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Side-by-side financial comparison of Flex LNG Ltd. (FLNG) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.

Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $173.2M, roughly 1.6× Flex LNG Ltd.). Flex LNG Ltd. runs the higher net margin — 22.2% vs 5.6%, a 16.5% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -4.5%).

Golar LNG owns and operates marine LNG infrastructure. The company had developed Floating LNG liquefaction terminal (FLNG) and Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers. Front End Engineering and Design (FEED) studies have now been completed for a larger newbuild FLNG solution. Golar is also collaborating with another industry leader to investigate solutions for the floating production of blue and green ammonia as well as carbon ...

Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...

FLNG vs FOR — Head-to-Head

Bigger by revenue
FOR
FOR
1.6× larger
FOR
$273.0M
$173.2M
FLNG
Growing faster (revenue YoY)
FOR
FOR
+13.5% gap
FOR
9.0%
-4.5%
FLNG
Higher net margin
FLNG
FLNG
16.5% more per $
FLNG
22.2%
5.6%
FOR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FLNG
FLNG
FOR
FOR
Revenue
$173.2M
$273.0M
Net Profit
$38.4M
$15.4M
Gross Margin
20.1%
Operating Margin
48.9%
7.6%
Net Margin
22.2%
5.6%
Revenue YoY
-4.5%
9.0%
Net Profit YoY
-38.7%
-6.7%
EPS (diluted)
$0.71
$0.30

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FLNG
FLNG
FOR
FOR
Q4 25
$173.2M
$273.0M
Q3 25
$670.5M
Q2 25
$390.5M
Q1 25
$351.0M
Q4 24
$181.4M
$250.4M
Q3 24
$551.3M
Q2 24
$318.4M
Q1 24
$333.8M
Net Profit
FLNG
FLNG
FOR
FOR
Q4 25
$38.4M
$15.4M
Q3 25
$86.9M
Q2 25
$32.9M
Q1 25
$31.6M
Q4 24
$62.6M
$16.5M
Q3 24
$81.5M
Q2 24
$38.7M
Q1 24
$45.0M
Gross Margin
FLNG
FLNG
FOR
FOR
Q4 25
20.1%
Q3 25
22.3%
Q2 25
20.4%
Q1 25
22.6%
Q4 24
22.0%
Q3 24
23.9%
Q2 24
22.5%
Q1 24
24.9%
Operating Margin
FLNG
FLNG
FOR
FOR
Q4 25
48.9%
7.6%
Q3 25
16.9%
Q2 25
11.2%
Q1 25
11.6%
Q4 24
55.9%
8.7%
Q3 24
19.7%
Q2 24
16.2%
Q1 24
17.6%
Net Margin
FLNG
FLNG
FOR
FOR
Q4 25
22.2%
5.6%
Q3 25
13.0%
Q2 25
8.4%
Q1 25
9.0%
Q4 24
34.5%
6.6%
Q3 24
14.8%
Q2 24
12.2%
Q1 24
13.5%
EPS (diluted)
FLNG
FLNG
FOR
FOR
Q4 25
$0.71
$0.30
Q3 25
$1.70
Q2 25
$0.65
Q1 25
$0.62
Q4 24
$1.16
$0.32
Q3 24
$1.59
Q2 24
$0.76
Q1 24
$0.89

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLNG
FLNG
FOR
FOR
Cash + ST InvestmentsLiquidity on hand
$447.6M
$211.7M
Total DebtLower is stronger
$1.9B
$793.2M
Stockholders' EquityBook value
$719.3M
$1.8B
Total Assets
$2.6B
$3.2B
Debt / EquityLower = less leverage
2.59×
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNG
FLNG
FOR
FOR
Q4 25
$447.6M
$211.7M
Q3 25
$379.2M
Q2 25
$189.2M
Q1 25
$174.3M
Q4 24
$437.2M
$132.0M
Q3 24
$481.2M
Q2 24
$359.2M
Q1 24
$416.2M
Total Debt
FLNG
FLNG
FOR
FOR
Q4 25
$1.9B
$793.2M
Q3 25
$802.7M
Q2 25
$872.8M
Q1 25
$872.5M
Q4 24
$1.8B
$806.8M
Q3 24
$706.4M
Q2 24
$706.1M
Q1 24
$705.7M
Stockholders' Equity
FLNG
FLNG
FOR
FOR
Q4 25
$719.3M
$1.8B
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$806.6M
$1.6B
Q3 24
$1.6B
Q2 24
$1.5B
Q1 24
$1.5B
Total Assets
FLNG
FLNG
FOR
FOR
Q4 25
$2.6B
$3.2B
Q3 25
$3.1B
Q2 25
$3.1B
Q1 25
$3.0B
Q4 24
$2.7B
$3.0B
Q3 24
$2.8B
Q2 24
$2.7B
Q1 24
$2.6B
Debt / Equity
FLNG
FLNG
FOR
FOR
Q4 25
2.59×
0.44×
Q3 25
0.45×
Q2 25
0.52×
Q1 25
0.53×
Q4 24
2.26×
0.50×
Q3 24
0.44×
Q2 24
0.47×
Q1 24
0.48×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FLNG
FLNG
FOR
FOR
Operating Cash FlowLast quarter
$73.7M
$-157.0M
Free Cash FlowOCF − Capex
$-157.1M
FCF MarginFCF / Revenue
-57.5%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.92×
-10.19×
TTM Free Cash FlowTrailing 4 quarters
$93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNG
FLNG
FOR
FOR
Q4 25
$73.7M
$-157.0M
Q3 25
$256.3M
Q2 25
$15.8M
Q1 25
$-19.8M
Q4 24
$100.4M
$-450.0M
Q3 24
$119.2M
Q2 24
$-61.7M
Q1 24
$-59.2M
Free Cash Flow
FLNG
FLNG
FOR
FOR
Q4 25
$-157.1M
Q3 25
$255.6M
Q2 25
$15.0M
Q1 25
$-20.5M
Q4 24
Q3 24
$118.4M
Q2 24
$-62.3M
Q1 24
$-59.8M
FCF Margin
FLNG
FLNG
FOR
FOR
Q4 25
-57.5%
Q3 25
38.1%
Q2 25
3.8%
Q1 25
-5.8%
Q4 24
Q3 24
21.5%
Q2 24
-19.6%
Q1 24
-17.9%
Capex Intensity
FLNG
FLNG
FOR
FOR
Q4 25
0.0%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.2%
Q1 24
0.2%
Cash Conversion
FLNG
FLNG
FOR
FOR
Q4 25
1.92×
-10.19×
Q3 25
2.95×
Q2 25
0.48×
Q1 25
-0.63×
Q4 24
1.60×
-27.27×
Q3 24
1.46×
Q2 24
-1.59×
Q1 24
-1.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FLNG
FLNG

Segment breakdown not available.

FOR
FOR

D.R.Horton Inc.$183.8M67%
Other$89.2M33%

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