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

Flex LNG's (FLNG) quarterly Operating Margin came in at 42.51% in Q1 2026, down 1092.0% year-on-year from 4.28% in Q1 2025, and down 12.69% quarter-over-quarter from 48.68% in Q4 2025.

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

Flex LNG has disclosed Operating Margin across 9 years of filings, most recently posting 42.51% for Q1 2026.

  • Operating Margin for Q1 2026 came in at 42.51%, down 1092.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 47.92% (down 655.0% YoY), and the FY2025 annual result was 50.57%, down 493.0% from the prior year.
  • Operating Margin came in at 42.51% for Q1 2026 at Flex LNG, down from 48.68% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 62.3% in Q4 2022 to a low of 42.51% in Q1 2026.
  • The 5-year median for Operating Margin is 55.6% (2023), against an average of 54.68%.
  • Across the five-year window, Operating Margin jumped 1239 bps in 2022 and sank 1092 bps in 2026, its largest moves.
  • Flex LNG's Operating Margin stood at 62.3% in 2022, then slipped by 5 bps to 59.37% in 2023, then decreased by 8 bps to 54.85% in 2024, then dropped by 11 bps to 48.68% in 2025, then decreased by 13 bps to 42.51% in 2026.
  • The last three Operating Margin figures came in at 42.51% (Q1 2026), 48.68% (Q4 2025), and 49.03% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 14.43%
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 13.17%
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 29.91%
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 10.74%
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 39.96%
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 20.68%
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 14.85%
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 68.07%
10 Flex LNG 10,663.20 -389.06 Mn 61.79 Mn 42.51%

Historic Data

Download Data
DateValue
Mar 31, 2026 42.51%
Dec 31, 2025 48.68%
Sep 30, 2025 49.03%
Jun 30, 2025 51.09%
Mar 31, 2025 53.43%
Dec 31, 2024 54.85%
Sep 30, 2024 56.90%
Jun 30, 2024 52.53%
Mar 31, 2024 57.56%
Dec 31, 2023 59.37%
Sep 30, 2023 59.42%
Jun 30, 2023 55.60%
Mar 31, 2023 59.49%
Dec 31, 2022 62.30%
Sep 30, 2022 57.85%
Jun 30, 2022 57.57%
Mar 31, 2022 51.44%
Dec 31, 2021 67.44%
Sep 30, 2021 56.72%
Jun 30, 2021 45.18%