CEO Pay Ratio

The CEO pay ratio compares the chief executive’s total compensation, as reported in the Summary Compensation Table, to the total compensation of the company’s median employee. It has been a mandatory disclosure since 2018 under a rule the SEC adopted pursuant to Dodd-Frank Section 953(b).

Companies choose their own statistically valid method for identifying the median employee, which is one reason the ratio moves as much from a change in methodology as from a change in pay. A company that switches from a full-population count to a statistical sample, or changes its measurement date, can see its reported ratio shift without any executive or employee actually being paid differently.

The ratio is most informative read alongside its two halves — the CEO figure and the median figure — rather than as a single number in isolation, since the same ratio can describe a high-pay, high-median company and a high-pay, low-median one.

Flex disclosed a 3,431:1 CEO-to-median-employee pay ratio for fiscal 2026: $44,391,138 against a $12,939 median.