LPG · Dorian Lpg Ltd. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $481.51M | $353.34M | $560.72M | $389.75M | $274.22M | $315.94M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $53.02M | $42.63M | $39.00M | $32.09M | $30.23M | $33.89M |
| Total Operating Expenses | $274.03M | $243.28M | $234.48M | $193.79M | $191.45M | $202.12M |
| D&A | $71.74M | $69.60M | $68.67M | $63.40M | $66.43M | $68.46M |
| Operating Income | $210.18M | $112.64M | $328.83M | $198.36M | $92.40M | $116.10M |
| Interest Expense | $29.25M | $33.63M | $38.01M | $31.40M | $20.12M | $21.67M |
| Income Tax | - | - | - | - | - | - |
| Net Income | $193.67M | $90.17M | $307.45M | $172.44M | $71.94M | $92.56M |
| EPS - Basic | $4.55 | $2.14 | $7.63 | $4.31 | $1.79 | $1.86 |
| EPS - Diluted | $4.54 | $2.14 | $7.60 | $4.29 | $1.78 | $1.86 |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $327.41M | $316.88M | $282.51M | $148.80M | $236.76M | $79.33M |
| Accounts Receivable | $2.04M | $1.36M | $659.6K | $3.28M | $853.1K | $202.2K |
| Inventory | $2.44M | $2.51M | $2.39M | $2.64M | $2.27M | $2.01M |
| Accounts Payable | $7.99M | $11.55M | $10.19M | $10.81M | $9.54M | $9.83M |
| Current Assets | $450.25M | $382.36M | $368.88M | $236.30M | $307.89M | $153.34M |
| Total Assets | $1.87B | $1.78B | $1.84B | $1.71B | $1.61B | $1.58B |
| Current Liabilities | $168.83M | $107.88M | $101.81M | $94.60M | $94.84M | $82.08M |
| Long-term Debt | $460.23M | $498.77M | $551.55M | $604.26M | $590.69M | $539.65M |
| Total Liabilities | $732.70M | $732.55M | $814.12M | $835.07M | $687.21M | $634.79M |
| Stockholders' Equity | $1.14B | $1.05B | $1.02B | $873.85M | $920.15M | $946.83M |
| Retained Earnings | $400.02M | $311.14M | $377.14M | $231.84M | $280.76M | $289.40M |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $210.14M | $173.01M | $388.45M | $224.06M | $118.70M | $170.60M |
| Investing Cash Flow | ($93.84M) | ($7.36M) | ($34.80M) | ($76.34M) | $68.77M | $1.02M |
| Financing Cash Flow | ($105.90M) | ($131.29M) | ($219.72M) | ($235.23M) | ($35.18M) | ($174.48M) |
| CapEx | - | - | - | $68.78M | $23.19M | $9.49M |
| Free Cash Flow | - | - | - | $155.28M | $95.51M | $161.10M |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 43.6% | 31.9% | 58.6% | 50.9% | 33.7% | 36.7% |
| EBITDA margin | 58.5% | 51.6% | 70.9% | 67.2% | 57.9% | 58.4% |
| Net margin | 40.2% | 25.5% | 54.8% | 44.2% | 26.2% | 29.3% |
| Free cash flow margin | - | - | - | 39.8% | 34.8% | 51.0% |
| FCF / Net income | - | - | - | 0.90 | 1.33 | 1.74 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 11.0% | 12.1% | 7.0% | 8.2% | 11.0% | 10.7% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | 10.3% | 5.1% | 16.7% | 10.1% | 4.5% | 5.9% |
| Return on equity | 17.0% | 8.6% | 30.0% | 19.7% | 7.8% | 9.8% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.67 | 3.54 | 3.62 | 2.50 | 3.25 | 1.87 |
| Quick ratio | 2.65 | 3.52 | 3.60 | 2.47 | 3.22 | 1.84 |
| Cash ratio | 1.94 | 2.94 | 2.77 | 1.57 | 2.50 | 0.97 |
| Leverage | ||||||
| Debt / Equity | 0.40 | 0.48 | 0.54 | 0.69 | 0.64 | 0.57 |
| Debt / Assets | 0.25 | 0.28 | 0.30 | 0.35 | 0.37 | 0.34 |
| Debt / EBITDA | 1.63 | 2.74 | 1.39 | 2.31 | 3.72 | 2.92 |
| Interest coverage | 7.2x | 3.3x | 8.7x | 6.3x | 4.6x | 5.4x |
| Equity multiplier | 1.64 | 1.70 | 1.80 | 1.96 | 1.75 | 1.67 |
| Liabilities / Assets | 0.39 | 0.41 | 0.44 | 0.49 | 0.43 | 0.40 |
| Efficiency | ||||||
| Asset turnover | 0.26 | 0.20 | 0.31 | 0.23 | 0.17 | 0.20 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 2d | 1d | 0d | 3d | 1d | 0d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 7.5x | 10.4x | 5.1x | 4.6x | 8.1x | 7.1x |
| P / B | 1.3x | 0.9x | 1.5x | 0.9x | 0.6x | 0.7x |
| P / S | 3.0x | 2.7x | 2.8x | 2.1x | 2.1x | 2.1x |
| EV / EBITDA | 5.6x | 6.2x | 4.6x | 4.8x | 5.9x | 6.0x |
| Growth | ||||||
| Revenue growth (YoY) | 36.3% | -37.0% | 43.9% | 42.1% | -13.2% | -5.2% |
| Revenue CAGR (3y) | 7.3% | 8.8% | 21.1% | 5.3% | 20.2% | 25.6% |
| Revenue CAGR (5y) | 8.8% | 1.2% | 28.8% | 19.6% | 10.4% | 1.8% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 86.6% | -65.7% | 65.8% | 114.7% | -20.4% | -27.9% |
| Net income growth (YoY) | 114.8% | -70.7% | 78.3% | 139.7% | -22.3% | -17.2% |
| EPS growth (YoY) | 112.1% | -71.8% | 77.2% | 141.0% | -4.3% | -10.1% |
| EPS CAGR (3y) | 1.9% | 6.3% | 59.9% | 27.5% | - | - |
| EPS CAGR (5y) | 19.5% | 0.7% | - | - | - | -4.1% |
| FCF growth (YoY) | - | - | - | 62.6% | -40.7% | 8.0% |
| FCF CAGR (5y) | - | - | - | 0.6% | 13.7% | - |
| Book value growth (YoY) | 8.9% | 2.2% | 17.1% | -5.0% | -2.8% | -3.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-03-31.
Product / service
$389.75M totalNet Pool Revenue Related Party$364.55M · 93.5%
Time Charter Revenue$22.71M · 5.8%
Other Revenue$2.49M · 0.6%
Stability scores
Altman Z′
FY 2026 · bankruptcy risk
1.55
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2026 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Deep Sea Foreign Transportation of Freight
Comparing DORIAN LPG LTD. against the 5 most active filers in the same SIC group.
Dividends
$2.95/share trailing 12 months · -7.8% YoY
| Ex-date | Per share |
|---|---|
| May 18, 2026 | $1.0000 |
| Feb 9, 2026 | $0.7000 |
| Nov 17, 2025 | $0.6500 |
| Aug 12, 2025 | $0.6000 |
| May 16, 2025 | $0.5000 |
| Feb 5, 2025 | $0.7000 |
| Nov 5, 2024 | $1.0000 |
| Aug 8, 2024 | $1.0000 |
| May 7, 2024 | $1.0000 |
| Feb 2, 2024 | $1.0000 |
| Oct 19, 2023 | $1.0000 |
| Aug 9, 2023 | $1.0000 |
| May 5, 2023 | $1.0000 |
| Feb 14, 2023 | $1.0000 |
| Nov 4, 2022 | $1.0000 |
| Aug 12, 2022 | $1.0000 |
| May 13, 2022 | $2.5000 |
| Jan 13, 2022 | $1.0000 |
| Aug 6, 2021 | $1.0000 |