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Dorian LPG (LPG) Financials

Dorian LPG logo
$41.36 +1.15 (+2.85%)
Closing price 03:59 PM Eastern
Extended Trading
$41.34 -0.03 (-0.07%)
As of 05:49 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Dorian LPG

Annual Income Statements for Dorian LPG

This table shows Dorian LPG's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 130 -1.44 -20 -51 112 93 72 172 307 90 194
Consolidated Net Income / (Loss)		 130 -1.44 -20 -51 112 93 72 172 307 90 194
Net Income / (Loss) Continuing Operations		 130 -1.44 -20 -51 112 93 72 172 307 90 194
Total Pre-Tax Income 		130 -1.44 -20 -51 112 93 72 172 307 90 194
Total Operating Income		 158 14 3.84 -7.96 161 116 92 198 329 113 210
Total Gross Profit		 230 101 95 158 261 218 179 291 434 222 334
Total Revenue		 289 170 162 158 335 316 274 390 561 353 482
Operating Revenue		 288 170 162 158 335 316 274 390 561 353 482
Total Cost of Revenue		 59 69 67 0.00 75 97 95 98 127 131 148
Operating Cost of Revenue		 59 69 67 - 75 97 95 98 127 131 148
Total Operating Expenses		 72 87 92 166 99 102 87 93 105 110 124
Selling, General & Admin Expense		 30 22 26 24 23 34 30 32 39 43 53
Depreciation Expense		 43 65 65 65 66 68 66 63 69 70 72
Other Operating Expenses / (Income)		 -1.95 - - 66 9.86 - -2.37 -2.40 -2.59 -2.58 -0.96
Total Other Income / (Expense), net		 -29 -15 -24 -43 -49 -24 -20 -26 -21 -22 -17
Interest Expense		 13 - -4.12 41 - 28 27 38 40 36 29
Interest & Investment Income		 0.15 0.14 0.44 1.76 1.46 0.42 0.35 3.81 9.49 15 11
Other Income / (Expense), net		 -16 -16 -29 -4.09 -51 3.64 6.26 8.08 9.61 -1.88 1.60
Basic Earnings per Share		 $2.29 ($0.03) ($0.38) ($0.93) $2.08 $1.86 $1.79 $4.31 $7.63 $2.14 $4.55
Weighted Average Basic Shares Outstanding		 56.66M 54.08M 54.04M 54.51M 53.88M 49.73M 40.20M 40.03M 40.28M 42.13M 42.52M
Diluted Earnings per Share		 $2.29 ($0.03) ($0.38) ($0.93) $2.07 $1.86 $1.78 $4.29 $7.60 $2.14 $4.54
Weighted Average Diluted Shares Outstanding		 56.71M 54.08M 54.04M 54.51M 54.12M 49.83M 40.37M 40.21M 40.45M 42.23M 42.61M
Weighted Average Basic & Diluted Shares Outstanding		 56.66M 54.08M 54.04M 54.51M 50.83M 41.09M 40.14M 40.38M 40.62M 42.65M 42.78M
Cash Dividends to Common per Share		 - - - - - - $2.00 $5.50 $4.00 $3.70 $2.45

Quarterly Income Statements for Dorian LPG

This table shows Dorian LPG's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 77 100 79 51 9.43 21 8.09 10 55 47 81
Consolidated Net Income / (Loss)		 77 100 79 51 9.43 21 8.09 10 55 47 81
Net Income / (Loss) Continuing Operations		 77 100 79 51 9.43 21 8.09 10 55 47 82
Total Pre-Tax Income 		77 100 79 51 9.43 21 8.09 10 55 47 82
Total Operating Income		 80 110 82 55 19 23 15 16 59 51 84
Total Gross Profit		 110 135 74 82 52 48 40 50 89 80 115
Total Revenue		 145 163 141 114 82 81 76 84 124 120 153
Operating Revenue		 145 163 141 114 82 81 76 84 124 120 153
Total Cost of Revenue		 34 28 67 32 30 33 36 34 35 40 38
Operating Cost of Revenue		 34 28 67 32 30 33 36 34 35 40 38
Total Operating Expenses		 30 24 -8.86 27 33 24 25 35 29 29 31
Selling, General & Admin Expense		 14 7.66 8.55 10 16 7.46 8.28 17 12 11 13
Depreciation Expense		 17 17 18 17 17 17 18 18 18 18 17
Other Operating Expenses / (Income)		 -0.68 -0.65 - -0.65 -0.64 -0.66 -0.65 -0.65 -0.65 -0.03 0.35
Total Other Income / (Expense), net		 -3.98 -10 -3.14 -4.19 -9.67 -2.02 -6.60 -5.51 -4.46 -4.12 -2.42
Interest Expense		 10 10 9.69 9.52 9.44 8.88 7.97 7.71 7.60 7.07 6.87
Interest & Investment Income		 2.03 2.90 2.86 3.73 4.46 3.80 3.23 2.84 3.00 2.74 2.57
Other Income / (Expense), net		 4.31 -3.19 3.68 1.60 -4.69 3.07 -1.86 -0.64 0.15 0.21 1.88
Basic Earnings per Share		 $1.90 $2.48 $1.96 $1.25 $0.22 $0.50 $0.17 $0.24 $1.30 $1.11 $1.90
Weighted Average Basic Shares Outstanding		 40.28M 40.35M 40.28M 40.91M 42.49M 42.57M 42.13M 42.43M 42.54M 42.60M 42.52M
Diluted Earnings per Share		 $1.89 $2.47 $1.96 $1.25 $0.22 $0.50 $0.17 $0.24 $1.30 $1.11 $1.89
Weighted Average Diluted Shares Outstanding		 40.41M 40.51M 40.45M 41.12M 42.60M 42.60M 42.23M 42.49M 42.64M 42.60M 42.61M
Weighted Average Basic & Diluted Shares Outstanding		 40.61M 40.59M 40.62M 42.62M 42.80M 42.80M 42.65M 42.65M 42.84M 42.74M 42.78M

Annual Cash Flow Statements for Dorian LPG

This table details how cash moves in and out of Dorian LPG's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -158 -29 61 -63 21 -2.66 152 -88 134 34 11
Net Cash From Operating Activities		 151 52 57 8.88 169 171 119 224 388 173 210
Net Cash From Continuing Operating Activities		 151 52 57 8.88 169 171 119 224 388 173 210
Net Income / (Loss) Continuing Operations		 130 -1.44 -20 -51 112 93 72 172 307 90 194
Consolidated Net Income / (Loss)		 130 -1.44 -20 -51 112 93 72 172 307 90 194
Depreciation Expense		 43 65 65 65 66 68 66 63 69 70 72
Amortization Expense		 2.50 3.71 7.51 3.14 4.78 14 5.89 5.60 1.24 1.22 1.14
Non-Cash Adjustments To Reconcile Net Income		 5.60 2.68 0.97 5.27 -4.85 -13 3.27 12 34 44 50
Changes in Operating Assets and Liabilities, net		 -29 -18 3.84 -14 -8.99 8.88 -29 -29 -23 -32 -107
Net Cash From Investing Activities		 -910 -1.92 -0.44 -4.52 -33 1.02 69 -76 -35 -7.36 -94
Net Cash From Continuing Investing Activities		 -910 -1.92 -0.44 -4.52 -33 1.02 69 -76 -35 -7.36 -94
Purchase of Investments		 - - 0.00 -0.50 -15 -4.74 -2.25 -11 -5.98 -0.21 0.00
Sale and/or Maturity of Investments		 - - 0.00 0.00 1.77 15 3.74 3.72 4.03 12 0.00
Other Investing Activities, net		 -18 - - - - 0.00 - -69 -33 -19 -94
Net Cash From Financing Activities		 601 -79 4.67 -67 -115 -174 -35 -235 -220 -131 -106
Net Cash From Continuing Financing Activities		 601 -79 4.67 -67 -115 -174 -35 -235 -220 -131 -106
Repayment of Debt		 -55 -66 -255 -131 -64 -104 -232 -359 -54 -53 -57
Repurchase of Common Equity		 -21 -13 -1.22 -1.31 -51 -126 -21 -1.67 -3.94 -11 -7.01
Payment of Dividends		 - - - - 0.00 0.00 -80 -221 -162 -156 -105
Issuance of Debt		 677 - 261 65 0.00 55 298 346 0.00 0.00 63
Issuance of Common Equity		 - - - - - - - 0.00 0.00 89 0.00
Effect of Exchange Rate Changes		 -0.11 - -0.01 -0.25 -0.32 0.21 -0.17 -0.45 -0.22 0.01 0.14
Cash Interest Paid		 8.35 25 28 37 32 22 21 31 38 33 27

Quarterly Cash Flow Statements for Dorian LPG

This table details how cash moves in and out of Dorian LPG's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 36 16 74 71 -3.87 -35 2.35 -39 -9.62 26 33
Net Cash From Operating Activities		 100 71 154 41 57 24 50 0.81 46 81 82
Net Cash From Continuing Operating Activities		 100 71 154 41 57 24 50 0.81 46 81 82
Net Income / (Loss) Continuing Operations		 77 100 79 51 9.43 21 8.09 10 55 47 81
Consolidated Net Income / (Loss)		 77 100 79 51 9.43 21 8.09 10 55 47 81
Depreciation Expense		 17 17 18 17 17 17 18 18 18 18 17
Amortization Expense		 0.31 0.30 -21 0.32 0.31 0.30 0.28 8.79 -8.20 0.28 0.28
Non-Cash Adjustments To Reconcile Net Income		 7.15 13 28 8.83 15 14 7.32 1.78 23 12 13
Changes in Operating Assets and Liabilities, net		 -0.72 -60 51 -36 16 -29 17 -38 -42 2.74 -30
Net Cash From Investing Activities		 -7.01 -0.54 -25 -1.25 0.22 -3.06 -3.28 -3.06 -13 -13 -64
Net Cash From Continuing Investing Activities		 -7.01 -0.54 -25 -1.25 0.22 -3.06 -3.28 -3.06 -13 -13 -64
Other Investing Activities, net		 - - - -1.25 - - - -3.06 -13 -13 -64
Net Cash From Financing Activities		 -57 -54 -55 31 -61 -56 -45 -37 -43 -41 15
Net Cash From Continuing Financing Activities		 -57 -54 -55 31 -61 -56 -45 -37 -43 -41 15
Repayment of Debt		 -13 -13 -14 -13 -13 -13 -13 -14 -13 -14 -16
Repurchase of Common Equity		 -2.39 -0.06 -1.17 -4.46 -4.26 -4.59 -2.01 -1.82 -2.91 0.00 -2.28
Payment of Dividends		 -41 -40 -40 -40 -44 -43 -30 -21 -26 -28 -30
Effect of Exchange Rate Changes		 -0.07 0.03 -0.06 -0.03 0.02 -0.11 0.13 0.29 -0.03 -0.03 -0.09
Cash Interest Paid		 9.72 10 9.04 8.92 8.77 9.43 5.69 7.57 6.96 6.53 5.95

Annual Balance Sheets for Dorian LPG

This table presents Dorian LPG's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Total Assets		 1,842 1,746 1,736 1,625 1,672 1,582 1,607 1,709 1,838 1,779 1,872
Total Current Assets		 106 64 135 83 140 153 308 236 369 382 450
Cash & Equivalents		 46 17 104 31 48 79 237 149 283 317 327
Accounts Receivable		 55 42 27 46 68 56 59 76 53 49 99
Inventories, net		 2.29 2.58 2.01 2.11 2.00 2.01 2.27 2.64 2.39 2.51 2.44
Prepaid Expenses		 2.25 1.90 2.47 3.20 3.27 10 10 8.51 14 14 21
Plant, Property, & Equipment, net		 1,668 1,604 1,539 1,479 1,438 1,377 1,255 1,264 1,232 1,187 1,216
Plant, Property & Equipment, gross		 1,668 1,604 1,539 1,479 1,438 1,377 1,255 1,264 - 1,187 1,216
Total Noncurrent Assets		 69 78 62 64 95 51 45 209 236 209 206
Other Noncurrent Operating Assets		 0.39 7.80 16 8.67 36 28 25 197 236 209 206
Total Liabilities & Shareholders' Equity		 1,842 1,746 1,736 1,625 1,672 1,582 1,607 1,709 1,838 1,779 1,872
Total Liabilities		 857 770 777 713 695 635 687 835 814 733 733
Total Current Liabilities		 88 86 82 79 85 82 95 95 102 108 169
Short-Term Debt		 66 66 65 64 62 61 72 53 54 89 100
Accounts Payable		 7.53 7.09 6.67 7.70 14 9.95 9.58 11 10 12 7.99
Accrued Expenses		 9.72 5.39 4.70 3.44 4.08 8.77 3.80 5.64 3.95 5.39 11
Dividends Payable		 - - - - - 0.00 0.49 1.26 1.15 0.92 0.70
Current Deferred Revenue		 4.61 7.31 5.56 4.26 2.07 0.85 0.81 0.21 0.49 0.68 1.98
Other Current Liabilities		 - - - 0.00 2.61 1.10 8.07 24 32 0.04 47
Total Noncurrent Liabilities		 768 684 695 633 610 553 592 740 712 625 564
Long-Term Debt		 746 684 694 632 582 540 591 604 552 499 460
Other Noncurrent Operating Liabilities		 22 0.48 0.65 1.20 28 13 1.69 136 161 126 104
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 986 976 959 913 977 947 920 874 1,024 1,046 1,139
Total Preferred & Common Equity		 986 976 959 913 977 947 920 874 1,024 1,046 1,139
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - - 0.00 0.00
Total Common Equity		 986 976 959 913 977 947 920 874 1,024 1,046 1,139
Common Stock		 849 854 859 864 867 757 761 765 773 868 879
Retained Earnings		 158 156 136 85 197 289 281 232 377 311 400
Treasury Stock		 -21 -34 -35 -36 -87 -100 -121 -123 -127 -133 -140

Quarterly Balance Sheets for Dorian LPG

This table presents Dorian LPG's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2022 12/31/2022 6/30/2023 9/30/2023 12/31/2023 6/30/2024 9/30/2024 12/31/2024 6/30/2025 9/30/2025 12/31/2025
Total Assets		 1,488 1,530 1,704 1,784 1,820 1,912 1,861 1,820 1,749 1,780 1,778
Total Current Assets		 208 228 241 277 339 466 440 415 372 382 392
Cash & Equivalents		 141 130 156 192 208 353 349 315 278 268 294
Accounts Receivable		 55 86 72 67 113 80 62 75 76 92 73
Inventories, net		 2.34 2.61 2.38 2.68 2.57 2.38 2.43 2.35 2.41 2.39 2.25
Prepaid Expenses		 9.15 9.42 11 16 15 14 14 13 15 19 22
Plant, Property, & Equipment, net		 1,233 1,220 1,251 1,238 1,224 1,218 1,204 1,189 1,174 1,170 1,168
Plant, Property & Equipment, gross		 1,233 1,220 1,251 1,238 1,224 1,218 1,204 - 1,174 1,170 1,168
Total Noncurrent Assets		 47 82 212 268 257 228 218 216 204 228 218
Other Noncurrent Operating Assets		 27 61 200 259 247 228 218 216 204 228 218
Total Liabilities & Shareholders' Equity		 1,488 1,530 1,704 1,784 1,820 1,912 1,861 1,820 1,749 1,780 1,778
Total Liabilities		 663 693 818 861 836 792 773 752 714 714 692
Total Current Liabilities		 71 84 97 105 102 101 104 105 112 115 162
Short-Term Debt		 52 52 53 85 53 54 54 88 54 54 98
Accounts Payable		 8.69 16 11 12 11 7.99 9.96 9.25 14 6.64 6.69
Accrued Expenses		 5.24 6.20 6.92 5.10 4.17 4.54 4.05 3.51 6.34 4.36 8.93
Dividends Payable		 0.75 1.01 1.15 0.64 0.89 1.41 0.53 0.76 1.03 0.39 0.54
Current Deferred Revenue		 0.81 0.12 0.28 2.32 0.42 0.56 1.55 0.70 0.62 0.56 0.50
Other Current Liabilities		 3.47 8.40 24 0.02 32 33 34 2.29 36 49 48
Total Noncurrent Liabilities		 592 609 721 755 734 691 669 647 602 599 530
Long-Term Debt		 590 577 591 578 565 538 525 512 485 472 415
Other Noncurrent Operating Liabilities		 2.14 32 130 177 169 152 144 135 117 126 114
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 - - - - - 0.00
Total Equity & Noncontrolling Interests		 825 837 886 923 984 1,120 1,088 1,069 1,035 1,067 1,086
Total Preferred & Common Equity		 825 837 886 923 984 1,120 1,088 1,069 1,035 1,067 1,086
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 825 837 886 923 984 1,120 1,088 1,069 1,035 1,067 1,086
Common Stock		 763 764 766 770 771 859 865 867 870 875 877
Retained Earnings		 185 196 243 279 338 388 354 333 300 330 349
Treasury Stock		 -123 -123 -123 -126 -126 -127 -131 -131 -135 -138 -140

Annual Metrics And Ratios for Dorian LPG

This table displays calculated financial ratios and metrics derived from Dorian LPG's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 42,744,103.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 42,744,103.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 4.53
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 177.74% -41.27% -4.69% -2.38% 112.15% -5.77% -13.20% 42.13% 43.87% -36.98% 36.27%
EBITDA Growth		 367.82% -64.15% -28.74% 17.56% 222.33% 11.41% -15.41% 61.10% 48.26% -55.53% 56.77%
EBIT Growth		 466.21% -101.11% -1,480.26% 51.71% 1,015.89% 8.48% -17.61% 109.25% 63.94% -67.27% 91.19%
NOPAT Growth		 426.48% -93.82% -72.55% -307.27% 2,989.94% -27.92% -20.41% 114.68% 65.77% -65.74% 86.58%
Net Income Growth		 413.40% -101.11% -1,314.93% -149.73% 319.53% -17.24% -22.29% 139.72% 78.29% -70.67% 114.78%
EPS Growth		 408.89% -101.31% -1,166.67% -144.74% 322.58% -10.14% -4.30% 141.01% 77.16% -71.84% 112.15%
Operating Cash Flow Growth		 489.42% -65.50% 9.88% -84.48% 1,802.83% 0.92% -30.42% 88.77% 73.37% -55.46% 21.46%
Free Cash Flow Firm Growth		 0.00% 107.46% 35.85% -41.53% 339.03% -6.51% 21.60% -17.36% 111.58% -54.85% 19.65%
Invested Capital Growth		 103.58% -2.52% -4.16% -2.99% -1.48% -3.67% -7.97% 1.91% -2.66% -3.92% 4.13%
Revenue Q/Q Growth		 20.90% -17.22% -4.94% -5.37% 23.78% 0.81% -7.18% 16.52% 1.28% -15.64% 19.15%
EBITDA Q/Q Growth		 19.43% -40.99% -12.54% 886.96% -10.11% 32.09% -2.09% 6.55% -4.85% -28.75% 51.55%
EBIT Q/Q Growth		 14.86% -103.49% -55.33% 81.41% -17.23% 67.72% 5.71% 16.21% 0.68% -39.80% 52.58%
NOPAT Q/Q Growth		 24.82% -79.09% -69.05% -127.67% 49.82% -2.91% -8.71% 30.45% -0.42% -37.53% 49.12%
Net Income Q/Q Growth		 9.58% -108.60% -36.19% -32.47% 68.28% 18.74% -10.73% 30.83% 1.06% -44.10% 60.39%
EPS Q/Q Growth		 10.10% -110.00% -35.71% -30.99% 69.67% 22.37% -1.11% 30.79% 0.93% -45.55% 60.99%
Operating Cash Flow Q/Q Growth		 73.97% -55.56% 30.57% -25.38% 36.70% 16.64% -30.90% 43.66% 16.92% -37.55% 17.93%
Free Cash Flow Firm Q/Q Growth		 0.00% -50.99% 17.55% 23.03% 26.80% 11.02% -16.41% 7.28% 29.02% -25.11% -13.95%
Invested Capital Q/Q Growth		 -0.97% 0.07% -0.97% -1.69% -0.77% -2.16% -0.01% 2.57% -3.55% -4.57% 5.20%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 79.54% 59.33% 58.90% 100.00% 77.71% 69.14% 65.43% 74.78% 77.38% 62.91% 69.36%
EBITDA Margin		 64.79% 39.56% 29.58% 35.62% 54.11% 63.97% 62.35% 70.67% 72.83% 51.39% 59.12%
Operating Margin		 54.78% 8.24% 2.37% -5.04% 48.04% 36.75% 33.70% 50.89% 58.64% 31.88% 43.65%
EBIT Margin		 49.20% -0.93% -15.42% -7.63% 32.92% 37.90% 35.98% 52.97% 60.36% 31.35% 43.98%
Profit (Net Income) Margin		 44.84% -0.85% -12.60% -32.24% 33.36% 29.30% 26.23% 44.24% 54.83% 25.52% 40.22%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 91.14% 91.29% 81.74% 422.72% 101.32% 77.31% 72.92% 83.53% 90.84% 81.41% 91.45%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 12.49% 0.58% 0.17% -0.36% 10.53% 7.79% 6.58% 14.59% 24.29% 8.60% 15.62%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.01% -1.03% -3.35% -7.57% 2.12% 3.34% 2.24% 8.99% 19.01% 0.42% 9.09%
Return on Net Nonoperating Assets (RNNOA)		 1.46% -0.73% -2.27% -5.09% 1.31% 1.84% 1.13% 4.63% 8.12% 0.11% 2.10%
Return on Equity (ROE)		 13.95% -0.15% -2.11% -5.44% 11.84% 9.62% 7.71% 19.22% 32.41% 8.71% 17.73%
Cash Return on Invested Capital (CROIC)		 -55.75% 3.14% 4.41% 2.67% 12.01% 11.53% 14.88% 12.70% 26.99% 12.60% 11.57%
Operating Return on Assets (OROA)		 9.68% -0.09% -1.43% -0.72% 6.70% 7.36% 6.19% 12.45% 19.09% 6.13% 11.60%
Return on Assets (ROA)		 8.82% -0.08% -1.17% -3.03% 6.78% 5.69% 4.51% 10.40% 17.34% 4.99% 10.61%
Return on Common Equity (ROCE)		 13.95% -0.15% -2.11% -5.44% 11.84% 9.62% 7.71% 19.22% 32.41% 8.71% 17.73%
Return on Equity Simple (ROE_SIMPLE)		 13.16% -0.15% -2.13% -5.58% 11.45% 9.78% 7.82% 19.73% 30.04% 8.62% 0.00%
Net Operating Profit after Tax (NOPAT)		 158 9.80 2.69 -5.57 161 116 92 198 329 113 210
NOPAT Margin		 54.78% 5.77% 1.66% -3.53% 48.04% 36.75% 33.70% 50.89% 58.64% 31.88% 43.65%
Net Nonoperating Expense Percent (NNEP)		 8.48% 1.61% 3.52% 7.21% 8.41% 4.45% 4.34% 5.60% 5.28% 8.18% 6.53%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 7.04% 12.37%
Cost of Revenue to Revenue		 20.46% 40.67% 41.10% 0.00% 22.29% 30.86% 34.57% 25.22% 22.62% 37.09% 30.64%
SG&A Expenses to Revenue		 10.32% 12.79% 16.18% 15.46% 6.97% 10.73% 11.02% 8.23% 6.96% 12.06% 11.01%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 24.76% 51.10% 56.53% 105.04% 29.67% 32.40% 31.74% 23.88% 18.74% 31.03% 25.71%
Earnings before Interest and Taxes (EBIT)		 142 -1.58 -25 -12 110 120 99 206 338 111 212
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 187 67 48 56 181 202 171 275 408 182 285
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.30 0.32 0.24 0.21 0.26 0.38 0.39 0.78 1.49 0.89 1.25
Price to Tangible Book Value (P/TBV)		 0.30 0.32 0.24 0.21 0.26 0.38 0.39 0.78 1.49 0.89 1.25
Price to Revenue (P/Rev)		 1.02 1.86 1.39 1.23 0.76 1.13 1.32 1.75 2.72 2.65 2.96
Price to Earnings (P/E)		 2.27 0.00 0.00 0.00 2.29 3.87 5.02 3.95 4.96 10.38 7.36
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 22.23% 32.56% 13.32% 16.92% 0.00%
Earnings Yield		 44.11% 0.00% 0.00% 0.00% 43.64% 25.86% 19.92% 25.30% 20.17% 9.63% 13.58%
Enterprise Value to Invested Capital (EV/IC)		 0.62 0.63 0.55 0.56 0.55 0.60 0.58 0.86 1.37 0.91 1.21
Enterprise Value to Revenue (EV/Rev)		 3.67 6.18 5.44 5.43 2.49 2.77 2.87 3.02 3.27 3.32 3.45
Enterprise Value to EBITDA (EV/EBITDA)		 5.66 15.62 18.40 15.25 4.60 4.33 4.60 4.28 4.49 6.46 5.83
Enterprise Value to EBIT (EV/EBIT)		 7.45 0.00 0.00 0.00 7.55 7.30 7.98 5.71 5.42 10.59 7.83
Enterprise Value to NOPAT (EV/NOPAT)		 6.69 107.12 327.70 0.00 5.18 7.53 8.52 5.94 5.58 10.41 7.89
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.02 20.14 15.39 96.61 4.93 5.13 6.63 5.26 4.72 6.78 7.89
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 19.90 12.30 20.50 4.54 5.09 3.77 6.83 5.02 7.11 10.65
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.82 0.77 0.79 0.76 0.66 0.63 0.72 0.75 0.59 0.53 0.49
Long-Term Debt to Equity		 0.76 0.70 0.72 0.69 0.60 0.57 0.64 0.69 0.54 0.48 0.40
Financial Leverage		 0.36 0.71 0.68 0.67 0.62 0.55 0.51 0.52 0.43 0.27 0.23
Leverage Ratio		 1.58 1.83 1.80 1.80 1.74 1.69 1.71 1.85 1.87 1.75 1.67
Compound Leverage Factor		 1.44 1.67 1.47 7.59 1.77 1.31 1.25 1.54 1.70 1.42 1.53
Debt to Total Capital		 45.19% 43.45% 44.17% 43.27% 39.73% 38.83% 41.87% 42.93% 37.15% 34.59% 32.98%
Short-Term Debt to Total Capital		 3.69% 3.82% 3.79% 3.98% 3.84% 3.97% 4.55% 3.47% 3.29% 3.41% 5.89%
Long-Term Debt to Total Capital		 41.51% 39.63% 40.39% 39.29% 35.89% 34.86% 37.32% 39.46% 33.87% 31.19% 27.08%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 54.81% 56.55% 55.83% 56.73% 60.27% 61.17% 58.13% 57.07% 62.85% 65.41% 67.02%
Debt to EBITDA		 4.34 11.16 15.85 12.37 3.55 2.97 3.88 2.39 1.48 3.05 1.97
Net Debt to EBITDA		 4.09 10.91 13.69 11.81 3.18 2.56 2.49 1.81 0.76 1.30 0.82
Long-Term Debt to EBITDA		 3.98 10.18 14.50 11.23 3.21 2.67 3.45 2.19 1.35 2.75 1.62
Debt to NOPAT		 5.13 76.56 282.30 -124.89 4.00 5.18 7.17 3.31 1.84 4.91 2.67
Net Debt to NOPAT		 4.84 74.83 243.81 -119.25 3.59 4.45 4.61 2.51 0.95 2.10 1.11
Long-Term Debt to NOPAT		 4.71 69.83 258.10 -113.42 3.61 4.65 6.39 3.05 1.68 4.43 2.19
Altman Z-Score		 0.75 0.45 0.37 0.31 0.84 1.10 1.09 1.41 2.50 1.60 2.28
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.20 0.75 1.65 1.04 1.64 1.87 3.25 2.50 3.62 3.54 2.67
Quick Ratio		 1.15 0.69 1.59 0.97 1.54 1.65 3.11 2.38 3.41 3.40 2.53
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -707 53 72 42 184 172 209 173 365 165 156
Operating Cash Flow to CapEx		 16.92% 2,714.21% 13,099.37% 220.95% 844.16% 1,793.76% 0.00% 325.74% 1,182.38% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -55.42 0.00 0.00 1.03 0.00 6.23 7.72 4.57 9.03 4.61 5.32
Operating Cash Flow to Interest Expense		 11.84 0.00 0.00 0.22 0.00 6.18 4.39 5.93 9.60 4.83 7.18
Operating Cash Flow Less CapEx to Interest Expense		 -58.15 0.00 0.00 0.12 0.00 5.84 6.87 4.11 8.78 4.83 7.18
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.20 0.09 0.09 0.09 0.20 0.19 0.17 0.24 0.32 0.20 0.26
Accounts Receivable Turnover		 7.43 3.50 4.65 4.33 5.91 5.09 4.77 5.77 8.67 6.90 6.48
Inventory Turnover		 20.90 28.37 28.96 0.00 36.38 48.70 44.36 40.05 50.36 53.47 59.61
Fixed Asset Turnover		 0.23 0.10 0.10 0.10 0.23 0.22 0.21 0.31 0.45 0.29 0.40
Accounts Payable Turnover		 8.91 9.45 9.67 0.00 6.89 8.14 9.71 9.64 12.08 12.06 15.10
Days Sales Outstanding (DSO)		 49.12 104.31 78.56 84.37 61.79 71.66 76.55 63.21 42.11 52.92 56.29
Days Inventory Outstanding (DIO)		 17.46 12.86 12.60 0.00 10.03 7.50 8.23 9.11 7.25 6.83 6.12
Days Payable Outstanding (DPO)		 40.96 38.63 37.75 0.00 52.98 44.82 37.60 37.84 30.21 30.27 24.17
Cash Conversion Cycle (CCC)		 25.63 78.54 53.41 84.37 18.84 34.34 47.19 34.48 19.14 29.48 38.24
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,701 1,658 1,589 1,542 1,519 1,463 1,347 1,372 1,336 1,283 1,373
Invested Capital Turnover		 0.23 0.10 0.10 0.10 0.22 0.21 0.20 0.29 0.41 0.27 0.36
Increase / (Decrease) in Invested Capital		 865 -43 -69 -47 -23 -56 -117 26 -37 -52 54
Enterprise Value (EV)		 1,060 1,049 881 858 834 874 787 1,179 1,835 1,172 1,659
Market Capitalization		 294 316 226 194 256 358 361 682 1,524 936 1,426
Book Value per Share		 $17.22 $17.76 $17.41 $16.54 $18.15 $18.98 $22.92 $21.66 $25.21 $24.44 $26.65
Tangible Book Value per Share		 $17.22 $17.76 $17.41 $16.54 $18.15 $18.98 $22.92 $21.66 $25.21 $24.44 $26.65
Total Capital		 1,798 1,726 1,719 1,609 1,621 1,548 1,583 1,531 1,629 1,599 1,699
Total Debt		 813 750 759 696 644 601 663 657 605 553 560
Total Long-Term Debt		 746 684 694 632 582 540 591 604 552 499 460
Net Debt		 766 733 656 665 578 516 426 497 311 236 233
Capital Expenditures (CapEx)		 893 1.92 0.44 4.02 20 9.51 -67 69 33 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 37 27 15 36 50 48 48 46 27 12 54
Debt-free Net Working Capital (DFNWC)		 84 44 118 67 117 133 285 195 321 329 382
Net Working Capital (NWC)		 17 -22 53 3.22 55 71 213 142 267 274 281
Net Nonoperating Expense (NNE)		 29 11 23 45 49 24 20 26 21 22 17
Net Nonoperating Obligations (NNO)		 715 682 630 629 542 516 426 498 312 237 234
Total Depreciation and Amortization (D&A)		 45 69 73 68 71 82 72 69 70 71 73
Debt-free, Cash-free Net Working Capital to Revenue		 12.89% 15.99% 9.12% 22.62% 14.97% 15.20% 17.64% 11.81% 4.74% 3.42% 11.25%
Debt-free Net Working Capital to Revenue		 28.94% 26.01% 73.06% 42.52% 34.86% 41.99% 103.98% 49.98% 57.18% 93.10% 79.25%
Net Working Capital to Revenue		 6.03% -12.83% 32.86% 2.04% 16.29% 22.56% 77.69% 36.36% 47.63% 77.68% 58.45%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.29 ($0.03) ($0.38) ($0.93) $2.08 $1.86 $1.79 $4.31 $7.63 $2.14 $4.55
Adjusted Weighted Average Basic Shares Outstanding		 55.63M 54.97M 54.04M 55.17M 53.88M 49.73M 40.20M 40.03M 40.28M 42.13M 42.52M
Adjusted Diluted Earnings per Share		 $2.29 ($0.03) ($0.38) ($0.93) $2.07 $1.86 $1.78 $4.29 $7.60 $2.14 $4.54
Adjusted Weighted Average Diluted Shares Outstanding		 55.63M 54.97M 54.04M 55.17M 54.12M 49.83M 40.37M 40.21M 40.45M 42.23M 42.61M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.93) $2.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 55.63M 54.97M 55.23M 54.51M 50.83M 41.09M 40.14M 40.38M 40.62M 42.65M 42.78M
Normalized Net Operating Profit after Tax (NOPAT)		 112 9.80 2.69 1.44 113 81 60 139 230 79 147
Normalized NOPAT Margin		 38.62% 5.77% 1.66% 0.91% 33.63% 25.72% 21.73% 35.63% 41.05% 22.32% 30.55%
Pre Tax Income Margin		 44.84% -0.85% -12.60% -32.24% 33.36% 29.30% 26.23% 44.24% 54.83% 25.52% 40.22%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 11.15 0.00 0.00 -0.30 0.00 4.34 3.64 5.46 8.36 3.09 7.24
NOPAT to Interest Expense		 12.42 0.00 0.00 -0.14 0.00 4.21 3.41 5.25 8.12 3.15 7.19
EBIT Less CapEx to Interest Expense		 -58.83 0.00 0.00 -0.40 0.00 3.99 6.13 3.64 7.55 3.09 7.24
NOPAT Less CapEx to Interest Expense		 -57.57 0.00 0.00 -0.24 0.00 3.86 5.90 3.43 7.31 3.15 7.19
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 111.33% 127.92% 52.78% 173.45% 54.22%
Augmented Payout Ratio		 16.15% -898.41% -5.98% -2.57% 45.28% 136.40% 141.03% 128.89% 54.06% 185.49% 57.84%

Quarterly Metrics And Ratios for Dorian LPG

This table displays calculated financial ratios and metrics derived from Dorian LPG's official financial filings.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 42,744,103.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 42,744,103.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.90
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 90.47% 57.82% 5.29% 2.50% -43.03% -50.53% -46.33% -26.36% 50.50% 48.72% 101.97%
EBITDA Growth		 108.40% 51.85% -10.76% -3.67% -68.59% -64.55% -70.49% -43.52% 44.14% 33.40% 1,472.25%
EBIT Growth		 168.84% 82.42% 2.74% -5.55% -83.01% -75.31% -85.09% -73.80% 312.97% 94.78% 568.76%
NOPAT Growth		 186.05% 91.92% -1.67% -0.27% -76.27% -78.81% -82.17% -71.89% 210.77% 119.43% 471.26%
Net Income Growth		 276.70% 95.02% 4.23% -0.84% -87.68% -78.63% -89.79% -80.34% 487.38% 120.90% 901.16%
EPS Growth		 270.59% 94.49% 3.70% -2.34% -88.36% -79.76% -91.33% -80.80% 490.91% 122.00% 1,011.76%
Operating Cash Flow Growth		 103.95% 65.17% 57.36% -34.84% -42.84% -65.66% -67.46% -98.02% -19.06% 232.97% 63.65%
Free Cash Flow Firm Growth		 -69.45% -4.69% 104.64% 105.46% 336.78% 0.00% -43.63% -6.95% -55.49% 44.27% -8.45%
Invested Capital Growth		 4.41% 3.52% -2.66% -1.17% -5.55% -2.88% -3.92% -3.77% 1.27% -2.98% 4.13%
Revenue Q/Q Growth		 29.70% 12.69% -13.71% -18.73% -27.91% -2.14% -5.92% 10.97% 47.32% -3.30% 27.76%
EBITDA Q/Q Growth		 31.98% 22.19% -37.62% -9.81% -56.96% 37.88% -30.67% 37.30% 64.34% 1.03% 47.87%
EBIT Q/Q Growth		 40.31% 26.36% -19.68% -33.68% -74.76% 83.60% -51.49% 16.54% 297.84% -13.40% 66.56%
NOPAT Q/Q Growth		 44.70% 37.09% -25.34% -32.66% -65.58% 22.45% -37.17% 6.13% 280.61% -13.54% 63.57%
Net Income Q/Q Growth		 47.93% 30.66% -20.74% -35.28% -81.62% 126.56% -62.12% 24.59% 449.31% -14.79% 71.68%
EPS Q/Q Growth		 47.66% 30.69% -20.65% -36.22% -82.40% 127.27% -66.00% 41.18% 441.67% -14.62% 70.27%
Operating Cash Flow Q/Q Growth		 58.54% -29.57% 118.34% -73.27% 39.08% -57.69% 106.92% -98.38% 5,597.73% 74.06% 1.70%
Free Cash Flow Firm Q/Q Growth		 101.68% 188.14% 87.88% -39.98% 34.43% -34.03% 5.83% -0.86% -35.70% 113.84% -67.73%
Invested Capital Q/Q Growth		 1.54% -0.03% -3.55% 0.95% -2.96% 2.79% -4.57% 1.10% 2.12% -1.52% 5.20%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 76.32% 82.63% 52.25% 72.08% 63.43% 59.12% 52.56% 59.65% 71.44% 66.85% 74.98%
EBITDA Margin		 70.60% 76.55% 58.76% 65.21% 38.93% 54.85% 40.42% 50.01% 55.79% 58.29% 67.46%
Operating Margin		 55.62% 67.67% 58.55% 48.51% 23.17% 28.99% 19.36% 18.52% 47.83% 42.77% 54.76%
EBIT Margin		 58.60% 65.71% 61.16% 49.91% 17.48% 32.79% 16.91% 17.76% 47.95% 42.94% 55.99%
Profit (Net Income) Margin		 52.88% 61.31% 56.31% 44.85% 11.44% 26.48% 10.66% 11.97% 44.64% 39.34% 52.86%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.90% 100.00% 99.39%
Interest Burden Percent		 90.23% 93.31% 92.07% 89.86% 65.45% 80.77% 63.07% 67.42% 92.26% 91.60% 94.99%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 20.23% 27.49% 24.25% 20.15% 8.62% 8.90% 5.22% 4.52% 13.25% 13.05% 19.60%
ROIC Less NNEP Spread (ROIC-NNEP)		 19.41% 25.19% 23.47% 18.97% 5.79% 8.30% 2.82% 2.28% 11.60% 11.38% 18.44%
Return on Net Nonoperating Assets (RNNOA)		 10.69% 12.46% 10.03% 6.69% 1.96% 2.74% 0.75% 0.52% 2.58% 2.62% 4.27%
Return on Equity (ROE)		 30.92% 39.95% 34.27% 26.84% 10.58% 11.63% 5.97% 5.04% 15.83% 15.67% 23.87%
Cash Return on Invested Capital (CROIC)		 16.14% 20.80% 26.99% 25.41% 25.55% 16.14% 12.60% 9.34% 7.32% 13.66% 11.57%
Operating Return on Assets (OROA)		 17.66% 21.69% 19.34% 15.56% 4.81% 7.54% 3.30% 3.14% 9.61% 9.65% 14.77%
Return on Assets (ROA)		 15.94% 20.24% 17.81% 13.98% 3.15% 6.09% 2.08% 2.11% 8.94% 8.84% 13.94%
Return on Common Equity (ROCE)		 30.92% 39.95% 34.27% 26.84% 10.58% 11.63% 5.97% 5.04% 15.83% 15.67% 23.87%
Return on Equity Simple (ROE_SIMPLE)		 27.67% 30.92% 0.00% 27.42% 22.05% 15.10% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 80 110 82 55 19 23 15 16 59 51 84
NOPAT Margin		 55.62% 67.67% 58.55% 48.51% 23.17% 28.99% 19.36% 18.52% 47.83% 42.77% 54.76%
Net Nonoperating Expense Percent (NNEP)		 0.83% 2.30% 0.77% 1.18% 2.83% 0.60% 2.40% 2.24% 1.66% 1.66% 1.15%
Return On Investment Capital (ROIC_SIMPLE)		 - 6.89% - - - 1.40% 0.92% 0.99% 3.73% 3.21% 4.94%
Cost of Revenue to Revenue		 23.68% 17.37% 47.75% 27.92% 36.57% 40.88% 47.44% 40.35% 28.56% 33.15% 25.02%
SG&A Expenses to Revenue		 9.38% 4.70% 6.07% 9.12% 19.97% 9.25% 10.91% 20.08% 9.68% 8.99% 8.69%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 20.69% 14.96% -6.30% 23.57% 40.27% 30.13% 33.20% 41.14% 23.61% 24.08% 20.22%
Earnings before Interest and Taxes (EBIT)		 85 107 86 57 14 26 13 15 59 52 86
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 102 125 83 75 32 44 31 42 69 70 103
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.13 1.62 1.49 1.52 1.35 0.98 0.89 1.00 1.19 0.96 1.25
Price to Tangible Book Value (P/TBV)		 1.13 1.62 1.49 1.52 1.35 0.98 0.89 1.00 1.19 0.96 1.25
Price to Revenue (P/Rev)		 2.11 2.88 2.72 3.02 2.93 2.49 2.65 3.22 3.48 2.58 2.96
Price to Earnings (P/E)		 4.07 5.23 4.96 5.55 6.11 6.47 10.38 21.23 13.39 8.64 7.36
Dividend Yield		 15.55% 12.76% 13.32% 9.53% 11.62% 16.41% 16.92% 13.13% 9.40% 10.07% 0.00%
Earnings Yield		 24.59% 19.12% 20.17% 18.01% 16.36% 15.46% 9.63% 4.71% 7.47% 11.58% 13.58%
Enterprise Value to Invested Capital (EV/IC)		 1.08 1.44 1.37 1.43 1.29 0.98 0.91 1.00 1.15 0.97 1.21
Enterprise Value to Revenue (EV/Rev)		 3.04 3.60 3.27 3.43 3.37 3.15 3.32 4.03 4.19 3.12 3.45
Enterprise Value to EBITDA (EV/EBITDA)		 4.23 5.01 4.49 4.76 5.03 5.17 6.46 8.73 8.98 6.72 5.83
Enterprise Value to EBIT (EV/EBIT)		 5.22 5.92 5.42 5.76 6.37 7.17 10.59 18.96 13.44 9.09 7.83
Enterprise Value to NOPAT (EV/NOPAT)		 5.41 6.03 5.58 5.88 6.31 7.31 10.41 17.89 13.53 8.95 7.89
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.93 5.99 4.72 5.27 5.21 4.76 6.78 9.81 12.57 7.08 7.89
Enterprise Value to Free Cash Flow (EV/FCFF)		 6.86 7.03 5.02 5.61 4.90 5.99 7.11 10.53 15.86 6.97 10.65
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.72 0.63 0.59 0.53 0.53 0.56 0.53 0.52 0.49 0.47 0.49
Long-Term Debt to Equity		 0.63 0.57 0.54 0.48 0.48 0.48 0.48 0.47 0.44 0.38 0.40
Financial Leverage		 0.55 0.49 0.43 0.35 0.34 0.33 0.27 0.23 0.22 0.23 0.23
Leverage Ratio		 1.87 1.84 1.87 1.80 1.81 1.77 1.75 1.70 1.69 1.67 1.67
Compound Leverage Factor		 1.69 1.72 1.72 1.62 1.19 1.43 1.10 1.15 1.56 1.53 1.59
Debt to Total Capital		 41.79% 38.58% 37.15% 34.58% 34.73% 35.97% 34.59% 34.27% 33.05% 32.10% 32.98%
Short-Term Debt to Total Capital		 5.35% 3.34% 3.29% 3.13% 3.22% 5.28% 3.41% 3.44% 3.40% 6.11% 5.89%
Long-Term Debt to Total Capital		 36.45% 35.24% 33.87% 31.45% 31.50% 30.69% 31.19% 30.84% 29.64% 25.98% 27.08%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 58.21% 61.42% 62.85% 65.42% 65.27% 64.03% 65.41% 65.73% 66.95% 67.90% 67.02%
Debt to EBITDA		 1.87 1.56 1.48 1.46 1.73 2.35 3.05 3.62 3.09 2.73 1.97
Net Debt to EBITDA		 1.30 1.01 0.76 0.56 0.65 1.08 1.30 1.75 1.52 1.16 0.82
Long-Term Debt to EBITDA		 1.63 1.42 1.35 1.33 1.57 2.01 2.75 3.26 2.77 2.21 1.62
Debt to NOPAT		 2.39 1.87 1.84 1.80 2.17 3.33 4.91 7.42 4.66 3.64 2.67
Net Debt to NOPAT		 1.66 1.21 0.95 0.69 0.82 1.53 2.10 3.60 2.28 1.55 1.11
Long-Term Debt to NOPAT		 2.08 1.71 1.68 1.64 1.97 2.84 4.43 6.67 4.18 2.95 2.19
Altman Z-Score		 1.49 2.06 2.04 2.20 1.92 1.57 1.42 1.50 1.82 1.66 2.06
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.63 3.31 3.62 4.60 4.22 3.97 3.54 3.32 3.32 2.41 2.67
Quick Ratio		 2.46 3.14 3.41 4.39 4.04 3.82 3.40 3.17 3.13 2.26 2.53
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 22 63 119 71 96 63 67 66 43 91 29
Operating Cash Flow to CapEx		 2,003.44% 11,773.10% 619.39% 3,292.76% 3,632.70% 853.42% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 2.13 6.28 12.28 7.50 10.17 7.13 8.41 8.61 5.62 12.93 4.29
Operating Cash Flow to Interest Expense		 9.72 7.01 15.93 4.33 6.07 2.73 6.30 0.11 6.11 11.43 11.96
Operating Cash Flow Less CapEx to Interest Expense		 9.24 6.95 13.35 4.20 5.91 2.41 7.01 0.11 6.11 11.43 11.96
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.30 0.33 0.32 0.31 0.28 0.23 0.20 0.18 0.20 0.22 0.26
Accounts Receivable Turnover		 8.05 5.54 8.67 7.41 7.77 4.46 6.90 4.14 4.74 5.46 6.48
Inventory Turnover		 55.30 55.44 50.36 53.89 48.45 52.25 53.47 55.63 57.44 63.13 59.61
Fixed Asset Turnover		 0.40 0.45 0.45 0.46 0.41 0.35 0.29 0.27 0.31 0.34 0.40
Accounts Payable Turnover		 13.15 10.48 12.08 13.30 11.06 12.43 12.06 12.06 16.67 18.21 15.10
Days Sales Outstanding (DSO)		 45.32 65.86 42.11 49.25 46.96 81.89 52.92 88.25 77.05 66.82 56.29
Days Inventory Outstanding (DIO)		 6.60 6.58 7.25 6.77 7.53 6.99 6.83 6.56 6.35 5.78 6.12
Days Payable Outstanding (DPO)		 27.76 34.84 30.21 27.45 33.01 29.36 30.27 30.25 21.89 20.04 24.17
Cash Conversion Cycle (CCC)		 24.16 37.61 19.14 28.58 21.48 59.52 29.48 64.56 61.51 52.56 38.24
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,385 1,385 1,336 1,348 1,308 1,345 1,283 1,298 1,325 1,305 1,373
Invested Capital Turnover		 0.36 0.41 0.41 0.42 0.37 0.31 0.27 0.24 0.28 0.31 0.36
Increase / (Decrease) in Invested Capital		 59 47 -37 -16 -77 -40 -52 -51 17 -40 54
Enterprise Value (EV)		 1,501 1,991 1,835 1,932 1,687 1,319 1,172 1,301 1,529 1,261 1,659
Market Capitalization		 1,039 1,591 1,524 1,704 1,467 1,043 936 1,040 1,271 1,043 1,426
Book Value per Share		 $22.86 $24.23 $25.21 $27.57 $25.53 $24.96 $24.44 $24.26 $25.01 $25.34 $26.65
Tangible Book Value per Share		 $22.86 $24.23 $25.21 $27.57 $25.53 $24.96 $24.44 $24.26 $25.01 $25.34 $26.65
Total Capital		 1,586 1,602 1,629 1,712 1,667 1,669 1,599 1,574 1,593 1,599 1,699
Total Debt		 663 618 605 592 579 600 553 540 526 513 560
Total Long-Term Debt		 578 565 552 538 525 512 499 485 472 415 460
Net Debt		 461 400 311 227 220 276 236 262 258 219 233
Capital Expenditures (CapEx)		 5.01 0.60 25 1.25 1.58 2.84 -5.67 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 65 82 27 53 30 74 12 36 53 33 54
Debt-free Net Working Capital (DFNWC)		 257 290 321 418 389 399 329 314 321 328 382
Net Working Capital (NWC)		 172 237 267 364 335 311 274 260 267 230 281
Net Nonoperating Expense (NNE)		 3.98 10 3.14 4.19 9.67 2.02 6.60 5.51 3.96 4.12 2.92
Net Nonoperating Obligations (NNO)		 462 401 312 228 220 276 237 263 258 219 234
Total Depreciation and Amortization (D&A)		 17 18 -3.38 17 18 18 18 27 9.72 18 18
Debt-free, Cash-free Net Working Capital to Revenue		 13.15% 14.80% 4.74% 9.42% 5.97% 17.70% 3.42% 11.14% 14.47% 8.19% 11.25%
Debt-free Net Working Capital to Revenue		 52.08% 52.50% 57.18% 74.17% 77.66% 95.18% 93.10% 97.13% 88.01% 81.06% 79.25%
Net Working Capital to Revenue		 34.89% 42.84% 47.63% 64.65% 66.93% 74.14% 77.68% 80.39% 73.15% 56.87% 58.45%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.90 $2.48 $1.96 $1.25 $0.22 $0.50 $0.17 $0.24 $1.30 $1.11 $1.90
Adjusted Weighted Average Basic Shares Outstanding		 40.28M 40.35M 40.28M 40.91M 42.49M 42.57M 42.13M 42.43M 42.54M 42.60M 42.52M
Adjusted Diluted Earnings per Share		 $1.89 $2.47 $1.96 $1.25 $0.22 $0.50 $0.17 $0.24 $1.30 $1.11 $1.89
Adjusted Weighted Average Diluted Shares Outstanding		 40.41M 40.51M 40.45M 41.12M 42.60M 42.60M 42.23M 42.49M 42.64M 42.60M 42.61M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 40.61M 40.59M 40.62M 42.62M 42.80M 42.80M 42.65M 42.65M 42.84M 42.74M 42.78M
Normalized Net Operating Profit after Tax (NOPAT)		 56 77 58 39 13 16 10 11 42 36 59
Normalized NOPAT Margin		 38.94% 47.37% 40.98% 33.96% 16.22% 20.29% 13.55% 12.96% 33.48% 29.94% 38.33%
Pre Tax Income Margin		 52.88% 61.31% 56.31% 44.85% 11.44% 26.48% 10.66% 11.97% 44.24% 39.34% 53.18%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 8.22 10.63 8.89 6.00 1.53 2.98 1.61 1.94 7.83 7.29 12.49
NOPAT to Interest Expense		 7.80 10.95 8.51 5.83 2.02 2.63 1.84 2.02 7.81 7.26 12.22
EBIT Less CapEx to Interest Expense		 7.74 10.57 6.31 5.87 1.36 2.66 2.32 1.94 7.83 7.29 12.49
NOPAT Less CapEx to Interest Expense		 7.32 10.89 5.93 5.70 1.86 2.31 2.55 2.02 7.81 7.26 12.22
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 63.31% 53.26% 52.78% 52.81% 68.66% 103.50% 173.45% 280.30% 126.33% 86.98% 54.22%
Augmented Payout Ratio		 64.37% 54.17% 54.06% 53.99% 70.95% 109.70% 185.49% 297.08% 133.43% 92.56% 57.84%

Financials Breakdown Chart

Key Financial Trends

Dorian LPG’s recent financials show a company still generating strong profits and cash, but with meaningful balance-sheet leverage and heavier capital returns to shareholders. Over the last several quarters, revenue has been volatile, yet margins and operating cash flow have remained solid. The latest quarter also shows improving earnings versus the prior quarter, though cash on hand declined as the company paid dividends, repaid debt, and continued buybacks.

  • Strong latest-quarter profitability: Q4 2026 revenue rose to $153.3 million from $120.0 million in Q3 2026, while net income increased to $81.0 million from $47.1 million.
  • Healthy operating margin in the latest quarter: Q4 2026 operating income was $83.9 million, or about 54.7% of revenue, reflecting strong fleet economics.
  • Robust cash generation: Q4 2026 operating cash flow was $82.1 million, while full-cycle quarter-to-quarter cash generation remained materially positive.
  • High gross profit conversion: Q4 2026 gross profit was $114.9 million on $153.3 million of revenue, showing the business still converts a large share of sales into profit before overhead and financing costs.
  • Retained earnings have grown over time: retained earnings rose from $243.2 million in Q1 2024 to $348.9 million in Q3 2026, indicating cumulative profitability and shareholder value creation.
  • Share count has not meaningfully ballooned: diluted weighted-average shares were 42.6 million in Q4 2026 versus 40.5 million in Q4 2024, suggesting only moderate dilution over the period.
  • Revenue remains cyclical: quarterly revenue moved from $84.2 million in Q1 2026 to $124.1 million in Q2, $120.0 million in Q3, and $153.3 million in Q4, underscoring shipping-market volatility.
  • Large non-operating cash uses: the company consistently pays significant dividends and repays debt, which supports capital discipline but also absorbs cash.
  • Leverage is still significant: as of Q3 2026, total debt was about $513.2 million, including $97.7 million short-term debt and $415.4 million long-term debt.
  • Liquidity softened sequentially: cash and equivalents fell to $294.5 million in Q3 2026 from $268.3 million in Q2 2026 and then to $294.5 million, while net change in cash in Q4 2026 was only $32.9 million after heavy financing and investing outflows.

Balance-sheet trends are mixed. Total assets were fairly stable around $1.75 billion to $1.78 billion in the recent periods, and equity increased from $1.03 billion in Q1 2026 to $1.09 billion in Q3 2026. However, liabilities also remained high at about $692.1 million in Q3 2026, meaning the company still carries meaningful financial obligations relative to its asset base.

Cash flow quality remains a key strength. Dorian LPG’s operating cash flow has generally outpaced reported net income, helped by depreciation and amortization add-backs. That said, operating cash flow can swing materially with working-capital changes, and capital allocation decisions—especially dividends—have a large effect on reported cash balances.

Bottom line: Dorian LPG appears to be a profitable, cash-generative shipping company with strong near-term earnings momentum. The main watch items for investors are cyclical revenue swings, debt levels, and how aggressively management continues returning cash to shareholders versus preserving balance-sheet flexibility.

06/01/26 06:36 PM ETAI Generated. May Contain Errors.

Dorian LPG Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Dorian LPG's financial year ends in March. Their financial year 2026 ended on March 31, 2026.

Dorian LPG's net income appears to be on an upward trend, with a most recent value of $193.67 million in 2026, rising from $129.69 million in 2016. The previous period was $90.17 million in 2025. View Dorian LPG's forecast to see where analysts expect Dorian LPG to go next.

Dorian LPG's total operating income in 2026 was $210.18 million, based on the following breakdown:
  • Total Gross Profit: $333.98 million
  • Total Operating Expenses: $123.80 million

Over the last 10 years, Dorian LPG's total revenue changed from $289.21 million in 2016 to $481.51 million in 2026, a change of 66.5%.

Dorian LPG's total liabilities were at $732.70 million at the end of 2026, a 0.0% increase from 2025, and a 14.5% decrease since 2016.

In the past 10 years, Dorian LPG's cash and equivalents has ranged from $17.02 million in 2017 to $327.41 million in 2026, and is currently $327.41 million as of their latest financial filing in 2026.

Over the last 10 years, Dorian LPG's book value per share changed from 17.22 in 2016 to 26.65 in 2026, a change of 54.7%.


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Financial statements for NYSE:LPG last updated on 6/1/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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