Flex (FLEX) Net Margin (2009 - 2026)
Flex's (FLEX) quarterly Net Margin came in at 3.59% in Q2 2026, up 67.0% year-over-year from 2.15% in Q2 2025, and up 7.51% quarter-over-quarter from 3.34% in Q1 2026.
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Flex (FLEX) Net Margin (2009 - 2026) Analysis & Trends
Flex (FLEX) has reported Net Margin for 18 consecutive years, with 3.59% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 67.0% year-over-year to 3.59% in Q2 2026; TTM through Jun 2026 was 3.32%, a 9.0% decrease from a year earlier, with the FY2026 full-year figure at 3.15%, down 9.0% from the prior year.
- Net Margin was 3.59% for Q2 2026 at Flex, up from 3.34% in the prior quarter.
- Over five years, Net Margin peaked at 6.4% in Q1 2024 and troughed at 1.5% in Q1 2022.
- A 5-year average of 3.56% and a median of 3.39% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 301 bps in 2024 and tumbled 293 bps in 2025, its largest moves.
- Over 5 years, Net Margin stood at 4.15% in 2022, then retreated by 13 bps to 3.63% in 2023, then grew by 11 bps to 4.01% in 2024, then slipped by 16 bps to 3.39% in 2025, then grew by 6 bps to 3.59% in 2026.
- The last three Net Margin figures came in at 3.59% (Q2 2026), 3.34% (Q1 2026), and 3.39% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flex | 41.37 Bn | 38.53 Bn | 747.00 Mn | 3.59% |
| 2 | Celestica | 39.75 Bn | 39.22 Bn | 577.50 Mn | 7.38% |
| 3 | Jabil | 32.98 Bn | 31.62 Bn | 828.00 Mn | 3.14% |
| 4 | Fabrinet | 15.16 Bn | 14.28 Bn | 158.05 Mn | 10.58% |
| 5 | Ttm Technologies | 13.23 Bn | 12.72 Bn | 211.86 Mn | 8.27% |
| 6 | Sanmina | 11.08 Bn | 9.23 Bn | 363.31 Mn | 3.62% |
| 7 | Plexus | 6.61 Bn | 6.30 Bn | 131.38 Mn | 3.29% |
| 8 | Benchmark Electronics | 2.67 Bn | 2.35 Bn | 78.40 Mn | 2.63% |
| 9 | Kimball Electronics | 610.32 Mn | 521.39 Mn | 32.95 Mn | 2.29% |
| 10 | Eltek | 52.55 Mn | 41.04 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 3.59% |
| Mar 31, 2026 | 3.34% |
| Dec 31, 2025 | 3.39% |
| Sep 26, 2025 | 2.92% |
| Jun 27, 2025 | 2.92% |
| Mar 31, 2025 | 3.47% |
| Dec 31, 2024 | 4.01% |
| Sep 27, 2024 | 3.27% |
| Jun 28, 2024 | 2.20% |
| Mar 31, 2024 | 6.40% |
| Dec 31, 2023 | 3.63% |
| Sep 29, 2023 | 5.86% |
| Jun 30, 2023 | 3.06% |
| Mar 31, 2023 | 3.39% |
| Dec 31, 2022 | 4.15% |
| Sep 30, 2022 | 3.85% |
| Jul 1, 2022 | 3.07% |
| Mar 31, 2022 | 1.50% |
| Dec 31, 2021 | 3.43% |
| Oct 1, 2021 | 5.39% |