Flex (FLEX) ROIC: History & Chart

Name: Flex Ltd. (FLEX) Return on Invested Capital (ROIC) — historical time series
Creator: TGMCharts

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Flex Ltd.(FLEX)

Hardware, Equipment & Parts · Austin, TX

$116.63+3.85 (+3.41%)

Delayed quote: Oct 2, 2026, 3:55 PM EDT

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About Flex Ltd.

Flex Ltd. is a global provider offering extensive design, engineering, manufacturing, and supply chain management solutions to original equipment manufacturers (OEMs) across Asia, the Americas, and Europe. Its operations are structured into three primary segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company specializes in a range of cross-industry technologies, such as human-machine interfaces, Internet of Things (IoT) platforms, advanced power solutions, sensor fusion, and smart audio systems. A significant offering includes integrated solar tracker and software solutions tailored for utility-scale and ground-mounted distributed generation solar projects. Flex also delivers value-added design and engineering support, alongside comprehensive systems assembly and manufacturing services. These encompass enclosure fabrication, rigorous testing, and meticulous materials procurement and inventory management. Their product line features power components like chargers for smartphones and tablets, adapters for notebooks and gaming systems, and power supplies for server, storage, and networking markets. Furthermore, they provide full power solutions, including switchgear, busway, power distribution units, modular power systems, and related monitoring services. Beyond production, Flex offers end-to-end supply chain logistics, covering both forward and after-market services for computing, consumer digital, infrastructure, industrial, mobile, automotive, and medical sectors. Their reverse logistics and repair capabilities include returns management, exchange programs, complex repairs, asset recovery, recycling, and e-waste management. The company serves a broad spectrum of industries, including cloud computing, communications, enterprise, automotive, industrial, consumer devices, lifestyle, healthcare, and energy. Founded in 1990 in Singapore, the company was formerly known as Flextronics International Ltd. before adopting the name Flex Ltd. in September 2016.

Austin, TX

149,686 employees

www.flex.com

Technology / Hardware, Equipment & Parts

Sector: Technology
Industry: Hardware, Equipment & Parts
CEO: Revathi Advaithi

View full financials

FLEX Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

9.65%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

10.17%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

8.80%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

10.07%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

7.67%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

8.50%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

7.65%

CURRENT VS TTM AVG

-5.16%

CURRENT VS 3Y AVG

+9.58%

CURRENT VS 5Y AVG

-4.19%

CURRENT VS 10Y AVG

+25.78%

CURRENT VS 15Y AVG

+13.54%

CURRENT VS 20Y AVG

+26.10%

SECTOR MEDIAN · TECHNOLOGY

7.81%

median of 213 covered companies

CURRENT VS SECTOR MEDIAN

+23.52%

vs the sector median at left

NAME	MARKET CAP	RETURN ON INVESTED CAPITAL (ROIC)	TTM	3Y	5Y
Flex Ltd. (FLEX)	$43.08B	9.65%	10.17%	8.80%	10.07%
Microchip Technology Incorporated (MCHP)vs ›	$44.22B	5.01%	2.13%	8.76%	8.73%
Block, Inc. (XYZ)vs ›	$44.28B	4.78%	6.63%	3.67%	2.70%
Veeva Systems Inc. (VEEV)vs ›	$44.37B	10.40%	9.27%	9.56%	11.34%
NetApp, Inc. (NTAP)vs ›	$44.45B	21.27%	18.05%	16.87%	16.06%
Celestica Inc. (CLS)vs ›	$44.50B	32.38%	21.68%	15.46%	11.85%
Autodesk, Inc. (ADSK)vs ›	$44.71B	21.19%	18.64%	17.32%	15.98%
Twilio Inc. (TWLO)vs ›	$44.78B	3.06%	0.38%	-2.90%	-4.08%
Credo Technology Group Holding Ltd (CRDO)vs ›	$40.75B	17.90%	21.06%	6.52%	1.49%
Cerebras Systems Inc. (CBRS)vs ›	$39.47B	-5.08%	-8.78%	-52.01%	-52.01%

NAME

MARKET CAP

RETURN ON INVESTED CAPITAL (ROIC)

TTM

Flex Ltd. (FLEX)

$43.08B

9.65%

10.17%

8.80%

10.07%

Microchip Technology Incorporated (MCHP)vs ›

$44.22B

5.01%

2.13%

8.76%

8.73%

Block, Inc. (XYZ)vs ›

$44.28B

4.78%

6.63%

3.67%

2.70%

Veeva Systems Inc. (VEEV)vs ›

$44.37B

10.40%

9.27%

9.56%

11.34%

NetApp, Inc. (NTAP)vs ›

$44.45B

21.27%

18.05%

16.87%

16.06%

Celestica Inc. (CLS)vs ›

$44.50B

32.38%

21.68%

15.46%

11.85%

Autodesk, Inc. (ADSK)vs ›

$44.71B

21.19%

18.64%

17.32%

15.98%

Twilio Inc. (TWLO)vs ›

$44.78B

3.06%

0.38%

-2.90%

-4.08%

Credo Technology Group Holding Ltd (CRDO)vs ›

$40.75B

17.90%

21.06%

6.52%

1.49%

Cerebras Systems Inc. (CBRS)vs ›

$39.47B

-5.08%

-8.78%

-52.01%

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)

Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for Flex Ltd. (FLEX)?

The return on invested capital (ROIC) for FLEX stock is 9.65%.

Is Flex Ltd.'s return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 9.65% is in line with its 5-year average of 10.07%, near the high end of its 5-year range (5.40%–11.08%).

What is the TTM average return on invested capital (ROIC) for Flex Ltd. (FLEX)?

The TTM average return on invested capital (ROIC) for FLEX stock is 10.17%.

What is the 3Y average return on invested capital (ROIC) for Flex Ltd. (FLEX)?

The 3Y average return on invested capital (ROIC) for FLEX stock is 8.80%.

What is the 5Y average return on invested capital (ROIC) for Flex Ltd. (FLEX)?

The 5Y average return on invested capital (ROIC) for FLEX stock is 10.07%.

What is the 10Y average return on invested capital (ROIC) for Flex Ltd. (FLEX)?

The 10Y average return on invested capital (ROIC) for FLEX stock is 7.67%.

What is the 15Y average return on invested capital (ROIC) for Flex Ltd. (FLEX)?

The 15Y average return on invested capital (ROIC) for FLEX stock is 8.50%.

What is the 20Y average return on invested capital (ROIC) for Flex Ltd. (FLEX)?

The 20Y average return on invested capital (ROIC) for FLEX stock is 7.65%.

DATE	RETURN ON INVESTED CAPITAL (ROIC)
2026-06-26	9.65%
2026-03-31	10.98%
2025-12-31	9.49%
2025-09-26	10.31%
2025-06-27	10.43%
2025-03-31	9.83%
2024-12-31	7.19%
2024-09-27	5.77%
2024-06-28	5.91%
2024-03-31	5.40%
2023-12-31	8.74%
2023-09-29	9.97%
2023-06-30	10.79%
2023-03-31	11.08%
2022-12-31	10.29%
2022-09-30	10.07%
2022-07-01	9.34%
2022-03-31	9.13%
2021-12-31	10.20%
2021-10-01	11.04%
2021-07-02	9.84%
2021-03-31	8.29%
2020-12-31	6.72%
2020-09-25	6.10%
2020-06-26	3.17%
2020-03-31	3.66%
2019-12-31	3.48%
2019-09-27	4.83%
2019-06-28	3.89%
2019-03-31	4.07%
2018-12-31	3.90%
2018-09-28	5.71%
2018-06-29	5.67%
2018-03-31	6.31%
2017-12-31	7.69%
2017-09-29	7.79%
2017-06-30	6.64%
2017-03-31	7.04%
2016-12-31	6.53%
2016-09-30	7.83%
2016-07-01	9.72%
2016-03-31	9.76%
2015-12-31	10.38%
2015-09-25	10.04%
2015-06-26	10.16%
2015-03-31	12.03%
2014-12-31	11.78%
2014-09-26	11.70%
2014-06-27	11.40%
2014-03-31	9.94%
2013-12-31	7.45%
2013-09-30	4.85%
2013-06-28	5.43%
2013-03-31	6.77%
2012-12-31	9.53%
2012-09-28	10.90%
2012-06-29	10.91%
2012-03-31	11.21%
2011-12-31	11.66%
2011-09-30	13.73%
2011-07-01	14.20%
2011-03-31	13.74%
2010-12-31	13.43%
2010-10-01	11.98%
2010-07-02	9.19%
2010-03-31	5.89%
2009-12-31	3.52%
2009-10-02	0.23%
2009-07-03	2.30%
2009-03-31	6.27%
2008-12-31	10.54%
2008-09-26	2.97%
2008-06-27	3.04%
2008-03-31	2.74%
2007-12-31	2.10%
2007-09-28	6.48%
2007-06-29	5.41%
2007-03-31	5.39%
2006-12-31	-1.87%
2006-09-30	-1.27%
2006-06-30	-0.67%
2006-03-31	-0.68%
2005-12-31	5.44%
2005-09-30	4.82%
2005-07-01	6.72%
2005-03-31	6.56%
2004-12-31	6.23%
2004-09-30	6.03%
2004-06-30	5.38%
2004-03-31	4.78%
2003-12-31	4.21%
2003-09-30	4.02%
2003-06-30	3.98%

DATE

RETURN ON INVESTED CAPITAL (ROIC)

2026-06-26

9.65%

2026-03-31

10.98%

2025-12-31

9.49%

2025-09-26

10.31%

2025-06-27

10.43%

2025-03-31

9.83%

2024-12-31

7.19%

2024-09-27

5.77%

2024-06-28

5.91%

2024-03-31

5.40%

2023-12-31

8.74%

2023-09-29

9.97%

2023-06-30

10.79%

2023-03-31

11.08%

2022-12-31

10.29%

2022-09-30

10.07%

2022-07-01

9.34%

2022-03-31

9.13%

2021-12-31

10.20%

2021-10-01

11.04%

2021-07-02

9.84%

2021-03-31

8.29%

2020-12-31

6.72%

2020-09-25

6.10%

2020-06-26

3.17%

2020-03-31

3.66%

2019-12-31

3.48%

2019-09-27

4.83%

2019-06-28

3.89%

2019-03-31

4.07%

2018-12-31

3.90%

2018-09-28

5.71%

2018-06-29

5.67%

2018-03-31

6.31%

2017-12-31

7.69%

2017-09-29

7.79%

2017-06-30

6.64%

2017-03-31

7.04%

2016-12-31

6.53%

2016-09-30

7.83%

2016-07-01

9.72%

2016-03-31

9.76%

2015-12-31

10.38%

2015-09-25

10.04%

2015-06-26

10.16%

2015-03-31

12.03%

2014-12-31

11.78%

2014-09-26

11.70%

2014-06-27

11.40%

2014-03-31

9.94%

2013-12-31

7.45%

2013-09-30

4.85%

2013-06-28

5.43%

2013-03-31

6.77%

2012-12-31

9.53%

2012-09-28

10.90%

2012-06-29

10.91%

2012-03-31

11.21%

2011-12-31

11.66%

2011-09-30

13.73%

2011-07-01

14.20%

2011-03-31

13.74%

2010-12-31

13.43%

2010-10-01

11.98%

2010-07-02

9.19%

2010-03-31

5.89%

2009-12-31

3.52%

2009-10-02

0.23%

2009-07-03

2.30%

2009-03-31

6.27%

2008-12-31

10.54%

2008-09-26

2.97%

2008-06-27

3.04%

2008-03-31

2.74%

2007-12-31

2.10%

2007-09-28

6.48%

2007-06-29

5.41%

2007-03-31

5.39%

2006-12-31

-1.87%

2006-09-30

-1.27%

2006-06-30

-0.67%

2006-03-31

-0.68%

2005-12-31

5.44%

2005-09-30

4.82%

2005-07-01

6.72%

2005-03-31

6.56%

2004-12-31

6.23%

2004-09-30

6.03%

2004-06-30

5.38%

2004-03-31

4.78%

2003-12-31

4.21%

2003-09-30

4.02%

2003-06-30

3.98%

Return on Invested Capital (ROIC): 9.65%

FLEX Return on Invested Capital (ROIC)

FLEX Average Return on Invested Capital (ROIC) Chart

FLEX Current vs Average Return on Invested Capital (ROIC) Chart

FLEX Return on Invested Capital (ROIC) Metrics

FLEX Competitors' Return on Invested Capital (ROIC)

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

Return on Invested Capital (ROIC) FAQ

FLEX Return on Invested Capital (ROIC) History

Related Metrics