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Side-by-side financial comparison of Flex LNG Ltd. (FLNG) and MACERICH CO (MAC). Click either name above to swap in a different company.

MACERICH CO is the larger business by last-quarter revenue ($261.7M vs $173.2M, roughly 1.5× Flex LNG Ltd.). Flex LNG Ltd. runs the higher net margin — 22.2% vs -7.2%, a 29.3% gap on every dollar of revenue. On growth, MACERICH CO posted the faster year-over-year revenue change (-4.4% 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 ...

The Macerich Company is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2024, the company owned interests in 43 properties comprising 43 million square feet of leasable area. The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen.

FLNG vs MAC — Head-to-Head

Bigger by revenue
MAC
MAC
1.5× larger
MAC
$261.7M
$173.2M
FLNG
Growing faster (revenue YoY)
MAC
MAC
+0.1% gap
MAC
-4.4%
-4.5%
FLNG
Higher net margin
FLNG
FLNG
29.3% more per $
FLNG
22.2%
-7.2%
MAC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLNG
FLNG
MAC
MAC
Revenue
$173.2M
$261.7M
Net Profit
$38.4M
$-18.8M
Gross Margin
Operating Margin
48.9%
Net Margin
22.2%
-7.2%
Revenue YoY
-4.5%
-4.4%
Net Profit YoY
-38.7%
91.1%
EPS (diluted)
$0.71
$-0.08

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
MAC
MAC
Q4 25
$173.2M
$261.7M
Q3 25
$253.3M
Q2 25
$249.8M
Q1 25
$249.2M
Q4 24
$181.4M
$273.7M
Q3 24
$220.2M
Q2 24
$215.5M
Q1 24
$208.8M
Net Profit
FLNG
FLNG
MAC
MAC
Q4 25
$38.4M
$-18.8M
Q3 25
$-87.4M
Q2 25
$-40.9M
Q1 25
$-50.1M
Q4 24
$62.6M
$-211.2M
Q3 24
$-108.2M
Q2 24
$252.0M
Q1 24
$-126.7M
Operating Margin
FLNG
FLNG
MAC
MAC
Q4 25
48.9%
Q3 25
Q2 25
Q1 25
Q4 24
55.9%
Q3 24
Q2 24
Q1 24
Net Margin
FLNG
FLNG
MAC
MAC
Q4 25
22.2%
-7.2%
Q3 25
-34.5%
Q2 25
-16.4%
Q1 25
-20.1%
Q4 24
34.5%
-77.2%
Q3 24
-49.1%
Q2 24
116.9%
Q1 24
-60.7%
EPS (diluted)
FLNG
FLNG
MAC
MAC
Q4 25
$0.71
$-0.08
Q3 25
$-0.34
Q2 25
$-0.16
Q1 25
$-0.20
Q4 24
$1.16
$-0.95
Q3 24
$-0.50
Q2 24
$1.16
Q1 24
$-0.59

Balance Sheet & Financial Strength

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

Metric
FLNG
FLNG
MAC
MAC
Cash + ST InvestmentsLiquidity on hand
$447.6M
$280.2M
Total DebtLower is stronger
$1.9B
$5.1B
Stockholders' EquityBook value
$719.3M
$2.4B
Total Assets
$2.6B
$8.4B
Debt / EquityLower = less leverage
2.59×
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNG
FLNG
MAC
MAC
Q4 25
$447.6M
$280.2M
Q3 25
$290.2M
Q2 25
$131.1M
Q1 25
$253.2M
Q4 24
$437.2M
$89.9M
Q3 24
$116.5M
Q2 24
$70.7M
Q1 24
$120.1M
Total Debt
FLNG
FLNG
MAC
MAC
Q4 25
$1.9B
$5.1B
Q3 25
$5.1B
Q2 25
$5.2B
Q1 25
$5.2B
Q4 24
$1.8B
$4.9B
Q3 24
$4.3B
Q2 24
$4.4B
Q1 24
$4.1B
Stockholders' Equity
FLNG
FLNG
MAC
MAC
Q4 25
$719.3M
$2.4B
Q3 25
$2.5B
Q2 25
$2.6B
Q1 25
$2.7B
Q4 24
$806.6M
$2.8B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.3B
Total Assets
FLNG
FLNG
MAC
MAC
Q4 25
$2.6B
$8.4B
Q3 25
$8.4B
Q2 25
$8.7B
Q1 25
$8.7B
Q4 24
$2.7B
$8.6B
Q3 24
$7.6B
Q2 24
$7.8B
Q1 24
$7.4B
Debt / Equity
FLNG
FLNG
MAC
MAC
Q4 25
2.59×
2.07×
Q3 25
2.02×
Q2 25
2.02×
Q1 25
1.96×
Q4 24
2.26×
1.78×
Q3 24
1.73×
Q2 24
1.75×
Q1 24
1.79×

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
MAC
MAC
Operating Cash FlowLast quarter
$73.7M
$50.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNG
FLNG
MAC
MAC
Q4 25
$73.7M
$50.2M
Q3 25
$112.4M
Q2 25
$70.5M
Q1 25
$88.5M
Q4 24
$100.4M
$54.9M
Q3 24
$100.0M
Q2 24
$67.4M
Q1 24
$61.1M
Cash Conversion
FLNG
FLNG
MAC
MAC
Q4 25
1.92×
Q3 25
Q2 25
Q1 25
Q4 24
1.60×
Q3 24
Q2 24
0.27×
Q1 24

Financial Flow Comparison

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

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