Flex Past Earnings Performance
Past criteria checks 4/6
Flex has been growing earnings at an average annual rate of 18.4%, while the Electronic industry saw earnings growing at 13.7% annually. Revenues have been growing at an average rate of 2.7% per year. Flex's return on equity is 17.5%, and it has net margins of 3.3%.
Key information
18.4%
Earnings growth rate
21.3%
EPS growth rate
| Electronic Industry Growth | 15.3% |
| Revenue growth rate | 2.7% |
| Return on equity | 17.5% |
| Net Margin | 3.3% |
| Last Earnings Update | 27 Sep 2024 |
Recent past performance updates
Recent updates
A Look At The Fair Value Of Flex Ltd. (NASDAQ:FLEX)
Oct 24
Does Flex (NASDAQ:FLEX) Have A Healthy Balance Sheet?
Oct 09Flex Is Not Cheap Amid Geopolitical And Innovation Risks
Oct 01Is It Too Late To Consider Buying Flex Ltd. (NASDAQ:FLEX)?
Sep 13We Think Flex's (NASDAQ:FLEX) Solid Earnings Are Understated
Aug 03Shareholders May Not Be So Generous With Flex Ltd.'s (NASDAQ:FLEX) CEO Compensation And Here's Why
Aug 01Flex Ltd. (NASDAQ:FLEX) Shares Could Be 30% Below Their Intrinsic Value Estimate
Jul 11Flex Provides Exposure To 2 Verticals That Have Strong Secular Tailwinds
Jul 02Why We're Not Concerned About Flex Ltd.'s (NASDAQ:FLEX) Share Price
Jun 21Flex (NASDAQ:FLEX) Has A Pretty Healthy Balance Sheet
Apr 06Flex Ltd.: Undervalued With Solid Fundamentals
Apr 04Flex: Growth Potential After The Nextracker Spin-Off
Jan 20Flex (NASDAQ:FLEX) Might Have The Makings Of A Multi-Bagger
Dec 10Is Now An Opportune Moment To Examine Flex Ltd. (NASDAQ:FLEX)?
Nov 27Calculating The Fair Value Of Flex Ltd. (NASDAQ:FLEX)
Oct 15Is Flex (NASDAQ:FLEX) Using Too Much Debt?
Oct 02Flex's (NASDAQ:FLEX) Returns On Capital Are Heading Higher
Aug 27When Should You Buy Flex Ltd. (NASDAQ:FLEX)?
Jul 04Does Flex (NASDAQ:FLEX) Have A Healthy Balance Sheet?
Jun 20Returns At Flex (NASDAQ:FLEX) Are On The Way Up
May 24Are Investors Undervaluing Flex Ltd. (NASDAQ:FLEX) By 32%?
May 10When Should You Buy Flex Ltd. (NASDAQ:FLEX)?
Mar 29Is Flex (NASDAQ:FLEX) Using Too Much Debt?
Mar 16There's Been No Shortage Of Growth Recently For Flex's (NASDAQ:FLEX) Returns On Capital
Feb 22Estimating The Fair Value Of Flex Ltd. (NASDAQ:FLEX)
Feb 09Revenue & Expenses Breakdown
How Flex 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 |
|---|---|---|---|---|
| 27 Sep 24 | 25,449 | 841 | 895 | 0 |
| 28 Jun 24 | 25,837 | 650 | 900 | 0 |
| 31 Mar 24 | 26,415 | 633 | 922 | 0 |
| 31 Dec 23 | 26,561 | 134 | 865 | 0 |
| 29 Sep 23 | 27,214 | 167 | 844 | 0 |
| 30 Jun 23 | 28,047 | 376 | 868 | 0 |
| 31 Mar 23 | 28,502 | 443 | 874 | 0 |
| 31 Dec 22 | 29,720 | 818 | 983 | 0 |
| 30 Sep 22 | 28,583 | 815 | 964 | 0 |
| 01 Jul 22 | 27,046 | 919 | 932 | 0 |
| 31 Mar 22 | 24,633 | 868 | 830 | 0 |
| 31 Dec 21 | 25,456 | 1,009 | 837 | 0 |
| 01 Oct 21 | 25,557 | 990 | 847 | 0 |
| 02 Jul 21 | 25,313 | 767 | 827 | 0 |
| 31 Mar 21 | 24,124 | 613 | 817 | 0 |
| 31 Dec 20 | 23,343 | 422 | 819 | 0 |
| 25 Sep 20 | 23,084 | 325 | 803 | 0 |
| 26 Jun 20 | 23,187 | 95 | 815 | 0 |
| 31 Mar 20 | 24,210 | 88 | 834 | 0 |
| 31 Dec 19 | 24,951 | -25 | 863 | 0 |
| 27 Sep 19 | 25,413 | -182 | 883 | 0 |
| 28 Jun 19 | 25,987 | 22 | 900 | 0 |
| 31 Mar 19 | 26,211 | 93 | 953 | 0 |
| 31 Dec 18 | 26,395 | 138 | 970 | 0 |
| 28 Sep 18 | 26,224 | 302 | 979 | 0 |
| 29 Jun 18 | 25,832 | 420 | 1,031 | 0 |
| 31 Mar 18 | 25,441 | 429 | 1,019 | 0 |
| 31 Dec 17 | 24,893 | 535 | 995 | 0 |
| 29 Sep 17 | 24,256 | 546 | 979 | 0 |
| 30 Jun 17 | 23,994 | 339 | 949 | 0 |
| 31 Mar 17 | 23,863 | 320 | 937 | 0 |
| 31 Dec 16 | 23,773 | 294 | 942 | 0 |
| 30 Sep 16 | 24,421 | 313 | 951 | 0 |
| 01 Jul 16 | 24,729 | 439 | 924 | 0 |
| 31 Mar 16 | 24,419 | 444 | 894 | 0 |
| 31 Dec 15 | 24,598 | 518 | 881 | 0 |
| 25 Sep 15 | 24,860 | 522 | 857 | 0 |
| 26 Jun 15 | 25,071 | 538 | 845 | 0 |
| 31 Mar 15 | 26,148 | 601 | 844 | 0 |
| 31 Dec 14 | 26,920 | 509 | 844 | 0 |
| 26 Sep 14 | 27,079 | 501 | 852 | 0 |
| 27 Jun 14 | 26,960 | 480 | 866 | 0 |
| 31 Mar 14 | 26,109 | 366 | 875 | 0 |
| 31 Dec 13 | 24,680 | 273 | 877 | 0 |
Quality Earnings: FLEX has a large one-off loss of $192.0M impacting its last 12 months of financial results to 27th September, 2024.
Growing Profit Margin: FLEX's current net profit margins (3.3%) are higher than last year (0.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FLEX has become profitable over the past 5 years, growing earnings by 18.4% per year.
Accelerating Growth: FLEX's earnings growth over the past year (390.1%) exceeds its 5-year average (18.4% per year).
Earnings vs Industry: FLEX earnings growth over the past year (390.1%) exceeded the Electronic industry -1.8%.
Return on Equity
High ROE: FLEX's Return on Equity (17.5%) is considered low.