Interactive Financial Charts Not Available

Flex LNG (FLNG) | Financial Analysis & Statements

Flex LNG Ltd. | Small-cap | Energy

$26.66

-0.22%

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

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 88.4M

Gross Profit 49.8M 56.29%

Operating Income 47.3M 53.43%

Net Income 18.7M 21.18%

EPS (Diluted) $0.35

Balance Sheet Metrics

Total Assets 2.6B

Total Liabilities 1.8B

Shareholders Equity 784.8M

Debt to Equity 2.35

Cash Flow Metrics

Operating Cash Flow 29.7M

Free Cash Flow 40.2M

Revenue & Profitability Trend

Interactive Financial Charts Not Available

This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

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 i	356.3M	371.0M	347.9M	343.4M	164.5M
Cost of Goods Sold i	148.8M	143.4M	138.2M	134.4M	82.5M
Gross Profit i	207.6M	227.6M	209.8M	209.0M	81.9M
Gross Margin % i	58.3%	61.4%	60.3%	60.9%	49.8%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	9.8M	10.5M	9.1M	7.9M	6.3M
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	9.8M	10.5M	9.1M	7.9M	6.3M
Operating Income i	197.8M	217.2M	200.6M	201.2M	75.6M
Operating Margin % i	55.5%	58.5%	57.7%	58.6%	46.0%
Non-Operating Items
Interest Income i	4.5M	4.9M	2.0M	41.0K	327.0K
Interest Expense i	105.6M	108.7M	76.6M	56.2M	41.8M
Other Non-Operating Income	22.2M	8.0M	63.6M	17.2M	-25.2M
Pre-tax Income i	117.8M	120.1M	188.1M	162.3M	8.2M
Income Tax i	132.0K	78.0K	98.0K	99.0K	84.0K
Effective Tax Rate % i	0.1%	0.1%	0.1%	0.1%	1.0%
Net Income i	117.7M	120.0M	188.0M	162.2M	8.1M
Net Margin % i	33.0%	32.4%	54.0%	47.2%	4.9%
Key Metrics
EBITDA i	276.7M	294.2M	273.4M	271.2M	117.0M
EPS (Basic) i	$2.19	$2.24	$3.53	$3.04	$0.15
EPS (Diluted) i	$2.18	$2.22	$3.51	$3.04	$0.15
Basic Shares Outstanding i	53851304	53697594	53198015	53319408	54099504
Diluted Shares Outstanding i	53851304	53697594	53198015	53319408	54099504

Income Statement Trend

Flex LNG Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets
Cash & Equivalents i	437.2M	410.4M	332.3M	200.7M	128.9M
Short-term Investments i	-	-	-	-	-
Accounts Receivable i	1.4M	447.0K	4.9M	5.3M	4.0M
Inventory i	4.8M	5.1M	5.3M	6.5M	3.7M
Other Current Assets	-	-	-	-	-
Total Current Assets i	474.4M	443.1M	354.0M	224.9M	157.8M
Non-Current Assets
Property, Plant & Equipment i	5.0K	2.0K	3.0K	3.0K	5.0K
Goodwill i	-	-	-	-	-
Intangible Assets i	-	-	-	-	-
Long-term Investments	40.1M	48.8M	55.5M	5.9M	109.0K
Other Non-Current Assets	1.0K	-	-	-	-
Total Non-Current Assets i	2.2B	2.3B	2.3B	2.3B	2.1B
Total Assets i	2.7B	2.7B	2.7B	2.6B	2.3B
Liabilities
Current Liabilities
Accounts Payable i	2.0M	3.5M	1.8M	2.0M	3.4M
Short-term Debt i	106.7M	103.9M	95.5M	81.5M	64.5M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	1.4M	482.0K	1.7M	7.7M	23.5M
Total Current Liabilities i	158.8M	153.3M	153.2M	131.6M	131.8M
Non-Current Liabilities
Long-term Debt i	1.7B	1.7B	1.6B	1.6B	1.3B
Deferred Tax Liabilities i	-	-	-	-	-
Other Non-Current Liabilities	-	-	-	-	-
Total Non-Current Liabilities i	1.7B	1.7B	1.6B	1.6B	1.3B
Total Liabilities i	1.9B	1.9B	1.8B	1.7B	1.5B
Equity
Common Stock i	545.0K	5.5M	5.5M	5.4M	5.4M
Retained Earnings i	-277.5M	-354.9M	-293.7M	-295.6M	-358.9M
Treasury Stock i	4.2M	7.6M	8.1M	9.4M	1.7M
Other Equity	-	-	-	-	-
Total Shareholders Equity i	806.6M	847.7M	907.1M	889.4M	835.2M
Key Metrics
Total Debt i	1.8B	1.8B	1.7B	1.6B	1.4B
Working Capital i	315.6M	289.8M	200.8M	93.3M	26.0M

Balance Sheet Composition

Flex LNG Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	117.7M	120.0M	188.0M	162.2M	8.1M
Depreciation & Amortization i	75.5M	73.4M	72.2M	69.8M	41.8M
Stock-Based Compensation i	1.1M	1.7M	331.0K	-1.3M	284.0K
Working Capital Changes i	-803.0K	-19.2M	14.4M	7.8M	21.8M
Operating Cash Flow i	183.1M	157.7M	282.1M	239.1M	79.3M
Investing Activities
Capital Expenditures i	-4.0K	-2.0K	-5.0K	-265.9M	-691.4M
Acquisitions i	-	-	-	-	-
Investment Purchases i	-	-	-	-	-
Investment Sales i	-	-	-	-	-
Investing Cash Flow i	-4.0K	-2.0K	-5.0K	-265.9M	-691.4M
Financing Activities
Share Repurchases i	-	0	0	-7.8M	-1.7M
Dividends Paid i	-161.7M	-181.2M	-186.1M	-98.9M	-10.8M
Debt Issuance i	1.7B	650.0M	745.0M	383.3M	669.6M
Debt Repayment i	-1.7B	-2.3B	-1.3B	-490.4M	-84.9M
Financing Cash Flow i	-155.6M	-1.7B	-502.8M	-174.8M	554.0M
Free Cash Flow i	182.8M	175.0M	219.9M	-51.1M	-602.1M
Net Change in Cash i	27.5M	-1.5B	-220.8M	-201.6M	-58.2M

Cash Flow Trend

Flex LNG Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 14.89

Forward P/E 12.49

Price to Book 1.93

Price to Sales 4.14

PEG Ratio -0.76

Profitability Ratios

Profit Margin 27.84%

Operating Margin 51.09%

Return on Equity 12.50%

Return on Assets 4.57%

Financial Health

Current Ratio 2.84

Debt to Equity 236.53

Beta 0.40

Per Share Data

EPS (TTM) $1.83

Book Value per Share $14.09

Revenue per Share $6.59

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
flng	1.2B	14.89	1.93	12.50%	27.84%	236.53
Enbridge	93.0B	23.47	1.80	9.92%	10.28%	147.94
Williams Companies	70.1B	29.23	5.70	17.39%	21.38%	192.99
CMB Tech N.V	1.8B	4.23	1.42	18.23%	44.88%	205.74
Teekay Tankers	1.7B	6.05	0.92	15.93%	28.31%	2.69
DHT Holdings	1.7B	10.02	1.73	17.83%	34.14%	28.32

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