FLEX LNG Ltd. (FLNG) Revenue History
Annual and quarterly revenue from 2008 to present
FLNG Revenue Over Time (2008–2025)
FLNG Revenue Growth History
6 of 8 years with positive growth- FY2008 revenue growth
- N/A
- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- N/A
- FY2011 revenue growth
- N/A
- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- N/A
- FY2014 revenue growth
- N/A
- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +182.5%
- FY2019 revenue growth
- +55.4%
- FY2020 revenue growth
- +37.1%
- FY2021 revenue growth
- +108.8%
- FY2022 revenue growth
- +1.3%
- FY2023 revenue growth
- +6.6%
- FY2024 revenue growth
- -4.0%
- FY2025 revenue growth
- -2.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $80.5M | -9.0% |
| Q4 2025 | $87.5M | -3.7% |
| Q3 2025 | $85.7M | -5.3% |
| Q2 2025 | $86.0M | +1.5% |
| Q1 2025 | $88.4M | -2.0% |
| Q4 2024 | $90.9M | -6.5% |
| Q3 2024 | $90.5M | -4.3% |
| Q2 2024 | $84.7M | -2.3% |
Multi-year avg. share of annual revenue by fiscal quarter
FLNG Revenue Analysis (2008–2025)
Current Revenue & Growth
As of July 8, 2026, FLEX LNG Ltd. (FLNG) generated trailing twelve-month (TTM) revenue of $339.7 million, reflecting moderate decline in growth of -9.0% year-over-year. The most recent quarter (Q1 2026) recorded $80.5 million in revenue, down 8.1% sequentially.
Historical Growth Trajectory
FLNG's 5-year compound annual growth rate (CAGR) stands at +16.1%, indicating consistent double-digit revenue growth. The 3-year CAGR of -0.0% is below the 5-year average, signalling a growth deceleration in recent years. FLEX LNG Ltd.'s highest annual revenue of $371.0 million was recorded in 2023.
Peer Comparison
Compared to Energy sector peers — including GLNG (+81.7% YoY), CLCO (-1.7% YoY), and DLNG (+0.0% YoY) — FLNG has underperformed the peer group in 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 | $340M | -9.0% | +16.1% | 50.6% | |
 GLNG | $394M | +81.7% | -2.1% | 34.4% | |
 CLCO | $323M | -1.7% | - | 50.5% | |
 DLNG | $157M | +0.0% | +2.7% | 48.1% | |
 TK | $950M | -26.0% | -12.2% | 21.8% | |
 TNK | $952M | -12.8% | +1.4% | 22.6% |
FLNG Historical Revenue Data (2008–2025)
| 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 | - |
| 2015 | $0 | - | $-815,000 | - | $-2,231,000 | - |
| 2014 | $0 | - | $-870,000 | - | $-2,590,000 | - |
| 2013 | $0 | - | $-1,155,000 | - | $205.5M | - |
| 2012 | $0 | - | $2.3M | - | $3.1M | - |
| 2011 | $0 | - | $0 | - | $-125,724,000 | - |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
18+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FLNG — Frequently Asked Questions
Quick answers to the most common questions about buying FLNG stock.
Is FLNG's revenue growth accelerating or slowing?
FLNG revenue is declining -9.0% year-over-year. TTM revenue fell to $340M, contrasting with the 5-year CAGR of +16.1%. The reversal reflects either macro headwinds or company-specific challenges.
What is FLNG's revenue history from 2008 to 2026?
FLEX LNG Ltd. (FLNG) revenue history spans 2008 to 2026. TTM revenue as of 2026 is $340M, growing at -9.0% YoY. The 5-year CAGR is +16.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is FLNG's long-term revenue growth rate (CAGR)?
FLEX LNG Ltd.'s 5-year revenue CAGR of +16.1% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -9.0% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for FLNG.
Why does FLNG's quarterly revenue fluctuate?
FLNG quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. FLEX LNG Ltd.'s revenue data from 2008 to 2026 shows full historical quarterly detail on this page.
How is FLNG's revenue distributed by segment?
FLNG reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does FLNG's revenue compare to industry peers?
FLEX LNG Ltd. (FLNG) with TTM revenue of $340M and -9.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.