Flex LNG (FLNG) Gross Margin (2018 - 2026)
Flex LNG (FLNG) reported Gross Margin of 76.8% for Q1 2026, down 272.0% year-over-year from 44.65% in Q1 2025, and down 0.7% sequentially from 77.34% in Q4 2025.
Flex LNG (FLNG) Gross Margin (2018 - 2026) Analysis & Trends
Flex LNG's Gross Margin history runs 9 years deep, the most recent figure standing at 76.8% for Q1 2026.
- Quarterly Gross Margin fell 272.0% year-over-year to 76.8% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 77.79% (down 208.0% YoY) and the FY2025 annual result came in at 78.46%, down 192.0% from the prior year.
- Gross Margin was 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.
- Median Gross Margin over the past 5 years was 80.65% (2024), compared with a mean of 80.3%.
- Across the five-year window, Gross Margin soared 523 bps in 2022 and slumped 330 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 83.45% in 2022, then fell by 3 bps to 81.05% in 2023, then decreased by 1 bps to 80.65% in 2024, then retreated by 4 bps to 77.34% in 2025, then declined by 1 bps to 76.8% in 2026.
- Business Quant data shows FLNG's Gross Margin at 76.8% in Q1 2026, 77.34% in Q4 2025, and 78.11% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 41.12% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 63.77% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 23.85% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 41.52% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 83.61% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 26.67% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 23.28% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 94.13% |
| 10 | Flex LNG | - | - | 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% |