Flex LNG (FLNG) Operating Income (2018 - 2026)
Flex LNG's (FLNG) quarterly Operating Income came in at $24.9 million in Q1 2026, down 24.27% year-over-year from $32.9 million in Q1 2025, and down 20.83% quarter-over-quarter from $31.5 million in Q4 2025.
Analysis
Flex LNG (FLNG) Operating Income (2018 - 2026) Analysis & Trends
Flex LNG has disclosed Operating Income across 9 years of filings, most recently posting $24.9 million for Q1 2026.
- In Q1 2026, Operating Income fell 24.27% year-over-year to $24.9 million; the TTM figure through Mar 2026 stood at $119.9 million (down 17.27% YoY), while the FY2025 annual figure was $125.8 million, down 12.9% from the prior year.
- Operating Income came in at $24.9 million for Q1 2026 at Flex LNG, down from $31.5 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $44.9 million in Q4 2022 to a low of $24.9 million in Q1 2026.
- Average Operating Income over 5 years is $36.4 million, with a median of $37.7 million recorded in 2024.
- Year-over-year, Operating Income fell 26.7% in 2022 and surged 34.37% in 2023.
- Over 5 years, Operating Income stood at $44.9 million in 2022, then decreased by 5.66% to $42.4 million in 2023, then decreased by 15.79% to $35.7 million in 2024, then dropped by 11.77% to $31.5 million in 2025, then decreased by 20.83% to $24.9 million in 2026.
- Per Business Quant data, the three most recent Operating Income figures were $24.9 million in Q1 2026, $31.5 million in Q4 2025, and $30.5 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | 671.50 Mn |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 122.36 Mn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 158.90 Mn |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 301.35 Mn |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | 280.02 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | 871.57 Mn |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | 398.33 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 155.03 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | 355.10 Mn |
| 10 | Flex LNG | 1.70 Bn | 1.31 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 24.94 Mn |
| Dec 31, 2025 | 31.50 Mn |
| Sep 30, 2025 | 30.52 Mn |
| Mar 31, 2025 | 32.93 Mn |
| Dec 31, 2024 | 35.71 Mn |
| Sep 30, 2024 | 37.74 Mn |
| Mar 31, 2024 | 38.54 Mn |
| Dec 31, 2023 | 42.40 Mn |
| Sep 30, 2023 | 41.92 Mn |
| Jun 30, 2023 | 35.90 Mn |
| Mar 31, 2023 | 40.69 Mn |
| Dec 31, 2022 | 44.94 Mn |
| Sep 30, 2022 | 40.48 Mn |
| Jun 30, 2022 | 38.00 Mn |
| Mar 31, 2022 | 30.28 Mn |
| Dec 31, 2021 | 61.31 Mn |
| Sep 30, 2021 | 36.84 Mn |
| Jun 30, 2021 | 29.75 Mn |
| Dec 31, 2020 | 27.84 Mn |
| Sep 30, 2020 | 11.21 Mn |