FLEX NASDAQ
Flex Ltd.
1W: -12.1%
1M: -32.9%
3M: -32.0%
YTD: +20.9%
1Y: +20.5%
3Y: +210.9%
5Y: +303.9%
$83.35
+6.36 (+8.26%)
After Hours: $84.32 (+0.97, +1.16%)
Weekly Expected Move ±9.5%
$62
$69
$77
$84
$91
Credit Risk of going bust: higher than 66% of companies Debt: 17.3% of company value Bonds: $123.7M held by 188 funds, 90 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.85 (down 98%), Flex Ltd. would be worth roughly what it owes.
Total debt $5.93B against a stock market value of $28.44B.
Distance to default 3.70 (Merton model): prices to 2026-10-26, balance sheet 2026-06-26, debt counted $2.61B (short-term plus half of long-term), stock volatility 68.2%; Altman Z 2.59. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.85 (down 98%), Flex Ltd. would be worth roughly what it owes.
Total debt $5.93B against a stock market value of $28.44B.
Distance to default 3.70 (Merton model): prices to 2026-10-26, balance sheet 2026-06-26, debt counted $2.61B (short-term plus half of long-term), stock volatility 68.2%; Altman Z 2.59. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$1.7B
+12.0% ▲
5Y CAGR: +63.5%
Capital Expenditures
$633M
-44.5% ▼
5Y CAGR: +12.5%
Free Cash Flow
$1.1B
-1.4% ▼
Dividends Paid
$0
+0.0% ▲
Buybacks
$944M
+24.9% ▲
Net Change in Cash
$100M
+154.1% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $936M | $1.0B | $1.2B | $838M | $880M |
| Depreciation & Amort. | $484M | $501M | $537M | $539M | $563M |
| Stock-Based Comp. | $91M | $133M | $152M | $125M | $142M |
| Change in Working Capital | -$516M | -$615M | -$251M | -$165M | -$129M |
| Other Non-Cash Items | $73M | $90M | $123M | $145M | $228M |
| Operating Cash Flow | $1.0B | $950M | $1.3B | $1.5B | $1.7B |
| — Investing Activities — | |||||
| Capital Expenditures | -$443M | -$635M | -$530M | -$438M | -$633M |
| Acquisitions (Net) | -$539M | $4M | $12M | -$405M | -$32M |
| Investment Purchases | $0 | $0 | $0 | $0 | $0 |
| Investment Sales | $0 | $0 | $0 | $0 | $0 |
| Other Investing | $31M | $27M | $26M | $5M | -$7M |
| Investing Cash Flow | -$951M | -$604M | -$492M | -$838M | -$672M |
| — Financing Activities — | |||||
| Net Debt Issuance | $475M | -$306M | -$407M | $441M | $34M |
| Stock Repurchased | -$686M | -$337M | -$1.3B | -$1.3B | -$944M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing | $3M | $645M | $49M | -$5M | -$14M |
| Financing Cash Flow | $280M | $2M | -$1.7B | -$821M | -$924M |
| Net Change in Cash | $327M | $330M | -$820M | -$185M | $100M |
| Cash End of Period | $3.0B | $3.3B | $2.5B | $2.3B | $2.4B |
| Free Cash Flow | $581M | $315M | $796M | $1.1B | $1.1B |