Flexsteel Inds Financials
This page shows Flexsteel Inds (FLXS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Inventory normalization and cost discipline converted a post-spike furniture slowdown into stronger margins, cash generation, and liquidity.
By the latest year, free cash flow margin reached7.7% even though revenue was still below its earlier peak, showing the recovery came from margin repair and working-capital release rather than a full demand rebound. That shift is visible in inventory falling to$89.1M while cash climbed to$40.0M , turning a prior stock build into liquidity.
Gross margin expansion from the downturn level of
The balance sheet now looks more self-funded: cash reached
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Flexsteel Inds's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Flexsteel Inds has an operating margin of 6.0%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is up from 4.1% the prior year.
Flexsteel Inds's revenue grew 6.9% year-over-year to $441.1M, a solid pace of expansion. This earns a growth score of 43/100.
Flexsteel Inds carries a low D/E ratio of 0.68, meaning only $0.68 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.
Flexsteel Inds's current ratio of 2.78 indicates adequate short-term liquidity, earning a score of 53/100. The company can meet its near-term obligations, though with limited headroom.
Flexsteel Inds has a free cash flow margin of 7.6%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.
Flexsteel Inds's ROE of 12.0% shows moderate profitability relative to equity, earning a score of 34/100. This is up from 7.0% the prior year.
Flexsteel Inds scores 4.46, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Flexsteel Inds passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Flexsteel Inds generates $1.83 in operating cash flow ($37.0M OCF vs $20.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Flexsteel Inds earns $380.2 in operating income for every $1 of interest expense ($26.6M vs $70K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Flexsteel Inds generated $441.1M in revenue in fiscal year 2025. This represents an increase of 6.9% from the prior year.
Flexsteel Inds's EBITDA was $30.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 43.6% from the prior year.
Flexsteel Inds reported $20.2M in net income in fiscal year 2025. This represents an increase of 91.4% from the prior year.
Flexsteel Inds earned $3.55 per diluted share (EPS) in fiscal year 2025. This represents an increase of 85.9% from the prior year.
Cash & Balance Sheet
Flexsteel Inds generated $33.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 24.4% from the prior year.
Flexsteel Inds held $40.0M in cash against $0 in long-term debt as of fiscal year 2025.
Flexsteel Inds paid $0.71 per share in dividends in fiscal year 2025. This represents an increase of 18.3% from the prior year.
Flexsteel Inds had 5M shares outstanding in fiscal year 2025. This represents an increase of 2.1% from the prior year.
Margins & Returns
Flexsteel Inds's gross margin was 22.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.
Flexsteel Inds's operating margin was 6.0% in fiscal year 2025, reflecting core business profitability. This is up 1.9 percentage points from the prior year.
Flexsteel Inds's net profit margin was 4.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.
Flexsteel Inds's ROE was 12.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.0 percentage points from the prior year.
Capital Allocation
Flexsteel Inds invested $2.1M in research and development in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Flexsteel Inds invested $3.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 31.7% from the prior year.
FLXS Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $115.1M-2.6% | $118.2M+7.1% | $110.4M-3.6% | $114.6M+0.6% | $114.0M+5.1% | $108.5M+4.3% | $104.0M-6.1% | $110.8M |
| Cost of Revenue | $89.1M-2.6% | $91.4M+8.2% | $84.5M | N/A | $88.6M+3.5% | $85.7M+4.9% | $81.6M | N/A |
| Gross Profit | $26.0M-2.9% | $26.8M+3.4% | $25.9M-5.4% | $27.4M+8.3% | $25.3M+11.1% | $22.8M+2.0% | $22.4M-5.1% | $23.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $17.8M0.0% | $17.8M+5.1% | $17.0M | N/A | $17.1M+5.7% | $16.1M-1.1% | $16.3M | N/A |
| Operating Income | $8.2M-8.6% | $9.0M+0.1% | $9.0M-35.7% | $14.0M+376.2% | -$5.1M-143.4% | $11.7M+92.7% | $6.0M-20.4% | $7.6M |
| Interest Expense | N/A | $0 | $0 | N/A | $0+100.0% | -$19K-137.3% | $51K | N/A |
| Income Tax | $2.1M-21.0% | $2.7M+31.9% | $2.1M | N/A | -$1.2M-146.6% | $2.6M+40.7% | $1.9M | N/A |
| Net Income | $6.4M-3.0% | $6.6M-9.3% | $7.3M-31.5% | $10.7M+386.0% | -$3.7M-141.3% | $9.1M+118.7% | $4.1M-15.9% | $4.9M |
| EPS (Diluted) | $1.14-3.4% | $1.18-9.9% | $1.31-30.7% | $1.89+366.2% | $-0.71-143.8% | $1.62+118.9% | $0.74-16.9% | $0.89 |
FLXS Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $290.2M0.0% | $290.2M+3.1% | $281.5M-0.4% | $282.5M+6.1% | $266.1M-2.0% | $271.5M+1.1% | $268.7M-2.1% | $274.5M |
| Current Assets | $200.5M+6.3% | $188.6M+7.5% | $175.4M+1.7% | $172.4M+9.8% | $156.9M+5.3% | $149.1M-1.7% | $151.6M-2.4% | $155.4M |
| Cash & Equivalents | $57.3M+55.8% | $36.8M-4.7% | $38.6M-3.6% | $40.0M+76.8% | $22.6M+92.0% | $11.8M+105.4% | $5.7M+20.6% | $4.8M |
| Inventory | $80.6M-15.3% | $95.1M+9.3% | $87.0M-2.4% | $89.1M+2.3% | $87.1M-4.3% | $91.0M-5.1% | $95.9M-0.7% | $96.6M |
| Accounts Receivable | $41.5M-0.9% | $41.8M+18.7% | $35.2M0.0% | $35.2M-8.4% | $38.5M+5.9% | $36.3M-8.0% | $39.5M-10.8% | $44.2M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $104.9M-5.8% | $111.3M+1.9% | $109.3M-4.7% | $114.6M+6.1% | $108.0M-1.5% | $109.6M-3.9% | $114.0M-8.1% | $124.1M |
| Current Liabilities | $58.2M-7.0% | $62.6M+7.1% | $58.5M-5.7% | $62.0M+15.9% | $53.5M+5.2% | $50.9M-4.6% | $53.3M-11.7% | $60.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $185.3M+3.6% | $178.9M+3.9% | $172.2M+2.6% | $167.9M+6.2% | $158.1M-2.3% | $161.9M+4.7% | $154.7M+2.9% | $150.4M |
| Retained Earnings | $207.6M+2.6% | $202.2M+2.8% | $196.7M+3.3% | $190.4M+5.3% | $180.8M-2.5% | $185.5M+4.6% | $177.3M+1.9% | $174.1M |
FLXS Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $22.1M+2092.1% | $1.0M-75.5% | $4.1M-73.7% | $15.6M+27.4% | $12.3M+83.2% | $6.7M+179.1% | $2.4M-68.1% | $7.5M |
| Capital Expenditures | $440K-74.7% | $1.7M+28.4% | $1.4M+138.9% | $568K-58.1% | $1.4M+49.5% | $907K+112.4% | $427K+3.9% | $411K |
| Free Cash Flow | $21.6M+3043.4% | -$735K-126.7% | $2.8M-81.7% | $15.1M+38.1% | $10.9M+88.5% | $5.8M+193.6% | $2.0M-72.3% | $7.1M |
| Investing Cash Flow | -$429K+75.3% | -$1.7M-28.1% | -$1.4M-139.6% | $3.4M+756.9% | -$522K-109.0% | $5.8M+696.3% | $728K-80.7% | $3.8M |
| Financing Cash Flow | -$1.1M-4.6% | -$1.1M+74.1% | -$4.2M-148.2% | -$1.7M-88.0% | -$895K+86.1% | -$6.4M-200.0% | -$2.1M+80.7% | -$11.1M |
| Dividends Paid | $1.1M+0.7% | $1.1M-6.7% | $1.1M+27.3% | $901K+0.7% | $895K+1.0% | $886K+1.4% | $874K+13.1% | $773K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FLXS Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.6%-0.1pp | 22.7%-0.8pp | 23.5%-0.5pp | 23.9%+1.7pp | 22.2%+1.2pp | 21.0%-0.5pp | 21.5%+0.2pp | 21.3% |
| Operating Margin | 7.1%-0.5pp | 7.6%-0.5pp | 8.1%-4.0pp | 12.2%+16.6pp | -4.4%-15.2pp | 10.7%+4.9pp | 5.8%-1.0pp | 6.9% |
| Net Margin | 5.6%-0.0pp | 5.6%-1.0pp | 6.6%-2.7pp | 9.3%+12.6pp | -3.3%-11.6pp | 8.3%+4.4pp | 4.0%-0.5pp | 4.4% |
| Return on Equity | 3.5%-0.2pp | 3.7%-0.5pp | 4.3%-2.1pp | 6.4%+8.8pp | -2.4%-8.0pp | 5.6%+2.9pp | 2.7%-0.6pp | 3.3% |
| Return on Assets | 2.2%-0.1pp | 2.3%-0.3pp | 2.6%-1.2pp | 3.8%+5.2pp | -1.4%-4.7pp | 3.3%+1.8pp | 1.5%-0.2pp | 1.8% |
| Current Ratio | 3.44+0.4 | 3.01+0.0 | 3.00+0.2 | 2.78-0.2 | 2.930.0 | 2.93+0.1 | 2.84+0.3 | 2.57 |
| Debt-to-Equity | 0.57-0.1 | 0.62-0.0 | 0.63-0.0 | 0.680.0 | 0.680.0 | 0.68-0.1 | 0.74-0.1 | 0.83 |
| FCF Margin | 18.8%+19.4pp | -0.6%-3.1pp | 2.5%-10.6pp | 13.1%+3.6pp | 9.6%+4.2pp | 5.3%+3.4pp | 1.9%-4.5pp | 6.4% |
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Frequently Asked Questions
What is Flexsteel Inds's annual revenue?
Flexsteel Inds (FLXS) reported $441.1M in total revenue for fiscal year 2025. This represents a 6.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Flexsteel Inds's revenue growing?
Flexsteel Inds (FLXS) revenue grew by 6.9% year-over-year, from $412.8M to $441.1M in fiscal year 2025.
Is Flexsteel Inds profitable?
Yes, Flexsteel Inds (FLXS) reported a net income of $20.2M in fiscal year 2025, with a net profit margin of 4.6%.
What is Flexsteel Inds's EBITDA?
Flexsteel Inds (FLXS) had EBITDA of $30.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Flexsteel Inds's gross margin?
Flexsteel Inds (FLXS) had a gross margin of 22.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Flexsteel Inds's operating margin?
Flexsteel Inds (FLXS) had an operating margin of 6.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Flexsteel Inds's net profit margin?
Flexsteel Inds (FLXS) had a net profit margin of 4.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Flexsteel Inds pay dividends?
Yes, Flexsteel Inds (FLXS) paid $0.71 per share in dividends during fiscal year 2025.
What is Flexsteel Inds's return on equity (ROE)?
Flexsteel Inds (FLXS) has a return on equity of 12.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Flexsteel Inds's free cash flow?
Flexsteel Inds (FLXS) generated $33.7M in free cash flow during fiscal year 2025. This represents a 24.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Flexsteel Inds's operating cash flow?
Flexsteel Inds (FLXS) generated $37.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Flexsteel Inds's total assets?
Flexsteel Inds (FLXS) had $282.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Flexsteel Inds's capital expenditures?
Flexsteel Inds (FLXS) invested $3.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Flexsteel Inds spend on research and development?
Flexsteel Inds (FLXS) invested $2.1M in research and development during fiscal year 2025.
What is Flexsteel Inds's current ratio?
Flexsteel Inds (FLXS) had a current ratio of 2.78 as of fiscal year 2025, which is generally considered healthy.
What is Flexsteel Inds's debt-to-equity ratio?
Flexsteel Inds (FLXS) had a debt-to-equity ratio of 0.68 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Flexsteel Inds's return on assets (ROA)?
Flexsteel Inds (FLXS) had a return on assets of 7.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Flexsteel Inds's Altman Z-Score?
Flexsteel Inds (FLXS) has an Altman Z-Score of 4.46, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Flexsteel Inds's Piotroski F-Score?
Flexsteel Inds (FLXS) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Flexsteel Inds's earnings high quality?
Flexsteel Inds (FLXS) has an earnings quality ratio of 1.83x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Flexsteel Inds cover its interest payments?
Flexsteel Inds (FLXS) has an interest coverage ratio of 380.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Flexsteel Inds?
Flexsteel Inds (FLXS) scores 49 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.