Company Analysis

Flexible Solutions International, Inc. (FSI)

NYSE: FSI · Miscellaneous Chemical Products · Victoria B C, BC · filing with the SEC since 2000
Grade5.1
◀ Past 4.3● Present 5.4▶ Future 5.4
1 est.

The grade of Flexible Solutions International, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.1/10
◀ Past4.330% of the headline
● Present5.440% of the headline
▶ Future5.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.3/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
0.6/10

Has it survived what it has been through?

7 warning events since 2017; the latest 2026-06-08.

weight 33% of this tense · 6th percentile among 9 sector filers · read for itself

From the record

Flexible Solutions International, Inc.'s filings since 2017 show 7 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2020-01-09); an auditor change (8-K item 4.01, 4 times, the latest 2026-06-08); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2026-03-31) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.0/10

What has it actually done, year after year?

+12.1% a year over 9 filed years; profitable in 9 of 9.

weight 45% of this tense · 70th percentile among 9 sector filers · read for its customers

From the record

Flexible Solutions International, Inc.'s 9 filed years say what it did: revenue went from $15 million in fiscal 2017 to $39 million in fiscal 2025, up 12.1% a year; it rose in 6 of 8 years; the deepest fall was 17% from fiscal 2022 to fiscal 2024; net income was positive in 9 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span12.1%top 31% of its family
  • the share of years revenue rosetop 39% of its family
  • the share of filed years with a profittop 11% of its family
  • the deepest fall from a revenue peak16.6%top 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.6/10

How has it treated the people who own it?

Share count grew 0.7% a year. 20% of cash flow returned. Insiders: 5 sales, 0 purchases.

weight 22% of this tense · 46th percentile among 6 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Flexible Solutions International, Inc.'s diluted share count grew about 0.7% a year, and dividends and buybacks returned about 20% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 5 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 50% of its family
  • cash returned against operating cash flowbottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.4/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.6/10

Is it financially healthy right now?

ROE 2%: 2¢ of profit per shareholder dollar. Leverage 37%: owes 37¢ per asset dollar.

weight 45% of this tense · 56th percentile among 9 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Flexible Solutions International, Inc. earned about 2 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 20 cents per dollar of everything the company owns. Leverage: it owed about 37 cents per dollar of assets, and net share issuance: its share count grew 1.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 28% of its family
  • return on equitytop 50% of its family
  • gross profit against assetstop 50% of its family
  • the share count against the year beforetop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.5/10

How strong is its position in its industry?

bottom 25% of 9 in its family; net margin 2%.

weight 33% of this tense · 25th percentile among 9 sector filers · read for its customers

From the record

Flexible Solutions International, Inc.'s standing among 9 graded names in its industry family: revenue of $39 million in fiscal 2025 ranks in the bottom 19% by size; a net margin of 2% ranks in the top 50%; revenue growth of -5.6% a year over the last 3 filed years ranks in the bottom 6% (its annual reports).

What it rests on

  • revenue against the family$38.5Mbottom 19% of its family
  • net margin2.0%top 50% of its family
  • three-year revenue growth-5.6%bottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
9.4/10

What are the people in charge doing?

SI estimate 9.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 94th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the chief executive's years under the title, which ranks in the top 6% of 8 in its family; fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title.
What the record cannot read
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title.
How it was reasoned
one part: the chief executive's years on the record, the one part on file, ranked among 8 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Flexible Solutions International, Inc.'s leadership is put at 9.4 of 10 with a confidence of 35 of 100, because read from one part only, the chief executive's years under the title, which ranks in the top 6% of 8 in its family; fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.2/10

How much room does it have to grow?

top 48% of 8 in its family for room to expand.

weight 45% of this tense · 52nd percentile among 8 sector filers · read for itself

From the record

Flexible Solutions International, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash from operations less capital spending is -1.5% of revenue (bottom 31%); a gross margin of 32.6% (top 31%); research spending of 1.6% of revenue (top 44%) (its annual report).

What it rests on

  • cash from operations less capital spending against revenue-1.5%bottom 31% of its family
  • gross margin32.6%top 31% of its family
  • research spending against revenue1.6%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.6/10

What could actually drive growth from here?

top 44% of 9 in its family for growth drivers.

weight 33% of this tense · 56th percentile among 9 sector filers · read for its customers

From the record

Flexible Solutions International, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -5.6% a year over the last three filed years against 12.1% over all 9, slowing (bottom 6% of its family); the newest year grew 0.7% (bottom 39%); research spending grew 83.7% a year (top 17%); capital spending grew 30.2% a year (top 6%) (its annual reports). Flexible Solutions International, Inc. reported 3 product lines in fiscal 2025: Product at $36 million (93%), Research and Development Services at $3 million (6%), Shipping and Handling at $403 thousand (1%); 0 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-17.7 points a yearbottom 6% of its family
  • the newest year's revenue growth0.7%bottom 39% of its family
  • three-year growth of research spending83.7%top 17% of its family
  • three-year growth of capital spending30.2%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.6/10

Did its newest year beat what its own record pointed to?

top 44% of 8 in its family for expectations against reality.

weight 22% of this tense · 56th percentile among 8 sector filers · read for its shareholders

From the record

Flexible Solutions International, Inc.'s newest year against its own record: revenue of $39 million in fiscal 2025 came in 10.3% above the $35 million its prior three years' pace pointed to (top 7% of its family); net income of $787 thousand against a prior three-year average of $4 million (bottom 44%); a net margin of 2% against 10.2% before (bottom 31%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace10.3%top 7% of its family
  • net income against the prior three years' average-82%bottom 44% of its family
  • net margin against its prior average-8.1 pointsbottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FSI · research, not advice