Revenue growth has turned negative with a 1.0% year-over-year contraction in 2026Q1, while operating margins have compressed significantly to 10.0% from historical levels exceeding 20%.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 |
|---|
| Sales/Revenue | 98.06M | 98.3M | 101.68M | 111.47M | 125.49M | 130.01M | 105.8M | 111.36M | 108.31M | 101.8M | 94.05M | 93.28M | 85.22M | 77.12M | 64.02M | 54.19M | 46.88M | 44.14M | 63.48M | 74.51M | 73.57M | 65.64M | 48.16M |
| Revenue Growth % | -1.74% | -3.33% | -8.78% | -11.17% | -3.48% | 22.89% | -5% | 2.81% | 6.4% | 8.24% | 0.83% | 9.46% | 10.5% | 20.47% | 18.13% | 15.61% | 6.2% | -30.47% | -14.8% | 1.27% | 12.09% | 36.28% | - |
| Cost of Goods Sold | 43.8M | 43.05M | 39.42M | 43.1M | 47.18M | 48.48M | 39.25M | 40.87M | 42.22M | 40.03M | 36.17M | 36.13M | 35.19M | 35.23M | 31.09M | 26.48M | 22.57M | 21.51M | 32.27M | 38.46M | 35.68M | 32.94M | 23.4M |
| COGS % of Revenue | - | 43.8% | 38.77% | 38.67% | 37.6% | 37.29% | 37.1% | 36.7% | 38.98% | 39.33% | 38.45% | 38.74% | 41.3% | 45.68% | 48.56% | 48.85% | 48.16% | 48.72% | 50.82% | 51.61% | 48.5% | 50.18% | 48.58% |
| Gross Profit | 54.26M | 55.24M | 62.26M | 68.36M | 78.31M | 81.53M | 66.55M | 70.49M | 66.1M | 61.77M | 57.88M | 57.15M | 50.03M | 41.89M | 32.93M | 27.72M | 24.3M | 22.63M | 31.22M | 36.05M | 37.89M | 32.7M | 24.77M |
| Gross Margin % | 55.33% | 56.2% | 61.23% | 61.33% | 62.4% | 62.71% | 62.9% | 63.3% | 61.02% | 60.67% | 61.55% | 61.26% | 58.7% | 54.32% | 51.44% | 51.14% | 51.84% | 51.28% | 49.18% | 48.39% | 51.5% | 49.82% | 51.42% |
| Gross Profit Growth % | - | -11.27% | -8.93% | -12.69% | -3.96% | 22.51% | -5.59% | 6.64% | 7.01% | 6.71% | 1.29% | 14.23% | 19.41% | 27.22% | 18.81% | 14.05% | 7.37% | -27.5% | -13.41% | -4.85% | 15.87% | 32.03% | - |
| Operating Expenses | 37.55M | 38.31M | 40.69M | 42.57M | 47.29M | 46.47M | 39.9M | 48.56M | 39.73M | 37.55M | 35.99M | 33.64M | 29.38M | 26.84M | 26.88M | 21.01M | 17.55M | 16.39M | 20.33M | 22.33M | 20.21M | 20.64M | 15.56M |
| OpEx % of Revenue | - | 38.98% | 40.02% | 38.19% | 37.68% | 35.74% | 37.71% | 43.61% | 36.68% | 36.89% | 38.26% | 36.07% | 34.48% | 34.81% | 41.99% | 38.77% | 37.45% | 37.13% | 32.03% | 29.96% | 27.48% | 31.44% | 32.31% |
| Selling, General & Admin | 370K | 37.03M | 36.62M | 38.7M | 42.56M | 41.86M | 35.7M | 43.85M | 34.92M | 34.26M | 32.8M | 30.96M | 26.46M | 24.09M | 24.29M | 18.54M | 15.23M | 14.14M | 18.11M | 19.63M | 20.21M | 20.64M | 14.2M |
| SG&A % of Revenue | - | 37.67% | 36.02% | 34.72% | 33.91% | 32.2% | 33.74% | 39.38% | 32.24% | 33.65% | 34.88% | 33.19% | 31.05% | 31.23% | 37.94% | 34.21% | 32.5% | 32.03% | 28.53% | 26.35% | 27.48% | 31.44% | 29.48% |
| Research & Development | -1.13M | 1.28M | 4.07M | 3.87M | 4.73M | 4.61M | 4.2M | 4.71M | 4.81M | 3.29M | 3.19M | 2.68M | 2.92M | 2.76M | 2.6M | 2.47M | 2.32M | 2.25M | 2.22M | 2.69M | 0 | 0 | 0 |
| R&D % of Revenue | - | 1.31% | 4% | 3.47% | 3.77% | 3.55% | 3.97% | 4.23% | 4.44% | 3.23% | 3.39% | 2.88% | 3.43% | 3.58% | 4.06% | 4.55% | 4.95% | 5.1% | 3.5% | 3.61% | - | - | - |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -126K | -38K | 0 | -12K | -82K | -74K | 93K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.36M |
| Operating Income | 15.19M | 16.93M | 21.57M | 25.8M | 31.02M | 35.06M | 26.65M | 21.92M | 26.37M | 24.22M | 21.9M | 23.5M | 20.64M | 15.05M | 10.75M | 6.71M | 6.75M | 6.24M | 11.1M | 13.21M | 7.18M | 12.07M | 9.21M |
| Operating Margin % | 15.49% | 17.22% | 21.21% | 23.15% | 24.72% | 26.97% | 25.19% | 19.69% | 24.34% | 23.79% | 23.28% | 25.2% | 24.23% | 19.51% | 16.79% | 12.38% | 14.4% | 14.15% | 17.48% | 17.73% | 9.76% | 18.38% | 19.11% |
| Operating Income Growth % | - | -21.51% | -16.39% | -16.82% | -11.54% | 31.55% | 21.58% | -16.86% | 8.87% | 10.6% | -6.83% | 13.84% | 37.19% | 40.02% | 60.19% | -0.58% | 8.07% | -43.75% | -15.99% | 84.06% | -40.51% | 31.07% | - |
| EBITDA | 16.21M | 18.29M | 22.83M | 26.9M | 32.11M | 36.08M | 27.52M | 22.64M | 26.91M | 24.72M | 22.36M | 23.96M | 21.13M | 15.6M | 11.34M | 7.36M | 7.38M | 6.87M | 11.7M | 13.71M | 7.59M | 12.73M | 9.87M |
| EBITDA Margin % | 16.53% | 18.61% | 22.45% | 24.13% | 25.59% | 27.75% | 26.02% | 20.33% | 24.84% | 24.28% | 23.77% | 25.69% | 24.8% | 20.22% | 17.71% | 13.58% | 15.75% | 15.56% | 18.43% | 18.4% | 10.32% | 19.4% | 20.49% |
| EBITDA Growth % | -25.87% | -19.85% | -15.14% | -16.24% | -11% | 31.1% | 21.56% | -15.86% | 8.86% | 10.57% | -6.71% | 13.4% | 35.5% | 37.58% | 54.01% | -0.34% | 7.54% | -41.3% | -14.67% | 80.51% | -40.34% | 28.97% | - |
| D&A (Non-Cash Add-back) | 1.02M | 1.36M | 1.25M | 1.1M | 1.1M | 1.02M | 870K | 719K | 543K | 502K | 459K | 460K | 486K | 547K | 588K | 651K | 637K | 623K | 599K | 498K | 417K | 665K | 665K |
| EBIT | 12.88M | 16.93M | 21.57M | 25.8M | 30.98M | 35.12M | 26.65M | 22.85M | 26.73M | 24.3M | 21.52M | 23.56M | 20.6M | 14.98M | 6.05M | 6.71M | 6.75M | 6.24M | 11.1M | 13.73M | 17.68M | 12.07M | 9.21M |
| Net Interest Income | -511K | 1.99M | 2.28M | 1.7M | 174K | 35K | -39K | 876K | 488K | 117K | 98K | 73K | 36K | 9K | 25K | 8K | -25K | 174K | 291K | 562K | 562K | 157K | 0 |
| Interest Income | -55K | 1.99M | 2.28M | 1.7M | 174K | 35K | 0 | 876K | 488K | 117K | 98K | 73K | 36K | 0 | 0 | 0 | 0 | 174K | 291K | 562K | 562K | 157K | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 39K | 0 | 0 | 0 | 0 | 0 | 0 | 9K | 25K | 8K | 25K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 2.09M | 2.32M | 2.05M | 1.75M | -37K | 56K | -92K | 932K | 362K | 79K | -376K | 61K | -46K | -65K | 118K | 32K | -30K | 306K | 200K | 596K | -9.45M | 355K | 505K |
| Pretax Income | 17.28M | 19.25M | 23.62M | 27.55M | 30.98M | 35.12M | 26.56M | 22.85M | 26.73M | 24.3M | 21.52M | 23.56M | 20.6M | 14.98M | 10.87M | 6.74M | 6.72M | 6.55M | 11.3M | 13.81M | 8.23M | 12.42M | 9.71M |
| Pretax Margin % | 17.62% | 19.58% | 23.23% | 24.71% | 24.69% | 27.01% | 25.11% | 20.52% | 24.68% | 23.87% | 22.88% | 25.26% | 24.17% | 19.43% | 16.97% | 12.44% | 14.33% | 14.84% | 17.8% | 18.53% | 11.18% | 18.92% | 20.16% |
| Income Tax | 4.21M | 4.67M | 5.71M | 6.83M | 7.33M | 8.86M | 6.59M | 5.43M | 6.45M | 8.45M | 6.97M | 7.6M | 6.99M | 4.89M | 4.05M | 2.11M | 2.17M | 2.17M | 3.92M | 5.13M | 3.06M | 4.94M | 3.71M |
| Effective Tax Rate % | 24.38% | 24.24% | 24.16% | 24.78% | 23.65% | 25.23% | 24.83% | 23.76% | 24.14% | 34.78% | 32.41% | 32.27% | 33.95% | 32.64% | 37.24% | 31.26% | 32.29% | 33.16% | 34.67% | 37.12% | 37.22% | 39.8% | 38.2% |
| Net Income | 13.34M | 14.83M | 18.01M | 20.76M | 23.62M | 26.2M | 19.91M | 17.29M | 20.14M | 15.66M | 14.38M | 15.79M | 13.46M | 10.04M | 6.88M | 4.65M | 4.57M | 4.38M | 7.38M | 8.68M | 5.16M | 7.48M | 6M |
| Net Margin % | 13.6% | 15.08% | 17.72% | 18.63% | 18.82% | 20.15% | 18.82% | 15.52% | 18.59% | 15.39% | 15.29% | 16.93% | 15.8% | 13.01% | 10.74% | 8.57% | 9.74% | 9.93% | 11.63% | 11.65% | 7.02% | 11.39% | 12.46% |
| Net Income Growth % | -23.19% | -17.69% | -13.24% | -12.1% | -9.82% | 31.57% | 15.18% | -14.17% | 28.59% | 8.94% | -8.94% | 17.28% | 34.12% | 45.97% | 47.97% | 1.77% | 4.22% | -40.65% | -14.97% | 68.13% | -30.93% | 24.6% | - |
| Net Income (Continuing) | 13.14M | 14.58M | 17.91M | 20.72M | 23.65M | 26.26M | 19.97M | 17.43M | 20.28M | 15.85M | 14.55M | 15.96M | 13.61M | 10.09M | 6.82M | 4.63M | 4.55M | 4.38M | 7.45M | 8.68M | 5.16M | 7.48M | 6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -250K | -178K | 67K | 163K | 196K | 189K | 260K | 194K | 252K | 611K | 382K | 272K | 111K | 122K | 62K | 113K | 126K | 147K | 136K | 129K | 55K | 23K | 4K |
| EPS (Diluted) | 1.32 | 1.47 | 1.78 | 2.06 | 2.34 | 2.60 | 1.97 | 1.71 | 2.00 | 1.55 | 1.42 | 1.56 | 1.33 | 0.99 | 0.68 | 0.46 | 0.45 | 0.43 | 0.73 | 0.86 | 0.51 | 0.74 | 0.59 |
| EPS Growth % | -22.67% | -17.42% | -13.59% | -11.97% | -10% | 31.98% | 15.2% | -14.5% | 29.03% | 9.15% | -8.97% | 17.29% | 34.34% | 45.59% | 47.83% | 2.22% | 4.65% | -41.1% | -15.12% | 68.63% | -31.08% | 25.42% | - |
| EPS (Basic) | - | 1.47 | 1.78 | 2.06 | 2.34 | 2.60 | 1.97 | 1.71 | 2.00 | 1.55 | 1.42 | 1.56 | 1.33 | 0.99 | 0.68 | 0.46 | 0.45 | 0.43 | 0.73 | 0.86 | 0.51 | 0.74 | 0.66 |
| Diluted Shares Outstanding | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.1M | 10.15M | 10.15M | 10.15M | 10.15M |
| Basic Shares Outstanding | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.1M | 10.15M | 10.15M | 10.15M | 9.03M |
| Dividend Payout Ratio | - | 92.59% | 75.09% | 63.21% | 40.17% | 56.76% | 56.79% | 266.27% | 48.54% | 83.12% | 59.66% | 31.32% | 1.08% | 42.73% | 146.77% | - | - | 460.69% | 164.44% | 46.77% | - | - | 149.97% |
Cyclical construction market exposure
As indicated by the most recent quarterly data, Omega Flex has experienced a consistent revenue decline, with the latest period showing a 1.0% year-over-year contraction, reflecting ongoing challenges in the North American residential construction market that have pressured top-line performance across multiple consecutive reporting cycles.
The persistent negative growth trajectory suggests that the company's core gas piping segments are struggling to find a floor amidst broader macroeconomic headwinds. Investors should monitor whether the recent deceleration in the rate of decline signals a potential bottoming or if further volume erosion is likely as interest rate sensitivity continues to impact housing starts.
Based on reported financial statements, the company's gross margin has faced significant volatility, dropping to 56.7% in 2026Q1 from historical peaks above 61%, which suggests that input cost fluctuations or pricing concessions are beginning to weigh on the firm's historically robust profitability profile.
The compression in gross margins appears to indicate that Omega Flex is finding it increasingly difficult to pass through raw material cost increases to its distributor network. This trend warrants further investigation into whether the company is sacrificing pricing power to maintain market share in a tightening construction environment.
According to recent income statement filings, operating margins have contracted to 10.0% in the latest quarter, down from levels exceeding 20% in previous years, demonstrating that the company's fixed cost structure is failing to scale efficiently as revenue volumes continue to trend downward.
The inability to maintain operating leverage suggests that SG&A expenses are becoming disproportionately heavy relative to the current revenue base. This may indicate that management is maintaining overhead levels in anticipation of a recovery that has yet to materialize, potentially limiting near-term earnings upside.
As reported in quarterly filings, net income has experienced significant downward pressure, with EPS falling to $0.21 in 2026Q1, a 40% year-over-year decline that highlights the sensitivity of the bottom line to the current cyclical downturn in core industrial and construction demand.
The sharp decline in EPS appears to be driven by the combined effect of revenue contraction and margin compression, rather than non-operating items. Investors should monitor whether the company's reliance on interest income from its cash reserves is masking a more severe deterioration in core operating profitability.
Quick answers to the most common questions about buying OFLX stock.
For fiscal year 2025, Omega Flex, Inc. (OFLX) reported total revenue of $98.3M. This represents a 104.1% increase compared to $48.2M in 2004.
Omega Flex, Inc. (OFLX) is profitable, generating $14.8M in net income for the fiscal year ending 2025 with a net profit margin of 15.1%.
Omega Flex, Inc. (OFLX) reported an operating income of $16.9M, resulting in an operating profit margin of 17.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Omega Flex, Inc. (OFLX) generated $55.2M in gross profit for the year, representing a gross profit margin of 56.2%. This demonstrates the company's core pricing power and production efficiency.