Flexsteel Industries, Inc. (FLXS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.15	$1.33	+15.7%	—	$115.4M	—
Q3 26	$0.75	$1.14	+52.0%	—	$115.1M	—
Q2 26	$0.79	$1.18	+49.4%	—	$118.2M	—
Q1 26	$0.78	$1.31	+67.9%	—	$110.4M	—
Q4 25	$0.84	$1.4	+66.7%	—	$114.6M	—
Q3 25	$0.88	$1.13	+28.4%	—	$114M	—
Q2 25	$0.74	$0.95	+28.4%	—	$108.5M	—
Q1 25	$0.62	$0.74	+19.4%	—	$104M	—
Q4 24	$0.67	$0.75	+11.9%	—	$110.8M	—
Q3 24	$0.56	$0.67	+19.6%	—	$107.2M	—
Q2 24	$0.57	$0.57	0.0%	—	$100.1M	—
Q1 24	$0.24	$0.14	-41.7%	—	$94.6M	—
Q4 23	$0.35	$0.36	+2.9%	—	$105.8M	—
Q3 23	$0.22	$0.28	+27.3%	—	$99.1M	—
Q2 23	$0.03	$0.08	+166.7%	—	$93.1M	—
Q1 23	-$0.25	$0.09	+136.0%	—	$95.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$6.46	—	—	$459.2M	—
FY25	—	$3.84	—	—	$441.1M	—
FY24	—	$2.04	—	—	$412.8M	—
FY23	—	$2.83	—	—	$393.7M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$468.8M	$489.2M	$443.6M	$366.9M	$478.9M	$544.3M	$393.7M	$412.8M	$441.1M	$459.2M
YoY change	-6.27%	+4.36%	-9.32%	-17.3%	+30.5%	+13.6%	-27.7%	+4.84%	+6.86%	+4.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	468.8M	489.2M	443.6M	366.9M	478.9M	544.3M	393.7M	412.8M	441.1M	459.2M
Cost of revenue	360.1M	391M	373.6M	313.9M	382.2M	471.6M	322.7M	325.5M	343.1M	345.7M
Gross profit	108.7M	98.2M	69.9M	53.1M	96.7M	72.7M	70.9M	87.2M	97.9M	113.4M
Gross margin	23.2%	20.1%	15.8%	14.5%	20.2%	13.4%	18%	21.1%	22.2%	24.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	72.6M	71.9M	81.3M	72.4M	68M	66.7M	62.8M	70.4M	66.7M	70.9M
Operating expenses	72.6M	75.5M	81.3M	72.4M	68M	66.7M	63.2M	70.4M	66.7M	70.9M
Operating income	36.1M	26.3M	-11.4M	-19.4M	28.8M	5.9M	7.8M	16.8M	31.2M	42.5M
Operating margin	7.7%	5.37%	-2.56%	-5.28%	6%	1.09%	1.97%	4.07%	7.08%	9.27%
Non-operating income, net	1.5M	-1.1M	-31.3M	-14.3M	2.7M	791K	2.8M	300K	-4.6M	—
Pretax income	37.6M	25.1M	-42.6M	-33.8M	31.5M	5.9M	9.2M	15.6M	27M	43.8M
Income tax	13.8M	7.5M	-10M	-6.9M	8.4M	4M	-5.6M	5M	6.8M	10.7M
Net income	23.8M	17.7M	-32.6M	-26.8M	23M	1.9M	14.8M	10.5M	20.2M	33.1M
Net margin	5.07%	3.61%	-7.35%	-7.32%	4.81%	0.34%	3.75%	2.55%	4.57%	7.21%
EBITDA	44.3M	34.3M	-3.4M	-10.3M	34.2M	11.2M	12.3M	20.8M	35.3M	47.7M
EPS	3.06	2.25	-4.13	-3.37	3.2	0.29	2.83	2.04	3.84	6.46
Diluted EPS	3.02	2.23	-4.13	-3.37	3.09	0.28	2.74	1.91	3.55	6.07

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	94.6M	100.1M	107.2M	110.8M	104M	108.5M	114M	114.6M	110.4M	118.2M	115.1M	115.4M
Cost of revenue	76.2M	78.2M	83.9M	87.3M	81.6M	85.7M	88.6M	87.2M	84.5M	91.4M	89.1M	80.7M
Gross profit	18.4M	21.9M	23.3M	23.6M	22.4M	22.8M	25.3M	27.4M	25.9M	26.8M	26M	34.6M
Gross margin	19.5%	21.9%	21.7%	21.3%	21.5%	21%	22.2%	23.9%	23.5%	22.7%	22.6%	30%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	16.5M	17.4M	17.7M	18.9M	16.3M	16.1M	17.1M	17.2M	17M	17.8M	17.8M	18.3M
Operating expenses	16.5M	17.4M	17.7M	18.9M	16.3M	16.1M	17.1M	17.2M	17M	17.8M	17.8M	18.3M
Operating income	1.9M	4.6M	5.6M	4.7M	6M	6.7M	8.3M	10.3M	9M	9M	8.2M	16.3M
Operating margin	2.03%	4.58%	5.23%	4.23%	5.81%	6.14%	7.25%	8.96%	8.14%	7.61%	7.14%	14.2%
Non-operating income, net	—	—	-2.6M	2.9M	—	5M	-13.2M	3.6M	—	—	361K	—
Pretax income	1.3M	4.1M	2.7M	7.4M	6M	11.7M	-5M	14.3M	9.4M	9.3M	8.6M	16.5M
Income tax	596K	1M	857K	2.5M	1.9M	2.6M	-1.2M	3.6M	2.1M	2.7M	2.1M	3.8M
Net income	752K	3.1M	1.8M	4.9M	4.1M	9.1M	-3.7M	10.7M	7.3M	6.6M	6.4M	12.7M
Net margin	0.79%	3.05%	1.68%	4.44%	3.98%	8.35%	-3.28%	9.34%	6.63%	5.62%	5.6%	11%
EBITDA	2.9M	5.5M	6.7M	5.8M	7M	7.6M	9.3M	11.4M	10.2M	10.2M	9.6M	17.6M
EPS	0.15	0.59	0.35	0.95	0.8	1.73	-0.71	2.03	1.38	1.24	1.2	2.82
Diluted EPS	0.14	0.57	0.33	0.89	0.74	1.62	-0.71	1.89	1.31	1.18	1.14	2.58

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	421.1M	313.1M	134.6M	100.5M	290.8M	—	—	160.6M	189.1M	381.7M	358.2M
Enterprise value	374.3M	269.4M	112.3M	64.3M	323.1M	—	—	226.2M	208.5M	416.9M	400.9M
Shares outstanding	7.8M	7.8M	7.9M	8M	7.2M	6.3M	5.2M	5.2M	5.2M	5.1M	5.1M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	17.7	17.7	—	—	12.6	—	—	15.3	9.38	11.5	14.7
P/S	0.9	0.64	0.3	0.27	0.61	—	—	0.39	0.43	0.83	0.8
P/B	1.82	1.3	0.66	0.57	1.73	—	—	1.07	1.13	2.86	2.75
EV/EBITDA	8.44	7.86	-33.3	-6.24	9.44	—	—	10.9	5.9	8.75	8.64
EV/Sales	0.8	0.55	0.25	0.18	0.67	—	—	0.55	0.47	0.91	0.87
Earnings yield	5.65%	5.64%	—	—	7.93%	—	—	6.56%	10.7%	8.68%	6.79%
FCF yield	3.07%	-0.69%	-10.9%	14.5%	-12.1%	—	—	16.9%	17.8%	12.5%	9.7%
PEG	—	—	—	—	—	—	—	—	—	—	0.38

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	23.2%	20.1%	15.8%	14.5%	20.2%	13.4%	18%	21.1%	22.2%	24.7%	30%
Operating margin	7.7%	5.37%	-2.56%	-5.28%	6%	1.09%	1.97%	4.07%	7.08%	9.27%	14.2%
Net margin	5.07%	3.61%	-7.35%	-7.32%	4.81%	0.34%	3.75%	2.55%	4.57%	7.21%	7.22%
ROE	10.3%	7.31%	-15.9%	-15.3%	13.7%	1.41%	10.4%	7%	12%	24.8%	22%
ROA	8.81%	6.21%	-12.8%	-11.3%	7.77%	0.69%	5.09%	3.84%	7.13%	13%	9.91%
ROIC	12.4%	9.33%	-6.2%	-13.9%	10.5%	0.9%	3.25%	5.27%	12.5%	19.1%	19.1%
Return on tangible assets	8.81%	6.21%	-12.8%	-11.3%	7.77%	0.69%	5.09%	3.84%	7.13%	13%	13%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	5.25	4.63	3.47	3.4	2.29	2.94	3.1	2.57	2.78	2.09	2.09
Quick ratio	2.58	2.28	1.51	2.08	0.68	0.76	0.88	0.97	1.34	0.9	0.9
Debt / equity	—	—	0	0.07	0.2	0.59	0.71	0.47	0.35	0.39	0.39
Debt / assets	—	—	0	0.05	0.11	0.29	0.35	0.26	0.21	0.2	0.2
Net debt / EBITDA	—	—	6.6	3.51	0.94	6.75	7.86	3.15	0.55	0.74	0.74
Interest coverage	—	—	—	-410.7	3.1K	8.07	7.87	11	386.2	2K	2K
Effective tax rate	36.7%	29.7%	0%	0%	26.8%	68.6%	0%	32.3%	25.3%	24.4%	24.4%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	60.2	62.3	56.2	46.1	66.5	86	75.3	79.8	84	89.6	89.6
EPS (basic)	3.06	2.25	-4.13	-3.37	3.2	0.29	2.83	2.04	3.84	6.46	6.46
EPS (diluted)	3.02	2.23	-4.13	-3.37	3.09	0.28	2.74	1.91	3.55	6.07	6.07
Book value per share	29.7	30.8	26	22.1	23.3	20.8	27.1	29.1	32	26	32.5
FCF per share	1.66	-0.27	-1.85	1.83	-4.9	0.65	3.48	5.24	6.42	9.28	9.65
Cash per share	6.02	5.57	2.82	6.06	0.19	0.35	0.64	0.92	7.62	3.25	4.08
Capex per share	0.24	0.78	0.03	2.57	2.59	0.31	0.07	0.81	0.62	0.77	0.8

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0.39%	1.26%	0.06%	5.58%	3.89%	0.36%	0.09%	1.01%	0.74%	0.86%	0.86%
Capex / operating cash flow	6.8%	23.5%	-1.55%	96.3%	-57.9%	17.9%	1.36%	13.6%	8.81%	7.65%	7.65%
Payout ratio	25.5%	38.2%	-21.2%	-26.2%	11.4%	211.1%	21.9%	30.6%	17.6%	13.2%	14%
Dividend yield	1.44%	2.15%	5.14%	6.99%	0.9%	—	—	2%	1.88%	1.15%	1.14%

Yield

1.14%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Sep 30, 2026

Payout ratio

14%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 30, 2026upcoming	$0.25
Jun 24, 2026	$0.25
Mar 30, 2026	$0.20

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$94.6M	$100.1M	$107.2M	$110.8M	$104M	$108.5M	$114M	$114.6M	$110.4M	$118.2M	$115.1M	$115.4M
YoY change	-1.13%	+7.48%	+8.25%	+4.73%	+9.94%	+8.37%	+6.3%	+3.42%	+6.18%	+9%	+1.01%	+0.66%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	46.8M	43.7M	22.2M	48.2M	1.3M	2.2M	3.4M	4.8M	40M	16.7M
Receivables	42.4M	41.3M	38.2M	32.2M	56M	41.1M	38.2M	44.2M	35.2M	42.7M
Inventory	99.4M	96.2M	93.7M	70.6M	161.1M	141.2M	122.1M	96.6M	89.1M	90.6M
Total current assets	195.3M	189.6M	166M	181.8M	228.5M	190.1M	170.6M	155.4M	172.4M	158.4M
Property, plant & equipment	-80K	23.9M	-7.1M	758K	17.7M	27.6M	57.8M	56.2M	39.3M	32.6M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	270M	284.3M	254.3M	237.3M	296.8M	268.7M	290.6M	274.5M	282.5M	254M
Accounts payable	16.8M	17.2M	18.4M	27.7M	67.8M	32.1M	24.7M	25.8M	25.6M	36.2M
Short-term debt	—	—	—	4.4M	5.8M	6.4M	7.2M	7.5M	7.8M	8.4M
Total current liabilities	37.2M	40.9M	47.8M	53.5M	99.8M	64.6M	55.1M	60.4M	62M	75.7M
Long-term debt	—	—	0	7.6M	27.8M	71.7M	93.2M	62.9M	51.6M	43.5M
Total liabilities	39.3M	42.6M	48.9M	61.8M	128.8M	137.2M	148.9M	124.1M	114.6M	120.5M
Shareholders' equity	230.8M	241.7M	205.4M	175.5M	168M	131.6M	141.6M	150.4M	167.9M	133.5M
Total debt	—	—	0	12M	33.6M	78.1M	100.4M	70.4M	59.4M	51.9M
Net debt	—	—	-22.2M	-36.2M	32.3M	75.9M	97.1M	65.7M	19.4M	35.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	3M	3.3M	4.6M	4.8M	5.7M	11.8M	22.6M	40M	38.6M	36.8M	57.3M	16.7M
Receivables	31.6M	31.4M	38.9M	44.2M	39.5M	36.3M	38.5M	35.2M	35.2M	41.8M	41.5M	42.7M
Inventory	120.8M	105.2M	96.6M	96.6M	95.9M	91M	87.1M	89.1M	87M	95.1M	80.6M	90.6M
Total current assets	165.2M	149.1M	149.9M	155.4M	151.6M	149.1M	156.9M	172.4M	175.4M	188.6M	200.5M	158.4M
Property, plant & equipment	105.5M	105.2M	103.4M	56.2M	95.6M	98M	79.2M	39.3M	76.8M	76M	73.8M	32.6M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	284.9M	272.5M	273.8M	274.5M	268.7M	271.5M	266.1M	282.5M	281.5M	290.2M	290.2M	254M
Accounts payable	21M	19.8M	21.7M	25.8M	24.9M	20.7M	22.1M	25.6M	28.7M	28.9M	23.9M	36.2M
Short-term debt	7.3M	7.6M	7.6M	7.5M	7.4M	8M	7.6M	7.8M	8M	8.1M	8.3M	8.4M
Total current liabilities	46.8M	48.6M	53.7M	60.4M	53.3M	50.9M	53.5M	62M	58.5M	62.6M	58.2M	75.7M
Long-term debt	96.1M	79.7M	74.1M	62.9M	59.8M	57.8M	53.5M	51.6M	49.8M	47.8M	45.6M	43.5M
Total liabilities	143.5M	128.9M	128.5M	124.1M	114M	109.6M	108M	114.6M	109.3M	111.3M	104.9M	120.5M
Shareholders' equity	141.4M	143.5M	145.3M	150.4M	154.7M	161.9M	158.1M	167.9M	172.2M	178.9M	185.3M	133.5M
Total debt	103.4M	87.3M	81.7M	70.4M	67.2M	65.8M	61.2M	59.4M	57.8M	55.9M	53.9M	51.9M
Net debt	100.4M	84M	77.1M	65.7M	61.5M	54M	38.5M	19.4M	19.2M	19.1M	-3.4M	35.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	23.8M	17.7M	-32.6M	-26.8M	23M	1.9M	14.8M	10.5M	20.2M	33.1M
Depreciation & amortization	7.9M	7.4M	7.4M	8.4M	5.2M	5.2M	4.6M	4M	3.7M	3.8M
Stock-based compensation	1.6M	501K	1.4M	4.9M	3.7M	1M	3.2M	4.6M	3.9M	4.6M
Change in working capital	-7.8M	411K	2.5M	31.4M	-66M	2.8M	9.6M	13M	7.9M	5.5M
Operating cash flow	27.2M	26.2M	-16M	21.3M	-32.2M	10.8M	25M	30.7M	37M	51.5M
Capital expenditure	1.8M	6.2M	248K	20.5M	18.6M	1.9M	340K	4.2M	-3.3M	-3.9M
Investing cash flow	-16.2M	8.1M	16.2M	20.5M	18.6M	1.9M	340K	4.2M	-2.1M	-3.9M
Dividends paid	-6.1M	-6.7M	-6.9M	-7M	-2.6M	-3.9M	-3.2M	-3.2M	-3.6M	-4.4M
Share repurchases	-1.1M	0	0	-1.6M	-29.8M	-35.1M	-3.7M	-1.7M	0	-63.7M
Financing cash flow	-4.6M	-7.1M	-7M	-24.1M	-35.2M	29M	-26.8M	-29.9M	-11.2M	-70.9M
Net change in cash	6.3M	27.3M	-6.9M	17.6M	-48.8M	41.7M	-1.5M	5M	23.7M	-23.3M
Free cash flow	12.9M	-2.2M	-14.6M	14.6M	-35.3M	4.1M	18.2M	27.1M	33.7M	47.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	752K	3.1M	1.8M	4.9M	4.1M	9.1M	-3.7M	10.7M	7.3M	6.6M	6.4M	12.7M
Depreciation & amortization	940K	959K	1M	1.1M	929K	924K	924K	877K	836K	864K	1.1M	1.1M
Stock-based compensation	911K	934K	877K	1.9M	1.1M	963K	862K	906K	1.1M	1.1M	1.1M	1.1M
Change in working capital	68K	11.3M	155K	1.4M	2.2M	-338K	2.9M	3.2M	-1.5M	-11.2M	13.3M	5M
Operating cash flow	2.8M	16.3M	3.9M	7.8M	8.4M	10.6M	-2.5M	15.6M	4.1M	1M	22.1M	24.3M
Capital expenditure	—	—	—	—	—	—	834K	-568K	-1.4M	-1.7M	-440K	-402K
Investing cash flow	0	—	—	—	1.2M	0	834K	-568K	-1.4M	-1.7M	-440K	-402K
Dividends paid	-879K	-792K	-775K	-773K	-874K	-886K	-895K	-901K	-1.1M	-1.1M	-1.1M	-1.1M
Share repurchases	-455K	-972K	-233K	1K	0	0	0	0	-1.1M	0	0	-62.6M
Financing cash flow	-93.9M	-96.1M	-4.6M	-11.1M	-106.2M	-106.1M	-895K	-1.7M	-4.2M	-1.1M	-1.1M	-64.5M
Net change in cash	-91.1M	-79.8M	-768K	-3.3M	-96.7M	-95.5M	-2.6M	13.4M	-1.4M	-1.8M	20.5M	-40.6M
Free cash flow	-3.1M	17.2M	5.9M	7.1M	2M	5.8M	10.9M	15.1M	2.8M	-735K	21.6M	23.9M

Date	Ratio
Dec 8, 1987	3:2
May 19, 1983	2:1

Flexsteel Industries, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history