FLEX vs. OKTA: A Head-to-Head Stock Comparison
Updated onHere’s a clear look at FLEX and OKTA, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.
Company Overview
FLEX’s market capitalization stands at 19.83 billion USD, while OKTA’s is 15.95 billion USD, indicating their market valuations are broadly comparable.
With betas of 1.03 for FLEX and 0.84 for OKTA, both stocks show similar sensitivity to overall market movements.
| Symbol | FLEX | OKTA |
|---|---|---|
| Company Name | Flex Ltd. | Okta, Inc. |
| Country | SG | US |
| Sector | Technology | Technology |
| Industry | Hardware, Equipment & Parts | Software - Infrastructure |
| CEO | Revathi Advaithi | Todd McKinnon |
| Price | 53.06 USD | 95.43 USD |
| Market Cap | 19.83 billion USD | 15.95 billion USD |
| Beta | 1.03 | 0.84 |
| Exchange | NASDAQ | NASDAQ |
| IPO Date | March 18, 1994 | April 7, 2017 |
| ADR | No | No |
Historical Performance
This chart compares the performance of FLEX and OKTA by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.
Data is adjusted for dividends and splits.
Profitability
Return on Equity
FLEX
16.77%
Hardware, Equipment & Parts Industry
- Max
- 38.64%
- Q3
- 17.03%
- Median
- 8.95%
- Q1
- 1.23%
- Min
- -14.34%
FLEX’s Return on Equity of 16.77% is on par with the norm for the Hardware, Equipment & Parts industry, indicating its profitability relative to shareholder equity is typical for the sector.
OKTA
2.05%
Software - Infrastructure Industry
- Max
- 80.61%
- Q3
- 29.97%
- Median
- 2.84%
- Q1
- -8.35%
- Min
- -56.26%
OKTA’s Return on Equity of 2.05% is on par with the norm for the Software - Infrastructure industry, indicating its profitability relative to shareholder equity is typical for the sector.
Return on Invested Capital
FLEX
9.83%
Hardware, Equipment & Parts Industry
- Max
- 17.24%
- Q3
- 9.87%
- Median
- 6.54%
- Q1
- 1.56%
- Min
- -7.50%
FLEX’s Return on Invested Capital of 9.83% is in line with the norm for the Hardware, Equipment & Parts industry, reflecting a standard level of efficiency in generating profits from its capital base.
OKTA
0.15%
Software - Infrastructure Industry
- Max
- 39.31%
- Q3
- 11.97%
- Median
- 1.67%
- Q1
- -7.10%
- Min
- -34.29%
OKTA’s Return on Invested Capital of 0.15% is in line with the norm for the Software - Infrastructure industry, reflecting a standard level of efficiency in generating profits from its capital base.
Net Profit Margin
FLEX
3.25%
Hardware, Equipment & Parts Industry
- Max
- 22.76%
- Q3
- 11.04%
- Median
- 3.80%
- Q1
- 1.13%
- Min
- -8.57%
FLEX’s Net Profit Margin of 3.25% is aligned with the median group of its peers in the Hardware, Equipment & Parts industry. This indicates its ability to convert revenue into profit is typical for the sector.
OKTA
4.85%
Software - Infrastructure Industry
- Max
- 46.46%
- Q3
- 14.65%
- Median
- 2.66%
- Q1
- -7.70%
- Min
- -35.45%
OKTA’s Net Profit Margin of 4.85% is aligned with the median group of its peers in the Software - Infrastructure industry. This indicates its ability to convert revenue into profit is typical for the sector.
Operating Profit Margin
FLEX
4.53%
Hardware, Equipment & Parts Industry
- Max
- 25.25%
- Q3
- 13.73%
- Median
- 8.22%
- Q1
- 4.35%
- Min
- -0.79%
FLEX’s Operating Profit Margin of 4.53% is around the midpoint for the Hardware, Equipment & Parts industry, indicating that its efficiency in managing core business operations is typical for the sector.
OKTA
0.45%
Software - Infrastructure Industry
- Max
- 48.51%
- Q3
- 16.56%
- Median
- 4.48%
- Q1
- -6.43%
- Min
- -40.18%
OKTA’s Operating Profit Margin of 0.45% is around the midpoint for the Software - Infrastructure industry, indicating that its efficiency in managing core business operations is typical for the sector.
Profitability at a Glance
| Symbol | FLEX | OKTA |
|---|---|---|
| Return on Equity (TTM) | 16.77% | 2.05% |
| Return on Assets (TTM) | 4.56% | 1.39% |
| Return on Invested Capital (TTM) | 9.83% | 0.15% |
| Net Profit Margin (TTM) | 3.25% | 4.85% |
| Operating Profit Margin (TTM) | 4.53% | 0.45% |
| Gross Profit Margin (TTM) | 8.36% | 76.69% |
Financial Strength
Current Ratio
FLEX
1.30
Hardware, Equipment & Parts Industry
- Max
- 4.10
- Q3
- 3.23
- Median
- 2.37
- Q1
- 1.81
- Min
- 0.58
FLEX’s Current Ratio of 1.30 falls into the lower quartile for the Hardware, Equipment & Parts industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.
OKTA
1.47
Software - Infrastructure Industry
- Max
- 3.80
- Q3
- 2.25
- Median
- 1.51
- Q1
- 1.10
- Min
- 0.23
OKTA’s Current Ratio of 1.47 aligns with the median group of the Software - Infrastructure industry, indicating that its short-term liquidity is in line with its sector peers.
Debt-to-Equity Ratio
FLEX
0.33
Hardware, Equipment & Parts Industry
- Max
- 1.19
- Q3
- 0.56
- Median
- 0.33
- Q1
- 0.11
- Min
- 0.00
FLEX’s Debt-to-Equity Ratio of 0.33 is typical for the Hardware, Equipment & Parts industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.
OKTA
0.14
Software - Infrastructure Industry
- Max
- 2.56
- Q3
- 1.12
- Median
- 0.33
- Q1
- 0.05
- Min
- 0.00
OKTA’s Debt-to-Equity Ratio of 0.14 is typical for the Software - Infrastructure industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.
Interest Coverage Ratio
FLEX
5.36
Hardware, Equipment & Parts Industry
- Max
- 28.37
- Q3
- 14.25
- Median
- 9.35
- Q1
- 2.86
- Min
- -13.16
FLEX’s Interest Coverage Ratio of 5.36 is positioned comfortably within the norm for the Hardware, Equipment & Parts industry, indicating a standard and healthy capacity to cover its interest payments.
OKTA
6.00
Software - Infrastructure Industry
- Max
- 32.21
- Q3
- 5.24
- Median
- 0.95
- Q1
- -17.99
- Min
- -50.82
OKTA’s Interest Coverage Ratio of 6.00 is in the upper quartile for the Software - Infrastructure industry, signifying a strong and healthy capacity to meet its interest payments from operating profits.
Financial Strength at a Glance
| Symbol | FLEX | OKTA |
|---|---|---|
| Current Ratio (TTM) | 1.30 | 1.47 |
| Quick Ratio (TTM) | 0.79 | 1.47 |
| Debt-to-Equity Ratio (TTM) | 0.33 | 0.14 |
| Debt-to-Asset Ratio (TTM) | 0.09 | 0.10 |
| Net Debt-to-EBITDA Ratio (TTM) | -0.39 | 2.94 |
| Interest Coverage Ratio (TTM) | 5.36 | 6.00 |
Growth
The following charts compare key year-over-year (YoY) growth metrics for FLEX and OKTA. These metrics are based on the companies’ annual financial reports.
Revenue Growth
Earnings Per Share (EPS) Growth
Free Cash Flow Growth
Dividend
Dividend Yield
FLEX
0.00%
Hardware, Equipment & Parts Industry
- Max
- 2.16%
- Q3
- 0.66%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
FLEX currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.
OKTA
0.00%
Software - Infrastructure Industry
- Max
- 4.07%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
OKTA currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.
Dividend Payout Ratio
FLEX
0.00%
Hardware, Equipment & Parts Industry
- Max
- 71.55%
- Q3
- 25.37%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
FLEX has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.
OKTA
0.00%
Software - Infrastructure Industry
- Max
- 48.68%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
OKTA has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.
Dividend at a Glance
| Symbol | FLEX | OKTA |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
Price-to-Earnings Ratio
FLEX
24.63
Hardware, Equipment & Parts Industry
- Max
- 86.58
- Q3
- 53.54
- Median
- 36.07
- Q1
- 25.99
- Min
- 12.16
In the lower quartile for the Hardware, Equipment & Parts industry, FLEX’s P/E Ratio of 24.63 suggests the stock may be undervalued compared to its peers, potentially presenting an attractive entry point for investors.
OKTA
127.86
Software - Infrastructure Industry
- Max
- 107.77
- Q3
- 54.40
- Median
- 28.10
- Q1
- 18.03
- Min
- 5.32
At 127.86, OKTA’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Software - Infrastructure industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.
Forward P/E to Growth Ratio
FLEX
2.89
Hardware, Equipment & Parts Industry
- Max
- 5.22
- Q3
- 3.27
- Median
- 2.16
- Q1
- 1.77
- Min
- 0.00
The Forward PEG Ratio is often not a primary valuation metric in the Hardware, Equipment & Parts industry.
OKTA
18.47
Software - Infrastructure Industry
- Max
- 8.12
- Q3
- 3.94
- Median
- 2.13
- Q1
- 0.94
- Min
- 0.01
OKTA’s Forward PEG Ratio of 18.47 is exceptionally high for the Software - Infrastructure industry. This suggests its stock price is very high relative to its expected earnings growth, signaling significant overvaluation risk.
Price-to-Sales Ratio
FLEX
0.77
Hardware, Equipment & Parts Industry
- Max
- 8.50
- Q3
- 4.95
- Median
- 2.45
- Q1
- 1.17
- Min
- 0.32
In the lower quartile for the Hardware, Equipment & Parts industry, FLEX’s P/S Ratio of 0.77 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.
OKTA
5.95
Software - Infrastructure Industry
- Max
- 18.25
- Q3
- 9.05
- Median
- 4.77
- Q1
- 2.30
- Min
- 0.11
OKTA’s P/S Ratio of 5.95 aligns with the market consensus for the Software - Infrastructure industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.
Price-to-Book Ratio
FLEX
4.13
Hardware, Equipment & Parts Industry
- Max
- 7.53
- Q3
- 4.63
- Median
- 3.34
- Q1
- 2.35
- Min
- 0.48
FLEX’s P/B Ratio of 4.13 is within the conventional range for the Hardware, Equipment & Parts industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.
OKTA
2.53
Software - Infrastructure Industry
- Max
- 19.94
- Q3
- 10.91
- Median
- 6.33
- Q1
- 2.95
- Min
- 0.51
The P/B Ratio is often not a primary valuation metric for the Software - Infrastructure industry.
Valuation at a Glance
| Symbol | FLEX | OKTA |
|---|---|---|
| Price-to-Earnings Ratio (P/E, TTM) | 24.63 | 127.86 |
| Forward PEG Ratio (TTM) | 2.89 | 18.47 |
| Price-to-Sales Ratio (P/S, TTM) | 0.77 | 5.95 |
| Price-to-Book Ratio (P/B, TTM) | 4.13 | 2.53 |
| Price-to-Free Cash Flow Ratio (P/FCF, TTM) | 18.58 | 20.99 |
| EV-to-EBITDA (TTM) | 11.89 | 106.53 |
| EV-to-Sales (TTM) | 0.74 | 6.12 |