Flex LNG (FLNG) Gross Margin (2018 - 2026)

Flex LNG (FLNG) posted Gross Margin of 76.8% for Q1 2026, down 0.7% sequentially from 77.34% in Q4 2025, and down 272.0% YoY from 44.65% in Q1 2025.

Flex LNG (FLNG) Gross Margin (2018 - 2026) Analysis & Trends

Flex LNG has reported Gross Margin for 9 years, with the latest figure at 76.8% in 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 declined to 76.8% in Q1 2026 per FLNG's latest filing, from 77.34% in the prior quarter.
Over five years, Gross Margin peaked at 83.45% in Q4 2022 and troughed at 76.8% in Q1 2026.
A 5-year average of 80.3% and a median of 80.65% in 2024 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2025: Gross Margin soared 523 bps in 2022, then tumbled 330 bps in 2025.
Over 5 years, Gross Margin stood at 83.45% in 2022, then slipped by 3 bps to 81.05% in 2023, then declined by 1 bps to 80.65% in 2024, then dropped by 4 bps to 77.34% in 2025, then decreased by 1 bps to 76.8% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 76.8%, 77.34%, and 78.11% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Kinder Morgan	112.69 Bn	112.57 Bn	3.07 Bn	68.62%
2	Enbridge	110.69 Bn	109.19 Bn	5.23 Bn	24.69%
3	Enterprise Products Partners	83.45 Bn	82.54 Bn	-	-
4	Energy Transfer	72.64 Bn	71.61 Bn	7.40 Bn	21.55%
5	Tc Energy	65.84 Bn	58.29 Bn	1.24 Bn	95.91%
6	Mplx	60.05 Bn	59.02 Bn	2.73 Bn	82.28%
7	Oneok	59.98 Bn	59.82 Bn	2.81 Bn	23.30%
8	Targa Resources	59.50 Bn	59.37 Bn	2.14 Bn	48.15%
9	Cheniere Energy	55.93 Bn	54.68 Bn	5.29 Bn	92.34%
10	Flex LNG	1.67 Bn	1.28 Bn	61.79 Mn	76.80%

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