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May 18, 2026·SEC
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Apr 20, 2026·SEC
Material company update
Nov 21, 2025·SEC
Flexible Solutions International, Inc.(FSI)Earnings, Financials & Key Ratios
FSI•AMEX
$6.38
110.3× P/E·Price updated Jun 25, 2026
SectorBasic MaterialsIndustrySpecialty ChemicalsSub-IndustrySpecialty additives and formulation chemicals
AboutFlexible Solutions International, Inc., together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers. The company offers thermal polyaspartates (TPAs) for oilfields to reduce scale and corrosion in various water systems; and for the agricultural industry to reduce fertilizer crystallization before, during, and after application, as well as to prevent crystal formation between fertilizer and minerals present in the soil. It also provides TPAs for irrigation to prevent early plugging of drip irrigation ports, reduce maintenance costs, and lengthen the life of equipment; and TPAs as additives for household laundry detergents, consumer care products, and pesticides. In addition, the company offers nitrogen conservation products for agriculture that slow down nitrogen loss from fields. Further, it provides HEATSAVR, a chemical product for use in swimming pools and spas that forms a thin and transparent layer on the water's surface; and WATERSAVR to reduce water evaporation in reservoirs, potable water storage tanks, livestock watering ponds, aqueducts, canals, and irrigation ditches, as well as for lawn and turf care, and potted and bedding plants. Flexible Solutions International, Inc. is headquartered in Taber, Canada.Show more
- Revenue$39M+0.7%
- EBITDA$6M+1.3%
- Net Income$787K-74.1%
- EPS (Diluted)0.06-75.9%
- Gross Margin22.59%-34.8%
- EBITDA Margin14.38%+0.6%
- Operating Margin9.28%-35.7%
- Net Margin2.04%-74.3%
- ROE1.87%-75.5%
FSI Price & Volume
Flexible Solutions International, Inc. (FSI) stock price & volume — 10-year historical chart
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Volatile Margins Obscure Long Term Growth Potential
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Volatile input cost sensitivity
Key Thesis Takeaways
- Flexible Solutions International faces significant operational headwinds as evidenced by inconsistent revenue growth and a recent contraction in gross margins to 10.4% in 2026Q1.
- While the company maintains a conservative capital structure with a debt-to-equity ratio of 0.31, the lack of consistent operating leverage and erratic free cash flow generation suggest a high-risk profile.
- Investors should monitor whether the company can stabilize its manufacturing-heavy cost base and improve its current net margin of -2.9% before considering a long-term position.
Verdict Logic
the company's inability to maintain positive net income, which fell to -$241.4K in 2026Q1, combined with extreme cash flow volatility, warrants a cautious stance.
FSI Growth Metrics
Flexible Solutions International, Inc. (FSI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years9.25%
5 Years4.16%
3 Years-5.64%
TTM7.82%
Profit CAGR
10 Years-6.28%
5 Years-23.37%
3 Years-51.79%
TTM-64.26%
EPS CAGR
10 Years-6.22%
5 Years-24.75%
3 Years-53.06%
TTM-69.34%
Return on Capital
10 Years12.98%
5 Years13.01%
3 Years8.64%
Last Year7.21%
FSI Recent Earnings
Flexible Solutions International, Inc. (FSI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 15, 2026Metric
Actual
Est
EPS
$0.02+60.0%
$0.05
Rev
$8M+0.6%
$8M
Q1 2026
Jan 23, 2026Metric
Actual
Est
EPS
$0.03-160.0%
$0.05
Rev
$9M-9.0%
$10M
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$0.04-180.0%
$0.05
Rev
$11M+2.6%
$10M
Q3 2025
Aug 14, 2025Metric
Actual
Est
EPS
$0.15+150.0%
$0.06
Rev
$11M-2.1%
$12M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 15, 2026 | $0.02vs $0.05+60.0% | $8Mvs $8M+0.6% |
| Q1 2026 | Jan 23, 2026 | $0.03vs $0.05-160.0% | $9Mvs $10M-9.0% |
| Q4 2025 | Nov 14, 2025 | $0.04vs $0.05-180.0% | $11Mvs $10M+2.6% |
| Q3 2025 | Aug 14, 2025 | $0.15vs $0.06+150.0% | $11Mvs $12M-2.1% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Flexible Solutions International, Inc. (FSI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $6.39 | $81.33M | 110.28 | 0.73% | 2.04% | 1.87% | 1.47% | |
| $12.24 | $227.23M | -16.32 | 4.33% | -30.06% | -34.48% | — | |
| $9.89 | $78.15M | 7.79 | 19.87% | 25.4% | 8.53% | — | |
| $8.36 | $79.35M | 4644.44 | -0.97% | -0.87% | -1.01% | — | |
| $3.77 | $5.8M | -0.07 | -74.5% | -286.76% | -44.35% | — | |
| $9.78 | $33.42M | -10.99 | 8.26% | -3.66% | -0.11% | — |
Compare FSI vs Peers
Flexible Solutions International, Inc. (FSI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FSI SEC Filings & Documents
Flexible Solutions International, Inc. (FSI) SEC filings — annual & quarterly reports (10-K, 10-Q)
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FSI Frequently Asked Questions
Flexible Solutions International, Inc. (FSI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Flexible Solutions International, Inc.'s revenue?
Flexible Solutions International, Inc. (FSI) reported $39.3M in revenue for fiscal year 2025. This represents a 5081% increase from $0.8M in 1999.
How fast is Flexible Solutions International, Inc. growing?
Flexible Solutions International, Inc. (FSI) grew revenue by 0.7% over the past year. Growth has been modest.
Is FSI profitable?
Yes, Flexible Solutions International, Inc. (FSI) is profitable, generating $0.8M in net income for fiscal year 2025 (2.0% net margin).
Dividend & Returns
Does FSI pay dividends?
Yes, Flexible Solutions International, Inc. (FSI) pays a dividend with a yield of 1.47%. This makes it attractive for income-focused investors.
What is FSI's return on equity?
Flexible Solutions International, Inc. (FSI) has a return on equity (ROE) of 1.9%. This is below average, suggesting room for improvement.
What is Flexible Solutions International, Inc.'s free cash flow?
Flexible Solutions International, Inc. (FSI) had negative free cash flow of $3.7M in fiscal year 2025, likely due to heavy capital investments.