Flex LNG (FLNG) Gross Profit (2018 - 2026)
Flex LNG's (FLNG) quarterly Gross Profit came in at $45.1 million in Q1 2026, down 8.06% year-over-year from $49.0 million in Q1 2025, and down 7.19% quarter-over-quarter from $48.6 million in Q4 2025.
Analysis
Flex LNG (FLNG) Gross Profit (2018 - 2026) Analysis & Trends
Flex LNG has disclosed Gross Profit across 9 years of filings, most recently posting $45.1 million for Q1 2026.
- In Q1 2026, Gross Profit fell 8.06% year-over-year to $45.1 million; the TTM figure through Mar 2026 stood at $191.2 million (down 8.58% YoY), while the FY2025 annual figure was $195.2 million, down 6.69% from the prior year.
- Gross Profit came in at $45.1 million for Q1 2026 at Flex LNG, down from $48.6 million in the prior quarter.
- In the past five years, Gross Profit ranged from a high of $60.2 million in Q4 2022 to a low of $45.1 million in Q1 2026.
- Average Gross Profit over 5 years is $52.9 million, with a median of $53.3 million recorded in 2024.
- Year-over-year, Gross Profit declined 23.01% in 2022 and climbed 19.45% in 2023.
- Over 5 years, Gross Profit stood at $60.2 million in 2022, then retreated by 3.85% to $57.9 million in 2023, then retreated by 9.58% to $52.3 million in 2024, then slipped by 7.25% to $48.6 million in 2025, then dropped by 7.19% to $45.1 million in 2026.
- Per Business Quant data, the three most recent Gross Profit figures were $45.1 million in Q1 2026, $48.6 million in Q4 2025, and $48.6 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn |
| 10 | Flex LNG | 1.70 Bn | 1.31 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 45.06 Mn |
| Dec 31, 2025 | 48.55 Mn |
| Sep 30, 2025 | 48.63 Mn |
| Mar 31, 2025 | 49.01 Mn |
| Dec 31, 2024 | 52.35 Mn |
| Sep 30, 2024 | 53.25 Mn |
| Mar 31, 2024 | 54.59 Mn |
| Dec 31, 2023 | 57.89 Mn |
| Sep 30, 2023 | 57.92 Mn |
| Jun 30, 2023 | 51.69 Mn |
| Mar 31, 2023 | 56.79 Mn |
| Dec 31, 2022 | 60.21 Mn |
| Sep 30, 2022 | 56.56 Mn |
| Jun 30, 2022 | 53.96 Mn |
| Mar 31, 2022 | 47.54 Mn |
| Dec 31, 2021 | 78.20 Mn |
| Sep 30, 2021 | 52.63 Mn |
| Jun 30, 2021 | 50.38 Mn |
| Dec 31, 2020 | 40.59 Mn |
| Sep 30, 2020 | 24.60 Mn |