NASDAQ : FLXS
Flexsteel Industries, Inc. — Financial statements
Consumer Discretionary · Furnishings, Fixtures & Appliances · United States
Last price 73.64 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 306.49M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Flexsteel Industries, Inc. (FLXS) reported revenue of 462.70M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 462.70M | 459.18M | 441.07M | 412.75M | 393.69M | 544.28M |
| Cost of Revenue | 350.12M | 345.74M | 343.13M | 325.51M | 322.75M | 471.60M |
| Gross Profit | 112.59M | 113.44M | 97.94M | 87.24M | 70.95M | 72.68M |
| Selling, General & Admin | 72.13M | 70.89M | 66.70M | 70.44M | 62.85M | 66.73M |
| Other Operating Expenses | 347.00K | |||||
| Operating Expenses | 72.13M | 70.89M | 66.70M | 70.44M | 63.19M | 66.73M |
| Operating Income | 40.46M | 42.55M | 31.25M | 16.80M | 7.75M | 5.95M |
| Interest Expense | -31.00K | -22.00K | -70.00K | -1.55M | -1.34M | -835.00K |
| Interest & Investment Income | 949.00K | 1.29M | 421.00K | 20.00K | 18.00K | |
| Other Non Operating Income (Expenses) | 121.00K | |||||
| EBT Excluding Unusual Items | 41.38M | 43.82M | 31.60M | 15.27M | 6.43M | 5.23M |
| Merger & Restructuring Charges | -2.98M | -730.00K | ||||
| Gain (Loss) on Sale of Assets | 9.45M | 3.26M | 1.40M | |||
| Asset Writedown | -14.08M | |||||
| Pretax Income | 41.38M | 43.82M | 26.97M | 15.55M | 9.22M | 5.90M |
| Income Tax Expense | 10.15M | 10.69M | 6.81M | 5.02M | -5.56M | 4.05M |
| Net Income | 31.23M | 33.13M | 20.15M | 10.53M | 14.78M | 1.85M |
| Net Income to Common | 31.23M | 33.13M | 20.15M | 10.53M | 14.78M | 1.85M |
| Shares Outstanding (Basic) | 4.83M | 5.12M | 5.25M | 5.17M | 5.22M | 6.33M |
| Shares Outstanding (Diluted) | 5.15M | 5.46M | 5.68M | 5.52M | 5.38M | 6.50M |
| EPS (Basic) | 6.47 | 6.46 | 3.84 | 2.04 | 2.83 | 0.29 |
| EPS (Diluted) | 6.06 | 6.07 | 3.55 | 1.91 | 2.74 | 0.28 |
| Free Cash Flow | 42.39M | 47.58M | 33.72M | 27.11M | 18.20M | 4.14M |
| Free Cash Flow Per Share | 8.23 | 8.72 | 5.94 | 4.91 | 3.38 | 0.64 |
| Dividend Per Share | 0.90 | 0.85 | 0.71 | 0.60 | 0.60 | 0.60 |
| Gross Margin | 24.33% | 24.70% | 22.21% | 21.14% | 18.02% | 13.35% |
| Operating Margin | 8.74% | 9.27% | 7.08% | 4.07% | 1.97% | 1.09% |
| Profit Margin | 6.75% | 7.22% | 4.57% | 2.55% | 3.75% | 0.34% |
| Free Cash Flow Margin | 9.16% | 10.36% | 7.65% | 6.57% | 4.62% | 0.76% |
| EBITDA | 44.55M | 46.38M | 34.90M | 20.80M | 12.33M | 11.12M |
| EBITDA Margin | 9.63% | 10.10% | 7.91% | 5.04% | 3.13% | 2.04% |
| D&A For EBITDA | 4.09M | 3.83M | 3.65M | 4.00M | 4.57M | 5.17M |
| EBIT | 40.46M | 42.55M | 31.25M | 16.80M | 7.75M | 5.95M |
| EBIT Margin | 8.74% | 9.27% | 7.08% | 4.07% | 1.97% | 1.09% |
| Effective Tax Rate | 24.53% | 24.39% | 25.26% | 32.30% | 68.61% | |
| Advertising Expenses | 5.50M | 3.40M | 5.90M | 5.10M | 5.80M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.41M | 16.68M | 40.01M | 4.76M | 3.37M | 2.18M |
| Cash & Short-Term Investments | 4.41M | 16.68M | 40.01M | 4.76M | 3.37M | 2.18M |
| Receivables | 41.52M | 42.66M | 35.23M | 44.24M | 38.17M | 41.11M |
| Inventory | 92.78M | 90.59M | 89.14M | 96.58M | 122.08M | 141.21M |
| Other Current Assets | 9.74M | 8.44M | 8.00M | 9.80M | 7.03M | 5.57M |
| Total Current Assets | 148.45M | 158.37M | 172.37M | 155.38M | 170.64M | 190.07M |
| Property, Plant & Equipment | 69.75M | 71.64M | 77.76M | 98.15M | 106.95M | 76.73M |
| Long-Term Deferred Tax Assets | 7.89M | 7.93M | 12.44M | 8.61M | 7.15M | |
| Other Long-Term Assets | 16.42M | 16.06M | 19.91M | 12.33M | 5.81M | 1.94M |
| Total Assets | 242.51M | 254.01M | 282.49M | 274.46M | 290.55M | 268.74M |
| Accounts Payable | 36.09M | 36.24M | 25.62M | 25.83M | 24.75M | 32.15M |
| Accrued Expenses | 17.68M | 28.82M | 25.07M | 24.71M | 21.14M | 19.56M |
| Current Portion of Leases | 8.54M | 8.40M | 7.81M | 7.52M | 7.18M | 6.36M |
| Current Income Taxes Payable | 1.34M | 362.00K | 1.51M | |||
| Other Current Liabilities | 5.64M | 2.21M | 2.17M | 1.99M | 2.04M | 5.04M |
| Total Current Liabilities | 67.96M | 75.67M | 62.01M | 60.41M | 55.10M | 64.63M |
| Long-Term Debt | 4.82M | 28.27M | 37.74M | |||
| Long-Term Leases | 41.31M | 43.50M | 51.56M | 58.08M | 64.97M | 33.99M |
| Other Long-Term Liabilities | 1.19M | 1.35M | 1.05M | 791.00K | 577.00K | 823.00K |
| Total Liabilities | 110.45M | 120.51M | 114.62M | 124.09M | 148.93M | 137.18M |
| Common Stock | 8.72M | 8.63M | 8.51M | 8.41M | 8.29M | 8.19M |
| Additional Paid-In Capital | 37.40M | 41.11M | 40.64M | 39.57M | 36.60M | 34.47M |
| Retained Earnings | 223.61M | 219.23M | 190.44M | 174.12M | 166.80M | 155.28M |
| Treasury Stock | -137.66M | -135.48M | -71.73M | -71.73M | -70.07M | -66.37M |
| Shareholders' Equity | 132.06M | 133.50M | 167.86M | 150.37M | 141.62M | 131.56M |
| Total Liabilities & Equity | 242.51M | 254.01M | 282.49M | 274.46M | 290.55M | 268.74M |
| Total Debt | 49.84M | 51.90M | 59.37M | 70.42M | 100.43M | 78.09M |
| Net Cash (Debt) | -45.44M | -35.22M | -19.36M | -65.65M | -97.06M | -75.91M |
| Net Cash Per Share | -8.83 | -6.45 | -3.41 | -11.90 | -18.02 | -11.67 |
| Filing Date Shares Outstanding | 4.16M | 4.09M | 5.28M | 5.20M | 5.16M | 5.30M |
| Total Common Shares Outstanding | 4.17M | 4.11M | 5.31M | 5.20M | 5.17M | 5.30M |
| Working Capital | 80.50M | 82.71M | 110.36M | 94.97M | 115.54M | 125.44M |
| Book Value Per Share | 31.70 | 32.50 | 31.63 | 28.92 | 27.37 | 24.82 |
| Tangible Book Value | 132.06M | 133.50M | 167.86M | 150.37M | 141.62M | 131.56M |
| Tangible Book Value Per Share | 31.70 | 32.50 | 31.63 | 28.92 | 27.37 | 24.82 |
| Land | 3.17M | 3.17M | 3.23M | 3.46M | 3.46M | |
| Buildings | 39.07M | 38.45M | 41.97M | 49.13M | 49.11M | |
| Machinery | 26.85M | 25.77M | 26.66M | 26.34M | 24.26M | |
| Construction In Progress | 843.00K | 3.30M | 1.44M | 4.23M | 3.02M | |
| Order Backlog | 70.11M | 66.47M | 59.54M | 49.73M | 62.80M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 31.23M | 33.13M | 20.15M | 10.53M | 14.78M | 1.85M |
| Depreciation & Amortization | 4.09M | 3.83M | 3.65M | 4.00M | 4.57M | 5.17M |
| Loss (Gain) From Sale of Assets | 77.00K | 92.00K | -9.45M | -2.84M | -313.00K | -1.78M |
| Asset Writedown & Restructuring Costs | 14.08M | |||||
| Stock-Based Compensation | 4.50M | 4.55M | 3.87M | 4.65M | 3.19M | 1.02M |
| Provision & Write-off of Bad Debts | 132.00K | 168.00K | -244.00K | -160.00K | -380.00K | -260.00K |
| Other Operating Activities | 1.65M | 4.52M | -3.84M | -1.45M | -7.15M | |
| Change in Accounts Receivable | -6.41M | -7.60M | 9.25M | -5.91M | 3.32M | 15.14M |
| Change in Inventory | -5.81M | -1.46M | 7.44M | 25.50M | 19.14M | 19.91M |
| Change in Accounts Payable | 7.52M | 10.86M | -579.00K | 1.37M | -7.32M | -35.81M |
| Change in Other Net Operating Assets | 8.96M | 3.43M | -7.37M | -3.80M | -6.84M | 2.75M |
| Operating Cash Flow | 45.94M | 51.52M | 36.98M | 31.88M | 22.99M | 7.99M |
| Capital Expenditures | -3.55M | -3.94M | -3.26M | -4.77M | -4.79M | -3.85M |
| Sale of Property, Plant & Equipment | 36.00K | 21.00K | 11.54M | 4.18M | 340.00K | 1.94M |
| Investment in Securities | 1.16M | |||||
| Investing Cash Flow | -3.51M | -3.92M | 9.43M | -593.00K | -4.45M | -1.92M |
| Long-Term Debt Issued | 9.00M | 202.34M | 367.82M | 363.81M | 265.09M | |
| Long-Term Debt Repaid | -9.00M | -207.26M | -391.27M | -373.27M | -230.85M | |
| Total Debt Repaid | -12.00M | -9.00M | -207.26M | -391.27M | -373.27M | -230.85M |
| Net Debt Issued (Repaid) | -4.92M | -23.45M | -9.47M | 34.24M | ||
| Issuance of Common Stock | 40.00K | 70.00K | 141.00K | 88.00K | 117.00K | |
| Repurchase of Common Stock | -72.28M | -66.62M | -2.83M | -3.31M | -4.65M | -35.68M |
| Common Dividends Paid | -4.36M | -4.38M | -3.56M | -3.22M | -3.24M | -3.91M |
| Financing Cash Flow | -76.60M | -70.92M | -11.17M | -29.89M | -17.36M | -5.24M |
| Net Cash Flow | -34.18M | -23.33M | 35.24M | 1.40M | 1.18M | 842.00K |
| Free Cash Flow | 42.39M | 47.58M | 33.72M | 27.11M | 18.20M | 4.14M |
| Free Cash Flow Margin | 9.16% | 10.36% | 7.65% | 6.57% | 4.62% | 0.76% |
| Free Cash Flow Per Share | 8.23 | 8.72 | 5.94 | 4.91 | 3.38 | 0.64 |
| Levered Free Cash Flow | 31.93M | 34.75M | 43.32M | 35.02M | 17.25M | 9.20M |
| Unlevered Free Cash Flow | 31.95M | 34.77M | 43.37M | 35.99M | 18.09M | 9.72M |
| Cash Interest Paid | 31.00K | 22.00K | 107.00K | 1.69M | 1.07M | 743.00K |
| Cash Income Tax Paid | 5.08M | 8.11M | 9.40M | 4.30M | 4.10M | -823.00K |
| Change in Working Capital | 4.27M | 5.23M | 8.75M | 17.16M | 8.29M | 1.99M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 306.49M | 398.88M | 190.00M | 160.15M | 98.44M | 100.13M |
| Enterprise Value | 351.92M | 395.50M | 228.51M | 237.28M | 184.44M | 180.77M |
| Last Close Price | 73.64 | 74.26 | 35.31 | 29.94 | 17.98 | 16.37 |
| PE Ratio | 12.15 | 12.04 | 9.43 | 15.21 | 6.66 | 54.04 |
| Forward PE | 13.10 | 15.52 | 10.18 | 10.97 | 12.66 | 8.87 |
| PS Ratio | 0.66 | 0.87 | 0.43 | 0.39 | 0.25 | 0.18 |
| PB Ratio | 2.32 | 2.99 | 1.13 | 1.06 | 0.69 | 0.76 |
| P/TBV Ratio | 2.32 | 2.99 | 1.13 | 1.06 | 0.69 | 0.76 |
| P/FCF Ratio | 7.23 | 8.38 | 5.63 | 5.91 | 5.41 | 24.19 |
| P/OCF Ratio | 6.67 | 7.74 | 5.14 | 5.02 | 4.28 | 12.53 |
| PEG Ratio | 1.09 | 1.29 | 0.85 | 0.92 | 1.05 | 0.74 |
| EV/Sales Ratio | 0.76 | 0.86 | 0.52 | 0.57 | 0.47 | 0.33 |
| EV/EBITDA Ratio | 7.90 | 8.53 | 6.55 | 11.41 | 14.96 | 16.26 |
| EV/EBIT Ratio | 8.70 | 9.29 | 7.31 | 14.12 | 23.79 | 30.40 |
| EV/FCF Ratio | 8.30 | 8.31 | 6.78 | 8.75 | 10.13 | 43.66 |
| Debt / Equity Ratio | 0.38 | 0.39 | 0.35 | 0.47 | 0.71 | 0.59 |
| Debt / EBITDA Ratio | 0.91 | 0.92 | 1.31 | 2.17 | 4.03 | 4.11 |
| Debt / FCF Ratio | 1.18 | 1.09 | 1.76 | 2.60 | 5.52 | 18.86 |
| Net Debt / Equity Ratio | 0.34 | 0.26 | 0.12 | 0.44 | 0.69 | 0.58 |
| Net Debt / EBITDA Ratio | 1.02 | 0.76 | 0.56 | 3.16 | 7.87 | 6.83 |
| Net Debt / FCF Ratio | 1.07 | 0.74 | 0.57 | 2.42 | 5.33 | 18.34 |
| Asset Turnover | 1.77 | 1.71 | 1.58 | 1.46 | 1.41 | 1.93 |
| Inventory Turnover | 3.90 | 3.85 | 3.69 | 2.98 | 2.45 | 3.12 |
| Quick Ratio | 0.68 | 0.78 | 1.21 | 0.81 | 0.75 | 0.67 |
| Current Ratio | 2.19 | 2.09 | 2.78 | 2.57 | 3.10 | 2.94 |
| Return on Equity (ROE) | 20.53% | 21.99% | 12.67% | 7.21% | 10.82% | 1.24% |
| Return on Assets (ROA) | 9.65% | 9.91% | 7.01% | 3.72% | 1.73% | 1.31% |
| Return on Invested Capital (ROIC) | 17.64% | 18.08% | 11.58% | 5.00% | 3.48% | 0.92% |
| Return on Capital Employed (ROCE) | 23.20% | 23.90% | 14.20% | 7.80% | 3.30% | 2.90% |
| Earnings Yield | 8.23% | 8.30% | 10.61% | 6.57% | 15.01% | 1.85% |
| FCF Yield | 13.83% | 11.93% | 17.75% | 16.93% | 18.49% | 4.13% |
| Dividend Yield | 1.36% | 0.88% | 1.98% | 1.95% | 3.15% | 3.18% |
| Payout Ratio | 14.85% | 13.21% | 17.64% | 30.58% | 21.93% | 211.06% |
| Buyback Yield / Dilution | 9.43% | 3.91% | -2.88% | -2.49% | 17.19% | 12.92% |
| Total Shareholder Return | 10.78% | 4.78% | -0.90% | -0.54% | 20.35% | 16.10% |