Flexsteel Industries (FLXS) financial statements
Flexsteel Industries reported revenue of $459M in fiscal 2026, down 0.2% a year over 9 years.
Net income was $33M and the operating margin 9.3%, against 7.9% in 2017.
Free cash flow was $48M, and the company returned $4M in dividends.
The diluted share count fell 31% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Flexsteel Industries's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $469M | $489M | $444M | $367M | $479M | $544M | $394M | $413M | $441M | $459M |
| Cost of revenue | $360M | $391M | $374M | $314M | $382M | $472M | $323M | $326M | $343M | $346M |
| Gross profit | $109M | $98M | $70M | $53M | $97M | $73M | $71M | $87M | $98M | $113M |
| Research and development | $4M | $4M | $4M | $4M | $2M | $3M | $2M | $2M | $2M | $3M |
| Selling, general and admin | $73M | $72M | $81M | $72M | $68M | $67M | $63M | $70M | $67M | $71M |
| Operating income | $37M | $25M | -$43M | -$34M | $31M | $7M | $11M | $17M | $27M | $43M |
| Interest expense | — | — | — | $82,000 | $10,000 | $835,000 | $1M | $2M | $70,000 | $22,000 |
| Pre-tax income | $38M | $25M | -$43M | -$34M | $31M | $6M | $9M | $16M | $27M | $44M |
| Income tax | $14M | $7M | -$10M | -$7M | $8M | $4M | -$6M | $5M | $7M | $11M |
| Net income | $24M | $18M | -$33M | -$27M | $23M | $2M | $15M | $11M | $20M | $33M |
| EPS (diluted) | $3.02 | $2.23 | -$4.13 | -$3.37 | $3.09 | $0.28 | $2.74 | $1.91 | $3.55 | $6.07 |
| Diluted shares | 8M | 8M | 8M | 8M | 7M | 7M | 5M | 6M | 6M | 5M |
| Gross margin | 23.2% | 20.1% | 15.8% | 14.5% | 20.2% | 13.4% | 18.0% | 21.1% | 22.2% | 24.7% |
| Operating margin | 7.9% | 5.0% | -9.7% | -9.4% | 6.5% | 1.2% | 2.7% | 4.1% | 6.0% | 9.3% |
| Net margin | 5.1% | 3.6% | -7.4% | -7.3% | 4.8% | 0.3% | 3.8% | 2.6% | 4.6% | 7.2% |
Balance sheet
Fiscal years, from Flexsteel Industries's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $29M | $28M | $22M | $48M | $1M | $2M | $3M | $5M | $40M | $17M |
| Receivables | $42M | $41M | $38M | $32M | $56M | $41M | $38M | $44M | $35M | $43M |
| Inventory | $99M | $96M | $94M | $71M | $161M | $141M | $122M | $97M | $89M | $91M |
| Total current assets | $195M | $190M | $166M | $182M | $229M | $190M | $171M | $155M | $172M | $158M |
| Property, plant and equipment | $71M | $91M | $79M | $43M | $40M | $39M | $39M | $37M | $36M | $36M |
| Total assets | $270M | $284M | $254M | $237M | $297M | $269M | $291M | $274M | $282M | $254M |
| Total current liabilities | $37M | $41M | $48M | $53M | $100M | $65M | $55M | $60M | $62M | $76M |
| Total liabilities | $39M | $4M | $49M | $62M | $129M | $137M | $149M | $124M | $115M | $121M |
| Shareholders' equity | $231M | $242M | $205M | $176M | $168M | $132M | $142M | $150M | $168M | $133M |
| Net debt | -$29M | -$28M | -$22M | -$48M | -$1M | -$2M | -$3M | -$5M | -$40M | -$17M |
Cash flow
Fiscal years, from Flexsteel Industries's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $26M | $27M | $7M | $18M | -$33M | $8M | $23M | $32M | $37M | $52M |
| Capital spending | $13M | $29M | $21M | $4M | $3M | $4M | $5M | $5M | $3M | $4M |
| Free cash flow | $13M | -$2M | -$15M | $15M | -$35M | $4M | $18M | $27M | $34M | $48M |
| Stock-based compensation | $2M | $501,000 | $1M | $5M | $4M | $1M | $3M | $5M | $4M | $5M |
| Dividends paid | $6M | $7M | $7M | $7M | $3M | $4M | $3M | $3M | $4M | $4M |
| Free cash flow margin | 2.8% | -0.4% | -3.3% | 4.0% | -7.4% | 0.8% | 4.6% | 6.6% | 7.6% | 10.4% |
| Dividends per share | $0.77 | $0.85 | $0.88 | $0.88 | $0.35 | $0.60 | $0.60 | $0.58 | $0.63 | $0.80 |
Questions
What was Flexsteel Industries's revenue in 2026?
$459M in fiscal 2026, from its 10-K filing.
How much free cash flow does Flexsteel Industries generate?
$48M in fiscal 2026 (operating cash flow minus capital spending).
From Flexsteel Industries's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.