What is Golar LNG's earnings per share (EPS)?

Golar LNG (GLNG) reported diluted earnings per share of $0.60 for fiscal year 2025. This represents a 25.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Golar LNG Financials

GLNG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Golar LNG (GLNG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GLNG FY2025 2026-04-22

Revenue recovery improved margins, but balance-sheet expansion in FY2025 was financed more by debt than by earnings.

By FY2025, liquidity and leverage rose together: cash reached $1.15B and the current ratio improved to 2.5x. Debt dependence deepened, with debt-to-equity at 1.3x and return on assets near 1.2%, so the stronger cash cushion looks balance-sheet funded rather than earned through much better asset productivity.

The operating picture looks more like fixed-cost absorption than simple top-line expansion: revenue rebounded to $394M in FY2025 from $260M in FY2024. Operating margin stayed slightly above 25.3%, far above FY2023's 5.3%, which suggests a cost base that becomes much more efficient once activity recovers.

A second mechanic is distribution policy: dividends paid were $306M in FY2025 against net income of only $66M. Because the same gap existed in FY2024, shareholder payouts are not being funded by current-year accounting profit alone, which is why the cash build and added leverage matter together.

Financial Health Signals

Financial Profile 44/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Golar LNG's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Golar LNG has an operating margin of 25.3%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 69/100, reflecting efficient cost management and pricing power. This is up from 23.9% the prior year.

Growth

Golar LNG's revenue surged 51.1% year-over-year to $393.5M, reflecting rapid business expansion. This strong growth earns a score of 58/100.

Leverage

Golar LNG carries a low D/E ratio of 1.33, meaning only $1.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Golar LNG's current ratio of 2.55 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.

Returns

Golar LNG generates a 3.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 16/100. This is up from 2.5% the prior year.

Altman Z-Score Distress

1.26

Golar LNG scores 1.26, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($5.3B) relative to total liabilities ($3.3B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

Golar LNG passes 5 of 9 financial strength tests. All 2 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Interest Coverage Adequate

3.0x

Golar LNG earns $3.0 in operating income for every $1 of interest expense ($99.7M vs $32.9M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$393.5M

YoY+51.1%

5Y CAGR+8.5%

10Y CAGR+14.4%

Golar LNG generated $393.5M in revenue in fiscal year 2025. This represents an increase of 51.1% from the prior year.

EBITDA

$148.1M

YoY+28.5%

5Y CAGR-2.6%

10Y CAGR+14.8%

Golar LNG's EBITDA was $148.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 28.5% from the prior year.

Net Income

$65.7M

YoY+29.2%

Golar LNG reported $65.7M in net income in fiscal year 2025. This represents an increase of 29.2% from the prior year.

EPS (Diluted)

$0.60

YoY+25.0%

Golar LNG earned $0.60 per diluted share (EPS) in fiscal year 2025. This represents an increase of 25.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.2B

YoY+103.3%

5Y CAGR+68.0%

10Y CAGR+27.0%

Golar LNG held $1.2B in cash against $2.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

101M

YoY-3.1%

5Y CAGR-1.6%

10Y CAGR+0.8%

Golar LNG had 101M shares outstanding in fiscal year 2025. This represents a decrease of 3.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

25.3%

YoY+1.5pp

5Y CAGR+2.0pp

10Y CAGR+60.8pp

Golar LNG's operating margin was 25.3% in fiscal year 2025, reflecting core business profitability. This is up 1.5 percentage points from the prior year.

Net Margin

16.7%

YoY-2.8pp

5Y CAGR+121.4pp

10Y CAGR+183.4pp

Golar LNG's net profit margin was 16.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.8 percentage points from the prior year.

Return on Equity

3.6%

YoY+1.0pp

5Y CAGR+24.7pp

10Y CAGR+12.6pp

Golar LNG's ROE was 3.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$19.2M

YoY+55.8%

5Y CAGR+17.4%

Golar LNG invested $19.2M in research and development in fiscal year 2025. This represents an increase of 55.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

GLNG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$393.5M+51.1%	$260.4M-12.8%	$298.4M+11.5%	$267.7M+2.9%	$260.3M-0.4%	$261.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$19.2M+55.8%	$12.3M-68.5%	$39.1M+388.1%	$8.0M+218.0%	$2.5M-70.7%	$8.6M
SG&A Expenses	$29.6M+7.6%	$27.5M-17.8%	$33.5M-12.2%	$38.1M+7.9%	$35.3M+2.7%	$34.4M
Operating Income	$99.7M+60.4%	$62.2M+293.6%	$15.8M-97.0%	$524.1M+70.9%	$306.7M+402.0%	$61.1M
Interest Expense	$32.9M	$0	$0-100.0%	$19.3M-44.1%	$34.5M-12.0%	$39.2M
Income Tax	$4.3M+24027.8%	-$18K-101.0%	$1.9M+526.9%	-$438K-130.4%	$1.4M+148.7%	$579K
Net Income	$65.7M+29.2%	$50.8M+208.6%	-$46.8M-105.9%	$787.8M+90.4%	$413.9M+251.3%	-$273.6M
EPS (Diluted)	$0.60+25.0%	$0.48+209.1%	$-0.44-105.5%	$8.04+602.5%	$-1.60-66.7%	$-0.96

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q4'23	Q3'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GLNG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$5.3B+21.9%	$4.4B+6.9%	$4.1B-4.6%	$4.3B-13.5%	$4.9B+14.7%	$4.3B
Current Assets	$1.4B+91.0%	$739.9M-9.3%	$815.6M-35.2%	$1.3B+36.0%	$925.6M+72.1%	$537.8M
Cash & Equivalents	$1.2B+103.3%	$566.4M-16.6%	$679.2M-22.7%	$878.8M+279.1%	$231.8M+169.6%	$86.0M
Inventory	N/A	N/A	N/A	$692K+29.1%	$536K-65.0%	$1.5M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.3B+63.0%	$2.0B+34.9%	$1.5B+7.4%	$1.4B-50.2%	$2.8B+3.2%	$2.7B
Current Liabilities	$555.3M-34.0%	$841.5M+54.2%	$545.8M+31.7%	$414.4M-68.3%	$1.3B+10.8%	$1.2B
Long-Term Debt	$2.5B+163.9%	$931.0M+6.5%	$874.2M+3.5%	$844.5M-8.2%	$920.1M-32.7%	$1.4B
Total Equity	$1.8B-8.5%	$2.0B-2.6%	$2.1B-17.3%	$2.5B+44.5%	$1.7B+33.9%	$1.3B
Retained Earnings	-$173.5M-1789.6%	$10.3M-86.7%	$77.0M-70.6%	$262.1M+148.6%	-$539.6M+42.0%	-$931.0M

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q4'23	Q3'23
Total Assets	$5.3B+13.9%	$4.7B-2.0%	$4.8B+9.2%	$4.4B+0.8%	$4.3B+5.1%	$4.1B+0.9%	$4.1B+1.2%	$4.0B
Current Assets	$1.4B+53.4%	$921.2M-21.4%	$1.2B+58.5%	$739.9M-19.2%	$915.2M+26.2%	$725.1M-11.1%	$815.6M-7.8%	$884.8M
Cash & Equivalents	$1.2B+88.4%	$611.2M-22.0%	$783.4M+38.3%	$566.4M-22.6%	$732.1M+38.8%	$527.6M-22.3%	$679.2M-6.6%	$727.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.3B+37.8%	$2.4B-4.9%	$2.5B+24.4%	$2.0B+16.4%	$1.7B+17.8%	$1.5B-1.7%	$1.5B+8.1%	$1.4B
Current Liabilities	$555.3M-20.6%	$699.6M-12.1%	$795.9M-5.4%	$841.5M+42.2%	$591.9M+1.3%	$584.4M+7.1%	$545.8M+20.0%	$454.9M
Long-Term Debt	$2.5B+73.2%	$1.4B-1.2%	$1.4B+54.3%	$931.0M-13.5%	$1.1B+31.2%	$820.3M-6.2%	$874.2M+2.8%	$850.4M
Total Equity	$1.8B-2.8%	$1.9B+0.6%	$1.9B-6.4%	$2.0B-0.8%	$2.0B-2.7%	$2.1B+0.9%	$2.1B-4.1%	$2.2B
Retained Earnings	-$173.5M	N/A	N/A	$10.3M	N/A	N/A	$77.0M	N/A

GLNG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	N/A	N/A	N/A	N/A	$253.9M+243.8%	-$176.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	-$10.2M
Financing Cash Flow	N/A	N/A	N/A	N/A	-$51.6M+68.2%	-$162.3M
Dividends Paid	$305.8M+2.2%	$299.4M+190.9%	$102.9M	N/A	N/A	$26.3M
Share Buybacks	N/A	N/A	N/A	N/A	$24.5M+47.1%	$16.6M

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q4'23	Q3'23
Operating Cash Flow	N/A	$149.0M	N/A	N/A	$62.6M	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	-$319.5M	N/A	N/A	-$79.9M	N/A	N/A	N/A
Financing Cash Flow	N/A	-$59.2M	N/A	N/A	$219.9M	N/A	N/A	N/A
Dividends Paid	$227.9M+790.7%	$25.6M	N/A	$213.4M+630.4%	$29.2M	N/A	$29.8M+4.1%	$28.6M
Share Buybacks	N/A	$0	N/A	N/A	$0	N/A	N/A	N/A

GLNG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	25.3%+1.5pp	23.9%+18.6pp	5.3%-190.5pp	195.8%+77.9pp	117.8%+94.5pp	23.4%
Net Margin	16.7%-2.8pp	19.5%+35.2pp	-15.7%-309.9pp	294.2%+135.2pp	159.0%+263.7pp	-104.7%
Return on Equity	3.6%+1.0pp	2.5%+4.8pp	-2.3%-33.8pp	31.5%+7.6pp	23.9%+45.1pp	-21.2%
Return on Assets	1.2%+0.1pp	1.2%+2.3pp	-1.1%-19.6pp	18.4%+10.1pp	8.4%+14.7pp	-6.3%
Current Ratio	2.55+1.7	0.88-0.6	1.49-1.5	3.04+2.3	0.71+0.3	0.46
Debt-to-Equity	1.33+0.9	0.46+0.0	0.42+0.1	0.34-0.2	0.53-0.5	1.06
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.55+1.2	1.32-0.2	1.47+0.6	0.88-0.7	1.55+0.3	1.24-0.3	1.49-0.5	1.95
Debt-to-Equity	1.33+0.6	0.75-0.0	0.76+0.3	0.46-0.1	0.53+0.1	0.39-0.0	0.42+0.0	0.39
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Golar LNG's annual revenue?

Golar LNG (GLNG) reported $393.5M in total revenue for fiscal year 2025. This represents a 51.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Golar LNG's revenue growing?

Golar LNG (GLNG) revenue grew by 51.1% year-over-year, from $260.4M to $393.5M in fiscal year 2025.

Is Golar LNG profitable?

Yes, Golar LNG (GLNG) reported a net income of $65.7M in fiscal year 2025, with a net profit margin of 16.7%.

What is Golar LNG's EBITDA?

Golar LNG (GLNG) had EBITDA of $148.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Golar LNG have?

As of fiscal year 2025, Golar LNG (GLNG) had $1.2B in cash and equivalents against $2.5B in long-term debt.

What is Golar LNG's operating margin?

Golar LNG (GLNG) had an operating margin of 25.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Golar LNG's net profit margin?

Golar LNG (GLNG) had a net profit margin of 16.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Golar LNG's return on equity (ROE)?

Golar LNG (GLNG) has a return on equity of 3.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What are Golar LNG's total assets?

Golar LNG (GLNG) had $5.3B in total assets as of fiscal year 2025, including both current and long-term assets.

How much does Golar LNG spend on research and development?

Golar LNG (GLNG) invested $19.2M in research and development during fiscal year 2025.

How many shares does Golar LNG have outstanding?

Golar LNG (GLNG) had 101M shares outstanding as of fiscal year 2025.

What is Golar LNG's current ratio?

Golar LNG (GLNG) had a current ratio of 2.55 as of fiscal year 2025, which is generally considered healthy.

What is Golar LNG's debt-to-equity ratio?

Golar LNG (GLNG) had a debt-to-equity ratio of 1.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Golar LNG's return on assets (ROA)?

Golar LNG (GLNG) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Golar LNG's Altman Z-Score?

Golar LNG (GLNG) has an Altman Z-Score of 1.26, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Golar LNG's Piotroski F-Score?

Golar LNG (GLNG) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Can Golar LNG cover its interest payments?

Golar LNG (GLNG) has an interest coverage ratio of 3.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Golar LNG?

Golar LNG (GLNG) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.