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Side-by-side financial comparison of GOLAR LNG LTD (GLNG) and GREENLIGHT CAPITAL RE, LTD. (GLRE). Click either name above to swap in a different company.

GREENLIGHT CAPITAL RE, LTD. is the larger business by last-quarter revenue ($210.3M vs $122.5M, roughly 1.7× GOLAR LNG LTD). GOLAR LNG LTD runs the higher net margin — 25.7% vs 23.4%, a 2.3% gap on every dollar of revenue. On growth, GOLAR LNG LTD posted the faster year-over-year revenue change (89.1% vs 48.3%).

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 ...

Greenlight Capital is an American hedge fund founded in 1996 by David Einhorn. Greenlight invests primarily in publicly traded North American corporate debt offerings and equities. Greenlight is most notable for its short selling of Lehman stock prior to Lehman Brothers' collapse in 2008 and the $11 million fine they received in January 2012 for insider trading in the UK. Einhorn remains the fund's manager.

GLNG vs GLRE — Head-to-Head

Bigger by revenue
GLRE
GLRE
1.7× larger
GLRE
$210.3M
$122.5M
GLNG
Growing faster (revenue YoY)
GLNG
GLNG
+40.8% gap
GLNG
89.1%
48.3%
GLRE
Higher net margin
GLNG
GLNG
2.3% more per $
GLNG
25.7%
23.4%
GLRE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GLNG
GLNG
GLRE
GLRE
Revenue
$122.5M
$210.3M
Net Profit
$31.5M
$49.3M
Gross Margin
Operating Margin
39.4%
Net Margin
25.7%
23.4%
Revenue YoY
89.1%
48.3%
Net Profit YoY
190.5%
279.7%
EPS (diluted)
$1.43

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
GLNG
GLNG
GLRE
GLRE
Q4 25
$210.3M
Q3 25
$122.5M
$146.1M
Q2 25
$160.1M
Q1 25
$213.3M
Q4 24
$141.8M
Q3 24
$64.8M
$188.0M
Q2 24
$174.9M
Q1 24
$191.3M
Net Profit
GLNG
GLNG
GLRE
GLRE
Q4 25
$49.3M
Q3 25
$31.5M
$-4.4M
Q2 25
$329.0K
Q1 25
$29.6M
Q4 24
$-27.4M
Q3 24
$-34.8M
$35.2M
Q2 24
$8.0M
Q1 24
$27.0M
Operating Margin
GLNG
GLNG
GLRE
GLRE
Q4 25
Q3 25
39.4%
Q2 25
Q1 25
Q4 24
Q3 24
-43.7%
Q2 24
Q1 24
Net Margin
GLNG
GLNG
GLRE
GLRE
Q4 25
23.4%
Q3 25
25.7%
-3.0%
Q2 25
0.2%
Q1 25
13.9%
Q4 24
-19.3%
Q3 24
-53.7%
18.7%
Q2 24
4.6%
Q1 24
14.1%
EPS (diluted)
GLNG
GLNG
GLRE
GLRE
Q4 25
$1.43
Q3 25
$-0.13
Q2 25
$0.01
Q1 25
$0.86
Q4 24
$-0.78
Q3 24
$1.01
Q2 24
$0.23
Q1 24
$0.78

Balance Sheet & Financial Strength

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

Metric
GLNG
GLNG
GLRE
GLRE
Cash + ST InvestmentsLiquidity on hand
$611.2M
$111.8M
Total DebtLower is stronger
$1.9B
$4.7M
Stockholders' EquityBook value
$1.9B
$708.0M
Total Assets
$4.7B
$2.2B
Debt / EquityLower = less leverage
1.01×
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLNG
GLNG
GLRE
GLRE
Q4 25
$111.8M
Q3 25
$611.2M
$68.8M
Q2 25
$82.4M
Q1 25
$47.5M
Q4 24
$64.7M
Q3 24
$732.1M
$54.6M
Q2 24
$52.2M
Q1 24
$61.6M
Total Debt
GLNG
GLNG
GLRE
GLRE
Q4 25
$4.7M
Q3 25
$1.9B
$34.7M
Q2 25
$58.9M
Q1 25
$59.8M
Q4 24
$60.7M
Q3 24
$1.4B
$62.6M
Q2 24
$61.6M
Q1 24
$72.5M
Stockholders' Equity
GLNG
GLNG
GLRE
GLRE
Q4 25
$708.0M
Q3 25
$1.9B
$658.9M
Q2 25
$663.3M
Q1 25
$666.8M
Q4 24
$635.9M
Q3 24
$2.0B
$663.4M
Q2 24
$634.0M
Q1 24
$624.5M
Total Assets
GLNG
GLNG
GLRE
GLRE
Q4 25
$2.2B
Q3 25
$4.7B
$2.1B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.0B
Q3 24
$4.3B
$2.0B
Q2 24
$1.9B
Q1 24
$1.9B
Debt / Equity
GLNG
GLNG
GLRE
GLRE
Q4 25
0.01×
Q3 25
1.01×
0.05×
Q2 25
0.09×
Q1 25
0.09×
Q4 24
0.10×
Q3 24
0.70×
0.09×
Q2 24
0.10×
Q1 24
0.12×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GLNG
GLNG
GLRE
GLRE
Operating Cash FlowLast quarter
$149.0M
$100.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.73×
2.03×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLNG
GLNG
GLRE
GLRE
Q4 25
$100.2M
Q3 25
$149.0M
$31.2M
Q2 25
$68.4M
Q1 25
$10.4M
Q4 24
$29.5M
Q3 24
$62.6M
$41.3M
Q2 24
$22.7M
Q1 24
$18.0M
Cash Conversion
GLNG
GLNG
GLRE
GLRE
Q4 25
2.03×
Q3 25
4.73×
Q2 25
208.02×
Q1 25
0.35×
Q4 24
Q3 24
1.17×
Q2 24
2.85×
Q1 24
0.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLNG
GLNG

Segment breakdown not available.

GLRE
GLRE

Other$124.7M59%
Innovations$85.6M41%

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