Flexsteel Industries, Inc. (FLXS) Stock

Flexsteel Industries, Inc. (FLXS) is a Consumer Discretionary stock trading at $81.08 (as of 2026-08-21), with a market capitalization of $331.78M and a trailing P/E of 19.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Flexsteel Industries, Inc., together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered and wooden furniture for residential and contract markets in the United States. It offers upholstered furniture, such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture. The company distributes its products through e-commerce channels and dealer network. Flexsteel Industries, Inc. was founded in 1893 and is based in Dubuque, Iowa.

Understand Flexsteel Industries, Inc.: how it makes money

Flexsteel Industries makes and sells upholstered and wooden furniture, it sells through e-commerce channels and a dealer network to residential and contract customers.

Flexsteel's profit generation depends on turning incoming demand signals (Sales Orders and Remaining Performance Obligations) into shipped furniture, while managing inventory levels (including Inventory Reduction) and maintaining the right product and pricing mix.

Business quality (Mixed): Flexsteel is a furniture manufacturer and marketer with a latest-quarter operating margin of 7.1% and gross margin of 22.6%, supported by measurable demand and backlog metrics.

Valuation: At 12× earnings, FLXS trades 55% below the Consumer Goods average (26×). Note: one-time items can distort reported P/E.

Bull case

Product acceptance shown by Z-CLiner retailer feedback: Z-CLiner had a 60% retailer repeat orders percentage and 95% of retailers perceived it as a better solution than prior products.
Backlog and demand visibility: Remaining Performance Obligations are tracked at USD_B 0.06, alongside Sales Orders of USD_B 0.1.
Distribution reach: Products are sold through both e-commerce channels and a dealer network for residential and contract markets.

Bear case

Margin pressure risk in a manufacturing business: Latest-quarter operating margin is 7.1%, which leaves less room for cost increases or demand softness.
Inventory management matters: Inventory Reduction is listed as an operating metric (USD_B 0.02), which can indicate the need to control working capital and production levels.
Tariff exposure: Tariff Revenue is tracked (USD_B 0.01), implying tariffs can affect results.

Valuation — source: SEC EDGAR (first-party)
Price	$81.08
Market Cap	$331.78M
P/E Ratio	19.9
EV / EBITDA	10.8
Price / Book	2.49
Price / Sales	0.72
FCF Yield	14.2%
DCF Value (model)	$171.98
DCF Upside vs Price	112.1%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$459.18M
Net Margin	7.2%
Revenue Growth (YoY)	4.1%
EPS Growth (YoY)	68.2%
FCF Growth (YoY)	41.1%

Financial Health — source: SEC EDGAR
Altman Z-Score	5.61 (safe)

Valuation vs Sector & Industry
Stock P/E	19.9
Sector P/E (Consumer Discretionary)	20.7
Industry P/E (Consumer Goods)	22.1
vs Sector	-3.9%
vs Industry	-9.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	DIMENSIONAL FUND ADVISORS LP ($16.06M)
Institutional Holders Tracked	10

Company
Sector	Consumer Discretionary
Industry	Consumer Goods
CEO	Derek Paul Schmidt
Employees	1,500
Country	US
IPO Date	1980-03-17

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Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.