Flex LNG (FLNG) | Financial Analysis & Statements

Flex LNG Ltd. | Small-cap | Energy

$22.71

-2.45%

Flex LNG vs Enbridge Flex LNG vs Williams Companies Flex LNG vs International Flex LNG vs DHT Holdings Flex LNG vs CMB Tech N.V Flex LNG vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

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

Interactive Financial Charts Not Available

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Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Flex LNG Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	356.3M	371.0M	347.9M	343.4M	164.5M
Cost of Goods Sold	148.8M	143.4M	138.2M	134.4M	82.5M
Gross Profit	207.6M	227.6M	209.8M	209.0M	81.9M
Operating Expenses	9.8M	10.5M	9.1M	7.9M	6.3M
Operating Income	197.8M	217.2M	200.6M	201.2M	75.6M
Pre-tax Income	117.8M	120.1M	188.1M	162.3M	8.2M
Income Tax	132.0K	78.0K	98.0K	99.0K	84.0K
Net Income	117.7M	120.0M	188.0M	162.2M	8.1M
EPS (Diluted)	$2.18	$2.22	$3.51	$3.04	$0.15

Income Statement Trend

Flex LNG Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	474.4M	443.1M	354.0M	224.9M	157.8M
Non-Current Assets	2.2B	2.3B	2.3B	2.3B	2.1B
Total Assets	2.7B	2.7B	2.7B	2.6B	2.3B
Liabilities
Current Liabilities	158.8M	153.3M	153.2M	131.6M	131.8M
Non-Current Liabilities	1.7B	1.7B	1.6B	1.6B	1.3B
Total Liabilities	1.9B	1.9B	1.8B	1.7B	1.5B
Equity
Total Shareholders Equity	806.6M	847.7M	907.1M	889.4M	835.2M

Balance Sheet Composition

Flex LNG Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	117.7M	120.0M	188.0M	162.2M	8.1M
Operating Cash Flow	183.1M	157.7M	282.1M	239.1M	79.3M
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	-174.8M	554.0M
Free Cash Flow	182.8M	175.0M	219.9M	-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

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
flng	1.2B	12.10	1.59	12.69%	29.10%	227.28
Enbridge	96.4B	22.24	1.56	9.46%	10.33%	144.81
Williams Companies	73.9B	32.52	5.93	16.20%	20.61%	184.40
International	2.0B	6.19	1.06	17.57%	37.39%	32.85
DHT Holdings	1.8B	10.20	1.71	16.95%	31.72%	34.74
CMB Tech N.V	1.7B	4.00	1.34	18.23%	44.88%	205.74

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