Skip to content
ESPT
MARKETS / NASDAQ / Technology / Electronic components / FLEX
NASDAQ · PRINTED CIRCUIT BOARDS · LARGE CAP

Flex Ltd. FLEX

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$27.9B
▲ 8.1% YoY
$880.0M
▲ 5.0% YoY
$1.1B
▼ 1.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Flex provides design and engineering, supply chain, manufacturing, value-added fulfillment and forward logistics, and aftermarket services from a network of more than 100 locations in approximately 30 countries on four continents. As of March 31, 2026, its global workforce totaled approximately 150,000 employees, including the contractor workforce. In the fiscal year ended March 31, 2026, 44% of net sales came from North America, 16% from China, 20% from Europe and 20% from other areas, attributed to the country where the product is manufactured or the service provided. The ten largest customers accounted for 45% of net sales in fiscal year 2026. Customers are served across seven reporting units within three segments, ITS, RMS and CPI. The ITS segment serves customers building technology-driven products that require fast innovation cycles, while the RMS segment focuses on regulated, safety-critical markets. The CPI segment delivers integrated compute systems, power and cooling technologies for large-scale cloud, data center and AI-enabled infrastructure deployments. Flex was incorporated in the Republic of Singapore in May 1990, and its registered office is at 2 Changi South Lane, Singapore.

Written from the business description in FLEX LTD.'s annual report to the U.S. Securities and Exchange Commission, filed 20 May 2026. Every sentence was checked against that document before publication.

Growth

USD 27.9B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 27.9 · Net income 0.9
15.0B30.0B-2.5B-5.0B
2007201020132016201920222025
Compound annual growth
−0.7%
+3.0%
+1.3%
−0.1%
+3.5%
+7.5%
+7.1%
+2.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +3.0% a year over the five years to FY2025 — but profit grew faster: net income at +7.5%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 4.9% · Net 3.2%
2%4%-5%-10%-15%
200720162025
ROE
FY2025 · ROE 17.3%
10%20%
200720162025
Three returns, three denominators.
Gross margin9.2%
Operating margin4.9%
Net margin3.2%
EBITDAUSD 1.8B

Each USD of equity produced 17 cents of profit this year.

Cash & shareholders

USD 944.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.1
0.5B1.0B-2.0B-4.0B
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends · · Net buybacks 0.9
0.5B1.0B-0.1B-0.3B
2007201020132016201920222025
Dividends paid·
Net buybacksUSD 944.0M
Share of profit107.3%
Consecutive raises·

USD 944.0M in buybacks — 107% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 22.1B
EquityUSD 5.1B
CashUSD 2.4B
Gross debtUSD 3.8B
Net debtUSD 1.4B
Current ratio1.36×

Net debt stands at 26% of equity.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
FLEX, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B27.925.826.428.524.624.124.226.225.423.924.426.126.123.629.328.424.030.927.6
Operating income $B1.41.20.91.00.90.80.40.20.50.40.50.70.40.30.60.6◌◌◌
EBITDA $B1.81.61.31.41.31.20.80.61.00.81.01.20.90.91.11.1◌◌◌
Income tax $B0.30.2−0.20.10.10.10.10.10.10.10.00.10.00.00.10.0−0.00.00.7
Net income $B0.90.81.00.80.90.60.10.10.40.30.40.60.40.30.50.60.0−6.1−0.7
Free cash flow $B1.11.10.80.30.6−0.2−2.0−3.7−4.4−4.30.60.40.60.60.40.40.6◌◌
EPS, diluted $2.332.112.281.721.941.210.170.180.800.590.791.020.590.410.670.750.02−7.47−0.95
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend———————————————————
ROE %17.316.218.816.724.719.63.03.115.112.318.026.616.612.221.327.91.0◌◌
Shares out B0.370.380.090.450.460.490.500.520.530.530.540.560.590.640.680.760.810.81◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

GOOG · GOOGL · MSFT · NVDA · META · ORCL
Provenance

Company facts, as filed

How we verify · 0 failures · 14 divergences in 93 reconciliationsAUDITED

Reconciled in 5 of the 19 fiscal years we could check. 14 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. Two checks were skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures14 divergent
ActivityPrinted Circuit Boards
Listed onNASDAQ
Incorporated inoutside the United States — SEC code U0
Fiscal year endsMarch 31
Data on record since2007

Share this section

Download image