Flex Ltd. FLEX
FLEX among the 75 companies we cover
Where it stands · the better end on the right. The band holds the middle half; the line is the median.
FLEX and 9 peers, year by year
The 9 Technology companies closest to FLEX in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
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| Company | Year | Revenue | Sales growth | Gross margin | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|
| FLEX Flex Ltd. | FY2026 | $27.9B | +8.1% | 9.2% | 4.9% | 3.2% | 3.8% | 17.1% | 0.73 |
| AMAT Applied Materials | FY2025 | $28.4B | +4.4% | 48.7% | 29.2% | 24.7% | 20.1% | 34.3% | 0.32 |
| SNDK Sandisk | FY2026 | $20.2B | +175% | 71.5% | 61.2% | 56.5% | 56.8% | 72.7% | 0.00 |
| APH Amphenol | FY2025 | $23.1B | +51.7% | 36.9% | 25.4% | 18.5% | 19.0% | 31.8% | 1.16 |
| LRCX Lam Research | FY2026 | $23.2B | +26.0% | 50.5% | 35.3% | 31.3% | 21.1% | 58.3% | 0.30 |
| ADBE Adobe Inc. | FY2025 | $23.8B | +10.5% | 89.3% | 36.6% | 30.0% | 41.4% | 61.3% | 0.53 |
| JBL Jabil | FY2026 | $36.0B | +20.6% | 9.2% | 4.7% | 2.9% | 3.8% | 64.6% | 2.09 |
| CDW CDW Corporation | FY2025 | $22.4B | +6.8% | 21.7% | 7.4% | 4.8% | 4.9% | 40.9% | 2.16 |
| CTSH Cognizant | FY2025 | $21.1B | +7.0% | - | 16.1% | 10.6% | 12.3% | 14.9% | 0.04 |
| INTU Intuit | FY2026 | $21.4B | +13.9% | - | 27.4% | 21.3% | 40.4% | 24.0% | 0.40 |
Revenue, FY2022 to FY2026
Revenue as reported in the 10-K.
| Company | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| FLEX Mar | $24.6B | $28.5B | $26.4B | $25.8B | $27.9B |
| AMAT Oct | $25.8B | $26.5B | $27.2B | $28.4B | - |
| SNDK Jul | - | $6.1B | $6.7B | $7.4B | $20.2B |
| APH Dec | $12.6B | $12.6B | $15.2B | $23.1B | - |
| LRCX Jun | $17.2B | $17.4B | $14.9B | $18.4B | $23.2B |
| ADBE Nov | $17.6B | $19.4B | $21.5B | $23.8B | - |
| JBL Aug | $33.5B | $34.7B | $28.9B | $29.8B | $36.0B |
| CDW Dec | $23.7B | $21.4B | $21.0B | $22.4B | - |
| CTSH Dec | $19.4B | $19.4B | $19.7B | $21.1B | - |
| INTU Jul | $12.7B | $14.4B | $16.3B | $18.8B | $21.4B |
| Peer median | $18.5B | $19.4B | $19.7B | $22.4B | $22.3B |
Sales growth, FY2022 to FY2026
Revenue against the fiscal year before.
| Company | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| FLEX Mar | +7.9% | +15.7% | −7.3% | −2.3% | +8.1% |
| AMAT Oct | +11.8% | +2.8% | +2.5% | +4.4% | - |
| SNDK Jul | - | - | +9.5% | +10.4% | +175% |
| APH Dec | +16.1% | −0.5% | +21.3% | +51.7% | - |
| LRCX Jun | +17.8% | +1.2% | −14.5% | +23.7% | +26.0% |
| ADBE Nov | +11.5% | +10.2% | +10.8% | +10.5% | - |
| JBL Aug | +14.3% | +3.7% | −16.8% | +3.2% | +20.6% |
| CDW Dec | +14.1% | −10.0% | −1.8% | +6.8% | - |
| CTSH Dec | +5.0% | −0.4% | +2.0% | +7.0% | - |
| INTU Jul | +32.1% | +12.9% | +13.3% | +15.6% | +13.9% |
| Peer median | +14.2% | +2.0% | +2.5% | +10.4% | +23.3% |
Gross margin, FY2022 to FY2026
Gross profit / revenue.
| Company | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| FLEX Mar | 7.2% | 6.9% | 7.1% | 8.4% | 9.2% |
| AMAT Oct | 46.5% | 46.7% | 47.5% | 48.7% | - |
| SNDK Jul | - | 7.1% | 16.1% | 30.1% | 71.5% |
| APH Dec | 31.9% | 32.5% | 33.8% | 36.9% | - |
| LRCX Jun | 45.7% | 44.6% | 47.3% | 48.7% | 50.5% |
| ADBE Nov | 87.7% | 87.9% | 89.0% | 89.3% | - |
| JBL Aug | 7.9% | 8.3% | 9.3% | 8.9% | 9.2% |
| CDW Dec | 19.7% | 21.8% | 21.9% | 21.7% | - |
| CTSH Dec | - | - | - | - | - |
| INTU Jul | - | - | - | - | - |
| Peer median | 38.8% | 32.5% | 33.8% | 36.9% | 50.5% |
Operating margin, FY2022 to FY2026
Operating income / revenue.
| Company | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| FLEX Mar | 3.6% | 3.6% | 3.2% | 4.5% | 4.9% |
| AMAT Oct | 30.2% | 28.9% | 28.9% | 29.2% | - |
| SNDK Jul | - | −33.4% | −7.0% | −18.7% | 61.2% |
| APH Dec | 20.5% | 20.4% | 20.7% | 25.4% | - |
| LRCX Jun | 31.2% | 29.7% | 28.6% | 32.0% | 35.3% |
| ADBE Nov | 34.6% | 34.3% | 31.3% | 36.6% | - |
| JBL Aug | 4.2% | 4.4% | 7.0% | 4.0% | 4.7% |
| CDW Dec | 7.3% | 7.9% | 7.9% | 7.4% | - |
| CTSH Dec | 15.3% | 13.9% | 14.7% | 16.1% | - |
| INTU Jul | 20.2% | 21.9% | 22.3% | 26.1% | 27.4% |
| Peer median | 20.3% | 20.4% | 20.7% | 25.4% | 31.4% |
Net margin, FY2022 to FY2026
Net income / revenue.
| Company | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| FLEX Mar | 3.8% | 2.8% | 3.8% | 3.2% | 3.2% |
| AMAT Oct | 25.3% | 25.9% | 26.4% | 24.7% | - |
| SNDK Jul | - | −35.2% | −10.1% | −22.3% | 56.5% |
| APH Dec | 15.1% | 15.4% | 15.9% | 18.5% | - |
| LRCX Jun | 26.7% | 25.9% | 25.7% | 29.1% | 31.3% |
| ADBE Nov | 27.0% | 28.0% | 25.9% | 30.0% | - |
| JBL Aug | 3.0% | 2.4% | 4.8% | 2.2% | 2.9% |
| CDW Dec | 4.7% | 5.2% | 5.1% | 4.8% | - |
| CTSH Dec | 11.8% | 11.0% | 11.3% | 10.6% | - |
| INTU Jul | 16.2% | 16.6% | 18.2% | 20.5% | 21.3% |
| Peer median | 15.7% | 15.4% | 15.9% | 18.5% | 26.3% |
Free cash flow, FY2022 to FY2026
Cash from operations minus capital spending.
| Company | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| FLEX Mar | $581.0M | $315.0M | $796.0M | $1.1B | $1.1B |
| AMAT Oct | $4.6B | $7.6B | $7.5B | $5.7B | - |
| SNDK Jul | - | −$932.0M | −$475.0M | −$120.0M | $11.5B |
| APH Dec | $1.8B | $2.2B | $2.1B | $4.4B | - |
| LRCX Jun | $2.6B | $4.7B | $4.3B | $5.4B | $4.9B |
| ADBE Nov | $7.4B | $6.9B | $7.9B | $9.9B | - |
| JBL Aug | $266.0M | $704.0M | $932.0M | $1.2B | $1.4B |
| CDW Dec | $1.2B | $1.5B | $1.2B | $1.1B | - |
| CTSH Dec | $2.2B | $2.0B | $1.8B | $2.6B | - |
| INTU Jul | $3.7B | $4.8B | $4.7B | $6.1B | $8.7B |
| Peer median | $2.4B | $2.2B | $2.1B | $4.4B | $6.8B |
FCF margin, FY2022 to FY2026
Free cash flow / revenue.
| Company | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| FLEX Mar | 2.4% | 1.1% | 3.0% | 4.1% | 3.8% |
| AMAT Oct | 17.9% | 28.6% | 27.6% | 20.1% | - |
| SNDK Jul | - | −15.3% | −7.1% | −1.6% | 56.8% |
| APH Dec | 14.2% | 17.2% | 14.1% | 19.0% | - |
| LRCX Jun | 14.8% | 26.8% | 28.6% | 29.4% | 21.1% |
| ADBE Nov | 42.0% | 35.8% | 36.6% | 41.4% | - |
| JBL Aug | 0.8% | 2.0% | 3.2% | 3.9% | 3.8% |
| CDW Dec | 5.1% | 6.8% | 5.5% | 4.9% | - |
| CTSH Dec | 11.5% | 10.4% | 9.3% | 12.3% | - |
| INTU Jul | 29.3% | 33.7% | 28.8% | 32.5% | 40.4% |
| Peer median | 14.5% | 17.2% | 14.1% | 19.0% | 30.7% |
Return on equity, FY2022 to FY2026
Net income / shareholders' equity at the year end.
| Company | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| FLEX Mar | 22.7% | 14.8% | 18.9% | 16.8% | 17.1% |
| AMAT Oct | 53.5% | 41.9% | 37.8% | 34.3% | - |
| SNDK Jul | - | −18.7% | −6.1% | −17.8% | 72.7% |
| APH Dec | 27.1% | 23.1% | 24.8% | 31.8% | - |
| LRCX Jun | 73.4% | 54.9% | 44.8% | 54.3% | 58.3% |
| ADBE Nov | 33.8% | 32.9% | 39.4% | 61.3% | - |
| JBL Aug | 40.6% | 28.5% | 79.9% | 43.4% | 64.6% |
| CDW Dec | 69.5% | 54.1% | 45.8% | 40.9% | - |
| CTSH Dec | 18.6% | 16.1% | 15.5% | 14.9% | - |
| INTU Jul | 12.6% | 13.8% | 16.1% | 19.6% | 24.0% |
| Peer median | 37.2% | 28.5% | 37.8% | 34.3% | 61.4% |
Debt / equity, FY2022 to FY2026
Total debt / shareholders' equity at the year end.
| Company | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| FLEX Mar | 1.02 | 0.69 | 0.61 | 0.74 | 0.73 |
| AMAT Oct | 0.45 | 0.34 | 0.37 | 0.32 | - |
| SNDK Jul | - | - | 0.00 | 0.20 | 0.00 |
| APH Dec | 0.65 | 0.52 | 0.70 | 1.16 | - |
| LRCX Jun | 0.79 | 0.60 | 0.58 | 0.45 | 0.30 |
| ADBE Nov | 0.29 | 0.22 | 0.29 | 0.53 | - |
| JBL Aug | 1.17 | 1.00 | 1.66 | 1.91 | 2.09 |
| CDW Dec | 3.69 | 2.76 | 2.48 | 2.16 | - |
| CTSH Dec | 0.05 | 0.05 | 0.06 | 0.04 | - |
| INTU Jul | 0.42 | 0.35 | 0.33 | 0.30 | 0.40 |
| Peer median | 0.55 | 0.44 | 0.37 | 0.45 | 0.35 |
EPS (diluted), FY2022 to FY2026
Diluted earnings per share, on today's share count after splits.
| Company | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| FLEX Mar | $1.94 | $1.72 | $2.28 | $2.11 | $2.33 |
| AMAT Oct | $7.44 | $8.11 | $8.61 | $8.66 | - |
| SNDK Jul | - | −$14.78 | −$4.63 | −$11.32 | $73.76 |
| APH Dec | $0.77 | $0.78 | $0.96 | $1.67 | - |
| LRCX Jun | $3.27 | $3.32 | $2.90 | $4.15 | $5.76 |
| ADBE Nov | $10.10 | $11.82 | $12.36 | $16.70 | - |
| JBL Aug | $6.90 | $6.02 | $11.17 | $5.92 | $9.75 |
| CDW Dec | $8.13 | $8.10 | $7.97 | $8.08 | - |
| CTSH Dec | $4.41 | $4.21 | $4.51 | $4.56 | - |
| INTU Jul | $7.28 | $8.42 | $10.43 | $13.67 | $16.46 |
| Peer median | $7.09 | $6.02 | $7.97 | $5.92 | $13.11 |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out FLEX and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more
Sources
Each company's 10-K, from SEC's XBRL company facts. Every number links to its filing in the Inline XBRL viewer.
Also
Financials: FLEX's own statements, year by year. Compare: the whole peer group on one page.
Work with it
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/FLEX/export.csv") into a cell.