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FLEXSTEEL INDUSTRIES, INC.

FLXS · Materials · $356M mkt cap · FY2026 filings · · Shallow moat ·

Doesn't clear the bar

Shallow moat
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The five investor questions

62

2022–2026 (latest 5 aligned FYs; v3 window cap 5): revenue $544M to $459M, decreasing; diluted EPS 0.28 to 6.07, increasing.

19

Median gross margin 20.1% over 10y, stable.

23

Median ROIC 8.0%, above the 12% hurdle in 30% of years.

73

Net debt/EBITDA n/ax, interest coverage 1934x.

71

Owner earnings changed +3.7%/yr over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
117% above value if growth stopped today
$14.8M
$39.98
$39.98
$86.77
117% above value if growth stopped today

What today’s price assumes: owner earnings growing ~17%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).

How to read this

We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 255% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 16, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

18 years of fundamentals

The business, in plain English

FLEXSTEEL INDUSTRIES, INC. booked $459M of revenue in FY2026 in the Materials sector and kept 24.7% of it as gross profit — a moderate-margin business by that measure. After every other cost, 7.2% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $326M (FY2010) to $459M (FY2026) — about 2.2% a year compounded over 16 years.

It earned 27.5% on invested capital in the latest filed year, FY2026. Across the full 17-year measurable filed record, median ROIC was 9.4%. Over the v3 recent window (10 measurable filed years), median ROIC was 8.0%. The Returns on Capital filter above scores it 23/100.

FLXS's latest filed year, FY2026, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

Put together: Balance-Sheet Safety is the strongest of the five filters (73/100) and Pricing Power the weakest (19/100), which is how FLXS lands at 50/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2009–FY2026 · 18 fiscal years, normalized from FLXS’s SEC filings

Sales, as filed$459M FY2026
$0$200M$400M2009201520212026
Revenue kept after cost of goods24.7% FY2026
0%10%20%2009201520212026
Standard ROIC or separately labeled Operating ROIC

Exact FY and FY-1 financing invested-capital inputs are required.

Exact FY and FY-1 financing invested-capital inputs are required.

Cash an owner could take out$33.1M FY2026
$02009201520212026

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How FLEXSTEEL INDUSTRIES, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$459M · 100%Cost of revenue$346M · 75%Gross profit$113M · 25%Operating income$42.5M · 9%Income before tax$43.8M · 10%Income tax$10.7M · 2%Net income$33.1M · 7%As of 2026-06-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$459M100%
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Cost of revenue$346M75%
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
$113M25%
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
$42.5M9%
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Income before tax$43.8M10%
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Income tax$10.7M2%
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
$33.1M7%
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
· event Jun 30, 2026 · retrieved Oct 16, 2026 · annual-row source set
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Flagship explainer

What FLEXSTEEL INDUSTRIES, INC. owns — and owes

FLEXSTEEL INDUSTRIES, INC.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$254M100%
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Cash and equivalents$16.7M7%
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Stockholders’ equity$133M53%
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
· event Jun 30, 2026 · retrieved Oct 16, 2026 · annual-row source set

Flagship explainer

What drives FLEXSTEEL INDUSTRIES, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity22%Tax burden76%net income ÷ pretax incomeInterest burden103%pretax ÷ operating incomeOperating margin9%operating income ÷ revenueAsset turnover1.71×revenue ÷ average assetsEquity multiplier1.78×average assets ÷ average equityAs of 2026-06-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$33.1MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Income before tax$43.8MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Operating income$42.5MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
$459MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Ending assets$254MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Beginning assets$282MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
$133MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
$168MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Source: · event Jun 30, 2026 · retrieved Oct 16, 2026 · annual-row source set
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Flagship explainer

Where FLEXSTEEL INDUSTRIES, INC.'s cash went

FLEXSTEEL INDUSTRIES, INC.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$51.5M100%
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Depreciation and amortization$3.8M7%
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001193125-26-357097 · filed Aug 19, 2026
· event Jun 30, 2026 · retrieved Oct 16, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding FLEXSTEEL INDUSTRIES, INC.

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

1 holding0 exited17 not holding18/19 resolved1 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
First Eagle40,000 shares$3M · 0% of eligible reported 13FAdded · +40,000 shares
Abrams CapitalNo position reportedNo position reported
Akre CapitalNo position reportedNo position reported
Baupost GroupNo position reportedNo position reported
Berkshire HathawayNo position reportedNo position reported
Brave Warrior AdvisorsNo position reportedNo position reported
Dodge & CoxNo position reportedNo position reported
FundsmithNo position reportedNo position reported
Gardner Russo & QuinnNo position reportedNo position reported
Gates Foundation TrustNo position reportedNo position reported
Mairs & PowerNo position reportedNo position reported
Markel / Markel-GaynerNo position reportedNo position reported
Oakmark / Harris AssociatesNo position reportedNo position reported
Polen CapitalNo position reportedNo position reported
Sequoia / Ruane CunniffNo position reportedNo position reported
Southeastern Asset ManagementNo position reportedNo position reported
Tweedy, BrowneNo position reportedNo position reported
Yacktman Asset ManagementNo position reportedNo position reported
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source:
37 SEC filings
  1. 13F-HR · Q1 2026Filing detailsAccession 0000813917-26-000038 · filed May 15, 2026
  2. 13F-HR · Q2 2026Filing detailsAccession 0000813917-26-000042 · filed Aug 14, 2026
  3. 13F-HR · Q1 2026Filing detailsAccession 0000860643-26-000003 · filed May 13, 2026
  4. 13F-HR · Q2 2026Filing detailsAccession 0000860643-26-000005 · filed Aug 13, 2026
  5. 13F-HR · Q1 2026Filing detailsAccession 0000905567-26-000002 · filed May 1, 2026
  6. 13F-HR · Q2 2026Filing detailsAccession 0000905567-26-000003 · filed Aug 11, 2026
  7. 13F-HR · Q1 2026Filing detailsAccession 0000919574-26-003132 · filed May 15, 2026
  8. 13F-HR · Q2 2026Filing detailsAccession 0000919574-26-005176 · filed Aug 14, 2026
  9. 13F-HR · Q1 2026Filing detailsAccession 0001061768-26-000007 · filed May 14, 2026
  10. 13F-HR · Q2 2026Filing detailsAccession 0001061768-26-000010 · filed Aug 13, 2026
  11. 13F-HR · Q1 2026Filing detailsAccession 0001096343-26-000044 · filed May 1, 2026
  12. 13F-HR · Q2 2026Filing detailsAccession 0001096343-26-000065 · filed Jul 31, 2026
  13. 13F-HR · Q1 2026Filing detailsAccession 0001104659-26-062592 · filed May 15, 2026
  14. 13F-HR · Q2 2026Filing detailsAccession 0001104659-26-097175 · filed Aug 14, 2026
  15. 13F-HR · Q1 2026Filing detailsAccession 0001112520-26-000009 · filed May 14, 2026
  16. 13F-HR · Q2 2026Filing detailsAccession 0001112520-26-000014 · filed Aug 14, 2026
  17. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001819 · filed May 14, 2026
  18. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001911 · filed May 14, 2026
  19. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001966 · filed May 14, 2026
  20. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-002294 · filed May 15, 2026
  21. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003035 · filed Aug 4, 2026
  22. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003402 · filed Aug 13, 2026
  23. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003496 · filed Aug 14, 2026
  24. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003728 · filed Aug 14, 2026
  25. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-208439 · filed May 6, 2026
  26. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-223352 · filed May 14, 2026
  27. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-226661 · filed May 15, 2026
  28. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-340443 · filed Aug 7, 2026
  29. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-349535 · filed Aug 13, 2026
  30. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-352200 · filed Aug 14, 2026
  31. 13F-HR/A · Q1 2026 · Amendment RESTATEMENTFiling detailsAccession 0001325447-26-000018 · filed May 14, 2026
  32. 13F-HR · Q2 2026Filing detailsAccession 0001325447-26-000020 · filed Aug 5, 2026
  33. 13F-HR/A · Q2 2026 · Amendment NEW HOLDINGSFiling detailsAccession 0001325447-26-000033 · filed Aug 24, 2026
  34. 13F-HR · Q1 2026Filing detailsAccession 0001398344-26-009296 · filed May 15, 2026
  35. 13F-HR · Q2 2026Filing detailsAccession 0001398344-26-014641 · filed Aug 14, 2026
  36. 13F-HR · Q1 2026Filing detailsAccession 0001569205-26-000005 · filed May 15, 2026
  37. 13F-HR · Q2 2026Filing detailsAccession 0001569205-26-000012 · filed Aug 14, 2026
· event Jun 30, 2026 · retrieved Oct 16, 2026

Flagship explainer

What FLEXSTEEL INDUSTRIES, INC. insiders reported

Records still being gathered — partial as of retrieval Oct 16, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

28 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale49.6 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Oct 16, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Oct 16, 2026.

29 filings were skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

InsiderShares owned afterDateFiling detail
Creekmuir William S.DirectorGift (G)Table I · Disposed · Common Stock4,984—Gift (G)—See lot detailSep 16, 2026
2 filed lots
  • Table I · Common Stock: 2,492 shares at — (Gift (G)) · code G · owned after 16,484 ·
  • Table I · Common Stock: 2,492 shares at — (Gift (G)) · code G · owned after 16,734 ·
Kangala Anand SDirectorGrant, award, or other acquisition (A)Table I · Acquired · Common Stock321—Grant, award, or other acquisition (A)—321Sep 16, 2026
1 filed lot
  • Table I · Common Stock: 321 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 321 ·
McGovern JeanneDirectorGrant, award, or other acquisition (A)Table I · Acquired · Common Stock321—Grant, award, or other acquisition (A)—12,133Sep 16, 2026
1 filed lot
  • Table I · Common Stock: 321 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 12,133 ·
Dickson Kathryn PDirectorGrant, award, or other acquisition (A)Table I · Acquired · Common Stock321—Grant, award, or other acquisition (A)—26,274.021Sep 16, 2026
1 filed lot
  • Table I · Common Stock: 321 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 26,274.021 ·
Culbreth Michael ScottDirectorGrant, award, or other acquisition (A)Table I · Acquired · Common Stock321—Grant, award, or other acquisition (A)—10,055.023Sep 16, 2026
1 filed lot
  • Table I · Common Stock: 321 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 10,055.023 ·
Creekmuir William S.DirectorGrant, award, or other acquisition (A)Table I · Acquired · Common Stock321—Grant, award, or other acquisition (A)—17,055Sep 16, 2026
1 filed lot
  • Table I · Common Stock: 321 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 17,055 ·
Calloway Terence P.DirectorGrant, award, or other acquisition (A)Table I · Acquired · Common Stock321—Grant, award, or other acquisition (A)—3,143Sep 16, 2026
1 filed lot
  • Table I · Common Stock: 321 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 3,143 ·
Creekmuir William S.DirectorOpen-market or private sale (S)Table I · Disposed · Common Stock2,000$81.0327$162,065See lot detailSep 15, 2026
2 filed lots
  • Table I · Common Stock: 1,000 shares at $81.0327 · code S · owned after 18,976 ·
  • Table I · Common Stock: 1,000 shares at $81.0327 · code S · owned after 19,226 ·
Creekmuir William S.DirectorOpen-market or private sale (S)Table I · Disposed · Common Stock3,200$81.3424$260,296See lot detailSep 14, 2026
3 filed lots
  • Table I · Common Stock: 250 shares at $81.5154 · code S · owned after 19,976 ·
  • Table I · Common Stock: 2,135 shares at $81.2007 · code S · owned after 21,041 ·
  • Table I · Common Stock: 815 shares at $81.6604 · code S · owned after 20,226 ·
Kammes Stacy MarieVP Talent, Customer ExperienceOpen-market or private sale (S)Table I · Disposed · Common Stock2,750$82.6601$227,315See lot detailSep 8, 2026
4 filed lots
  • Table I · Common Stock: 500 shares at $81.4786 · code S · owned after 35,556 ·
  • Table I · Common Stock: 750 shares at $82.1131 · code S · owned after 34,806 ·
  • Table I · Common Stock: 750 shares at $83.096 · code S · owned after 34,056 ·
  • Table I · Common Stock: 750 shares at $83.5587 · code S · owned after 33,306 ·
Kammes Stacy MarieVP Talent, Customer ExperienceExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events6,451$32.6056$210,339See lot detailSep 4, 2026
3 filed lots
  • Table I · Common Stock: 2,286 shares at $32.80 · code M · owned after 35,327 · Paired event: 2,286 Option 09/13/2018 → 2,286 Common Stock ·
  • Table I · Common Stock: 1,548 shares at $45.21 · code M · owned after 35,942 · Paired event: 1,548 Option 09/08/2017 → 1,548 Common Stock ·
  • Table I · Common Stock: 2,617 shares at $24.98 · code M · owned after 37,688 · Paired event: 2,617 Option 01/15/2019 → 2,617 Common Stock ·
Kammes Stacy MarieVP Talent, Customer ExperiencePayment of exercise price or tax liability (F)Table I · Disposed · Common Stock3,436$80.37$276,151See lot detailSep 4, 2026
3 filed lots
  • Table I · Common Stock: 933 shares at $80.37 · code F · owned after 34,394 ·
  • Table I · Common Stock: 871 shares at $80.37 · code F · owned after 35,071 ·
  • Table I · Common Stock: 1,632 shares at $80.37 · code F · owned after 36,056 ·
Kammes Stacy MarieVP Talent, Customer ExperienceExercise or conversion of derivative security (M)Table II · Disposed · Option 09/13/2018 · 1 paired event2,286—Exercise or conversion of derivative security (M)—0Sep 4, 2026
1 filed lot
  • Table II · Option 09/13/2018: 2,286 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 2,286 Option 09/13/2018 → 2,286 Common Stock ·
Kammes Stacy MarieVP Talent, Customer ExperienceExercise or conversion of derivative security (M)Table II · Disposed · Option 09/08/2017 · 1 paired event1,548—Exercise or conversion of derivative security (M)—0Sep 4, 2026
1 filed lot
  • Table II · Option 09/08/2017: 1,548 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 1,548 Option 09/08/2017 → 1,548 Common Stock ·
Kammes Stacy MarieVP Talent, Customer ExperienceExercise or conversion of derivative security (M)Table II · Disposed · Option 01/15/2019 · 1 paired event2,617—Exercise or conversion of derivative security (M)—0Sep 4, 2026
1 filed lot
  • Table II · Option 01/15/2019: 2,617 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 2,617 Option 01/15/2019 → 2,617 Common Stock ·
Creekmuir William S.DirectorOpen-market or private sale (S)Table I · Disposed · Common Stock3,100$81.578$252,89223,176Sep 4, 2026
1 filed lot
  • Table I · Common Stock: 3,100 shares at $81.578 · code S · owned after 23,176 ·
Culbreth Michael ScottDirectorOpen-market or private sale (S)Table I · Disposed · Common Stock4,000$80.8495$323,398See lot detailSep 3, 2026
2 filed lots
  • Table I · Common Stock: 2,658 shares at $80.6918 · code S · owned after 11,076.023 ·
  • Table I · Common Stock: 1,342 shares at $81.1617 · code S · owned after 9,734.023 ·
McClaflin Michael JosephChief Information OfficerOpen-market or private sale (S)Table I · Disposed · Common Stock2,500$81.45$203,625See lot detailSep 1, 2026
5 filed lots
  • Table I · Common Stock: 500 shares at $81.75 · code S · owned after 38,026 ·
  • Table I · Common Stock: 500 shares at $81.25 · code S · owned after 37,526 ·
  • Table I · Common Stock: 500 shares at $82.00 · code S · owned after 37,026 ·
  • Table I · Common Stock: 500 shares at $81.00 · code S · owned after 36,526 ·
  • Table I · Common Stock: 500 shares at $81.25 · code S · owned after 36,026 ·
Creekmuir William S.DirectorOpen-market or private sale (S)Table I · Disposed · Common Stock3,008$81.5449$245,287See lot detailSep 1, 2026
2 filed lots
  • Table I · Common Stock: 1,208 shares at $82.0023 · code S · owned after 28,076 ·
  • Table I · Common Stock: 1,800 shares at $81.238 · code S · owned after 26,276 ·
McClaflin Michael JosephChief Information OfficerOpen-market or private sale (S)Table I · Disposed · Common Stock2,500$79.57$198,925See lot detailAug 31, 2026
5 filed lots
  • Table I · Common Stock: 500 shares at $79.75 · code S · owned after 40,526 ·
  • Table I · Common Stock: 500 shares at $79.50 · code S · owned after 40,026 ·
  • Table I · Common Stock: 500 shares at $79.60 · code S · owned after 39,526 ·
  • Table I · Common Stock: 500 shares at $79.50 · code S · owned after 39,026 ·
  • Table I · Common Stock: 500 shares at $79.50 · code S · owned after 38,526 ·
Creekmuir William S.DirectorOpen-market or private sale (S)Table I · Disposed · Common Stock3,100$81.8538$253,74729,284Aug 28, 2026
1 filed lot
  • Table I · Common Stock: 3,100 shares at $81.8538 · code S · owned after 29,284 ·
Ressler Michael JCFOExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 2 paired events2,298$36.9799$84,980See lot detailAug 28, 2026
2 filed lots
  • Table I · Common Stock: 774 shares at $45.21 · code M · owned after 21,417 · Paired event: 774 Option 09/08/2017 → 774 Common Stock ·
  • Table I · Common Stock: 1,524 shares at $32.80 · code M · owned after 22,513 · Paired event: 1,524 Option 09/13/2018 → 1,524 Common Stock ·
Ressler Michael JCFOPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock1,039$81.80$84,990See lot detailAug 28, 2026
2 filed lots
  • Table I · Common Stock: 428 shares at $81.80 · code F · owned after 20,989 ·
  • Table I · Common Stock: 611 shares at $81.80 · code F · owned after 21,902 ·
Ressler Michael JCFOExercise or conversion of derivative security (M)Table II · Disposed · Option 09/08/2017 · 1 paired event774—Exercise or conversion of derivative security (M)—0Aug 28, 2026
1 filed lot
  • Table II · Option 09/08/2017: 774 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 774 Option 09/08/2017 → 774 Common Stock ·
Ressler Michael JCFOExercise or conversion of derivative security (M)Table II · Disposed · Option 09/13/2018 · 1 paired event1,524—Exercise or conversion of derivative security (M)—0Aug 28, 2026
1 filed lot
  • Table II · Option 09/13/2018: 1,524 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 1,524 Option 09/13/2018 → 1,524 Common Stock ·
McClaflin Michael JosephChief Information OfficerOpen-market or private sale (S)Table I · Disposed · Common Stock2,000$82.9375$165,875See lot detailAug 28, 2026
4 filed lots
  • Table I · Common Stock: 500 shares at $83.75 · code S · owned after 42,526 ·
  • Table I · Common Stock: 500 shares at $82.25 · code S · owned after 42,026 ·
  • Table I · Common Stock: 500 shares at $82.75 · code S · owned after 41,526 ·
  • Table I · Common Stock: 500 shares at $83.00 · code S · owned after 41,026 ·
Kammes Stacy MarieVP Talent, Customer ExperienceOpen-market or private sale (S)Table I · Disposed · Common Stock2,250$81.0043$182,260See lot detailAug 21, 2026
3 filed lots
  • Table I · Common Stock: 1,654 shares at $80.9372 · code S · owned after 28,761 ·
  • Table I · Common Stock: 415 shares at $81.1898 · code S · owned after 28,346 ·
  • Table I · Common Stock: 181 shares at $81.1922 · code S · owned after 28,165 ·
Crimmins David EdwardChief Growth OfficerOpen-market or private sale (S)Table I · Disposed · Common Stock4,494$80.9118$363,618See lot detailAug 21, 2026
13 filed lots
  • Table I · Common Stock: 509 shares at $81.037 · code S · owned after 32,429 ·
  • Table I · Common Stock: 500 shares at $80.7324 · code S · owned after 31,829 ·
  • Table I · Common Stock: 100 shares at $80.7373 · code S · owned after 32,329 ·
  • Table I · Common Stock: 500 shares at $80.5683 · code S · owned after 31,329 ·
  • Table I · Common Stock: 500 shares at $80.5358 · code S · owned after 30,829 ·
  • Table I · Common Stock: 385 shares at $80.8111 · code S · owned after 30,444 ·
  • Table I · Common Stock: 250 shares at $80.9065 · code S · owned after 30,194 ·
  • Table I · Common Stock: 250 shares at $81.50 · code S · owned after 34,438 ·
  • Table I · Common Stock: 250 shares at $81.50 · code S · owned after 34,188 ·
  • Table I · Common Stock: 250 shares at $81.04 · code S · owned after 33,938 ·
  • Table I · Common Stock: 350 shares at $81.0296 · code S · owned after 33,588 ·
  • Table I · Common Stock: 400 shares at $81.0297 · code S · owned after 33,188 ·
  • Table I · Common Stock: 250 shares at $81.0273 · code S · owned after 32,938 ·
McClaflin Michael JosephChief Information OfficerOpen-market or private sale (S)Table I · Disposed · Common Stock500$79.66$39,83035,897Aug 20, 2026
1 filed lot
  • Table I · Common Stock: 500 shares at $79.66 · code S · owned after 35,897 ·
Crimmins David EdwardChief Growth OfficerOpen-market or private sale (S)Table I · Disposed · Common Stock1,262$79.0243$99,729See lot detailAug 20, 2026
4 filed lots
  • Table I · Common Stock: 250 shares at $79.50 · code S · owned after 35,700 ·
  • Table I · Common Stock: 250 shares at $80.00 · code S · owned after 35,450 ·
  • Table I · Common Stock: 341 shares at $78.7481 · code S · owned after 35,109 ·
  • Table I · Common Stock: 421 shares at $78.3862 · code S · owned after 34,688 ·
Schmidt Derek PDirector, President & CEOGrant, award, or other acquisition (A)Table I · Acquired · Common Stock27,480—Grant, award, or other acquisition (A)—190,139Aug 19, 2026
1 filed lot
  • Table I · Common Stock: 27,480 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 190,139 ·
Schmidt Derek PDirector, President & CEOPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock11,858$78.17$926,940178,281Aug 19, 2026
1 filed lot
  • Table I · Common Stock: 11,858 shares at $78.17 · code F · owned after 178,281 ·
Ressler Michael JCFOGrant, award, or other acquisition (A)Table I · Acquired · Common Stock4,246—Grant, award, or other acquisition (A)—22,476Aug 19, 2026
1 filed lot
  • Table I · Common Stock: 4,246 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 22,476 ·
Ressler Michael JCFOPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock1,833$78.17$143,28620,643Aug 19, 2026
1 filed lot
  • Table I · Common Stock: 1,833 shares at $78.17 · code F · owned after 20,643 ·
McClaflin Michael JosephChief Information OfficerGrant, award, or other acquisition (A)Table I · Acquired · Common Stock13,482—Grant, award, or other acquisition (A)—49,379Aug 19, 2026
1 filed lot
  • Table I · Common Stock: 13,482 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 49,379 ·
McClaflin Michael JosephChief Information OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock6,353$78.17$496,61443,026Aug 19, 2026
1 filed lot
  • Table I · Common Stock: 6,353 shares at $78.17 · code F · owned after 43,026 ·
Kammes Stacy MarieVP Talent, Customer ExperienceGrant, award, or other acquisition (A)Table I · Acquired · Common Stock8,923—Grant, award, or other acquisition (A)—37,088Aug 19, 2026
1 filed lot
  • Table I · Common Stock: 8,923 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 37,088 ·
Kammes Stacy MarieVP Talent, Customer ExperiencePayment of exercise price or tax liability (F)Table I · Disposed · Common Stock4,047$78.17$316,35433,041Aug 19, 2026
1 filed lot
  • Table I · Common Stock: 4,047 shares at $78.17 · code F · owned after 33,041 ·
Crimmins David EdwardChief Growth OfficerGrant, award, or other acquisition (A)Table I · Acquired · Common Stock14,433—Grant, award, or other acquisition (A)—44,627Aug 19, 2026
1 filed lot
  • Table I · Common Stock: 14,433 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 44,627 ·
Crimmins David EdwardChief Growth OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock6,449$78.17$504,11838,178Aug 19, 2026
1 filed lot
  • Table I · Common Stock: 6,449 shares at $78.17 · code F · owned after 38,178 ·

Source-event as of . Retrieved .

Track record

How FLEXSTEEL INDUSTRIES, INC.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

Point-in-time scores 2011–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored FLXS on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score100200500Indexed price · log scale (2012 = 100)201120142017202020232026

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the reconstructed history shown, FLXS did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.

Materials context

#96 of 310 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #94MLM MARTIN MARIETTA MATERIALS INC49.9Shallow moat
  2. #95CHRD Chord Energy Corporation49.7Shallow moat
  3. #97APOG APOGEE ENTERPRISES, INC.49.3Shallow moat
  4. #98SOLS Solstice Advanced Materials Inc.49.2Shallow moat

Compare FLXS with its nearest peers →All Materials companies on the Index →

Common questions about FLXS

Does FLEXSTEEL INDUSTRIES, INC. have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores FLEXSTEEL INDUSTRIES, INC. (FLXS) 49.6 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 62, pricing power 19, returns on capital 23, balance-sheet safety 73, capital allocation 71.
Is FLXS trading below the conservative owner-earnings estimate?
The value if growth stopped today — a zero-growth baseline — is $39.98 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $86.77, that is 117% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
How has FLXS's Moat Score changed over time?
The record logs 28 readings since Jul 17, 2026; the latest reads 49.6 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell FLXS. See the disclaimer.