profit from every $100 of sales.
$0$100
Flex
$74.98-4.02% today
+26.0% in 1 year
1-year low $54.511-year high $162.07
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2021 to 2026.
0%20% a year
You pay $31.48 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Flex sold, what it kept, and what it did with the cash.
Sales went from $28.5 billion in 2023 to $27.9 billion in 2026, with $880 million of profit last year.
SalesProfit
Flex handed back 90% of the cash it generated last year.
Buybacks $944M
Free cash flow 2026$1.1B
Bought back its own shares$944M
Paid as dividends–
Cash vs. debt$2.4B vs. $4.3B
Flex vs. similar companies
Flex grows the slowest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Flex | 31.5× · Expensive | ||
 TE Connectivity | 19.1× · Fair price | ||
 Celestica | 36.4× · Expensive | ||
 Teledyne Technologies | 33.1× · Expensive | ||
 Jabil | 25.1× · Fair price |
AI analysis
An AI analyst reads Flex's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| 24,124 | 24,633 | 28,502 | 26,415 | 25,813 | 27,914 | |
| 1,687 | 1,780 | 1,976 | 1,865 | 2,159 | 2,567 | |
| 795 | 890 | 1,021 | 873 | 1,185 | 1,447 | |
| 1,348 | 1,599 | 1,538 | 1,410 | 1,780 | 1,921 | |
| 613 | 936 | 793 | 1,006 | 838 | 880 | |
| 1.21 | 1.94 | 1.72 | 2.28 | 2.11 | 2.33 | |
| 7.0% | 7.2% | 6.9% | 7.1% | 8.4% | 9.2% | |
| 3.3% | 3.6% | 3.6% | 3.3% | 4.6% | 5.2% | |
| 2.5% | 3.8% | 2.8% | 3.8% | 3.2% | 3.2% |
Balance sheet
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Total assets | 15,836 | 19,325 | 21,407 | 18,257 | 18,381 | 22,060 |
| Cash | 2,637 | 2,964 | 3,164 | 2,474 | 2,289 | 2,389 |
| Total debt | 4,366 | 4,748 | 4,198 | 3,751 | 4,148 | 4,316 |
| Total liabilities | 12,400 | 15,118 | 15,701 | 12,932 | 13,379 | 16,916 |
| 3,436 | 4,129 | 5,351 | 5,325 | 5,002 | 5,144 | |
| 506 | 483 | 462 | 441 | 398 | 378 | |
| 8.7% | 10.1% | 8.6% | 7.6% | 10.7% | 11.3% | |
| 17.8% | 22.7% | 14.8% | 18.9% | 16.8% | 17.1% |
Cash flow
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| 144 | 1,024 | 950 | 1,326 | 1,505 | 1,685 | |
| 351 | 443 | 635 | 530 | 438 | 633 | |
| -207 | 581 | 315 | 796 | 1,067 | 1,052 | |
| Dividends paid | – | – | – | – | – | – |
| 183 | 686 | 337 | 1,298 | 1,257 | 944 | |
| 79 | 91 | 133 | 152 | 125 | 142 |
Valuation
- 31.5×
- 20.5×
- 2.25
- 10.4×
- 1.0×
- 26.3×
- 15.4×
- 3.8%
- 3.2%
- 0.0%
Profitability
- 9.2%
- 5.2%
- 3.2%
- 6.1%
- 11.0%
- 10.9%
- 17.3%
- 4.0%
- 14.3%
- –
Growth
- +3.0%
- +14.0%
- −1.4%
- –
- −5.9%
Financial health
- 1.0×
- 0.11
- 2.6%
- 6.7×
- 1.36
- 0.87
- 1.27
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 36%of 965
Bottom 36%of 973
Bottom 46%of 731
Bottom 26%of 978
Top 39%of 981
What analysts expect
- Average price target
- $80.00
- Range
- $71.00 – $95.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 5, 2026 | 0.93 | 0.87 | +6.4% |
| Feb 4, 2026 | 0.87 | 0.78 | +11.7% |
| Oct 29, 2025 | 0.79 | 0.75 | +4.8% |
| Jul 24, 2025 | 0.72 | 0.63 | +14.3% |
| May 7, 2025 | 0.73 | 0.70 | +5.0% |
| Jan 29, 2025 | 0.77 | 0.64 | +20.3% |
| Oct 30, 2024 | 0.64 | 0.56 | +14.3% |
| Jul 24, 2024 | 0.51 | 0.41 | +23.9% |
News
Flex soars 12% on quarterly resultsSeeking Alpha · Oct 28, 2026What Flex Bulls Got RightYahoo Finance · Oct 24, 2026Key deals this week: Flex, Nvidia, AbbVie and moreSeeking Alpha · Sep 5, 2026Flex LNG declares $0.75 dividendSeeking Alpha · Aug 19, 2026Flex LNG beats top-line and bottom-line estimates; reaffirms FY2026 outlookSeeking Alpha · Aug 19, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
48No pass
Benjamin Graham
42No pass
Philip Fisher
45No pass
Peter Lynch
38No pass
Joel Greenblatt
21No pass
Charlie Munger
41No pass
Terry Smith
39No pass
Questions about Flex
Is Flex a good stock to buy?
A business with weak numbers, but the price is high. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Flex AI analysis
What does Flex do?
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It is in Hardware, Equipment & Parts, based in Austin, TX, United States, with 149,686 employees.
Does Flex pay a dividend?
No. Flex does not pay a dividend at the moment; in 2026 it returned $944 million to shareholders by buying back its own shares.
Is Flex stock halal?
Yes. Flex passes our halal screen: its business is permitted and its debt is 15% of its market value, under the 30% limit. How we check
How has Flex stock done over the past year?
Up 26.0% over the past twelve months, to $74.98. It traded between $54.51 and $162.07 and is 53.7% below its high.
Who are Flex's competitors?
The largest listed companies in the same industry are TE Connectivity, Celestica, Teledyne Technologies and Jabil. The peers table on this page compares their profit, growth and price with Flex's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.