• Flex average pre-tax profit margin for 2023 was 2.46%, a 23.36% increase from 2022.
• Flex average pre-tax profit margin for 2022 was 3.21%, a 23.93% decline from 2021.
• Flex average pre-tax profit margin for 2021 was 4.22%, a 139.77% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.