NYSE : LPG
Dorian LPG Ltd. — Financial statements
Energy · Oil & Gas Midstream · United States
Last price 54.68 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.34B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Dorian LPG Ltd. (LPG) reported revenue of 578.85M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 8.25M | 25.90M | 22.71M | 22.38M | ||
| Other Revenue | 578.85M | 474.89M | 341.42M | 532.94M | 364.55M | 246.31M |
| Revenue | 578.85M | 474.89M | 349.67M | 558.83M | 387.26M | 268.68M |
| Cost of Revenue | 156.74M | 147.53M | 131.05M | 126.81M | 98.31M | 94.79M |
| Gross Profit | 422.12M | 327.36M | 218.62M | 432.02M | 288.95M | 173.89M |
| Selling, General & Admin | 49.61M | 53.02M | 42.63M | 39.00M | 32.09M | 30.23M |
| Other Operating Expenses | -5.65M | -7.59M | -6.25M | -4.48M | -4.89M | -7.91M |
| Operating Expenses | 114.98M | 117.18M | 105.97M | 103.19M | 90.59M | 88.75M |
| Operating Income | 307.13M | 210.18M | 112.64M | 328.83M | 198.36M | 85.14M |
| Interest Expense | -26.38M | -27.26M | -34.39M | -31.75M | -29.09M | -18.10M |
| Interest & Investment Income | 11.28M | 11.14M | 15.22M | 9.49M | 3.81M | 347.08K |
| Other Non Operating Income (Expenses) | -1.57M | -1.47M | -2.00M | -602.56K | -3.06M | -1.57M |
| EBT Excluding Unusual Items | 290.47M | 192.59M | 91.47M | 305.96M | 170.01M | 65.82M |
| Gain (Loss) on Sale of Investments | 1.29M | 1.08M | -1.30M | 1.48M | 2.43M | -1.14M |
| Gain (Loss) on Sale of Assets | 30.12M | 7.26M | ||||
| Pretax Income | 321.87M | 193.67M | 90.17M | 307.45M | 172.44M | 71.94M |
| Net Income | 321.87M | 193.67M | 90.17M | 307.45M | 172.44M | 71.94M |
| Net Income to Common | 321.87M | 193.67M | 90.17M | 307.45M | 172.44M | 71.94M |
| Shares Outstanding (Basic) | 42.55M | 42.52M | 42.13M | 40.28M | 40.03M | 40.20M |
| Shares Outstanding (Diluted) | 42.67M | 42.61M | 42.23M | 40.45M | 40.21M | 40.37M |
| EPS (Basic) | 7.56 | 4.55 | 2.14 | 7.63 | 4.31 | 1.79 |
| EPS (Diluted) | 7.54 | 4.54 | 2.14 | 7.60 | 4.29 | 1.78 |
| Free Cash Flow | 148.83M | 116.30M | 154.06M | 355.59M | 155.27M | 95.51M |
| Free Cash Flow Per Share | 3.49 | 2.73 | 3.65 | 8.79 | 3.86 | 2.37 |
| Dividend Per Share | 3.35 | 2.95 | 3.20 | 4.00 | 4.00 | 4.50 |
| Gross Margin | 72.92% | 68.93% | 62.52% | 77.31% | 74.61% | 64.72% |
| Operating Margin | 53.06% | 44.26% | 32.21% | 58.84% | 51.22% | 31.69% |
| Profit Margin | 55.61% | 40.78% | 25.79% | 55.02% | 44.53% | 26.77% |
| Free Cash Flow Margin | 25.71% | 24.49% | 44.06% | 63.63% | 40.10% | 35.55% |
| EBITDA | 369.44M | 274.92M | 176.91M | 397.50M | 261.76M | 151.57M |
| EBITDA Margin | 63.82% | 57.89% | 50.59% | 71.13% | 67.59% | 56.41% |
| D&A For EBITDA | 62.31M | 64.74M | 64.26M | 68.67M | 63.40M | 66.43M |
| EBIT | 307.13M | 210.18M | 112.64M | 328.83M | 198.36M | 85.14M |
| EBIT Margin | 53.06% | 44.26% | 32.21% | 58.84% | 51.22% | 31.69% |
| Revenue as Reported | 585.18M | 481.51M | 353.34M | 560.72M | 389.75M | 274.22M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 342.14M | 327.41M | 316.88M | 282.51M | 148.80M | 236.76M |
| Short-Term Investments | 11.53M | |||||
| Trading Asset Securities | 5.14M | |||||
| Cash & Short-Term Investments | 342.14M | 327.41M | 316.88M | 299.18M | 148.80M | 236.76M |
| Receivables | 194.00M | 99.08M | 49.45M | 53.01M | 76.35M | 58.64M |
| Inventory | 2.58M | 2.44M | 2.51M | 2.39M | 2.64M | 2.27M |
| Prepaid Expenses | 23.91M | 21.32M | 13.52M | 14.30M | 8.51M | 10.23M |
| Total Current Assets | 719.09M | 450.25M | 382.36M | 368.88M | 236.30M | 307.89M |
| Property, Plant & Equipment | 1.14B | 1.36B | 1.35B | 1.42B | 1.42B | 1.26B |
| Long-Term Investments | 3.27M | 2.34M | 3.50M | 4.15M | 20.65M | 6.51M |
| Long-Term Accounts Receivable | 22.00M | 26.40M | 26.40M | 25.30M | 20.90M | 19.80M |
| Long-Term Deferred Charges | 18.95M | 24.99M | 17.24M | 12.54M | 8.37M | 9.84M |
| Other Long-Term Assets | 3.02M | 3.07M | 2.88M | 2.66M | 545.64K | 713.02K |
| Total Assets | 1.90B | 1.87B | 1.78B | 1.84B | 1.71B | 1.61B |
| Accounts Payable | 8.69M | 7.99M | 11.55M | 10.19M | 10.81M | 9.54M |
| Accrued Expenses | 6.12M | 11.33M | 5.43M | 3.96M | 5.81M | 3.84M |
| Current Portion of Long-Term Debt | 158.67M | 100.16M | 54.50M | 53.54M | 53.11M | 72.08M |
| Current Portion of Leases | 44.58M | 46.66M | 34.81M | 32.49M | 23.41M | 8.07M |
| Current Unearned Revenue | 1.86M | 1.98M | 679.26K | 486.87K | 208.56K | 813.97K |
| Other Current Liabilities | 933.09K | 700.37K | 915.15K | 1.15M | 1.26M | 494.18K |
| Total Current Liabilities | 220.85M | 168.83M | 107.88M | 101.81M | 94.60M | 94.84M |
| Long-Term Debt | 348.87M | 460.23M | 498.77M | 551.55M | 604.26M | 590.69M |
| Long-Term Leases | 94.12M | 102.06M | 124.42M | 159.23M | 134.78M | |
| Other Long-Term Liabilities | 1.47M | 1.58M | 1.48M | 1.53M | 1.43M | 1.69M |
| Total Liabilities | 665.31M | 732.70M | 732.55M | 814.12M | 835.07M | 687.21M |
| Common Stock | 546.48K | 546.48K | 543.24K | 519.95K | 516.31K | 513.22K |
| Additional Paid-In Capital | 880.57M | 878.55M | 867.52M | 772.71M | 764.38M | 760.11M |
| Retained Earnings | 495.52M | 400.02M | 311.14M | 377.14M | 231.84M | 280.76M |
| Treasury Stock | -140.12M | -140.12M | -133.10M | -126.84M | -122.90M | -121.23M |
| Shareholders' Equity | 1.24B | 1.14B | 1.05B | 1.02B | 873.85M | 920.15M |
| Total Liabilities & Equity | 1.90B | 1.87B | 1.78B | 1.84B | 1.71B | 1.61B |
| Total Debt | 646.24M | 709.12M | 712.51M | 796.81M | 815.56M | 670.84M |
| Net Cash (Debt) | -304.10M | -381.71M | -395.63M | -497.63M | -666.76M | -434.08M |
| Net Cash Per Share | -7.13 | -8.96 | -9.37 | -12.30 | -16.58 | -10.75 |
| Filing Date Shares Outstanding | 42.78M | 42.78M | 42.65M | 40.62M | 40.38M | 40.14M |
| Total Common Shares Outstanding | 42.78M | 42.78M | 42.75M | 40.62M | 40.38M | 40.19M |
| Working Capital | 498.23M | 281.42M | 274.47M | 267.07M | 141.70M | 213.06M |
| Book Value Per Share | 28.90 | 26.62 | 24.47 | 25.20 | 21.64 | 22.90 |
| Tangible Book Value | 1.24B | 1.14B | 1.05B | 1.02B | 873.85M | 920.15M |
| Tangible Book Value Per Share | 28.90 | 26.62 | 24.47 | 25.20 | 21.64 | 22.90 |
| Machinery | 1.54B | 1.87B | 1.74B | 1.73B | 1.72B | 1.64B |
| Construction In Progress | 37.27M | 23.83M | 16.40M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 321.87M | 193.67M | 90.17M | 307.45M | 172.44M | 71.94M |
| Depreciation & Amortization | 62.31M | 64.74M | 64.26M | 68.67M | 63.40M | 66.43M |
| Other Amortization | 10.11M | 8.15M | 6.56M | 1.24M | 5.60M | 5.89M |
| Loss (Gain) From Sale of Assets | -30.12M | -7.26M | ||||
| Stock-Based Compensation | 11.29M | 11.03M | 10.42M | 8.33M | 4.28M | 3.33M |
| Other Operating Activities | 41.90M | 40.55M | 39.08M | 26.17M | 4.45M | -56.60K |
| Change in Accounts Receivable | -8.95M | -7.50M | -1.07M | -926.44K | -2.69M | -4.07M |
| Change in Accounts Payable | -541.03K | -1.07M | -35.35K | -1.27M | 591.84K | -115.29K |
| Change in Other Net Operating Assets | -168.07M | -99.42M | -36.37M | -21.22M | -24.01M | -17.40M |
| Operating Cash Flow | 239.80M | 210.14M | 173.01M | 388.45M | 224.06M | 118.70M |
| Capital Expenditures | -90.97M | -93.84M | -18.95M | -32.85M | -68.78M | -23.19M |
| Sale of Property, Plant & Equipment | 80.73M | 90.46M | ||||
| Investment in Securities | 11.59M | -1.95M | 3.72M | 1.49M | ||
| Other Investing Activities | -11.28M | |||||
| Investing Cash Flow | -10.24M | -93.84M | -7.36M | -34.80M | -76.34M | 68.77M |
| Long-Term Debt Issued | 62.90M | 346.00M | 298.25M | |||
| Long-Term Debt Repaid | -54.50M | -53.03M | -53.11M | -352.46M | -230.32M | |
| Net Debt Issued (Repaid) | -31.04M | 8.40M | -53.03M | -53.11M | -6.46M | 67.93M |
| Issuance of Common Stock | 89.00M | |||||
| Repurchase of Common Stock | -5.19M | -7.01M | -6.27M | -3.94M | -1.67M | -21.36M |
| Common Dividends Paid | -126.35M | -105.01M | -156.40M | -162.26M | -220.60M | -80.08M |
| Other Financing Activities | -2.55M | -2.28M | -4.59M | -407.50K | -6.51M | -1.66M |
| Financing Cash Flow | -165.13M | -105.90M | -131.29M | -219.72M | -235.23M | -35.18M |
| Foreign Exchange Rate Adjustments | -212.40K | 135.88K | 7.47K | -215.79K | -449.90K | -172.83K |
| Net Cash Flow | 64.22M | 10.54M | 34.37M | 133.71M | -87.96M | 152.11M |
| Free Cash Flow | 148.83M | 116.30M | 154.06M | 355.59M | 155.27M | 95.51M |
| Free Cash Flow Margin | 25.71% | 24.49% | 44.06% | 63.63% | 40.10% | 35.55% |
| Free Cash Flow Per Share | 3.49 | 2.73 | 3.65 | 8.79 | 3.86 | 2.37 |
| Levered Free Cash Flow | -119.73M | 50.46M | 118.22M | 246.56M | 97.31M | 92.37M |
| Unlevered Free Cash Flow | -104.64M | 66.36M | 138.49M | 265.16M | 109.89M | 97.79M |
| Cash Interest Paid | 26.10M | 27.00M | 32.81M | 37.89M | 31.07M | 20.59M |
| Change in Working Capital | -177.56M | -107.99M | -37.48M | -23.41M | -26.11M | -21.58M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.19B | 1.46B | 956.25M | 1.56B | 804.59M | 581.61M |
| Enterprise Value | 2.49B | 1.84B | 1.36B | 2.17B | 1.34B | 1.05B |
| Last Close Price | 51.16 | 32.63 | 19.52 | 29.96 | 13.48 | 7.18 |
| PE Ratio | 6.79 | 7.55 | 10.61 | 5.08 | 4.67 | 8.09 |
| Forward PE | 6.60 | 8.09 | 6.59 | 6.42 | 5.34 | 12.91 |
| PS Ratio | 3.78 | 3.08 | 2.73 | 2.79 | 2.08 | 2.17 |
| PB Ratio | 1.77 | 1.28 | 0.91 | 1.52 | 0.92 | 0.63 |
| P/TBV Ratio | 1.77 | 1.28 | 0.91 | 1.52 | 0.92 | 0.63 |
| P/FCF Ratio | 14.71 | 12.57 | 6.21 | 4.39 | 5.18 | 6.09 |
| P/OCF Ratio | 9.13 | 6.96 | 5.53 | 4.02 | 3.59 | 4.90 |
| PEG Ratio | 8.70 | 8.70 | 8.70 | 8.70 | 8.70 | |
| EV/Sales Ratio | 4.31 | 3.88 | 3.90 | 3.88 | 3.47 | 3.92 |
| EV/EBITDA Ratio | 6.75 | 6.70 | 7.71 | 5.45 | 5.13 | 6.95 |
| EV/EBIT Ratio | 8.12 | 8.76 | 12.11 | 6.59 | 6.77 | 12.37 |
| EV/FCF Ratio | 16.75 | 15.83 | 8.86 | 6.09 | 8.65 | 11.02 |
| Debt / Equity Ratio | 0.52 | 0.62 | 0.68 | 0.78 | 0.93 | 0.73 |
| Debt / EBITDA Ratio | 1.46 | 2.11 | 3.26 | 1.80 | 2.86 | 3.98 |
| Debt / FCF Ratio | 4.34 | 6.10 | 4.62 | 2.24 | 5.25 | 7.02 |
| Net Debt / Equity Ratio | 0.25 | 0.34 | 0.38 | 0.49 | 0.76 | 0.47 |
| Net Debt / EBITDA Ratio | 0.82 | 1.39 | 2.24 | 1.25 | 2.55 | 2.86 |
| Net Debt / FCF Ratio | 2.04 | 3.28 | 2.57 | 1.40 | 4.29 | 4.54 |
| Asset Turnover | 0.32 | 0.26 | 0.19 | 0.32 | 0.23 | 0.17 |
| Inventory Turnover | 62.80 | 59.61 | 53.47 | 50.36 | 40.05 | 44.36 |
| Quick Ratio | 2.43 | 2.53 | 3.40 | 3.46 | 2.38 | 3.12 |
| Current Ratio | 3.26 | 2.67 | 3.54 | 3.62 | 2.50 | 3.25 |
| Return on Equity (ROE) | 28.34% | 17.73% | 8.71% | 32.41% | 19.23% | 7.71% |
| Return on Assets (ROA) | 10.52% | 7.20% | 3.89% | 11.59% | 7.48% | 3.34% |
| Return on Capital Employed (ROCE) | 18.30% | 12.30% | 6.70% | 18.90% | 12.30% | 5.60% |
| Earnings Yield | 14.74% | 13.25% | 9.43% | 19.69% | 21.43% | 12.37% |
| FCF Yield | 6.80% | 7.96% | 16.11% | 22.78% | 19.30% | 16.42% |
| Dividend Yield | 5.77% | 8.63% | 14.31% | 10.41% | 20.08% | 31.09% |
| Payout Ratio | 44.44% | 54.22% | 173.45% | 52.78% | 127.92% | 111.33% |
| Buyback Yield / Dilution | -0.23% | -0.90% | -4.41% | -0.59% | 0.38% | 18.99% |
| Total Shareholder Return | 5.53% | 7.73% | 9.90% | 9.81% | 20.46% | 50.08% |