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Side-by-side financial comparison of Flex LNG Ltd. (FLNG) and GeneDx Holdings Corp. (WGS). Click either name above to swap in a different company.

Flex LNG Ltd. is the larger business by last-quarter revenue ($173.2M vs $121.0M, roughly 1.4× GeneDx Holdings Corp.). Flex LNG Ltd. runs the higher net margin — 22.2% vs -14.6%, a 36.8% gap on every dollar of revenue. On growth, GeneDx Holdings Corp. posted the faster year-over-year revenue change (26.5% 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 ...

GeneDx is a genetic testing company that was founded in 2000 by two scientists from the National Institutes of Health (NIH), Sherri Bale and John Compton. They started the company to provide clinical diagnostic services for patients and families with rare and ultra-rare disorders, for which no such commercial testing was available at the time. The company started in the Technology Development Center, a biotech incubator supported by the state of Maryland and Montgomery County, MD. In 2006, Bi...

FLNG vs WGS — Head-to-Head

Bigger by revenue
FLNG
FLNG
1.4× larger
FLNG
$173.2M
$121.0M
WGS
Growing faster (revenue YoY)
WGS
WGS
+31.0% gap
WGS
26.5%
-4.5%
FLNG
Higher net margin
FLNG
FLNG
36.8% more per $
FLNG
22.2%
-14.6%
WGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLNG
FLNG
WGS
WGS
Revenue
$173.2M
$121.0M
Net Profit
$38.4M
$-17.7M
Gross Margin
69.6%
Operating Margin
48.9%
-11.8%
Net Margin
22.2%
-14.6%
Revenue YoY
-4.5%
26.5%
Net Profit YoY
-38.7%
-424.9%
EPS (diluted)
$0.71
$-0.59

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
WGS
WGS
Q4 25
$173.2M
$121.0M
Q3 25
$116.7M
Q2 25
$102.7M
Q1 25
$87.1M
Q4 24
$181.4M
$95.6M
Q3 24
$76.9M
Q2 24
$70.5M
Q1 24
$62.4M
Net Profit
FLNG
FLNG
WGS
WGS
Q4 25
$38.4M
$-17.7M
Q3 25
$-7.6M
Q2 25
$10.8M
Q1 25
$-6.5M
Q4 24
$62.6M
$5.4M
Q3 24
$-8.3M
Q2 24
$-29.2M
Q1 24
$-20.2M
Gross Margin
FLNG
FLNG
WGS
WGS
Q4 25
69.6%
Q3 25
72.4%
Q2 25
69.0%
Q1 25
67.1%
Q4 24
69.2%
Q3 24
62.2%
Q2 24
60.9%
Q1 24
59.9%
Operating Margin
FLNG
FLNG
WGS
WGS
Q4 25
48.9%
-11.8%
Q3 25
-2.8%
Q2 25
8.7%
Q1 25
-5.2%
Q4 24
55.9%
9.2%
Q3 24
-10.1%
Q2 24
-15.0%
Q1 24
-21.9%
Net Margin
FLNG
FLNG
WGS
WGS
Q4 25
22.2%
-14.6%
Q3 25
-6.5%
Q2 25
10.5%
Q1 25
-7.5%
Q4 24
34.5%
5.7%
Q3 24
-10.8%
Q2 24
-41.4%
Q1 24
-32.4%
EPS (diluted)
FLNG
FLNG
WGS
WGS
Q4 25
$0.71
$-0.59
Q3 25
$-0.27
Q2 25
$0.36
Q1 25
$-0.23
Q4 24
$1.16
$0.25
Q3 24
$-0.31
Q2 24
$-1.10
Q1 24
$-0.78

Balance Sheet & Financial Strength

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

Metric
FLNG
FLNG
WGS
WGS
Cash + ST InvestmentsLiquidity on hand
$447.6M
$171.3M
Total DebtLower is stronger
$1.9B
$54.5M
Stockholders' EquityBook value
$719.3M
$308.2M
Total Assets
$2.6B
$523.7M
Debt / EquityLower = less leverage
2.59×
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNG
FLNG
WGS
WGS
Q4 25
$447.6M
$171.3M
Q3 25
$155.1M
Q2 25
$134.6M
Q1 25
$159.2M
Q4 24
$437.2M
$141.2M
Q3 24
$116.5M
Q2 24
$106.9M
Q1 24
$112.9M
Total Debt
FLNG
FLNG
WGS
WGS
Q4 25
$1.9B
$54.5M
Q3 25
$54.8M
Q2 25
$55.1M
Q1 25
$55.5M
Q4 24
$1.8B
$55.8M
Q3 24
$56.1M
Q2 24
$56.3M
Q1 24
$56.3M
Stockholders' Equity
FLNG
FLNG
WGS
WGS
Q4 25
$719.3M
$308.2M
Q3 25
$292.3M
Q2 25
$277.1M
Q1 25
$257.4M
Q4 24
$806.6M
$245.2M
Q3 24
$204.5M
Q2 24
$194.0M
Q1 24
$207.2M
Total Assets
FLNG
FLNG
WGS
WGS
Q4 25
$2.6B
$523.7M
Q3 25
$493.9M
Q2 25
$463.9M
Q1 25
$446.4M
Q4 24
$2.7B
$419.4M
Q3 24
$408.8M
Q2 24
$389.1M
Q1 24
$394.5M
Debt / Equity
FLNG
FLNG
WGS
WGS
Q4 25
2.59×
0.18×
Q3 25
0.19×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
2.26×
0.23×
Q3 24
0.27×
Q2 24
0.29×
Q1 24
0.27×

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
WGS
WGS
Operating Cash FlowLast quarter
$73.7M
$-3.1M
Free Cash FlowOCF − Capex
$-7.4M
FCF MarginFCF / Revenue
-6.1%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
1.92×
TTM Free Cash FlowTrailing 4 quarters
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNG
FLNG
WGS
WGS
Q4 25
$73.7M
$-3.1M
Q3 25
$15.8M
Q2 25
$10.4M
Q1 25
$10.2M
Q4 24
$100.4M
$-3.2M
Q3 24
$-4.4M
Q2 24
$-4.5M
Q1 24
$-16.4M
Free Cash Flow
FLNG
FLNG
WGS
WGS
Q4 25
$-7.4M
Q3 25
$9.6M
Q2 25
$8.1M
Q1 25
$4.1M
Q4 24
$-6.2M
Q3 24
$-5.0M
Q2 24
$-5.9M
Q1 24
$-16.9M
FCF Margin
FLNG
FLNG
WGS
WGS
Q4 25
-6.1%
Q3 25
8.2%
Q2 25
7.8%
Q1 25
4.7%
Q4 24
-6.5%
Q3 24
-6.6%
Q2 24
-8.3%
Q1 24
-27.0%
Capex Intensity
FLNG
FLNG
WGS
WGS
Q4 25
3.6%
Q3 25
5.3%
Q2 25
2.3%
Q1 25
7.0%
Q4 24
3.2%
Q3 24
0.8%
Q2 24
1.9%
Q1 24
0.7%
Cash Conversion
FLNG
FLNG
WGS
WGS
Q4 25
1.92×
Q3 25
Q2 25
0.96×
Q1 25
Q4 24
1.60×
-0.59×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLNG
FLNG

Segment breakdown not available.

WGS
WGS

Diagnostic Test Third Party Insurance$101.1M84%
Diagnostic Test Institutional Customers$15.5M13%
Other$3.4M3%

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