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Flexsteel Industries, Inc., together with its subsidiaries, manufactures, distributes, imports, and markets residential furniture products in the United States. The company offers furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture. 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $441M | $31M | $20M | $34M | 12.0% | 6.9% | 91.4% |
| 2024 | $413M | $21M | $11M | $27M | 7.0% | 4.8% | -28.8% |
| 2023 | $394M | $15M | $15M | $18M | 10.4% | -27.7% | 697.5% |
| 2022 | $544M | $12M | $2M | $4M | 1.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 544.28 | 393.69 | 412.75 | 441.07 |
| Operating Revenue | - | 544.28 | 393.69 | 412.75 | 441.07 |
| Cost Of Revenue | - | 471.60 | 322.74 | 325.51 | 343.13 |
| Gross Profit | - | 72.68 | 70.95 | 87.24 | 97.94 |
| Operating Expense | - | 66.73 | 63.19 | 70.44 | 66.70 |
| Selling General And Administration | - | 66.73 | 62.85 | 70.44 | 66.70 |
| Total Expenses | - | 538.34 | 385.94 | 395.95 | 409.82 |
| Operating Income | - | 5.95 | 7.75 | 16.80 | 31.25 |
| Total Operating Income As Reported | - | 6.62 | 10.54 | 17.08 | 26.62 |
| EBITDA | - | 11.91 | 15.13 | 21.10 | 30.69 |
| Normalized EBITDA | - | 11.24 | 12.34 | 20.82 | 35.32 |
| EBIT | - | 6.74 | 10.56 | 17.10 | 27.04 |
| Interest Income | - | - | 0.02 | 0.02 | 0.42 |
| Interest Expense | - | 0.84 | 1.34 | 1.55 | 0.07 |
| Net Interest Income | - | -0.84 | -1.32 | -1.53 | 0.35 |
| Other Non Operating Income Expenses | 0.28 | 0.12 | 0.02 | 0.02 | - |
| Other Income Expense | - | 0.79 | 2.79 | 0.28 | -4.63 |
| Interest Income Non Operating | - | - | 0.02 | 0.02 | 0.42 |
| Interest Expense Non Operating | - | 0.84 | 1.34 | 1.55 | 0.07 |
| Net Non Operating Interest Income Expense | - | -0.84 | -1.32 | -1.53 | 0.35 |
| Pretax Income | - | 5.90 | 9.22 | 15.55 | 26.97 |
| Tax Provision | - | 4.05 | -5.56 | 5.02 | 6.81 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.14 | 0.59 | 0.09 | -1.17 |
| Net Income Continuous Operations | - | 1.85 | 14.78 | 10.53 | 20.15 |
| Net Income From Continuing And Discontinued Operation | - | 1.85 | 14.78 | 10.53 | 20.15 |
| Net Income From Continuing Operation Net Minority Interest | - | 1.85 | 14.78 | 10.53 | 20.15 |
| Net Income | - | 1.85 | 14.78 | 10.53 | 20.15 |
| Net Income Common Stockholders | - | 1.85 | 14.78 | 10.53 | 20.15 |
| Net Income Including Noncontrolling Interests | - | 1.85 | 14.78 | 10.53 | 20.15 |
| Normalized Income | - | 1.32 | 12.58 | 10.34 | 23.62 |
| Diluted NI Availto Com Stockholders | - | 1.85 | 14.78 | 10.53 | 20.15 |
| Basic Average Shares | - | 6.33 | 5.22 | 5.17 | 5.25 |
| Diluted Average Shares | - | 6.50 | 5.38 | 5.52 | 5.68 |
| Reconciled Depreciation | - | 5.17 | 4.57 | 4 | 3.65 |
| Reconciled Cost Of Revenue | - | 471.60 | 322.74 | 325.51 | 343.13 |
| Total Unusual Items | - | 0.67 | 2.79 | 0.28 | -4.63 |
| Total Unusual Items Excluding Goodwill | - | 0.67 | 2.79 | 0.28 | -4.63 |
| Special Income Charges | - | 0.67 | 2.79 | 0.28 | -4.63 |
| Other Special Charges | 0.01 | - | -2.79 | - | - |
| Write Off | 0 | - | - | - | - |
| Impairment Of Capital Assets | - | - | 0 | 0 | 14.08 |
| Restructuring And Mergern Acquisition | - | 0.73 | 0 | 2.98 | 0 |
| Gain On Sale Of Ppe | - | 1.40 | 0 | 3.26 | 9.45 |
| Other Operating Expenses | - | - | 0.35 | - | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Flexsteel Industries, Inc.this co. | FLXS | $238M | 11.80↑ premium | 1.42 | 12.0% | 8.38 |
| Xponential Fitness, Inc. | XPOF | $269M | -7.96 | -1.00 | 12.6% | 85.72 |
| LiveWire Group, Inc. | LVWR | $266M | -3.54 | 5.78 | -163.2% | -4.02 |
| Hamilton Beach Brands Holding Company | HBB | $265M | 10.01 | 1.45 | 14.5% | 7.33 |
| Escalade, Incorporated | ESCA |
| - |
| - |
| - |
| - |
| - |
| - |
| $253M |
| 18.45 |
| 1.46 |
| 7.9% |
| 10.90 |
| JAKKS Pacific, Inc. | JAKK | $248M | 25.17 | 1.00 | 4.0% | 9.80 |
| The Lovesac Company | LOVE | $242M | 59.45 | 1.10 | 1.9% | 16.16 |
| Jack in the Box Inc. | JACK | $222M | -2.75 | -0.24 | 8.6% | 91.00 |
| Inspired Entertainment, Inc. | INSE | $206M | -12.13 | -12.73 | 104.9% | 5.83 |
| Peer Median | - | 3.63 | 1.05 | 8.3% | 10.35 | |