FLEXSTEEL INDUSTRIES INC FLXS

Industrials SIC 2510 - Household Furniture NAICS Manufacturing › Furniture and Related Product Manufacturing › Household and Institutional Furniture and Kitchen Cabinet Manufacturing › Household and Institutional Furniture Manufacturing derived Nasdaq

Flexsteel Industries, Inc. and Subsidiaries (the "Company," "Flexsteel," or "Our") is one of the largest residential furniture manufacturers, importers, and marketers in the U.S. Flexsteel addresses different consumer groups through our core brand, Flexsteel, and several category-specific sub-brands: Zecliner, Statements, Zen, Perfect Match, and Pulse, all of which have unique value propositions tailored to specific consumer needs. We offer a wide assortment of product solutions for different areas within the home including stationary and motion sofas, loveseats, chairs, and sectionals, as well as bedroom furniture, dining tables and chairs, occasional and entertainment tables, and kitchen storage. For more than 130 years, Flexsteel has strived to create strong consumer value with unmatched quality, comfort, and durability, backed by innovation and highlighted by its patented Blue Steel Spring technology, designed to deliver lasting comfort and support. Today, Flexsteel products are available nationwide through retail partners and online channels.

Last close 82.16 2026-09-04
Market cap $336.2M 2026-06-30 share count
52-week range 34.00 - 88.49

Valuation FY2026 figures against the last close

P/S0.7x
P/E13.5x
P/FCF7.1x
EV/EBITDA7.2x
Dividend yield1.3%
Diluted EPS6.07

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $459.2M$441.1M$412.8M$393.7M$544.3M$478.9M$366.9M$443.6M$489.2M$468.8M
Cost of revenue $345.7M$343.1M$325.5M$322.7M$471.6M$382.2M$313.9M$373.6M$391.0M$360.1M
Gross profit $113.4M$97.9M$87.2M$70.9M$72.7M$96.7M$53.1M$69.9M$98.2M$108.7M
R&D $2.6M$2.1M$2.1M$2.1M$2.9M$1.9M$4.0M$4.4M$3.9M$3.7M
SG&A $70.9M$66.7M$70.4M$62.8M$66.7M$68.0M$72.4M$81.3M$71.9M$72.6M
Operating income $42.5M$26.6M$17.1M$10.5M$6.6M$31.2M-$34.4M-$43.2M$24.5M$37.3M
Interest expense $22.0K$70.0K$1.6M$1.3M$835.0K$10.0K$82.0K———
Pre-tax income $43.8M$27.0M$15.6M$9.2M$5.9M$31.5M-$33.8M-$42.6M$25.1M$37.6M
Income tax $10.7M$6.8M$5.0M$5.6M$4.0M$8.4M$6.9M$10.0M$7.5M$13.8M
Net income $33.1M$20.2M$10.5M$14.8M$1.9M$23.0M-$26.8M-$32.6M$17.7M$23.8M
EPS, basic 6.463.842.042.830.293.20-3.37-4.132.253.06
EPS, diluted 6.073.551.912.740.283.09-3.37-4.132.233.02
Shares, diluted (wtd. avg.) 5.5M5.7M5.5M5.4M6.5M7.5M8.0M7.9M7.9M7.9M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $16.7M$40.0M$4.8M$3.4M$2.2M$1.3M$48.2M$22.2M$27.8M$28.9M
Receivables $42.7M$35.2M$44.2M$38.2M$41.1M$56.0M$32.2M$38.2M$41.3M$42.4M
Inventory $90.6M$89.1M$96.6M$122.1M$141.2M$161.1M$70.6M$93.7M$96.2M$99.4M
Total current assets $158.4M$172.4M$155.4M$170.6M$190.1M$228.5M$181.8M$166.0M$189.6M$195.2M
Property, plant and equipment $36.0M$36.2M$36.7M$38.7M$38.5M$39.8M$43.3M$79.2M$90.7M$70.7M
Total assets $254.0M$282.5M$274.5M$290.6M$268.7M$296.8M$237.3M$254.3M$284.3M$270.0M
Total current liabilities $75.7M$62.0M$60.4M$55.1M$64.6M$99.8M$53.5M$47.8M$40.9M$37.2M
Total liabilities $120.5M$114.6M$124.1M$148.9M$137.2M$128.8M$61.8M$48.9M$42.6M$39.3M
Retained earnings $219.2M$190.4M$174.1M$166.8M$155.3M$157.1M$137.3M$170.0M$209.6M$198.5M
Total equity $133.5M$167.9M$150.4M$141.6M$131.6M$168.0M$175.5M$205.4M$241.7M$230.8M

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $51.5M$37.0M$31.9M$23.0M$8.0M-$32.7M$18.3M$6.7M$27.3M$26.4M
Depreciation and amortisation $3.8M$3.7M$4.0M$4.6M$5.2M$5.2M$8.4M$7.4M$7.4M$7.9M
Stock-based compensation $4.6M$3.9M$4.6M$3.2M$1.0M$3.7M$4.9M$1.4M$501.0K$1.6M
Capital expenditure $3.9M$3.3M$4.8M$4.8M$3.9M$2.6M$3.7M$21.3M$29.4M$13.5M
Investing cash flow -$3.9M$9.4M-$593.0K-$4.5M-$1.9M$16.1M$16.8M-$5.2M-$21.4M-$29.7M
Financing cash flow -$70.9M-$11.2M-$29.9M-$17.4M-$5.2M-$30.2M-$9.1M-$7.0M-$7.1M-$4.6M
Dividends paid $4.4M$3.6M$3.2M$3.2M$3.9M$2.6M$7.0M$6.9M$6.7M$6.1M
Buybacks $63.7M—$1.7M$3.7M$35.1M$29.8M$1.6M———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-357097.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Interest expense
  • Total current liabilities
  • Goodwill
  • Operating cash flow
Interest expense, Total current liabilities, Goodwill, Operating cash flow by fiscal year, in US dollars The same figures are in the table below this chart. -50M 0 50M 100M Total current liabilities, FY2017: 37.2M Operating cash flow, FY2017: 26.4M Total current liabilities, FY2018: 40.9M Operating cash flow, FY2018: 27.3M Total current liabilities, FY2019: 47.8M Operating cash flow, FY2019: 6.7M Interest expense, FY2020: 82K Total current liabilities, FY2020: 53.5M Operating cash flow, FY2020: 18.3M Interest expense, FY2021: 10K Total current liabilities, FY2021: 99.8M Operating cash flow, FY2021: -32.7M Interest expense, FY2022: 835K Total current liabilities, FY2022: 64.6M Operating cash flow, FY2022: 8M Interest expense, FY2023: 1.3M Total current liabilities, FY2023: 55.1M Operating cash flow, FY2023: 23M Interest expense, FY2024: 1.6M Total current liabilities, FY2024: 60.4M Operating cash flow, FY2024: 31.9M Interest expense, FY2025: 70K Total current liabilities, FY2025: 62M Operating cash flow, FY2025: 37M Interest expense, FY2026: 22K Total current liabilities, FY2026: 75.7M Operating cash flow, FY2026: 51.5M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Interest expense — — — $82.0K $10.0K $835.0K $1.3M $1.6M $70.0K $22.0K
Total current liabilities $37.2M $40.9M $47.8M $53.5M $99.8M $64.6M $55.1M $60.4M $62.0M $75.7M
Goodwill — — — — — — — — — —
Operating cash flow $26.4M $27.3M $6.7M $18.3M -$32.7M $8.0M $23.0M $31.9M $37.0M $51.5M

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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