• Flex average pre-tax profit margin for 2023 was 2.85%, a 18.34% decline from 2022.
• Flex average pre-tax profit margin for 2022 was 3.49%, a 7.43% decline from 2021.
• Flex average pre-tax profit margin for 2021 was 3.77%, a 185.61% decline from 2020.

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