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
DateValue
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%