Golar Lng Limited's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Golar Lng Limited (GLNG) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Golar Lng Limited vs Its Competitors
- TTM: Trailing 12-month revenue of 394M vs 7,821M combined for tracked competitors (4.8% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs accelerating (+264.5%) for its tracked peer group.
- Growth: Golar Lng Limited generated 32.2% revenue growth year over year in Q4 2025, vs -11.9% for its tracked competitors combined.
- Profitability: Its 28.6% net margin compares with 21.7% for the peer group.
- Scale: Golar Lng Limited ranks #8 of 20 companies by market capitalization in the Cruise and Shipping industry, holding 3.0% of industry market cap.
- Peer revenue share: Golar Lng Limited accounted for 5.2% of combined revenue among its tracked peer group, up from 3.6% a year earlier.
- Peer differentiation: Revenue per employee of $0.50M compares with $0.80M for the peer group (0.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
GLNG Sales vs. its Competitors, Q4 2025
Golar Lng Limited reported revenue growth of 32.18 % year on year in Q4 2025, above its competitors' combined revenue change of -11.86 %.
With a net margin of 28.61 %, Golar Lng Limited achieved higher profitability than its competitors (21.66 %).
Golar Lng Limited generated 5.23 % of the combined sales of its peer group, up from 3.55 % a year earlier.
Golar Lng Limited vs. its Competitors, Q4 2025
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Golar Lng Limited and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Golar Lng Limited | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Golar Lng Limited's competitor groups requires a Commercial License.
For context: the Cruise and Shipping industry grew revenue 9.4% year over year, combined, vs 32.2% for Golar Lng Limited. Golar Lng Limited's share of combined industry revenue moved from 0.57% to 0.69%, a gain of 0.12 percentage points.
Golar Lng Limited's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Golar Lng Limited | Yes | Yes | Yes | No |
| Competitors combined (14) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (9) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
GLNG Stock Performance relative to its Competitors
GLNG Stock Performance relative to High-Confidence Competitors
GLNG Stock Performance relative to Similar-Size Competitors
GLNG Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Nordic American Tankers Ltd | 282.9% | Outperformed |
| 2 | Golden Ocean Group Limited | 282.9% | Outperformed |
| 3 | Frontline Plc | 282.9% | Outperformed |
| 4 | Teekay Tankers Ltd | 282.9% | Outperformed |
| 5 | Dorian Lpg Ltd | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Golar Lng Limited's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Golar Lng Limited's Comment on Competition and Industry Peers
We believe that, together with Golar Partners, we are one of the worlds largest independent LNG carrier and FSRU owners and operators. Together with Golar Partners, our existing fleet, including the newbuilding vessel that is scheduled for delivery in late 2015, includes 26 vessels (nineteen LNG carriers and seven FSRUs). Our LNG carrier newbuildings have storage capacity of approximately 160,000 cubic metres to 162,000 cubic metres storage; a 0.1% boil-off rate; tri-fuel engines; and are capable of charter speeds of up to 19.5 knots. Our newbuild FSRUs range in capacity from 160,000 cubic metres to 170,000 cubic metres and can provide regasification throughput of up to 750 MCFD (or 5.8 MTA). The FSRUs can, subject to the customers requirements, remain classified as an LNG Carrier, flexible for LNG carrier service or be classified as an offshore unit, remaining permanently moored at site for a long contract duration without the requirement for periodic dry docking.
We compete with other independent shipping companies who also own and operate LNG carriers.
In addition to independent LNG operators, some of the major oil and gas producers,
including Royal Dutch Shell, BP, and BG own LNG carriers and have in the recent
past contracted for the construction of new LNG carriers. National gas and shipping
companies also have large fleets of LNG vessels that have expanded and will
likely continue to expand. These include Malaysian International Shipping Company,
or MISC, National Gas Shipping Company located in Abu Dhabi and Qatar Gas Transport
Company, or Nakilat.
Publicly Traded Peers of Golar Lng Limited
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Golar Lng Limited | 5,342.21 | 393.52 |
| Frontline Plc | 5,354.08 | 1,971.17 |
| Golden Ocean Group Limited | 4,690.11 | 968.42 |
| Teekay Tankers Ltd | 3,328.36 | 951.80 |
| Dorian Lpg Ltd | 2,322.89 | 585.18 |
| Sfl Corporation Ltd | 1,707.21 | 733.04 |
| SUBTOTAL | 29,609.70 | 9,182.70 |
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Sources: Golar Lng Limited's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Golar Lng Limited versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Golar Lng Limited's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Malaysian International Shipping Company | Named by the company | 85% |
| National Gas Shipping Company | Named by the company | 85% |
| Qatar Gas Transport Company | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Golar Lng Limited's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Golar Lng Limited's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Golar Lng Limited | FLNG 93.19 % |
| Teekay Tankers Ltd | Tankers 86.57 % |
| Teekay Corporation Ltd | Tankers 86.78 % |
| Top Ships Inc | Tanker Segment 94.59 % |
| Seapeak Llc | LNG 82.03 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Golar Lng Limited's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Golar Lng Limited | 5,342 | 504,515 | 144,328 |
| Frontline Plc | 5,354 | 25,599,649 | 4,923,130 |
| Golden Ocean Group Limited | 4,690 | 649,946 | 149,808 |
| Teekay Tankers Ltd | 3,328 | 38,071,880 | 14,047,440 |
| Dorian Lpg Ltd | 2,323 | 1,014,184 | 557,832 |
| Sfl Corporation Ltd | 1,707 | 30,543,375 | -1,101,292 |
| PEERS TOTAL | 24,267 | 795,185 | 187,784 |
Golar Lng Limited's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Singularity Future Technology Ltd | CN 100.00 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Golar Lng Limited's Position in Industry Market Structure
Market-capitalization share and concentration across all 19 companies in Golar Lng Limited's industry classification, broader than the peer set above. Market cap in millions of $.Golar Lng Limited ranks #8 of 19 companies by market capitalization in its industry, holding 2.99 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,086, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Royal Caribbean Cruises Ltd | 65,014 | 36.34 % |
| 2 | Viking Holdings Ltd | 35,401 | 19.79 % |
| 3 | Carnival Corporation | 30,730 | 17.18 % |
| 4 | Kirby Corporation | 7,066 | 3.95 % |
| 5 | Matson inc | 1,234 | 5.2% |
| 6 | Norwegian Cruise Line Holdings ltd | 1,234 | 5.2% |
| 7 | International Seaways Inc | 1,234 | 5.2% |
| 8 | Golar Lng Limited | 5,341 | 2.99 % |
| 9 | Golden Ocean Group Limited | 1,234 | 5.2% |
| 10 | Tidewater Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Golar Lng Limited's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Golar Lng Limited's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 3 | Carnival Corporation | 30,730 | -27.25 % |
| 4 | Kirby Corporation | 7,066 | 53.67 % |
| 5 | Matson inc | 6,771 | 119.22 % |
| 6 | Norwegian Cruise Line Holdings ltd | 6,639 | -42.60 % |
| 7 | International Seaways Inc | 1,234 | 12.3% |
| 8 | Golar Lng Limited | 5,341 | 21.91 % |
| 9 | Golden Ocean Group Limited | 1,234 | 12.3% |
| 10 | Tidewater Inc | 1,234 | 12.3% |
| 11 | Teekay Tankers Ltd | 1,234 | 12.3% |
| 12 | Flex Lng Ltd | 1,234 | 12.3% |
| 13 | Nordic American Tankers Ltd | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Golar Lng Limited's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Golar Lng Limited's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Cruise and Shipping industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (18 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.00 % | 47.32 % (avg) | -47.3 pp |
| Operating Margin | 25.34 % | industry median | +4.8 pp |
| EBITDA Margin | 42.22 % | 37.55 % (avg) | +4.7 pp |
| Capital Intensity (Capex / Revenue) | 0.05 % | 15.60 % (avg) | -15.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Golar Lng Limited's Valuation vs Competitive Position
Valuation multiples vs the Cruise and Shipping industry average (18 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 63.7x | 24.6x | +39.1x |
| EV / EBITDA | 36.5x | 15.4x | +21.1x |
| P/B | 2.3x | 4.0x | -1.7x |
| Return on Equity | 6.11 % | industry aggregate | -11.97 % |
| Return on Invested Capital | 1.49 % | 5.60 % (avg) | -4.11 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Golar Lng Limited's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | 23.05 % | -13.58 % | 32.18 % |
| Operating Margin | 4.59 % | 20.88 % | 25.34 % |
| Return on Invested Capital | 0.23 % | 1.06 % | 1.49 % |
| P/E | - | 81.2x | 63.7x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Golar Lng Limited's Strategic Group Map
Every company in Golar Lng Limited's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Golar Lng Limited is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Golar Lng Limited's BCG Growth-Share Matrix
Relative market share (vs Golar Lng Limited's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Golar Lng Limited falls in the Dog quadrant: relative market share of 0.08x vs its largest competitor, in an industry growing revenue -0.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Royal Caribbean Cruises Ltd alone holds 36% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Golar Lng Limited's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,086 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.05 % vs industry average 15.60 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Golar Lng Limited's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Golar Lng Limited's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Golar Lng Limited's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Golar Lng Limited falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Golar Lng Limited's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 12.0 points below the industry aggregate.
- Low relative market share vs the industry leader (0.08x).
Opportunities
- A meaningful share of tracked competitors (46.20 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by Royal Caribbean Cruises Ltd, holding 36.34 % of industry market cap.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Golar Lng Limited's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Golar Lng Limited | 2.12 | 2.55 | 1.66 |
| Frontline Plc | 0.51 | 1.43 | 1.09 |
| Golden Ocean Group Limited | 0.55 | 1.22 | 0.75 |
| Teekay Tankers Ltd | 6.14 | 7.98 | - |
| Dorian Lpg Ltd | 2.05 | 3.16 | 0.56 |
| Sfl Corporation Ltd | 0.21 | 0.36 | 3.32 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Golar Lng Limited's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Golar Lng Limited | Q4 2025 | +32.2 % | +39.3 % |
| Frontline Plc | Q4 2025 | -8.8 % | -23.5 % |
| Golden Ocean Group Limited | Q4 2024 | +9.3 % | +98.8 % |
| Teekay Tankers Ltd | Q4 2025 | -22.6 % | -13.0 % |
| Dorian Lpg Ltd | Q2 2026 | +123.1 % | +1,271.6 % |
| Sfl Corporation Ltd | Q4 2025 | -18.9 % | - |
| PEERS TOTAL | -8.5 % | -5.5 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Golar Lng Limited's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Golar Lng Limited | Q4 2025 | - | -87.5 % |
| Frontline Plc | Q4 2025 | - | -98.6 % |
| Golden Ocean Group Limited | Q4 2024 | - | -99.1 % |
| Teekay Tankers Ltd | Q4 2025 | -21.7 % | +169.9 % |
| Dorian Lpg Ltd | Q2 2026 | - | - |
| Sfl Corporation Ltd | Q4 2025 | - | - |
Golar Lng Limited's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Golar Lng Limited | 2.11% | 2.32% | 6.11% |
| Frontline Plc | 6.59% | 12.61% | 15.10% |
| Golden Ocean Group Limited | 6.61% | 6.81% | 11.75% |
| Teekay Tankers Ltd | 15.67% | 16.63% | 17.18% |
| Dorian Lpg Ltd | 17.56% | 17.77% | 28.69% |
| Sfl Corporation Ltd | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Golar Lng Limited's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Golar Lng Limited | 81.32 | 13.58 |
| Frontline Plc | 14.12 | 2.72 |
| Golden Ocean Group Limited | 20.94 | 4.84 |
| Teekay Tankers Ltd | 9.48 | 3.50 |
| Dorian Lpg Ltd | 7.20 | 3.97 |
| Sfl Corporation Ltd | - | 2.33 |
| PEERS AVERAGE | 13.53 | 3.22 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.