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

Flex LNG Ltd. is the larger business by last-quarter revenue ($173.2M vs $74.3M, roughly 2.3× IMPINJ INC). Flex LNG Ltd. runs the higher net margin — 22.2% vs 11.2%, a 10.9% gap on every dollar of revenue. On growth, IMPINJ INC posted the faster year-over-year revenue change (-0.0% 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 ...

Impinj, Inc. is an American manufacturer of radio-frequency identification (RFID) devices and software. The company was founded in 2000 and is headquartered in Seattle, Washington. The company was started based on the research done at the California Institute of Technology by Carver Mead and Chris Diorio. Impinj currently produces EPC Class 1, Gen 2 passive UHF RFID chips, RFID readers, RFID reader chips, and RFID antennas, and software applications for encoding chips, and gathering business ...

FLNG vs PI — Head-to-Head

Bigger by revenue
FLNG
FLNG
2.3× larger
FLNG
$173.2M
$74.3M
PI
Growing faster (revenue YoY)
PI
PI
+4.5% gap
PI
-0.0%
-4.5%
FLNG
Higher net margin
FLNG
FLNG
10.9% more per $
FLNG
22.2%
11.2%
PI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FLNG
FLNG
PI
PI
Revenue
$173.2M
$74.3M
Net Profit
$38.4M
$8.3M
Gross Margin
49.1%
Operating Margin
48.9%
30.5%
Net Margin
22.2%
11.2%
Revenue YoY
-4.5%
-0.0%
Net Profit YoY
-38.7%
EPS (diluted)
$0.71
$0.14

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
PI
PI
Q1 26
$74.3M
Q4 25
$173.2M
$92.8M
Q3 25
$96.1M
Q2 25
$97.9M
Q1 25
$74.3M
Q4 24
$181.4M
$91.6M
Q3 24
$95.2M
Q2 24
$102.5M
Net Profit
FLNG
FLNG
PI
PI
Q1 26
$8.3M
Q4 25
$38.4M
$-1.1M
Q3 25
$-12.8M
Q2 25
$11.6M
Q1 25
$-8.5M
Q4 24
$62.6M
$-2.7M
Q3 24
$221.0K
Q2 24
$10.0M
Gross Margin
FLNG
FLNG
PI
PI
Q1 26
49.1%
Q4 25
51.8%
Q3 25
50.3%
Q2 25
57.8%
Q1 25
49.4%
Q4 24
50.5%
Q3 24
50.0%
Q2 24
56.1%
Operating Margin
FLNG
FLNG
PI
PI
Q1 26
30.5%
Q4 25
48.9%
-2.9%
Q3 25
0.7%
Q2 25
11.1%
Q1 25
-12.9%
Q4 24
55.9%
-3.9%
Q3 24
-0.8%
Q2 24
8.8%
Net Margin
FLNG
FLNG
PI
PI
Q1 26
11.2%
Q4 25
22.2%
-1.2%
Q3 25
-13.3%
Q2 25
11.8%
Q1 25
-11.4%
Q4 24
34.5%
-2.9%
Q3 24
0.2%
Q2 24
9.7%
EPS (diluted)
FLNG
FLNG
PI
PI
Q1 26
$0.14
Q4 25
$0.71
$-0.02
Q3 25
$-0.44
Q2 25
$0.39
Q1 25
$-0.30
Q4 24
$1.16
$-0.06
Q3 24
$0.01
Q2 24
$0.34

Balance Sheet & Financial Strength

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

Metric
FLNG
FLNG
PI
PI
Cash + ST InvestmentsLiquidity on hand
$447.6M
$131.8M
Total DebtLower is stronger
$1.9B
$241.5M
Stockholders' EquityBook value
$719.3M
Total Assets
$2.6B
$502.5M
Debt / EquityLower = less leverage
2.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNG
FLNG
PI
PI
Q1 26
$131.8M
Q4 25
$447.6M
$175.3M
Q3 25
$190.1M
Q2 25
$193.2M
Q1 25
$147.9M
Q4 24
$437.2M
$164.7M
Q3 24
$170.3M
Q2 24
$220.2M
Total Debt
FLNG
FLNG
PI
PI
Q1 26
$241.5M
Q4 25
$1.9B
$280.9M
Q3 25
$280.4M
Q2 25
Q1 25
Q4 24
$1.8B
$283.5M
Q3 24
Q2 24
Stockholders' Equity
FLNG
FLNG
PI
PI
Q1 26
Q4 25
$719.3M
$209.2M
Q3 25
$195.0M
Q2 25
$187.7M
Q1 25
$160.6M
Q4 24
$806.6M
$149.9M
Q3 24
$136.1M
Q2 24
$117.0M
Total Assets
FLNG
FLNG
PI
PI
Q1 26
$502.5M
Q4 25
$2.6B
$545.2M
Q3 25
$516.5M
Q2 25
$508.8M
Q1 25
$479.8M
Q4 24
$2.7B
$489.1M
Q3 24
$476.4M
Q2 24
$446.1M
Debt / Equity
FLNG
FLNG
PI
PI
Q1 26
Q4 25
2.59×
1.34×
Q3 25
1.44×
Q2 25
Q1 25
Q4 24
2.26×
1.89×
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
PI
PI
Operating Cash FlowLast quarter
$73.7M
Free Cash FlowOCF − Capex
$2.2M
FCF MarginFCF / Revenue
3.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.92×
TTM Free Cash FlowTrailing 4 quarters
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNG
FLNG
PI
PI
Q1 26
Q4 25
$73.7M
$15.1M
Q3 25
$20.9M
Q2 25
$33.9M
Q1 25
$-11.1M
Q4 24
$100.4M
$12.6M
Q3 24
$10.1M
Q2 24
$45.5M
Free Cash Flow
FLNG
FLNG
PI
PI
Q1 26
$2.2M
Q4 25
$13.6M
Q3 25
$18.0M
Q2 25
$27.3M
Q1 25
$-13.0M
Q4 24
$8.5M
Q3 24
$4.7M
Q2 24
$44.1M
FCF Margin
FLNG
FLNG
PI
PI
Q1 26
3.0%
Q4 25
14.7%
Q3 25
18.7%
Q2 25
27.9%
Q1 25
-17.5%
Q4 24
9.3%
Q3 24
4.9%
Q2 24
43.0%
Capex Intensity
FLNG
FLNG
PI
PI
Q1 26
Q4 25
1.6%
Q3 25
3.1%
Q2 25
6.7%
Q1 25
2.5%
Q4 24
4.5%
Q3 24
5.7%
Q2 24
1.3%
Cash Conversion
FLNG
FLNG
PI
PI
Q1 26
Q4 25
1.92×
Q3 25
Q2 25
2.93×
Q1 25
Q4 24
1.60×
Q3 24
45.56×
Q2 24
4.56×

Financial Flow Comparison

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

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