F

FLEX LTD.

FLEX · CIK 0000866374

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$27.91B8.1%
FY2026
Net income (FY)
$880.0M5.0%
FY2026
Free cash flow (FY)
$1.05B1.4%
FY2026
Diluted EPS (FY)
$2.3310.4%
FY2026
The story, charted

The shape of the business

FY2008–FY2026 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20B$30BFY2008 · Revenue $27.56B · 0000950123-10-052098 · filed 2010-05-24FY08Revenue $27.56B0000950123-10-052098 · filed 2010-05-24FY2009 · Revenue $30.95B · 0001047469-11-005449 · filed 2011-05-23FY09Revenue $30.95B0001047469-11-005449 · filed 2011-05-23FY2010 · Revenue $24.11B · Net income $18.6M · 0001047469-11-005449 · filed 2011-05-23 · 0001047469-12-006353 · filed 2012-05-29FY10Revenue $24.11BNet income $18.6M0001047469-11-005449 · filed 2011-05-23 · 0001047469-12-006353 · filed 2012-05-29FY2011 · Revenue $28.68B · Net income $596.2M · 0001047469-11-005449 · filed 2011-05-23 · 0001047469-13-006516 · filed 2013-05-28FY11Revenue $28.68BNet income $596.2M0001047469-11-005449 · filed 2011-05-23 · 0001047469-13-006516 · filed 2013-05-28FY2012 · Revenue $29.34B · Net income $488.8M · 0001047469-14-005069 · filed 2014-05-20 · 0001047469-13-006516 · filed 2013-05-28FY12Revenue $29.34BNet income $488.8M0001047469-14-005069 · filed 2014-05-20 · 0001047469-13-006516 · filed 2013-05-28FY2013 · Revenue $23.57B · Net income $277.1M · 0001047469-15-004931 · filed 2015-05-21 · 0001047469-13-006516 · filed 2013-05-28FY13Revenue $23.57BNet income $277.1M0001047469-15-004931 · filed 2015-05-21 · 0001047469-13-006516 · filed 2013-05-28FY2014 · Revenue $26.11B · Net income $365.6M · 0001628280-16-016576 · filed 2016-05-20FY14Revenue $26.11BNet income $365.6M0001628280-16-016576 · filed 2016-05-20FY2015 · Revenue $26.15B · Net income $600.8M · 0000866374-17-000005 · filed 2017-05-16FY15Revenue $26.15BNet income $600.8M0000866374-17-000005 · filed 2017-05-16FY2016 · Revenue $24.42B · Net income $444.1M · 0000866374-18-000007 · filed 2018-06-14FY16Revenue $24.42BNet income $444.1M0000866374-18-000007 · filed 2018-06-14FY2017 · Revenue $23.86B · Net income $319.6M · 0000866374-19-000006 · filed 2019-05-21FY17Revenue $23.86BNet income $319.6M0000866374-19-000006 · filed 2019-05-21FY2018 · Revenue $25.44B · Net income $428.5M · 0000866374-20-000009 · filed 2020-05-28FY18Revenue $25.44BNet income $428.5M0000866374-20-000009 · filed 2020-05-28FY2019 · Revenue $26.21B · Net income $93.0M · 0000866374-21-000030 · filed 2021-05-19FY19Revenue $26.21BNet income $93.0M0000866374-21-000030 · filed 2021-05-19FY2020 · Revenue $24.21B · Net income $88.0M · 0000866374-22-000035 · filed 2022-05-20FY20Revenue $24.21BNet income $88.0M0000866374-22-000035 · filed 2022-05-20FY2021 · Revenue $24.12B · Net income $613.0M · 0000866374-23-000028 · filed 2023-05-19FY21Revenue $24.12BNet income $613.0M0000866374-23-000028 · filed 2023-05-19FY2022 · Revenue $24.63B · Net income $936.0M · 0000866374-24-000021 · filed 2024-05-17FY22Revenue $24.63BNet income $936.0M0000866374-24-000021 · filed 2024-05-17FY2023 · Revenue $28.50B · Net income $793.0M · 0000866374-25-000027 · filed 2025-05-21FY23Revenue $28.50BNet income $793.0M0000866374-25-000027 · filed 2025-05-21FY2024 · Revenue $26.41B · Net income $1.01B · 0000866374-26-000012 · filed 2026-05-20FY24Revenue $26.41BNet income $1.01B0000866374-26-000012 · filed 2026-05-20FY2025 · Revenue $25.81B · Net income $838.0M · 0000866374-26-000012 · filed 2026-05-20FY25Revenue $25.81BNet income $838.0M0000866374-26-000012 · filed 2026-05-20FY2026 · Revenue $27.91B · Net income $880.0M · 0000866374-26-000012 · filed 2026-05-20FY26Revenue $27.91BNet income $880.0M0000866374-26-000012 · filed 2026-05-20FY26Revenue $27.91BNet income $880.0M0000866374-26-000012 · filed 2026-05-20FY08FY11FY14FY17FY20FY23FY26

net margin 0.1% → 3.2%

MarginsNet marginFCF margin
-10%0%FY2010 · Net margin 0.1% · FCF margin 2.3%FY10Net margin 0.1%FCF margin 2.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 2.1% · FCF margin 1.3%FY11Net margin 2.1%FCF margin 1.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 1.7% · FCF margin 1.3%FY12Net margin 1.7%FCF margin 1.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 1.2% · FCF margin 2.7%FY13Net margin 1.2%FCF margin 2.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 1.4% · FCF margin 2.3%FY14Net margin 1.4%FCF margin 2.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 2.3% · FCF margin 1.7%FY15Net margin 2.3%FCF margin 1.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 1.8% · FCF margin 2.6%FY16Net margin 1.8%FCF margin 2.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 1.3% · FCF margin -18.2%FY17Net margin 1.3%FCF margin -18.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 1.7% · FCF margin -17.4%FY18Net margin 1.7%FCF margin -17.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 0.4% · FCF margin -14.1%FY19Net margin 0.4%FCF margin -14.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 0.4% · FCF margin -8.2%FY20Net margin 0.4%FCF margin -8.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 2.5% · FCF margin -0.9%FY21Net margin 2.5%FCF margin -0.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 3.8% · FCF margin 2.4%FY22Net margin 3.8%FCF margin 2.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 2.8% · FCF margin 1.1%FY23Net margin 2.8%FCF margin 1.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 3.8% · FCF margin 3.0%FY24Net margin 3.8%FCF margin 3.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 3.2% · FCF margin 4.1%FY25Net margin 3.2%FCF margin 4.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2026 · Net margin 3.2% · FCF margin 3.8%FY26Net margin 3.2%FCF margin 3.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY26Net margin 3.2%FCF margin 3.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’10’14’18’22’26

FY2026: net 3.2% · free cash flow 3.8% of revenue

Cash engineOperating cash flowFree cash flow
−$4B−$2B$0$2BFY2008 · OCF $1.04B · 0000950123-10-052098 · filed 2010-05-24FY08OCF $1.04B0000950123-10-052098 · filed 2010-05-24FY2009 · OCF $1.32B · 0001047469-11-005449 · filed 2011-05-23FY09OCF $1.32B0001047469-11-005449 · filed 2011-05-23FY2010 · OCF $798.9M · FCF $564.4M · 0001047469-12-006353 · filed 2012-05-29FY10OCF $798.9MFCF $564.4M0001047469-12-006353 · filed 2012-05-29FY2011 · OCF $857.3M · FCF $386.6M · 0001047469-13-006516 · filed 2013-05-28FY11OCF $857.3MFCF $386.6M0001047469-13-006516 · filed 2013-05-28FY2012 · OCF $804.3M · FCF $367.1M · 0001047469-14-005069 · filed 2014-05-20FY12OCF $804.3MFCF $367.1M0001047469-14-005069 · filed 2014-05-20FY2013 · OCF $1.12B · FCF $626.4M · 0001047469-15-004931 · filed 2015-05-21FY13OCF $1.12BFCF $626.4M0001047469-15-004931 · filed 2015-05-21FY2014 · OCF $1.22B · FCF $606.8M · 0001628280-16-016576 · filed 2016-05-20FY14OCF $1.22BFCF $606.8M0001628280-16-016576 · filed 2016-05-20FY2015 · OCF $794.0M · FCF $446.6M · 0000866374-17-000005 · filed 2017-05-16FY15OCF $794.0MFCF $446.6M0000866374-17-000005 · filed 2017-05-16FY2016 · OCF $1.14B · FCF $625.8M · 0000866374-18-000007 · filed 2018-06-14FY16OCF $1.14BFCF $625.8M0000866374-18-000007 · filed 2018-06-14FY2017 · OCF −$3.82B · FCF −$4.35B · 0000866374-19-000006 · filed 2019-05-21FY17OCF −$3.82BFCF −$4.35B0000866374-19-000006 · filed 2019-05-21FY2018 · OCF −$3.87B · FCF −$4.43B · 0000866374-20-000009 · filed 2020-05-28FY18OCF −$3.87BFCF −$4.43B0000866374-20-000009 · filed 2020-05-28FY2019 · OCF −$2.97B · FCF −$3.70B · 0000866374-21-000030 · filed 2021-05-19FY19OCF −$2.97BFCF −$3.70B0000866374-21-000030 · filed 2021-05-19FY2020 · OCF −$1.53B · FCF −$2.00B · 0000866374-22-000035 · filed 2022-05-20FY20OCF −$1.53BFCF −$2.00B0000866374-22-000035 · filed 2022-05-20FY2021 · OCF $144.0M · FCF −$207.0M · 0000866374-23-000028 · filed 2023-05-19FY21OCF $144.0MFCF −$207.0M0000866374-23-000028 · filed 2023-05-19FY2022 · OCF $1.02B · FCF $581.0M · 0000866374-24-000021 · filed 2024-05-17FY22OCF $1.02BFCF $581.0M0000866374-24-000021 · filed 2024-05-17FY2023 · OCF $950.0M · FCF $315.0M · 0000866374-25-000027 · filed 2025-05-21FY23OCF $950.0MFCF $315.0M0000866374-25-000027 · filed 2025-05-21FY2024 · OCF $1.33B · FCF $796.0M · 0000866374-26-000012 · filed 2026-05-20FY24OCF $1.33BFCF $796.0M0000866374-26-000012 · filed 2026-05-20FY2025 · OCF $1.50B · FCF $1.07B · 0000866374-26-000012 · filed 2026-05-20FY25OCF $1.50BFCF $1.07B0000866374-26-000012 · filed 2026-05-20FY2026 · OCF $1.69B · FCF $1.05B · 0000866374-26-000012 · filed 2026-05-20FY26OCF $1.69BFCF $1.05B0000866374-26-000012 · filed 2026-05-20FY26OCF $1.69BFCF $1.05B0000866374-26-000012 · filed 2026-05-20’10’14’18’22’26

FY2026: $1.69B operating cash − $633.0M capex = $1.05B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%FY2010 · ROE 0.9% · ROA 0.2%FY10ROE 0.9%ROA 0.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 26.0% · ROA 5.1%FY11ROE 26.0%ROA 5.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 21.4% · ROA 4.4%FY12ROE 21.4%ROA 4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 12.3% · ROA 2.6%FY13ROE 12.3%ROA 2.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 16.9% · ROA 2.9%FY14ROE 16.9%ROA 2.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 25.4% · ROA 5.2%FY15ROE 25.4%ROA 5.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 17.3% · ROA 3.6%FY16ROE 17.3%ROA 3.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 12.1% · ROA 2.5%FY17ROE 12.1%ROA 2.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 14.2% · ROA 3.1%FY18ROE 14.2%ROA 3.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 3.1% · ROA 0.7%FY19ROE 3.1%ROA 0.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 3.1% · ROA 0.6%FY20ROE 3.1%ROA 0.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 17.8% · ROA 3.9%FY21ROE 17.8%ROA 3.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 22.7% · ROA 4.8%FY22ROE 22.7%ROA 4.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 14.8% · ROA 3.7%FY23ROE 14.8%ROA 3.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 18.9% · ROA 5.5%FY24ROE 18.9%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 16.8% · ROA 4.6%FY25ROE 16.8%ROA 4.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2026 · ROE 17.1% · ROA 4.0%FY26ROE 17.1%ROA 4.0%derived: net income ÷ equity · derived: net income ÷ assetsFY26ROE 17.1%ROA 4.0%derived: net income ÷ equity · derived: net income ÷ assets’10’14’18’22’26

return on equity 1% (FY2010) → 17% (FY2026) · on assets 4.0%

Balance sheetLiabilitiesEquity
$0$10B$20BFY2021 · Liabilities $12.40B · Equity $3.44BFY21Liabilities $12.40BEquity $3.44B0000866374-22-000035 · filed 2022-05-20FY2022 · Liabilities $15.12B · Equity $4.13BFY22Liabilities $15.12BEquity $4.13B0000866374-23-000028 · filed 2023-05-19FY2023 · Liabilities $15.70B · Equity $5.35BFY23Liabilities $15.70BEquity $5.35B0000866374-24-000021 · filed 2024-05-17FY2024 · Liabilities $12.93B · Equity $5.33BFY24Liabilities $12.93BEquity $5.33B0000866374-25-000027 · filed 2025-05-21FY2025 · Liabilities $13.38B · Equity $5.00BFY25Liabilities $13.38BEquity $5.00B0000866374-26-000012 · filed 2026-05-20FY2026 · Liabilities $16.92B · Equity $5.14BFY26Liabilities $16.92BEquity $5.14B0000866374-26-000012 · filed 2026-05-20FY26Liabilities $16.92BEquity $5.14B0000866374-26-000012 · filed 2026-05-20’22’24’26

FY2026: $22.06B assets · $16.92B liabilities · $5.14B equity

The receipts