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Flex LNGOSTO:FLNGO 72 Gross Margin % is 45.68% as of Mar. 2026, which is 14% below its 10-year median of 52.86. GuruFocus rates OSTO:FLNGO with a GF Score™ of 72/100 and a GF Value™ of kr199.30. The stock has 9 warning signs investors should review. Among 870 Oil & Gas companies, Flex LNG ranks better than 79.2% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Flex LNG's Gross Profit for the
three
months ended in Mar. 2026 was kr355 Mil. Flex LNG's Revenue for the
three
months ended in Mar. 2026 was kr777 Mil. Therefore, Flex LNG's Gross Margin % for the quarter that ended in Mar. 2026 was 45.68%.
The historical rank and industry rank for Flex LNG's Gross Margin % or its related term are showing as below:
OSTO:FLNGo'
s Gross Margin % Range Over the Past 10 Years
Min: -33.68 Med: 52.86 Max: 61.35
Current: 50.27
During the past 13 years, the highestGross Margin % of Flex LNG was 61.35%. The lowest was -33.68%. And the median was 52.86%.
OSTO:FLNGo's Gross Margin % is ranked better than 79.2% of 870
companies
in the Oil & Gas industry
Industry Median: 25.74
vs OSTO:FLNGo: 50.27
Flex LNG had a gross margin of 45.68% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Flex LNG was 0.50% per year.
Flex LNG (OSTO:FLNGo) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Flex LNG had a gross margin of 45.68% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Flex LNG Gross Margin % Related Terms
Flex LNG Gross Margin % Historical Data
* Premium members only.
The historical data trend for Flex LNG's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
OSTO:FLNGO vs GLP, LPG, GEL: Gross Margin % Comparison
For the Oil & Gas Midstream subindustry, Flex LNG's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Flex LNG Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Flex LNG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Flex LNG's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Flex LNG (OSTO:FLNGO) has a Gross Margin % of 45.68% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Flex LNG and its competitors. This is 14% below median its historical median of 52.86. According to the industry distribution chart, Flex LNG ranks #181 out of 870 companies in the Oil & Gas industry, placing it in the top 20.8%.
Is Flex LNG's Gross Margin % too high?
Flex LNG's current Gross Margin % of 45.68% is 14% below median its 10-year median of 52.86. The Oil & Gas industry median Gross Margin % is 25.74. Flex LNG's value of 45.68% is 77.5% above this industry median. Based on the distribution chart, Flex LNG ranks #181 out of 870 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Flex LNG has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Flex LNG's Gross Margin % compare to GLP and LPG?
According to the Oil & Gas industry distribution chart, Flex LNG ranks #181 out of 870 companies for Gross Margin %. This places Flex LNG in the top 21% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 25.74. Flex LNG's value of 45.68% is 77.5% above this benchmark. While the company's 10-year median is 52.86 vs. the industry median of 25.74, Flex LNG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.74, based on 870 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Flex LNG's current Gross Margin % of 45.68% is 77.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Flex LNG and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flex LNG's current Gross Margin % is 45.68%, which is 14% below median its own 10-year median of 52.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flex LNG stock overvalued right now?
Flex LNG (OSTO:FLNGO) has a current Gross Margin % of 45.68%. The stock's GF Value™ is kr199.30, compared to a current price of kr244.50 — trading 22.7% above its estimated fair value. The current Gross Margin % is 45.68%, which is 14% below median its 10-year median of 52.86 and 77.5% above the Oil & Gas industry median of 25.74. Flex LNG's overall GF Score™ is 72/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Flex LNG (OSTO:FLNGO), the current Gross Margin % is 45.68% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Flex LNG (OSTO:FLNGO) Overvalued in 2026?
Based on GuruFocus' analysis, Flex LNG stock appears to be overvalued.
The current stock price of kr244.50 is trading 22.7% above its estimated GF Value™ of kr199.30.
Key valuation signals for OSTO:FLNGO:
Gross Margin %: 45.68% (14% below median its 10-year median of 52.86)
GF Value™: kr199.30 vs. price of kr244.50 (22.7% above fair value)
Industry Position: 77.5% above the Oil & Gas median (#181 of 870)
No single metric tells the full story. See the OSTO:FLNGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The company's fleet consists of several LNG carriers on the water, and all of its vessels are of the latest generation equipped with two-stroke propulsion. Its fleet consists of M-type, Electronically Controlled, Gas Injection (MEGI) LNG carriers and Generation X Dual Fuel (X-DF) LNG carriers, offering improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. The company has one reportable segment: vessel operations, which generates revenue from the chartering of vessels to customers.
72GF Score
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