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

Ribbon Communications Inc. is the larger business by last-quarter revenue ($162.6M vs $115.1M, roughly 1.4× FLEXSTEEL INDUSTRIES INC). Ribbon Communications Inc. runs the higher net margin — 54.8% vs 17.7%, a 37.0% gap on every dollar of revenue. On growth, FLEXSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (1.0% vs -10.3%). Over the past eight quarters, FLEXSTEEL INDUSTRIES INC's revenue compounded faster (1.9% CAGR vs -8.1%).

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.

Ribbon Communications Inc. is a public company that makes software, IP and optical networking solutions for service providers, enterprises and critical infrastructure sectors. The company was formed in 2017, following the merger of Genband and Sonus Networks and is headquartered in Plano, Texas.

FLXS vs RBBN — Head-to-Head

Bigger by revenue
RBBN
RBBN
1.4× larger
RBBN
$162.6M
$115.1M
FLXS
Growing faster (revenue YoY)
FLXS
FLXS
+11.3% gap
FLXS
1.0%
-10.3%
RBBN
Higher net margin
RBBN
RBBN
37.0% more per $
RBBN
54.8%
17.7%
FLXS
Faster 2-yr revenue CAGR
FLXS
FLXS
Annualised
FLXS
1.9%
-8.1%
RBBN

Income Statement — Q1 FY2027 vs Q1 FY2026

Metric
FLXS
FLXS
RBBN
RBBN
Revenue
$115.1M
$162.6M
Net Profit
$20.4M
$89.1M
Gross Margin
22.6%
42.9%
Operating Margin
37.6%
Net Margin
17.7%
54.8%
Revenue YoY
1.0%
-10.3%
Net Profit YoY
116.0%
EPS (diluted)
$1.14
$0.50

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
RBBN
RBBN
Q3 26
$115.1M
Q1 26
$162.6M
Q4 25
$118.2M
$227.3M
Q3 25
$110.4M
$215.4M
Q2 25
$114.6M
$220.6M
Q1 25
$114.0M
$181.3M
Q4 24
$108.5M
$251.4M
Q3 24
$104.0M
$210.2M
Net Profit
FLXS
FLXS
RBBN
RBBN
Q3 26
$20.4M
Q1 26
$89.1M
Q4 25
$6.6M
Q3 25
$7.3M
$-12.1M
Q2 25
$10.7M
$-11.1M
Q1 25
$-3.7M
$-26.2M
Q4 24
$9.1M
Q3 24
$4.1M
$-13.4M
Gross Margin
FLXS
FLXS
RBBN
RBBN
Q3 26
22.6%
Q1 26
42.9%
Q4 25
22.7%
53.3%
Q3 25
23.5%
50.1%
Q2 25
23.9%
49.6%
Q1 25
22.2%
45.4%
Q4 24
21.0%
55.7%
Q3 24
21.5%
52.1%
Operating Margin
FLXS
FLXS
RBBN
RBBN
Q3 26
Q1 26
37.6%
Q4 25
7.6%
4.1%
Q3 25
8.1%
1.3%
Q2 25
12.2%
1.9%
Q1 25
-4.4%
-10.8%
Q4 24
10.7%
13.2%
Q3 24
5.8%
-0.4%
Net Margin
FLXS
FLXS
RBBN
RBBN
Q3 26
17.7%
Q1 26
54.8%
Q4 25
5.6%
Q3 25
6.6%
-5.6%
Q2 25
9.3%
-5.0%
Q1 25
-3.3%
-14.5%
Q4 24
8.3%
Q3 24
4.0%
-6.4%
EPS (diluted)
FLXS
FLXS
RBBN
RBBN
Q3 26
$1.14
Q1 26
$0.50
Q4 25
$1.18
$0.50
Q3 25
$1.31
$-0.07
Q2 25
$1.90
$-0.06
Q1 25
$-0.71
$-0.15
Q4 24
$1.62
$0.05
Q3 24
$0.74
$-0.08

Balance Sheet & Financial Strength

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

Metric
FLXS
FLXS
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$57.3M
$67.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$185.3M
$419.1M
Total Assets
$290.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLXS
FLXS
RBBN
RBBN
Q3 26
$57.3M
Q1 26
$67.6M
Q4 25
$36.8M
$96.4M
Q3 25
$38.6M
$74.8M
Q2 25
$40.0M
$60.5M
Q1 25
$22.6M
$71.2M
Q4 24
$11.8M
$87.8M
Q3 24
$5.7M
$37.2M
Total Debt
FLXS
FLXS
RBBN
RBBN
Q3 26
Q1 26
Q4 25
$342.1M
Q3 25
$344.3M
Q2 25
$346.5M
Q1 25
$347.4M
Q4 24
$348.3M
Q3 24
$349.1M
Stockholders' Equity
FLXS
FLXS
RBBN
RBBN
Q3 26
$185.3M
Q1 26
$419.1M
Q4 25
$178.9M
$449.0M
Q3 25
$172.2M
$360.1M
Q2 25
$167.9M
$370.4M
Q1 25
$158.1M
$381.8M
Q4 24
$161.9M
$404.6M
Q3 24
$154.7M
$395.5M
Total Assets
FLXS
FLXS
RBBN
RBBN
Q3 26
$290.2M
Q1 26
Q4 25
$290.2M
$1.2B
Q3 25
$281.5M
$1.1B
Q2 25
$282.5M
$1.1B
Q1 25
$266.1M
$1.1B
Q4 24
$271.5M
$1.2B
Q3 24
$268.7M
$1.1B
Debt / Equity
FLXS
FLXS
RBBN
RBBN
Q3 26
Q1 26
Q4 25
0.76×
Q3 25
0.96×
Q2 25
0.94×
Q1 25
0.91×
Q4 24
0.86×
Q3 24
0.88×

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
RBBN
RBBN
Operating Cash FlowLast quarter
$27.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLXS
FLXS
RBBN
RBBN
Q3 26
$27.2M
Q1 26
Q4 25
$1.0M
$29.2M
Q3 25
$4.1M
$26.5M
Q2 25
$15.6M
$-795.0K
Q1 25
$12.3M
$-3.5M
Q4 24
$6.7M
$61.8M
Q3 24
$2.4M
$-14.8M
Free Cash Flow
FLXS
FLXS
RBBN
RBBN
Q3 26
Q1 26
Q4 25
$-735.0K
$27.3M
Q3 25
$2.8M
$21.0M
Q2 25
$15.1M
$-6.5M
Q1 25
$10.9M
$-15.7M
Q4 24
$5.8M
$53.8M
Q3 24
$2.0M
$-23.7M
FCF Margin
FLXS
FLXS
RBBN
RBBN
Q3 26
Q1 26
Q4 25
-0.6%
12.0%
Q3 25
2.5%
9.7%
Q2 25
13.1%
-2.9%
Q1 25
9.6%
-8.7%
Q4 24
5.3%
21.4%
Q3 24
1.9%
-11.3%
Capex Intensity
FLXS
FLXS
RBBN
RBBN
Q3 26
Q1 26
Q4 25
1.5%
0.9%
Q3 25
1.2%
2.6%
Q2 25
0.5%
2.6%
Q1 25
1.2%
6.7%
Q4 24
0.8%
3.2%
Q3 24
0.4%
4.2%
Cash Conversion
FLXS
FLXS
RBBN
RBBN
Q3 26
1.33×
Q1 26
Q4 25
0.15×
Q3 25
0.56×
Q2 25
1.46×
Q1 25
Q4 24
0.74×
Q3 24
0.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLXS
FLXS

Segment breakdown not available.

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

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