Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 356.3M
Gross Profit 207.6M 58.25%
Operating Income 197.8M 55.51%
Net Income 117.7M 33.02%
EPS (Diluted) $2.18

Balance Sheet Metrics

Total Assets 2.7B
Total Liabilities 1.9B
Shareholders Equity 806.6M
Debt to Equity 2.31

Cash Flow Metrics

Operating Cash Flow 183.1M
Free Cash Flow 182.8M

Revenue & Profitability Trend

Flex LNG Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue356.3M371.0M347.9M343.4M164.5M
Cost of Goods Sold148.8M143.4M138.2M134.4M82.5M
Gross Profit207.6M227.6M209.8M209.0M81.9M
Operating Expenses9.8M10.5M9.1M7.9M6.3M
Operating Income197.8M217.2M200.6M201.2M75.6M
Pre-tax Income117.8M120.1M188.1M162.3M8.2M
Income Tax132.0K78.0K98.0K99.0K84.0K
Net Income117.7M120.0M188.0M162.2M8.1M
EPS (Diluted)$2.18$2.22$3.51$3.04$0.15

Income Statement Trend

Flex LNG Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets474.4M443.1M354.0M224.9M157.8M
Non-Current Assets2.2B2.3B2.3B2.3B2.1B
Total Assets2.7B2.7B2.7B2.6B2.3B
Liabilities
Current Liabilities158.8M153.3M153.2M131.6M131.8M
Non-Current Liabilities1.7B1.7B1.6B1.6B1.3B
Total Liabilities1.9B1.9B1.8B1.7B1.5B
Equity
Total Shareholders Equity806.6M847.7M907.1M889.4M835.2M

Balance Sheet Composition

Flex LNG Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income117.7M120.0M188.0M162.2M8.1M
Operating Cash Flow183.1M157.7M282.1M239.1M79.3M
Investing Activities
Capital Expenditures-4.0K-2.0K-5.0K-265.9M-691.4M
Investing Cash Flow-4.0K-2.0K-5.0K-265.9M-691.4M
Financing Activities
Dividends Paid-161.7M-181.2M-186.1M-98.9M-10.8M
Financing Cash Flow-155.6M-1.7B-502.8M-174.8M554.0M
Free Cash Flow182.8M175.0M219.9M-51.1M-602.1M

Cash Flow Trend

Flex LNG Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 12.10
Forward P/E 11.19
Price to Book 1.59
Price to Sales 3.53
PEG Ratio -5.42

Profitability Ratios

Profit Margin 29.10%
Operating Margin 53.43%
Return on Equity 12.69%
Return on Assets 4.55%

Financial Health

Current Ratio 2.77
Debt to Equity 227.28
Beta 0.48

Per Share Data

EPS (TTM) $1.91
Book Value per Share $14.51
Revenue per Share $6.57

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
flng1.2B12.101.5912.69%29.10%227.28
Enbridge 96.4B22.241.569.46%10.33%144.81
Williams Companies 73.9B32.525.9316.20%20.61%184.40
International 2.0B6.191.0617.57%37.39%32.85
DHT Holdings 1.8B10.201.7116.95%31.72%34.74
CMB Tech N.V 1.7B4.001.3418.23%44.88%205.74

Financial data is updated regularly. All figures are in the company's reporting currency.