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FLEX LNG Ltd., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of December 31, 2025, its fleet consists of 13 LNG carriers in operation. The company was incorporated in 2006 and is based in Hamilton, Bermuda.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $348M | $244M | $75M | $141M | 10.4% | -2.4% | -36.4% |
| 2024 | $356M | $299M | $118M | $183M | 14.6% | -4.0% | -2.0% |
| 2023 | $371M | $302M | $120M | $175M | 14.2% | 6.6% | -36.2% |
| 2022 | $348M | $337M | $188M | $220M | 20.7% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 347.64 |
| Operating Revenue | 347.64 |
| Cost Of Revenue | 163.87 |
| Gross Profit | 183.77 |
| Operating Expense | 7.97 |
| Selling General And Administration | 7.97 |
| Total Expenses | 171.83 |
| Operating Income | 175.80 |
| Total Operating Income As Reported | 175.80 |
| EBITDA | 244.14 |
| Normalized EBITDA | 255.66 |
| EBIT | 167.52 |
| Interest Income | 4.09 |
| Interest Expense | 92.62 |
| Net Interest Income | -89.39 |
| Other Non Operating Income Expenses | - |
| Other Income Expense | -11.52 |
| Interest Income Non Operating | 4.09 |
| Interest Expense Non Operating | 92.62 |
| Net Non Operating Interest Income Expense | -89.39 |
| Pretax Income | 74.90 |
| Tax Provision | 0.08 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -0.01 |
| Net Income Continuous Operations | 74.82 |
| Net Income From Continuing And Discontinued Operation | 74.82 |
| Net Income From Continuing Operation Net Minority Interest | 74.82 |
| Net Income | 74.82 |
| Net Income Common Stockholders | 74.82 |
| Net Income Including Noncontrolling Interests | 74.82 |
| Normalized Income | 86.32 |
| Diluted NI Availto Com Stockholders | 74.82 |
| Basic Average Shares | 54.09 |
| Diluted Average Shares | 54.09 |
| Reconciled Depreciation | 76.62 |
| Reconciled Cost Of Revenue | 163.87 |
| Total Unusual Items | -11.52 |
| Total Unusual Items Excluding Goodwill | -11.52 |
| Special Income Charges | -4.07 |
| Other Special Charges | 4.07 |
| Gain On Sale Of Security | -7.45 |
| General And Administrative Expense | 7.97 |
| Other Gand A | 7.97 |
| Total Other Finance Cost | 0.85 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| FLEX LNG Ltd.this co. | FLNG | $1.6B | 21.41↑ premium | 2.23 | 10.4% | 12.30 |
| Kosmos Energy Ltd. | KOS | $1.8B | -2.56 | 3.39 | -132.4% | 26.96 |
| Dorian LPG Ltd. | LPG | $1.7B | 8.95 | 1.52 | 17.0% | 7.24 |
| RPC, Inc. | RES | $1.6B | 50.16 | 1.46 | 2.9% | 6.69 |
| Borr Drilling Limited | BORR | $1.6B | 34.64 |
| - |
| - |
| - |
| - |
| 1.28 |
| 3.7% |
| 7.37 |
| World Kinect Corporation | WKC | $1.5B | -2.49 | 1.18 | -47.3% | -3.83 |
| Nabors Industries Ltd. | NBR | $1.5B | 5.22 | 2.53 | 48.5% | 2.18 |
| ProFrac Holding Corp. | ACDC | $1.5B | -3.95 | 2.03 | -51.4% | 14.04 |
| Helix Energy Solutions Group, Inc. | HLX | $1.4B | 46.49 | 0.91 | 2.0% | 7.70 |
| Peer Median | - | 7.08 | 1.49 | 2.4% | 7.31 | |