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Flex Ltd. (FLEX) vs. Okta (OKTA)

This page compares Flex Ltd. (FLEX) with Okta (OKTA) using historical performance, profitability, financial strength, growth, dividend, and valuation metrics.

Company Profile

Flex Ltd. (FLEX) and Okta (OKTA) share the Information Technology sector but sit in different industry groups — FLEX in Technology Hardware & Equipment and OKTA in Software & Services.

SymbolFLEXOKTA
Company NameFlex Ltd.Okta, Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupTechnology Hardware & EquipmentSoftware & Services
GICS IndustryElectronic Equipment, Instruments & ComponentsIT Services
GICS Sub-IndustryElectronic Manufacturing ServicesInternet Services & Infrastructure
Market Capitalization48.02 billion USD15.68 billion USD
CurrencyUSDUSD
ExchangeNasdaqGSNasdaqGS
Listing DateMarch 18, 1994April 7, 2017
Security TypeCommon StockCommon Stock

Historical Performance

Flex Ltd. (FLEX) has an aggressive beta of 1.55, indicating higher sensitivity to broad-market moves, while Okta (OKTA) is defensive at 0.60 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

FLEX
OKTA
Loading price history…
Flex Ltd. (FLEX) vs. Okta (OKTA): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Historical Performance at a Glance

SymbolFLEXOKTA
5-Day Price Return-4.93%8.06%
13-Week Price Return101.31%9.34%
26-Week Price Return120.17%6.78%
52-Week Price Return218.29%-26.72%
Month-to-Date Return43.17%21.44%
Year-to-Date Return116.93%3.43%
10-Day Avg. Volume7.06M2.86M
3-Month Avg. Volume4.38M3.45M
3-Month Volatility94.30%60.51%
Beta1.550.60

Profitability

Return on Equity (TTM)

Both Flex Ltd. (FLEX) at 16.77% and Okta (OKTA) at 3.45% post Return on Equity (TTM) near their industry mid-ranges, so neither company stands out strongly from peers on this measure.

FLEX

Technology Hardware & Equipment industry group

16.77%

Max
42.37%
Q3
19.29%
Median
10.72%
Q1
2.35%
Min
-22.20%

OKTA

Software & Services industry group

3.45%

Max
62.31%
Q3
20.29%
Median
7.31%
Q1
-8.50%
Min
-50.67%
Flex Ltd. (FLEX) vs. Okta (OKTA): A comparison of their Return on Equity (TTM) against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Net Profit Margin (TTM)

Both Flex Ltd. (FLEX) at 3.15% and Okta (OKTA) at 8.05% post Net Profit Margin (TTM) near their industry mid-ranges, so neither company stands out strongly from peers on net profitability.

FLEX

Technology Hardware & Equipment industry group

3.15%

Max
21.96%
Q3
11.10%
Median
4.46%
Q1
0.81%
Min
-14.09%

OKTA

Software & Services industry group

8.05%

Max
44.20%
Q3
16.48%
Median
8.18%
Q1
-3.67%
Min
-28.43%
Flex Ltd. (FLEX) vs. Okta (OKTA): A comparison of their Net Profit Margin (TTM) against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Operating Profit Margin (TTM)

Both Flex Ltd. (FLEX) at 4.90% and Okta (OKTA) at 5.10% post Operating Profit Margin (TTM) near their industry mid-ranges, so neither company stands out strongly from peers on operating profitability.

FLEX

Technology Hardware & Equipment industry group

4.90%

Max
32.64%
Q3
14.87%
Median
5.34%
Q1
1.80%
Min
-13.71%

OKTA

Software & Services industry group

5.10%

Max
46.75%
Q3
17.04%
Median
6.53%
Q1
-4.60%
Min
-34.31%
Flex Ltd. (FLEX) vs. Okta (OKTA): A comparison of their Operating Profit Margin (TTM) against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Profitability at a Glance

SymbolFLEXOKTA
Return on Equity (TTM)16.77%3.45%
Return on Assets (TTM)4.59%2.48%
Net Profit Margin (TTM)3.15%8.05%
Operating Profit Margin (TTM)4.90%5.10%
Gross Profit Margin (TTM)9.41%77.36%

Financial Strength

Current Ratio (MRQ)

Okta (OKTA) at 1.43 keeps Current Ratio (MRQ) within its industry mid-range, while Flex Ltd. (FLEX) at 1.30 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for FLEX.

FLEX

Technology Hardware & Equipment industry group

1.30

Max
5.80
Q3
3.12
Median
1.99
Q1
1.31
Min
0.01

OKTA

Software & Services industry group

1.43

Max
4.52
Q3
2.50
Median
1.64
Q1
1.13
Min
0.31
Flex Ltd. (FLEX) vs. Okta (OKTA): A comparison of their Current Ratio (MRQ) against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Debt-to-Equity Ratio (MRQ)

Both Flex Ltd. (FLEX) at 0.74 and Okta (OKTA) at 0.05 post Debt-to-Equity Ratio (MRQ) near their industry mid-ranges, so neither company stands out strongly from peers on leverage.

FLEX

Technology Hardware & Equipment industry group

0.74

Max
2.21
Q3
0.89
Median
0.37
Q1
0.00
Min
0.00

OKTA

Software & Services industry group

0.05

Max
2.69
Q3
1.27
Median
0.38
Q1
0.00
Min
0.00
Flex Ltd. (FLEX) vs. Okta (OKTA): A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Interest Coverage Ratio (TTM)

Okta (OKTA) reports a problematic Interest Coverage Ratio (TTM) of -9.31; operating income or EBIT does not fully cover interest expense, so the ratio points to interest-payment strain. Meanwhile Flex Ltd. (FLEX) reports 6.86, ranking against industry peers normally.

FLEX

Technology Hardware & Equipment industry group

6.86

Max
34.79
Q3
17.83
Median
5.62
Q1
-0.32
Min
-23.93

OKTA

Software & Services industry group

-9.31

Max
45.58
Q3
11.44
Median
-0.40
Q1
-13.69
Min
-51.04
Flex Ltd. (FLEX) vs. Okta (OKTA): A comparison of their Interest Coverage Ratio (TTM) against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Financial Strength at a Glance

SymbolFLEXOKTA
Current Ratio (MRQ)1.301.43
Quick Ratio (MRQ)0.791.35
Debt-to-Equity Ratio (MRQ)0.740.05
Interest Coverage Ratio (TTM)6.86-9.31

Growth

Revenue Growth

Flex Ltd. (FLEX) vs. Okta (OKTA): A comparison of their Revenue Growth across different time periods.

Revenue Growth at a Glance

SymbolFLEXOKTA
Revenue Growth (MRQ vs Prior YoY)16.86%11.58%
Revenue Growth (TTM vs Prior YoY)8.14%11.84%
3-Year Revenue CAGR-2.75%16.25%
5-Year Revenue CAGR2.96%28.43%

EPS Growth

Flex Ltd. (FLEX) vs. Okta (OKTA): A comparison of their EPS Growth across different time periods.

EPS Growth at a Glance

SymbolFLEXOKTA
EPS Growth (MRQ vs Prior YoY)17.12%192.36%
EPS Growth (TTM vs Prior YoY)10.43%889.61%
3-Year EPS CAGR10.69%--
5-Year EPS CAGR13.95%--

Dividend

Dividend Yield (TTM)

Neither Flex Ltd. (FLEX) nor Okta (OKTA) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FLEX

Technology Hardware & Equipment industry group

0.00%

Max
1.43%
Q3
0.62%
Median
0.00%
Q1
0.00%
Min
0.00%

OKTA

Software & Services industry group

0.00%

Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Flex Ltd. (FLEX) vs. Okta (OKTA): A comparison of their Dividend Yield (TTM) against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Dividend Payout Ratio (TTM)

Neither Flex Ltd. (FLEX) nor Okta (OKTA) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FLEX

Technology Hardware & Equipment industry group

0.00%

Max
43.52%
Q3
18.99%
Median
0.00%
Q1
0.00%
Min
0.00%

OKTA

Software & Services industry group

0.00%

Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Flex Ltd. (FLEX) vs. Okta (OKTA): A comparison of their Dividend Payout Ratio (TTM) against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Dividend at a Glance

SymbolFLEXOKTA
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

Price-to-Earnings Ratio (TTM)

Flex Ltd. (FLEX) at 54.82 carries typical industry Price-to-Earnings Ratio (TTM), while Okta (OKTA) at 66.74 sits in the higher-multiple quartile — OKTA carries a higher trailing earnings multiple relative to peers.

FLEX

Technology Hardware & Equipment industry group

54.82

Max
101.86
Q3
67.17
Median
38.87
Q1
20.12
Min
0.99

OKTA

Software & Services industry group

66.74

Max
102.57
Q3
62.64
Median
31.77
Q1
14.20
Min
0.35
Flex Ltd. (FLEX) vs. Okta (OKTA): A comparison of their Price-to-Earnings Ratio (TTM) against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Price-to-Sales Ratio (TTM)

Both Flex Ltd. (FLEX) at 1.73 and Okta (OKTA) at 5.37 post Price-to-Sales Ratio (TTM) near the typical industry midpoint — neither company stands out strongly from peers on trailing revenue multiple.

FLEX

Technology Hardware & Equipment industry group

1.73

Max
13.34
Q3
6.71
Median
3.18
Q1
1.24
Min
0.04

OKTA

Software & Services industry group

5.37

Max
17.61
Q3
8.53
Median
4.13
Q1
2.23
Min
0.12
Flex Ltd. (FLEX) vs. Okta (OKTA): A comparison of their Price-to-Sales Ratio (TTM) against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Price-to-Book Ratio (MRQ)

Okta (OKTA) at 2.23 trades in the lower-multiple quartile for Price-to-Book Ratio (MRQ), while Flex Ltd. (FLEX) at 2.53 sits around the industry midpoint — OKTA has a lower book-value multiple relative to peers, though the gap should be read alongside ROE and asset quality.

FLEX

Technology Hardware & Equipment industry group

2.53

Max
16.66
Q3
8.19
Median
3.51
Q1
1.65
Min
0.33

OKTA

Software & Services industry group

2.23

Max
20.48
Q3
9.90
Median
4.69
Q1
2.39
Min
0.32
Flex Ltd. (FLEX) vs. Okta (OKTA): A comparison of their Price-to-Book Ratio (MRQ) against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Valuation at a Glance

SymbolFLEXOKTA
Price-to-Earnings Ratio (TTM)54.8266.74
Price-to-Sales Ratio (TTM)1.735.37
Price-to-Book Ratio (MRQ)2.532.23
Price-to-Free Cash Flow Ratio (TTM)45.8518.17