Flexsteel Industries, Inc.
Rank #110Capital ReturnFLXS · Nasdaq · Consumer Cyclical
Flexsteel Industries, Inc. (FLXS) — Rank #110 by gross profitability (GP/assets 0.45) · ROE 24.8% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · 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
- Website
- flexsteel.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$327.07M
P/E (annual)
13.2
P/S (annual)
0.7
P/B
2.5
P/OCF (annual)
6.3
Shareholder Yield
5.2%
Employees
1,200
Industry
Furnishings, Fixtures & Appliances
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 3/5 Terry Smith thresholdsWhat Growth Is Priced In
Implied revenue growth (10Y)
-3.0%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -3.9% — per-share value needs a total required return of -6.9% once share-count change is priced in.
vs. own 6-year median revenue growth: 5.9%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-6.7%
r = 10% (base)
-3.0%
r = 12%
0.1%
Net debt / market cap: -3.8%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.45
Primary signal (Novy-Marx).
3rd of 5 SIC 25 peers
Return on equity
24.8%
Gross margin
24.7%
5th of 5 SIC 25 peers
Revenue growth (YoY)
4.1%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| 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%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.90
3rd of 5 SIC 25 peers (best = lowest)
Current ratio
2.09×
2nd of 5 SIC 25 peers
Quick ratio
0.78×
Net cash
$16.68M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$47.58M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.44
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.0%
Stock-based comp intensity.
Dividend safety
Composite score
3.8 / 5
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).