DSWL vs TTMI vs FLEX Stock Comparison

Deswell Industries, Ttm Technologies and Flex Prices as of Oct 26, 2026 Peers: Industry group
DSWL Deswell Industries Inc
$2.98 -3.9% 1M -13.1% 1Y
Market cap
$47.45M
P/E
4.5x
Revenue (TTM)
—
Div. yield
–
Electronic Manufacturing Services Technology
3 wins
TTMI Ttm Technologies Inc
$85.50 -33.8% 1M +45.5% 1Y
Market cap
$9.06B
P/E
38.3x
Revenue (TTM)
$3.38B
Div. yield
–
Electronic Manufacturing Services Technology
5 wins
FLEX Flex Ltd.
$76.99 -32.9% 1M +19.8% 1Y
Market cap
$30.60B
P/E
31.5x
Revenue (TTM)
$29.27B
Div. yield
–
Electronic Manufacturing Services Technology
3 wins

Head to Head

11 decided of 12

Ttm Technologies leads on 5 of the 12 questions below (Ttm Technologies 5, Flex 3, Deswell Industries 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDSWLTTMIFLEXLeader
Larger companyMarket capitalisation $47.45M $9.06B $30.60B FLEX
Cheaper on earningsLower P/E, profitable companies only 4.5x 38.3x 31.5x DSWL
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 16.2x 15.8x FLEX
Faster revenue growthRevenue growth, trailing twelve months — +27.6% +12.2% TTMI
More profitableNet margin, trailing twelve months — 7.0% 3.3% TTMI
Better return on capitalReturn on invested capital — 10.6% 11.3% FLEX
Less leveragedLower net debt / EBITDA — 1.0x 1.5x TTMI
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -13.1% +45.5% +19.8% TTMI
Better 5-year returnAnnualised price return, 5 years -5.5%/yr +44.5%/yr +41.1%/yr TTMI
Less volatileAnnualised volatility, 1 year 43.3% 90.5% 68.7% DSWL
Higher overall scoreMean of the five percentile scores vs peers 95/100 59/100 55/100 DSWL

Percentile Scorecard

DSWLTTMIFLEX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDSWLTTMIFLEX
Valuation 97 #4 of 111 51 #55 of 111 66 #38 of 111
Growth – 88 #14 of 108 49 #56 of 108
Profitability – 62 #40 of 104 56 #46 of 104
Financial Health 89 #14 of 115 37 #73 of 115 19 #93 of 115
Shareholder Returns 100 #1 of 81 – 84 #14 of 81
Overall 95 59 55
  • DSWL ranked among 121 companies in Computer Hardware
  • TTMI ranked among 121 companies in Computer Hardware
  • FLEX ranked among 121 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDSWLTTMIFLEXSPY
1 month -3.9%-33.8%-32.9% -0.8%
3 months -11.8%-30.9%-33.7% +3.5%
6 months -12.4%-40.7%-14.5% +7.0%
Year to date -13.9%+23.9%+27.4% +12.2%
1 year -13.1%+45.5%+19.8% +13.0%
3 years +31.9%+642.2%+297.3% +86.3%
3 years, per year +9.7%+95.2%+58.4% +23.1%
5 years -24.6%+528.7%+458.7% +68.6%
5 years, per year -5.5%+44.5%+41.1% +11.0%
10 years +71.3%+652.6%+645.3% +258.0%
10 years, per year +5.5%+22.4%+22.2% +13.6%

Risk

MeasureDSWLTTMIFLEXSPY
Volatility, 1Y 43.3%90.5%68.7% 12.7%
Downside volatility, 1Y 44.2%97.7%64.2% 12.7%
Beta vs S&P 500, 1Y 0.243.813.09 1.00
Return / volatility, 1Y -0.300.500.29 1.02
Max drawdown, 5Y -56.6%-66.6%-52.8% -25.4%
From 52-week high -26.6%-61.4%-52.5% -1.8%
52-week high $4.06$221.47$162.07 $779.14
52-week low $2.91$58.45$54.51 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDSWLTTMIFLEX
P/E now vs peer median 4.5xmedian 32.0x 37.7xmedian 32.0x 29.0xmedian 32.0x
P/S now vs peer median 0.8xmedian 2.8x 2.7xmedian 2.8x 1.0xmedian 2.8x
EV/EBITDA now vs peer median —median 19.4x 19.4xmedian 19.4x 19.8xmedian 19.4x
P/FCF now vs peer median 10.0xmedian 29.0x -594.9xmedian 29.0x 34.4xmedian 29.0x
P/B now vs peer median 0.4xmedian 2.9x 4.7xmedian 2.9x 5.2xmedian 2.9x
PEG now vs peer median —median 1.13 0.80median 1.13 2.01median 1.13

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDSWLTTMIFLEX
Revenue – $3.38B $29.27B
Gross profit – $715.64M $2.74B
Operating income – $334.16M $1.45B
Net income – $236.78M $973.00M
Free cash flow – -$15.14M $826.00M
R&D – $29.71M –
EPS (diluted) – $2.20 $2.60
Cash & equivalents $23.06M $507.91M $2.84B
Total debt – $3.72B $5.22B
Shares (diluted) 15.92M 107.58M 374.00M
Enterprise value -$147.84M $7.15B $20.07B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDSWLTTMIFLEX
P/E 4.5x 37.7x 29.0x
P/FCF 10.0x -594.9x 34.4x
P/Operating cash flow – 27.9x 18.2x
P/S 0.8x 2.7x 1.0x
P/B 0.4x 4.7x 5.2x
P/Tangible book 0.4x 5.0x 6.0x
EV/EBITDA – 19.4x 19.8x
EV/EBIT – 28.3x 21.3x
EV/Revenue – 2.8x 1.1x
EV/FCF – -625.7x 37.3x
EV/Operating cash flow – 29.3x 19.7x
PEG (3Y EPS CAGR) – 0.80 2.01

Growth

14 metrics
MetricDSWLTTMIFLEX
Revenue growth (1Y) – 27.6% 12.2%
Revenue CAGR (3Y) – 12.3% 1.0%
Gross profit growth (1Y) – 33.6% 21.3%
Gross profit CAGR (3Y) – 18.5% 11.7%
Operating income growth (1Y) – 94.3% 16.2%
Operating income CAGR (3Y) – 47.1% 14.0%
Net income growth (1Y) – 154.1% 9.2%
Net income CAGR (3Y) – 48.5% -2.5%
EPS growth (1Y) – 147.7% 11.2%
EPS CAGR (3Y) – 47.2% 14.4%
Operating cash flow growth (1Y) – 35.5% -0.1%
Operating cash flow CAGR (3Y) – – 19.4%
Free cash flow growth (1Y) – -185.8% -25.2%
Free cash flow CAGR (3Y) – – 54.7%

Profitability

14 metrics
MetricDSWLTTMIFLEX
Gross margin – 21.2% 9.4%
EBITDA margin – 14.5% 5.3%
Operating margin – 9.9% 5.0%
Pretax margin – 7.8% 4.4%
Net margin – 7.0% 3.3%
FCF margin – -0.4% 2.8%
Operating cash flow margin – 9.6% 5.3%
Return on equity – 12.6% 18.3%
Return on assets – 5.6% 4.1%
Return on invested capital – 10.6% 11.3%
Return on capital employed – 11.4% 13.9%
Asset turnover – 0.8x 1.2x
Cash conversion (OCF / net income) – 1.4x 1.6x
Stock comp / revenue – 1.8% –

Financial Health

11 metrics
MetricDSWLTTMIFLEX
Debt / assets – 22.0% 20.7%
Debt / equity – 0.5x 0.9x
Net debt / EBITDA – 1.0x 1.5x
Debt / FCF – -64.3x 6.3x
Liabilities / assets 15.8% 56.2% 78.2%
Equity / assets 84.2% 43.8% 21.8%
Interest coverage – 7.6x 6.5x
Current ratio 5.2x 1.8x 1.4x
Quick ratio 3.1x 1.4x 0.6x
Cash ratio 2.5x 0.4x 0.2x
Altman Z-score – 3.82 2.59

Shareholder Returns

7 metrics
MetricDSWLTTMIFLEX
Dividend yield 10.1% – –
Net buyback yield – – 2.5%
Shareholder yield 10.1% – 2.5%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDSWLTTMIFLEX
Forward P/E – 16.2xFY2026 15.8xFY2026
EPS, next fiscal year – $5.29FY2026 $4.88FY2026
EPS growth, next FY – +115.0%FY2026 +47.9%FY2026
EPS growth, the year after – +53.3% +38.7%
Revenue, next fiscal year – $4.26BFY2026 $36.41BFY2026
Revenue growth, next FY – +46.4%FY2026 +30.4%FY2026
Revenue growth, the year after – +60.2% +29.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDSWLTTMIFLEX
Held by institutions – 92.4% 94.3%
Institutions holding – 638 1,106
Change in shares held, QoQ – +0.6% -0.8%
Institutions buying – 396 674
Institutions selling – 202 342
Buyers to sellers – 1.96 1.97

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DSWLTTMIFLEX
DSWL 1.00 0.13 0.08
TTMI 0.13 1.00 0.62
FLEX 0.08 0.62 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DSWL, TTMI and FLEX?

Flex (FLEX) is the largest by market capitalisation: Deswell Industries (DSWL) $47.45M, Ttm Technologies (TTMI) $9.06B, Flex (FLEX) $30.60B.

Which stock is cheaper, DSWL, TTMI and FLEX?

Deswell Industries (DSWL) trades on the lowest price-to-earnings ratio (Deswell Industries (DSWL) 4.5x, Ttm Technologies (TTMI) 38.3x, Flex (FLEX) 31.5x). On next year's consensus earnings, Flex (FLEX) is cheapest (Ttm Technologies (TTMI) 16.2x, Flex (FLEX) 15.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Ttm Technologies (TTMI) grew revenue fastest over the trailing twelve months: Ttm Technologies (TTMI) +27.6%, Flex (FLEX) +12.2%.

Which company is more profitable?

Ttm Technologies (TTMI) has the highest net margin (Ttm Technologies (TTMI) 7.0%, Flex (FLEX) 3.3%). On return on invested capital, Flex (FLEX) leads (Ttm Technologies (TTMI) 10.6%, Flex (FLEX) 11.3%).

Which stock has performed better?

Over the past year Ttm Technologies (TTMI) returned the most: Deswell Industries (DSWL) -13.1%, Ttm Technologies (TTMI) +45.5%, Flex (FLEX) +19.8%. Over five years, Ttm Technologies (TTMI) compounded fastest (Deswell Industries (DSWL) -5.5%/yr, Ttm Technologies (TTMI) +44.5%/yr, Flex (FLEX) +41.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Deswell Industries (DSWL) has been the steadiest (Deswell Industries (DSWL) 43.3%, Ttm Technologies (TTMI) 90.5%, Flex (FLEX) 68.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DSWL, TTMI and FLEX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Ttm Technologies (TTMI) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.