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FLEXIBLE SOLUTIONS INTERNATIONAL INC

FSI Clue Score40
British Columbia, Canada Fiscal year ends December CIK 0001069394
$6.05 +0.00% Close, 9 Oct 2026
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Price $6.05 +79.53% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue16.2Operating income3.1Net income1.8EPS, diluted0.15Fiscal year 2017Revenue15.5 −4.6%Operating income1.5Net income1.8 −2.2%EPS, diluted0.15 +0.0%Fiscal year 2018Revenue17.8 +15.1%Operating income1.3Net income2.5 +41.9%Fiscal year 2019Revenue27.4 +53.9%Operating income1.9Net income1.9 −23.2%Fiscal year 2020Revenue31.4 +14.5%Operating income4.1Net income3.0 +55.7%Fiscal year 2021Revenue34.4 +9.6%Operating income5.5Net income3.4 +15.9%EPS, diluted0.28Fiscal year 2022Revenue45.8 +33.2%Operating income7.1Net income7.0 +103.6%EPS, diluted0.56 +100.0%Fiscal year 2023Revenue38.3 −16.4%Operating income3.5Net income2.8 −60.5%EPS, diluted0.22 −60.7%Fiscal year 2024Revenue38.2 −0.2%Operating income5.5Net income3.0 +9.5%EPS, diluted0.24 +9.1%Fiscal year 2025Revenue38.5 +0.7%Operating income4.6Net income0.8 −74.1%EPS, diluted0.06 −75.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 16.2 15.5 17.8 27.4 31.4 34.4 45.8 38.3 38.2 38.5
Growth −4.6% +15.1% +53.9% +14.5% +9.6% +33.2% −16.4% −0.2% +0.7%
Operating income 3.1 1.5 1.3 1.9 4.1 5.5 7.1 3.5 5.5 4.6
Net income 1.8 1.8 2.5 1.9 3.0 3.4 7.0 2.8 3.0 0.8
Growth −2.2% +41.9% −23.2% +55.7% +15.9% +103.6% −60.5% +9.5% −74.1%
EPS, diluted 0.15 0.15 n/a n/a n/a 0.28 0.56 0.22 0.24 0.06
Growth +0.0% +100.0% −60.7% +9.1% −75.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin43.0%Operating margin19.0%Net margin11.0%Free cash flow margin10.2%Fiscal year 2017Gross margin38.6%Operating margin9.8%Net margin11.3%Free cash flow margin4.0%Fiscal year 2018Gross margin31.6%Operating margin7.3%Net margin14.0%Free cash flow margin−13.5%Fiscal year 2019Gross margin31.4%Operating margin7.0%Net margin7.0%Free cash flow margin2.0%Fiscal year 2020Gross margin31.1%Operating margin13.1%Net margin9.5%Free cash flow margin14.7%Fiscal year 2021Gross margin33.1%Operating margin15.9%Net margin10.0%Free cash flow margin10.9%Fiscal year 2022Gross margin30.3%Operating margin15.4%Net margin15.3%Free cash flow margin−1.1%Fiscal year 2023Gross margin27.2%Operating margin9.1%Net margin7.2%Free cash flow margin2.9%Fiscal year 2024Gross margin34.6%Operating margin14.4%Net margin7.9%Free cash flow margin1.6%Fiscal year 2025Gross margin32.6%Operating margin11.9%Net margin2.0%Free cash flow margin−1.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 43.0% 38.6% 31.6% 31.4% 31.1% 33.1% 30.3% 27.2% 34.6% 32.6%
Operating margin 19.0% 9.8% 7.3% 7.0% 13.1% 15.9% 15.4% 9.1% 14.4% 11.9%
Net margin 11.0% 11.3% 14.0% 7.0% 9.5% 10.0% 15.3% 7.2% 7.9% 2.0%
Free cash flow margin 10.2% 4.0% −13.5% 2.0% 14.7% 10.9% −1.1% 2.9% 1.6% −1.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.8Capital expenditure−0.1Free cash flow1.7Buybacks−1.6Fiscal year 2017Operating cash flow1.0Capital expenditure−0.4Free cash flow0.6 −62.9%Fiscal year 2018Operating cash flow−2.2Capital expenditure−0.2Free cash flow−2.4 −491.4%Fiscal year 2019Operating cash flow2.4Capital expenditure−1.8Free cash flow0.5Dividends paid−2.4Fiscal year 2020Operating cash flow5.7Capital expenditure−1.1Free cash flow4.6 +758.6%Fiscal year 2021Operating cash flow4.5Capital expenditure−0.8Free cash flow3.8 −18.8%Fiscal year 2022Operating cash flow1.5Capital expenditure−2.0Free cash flow−0.5 −113.4%Fiscal year 2023Operating cash flow6.1Capital expenditure−5.0Free cash flow1.1Dividends paid−0.6Fiscal year 2024Operating cash flow5.6Capital expenditure−5.0Free cash flow0.6 −46.4%Dividends paid−1.3Fiscal year 2025Operating cash flow3.8Capital expenditure−4.4Free cash flow−0.6 −198.0%Dividends paid−1.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.8 1.0 −2.2 2.4 5.7 4.5 1.5 6.1 5.6 3.8
Capital expenditure −0.1 −0.4 −0.2 −1.8 −1.1 −0.8 −2.0 −5.0 −5.0 −4.4
Free cash flow 1.7 0.6 −2.4 0.5 4.6 3.8 −0.5 1.1 0.6 −0.6
Growth −62.9% −491.4% +758.6% −18.8% −113.4% −46.4% −198.0%
Buybacks −1.6 n/a n/a n/a n/a n/a n/a n/a n/a n/a
Dividends paid n/a n/a n/a −2.4 n/a n/a n/a −0.6 −1.3 −1.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash2.5Total debt0.6Net cash (debt)1.9Shareholders’ equity12.5Debt to equity0.04Fiscal year 2017Cash6.9Total debt0.4Net cash (debt)6.6Shareholders’ equity14.9Debt to equity0.02Fiscal year 2018Cash7.9Total debt4.4Net cash (debt)3.5Shareholders’ equity17.1Debt to equity0.26Fiscal year 2019Cash3.6Total debt4.4Net cash (debt)−0.7Shareholders’ equity17.9Debt to equity0.24Fiscal year 2020Cash3.5Total debt3.8Net cash (debt)−0.4Shareholders’ equity21.2Debt to equity0.18Fiscal year 2021Cash5.7Total debt2.4Net cash (debt)3.3Shareholders’ equity25.1Debt to equity0.09Fiscal year 2022Cash6.1Total debt6.2Net cash (debt)−0.0Shareholders’ equity32.6Debt to equity0.19Fiscal year 2023Cash5.0Total debt6.9Net cash (debt)−1.9Shareholders’ equity35.2Debt to equity0.20Fiscal year 2024Cash7.6Total debt8.8Net cash (debt)−1.1Shareholders’ equity38.0Debt to equity0.23Fiscal year 2025Total debt4.4Shareholders’ equity38.9Debt to equity0.11
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.5 6.9 7.9 3.6 3.5 5.7 6.1 5.0 7.6 n/a
Total debt 0.6 0.4 4.4 4.4 3.8 2.4 6.2 6.9 8.8 4.4
Net cash (debt) 1.9 6.6 3.5 −0.7 −0.4 3.3 −0.0 −1.9 −1.1 n/a
Shareholders’ equity 12.5 14.9 17.1 17.9 21.2 25.1 32.6 35.2 38.0 38.9
Debt to equity 0.04 0.02 0.26 0.24 0.18 0.09 0.19 0.20 0.23 0.11

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
16.2 15.5 17.8 27.4 31.4 34.4 45.8 38.3 38.2 38.5
Growth −4.6% +15.1% +53.9% +14.5% +9.6% +33.2% −16.4% −0.2% +0.7%
9.3 9.5 12.2 18.8 21.6 23.0 32.0 27.9 25.0 26.0
7.0 6.0 5.6 8.6 9.8 11.4 13.9 10.4 13.2 12.5
Growth −14.4% −5.8% +52.9% +13.3% +16.7% +21.7% −24.7% +26.8% −5.3%
0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.3 0.6
n/a n/a n/a n/a n/a n/a n/a n/a 2.9 3.6
3.1 1.5 1.3 1.9 4.1 5.5 7.1 3.5 5.5 4.6
Growth −51.0% −13.5% +46.0% +115.8% +33.2% +28.6% −50.3% +57.4% −16.6%
3.1 3.4 3.1 2.3 5.2 6.7 7.9 3.6 5.0 3.3
1.0 0.7 0.5 0.0 1.6 2.4 0.1 −0.1 0.9 0.9
1.8 1.8 2.5 1.9 3.0 3.4 7.0 2.8 3.0 0.8
Growth −2.2% +41.9% −23.2% +55.7% +15.9% +103.6% −60.5% +9.5% −74.1%
Per share
0.16 0.15 n/a n/a n/a 0.28 0.57 0.22 0.24 0.06
0.15 0.15 n/a n/a n/a 0.28 0.56 0.22 0.24 0.06
Growth +0.0% +100.0% −60.7% +9.1% −75.0%
11.5 11.5 11.6 11.9 12.2 12.3 12.4 12.4 12.5 12.6
11.6 11.7 11.8 12.1 12.3 12.5 12.5 12.5 12.7 13.6
Growth +0.8% +0.8% +2.3% +1.8% +1.6% −0.3% +0.2% +1.5% +7.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 4.2% a year over five years, and earnings per share fell 16.7% a year.
  • The diluted share count rose 10.5% in five years, which is dilution.
  • Operating margin is down 1.2 points on five years ago, at 11.9%.
  • Profitable in every one of the 10 years on file.