Flex Ltd.

FLEX

$109.93

+1.89%

2026-09-04 09:39:20 EDT+$2.04

Technology

Hardware, Equipment & Parts

NASDAQ

Active Trading

Flex Ltd. is a global provider offering extensive design, engineering, manufacturing, and supply chain management solutions to original equipment manufacturers (OEMs) across ...

Key Metrics of FLEX

Snapshot

Latest / TTM · 6 periods

Market Cap

$39.85B

ROCE

12.6%

EV / EBITDA

22.57x

-2.4% YoY

FCF Yield

2.7%

-1.6% YoY

Cash Conversion Cycle

25.0d

Current Ratio

1.38

Quick take

TTM —

Positive CCC

Key Metrics

Latest / TTM · 6 periods

Valuation trend

Valuation trend table

Metric	2022	2023	2024	2025	2026	TTM
Market CapTotal market value of all shares outstanding.	$8.83B	$10.45B	$11.61B	$12.93B	$24.48B	$39.85B
Enterprise ValueCompany value including debt and cash adjustments.	$10.61B	$11.48B	$13.02B	$14.79B	$26.41B	$42.94B
EV / SalesHow many dollars investors pay per dollar of sales.	0.43x	0.40x	0.49x	0.57x	0.95x	1.47x
EV / EBITDAValuation multiple versus operating earnings before non-cash charges.	6.58x	7.46x	9.23x	8.31x	13.75x	22.57x
Net Debt / EBITDALeverage ratio using net debt divided by EBITDA.	1.11	0.67	1.00	1.04	1.00	1.62

Returns + ROCE gauge

ROCE latest

12.6%

Prev year 15.0%

Returns + ROCE gauge table

Metric	2022	2023	2024	2025	2026	TTM
ROEProfit generated from shareholders' equity.	22.7%	14.8%	18.9%	16.8%	17.1%	18.7%
ROAProfit generated from total assets.	4.8%	3.7%	5.5%	4.6%	4.0%	3.9%
ROICReturn generated on invested operating capital.	12.6%	9.2%	13.1%	13.4%	11.4%	10.1%
ROCEOperating return on long-term capital used.	10.3%	9.6%	8.8%	13.7%	15.0%	12.6%
Earnings YieldEarnings as a percentage of market value.	10.6%	7.6%	8.7%	6.5%	3.6%	2.4%

Cash flow quality

Cash flow quality table

Metric	2022	2023	2024	2025	2026	TTM
FCFFCash flow available to all capital providers.	$725.73M	$476.65M	$1.01B	$1.25B	$1.22B	$1.24B
FCFECash flow available to equity holders after debt flows.	$1.06B	$9.00M	$389.00M	$1.51B	$1.09B	$1.17B
FCF YieldFree cash flow divided by market capitalization.	6.6%	3.0%	6.9%	8.2%	4.3%	2.7%
Income QualityHow well accounting earnings are backed by cash flow.	1.09	0.92	1.07	1.80	1.91	1.86
Capex / OCFShare of operating cash flow spent on capital expenditures.	43.3%	66.8%	40.0%	29.1%	37.6%	40.8%

Operating efficiency

Operating efficiency table

Metric	2022	2023	2024	2025	2026	TTM
DSOAverage days to collect cash from customers.	57.6d	47.7d	45.4d	60.6d	75.1d	62.8d
DIOAverage days inventory stays before being sold.	105.1d	101.7d	92.3d	78.2d	84.1d	88.9d
DPOAverage days the company takes to pay suppliers.	99.9d	78.8d	66.4d	79.4d	116.0d	126.7d
Operating CycleTime from buying inventory to collecting receivables.	162.7d	149.3d	137.6d	138.9d	159.2d	151.7d
Cash Conversion CycleNet days cash is tied in operations.	62.8d	70.6d	71.2d	59.4d	43.3d	25.0d