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-over-year from 44.65% in Q1 2025, and down 0.7% quarter-over-quarter from 77.34% in Q4 2025.
Analysis
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.
- In Q1 2026, Gross Margin fell 272.0% year-over-year to 76.8%; the TTM figure through Mar 2026 stood at 77.95% (down 250.0% YoY), while the FY2025 annual figure 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.
- Average Gross Margin over 5 years is 80.47%, with a median of 80.75% recorded in 2022.
- Year-over-year, Gross Margin surged 523 bps in 2022 and sank 307 bps in 2025.
- Over 5 years, Gross Margin stood at 83.45% in 2022, then decreased by 3 bps to 81.05% in 2023, then decreased by 1 bps to 80.41% in 2024, then slipped by 4 bps to 77.34% in 2025, then fell by 1 bps to 76.8% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 76.8% in Q1 2026, 77.34% in Q4 2025, and 78.11% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | - |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 31.53% |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | - |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 99.97% |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | 45.71% |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | 79.33% |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | 84.14% |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 83.88% |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | 98.37% |
| 10 | Flex LNG | 1.70 Bn | 1.31 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 76.80% |
| Dec 31, 2025 | 77.34% |
| Sep 30, 2025 | 78.11% |
| Mar 31, 2025 | 79.52% |
| Dec 31, 2024 | 80.41% |
| Sep 30, 2024 | 80.29% |
| 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% |
| Dec 31, 2020 | 78.55% |
| Sep 30, 2020 | 74.22% |