FLXS Financials FLEXSTEEL INDUSTRIES INC

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Oct 31, 2026, 11:19 UTC Overview →

Growth & profitability

Revenue has declined 0.8% per year over the past 5 years.
Net income has grown faster than revenue (7.5% vs -0.8% per year).
Operating margin has expanded, at 9.3% in the latest year.

Financial health

Operating income covered interest expense 1934× in the latest year, down from 3120× 5 years ago.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 13.2% of earnings and 9.2% of free cash flow.
The dividend has grown 10.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$459M	$33M	24.7%	9.3%	24.8%	13.0%	$48M	—	$17M
2025	$441M	$20M	22.2%	6.0%	12.0%	7.1%	$34M	—	$40M
2024	$413M	$11M	21.1%	4.1%	7.0%	3.8%	$27M	—	$5M
2023	$394M	$15M	18.0%	2.7%	10.4%	5.1%	$18M	—	$3M
2022	$544M	$2M	13.4%	1.2%	1.4%	0.7%	$4M	—	$2M
2021	$479M	$23M	20.2%	6.5%	13.7%	7.8%	-$35M	—	$1M
2020	$367M	-$27M	14.5%	-9.4%	-15.3%	-11.3%	$15M	—	$48M
2019	$444M	-$33M	15.8%	-9.7%	-15.9%	-12.8%	-$15M	—	$22M
2018	$489M	$18M	20.1%	5.0%	7.3%	6.2%	-$2M	—	$28M
2017	$469M	$24M	23.2%	7.9%	10.3%	8.8%	$13M	—	$29M
2016	—	$24M	—	—	11.6%	9.8%	$47M	—	$37M
2015	—	$22M	—	—	11.9%	9.1%	-$34M	—	$1M
2014	—	$15M	—	—	—	7.1%	$12M	—	$22M
2013	—	$13M	—	—	—	6.8%	-$320000	—	—
2012	—	$13M	—	—	—	7.2%	-$2M	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$114M	$5M	22.0%	6.0%	4.1%	2.2%	-$2M	—	$4M
Mar '26	$115M	$6M	22.6%	7.1%	3.5%	2.2%	$22M	—	$57M
Dec '25	$118M	$7M	22.7%	7.6%	3.7%	2.3%	-$735000	—	$37M
Sep '25	$110M	$7M	23.5%	8.1%	4.3%	2.6%	$3M	—	$39M
Jun '25	$115M	$11M	23.9%	12.2%	6.4%	3.8%	$15M	—	$40M
Mar '25	$114M	-$4M	22.2%	-4.4%	-2.4%	-1.4%	$11M	—	$23M
Dec '24	$108M	$9M	21.0%	10.7%	5.6%	3.3%	$6M	—	$12M
Sep '24	$104M	$4M	21.5%	5.8%	2.7%	1.5%	$2M	—	$6M
Jun '24	$111M	$5M	21.3%	6.9%	3.3%	1.8%	$7M	—	$5M
Mar '24	$107M	$2M	21.7%	2.8%	1.2%	0.7%	$6M	—	$5M
Dec '23	$100M	$3M	21.9%	4.6%	2.1%	1.1%	$17M	—	$3M
Sep '23	$95M	$752000	19.5%	2.0%	0.5%	0.3%	-$3M	—	$3M
Jun '23	$106M	$10M	20.0%	4.0%	7.2%	3.5%	-$9M	—	$3M
Mar '23	$99M	$1M	18.8%	2.1%	1.1%	0.6%	$4M	—	$2M
Dec '22	$93M	$3M	17.0%	4.0%	2.2%	1.1%	$11M	—	$2M
Sep '22	$96M	$289000	16.0%	0.4%	0.2%	0.1%	$11M	—	$4M
Jun '22	$125M	-$271000	14.2%	2.9%	-0.2%	-0.1%	$11M	—	$2M
Mar '22	$140M	$5M	15.7%	4.1%	3.8%	1.8%	$36M	—	$3M
Dec '21	$142M	-$8M	6.7%	-6.1%	-4.9%	-2.3%	$3M	—	$4M
Sep '21	$138M	$4M	17.0%	4.3%	2.6%	1.3%	-$45M	—	$4M

Valuation over time

How the market has priced FLXS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 43.8× (Mar '23) to 9.2× (Nov '26).
The price-to-sales ratio has risen from 0.1× (Mar '23) to 0.7× (Nov '26).
The dividend yield has fallen from 4.8% (Mar '23) to 1.4% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is FLXS growing its revenue and profit?

Over the past 5 years, FLEXSTEEL INDUSTRIES INC's revenue has declined 0.8% per year, and net income grown 7.5% per year. These are computed facts, not advice.

How much debt does FLXS have?

As of FY2026, FLEXSTEEL INDUSTRIES INC reported — of total debt against $17M of cash; operating income covered interest expense 1934×.

What is FLXS's profit margin?

In FY2026, gross margin was 24.7%, operating margin 9.3%, and net margin 7.2%.

What is FLXS's P/E ratio?

FLEXSTEEL INDUSTRIES INC's P/E (TTM) is 9.19 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the FLXS stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 9.2× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.