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Side-by-side financial comparison of FLEXSTEEL INDUSTRIES INC (FLXS) and IMPINJ INC (PI). Click either name above to swap in a different company.

FLEXSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($115.1M vs $74.3M, roughly 1.6× IMPINJ INC). FLEXSTEEL INDUSTRIES INC runs the higher net margin — 17.7% vs 11.2%, a 6.5% gap on every dollar of revenue. On growth, FLEXSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (1.0% vs -0.0%). Over the past eight quarters, FLEXSTEEL INDUSTRIES INC's revenue compounded faster (1.9% CAGR vs -14.9%).

Flexsteel Industries Inc is a leading U.S.-headquartered furniture manufacturer that designs, produces and distributes a wide portfolio of upholstered residential, commercial, and hospitality furniture. It primarily operates across North American markets, serving end consumers, retail partners and corporate clients through its extensive distribution network.

Impinj, Inc. is an American manufacturer of radio-frequency identification (RFID) devices and software. The company was founded in 2000 and is headquartered in Seattle, Washington. The company was started based on the research done at the California Institute of Technology by Carver Mead and Chris Diorio. Impinj currently produces EPC Class 1, Gen 2 passive UHF RFID chips, RFID readers, RFID reader chips, and RFID antennas, and software applications for encoding chips, and gathering business ...

FLXS vs PI — Head-to-Head

Bigger by revenue
FLXS
FLXS
1.6× larger
FLXS
$115.1M
$74.3M
PI
Growing faster (revenue YoY)
FLXS
FLXS
+1.0% gap
FLXS
1.0%
-0.0%
PI
Higher net margin
FLXS
FLXS
6.5% more per $
FLXS
17.7%
11.2%
PI
Faster 2-yr revenue CAGR
FLXS
FLXS
Annualised
FLXS
1.9%
-14.9%
PI

Income Statement — Q1 FY2027 vs Q1 FY2026

Metric
FLXS
FLXS
PI
PI
Revenue
$115.1M
$74.3M
Net Profit
$20.4M
$8.3M
Gross Margin
22.6%
49.1%
Operating Margin
30.5%
Net Margin
17.7%
11.2%
Revenue YoY
1.0%
-0.0%
Net Profit YoY
116.0%
EPS (diluted)
$1.14
$0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FLXS
FLXS
PI
PI
Q3 26
$115.1M
Q1 26
$74.3M
Q4 25
$118.2M
$92.8M
Q3 25
$110.4M
$96.1M
Q2 25
$114.6M
$97.9M
Q1 25
$114.0M
$74.3M
Q4 24
$108.5M
$91.6M
Q3 24
$104.0M
$95.2M
Net Profit
FLXS
FLXS
PI
PI
Q3 26
$20.4M
Q1 26
$8.3M
Q4 25
$6.6M
$-1.1M
Q3 25
$7.3M
$-12.8M
Q2 25
$10.7M
$11.6M
Q1 25
$-3.7M
$-8.5M
Q4 24
$9.1M
$-2.7M
Q3 24
$4.1M
$221.0K
Gross Margin
FLXS
FLXS
PI
PI
Q3 26
22.6%
Q1 26
49.1%
Q4 25
22.7%
51.8%
Q3 25
23.5%
50.3%
Q2 25
23.9%
57.8%
Q1 25
22.2%
49.4%
Q4 24
21.0%
50.5%
Q3 24
21.5%
50.0%
Operating Margin
FLXS
FLXS
PI
PI
Q3 26
Q1 26
30.5%
Q4 25
7.6%
-2.9%
Q3 25
8.1%
0.7%
Q2 25
12.2%
11.1%
Q1 25
-4.4%
-12.9%
Q4 24
10.7%
-3.9%
Q3 24
5.8%
-0.8%
Net Margin
FLXS
FLXS
PI
PI
Q3 26
17.7%
Q1 26
11.2%
Q4 25
5.6%
-1.2%
Q3 25
6.6%
-13.3%
Q2 25
9.3%
11.8%
Q1 25
-3.3%
-11.4%
Q4 24
8.3%
-2.9%
Q3 24
4.0%
0.2%
EPS (diluted)
FLXS
FLXS
PI
PI
Q3 26
$1.14
Q1 26
$0.14
Q4 25
$1.18
$-0.02
Q3 25
$1.31
$-0.44
Q2 25
$1.90
$0.39
Q1 25
$-0.71
$-0.30
Q4 24
$1.62
$-0.06
Q3 24
$0.74
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLXS
FLXS
PI
PI
Cash + ST InvestmentsLiquidity on hand
$57.3M
$131.8M
Total DebtLower is stronger
$241.5M
Stockholders' EquityBook value
$185.3M
Total Assets
$290.2M
$502.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLXS
FLXS
PI
PI
Q3 26
$57.3M
Q1 26
$131.8M
Q4 25
$36.8M
$175.3M
Q3 25
$38.6M
$190.1M
Q2 25
$40.0M
$193.2M
Q1 25
$22.6M
$147.9M
Q4 24
$11.8M
$164.7M
Q3 24
$5.7M
$170.3M
Total Debt
FLXS
FLXS
PI
PI
Q3 26
Q1 26
$241.5M
Q4 25
$280.9M
Q3 25
$280.4M
Q2 25
Q1 25
Q4 24
$283.5M
Q3 24
Stockholders' Equity
FLXS
FLXS
PI
PI
Q3 26
$185.3M
Q1 26
Q4 25
$178.9M
$209.2M
Q3 25
$172.2M
$195.0M
Q2 25
$167.9M
$187.7M
Q1 25
$158.1M
$160.6M
Q4 24
$161.9M
$149.9M
Q3 24
$154.7M
$136.1M
Total Assets
FLXS
FLXS
PI
PI
Q3 26
$290.2M
Q1 26
$502.5M
Q4 25
$290.2M
$545.2M
Q3 25
$281.5M
$516.5M
Q2 25
$282.5M
$508.8M
Q1 25
$266.1M
$479.8M
Q4 24
$271.5M
$489.1M
Q3 24
$268.7M
$476.4M
Debt / Equity
FLXS
FLXS
PI
PI
Q3 26
Q1 26
Q4 25
1.34×
Q3 25
1.44×
Q2 25
Q1 25
Q4 24
1.89×
Q3 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FLXS
FLXS
PI
PI
Operating Cash FlowLast quarter
$27.2M
Free Cash FlowOCF − Capex
$2.2M
FCF MarginFCF / Revenue
3.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLXS
FLXS
PI
PI
Q3 26
$27.2M
Q1 26
Q4 25
$1.0M
$15.1M
Q3 25
$4.1M
$20.9M
Q2 25
$15.6M
$33.9M
Q1 25
$12.3M
$-11.1M
Q4 24
$6.7M
$12.6M
Q3 24
$2.4M
$10.1M
Free Cash Flow
FLXS
FLXS
PI
PI
Q3 26
Q1 26
$2.2M
Q4 25
$-735.0K
$13.6M
Q3 25
$2.8M
$18.0M
Q2 25
$15.1M
$27.3M
Q1 25
$10.9M
$-13.0M
Q4 24
$5.8M
$8.5M
Q3 24
$2.0M
$4.7M
FCF Margin
FLXS
FLXS
PI
PI
Q3 26
Q1 26
3.0%
Q4 25
-0.6%
14.7%
Q3 25
2.5%
18.7%
Q2 25
13.1%
27.9%
Q1 25
9.6%
-17.5%
Q4 24
5.3%
9.3%
Q3 24
1.9%
4.9%
Capex Intensity
FLXS
FLXS
PI
PI
Q3 26
Q1 26
Q4 25
1.5%
1.6%
Q3 25
1.2%
3.1%
Q2 25
0.5%
6.7%
Q1 25
1.2%
2.5%
Q4 24
0.8%
4.5%
Q3 24
0.4%
5.7%
Cash Conversion
FLXS
FLXS
PI
PI
Q3 26
1.33×
Q1 26
Q4 25
0.15×
Q3 25
0.56×
Q2 25
1.46×
2.93×
Q1 25
Q4 24
0.74×
Q3 24
0.58×
45.56×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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