Flex LNG (FLNG) Gross Margin (2018 - 2026)
Flex LNG (FLNG) reported Gross Margin of 76.8% for Q1 2026, down 272.0% on a YoY basis 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 (FLNG) has 9 years of Gross Margin data on file, last reported at 76.8% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 272.0% year-over-year to 76.8%; the trailing twelve-month figure through Mar 2026 stood at 77.79% (down 208.0% YoY), and the FY2025 full-year result was 78.46%, down 192.0% from the prior year.
- Gross Margin declined to 76.8% in Q1 2026, 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.
- A 5-year average of 80.3% and a median of 80.65% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 523 bps in 2022 and sank 330 bps in 2025, its largest moves.
- Tracing FLNG's Gross Margin over 5 years: 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 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 89.73% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 76.80% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 68.62% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | - |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.17% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 23.85% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 41.52% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 93.41% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 82.89% |
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% |