LPG Financials Dorian Lpg Ltd.

12 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Oct 16, 2026, 10:01 UTC Overview →

Growth & profitability

Revenue has grown 8.8% per year over the past 5 years.
Net income has grown faster than revenue (28.1% vs 8.8% per year).
Operating margin has expanded, at 43.6% in the latest year.
Free cash flow has grown 22.2% per year over the past 5 years.

Financial health

Total debt ($560M) exceeds cash ($327M); net debt is $233M.
Total debt has grown slower than revenue (-1.1% vs 8.8% per year).
Operating income covered interest expense 7.2× in the latest year.
Total debt is 2.0× EBITDA.

Shareholder returns

Dividends have been paid for 5 consecutive years, consuming 54.2% of earnings.
The dividend has grown 7.0% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$482M	$194M	0.0%	43.6%	17.0%	10.3%	—	$560M	$327M
2025	$353M	$90M	0.0%	31.9%	8.6%	5.1%	—	$553M	$317M
2024	$561M	$307M	0.0%	58.6%	30.0%	16.7%	—	$605M	$283M
2023	$390M	$172M	0.0%	50.9%	19.7%	10.1%	$155M	$657M	$149M
2022	$274M	$72M	0.0%	33.7%	7.8%	4.5%	$96M	$663M	$237M
2021	$316M	—	0.0%	36.7%	0.0%	0.0%	$161M	$591M	$79M
2020	$333M	—	0.0%	48.3%	0.0%	0.0%	$149M	$635M	$48M
2019	$158M	—	0.0%	-5.0%	0.0%	0.0%	$5M	$696M	$31M
2018	$159M	—	0.0%	2.4%	0.0%	0.0%	$57M	$759M	$104M
2017	$167M	—	0.0%	8.4%	0.0%	0.0%	$50M	$750M	$17M
2016	$289M	—	0.0%	54.8%	0.0%	0.0%	-$744M	$813M	$46M
2015	$104M	—	0.0%	28.9%	0.0%	0.0%	—	$200M	$205M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$188M	$138M	0.0%	75.9%	11.2%	7.3%	—	$508M	$342M
Mar '26	$153M	$81M	0.0%	54.8%	7.1%	4.3%	—	$560M	$327M
Dec '25	$120M	$47M	0.0%	42.8%	4.3%	2.7%	—	$513M	$294M
Sep '25	$124M	$55M	0.0%	47.8%	5.2%	3.1%	—	$526M	$268M
Jun '25	$84M	$10M	0.0%	18.5%	1.0%	0.6%	—	$540M	$278M
Mar '25	$76M	$8M	0.0%	19.4%	0.8%	0.5%	—	$553M	$317M
Dec '24	$81M	$21M	0.0%	29.0%	2.0%	1.2%	—	$566M	$315M
Sep '24	$82M	$9M	0.0%	23.2%	0.9%	0.5%	—	$579M	$349M
Jun '24	$114M	$51M	0.0%	48.5%	4.6%	2.7%	—	$592M	$353M
Mar '24	$141M	$79M	0.0%	58.3%	7.7%	4.3%	—	$605M	$283M
Dec '23	$163M	$100M	0.0%	67.7%	10.2%	5.5%	—	$618M	$208M
Sep '23	$145M	$77M	0.0%	55.6%	8.3%	4.3%	—	$631M	$192M
Jun '23	$112M	$52M	0.0%	49.9%	5.8%	3.0%	—	$644M	$156M
Mar '23	$134M	$76M	0.0%	62.7%	8.7%	4.4%	—	$657M	$149M
Dec '22	$103M	$51M	0.0%	55.6%	6.1%	3.3%	—	$629M	$130M
Sep '22	$76M	$20M	0.0%	37.0%	2.5%	1.4%	—	$642M	$141M
Jun '22	$77M	$25M	0.0%	37.7%	2.9%	1.6%	—	$657M	$156M
Mar '22	$80M	—	0.0%	47.1%	0.0%	0.0%	—	$663M	$237M
Dec '21	$69M	—	0.0%	32.9%	0.0%	0.0%	—	$576M	$116M
Sep '21	$63M	—	0.0%	30.3%	0.0%	0.0%	—	$567M	$98M

Valuation over time

How the market has priced LPG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 4.9× (Mar '23) to 11.3× (Nov '26).
The price-to-sales ratio has risen from 2.2× (Mar '23) to 4.5× (Nov '26).
The dividend yield has fallen from 25.9% (Mar '23) to 4.8% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is LPG growing its revenue and profit?

Over the past 5 years, Dorian Lpg Ltd.'s revenue has grown 8.8% per year, and net income grown 28.1% per year. These are computed facts, not advice.

How much debt does LPG have?

As of FY2026, Dorian Lpg Ltd. reported $560M of total debt against $327M of cash; operating income covered interest expense 7.2×.

What is LPG's profit margin?

In FY2026, gross margin was —, operating margin 43.6%, and net margin 40.2%.

What is LPG's P/E ratio?

Dorian Lpg Ltd.'s P/E (TTM) is 6.80 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the LPG stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 11.3× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.