FSI · Flexible Solutions International 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 | $38.52M | $38.23M | $38.32M | $45.84M | $34.42M | $31.41M |
| Cost of Revenue | $25.98M | $24.99M | $27.99M | $31.97M | $23.02M | $21.64M |
| Gross Profit | $12.54M | $13.24M | $10.34M | $13.87M | $11.40M | $9.77M |
| R&D | $615.3K | $330.0K | $158.2K | $99.3K | $116.4K | $81.4K |
| SG&A | $2.85M | - | - | - | - | - |
| Total Operating Expenses | $7.94M | $7.72M | $7.34M | $6.82M | $5.91M | $5.65M |
| D&A | $1.97M | $1.96M | $1.69M | $1.28M | $965.9K | $851.7K |
| Operating Income | $4.60M | $5.52M | $3.00M | $7.05M | $5.48M | $4.12M |
| Interest Expense | - | - | $498.7K | $199.9K | - | $260.7K |
| Income Tax | $899.6K | $851.2K | ($132.7K) | $145.9K | $2.36M | $1.61M |
| Net Income | $786.9K | $3.04M | $2.78M | $7.02M | $3.45M | $2.98M |
| EPS - Basic | $0.06 | $0.24 | $0.22 | $0.28 | - | - |
| EPS - Diluted | $0.06 | $0.24 | $0.22 | $0.28 | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.63M | $5.02M | $5.02M | $6.12M | $5.71M | $3.47M |
| Accounts Receivable | $12.62M | $11.70M | $9.84M | $9.45M | $7.13M | $5.89M |
| Inventory | $10.54M | $10.89M | $11.13M | $14.42M | $9.50M | $8.37M |
| Accounts Payable | $2.22M | $2.05M | $1.98M | $873.9K | $1.28M | $558.1K |
| Current Assets | $32.93M | $34.58M | $30.23M | $30.99M | $23.81M | $19.04M |
| Total Assets | $61.83M | $59.97M | $55.47M | $51.59M | $39.55M | $35.09M |
| Current Liabilities | $10.75M | $11.86M | $10.05M | $10.30M | $9.82M | $7.89M |
| Long-term Debt | $4.04M | $6.62M | $6.83M | $5.44M | $1.57M | $3.00M |
| Total Liabilities | $19.00M | $18.60M | $17.20M | $16.35M | $11.85M | $11.32M |
| Stockholders' Equity | $38.91M | $38.03M | $35.20M | $32.63M | $25.10M | $21.21M |
| Retained Earnings | $19.35M | $19.84M | $18.05M | $15.90M | $8.88M | $5.43M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.78M | $5.57M | $6.99M | $1.48M | $4.54M | $5.71M |
| Investing Cash Flow | $890.9K | ($2.45M) | ($5.67M) | ($2.22M) | ($659.5K) | ($3.22M) |
| Financing Cash Flow | ($5.94M) | ($978.3K) | ($437.9K) | $848.3K | ($1.71M) | ($2.70M) |
| CapEx | $4.37M | $4.96M | $4.99M | $1.98M | $782.2K | $1.07M |
| Free Cash Flow | ($591.7K) | $603.6K | $2.00M | ($504.4K) | $3.75M | $4.63M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 32.6% | 34.6% | 27.0% | 30.3% | 33.1% | 31.1% |
| Operating margin | 11.9% | 14.4% | 7.8% | 15.4% | 15.9% | 13.1% |
| EBITDA margin | 17.0% | 19.5% | 12.2% | 18.2% | 18.7% | 15.8% |
| Net margin | 2.0% | 7.9% | 7.2% | 15.3% | 10.0% | 9.5% |
| Free cash flow margin | -1.5% | 1.6% | 5.2% | -1.1% | 10.9% | 14.8% |
| FCF / Net income | -0.75 | 0.20 | 0.72 | -0.07 | 1.09 | 1.56 |
| R&D / Revenue | 1.6% | 0.9% | 0.4% | 0.2% | 0.3% | 0.3% |
| SG&A / Revenue | 7.4% | - | - | - | - | - |
| Effective tax rate | 53.3% | 21.9% | -5.0% | 2.0% | 40.6% | 35.1% |
| Return on assets | 1.3% | 5.1% | 5.0% | 13.6% | 8.7% | 8.5% |
| Return on equity | 2.0% | 8.0% | 7.9% | 21.5% | 13.7% | 14.0% |
| Return on invested capital | 5.4% | 9.6% | 7.1% | 18.1% | 12.2% | 11.0% |
| Liquidity | ||||||
| Current ratio | 3.06 | 2.91 | 3.01 | 3.01 | 2.42 | 2.41 |
| Quick ratio | 2.08 | 2.00 | 1.90 | 1.61 | 1.46 | 1.35 |
| Cash ratio | 0.62 | 0.42 | 0.50 | 0.59 | 0.58 | 0.44 |
| Leverage | ||||||
| Debt / Equity | 0.10 | 0.17 | 0.19 | 0.17 | 0.06 | 0.14 |
| Debt / Assets | 0.07 | 0.11 | 0.12 | 0.11 | 0.04 | 0.09 |
| Debt / EBITDA | 0.62 | 0.89 | 1.46 | 0.65 | 0.24 | 0.60 |
| Interest coverage | - | - | 6.0x | 35.3x | - | 15.8x |
| Equity multiplier | 1.59 | 1.58 | 1.58 | 1.58 | 1.58 | 1.65 |
| Liabilities / Assets | 0.31 | 0.31 | 0.31 | 0.32 | 0.30 | 0.32 |
| Efficiency | ||||||
| Asset turnover | 0.62 | 0.64 | 0.69 | 0.89 | 0.87 | 0.90 |
| Inventory turnover | 2.46 | 2.30 | 2.51 | 2.22 | 2.42 | 2.58 |
| Days sales outstanding | 120d | 112d | 94d | 75d | 76d | 68d |
| Days inventory outstanding | 148d | 159d | 145d | 165d | 151d | 141d |
| Days payable outstanding | 31d | 30d | 26d | 10d | 20d | 9d |
| Cash conversion cycle | 237d | 241d | 213d | 230d | 206d | 200d |
| Valuation | ||||||
| P / E | 112.1x | 15.0x | 8.7x | 11.1x | - | - |
| P / B | 2.3x | 1.2x | 0.7x | 1.2x | 1.9x | 1.4x |
| P / S | 2.4x | 1.2x | 0.6x | 0.8x | 1.4x | 1.0x |
| EV / EBITDA | 13.5x | 6.3x | 5.5x | 4.6x | 6.9x | 6.1x |
| Growth | ||||||
| Revenue growth (YoY) | 0.7% | -0.2% | -16.4% | 33.2% | 9.6% | 14.5% |
| Revenue CAGR (3y) | -5.6% | 3.6% | 6.9% | 18.7% | 30.5% | 24.6% |
| Revenue CAGR (5y) | 4.2% | 6.9% | 19.9% | 23.1% | 16.2% | 14.6% |
| Gross profit growth (YoY) | -5.3% | 28.1% | -25.5% | 21.7% | 16.7% | 13.3% |
| Operating income growth (YoY) | -16.6% | 83.9% | -57.5% | 28.6% | 33.2% | 115.8% |
| Net income growth (YoY) | -74.1% | 9.5% | -60.5% | 103.6% | 15.9% | 55.7% |
| EPS growth (YoY) | -75.0% | 9.1% | -21.4% | - | - | - |
| EPS CAGR (3y) | -40.2% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | 13.3% | - | - |
| FCF growth (YoY) | - | -69.8% | - | - | -19.0% | 760.4% |
| FCF CAGR (5y) | - | 2.3% | - | - | - | - |
| Book value growth (YoY) | 2.3% | 8.0% | 7.9% | 30.0% | 18.4% | 18.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$41.42M totalProduct$36.02M · 87.0%
Research And Development Sales$2.50M · 6.0%
Research And Development Services$2.50M · 6.0%
Shipping And Handling$402.6K · 1.0%
Geographic
$38.52M totalUnited Statesand Abroad$37.69M · 97.9%
CA$820.9K · 2.1%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.24
Grey zone
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
5/9
Neutral
- ✓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: Miscellaneous Chemical Products
Comparing FLEXIBLE SOLUTIONS INTERNATIONAL INC against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months · -100.0% YoY
| Ex-date | Per share |
|---|---|
| May 19, 2025 | $0.1000 |
| Apr 27, 2023 | $0.0500 |
| Sep 30, 2019 | $0.0750 |
| Mar 28, 2019 | $0.0750 |
| Mar 5, 2019 | $0.0500 |