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

REPLIGEN CORP is the larger business by last-quarter revenue ($197.9M vs $173.2M, roughly 1.1× Flex LNG Ltd.). Flex LNG Ltd. runs the higher net margin — 22.2% vs 6.7%, a 15.4% gap on every dollar of revenue. On growth, REPLIGEN CORP posted the faster year-over-year revenue change (13.6% 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 ...

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

FLNG vs RGEN — Head-to-Head

Bigger by revenue
RGEN
RGEN
1.1× larger
RGEN
$197.9M
$173.2M
FLNG
Growing faster (revenue YoY)
RGEN
RGEN
+18.2% gap
RGEN
13.6%
-4.5%
FLNG
Higher net margin
FLNG
FLNG
15.4% more per $
FLNG
22.2%
6.7%
RGEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLNG
FLNG
RGEN
RGEN
Revenue
$173.2M
$197.9M
Net Profit
$38.4M
$13.3M
Gross Margin
52.5%
Operating Margin
48.9%
9.0%
Net Margin
22.2%
6.7%
Revenue YoY
-4.5%
13.6%
Net Profit YoY
-38.7%
143.9%
EPS (diluted)
$0.71
$0.24

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
RGEN
RGEN
Q4 25
$173.2M
$197.9M
Q3 25
$188.8M
Q2 25
$182.4M
Q1 25
$169.2M
Q4 24
$181.4M
$174.1M
Q3 24
$154.9M
Q2 24
$154.1M
Q1 24
$151.3M
Net Profit
FLNG
FLNG
RGEN
RGEN
Q4 25
$38.4M
$13.3M
Q3 25
$14.9M
Q2 25
$14.9M
Q1 25
$5.8M
Q4 24
$62.6M
$-30.3M
Q3 24
$-654.0K
Q2 24
$3.3M
Q1 24
$2.1M
Gross Margin
FLNG
FLNG
RGEN
RGEN
Q4 25
52.5%
Q3 25
53.2%
Q2 25
50.0%
Q1 25
53.6%
Q4 24
26.1%
Q3 24
50.0%
Q2 24
49.8%
Q1 24
49.5%
Operating Margin
FLNG
FLNG
RGEN
RGEN
Q4 25
48.9%
9.0%
Q3 25
8.9%
Q2 25
7.6%
Q1 25
3.9%
Q4 24
55.9%
-17.7%
Q3 24
-5.1%
Q2 24
1.0%
Q1 24
1.3%
Net Margin
FLNG
FLNG
RGEN
RGEN
Q4 25
22.2%
6.7%
Q3 25
7.9%
Q2 25
8.2%
Q1 25
3.4%
Q4 24
34.5%
-17.4%
Q3 24
-0.4%
Q2 24
2.2%
Q1 24
1.4%
EPS (diluted)
FLNG
FLNG
RGEN
RGEN
Q4 25
$0.71
$0.24
Q3 25
$0.26
Q2 25
$0.26
Q1 25
$0.10
Q4 24
$1.16
$-0.55
Q3 24
$-0.01
Q2 24
$0.06
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
FLNG
FLNG
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$447.6M
$767.6M
Total DebtLower is stronger
$1.9B
$542.2M
Stockholders' EquityBook value
$719.3M
$2.1B
Total Assets
$2.6B
$2.9B
Debt / EquityLower = less leverage
2.59×
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNG
FLNG
RGEN
RGEN
Q4 25
$447.6M
$767.6M
Q3 25
$748.7M
Q2 25
$708.9M
Q1 25
$697.2M
Q4 24
$437.2M
$757.4M
Q3 24
$784.0M
Q2 24
$809.1M
Q1 24
$780.6M
Total Debt
FLNG
FLNG
RGEN
RGEN
Q4 25
$1.9B
$542.2M
Q3 25
$537.9M
Q2 25
Q1 25
Q4 24
$1.8B
$525.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FLNG
FLNG
RGEN
RGEN
Q4 25
$719.3M
$2.1B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.0B
Q4 24
$806.6M
$2.0B
Q3 24
$2.0B
Q2 24
$2.0B
Q1 24
$2.0B
Total Assets
FLNG
FLNG
RGEN
RGEN
Q4 25
$2.6B
$2.9B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$2.9B
Q4 24
$2.7B
$2.8B
Q3 24
$2.8B
Q2 24
$2.9B
Q1 24
$2.8B
Debt / Equity
FLNG
FLNG
RGEN
RGEN
Q4 25
2.59×
0.26×
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
2.26×
0.27×
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
RGEN
RGEN
Operating Cash FlowLast quarter
$73.7M
$25.7M
Free Cash FlowOCF − Capex
$17.6M
FCF MarginFCF / Revenue
8.9%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
1.92×
1.93×
TTM Free Cash FlowTrailing 4 quarters
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNG
FLNG
RGEN
RGEN
Q4 25
$73.7M
$25.7M
Q3 25
$48.1M
Q2 25
$28.6M
Q1 25
$15.0M
Q4 24
$100.4M
$39.2M
Q3 24
$49.3M
Q2 24
$42.2M
Q1 24
$44.7M
Free Cash Flow
FLNG
FLNG
RGEN
RGEN
Q4 25
$17.6M
Q3 25
$43.4M
Q2 25
$21.5M
Q1 25
$11.4M
Q4 24
$33.6M
Q3 24
$42.3M
Q2 24
$37.4M
Q1 24
$36.4M
FCF Margin
FLNG
FLNG
RGEN
RGEN
Q4 25
8.9%
Q3 25
23.0%
Q2 25
11.8%
Q1 25
6.8%
Q4 24
19.3%
Q3 24
27.3%
Q2 24
24.3%
Q1 24
24.0%
Capex Intensity
FLNG
FLNG
RGEN
RGEN
Q4 25
4.1%
Q3 25
2.5%
Q2 25
3.9%
Q1 25
2.1%
Q4 24
3.2%
Q3 24
4.5%
Q2 24
3.1%
Q1 24
5.5%
Cash Conversion
FLNG
FLNG
RGEN
RGEN
Q4 25
1.92×
1.93×
Q3 25
3.23×
Q2 25
1.92×
Q1 25
2.57×
Q4 24
1.60×
Q3 24
Q2 24
12.70×
Q1 24
21.35×

Financial Flow Comparison

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

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