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Stocks · Industrials · Water Transportation

Flex LNG Ltd.

FLNG Clue Score46
Bermuda Fiscal year ends December CIK 0001772253
$30.84 -2.25% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $30.84 +60.62% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 17 Jun 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue27.3Operating income−12.6Net income−10.4Fiscal year 2018Revenue77.2 +182.5%Operating income29.0Net income11.8Fiscal year 2019Revenue120.0 +55.4%Operating income55.0Net income17.0 +44.0%EPS, diluted0.31Fiscal year 2020Revenue164.5 +37.1%Operating income75.6Net income8.1 −52.2%EPS, diluted0.15 −51.6%Fiscal year 2021Revenue343.4 +108.8%Operating income201.2Net income162.2 +1,901.3%EPS, diluted3.04 +1,926.7%Fiscal year 2022Revenue347.9 +1.3%Operating income200.6Net income188.0 +15.9%EPS, diluted3.51 +15.5%Fiscal year 2023Revenue371.0 +6.6%Operating income217.2Net income120.0 −36.2%EPS, diluted2.22 −36.8%Fiscal year 2024Revenue356.3 −4.0%Operating income197.8Net income117.7 −2.0%EPS, diluted2.18 −1.8%Fiscal year 2025Revenue347.6 −2.4%Operating income175.8Net income74.8 −36.4%EPS, diluted1.38 −36.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 27.3 77.2 120.0 164.5 343.4 347.9 371.0 356.3 347.6
Growth +182.5% +55.4% +37.1% +108.8% +1.3% +6.6% −4.0% −2.4%
Operating income −12.6 29.0 55.0 75.6 201.2 200.6 217.2 197.8 175.8
Net income −10.4 11.8 17.0 8.1 162.2 188.0 120.0 117.7 74.8
Growth +44.0% −52.2% +1,901.3% +15.9% −36.2% −2.0% −36.4%
EPS, diluted n/a n/a 0.31 0.15 3.04 3.51 2.22 2.18 1.38
Growth −51.6% +1,926.7% +15.5% −36.8% −1.8% −36.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Operating margin−46.2%Net margin−38.1%Fiscal year 2018Operating margin37.6%Net margin15.3%Fiscal year 2019Operating margin45.9%Net margin14.1%Fiscal year 2020Operating margin46.0%Net margin4.9%Fiscal year 2021Operating margin58.6%Net margin47.2%Fiscal year 2022Operating margin57.7%Net margin54.0%Fiscal year 2023Operating margin58.5%Net margin32.4%Fiscal year 2024Operating margin55.5%Net margin33.0%Fiscal year 2025Operating margin50.6%Net margin21.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −46.2% 37.6% 45.9% 46.0% 58.6% 57.7% 58.5% 55.5% 50.6%
Net margin −38.1% 15.3% 14.1% 4.9% 47.2% 54.0% 32.4% 33.0% 21.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2017Operating cash flow−17.8Dividends paid0.0Fiscal year 2018Operating cash flow35.7Buybacks0.0Dividends paid0.0Fiscal year 2019Operating cash flow51.5Buybacks0.0Dividends paid−5.4Fiscal year 2020Operating cash flow89.3Buybacks−1.7Dividends paid−10.8Fiscal year 2021Operating cash flow214.8Buybacks−7.8Dividends paid−98.9Fiscal year 2022Operating cash flow219.9Buybacks0.0Dividends paid−186.1Fiscal year 2023Operating cash flow175.0Buybacks0.0Dividends paid−181.2Fiscal year 2024Operating cash flow182.8Dividends paid−161.7Fiscal year 2025Operating cash flow140.7Dividends paid−162.3
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −17.8 35.7 51.5 89.3 214.8 219.9 175.0 182.8 140.7
Buybacks n/a 0.0 0.0 −1.7 −7.8 0.0 0.0 n/a n/a
Dividends paid 0.0 0.0 −5.4 −10.8 −98.9 −186.1 −181.2 −161.7 −162.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash10.0Shareholders’ equity520.2Fiscal year 2018Cash54.9Total debt455.0Net cash (debt)−400.0Shareholders’ equity827.3Debt to equity0.55Fiscal year 2019Cash129.0Total debt778.8Net cash (debt)−649.8Shareholders’ equity839.3Debt to equity0.93Fiscal year 2020Cash128.9Total debt1,401.5Net cash (debt)−1,272.6Shareholders’ equity835.2Debt to equity1.68Fiscal year 2021Cash200.7Total debt1,633.4Net cash (debt)−1,432.8Shareholders’ equity889.4Debt to equity1.84Fiscal year 2022Cash332.3Total debt1,714.7Net cash (debt)−1,382.4Shareholders’ equity907.1Debt to equity1.89Fiscal year 2023Cash410.4Total debt1,812.1Net cash (debt)−1,401.7Shareholders’ equity847.7Debt to equity2.14Fiscal year 2024Cash437.2Total debt1,810.2Net cash (debt)−1,373.1Shareholders’ equity806.6Debt to equity2.24Fiscal year 2025Cash447.6Total debt1,848.2Net cash (debt)−1,400.6Shareholders’ equity719.3Debt to equity2.57
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 10.0 54.9 129.0 128.9 200.7 332.3 410.4 437.2 447.6
Total debt n/a 455.0 778.8 1,401.5 1,633.4 1,714.7 1,812.1 1,810.2 1,848.2
Net cash (debt) n/a −400.0 −649.8 −1,272.6 −1,432.8 −1,382.4 −1,401.7 −1,373.1 −1,400.6
Shareholders’ equity 520.2 827.3 839.3 835.2 889.4 907.1 847.7 806.6 719.3
Debt to equity n/a 0.55 0.93 1.68 1.84 1.89 2.14 2.24 2.57

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
27.3 77.2 120.0 164.5 343.4 347.9 371.0 356.3 347.6
Growth +182.5% +55.4% +37.1% +108.8% +1.3% +6.6% −4.0% −2.4%
3.4 4.6 7.5 6.3 7.9 9.1 10.5 9.8 8.0
−12.6 29.0 55.0 75.6 201.2 200.6 217.2 197.8 175.8
Growth +89.7% +37.5% +166.0% −0.3% +8.2% −8.9% −11.1%
−10.4 11.8 17.1 8.2 162.3 188.1 120.1 117.8 74.9
0.0 −0.0 0.2 0.1 0.1 0.1 0.1 0.1 0.1
−10.4 11.8 17.0 8.1 162.2 188.0 120.0 117.7 74.8
Growth +44.0% −52.2% +1,901.3% +15.9% −36.2% −2.0% −36.4%
Per share
n/a n/a 0.31 0.15 3.04 3.53 2.24 2.19 1.38
n/a n/a 0.31 0.15 3.04 3.51 2.22 2.18 1.38
Growth −51.6% +1,926.7% +15.5% −36.8% −1.8% −36.7%
30.8 40.6 54.2 54.3 53.3 53.5 54.0 54.0 54.1
Growth +31.9% +33.6% +0.0% −1.7% +0.3% +0.9% +0.1% +0.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 16.1% a year over five years, and earnings per share grew 55.9% a year.
  • The share count barely moved in five years.
  • Operating margin is up 4.6 points on five years ago, at 50.6%.
  • A net loss in 1 of 9 years on file.