Flex Ltd.

FLEXNASDAQTechnology● Active

$151.76

$-0.16(-0.11%)

Market Cap$55.6B

P/E Ratio—

52W High$166.86

52W Low$42.31

Avg Volume4.9M

Open$158.70

Beta1.64

Overview

Flex Ltd. (FLEX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FLEX · free cash flow · updated Jun 8, 2026

Core FCF metrics

FLEX · FCF · TTM · margin & CAGR

Free cash flow was $1.05B for FY2026 (fiscal year ending 2026-03-31), down 1.4% year-over-year The FCF margin was 3.8%.

FY2026 Free Cash Flow$1.05B▼ -1.4% YoY

Trailing 12M (TTM)$1.05Btrailing 4 quarters sum

FCF Margin3.8%$1.05B ÷ revenue

3-Year CAGR+49.5%FY2023 → FY2026

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FLEX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$1.69B(633M)$1.05B▼ 1.4%3.8%

FY2025$1.50B(438M)$1.07B▲ +34.0%4.1%

FY2024$1.33B(530M)$796.0M▲ +152.7%3.0%

FY2023$950.0M(635M)$315.0M▼ 45.8%1.1%

FY2022$1.02B(443M)$581.0M▲ +380.7%2.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FLEX · P/FCF · FCF yield · FCF per share

Flex Ltd. (FLEX) trades at a FCF yield of 1.89% and a price-to-free-cash-flow ratio of 54.0x. FCF per share stands at $2.81, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.89%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.81

TTM FCF ÷ Shares Outstanding

Price / FCF

x54.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x51.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-03-31

Cash flow statement summary

FLEX · cash flow statement · operating / investing / financing

For FY2026, Flex Ltd. generated $1.69B in operating cash flow and spent 633M in capital expenditures, yielding $1.05B in free cash flow.

Operating Activities

+$1.69B

Cash from core business operations

2026-03-31

Investing Activities

−$672.0M

CapEx, acquisitions & investments

2026-03-31

Financing Activities

−$924.0M

Buybacks, dividends & debt

2026-03-31

FCF FormulaOperating CF ($1.69B) − |CapEx| (633M) = FCF ($1.05B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

FLEX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Flex Ltd.YOU

FLEX

$1.05B-1.4%3.8%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Flex Ltd. (FLEX) reported free cash flow of $1.05B for FY2026 (fiscal year ending 2026-03-31), down 1.4% year-over-year. The FCF margin was 3.8%.

Based on available data, Flex Ltd. has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $1.07B in FY2025.

Flex Ltd.'s FCF yield is 1.89% and price-to-FCF ratio is 54.0x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FLEX free cash flow · 8 questions

Flex Ltd. free cash flow was $1.05B for FY2026, down 1.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.05B.

FLEX free cash flowFLEX FCFFLEX FCF 2026FLEX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Flex Ltd. · Flex Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026