Flex LNG (FLNG) EBITDA (2018 - 2026)
Flex LNG's (FLNG) quarterly EBITDA came in at $10.9 million in Q1 2026, down 45.5% year-over-year from $20.0 million in Q1 2025, and down 37.43% quarter-over-quarter from $17.4 million in Q4 2025.
Analysis
Flex LNG (FLNG) EBITDA (2018 - 2026) Analysis & Trends
Flex LNG has disclosed EBITDA across 9 years of filings, most recently posting $10.9 million for Q1 2026.
- In Q1 2026, EBITDA fell 45.5% year-over-year to $10.9 million; the TTM figure through Mar 2026 stood at $64.7 million (down 28.64% YoY), while the FY2025 annual figure was $71.0 million, down 20.54% from the prior year.
- EBITDA came in at $10.9 million for Q1 2026 at Flex LNG, down from $17.4 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $31.5 million in Q4 2022 to a low of $10.9 million in Q1 2026.
- Average EBITDA over 5 years is $22.7 million, with a median of $23.8 million recorded in 2024.
- Year-over-year, EBITDA plunged 74.63% in 2022 and surged 70.48% in 2023.
- Over 5 years, EBITDA stood at $31.5 million in 2022, then decreased by 9.23% to $28.6 million in 2023, then dropped by 22.81% to $22.1 million in 2024, then retreated by 21.16% to $17.4 million in 2025, then tumbled by 37.43% to $10.9 million in 2026.
- Per Business Quant data, the three most recent EBITDA figures were $10.9 million in Q1 2026, $17.4 million in Q4 2025, and $16.4 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | 742.84 Mn |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 122.36 Mn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 158.90 Mn |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 301.35 Mn |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | 287.33 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | 655.01 Mn |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | 300.50 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 115.25 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | 355.10 Mn |
| 10 | Flex LNG | 1.70 Bn | 1.31 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 10.90 Mn |
| Dec 31, 2025 | 17.42 Mn |
| Sep 30, 2025 | 16.40 Mn |
| Mar 31, 2025 | 20.00 Mn |
| Dec 31, 2024 | 22.09 Mn |
| Sep 30, 2024 | 23.81 Mn |
| Mar 31, 2024 | 24.78 Mn |
| Dec 31, 2023 | 28.62 Mn |
| Sep 30, 2023 | 27.95 Mn |
| Jun 30, 2023 | 22.31 Mn |
| Mar 31, 2023 | 27.66 Mn |
| Dec 31, 2022 | 31.53 Mn |
| Sep 30, 2022 | 26.52 Mn |
| Jun 30, 2022 | 23.88 Mn |
| Mar 31, 2022 | 16.22 Mn |
| Dec 31, 2021 | 46.82 Mn |
| Sep 30, 2021 | 22.38 Mn |
| Jun 30, 2021 | 46.83 Mn |
| Mar 31, 2021 | 63.95 Mn |
| Dec 31, 2020 | 17.13 Mn |