What is BLUE DOLPHIN ENERGY CO's earnings per share (EPS)?

BLUE DOLPHIN ENERGY CO (BDCO) reported diluted earnings per share of -$0.38 for fiscal year 2025. This represents a 34.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

BLUE DOLPHIN ENERGY CO (BDCO) Financials

BDCO

Trailing 12 months to June 30, 2026

Revenue $364.9M +22.8% YoY

Net Income $31.9M +12780.6% YoY

EPS (Diluted) $1.77 +410.5% YoY

Free Cash Flow $40.9M +1604.8% YoY

Market Cap $197.4M as of Oct 13, 2026

Price / Sales 0.5x on $364.9M revenue, trailing 12 months to June 30, 2026

Price / Earnings 6.2x on $31.9M net income, trailing 12 months to June 30, 2026

Price / Book 3.3x on $59.8M equity, Q2 FY2026

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 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 14, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BDCO SEC filings page.

BLUE DOLPHIN ENERGY CO (BDCO) reported $364.9M in revenue over the twelve months to Jun 30, 2026, up 22.8% from the prior twelve months. 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).

Rhea AI BDCO FY2025 2026-10-01

The latest figures show a low-capital-spending operation nearing cash-flow balance, while weaker equity and liquidity increase balance-sheet dependence.

Positive EBITDA of $1.3M did not become operating profit because $2.9M of depreciation exceeded it. Operating cash flow improved from -$15.7M in FY2024 to -$766K in FY2025, while free cash flow remained nearly identical to operating cash flow, indicating that the improvement came from operations rather than reduced reinvestment.

Revenue fell from $317.5M in FY2024 to $279.4M in FY2025, yet operating margin improved rather than worsened. That combination points to cost absorption or mix effects, not volume-led expansion.

Debt-to-equity reached 2.6x in FY2025 as equity fell to $27.4M, leaving less balance-sheet capacity than in FY2023. The current ratio was 0.6x against $68.6M of current liabilities, so short-term obligations remained larger than current assets.

Financial Health Signals

Financial health score not available

BLUE DOLPHIN ENERGY CO does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Safe

3.95

BLUE DOLPHIN ENERGY CO scores 3.95, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

1/7

BLUE DOLPHIN ENERGY CO passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). No profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Interest Coverage At Risk

N/A

BLUE DOLPHIN ENERGY CO reported an operating loss of $1.5M against $5.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$144.3M

YoY+154.9%

QoQ+77.0%

5Y CAGR+15.7%

10Y CAGR+13.1%

BLUE DOLPHIN ENERGY CO generated $144.3M in revenue in Q2 2026. This represents an increase of 154.9% from the same quarter a year earlier. Against the prior quarter it is up 77.0%.

EBITDA

$23.8M

YoY+4388.3%

QoQ+15.2%

BLUE DOLPHIN ENERGY CO's EBITDA was $23.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4388.3% from the same quarter a year earlier. Against the prior quarter it is up 15.2%.

Net Income

$17.7M

YoY+1130.0%

QoQ+20.4%

BLUE DOLPHIN ENERGY CO reported $17.7M in net income in Q2 2026. This represents an increase of 1130.0% from the same quarter a year earlier. Against the prior quarter it is up 20.4%.

EPS (Diluted)

$1.19

YoY+1091.7%

QoQ+20.2%

BLUE DOLPHIN ENERGY CO earned $1.19 per diluted share (EPS) in Q2 2026. This represents an increase of 1091.7% from the same quarter a year earlier. Against the prior quarter it is up 20.2%.

Cash & Balance Sheet

Free Cash Flow

$38.1M

YoY+2406.5%

QoQ+4544.0%

BLUE DOLPHIN ENERGY CO generated $38.1M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 2406.5% from the same quarter a year earlier. Against the prior quarter it is up 4544.0%.

Cash & Debt

$30.7M

YoY+3650.3%

QoQ+7559.6%

5Y CAGR+251.8%

10Y CAGR+7.9%

BLUE DOLPHIN ENERGY CO held $30.7M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

15M

YoY0.0%

QoQ0.0%

BLUE DOLPHIN ENERGY CO had 15M shares outstanding in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Operating Margin

16.4%

YoY+17.6pp

QoQ-8.0pp

5Y change+20.1pp

10Y change+27.0pp

BLUE DOLPHIN ENERGY CO's operating margin was 16.4% in Q2 2026, reflecting core business profitability. This is up 17.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.0 percentage points.

Net Margin

12.3%

YoY+15.3pp

QoQ-5.8pp

5Y change+18.2pp

10Y change+19.8pp

BLUE DOLPHIN ENERGY CO's net profit margin was 12.3% in Q2 2026, showing the share of revenue converted to profit. This is up 15.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.8 percentage points.

Return on Equity

29.6%

YoY+34.8pp

QoQ-5.3pp

BLUE DOLPHIN ENERGY CO's ROE was 29.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 34.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.3 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$121K

YoY+317.2%

QoQ+1000.0%

BLUE DOLPHIN ENERGY CO invested $121K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 317.2% from the same quarter a year earlier. Against the prior quarter it is up 1000.0%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

BDCO 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.

BDCO quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$364.9M	$279.4M-12.0%	$317.5M-19.8%	$396.0M-18.8%	$487.5M+62.1%	$300.8M+72.1%	$174.8M-43.5%	$309.3M-9.2%	$340.8M+31.8%	$258.4M+54.0%	$167.9M-24.3%	$221.7M-42.9%	$388.7M-5.1%	$409.5M+16.3%	$352.1M+15382.0%	$2.3M
Cost of Revenue	$317.1M	$270.7M-13.7%	$313.6M-11.4%	$353.9M-19.8%	$441.4M+47.2%	$299.9M+69.6%	$176.9M-40.6%	$297.8M-10.3%	$331.9M+33.6%	$248.4M	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	$44.7M-3.0%	$46.1M+4940.6%	$914K+144.5%	-$2.1M-117.9%	$11.4M+29.6%	$8.8M-11.9%	$10.0M	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$5.3M	$5.3M-17.9%	$6.4M+105.6%	$3.1M+7.5%	$2.9M-3.5%	$3.0M+31.4%	$2.3M-13.5%	$2.7M-18.7%	$3.3M-18.6%	$4.0M+48.5%	$2.7M+77.5%	$1.5M+6.9%	$1.4M-20.4%	$1.8M-13.6%	$2.1M+221.8%	$645K
Operating Income	$38.4M	-$1.5M+64.7%	-$4.3M-111.8%	$36.4M-6.9%	$39.1M+683.4%	-$6.7M+14.7%	-$7.9M-244.0%	$5.5M+113.0%	$2.6M+111.7%	-$21.9M-78.8%	-$12.2M-260.9%	$7.6M-29.3%	$10.7M+384.7%	-$3.8M+71.9%	-$13.4M-1925.7%	-$663K
EBITDA	N/A	$1.3M+189.8%	-$1.5M-103.8%	$39.2M-6.4%	$41.9M+1168.7%	-$3.9M+24.1%	-$5.2M-274.4%	$3.0M-34.1%	$4.5M+122.4%	-$20.1M-94.9%	-$10.3M-211.3%	$9.2M-24.9%	$12.3M+340.7%	-$5.1M+66.0%	-$15.1M-2232.6%	-$645K
Interest Expense	$5.0M	$5.4M-11.1%	$6.1M-0.6%	$6.1M+3.7%	$5.9M-5.1%	$6.2M-8.3%	$6.8M+0.2%	$6.8M+100.7%	$3.4M+21.4%	$2.8M+49.4%	$1.9M+6.4%	$1.7M+95.2%	$892K-18.9%	$1.1M+15.2%	$955K+1759.3%	$51K
Income Tax	$7.2M	-$1.3M+14.5%	-$1.5M-215.3%	-$485K-58.0%	-$307K	$0-100.0%	$15K	$0-100.0%	$260K	$0+100.0%	-$3.6M-48.2%	-$2.4M-143.6%	$5.6M+6360.2%	-$89K-822.2%	-$10K-146.3%	$21K
Net Income	$31.9M	$0	$0-100.0%	$31.0M-5.7%	$32.9M+356.1%	-$12.8M+11.2%	-$14.5M-296.4%	$7.4M+1507.5%	-$523K+97.7%	-$22.3M-41.6%	-$15.8M-458.1%	$4.4M-72.1%	$15.8M+513.9%	-$3.8M+79.2%	-$18.3M-10045.2%	$184K
EPS (Basic)	N/A	-$0.38+34.5%	-$0.58-127.9%	$2.08-11.1%	$2.34+331.7%	-$1.01+12.2%	-$1.15-274.2%	$0.66+1420.0%	-$0.05+97.6%	-$2.09-38.4%	-$1.51-459.5%	$0.42-72.2%	$1.51+519.4%	-$0.36+79.8%	-$1.78-9000.0%	$0.02
EPS (Diluted)	$1.77	-$0.38+34.5%	-$0.58-127.9%	$2.08-11.1%	$2.34+331.7%	-$1.01+12.2%	-$1.15-274.2%	$0.66+1420.0%	-$0.05+97.6%	-$2.09-38.4%	-$1.51-459.5%	$0.42-72.2%	$1.51+519.4%	-$0.36+79.8%	-$1.78-9000.0%	$0.02
Diluted Shares (Avg)	N/A	15M0.0%	15M0.0%	15M+6.0%	14M+10.9%	13M+0.9%	13M+12.7%	11M+2.0%	11M+2.3%	11M+2.2%	10M+0.1%	10M+0.1%	10M0.0%	10M+1.6%	10M+22.0%	8M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$144.3M+154.9%	$81.5M-2.6%	$68.8M-8.0%	$70.4M-14.3%	$56.6M-18.8%	$83.7M-8.1%	$74.7M-30.8%	$82.1M-19.9%
Cost of Revenue	$119.2M+112.7%	$60.9M-21.5%	$66.7M-9.8%	$70.3M-17.7%	$56.0M-24.6%	$77.6M-2.8%	$74.0M-25.6%	$85.4M-6.5%
SG&A Expenses	$885K+25.7%	$1.2M-13.5%	$1.6M-45.8%	$1.6M+56.9%	$704K-52.1%	$1.4M+37.8%	$2.9M+3170.8%	$1.0M-6.4%
Operating Income	$23.7M+3872.0%	$19.9M+359.2%	-$137K+95.0%	-$5.1M-6.2%	-$629K+90.5%	$4.3M-55.8%	-$2.7M-130.1%	-$4.8M-153.6%
EBITDA	$23.8M+4388.3%	$20.7M+308.6%	$1.9M+354.5%	-$5.0M-6.0%	-$555K+91.5%	$5.1M-52.0%	-$734K-107.5%	-$4.7M-149.1%
Interest Expense	$1.3M-18.4%	$1.4M-5.6%	$1.5M+1.2%	$850K-45.5%	$1.6M+4.7%	$1.5M-3.3%	$1.5M-1.5%	$1.6M-0.8%
Income Tax	$4.9M+1160.3%	$3.8M+503.3%	-$213K+30.8%	-$1.3M+5.6%	-$459K+73.3%	$635K-65.5%	-$308K+71.9%	-$1.3M-497.1%
Net Income	$17.7M+1130.0%	$14.7M+556.4%	$4.2M-12.1%	-$4.7M+6.5%	-$1.7M+72.9%	$2.2M-66.1%	$4.7M-46.0%	-$5.0M-170.8%
EPS (Basic)	$1.19+1091.7%	$0.99+560.0%	-$0.10+61.5%	-$0.31+8.8%	-$0.12+72.1%	$0.15-65.9%	-$0.26-144.1%	-$0.34-172.3%
EPS (Diluted)	$1.19+1091.7%	$0.99+560.0%	-$0.10+61.5%	-$0.31+8.8%	-$0.12+72.1%	$0.15-65.9%	-$0.26-144.1%	-$0.34-172.3%
Diluted Shares (Avg)	15M0.0%	15M0.0%	N/A	15M0.0%	15M0.0%	15M0.0%	N/A	15M0.0%

Not reported in any period shown, so not listed: Gross Profit, R&D Expenses.

BDCO Balance Sheet

BDCO quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$99.1M-2.8%	$101.9M-3.9%	$106.1M+26.4%	$83.9M+26.5%	$66.3M-4.3%	$69.3M-3.0%	$71.4M+1.1%	$70.7M-3.7%	$73.4M-2.6%	$75.4M-15.3%	$89.0M+47.4%	$60.4M+4.7%	$57.7M+2.3%	$56.4M+47.8%	$38.1M
Current Assets	$44.2M-1.3%	$44.8M-9.2%	$49.3M+96.5%	$25.1M+330.8%	$5.8M+4.7%	$5.6M-8.5%	$6.1M+50.4%	$4.0M-42.1%	$7.0M-36.2%	$10.9M-44.2%	$19.6M+33.7%	$14.7M-28.3%	$20.5M+4.1%	$19.7M+274.1%	$5.3M
Cash & Equivalents	$1.0M+1146.9%	$81K-99.6%	$18.7M+3498.7%	$520K-95.0%	$10.5M+845.1%	$1.1M+66.3%	$668K-59.9%	$1.7M-22.4%	$2.1M-64.7%	$6.1M-70.5%	$20.6M+1496.4%	$1.3M+197.5%	$435K+3.3%	$421K+23000.8%	$2K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$30.9M-13.4%	$35.7M+45.1%	$24.6M+23.8%	$19.8M+540.5%	$3.1M+191.7%	$1.1M-35.4%	$1.6M+8.9%	$1.5M-51.1%	$3.1M+48.8%	$2.1M-73.4%	$7.8M+144.0%	$3.2M-31.7%	$4.7M+103.7%	$2.3M-49.3%	$4.5M
Accounts Receivable	$8.3M+40.0%	$6.0M+38.6%	$4.3M+274.6%	$1.1M+811.1%	$126K-41.1%	$214K-52.0%	$446K+17.7%	$379K-72.1%	$1.4M-32.9%	$2.0M-62.9%	$5.5M-34.6%	$8.3M-38.2%	$13.5M-12.4%	$15.4M	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Total Liabilities	$71.7M+4.0%	$68.9M+6.9%	$64.5M-12.1%	$73.3M-18.5%	$89.9M+12.3%	$80.1M+17.8%	$68.0M-10.5%	$75.9M-2.9%	$78.1M+33.2%	$58.7M+3.6%	$56.6M+74.6%	$32.4M-28.8%	$45.6M+14.6%	$39.8M+76.9%	$22.5M
Current Liabilities	$68.6M+7.3%	$63.9M+15.3%	$55.4M-21.2%	$70.3M-16.5%	$84.3M+8.3%	$77.8M+18.9%	$65.5M-13.8%	$75.9M-0.8%	$76.5M+56.9%	$48.8M+141.0%	$20.2M+13.1%	$17.9M-37.1%	$28.4M+18.5%	$24.0M+155.9%	$9.4M
Non-Current Liabilities	$3.1M-37.6%	$5.0M-44.4%	$9.1M+203.6%	$3.0M-47.3%	$5.7M+151.9%	$2.2M-10.0%	$2.5M	$0-100.0%	$1.6M-83.3%	$9.9M-72.8%	$36.4M+150.1%	$14.6M-15.1%	$17.1M+8.7%	$15.8M+20.3%	$13.1M
Long-Term Debt	N/A	N/A	N/A	$2.3M+177.1%	$838K+136.1%	$355K	$0	$0	$0-100.0%	$1.3M-96.0%	$32.8M+203.9%	$10.8M-22.2%	$13.9M-0.7%	$14.0M+12.3%	$12.5M
Total Equity	$27.4M-17.0%	$33.0M-20.8%	$41.6M+292.9%	$10.6M+144.8%	-$23.6M-119.1%	-$10.8M-409.4%	$3.5M+166.7%	-$5.2M-10.4%	-$4.7M-128.3%	$16.7M-48.4%	$32.4M+15.8%	$28.0M+130.9%	$12.1M-27.1%	$16.6M+6.1%	$15.7M
Retained Earnings	-$12.5M-80.7%	-$6.9M-510.4%	$1.7M+105.8%	-$29.3M+52.9%	-$62.2M-26.0%	-$49.4M-41.4%	-$34.9M+17.4%	-$42.3M-1.3%	-$41.8M-115.0%	-$19.4M-431.5%	-$3.7M+54.6%	-$8.1M+66.2%	-$23.8M-19.0%	-$20.0M-1060.4%	-$1.7M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$130.3M+17.6%	$119.0M+12.7%	$99.1M-2.8%	$105.1M+2.8%	$110.8M+4.6%	$105.6M-2.7%	$101.9M-3.9%	$102.3M+0.2%
Current Assets	$81.2M+45.1%	$68.0M+34.8%	$44.2M-1.3%	$49.4M+9.0%	$55.9M+12.7%	$50.5M-4.5%	$44.8M-9.2%	$45.3M+0.7%
Cash & Equivalents	$30.7M+3650.3%	$401K-68.9%	$1.0M+1146.9%	$2.3M+240.3%	$819K+735.7%	$1.3M-88.4%	$81K-99.6%	$683K-94.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$33.1M-19.8%	$37.7M-0.2%	$30.9M-13.4%	$33.9M-0.3%	$41.2M+3.4%	$37.8M+31.8%	$35.7M+45.1%	$34.0M+24.2%
Accounts Receivable	$12.5M+39.0%	$27.0M+217.3%	$8.3M+40.0%	$9.2M+26.2%	$9.0M+40.5%	$8.5M-28.1%	$6.0M+38.6%	$7.3M+3173.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$70.5M-8.9%	$76.9M+9.2%	$71.7M+4.0%	$76.3M+16.7%	$77.3M+20.7%	$70.4M+16.8%	$68.9M+6.9%	$65.4M-5.5%
Current Liabilities	$65.3M-10.2%	$74.5M+14.6%	$68.6M+7.3%	$72.4M+104.6%	$72.7M+127.3%	$65.0M+23.7%	$63.9M+15.3%	$35.4M-36.0%
Non-Current Liabilities	$5.2M+12.2%	$2.4M-55.3%	$3.1M-37.6%	$3.9M-87.1%	$4.6M-85.6%	$5.4M-30.4%	$5.0M-44.4%	$30.0M+116.2%
Total Equity	$59.8M+78.7%	$42.1M+19.6%	$27.4M-17.0%	$28.8M-21.9%	$33.5M-20.0%	$35.2M-27.0%	$33.0M-20.8%	$36.9M+12.3%
Retained Earnings	$19.9M+410.2%	$2.2M+146.5%	-$12.5M-80.7%	-$11.1M-265.8%	-$6.4M-426.7%	-$4.7M-156.5%	-$6.9M-510.4%	-$3.0M+57.0%

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

BDCO Cash Flow Statement

BDCO quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$41.6M	-$766K+95.1%	-$15.7M-178.4%	$20.0M+22.9%	$16.3M+368.7%	-$6.1M-55.2%	-$3.9M+52.4%	-$8.2M-914.9%	$1.0M+120.3%	-$4.9M-27.4%	-$3.9M-155.0%	$7.1M-10.3%	$7.9M+667.6%	$1.0M+1420.7%	$67K-73.3%	$252K
Depreciation & Amortization	N/A	$2.9M+2.2%	$2.8M+0.3%	$2.8M0.0%	$2.8M+0.6%	$2.8M+3.5%	$2.7M+207.9%	-$2.5M-228.8%	$1.9M+6.8%	$1.8M-6.5%	$1.9M+17.5%	$1.6M+4.9%	$1.6M+217.0%	-$1.3M+17.3%	-$1.6M-9277.0%	$18K
Capital Expenditures	$116K	$13K-71.7%	$46K-54.9%	$102K0.0%	$102K	$0-100.0%	$1.1M-31.1%	$1.6M-22.4%	$2.0M-50.3%	$4.1M-72.9%	$15.0M+22.8%	$12.2M+611.8%	$1.7M+16.4%	$1.5M-48.2%	$2.9M+1057.2%	$246K
Free Cash Flow	$40.9M	-$779K+95.0%	-$15.7M-179.0%	$19.9M+23.1%	$16.2M+367.0%	-$6.1M-21.5%	-$5.0M+48.9%	-$9.8M-853.5%	-$1.0M+88.7%	-$9.0M+52.3%	-$18.9M-264.4%	-$5.2M-184.6%	$6.1M+1452.5%	-$454K+83.7%	-$2.8M-48210.8%	$6K
Investing Cash Flow	-$116K	-$13K+71.7%	-$46K+54.9%	-$102K0.0%	-$102K	$0+100.0%	-$1.1M+31.1%	-$1.6M+22.4%	-$2.0M+16.6%	-$2.4M+82.8%	-$14.1M-24.0%	-$11.4M-561.0%	-$1.7M-34.7%	-$1.3M-8.4%	-$1.2M+66.4%	-$3.5M
Financing Cash Flow	-$11.6M	$1.7M+190.7%	-$1.9M+29.2%	-$2.7M+81.6%	-$14.7M-394.0%	$5.0M-7.9%	$5.4M-38.1%	$8.8M+1514.5%	$543K-84.2%	$3.4M+0.6%	$3.4M-84.9%	$22.7M+529.2%	-$5.3M-2079.8%	$267K-82.6%	$1.5M-53.0%	$3.3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$38.2M+2455.2%	$831K+148.1%	$1.8M+113.7%	$818K+799.1%	-$1.6M+84.0%	-$1.7M+72.4%	$826K-87.7%	-$117K-101.0%
Depreciation & Amortization	$74K0.0%	$719K+0.7%	$718K+3.8%	$74K+21.3%	$74K+19.4%	$714K+1.4%	$692K-1.7%	$61K-91.3%
Capital Expenditures	$121K+317.2%	$11K	-$323K+602.2%	$307K	$29K	$0	$46K	$0
Free Cash Flow	$38.1M+2406.5%	$820K+147.5%	$1.4M+84.9%	$511K+536.8%	-$1.7M	-$1.7M	$780K-88.3%	-$117K-101.0%
Investing Cash Flow	-$121K-317.2%	-$11K	$323K+802.2%	-$307K	-$29K	$0	-$46K	$0
Financing Cash Flow	-$7.8M-758.8%	-$1.4M-148.7%	-$3.4M-143.9%	$994K+41.6%	$1.2M+232.2%	$2.9M+951.3%	-$1.4M-209.9%	$702K+330.2%

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.

BDCO 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.

BDCO quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	11.3%+1.8pp	9.4%+9.2pp	0.3%+1.5pp	-1.2%-4.9pp	3.7%+1.1pp	2.6%-1.3pp	3.9%	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-0.5%+0.8pp	-1.4%-10.5pp	9.2%+1.2pp	8.0%+10.3pp	-2.2%+2.3pp	-4.5%-6.3pp	1.8%+1.0pp	0.8%+9.2pp	-8.5%-1.2pp	-7.3%-10.7pp	3.4%+0.7pp	2.8%+3.7pp	-0.9%+2.9pp	-3.8%+25.3pp	-29.2%
Net Margin	0.0%0.0pp	0.0%-7.8pp	7.8%+1.1pp	6.8%+11.0pp	-4.3%+4.0pp	-8.3%-10.7pp	2.4%+2.5pp	-0.1%+8.5pp	-8.6%+0.7pp	-9.4%-11.4pp	2.0%-2.1pp	4.0%+5.0pp	-0.9%+4.3pp	-5.2%-13.3pp	8.1%
Return on Equity	0.0%0.0pp	0.0%-74.6pp	74.6%-236.1pp	310.6%	N/A	N/A	211.2%	N/A	N/A	-94.4%-108.0pp	13.6%-42.8pp	56.4%+87.8pp	-31.4%+78.6pp	-110.0%-111.2pp	1.2%
Return on Assets	0.0%0.0pp	0.0%-29.2pp	29.2%-10.0pp	39.2%+58.6pp	-19.4%+1.5pp	-20.9%-31.2pp	10.3%+11.0pp	-0.7%+29.7pp	-30.4%-9.5pp	-20.9%-25.9pp	5.0%-21.1pp	26.1%+32.7pp	-6.6%+25.8pp	-32.4%-32.9pp	0.5%
Current Ratio	0.64-0.1x	0.70-0.2x	0.89+0.5x	0.36+0.3x	0.070.0x	0.070.0x	0.090.0x	0.050.0x	0.09-0.1x	0.22-0.7x	0.97+0.1x	0.82+0.1x	0.72-0.1x	0.82+0.3x	0.56
Debt-to-Equity	2.62+0.5x	2.09+0.5x	1.55+1.3x	0.22	N/A	N/A	0.00	N/A	N/A	0.08-0.9x	1.01+0.6x	0.39-0.8x	1.15+0.3x	0.840.0x	0.80
Asset Turnover	2.82-0.3x	3.12-0.6x	3.73-2.1x	5.81+1.3x	4.54+2.0x	2.52-1.8x	4.33-0.5x	4.82+1.3x	3.52+1.3x	2.23-0.3x	2.49-3.9x	6.43-0.7x	7.10+0.9x	6.24+6.2x	0.06
FCF Margin	-0.3%+4.7pp	-5.0%-10.0pp	5.0%+1.7pp	3.3%+5.3pp	-2.0%+0.8pp	-2.9%+0.3pp	-3.2%-2.9pp	-0.3%+3.2pp	-3.5%+7.8pp	-11.3%-8.9pp	-2.3%-3.9pp	1.6%+1.7pp	-0.1%+0.7pp	-0.8%-1.0pp	0.3%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	16.4%+17.6pp	24.5%+19.3pp	-0.2%+3.4pp	-7.2%-1.4pp	-1.1%+8.4pp	5.2%-5.6pp	-3.6%-12.0pp	-5.8%-14.6pp
Net Margin	12.3%+15.3pp	18.1%+15.4pp	6.0%-0.3pp	-6.7%-0.6pp	-3.0%+6.1pp	2.7%-4.6pp	6.3%-1.8pp	-6.1%-13.0pp
Return on Equity	29.6%+34.8pp	35.0%+28.6pp	15.2%+0.8pp	-16.2%-2.7pp	-5.1%+10.0pp	6.4%-7.4pp	14.3%-6.7pp	-13.6%-35.1pp
Return on Assets	13.6%+15.2pp	12.4%+10.3pp	4.2%-0.4pp	-4.5%+0.4pp	-1.6%+4.4pp	2.1%-4.0pp	4.6%-3.6pp	-4.9%-11.8pp
Current Ratio	1.24+0.5x	0.91+0.1x	0.64-0.1x	0.68-0.6x	0.77-0.8x	0.78-0.2x	0.70-0.2x	1.28+0.5x
Debt-to-Equity	1.18-1.1x	1.83-0.2x	2.62+0.5x	2.65+0.9x	2.31+0.8x	2.00+0.7x	2.09+0.5x	1.77+1.6x
Asset Turnover	1.11+0.6x	0.69-0.1x	0.690.0x	0.67-0.1x	0.51-0.1x	0.790.0x	0.73-0.3x	0.80-0.2x
FCF Margin	26.4%+29.3pp	1.0%+3.1pp	2.1%+1.1pp	0.7%+0.9pp	-2.9%	-2.1%	1.0%-5.2pp	-0.1%-11.1pp

Not reported in any period shown, so not listed: Gross Margin.

Note: The current ratio is below 1.0 (0.64), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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
BLUE DOLPHIN ENERGY CO BDCO	FY2025	$279.4M	$0	0.0%	$197.4M	—
FERRELLGAS PARTNRS LP NEW FGPR	FY2026	$1.9B	$71.7M	3.9%	$248.2M	—

Where BLUE DOLPHIN ENERGY CO Ranks

Frequently Asked Questions

What is BLUE DOLPHIN ENERGY CO's annual revenue?

BLUE DOLPHIN ENERGY CO (BDCO) reported $279.4M in total revenue for fiscal year 2025. This represents a -12.0% 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 BLUE DOLPHIN ENERGY CO's revenue growing?

BLUE DOLPHIN ENERGY CO (BDCO) revenue declined by 12.0% year-over-year, from $317.5M to $279.4M in fiscal year 2025.

Is BLUE DOLPHIN ENERGY CO profitable?

No, BLUE DOLPHIN ENERGY CO (BDCO) reported a net income of $0 in fiscal year 2025, with a net profit margin of 0.0%.

What is BLUE DOLPHIN ENERGY CO's EBITDA?

BLUE DOLPHIN ENERGY CO (BDCO) had EBITDA of $1.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is BLUE DOLPHIN ENERGY CO's operating margin?

BLUE DOLPHIN ENERGY CO (BDCO) had an operating margin of -0.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is BLUE DOLPHIN ENERGY CO's net profit margin?

BLUE DOLPHIN ENERGY CO (BDCO) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is BLUE DOLPHIN ENERGY CO's return on equity (ROE)?

BLUE DOLPHIN ENERGY CO (BDCO) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is BLUE DOLPHIN ENERGY CO's free cash flow?

BLUE DOLPHIN ENERGY CO (BDCO) recorded an outflow of $779K in free cash flow during fiscal year 2025. This represents a 95.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is BLUE DOLPHIN ENERGY CO's operating cash flow?

BLUE DOLPHIN ENERGY CO (BDCO) recorded an outflow of $766K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are BLUE DOLPHIN ENERGY CO's total assets?

BLUE DOLPHIN ENERGY CO (BDCO) had $99.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are BLUE DOLPHIN ENERGY CO's capital expenditures?

BLUE DOLPHIN ENERGY CO (BDCO) invested $13K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does BLUE DOLPHIN ENERGY CO have outstanding?

BLUE DOLPHIN ENERGY CO (BDCO) had 15M shares outstanding as of fiscal year 2025.

What is BLUE DOLPHIN ENERGY CO's current ratio?

BLUE DOLPHIN ENERGY CO (BDCO) had a current ratio of 0.64 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is BLUE DOLPHIN ENERGY CO's debt-to-equity ratio?

BLUE DOLPHIN ENERGY CO (BDCO) had a debt-to-equity ratio of 2.62 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is BLUE DOLPHIN ENERGY CO's return on assets (ROA)?

BLUE DOLPHIN ENERGY CO (BDCO) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is BLUE DOLPHIN ENERGY CO's P/E ratio?

BLUE DOLPHIN ENERGY CO (BDCO) trades at 6.2x earnings, its market capitalization divided by net income of $31.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $197.4M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is BLUE DOLPHIN ENERGY CO's price-to-sales ratio?

BLUE DOLPHIN ENERGY CO (BDCO) trades at 0.5x sales, its market capitalization divided by revenue of $364.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $197.4M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does BLUE DOLPHIN ENERGY CO's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, BLUE DOLPHIN ENERGY CO (BDCO) held $1.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $766K over that year. Dividing the one by the other, the reported balance equals about 16 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is BLUE DOLPHIN ENERGY CO's Altman Z-Score?

BLUE DOLPHIN ENERGY CO (BDCO) has an Altman Z-Score of 3.95, placing it in the Safe Zone (low 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 BLUE DOLPHIN ENERGY CO's Piotroski F-Score?

BLUE DOLPHIN ENERGY CO (BDCO) has a Piotroski F-Score of 1 out of 7 computable signals; 2 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 BLUE DOLPHIN ENERGY CO cover its interest payments?

BLUE DOLPHIN ENERGY CO (BDCO) reported an operating loss of $1.5M against $5.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.