Flex LNG (FLNG) Operating Margin (2018 - 2026)
Flex LNG (FLNG) posted Operating Margin of 103.91% for Q1 2026, up 2.16% sequentially from 101.71% in Q4 2025, and up 54.0% YoY from 67.47% in Q1 2025.
Flex LNG (FLNG) Operating Margin (2018 - 2026) Analysis & Trends
Flex LNG has reported Operating Margin for 9 years, with the latest figure at 103.91% in Q1 2026.
- Quarterly Operating Margin rose 54.0% year-over-year to 103.91% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 102.91% (down 102.0% YoY) and the FY2025 annual result came in at 50.57%, down 493.0% from the prior year.
- Operating Margin grew to 103.91% in Q1 2026 per FLNG's latest filing, from 101.71% in the prior quarter.
- Over five years, Operating Margin peaked at 108.25% in Q1 2022 and troughed at 101.71% in Q4 2025.
- A 5-year average of 104.14% and a median of 103.91% in 2026 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2025: Operating Margin jumped 369 bps in 2022, then slumped 277 bps in 2025.
- Over 5 years, Operating Margin stood at 104.39% in 2022, then fell by 2 bps to 102.52% in 2023, then gained by 2 bps to 104.47% in 2024, then slipped by 3 bps to 101.71% in 2025, then rose by 2 bps to 103.91% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 103.91%, 101.71%, and 102.93% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 30.06% |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 9.93% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 12.31% |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 10.41% |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 29.84% |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 41.61% |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 13.22% |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 27.80% |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 74.84% |
| 10 | Flex LNG | 1.67 Bn | 1.28 Bn | 61.79 Mn | 103.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 103.91% |
| Dec 31, 2025 | 101.71% |
| Sep 30, 2025 | 102.93% |
| Jun 30, 2025 | 103.18% |
| Mar 31, 2025 | 103.36% |
| Dec 31, 2024 | 104.47% |
| Sep 30, 2024 | 103.37% |
| Jun 30, 2024 | 104.53% |
| Mar 31, 2024 | 104.87% |
| Dec 31, 2023 | 102.52% |
| Sep 30, 2023 | 104.32% |
| Jun 30, 2023 | 103.64% |
| Mar 31, 2023 | 106.25% |
| Dec 31, 2022 | 104.39% |
| Sep 30, 2022 | 103.34% |
| Jun 30, 2022 | 105.30% |
| Mar 31, 2022 | 108.25% |
| Dec 31, 2021 | 103.69% |
| Sep 30, 2021 | 105.33% |
| Jun 30, 2021 | 106.36% |