NYSEAMERICAN : FSI
Flexible Solutions International, Inc. — Financial statements
Materials · Specialty Chemicals · Canada
Last price 6.16 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 78.69M
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Financial statements
Flexible Solutions International, Inc. (FSI) reported revenue of 35.58M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 35.58M | 38.52M | 38.23M | 38.32M | 45.84M | 34.42M |
| Cost of Revenue | 28.78M | 25.98M | 24.99M | 27.88M | 31.97M | 23.02M |
| Gross Profit | 6.80M | 12.54M | 13.24M | 10.44M | 13.87M | 11.40M |
| Selling, General & Admin | 8.20M | 8.35M | 7.39M | 6.60M | 6.21M | 5.47M |
| Research & Development | 565.72K | 615.29K | 329.95K | 158.25K | 99.28K | 116.41K |
| Operating Expenses | 8.76M | 8.96M | 7.72M | 6.76M | 6.32M | 5.59M |
| Operating Income | -1.96M | 3.57M | 5.52M | 3.69M | 7.55M | 5.80M |
| Interest Expense | -494.39K | -613.85K | -610.26K | -498.67K | -292.95K | -199.93K |
| Interest & Investment Income | 121.23K | 150.23K | 196.45K | 113.81K | 132.23K | 78.00K |
| Currency Exchange Gain (Loss) | 37.63K | -23.09K | -25.09K | |||
| Other Non Operating Income (Expenses) | -222.65K | -179.50K | -94.26K | |||
| EBT Excluding Unusual Items | -2.33M | 3.11M | 5.10M | 3.12M | 7.18M | 5.56M |
| Gain (Loss) on Sale of Investments | -1.01M | -870.06K | -107.44K | 505.06K | 341.42K | 507.14K |
| Gain (Loss) on Sale of Assets | 1.21M | 1.21M | 44.33K | |||
| Asset Writedown | -183.42K | -183.42K | ||||
| Other Unusual Items | -41.35K | 335.05K | 537.96K | |||
| Pretax Income | -2.32M | 3.27M | 4.95M | 3.62M | 7.86M | 6.65M |
| Income Tax Expense | -654.65K | 899.58K | 851.21K | -132.74K | 145.86K | 2.36M |
| Earnings From Continuing Operations | -1.66M | 2.37M | 4.10M | 3.76M | 7.71M | 4.29M |
| Minority Interest in Earnings | -1.46M | -1.58M | -1.06M | -980.12K | -691.62K | -845.10K |
| Net Income | -3.12M | 786.89K | 3.04M | 2.78M | 7.02M | 3.45M |
| Net Income to Common | -3.12M | 786.89K | 3.04M | 2.78M | 7.02M | 3.45M |
| Shares Outstanding (Basic) | 12.71M | 12.65M | 12.45M | 12.43M | 12.38M | 12.32M |
| Shares Outstanding (Diluted) | 12.71M | 13.59M | 12.68M | 12.49M | 12.47M | 12.51M |
| EPS (Basic) | -0.25 | 0.06 | 0.24 | 0.22 | 0.57 | 0.28 |
| EPS (Diluted) | -0.25 | 0.06 | 0.24 | 0.22 | 0.56 | 0.28 |
| Free Cash Flow | -3.48M | -591.71K | 603.61K | 1.13M | -504.40K | 3.75M |
| Free Cash Flow Per Share | -0.27 | -0.04 | 0.05 | 0.09 | -0.04 | 0.30 |
| Gross Margin | 19.12% | 32.56% | 34.63% | 27.25% | 30.25% | 33.11% |
| Operating Margin | -5.51% | 9.28% | 14.42% | 9.62% | 16.46% | 16.86% |
| Profit Margin | -8.77% | 2.04% | 7.95% | 7.24% | 15.32% | 10.02% |
| Free Cash Flow Margin | -9.79% | -1.54% | 1.58% | 2.94% | -1.10% | 10.91% |
| EBITDA | 117.53K | 5.54M | 7.47M | 5.37M | 8.82M | 6.77M |
| EBITDA Margin | 0.33% | 14.38% | 19.55% | 14.02% | 19.25% | 19.67% |
| D&A For EBITDA | 2.08M | 1.97M | 1.96M | 1.69M | 1.28M | 965.93K |
| EBIT | -1.96M | 3.57M | 5.52M | 3.69M | 7.55M | 5.80M |
| EBIT Margin | -5.51% | 9.28% | 14.42% | 9.62% | 16.46% | 16.86% |
| Effective Tax Rate | 27.53% | 17.19% | 1.86% | 35.43% | ||
| Revenue as Reported | 35.58M | 38.52M | 38.23M | |||
| Advertising Expenses | 194.31K | 182.61K | 172.19K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.20M | 6.63M | 7.63M | 5.02M | 6.12M | 5.71M |
| Short-Term Investments | 1.12M | 1.39M | 2.40M | 2.69M | 700.00K | 1.03M |
| Cash & Short-Term Investments | 8.32M | 8.01M | 10.03M | 7.71M | 6.82M | 6.74M |
| Receivables | 4.44M | 12.62M | 11.70M | 9.84M | 9.45M | 7.13M |
| Inventory | 15.09M | 10.54M | 10.89M | 11.13M | 14.42M | 9.50M |
| Prepaid Expenses | 706.01K | 1.33M | 1.96M | 1.54M | 310.30K | 442.16K |
| Other Current Assets | 425.00K | 425.00K | ||||
| Total Current Assets | 28.99M | 32.93M | 34.58M | 30.23M | 30.99M | 23.81M |
| Property, Plant & Equipment | 21.67M | 19.93M | 17.15M | 13.29M | 9.88M | 5.15M |
| Long-Term Investments | 2.05M | 3.42M | 6.03M | 5.46M | 5.42M | |
| Goodwill | 2.53M | 2.53M | 2.53M | 2.53M | 2.53M | 2.53M |
| Other Intangible Assets | 3.74M | 1.96M | 2.12M | 2.28M | 2.44M | 2.61M |
| Long-Term Deferred Tax Assets | 284.79K | 274.29K | 12.70K | |||
| Other Long-Term Assets | 2.04M | 2.42M | 167.88K | 824.25K | 8.54K | 8.54K |
| Total Assets | 58.97M | 61.83M | 59.97M | 55.47M | 51.59M | 39.55M |
| Accounts Payable | 3.07M | 2.22M | 2.05M | 1.98M | 873.90K | 1.28M |
| Accrued Expenses | 204.77K | 501.18K | 403.16K | 284.13K | 959.86K | 457.06K |
| Short-Term Debt | 1.69M | 2.15M | 2.05M | 1.81M | 2.82M | 2.30M |
| Current Portion of Long-Term Debt | 429.69K | 396.96K | 2.14M | 1.28M | 717.61K | 793.57K |
| Current Portion of Leases | 478.02K | 299.44K | 59.52K | 58.08K | 77.72K | |
| Current Income Taxes Payable | 4.35M | 5.06M | 5.14M | 4.49M | 4.49M | 4.56M |
| Current Unearned Revenue | 77.94K | 124.94K | 78.66K | 148.29K | 387.76K | 349.00K |
| Total Current Liabilities | 10.30M | 10.75M | 11.86M | 10.05M | 10.30M | 9.82M |
| Long-Term Debt | 3.81M | 4.04M | 6.62M | 6.83M | 5.44M | 1.57M |
| Long-Term Leases | 3.69M | 3.92M | 55.77K | 109.14K | 139.55K | |
| Long-Term Deferred Tax Liabilities | 277.42K | 277.42K | 122.02K | 260.05K | 500.46K | 310.16K |
| Total Liabilities | 18.08M | 19.00M | 18.60M | 17.20M | 16.35M | 11.85M |
| Common Stock | 12.77K | 12.72K | 12.52K | 12.44K | 12.43K | 12.36K |
| Additional Paid-In Capital | 20.29M | 19.90M | 18.79M | 17.93M | 17.52M | 16.98M |
| Retained Earnings | 17.19M | 19.35M | 19.84M | 18.05M | 15.90M | 8.88M |
| Comprehensive Income & Other | -474.57K | -347.89K | -606.99K | -795.15K | -805.80K | -775.73K |
| Total Common Equity | 37.03M | 38.91M | 38.03M | 35.20M | 32.63M | 25.10M |
| Minority Interest | 3.86M | 3.92M | 3.33M | 3.07M | 2.61M | 2.60M |
| Shareholders' Equity | 40.89M | 42.83M | 41.37M | 38.27M | 35.24M | 27.71M |
| Total Liabilities & Equity | 58.97M | 61.83M | 59.97M | 55.47M | 51.59M | 39.55M |
| Total Debt | 10.10M | 10.81M | 10.81M | 10.04M | 9.14M | 4.88M |
| Net Cash (Debt) | -1.78M | -2.80M | -780.04K | -2.33M | -2.32M | 1.85M |
| Net Cash Per Share | -0.14 | -0.21 | -0.06 | -0.19 | -0.19 | 0.15 |
| Filing Date Shares Outstanding | 12.77M | 12.74M | 12.65M | 12.45M | 12.44M | 12.38M |
| Total Common Shares Outstanding | 12.77M | 12.72M | 12.52M | 12.44M | 12.43M | 12.36M |
| Working Capital | 18.69M | 22.17M | 22.71M | 20.17M | 20.69M | 13.99M |
| Book Value Per Share | 2.90 | 3.06 | 3.04 | 2.83 | 2.63 | 2.03 |
| Tangible Book Value | 30.76M | 34.42M | 33.38M | 30.39M | 27.66M | 19.95M |
| Tangible Book Value Per Share | 2.41 | 2.71 | 2.67 | 2.44 | 2.23 | 1.62 |
| Land | 299.03K | 299.03K | 440.59K | 440.59K | 384.03K | 234.03K |
| Buildings | 11.00M | 10.35M | 12.80M | 12.34M | 8.78M | 4.82M |
| Machinery | 21.10M | 18.70M | 15.64M | 10.39M | 9.05M | 7.28M |
| Leasehold Improvements | 88.87K | 88.87K | 88.87K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.12M | 786.89K | 3.04M | 2.78M | 7.02M | 3.45M |
| Depreciation & Amortization | 2.08M | 1.97M | 1.96M | 1.69M | 1.33M | 1.23M |
| Loss (Gain) From Sale of Assets | -1.00M | -1.03M | -4.59K | -44.33K | ||
| Loss (Gain) From Sale of Investments | 1.01M | 870.06K | 107.44K | -505.06K | -341.42K | -507.14K |
| Stock-Based Compensation | 578.97K | 555.27K | 673.13K | 395.08K | 399.15K | 210.11K |
| Provision & Write-off of Bad Debts | 17.87K | 6.98K | ||||
| Other Operating Activities | 2.22M | 2.17M | 1.21M | 729.20K | 293.85K | 692.51K |
| Change in Accounts Receivable | 3.83M | -925.80K | -1.85M | -393.20K | -2.34M | -1.25M |
| Change in Inventory | -3.76M | 348.56K | 244.69K | 3.28M | -4.12M | -1.28M |
| Change in Accounts Payable | 1.78M | 595.81K | 64.83K | 1.11M | -700.19K | 102.86K |
| Change in Unearned Revenue | 39.74K | 46.29K | -69.64K | -239.47K | 38.76K | 34.73K |
| Change in Income Taxes | -983.11K | -75.97K | 652.08K | -1.14K | -249.63K | 2.02M |
| Change in Other Net Operating Assets | -127.26K | -1.53M | -456.99K | -2.72M | 131.86K | -139.71K |
| Operating Cash Flow | 2.54M | 3.78M | 5.57M | 6.12M | 1.48M | 4.54M |
| Capital Expenditures | -6.02M | -4.37M | -4.96M | -4.99M | -1.98M | -782.22K |
| Sale of Property, Plant & Equipment | 3.75M | 3.75M | 5.41K | 263.38K | ||
| Cash Acquisitions | -499.33K | |||||
| Divestitures | 200.00K | |||||
| Investment in Securities | 1.23M | 1.51M | 2.80M | -68.97K | 265.00K | -140.70K |
| Investing Cash Flow | -1.04M | 890.86K | -2.16M | -4.85M | -2.22M | -659.54K |
| Short-Term Debt Issued | 96.23K | 241.68K | 517.77K | 184.75K | ||
| Long-Term Debt Issued | 2.16M | 2.69M | 3.23M | |||
| Total Debt Issued | 96.23K | 96.23K | 2.40M | 2.69M | 3.75M | 184.75K |
| Short-Term Debt Repaid | -1.01M | |||||
| Long-Term Debt Repaid | -4.32M | -1.52M | -725.82K | -2.35M | -1.23M | |
| Lease Payments | -58.61K | -287.90K | ||||
| Total Debt Repaid | -2.40M | -4.32M | -1.52M | -1.73M | -2.35M | -1.23M |
| Net Debt Issued (Repaid) | -2.31M | -4.22M | 886.59K | 952.75K | 1.40M | -1.05M |
| Issuance of Common Stock | 263.37K | 550.96K | 184.85K | 13.60K | 140.62K | 140.44K |
| Common Dividends Paid | -1.27M | -1.26M | -626.78K | |||
| Other Financing Activities | -735.25K | -991.71K | -794.72K | -719.44K | -689.43K | -804.00K |
| Financing Cash Flow | -2.78M | -5.94M | -978.33K | -379.87K | 848.33K | -1.71M |
| Foreign Exchange Rate Adjustments | -136.94K | 259.10K | 188.16K | 10.65K | -30.07K | 96.39K |
| Net Cash Flow | -1.42M | -1.01M | 2.61M | 892.73K | 79.53K | 2.26M |
| Free Cash Flow | -3.48M | -591.71K | 603.61K | 1.13M | -504.40K | 3.75M |
| Free Cash Flow Margin | -9.79% | -1.54% | 1.58% | 2.94% | -1.10% | 10.91% |
| Free Cash Flow Per Share | -0.27 | -0.04 | 0.05 | 0.09 | -0.04 | 0.30 |
| Levered Free Cash Flow | -4.07M | -133.49K | -527.14K | 939.17K | -2.77M | 3.66M |
| Unlevered Free Cash Flow | -3.76M | 250.17K | -145.72K | 1.25M | -2.59M | 3.79M |
| Free Cash Flow After Leases | -3.48M | -591.71K | 603.61K | 1.13M | -563.01K | 3.47M |
| Cash Interest Paid | 612.30K | 612.30K | 610.62K | 498.67K | 292.95K | 179.03K |
| Cash Income Tax Paid | 820.16K | 820.16K | 52.37K | 119.32K | 158.97K | |
| Change in Working Capital | 777.08K | -1.54M | -1.42M | 1.04M | -7.24M | -503.32K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 78.82M | 85.36M | 44.96M | 23.75M | 38.39M | 47.95M |
| Enterprise Value | 80.60M | 87.15M | 44.72M | 24.53M | 44.18M | 49.15M |
| Last Close Price | 6.16 | 6.72 | 3.53 | 1.78 | 2.84 | 3.57 |
| PE Ratio | 108.47 | 14.80 | 8.56 | 5.47 | 13.90 | |
| Forward PE | 19.90 | 16.40 | 11.28 | 7.96 | 6.08 | 10.81 |
| PS Ratio | 2.24 | 2.22 | 1.18 | 0.62 | 0.84 | 1.39 |
| PB Ratio | 2.12 | 1.99 | 1.09 | 0.62 | 1.09 | 1.73 |
| P/TBV Ratio | 2.59 | 2.48 | 1.35 | 0.78 | 1.39 | 2.40 |
| P/FCF Ratio | 74.49 | 21.10 | 12.78 | |||
| P/OCF Ratio | 31.35 | 22.57 | 8.07 | 3.88 | 26.00 | 10.57 |
| PEG Ratio | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | |
| EV/Sales Ratio | 2.29 | 2.26 | 1.17 | 0.64 | 0.96 | 1.43 |
| EV/EBITDA Ratio | 692.29 | 15.73 | 5.98 | 4.57 | 5.01 | 7.26 |
| EV/EBIT Ratio | 24.38 | 8.11 | 6.65 | 5.85 | 8.47 | |
| EV/FCF Ratio | 74.08 | 21.80 | 13.09 | |||
| Debt / Equity Ratio | 0.25 | 0.25 | 0.26 | 0.26 | 0.26 | 0.18 |
| Debt / EBITDA Ratio | 13.47 | 1.78 | 1.45 | 1.83 | 1.02 | 0.68 |
| Debt / FCF Ratio | 17.91 | 8.92 | 1.30 | |||
| Net Debt / Equity Ratio | 0.04 | 0.07 | 0.02 | 0.06 | 0.07 | -0.07 |
| Net Debt / EBITDA Ratio | 15.14 | 0.51 | 0.10 | 0.43 | 0.26 | -0.27 |
| Net Debt / FCF Ratio | -0.51 | -4.74 | 1.29 | 2.07 | -4.61 | -0.49 |
| Asset Turnover | 0.61 | 0.63 | 0.66 | 0.72 | 1.01 | 0.92 |
| Inventory Turnover | 2.18 | 2.42 | 2.27 | 2.18 | 2.67 | 2.58 |
| Quick Ratio | 1.24 | 1.92 | 1.83 | 1.75 | 1.58 | 1.41 |
| Current Ratio | 2.82 | 3.06 | 2.92 | 3.01 | 3.01 | 2.42 |
| Return on Equity (ROE) | -3.98% | 5.62% | 10.30% | 10.22% | 24.51% | 16.68% |
| Return on Assets (ROA) | -2.09% | 3.67% | 5.97% | 4.31% | 10.35% | 9.72% |
| Return on Invested Capital (ROIC) | -4.25% | 5.90% | 11.04% | 9.44% | 23.36% | 14.52% |
| Return on Capital Employed (ROCE) | -4.00% | 7.00% | 11.50% | 8.10% | 18.30% | 19.50% |
| Earnings Yield | -3.98% | 0.92% | 6.76% | 11.69% | 18.29% | 7.19% |
| FCF Yield | -4.38% | -0.69% | 1.34% | 4.74% | -1.31% | 7.83% |
| Payout Ratio | 162.00% | 41.30% | 22.58% | |||
| Buyback Yield / Dilution | 3.34% | -7.21% | -1.53% | -0.18% | 0.31% | -1.65% |
| Total Shareholder Return | 4.94% | -7.21% | -1.53% | -0.18% | 0.31% | -1.65% |