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Flex LNG vs Golar LNG

Flex LNG and Golar LNG are similar in size: $348m and $394m of revenue in their latest fiscal years. Golar LNG grew faster (51.1% against -2.4%). Flex LNG kept more of each dollar of sales as profit: a net margin of 21.5% against 16.7%. Golar LNG carries less debt relative to equity (149.7% against 258.7%).

Latest fiscal yearFlex LNGFLNG, 2025Golar LNGGLNG, 2025
Revenue $348m $394m
Revenue growth -2.4% 51.1%
Net income $74.8m $65.7m
Operating margin 50.6% 25.3%
Net margin 21.5% 16.7%
Return on equity 9.8% 3.4%
Free cash flow $141m —
Cash $448m $1.15bn
Total debt $1.86bn $2.76bn
Debt to equity 258.7% 149.7%
Dividend per share — —
Dividend yield 11.0% —
Share buybacks — —
Employees — —
Market value $1.48bn $4.63bn
Price vs our value range Below our value range —
Moat score — —
Insider trades, 12 months 0 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.