Golar LNG Ltd (GLNG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 6-K for Q2 FY2026, filed Aug 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GLNG SEC filings page.
Golar LNG Ltd (GLNG) reported $393.5M in revenue for fiscal year 2025, up 51.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Growth in FY2025 came with a much heavier debt load, while profits remained modest relative to the enlarged asset base.
Asset intensity is the central operating fact: total assets reached$5.3B in FY2025, yet return on assets was only1.2% . That combination means reported earnings are small compared with the capital tied up in the business, so revenue and profit margins alone give an incomplete picture of performance.
Operating profitability recovered rather than expanded steadily: operating margin moved from
Expansion was accompanied by a more leveraged balance sheet: total liabilities rose to
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Golar LNG Ltd'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.
Golar LNG Ltd has an operating margin of 25.3%, meaning the company retains $25 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is up from 23.9% the prior year.
Golar LNG Ltd's revenue surged 51.1% year-over-year to $393.5M, reflecting rapid business expansion. This strong growth earns a score of 77/100.
Golar LNG Ltd has elevated debt relative to equity (D/E of 1.33), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 1/100, reflecting increased financial risk.
With a current ratio of 2.55, Golar LNG Ltd holds $2.55 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.
Not available for Golar LNG Ltd, so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Golar LNG Ltd generates a 3.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is up from 2.5% the prior year.
Golar LNG Ltd scores 1.11, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $173.5M against total assets of $5.3B. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Golar LNG Ltd passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 2 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
Golar LNG Ltd earns $3.03 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
Earnings & Revenue
None of these metrics is reported for Q2 2026.
Cash & Balance Sheet
Golar LNG Ltd held $870.5M in cash against $2.4B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
GLNG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, Diluted Shares (Avg).
GLNG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'266-K | Q4'256-K | Q3'256-K | Q2'256-K | Q4'2420-F | Q3'246-K | Q2'246-K | Q4'2320-F |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.3B+12.0% | $5.3B+21.9% | $4.7B+7.9% | $4.8B+15.8% | $4.4B+6.9% | $4.3B+7.4% | $4.1B+4.8% | $4.1B-4.6% |
| Current Assets | $1.1B-3.2% | $1.4B+91.0% | $921.2M+0.7% | $1.2B+61.7% | $739.9M-9.3% | $915.2M+3.4% | $725.1M-24.0% | $815.6M-35.2% |
| Cash & Equivalents | $870.5M+11.1% | $1.2B+103.3% | $611.2M-16.5% | $783.4M+48.5% | $566.4M-16.6% | $732.1M+0.7% | $527.6M-31.5% | $679.2M-22.7% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 | $0 | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 | $0 | N/A |
| Total Liabilities | $3.2B+26.8% | $3.3B+63.0% | $2.4B+37.8% | $2.5B+70.6% | $2.0B+34.9% | $1.7B+25.2% | $1.5B+5.6% | $1.5B+7.4% |
| Current Liabilities | $484.9M-39.1% | $555.3M-34.0% | $699.6M+18.2% | $795.9M+36.2% | $841.5M+54.2% | $591.9M+30.1% | $584.4M+32.4% | $545.8M+31.7% |
| Non-Current Liabilities | $2.7B+57.8% | $2.7B+133.6% | $1.7B+48.1% | $1.7B+93.6% | $1.2B+23.6% | $1.1B+22.7% | $872.6M-7.0% | $935.8M-3.0% |
| Long-Term Debt | $2.4B+68.7% | $2.5B+163.9% | $1.4B+31.8% | $1.4B+75.1% | $931.0M+6.5% | $1.1B+26.6% | $820.3M-5.4% | $874.2M+3.5% |
| Total Equity | $1.9B+3.0% | $1.8B-8.5% | $1.9B-6.6% | $1.9B-9.6% | $2.0B-2.6% | $2.0B-5.8% | $2.1B-0.3% | $2.1B-17.3% |
| Retained Earnings | N/A | -$173.5M-1789.6% | N/A | N/A | $10.3M-86.7% | N/A | N/A | $77.0M-70.6% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
GLNG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'266-K | Q4'256-K | Q3'256-K | Q2'256-K | Q4'2420-F | Q3'246-K | Q2'246-K | Q4'2320-F |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | $149.0M+138.0% | N/A | N/A | $62.6M | N/A | N/A |
| Depreciation & Amortization | N/A | N/A | $12.2M-10.4% | N/A | N/A | $13.6M+9.3% | N/A | N/A |
| Investing Cash Flow | N/A | N/A | -$319.5Mn/m | N/A | N/A | -$79.9M | N/A | N/A |
| Financing Cash Flow | N/A | N/A | -$59.2M-126.9% | N/A | N/A | $219.9M | N/A | N/A |
| Dividends Paid | N/A | $227.9M+6.8% | $25.6M-12.4% | N/A | $213.4M+616.9% | $29.2M+2.2% | N/A | $29.8M |
| Share Buybacks | N/A | N/A | $0n/m | N/A | N/A | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow.
GLNG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'266-K | Q4'256-K | Q3'256-K | Q2'256-K | Q4'2420-F | Q3'246-K | Q2'246-K | Q4'2320-F |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.34+0.9x | 2.55+1.7x | 1.32-0.2x | 1.47+0.2x | 0.88-0.6x | 1.55-0.4x | 1.24-0.9x | 1.49-1.5x |
| Debt-to-Equity | 1.25+0.5x | 1.33+0.9x | 0.75+0.2x | 0.76+0.4x | 0.460.0x | 0.53+0.1x | 0.390.0x | 0.42+0.1x |
| Liabilities-to-Equity | 1.62+0.3x | 1.77+0.8x | 1.25+0.4x | 1.32+0.6x | 0.99+0.3x | 0.85+0.2x | 0.700.0x | 0.72+0.2x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Golar LNG Ltd GLNG | FY2025 | $393.5M | $65.7M | 16.7% | $4.5B | 48/100 |
| Scorpio Tankers Inc. STNG | FY2025 | $938.2M | $344.3M | 36.7% | $4.2B | 59/100 |
| Excelerate Energy, Inc. EE | FY2025 | $1.2B | $39.2M | 3.2% | $1.0B | 61/100 |
| CMB.TECH NV CMBT | FY2025 | $1.7B | $139.1M | 8.3% | $5.3B | 68/100 |
| Kinetik Holdings Inc. KNTK | FY2025 | $1.8B | $178.3M | 10.1% | $9.0B | 46/100 |
| Antero Midstream Corporation AM | FY2025 | $1.2B | $412.6M | 34.7% | $9.8B | 74/100 |
Where Golar LNG Ltd Ranks
Frequently Asked Questions
What is Golar LNG Ltd's annual revenue?
Golar LNG Ltd (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 Ltd's revenue growing?
Golar LNG Ltd (GLNG) revenue grew by 51.1% year-over-year, from $260.4M to $393.5M in fiscal year 2025.
Is Golar LNG Ltd profitable?
Yes, Golar LNG Ltd (GLNG) reported a net income of $65.7M in fiscal year 2025, with a net profit margin of 16.7%.
What is Golar LNG Ltd's EBITDA?
Golar LNG Ltd (GLNG) had EBITDA of $148.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Golar LNG Ltd have?
As of fiscal year 2025, Golar LNG Ltd (GLNG) had $1.2B in cash and equivalents against $2.5B in long-term debt.
What is Golar LNG Ltd's operating margin?
Golar LNG Ltd (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 Ltd's net profit margin?
Golar LNG Ltd (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 Ltd's return on equity (ROE)?
Golar LNG Ltd (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 Ltd's total assets?
Golar LNG Ltd (GLNG) had $5.3B in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Golar LNG Ltd spend on research and development?
Golar LNG Ltd (GLNG) invested $19.2M in research and development during fiscal year 2025.
What is Golar LNG Ltd's current ratio?
Golar LNG Ltd (GLNG) had a current ratio of 2.55 as of fiscal year 2025, which is generally considered healthy.
What is Golar LNG Ltd's debt-to-equity ratio?
Golar LNG Ltd (GLNG) had a debt-to-equity ratio of 1.33 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Golar LNG Ltd's liabilities-to-equity ratio?
Golar LNG Ltd (GLNG) had a liabilities-to-equity ratio of 1.77 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Golar LNG Ltd's return on assets (ROA)?
Golar LNG Ltd (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 Ltd's P/E ratio?
Golar LNG Ltd (GLNG) trades at 68.4x earnings, its market capitalization divided by $65.7M net income, FY2025. The market capitalization is $4.5B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Golar LNG Ltd's price-to-sales ratio?
Golar LNG Ltd (GLNG) trades at 11.4x sales, its market capitalization divided by $393.5M revenue, FY2025. The market capitalization is $4.5B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Golar LNG Ltd's Altman Z-Score?
Golar LNG Ltd (GLNG) has an Altman Z-Score of 1.11, 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 Ltd's Piotroski F-Score?
Golar LNG Ltd (GLNG) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Ltd cover its interest payments?
Golar LNG Ltd (GLNG) has an interest coverage ratio of 3.03x, 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 Ltd?
Golar LNG Ltd (GLNG) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Golar LNG Ltd it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.