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FL

FLEX LNG Ltd.

FLNGEnergyNASDAQ

Oil & Gas Midstream

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Financials · Annual
Revenue
$347.6M
-2.4% YoY
Net Income
$74.8M
-36.4% YoY
EBITDA
$244.1M
-18.3% YoY
Free Cash Flow
$100.8M

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About FLEX LNG Ltd.

FLEX LNG Ltd., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. With a market capitalization of $1.64B, it sits in small-cap territory. As of December 31, 2025, its fleet consists of 13 LNG carriers in operation.

Key stats
Market Cap$1.64B
P/E (TTM)21.82
Fwd P/E14.41
EPS$1.39
Beta0.19
52W Change+21.9%
Dividend Yield9.89%
ROE10.2%
Analysis

FLEX LNG Ltd. carries $1.82B in total debt against $389.1M in cash reserves — debt is roughly 4.7x the cash position. Managing this leverage effectively will be important for long-term financial stability. The company generates $100.8M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 10.2%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.9% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $347.9M (2022) to $347.6M (2025).

FLNG's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing FLNG.

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