Flexsteel Industries, Inc. (FLXS) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Furnishings, Fixtures & Appliances
EV/EBITDA
↓
12.09
+5% vs avg
5yr avg: 11.48
30Y Low3.2·High43.4
P/FCF
↓
10.28
↓-11% vs avg
5yr avg: 11.58
30Y Low3.4·High104.8
P/B Ratio
↓
2.19
↑+90% vs avg
5yr avg: 1.15
30Y Low0.5·High1.8
ROE
↓
12.7%
↓+40% vs avg
5yr avg: 9.1%
30Y Low-15%·High14%
Debt/EBITDA
↑
1.96
↓-50% vs avg
5yr avg: 3.90
30Y Low0.0·High6.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FLXS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Flexsteel Industries, Inc. trades at 18.3x earnings, 18% below its 5-year average of 22.1x, sitting at the 93rd percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a discount of 14%. On a free-cash-flow basis, the stock trades at 10.3x P/FCF, 11% below the 5-year average of 11.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $347M | $205M | $171M | $103M | $117M | $302M | $100M | $135M | $316M | $427M | $308M |
| Enterprise Value | $366M | $224M | $237M | $200M | $193M | $334M | $64M | $112M | $288M | $398M | $271M |
| P/E Ratio → | 18.27 | 10.15 | 16.26 | 6.97 | 64.29 | 13.07 | — | — | 17.89 | 17.92 | 12.70 |
| P/S Ratio | 0.79 | 0.46 | 0.42 | 0.26 | 0.22 | 0.63 | 0.27 | 0.30 | 0.65 | 0.91 | 0.62 |
| P/B Ratio | 2.19 | 1.22 | 1.14 | 0.73 | 0.89 | 1.80 | 0.57 | 0.66 | 1.31 | 1.85 | 1.47 |
| P/FCF | 10.28 | 6.07 | 6.32 | 5.65 | 28.27 | — | 6.88 | — | — | 33.00 | 6.55 |
| P/OCF | 9.38 | 5.53 | 5.38 | 4.48 | 14.64 | — | 5.49 | 20.05 | 11.58 | 16.17 | 5.66 |
P/E links to full P/E history page with 30-year chart
FLXS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Flexsteel Industries, Inc.'s enterprise value stands at 12.1x EBITDA, 5% above its 5-year average of 11.5x. This is roughly in line with the Consumer Cyclical sector median of 12.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.51 | 0.57 | 0.51 | 0.35 | 0.70 | 0.18 | 0.25 | 0.59 | 0.85 | 0.54 |
| EV / EBITDA | 12.09 | 7.40 | 11.25 | 13.23 | 16.37 | 9.17 | — | — | 9.04 | 8.80 | 5.94 |
| EV / EBIT | 13.75 | 8.28 | 13.86 | 18.94 | 28.64 | 10.61 | — | — | 11.47 | 10.58 | 7.13 |
| EV / FCF | — | 6.64 | 8.74 | 10.99 | 46.61 | — | 4.40 | — | — | 30.77 | 5.77 |
FLXS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Flexsteel Industries, Inc. earns an operating margin of 6.0%, above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from 2.7% to 6.0% over the past 3 years, signaling improving operational efficiency. ROE of 12.7% is modest. ROIC of 9.9% represents adequate returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.2% | 22.2% | 21.1% | 18.0% | 13.4% | 20.2% | 14.5% | 15.8% | 20.1% | 23.2% | 22.7% |
| Operating Margin | 6.0% | 6.0% | 4.1% | 2.7% | 1.2% | 6.5% | -9.4% | -9.7% | 5.0% | 7.9% | 7.6% |
| Net Profit Margin | 4.6% | 4.6% | 2.6% | 3.8% | 0.3% | 4.8% | -7.3% | -7.4% | 3.6% | 5.1% | 4.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.7% | 12.7% | 7.2% | 10.8% | 1.2% | 13.4% | -14.1% | -14.6% | 7.5% | 10.8% | 12.2% |
| ROA | 7.2% | 7.2% | 3.7% | 5.3% | 0.7% | 8.6% | -10.9% | -12.1% | 6.4% | 9.2% | 9.9% |
| ROIC | 9.9% | 9.9% | 5.6% | 3.5% | 2.4% | 13.8% | -16.0% | -16.3% | 8.8% | 14.9% | 15.4% |
| ROCE | 12.3% | 12.3% | 7.6% | 4.8% | 3.3% | 16.4% | -17.6% | -19.2% | 10.3% | 16.7% | 18.7% |
FLXS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Flexsteel Industries, Inc. carries a Debt/EBITDA ratio of 2.0x, which is manageable (59% below the sector average of 4.8x). Net debt stands at $19M ($59M total debt minus $40M cash). Interest coverage of 380.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.35 | 0.35 | 0.47 | 0.71 | 0.59 | 0.20 | 0.07 | — | — | — | — |
| Debt / EBITDA | 1.96 | 1.96 | 3.34 | 6.64 | 6.62 | 0.92 | — | — | — | — | — |
| Net Debt / Equity | — | 0.12 | 0.44 | 0.69 | 0.58 | 0.19 | -0.21 | -0.11 | -0.11 | -0.13 | -0.18 |
| Net Debt / EBITDA | 0.64 | 0.64 | 3.11 | 6.42 | 6.44 | 0.89 | — | — | -0.87 | -0.64 | -0.81 |
| Debt / FCF | — | 0.57 | 2.42 | 5.33 | 18.34 | — | -2.48 | — | — | -2.23 | -0.78 |
| Interest Coverage | 380.21 | 380.21 | 11.02 | 7.86 | 7.92 | 3120.00 | -419.45 | — | — | — | 551.71 |
FLXS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Flexsteel Industries, Inc.'s current ratio of 2.78x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.34x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.10x to 2.78x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.78 | 2.78 | 2.57 | 3.10 | 2.94 | 2.29 | 3.40 | 3.47 | 4.63 | 5.25 | 5.29 |
| Quick Ratio | 1.34 | 1.34 | 0.97 | 0.88 | 0.76 | 0.68 | 2.08 | 1.51 | 2.28 | 2.58 | 2.71 |
| Cash Ratio | 0.65 | 0.65 | 0.08 | 0.06 | 0.03 | 0.01 | 0.90 | 0.47 | 1.07 | 1.26 | 1.10 |
| Asset Turnover | — | 1.56 | 1.50 | 1.35 | 2.03 | 1.61 | 1.55 | 1.74 | 1.72 | 1.74 | 2.03 |
| Inventory Turnover | 3.85 | 3.85 | 3.37 | 2.64 | 3.34 | 2.37 | 4.45 | 3.99 | 4.06 | 3.62 | 4.50 |
| Days Sales Outstanding | — | 29.15 | 39.12 | 35.39 | 27.57 | 42.67 | 32.05 | 31.40 | 30.78 | 32.98 | 32.56 |
FLXS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Flexsteel Industries, Inc. returns 1.8% to shareholders annually — split between a 1.0% dividend yield and 0.8% buyback yield. The payout ratio of 17.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.0% | 1.7% | 1.9% | 3.1% | 3.3% | 0.9% | 7.0% | 5.1% | 2.1% | 1.4% | 1.8% |
| Payout Ratio | 17.6% | 17.6% | 30.6% | 21.9% | 211.1% | 11.4% | — | — | 38.2% | 25.5% | 22.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.5% | 9.9% | 6.1% | 14.3% | 1.6% | 7.7% | — | — | 5.6% | 5.6% | 7.9% |
| FCF Yield | 9.7% | 16.5% | 15.8% | 17.7% | 3.5% | — | 14.5% | — | — | 3.0% | 15.3% |
| Buyback Yield | 0.8% | 1.4% | 1.0% | 3.6% | 29.9% | 9.9% | 1.6% | 0.0% | 0.0% | 0.3% | 0.1% |
| Total Shareholder Yield | 1.8% | 3.1% | 2.8% | 6.7% | 33.3% | 10.7% | 8.5% | 5.1% | 2.1% | 1.7% | 1.8% |
| Shares Outstanding | — | $6M | $6M | $5M | $7M | $7M | $8M | $8M | $8M | $8M | $8M |
Peer Comparison
Compare FLXS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FLXSYou | $347M | 18.3 | 12.1 | 10.3 | 22.2% | 6.0% | 12.7% | 9.9% | 2.0 |
 ETH | $415M | 8.1 | 7.5 | 8239.4 | 60.5% | 10.1% | 10.7% | 7.6% | 2.0 |
 LOVE | $212M | 51.7 | 14.7 | 8.1 | 54.2% | 0.8% | 1.9% | 1.3% | 9.4 |
 HNI | $2B | 31.4 | 8.9 | 7.8 | 41.4% | 8.4% | 4.1% | 7.8% | 4.7 |
 MHK | $7B | 18.9 | 7.6 | 11.2 | 23.9% | 4.7% | 4.6% | 3.9% | 2.4 |
 LESL | $86M | -0.4 | 18.8 | — | 35.4% | 1.7% | — | 2.5% | 18.4 |
 LZB | $2B | 16.1 | 13.6 | 12.8 | 44.0% | 6.1% | 9.7% | 7.7% | 4.0 |
 LEA | $7B | 17.1 | 6.2 | 13.4 | 8.2% | 4.4% | 8.9% | 9.7% | 2.5 |
 VC | $3B | 15.6 | 6.4 | 11.0 | 14.1% | 8.8% | 13.6% | 19.5% | 1.2 |
 MAS | $15B | 19.3 | 12.5 | 17.3 | 35.5% | 16.8% | 7363.6% | 35.4% | 2.4 |
 WSM | $27B | 25.7 | 16.5 | 25.3 | 46.2% | 18.1% | 51.5% | 44.3% | 0.9 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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FLXS — Frequently Asked Questions
Quick answers to the most common questions about buying FLXS stock.
What is Flexsteel Industries, Inc.'s P/E ratio?
Flexsteel Industries, Inc.'s current P/E ratio is 18.3x. The historical average is 15.3x. This places it at the 93th percentile of its historical range.
What is Flexsteel Industries, Inc.'s EV/EBITDA?
Flexsteel Industries, Inc.'s current EV/EBITDA is 12.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.7x.
What is Flexsteel Industries, Inc.'s ROE?
Flexsteel Industries, Inc.'s return on equity (ROE) is 12.7%. The historical average is 7.0%.
Is FLXS stock overvalued?
Based on historical data, Flexsteel Industries, Inc. is trading at a P/E of 18.3x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Flexsteel Industries, Inc.'s dividend yield?
Flexsteel Industries, Inc.'s current dividend yield is 0.97% with a payout ratio of 17.6%.
What are Flexsteel Industries, Inc.'s profit margins?
Flexsteel Industries, Inc. has 22.2% gross margin and 6.0% operating margin.
How much debt does Flexsteel Industries, Inc. have?
Flexsteel Industries, Inc.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.