vs

Side-by-side financial comparison of FLEXSTEEL INDUSTRIES INC (FLXS) and POWER SOLUTIONS INTERNATIONAL, INC. (PSIX). Click either name above to swap in a different company.

POWER SOLUTIONS INTERNATIONAL, INC. is the larger business by last-quarter revenue ($191.2M vs $115.1M, roughly 1.7× FLEXSTEEL INDUSTRIES INC). FLEXSTEEL INDUSTRIES INC runs the higher net margin — 17.7% vs 8.4%, a 9.3% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs 1.0%). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% CAGR vs 1.9%).

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.

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.

FLXS vs PSIX — Head-to-Head

Bigger by revenue
PSIX
PSIX
1.7× larger
PSIX
$191.2M
$115.1M
FLXS
Growing faster (revenue YoY)
PSIX
PSIX
+31.5% gap
PSIX
32.5%
1.0%
FLXS
Higher net margin
FLXS
FLXS
9.3% more per $
FLXS
17.7%
8.4%
PSIX
Faster 2-yr revenue CAGR
PSIX
PSIX
Annualised
PSIX
41.7%
1.9%
FLXS

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
FLXS
FLXS
PSIX
PSIX
Revenue
$115.1M
$191.2M
Net Profit
$20.4M
$16.1M
Gross Margin
22.6%
21.9%
Operating Margin
12.7%
Net Margin
17.7%
8.4%
Revenue YoY
1.0%
32.5%
Net Profit YoY
116.0%
-31.0%
EPS (diluted)
$1.14
$0.69

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
PSIX
PSIX
Q3 26
$115.1M
Q4 25
$118.2M
$191.2M
Q3 25
$110.4M
$203.8M
Q2 25
$114.6M
$191.9M
Q1 25
$114.0M
$135.4M
Q4 24
$108.5M
$144.3M
Q3 24
$104.0M
$125.8M
Q2 24
$110.8M
$110.6M
Net Profit
FLXS
FLXS
PSIX
PSIX
Q3 26
$20.4M
Q4 25
$6.6M
$16.1M
Q3 25
$7.3M
$27.6M
Q2 25
$10.7M
$51.2M
Q1 25
$-3.7M
$19.1M
Q4 24
$9.1M
$23.3M
Q3 24
$4.1M
$17.3M
Q2 24
$4.9M
$21.5M
Gross Margin
FLXS
FLXS
PSIX
PSIX
Q3 26
22.6%
Q4 25
22.7%
21.9%
Q3 25
23.5%
23.9%
Q2 25
23.9%
28.2%
Q1 25
22.2%
29.7%
Q4 24
21.0%
29.9%
Q3 24
21.5%
28.9%
Q2 24
21.3%
31.8%
Operating Margin
FLXS
FLXS
PSIX
PSIX
Q3 26
Q4 25
7.6%
12.7%
Q3 25
8.1%
13.9%
Q2 25
12.2%
16.9%
Q1 25
-4.4%
18.2%
Q4 24
10.7%
17.5%
Q3 24
5.8%
16.3%
Q2 24
6.9%
22.9%
Net Margin
FLXS
FLXS
PSIX
PSIX
Q3 26
17.7%
Q4 25
5.6%
8.4%
Q3 25
6.6%
13.5%
Q2 25
9.3%
26.7%
Q1 25
-3.3%
14.1%
Q4 24
8.3%
16.1%
Q3 24
4.0%
13.8%
Q2 24
4.4%
19.5%
EPS (diluted)
FLXS
FLXS
PSIX
PSIX
Q3 26
$1.14
Q4 25
$1.18
$0.69
Q3 25
$1.31
$1.20
Q2 25
$1.90
$2.22
Q1 25
$-0.71
$0.83
Q4 24
$1.62
$1.01
Q3 24
$0.74
$0.75
Q2 24
$0.87
$0.94

Balance Sheet & Financial Strength

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

Metric
FLXS
FLXS
PSIX
PSIX
Cash + ST InvestmentsLiquidity on hand
$57.3M
$41.3M
Total DebtLower is stronger
$96.6M
Stockholders' EquityBook value
$185.3M
$178.6M
Total Assets
$290.2M
$424.7M
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLXS
FLXS
PSIX
PSIX
Q3 26
$57.3M
Q4 25
$36.8M
$41.3M
Q3 25
$38.6M
$49.0M
Q2 25
$40.0M
$49.5M
Q1 25
$22.6M
$50.0M
Q4 24
$11.8M
$55.3M
Q3 24
$5.7M
$40.5M
Q2 24
$4.8M
$28.8M
Total Debt
FLXS
FLXS
PSIX
PSIX
Q3 26
Q4 25
$96.6M
Q3 25
$96.7M
Q2 25
$1.8M
Q1 25
$1.0M
Q4 24
$184.0K
Q3 24
$238.0K
Q2 24
$292.0K
Stockholders' Equity
FLXS
FLXS
PSIX
PSIX
Q3 26
$185.3M
Q4 25
$178.9M
$178.6M
Q3 25
$172.2M
$162.5M
Q2 25
$167.9M
$135.7M
Q1 25
$158.1M
$84.3M
Q4 24
$161.9M
$65.3M
Q3 24
$154.7M
$42.1M
Q2 24
$150.4M
$24.8M
Total Assets
FLXS
FLXS
PSIX
PSIX
Q3 26
$290.2M
Q4 25
$290.2M
$424.7M
Q3 25
$281.5M
$458.9M
Q2 25
$282.5M
$437.7M
Q1 25
$266.1M
$372.7M
Q4 24
$271.5M
$328.2M
Q3 24
$268.7M
$339.1M
Q2 24
$274.5M
$307.6M
Debt / Equity
FLXS
FLXS
PSIX
PSIX
Q3 26
Q4 25
0.54×
Q3 25
0.60×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.00×
Q3 24
0.01×
Q2 24
0.01×

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
PSIX
PSIX
Operating Cash FlowLast quarter
$27.2M
$-4.6M
Free Cash FlowOCF − Capex
$-7.6M
FCF MarginFCF / Revenue
-4.0%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
1.33×
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLXS
FLXS
PSIX
PSIX
Q3 26
$27.2M
Q4 25
$1.0M
$-4.6M
Q3 25
$4.1M
$3.3M
Q2 25
$15.6M
$16.7M
Q1 25
$12.3M
$8.8M
Q4 24
$6.7M
$32.7M
Q3 24
$2.4M
$12.6M
Q2 24
$7.5M
$1.5M
Free Cash Flow
FLXS
FLXS
PSIX
PSIX
Q3 26
Q4 25
$-735.0K
$-7.6M
Q3 25
$2.8M
$1.7M
Q2 25
$15.1M
$14.6M
Q1 25
$10.9M
$5.4M
Q4 24
$5.8M
$30.0M
Q3 24
$2.0M
$12.1M
Q2 24
$7.1M
$822.0K
FCF Margin
FLXS
FLXS
PSIX
PSIX
Q3 26
Q4 25
-0.6%
-4.0%
Q3 25
2.5%
0.8%
Q2 25
13.1%
7.6%
Q1 25
9.6%
4.0%
Q4 24
5.3%
20.8%
Q3 24
1.9%
9.7%
Q2 24
6.4%
0.7%
Capex Intensity
FLXS
FLXS
PSIX
PSIX
Q3 26
Q4 25
1.5%
1.6%
Q3 25
1.2%
0.8%
Q2 25
0.5%
1.1%
Q1 25
1.2%
2.5%
Q4 24
0.8%
1.8%
Q3 24
0.4%
0.3%
Q2 24
0.4%
0.6%
Cash Conversion
FLXS
FLXS
PSIX
PSIX
Q3 26
1.33×
Q4 25
0.15×
-0.29×
Q3 25
0.56×
0.12×
Q2 25
1.46×
0.33×
Q1 25
0.46×
Q4 24
0.74×
1.40×
Q3 24
0.58×
0.73×
Q2 24
1.53×
0.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLXS
FLXS

Segment breakdown not available.

PSIX
PSIX

Energy End Market$153.4M80%
Industrial End Market$33.3M17%
Transportation End Market$4.6M2%

Related Comparisons