Flex LNG (FLNG) Gross Margin (2018 - 2026)
Flex LNG's (FLNG) quarterly Gross Margin came in at 76.8% in Q1 2026, down 272.0% year-on-year from 44.65% in Q1 2025, and down 0.7% quarter-over-quarter from 77.34% in Q4 2025.
Flex LNG (FLNG) Gross Margin (2018 - 2026) Analysis & Trends
Flex LNG has disclosed Gross Margin across 9 years of filings, most recently posting 76.8% for Q1 2026.
- Gross Margin for Q1 2026 came in at 76.8%, down 272.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 77.79% (down 208.0% YoY), and the FY2025 annual result was 78.46%, down 192.0% from the prior year.
- Gross Margin came in at 76.8% for Q1 2026 at Flex LNG, down from 77.34% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 83.45% in Q4 2022 to a low of 76.8% in Q1 2026.
- The 5-year median for Gross Margin is 80.65% (2024), against an average of 80.3%.
- Across the five-year window, Gross Margin jumped 523 bps in 2022 and tumbled 330 bps in 2025, its largest moves.
- Flex LNG's Gross Margin stood at 83.45% in 2022, then retreated by 3 bps to 81.05% in 2023, then slipped by 1 bps to 80.65% in 2024, then decreased by 4 bps to 77.34% in 2025, then fell by 1 bps to 76.8% in 2026.
- The last three Gross Margin figures came in at 76.8% (Q1 2026), 77.34% (Q4 2025), and 78.11% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | - |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 63.77% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 23.85% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 83.61% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 41.52% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 26.67% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 98.68% |
| 10 | Flex LNG | 10,663.20 | -389.06 Mn | 61.79 Mn | 76.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 76.80% |
| Dec 31, 2025 | 77.34% |
| Sep 30, 2025 | 78.11% |
| Jun 30, 2025 | 78.86% |
| Mar 31, 2025 | 79.52% |
| Dec 31, 2024 | 80.65% |
| Sep 30, 2024 | 80.29% |
| Jun 30, 2024 | 78.97% |
| Mar 31, 2024 | 81.52% |
| Dec 31, 2023 | 81.05% |
| Sep 30, 2023 | 82.09% |
| Jun 30, 2023 | 80.06% |
| Mar 31, 2023 | 83.02% |
| Dec 31, 2022 | 83.45% |
| Sep 30, 2022 | 80.83% |
| Jun 30, 2022 | 81.74% |
| Mar 31, 2022 | 80.75% |
| Dec 31, 2021 | 86.02% |
| Sep 30, 2021 | 81.04% |
| Jun 30, 2021 | 76.51% |