Flexsteel Industries Past Earnings Performance
Past criteria checks 5/6
Flexsteel Industries has been growing earnings at an average annual rate of 24.8%, while the Consumer Durables industry saw earnings declining at 1.9% annually. Revenues have been declining at an average rate of 3% per year. Flexsteel Industries's return on equity is 16.8%, and it has net margins of 6.8%.
Key information
24.80%
Earnings growth rate
30.21%
EPS growth rate
| Consumer Durables Industry Growth | 24.52% |
| Revenue growth rate | -2.95% |
| Return on equity | 16.79% |
| Net Margin | 6.79% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Analysis Article • May 01
Flexsteel Industries' (NASDAQ:FLXS) Solid Profits Have Weak Fundamentals
Despite posting some strong earnings, the market for Flexsteel Industries, Inc.'s ( NASDAQ:FLXS ) stock hasn't moved...Analysis Article • Oct 30
Shareholders Can Be Confident That Flexsteel Industries' (NASDAQ:FLXS) Earnings Are High Quality
Flexsteel Industries, Inc.'s ( NASDAQ:FLXS ) earnings announcement last week was disappointing for investors, despite...Recent updates
Seeking Alpha • 17h
Flexsteel Industries: How A Massive Buyback Is Reshaping Stock Value
Summary Flexsteel Industries executed a transformative buyback, repurchasing 24% of shares at $47, catalyzing a projected 31% EPS increase even with flat earnings. FLXS demonstrates pricing power and margin resilience, with Q3 gross margin at 22.6% and new higher-margin products comprising 40–45% of sales. Despite sector headwinds, FLXS maintains stable revenue and outperforms peers, leveraging near-shoring in Mexico for supply chain and logistics advantages. I assign FLXS a Buy rating with a $99/share target, citing attractive valuation, operational discipline, and confidence signaled by the discounted buyback. Read the full article on Seeking AlphaAnalysis Article • Jun 27
Here's Why Flexsteel Industries (NASDAQ:FLXS) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Narrative Update • Jun 18
FLXS: Stable Assumptions And Dividend Support Will Drive Future Upside Potential
The analyst price target for Flexsteel Industries now stands at $70.50, essentially unchanged from the previous $70.50, with analysts citing relatively stable assumptions for the discount rate, revenue growth, profit margin and future P/E in their updated models. What’s in the News for Flexsteel Industries Flexsteel Industries declared a quarterly dividend of US$0.25 per share, payable on July 6, 2026, with an ex-dividend and record date of June 24, 2026.Narrative Update • Jun 03
FLXS: Stable Assumptions And Higher Future P/E Will Support Upside Potential
Analysts have kept their $70.50 price target for Flexsteel Industries unchanged, noting only very small tweaks to inputs such as the discount rate, revenue growth, profit margin, and future P/E assumptions in their updated work. What's in the News No recent company specific news or key developments for Flexsteel Industries have been identified in the provided sources.Narrative Update • May 15
FLXS: Higher Future P/E Assumption Will Support Further Upside Potential
Analysts now set a higher price target for Flexsteel Industries from $63.00 to $70.50, citing updated assumptions for slightly stronger revenue growth, modestly higher profit margins, a lower discount rate, and a higher future P/E multiple. Valuation Changes The Fair Value estimate increased from $63.00 to $70.50, a rise of about 11.9%.Analysis Article • May 01
Flexsteel Industries' (NASDAQ:FLXS) Solid Profits Have Weak Fundamentals
Despite posting some strong earnings, the market for Flexsteel Industries, Inc.'s ( NASDAQ:FLXS ) stock hasn't moved...Narrative Update • Apr 28
FLXS: Higher Future P/E Assumption Will Support Further Upside Potential
Analysts have raised the price target on Flexsteel Industries from $50.50 to $63.00, citing updated assumptions on the discount rate, revenue growth, profit margin, and future P/E, which together indicate a higher assessed fair value for the shares. What's in the News Flexsteel Industries reported that from October 1, 2025 to December 31, 2025, it repurchased 0 shares for $0 million under its existing buyback program, keeping the share count unchanged in that period (Key Developments).Narrative Update • Jan 27
FLXS: Steady Assumptions And Completed Buybacks Will Support Future Upside Potential
Narrative Update The analyst price target for Flexsteel Industries has been reaffirmed at US$50.50. Analysts point to essentially unchanged assumptions for revenue growth, profit margin, discount rate and forward P/E as the basis for maintaining their view.Narrative Update • Jan 12
FLXS: Completed Buybacks And Stable Assumptions Will Support Future Upside Potential
Narrative Update on Flexsteel Industries Analysts have kept their price target for Flexsteel Industries steady at US$50.50, citing broadly unchanged fair value, discount rate, revenue growth, profit margin and future P/E assumptions in their updated models. What's in the News From July 1, 2025 to September 30, 2025, Flexsteel Industries repurchased 31,026 shares for US$1.13 million, equal to 0.58% of the company.Narrative Update • Dec 25
FLXS: Future Margin Expansion And Buybacks Will Support Bullish Upside
Analysts have lifted their price target on Flexsteel Industries from 47 dollars to 50.50 dollars, citing expectations for faster revenue growth, improved profit margins, a slightly lower discount rate, and a more attractive future price to earnings multiple. What's in the News Completed a share repurchase of 31,026 shares, representing 0.58 percent of outstanding shares, between July 1, 2025 and September 30, 2025, for a total of 1.13 million dollars (company buyback filing).Narrative Update • Dec 11
FLXS: Ongoing Share Repurchases Will Support Solid Margins And Bullish Outlook
Narrative Update on Flexsteel Industries Analysts have maintained their fair value estimate for Flexsteel Industries at approximately 47.00 dollars per share, reflecting only modest tweaks to the discount rate and valuation assumptions rather than any fundamental change in the company outlook. What's in the News Completed repurchase of 31,026 shares, or 0.58% of outstanding stock, for 1.13 million dollars under the buyback program announced on December 11, 2024 (Key Developments).Narrative Update • Nov 27
FLXS: Share Repurchase Program And Solid Margins Will Sustain Positive Outlook
Narrative Update on Flexsteel Industries Analysts have maintained their price target for Flexsteel Industries at $47.00, reflecting continued confidence in the company’s steady performance and financial outlook. What's in the News Flexsteel Industries completed the repurchase of 31,026 shares, representing 0.58% of outstanding shares, for $1.13 million between July 1, 2025 and September 30, 2025 (Key Developments).Analysis Article • Nov 26
A Look At The Fair Value Of Flexsteel Industries, Inc. (NASDAQ:FLXS)
Key Insights The projected fair value for Flexsteel Industries is US$38.51 based on 2 Stage Free Cash Flow to Equity...Narrative Update • Nov 12
FLXS: Sales Guidance And Steady Margins Will Drive Momentum Ahead
Analysts have slightly raised their price target for Flexsteel Industries from $47.00 to $47.00. This reflects minimal adjustments to underlying model assumptions and continued confidence in the company’s steady forecast.Analysis Article • Oct 30
Shareholders Can Be Confident That Flexsteel Industries' (NASDAQ:FLXS) Earnings Are High Quality
Flexsteel Industries, Inc.'s ( NASDAQ:FLXS ) earnings announcement last week was disappointing for investors, despite...Narrative Update • Oct 29
Supply Chain Improvements And Strong Margins Will Drive Residential Upside
Narrative Update on Flexsteel Industries Analysts have maintained their fair value estimate for Flexsteel Industries at $47.00, citing small downward revisions to revenue growth and profit margin forecasts as reasons for keeping the price target unchanged. What's in the News Flexsteel Industries has provided earnings guidance for the first quarter of fiscal year 2026, expecting sales between $105 million and $110 million.Analysis Article • Oct 20
With EPS Growth And More, Flexsteel Industries (NASDAQ:FLXS) Makes An Interesting Case
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Oct 14
Ergonomic Design And Supply Chain Modernization Will Expand Residential Opportunity
Analysts have lowered their fair value estimate for Flexsteel Industries from $57 to $47. They cite slower expected revenue growth and decreased profit margins as key factors in the revision.Analysis Article • Oct 07
Investors Will Want Flexsteel Industries' (NASDAQ:FLXS) Growth In ROCE To Persist
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...Analysis Article • Aug 26
Flexsteel Industries, Inc.'s (NASDAQ:FLXS) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Despite an already strong run, Flexsteel Industries, Inc. ( NASDAQ:FLXS ) shares have been powering on, with a gain of...Narrative Update • Aug 21
Ergonomic Design And Supply Chain Modernization Will Expand Residential Opportunity
A notable improvement in Flexsteel Industries' net profit margin has outweighed slightly lower revenue growth forecasts, supporting the consensus analyst price target increase from $54.00 to $57.00. What's in the News Flexsteel Industries provided earnings guidance for Q1 FY2026, expecting sales of $105 million to $110 million and sales growth of 1% to 6%.Analysis Article • Jul 03
A Piece Of The Puzzle Missing From Flexsteel Industries, Inc.'s (NASDAQ:FLXS) 31% Share Price Climb
Flexsteel Industries, Inc. ( NASDAQ:FLXS ) shares have had a really impressive month, gaining 31% after a shaky period...Seeking Alpha • Apr 24
Flexsteel Q3: Tariff Uncertainty Weighs Too Much On Valuation (Rating Upgrade)
Summary Flexsteel Industries reported strong Q3 results, as sales growth again beat industry peers and Wall Street's consensus. Operating leverage surged earnings very well. The outlook is increasingly cloudy. Trump's 10% tariff is causing significant cost pressure on Flexsteel's external sourcing, and reciprocal tariffs, especially in Vietnam, could cause further pressure. Ultimately, Flexsteel still has a good amount of North American manufacturing, strong financial momentum, and a healthy balance sheet to navigate uncertainty. After the stock has crashed, I again estimate FLXS to be undervalued. I estimate a 44% upside to $46.0 despite lower financial expectations. Read the full article on Seeking AlphaAnalysis Article • Mar 07
Flexsteel Industries, Inc.'s (NASDAQ:FLXS) 35% Dip In Price Shows Sentiment Is Matching Earnings
Flexsteel Industries, Inc. ( NASDAQ:FLXS ) shareholders that were waiting for something to happen have been dealt a...Analysis Article • Feb 13
Impressive Earnings May Not Tell The Whole Story For Flexsteel Industries (NASDAQ:FLXS)
Flexsteel Industries, Inc. ( NASDAQ:FLXS ) just reported some strong earnings, and the market reacted accordingly with...Seeking Alpha • Feb 04
Flexsteel: Cyclical Recovery Continues, But Does Not Deserve A High Teens Multiple
Summary Flexsteel Industries, Inc.'s fiscal Q2 2025 results show 8.5% revenue growth and 45% operating income growth, driven by door penetration and big-box sales, despite gross margin challenges. Despite strong performance, Flexsteel's 16x earnings multiple is unjustified for a small, tariff-exposed, cyclical consumer discretionary company. I maintain a Hold rating. Gross margins fell 90bps, with most sales being 'empty calories' due to higher freight costs and competitive retail environments. FLXS stock's valuation remains too high, with a low 6% earnings yield and risks from cyclical earnings and potential tariff impacts. Read the full article on Seeking AlphaSeeking Alpha • Jan 06
Flexsteel's Turnaround Is Finally Priced In (Rating Downgrade)
Summary Flexsteel Industries' turnaround has continued as guided, with revenues growing well beyond market growth and margins expanding. The long-term performance still highlights caution. Making the performance especially impressive, the furnishings industry has remained incredibly weak. The industry could see a recovery over the mid term, aiding Flexsteel. After the significant stock rally, Flexsteel stock is finally fairly valued. Read the full article on Seeking AlphaAnalysis Article • Oct 28
Investors Appear Satisfied With Flexsteel Industries, Inc.'s (NASDAQ:FLXS) Prospects As Shares Rocket 30%
Flexsteel Industries, Inc. ( NASDAQ:FLXS ) shares have continued their recent momentum with a 30% gain in the last...Seeking Alpha • Oct 22
Flexsteel Reached A Year Of Cyclical Recovery, And The Stock Reaches Peak Optimism
Summary Flexsteel Industries, Inc.'s Q1 FY25 results showed 10% revenue growth, outperforming the furniture sector, but cyclical factors warrant a conservative valuation approach. Despite strong performance and market enthusiasm, Flexsteel's stock price at close to $60 is deemed overvalued, maintaining a Hold rating. Operating leverage and margin expansion are positive, but the stock's current valuation embeds extreme optimism and poses downside risks. Future growth is expected to moderate, and any deviation from high expectations could lead to significant stock price declines. Read the full article on Seeking Alpha
New Narrative • Sep 26
Innovative Strategies And Efficient Operations Propel Company Towards Market Expansion And Enhanced Profits
Flexsteel's focus on innovation and market expansion aims to drive revenue growth by entering new markets and developing products.Analysis Article • Sep 19
Flexsteel Industries (NASDAQ:FLXS) Could Easily Take On More Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Sep 03
Flexsteel's FY24 Was Great, But The Stock Is At Best Fairly Valued
Summary Flexsteel's 4Q24 results showed mid-single-digit topline growth and modest gross margin improvements, aligning with expectations and leveraging operating margins. Despite new management's growth initiatives, SG&A improvements are needed for better operating margins, and the stock price already reflects most upside potential. FY25 guidance remains steady with 2-6% sales growth and 6% operating margins, but muted growth expectations limit the stock's attractiveness. Current valuation is fair but not opportunistic, with an 8% earnings yield insufficient to meet my required return of 12-15%. Flexsteel remains a Hold. Read the full article on Seeking AlphaAnalysis Article • Aug 25
Why Investors Shouldn't Be Surprised By Flexsteel Industries, Inc.'s (NASDAQ:FLXS) P/E
With a price-to-earnings (or "P/E") ratio of 20.5x Flexsteel Industries, Inc. ( NASDAQ:FLXS ) may be sending bearish...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Flexsteel Industries makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 458 | 31 | 70 | 0 |
| 31 Dec 25 | 457 | 21 | 69 | 0 |
| 30 Sep 25 | 448 | 23 | 67 | 0 |
| 30 Jun 25 | 441 | 20 | 67 | 0 |
| 31 Mar 25 | 437 | 14 | 68 | 0 |
| 31 Dec 24 | 431 | 20 | 69 | 0 |
| 30 Sep 24 | 422 | 14 | 70 | 0 |
| 30 Jun 24 | 413 | 11 | 70 | 0 |
| 31 Mar 24 | 408 | 16 | 68 | 0 |
| 31 Dec 23 | 400 | 15 | 67 | 0 |
| 30 Sep 23 | 393 | 15 | 65 | 0 |
| 30 Jun 23 | 394 | 15 | 63 | 0 |
| 31 Mar 23 | 412 | 4 | 57 | 3 |
| 31 Dec 22 | 454 | 8 | 57 | 3 |
| 30 Sep 22 | 502 | -2 | 60 | 3 |
| 30 Jun 22 | 544 | 2 | 67 | 0 |
| 31 Mar 22 | 556 | 8 | 69 | 2 |
| 31 Dec 21 | 534 | 8 | 69 | 2 |
| 30 Sep 21 | 511 | 24 | 71 | 2 |
| 30 Jun 21 | 479 | 23 | 66 | 2 |
| 31 Mar 21 | 408 | -9 | 59 | 4 |
| 31 Dec 20 | 388 | -19 | 63 | 4 |
| 30 Sep 20 | 372 | -33 | 62 | 4 |
| 30 Jun 20 | 367 | -27 | 68 | 4 |
| 31 Mar 20 | 402 | -21 | 77 | 0 |
| 31 Dec 19 | 415 | -31 | 75 | 0 |
| 30 Sep 19 | 430 | -24 | 78 | 0 |
| 30 Jun 19 | 444 | -33 | 77 | 4 |
| 31 Mar 19 | 456 | -11 | 68 | 4 |
| 31 Dec 18 | 472 | 8 | 70 | 4 |
| 30 Sep 18 | 483 | 13 | 69 | 4 |
| 30 Jun 18 | 489 | 18 | 72 | 0 |
| 31 Mar 18 | 494 | 22 | 72 | 4 |
| 31 Dec 17 | 487 | 26 | 70 | 4 |
| 30 Sep 17 | 477 | 25 | 69 | 4 |
| 30 Jun 17 | 469 | 24 | 71 | 4 |
| 31 Mar 17 | 474 | 24 | 72 | 4 |
| 31 Dec 16 | 479 | 23 | 73 | 4 |
| 30 Sep 16 | 486 | 23 | 74 | 4 |
| 30 Jun 16 | 500 | 24 | 74 | 4 |
| 31 Mar 16 | 499 | 24 | 73 | 4 |
| 31 Dec 15 | 496 | 24 | 71 | 4 |
| 30 Sep 15 | 485 | 23 | 71 | 4 |
Quality Earnings: FLXS has high quality earnings.
Growing Profit Margin: FLXS's current net profit margins (6.8%) are higher than last year (3.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FLXS has become profitable over the past 5 years, growing earnings by 24.8% per year.
Accelerating Growth: FLXS's earnings growth over the past year (116.5%) exceeds its 5-year average (24.8% per year).
Earnings vs Industry: FLXS earnings growth over the past year (116.5%) exceeded the Consumer Durables industry -15.2%.
Return on Equity
High ROE: FLXS's Return on Equity (16.8%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/07 21:44 |
| End of Day Share Price | 2026/07/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Flexsteel Industries, Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Georgy Vashchenko | Freedom Broker |
| Balzhan Tleuzhanova | Freedom Broker |
| Anthony Lebiedzinski | Sidoti & Company, LLC |