Flex LNG vs Nordic American Tankers
Flex LNG is the larger business, with $348m of revenue in fiscal 2025 against $292m for Nordic American Tankers (1.2 times as much). Flex LNG grew faster (-2.4% against -16.6%). Flex LNG kept more of each dollar of sales as profit: a net margin of 21.5% against 4.2%. Nordic American Tankers carries less debt relative to equity (95.2% against 258.7%).
| Latest fiscal year | Flex LNGFLNG, 2025 | Nordic American TankersNAT, 2025 |
|---|---|---|
| Revenue | $348m | $292m |
| Revenue growth | -2.4% | -16.6% |
| Net income | $74.8m | $12.3m |
| Operating margin | 50.6% | 15.9% |
| Net margin | 21.5% | 4.2% |
| Return on equity | 9.8% | 2.6% |
| Free cash flow | $141m | −$115m |
| Cash | $448m | $45.9m |
| Total debt | $1.86bn | $424m |
| Debt to equity | 258.7% | 95.2% |
| Dividend per share | — | — |
| Dividend yield | 11.0% | 4.9% |
| Share buybacks | — | $0 |
| Employees | — | — |
| Market value | $1.48bn | $1.59bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |