Golar LNG Limited (GLNG) 10-Year Financial Performance & Capital Metrics

GLNG • • Industrial / General

EnergyMidstream Oil & GasLNG Infrastructure & ShippingLNG Carrier Operators

AboutGolar LNG Limited designs, builds, owns, and operates marine infrastructure for the liquefaction and regasification of LNG. It operates through Shipping and FLNG segments. The company engages in the operation and chartering of LNG carriers, Floating Liquefaction Natural Gas Vessel (FLNG), and floating storage regasification units (FSRUs), as well as operates external vessels. As of December 31, 2021, it operated nine LNG carriers, one FSRU, and three FLNGs. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.Show more

Revenue $260M -12.8%
EBITDA $99M -25.3%
Net Income $51M +208.6%
EPS (Diluted) 0.48 +209.3%
Gross Margin 32.75% -36.9%
EBITDA Margin 38% -14.4%
Operating Margin 17.44% -36.7%
Net Margin 19.53% +224.5%
ROE 2.05% +220.2%
ROIC 1.06% -45.2%
Debt/Equity 0.62 +30.9%
Interest Coverage 8.81 -78.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 2.5%
✓Healthy 5Y average net margin of 26.3%

✗Weaknesses

✗Negative free cash flow
✗Sales declining 10.3% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.39%

5Y-10.32%

3Y0.01%

TTM19.15%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM334.63%

EPS CAGR

10Y-

5Y-

3Y-

TTM560.36%

ROCE

10Y Avg0.83%

5Y Avg2.85%

3Y Avg2.01%

Latest1.29%

Peer Comparison

LNG Carrier Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GLNGGolar LNG Limited	4.05B	39.53	82.35	-12.75%	17.96%	2.54%		0.62
FLNGFLEX LNG Ltd.	1.47B	27.12	12.44	-3.95%	28.05%	13.34%	12.46%	2.24
GLOP-PAGasLog Partners LP	1.19B	25.89	8.81	-10.45%	31.3%	12.15%	21.51%	0.08
DLNGDynagas LNG Partners LP	138.98M	3.82	3.64	-2.54%	37.92%	13%	66.29%	0.66
SEAL-PBSeapeak LLC		25.45	-27.36	-2.21%	-27.59%	-8.42%		1.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	102.67M	80.26M	143.54M	430.6M	448.75M	438.64M	260.27M	267.74M	298.43M	260.37M
Revenue Growth %	-0.03%	-0.22%	0.79%	2%	0.04%	-0.02%	-0.41%	0.03%	0.11%	-0.13%
Cost of Goods Sold+	199.12M	173.7M	193.76M	296.38M	273.16M	229.48M	120.4M	126.96M	143.63M	175.11M
COGS % of Revenue	1.94%	2.16%	1.35%	0.69%	0.61%	0.52%	0.46%	0.47%	0.48%	0.67%
Gross Profit+	-96.45M	-93.44M	-50.22M	134.23M	175.59M	209.15M	139.88M	140.78M	154.8M	85.26M
Gross Margin %	-0.94%	-1.16%	-0.35%	0.31%	0.39%	0.48%	0.54%	0.53%	0.52%	0.33%
Gross Profit Growth %	-3.69%	0.03%	0.46%	3.67%	0.31%	0.19%	-0.33%	0.01%	0.1%	-0.45%
Operating Expenses+	33.53M	45.96M	50.33M	73.23M	57.16M	44.2M	37.83M	46.12M	72.59M	39.85M
OpEx % of Revenue	0.33%	0.57%	0.35%	0.17%	0.13%	0.1%	0.15%	0.17%	0.24%	0.15%
Selling, General & Admin	33.53M	45.96M	50.33M	51.54M	52.17M	35.31M	35.31M	38.1M	33.46M	27.5M
SG&A % of Revenue	0.33%	0.57%	0.35%	0.12%	0.12%	0.08%	0.14%	0.14%	0.11%	0.11%
Research & Development	0	0	0	21.69M	4.99M	8.89M	2.52M	8.02M	39.13M	12.34M
R&D % of Revenue	-	-	-	0.05%	0.01%	0.02%	0.01%	0.03%	0.13%	0.05%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-129.97M	-139.4M	-100.56M	61M	118.42M	164.95M	102.04M	94.67M	82.21M	45.42M
Operating Margin %	-1.27%	-1.74%	-0.7%	0.14%	0.26%	0.38%	0.39%	0.35%	0.28%	0.17%
Operating Income Growth %	-2.26%	-0.07%	0.28%	1.61%	0.94%	0.39%	-0.38%	-0.07%	-0.13%	-0.45%
EBITDA+	-56.24M	-66.43M	-24.04M	154.69M	231.46M	272.88M	157.41M	146.38M	132.5M	98.94M
EBITDA Margin %	-0.55%	-0.83%	-0.17%	0.36%	0.52%	0.62%	0.6%	0.55%	0.44%	0.38%
EBITDA Growth %	-6.64%	-0.18%	0.64%	7.44%	0.5%	0.18%	-0.42%	-0.07%	-0.09%	-0.25%
D&A (Non-Cash Add-back)	73.73M	72.97M	76.52M	93.69M	113.03M	107.92M	55.36M	51.71M	50.29M	53.53M
EBIT	-124.57M	-127.07M	-54.54M	91.42M	27.57M	85.15M	-25.82M	1.03B	2.91M	93.43M
Net Interest Income+	-79.56M	-74.12M	-52.6M	-91.26M	-97.27M	-74M	-38.47M	-17.17M	54.46M	32.19M
Interest Income	6.9M	2.06M	5.89M	10.13M	10.48M	1.57M	128K	12.22M	56.44M	37.35M
Interest Expense	86.46M	50.37M	59.3M	101.91M	91.24M	75.57M	38.59M	29.4M	1.98M	5.16M
Other Income/Expense	-25.07M	-21.97M	-43.22M	-227.94M	-239.78M	-155.91M	-165.38M	920.4M	-83.48M	35.36M
Pretax Income+	-155.04M	-161.37M	-143.77M	-166.95M	-121.35M	9.04M	-63.33M	1.02B	-1.27M	80.78M
Pretax Margin %	-1.51%	-2.01%	-1%	-0.39%	-0.27%	0.02%	-0.24%	3.79%	-0%	0.31%
Income Tax+	-3.05M	-589K	1.5M	1.27M	1.02M	981K	1.44M	-438K	1.87M	-18K
Effective Tax Rate %	1.1%	1.16%	1.25%	1.39%	1.75%	-30.26%	2.54%	0.66%	36.78%	0.63%
Net Income+	-171.15M	-186.53M	-179.7M	-231.43M	-211.96M	-273.56M	-161.09M	674.6M	-46.82M	50.84M
Net Margin %	-1.67%	-2.32%	-1.25%	-0.54%	-0.47%	-0.62%	-0.62%	2.52%	-0.16%	0.2%
Net Income Growth %	-2.97%	-0.09%	0.04%	-0.29%	0.08%	-0.29%	0.41%	5.19%	-1.07%	2.09%
Net Income (Continuing)	-151.99M	-160.78M	-145.28M	-168.21M	-122.38M	8.06M	-64.77M	1.02B	-3.14M	80.79M
Discontinued Operations	0	0	0	0	0	-175.99M	14.87M	-197.83M	266K	0
Minority Interest	20.81M	45.04M	80.99M	80.67M	252.56M	338.12M	447.27M	399.95M	534.77M	355.25M
EPS (Diluted)+	-1.83	-1.99	-1.79	-2.30	-2.11	-2.82	-1.47	6.22	-0.44	0.48
EPS Growth %	-2.66%	-0.09%	0.1%	-0.28%	0.08%	-0.34%	0.48%	5.23%	-1.07%	2.09%
EPS (Basic)	-1.83	-1.99	-1.79	-2.30	-2.11	-2.82	-1.47	6.25	-0.44	0.49
Diluted Shares Outstanding	93.36M	93.93M	100.6M	100.68M	100.66M	96.98M	109.64M	108.54M	106.62M	105.27M
Basic Shares Outstanding	93.36M	93.93M	100.6M	100.68M	100.66M	96.98M	109.64M	107.86M	106.62M	104.2M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.08%	-	2.05%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	670.07M	725.56M	473.46M	649.94M	371.39M	537.79M	925.6M	1.26B	815.56M	739.87M
Cash & Short-Term Investments	105.23M	224.19M	214.86M	217.84M	222.12M	127.69M	716.1M	1.1B	679.23M	566.38M
Cash Only	105.23M	224.19M	214.86M	217.84M	222.12M	127.69M	231.85M	878.84M	679.23M	566.38M
Short-Term Investments	0	0	0	0	0	0	484.25M	224.79M	0	0
Accounts Receivable	25.65M	8.1M	25.88M	74.34M	32.46M	38.05M	34.95M	56.12M	63.17M	92.47M
Days Sales Outstanding	91.17	36.82	65.81	63.02	26.4	31.66	49.02	76.51	77.26	129.62
Inventory	8.65M	7.26M	7.41M	7.01M	1.23M	1.53M	536K	692K	1.99M	2.08M
Days Inventory Outstanding	15.86	15.25	13.96	8.63	1.64	2.44	1.63	1.99	5.06	4.33
Other Current Assets	495.24M	183.69M	222.26M	350.75M	111.55M	368.13M	171.31M	95.31M	68.89M	76M
Total Non-Current Assets+	3.67B	3.54B	4.29B	4.16B	4.26B	3.78B	4.02B	3.02B	3.27B	3.63B
Property, Plant & Equipment	2.85B	2.62B	3.25B	3.29B	3.6B	3.66B	2.15B	2.29B	2.65B	3.35B
Fixed Asset Turnover	0.04x	0.03x	0.04x	0.13x	0.12x	0.12x	0.12x	0.12x	0.11x	0.08x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	2.35M
Long-Term Investments	542.72M	648.82M	710.57M	571.78M	508.81M	44.38M	52.22M	104.11M	53.98M	43.66M
Other Non-Current Assets	273.37M	273.64M	325.71M	293.5M	147.31M	76.09M	1.82B	622.21M	566.55M	240.86M
Total Assets+	4.34B	4.26B	4.76B	4.81B	4.63B	4.31B	4.95B	4.28B	4.08B	4.37B
Asset Turnover	0.02x	0.02x	0.03x	0.09x	0.10x	0.10x	0.05x	0.06x	0.07x	0.06x
Asset Growth %	0.13%	-0.02%	0.12%	0.01%	-0.04%	-0.07%	0.15%	-0.14%	-0.05%	0.07%
Total Current Liabilities+	981.23M	1B	1.63B	1B	1.44B	1.18B	1.31B	414.41M	545.78M	841.52M
Accounts Payable	53.28M	24.56M	70.43M	9.7M	13.93M	10.58M	4.93M	8.98M	7.45M	198.91M
Days Payables Outstanding	97.67	51.61	132.67	11.95	18.61	16.83	14.94	25.83	18.94	414.6
Short-Term Debt	491.4M	451.45M	1.38B	730.26M	1.24B	982.85M	703.17M	344.78M	342.57M	521.28M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	307.5M	72.9M	48.74M	230.52M	61.83M	58.13M	446.39M	373K	0	11.69M
Current Ratio	0.68x	0.72x	0.29x	0.65x	0.26x	0.46x	0.71x	3.04x	1.49x	0.88x
Quick Ratio	0.67x	0.72x	0.29x	0.64x	0.26x	0.45x	0.71x	3.04x	1.49x	0.88x
Cash Conversion Cycle	9.36	0.46	-52.91	59.7	9.43	17.28	35.7	52.67	63.37	-280.65
Total Non-Current Liabilities+	1.46B	1.37B	1.34B	1.98B	1.44B	1.5B	1.46B	964.97M	935.76M	1.16B
Long-Term Debt	1.34B	1.53B	1.03B	1.84B	1.29B	1.37B	920.13M	844.55M	874.16M	930.97M
Capital Lease Obligations	0	0	-105.11M	0	6.48M	10.63M	7.14M	3.59M	5.88M	5.12M
Deferred Tax Liabilities	-15.14M	0	105.11M	-90.91M	0	0	0	0	0	0
Other Non-Current Liabilities	54.08M	52.21M	132.55M	54.65M	59.43M	62.24M	487.15M	66.91M	30.26M	211.9M
Total Liabilities	2.44B	2.38B	2.97B	2.98B	2.88B	2.68B	2.77B	1.38B	1.48B	2B
Total Debt+	1.91B	1.8B	2.41B	2.57B	2.55B	2.37B	1.63B	1.19B	1.22B	1.46B
Net Debt	1.8B	1.58B	2.2B	2.35B	2.32B	2.24B	1.4B	315.4M	544.85M	892.58M
Debt / Equity	1.01x	0.96x	1.34x	1.41x	1.45x	1.45x	0.75x	0.41x	0.47x	0.62x
Debt / EBITDA	-	-	-	16.58x	11.00x	8.67x	10.38x	8.16x	9.24x	14.75x
Net Debt / EBITDA	-	-	-	15.18x	10.04x	8.20x	8.91x	2.15x	4.11x	9.02x
Interest Coverage	-1.50x	-2.77x	-1.70x	0.60x	1.30x	2.18x	2.64x	3.22x	41.56x	8.81x
Total Equity+	1.89B	1.89B	1.8B	1.83B	1.75B	1.63B	2.18B	2.9B	2.6B	2.37B
Equity Growth %	-0.17%	-0%	-0.05%	0.02%	-0.04%	-0.07%	0.34%	0.33%	-0.1%	-0.09%
Book Value per Share	20.29	20.08	17.86	18.13	17.39	16.81	19.86	26.72	24.41	22.51
Total Shareholders' Equity	1.87B	1.84B	1.72B	1.75B	1.5B	1.29B	1.73B	2.5B	2.07B	2.01B
Common Stock	93.55M	101.08M	101.12M	101.3M	101.3M	109.94M	108.22M	107.23M	104.58M	104.53M
Retained Earnings	315.7M	81.35M	-95.74M	-364.38M	-605.14M	-930.95M	-539.6M	262.06M	77.03M	10.27M
Treasury Stock	-12.27M	-20.48M	-20.48M	-20.48M	-39.1M	0	0	0	0	0
Accumulated OCI	-41.25M	-9.54M	-7.77M	-28.51M	-34.87M	-56.07M	-10.83M	-5.81M	-5.07M	-5.74M
Minority Interest	20.81M	45.04M	80.99M	80.67M	252.56M	338.12M	447.27M	399.95M	534.77M	355.25M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-64.65M	-39.67M	47.13M	116.67M	106.55M	147.45M	238.33M	298.88M	135.25M	318.24M
Operating CF Margin %	-0.63%	-0.49%	0.33%	0.27%	0.24%	0.34%	0.92%	1.12%	0.45%	1.22%
Operating CF Growth %	-3.6%	0.39%	2.19%	1.48%	-0.09%	0.38%	0.62%	0.25%	-0.55%	1.35%
Net Income	-178.5M	-184.61M	-145.28M	-168.21M	-122.38M	-167.93M	560.62M	939.06M	-46.79M	50.84M
Depreciation & Amortization	73.73M	72.97M	76.52M	93.69M	113.03M	55.94M	55.36M	51.71M	50.29M	53.53M
Stock-Based Compensation	4.13M	5.82M	8.99M	11.48M	8.88M	5.42M	3.52M	3.41M	0	7.18M
Deferred Taxes	-3.49M	-1.72M	79.73M	224.05M	0	0	0	-3.41M	-5.82M	0
Other Non-Cash Items	13.83M	36.46M	-900K	7.73M	161.88M	315.15M	-419.99M	-626.05M	410.02M	156.03M
Working Capital Changes	25.65M	31.39M	28.07M	-52.07M	-54.87M	-61.13M	38.82M	-65.84M	-272.45M	50.67M
Change in Receivables	911K	-567K	-11.41M	-49.94M	39.45M	1.63M	-2.94M	-10.92M	3.21M	9.54M
Change in Inventory	-2.25M	987K	-151K	402K	5.78M	-4K	998K	-157K	0	0
Change in Payables	8.94M	-28.51M	1.59M	-24.81M	-678K	1.48M	-4.65M	3.08M	-18K	3.59M
Cash from Investing+	-535.96M	-2.22M	-433.77M	-202.49M	-264.39M	-103.03M	-74.35M	1.07B	-131.71M	-416.98M
Capital Expenditures	-697.35M	-234.52M	-391.9M	-149.83M	-400.67M	-298.3M	-213.48M	-267.42M	-325.21M	-437.4M
CapEx % of Revenue	6.79%	2.92%	2.73%	0.35%	0.89%	0.68%	0.82%	1%	1.09%	1.68%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-267.87M	21.93M	11.24M	33.19M	22.29M	194.43M	122.35M	577.07M	77.61M	-25.61M
Cash from Financing+	514.43M	160.85M	377.31M	177.4M	-136M	-162.29M	-51.61M	-691.64M	-244.95M	43.85M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-121.36M	-54.35M	-20.44M	-42.87M	-65M	-26.07M	-33.14M	-55.17M	-79.45M	-104.11M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-55.38M	-6.94M	-2.73M	37.4M	-24.46M	-98.86M	-116.7M	-167.72M	-133.94M	-71M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-762M	-274.19M	-344.77M	-33.15M	-294.12M	-150.85M	24.85M	31.46M	-189.96M	-120.31M
FCF Margin %	-7.42%	-3.42%	-2.4%	-0.08%	-0.66%	-0.34%	0.1%	0.12%	-0.64%	-0.46%
FCF Growth %	0.47%	0.64%	-0.26%	0.9%	-7.87%	0.49%	1.16%	0.27%	-7.04%	0.37%
FCF per Share	-8.16	-2.92	-3.43	-0.33	-2.92	-1.56	0.23	0.29	-1.78	-1.14
FCF Conversion (FCF/Net Income)	0.38x	0.21x	-0.26x	-0.50x	-0.50x	-0.54x	-1.48x	0.44x	-2.89x	6.26x
Interest Paid	35.45M	24.83M	34.48M	29.83M	148.07M	54M	35.89M	74.57M	0	0
Taxes Paid	1.28M	555K	1.24M	1.47M	663K	1.18M	694K	1.47M	857K	770K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-8.19%	-9.87%	-9.76%	-12.78%	-11.85%	-16.18%	-8.46%	26.57%	-1.7%	2.05%
Return on Invested Capital (ROIC)	-2.72%	-2.92%	-2.02%	1.12%	2.15%	3.11%	2.05%	2.09%	1.94%	1.06%
Gross Margin	-93.94%	-116.43%	-34.99%	31.17%	39.13%	47.68%	53.74%	52.58%	51.87%	32.75%
Net Margin	-166.69%	-232.42%	-125.2%	-53.74%	-47.23%	-62.37%	-61.89%	251.96%	-15.69%	19.53%
Debt / Equity	1.01x	0.96x	1.34x	1.41x	1.45x	1.45x	0.75x	0.41x	0.47x	0.62x
Interest Coverage	-1.50x	-2.77x	-1.70x	0.60x	1.30x	2.18x	2.64x	3.22x	41.56x	8.81x
FCF Conversion	0.38x	0.21x	-0.26x	-0.50x	-0.50x	-0.54x	-1.48x	0.44x	-2.89x	6.26x
Revenue Growth	-3.28%	-21.83%	78.85%	200%	4.21%	-2.25%	-40.66%	2.87%	11.46%	-12.75%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Liquefaction Services	-	-	-	127.63M	218.1M	226.06M	221.02M	213.97M	245.42M	224.96M
Liquefaction Services Growth	-	-	-	-	70.89%	3.65%	-2.23%	-3.19%	14.70%	-8.34%
Vessel Management Fees And Other Revenues	-	-	-	24.21M	21.89M	20.7M	27.78M	44.09M	35.09M	23.07M
Vessel Management Fees And Other Revenues Growth	-	-	-	-	-9.59%	-5.45%	34.22%	58.71%	-20.41%	-34.26%
Vessel Operations	-	14.22M	143.54M	-	-	-	-	-	-	-
Vessel Operations Growth	-	-	909.05%	-	-	-	-	-	-	-
FLNG	-	-	-	-	-	-	-	-	-	-
FLNG Growth	-	-	-	-	-	-	-	-	-	-
Golar Power	-	-	-	-	-	-	-	-	-	-
Golar Power Growth	-	-	-	-	-	-	-	-	-	-
LNG Trading	-	-	-	-	-	-	-	-	-	-
LNG Trading Growth	-	-	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	-	-	-	-
Other Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024

Frequently Asked Questions

Valuation & Price

Golar LNG Limited (GLNG) has a price-to-earnings (P/E) ratio of 82.4x. This suggests investors expect higher future growth.

Growth & Financials

Golar LNG Limited (GLNG) reported $326.6M in revenue for fiscal year 2024. This represents a 9% increase from $299.8M in 2011.

Golar LNG Limited (GLNG) saw revenue decline by 12.8% over the past year.

Yes, Golar LNG Limited (GLNG) is profitable, generating $58.7M in net income for fiscal year 2024 (19.5% net margin).

Dividend & Returns

Yes, Golar LNG Limited (GLNG) pays a dividend with a yield of 2.50%. This makes it attractive for income-focused investors.

Golar LNG Limited (GLNG) has a return on equity (ROE) of 2.0%. This is below average, suggesting room for improvement.

Golar LNG Limited (GLNG) had negative free cash flow of $455.5M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Golar LNG Limited (GLNG) 10-Year Financial Performance & Capital Metrics

GLNG • • Industrial / General

EnergyMidstream Oil & GasLNG Infrastructure & ShippingLNG Carrier Operators

Revenue $260M -12.8%
EBITDA $99M -25.3%
Net Income $51M +208.6%
EPS (Diluted) 0.48 +209.3%
Gross Margin 32.75% -36.9%
EBITDA Margin 38% -14.4%
Operating Margin 17.44% -36.7%
Net Margin 19.53% +224.5%
ROE 2.05% +220.2%
ROIC 1.06% -45.2%
Debt/Equity 0.62 +30.9%
Interest Coverage 8.81 -78.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 2.5%
✓Healthy 5Y average net margin of 26.3%

✗Weaknesses

✗Negative free cash flow
✗Sales declining 10.3% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y9.39%

5Y-10.32%

3Y0.01%

TTM19.15%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM334.63%

EPS CAGR

10Y-

5Y-

3Y-

TTM560.36%

ROCE

10Y Avg0.83%

5Y Avg2.85%

3Y Avg2.01%

Latest1.29%

Peer Comparison

LNG Carrier Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GLNGGolar LNG Limited	4.05B	39.53	82.35	-12.75%	17.96%	2.54%		0.62
FLNGFLEX LNG Ltd.	1.47B	27.12	12.44	-3.95%	28.05%	13.34%	12.46%	2.24
GLOP-PAGasLog Partners LP	1.19B	25.89	8.81	-10.45%	31.3%	12.15%	21.51%	0.08
DLNGDynagas LNG Partners LP	138.98M	3.82	3.64	-2.54%	37.92%	13%	66.29%	0.66
SEAL-PBSeapeak LLC		25.45	-27.36	-2.21%	-27.59%	-8.42%		1.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	102.67M	80.26M	143.54M	430.6M	448.75M	438.64M	260.27M	267.74M	298.43M	260.37M
Revenue Growth %	-0.03%	-0.22%	0.79%	2%	0.04%	-0.02%	-0.41%	0.03%	0.11%	-0.13%
Cost of Goods Sold+	199.12M	173.7M	193.76M	296.38M	273.16M	229.48M	120.4M	126.96M	143.63M	175.11M
COGS % of Revenue	1.94%	2.16%	1.35%	0.69%	0.61%	0.52%	0.46%	0.47%	0.48%	0.67%
Gross Profit+	-96.45M	-93.44M	-50.22M	134.23M	175.59M	209.15M	139.88M	140.78M	154.8M	85.26M
Gross Margin %	-0.94%	-1.16%	-0.35%	0.31%	0.39%	0.48%	0.54%	0.53%	0.52%	0.33%
Gross Profit Growth %	-3.69%	0.03%	0.46%	3.67%	0.31%	0.19%	-0.33%	0.01%	0.1%	-0.45%
Operating Expenses+	33.53M	45.96M	50.33M	73.23M	57.16M	44.2M	37.83M	46.12M	72.59M	39.85M
OpEx % of Revenue	0.33%	0.57%	0.35%	0.17%	0.13%	0.1%	0.15%	0.17%	0.24%	0.15%
Selling, General & Admin	33.53M	45.96M	50.33M	51.54M	52.17M	35.31M	35.31M	38.1M	33.46M	27.5M
SG&A % of Revenue	0.33%	0.57%	0.35%	0.12%	0.12%	0.08%	0.14%	0.14%	0.11%	0.11%
Research & Development	0	0	0	21.69M	4.99M	8.89M	2.52M	8.02M	39.13M	12.34M
R&D % of Revenue	-	-	-	0.05%	0.01%	0.02%	0.01%	0.03%	0.13%	0.05%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-129.97M	-139.4M	-100.56M	61M	118.42M	164.95M	102.04M	94.67M	82.21M	45.42M
Operating Margin %	-1.27%	-1.74%	-0.7%	0.14%	0.26%	0.38%	0.39%	0.35%	0.28%	0.17%
Operating Income Growth %	-2.26%	-0.07%	0.28%	1.61%	0.94%	0.39%	-0.38%	-0.07%	-0.13%	-0.45%
EBITDA+	-56.24M	-66.43M	-24.04M	154.69M	231.46M	272.88M	157.41M	146.38M	132.5M	98.94M
EBITDA Margin %	-0.55%	-0.83%	-0.17%	0.36%	0.52%	0.62%	0.6%	0.55%	0.44%	0.38%
EBITDA Growth %	-6.64%	-0.18%	0.64%	7.44%	0.5%	0.18%	-0.42%	-0.07%	-0.09%	-0.25%
D&A (Non-Cash Add-back)	73.73M	72.97M	76.52M	93.69M	113.03M	107.92M	55.36M	51.71M	50.29M	53.53M
EBIT	-124.57M	-127.07M	-54.54M	91.42M	27.57M	85.15M	-25.82M	1.03B	2.91M	93.43M
Net Interest Income+	-79.56M	-74.12M	-52.6M	-91.26M	-97.27M	-74M	-38.47M	-17.17M	54.46M	32.19M
Interest Income	6.9M	2.06M	5.89M	10.13M	10.48M	1.57M	128K	12.22M	56.44M	37.35M
Interest Expense	86.46M	50.37M	59.3M	101.91M	91.24M	75.57M	38.59M	29.4M	1.98M	5.16M
Other Income/Expense	-25.07M	-21.97M	-43.22M	-227.94M	-239.78M	-155.91M	-165.38M	920.4M	-83.48M	35.36M
Pretax Income+	-155.04M	-161.37M	-143.77M	-166.95M	-121.35M	9.04M	-63.33M	1.02B	-1.27M	80.78M
Pretax Margin %	-1.51%	-2.01%	-1%	-0.39%	-0.27%	0.02%	-0.24%	3.79%	-0%	0.31%
Income Tax+	-3.05M	-589K	1.5M	1.27M	1.02M	981K	1.44M	-438K	1.87M	-18K
Effective Tax Rate %	1.1%	1.16%	1.25%	1.39%	1.75%	-30.26%	2.54%	0.66%	36.78%	0.63%
Net Income+	-171.15M	-186.53M	-179.7M	-231.43M	-211.96M	-273.56M	-161.09M	674.6M	-46.82M	50.84M
Net Margin %	-1.67%	-2.32%	-1.25%	-0.54%	-0.47%	-0.62%	-0.62%	2.52%	-0.16%	0.2%
Net Income Growth %	-2.97%	-0.09%	0.04%	-0.29%	0.08%	-0.29%	0.41%	5.19%	-1.07%	2.09%
Net Income (Continuing)	-151.99M	-160.78M	-145.28M	-168.21M	-122.38M	8.06M	-64.77M	1.02B	-3.14M	80.79M
Discontinued Operations	0	0	0	0	0	-175.99M	14.87M	-197.83M	266K	0
Minority Interest	20.81M	45.04M	80.99M	80.67M	252.56M	338.12M	447.27M	399.95M	534.77M	355.25M
EPS (Diluted)+	-1.83	-1.99	-1.79	-2.30	-2.11	-2.82	-1.47	6.22	-0.44	0.48
EPS Growth %	-2.66%	-0.09%	0.1%	-0.28%	0.08%	-0.34%	0.48%	5.23%	-1.07%	2.09%
EPS (Basic)	-1.83	-1.99	-1.79	-2.30	-2.11	-2.82	-1.47	6.25	-0.44	0.49
Diluted Shares Outstanding	93.36M	93.93M	100.6M	100.68M	100.66M	96.98M	109.64M	108.54M	106.62M	105.27M
Basic Shares Outstanding	93.36M	93.93M	100.6M	100.68M	100.66M	96.98M	109.64M	107.86M	106.62M	104.2M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.08%	-	2.05%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	670.07M	725.56M	473.46M	649.94M	371.39M	537.79M	925.6M	1.26B	815.56M	739.87M
Cash & Short-Term Investments	105.23M	224.19M	214.86M	217.84M	222.12M	127.69M	716.1M	1.1B	679.23M	566.38M
Cash Only	105.23M	224.19M	214.86M	217.84M	222.12M	127.69M	231.85M	878.84M	679.23M	566.38M
Short-Term Investments	0	0	0	0	0	0	484.25M	224.79M	0	0
Accounts Receivable	25.65M	8.1M	25.88M	74.34M	32.46M	38.05M	34.95M	56.12M	63.17M	92.47M
Days Sales Outstanding	91.17	36.82	65.81	63.02	26.4	31.66	49.02	76.51	77.26	129.62
Inventory	8.65M	7.26M	7.41M	7.01M	1.23M	1.53M	536K	692K	1.99M	2.08M
Days Inventory Outstanding	15.86	15.25	13.96	8.63	1.64	2.44	1.63	1.99	5.06	4.33
Other Current Assets	495.24M	183.69M	222.26M	350.75M	111.55M	368.13M	171.31M	95.31M	68.89M	76M
Total Non-Current Assets+	3.67B	3.54B	4.29B	4.16B	4.26B	3.78B	4.02B	3.02B	3.27B	3.63B
Property, Plant & Equipment	2.85B	2.62B	3.25B	3.29B	3.6B	3.66B	2.15B	2.29B	2.65B	3.35B
Fixed Asset Turnover	0.04x	0.03x	0.04x	0.13x	0.12x	0.12x	0.12x	0.12x	0.11x	0.08x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	2.35M
Long-Term Investments	542.72M	648.82M	710.57M	571.78M	508.81M	44.38M	52.22M	104.11M	53.98M	43.66M
Other Non-Current Assets	273.37M	273.64M	325.71M	293.5M	147.31M	76.09M	1.82B	622.21M	566.55M	240.86M
Total Assets+	4.34B	4.26B	4.76B	4.81B	4.63B	4.31B	4.95B	4.28B	4.08B	4.37B
Asset Turnover	0.02x	0.02x	0.03x	0.09x	0.10x	0.10x	0.05x	0.06x	0.07x	0.06x
Asset Growth %	0.13%	-0.02%	0.12%	0.01%	-0.04%	-0.07%	0.15%	-0.14%	-0.05%	0.07%
Total Current Liabilities+	981.23M	1B	1.63B	1B	1.44B	1.18B	1.31B	414.41M	545.78M	841.52M
Accounts Payable	53.28M	24.56M	70.43M	9.7M	13.93M	10.58M	4.93M	8.98M	7.45M	198.91M
Days Payables Outstanding	97.67	51.61	132.67	11.95	18.61	16.83	14.94	25.83	18.94	414.6
Short-Term Debt	491.4M	451.45M	1.38B	730.26M	1.24B	982.85M	703.17M	344.78M	342.57M	521.28M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	307.5M	72.9M	48.74M	230.52M	61.83M	58.13M	446.39M	373K	0	11.69M
Current Ratio	0.68x	0.72x	0.29x	0.65x	0.26x	0.46x	0.71x	3.04x	1.49x	0.88x
Quick Ratio	0.67x	0.72x	0.29x	0.64x	0.26x	0.45x	0.71x	3.04x	1.49x	0.88x
Cash Conversion Cycle	9.36	0.46	-52.91	59.7	9.43	17.28	35.7	52.67	63.37	-280.65
Total Non-Current Liabilities+	1.46B	1.37B	1.34B	1.98B	1.44B	1.5B	1.46B	964.97M	935.76M	1.16B
Long-Term Debt	1.34B	1.53B	1.03B	1.84B	1.29B	1.37B	920.13M	844.55M	874.16M	930.97M
Capital Lease Obligations	0	0	-105.11M	0	6.48M	10.63M	7.14M	3.59M	5.88M	5.12M
Deferred Tax Liabilities	-15.14M	0	105.11M	-90.91M	0	0	0	0	0	0
Other Non-Current Liabilities	54.08M	52.21M	132.55M	54.65M	59.43M	62.24M	487.15M	66.91M	30.26M	211.9M
Total Liabilities	2.44B	2.38B	2.97B	2.98B	2.88B	2.68B	2.77B	1.38B	1.48B	2B
Total Debt+	1.91B	1.8B	2.41B	2.57B	2.55B	2.37B	1.63B	1.19B	1.22B	1.46B
Net Debt	1.8B	1.58B	2.2B	2.35B	2.32B	2.24B	1.4B	315.4M	544.85M	892.58M
Debt / Equity	1.01x	0.96x	1.34x	1.41x	1.45x	1.45x	0.75x	0.41x	0.47x	0.62x
Debt / EBITDA	-	-	-	16.58x	11.00x	8.67x	10.38x	8.16x	9.24x	14.75x
Net Debt / EBITDA	-	-	-	15.18x	10.04x	8.20x	8.91x	2.15x	4.11x	9.02x
Interest Coverage	-1.50x	-2.77x	-1.70x	0.60x	1.30x	2.18x	2.64x	3.22x	41.56x	8.81x
Total Equity+	1.89B	1.89B	1.8B	1.83B	1.75B	1.63B	2.18B	2.9B	2.6B	2.37B
Equity Growth %	-0.17%	-0%	-0.05%	0.02%	-0.04%	-0.07%	0.34%	0.33%	-0.1%	-0.09%
Book Value per Share	20.29	20.08	17.86	18.13	17.39	16.81	19.86	26.72	24.41	22.51
Total Shareholders' Equity	1.87B	1.84B	1.72B	1.75B	1.5B	1.29B	1.73B	2.5B	2.07B	2.01B
Common Stock	93.55M	101.08M	101.12M	101.3M	101.3M	109.94M	108.22M	107.23M	104.58M	104.53M
Retained Earnings	315.7M	81.35M	-95.74M	-364.38M	-605.14M	-930.95M	-539.6M	262.06M	77.03M	10.27M
Treasury Stock	-12.27M	-20.48M	-20.48M	-20.48M	-39.1M	0	0	0	0	0
Accumulated OCI	-41.25M	-9.54M	-7.77M	-28.51M	-34.87M	-56.07M	-10.83M	-5.81M	-5.07M	-5.74M
Minority Interest	20.81M	45.04M	80.99M	80.67M	252.56M	338.12M	447.27M	399.95M	534.77M	355.25M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-64.65M	-39.67M	47.13M	116.67M	106.55M	147.45M	238.33M	298.88M	135.25M	318.24M
Operating CF Margin %	-0.63%	-0.49%	0.33%	0.27%	0.24%	0.34%	0.92%	1.12%	0.45%	1.22%
Operating CF Growth %	-3.6%	0.39%	2.19%	1.48%	-0.09%	0.38%	0.62%	0.25%	-0.55%	1.35%
Net Income	-178.5M	-184.61M	-145.28M	-168.21M	-122.38M	-167.93M	560.62M	939.06M	-46.79M	50.84M
Depreciation & Amortization	73.73M	72.97M	76.52M	93.69M	113.03M	55.94M	55.36M	51.71M	50.29M	53.53M
Stock-Based Compensation	4.13M	5.82M	8.99M	11.48M	8.88M	5.42M	3.52M	3.41M	0	7.18M
Deferred Taxes	-3.49M	-1.72M	79.73M	224.05M	0	0	0	-3.41M	-5.82M	0
Other Non-Cash Items	13.83M	36.46M	-900K	7.73M	161.88M	315.15M	-419.99M	-626.05M	410.02M	156.03M
Working Capital Changes	25.65M	31.39M	28.07M	-52.07M	-54.87M	-61.13M	38.82M	-65.84M	-272.45M	50.67M
Change in Receivables	911K	-567K	-11.41M	-49.94M	39.45M	1.63M	-2.94M	-10.92M	3.21M	9.54M
Change in Inventory	-2.25M	987K	-151K	402K	5.78M	-4K	998K	-157K	0	0
Change in Payables	8.94M	-28.51M	1.59M	-24.81M	-678K	1.48M	-4.65M	3.08M	-18K	3.59M
Cash from Investing+	-535.96M	-2.22M	-433.77M	-202.49M	-264.39M	-103.03M	-74.35M	1.07B	-131.71M	-416.98M
Capital Expenditures	-697.35M	-234.52M	-391.9M	-149.83M	-400.67M	-298.3M	-213.48M	-267.42M	-325.21M	-437.4M
CapEx % of Revenue	6.79%	2.92%	2.73%	0.35%	0.89%	0.68%	0.82%	1%	1.09%	1.68%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-267.87M	21.93M	11.24M	33.19M	22.29M	194.43M	122.35M	577.07M	77.61M	-25.61M
Cash from Financing+	514.43M	160.85M	377.31M	177.4M	-136M	-162.29M	-51.61M	-691.64M	-244.95M	43.85M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-121.36M	-54.35M	-20.44M	-42.87M	-65M	-26.07M	-33.14M	-55.17M	-79.45M	-104.11M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-55.38M	-6.94M	-2.73M	37.4M	-24.46M	-98.86M	-116.7M	-167.72M	-133.94M	-71M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-762M	-274.19M	-344.77M	-33.15M	-294.12M	-150.85M	24.85M	31.46M	-189.96M	-120.31M
FCF Margin %	-7.42%	-3.42%	-2.4%	-0.08%	-0.66%	-0.34%	0.1%	0.12%	-0.64%	-0.46%
FCF Growth %	0.47%	0.64%	-0.26%	0.9%	-7.87%	0.49%	1.16%	0.27%	-7.04%	0.37%
FCF per Share	-8.16	-2.92	-3.43	-0.33	-2.92	-1.56	0.23	0.29	-1.78	-1.14
FCF Conversion (FCF/Net Income)	0.38x	0.21x	-0.26x	-0.50x	-0.50x	-0.54x	-1.48x	0.44x	-2.89x	6.26x
Interest Paid	35.45M	24.83M	34.48M	29.83M	148.07M	54M	35.89M	74.57M	0	0
Taxes Paid	1.28M	555K	1.24M	1.47M	663K	1.18M	694K	1.47M	857K	770K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-8.19%	-9.87%	-9.76%	-12.78%	-11.85%	-16.18%	-8.46%	26.57%	-1.7%	2.05%
Return on Invested Capital (ROIC)	-2.72%	-2.92%	-2.02%	1.12%	2.15%	3.11%	2.05%	2.09%	1.94%	1.06%
Gross Margin	-93.94%	-116.43%	-34.99%	31.17%	39.13%	47.68%	53.74%	52.58%	51.87%	32.75%
Net Margin	-166.69%	-232.42%	-125.2%	-53.74%	-47.23%	-62.37%	-61.89%	251.96%	-15.69%	19.53%
Debt / Equity	1.01x	0.96x	1.34x	1.41x	1.45x	1.45x	0.75x	0.41x	0.47x	0.62x
Interest Coverage	-1.50x	-2.77x	-1.70x	0.60x	1.30x	2.18x	2.64x	3.22x	41.56x	8.81x
FCF Conversion	0.38x	0.21x	-0.26x	-0.50x	-0.50x	-0.54x	-1.48x	0.44x	-2.89x	6.26x
Revenue Growth	-3.28%	-21.83%	78.85%	200%	4.21%	-2.25%	-40.66%	2.87%	11.46%	-12.75%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Liquefaction Services	-	-	-	127.63M	218.1M	226.06M	221.02M	213.97M	245.42M	224.96M
Liquefaction Services Growth	-	-	-	-	70.89%	3.65%	-2.23%	-3.19%	14.70%	-8.34%
Vessel Management Fees And Other Revenues	-	-	-	24.21M	21.89M	20.7M	27.78M	44.09M	35.09M	23.07M
Vessel Management Fees And Other Revenues Growth	-	-	-	-	-9.59%	-5.45%	34.22%	58.71%	-20.41%	-34.26%
Vessel Operations	-	14.22M	143.54M	-	-	-	-	-	-	-
Vessel Operations Growth	-	-	909.05%	-	-	-	-	-	-	-
FLNG	-	-	-	-	-	-	-	-	-	-
FLNG Growth	-	-	-	-	-	-	-	-	-	-
Golar Power	-	-	-	-	-	-	-	-	-	-
Golar Power Growth	-	-	-	-	-	-	-	-	-	-
LNG Trading	-	-	-	-	-	-	-	-	-	-
LNG Trading Growth	-	-	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	-	-	-	-
Other Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024

Frequently Asked Questions

Valuation & Price

Golar LNG Limited (GLNG) has a price-to-earnings (P/E) ratio of 82.4x. This suggests investors expect higher future growth.

Growth & Financials

Golar LNG Limited (GLNG) reported $326.6M in revenue for fiscal year 2024. This represents a 9% increase from $299.8M in 2011.

Golar LNG Limited (GLNG) saw revenue decline by 12.8% over the past year.

Yes, Golar LNG Limited (GLNG) is profitable, generating $58.7M in net income for fiscal year 2024 (19.5% net margin).

Dividend & Returns

Yes, Golar LNG Limited (GLNG) pays a dividend with a yield of 2.50%. This makes it attractive for income-focused investors.

Golar LNG Limited (GLNG) has a return on equity (ROE) of 2.0%. This is below average, suggesting room for improvement.

Golar LNG Limited (GLNG) had negative free cash flow of $455.5M in fiscal year 2024, likely due to heavy capital investments.