FLEX vs. STX: Flex vs. Seagate Technology Stock Comparison

October 3, 2026

How do Flex (FLEX) and Seagate Technology (STX) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Flex (FLEX) and Seagate Technology (STX) both fall under the Technology Hardware & Equipment industry group, but FLEX is classified in Electronic Equipment, Instruments & Components while STX is classified in Technology Hardware, Storage & Peripherals.

Company profile comparison for Flex (FLEX) and Seagate Technology (STX)
Profile Item	FLEX	STX
Name	Flex Ltd.	Seagate Technology Holdings plc
Country/Region	United States	Singapore
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Electronic Equipment, Instruments & Components	Technology Hardware, Storage & Peripherals
GICS Sub-Industry	Electronic Manufacturing Services	Technology Hardware, Storage & Peripherals
Market Capitalization	43.08 billion USD	193.05 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	March 18, 1994	December 11, 2002
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FLEX

STX

GSPC

Flex (FLEX) vs. Seagate Technology (STX), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Flex (FLEX) and Seagate Technology (STX). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Flex (FLEX) and Seagate Technology (STX). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Flex (FLEX) and Seagate Technology (STX)
Metric	FLEX	STX
Total Return (1Y)	100.74%	235.24%
Total Return (3Y, Annualized)	79.65%	138.79%
Total Return (5Y, Annualized)	53.38%	63.24%

Risk Profile

Drawdown History

FLEX

STX

GSPC

Flex (FLEX) vs. Seagate Technology (STX), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Flex (FLEX) and Seagate Technology (STX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Flex (FLEX) and Seagate Technology (STX)
Metric	FLEX	STX
Volatility (1Y, Annualized)	69.38%	75.32%
Beta (5Y)	1.76	2.12
Max Drawdown (5Y)	-39.99%	-56.99%
Avg. Volume (3M)	3.76M	4.58M

Risk-Adjusted Performance

Risk-Return Positioning

FLEX and STX are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Flex (FLEX) and Seagate Technology (STX)
Metric	FLEX	STX
Sharpe Ratio (1Y)	1.39	3.06
Sortino Ratio (1Y)	2.46	4.91

Profitability

ROE (TTM)

Seagate Technology (STX) at 371.53% clears its industry range for ROE, a sharper capital-efficiency signal than Flex (FLEX) at 18.38%, which is closer to a typical peer reading.

FLEX

Technology Hardware & Equipment industry group

18.38%

Max: 44.01%
Q3: 18.64%
FLEX: 18.38%
Median: 10.41%
Q1: 0.19%
Min: -24.95%

STX

Technology Hardware & Equipment industry group

371.53%

STX: 371.53%
Max: 44.01%
Q3: 18.64%
Median: 10.41%
Q1: 0.19%
Min: -24.95%

Flex (FLEX) vs. Seagate Technology (STX): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Seagate Technology (STX) at 26.11% retains a top-quartile share of revenue as profit, ahead of Flex (FLEX) at 3.33%, which keeps about the industry-typical share.

FLEX

Technology Hardware & Equipment industry group

3.33%

Max: 27.62%
Q3: 10.84%
Median: 3.57%
FLEX: 3.33%
Q1: -0.98%
Min: -12.98%

STX

Technology Hardware & Equipment industry group

26.11%

Max: 27.62%
STX: 26.11%
Q3: 10.84%
Median: 3.57%
Q1: -0.98%
Min: -12.98%

Flex (FLEX) vs. Seagate Technology (STX): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Seagate Technology (STX) at 43.07% turns sales into operating profit above its industry’s benchmark range, while Flex (FLEX) at 4.97% operates around its industry’s norm.

FLEX

Technology Hardware & Equipment industry group

4.97%

Max: 36.27%
Q3: 17.80%
Median: 7.40%
FLEX: 4.97%
Q1: 1.69%
Min: -21.39%

STX

Technology Hardware & Equipment industry group

43.07%

STX: 43.07%
Max: 36.27%
Q3: 17.80%
Median: 7.40%
Q1: 1.69%
Min: -21.39%

Flex (FLEX) vs. Seagate Technology (STX): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Flex (FLEX) and Seagate Technology (STX)
Metric	FLEX	STX
ROE (TTM)	18.38%	371.53%
ROA (TTM)	4.42%	29.36%
Net Margin (TTM)	3.33%	26.11%
Operating Margin (TTM)	4.97%	43.07%
Gross Margin (TTM)	9.53%	45.58%

Growth

Revenue Growth

Seagate Technology (STX) at 34.06% sits in the top revenue growth quartile, while Flex (FLEX) at 8.14% is closer to the peer norm — faster top-line expansion for STX.

Flex (FLEX) vs. Seagate Technology (STX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Seagate Technology (STX) at 105.31% sits in the top EPS growth quartile, while Flex (FLEX) at 10.43% is closer to the peer norm — faster per-share earnings growth for STX.

Flex (FLEX) vs. Seagate Technology (STX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Flex (FLEX) and Seagate Technology (STX)
Metric	FLEX	STX
Revenue Growth (YoY)	8.14%	34.06%
Revenue Growth (3Y CAGR)	-0.69%	18.20%
EPS Growth (YoY)	10.43%	105.31%
EPS Growth (3Y CAGR)	10.65%	--

Financial Strength

Current Ratio (MRQ)

Both Flex (FLEX) at 1.38 and Seagate Technology (STX) at 1.67 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

FLEX

Technology Hardware & Equipment industry group

1.38

Max: 5.34
Q3: 3.08
Median: 1.98
FLEX: 1.38
Q1: 1.30
Min: 0.17

STX

Technology Hardware & Equipment industry group

1.67

Max: 5.34
Q3: 3.08
Median: 1.98
STX: 1.67
Q1: 1.30
Min: 0.17

Flex (FLEX) vs. Seagate Technology (STX): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Flex (FLEX) at 1.08 and Seagate Technology (STX) at 1.80 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

FLEX

Technology Hardware & Equipment industry group

1.08

Max: 1.80
FLEX: 1.08
Q3: 0.79
Median: 0.26
Q1: 0.04
Min: 0.00

STX

Technology Hardware & Equipment industry group

1.80

STX: 1.80
Max: 1.80
Q3: 0.79
Median: 0.26
Q1: 0.04
Min: 0.00

Flex (FLEX) vs. Seagate Technology (STX): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Flex (FLEX) and Seagate Technology (STX)
Metric	FLEX	STX
Current Ratio (MRQ)	1.38	1.67
Debt / Equity (MRQ)	1.08	1.80
Net Debt / EBITDA	1.46	0.49

Dividends

Dividend Yield (TTM)

Flex (FLEX) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Seagate Technology (STX) reports a yield of 0.31%, ranking against industry peers normally.

FLEX

Technology Hardware & Equipment industry group

0.00%

Max: 0.76%
Q3: 0.31%
FLEX: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

STX

Technology Hardware & Equipment industry group

0.31%

Max: 0.76%
Q3: 0.31%
STX: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Flex (FLEX) vs. Seagate Technology (STX): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Flex (FLEX) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Seagate Technology (STX) reports a payout of 21.15%, ranking against industry peers normally.

FLEX

Technology Hardware & Equipment industry group

0.00%

Max: 30.23%
Q3: 12.39%
FLEX: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

STX

Technology Hardware & Equipment industry group

21.15%

Max: 30.23%
STX: 21.15%
Q3: 12.39%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Flex (FLEX) vs. Seagate Technology (STX): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Flex (FLEX) and Seagate Technology (STX)
Metric	FLEX	STX
Dividend Yield (TTM)	0.00%	0.31%
Dividend Payout Ratio (TTM)	0.00%	21.15%

Valuation

P/E Ratio (TTM)

Flex (FLEX) at 43.51 is near its industry’s usual P/E ratio, while Seagate Technology (STX) at 68.03 sits in the richer quartile — STX needs stronger growth or earnings quality to justify the premium.

FLEX

Technology Hardware & Equipment industry group

43.51

Max: 92.49
Q3: 57.87
FLEX: 43.51
Median: 34.60
Q1: 22.13
Min: 12.26

STX

Technology Hardware & Equipment industry group

68.03

Max: 92.49
STX: 68.03
Q3: 57.87
Median: 34.60
Q1: 22.13
Min: 12.26

Flex (FLEX) vs. Seagate Technology (STX): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

Flex (FLEX) at 1.47 is priced about in line with its industry on P/S ratio, while Seagate Technology (STX) at 15.83 sits in the pricier quartile — STX costs more per dollar of sales.

FLEX

Technology Hardware & Equipment industry group

1.47

Max: 16.47
Q3: 8.05
Median: 3.42
FLEX: 1.47
Q1: 1.43
Min: 0.00

STX

Technology Hardware & Equipment industry group

15.83

Max: 16.47
STX: 15.83
Q3: 8.05
Median: 3.42
Q1: 1.43
Min: 0.00

Flex (FLEX) vs. Seagate Technology (STX): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Flex (FLEX) at 7.83 sits in the upper P/B ratio quartile, and Seagate Technology (STX) at 88.85 prices even higher, above its industry range.

FLEX

Technology Hardware & Equipment industry group

7.83

Max: 13.84
FLEX: 7.83
Q3: 7.08
Median: 3.54
Q1: 2.20
Min: -1.28

STX

Technology Hardware & Equipment industry group

88.85

STX: 88.85
Max: 13.84
Q3: 7.08
Median: 3.54
Q1: 2.20
Min: -1.28

Flex (FLEX) vs. Seagate Technology (STX): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Flex (FLEX) and Seagate Technology (STX)
Metric	FLEX	STX
P/E Ratio (TTM)	43.51	68.03
P/S Ratio (TTM)	1.47	15.83
P/B Ratio (MRQ)	7.83	88.85
Free Cash Flow Yield (TTM)	1.45%	1.01%