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Side-by-side financial comparison of Flex LNG Ltd. (FLNG) and MONARCH CASINO & RESORT INC (MCRI). Click either name above to swap in a different company.

Flex LNG Ltd. is the larger business by last-quarter revenue ($173.2M vs $136.6M, roughly 1.3× MONARCH CASINO & RESORT INC). Flex LNG Ltd. runs the higher net margin — 22.2% vs 20.2%, a 1.9% gap on every dollar of revenue. On growth, MONARCH CASINO & RESORT INC posted the faster year-over-year revenue change (8.9% 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 Atlantis Casino Resort Spa is a hotel and casino located in Reno, Nevada, United States. It is owned and operated by Monarch Casino & Resort, Inc. Its three hotel towers have a combined 824 guest rooms and suites. The casino floor spans 64,814 sq ft. Often known simply as "Atlantis," it is one of Reno's most profitable and luxurious properties, competing directly with Peppermill Hotel Casino and Grand Sierra Resort for customers. Nearly $150 million has been spent on upgrading the facility.

FLNG vs MCRI — Head-to-Head

Bigger by revenue
FLNG
FLNG
1.3× larger
FLNG
$173.2M
$136.6M
MCRI
Growing faster (revenue YoY)
MCRI
MCRI
+13.4% gap
MCRI
8.9%
-4.5%
FLNG
Higher net margin
FLNG
FLNG
1.9% more per $
FLNG
22.2%
20.2%
MCRI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FLNG
FLNG
MCRI
MCRI
Revenue
$173.2M
$136.6M
Net Profit
$38.4M
$27.6M
Gross Margin
Operating Margin
48.9%
25.6%
Net Margin
22.2%
20.2%
Revenue YoY
-4.5%
8.9%
Net Profit YoY
-38.7%
38.9%
EPS (diluted)
$0.71
$1.52

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
MCRI
MCRI
Q1 26
$136.6M
Q4 25
$173.2M
$140.0M
Q3 25
$142.8M
Q2 25
$136.9M
Q1 25
$125.4M
Q4 24
$181.4M
$134.5M
Q3 24
$137.9M
Q2 24
$128.1M
Net Profit
FLNG
FLNG
MCRI
MCRI
Q1 26
$27.6M
Q4 25
$38.4M
$22.9M
Q3 25
$31.6M
Q2 25
$27.0M
Q1 25
$19.9M
Q4 24
$62.6M
$4.2M
Q3 24
$27.6M
Q2 24
$22.7M
Gross Margin
FLNG
FLNG
MCRI
MCRI
Q1 26
Q4 25
20.8%
Q3 25
26.7%
Q2 25
25.5%
Q1 25
20.2%
Q4 24
2.9%
Q3 24
25.6%
Q2 24
23.0%
Operating Margin
FLNG
FLNG
MCRI
MCRI
Q1 26
25.6%
Q4 25
48.9%
21.3%
Q3 25
27.1%
Q2 25
25.8%
Q1 25
20.4%
Q4 24
55.9%
3.1%
Q3 24
25.5%
Q2 24
22.9%
Net Margin
FLNG
FLNG
MCRI
MCRI
Q1 26
20.2%
Q4 25
22.2%
16.4%
Q3 25
22.1%
Q2 25
19.7%
Q1 25
15.8%
Q4 24
34.5%
3.1%
Q3 24
20.0%
Q2 24
17.7%
EPS (diluted)
FLNG
FLNG
MCRI
MCRI
Q1 26
$1.52
Q4 25
$0.71
$1.25
Q3 25
$1.69
Q2 25
$1.44
Q1 25
$1.05
Q4 24
$1.16
$0.25
Q3 24
$1.47
Q2 24
$1.19

Balance Sheet & Financial Strength

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

Metric
FLNG
FLNG
MCRI
MCRI
Cash + ST InvestmentsLiquidity on hand
$447.6M
$120.1M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$719.3M
$549.8M
Total Assets
$2.6B
$725.2M
Debt / EquityLower = less leverage
2.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNG
FLNG
MCRI
MCRI
Q1 26
$120.1M
Q4 25
$447.6M
Q3 25
Q2 25
Q1 25
Q4 24
$437.2M
Q3 24
Q2 24
Total Debt
FLNG
FLNG
MCRI
MCRI
Q1 26
Q4 25
$1.9B
Q3 25
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Stockholders' Equity
FLNG
FLNG
MCRI
MCRI
Q1 26
$549.8M
Q4 25
$719.3M
$537.7M
Q3 25
$558.4M
Q2 25
$539.2M
Q1 25
$535.6M
Q4 24
$806.6M
$517.7M
Q3 24
$513.3M
Q2 24
$498.4M
Total Assets
FLNG
FLNG
MCRI
MCRI
Q1 26
$725.2M
Q4 25
$2.6B
$712.8M
Q3 25
$725.4M
Q2 25
$705.8M
Q1 25
$712.1M
Q4 24
$2.7B
$691.6M
Q3 24
$671.1M
Q2 24
$672.4M
Debt / Equity
FLNG
FLNG
MCRI
MCRI
Q1 26
Q4 25
2.59×
Q3 25
Q2 25
Q1 25
Q4 24
2.26×
Q3 24
Q2 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
MCRI
MCRI
Operating Cash FlowLast quarter
$73.7M
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
MCRI
MCRI
Q1 26
Q4 25
$73.7M
$38.1M
Q3 25
$56.0M
Q2 25
$34.1M
Q1 25
$36.5M
Q4 24
$100.4M
$37.8M
Q3 24
$40.3M
Q2 24
$24.3M
Free Cash Flow
FLNG
FLNG
MCRI
MCRI
Q1 26
Q4 25
$32.2M
Q3 25
$53.5M
Q2 25
$26.0M
Q1 25
$16.6M
Q4 24
$26.2M
Q3 24
$35.4M
Q2 24
$11.0M
FCF Margin
FLNG
FLNG
MCRI
MCRI
Q1 26
Q4 25
23.0%
Q3 25
37.5%
Q2 25
19.0%
Q1 25
13.3%
Q4 24
19.5%
Q3 24
25.7%
Q2 24
8.5%
Capex Intensity
FLNG
FLNG
MCRI
MCRI
Q1 26
Q4 25
4.2%
Q3 25
1.7%
Q2 25
5.9%
Q1 25
15.8%
Q4 24
8.6%
Q3 24
3.6%
Q2 24
10.4%
Cash Conversion
FLNG
FLNG
MCRI
MCRI
Q1 26
Q4 25
1.92×
1.66×
Q3 25
1.77×
Q2 25
1.26×
Q1 25
1.84×
Q4 24
1.60×
8.98×
Q3 24
1.46×
Q2 24
1.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLNG
FLNG

Segment breakdown not available.

MCRI
MCRI

Casino$79.7M58%
Food and beverage$31.7M23%
Hotel$19.0M14%
Other$6.1M5%

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