Flex Ltd.(FLEX) Stock Research - Grey Stern Research
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Flex Ltd. (FLEX) Stock Analysis

$38.67 (-1.40%)

FLEX Financial Performance


Use the table below to view Flex Ltd.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2025

Metric Value Ranking among Peers
Price $38.67 -
52 Week Low $18.80 -
52 Week High $42.47 -
Market Cap $15.0 Billion 3/12
Gross Margin 8% 10/12
Profit Margin 3% 7/12
EBITDA margin 5% 6/12
Q2 - 2025 Revenue $6.5 Billion 2/12
Q2 - 2025 Earnings $214.0 Million 2/12
Q2 - 2025 Free Cash Flow $108.2 Million 2/12
Trailing 4 Quarters Revenue $22.9 Billion 2/12
Trailing 4 Quarters Earnings $808.4 Million 3/12
Quarterly Earnings Growth -6% 8/12
Annual Earnings Growth 3% 7/12
Quarterly Revenue Growth -12% 10/12
Annual Revenue Growth -22% 11/12
Cash On Hand $2.6 Billion 1/12
Short Term Debt $531.0 Million 2/12
Long Term Debt $3.7 Billion 2/12

Flex Ltd. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Flex Ltd.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 18.55 9/12
PS 0.65 8/12
PB 3.00 9/12
PC 5.77 10/12
Liabilities to Equity 2.71 2/12
ROA 0.04 8/12
ROE 0.16 6/12
Current Ratio 1.37 11/12
Quick Ratio 0.19 6/12
Long Term Debt to Equity 0.73 1/12
Debt to Equity 0.84 2/12
Burn Rate 40.07 2/12
Cash to Cap 0.17 3/12
CCR 0.51 6/12
EV to EBITDA 55.82 8/12
EV to Revenue 0.72 8/12

Company Details

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio. It also offers integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services. Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; and power solutions, such as switchgear, busway, power distribution, modular power systems, and monitoring solutions and services. Additionally, the company provides after-market and forward supply chain logistics services to computing, consumer digital, infrastructure, industrial, mobile, automotive, and medical industries; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. It serves to cloud, communications, enterprise, automotive, industrial, consumer devices, lifestyle, healthcare, and energy industries. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was incorporated in 1990 and is based in Singapore.

CEO: Ms. Revathi Advaithi

Website: https://www.flex.com

Address: 2 Changi South Lane ,

Exchange: NASDAQ Global Select

Industry: Electronic Components

Flex Ltd. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Flex Ltd.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Jabil Inc. JBL $15.3 Billion
Amphenol Corporation APH $88.2 Billion
Benchmark Electronics, Inc. BHE $1.8 Billion
Sanmina Corporation SANM $4.3 Billion
Celestica Inc. CLS $10.4 Billion
Fabrinet FN $8.5 Billion
Plexus Corp. PLXS $4.5 Billion
OSI Systems, Inc. OSIS $3.0 Billion
Methode Electronics, Inc. MEI $390.9 Million
Vicor Corporation VICR $2.5 Billion
CTS Corporation CTS $1.7 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
FLEX Income Statements
Quarter Year Revenue Earnings
Q2 2025 $ 6.5 Billion $214.0 Million
Q1 2025 $ 4.7 Billion $102.7 Million
Q4 2024 $ 4.6 Billion $294.7 Million
Q3 2024 $ 7.1 Billion $197.0 Million
Q2 2024 $ 7.5 Billion $228.0 Million
Q1 2024 $ 7.3 Billion $186.0 Million
Q4 2023 $ 7.5 Billion $363.0 Million
Q3 2023 $ 7.8 Billion $230.0 Million

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FLEX Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2025 $2.6 Billion $18.6 Billion $4.2 Billion $5.0 Billion
Q1 2025 $1.7 Billion $13.1 Billion $2.7 Billion $3.7 Billion
Q4 2024 $1.8 Billion $13.5 Billion $2.8 Billion $3.9 Billion
Q3 2024 $2.8 Billion $20.4 Billion $3.9 Billion $6.4 Billion
Q2 2024 $2.9 Billion $21.0 Billion $3.9 Billion $5.9 Billion
Q1 2024 $2.7 Billion $20.9 Billion $4.1 Billion $5.4 Billion
Q4 2023 $3.3 Billion $21.4 Billion $4.3 Billion $5.4 Billion
Q3 2023 $2.6 Billion $20.9 Billion $4.5 Billion $4.5 Billion

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FLEX Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2025 $108.2 Million -$51.1 Million -$214.1 Million
Q1 2025 $229.0 Million -$111.0 Million -$231.0 Million
Q4 2024 $396.4 Million $52.2 Million -$930.9 Million
Q3 2024 $154.0 Million -$130.0 Million -$136.0 Million
Q2 2024 $205.0 Million -$152.0 Million $240.0 Million
Q1 2024 -$161.0 Million -$167.0 Million -$634.0 Million
Q4 2023 $270.0 Million -$180.0 Million $729.0 Million
Q3 2023 $200.0 Million -$159.0 Million $112.0 Million

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