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Side-by-side financial comparison of Flex LNG Ltd. (FLNG) and INTERNATIONAL BANCSHARES CORP (IBOC). Click either name above to swap in a different company.

INTERNATIONAL BANCSHARES CORP is the larger business by last-quarter revenue ($217.7M vs $173.2M, roughly 1.3× Flex LNG Ltd.). INTERNATIONAL BANCSHARES CORP runs the higher net margin — 62.3% vs 22.2%, a 40.2% gap on every dollar of revenue. On growth, INTERNATIONAL BANCSHARES CORP posted the faster year-over-year revenue change (4.5% 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 ...

International Bancshares Corporation is a bank holding company based in Laredo, Texas whose primary subsidiary is International Bank of Commerce. Through its bank subsidiaries, it has 217 banking offices and 315 automated teller machines serving 88 communities in the U.S. states of Texas and Oklahoma.

FLNG vs IBOC — Head-to-Head

Bigger by revenue
IBOC
IBOC
1.3× larger
IBOC
$217.7M
$173.2M
FLNG
Growing faster (revenue YoY)
IBOC
IBOC
+9.1% gap
IBOC
4.5%
-4.5%
FLNG
Higher net margin
IBOC
IBOC
40.2% more per $
IBOC
62.3%
22.2%
FLNG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLNG
FLNG
IBOC
IBOC
Revenue
$173.2M
$217.7M
Net Profit
$38.4M
$106.9M
Gross Margin
Operating Margin
48.9%
62.8%
Net Margin
22.2%
62.3%
Revenue YoY
-4.5%
4.5%
Net Profit YoY
-38.7%
-7.1%
EPS (diluted)
$0.71
$1.71

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
IBOC
IBOC
Q4 25
$173.2M
$217.7M
Q3 25
$218.1M
Q2 25
$208.2M
Q1 25
$198.2M
Q4 24
$181.4M
$208.3M
Q3 24
$211.8M
Q2 24
$207.8M
Q1 24
$205.8M
Net Profit
FLNG
FLNG
IBOC
IBOC
Q4 25
$38.4M
$106.9M
Q3 25
$108.4M
Q2 25
$100.1M
Q1 25
$96.9M
Q4 24
$62.6M
$115.1M
Q3 24
$99.8M
Q2 24
$97.0M
Q1 24
$97.3M
Operating Margin
FLNG
FLNG
IBOC
IBOC
Q4 25
48.9%
62.8%
Q3 25
62.6%
Q2 25
60.5%
Q1 25
61.1%
Q4 24
55.9%
64.2%
Q3 24
60.0%
Q2 24
60.1%
Q1 24
59.9%
Net Margin
FLNG
FLNG
IBOC
IBOC
Q4 25
22.2%
62.3%
Q3 25
49.7%
Q2 25
48.1%
Q1 25
48.9%
Q4 24
34.5%
71.5%
Q3 24
47.1%
Q2 24
46.7%
Q1 24
47.3%
EPS (diluted)
FLNG
FLNG
IBOC
IBOC
Q4 25
$0.71
$1.71
Q3 25
$1.74
Q2 25
$1.61
Q1 25
$1.56
Q4 24
$1.16
$1.85
Q3 24
$1.60
Q2 24
$1.56
Q1 24
$1.56

Balance Sheet & Financial Strength

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

Metric
FLNG
FLNG
IBOC
IBOC
Cash + ST InvestmentsLiquidity on hand
$447.6M
$5.5B
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$719.3M
$3.3B
Total Assets
$2.6B
$16.6B
Debt / EquityLower = less leverage
2.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNG
FLNG
IBOC
IBOC
Q4 25
$447.6M
$5.5B
Q3 25
$5.6B
Q2 25
$5.8B
Q1 25
$5.6B
Q4 24
$437.2M
$5.4B
Q3 24
$5.8B
Q2 24
$5.7B
Q1 24
$5.7B
Total Debt
FLNG
FLNG
IBOC
IBOC
Q4 25
$1.9B
Q3 25
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FLNG
FLNG
IBOC
IBOC
Q4 25
$719.3M
$3.3B
Q3 25
$3.1B
Q2 25
$3.0B
Q1 25
$2.9B
Q4 24
$806.6M
$2.8B
Q3 24
$2.7B
Q2 24
$2.6B
Q1 24
$2.5B
Total Assets
FLNG
FLNG
IBOC
IBOC
Q4 25
$2.6B
$16.6B
Q3 25
$16.6B
Q2 25
$16.5B
Q1 25
$16.3B
Q4 24
$2.7B
$15.7B
Q3 24
$15.9B
Q2 24
$15.5B
Q1 24
$15.4B
Debt / Equity
FLNG
FLNG
IBOC
IBOC
Q4 25
2.59×
Q3 25
Q2 25
Q1 25
Q4 24
2.26×
Q3 24
Q2 24
Q1 24

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
IBOC
IBOC
Operating Cash FlowLast quarter
$73.7M
$491.1M
Free Cash FlowOCF − Capex
$472.9M
FCF MarginFCF / Revenue
217.2%
Capex IntensityCapex / Revenue
8.3%
Cash ConversionOCF / Net Profit
1.92×
4.59×
TTM Free Cash FlowTrailing 4 quarters
$809.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNG
FLNG
IBOC
IBOC
Q4 25
$73.7M
$491.1M
Q3 25
$115.2M
Q2 25
$95.5M
Q1 25
$140.5M
Q4 24
$100.4M
$473.9M
Q3 24
$116.5M
Q2 24
$107.2M
Q1 24
$135.4M
Free Cash Flow
FLNG
FLNG
IBOC
IBOC
Q4 25
$472.9M
Q3 25
$112.2M
Q2 25
$91.6M
Q1 25
$133.1M
Q4 24
$459.8M
Q3 24
$109.6M
Q2 24
$104.9M
Q1 24
$128.9M
FCF Margin
FLNG
FLNG
IBOC
IBOC
Q4 25
217.2%
Q3 25
51.5%
Q2 25
44.0%
Q1 25
67.1%
Q4 24
220.8%
Q3 24
51.7%
Q2 24
50.5%
Q1 24
62.6%
Capex Intensity
FLNG
FLNG
IBOC
IBOC
Q4 25
8.3%
Q3 25
1.3%
Q2 25
1.9%
Q1 25
3.7%
Q4 24
6.8%
Q3 24
3.3%
Q2 24
1.1%
Q1 24
3.2%
Cash Conversion
FLNG
FLNG
IBOC
IBOC
Q4 25
1.92×
4.59×
Q3 25
1.06×
Q2 25
0.95×
Q1 25
1.45×
Q4 24
1.60×
4.12×
Q3 24
1.17×
Q2 24
1.11×
Q1 24
1.39×

Financial Flow Comparison

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

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