Flexsteel Industries (FLXS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Flexsteel Industries

NasdaqGS•Consumer Cyclical•Furnishings, Fixtures & Appliances

$72.50-1.14(-0.02%)Pre-market

Market Cap

$298.85M

P/E

9.6x

P/S

0.6x

P/B

2.3x

Flexsteel Industries, Inc., together with its subsidiaries, manufactures, distributes, imports, and markets residential furniture products in the United States. The company offers stationary and motion sofas; loveseats; chairs and sectionals; bedroom furniture; dining tables and chairs; occasional and entertainment tables; and kitchen storage. It distributes its products through its e-commerce channel and direct sales force. The company was founded in 1893 and is based in Dubuque, Iowa.

How this company scores

GoodMetricSide Score: 71/100

Strongest: Growth (19/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability18/25

Growth19/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality19/25

Strengths

Rising free cash flowHigh ROERising earningsInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.6x5y range 6.3x – 61.9x

Currently near its 19-quarter median.

P/S · 0.6x5y range 0.2x – 0.8x

Currently above its 20-quarter median.

P/B · 2.3x5y range 0.6x – 2.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.5x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $298.85M

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $462.70M
Q. Revenue: $113.97M
TTM EBITDA: $46.46M
TTM Op. Income: $40.46M
Q. Op. Income: $6.89M
TTM Net Income: $31.23M
Q. Net Income: $5.42M
EPS: $1.32
Shares Out.: $4.12M

$462.70M in TTM revenue grew 3.4% YoY, reaching $113.97M last quarter. TTM EBITDA of $46.46M and TTM operating income of $40.46M show growth is flowing through to the bottom line. TTM net income of $31.23M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 22.0%
EBITDA Margin: 7.0%
Op. Margin: 6.0%
Net Margin: 4.8%

Op. margin of 6.0% is down 2.1% YoY — costs are rising relative to revenue. Net margin at 4.8% and gross margin of 22.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 26% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.6x
P/S Ratio: 0.6x
P/B Ratio: 2.3x

At 9.6x P/E, the stock trades below typical market levels. P/S of 0.6x and P/B of 2.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 12% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $242.51M
Cash: $4.41M
Long-Term Debt: N/A
Book Value: $132.06M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-1.47M
TTM Free Cash Flow: $42.39M
FCF Margin: 9.2%
FCF / Net Income: 1.4

TTM FCF of $42.39M on $-1.47M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 23% — a weakening trend.