Flex (FLEX) Return on Invested Capital [ROIC] (2009 - 2026)
Flex (FLEX) recorded Return on Invested Capital [ROIC] of 11.28% in fiscal Q1 2027 (quarter ended Jun 26, 2026), down 0.53 percentage points from 11.81% a year earlier and down 0.13 percentage points from the prior quarter.
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Analysis
Flex (FLEX) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2026 (ended Mar 31, 2026), Flex reported Return on Invested Capital [ROIC] of 11.98%, up 0.89 percentage points from FY2025.
- Annual Return on Invested Capital [ROIC] has a five-year change of +1.38 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Return on Invested Capital [ROIC] came in at 11.08% in FY2025 (+1.60 pp), 9.49% in FY2024 (-0.23 pp), 9.71% in FY2023 (-0.65 pp) and 10.36% in FY2022 (-0.23 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 7.75% in fiscal Q3 2024 to 12.55% in fiscal Q2 2022 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in six of the last eight quarters, with an average year-over-year change of +1.15 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 5.22 percentage points in fiscal Q2 2022, against a drop of 2.98 percentage points in fiscal Q3 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 11.42% (Q4 2026), 10.96% (Q3 2026) and 11.61% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 66.86% |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 15.92% |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 37.37% |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | - |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 73.74% |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 66.09% |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 40.01% |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 12.73% |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 8.09% |
| 10 | Flex | 43.07 Bn | 32.54 Bn | 747.00 Mn | 11.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 11.28% |
| Mar 31, 2026 | 11.42% |
| Dec 31, 2025 | 10.96% |
| Sep 26, 2025 | 11.61% |
| Jun 27, 2025 | 11.81% |
| Mar 31, 2025 | 11.03% |
| Dec 31, 2024 | 11.77% |
| Sep 27, 2024 | 10.48% |
| Jun 28, 2024 | 10.37% |
| Mar 31, 2024 | 9.24% |
| Dec 31, 2023 | 7.75% |
| Sep 29, 2023 | 8.73% |
| Jun 30, 2023 | 8.96% |
| Mar 31, 2023 | 9.61% |
| Dec 31, 2022 | 10.73% |
| Sep 30, 2022 | 10.97% |
| Jul 1, 2022 | 10.52% |
| Mar 31, 2022 | 10.70% |
| Dec 31, 2021 | 12.13% |
| Oct 1, 2021 | 12.55% |
API Access
Flex Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=FLEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "FLEX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=FLEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();