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

Flex LNG Ltd. is the larger business by last-quarter revenue ($173.2M vs $127.1M, roughly 1.4× Zai Lab Ltd). On growth, Zai Lab Ltd posted the faster year-over-year revenue change (17.1% 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 ...

Zai Lab Ltd is a global biopharmaceutical company focused on developing, manufacturing and commercializing innovative therapies for oncology, autoimmune disorders, infectious diseases and other unmet medical needs. It operates primarily in the Greater China region and partners with leading global biotech firms to expand access to life-saving treatments for underserved patient populations.

FLNG vs ZLAB — Head-to-Head

Bigger by revenue
FLNG
FLNG
1.4× larger
FLNG
$173.2M
$127.1M
ZLAB
Growing faster (revenue YoY)
ZLAB
ZLAB
+21.6% gap
ZLAB
17.1%
-4.5%
FLNG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLNG
FLNG
ZLAB
ZLAB
Revenue
$173.2M
$127.1M
Net Profit
$38.4M
Gross Margin
51.0%
Operating Margin
48.9%
-54.6%
Net Margin
22.2%
Revenue YoY
-4.5%
17.1%
Net Profit YoY
-38.7%
EPS (diluted)
$0.71
$-0.05

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
ZLAB
ZLAB
Q4 25
$173.2M
$127.1M
Q3 25
$115.4M
Q2 25
$109.1M
Q1 25
$105.7M
Q4 24
$181.4M
$108.5M
Q3 24
$101.8M
Q2 24
$100.1M
Q1 24
$87.1M
Net Profit
FLNG
FLNG
ZLAB
ZLAB
Q4 25
$38.4M
Q3 25
$-36.0M
Q2 25
$-40.7M
Q1 25
$-48.4M
Q4 24
$62.6M
Q3 24
$-41.7M
Q2 24
$-80.3M
Q1 24
$-53.5M
Gross Margin
FLNG
FLNG
ZLAB
ZLAB
Q4 25
51.0%
Q3 25
59.5%
Q2 25
60.6%
Q1 25
63.6%
Q4 24
61.5%
Q3 24
64.1%
Q2 24
64.9%
Q1 24
61.4%
Operating Margin
FLNG
FLNG
ZLAB
ZLAB
Q4 25
48.9%
-54.6%
Q3 25
-42.3%
Q2 25
-50.3%
Q1 25
-53.3%
Q4 24
55.9%
-62.6%
Q3 24
-66.6%
Q2 24
-76.0%
Q1 24
-80.7%
Net Margin
FLNG
FLNG
ZLAB
ZLAB
Q4 25
22.2%
Q3 25
-31.2%
Q2 25
-37.3%
Q1 25
-45.8%
Q4 24
34.5%
Q3 24
-40.9%
Q2 24
-80.2%
Q1 24
-61.4%
EPS (diluted)
FLNG
FLNG
ZLAB
ZLAB
Q4 25
$0.71
$-0.05
Q3 25
$-0.03
Q2 25
$-0.04
Q1 25
$-0.04
Q4 24
$1.16
$-0.09
Q3 24
$-0.04
Q2 24
$-0.08
Q1 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
FLNG
FLNG
ZLAB
ZLAB
Cash + ST InvestmentsLiquidity on hand
$447.6M
$689.6M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$719.3M
$715.5M
Total Assets
$2.6B
$1.2B
Debt / EquityLower = less leverage
2.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNG
FLNG
ZLAB
ZLAB
Q4 25
$447.6M
$689.6M
Q3 25
$717.2M
Q2 25
$732.2M
Q1 25
$757.3M
Q4 24
$437.2M
$779.7M
Q3 24
$616.1M
Q2 24
$630.0M
Q1 24
$650.8M
Total Debt
FLNG
FLNG
ZLAB
ZLAB
Q4 25
$1.9B
Q3 25
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FLNG
FLNG
ZLAB
ZLAB
Q4 25
$719.3M
$715.5M
Q3 25
$759.9M
Q2 25
$791.7M
Q1 25
$810.8M
Q4 24
$806.6M
$840.9M
Q3 24
$667.7M
Q2 24
$704.2M
Q1 24
$762.2M
Total Assets
FLNG
FLNG
ZLAB
ZLAB
Q4 25
$2.6B
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$2.7B
$1.2B
Q3 24
$985.3M
Q2 24
$987.4M
Q1 24
$988.4M
Debt / Equity
FLNG
FLNG
ZLAB
ZLAB
Q4 25
2.59×
Q3 25
Q2 25
Q1 25
Q4 24
2.26×
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
ZLAB
ZLAB
Operating Cash FlowLast quarter
$73.7M
$-26.0M
Free Cash FlowOCF − Capex
$-26.7M
FCF MarginFCF / Revenue
-21.0%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
1.92×
TTM Free Cash FlowTrailing 4 quarters
$-158.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNG
FLNG
ZLAB
ZLAB
Q4 25
$73.7M
$-26.0M
Q3 25
$-32.0M
Q2 25
$-31.0M
Q1 25
$-61.7M
Q4 24
$100.4M
$-55.8M
Q3 24
$-26.8M
Q2 24
$-42.2M
Q1 24
$-90.1M
Free Cash Flow
FLNG
FLNG
ZLAB
ZLAB
Q4 25
$-26.7M
Q3 25
$-35.0M
Q2 25
$-33.9M
Q1 25
$-63.2M
Q4 24
$-58.4M
Q3 24
$-28.2M
Q2 24
$-42.9M
Q1 24
$-91.1M
FCF Margin
FLNG
FLNG
ZLAB
ZLAB
Q4 25
-21.0%
Q3 25
-30.4%
Q2 25
-31.1%
Q1 25
-59.9%
Q4 24
-53.8%
Q3 24
-27.7%
Q2 24
-42.9%
Q1 24
-104.5%
Capex Intensity
FLNG
FLNG
ZLAB
ZLAB
Q4 25
0.5%
Q3 25
2.6%
Q2 25
2.6%
Q1 25
1.5%
Q4 24
2.4%
Q3 24
1.3%
Q2 24
0.7%
Q1 24
1.1%
Cash Conversion
FLNG
FLNG
ZLAB
ZLAB
Q4 25
1.92×
Q3 25
Q2 25
Q1 25
Q4 24
1.60×
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.

ZLAB
ZLAB

Zejula$56.0M44%
Other$21.9M17%
Nuzyra$16.0M13%
Optune$11.9M9%
XACDURO$10.7M8%
Qinlock$9.7M8%
AUGTYRO$836.0K1%

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