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Flex (FRA:FXI) Net Margin % : 6.40% (As of Mar. 2024)


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What is Flex Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Flex's Net Income for the three months ended in Mar. 2024 was €363 Mil. Flex's Revenue for the three months ended in Mar. 2024 was €5,675 Mil. Therefore, Flex's net margin for the quarter that ended in Mar. 2024 was 6.40%.

The historical rank and industry rank for Flex's Net Margin % or its related term are showing as below:

FRA:FXI' s Net Margin % Range Over the Past 10 Years
Min: 0.35   Med: 2.06   Max: 3.81
Current: 3.58


FRA:FXI's Net Margin % is ranked better than
55.42% of 2463 companies
in the Hardware industry
Industry Median: 2.67 vs FRA:FXI: 3.58

Flex Net Margin % Historical Data

The historical data trend for Flex's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Flex Net Margin % Chart

Flex Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 2.54 3.59 2.61 3.81

Flex Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.90 2.54 3.05 2.77 6.40

Competitive Comparison of Flex's Net Margin %

For the Electronic Components subindustry, Flex's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Flex's Net Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Flex's Net Margin % distribution charts can be found below:

* The bar in red indicates where Flex's Net Margin % falls into.



Flex Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Flex's Net Margin for the fiscal year that ended in Mar. 2024 is calculated as

Net Margin=Net Income (A: Mar. 2024 )/Revenue (A: Mar. 2024 )
=925.52/24301.8
=3.81 %

Flex's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=363.4/5675.48
=6.40 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Flex  (FRA:FXI) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Flex Net Margin % Related Terms

Thank you for viewing the detailed overview of Flex's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Flex (FRA:FXI) Business Description

Traded in Other Exchanges
Address
2 Changi South Lane, Singapore, SGP, 486123
Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.

Flex (FRA:FXI) Headlines

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