undamentalytics Newsletter
Sign in

Flexsteel Industries Inc (FLXS) stock

Add to watchlist

Add holding +

NASDAQ: FLXS Nasdaq Home Furnishings Next results ~February 1, 2027

C+ Fundamentals grade

Flexsteel Industries Inc is a US-listed company in the home furnishings industry. Its financial year ends in June.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$150

Cash-flow model

Base case. Range ~$120–$200 across our lower- and higher-growth cases (-0.5%–9.5% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 110% above it.

Price used: $73.08, November 3, 2026

Flexsteel Industries Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds71 adding, 43 cuttingOf 30 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Flexsteel Industries files

Where Flexsteel Industries stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $463m, up 3.4% on a year earlier, slower than the 4.1% growth a quarter earlier. Free-cash-flow margin rose to 9.2% from 7.7% a year earlier. Operating margin widened to 8.7% from 6.6%. The diluted share count is down 9.4% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $147 a share, against a share price of $76.83. At that price, our model says the market is pricing in cash flow shrinking about 6.7% a year for five years, slower than the -3.2% a year revenue growth it has delivered.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 1, 2027 (estimated)

Flexsteel Industries Inc's trailing-twelve-month revenue grew 3.4% year on year, with a free-cash-flow margin of 9.2%. Where it stands out: change in share count of -9.4% ranks 1 of 10 home furnishings companies we cover. Where it lags: stock pay as % of revenue of 1.0% ranks 10 of 10 home furnishings companies we cover.

Our discounted-cash-flow model values the business at ~$150 per share in the base case (~$120–$200 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 3.4% (-0.7pp vs the prior quarter), the 3rd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $72.50 is 111% below our value per share of $150.
  • Shrinking share count. Diluted shares fell 9.4% in a year, so each share owns more of the business.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 8.1% over 90 days.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 52% and a beta of 0.9 against the S&P 500.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 1.0% ranks 10 of 10 home furnishings companies we cover (median 0.6%).
  • Below peers: gross margin. Gross margin of 24.3% ranks 10 of 11 home furnishings companies we cover (median 37.5%).

Latest results: FY2027 Q1

Filed October 28, 2026
Earnings per share
$1.24 against an average estimate of $1.25: missed by 0.8%
Revenue
$114m, up 3.2% on a year earlier
Share reaction
-19.9% in the first session after the results on October 26, 2026, against +1.3% for the S&P 500
Guidance given
sales $119.5m to $123m (second quarter fiscal 2027); sales Growth (vs. Prior Year) growth 1% to 4% (second quarter fiscal 2027)
Next report
October 26, 2026; average EPS estimate $1.40

Flexsteel Industries' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.8%
  • 1 week+8.4%
  • 1 month-17.7%
  • This year+85.6%
  • 1 year+115.0%
  • 5 years+215.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$463M
Operating margin
8.7%
Net margin
6.7%
EPS (TTM, diluted)
$6.07

Growth

Revenue growth
+3.4%
Change in growth rate
−0.7 pts
Share count change
−9.4%

Cash

Free cash flow (TTM)
$42.4M
FCF margin
9.2%
Stock pay % of revenue
1.0%

Earnings

Last results
October 26, 2026
Next results (est.)
February 1, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Leadership
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Flexsteel Industries Inc valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 8.5% a year for five years.That is slower than the -3.2% a year revenue growth Flexsteel Industries has delivered.

  • Priced in-8.5%
  • Last 12 months3.4%
  • 3 years a year5.6%
  • 5 years a year-3.2%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($73.08, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$150
Price used
$73.08close November 3, 2026
Implied change
▲ +110%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Flexsteel Industries Inc's free cash flow after stock-based pay with after-tax interest added back ($33.3M, FY2027 Q1 TTM), growing 3.5% and 4.6% in the next two years (forecasts, guidance and its record), then back to 4.5% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$120–~$200 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Flexsteel Industries Inc's free cash flow after stock-based pay ( $33.3M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Flexsteel Industries Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.78 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$150 ~$120–$200 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$77 ~$69–$160 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$43 ~$29–$63 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$45 ~$38–$56 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$94 ~$43–$150 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Flexsteel Industries Inc with Home Furnishings in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −11%
  • Last year's free-cash-flow margin change, if it persists ▲ +19%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $116$158$212$284$378$500
8.5% $89$119$159$210$277$363
10% $73$96$126$166$217$282

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$30.64$42.49$31.98$14.21$11.06$35.81$16.37$17.98$29.94$35.31$74.26$72.50
Market value$238m$335m$253m$112m$88m$267m$106m$97m$165m$201m$405m$373m
+ Net debt (− = net cash)−$37m−$29m−$28m−$22m−$48m$2m$36m$25m$61000−$40m−$17m−$4m
Enterprise value$201m$306m$226m$90m$40m$270m$142m$122m$165m$161m$389m$369m
Multiples
Price / sales 0.5x0.7x0.5x0.3x0.2x0.6x0.2x0.2x0.4x0.5x0.9x0.8x
Price / earnings 9.8x14.1x14.3x——11.6x57.5x6.6x15.7x9.9x12.2x12.0x
Price / free cash flow 5.1x25.9x——6.0x—25.7x5.3x6.1x5.9x8.5x8.8x
EV / EBITDA 4.4x6.8x7.1x——7.4x12.0x8.1x7.8x5.3x8.4x8.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

37 /100

Weak moat

How hard Flexsteel Industries's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Net income has been a median 5.3% of total assets over 10 years.

  • Pricing power 7 / 20

    Gross margin has been a median 19.2%, moving by 3.5 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 4.2%; its worst year was -10.5%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 8 of 10 years, at a median 2.6% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 29.1% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (42 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.40 +9% $475m +4%
Next $6.25 +16% $500m +5%

Next year's EPS estimate has moved +8.1% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +6.9% on 90 days ago. In the last 30 days, 1 analyst raised Flexsteel Industries Inc's forecast and 0 cut it.

Consensus EPS forecast Flexsteel Industries Inc, last 90 days
$5.00 $5.50 $6.00 $6.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.05 Current fiscal year, 60 days ago: $5.29 Current fiscal year, 30 days ago: $5.29 Current fiscal year, 7 days ago: $5.29 Current fiscal year, Now: $5.40 $5.40 Next fiscal year, 90 days ago: $5.78 Next fiscal year, 60 days ago: $6.05 Next fiscal year, 30 days ago: $6.05 Next fiscal year, 7 days ago: $6.05 Next fiscal year, Now: $6.25 $6.25

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.05$5.78
60 days ago $5.29$6.05
30 days ago $5.29$6.05
7 days ago $5.29$6.05
Now $5.40$6.25

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.25 $1.24 −0.8%
Jun 2026 $1.15 $1.33 +15.7%
Mar 2026 $0.75 $1.14 +52.0%
Dec 2025 $0.79 $1.18 +49.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 26, 2026
  • Sales second quarter fiscal 2027 $120m to $123m
    “Sales $119.5 - $123.0 million” source
  • Sales Growth (vs. Prior Year) second quarter fiscal 2027 1% growth to 4% growth
    “Sales Growth (vs. Prior Year) 1% to 4%” source
  • GAAP Operating Margin second quarter fiscal 2027 6.5% to 7% GAAP
    “GAAP Operating Margin 6.5% to 7.0%” source
  • Flexsteel brand sales forecast second quarter fiscal 2027 $120m to $123m
    “Flexsteel brand $119.5 - $123.0 $115.5 +3.5% to +6.5%” source
  • Flexsteel brand sales growth forecast second quarter fiscal 2027 3.5% growth to 6.5% growth
    “Flexsteel brand $119.5 - $123.0 $115.5 +3.5% to +6.5%” source
  • homestyles brand sales forecast second quarter fiscal 2027 about $0m
    “homestyles brand $0.0 $2.7 -100%” source
Show 1 more item
  • homestyles brand sales growth forecast second quarter fiscal 2027 about -100% growth
    “homestyles brand $0.0 $2.7 -100%” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Flexsteel Industries Inc's revenue by +3.5% next year and +4.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.1%, weight 25%) , management guidance (+2.5%, weight 45%) and the company's own record (+4.5%, weight 30%) . How the weights are set.

Analyst recommendations

1 analysts, Oct 2026
Buy00%
Hold1100%
Sell00%

Monthly trend

  1. Oct 202611
  2. Sep 202611
  3. Aug 202611

Counts of recommendations published by analysts covering Flexsteel Industries Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.7%
of tradable shares
Days to cover
3.23
at average volume
Short interest, 1 month
−8%
to October 15, 2026
Held by institutions
70%
of shares
Held by insiders
9.8%
of shares
Employees
1,200
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +115.5%

$33.65 on October 31, 2025 to $72.50

ThenNowEffect
Revenue (last 12 months) $441m $459m +4.1%
Net margin 4.6% 7.2% +57.9%
P/E multiple 9.5x 11.9x +26.0%
Share count 6m 5m +4.1%

Biggest factor: net margin.

Last 3 years +309.1%

$17.72 on November 3, 2023 to $72.50

ThenNowEffect
Revenue (last 12 months) $394m $459m +16.6%
Net margin 3.8% 7.2% +92.2%
P/E multiple 6.5x 11.9x +84.9%
Share count 5m 5m −1.3%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FLXS−22%−41%+26%+193%−26%+86%
Industry peers (median)−7%−26%+29%−6%−13%−2%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FLXS42%25%58%75%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FLXS−52%−51%−32%−29%−53%−25%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 86% from December 9, 2016 to May 19, 2020. Getting back needed a 593% gain, reached on October 22, 2024, 1617 days after the low.

Price behaviour

52-week range
$33.99 – $89.11
From 52-week high
−18.6%
vs 50-day average
−12.3%
vs 200-day average
+13.9%
Volatility (1 year)
52%
Beta vs S&P 500
0.87

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±12.5%
After a week
9 up, 3 down
typical move ±16.0%
After a month
7 up, 4 down
typical move ±18.5%
Results releasedNext dayS&P 500 next day5 days21 days
October 26, 2026 −19.9% +1.3% −13.9% —
August 17, 2026 +4.6% −1.1% +9.2% +10.5%
April 20, 2026 +7.3% −0.9% +16.9% +14.4%
February 2, 2026 +7.8% −0.4% +42.4% +31.9%
October 20, 2025 −5.1% +1.0% −6.4% −8.3%
August 18, 2025 +17.7% −0.6% +31.3% +35.7%
April 21, 2025 +9.6% +0.2% +0.2% −0.3%
February 3, 2025 +27.8% 0.0% +1.7% −15.0%
October 21, 2024 +27.0% −0.2% +33.8% +33.6%
August 19, 2024 +4.5% +0.8% +14.0% +20.8%
April 29, 2024 −12.4% −1.2% −1.4% −3.3%
February 5, 2024 +6.3% −0.1% +20.2% +29.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Flexsteel Industries Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Flexsteel Industries Inc
$380M $400M $420M $440M $460M $480M FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $399.6M Revenue (TTM), FY24 Q3: $407.7M Revenue (TTM), FY24 Q4: $412.8M Revenue (TTM), FY25 Q1: $422.2M Revenue (TTM), FY25 Q2: $430.5M Revenue (TTM), FY25 Q3: $437.3M Revenue (TTM), FY25 Q4: $441.1M Revenue (TTM), FY26 Q1: $447.5M Revenue (TTM), FY26 Q2: $457.3M Revenue (TTM), FY26 Q3: $458.4M Revenue (TTM), FY26 Q4: $459.2M Revenue (TTM), FY27 Q1: $462.7M $462.7M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $399.6M
FY24 Q3 $407.7M
FY24 Q4 $412.8M
FY25 Q1 $422.2M
FY25 Q2 $430.5M
FY25 Q3 $437.3M
FY25 Q4 $441.1M
FY26 Q1 $447.5M
FY26 Q2 $457.3M
FY26 Q3 $458.4M
FY26 Q4 $459.2M
FY27 Q1 $462.7M
Revenue growth, TTM YoY Flexsteel Industries Inc
-15% -10% -5% 0% 5% 10% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: -11.9% Revenue growth, TTM YoY, FY24 Q3: -1.1% Revenue growth, TTM YoY, FY24 Q4: 4.8% Revenue growth, TTM YoY, FY25 Q1: 7.5% Revenue growth, TTM YoY, FY25 Q2: 7.7% Revenue growth, TTM YoY, FY25 Q3: 7.2% Revenue growth, TTM YoY, FY25 Q4: 6.9% Revenue growth, TTM YoY, FY26 Q1: 6.0% Revenue growth, TTM YoY, FY26 Q2: 6.2% Revenue growth, TTM YoY, FY26 Q3: 4.8% Revenue growth, TTM YoY, FY26 Q4: 4.1% Revenue growth, TTM YoY, FY27 Q1: 3.4% 3.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 -11.9%
FY24 Q3 -1.1%
FY24 Q4 4.8%
FY25 Q1 7.5%
FY25 Q2 7.7%
FY25 Q3 7.2%
FY25 Q4 6.9%
FY26 Q1 6.0%
FY26 Q2 6.2%
FY26 Q3 4.8%
FY26 Q4 4.1%
FY27 Q1 3.4%
Operating margin (TTM) Flexsteel Industries Inc
0% 5% 10% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 3.2% Operating margin (TTM), FY24 Q3: 3.4% Operating margin (TTM), FY24 Q4: 4.1% Operating margin (TTM), FY25 Q1: 5.0% Operating margin (TTM), FY25 Q2: 6.6% Operating margin (TTM), FY25 Q3: 4.6% Operating margin (TTM), FY25 Q4: 6.0% Operating margin (TTM), FY26 Q1: 6.6% Operating margin (TTM), FY26 Q2: 5.9% Operating margin (TTM), FY26 Q3: 8.8% Operating margin (TTM), FY26 Q4: 9.3% Operating margin (TTM), FY27 Q1: 8.7% 8.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 3.2%
FY24 Q3 3.4%
FY24 Q4 4.1%
FY25 Q1 5.0%
FY25 Q2 6.6%
FY25 Q3 4.6%
FY25 Q4 6.0%
FY26 Q1 6.6%
FY26 Q2 5.9%
FY26 Q3 8.8%
FY26 Q4 9.3%
FY27 Q1 8.7%
FCF margin (TTM) Flexsteel Industries Inc
0% 5% 10% 15% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 2.5% FCF margin (TTM), FY24 Q3: 2.8% FCF margin (TTM), FY24 Q4: 6.6% FCF margin (TTM), FY25 Q1: 7.6% FCF margin (TTM), FY25 Q2: 4.8% FCF margin (TTM), FY25 Q3: 5.9% FCF margin (TTM), FY25 Q4: 7.6% FCF margin (TTM), FY26 Q1: 7.7% FCF margin (TTM), FY26 Q2: 6.1% FCF margin (TTM), FY26 Q3: 8.4% FCF margin (TTM), FY26 Q4: 10.4% FCF margin (TTM), FY27 Q1: 9.2% 9.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 2.5%
FY24 Q3 2.8%
FY24 Q4 6.6%
FY25 Q1 7.6%
FY25 Q2 4.8%
FY25 Q3 5.9%
FY25 Q4 7.6%
FY26 Q1 7.7%
FY26 Q2 6.1%
FY26 Q3 8.4%
FY26 Q4 10.4%
FY27 Q1 9.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Flexsteel Industries took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $459M
  2. Cost of revenue $346M · 75.3%
  3. Gross profit $113M · 24.7%
  4. Research and development $2.6M · 0.6%
  5. Selling, general and admin $70.9M · 15.4%
  6. Operating income $42.5M · 9.3%
  7. Income tax $10.7M · 2.3%
  8. Net income $33.1M · 7.2%

Shares of revenue. Source: Flexsteel Industries's 10-K for FY2026, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jun 2010 2011 Jun 2011 2012 Jun 2012 2013 Jun 2013 2014 Jun 2014 2015 Jun 2015 2016 Jun 2016 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026 LTM Sept 2026
Income
Revenue 326 339 352 386 439 467 500 469 489 444 367 479 544 394 413 441 459 463
Gross profit 75 77 85 90 100 110 114 109 98 70 53 97 73 71 87 98 113 113
EBITDA 21 19 23 24 26 39 46 45 32 −36 −26 36 12 15 21 30 46 45
Operating income 18 16 20 20 22 34 38 37 25 −43 −34 31 7 11 17 27 43 40
Net income 11 10 13 13 15 22 24 24 18 −33 −27 23 2 15 11 20 33 31
Diluted EPS $1.61 $1.50 $1.86 $1.80 $2.00 $2.89 $3.12 $3.02 $2.23 −$4.13 −$3.37 $3.09 $0.28 $2.74 $1.91 $3.55 $6.07 $6.07
Growth (year on year)
Revenue — +4.0% +3.7% +9.7% +13.6% +6.5% +7.1% −6.3% +4.4% −9.3% −17.3% +30.5% +13.6% −27.7% +4.8% +6.9% +4.1% +3.4%
EBITDA — −9.6% +24.4% +4.3% +10.0% +48.7% +15.9% −0.9% −29.5% −212.1% — — −67.6% +28.2% +39.5% +43.6% +53.2% +34.5%
Operating income — −9.5% +27.6% +0.1% +9.9% +54.5% +10.6% −2.1% −34.2% −276.1% — — −78.8% — +62.0% +55.8% +59.9% +36.9%
Net income — −3.6% +25.4% +0.6% +14.0% +48.8% +8.7% −1.9% −25.7% −284.6% — — −92.0% — −28.8% +91.4% +64.4% +33.8%
Diluted EPS — −6.8% +24.0% −3.2% +11.1% +44.5% +8.0% −3.2% −26.2% −285.2% — — −90.9% — −30.3% +85.9% +71.0% +47.7%
Margins
Gross margin 22.9% 22.8% 24.2% 23.4% 22.9% 23.5% 22.7% 23.2% 20.1% 15.8% 14.5% 20.2% 13.4% 18.0% 21.1% 22.2% 24.7% 24.3%
EBITDA margin 6.3% 5.5% 6.6% 6.2% 6.0% 8.4% 9.1% 9.6% 6.5% −8.1% −7.1% 7.6% 2.2% 3.8% 5.1% 6.9% 10.1% 9.6%
Operating margin 5.4% 4.7% 5.8% 5.2% 5.1% 7.4% 7.6% 7.9% 5.0% −9.7% −9.4% 6.5% 1.2% 2.7% 4.1% 6.0% 9.3% 8.7%
Net margin 3.3% 3.1% 3.7% 3.4% 3.4% 4.8% 4.8% 5.1% 3.6% −7.4% −7.3% 4.8% 0.3% 3.8% 2.6% 4.6% 7.2% 6.7%
Free-cash-flow margin 5.5% 3.3% −0.6% −0.1% 2.7% −7.3% 9.4% 2.8% −0.4% −3.3% 4.0% −7.4% 0.8% 4.6% 6.6% 7.6% 10.4% 9.2%
Cash flow
Cash from operations 19 14 9 6 16 3 54 26 27 7 18 −33 8 23 32 37 52 46
Capital spending 1 3 11 6 4 37 7 13 29 21 4 3 4 5 5 3 4 4
Free cash flow 18 11 −2 −0 12 −34 47 13 −2 −15 15 −35 4 18 27 34 48 42
Stock-based pay 1 1 1 1 1 2 1 2 1 1 5 4 1 3 5 4 5 4
Free cash flow after stock pay 17 10 −3 −1 11 −36 46 11 −3 −16 10 −39 3 15 22 30 43 38
Balance sheet
Cash — — — — 22 1 37 29 28 22 48 1 2 3 5 40 17 4
Total debt 0 0 0 0 0 0 0 0 0 0 0 4 38 28 5 — 0 0
Net debt (negative = net cash) — — — — −22 −1 −37 −29 −28 −22 −48 2 36 25 0 −40 −17 −4
Diluted shares 7m 7m 7m 7m 8m 8m 8m 8m 8m 8m 8m 7m 7m 5m 6m 6m 5m 5m
Returned to shareholders
Dividends 1 2 3 4 4 5 5 6 7 7 7 3 4 3 3 4 4 4
Total returned 1 2 3 4 4 5 5 6 7 7 7 3 4 3 3 4 4 4

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · September 30, 2026
What it owns · $243m
Short-term assets $148mLonger-term assets $94m
What it owes, and who funded it · $243m
Short-term liabilities $68mLonger-term liabilities $42mShareholders' equity $132m
  • Short-term assets cover short-term liabilities $148m of assets due within a year against $68m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $148m short-term assets against $42m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Flexsteel Industries Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$4.4M
Returned to shareholders
10%
of free cash flow
Diluted share count
−9.4%
year over year
Total shareholder yield
1.4%
dividends 1.4% + buybacks 0.0% of market value
Dividend payout ratio
14%
of net income paid out
Sales & admin spending
15.6%
of revenue
Days sales outstanding
33 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in home furnishings
Last 12 months unless stated FLXS PRPL ETD VIOT BSET CULP Median
Revenue, last 12 months $463m $453m $579m $338m $336m $207m $453m
Revenue growth, last 12 months 3.4% −0.7% −5.7% 14.7% 1.4% −0.3% 0.2%
Revenue growth, 3-year average 5.6% −4.0% −9.9% — −6.9% −3.3% −2.6%
Revenue growth, latest quarter 3.2% −6.5% −8.5% — 3.4% 6.5% −1.0%
Gross margin 24.3% 41.8% 61.2% 25.3% 56.6% 16.1% 37.5%
Operating margin 8.7% −7.8% 7.8% 5.3% 2.5% −1.0% 5.3%
Operating margin, 3-year average 6.8% −14.2% 10.0% — −0.6% −4.2% 5.9%
Net margin 6.7% −10.7% 6.9% 5.8% 2.0% −1.9% 4.6%
Cash from operations / revenue 9.9% −0.7% 9.1% 6.4% 4.7% −0.3% 8.7%
Free-cash-flow margin 9.2% −2.4% 7.2% 4.7% 2.4% −0.6% 4.8%
Free-cash-flow margin, 3-year average 8.2% −6.4% 8.8% 7.6% 1.5% −4.7% 7.6%
Stock pay / revenue 1.0% 0.1% 0.2% 0.6% — 0.3% 0.4%
Change in share count −9.4% 1.0% −0.2% 2.0% −7.3% 1.1% −0.2%

Median of all 11 companies we cover in home furnishings. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

11 home furnishings companies
Measure Company Peer median Rank
Revenue growth Growth 3.4% 0.2% 4 of 11
Change in growth rate Growth -0.7pp -0.6pp 8 of 11
Gross margin Profitability 24.3% 37.5% 10 of 11
Operating margin Profitability 8.7% 5.3% 2 of 11
Net margin Profitability 6.7% 4.6% 3 of 11
Free-cash-flow margin Cash generation 9.2% 4.8% 2 of 11
Stock pay as % of revenue Cash generation 1.0% 0.6% 10 of 10
Change in share count Balance sheet -9.4% 1.0% 1 of 10
Days sales outstanding Balance sheet 33 days 33 days 4 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$209M
Institutions reporting
125
Shares held vs prior quarter
▲ 7.1%
Positions opened / closed
24 / 12

Top buyers and sellers, Q2 2026: 71 institutions bought and 43 sold ; the biggest buyer was Jacobs Levy Equity Management, Inc (+42K shares) and the biggest seller Mariner, LLC (−38K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Dimensional Fund Advisors LP $27.2M 366K 13.0% ▲ 2.3%
Blackrock, Inc. $20.6M 276K 9.8% ▼ 0.8%
American Century Companies Inc $12.6M 169K 6.0% ▲ 18.7%
Vanguard Capital Management LLC $11.7M 156K 5.6% ▼ 16.9%
Renaissance Technologies LLC $10.9M 147K 5.2% ▲ 3.3%
Geode Capital Management, LLC $7.1M 95K 3.4% ▲ 4.2%
Punch & Associates Investment Management, Inc. $6.8M 92K 3.3% 0.0%
State Street Corp $5.9M 78K 2.8% ▲ 1.3%
Acadian Asset Management LLC $5.7M 77K 2.7% ▼ 2.3%
Jacobs Levy Equity Management, Inc $5.6M 76K 2.7% ▲ 126.1%
Bridgeway Capital Management, LLC $4.9M 66K 2.4% ▲ 3.5%
Rbf Capital, LLC $4.1M 55K 2.0% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Flexsteel Industries Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 1, 2027 estimated from the company's past filing pattern, not announced

  • October 26, 2026
  • August 17, 2026
  • April 20, 2026
  • February 2, 2026
  • October 20, 2025
  • August 18, 2025

Recent SEC filings

Data status

When each part of this page on Flexsteel Industries Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Flexsteel Industries Inc in brief

What does Flexsteel Industries Inc do?
Flexsteel Industries Inc is a US-listed company in the home furnishings industry. Its financial year ends in June.
What is Flexsteel Industries Inc's stock ticker?
Flexsteel Industries Inc trades under the ticker FLXS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Flexsteel Industries Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Flexsteel Industries Inc reported revenue of $463M, 3.4% higher than a year earlier, according to its SEC filings.
What is Flexsteel Industries Inc's free cash flow?
Flexsteel Industries Inc's free-cash-flow margin is 9.2% of revenue over the trailing twelve months, ranking 2 of the 11 home furnishings companies we cover.
What is Flexsteel Industries Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Flexsteel Industries Inc's free cash flow after stock-based pay gives ~$150 per share in the base case, and ~$120–$200 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Flexsteel Industries Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Dimensional Fund Advisors LP, Blackrock, Inc. and American Century Companies Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Flexsteel Industries Inc's market cap?
On November 2, 2026, Flexsteel Industries Inc's market capitalisation was about $373M, with a price-to-earnings ratio of 12.0 and net debt of -$4.4M. Market figures come from third-party market data and may be delayed.
Does Flexsteel Industries Inc pay a dividend?
Yes: Flexsteel Industries Inc paid $4.4M in dividends over the trailing twelve months, a dividend yield of 1.44% and a payout ratio of 14.0%.
Who are Flexsteel Industries Inc's competitors?
In our Home Furnishings peer group, the companies closest to Flexsteel Industries Inc are Purple Innovation, Inc., Ethan Allen Interiors Inc, Viomi Technology Co., Ltd, Bassett Furniture Industries Inc and Culp Inc. The side-by-side comparison below sets their revenue, margins and growth against Flexsteel Industries Inc's.
When is Flexsteel Industries Inc's next earnings date?
Around February 1, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Flexsteel Industries Inc announces its own schedule.