Dorian Lpg Ltd Financials
Dorian Lpg Ltd (LPG) reported $481.5M in revenue for fiscal year 2026, up 36.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).
A high-fixed-asset model with swinging margins is still turning cash into a steadily stronger balance sheet.
Cash conversion tightened: net income of$193.7M was almost fully mirrored by operating cash flow of$210.1M , a close match for a business with large depreciation. Over the last two reported years, long-term debt fell from$551.5M to$460.2M , showing that reported earnings were also funding balance-sheet repair.
After the prior-year dip, margin recovery was real but not complete: operating margin rose to
Liquidity remains comfortable even though the current ratio eased to 2.7x, because cash coverage of near-term obligations was still about 1.9x current liabilities; the weaker ratio reflects a larger short-term liability stack, not a drained cash position. Meanwhile, dividends paid fell from
Financial Health Signals
Scored against energy companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Dorian Lpg Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Dorian Lpg Ltd, and counted as zero in the overall score.
Dorian Lpg Ltd scores 2.80, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($2.1B) relative to total liabilities ($732.7M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Dorian Lpg Ltd passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Dorian Lpg Ltd generates $1.08 in operating cash flow ($210.1M OCF vs $193.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Dorian Lpg Ltd earns $7.19 in operating income for every $1 of interest expense ($210.2M vs $29.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Dorian Lpg Ltd generated $481.5M in revenue in fiscal year 2026. This represents an increase of 36.3% from the prior year.
Dorian Lpg Ltd's EBITDA was $281.9M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 54.7% from the prior year.
Dorian Lpg Ltd reported $193.7M in net income in fiscal year 2026. This represents an increase of 114.7% from the prior year.
Dorian Lpg Ltd earned $4.54 per diluted share (EPS) in fiscal year 2026. This represents an increase of 112.1% from the prior year.
Cash & Balance Sheet
Dorian Lpg Ltd held $327.4M in cash against $460.2M in long-term debt as of fiscal year 2026.
Dorian Lpg Ltd paid $2.45 per share in dividends in fiscal year 2026. This represents a decrease of 33.8% from the prior year.
Not reported for fiscal year 2026.
Margins & Returns
Dorian Lpg Ltd's operating margin was 43.6% in fiscal year 2026, reflecting core business profitability. This is up 11.8 percentage points from the prior year.
Dorian Lpg Ltd's net profit margin was 40.2% in fiscal year 2026, showing the share of revenue converted to profit. This is up 14.7 percentage points from the prior year.
Dorian Lpg Ltd's ROE was 17.0% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 8.4 percentage points from the prior year.
Not reported for fiscal year 2026.
Capital Allocation
Dorian Lpg Ltd spent $7.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 11.9% from the prior year.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
LPG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $585.2M | $481.5M+36.3% | $353.3M-37.0% | $560.7M+43.9% | $389.7M+42.1% | $274.2M-13.2% | $315.9M-5.2% | $333.4M+111.0% | $158.0M-0.8% | $159.3M-4.8% | $167.4M-42.1% | $289.2M+177.7% | $104.1M |
| SG&A Expenses | N/A | $53.0M+24.4% | $42.6M+9.3% | $39.0M+21.6% | $32.1M+6.2% | $30.2M-10.8% | $33.9M+45.1% | $23.4M-4.4% | $24.4M-6.7% | $26.2M+20.5% | $21.7M-27.2% | $29.8M+110.9% | $14.1M |
| Operating Income | $337.2M | $210.2M+86.6% | $112.6M-65.7% | $328.8M+65.8% | $198.4M+114.7% | $92.4M-20.4% | $116.1M-27.9% | $161.1M+2123.0% | -$8.0M-307.3% | $3.8M-72.5% | $14.0M-91.2% | $158.4M+426.5% | $30.1M |
| Interest Expense | N/A | $29.2M-18.3% | $35.8M-11.5% | $40.5M+28.9% | $31.4M+56.1% | $20.1M-7.1% | $21.7M-33.0% | $32.4M-11.7% | $36.6M+33.6% | $27.4M+11.0% | $24.7M+72.1% | $14.4M+439.9% | $2.7M |
| Net Income | $321.9M | $193.7M+114.7% | $90.2M-70.7% | $307.4M+78.3% | $172.4M+139.8% | $71.9M-22.3% | $92.6M-17.2% | $111.8M+319.5% | -$50.9M-149.7% | -$20.4M-1314.9% | -$1.4M-101.1% | $129.7M+413.4% | $25.3M |
| EPS (Diluted) | $7.55 | $4.54+112.1% | $2.14-71.8% | $7.60+77.2% | $4.29+141.0% | $1.78-4.3% | $1.86-10.1% | $2.07+322.6% | -$0.93-144.7% | -$0.38-1166.7% | -$0.03-101.3% | $2.29+408.9% | $0.45 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LPG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B+5.2% | $1.8B-3.2% | $1.8B+7.5% | $1.7B+6.3% | $1.6B+1.6% | $1.6B-5.4% | $1.7B+2.9% | $1.6B-6.4% | $1.7B-0.6% | $1.7B-5.2% | $1.8B+67.6% | $1.1B |
| Current Assets | $450.3M+17.8% | $382.4M+3.7% | $368.9M+56.1% | $236.3M-23.3% | $307.9M+100.8% | $153.3M+9.8% | $139.6M+69.0% | $82.6M-38.9% | $135.2M+111.4% | $64.0M-39.4% | $105.6M-54.7% | $233.2M |
| Cash & Equivalents | $327.4M+3.3% | $316.9M+12.2% | $282.5M+89.9% | $148.8M-37.2% | $236.8M+198.4% | $79.3M+63.9% | $48.4M+56.9% | $30.8M-70.2% | $103.5M+508.2% | $17.0M-63.3% | $46.4M-77.3% | $204.8M |
| Inventory | $2.4M-2.7% | $2.5M+4.8% | $2.4M-9.4% | $2.6M+16.6% | $2.3M+12.9% | $2.0M+0.6% | $2.0M-5.5% | $2.1M+4.9% | $2.0M-22.0% | $2.6M+12.8% | $2.3M-32.2% | $3.4M |
| Accounts Receivable | $2.0M+50.2% | $1.4M+105.7% | $660K-79.9% | $3.3M+284.8% | $853K+321.8% | $202K-75.4% | $821K-40.7% | $1.4M+311.7% | $336K+2947.7% | $11K-89.7% | $107K-99.5% | $22.8M |
| Total Liabilities | $732.7M0.0% | $732.6M-10.0% | $814.1M-2.5% | $835.1M+21.5% | $687.2M+8.3% | $634.8M-8.7% | $694.9M-2.5% | $712.7M-8.2% | $776.7M+0.8% | $770.2M-10.1% | $856.6M+279.2% | $225.9M |
| Current Liabilities | $168.8M+56.5% | $107.9M+6.0% | $101.8M+7.6% | $94.6M-0.3% | $94.8M+15.5% | $82.1M-3.4% | $85.0M+7.1% | $79.4M-3.2% | $82.0M-4.4% | $85.8M-2.7% | $88.1M+212.5% | $28.2M |
| Long-Term Debt | $460.2M-7.7% | $498.8M-9.6% | $551.5M-8.7% | $604.3M+2.3% | $590.7M+9.5% | $539.7M-7.3% | $581.9M-7.9% | $632.1M-8.9% | $694.0M+1.5% | $684.0M-8.4% | $746.4M+304.2% | $184.7M |
| Total Equity | $1.1B+8.9% | $1.0B+2.2% | $1.0B+17.1% | $873.8M-5.0% | $920.2M-2.8% | $946.8M-3.1% | $977.1M+7.1% | $912.7M-4.9% | $959.4M-1.7% | $976.0M-1.0% | $985.6M+12.9% | $873.2M |
| Retained Earnings | $400.0M+28.6% | $311.1M-17.5% | $377.1M+62.7% | $231.8M-17.4% | $280.8M-3.0% | $289.4M+47.0% | $196.8M+131.6% | $85.0M-37.5% | $135.9M-13.0% | $156.3M-0.9% | $157.8M+461.6% | $28.1M |
Not reported in any period shown, so not listed: Goodwill.
LPG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $239.8M | $210.1M+21.5% | $173.0M-55.5% | $388.4M+73.4% | $224.1M+88.8% | $118.7M-30.4% | $170.6M+0.9% | $169.0M+1802.8% | $8.9M-84.5% | $57.2M+9.9% | $52.1M-65.5% | $151.0M+489.4% | $25.6M |
| Capital Expenditures | N/A | N/A | N/A | N/A | $68.8M+196.7% | $23.2M+144.2% | $9.5M-52.3% | $19.9M+400.5% | $4.0M+1235.2% | $298K-84.4% | $1.9M-99.8% | $895.1M+184.9% | $314.2M |
| Free Cash Flow | N/A | N/A | N/A | N/A | $155.3M+62.6% | $95.5M-40.7% | $161.1M+8.0% | $149.2M+2937.4% | $4.9M-91.4% | $57.0M+13.5% | $50.2M+106.7% | -$744.0M-157.9% | -$288.6M |
| Investing Cash Flow | -$10.2M | -$93.8M-1174.6% | -$7.4M+78.8% | -$34.8M+54.4% | -$76.3M-211.0% | $68.8M+6634.6% | $1.0M+103.1% | -$33.1M-633.2% | -$4.5M-934.3% | -$437K+77.2% | -$1.9M+99.8% | -$910.4M | N/A |
| Financing Cash Flow | -$165.1M | -$105.9M+19.3% | -$131.3M+40.2% | -$219.7M+6.6% | -$235.2M-568.7% | -$35.2M+79.8% | -$174.5M-52.2% | -$114.7M-71.1% | -$67.0M-1534.3% | $4.7M+105.9% | -$79.3M-113.2% | $601.1M | N/A |
| Dividends Paid | $126.3M | $105.0M-32.9% | $156.4M-3.6% | $162.3M-26.4% | $220.6M+175.5% | $80.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $7.0M+11.9% | $6.3M+59.0% | $3.9M+136.0% | $1.7M-92.2% | $21.4M-83.1% | $126.3M+149.3% | $50.6M+3765.7% | $1.3M+7.3% | $1.2M-90.6% | $13.0M-38.2% | $20.9M | N/A |
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LPG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 43.6%+11.8pp | 31.9%-26.8pp | 58.6%+7.8pp | 50.9%+17.2pp | 33.7%-3.0pp | 36.8%-11.6pp | 48.3%+53.3pp | -5.0%-7.4pp | 2.4%-5.9pp | 8.4%-46.4pp | 54.8%+25.9pp | 28.9% |
| Net Margin | 40.2%+14.7pp | 25.5%-29.3pp | 54.8%+10.6pp | 44.2%+18.0pp | 26.2%-3.1pp | 29.3%-4.2pp | 33.5%+65.8pp | -32.2%-19.4pp | -12.8%-11.9pp | -0.9%-45.7pp | 44.8%+20.6pp | 24.3% |
| Return on Equity | 17.0%+8.4pp | 8.6%-21.4pp | 30.0%+10.3pp | 19.7%+11.9pp | 7.8%-2.0pp | 9.8%-1.7pp | 11.5%+17.0pp | -5.6%-3.5pp | -2.1%-2.0pp | -0.1%-13.3pp | 13.2%+10.3pp | 2.9% |
| Return on Assets | 10.3%+5.3pp | 5.1%-11.7pp | 16.7%+6.6pp | 10.1%+5.6pp | 4.5%-1.4pp | 5.9%-0.8pp | 6.7%+9.8pp | -3.1%-2.0pp | -1.2%-1.1pp | -0.1%-7.1pp | 7.0%+4.7pp | 2.3% |
| Current Ratio | 2.67-0.9x | 3.54-0.1x | 3.62+1.1x | 2.50-0.7x | 3.25+1.4x | 1.87+0.2x | 1.64+0.6x | 1.04-0.6x | 1.65+0.9x | 0.75-0.5x | 1.20-7.1x | 8.27 |
| Debt-to-Equity | 0.40-0.1x | 0.48-0.1x | 0.54-0.2x | 0.690.0x | 0.64+0.1x | 0.570.0x | 0.60-0.1x | 0.690.0x | 0.720.0x | 0.70-0.1x | 0.76+0.5x | 0.21 |
| FCF Margin | N/A | N/A | N/A | 39.8%+5.0pp | 34.8%-16.2pp | 51.0%+6.3pp | 44.7%+41.6pp | 3.1%-32.6pp | 35.7%+5.8pp | 30.0% | -257.3% | -277.1% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
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Where Dorian Lpg Ltd Ranks
Frequently Asked Questions
What is Dorian Lpg Ltd's annual revenue?
Dorian Lpg Ltd (LPG) reported $481.5M in total revenue for fiscal year 2026. This represents a 36.3% 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 grew by 36.3% year-over-year, from $353.3M to $481.5M in fiscal year 2026.
Is Dorian Lpg Ltd profitable?
Yes, Dorian Lpg Ltd (LPG) reported a net income of $193.7M in fiscal year 2026, with a net profit margin of 40.2%.
What is Dorian Lpg Ltd's EBITDA?
Dorian Lpg Ltd (LPG) had EBITDA of $281.9M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Dorian Lpg Ltd have?
As of fiscal year 2026, Dorian Lpg Ltd (LPG) had $327.4M in cash and equivalents against $460.2M in long-term debt.
What is Dorian Lpg Ltd's operating margin?
Dorian Lpg Ltd (LPG) had an operating margin of 43.6% in fiscal year 2026, 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 40.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does Dorian Lpg Ltd pay dividends?
Yes, Dorian Lpg Ltd (LPG) paid $2.45 per share in dividends during fiscal year 2026.
What is Dorian Lpg Ltd's return on equity (ROE)?
Dorian Lpg Ltd (LPG) has a return on equity of 17.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Dorian Lpg Ltd's operating cash flow?
Dorian Lpg Ltd (LPG) generated $210.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Dorian Lpg Ltd's total assets?
Dorian Lpg Ltd (LPG) had $1.9B in total assets as of fiscal year 2026, including both current and long-term assets.
What is Dorian Lpg Ltd's current ratio?
Dorian Lpg Ltd (LPG) had a current ratio of 2.67 as of fiscal year 2026, 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 0.40 as of fiscal year 2026, 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 10.3% for fiscal year 2026, 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 2.80, 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 6 out of 8 computable signals; 1 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.
Are Dorian Lpg Ltd's earnings high quality?
Dorian Lpg Ltd (LPG) has an earnings quality ratio of 1.08x, 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 7.19x, meaning it can comfortably 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 56 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.