FLEX LNG Ltd.: stock overview

FLNGNYSEIndustrials · Water Transportation

Price

$25.48

November 13, 2026Market cap $1.4B

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  • The full history: 9 fiscal years, from 2017
  • The estimated fair value, with its range and its certainty
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  • More questions to the chat on its filings
  • Excel with every year
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In short

FLEX LNG had revenue of $360M over the last 12 months and net income of $103M, a net margin of 28.5%. Revenue grew by 16.2% a year on average over the last 5 years. At $25.48 the shares trade at a P/E of 13.4, against a median of 10.5 over the last 5 fiscal years. It has net debt of $1.4B. It pays a dividend yielding 11.77%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$1.4B
54.09M shares
P/E
13.4
Today13.4
Median10.5
Revenue, 12 months
$360M
+16.2% a year over 5 years
Net margin
28.5%
2025: 21.5%, above 67% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

-3.2% a year over 2 years

  • 202520-F
    Revenue$348M
  • 202420-F
    Revenue$356M
  • 202320-F
    Revenue$371M

Fiscal years in figures

FLNG's revenue, profit, cash flow and dividend with each year-end price, from 2017 to 2022, 6 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $1.3B
$1.4B
Enterprise value 
$2.8B
P/E 3-year median: 13.1
13.4
EV / EBIT 
15.6
EV / Revenue 
7.7
P/B 3-year median: 1.8
2.0
FCF yield 3-year median: 11.2%
11.6%
Earnings yield 3-year median: 7.6%
7.4%

Profitability

Operating margin 
49.5%
Net margin 3-year median: 32.4%
28.5%
ROIC 
5.5%
ROIC, 5-year average 
6.0%
ROE 
13.5%

Growth

Revenue, yearly change 
-2.4%
EPS, yearly change 
-36.7%
FCF, yearly change 
-23.0%
Revenue, average a year 
+16.2%
EPS, average a year 
+55.9%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$397M
Total debt 
$1.8B
Net debt 
$1.4B
Net debt / EBITDA 
5.5x
Interest cover 
2.1x
Current ratio 
2.69

Balance sheet of June 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 13.1%
11.77%
Buybacks 
–
Total returned 
11.77%
Shares, yearly change 
+0.4%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 44).

Operating margin

50.6%

Above 87% of the 42 companies in its industry, and 98% of all.

Net margin

21.5%

Above 67% of the 44 companies in its industry, and 83% of all.

ROE

10.4%

Above 54% of the 40 companies in its industry, and 62% of all.

ROA

2.9%

Above 45% of the 43 companies in its industry, and 60% of all.

Revenue growth

-2.4%

Above 39% of the 42 companies in its industry, and 22% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Flex LNG Ltd.
Exchange
NYSE
Industry (SIC)
4400 · Water Transportation
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
54.09M

Other companies: Industrials

The largest companies of the same sector, each with its own page.

The Industrials sectorAll companies

The full analysis

What do FLEX LNG's filings show?

These are FLEX LNG's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about FLNG

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What is FLNG's market cap?

FLEX LNG Ltd.'s market cap is $1.4B, at a price of $25.48 on November 13, 2026 and 54.09M shares.

What is FLNG's P/E?

FLNG's P/E is 13.4, on earnings per share of $1.90 over the last 12 months. The median over the last 5 fiscal years was 10.5.

How much revenue does FLNG have?

FLEX LNG had revenue of $360M over the last 12 months. Over the last 5 years it changed by +16.2% a year on average.

Does FLNG pay a dividend?

Yes. FLEX LNG paid $3.00 per share over the last 12 months, a yield of 11.77% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From FLEX LNG Ltd.'s SEC filings (its annual report on 20-F) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.