Flexible Solutions International, Inc. (FSI) Key Metrics
FSI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $77.3M
- Enterprise value
- $76.1M
- P/E (TTM)
- — 10-yr median 11.2
- Forward P/E
- 8.9
- PEG ratio
- 7.67
- Price / sales
- 2.2 10-yr median 1.1
- Price / book
- 2.0 10-yr median 1.3
- EV / EBITDA
- 300.4 10-yr median 5.4
- Dividend yield
- —
- Beta
- 1.75
FSI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFSI valuation Price multiples at each fiscal year-end price.
FSI returns How much profit the business earns on the capital it uses.
FSI per-share figures Results divided by the shares outstanding at year-end.
FSI financial health Debt, liquidity and how easily interest is covered.
FSI efficiency & capital use Working capital cycle and where the cash goes.
FSI valuation history
FSI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FSI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FSI cash returned to shareholders
FSI price vs earnings per share
FSI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $91.4M | $45.8M | $23.9M | $38.6M | $48.6M | $30.6M | $31.1M | $16.0M | $21.3M | $15.5M |
| Enterprise value | $94.2M | $46.6M | $26.2M | $41.0M | $46.8M | $32.6M | $35.5M | $16.2M | $15.0M | $13.8M |
| P/E ratio | 116.2 | 15.1 | 8.6 | 5.5 | 14.1 | 10.3 | 16.2 | 6.4 | 12.2 | 8.6 |
| Price / sales | 2.4 | 1.2 | 0.6 | 0.8 | 1.4 | 1.0 | 1.1 | 0.9 | 1.4 | 1.0 |
| Price / book | 2.3 | 1.2 | 0.7 | 1.2 | 1.9 | 1.4 | 1.7 | 0.9 | 1.4 | 1.2 |
| Price / free cash flow | — | 75.8 | 11.9 | — | 13.0 | 6.6 | 57.7 | — | 34.6 | 9.3 |
| Price / operating cash flow | 24.2 | 8.2 | 3.4 | 26.2 | 10.7 | 5.4 | 13.1 | — | 20.5 | 8.7 |
| EV / sales | 2.4 | 1.2 | 0.7 | 0.9 | 1.4 | 1.0 | 1.3 | 0.9 | 1.0 | 0.8 |
| EV / EBITDA | 16.1 | 6.2 | 4.5 | 4.3 | 5.8 | 4.9 | 9.7 | 4.7 | 7.5 | 3.6 |
| EV / free cash flow | — | 77.1 | 13.1 | — | 12.5 | 7.0 | 65.9 | — | 24.4 | 8.3 |
| Earnings yield | 0.9% | 6.6% | 11.6% | 18.2% | 7.1% | 9.7% | 6.2% | 15.6% | 8.2% | 11.6% |
| Free cash flow yield | −0.6% | 1.3% | 8.4% | −1.3% | 7.7% | 15.1% | 1.7% | −14.7% | 2.9% | 10.7% |
| Dividend yield | 1.4% | 2.7% | 2.6% | 0.0% | — | 0.0% | 7.7% | 1.4% | 1.4% | 1.9% |
| Shareholder yield (dividends + buybacks) | 1.4% | 2.7% | 2.6% | 0.0% | 0.0% | 0.0% | 7.7% | 1.4% | 1.4% | 12.1% |
| Share price at fiscal year-end | $6.72 | $3.61 | $1.91 | $3.10 | $3.89 | $2.49 | $2.57 | $1.35 | $1.82 | $1.33 |
| Per share | ||||||||||
| Revenue per share | $2.83 | $3.02 | $3.07 | $3.68 | $2.75 | $2.55 | $2.27 | $1.51 | $1.32 | $1.40 |
| Earnings per share | $0.06 | $0.24 | $0.22 | $0.56 | $0.28 | $0.24 | $0.16 | $0.21 | $0.15 | $0.15 |
| Operating cash flow per share | $0.28 | $0.44 | $0.56 | $0.12 | $0.36 | $0.46 | $0.20 | −$0.19 | $0.09 | $0.15 |
| Free cash flow per share | −$0.04 | $0.05 | $0.16 | −$0.04 | $0.30 | $0.38 | $0.04 | −$0.20 | $0.05 | $0.14 |
| Cash per share | $0.59 | $0.79 | $0.62 | $0.55 | $0.54 | $0.36 | $0.30 | $0.67 | $0.59 | $0.21 |
| Book value per share | $2.86 | $3.00 | $2.82 | $2.62 | $2.01 | $1.72 | $1.48 | $1.44 | $1.27 | $1.07 |
| Tangible book value per share | $2.53 | $2.63 | $2.43 | $2.22 | $1.60 | $1.29 | $1.02 | $0.96 | $1.27 | $1.06 |
| Dividends per share | $0.09 | $0.10 | $0.05 | $0.00 | — | $0.00 | $0.20 | $0.02 | $0.03 | $0.03 |
| Capex per share | $0.32 | $0.39 | $0.40 | $0.16 | $0.06 | $0.09 | $0.15 | $0.02 | $0.04 | $0.01 |
| Debt per share | $0.80 | $0.85 | $0.80 | $0.73 | $0.39 | $0.52 | $0.67 | $0.69 | $0.05 | $0.07 |
| Shares outstanding | 13.6M | 12.7M | 12.5M | 12.5M | 12.5M | 12.3M | 12.1M | 11.8M | 11.7M | 11.6M |
| Change in shares outstanding | +7.2% | +1.5% | +0.2% | −0.3% | +1.6% | +1.8% | +2.3% | +0.8% | +0.8% | −12.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 2.0% | 8.3% | 8.2% | 24.3% | 14.9% | 15.2% | 10.9% | 15.6% | 12.8% | 14.6% |
| Return on invested capital (ROIC) | 6.4% | 12.0% | 8.3% | 23.8% | 15.3% | 12.5% | 9.5% | 8.0% | 8.0% | 16.9% |
| Return on assets (ROA) | 1.3% | 5.3% | 5.2% | 15.4% | 9.2% | 8.8% | 6.0% | 10.2% | 10.7% | 12.2% |
| Return on tangible assets | 1.4% | 5.5% | 5.5% | 15.1% | 10.0% | 10.0% | 7.1% | 9.8% | 9.9% | 11.9% |
| Free cash flow margin | −1.5% | 1.6% | 5.2% | −1.1% | 10.9% | 14.8% | 2.0% | −13.1% | 4.0% | 10.2% |
| Income quality (OCF / net income) | 4.81 | 1.83 | 2.52 | 0.21 | 1.32 | 1.92 | 1.24 | −0.90 | 0.59 | 0.99 |
| Financial health | ||||||||||
| Total debt | $10.8M | $10.8M | $10.0M | $9.1M | $4.9M | $6.4M | $8.1M | $8.1M | $602,089 | $803,282 |
| Cash & short-term investments | $8.0M | $10.0M | $7.7M | $6.8M | $6.7M | $4.5M | $3.6M | $7.9M | $6.9M | $2.5M |
| Net debt | $2.8M | $780,036 | $2.3M | $2.3M | −$1.9M | $2.0M | $4.4M | $291,938 | −$6.3M | −$1.7M |
| Debt / equity | 0.28 | 0.28 | 0.29 | 0.28 | 0.19 | 0.30 | 0.45 | 0.48 | 0.04 | 0.06 |
| Debt / assets | 0.17 | 0.18 | 0.18 | 0.18 | 0.12 | 0.18 | 0.25 | 0.26 | 0.03 | 0.05 |
| Net debt / EBITDA | 0.48 | 0.10 | 0.40 | 0.25 | −0.23 | 0.30 | 1.21 | 0.08 | −3.14 | −0.44 |
| Current ratio | 3.06 | 2.91 | 3.01 | 3.01 | 2.42 | 2.41 | 2.58 | 3.47 | 5.17 | 4.05 |
| Quick ratio | 2.08 | 2.00 | 1.90 | 1.61 | 1.46 | 1.35 | 1.23 | 2.04 | 3.43 | 2.44 |
| Interest coverage | 5.8 | 9.0 | 6.0 | 24.1 | 27.4 | 15.8 | 4.5 | 14.0 | 34.3 | 74.0 |
| Working capital | $22.2M | $22.7M | $20.2M | $20.7M | $14.0M | $11.1M | $10.7M | $15.1M | $11.3M | $7.2M |
| Invested capital | $41.7M | $38.8M | $37.5M | $35.0M | $23.3M | $23.2M | $22.3M | $17.4M | $8.6M | $10.8M |
| Tangible asset value | $38.3M | $36.7M | $33.5M | $30.3M | $22.6M | $18.4M | $14.9M | $13.8M | $14.8M | $12.4M |
| Net current asset value | $13.9M | $16.0M | $13.0M | $14.6M | $12.0M | $7.7M | $5.6M | $9.5M | $11.1M | $6.8M |
| Graham number | $1.93 | $4.02 | $3.75 | $5.76 | $3.53 | $3.06 | $2.30 | $2.62 | $2.07 | $1.93 |
| Graham net-net per share | $0.28 | $0.45 | $0.28 | $0.38 | $0.40 | $0.14 | −$0.03 | $0.33 | $0.68 | $0.34 |
| Capital allocation | ||||||||||
| Dividends paid | $1.3M | $1.3M | $626,777 | $0 | — | $0 | $2.4M | $229,135 | $299,135 | $299,135 |
| Share buybacks (net) | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.6M |
| Dividend payout ratio | 162.0% | 41.3% | 22.6% | 0.0% | — | 0.0% | 125.4% | 9.2% | 17.0% | 16.7% |
| Dividends + buybacks / free cash flow | — | 207.9% | 31.3% | — | 0.0% | 0.0% | 445.2% | — | 48.6% | 112.8% |
| Capex / revenue | 11.4% | 13.0% | 13.0% | 4.3% | 2.3% | 3.4% | 6.7% | 1.0% | 2.8% | 0.7% |
| Capex / operating cash flow | 115.6% | 89.2% | 71.4% | 134.2% | 17.2% | 18.8% | 77.3% | — | 40.9% | 6.4% |
| Capex / depreciation | 2.23 | 2.54 | 2.87 | 1.49 | 0.64 | 0.91 | 2.95 | 0.53 | 1.49 | 0.21 |
| Stock-based compensation / revenue | 1.4% | 1.8% | 1.0% | 0.9% | 0.6% | 0.5% | 0.9% | 0.6% | 0.7% | 0.4% |
| R&D / revenue | 6.5% | 0.9% | 0.4% | 0.2% | 0.3% | 0.3% | 0.5% | 0.8% | 0.6% | 0.6% |
| SG&A / revenue | 12.2% | 15.3% | 14.7% | 12.2% | 14.7% | 15.5% | 18.4% | 22.4% | 27.5% | 23.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 115.2 | 102.8 | 91.9 | 66.0 | 69.0 | 60.2 | 59.1 | 66.8 | 60.2 | 55.8 |
| Days of inventory on hand | 131.2 | 160.8 | 166.6 | 136.5 | 141.7 | 148.0 | 173.7 | 200.8 | 162.6 | 139.2 |
| Days payables outstanding | 26.1 | 29.5 | 18.6 | 12.3 | 14.6 | 10.1 | 14.5 | 26.9 | 35.3 | 34.1 |
| Cash conversion cycle (days) | 220.3 | 234.2 | 239.9 | 190.2 | 196.1 | 198.2 | 218.3 | 240.7 | 187.5 | 160.9 |
| Receivables turnover | 3.17 | 3.55 | 3.97 | 5.53 | 5.29 | 6.06 | 6.17 | 5.46 | 6.06 | 6.55 |
| Payables turnover | 13.96 | 12.39 | 19.58 | 29.64 | 25.00 | 36.24 | 25.14 | 13.55 | 10.33 | 10.71 |
| Inventory turnover | 2.78 | 2.27 | 2.19 | 2.67 | 2.58 | 2.47 | 2.10 | 1.82 | 2.24 | 2.62 |
| Asset turnover | 0.63 | 0.66 | 0.72 | 1.01 | 0.92 | 0.93 | 0.86 | 0.73 | 0.94 | 1.11 |
| Average receivables | $12.2M | $10.8M | $9.6M | $8.3M | $6.5M | $5.2M | $4.4M | $3.3M | $2.6M | $2.5M |
| Average payables | $2.1M | $2.0M | $1.4M | $1.1M | $920,796 | $597,182 | $748,529 | $899,957 | $920,576 | $864,176 |
| Average inventory | $10.7M | $11.0M | $12.8M | $12.0M | $8.9M | $8.8M | $9.0M | $6.7M | $4.2M | $3.5M |
| Intangibles / total assets | 7.3% | 7.8% | 8.7% | 9.6% | 13.0% | 15.2% | 17.1% | 18.4% | 0.4% | 0.6% |
Computed from FSI's annual financial statements (latest annual report filed April 15, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FSI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Flexible Solutions International traded at 116.2 times earnings, against a 10-year median of 11.2. Flexible Solutions International earned a return on equity of 2.0% and a return on invested capital of 6.4% in fiscal 2025. It ended the year with $10.8 million of debt and $8.0 million in cash and short-term investments, net debt of $2.8 million. It returned $1.3 million to shareholders: $1.3 million in dividends and $0 in share buybacks. The share count rose 16.8% from 11.6M to 13.6M over 9 years.
See the FSI income statement, the FSI chart for price history, or the FSI stock overview for the latest quote and news.
FSI key metrics FAQ
What is Flexible Solutions International's P/E ratio?
Flexible Solutions International traded at 116.2 times earnings at the end of fiscal 2025.
What is Flexible Solutions International's EV/EBITDA?
Flexible Solutions International's enterprise value was 16.1 times EBITDA at the end of fiscal 2025 (enterprise value $94.2 million, EBITDA $5.8 million); the current EV/EBITDA is 300.4.
What is Flexible Solutions International's return on equity?
Flexible Solutions International's return on equity (ROE) was 2.0% in fiscal 2025: net income of $0.8 million on average shareholders' equity of $38.5 million.
What is Flexible Solutions International's ROIC?
Flexible Solutions International's return on invested capital was 6.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Flexible Solutions International have?
Flexible Solutions International had total debt of $10.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.28 and $2.8 million of net debt (0.48 times EBITDA).
What is Flexible Solutions International's dividend yield?
Flexible Solutions International paid $1.3 million in dividends in fiscal 2025 ($0.09 per share), a payout ratio of 162.0%.
What is Flexible Solutions International's free cash flow yield?
Flexible Solutions International generated -$0.6 million of free cash flow in fiscal 2025, a free cash flow yield of −0.6% on its market value at year-end ($91.4 million).
What is Flexible Solutions International's current ratio?
Flexible Solutions International's current ratio was 3.06 at the end of fiscal 2025: current assets were 3.06 times current liabilities.