Fundamental analysis · SEC EDGAR · TTM through 26/06/2026

Fundamental analysis of Flex Ltd.

FLEX · Nasdaq · Technology

Fundamental quality

REASONABLE

58

out of 100

Flex Ltd. earns a fundamental-quality score of 58 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its financial strength (net debt 1.25× EBITDA). Its weakest area is its profitability (net margin 3.3%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Flex is one of the world's largest contract manufacturers: it builds electronics and equipment for other brands, with a recent prize — server racks and power systems for AI data centers, which have transformed its business mix.

What will shape its future

  • Data-center hardware, the segment that changed its stock-market story.
  • Diversification (automotive, health, industrial), its insurance against single cycles.
  • Contract-manufacturer margins: always thin, mix decides everything.

Breakdown by area

I.Growth
59

EPS growth: 15.6% · Revenue growth: 3.8%

II.Profitability
49

Net margin: 3.3% · ROE: 17.7% · ROIC: 13.5%

III.Financial health
66

Net debt/EBITDA: 1.25x · FCF: 2.8%

Source: SEC EDGAR · TTM through 26/06/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 100 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 22%
ROEbeats 48%
Growthbeats 16%
Cash generationbeats 11%
Less debtbeats 36%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Flex Ltd. strengths

  • Growing earnings per share (15.6% annualized).

Flex Ltd. risks and weaknesses

  • Thin margins (net margin of 3.3%), little cushion for setbacks.

Flex Ltd. historical evolution

YearRevenueNet incomeFree cash flowNet debt
202124,124613-2071,146
202224,6339365811,233
202328,502793315530
202426,4151,006796787
202525,8138381,0671,403
202627,9148801,0521,362

Between 2021 and 2026, revenue went from $24,124M to $27,914M (+16%) and net income went from $613M to $880M (+44%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended June 26, 2026, versus the quarter ended June 27, 2025 (SEC filings):

  • Revenue+20.6%
  • Net income+48.4%

What changed with the June 26, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score5958
  • FCF margin3.8%2.8%
  • Net debt/EBITDA0.75×1.25×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Flex Ltd. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Flex Ltd. a good company to invest in?

In terms of business quality, Flex Ltd. scores 58 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Flex Ltd. a profitable company?

Flex Ltd. is profitable, with a net margin of 3.3%, though a thin one.

Does Flex Ltd. have a lot of debt?

Not particularly. Its net debt is 1.25 times its EBITDA, a low level.

Is Flex Ltd. growing?

Its revenue has grown 3.8% annualized in recent years and its earnings per share 15.6%.

Does Flex Ltd. generate cash?

Yes. It converts about 2.8% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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