Flex Past Earnings Performance
Past criteria checks 2/6
Flex has been growing earnings at an average annual rate of 39%, while the Electronic industry saw earnings growing at 14.3% annually. Revenues have been growing at an average rate of 4.2% per year. Flex's return on equity is 18.8%, and it has net margins of 2.6%.
Key information
39.0%
Earnings growth rate
41.0%
EPS growth rate
| Electronic Industry Growth | 15.3% |
| Revenue growth rate | 4.2% |
| Return on equity | 18.8% |
| Net Margin | 2.6% |
| Next Earnings Update | 01 May 2024 |
Recent past performance updates
Recent updates
Flex (NASDAQ:FLEX) Has A Pretty Healthy Balance Sheet
Apr 06
Flex 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 09Should You Investigate Flex Ltd. (NASDAQ:FLEX) At US$21.48?
Dec 25Flex (NASDAQ:FLEX) Has A Somewhat Strained Balance Sheet
Dec 07Flex (NASDAQ:FLEX) Is Looking To Continue Growing Its Returns On Capital
Nov 24An Intrinsic Calculation For Flex Ltd. (NASDAQ:FLEX) Suggests It's 37% Undervalued
Nov 10Is Flex Ltd. (NASDAQ:FLEX) Potentially Undervalued?
Sep 19Flex (NASDAQ:FLEX) Hasn't Managed To Accelerate Its Returns
Aug 21Flex: Shares Are Cheap Following Another Earnings Beat
Aug 02Is Flex (NASDAQ:FLEX) A Risky Investment?
Jul 24Is It Time To Consider Buying Flex Ltd. (NASDAQ:FLEX)?
Jun 13Flex (NASDAQ:FLEX) Hasn't Managed To Accelerate Its Returns
May 17Flex: Deeply Discounted Industry Leader With A Potential Spinoff Catalyst
May 02Flex (NASDAQ:FLEX) Takes On Some Risk With Its Use Of Debt
Apr 20Does Flex (NASDAQ:FLEX) Deserve A Spot On Your Watchlist?
Mar 23Why Flex Ltd. (NASDAQ:FLEX) Could Be Worth Watching
Mar 08The Return Trends At Flex (NASDAQ:FLEX) Look Promising
Feb 16Revenue & Expenses BreakdownBeta
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 |
|---|---|---|---|---|
| 31 Dec 23 | 29,387 | 753 | 1,072 | 0 |
| 29 Sep 23 | 30,040 | 786 | 1,051 | 0 |
| 30 Jun 23 | 30,335 | 790 | 1,024 | 0 |
| 31 Mar 23 | 30,346 | 793 | 995 | 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 | 26,041 | 936 | 892 | 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 |
| 27 Sep 13 | 23,620 | 183 | 859 | 0 |
| 28 Jun 13 | 23,385 | 225 | 833 | 0 |
Quality Earnings: FLEX has high quality earnings.
Growing Profit Margin: FLEX's current net profit margins (2.6%) are lower than last year (2.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FLEX's earnings have grown significantly by 39% per year over the past 5 years.
Accelerating Growth: FLEX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FLEX had negative earnings growth (-7.9%) over the past year, making it difficult to compare to the Electronic industry average (-5.7%).
Return on Equity
High ROE: FLEX's Return on Equity (18.8%) is considered low.