Last 47 quarters of trend data · Energy · Oil & Gas Midstream
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
FLEX LNG Ltd.'s quarterly P/E stands at 15.6x, up 128.4% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 16.5% YoY to 11.0x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 23.36 | 15.59 | 20.32 | 16.65 | 16.42 | 6.83 | 19.88 | 16.90 | 10.25 | 20.18 | 8.98 | 10.60 | 27.08 |
| — | +128.4% | +2.3% | -1.5% | +60.1% | -66.2% | +121.4% | +59.4% | -62.1% | +92.6% | -1.4% | +28.5% | +298.8% | |
| P/S Ratio | 5.02 | 3.85 | 3.98 | 3.46 | 3.52 | 3.41 | 3.80 | 4.31 | 3.80 | 4.03 | 4.30 | 4.75 | 4.90 |
| — | +13.1% | +4.7% | -19.8% | -7.6% | -15.5% | -11.7% | -9.2% | -22.3% | -9.5% | -7.3% | +9.2% | -4.0% | |
| P/B Ratio | 2.42 | 1.88 | 1.85 | 1.56 | 1.58 | 1.54 | 1.71 | 1.77 | 1.63 | 1.85 | 1.86 | 1.89 | 2.08 |
| — | +22.1% | +7.7% | -12.0% | -2.9% | -17.0% | -7.8% | -6.3% | -21.5% | -3.8% | -2.2% | +17.7% | +23.8% | |
| P/FCF | 12.93 | 11.62 | 9.15 | 11.05 | 7.74 | 5.93 | 7.14 | 7.69 | 9.84 | 7.23 | 8.81 | 10.07 | 17.27 |
| — | +96.0% | +28.3% | +43.7% | -21.4% | -18.0% | -19.0% | -23.6% | -43.0% | -11.6% | +49.7% | +43.5% | +92.7% | |
| EV / EBITDA | 12.46 | 11.04 | 11.23 | 10.06 | 9.94 | 9.48 | 9.78 | 11.24 | 9.66 | 9.71 | 10.13 | 15.03 | 11.10 |
| — | +16.5% | +14.8% | -10.5% | +3.0% | -2.4% | -3.5% | -25.2% | -13.0% | -1.6% | -7.7% | +38.3% | -31.7% | |
| EV / EBIT | 17.89 | 16.13 | 16.42 | 15.05 | 16.01 | 9.23 | 15.77 | 14.54 | 11.37 | 12.86 | 10.45 | 20.72 | 18.80 |
| — | +74.7% | +4.2% | +3.5% | +40.8% | -28.2% | +50.9% | -29.8% | -39.6% | +8.6% | -8.6% | +39.0% | +44.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
FLEX LNG Ltd.'s operating margin was 48.7% in Q4 2025, down 0.3 pp QoQ and down 6.2 pp YoY. This marks the 6th consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 50.6% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 12.4% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.9% | 50.6% | 51.2% | 53.3% | 56.3% | 57.8% | 59.0% | 55.8% | 60.4% | 61.5% | 61.8% | 58.1% | 63.7% |
| — | -12.4% | -13.3% | -4.4% | -6.7% | -6.1% | -4.6% | -4.1% | -5.2% | -4.8% | +2.4% | -2.7% | +15.6% | |
| Operating Margin | 50.6% | 48.7% | 49.0% | 51.1% | 53.4% | 54.9% | 56.9% | 52.5% | 57.6% | 59.4% | 59.4% | 55.6% | 59.5% |
| — | -11.2% | -13.8% | -2.7% | -7.2% | -7.6% | -4.2% | -5.5% | -3.2% | -4.7% | +2.7% | -3.4% | +15.6% | |
| Net Margin | 21.5% | 24.6% | 19.6% | 20.6% | 21.2% | 49.7% | 19.2% | 25.8% | 36.8% | 19.9% | 47.7% | 45.0% | 17.9% |
| — | -50.5% | +2.0% | -20.1% | -42.5% | +149.3% | -59.7% | -42.7% | +106.0% | -52.9% | -6.6% | -14.5% | -76.1% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.8% | 3.0% | 2.2% | 2.3% | 2.4% | 5.6% | 2.1% | 2.6% | 3.9% | 2.3% | 5.2% | 4.5% | 1.9% |
| — | -47.4% | +4.7% | -12.7% | -40.2% | +149.7% | -58.6% | -41.5% | +111.6% | -51.1% | -0.1% | -8.1% | -70.1% | |
| ROA | 2.8% | 0.8% | 0.6% | 0.7% | 0.7% | 1.7% | 0.7% | 0.8% | 1.2% | 0.7% | 1.6% | 1.4% | 0.6% |
| — | -53.3% | -5.9% | -17.9% | -42.7% | +145.7% | -58.5% | -41.0% | +105.0% | -54.5% | -7.6% | -18.0% | -72.3% | |
| ROIC | 6.1% | 1.5% | 1.5% | 1.5% | 1.6% | 1.7% | 1.8% | 1.5% | 1.8% | 1.9% | 1.5% | 1.3% | 1.8% |
| — | -12.3% | -15.3% | +2.0% | -6.9% | -10.2% | +14.6% | +15.3% | -2.7% | -3.9% | -10.1% | -2.9% | +68.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
FLEX LNG Ltd.'s Debt/EBITDA ratio is 29.7x — elevated, raising questions about debt serviceability. Debt/Equity has risen for 6 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.57 | 2.57 | 2.54 | 2.30 | 2.27 | 2.24 | 2.09 | 2.14 | 2.06 | 2.14 | 2.10 | 3.22 | 2.17 |
| — | +14.5% | +21.7% | +7.7% | +10.3% | +5.0% | -0.8% | -33.6% | -5.1% | +13.1% | +10.6% | +71.4% | -14.8% | |
| Debt / EBITDA | 7.32 | 29.69 | 30.51 | 27.89 | 27.11 | 26.28 | 23.74 | 27.77 | 24.59 | 23.69 | 24.55 | 42.12 | 26.02 |
| — | +13.0% | +28.6% | +0.4% | +10.2% | +10.9% | -3.3% | -34.1% | -5.5% | +9.5% | +2.9% | +63.8% | -36.6% | |
| Current Ratio | 3.03 | 3.03 | 3.10 | 2.84 | 2.77 | 2.99 | 2.21 | 2.57 | 2.80 | 2.89 | 2.90 | 2.91 | 3.23 |
| — | +1.6% | +39.9% | +10.3% | -1.0% | +3.4% | -23.7% | -11.7% | -13.4% | +25.1% | +53.7% | +14.8% | +106.5% | |
| Quick Ratio | 2.98 | 2.98 | 3.05 | 2.81 | 2.74 | 2.96 | 2.18 | 2.54 | 2.76 | 2.86 | 2.87 | 2.88 | 3.20 |
| — | +0.8% | +40.0% | +10.5% | -0.8% | +3.5% | -24.0% | -11.8% | -13.6% | +25.5% | +54.7% | +15.3% | +110.0% | |
| Interest Coverage | 1.90 | 1.86 | 1.80 | 1.81 | 2.14 | 1.96 | 1.96 | 1.64 | 1.95 | 2.09 | 2.04 | 1.77 | 2.09 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying FLNG stock.
FLEX LNG Ltd.'s current P/E is 23.4x. The average P/E over the last 4 quarters is 17.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
FLEX LNG Ltd.'s current operating margin is 50.6%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking FLEX LNG Ltd.'s business trajectory between earnings reports.