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Flexsteel Industries, Inc.

Rank #109Capital ReturnWatchlistCompare with other stocks

FLXS · Nasdaq · Consumer Cyclical

Flexsteel Industries, Inc. (FLXS) — Rank #109 by gross profitability (GP/assets 0.45) · ROE 24.8% · Piotroski F-Score 7 / 9.

As-of 2026-10-30 · CIK 0000037472 · all metrics point-in-time as of the filing date.

About

Flexsteel Industries, Inc., together with its subsidiaries, manufactures, distributes, imports, and markets residential furniture products in the United States.

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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.

Industry
Furnishings, Fixtures & Appliances
Sector
Consumer Cyclical
State
MN
Filer Category
Accelerated filerSmaller reporting company
Fiscal Year End
June 30

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

1,200

Industry

Furnishings, Fixtures & Appliances

Exchange

Nasdaq

11/11

Flags passed

FLXS passes 11/11 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Operating leverage expanding · Deferred revenue growing · Sequential beat (rev + EPS)

No data Balance sheet — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.45
Return on equity
24.8%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.90
Current ratio
2.09×
Net cash
$16.68M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
1.0%

Growth

2/2 pass
Revenue growth
4.1%
Piotroski F-Score
7 / 9
Share dilution
-3.9%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 0.45

Gross profitability (GP / assets)

0.45

Primary signal (Novy-Marx).

4th of 6 SIC 25 peers

Return on equity

24.8%

Gross margin

24.7%

6th of 6 SIC 25 peers

Revenue growth (YoY)

4.1%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

5.3%

Revenue CAGR (5Y)

-0.8%

Earnings CAGR (3Y)

30.9%

FCF CAGR (3Y)

37.8%

Cash Flow Health

Is the cash real?

No warning flags · FCF 44% above net income

Free cash flow

$47.58M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

43.6%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

1.0%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $16.68M, F-Score 7/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.90

4th of 6 SIC 25 peers (best = lowest)

Current ratio

2.09×

2nd of 6 SIC 25 peers

Quick ratio

0.78×

Net cash

$16.68M

Cash & equivalents minus total debt.

Piotroski F-Score

7 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Dividend safety

Composite score

3.8 / 5

Good
Payout ratio
13.2%5/5 Strong
FCF coverage
10.87×5/5 Strong
Dividend growth streak
2 yr1/5 Weak
Balance-sheet health
D/E 0.90 · IC 1934.09×4/5 Strong

Capital allocation quality

Composite score

2.0 / 5

Fair
Share count trend(net buybacks)
-3.9%4/5 Strong
Buyback timing
N/AN/A
Dividend growth consistency
2 yr1/5 Weak
Net debt trajectory
-9.2%1/5 Weak

Lifecycle Phase History

20212026
Hypergrowth
Capital Return
Value

Price History

FLXS+162.8% · +21.3% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports