9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 16.1% per year over the past 5 years.
Net income has grown faster than revenue (56.0% vs 16.1% per year).
Operating margin has expanded, at 50.6% in the latest year.
Financial health
Total debt ($1.9B) exceeds cash ($448M); net debt is $1.4B.
Total debt has grown slower than revenue (5.6% vs 16.1% per year).
Operating income covered interest expense 1.9× in the latest year.
Total debt is 11× EBITDA.
Shareholder returns
Dividends have been paid for 7 consecutive years, consuming 216.9% of earnings.
The dividend has grown 71.9% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$348M
$75M
0.0%
50.6%
—
$1.9B
$448M
2024
$356M
$118M
0.0%
55.5%
—
$1.8B
$437M
2023
$371M
$120M
0.0%
58.5%
—
$1.8B
$410M
2022
$348M
$188M
0.0%
57.7%
—
$1.7B
$332M
2021
$343M
$162M
0.0%
58.6%
—
$1.7B
$201M
2020
$164M
$8M
0.0%
46.0%
—
$1.4B
$129M
2019
$120M
$17M
0.0%
45.9%
—
$786M
$129M
2018
$77M
$12M
0.0%
37.6%
—
$460M
$55M
2017
$27M
-$10M
0.0%
-46.2%
—
—
—
Valuation over time
How the market has priced FLNG against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 9.5× (Mar '23) to 21.7× (Jun '26).
The price-to-sales ratio has fallen from 5.1× (Mar '23) to 4.7× (Jun '26).
The dividend yield has fallen from 10.4% (Mar '23) to 10.0% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is FLNG growing its revenue and profit?
Over the past 5 years, Flex Lng Ltd.'s revenue has grown 16.1% per year, and net income grown 56.0% per year. These are computed facts, not advice.
How much debt does FLNG have?
As of FY2025, Flex Lng Ltd. reported $1.9B of total debt against $448M of cash; operating income covered interest expense 1.9×.
What is FLNG's profit margin?
In FY2025, gross margin was —, operating margin 50.6%, and net margin 21.5%.
What is FLNG's P/E ratio?
As of Jun '26, Flex Lng Ltd. traded at a price-to-earnings ratio of about 21.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.