FLEX vs CLS vs TTMI Stock Comparison

Flex, Celestica and Ttm Technologies Prices as of Oct 26, 2026 Peers: Industry group
FLEX Flex Ltd.
$76.99 -32.9% 1M +19.8% 1Y
Market cap
$29.71B
P/E
30.5x
Revenue (TTM)
$29.27B
Div. yield
–
Electronic Manufacturing Services Technology
2 wins
CLS Celestica Inc
$246.25 -32.6% 1M -17.0% 1Y
Market cap
$33.30B
P/E
26.7x
Revenue (TTM)
$18.23B
Div. yield
–
Electronic Manufacturing Services Technology
7 wins
TTMI Ttm Technologies Inc
$85.50 -33.8% 1M +45.5% 1Y
Market cap
$9.28B
P/E
39.2x
Revenue (TTM)
$3.38B
Div. yield
–
Electronic Manufacturing Services Technology
2 wins

Head to Head

11 decided of 12

Celestica leads on 7 of the 12 questions below (Celestica 7, Flex 2, Ttm Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFLEXCLSTTMILeader
Larger companyMarket capitalisation $29.71B $33.30B $9.28B CLS
Cheaper on earningsLower P/E, profitable companies only 30.5x 26.7x 39.2x CLS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.8x 21.3x 16.2x FLEX
Faster revenue growthRevenue growth, trailing twelve months +12.2% +61.6% +27.6% CLS
More profitableNet margin, trailing twelve months 3.3% 6.8% 7.0% TTMI
Better return on capitalReturn on invested capital 11.3% 25.0% 10.6% CLS
Less leveragedLower net debt / EBITDA 1.5x -1.9x 1.0x CLS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +19.8% -17.0% +45.5% TTMI
Better 5-year returnAnnualised price return, 5 years +41.1%/yr +90.6%/yr +44.5%/yr CLS
Less volatileAnnualised volatility, 1 year 68.7% 79.2% 90.5% FLEX
Higher overall scoreMean of the five percentile scores vs peers 55/100 62/100 59/100 CLS

Percentile Scorecard

FLEXCLSTTMI

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

AxisFLEXCLSTTMI
Valuation 66 #38 of 111 69 #35 of 111 51 #55 of 111
Growth 49 #56 of 108 91 #11 of 108 88 #14 of 108
Profitability 56 #46 of 104 78 #24 of 104 62 #40 of 104
Financial Health 19 #93 of 115 57 #50 of 115 37 #73 of 115
Shareholder Returns 84 #14 of 81 16 #68 of 81 –
Overall 55 62 59
  • FLEX ranked among 121 companies in Computer Hardware
  • CLS ranked among 121 companies in Computer Hardware
  • TTMI ranked among 121 companies in Computer Hardware

Price Performance

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

Returns

PeriodFLEXCLSTTMISPY
1 month -32.9%-32.6%-33.8% -0.8%
3 months -33.7%-22.6%-30.9% +3.5%
6 months -14.5%-41.7%-40.7% +7.0%
Year to date +27.4%-16.7%+23.9% +12.2%
1 year +19.8%-17.0%+45.5% +13.0%
3 years +297.3%+1,000.3%+642.2% +86.3%
3 years, per year +58.4%+122.5%+95.2% +23.1%
5 years +458.7%+2,412.8%+528.7% +68.6%
5 years, per year +41.1%+90.6%+44.5% +11.0%
10 years +645.3%+1,983.3%+652.6% +258.0%
10 years, per year +22.2%+35.5%+22.4% +13.6%

Risk

MeasureFLEXCLSTTMISPY
Volatility, 1Y 68.7%79.2%90.5% 12.7%
Downside volatility, 1Y 64.2%86.3%97.7% 12.7%
Beta vs S&P 500, 1Y 3.093.353.81 1.00
Return / volatility, 1Y 0.29-0.210.50 1.02
Max drawdown, 5Y -52.8%-54.0%-66.6% -25.4%
From 52-week high -52.5%-47.9%-61.4% -1.8%
52-week high $162.07$472.40$221.47 $779.14
52-week low $54.51$246.25$58.45 $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.

MultipleFLEXCLSTTMI
P/E now vs peer median 29.0xmedian 32.0x 23.8xmedian 32.0x 37.7xmedian 32.0x
P/S now vs peer median 1.0xmedian 2.8x 1.7xmedian 2.8x 2.7xmedian 2.8x
EV/EBITDA now vs peer median 19.8xmedian 19.4x 16.5xmedian 19.4x 19.4xmedian 19.4x
P/FCF now vs peer median 34.4xmedian 29.0x 56.9xmedian 29.0x -594.9xmedian 29.0x
P/B now vs peer median 5.2xmedian 2.9x 5.0xmedian 2.9x 4.7xmedian 2.9x
PEG now vs peer median 2.01median 1.13 —median 1.13 0.80median 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 monthsFLEXCLSTTMI
Revenue $29.27B $18.23B $3.38B
Gross profit $2.74B $2.09B $715.64M
Operating income $1.45B $1.50B $334.16M
Net income $973.00M $1.25B $236.78M
Free cash flow $826.00M $545.40M -$15.14M
R&D – $168.90M $29.71M
EPS (diluted) $2.60 $10.23 $2.20
Cash & equivalents $2.84B $3.96B $507.91M
Total debt $5.22B $818.80M $3.72B
Shares (diluted) 374.00M 121.80M 107.58M
Enterprise value $19.17B $27.83B $7.37B

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
MetricFLEXCLSTTMI
P/E 29.0x 23.8x 37.7x
P/FCF 34.4x 56.9x -594.9x
P/Operating cash flow 18.2x 22.1x 27.9x
P/S 1.0x 1.7x 2.7x
P/B 5.2x 5.0x 4.7x
P/Tangible book 6.0x 5.2x 5.0x
EV/EBITDA 19.8x 16.5x 19.4x
EV/EBIT 21.3x 18.5x 28.3x
EV/Revenue 1.1x 1.5x 2.8x
EV/FCF 37.3x 51.2x -625.7x
EV/Operating cash flow 19.7x 19.8x 29.3x
PEG (3Y EPS CAGR) 2.01 – 0.80

Growth

14 metrics
MetricFLEXCLSTTMI
Revenue growth (1Y) 12.2% 61.6% 27.6%
Revenue CAGR (3Y) 1.0% – 12.3%
Gross profit growth (1Y) 21.3% 53.8% 33.6%
Gross profit CAGR (3Y) 11.7% – 18.5%
Operating income growth (1Y) 16.2% 62.0% 94.3%
Operating income CAGR (3Y) 14.0% – 47.1%
Net income growth (1Y) 9.2% 73.8% 154.1%
Net income CAGR (3Y) -2.5% – 48.5%
EPS growth (1Y) 11.2% 65.4% 147.7%
EPS CAGR (3Y) 14.4% – 47.2%
Operating cash flow growth (1Y) -0.1% 154.8% 35.5%
Operating cash flow CAGR (3Y) 19.4% – –
Free cash flow growth (1Y) -25.2% 37.0% -185.8%
Free cash flow CAGR (3Y) 54.7% – –

Profitability

14 metrics
MetricFLEXCLSTTMI
Gross margin 9.4% 11.5% 21.2%
EBITDA margin 5.3% 9.3% 14.5%
Operating margin 5.0% 8.3% 9.9%
Pretax margin 4.4% 8.0% 7.8%
Net margin 3.3% 6.8% 7.0%
FCF margin 2.8% 3.0% -0.4%
Operating cash flow margin 5.3% 7.7% 9.6%
Return on equity 18.3% 28.7% 12.6%
Return on assets 4.1% 10.0% 5.6%
Return on invested capital 11.3% 25.0% 10.6%
Return on capital employed 13.9% 32.1% 11.4%
Asset turnover 1.2x 1.5x 0.8x
Cash conversion (OCF / net income) 1.6x 1.1x 1.4x
Stock comp / revenue – 0.5% 1.8%

Financial Health

11 metrics
MetricFLEXCLSTTMI
Debt / assets 20.7% 5.4% 22.0%
Debt / equity 0.9x 0.1x 0.5x
Net debt / EBITDA 1.5x -1.9x 1.0x
Debt / FCF 6.3x 1.5x -64.3x
Liabilities / assets 78.2% 59.0% 56.2%
Equity / assets 21.8% 41.0% 43.8%
Interest coverage 6.5x 21.3x 7.6x
Current ratio 1.4x 1.6x 1.8x
Quick ratio 0.6x 1.0x 1.4x
Cash ratio 0.2x 0.5x 0.4x
Altman Z-score 2.59 – 3.82

Shareholder Returns

7 metrics
MetricFLEXCLSTTMI
Dividend yield – – –
Net buyback yield 2.5% -10.7% –
Shareholder yield 2.5% -10.7% –
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.

ConsensusFLEXCLSTTMI
Forward P/E 15.8xFY2026 21.3xFY2026 16.2xFY2026
EPS, next fiscal year $4.88FY2026 $11.54FY2026 $5.29FY2026
EPS growth, next FY +47.9%FY2026 +93.3%FY2026 +115.0%FY2026
EPS growth, the year after +38.7% +77.4% +53.3%
Revenue, next fiscal year $36.41BFY2026 $20.07BFY2026 $4.26BFY2026
Revenue growth, next FY +30.4%FY2026 +64.1%FY2026 +46.4%FY2026
Revenue growth, the year after +29.4% +70.3% +60.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFLEXCLSTTMI
Held by institutions 94.3% 69.0% 92.4%
Institutions holding 1,106 873 638
Change in shares held, QoQ -0.8% +5.0% +0.6%
Institutions buying 674 518 396
Institutions selling 342 272 202
Buyers to sellers 1.97 1.90 1.96

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.

FLEXCLSTTMI
FLEX 1.00 0.56 0.62
CLS 0.56 1.00 0.60
TTMI 0.62 0.60 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, FLEX, CLS and TTMI?

Celestica (CLS) is the largest by market capitalisation: Flex (FLEX) $29.71B, Celestica (CLS) $33.30B, Ttm Technologies (TTMI) $9.28B.

Which stock is cheaper, FLEX, CLS and TTMI?

Celestica (CLS) trades on the lowest price-to-earnings ratio (Flex (FLEX) 30.5x, Celestica (CLS) 26.7x, Ttm Technologies (TTMI) 39.2x). On next year's consensus earnings, Flex (FLEX) is cheapest (Flex (FLEX) 15.8x, Celestica (CLS) 21.3x, Ttm Technologies (TTMI) 16.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Celestica (CLS) grew revenue fastest over the trailing twelve months: Flex (FLEX) +12.2%, Celestica (CLS) +61.6%, Ttm Technologies (TTMI) +27.6%.

Which company is more profitable?

Ttm Technologies (TTMI) has the highest net margin (Flex (FLEX) 3.3%, Celestica (CLS) 6.8%, Ttm Technologies (TTMI) 7.0%). On return on invested capital, Celestica (CLS) leads (Flex (FLEX) 11.3%, Celestica (CLS) 25.0%, Ttm Technologies (TTMI) 10.6%).

Which stock has performed better?

Over the past year Ttm Technologies (TTMI) returned the most: Flex (FLEX) +19.8%, Celestica (CLS) -17.0%, Ttm Technologies (TTMI) +45.5%. Over five years, Celestica (CLS) compounded fastest (Flex (FLEX) +41.1%/yr, Celestica (CLS) +90.6%/yr, Ttm Technologies (TTMI) +44.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Flex (FLEX) has been the steadiest (Flex (FLEX) 68.7%, Celestica (CLS) 79.2%, Ttm Technologies (TTMI) 90.5%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Celestica (CLS) leads on 7. 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.