Flexsteel Industries Inc
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 ou… Read more
Flexsteel Industries Inc (FLXS) - Net Assets
Latest net assets as of December 2025: $178.87 Million USD
Based on the latest financial reports, Flexsteel Industries Inc (FLXS) has net assets worth $178.87 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($290.19 Million) and total liabilities ($111.33 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $178.87 Million |
| % of Total Assets | 61.64% |
| Annual Growth Rate | 2.97% |
| 5-Year Change | -0.06% |
| 10-Year Change | -19.93% |
| Growth Volatility | 7.36 |
Flexsteel Industries Inc - Net Assets Trend (1986–2025)
This chart illustrates how Flexsteel Industries Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Flexsteel Industries Inc (1986–2025)
The table below shows the annual net assets of Flexsteel Industries Inc from 1986 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $167.86 Million | +11.63% |
| 2024-06-30 | $150.37 Million | +6.18% |
| 2023-06-30 | $141.62 Million | +7.65% |
| 2022-06-30 | $131.56 Million | -21.68% |
| 2021-06-30 | $167.97 Million | -4.29% |
| 2020-06-30 | $175.50 Million | -14.57% |
| 2019-06-30 | $205.43 Million | -15.01% |
| 2018-06-30 | $241.70 Million | +4.74% |
| 2017-06-30 | $230.76 Million | +10.07% |
| 2016-06-30 | $209.65 Million | +12.26% |
| 2015-06-30 | $186.75 Million | +12.00% |
| 2014-06-30 | $166.74 Million | +10.25% |
| 2013-06-30 | $151.24 Million | +8.46% |
| 2012-06-30 | $139.44 Million | +8.45% |
| 2011-06-30 | $128.57 Million | +9.32% |
| 2010-06-30 | $117.61 Million | +9.92% |
| 2009-06-30 | $107.00 Million | -5.10% |
| 2008-06-30 | $112.75 Million | +0.07% |
| 2007-06-30 | $112.68 Million | +4.82% |
| 2006-06-30 | $107.50 Million | +2.58% |
| 2005-06-30 | $104.80 Million | +3.14% |
| 2004-06-30 | $101.61 Million | +8.38% |
| 2003-06-30 | $93.75 Million | +6.88% |
| 2002-06-30 | $87.72 Million | +3.12% |
| 2001-06-30 | $85.06 Million | -0.16% |
| 2000-06-30 | $85.20 Million | +4.92% |
| 1999-06-30 | $81.20 Million | +3.97% |
| 1998-06-30 | $78.10 Million | +3.86% |
| 1997-06-30 | $75.20 Million | +1.48% |
| 1996-06-30 | $74.10 Million | +0.41% |
| 1995-06-30 | $73.80 Million | +3.51% |
| 1994-06-30 | $71.30 Million | +5.01% |
| 1993-06-30 | $67.90 Million | +5.11% |
| 1992-06-30 | $64.60 Million | -2.12% |
| 1991-06-30 | $66.00 Million | -3.93% |
| 1990-06-30 | $68.70 Million | +4.25% |
| 1989-06-30 | $65.90 Million | +4.60% |
| 1988-06-30 | $63.00 Million | +8.62% |
| 1987-06-30 | $58.00 Million | +8.21% |
| 1986-06-30 | $53.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Flexsteel Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 294.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $190.44 Million | 113.45% |
| Common Stock | $8.51 Million | 5.07% |
| Total Equity | $167.86 Million | 100.00% |
Flexsteel Industries Inc Competitors by Market Cap
The table below lists competitors of Flexsteel Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SENORES PHARMACEUTICALS L
NSE:SENORES
|
$159.44 Million |
|
Duksan Hi Metal Co.Ltd
KQ:077360
|
$159.57 Million |
|
Zeng Hsing Industrial Co Ltd
TW:1558
|
$159.60 Million |
|
Inmobiliaria del Sur SA
MC:ISUR
|
$159.62 Million |
|
Guangdong Greenway Technology Co Ltd
SHG:688345
|
$159.29 Million |
|
AUPU Home Style Corp Ltd
SHG:603551
|
$159.28 Million |
|
Aeluma, Inc
NASDAQ:ALMU
|
$159.25 Million |
|
NMPGY
PINK:NMPGY
|
$159.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flexsteel Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 150,367,000 to 167,862,000, a change of 17,495,000 (11.6%).
- Net income of 20,154,000 contributed positively to equity growth.
- Dividend payments of 3,556,000 reduced retained earnings.
- Share repurchases of 2,833,000 reduced equity.
- New share issuances of 141,000 increased equity.
- Other factors increased equity by 3,589,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $20.15 Million | +12.01% |
| Dividends Paid | $3.56 Million | -2.12% |
| Share Repurchases | $2.83 Million | -1.69% |
| Share Issuances | $141.00K | +0.08% |
| Other Changes | $3.59 Million | +2.14% |
| Total Change | $- | 11.63% |
Book Value vs Market Value Analysis
This analysis compares Flexsteel Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.54x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.10x to 1.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-06-30 | $7.48 | $45.64 | x |
| 1987-06-30 | $8.05 | $45.64 | x |
| 1988-06-30 | $8.71 | $45.64 | x |
| 1989-06-30 | $9.23 | $45.64 | x |
| 1990-06-30 | $9.66 | $45.64 | x |
| 1991-06-30 | $9.38 | $45.64 | x |
| 1992-06-30 | $9.12 | $45.64 | x |
| 1993-06-30 | $9.53 | $45.64 | x |
| 1994-06-30 | $9.86 | $45.64 | x |
| 1995-06-30 | $10.24 | $45.64 | x |
| 1996-06-30 | $10.37 | $45.64 | x |
| 1997-06-30 | $10.78 | $45.64 | x |
| 1998-06-30 | $11.10 | $45.64 | x |
| 1999-06-30 | $11.85 | $45.64 | x |
| 2000-06-30 | $12.98 | $45.64 | x |
| 2001-06-30 | $13.78 | $45.64 | x |
| 2002-06-30 | $14.24 | $45.64 | x |
| 2003-06-30 | $14.72 | $45.64 | x |
| 2004-06-30 | $15.56 | $45.64 | x |
| 2005-06-30 | $15.88 | $45.64 | x |
| 2006-06-30 | $16.34 | $45.64 | x |
| 2007-06-30 | $17.12 | $45.64 | x |
| 2008-06-30 | $17.05 | $45.64 | x |
| 2009-06-30 | $16.27 | $45.64 | x |
| 2010-06-30 | $17.56 | $45.64 | x |
| 2011-06-30 | $18.56 | $45.64 | x |
| 2012-06-30 | $19.90 | $45.64 | x |
| 2013-06-30 | $20.64 | $45.64 | x |
| 2014-06-30 | $22.20 | $45.64 | x |
| 2015-06-30 | $24.23 | $45.64 | x |
| 2016-06-30 | $27.00 | $45.64 | x |
| 2017-06-30 | $29.26 | $45.64 | x |
| 2018-06-30 | $30.52 | $45.64 | x |
| 2019-06-30 | $26.04 | $45.64 | x |
| 2020-06-30 | $22.06 | $45.64 | x |
| 2021-06-30 | $22.49 | $45.64 | x |
| 2022-06-30 | $20.23 | $45.64 | x |
| 2023-06-30 | $26.30 | $45.64 | x |
| 2024-06-30 | $27.25 | $45.64 | x |
| 2025-06-30 | $29.56 | $45.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flexsteel Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.01%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.57%
- • Asset Turnover: 1.56x
- • Equity Multiplier: 1.68x
- Recent ROE (12.01%) is above the historical average (7.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 9.89% | 3.82% | 1.87x | 1.38x | $-60.00K |
| 1987 | 11.55% | 4.28% | 2.02x | 1.34x | $900.00K |
| 1988 | 14.13% | 5.38% | 2.05x | 1.28x | $2.60 Million |
| 1989 | 10.62% | 4.06% | 2.13x | 1.23x | $410.00K |
| 1990 | 9.32% | 3.69% | 2.09x | 1.21x | $-470.00K |
| 1991 | 2.88% | 1.30% | 1.79x | 1.23x | $-4.70 Million |
| 1992 | 2.63% | 1.08% | 1.93x | 1.27x | $-4.76 Million |
| 1993 | 9.13% | 3.50% | 2.02x | 1.29x | $-590.00K |
| 1994 | 9.54% | 3.48% | 2.05x | 1.33x | $-330.00K |
| 1995 | 7.05% | 2.50% | 2.16x | 1.30x | $-2.18 Million |
| 1996 | 6.07% | 2.20% | 2.14x | 1.29x | $-2.91 Million |
| 1997 | 7.98% | 2.73% | 2.21x | 1.32x | $-1.52 Million |
| 1998 | 9.73% | 3.22% | 2.26x | 1.34x | $-210.00K |
| 1999 | 12.68% | 3.95% | 2.31x | 1.39x | $2.18 Million |
| 2000 | 14.00% | 3.97% | 2.61x | 1.35x | $3.41 Million |
| 2001 | 5.40% | 1.61% | 2.58x | 1.30x | $-3.91 Million |
| 2002 | 6.45% | 2.02% | 2.35x | 1.36x | $-3.11 Million |
| 2003 | 8.84% | 2.84% | 2.42x | 1.29x | $-1.08 Million |
| 2004 | 9.97% | 2.52% | 2.37x | 1.67x | $-30.92K |
| 2005 | 5.77% | 1.47% | 2.46x | 1.59x | $-4.44 Million |
| 2006 | 4.39% | 1.11% | 2.33x | 1.71x | $-6.03 Million |
| 2007 | 8.28% | 2.19% | 2.30x | 1.64x | $-1.93 Million |
| 2008 | 3.76% | 1.04% | 2.25x | 1.60x | $-7.04 Million |
| 2009 | -1.41% | -0.47% | 2.15x | 1.41x | $-12.21 Million |
| 2010 | 9.18% | 3.31% | 2.07x | 1.34x | $-960.20K |
| 2011 | 8.10% | 3.07% | 2.06x | 1.28x | $-2.44 Million |
| 2012 | 9.37% | 3.71% | 1.94x | 1.30x | $-876.20K |
| 2013 | 8.70% | 3.41% | 2.01x | 1.27x | $-1.97 Million |
| 2014 | 8.99% | 3.42% | 2.09x | 1.26x | $-1.68 Million |
| 2015 | 11.94% | 4.78% | 1.91x | 1.31x | $3.62 Million |
| 2016 | 11.56% | 4.85% | 2.03x | 1.18x | $3.27 Million |
| 2017 | 10.31% | 5.07% | 1.74x | 1.17x | $710.00K |
| 2018 | 7.31% | 3.61% | 1.72x | 1.18x | $-6.50 Million |
| 2019 | -15.87% | -7.35% | 1.74x | 1.24x | $-53.15 Million |
| 2020 | -15.30% | -7.32% | 1.55x | 1.35x | $-44.39 Million |
| 2021 | 13.72% | 4.81% | 1.61x | 1.77x | $6.25 Million |
| 2022 | 1.41% | 0.34% | 2.03x | 2.04x | $-11.30 Million |
| 2023 | 10.43% | 3.75% | 1.35x | 2.05x | $615.90K |
| 2024 | 7.00% | 2.55% | 1.50x | 1.83x | $-4.51 Million |
| 2025 | 12.01% | 4.57% | 1.56x | 1.68x | $3.37 Million |
Industry Comparison
This section compares Flexsteel Industries Inc's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $264,634,611
- Average return on equity (ROE) among peers: -5.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Flexsteel Industries Inc (FLXS) | $178.87 Million | 9.89% | 0.62x | $159.33 Million |
| American Woodmark Corporation (AMWD) | $581.66 Million | 10.86% | 1.83x | $572.47 Million |
| Aterian Inc (ATER) | $224.23 Million | -105.26% | 0.40x | $3.15 Million |
| Applied UV, Inc. (AUVIQ) | $-1.42 Million | 0.00% | 0.00x | $467.00 |
| Bassett Furniture Industries (BSET) | $298.90 Million | 7.66% | 0.16x | $108.92 Million |
| Breville Group Limited (BVILF) | $150.22 Million | 15.03% | 0.59x | $2.02 Billion |
| Traeger Inc (COOK) | $291.35 Million | -28.97% | 1.95x | $117.97 Million |
| Crown Crafts Inc (CRWS) | $31.39 Million | 13.72% | 0.46x | $25.18 Million |
| Deer Consumer Prodct (DEER) | $-17.75K | 0.00% | 0.00x | $0.93 |
| De'Longhi S.p.A (DELHF) | $1.07 Billion | 17.33% | 0.99x | $1.30 Billion |
| Dyna Group International Inc (DGIX) | $4.10 Million | 13.94% | 0.59x | $7.42K |