Omega Flex, Inc. (OFLX) 10-Year Financial Performance & Capital Metrics

OFLX • • Industrial / General

IndustrialsIndustrial MachineryFluid Handling & Pumping SystemsIndustrial Pumps & Valves

AboutOmega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities. The company sells its products under the TracPipe, CounterStrike, AutoSnap, AutoFlare, DoubleTrac, DEF-Trac, and MediTrac brand names. It serves various markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products through independent sales representatives, distributors, original equipment manufacturers, and direct sales, as well as through its website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was incorporated in 1975 and is based in Exton, Pennsylvania.Show more

Revenue $102M -8.8%
EBITDA $23M -15.1%
Net Income $18M -13.2%
EPS (Diluted) 1.78 -13.6%
Gross Margin 61.23% -0.2%
EBITDA Margin 22.45% -7.0%
Operating Margin 21.21% -8.3%
Net Margin 17.72% -4.9%
ROE 22.23% -19.7%
ROIC 44.81% -16.5%
Debt/Equity 0.06 +69.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 28.6%
✓FCF machine: 18.5% free cash flow margin
✓Healthy dividend yield of 4.1%
✓Healthy 5Y average net margin of 18.8%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.78%

5Y-1.8%

3Y-7.87%

TTM-2.73%

Profit (Net Income) CAGR

10Y2.96%

5Y0.83%

3Y-11.73%

TTM-11.67%

EPS CAGR

10Y2.96%

5Y0.81%

3Y-11.86%

TTM-12.15%

ROCE

10Y Avg45.65%

5Y Avg44.31%

3Y Avg33.97%

Latest25.29%

Peer Comparison

Industrial Pumps & Valves

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GHMGraham Corporation	808.38M	73.57	66.28	13.13%	6%	10.71%	0.66%	0.06
HLIOHelios Technologies, Inc.	2.08B	62.91	53.77	-3.55%	4.18%	3.68%	4.56%	0.55
SPXCSPX Technologies, Inc.	10.65B	213.61	49.79	13.94%	10.34%	10.41%	2.33%	0.48
IRIngersoll Rand Inc.	34.5B	87.32	42.39	5.22%	7.31%	5.35%	3.62%	0.49
FLSFlowserve Corporation	9.74B	76.62	35.80	5.49%	9.66%	19.48%	3.53%	0.82
PHParker-Hannifin Corporation	119.19B	944.58	34.83	-0.4%	18.18%	26.41%	2.8%	0.69
GRCThe Gorman-Rupp Company	1.39B	52.87	34.56	0.02%	7.41%	12.4%	3.99%	1.04
KAIKadant Inc.	3.85B	327.28	34.52	9.99%	10.33%	11.29%	3.48%	0.38

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	93.28M	94.05M	101.8M	108.31M	111.36M	105.8M	130.01M	125.49M	111.47M	101.68M
Revenue Growth %	0.09%	0.01%	0.08%	0.06%	0.03%	-0.05%	0.23%	-0.03%	-0.11%	-0.09%
Cost of Goods Sold+	36.13M	36.17M	40.03M	42.22M	40.87M	39.25M	48.48M	47.18M	43.1M	39.42M
COGS % of Revenue	0.39%	0.38%	0.39%	0.39%	0.37%	0.37%	0.37%	0.38%	0.39%	0.39%
Gross Profit+	57.15M	57.88M	61.77M	66.1M	70.49M	66.55M	81.53M	78.31M	68.36M	62.26M
Gross Margin %	0.61%	0.62%	0.61%	0.61%	0.63%	0.63%	0.63%	0.62%	0.61%	0.61%
Gross Profit Growth %	0.14%	0.01%	0.07%	0.07%	0.07%	-0.06%	0.23%	-0.04%	-0.13%	-0.09%
Operating Expenses+	33.64M	35.99M	37.55M	39.73M	48.56M	39.9M	46.47M	47.29M	42.57M	40.69M
OpEx % of Revenue	0.36%	0.38%	0.37%	0.37%	0.44%	0.38%	0.36%	0.38%	0.38%	0.4%
Selling, General & Admin	30.96M	32.8M	34.26M	34.92M	43.85M	35.7M	41.86M	42.56M	38.7M	36.62M
SG&A % of Revenue	0.33%	0.35%	0.34%	0.32%	0.39%	0.34%	0.32%	0.34%	0.35%	0.36%
Research & Development	2.68M	3.19M	3.29M	4.81M	4.71M	4.2M	4.61M	4.73M	3.87M	4.07M
R&D % of Revenue	0.03%	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.04%
Other Operating Expenses	-12K	0	-38K	-126K	0	0	0	0	0	0
Operating Income+	23.5M	21.9M	24.22M	26.37M	21.92M	26.65M	35.06M	31.02M	25.8M	21.57M
Operating Margin %	0.25%	0.23%	0.24%	0.24%	0.2%	0.25%	0.27%	0.25%	0.23%	0.21%
Operating Income Growth %	0.14%	-0.07%	0.11%	0.09%	-0.17%	0.22%	0.32%	-0.12%	-0.17%	-0.16%
EBITDA+	23.96M	22.36M	24.72M	26.91M	22.64M	27.52M	36.08M	32.11M	26.9M	22.83M
EBITDA Margin %	0.26%	0.24%	0.24%	0.25%	0.2%	0.26%	0.28%	0.26%	0.24%	0.22%
EBITDA Growth %	0.13%	-0.07%	0.11%	0.09%	-0.16%	0.22%	0.31%	-0.11%	-0.16%	-0.15%
D&A (Non-Cash Add-back)	460K	459K	502K	543K	719K	870K	1.02M	1.1M	1.1M	1.25M
EBIT	23.56M	21.52M	24.3M	26.73M	22.85M	26.65M	35.12M	30.98M	25.8M	21.57M
Net Interest Income+	73K	98K	117K	488K	876K	-39K	35K	174K	1.7M	2.28M
Interest Income	73K	98K	117K	488K	876K	0	35K	174K	1.7M	2.28M
Interest Expense	0	0	0	0	0	39K	0	0	0	0
Other Income/Expense	61K	-376K	79K	362K	932K	-92K	56K	-37K	1.75M	2.05M
Pretax Income+	23.56M	21.52M	24.3M	26.73M	22.85M	26.56M	35.12M	30.98M	27.55M	23.62M
Pretax Margin %	0.25%	0.23%	0.24%	0.25%	0.21%	0.25%	0.27%	0.25%	0.25%	0.23%
Income Tax+	7.6M	6.97M	8.45M	6.45M	5.43M	6.59M	8.86M	7.33M	6.83M	5.71M
Effective Tax Rate %	0.67%	0.67%	0.64%	0.75%	0.76%	0.75%	0.75%	0.76%	0.75%	0.76%
Net Income+	15.79M	14.38M	15.66M	20.14M	17.29M	19.91M	26.2M	23.62M	20.76M	18.01M
Net Margin %	0.17%	0.15%	0.15%	0.19%	0.16%	0.19%	0.2%	0.19%	0.19%	0.18%
Net Income Growth %	0.17%	-0.09%	0.09%	0.29%	-0.14%	0.15%	0.32%	-0.1%	-0.12%	-0.13%
Net Income (Continuing)	15.96M	14.55M	15.85M	20.28M	17.43M	19.97M	26.26M	23.65M	20.72M	17.91M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	272K	382K	611K	252K	194K	260K	189K	196K	163K	67K
EPS (Diluted)+	1.56	1.42	1.55	2.00	1.71	1.97	2.60	2.34	2.06	1.78
EPS Growth %	0.17%	-0.09%	0.09%	0.29%	-0.14%	0.15%	0.32%	-0.1%	-0.12%	-0.14%
EPS (Basic)	1.56	1.42	1.55	2.00	1.71	1.97	2.60	2.34	2.06	1.78
Diluted Shares Outstanding	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M
Basic Shares Outstanding	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M
Dividend Payout Ratio	0.31%	0.6%	0.83%	0.49%	2.66%	0.57%	0.57%	0.4%	0.63%	0.75%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	56.69M	59.68M	63.48M	73.62M	46.32M	57.36M	71.74M	75.75M	80.19M	83.62M
Cash & Short-Term Investments	30.15M	35.32M	37.94M	47.34M	16.1M	23.63M	32.91M	37.7M	46.36M	51.7M
Cash Only	30.15M	35.32M	37.94M	32.39M	16.1M	23.63M	32.91M	37.7M	46.36M	51.7M
Short-Term Investments	0	0	0	14.94M	0	0	0	0	0	0
Accounts Receivable	16.61M	15.01M	15.64M	16.45M	17.05M	20.08M	20.73M	17.5M	15.36M	14.38M
Days Sales Outstanding	64.98	58.23	56.06	55.44	55.87	69.27	58.19	50.91	50.3	51.62
Inventory	8.29M	7.37M	8.01M	7.98M	11.08M	11.51M	15.56M	17.76M	15.6M	14.56M
Days Inventory Outstanding	83.71	74.4	73	68.96	98.93	107.05	117.19	137.42	132.09	134.81
Other Current Assets	1.65M	1.98M	1.9M	1.86M	2.1M	2.14M	2.53M	2.79M	2.87M	2.98M
Total Non-Current Assets+	9.58M	10.89M	13.62M	13.21M	14.66M	14.21M	17.18M	21.93M	20.05M	22.27M
Property, Plant & Equipment	4.64M	4.4M	7M	8.38M	9.68M	9.09M	11.94M	11.61M	11.89M	14.64M
Fixed Asset Turnover	20.11x	21.37x	14.55x	12.93x	11.50x	11.64x	10.89x	10.81x	9.37x	6.94x
Goodwill	3.53M	3.53M	3.53M	3.53M	3.53M	3.53M	3.53M	3.53M	3.53M	3.53M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	1.3M	2.94M	3.08M	1.31M	1.45M	1.59M	1.7M	5.87M	4.44M	3.73M
Total Assets+	66.27M	70.56M	77.09M	86.84M	60.98M	71.57M	88.92M	97.68M	100.23M	105.89M
Asset Turnover	1.41x	1.33x	1.32x	1.25x	1.83x	1.48x	1.46x	1.28x	1.11x	0.96x
Asset Growth %	0.2%	0.06%	0.09%	0.13%	-0.3%	0.17%	0.24%	0.1%	0.03%	0.06%
Total Current Liabilities+	23.55M	22.73M	18.1M	18.41M	20.48M	21.87M	22.79M	22.39M	18.08M	17.44M
Accounts Payable	2.49M	2.31M	2.6M	2.77M	2.38M	2.47M	3.35M	2.29M	2.09M	2.66M
Days Payables Outstanding	25.14	23.32	23.69	23.99	21.28	22.98	25.26	17.72	17.7	24.64
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	11.74M	11.89M	5.58M	5.46M	10.02M	11M	11.87M	11.31M	7.59M	6.05M
Current Ratio	2.41x	2.62x	3.51x	4.00x	2.26x	2.62x	3.15x	3.38x	4.43x	4.80x
Quick Ratio	2.06x	2.30x	3.06x	3.57x	1.72x	2.10x	2.46x	2.59x	3.57x	3.96x
Cash Conversion Cycle	123.55	109.31	105.38	100.4	133.52	153.33	150.11	170.62	164.69	161.8
Total Non-Current Liabilities+	1.57M	1.77M	2.92M	2.11M	2.92M	3.32M	5.58M	4.13M	3.3M	5.27M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	418K	252K	2.99M	2.76M	2.49M	4.57M
Deferred Tax Liabilities	368K	145K	209K	566K	331K	121K	427K	6K	0	181K
Other Non-Current Liabilities	1.2M	1.62M	2.71M	1.54M	2.17M	2.95M	2.16M	1.36M	808K	525K
Total Liabilities	25.12M	24.5M	21.02M	20.52M	23.41M	25.19M	28.37M	26.51M	21.38M	22.71M
Total Debt+	0	0	0	0	787K	499K	3.37M	3.21M	2.95M	5.28M
Net Debt	-30.15M	-35.32M	-37.94M	-32.39M	-15.31M	-23.13M	-29.54M	-34.49M	-43.41M	-46.42M
Debt / Equity	-	-	-	-	0.02x	0.01x	0.06x	0.05x	0.04x	0.06x
Debt / EBITDA	-	-	-	-	0.03x	0.02x	0.09x	0.10x	0.11x	0.23x
Net Debt / EBITDA	-1.26x	-1.58x	-1.53x	-1.20x	-0.68x	-0.84x	-0.82x	-1.07x	-1.61x	-2.03x
Interest Coverage	-	-	-	-	-	683.41x	-	-	-	-
Total Equity+	41.15M	46.06M	56.07M	66.32M	37.58M	46.38M	60.54M	71.17M	78.85M	83.18M
Equity Growth %	0.21%	0.12%	0.22%	0.18%	-0.43%	0.23%	0.31%	0.18%	0.11%	0.05%
Book Value per Share	4.08	4.56	5.56	6.57	3.72	4.59	6.00	7.05	7.81	8.24
Total Shareholders' Equity	40.88M	45.68M	55.46M	66.07M	37.38M	46.12M	60.35M	70.98M	78.69M	83.11M
Common Stock	102K	102K	102K	102K	102K	102K	102K	102K	102K	102K
Retained Earnings	30.66M	36.45M	45.46M	56.11M	27.16M	35.77M	50.05M	60.95M	68.49M	72.88M
Treasury Stock	-1K	-1K	-1K	-1K	-1K	-1K	-1K	-1K	-1K	-1K
Accumulated OCI	-683K	-1.69M	-908K	-950K	-909K	-778K	-827K	-1.1M	-930K	-892K
Minority Interest	272K	382K	611K	252K	194K	260K	189K	196K	163K	67K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	13.25M	14.76M	18.05M	21.06M	16.04M	19.31M	25.15M	15.25M	23.42M	20.86M
Operating CF Margin %	0.14%	0.16%	0.18%	0.19%	0.14%	0.18%	0.19%	0.12%	0.21%	0.21%
Operating CF Growth %	-0.11%	0.11%	0.22%	0.17%	-0.24%	0.2%	0.3%	-0.39%	0.54%	-0.11%
Net Income	15.96M	14.55M	15.85M	20.28M	17.43M	19.97M	26.26M	23.65M	20.76M	17.91M
Depreciation & Amortization	460K	459K	502K	543K	719K	870K	1.02M	1.1M	1.1M	1.25M
Stock-Based Compensation	177K	996K	1.04M	118K	2.47M	1.45M	506K	156K	292K	54K
Deferred Taxes	-638K	-139K	72K	366K	-236K	-212K	305K	-1.34M	728K	5K
Other Non-Cash Items	227K	175K	177K	-48K	733K	-254K	387K	-210K	1.53M	677K
Working Capital Changes	-2.94M	-1.28M	409K	-198K	-5.07M	-2.51M	-3.33M	-8.11M	-991K	951K
Change in Receivables	-3.17M	1.22M	-463K	-979K	-1.28M	-2.68M	-943K	3.4M	2.18M	1.23M
Change in Inventory	-1.04M	585K	-699K	61K	-3.02M	-440K	-4.18M	-2.58M	1.23M	829K
Change in Payables	158K	-108K	251K	205K	-401K	79K	894K	-1M	-205K	574K
Cash from Investing+	-620K	-233K	-3.09M	-16.87M	13.72M	-564K	-971K	-942K	-1.64M	-2.01M
Capital Expenditures	-620K	-233K	-3.09M	-1.92M	-1.23M	-564K	-971K	-942K	-1.64M	-2.01M
CapEx % of Revenue	0.01%	0%	0.03%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	-1.92M	-1.23M	0	0	0	0	0
Cash from Financing+	-4.95M	-8.58M	-13.02M	-9.78M	-46.03M	-11.31M	-14.87M	-9.49M	-13.12M	-13.53M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-4.95M	-8.58M	-13.02M	-9.78M	-46.03M	-11.31M	-14.87M	-9.49M	-13.12M	-13.53M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	12.63M	14.53M	14.96M	19.13M	14.82M	18.75M	24.18M	14.3M	21.78M	18.85M
FCF Margin %	0.14%	0.15%	0.15%	0.18%	0.13%	0.18%	0.19%	0.11%	0.2%	0.19%
FCF Growth %	-0.14%	0.15%	0.03%	0.28%	-0.23%	0.27%	0.29%	-0.41%	0.52%	-0.13%
FCF per Share	1.25	1.44	1.48	1.90	1.47	1.86	2.40	1.42	2.16	1.87
FCF Conversion (FCF/Net Income)	0.84x	1.03x	1.15x	1.05x	0.93x	0.97x	0.96x	0.65x	1.13x	1.16x
Interest Paid	0	0	0	0	0	112K	0	0	0	0
Taxes Paid	8.44M	7.06M	7.61M	7.31M	5.43M	6.44M	9.6M	8.68M	6.06M	5.54M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	42.03%	32.97%	30.67%	32.91%	33.28%	47.43%	49%	35.87%	27.68%	22.23%
Return on Invested Capital (ROIC)	157.48%	151.05%	125.81%	75.97%	58.52%	87.85%	96.96%	68.74%	53.66%	44.81%
Gross Margin	61.26%	61.55%	60.67%	61.02%	63.3%	62.9%	62.71%	62.4%	61.33%	61.23%
Net Margin	16.93%	15.29%	15.39%	18.59%	15.52%	18.82%	20.15%	18.82%	18.63%	17.72%
Debt / Equity	-	-	-	-	0.02x	0.01x	0.06x	0.05x	0.04x	0.06x
Interest Coverage	-	-	-	-	-	683.41x	-	-	-	-
FCF Conversion	0.84x	1.03x	1.15x	1.05x	0.93x	0.97x	0.96x	0.65x	1.13x	1.16x
Revenue Growth	9.46%	0.83%	8.24%	6.4%	2.81%	-5%	22.89%	-3.48%	-11.17%	-8.78%

Frequently Asked Questions

Valuation & Price

Omega Flex, Inc. (OFLX) has a price-to-earnings (P/E) ratio of 18.3x. This is roughly in line with market averages.

Growth & Financials

Omega Flex, Inc. (OFLX) reported $100.1M in revenue for fiscal year 2024. This represents a 85% increase from $54.2M in 2011.

Omega Flex, Inc. (OFLX) saw revenue decline by 8.8% over the past year.

Yes, Omega Flex, Inc. (OFLX) is profitable, generating $16.1M in net income for fiscal year 2024 (17.7% net margin).

Dividend & Returns

Yes, Omega Flex, Inc. (OFLX) pays a dividend with a yield of 4.12%. This makes it attractive for income-focused investors.

Omega Flex, Inc. (OFLX) has a return on equity (ROE) of 22.2%. This is excellent, indicating efficient use of shareholder capital.

Omega Flex, Inc. (OFLX) generated $17.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Omega Flex, Inc. (OFLX) 10-Year Financial Performance & Capital Metrics

OFLX • • Industrial / General

IndustrialsIndustrial MachineryFluid Handling & Pumping SystemsIndustrial Pumps & Valves

Revenue $102M -8.8%
EBITDA $23M -15.1%
Net Income $18M -13.2%
EPS (Diluted) 1.78 -13.6%
Gross Margin 61.23% -0.2%
EBITDA Margin 22.45% -7.0%
Operating Margin 21.21% -8.3%
Net Margin 17.72% -4.9%
ROE 22.23% -19.7%
ROIC 44.81% -16.5%
Debt/Equity 0.06 +69.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 28.6%
✓FCF machine: 18.5% free cash flow margin
✓Healthy dividend yield of 4.1%
✓Healthy 5Y average net margin of 18.8%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.78%

5Y-1.8%

3Y-7.87%

TTM-2.73%

Profit (Net Income) CAGR

10Y2.96%

5Y0.83%

3Y-11.73%

TTM-11.67%

EPS CAGR

10Y2.96%

5Y0.81%

3Y-11.86%

TTM-12.15%

ROCE

10Y Avg45.65%

5Y Avg44.31%

3Y Avg33.97%

Latest25.29%

Peer Comparison

Industrial Pumps & Valves

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GHMGraham Corporation	808.38M	73.57	66.28	13.13%	6%	10.71%	0.66%	0.06
HLIOHelios Technologies, Inc.	2.08B	62.91	53.77	-3.55%	4.18%	3.68%	4.56%	0.55
SPXCSPX Technologies, Inc.	10.65B	213.61	49.79	13.94%	10.34%	10.41%	2.33%	0.48
IRIngersoll Rand Inc.	34.5B	87.32	42.39	5.22%	7.31%	5.35%	3.62%	0.49
FLSFlowserve Corporation	9.74B	76.62	35.80	5.49%	9.66%	19.48%	3.53%	0.82
PHParker-Hannifin Corporation	119.19B	944.58	34.83	-0.4%	18.18%	26.41%	2.8%	0.69
GRCThe Gorman-Rupp Company	1.39B	52.87	34.56	0.02%	7.41%	12.4%	3.99%	1.04
KAIKadant Inc.	3.85B	327.28	34.52	9.99%	10.33%	11.29%	3.48%	0.38

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	93.28M	94.05M	101.8M	108.31M	111.36M	105.8M	130.01M	125.49M	111.47M	101.68M
Revenue Growth %	0.09%	0.01%	0.08%	0.06%	0.03%	-0.05%	0.23%	-0.03%	-0.11%	-0.09%
Cost of Goods Sold+	36.13M	36.17M	40.03M	42.22M	40.87M	39.25M	48.48M	47.18M	43.1M	39.42M
COGS % of Revenue	0.39%	0.38%	0.39%	0.39%	0.37%	0.37%	0.37%	0.38%	0.39%	0.39%
Gross Profit+	57.15M	57.88M	61.77M	66.1M	70.49M	66.55M	81.53M	78.31M	68.36M	62.26M
Gross Margin %	0.61%	0.62%	0.61%	0.61%	0.63%	0.63%	0.63%	0.62%	0.61%	0.61%
Gross Profit Growth %	0.14%	0.01%	0.07%	0.07%	0.07%	-0.06%	0.23%	-0.04%	-0.13%	-0.09%
Operating Expenses+	33.64M	35.99M	37.55M	39.73M	48.56M	39.9M	46.47M	47.29M	42.57M	40.69M
OpEx % of Revenue	0.36%	0.38%	0.37%	0.37%	0.44%	0.38%	0.36%	0.38%	0.38%	0.4%
Selling, General & Admin	30.96M	32.8M	34.26M	34.92M	43.85M	35.7M	41.86M	42.56M	38.7M	36.62M
SG&A % of Revenue	0.33%	0.35%	0.34%	0.32%	0.39%	0.34%	0.32%	0.34%	0.35%	0.36%
Research & Development	2.68M	3.19M	3.29M	4.81M	4.71M	4.2M	4.61M	4.73M	3.87M	4.07M
R&D % of Revenue	0.03%	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.04%
Other Operating Expenses	-12K	0	-38K	-126K	0	0	0	0	0	0
Operating Income+	23.5M	21.9M	24.22M	26.37M	21.92M	26.65M	35.06M	31.02M	25.8M	21.57M
Operating Margin %	0.25%	0.23%	0.24%	0.24%	0.2%	0.25%	0.27%	0.25%	0.23%	0.21%
Operating Income Growth %	0.14%	-0.07%	0.11%	0.09%	-0.17%	0.22%	0.32%	-0.12%	-0.17%	-0.16%
EBITDA+	23.96M	22.36M	24.72M	26.91M	22.64M	27.52M	36.08M	32.11M	26.9M	22.83M
EBITDA Margin %	0.26%	0.24%	0.24%	0.25%	0.2%	0.26%	0.28%	0.26%	0.24%	0.22%
EBITDA Growth %	0.13%	-0.07%	0.11%	0.09%	-0.16%	0.22%	0.31%	-0.11%	-0.16%	-0.15%
D&A (Non-Cash Add-back)	460K	459K	502K	543K	719K	870K	1.02M	1.1M	1.1M	1.25M
EBIT	23.56M	21.52M	24.3M	26.73M	22.85M	26.65M	35.12M	30.98M	25.8M	21.57M
Net Interest Income+	73K	98K	117K	488K	876K	-39K	35K	174K	1.7M	2.28M
Interest Income	73K	98K	117K	488K	876K	0	35K	174K	1.7M	2.28M
Interest Expense	0	0	0	0	0	39K	0	0	0	0
Other Income/Expense	61K	-376K	79K	362K	932K	-92K	56K	-37K	1.75M	2.05M
Pretax Income+	23.56M	21.52M	24.3M	26.73M	22.85M	26.56M	35.12M	30.98M	27.55M	23.62M
Pretax Margin %	0.25%	0.23%	0.24%	0.25%	0.21%	0.25%	0.27%	0.25%	0.25%	0.23%
Income Tax+	7.6M	6.97M	8.45M	6.45M	5.43M	6.59M	8.86M	7.33M	6.83M	5.71M
Effective Tax Rate %	0.67%	0.67%	0.64%	0.75%	0.76%	0.75%	0.75%	0.76%	0.75%	0.76%
Net Income+	15.79M	14.38M	15.66M	20.14M	17.29M	19.91M	26.2M	23.62M	20.76M	18.01M
Net Margin %	0.17%	0.15%	0.15%	0.19%	0.16%	0.19%	0.2%	0.19%	0.19%	0.18%
Net Income Growth %	0.17%	-0.09%	0.09%	0.29%	-0.14%	0.15%	0.32%	-0.1%	-0.12%	-0.13%
Net Income (Continuing)	15.96M	14.55M	15.85M	20.28M	17.43M	19.97M	26.26M	23.65M	20.72M	17.91M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	272K	382K	611K	252K	194K	260K	189K	196K	163K	67K
EPS (Diluted)+	1.56	1.42	1.55	2.00	1.71	1.97	2.60	2.34	2.06	1.78
EPS Growth %	0.17%	-0.09%	0.09%	0.29%	-0.14%	0.15%	0.32%	-0.1%	-0.12%	-0.14%
EPS (Basic)	1.56	1.42	1.55	2.00	1.71	1.97	2.60	2.34	2.06	1.78
Diluted Shares Outstanding	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M
Basic Shares Outstanding	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M	10.09M
Dividend Payout Ratio	0.31%	0.6%	0.83%	0.49%	2.66%	0.57%	0.57%	0.4%	0.63%	0.75%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	56.69M	59.68M	63.48M	73.62M	46.32M	57.36M	71.74M	75.75M	80.19M	83.62M
Cash & Short-Term Investments	30.15M	35.32M	37.94M	47.34M	16.1M	23.63M	32.91M	37.7M	46.36M	51.7M
Cash Only	30.15M	35.32M	37.94M	32.39M	16.1M	23.63M	32.91M	37.7M	46.36M	51.7M
Short-Term Investments	0	0	0	14.94M	0	0	0	0	0	0
Accounts Receivable	16.61M	15.01M	15.64M	16.45M	17.05M	20.08M	20.73M	17.5M	15.36M	14.38M
Days Sales Outstanding	64.98	58.23	56.06	55.44	55.87	69.27	58.19	50.91	50.3	51.62
Inventory	8.29M	7.37M	8.01M	7.98M	11.08M	11.51M	15.56M	17.76M	15.6M	14.56M
Days Inventory Outstanding	83.71	74.4	73	68.96	98.93	107.05	117.19	137.42	132.09	134.81
Other Current Assets	1.65M	1.98M	1.9M	1.86M	2.1M	2.14M	2.53M	2.79M	2.87M	2.98M
Total Non-Current Assets+	9.58M	10.89M	13.62M	13.21M	14.66M	14.21M	17.18M	21.93M	20.05M	22.27M
Property, Plant & Equipment	4.64M	4.4M	7M	8.38M	9.68M	9.09M	11.94M	11.61M	11.89M	14.64M
Fixed Asset Turnover	20.11x	21.37x	14.55x	12.93x	11.50x	11.64x	10.89x	10.81x	9.37x	6.94x
Goodwill	3.53M	3.53M	3.53M	3.53M	3.53M	3.53M	3.53M	3.53M	3.53M	3.53M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	1.3M	2.94M	3.08M	1.31M	1.45M	1.59M	1.7M	5.87M	4.44M	3.73M
Total Assets+	66.27M	70.56M	77.09M	86.84M	60.98M	71.57M	88.92M	97.68M	100.23M	105.89M
Asset Turnover	1.41x	1.33x	1.32x	1.25x	1.83x	1.48x	1.46x	1.28x	1.11x	0.96x
Asset Growth %	0.2%	0.06%	0.09%	0.13%	-0.3%	0.17%	0.24%	0.1%	0.03%	0.06%
Total Current Liabilities+	23.55M	22.73M	18.1M	18.41M	20.48M	21.87M	22.79M	22.39M	18.08M	17.44M
Accounts Payable	2.49M	2.31M	2.6M	2.77M	2.38M	2.47M	3.35M	2.29M	2.09M	2.66M
Days Payables Outstanding	25.14	23.32	23.69	23.99	21.28	22.98	25.26	17.72	17.7	24.64
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	11.74M	11.89M	5.58M	5.46M	10.02M	11M	11.87M	11.31M	7.59M	6.05M
Current Ratio	2.41x	2.62x	3.51x	4.00x	2.26x	2.62x	3.15x	3.38x	4.43x	4.80x
Quick Ratio	2.06x	2.30x	3.06x	3.57x	1.72x	2.10x	2.46x	2.59x	3.57x	3.96x
Cash Conversion Cycle	123.55	109.31	105.38	100.4	133.52	153.33	150.11	170.62	164.69	161.8
Total Non-Current Liabilities+	1.57M	1.77M	2.92M	2.11M	2.92M	3.32M	5.58M	4.13M	3.3M	5.27M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	418K	252K	2.99M	2.76M	2.49M	4.57M
Deferred Tax Liabilities	368K	145K	209K	566K	331K	121K	427K	6K	0	181K
Other Non-Current Liabilities	1.2M	1.62M	2.71M	1.54M	2.17M	2.95M	2.16M	1.36M	808K	525K
Total Liabilities	25.12M	24.5M	21.02M	20.52M	23.41M	25.19M	28.37M	26.51M	21.38M	22.71M
Total Debt+	0	0	0	0	787K	499K	3.37M	3.21M	2.95M	5.28M
Net Debt	-30.15M	-35.32M	-37.94M	-32.39M	-15.31M	-23.13M	-29.54M	-34.49M	-43.41M	-46.42M
Debt / Equity	-	-	-	-	0.02x	0.01x	0.06x	0.05x	0.04x	0.06x
Debt / EBITDA	-	-	-	-	0.03x	0.02x	0.09x	0.10x	0.11x	0.23x
Net Debt / EBITDA	-1.26x	-1.58x	-1.53x	-1.20x	-0.68x	-0.84x	-0.82x	-1.07x	-1.61x	-2.03x
Interest Coverage	-	-	-	-	-	683.41x	-	-	-	-
Total Equity+	41.15M	46.06M	56.07M	66.32M	37.58M	46.38M	60.54M	71.17M	78.85M	83.18M
Equity Growth %	0.21%	0.12%	0.22%	0.18%	-0.43%	0.23%	0.31%	0.18%	0.11%	0.05%
Book Value per Share	4.08	4.56	5.56	6.57	3.72	4.59	6.00	7.05	7.81	8.24
Total Shareholders' Equity	40.88M	45.68M	55.46M	66.07M	37.38M	46.12M	60.35M	70.98M	78.69M	83.11M
Common Stock	102K	102K	102K	102K	102K	102K	102K	102K	102K	102K
Retained Earnings	30.66M	36.45M	45.46M	56.11M	27.16M	35.77M	50.05M	60.95M	68.49M	72.88M
Treasury Stock	-1K	-1K	-1K	-1K	-1K	-1K	-1K	-1K	-1K	-1K
Accumulated OCI	-683K	-1.69M	-908K	-950K	-909K	-778K	-827K	-1.1M	-930K	-892K
Minority Interest	272K	382K	611K	252K	194K	260K	189K	196K	163K	67K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	13.25M	14.76M	18.05M	21.06M	16.04M	19.31M	25.15M	15.25M	23.42M	20.86M
Operating CF Margin %	0.14%	0.16%	0.18%	0.19%	0.14%	0.18%	0.19%	0.12%	0.21%	0.21%
Operating CF Growth %	-0.11%	0.11%	0.22%	0.17%	-0.24%	0.2%	0.3%	-0.39%	0.54%	-0.11%
Net Income	15.96M	14.55M	15.85M	20.28M	17.43M	19.97M	26.26M	23.65M	20.76M	17.91M
Depreciation & Amortization	460K	459K	502K	543K	719K	870K	1.02M	1.1M	1.1M	1.25M
Stock-Based Compensation	177K	996K	1.04M	118K	2.47M	1.45M	506K	156K	292K	54K
Deferred Taxes	-638K	-139K	72K	366K	-236K	-212K	305K	-1.34M	728K	5K
Other Non-Cash Items	227K	175K	177K	-48K	733K	-254K	387K	-210K	1.53M	677K
Working Capital Changes	-2.94M	-1.28M	409K	-198K	-5.07M	-2.51M	-3.33M	-8.11M	-991K	951K
Change in Receivables	-3.17M	1.22M	-463K	-979K	-1.28M	-2.68M	-943K	3.4M	2.18M	1.23M
Change in Inventory	-1.04M	585K	-699K	61K	-3.02M	-440K	-4.18M	-2.58M	1.23M	829K
Change in Payables	158K	-108K	251K	205K	-401K	79K	894K	-1M	-205K	574K
Cash from Investing+	-620K	-233K	-3.09M	-16.87M	13.72M	-564K	-971K	-942K	-1.64M	-2.01M
Capital Expenditures	-620K	-233K	-3.09M	-1.92M	-1.23M	-564K	-971K	-942K	-1.64M	-2.01M
CapEx % of Revenue	0.01%	0%	0.03%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	-1.92M	-1.23M	0	0	0	0	0
Cash from Financing+	-4.95M	-8.58M	-13.02M	-9.78M	-46.03M	-11.31M	-14.87M	-9.49M	-13.12M	-13.53M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-4.95M	-8.58M	-13.02M	-9.78M	-46.03M	-11.31M	-14.87M	-9.49M	-13.12M	-13.53M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	12.63M	14.53M	14.96M	19.13M	14.82M	18.75M	24.18M	14.3M	21.78M	18.85M
FCF Margin %	0.14%	0.15%	0.15%	0.18%	0.13%	0.18%	0.19%	0.11%	0.2%	0.19%
FCF Growth %	-0.14%	0.15%	0.03%	0.28%	-0.23%	0.27%	0.29%	-0.41%	0.52%	-0.13%
FCF per Share	1.25	1.44	1.48	1.90	1.47	1.86	2.40	1.42	2.16	1.87
FCF Conversion (FCF/Net Income)	0.84x	1.03x	1.15x	1.05x	0.93x	0.97x	0.96x	0.65x	1.13x	1.16x
Interest Paid	0	0	0	0	0	112K	0	0	0	0
Taxes Paid	8.44M	7.06M	7.61M	7.31M	5.43M	6.44M	9.6M	8.68M	6.06M	5.54M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	42.03%	32.97%	30.67%	32.91%	33.28%	47.43%	49%	35.87%	27.68%	22.23%
Return on Invested Capital (ROIC)	157.48%	151.05%	125.81%	75.97%	58.52%	87.85%	96.96%	68.74%	53.66%	44.81%
Gross Margin	61.26%	61.55%	60.67%	61.02%	63.3%	62.9%	62.71%	62.4%	61.33%	61.23%
Net Margin	16.93%	15.29%	15.39%	18.59%	15.52%	18.82%	20.15%	18.82%	18.63%	17.72%
Debt / Equity	-	-	-	-	0.02x	0.01x	0.06x	0.05x	0.04x	0.06x
Interest Coverage	-	-	-	-	-	683.41x	-	-	-	-
FCF Conversion	0.84x	1.03x	1.15x	1.05x	0.93x	0.97x	0.96x	0.65x	1.13x	1.16x
Revenue Growth	9.46%	0.83%	8.24%	6.4%	2.81%	-5%	22.89%	-3.48%	-11.17%	-8.78%

Frequently Asked Questions

Valuation & Price

Omega Flex, Inc. (OFLX) has a price-to-earnings (P/E) ratio of 18.3x. This is roughly in line with market averages.

Growth & Financials

Omega Flex, Inc. (OFLX) reported $100.1M in revenue for fiscal year 2024. This represents a 85% increase from $54.2M in 2011.

Omega Flex, Inc. (OFLX) saw revenue decline by 8.8% over the past year.

Yes, Omega Flex, Inc. (OFLX) is profitable, generating $16.1M in net income for fiscal year 2024 (17.7% net margin).

Dividend & Returns

Yes, Omega Flex, Inc. (OFLX) pays a dividend with a yield of 4.12%. This makes it attractive for income-focused investors.

Omega Flex, Inc. (OFLX) has a return on equity (ROE) of 22.2%. This is excellent, indicating efficient use of shareholder capital.

Omega Flex, Inc. (OFLX) generated $17.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.