INOD vs. FLEX

Last updated Apr 1, 2026

Compare and contrast key facts about Innodata Inc. (INOD) and Flex Ltd. (FLEX).

Performance

INOD vs. FLEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innodata Inc. (INOD) and Flex Ltd. (FLEX). The values are adjusted to include any dividend payments, if applicable.

INOD vs. FLEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INOD Innodata Inc.	-24.20%	28.92%	385.50%	174.54%	-49.92%	11.70%	364.91%	-24.00%	10.29%	-44.49%
FLEX Flex Ltd.	8.34%	57.38%	127.87%	41.94%	17.08%	1.95%	42.47%	65.83%	-57.70%	25.19%

Fundamentals

Market Cap INOD : $1.37B FLEX : $24.61B
EPS INOD : $0.91 FLEX : $2.25
PE Ratio INOD : 42.42 FLEX : 29.12
PEG Ratio INOD : 0.01 FLEX : 1.58
PS Ratio INOD : 5.42K FLEX : 0.92
PB Ratio INOD : 12.79 FLEX : 4.81
Total Revenue (TTM) INOD : $251.70K FLEX : $26.84B
Gross Profit (TTM) INOD : $99.50K FLEX : $2.43B
EBITDA (TTM) INOD : $33.85M FLEX : $1.77B

Returns By Period

In the year-to-date period, INOD achieves a -24.20% return, which is significantly lower than FLEX's 8.34% return. Over the past 10 years, INOD has outperformed FLEX with an annualized return of 32.88%, while FLEX has yielded a comparatively lower 25.49% annualized return.

INOD

• 1D: 12.10%
• 1M: -12.57%
• YTD: -24.20%
• 6M: -49.89%
• 1Y: 7.58%
• 3Y*: 65.37%
• 5Y*: 42.30%
• 10Y*: 32.88%

FLEX

• 1D: 8.07%
• 1M: 3.87%
• YTD: 8.34%
• 6M: 12.92%
• 1Y: 97.88%
• 3Y*: 72.62%
• 5Y*: 45.18%
• 10Y*: 25.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

INOD vs. FLEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INOD

INOD Risk / Return Rank: 46
INOD Sharpe Ratio Rank: 45
INOD Sortino Ratio Rank: 50
INOD Omega Ratio Rank: 48
INOD Calmar Ratio Rank: 44
INOD Martin Ratio Rank: 44

FLEX

FLEX Risk / Return Rank: 90
FLEX Sharpe Ratio Rank: 91
FLEX Sortino Ratio Rank: 85
FLEX Omega Ratio Rank: 86
FLEX Calmar Ratio Rank: 93
FLEX Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INOD vs. FLEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innodata Inc. (INOD) and Flex Ltd. (FLEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	INOD	FLEX	Difference
Sharpe ratio Return per unit of total volatility	0.09	2.03	-1.94
Sortino ratio Return per unit of downside risk	0.77	2.41	-1.64
Omega ratio Gain probability vs. loss probability	1.09	1.34	-0.25
Calmar ratio Return relative to maximum drawdown	0.05	4.49	-4.44
Martin ratio Return relative to average drawdown	0.11	12.15	-12.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INOD vs. FLEX - Sharpe Ratio Comparison

The current INOD Sharpe Ratio is 0.09, which is lower than the FLEX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of INOD and FLEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	INOD	FLEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	2.03	-1.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	1.06	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.59	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.26	-0.16

Correlation

The correlation between INOD and FLEX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

INOD vs. FLEX - Dividend Comparison

Neither INOD nor FLEX has paid dividends to shareholders.

	TTM	2025	2024
INOD Innodata Inc.	0.00%	0.00%	0.00%
FLEX Flex Ltd.	0.00%	0.00%	21.00%

Drawdowns

INOD vs. FLEX - Drawdown Comparison

The maximum INOD drawdown since its inception was -95.47%, roughly equal to the maximum FLEX drawdown of -96.37%. Use the drawdown chart below to compare losses from any high point for INOD and FLEX.

Drawdown Indicators

	INOD	FLEX	Difference
Max Drawdown Largest peak-to-trough decline	-95.47%	-96.37%	+0.90%
Max Drawdown (1Y) Largest decline over 1 year	-63.03%	-21.68%	-41.35%
Max Drawdown (5Y) Largest decline over 5 years	-74.44%	-39.99%	-34.45%
Max Drawdown (10Y) Largest decline over 10 years	-74.44%	-70.02%	-4.42%
Current Drawdown Current decline from peak	-58.56%	-9.18%	-49.38%
Average Drawdown Average peak-to-trough decline	-60.25%	-55.55%	-4.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.29%	8.01%	+22.28%

Volatility

INOD vs. FLEX - Volatility Comparison

Innodata Inc. (INOD) and Flex Ltd. (FLEX) have volatilities of 20.66% and 19.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INOD	FLEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.66%	19.86%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	56.42%	36.56%	+19.86%
Volatility (1Y) Calculated over the trailing 1-year period	86.43%	48.46%	+37.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.02%	42.85%	+55.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.00%	43.49%	+40.51%

Financials

INOD vs. FLEX - Profitability Comparison

The chart below illustrates the profitability comparison between Innodata Inc. and Flex Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

INOD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Innodata Inc. reported a gross profit of -72.28M and revenue of -179.04M. Therefore, the gross margin over that period was 40.4%.

FLEX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Flex Ltd. reported a gross profit of 679.00M and revenue of 7.06B. Therefore, the gross margin over that period was 9.6%.

INOD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Innodata Inc. reported an operating income of -28.12M and revenue of -179.04M, resulting in an operating margin of 15.7%.

FLEX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Flex Ltd. reported an operating income of 389.00M and revenue of 7.06B, resulting in an operating margin of 5.5%.

INOD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Innodata Inc. reported a net income of 8.83M and revenue of -179.04M, resulting in a net margin of -4.9%.

FLEX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Flex Ltd. reported a net income of 239.00M and revenue of 7.06B, resulting in a net margin of 3.4%.