Earnings Summary

Omega Flex Inc’s revenue fell -18.62% since last year same period to $25.84Mn in the Q2 2023. On a quarterly growth basis, Omega Flex Inc has generated -13.85% fall in its revenue since last 3-months.

Omega Flex Inc’s net profit fell -16.4% since last year same period to $4.56Mn in the Q2 2023. On a quarterly growth basis, Omega Flex Inc has generated -20.65% fall in its net profits since last 3-months.

Omega Flex Inc’s net profit margin jumped 2.73% since last year same period to 17.63% in the Q2 2023. On a quarterly growth basis, Omega Flex Inc has generated -7.9% fall in its net profit margins since last 3-months.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Omega Flex Inc’s return on assets (ROA) stands at 0.2.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Omega Flex Inc’s return on equity (ROE) stands at 0.33.