What is Dorian Lpg Ltd's earnings per share (EPS)?

Dorian Lpg Ltd (LPG) reported diluted earnings per share of $2.14 for fiscal year 2025. This represents a -71.8% 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.

Dorian Lpg Ltd Financials

LPG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE March

This page shows Dorian Lpg Ltd (LPG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).

Financial Health Signals

Financial Profile 57/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Dorian Lpg Ltd has an operating margin of 31.9%, meaning the company retains $32 of operating profit per $100 of revenue. This strong profitability earns a score of 93/100, reflecting efficient cost management and pricing power. This is down from 58.6% the prior year.

Growth

Dorian Lpg Ltd's revenue declined 37% year-over-year, from $560.7M to $353.3M. This contraction results in a growth score of 0/100.

Leverage

Dorian Lpg Ltd carries a low D/E ratio of 0.48, meaning only $0.48 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.54, Dorian Lpg Ltd holds $3.54 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 69/100.

Returns

Dorian Lpg Ltd's ROE of 8.6% shows moderate profitability relative to equity, earning a score of 30/100. This is down from 30.0% the prior year.

Altman Z-Score Grey Zone

2.01

Dorian Lpg Ltd scores 2.01, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($1.4B) relative to total liabilities ($732.6M). This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

4/9

Dorian Lpg Ltd passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.92x

For every $1 of reported earnings, Dorian Lpg Ltd generates $1.92 in operating cash flow ($173.0M OCF vs $90.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.3x

Dorian Lpg Ltd earns $3.3 in operating income for every $1 of interest expense ($112.6M vs $33.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$353.3M

YoY-37.0%

5Y CAGR+1.2%

10Y CAGR+13.0%

Dorian Lpg Ltd generated $353.3M in revenue in fiscal year 2025. This represents a decrease of 37.0% from the prior year.

EBITDA

$182.2M

YoY-54.2%

5Y CAGR-4.3%

10Y CAGR+15.2%

Dorian Lpg Ltd's EBITDA was $182.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 54.2% from the prior year.

Net Income

$90.2M

YoY-70.7%

5Y CAGR-4.2%

10Y CAGR+13.6%

Dorian Lpg Ltd reported $90.2M in net income in fiscal year 2025. This represents a decrease of 70.7% from the prior year.

EPS (Diluted)

$2.14

YoY-71.8%

5Y CAGR+0.7%

10Y CAGR+16.9%

Dorian Lpg Ltd earned $2.14 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 71.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$316.9M

YoY+12.2%

5Y CAGR+45.6%

10Y CAGR+4.5%

Dorian Lpg Ltd held $316.9M in cash against $498.8M in long-term debt as of fiscal year 2025.

Dividends Per Share

$3.70

YoY-7.5%

Dorian Lpg Ltd paid $3.70 per share in dividends in fiscal year 2025. This represents a decrease of 7.5% from the prior year.

Shares Outstanding

43M

YoY+5.2%

5Y CAGR-3.4%

10Y CAGR-3.0%

Dorian Lpg Ltd had 43M shares outstanding in fiscal year 2025. This represents an increase of 5.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

31.9%

YoY-26.8pp

5Y CAGR-16.4pp

10Y CAGR+3.0pp

Dorian Lpg Ltd's operating margin was 31.9% in fiscal year 2025, reflecting core business profitability. This is down 26.8 percentage points from the prior year.

Net Margin

25.5%

YoY-29.3pp

5Y CAGR-8.0pp

10Y CAGR+1.3pp

Dorian Lpg Ltd's net profit margin was 25.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 29.3 percentage points from the prior year.

Return on Equity

8.6%

YoY-21.4pp

5Y CAGR-2.8pp

10Y CAGR+5.7pp

Dorian Lpg Ltd's ROE was 8.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 21.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$6.3M

YoY+59.0%

5Y CAGR-34.2%

Dorian Lpg Ltd spent $6.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 59.0% from the prior year.

Capital Expenditures

N/A

LPG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$353.3M-37.0%	$560.7M+43.9%	$389.7M+42.1%	$274.2M-13.2%	$315.9M-5.2%	$333.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$42.6M+9.3%	$39.0M+21.6%	$32.1M+6.2%	$30.2M-10.8%	$33.9M+45.1%	$23.4M
Operating Income	$112.6M-65.7%	$328.8M+65.8%	$198.4M+114.7%	$92.4M-20.4%	$116.1M-27.9%	$161.1M
Interest Expense	$33.6M-11.5%	$38.0M+21.0%	$31.4M+56.1%	$20.1M-7.1%	$21.7M-33.0%	$32.4M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$90.2M-70.7%	$307.4M+78.3%	$172.4M+139.7%	$71.9M-22.3%	$92.6M-17.2%	$111.8M
EPS (Diluted)	$2.14-71.8%	$7.60+77.2%	$4.29+141.0%	$1.78-4.3%	$1.86-10.1%	$2.07

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$120.0M-3.3%	$124.1M+47.3%	$84.2M+11.0%	$75.9M-5.9%	$80.7M-2.1%	$82.4M-27.9%	$114.4M-19.1%	$141.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10.8M-10.3%	$12.0M-29.0%	$16.9M	N/A	$7.5M-54.6%	$16.5M+57.9%	$10.4M	N/A
Operating Income	$51.3M-13.5%	$59.3M+280.6%	$15.6M+6.1%	$14.7M-37.2%	$23.4M+22.5%	$19.1M-65.6%	$55.5M-32.7%	$82.4M
Interest Expense	$7.1M-7.0%	$7.6M-1.5%	$7.7M	N/A	$8.9M-5.9%	$9.4M-0.8%	$9.5M	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$47.2M-14.8%	$55.4M+449.3%	$10.1M+24.6%	$8.1M-62.1%	$21.4M+126.6%	$9.4M-81.6%	$51.3M-35.3%	$79.2M
EPS (Diluted)	$1.11-14.6%	$1.30+441.7%	$0.24+26.3%	$0.19-62.0%	$0.50+127.3%	$0.22-82.4%	$1.25-36.2%	$1.96

LPG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.8B-3.2%	$1.8B+7.5%	$1.7B+6.3%	$1.6B+1.6%	$1.6B-5.4%	$1.7B
Current Assets	$382.4M+3.7%	$368.9M+56.1%	$236.3M-23.3%	$307.9M+100.8%	$153.3M+9.8%	$139.6M
Cash & Equivalents	$316.9M+12.2%	$282.5M+89.9%	$148.8M-37.2%	$236.8M+198.4%	$79.3M+63.9%	$48.4M
Inventory	$2.5M+4.8%	$2.4M-9.4%	$2.6M+16.6%	$2.3M+12.9%	$2.0M+0.6%	$2.0M
Accounts Receivable	$1.4M+105.7%	$660K-79.9%	$3.3M+284.8%	$853K+321.8%	$202K-75.4%	$821K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$732.6M-10.0%	$814.1M-2.5%	$835.1M+21.5%	$687.2M+8.3%	$634.8M-8.7%	$694.9M
Current Liabilities	$107.9M+6.0%	$101.8M+7.6%	$94.6M-0.3%	$94.8M+15.5%	$82.1M-3.4%	$85.0M
Long-Term Debt	$498.8M-9.6%	$551.5M-8.7%	$604.3M+2.3%	$590.7M+9.5%	$539.7M-7.3%	$581.9M
Total Equity	$1.0B+2.2%	$1.0B+17.1%	$873.8M-5.0%	$920.2M-2.8%	$946.8M-3.1%	$977.1M
Retained Earnings	$311.1M-17.5%	$377.1M+62.7%	$231.8M-17.4%	$280.8M-3.0%	$289.4M+47.0%	$196.8M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$1.8B-0.1%	$1.8B+1.8%	$1.7B-1.7%	$1.8B-2.3%	$1.8B-2.2%	$1.9B-2.6%	$1.9B+4.0%	$1.8B
Current Assets	$392.3M+2.7%	$381.9M+2.7%	$371.7M-2.8%	$382.4M-7.9%	$415.2M-5.5%	$439.5M-5.6%	$465.5M+26.2%	$368.9M
Cash & Equivalents	$294.5M+9.8%	$268.3M-3.5%	$277.9M-12.3%	$316.9M+0.7%	$314.5M-9.8%	$348.6M-1.3%	$353.3M+25.1%	$282.5M
Inventory	$2.3M-5.7%	$2.4M-0.9%	$2.4M-3.9%	$2.5M+6.8%	$2.3M-3.4%	$2.4M+2.3%	$2.4M-0.8%	$2.4M
Accounts Receivable	$1.6M-32.6%	$2.4M+56.4%	$1.6M+14.3%	$1.4M+37.0%	$991K-4.2%	$1.0M+42.1%	$728K+10.4%	$660K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$692.1M-3.0%	$713.6M-0.1%	$714.3M-2.5%	$732.6M-2.5%	$751.6M-2.8%	$773.0M-2.4%	$791.9M-2.7%	$814.1M
Current Liabilities	$162.5M+41.3%	$115.0M+2.8%	$111.8M+3.7%	$107.9M+3.1%	$104.6M+0.6%	$104.0M+2.8%	$101.2M-0.6%	$101.8M
Long-Term Debt	$415.4M-12.0%	$472.2M-2.7%	$485.5M-2.7%	$498.8M-2.6%	$512.0M-2.5%	$525.2M-2.4%	$538.4M-2.4%	$551.5M
Total Equity	$1.1B+1.8%	$1.1B+3.1%	$1.0B-1.1%	$1.0B-2.1%	$1.1B-1.8%	$1.1B-2.8%	$1.1B+9.4%	$1.0B
Retained Earnings	$348.9M+5.9%	$329.6M+9.9%	$299.9M-3.6%	$311.1M-6.6%	$333.0M-6.0%	$354.4M-8.6%	$387.8M+2.8%	$377.1M

LPG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$173.0M-55.5%	$388.4M+73.4%	$224.1M+88.8%	$118.7M-30.4%	$170.6M+0.9%	$169.0M
Capital Expenditures	N/A	N/A	$68.8M+196.7%	$23.2M+144.2%	$9.5M-52.3%	$19.9M
Free Cash Flow	N/A	N/A	$155.3M+62.6%	$95.5M-40.7%	$161.1M+8.0%	$149.2M
Investing Cash Flow	-$7.4M+78.8%	-$34.8M+54.4%	-$76.3M-211.0%	$68.8M+6634.6%	$1.0M+103.1%	-$33.1M
Financing Cash Flow	-$131.3M+40.2%	-$219.7M+6.6%	-$235.2M-568.7%	-$35.2M+79.8%	-$174.5M-52.2%	-$114.7M
Dividends Paid	$156.4M-3.6%	$162.3M-26.4%	$220.6M+175.5%	$80.1M	N/A	N/A
Share Buybacks	$6.3M+59.0%	$3.9M+136.0%	$1.7M-92.2%	$21.4M-83.1%	$126.3M+149.3%	$50.6M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	$80.8M+74.1%	$46.4M+5597.7%	$814K-98.4%	$50.2M+106.9%	$24.3M-57.7%	$57.3M+39.1%	$41.2M-73.3%	$154.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$13.4M-0.7%	-$13.3M-333.7%	-$3.1M+6.7%	-$3.3M-7.2%	-$3.1M-1478.4%	$222K+117.7%	-$1.3M+95.0%	-$24.9M
Financing Cash Flow	-$41.2M+3.6%	-$42.7M-15.5%	-$37.0M+17.2%	-$44.7M+20.1%	-$56.0M+8.9%	-$61.4M-299.3%	$30.8M+155.8%	-$55.2M
Dividends Paid	$27.7M+5.1%	$26.3M+24.2%	$21.2M-28.8%	$29.8M-30.1%	$42.6M-2.5%	$43.7M+8.2%	$40.4M+0.1%	$40.3M
Share Buybacks	-$3K-100.1%	$2.9M+59.5%	$1.8M-9.2%	$2.0M	$0	N/A	N/A	$1.2M

LPG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	31.9%-26.8pp	58.6%+7.8pp	50.9%+17.2pp	33.7%-3.0pp	36.8%-11.6pp	48.3%
Net Margin	25.5%-29.3pp	54.8%+10.6pp	44.2%+18.0pp	26.2%-3.1pp	29.3%-4.2pp	33.5%
Return on Equity	8.6%-21.4pp	30.0%+10.3pp	19.7%+11.9pp	7.8%-2.0pp	9.8%-1.7pp	11.5%
Return on Assets	5.1%-11.7pp	16.7%+6.6pp	10.1%+5.6pp	4.5%-1.4pp	5.9%-0.8pp	6.7%
Current Ratio	3.54-0.1	3.62+1.1	2.50-0.7	3.25+1.4	1.87+0.2	1.64
Debt-to-Equity	0.48-0.1	0.54-0.2	0.69+0.0	0.64+0.1	0.57-0.0	0.60
FCF Margin	N/A	N/A	39.8%+5.0pp	34.8%-16.2pp	51.0%+6.3pp	44.7%

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	42.8%-5.1pp	47.8%+29.3pp	18.5%-0.9pp	19.4%-9.6pp	29.0%+5.8pp	23.2%-25.3pp	48.5%-9.8pp	58.3%
Net Margin	39.3%-5.3pp	44.6%+32.7pp	12.0%+1.3pp	10.7%-15.8pp	26.5%+15.0pp	11.4%-33.4pp	44.9%-11.2pp	56.0%
Return on Equity	4.3%-0.8pp	5.2%+4.2pp	1.0%+0.2pp	0.8%-1.2pp	2.0%+1.1pp	0.9%-3.7pp	4.6%-3.2pp	7.7%
Return on Assets	2.6%-0.5pp	3.1%+2.5pp	0.6%+0.1pp	0.4%-0.7pp	1.2%+0.7pp	0.5%-2.2pp	2.7%-1.6pp	4.3%
Current Ratio	2.41-0.9	3.320.0	3.32-0.2	3.54-0.4	3.97-0.3	4.22-0.4	4.60+1.0	3.62
Debt-to-Equity	0.38-0.1	0.44-0.0	0.470.0	0.480.0	0.480.0	0.480.0	0.48-0.1	0.54
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Dorian Lpg Ltd's annual revenue?

Dorian Lpg Ltd (LPG) reported $353.3M in total revenue for fiscal year 2025. This represents a -37.0% 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 Dorian Lpg Ltd's revenue growing?

Dorian Lpg Ltd (LPG) revenue declined by 37% year-over-year, from $560.7M to $353.3M in fiscal year 2025.

Is Dorian Lpg Ltd profitable?

Yes, Dorian Lpg Ltd (LPG) reported a net income of $90.2M in fiscal year 2025, with a net profit margin of 25.5%.

What is Dorian Lpg Ltd's EBITDA?

Dorian Lpg Ltd (LPG) had EBITDA of $182.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Dorian Lpg Ltd have?

As of fiscal year 2025, Dorian Lpg Ltd (LPG) had $316.9M in cash and equivalents against $498.8M in long-term debt.

What is Dorian Lpg Ltd's operating margin?

Dorian Lpg Ltd (LPG) had an operating margin of 31.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Dorian Lpg Ltd's net profit margin?

Dorian Lpg Ltd (LPG) had a net profit margin of 25.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Dorian Lpg Ltd pay dividends?

Yes, Dorian Lpg Ltd (LPG) paid $3.70 per share in dividends during fiscal year 2025.

What is Dorian Lpg Ltd's return on equity (ROE)?

Dorian Lpg Ltd (LPG) has a return on equity of 8.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Dorian Lpg Ltd's operating cash flow?

Dorian Lpg Ltd (LPG) generated $173.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Dorian Lpg Ltd's total assets?

Dorian Lpg Ltd (LPG) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Dorian Lpg Ltd buy back shares?

Yes, Dorian Lpg Ltd (LPG) spent $6.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Dorian Lpg Ltd have outstanding?

Dorian Lpg Ltd (LPG) had 43M shares outstanding as of fiscal year 2025.

What is Dorian Lpg Ltd's current ratio?

Dorian Lpg Ltd (LPG) had a current ratio of 3.54 as of fiscal year 2025, which is generally considered healthy.

What is Dorian Lpg Ltd's debt-to-equity ratio?

Dorian Lpg Ltd (LPG) had a debt-to-equity ratio of 0.48 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Dorian Lpg Ltd's return on assets (ROA)?

Dorian Lpg Ltd (LPG) had a return on assets of 5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Dorian Lpg Ltd's Altman Z-Score?

Dorian Lpg Ltd (LPG) has an Altman Z-Score of 2.01, placing it in the Grey Zone (moderate 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 Dorian Lpg Ltd's Piotroski F-Score?

Dorian Lpg Ltd (LPG) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Dorian Lpg Ltd's earnings high quality?

Dorian Lpg Ltd (LPG) has an earnings quality ratio of 1.92x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Dorian Lpg Ltd cover its interest payments?

Dorian Lpg Ltd (LPG) has an interest coverage ratio of 3.3x, meaning it can adequately cover its interest obligations. 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.

How financially healthy is Dorian Lpg Ltd?

Dorian Lpg Ltd (LPG) scores 57 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.