FLXS · Flexsteel Industries Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $441.07M | $412.75M | $393.69M | $544.28M | $478.93M | $366.93M |
| Cost of Revenue | $343.13M | $325.51M | $322.75M | $471.60M | $382.19M | $313.87M |
| Gross Profit | $97.94M | $87.24M | $70.95M | $72.68M | $96.73M | $53.05M |
| R&D | $2.10M | $2.10M | $2.10M | $2.90M | $1.90M | $4.00M |
| SG&A | $66.70M | $70.44M | $62.85M | $66.73M | $67.98M | $72.44M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $3.65M | $4.00M | $4.57M | $5.17M | $5.21M | $8.37M |
| Operating Income | $26.61M | $17.08M | $10.54M | $6.62M | $31.20M | ($34.40M) |
| Interest Expense | $70.0K | $1.55M | $1.34M | $82.0K | - | - |
| Income Tax | $6.81M | $5.02M | ($5.56M) | $4.05M | $8.42M | ($6.91M) |
| Net Income | $20.15M | $10.53M | $14.78M | $1.85M | $23.05M | ($26.84M) |
| EPS - Basic | $3.84 | $2.04 | $2.83 | $0.29 | $3.20 | ($3.37) |
| EPS - Diluted | $3.55 | $1.91 | $2.74 | $0.28 | $3.09 | ($3.37) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $40.01M | $4.76M | $3.37M | $2.18M | $1.34M | $48.20M |
| Accounts Receivable | $35.23M | $44.24M | $38.17M | $41.11M | $55.99M | $32.22M |
| Inventory | $89.14M | $96.58M | $122.08M | $141.21M | $161.13M | $70.56M |
| Accounts Payable | $25.62M | $25.83M | $24.75M | $32.15M | $67.77M | $27.75M |
| Current Assets | $172.37M | $155.38M | $170.64M | $190.07M | $228.54M | $181.84M |
| Total Assets | $282.49M | $274.46M | $290.55M | $268.74M | $296.78M | $237.26M |
| Current Liabilities | $62.01M | $60.41M | $55.10M | $64.63M | $99.75M | $53.46M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $114.62M | $124.09M | $148.93M | $137.18M | $128.81M | $61.75M |
| Stockholders' Equity | $167.86M | $150.37M | $141.62M | $131.56M | $167.97M | $175.50M |
| Retained Earnings | $190.44M | $174.12M | $166.80M | $155.28M | $157.14M | $137.31M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $36.98M | $31.88M | $22.99M | $7.99M | ($32.69M) | $18.29M |
| Investing Cash Flow | $9.43M | ($593.0K) | ($4.45M) | ($1.92M) | $16.06M | $16.79M |
| Financing Cash Flow | ($11.17M) | ($29.89M) | ($17.36M) | ($5.24M) | ($30.23M) | ($9.12M) |
| CapEx | $3.26M | $4.77M | $4.79M | $3.85M | $2.58M | $3.69M |
| Free Cash Flow | $33.72M | $27.11M | $18.20M | $4.14M | ($35.27M) | $14.60M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 22.2% | 21.1% | 18.0% | 13.4% | 20.2% | 14.5% |
| Operating margin | 6.0% | 4.1% | 2.7% | 1.2% | 6.5% | -9.4% |
| EBITDA margin | 6.9% | 5.1% | 3.8% | 2.2% | 7.6% | -7.1% |
| Net margin | 4.6% | 2.6% | 3.8% | 0.3% | 4.8% | -7.3% |
| Free cash flow margin | 7.6% | 6.6% | 4.6% | 0.8% | -7.4% | 4.0% |
| FCF / Net income | 1.67 | 2.58 | 1.23 | 2.23 | -1.53 | -0.54 |
| R&D / Revenue | 0.5% | 0.5% | 0.5% | 0.5% | 0.4% | 1.1% |
| SG&A / Revenue | 15.1% | 17.1% | 16.0% | 12.3% | 14.2% | 19.7% |
| Effective tax rate | 25.3% | 32.3% | -60.3% | 68.6% | 26.8% | - |
| Return on assets | 7.1% | 3.8% | 5.1% | 0.7% | 7.8% | -11.3% |
| Return on equity | 12.0% | 7.0% | 10.4% | 1.4% | 13.7% | -15.3% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.78 | 2.57 | 3.10 | 2.94 | 2.29 | 3.40 |
| Quick ratio | 1.34 | 0.97 | 0.88 | 0.76 | 0.68 | 2.08 |
| Cash ratio | 0.65 | 0.08 | 0.06 | 0.03 | 0.01 | 0.90 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 380.2x | 11.0x | 7.9x | 80.7x | - | - |
| Equity multiplier | 1.68 | 1.83 | 2.05 | 2.04 | 1.77 | 1.35 |
| Liabilities / Assets | 0.41 | 0.45 | 0.51 | 0.51 | 0.43 | 0.26 |
| Efficiency | ||||||
| Asset turnover | 1.56 | 1.50 | 1.35 | 2.03 | 1.61 | 1.55 |
| Inventory turnover | 3.85 | 3.37 | 2.64 | 3.34 | 2.37 | 4.45 |
| Days sales outstanding | 29d | 39d | 35d | 28d | 43d | 32d |
| Days inventory outstanding | 95d | 108d | 138d | 109d | 154d | 82d |
| Days payable outstanding | 27d | 29d | 28d | 25d | 65d | 32d |
| Cash conversion cycle | 97d | 118d | 145d | 112d | 132d | 82d |
| Valuation | ||||||
| P / E | 10.1x | 16.3x | 7.0x | 64.3x | 13.1x | - |
| P / B | 1.2x | 1.1x | 0.7x | 0.9x | 1.8x | 0.6x |
| P / S | 0.5x | 0.4x | 0.3x | 0.2x | 0.6x | 0.3x |
| EV / EBITDA | 5.4x | 7.9x | 6.6x | 9.7x | 8.2x | - |
| Growth | ||||||
| Revenue growth (YoY) | 6.9% | 4.8% | -27.7% | 13.6% | 30.5% | -25.0% |
| Revenue CAGR (3y) | -6.8% | -4.8% | 2.4% | 3.6% | -0.7% | -7.8% |
| Revenue CAGR (5y) | 3.7% | -3.3% | -4.3% | 3.0% | -0.9% | -4.7% |
| Gross profit growth (YoY) | 12.3% | 23.0% | -2.4% | -24.9% | 82.3% | -24.1% |
| Operating income growth (YoY) | 55.8% | 62.0% | 59.3% | -78.8% | - | 20.3% |
| Net income growth (YoY) | 91.4% | -28.8% | 697.5% | -92.0% | - | 17.7% |
| EPS growth (YoY) | 85.9% | -30.3% | 878.6% | -90.9% | - | 18.4% |
| EPS CAGR (3y) | 133.2% | -14.8% | - | - | 11.5% | - |
| EPS CAGR (5y) | - | - | 4.2% | -37.9% | -0.2% | - |
| FCF growth (YoY) | 24.4% | 49.0% | 339.6% | - | - | - |
| FCF CAGR (5y) | 18.2% | - | - | -20.4% | - | - |
| Book value growth (YoY) | 11.6% | 6.2% | 7.6% | -21.7% | -4.3% | -14.6% |
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
3.32
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Household Furniture
Comparing FLEXSTEEL INDUSTRIES INC against the 5 most active filers in the same SIC group.
Dividends
$0.80/share trailing 12 months · +21.2% YoY
| Ex-date | Per share |
|---|---|
| Mar 30, 2026 | $0.2000 |
| Dec 29, 2025 | $0.2000 |
| Sep 24, 2025 | $0.2000 |
| Jun 25, 2025 | $0.2000 |
| Mar 26, 2025 | $0.1700 |
| Dec 27, 2024 | $0.1700 |
| Sep 25, 2024 | $0.1700 |
| Jun 26, 2024 | $0.1500 |
| Mar 25, 2024 | $0.1500 |
| Dec 27, 2023 | $0.1500 |
| Sep 26, 2023 | $0.1500 |
| Jun 27, 2023 | $0.1500 |
| Mar 21, 2023 | $0.1500 |
| Dec 27, 2022 | $0.1500 |
| Sep 27, 2022 | $0.1500 |
| Jun 28, 2022 | $0.1500 |
| Mar 22, 2022 | $0.1500 |
| Dec 21, 2021 | $0.1500 |
| Sep 21, 2021 | $0.1500 |
| Jun 29, 2021 | $0.1500 |
| Mar 16, 2021 | $0.1500 |
| Dec 22, 2020 | $0.1000 |
| Sep 29, 2020 | $0.0500 |
| Jun 18, 2020 | $0.0500 |