FLEX LNG Ltd. (FLNG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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FLNG Revenue Growth
FLNG Revenue Analysis (2014–2025)
As of May 8, 2026, FLEX LNG Ltd. (FLNG) generated trailing twelve-month (TTM) revenue of $347.6 million, reflecting slight decline in growth of -3.7% year-over-year. The most recent quarter (Q4 2025) recorded $87.5 million in revenue, up 2.2% sequentially.
Looking at the longer-term picture, FLNG's 5-year compound annual growth rate (CAGR) stands at +16.1%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $371.0 million in 2023.
When compared to Energy sector peers including GLNG (+51.1% YoY), CLCO (-1.7% YoY), and DLNG (+4.3% YoY), FLNG has underperformed the peer group in terms of revenue growth. Compare FLNG vs GLNG →
FLNG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FLNGCurrent | $348M | -3.7% | +16.1% | 50.6% | |
 GLNG | $394M | +51.1% | -2.1% | 34.4% | |
 CLCO | $323M | -1.7% | - | 50.5% | |
 DLNG | $156M | +4.3% | +3.6% | 49.5% | |
 TK | $1.2B | -26.0% | -8.7% | 29.9% | |
 TNK | $952M | -26.3% | +1.4% | 22.6% |
FLNG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $347.6M | -2.4% | $183.8M | 52.9% | $175.8M | 50.6% |
| 2024 | $356.3M | -4.0% | $207.6M | 58.3% | $197.8M | 55.5% |
| 2023 | $371.0M | +6.6% | $227.6M | 61.4% | $217.2M | 58.5% |
| 2022 | $347.9M | +1.3% | $209.8M | 60.3% | $200.6M | 57.7% |
| 2021 | $343.4M | +108.8% | $209.0M | 60.9% | $201.2M | 58.6% |
| 2020 | $164.5M | +37.1% | $81.9M | 49.8% | $75.6M | 46.0% |
| 2019 | $120.0M | +55.4% | $62.5M | 52.1% | $55.0M | 45.9% |
| 2018 | $77.2M | +182.5% | $33.6M | 43.6% | $29.0M | 37.6% |
| 2017 | $27.3M | - | $-10,245,000 | -37.5% | $-12,614,000 | -46.2% |
| 2016 | $0 | - | $-743,000 | - | $-1,485,000 | - |
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Start ComparisonFLNG — Frequently Asked Questions
Quick answers to the most common questions about buying FLNG stock.
Is FLNG's revenue growth accelerating or slowing?
FLNG revenue growth slowed to -3.7%, below the 5-year CAGR of +16.1%. TTM revenue is $348M. The deceleration marks a shift from historical growth rates.
What is FLNG's long-term revenue growth rate?
FLEX LNG Ltd.'s 5-year revenue CAGR of +16.1% reflects the variable expansion pattern. Current YoY growth of -3.7% is near this long-term average.
How is FLNG's revenue distributed by segment?
FLNG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.