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Flex LNG Ltd.

FLNG Energy Oil & Gas Midstream

Flex LNG Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $347.6 million, down 2.44% from fiscal 2024.

Revenue
+24.2%
EPS
+151.5%
Free cash flow
+185.6%
Total debt
−0.47%

Quarter to June 2026, against a year earlier

26.04 0.81 −3.02%
Market cap
$1.4B
P/E
13.7×
Fwd P/E
12.1×
Dividend yield
11.5%
F-score
4/9
Altman Z
0.82
Beneish M
−3.25
Dividend safety
8/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 42.74%

Capital & Financial Ratios $m

Size
Market Cap 1,380.00
Revenue ttm 360.47
Net income ttm 102.73
Free cash flow ttm 160.14
Net debt Q 1,396.29
Valuation
P/E 13.71
Forward P/E 12.10
Price / sales 3.90
Forward P/S Powerpack
Price / FCF 8.79
Price / book 2.00
Financial health
Current ratio Q 2.69 (at or above 1.5: strong)
Debt / equity Q 2.55 (above 2: weak)
Interest coverage Q 3.04
Growth
Revenue growth Q +24.21% (above 0%: growing)
Operating income growth Q +35.37% (above 0%: growing)
EPS, this year +24.69% (at or above 15%: strong)
EPS, next year A −9.78% (below 0%: weak)
Revenue, next year A +3.04%
EPS, past 5 yrs +55.87% (at or above 15%: strong)
EPS, next 5 yrs A +8.45%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.8×, against a ten-year median of 8.4×; over the ten years it ranged from 6.1× in 2020 to 19.0× in 2019.
P/E against its own 10 years 60.26%
10-year low 10-year high
P/S against its own 10 years 45.09%
10-year low 10-year high
P/B against its own 10 years 87.19%
10-year low 10-year high
EV/Sales against its own 10 years 27.91%
10-year low 10-year high
EV/FCF against its own 10 years 65.54%
10-year low 10-year high

Dividends

Yield
11.5%
Annual rate
3.00
Payout ratio
157.9%
Growth, 2019–25
+76.3%/yr
  1. 0.10 ’19
  2. 0.20 ’20 +100
  3. 1.85 ’21 +827
  4. 2.25 ’22 +22
  5. 2.25 ’23 +0
  6. 3.00 ’24 +33
  7. 3.00 ’25 +0
  8. 3.00 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 411 437 448 397
Receivables 1 1 0 0
Inventory 5 5 9 7
Other 27 32 46 50
443 474 503 455
2023 2024 2025 Q'26
Payables 4 2 11 6
ST’ Debt 104 107 110 111
Other 46 50 45 51
153 159 166 170

Compound Annual Growth %

10y 5y 3y
Sales — 16.15% (0.03%)
Cash Flow — 9.52% (13.82%)
Earnings — 55.97% (26.45%)
Book Value — (2.94%) (7.44%)

Earnings Trends EPS, adjusted, against the consensus

Jun 2025 Estimate 0.45 Actual 0.46

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Jun 2024 0.47 0.56 Beat by 0.09
Sep 2024 0.54 0.53 Miss by 0.01
Dec 2024 0.51 0.57 Beat by 0.06
Jun 2025 0.45 0.46 Beat by 0.01

EPS $

Mar Jun Sep Dec Year
’26 0.36 0.83 — — —
’25 0.35 0.33 0.31 0.40 1.38
’24 0.62 0.40 0.32 0.84 2.18
’23 0.31 0.72 0.84 0.36 2.22
’22 1.05 0.83 0.87 0.77 3.51
’21 0.88 0.24 0.62 1.30 3.04
’20 (0.27) (0.12) 0.07 0.48 0.15
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 80 107 — — —
’25 88 86 86 88 348
’24 90 85 90 91 356
’23 92 87 95 97 371
’22 75 84 91 98 348
’21 81 66 82 115 343
’20 38 26 33 67 164
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 10 77 — — —
’25 40 27 37 36 141
’24 35 47 48 52 183
’23 34 41 46 54 175
’22 42 52 72 53 220
’21 44 47 44 79 215
’20 14 4 20 52 89
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 10 77 — — —
’25 40 27 37 36 141
’24 35 47 48 52 183
’23 29 41 46 54 175
’22 42 52 72 53 220
’21 (93) (82) 45 79 (51)
’20 14 4 (395) (99) (476)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 27 77 120 164 343 348 371 356 348 360 +37.4% 358 353 353 +0.5%
Gross margin, % 0.00 (33.67) 66.12 76.07 75.26 81.20 81.05 81.12 79.43 74.90 73.34 +74.9 pt
EBT (2) (10) 12 17 8 162 188 120 118 75 103 n/m
EBT margin, % 0.00 (38.02) 15.24 14.29 4.98 47.26 54.08 32.37 33.06 21.54 28.52 +21.5 pt
Net income (2) (10) 12 17 8 162 188 120 118 75 103 n/m
Per share, $
Per share, $ Revenue 0.00 0.89 1.91 2.22 3.04 6.44 6.54 6.91 6.62 6.43 6.67 n/m
Earnings (0.12) (0.34) 0.29 0.31 0.15 3.04 3.53 2.24 2.19 1.38 1.90 n/m
Cash flow 0.00 (0.58) 0.88 0.95 1.65 4.03 4.13 3.26 3.39 2.60 2.96 n/m
Capex 0.00 (2.35) 0.00 (5.39) (10.45) (4.99) 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow 0.00 (2.93) 0.88 (4.44) (8.80) (0.96) 4.13 3.26 3.39 2.60 2.96 n/m
Book value 0.00 16.99 20.45 15.51 15.44 16.68 17.05 15.79 14.98 13.30 13.00 n/m
Shares, m 0 31 40 54 54 53 53 54 54 54 54 n/m
Valuation, ×
Valuation, × P/E — 50.82 50.82 34.06 54.69 7.70 8.67 13.40 10.47 17.95 13.71 27.6
P/S — 0.00 7.75 4.92 2.88 3.65 4.69 4.34 3.47 3.88 3.90 4.0
P/B — 0.00 0.72 0.70 0.57 1.41 1.80 1.90 1.53 1.88 2.00 1.2
EV/Sales — 0.00 12.93 10.33 10.62 7.82 8.67 8.12 7.32 7.91 7.78 8.2
EV/FCF — 0.00 (3.19) (2.10) (3.67) (52.55) 13.71 17.68 14.27 19.54 17.51 0.4
Cash, $m
Cash, $m Operating cash flow (1) (18) 36 52 89 215 220 175 183 141 160 n/m
Capex (1) (72) 0 (292) (566) (266) 0 0 0 — 0 (50.8%)
Free cash flow (1) (90) 36 (240) (476) (51) 220 175 183 141 160 n/m
Balance, $m
Balance, $m Working capital 0 13 25 86 26 93 201 290 316 337 286 +108.0%
Net debt 6 150 400 650 1,273 1,432 1,382 1,402 1,373 1,401 1,396 +84.8%
Shareholders’ equity 206 520 827 839 835 889 907 848 807 719 702 +14.9%
Returns, %
Returns, % ROA (0.39) (2.32) 1.19 1.16 0.41 6.65 7.16 4.46 4.38 2.83 3.96 +3.2 pt
ROIC 0.00 (1.18) 1.48 2.31 2.24 5.42 5.48 6.03 5.67 5.18 5.31 +5.2 pt
ROE (0.48) (2.87) 1.75 2.04 0.97 18.81 20.93 13.68 14.23 9.81 14.03 +10.3 pt
People
People Employees — — 6 8 9 8 9 10 9 9 — +6.0%
Revenue/emp, $m — 0.00 12.87 15.00 18.27 42.93 38.66 37.10 39.59 38.63 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Flex LNG Ltd. vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NGL NGL Energy Partners LP $1.8B — (loss-making) 11.9× +59.12% (above 0%: growing) +1,100.00% (above 0%: growing) −386.50% (below 0%: shrinking) 30.87% 14.68% Compare
GEL Genesis Energy, L.P. $1.5B 66.1× — (loss-making) +40.98% (above 0%: growing) n/m +2,417.50% (above 0%: growing) 32.06% 19.82% Compare
GLP Global Partners LP $1.4B 8.5× 7.9× +46.79% (above 0%: growing) +240.00% (above 0%: growing) +36.41% (above 0%: growing) 4.84% 1.58% Compare
FLNG Flex LNG Ltd. $1.4B 13.7× 12.1× +24.21% (above 0%: growing) +151.52% (above 0%: growing) +185.57% (above 0%: growing) 76.00% 55.68%
NAT Nordic American Tankers Limited $1.4B 11.2× 10.1× +133.96% (above 0%: growing) n/m +197.49% (above 0%: growing) 83.25% 82.06% Compare
PBT Permian Basin Royalty Trust $1.3B 81.6× 21.9× +34.59% (above 0%: growing) +60.00% (above 0%: growing) — 100.00% 92.68% Compare
TEN Tsakos Energy Navigation Ltd $1.3B 4.5× 3.9× +54.37% (above 0%: growing) +556.72% (above 0%: growing) +185.92% (above 0%: growing) 62.31% 54.53% Compare
NVGS Navigator Holdings Ltd. $1.2B 6.6× 6.9× +1.27% (above 0%: growing) +160.38% (above 0%: growing) +285.64% (above 0%: growing) 49.79% 23.29% Compare
TK Teekay Corporation Ltd. $1.1B 8.7× 41.1× −24.36% (below 0%: shrinking) −23.68% (below 0%: shrinking) +211.73% (above 0%: growing) 31.43% 27.41% Compare
Median of peers $1.4B 8.7× 10.1× +43.88% +200.19% +197.49% 40.93% 25.35%

All 57 Oil & Gas Midstream stocks →

Flex LNG Ltd. (FLNG) Latest News

17 Sep

Impact 3 ·

26 Aug

Impact 3 · · The Motley Fool transcript

24 Aug

Impact 4 · transcript

19 Aug

Impact 3 · · Moby transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 ·

15 May

Impact 4 · · Simply Wall St.

13 May

Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · PR Newswire
Impact 3 · · MarketBeat
Impact 3 · · PR Newswire

3 May

Impact 3 · · Insider Monkey

26 Mar

Impact 4 · · Simply Wall St.

25 Mar

Impact 4 · · PR Newswire

18 Mar

Impact 4 · · PR Newswire

5 Mar

Impact 3 · · PR Newswire

13 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · Simply Wall St.

11 Feb

Impact 4 · · MarketBeat transcript
Impact 4 · · Moby transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · Associated Press Finance
Impact 4 · · PR Newswire
Impact 4 · · PR NewswireMT NewswiresInsider MonkeyZacksMT NewswiresSimply Wall St.MT NewswiresMT Newswires earnings

12 Jan

Impact 3 · · Simply Wall St.

6 Jan

Impact 4 · · GlobeNewswire

12 Dec

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

5 Dec

Impact 3 · · PR Newswire
stockrow.com/FLNG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com