Flex Ltd.

Technology

NASDAQ:FLEX · NASDAQ Global Select

Market Cap $55.49B Beta 1.64 P/E (TTM) 64.4

$151.45 -0.36%

-$0.54 today

52W Low $42.83High $166.86

Vol 2.52M · Avg 4.97M

EPS (TTM)$2.35

Hardware, Equipment & Parts

Income Statement

Follow revenue through to earnings

Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.

Income Statement Balance Sheet Cash Flow

Earnings Waterfall

Revenue to Net Income

Income Statement

Key Ratios

EPS$2.33

Gross Margin9.3%

Net Margin3.1%

P/E Ratio25.0

P/S Ratio3.1

Analysis

$27.9B of revenue converted into $880.0M of net income for the selected period. Gross margin is 9.3% and net margin is 3.1%, showing how much revenue survives after costs and taxes. EPS is $2.33, tying the income statement back to per-share earnings.

Income Statement

Annual data · 5 periods

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenue	$27.9B +8.1%	$25.8B -2.3%	$26.4B -7.3%	$28.5B +15.7%	$24.6B	$1.0B	$809.6M	$921.6M
Cost of Revenue	$25.4B +7.2%	$23.7B -3.6%	$24.6B -7.4%	$26.5B +16.1%	$22.9B	$344.8M	$725.6M	$804.0M

Gross Profit	$2.6B +18.5%	$2.2B +15.8%	$1.9B -5.6%	$2.0B +11.0%	$1.8B	$10.3B	$8.9B	$7.6B

Gross Margin	9.2% +0.8pp	8.4% +1.3pp	7.1% +0.1pp	6.9% -0.3pp	7.2%	45.5%	9.8%	28.9%
Research & Development	$0	$0	$0	$0	$0	$378.4M	$983.2M	$1.3B
Selling, General & Admin	$1.1B +16.4%	$904.0M -2.0%	$922.0M +5.5%	$874.0M +5.3%	$830.0M	$1.4B	$620.6M	$923.0M

Operating Expenses	$1.1B +6.3%	$990.0M -2.2%	$1.0B +5.5%	$959.0M +7.8%	$890.0M	$3.6B	$5.3B	$7.0B
Depreciation & Amortization	$563.0M +4.5%	$539.0M +0.4%	$537.0M +7.2%	$501.0M +3.5%	$484.0M	$1.2B	$374.2M	$1.2B

EBITDA	$1.9B +7.9%	$1.8B +26.2%	$1.4B -8.3%	$1.5B -4.7%	$1.6B	$12.6B	-$15.2B	$6.8B
EBITDA Margin	6.9% -0.0pp	6.9% +1.6pp	5.3% -0.1pp	5.4% -1.2pp	6.6%	10.0%	5.6%	46.3%

Operating Income	$1.5B +28.8%	$1.2B +37.0%	$853.0M -16.1%	$1.0B +14.3%	$890.0M	$10.6B	$12.3B	$14.0B

Operating Margin	5.4% +0.9pp	4.5% +1.3pp	3.2% -0.3pp	3.6% -0.0pp	3.6%	18.7%	16.6%	24.1%
Interest Income	$51.0M -16.4%	$61.0M +8.9%	$56.0M +86.7%	$30.0M +114.3%	$14.0M	$1.3B	-$1.5B	-$1.6B
Interest Expense	$215.0M -1.4%	$218.0M +35.4%	$161.0M -15.7%	$191.0M +19.4%	$160.0M	$969.2M	$1.1B	$1.0B
Other Income / Expenses	-$363.0M -148.6%	-$146.0M +21.9%	-$187.0M +11.0%	-$210.0M -383.8%	$74.0M	-$1.6B	-$1.5B	$1.4B

Income Before Tax	$1.1B +11.7%	$1.0B +53.6%	$666.0M -17.5%	$807.0M -16.3%	$964.0M	-$15.6B	$3.3B	$4.9B
Pre-Tax Margin	4.1% +0.1pp	4.0% +1.4pp	2.5% -0.3pp	2.8% -1.1pp	3.9%	13.3%	20.8%	18.7%
Income Tax Expense	$263.0M +42.2%	$185.0M +189.8%	-$206.0M -266.1%	$124.0M +34.8%	$92.0M	$666.8M	$1.3B	-$1.6B

Net Income	$880.0M +5.0%	$838.0M -16.7%	$1.0B +26.9%	$793.0M -15.3%	$936.0M	$5.0B	$4.9B	$4.8B

Net Margin	3.2% -0.1pp	3.2% -0.6pp	3.8% +1.0pp	2.8% -1.0pp	3.8%	7.4%	12.4%	17.5%
EPS (Basic)	$2 +8.9%	$2 -13.4%	$2 +41.1%	$2 -11.2%	$2	$1.2B	$400.8M	$703.2M
EPS (Diluted)	$2 +10.4%	$2 -7.5%	$2 +32.6%	$2 -11.3%	$2	$620.6M	$766.2M	$609.4M
Weighted Avg Shares	$374.0M -4.3%	$391.0M -4.2%	$408.1M -10.1%	$454.0M -4.6%	$476.0M	$892.2M	$757.8M	$925.8M
Weighted Avg Shares (Diluted)	$374.0M -6.0%	$398.0M -9.8%	$441.0M -4.5%	$462.0M -4.3%	$483.0M	$319.6M	$1.2B	$924.4M