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Stocks · Industrials · Deep Sea Foreign Transportation of Freight

DORIAN LPG LTD.

LPG Clue Score76
United States Fiscal year ends March CIK 0001596993
$57.64 -1.01% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $57.64 +350.66% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue167.4Operating income14.0Net income−1.4EPS, diluted−0.03Fiscal year 2018Revenue159.3 −4.8%Operating income3.8Net income−20.4EPS, diluted−0.38Fiscal year 2019Revenue158.0 −0.8%Operating income−8.0Net income−50.9EPS, diluted−0.93Fiscal year 2020Revenue333.4 +111.0%Operating income161.1Net income111.8EPS, diluted2.07Fiscal year 2021Revenue315.9 −5.2%Operating income116.1Net income92.6 −17.2%EPS, diluted1.86 −10.1%Fiscal year 2022Revenue274.2 −13.2%Operating income92.4Net income71.9 −22.3%EPS, diluted1.78 −4.3%Fiscal year 2023Revenue389.7 +42.1%Operating income198.4Net income172.4 +139.7%EPS, diluted4.29 +141.0%Fiscal year 2024Revenue560.7 +43.9%Operating income328.8Net income307.4 +78.3%EPS, diluted7.60 +77.2%Fiscal year 2025Revenue353.3 −37.0%Operating income112.6Net income90.2 −70.7%EPS, diluted2.14 −71.8%Fiscal year 2026Revenue481.5 +36.3%Operating income210.2Net income193.7 +114.8%EPS, diluted4.54 +112.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 167.4 159.3 158.0 333.4 315.9 274.2 389.7 560.7 353.3 481.5
Growth −4.8% −0.8% +111.0% −5.2% −13.2% +42.1% +43.9% −37.0% +36.3%
Operating income 14.0 3.8 −8.0 161.1 116.1 92.4 198.4 328.8 112.6 210.2
Net income −1.4 −20.4 −50.9 111.8 92.6 71.9 172.4 307.4 90.2 193.7
Growth −17.2% −22.3% +139.7% +78.3% −70.7% +114.8%
EPS, diluted −0.03 −0.38 −0.93 2.07 1.86 1.78 4.29 7.60 2.14 4.54
Growth −10.1% −4.3% +141.0% +77.2% −71.8% +112.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Operating margin8.4%Net margin−0.9%Free cash flow margin30.0%Fiscal year 2018Operating margin2.4%Net margin−12.8%Free cash flow margin35.7%Fiscal year 2019Operating margin−5.0%Net margin−32.2%Free cash flow margin3.1%Fiscal year 2020Operating margin48.3%Net margin33.5%Free cash flow margin44.7%Fiscal year 2021Operating margin36.7%Net margin29.3%Free cash flow margin51.0%Fiscal year 2022Operating margin33.7%Net margin26.2%Free cash flow margin34.8%Fiscal year 2023Operating margin50.9%Net margin44.2%Free cash flow margin39.8%Fiscal year 2024Operating margin58.6%Net margin54.8%Fiscal year 2025Operating margin31.9%Net margin25.5%Fiscal year 2026Operating margin43.6%Net margin40.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating margin 8.4% 2.4% −5.0% 48.3% 36.7% 33.7% 50.9% 58.6% 31.9% 43.6%
Net margin −0.9% −12.8% −32.2% 33.5% 29.3% 26.2% 44.2% 54.8% 25.5% 40.2%
Free cash flow margin 30.0% 35.7% 3.1% 44.7% 51.0% 34.8% 39.8% n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow52.1Capital expenditure−1.9Free cash flow50.2Buybacks−13.0Fiscal year 2018Operating cash flow57.2Capital expenditure−0.3Free cash flow57.0 +13.5%Buybacks−1.2Fiscal year 2019Operating cash flow8.9Capital expenditure−4.0Free cash flow4.9 −91.4%Buybacks−1.3Fiscal year 2020Operating cash flow169.0Capital expenditure−19.9Free cash flow149.2 +2,937.4%Buybacks−50.6Fiscal year 2021Operating cash flow170.6Capital expenditure−9.5Free cash flow161.1 +8.0%Buybacks−126.3Fiscal year 2022Operating cash flow118.7Capital expenditure−23.2Free cash flow95.5 −40.7%Buybacks−21.4Dividends paid−80.1Fiscal year 2023Operating cash flow224.1Capital expenditure−68.8Free cash flow155.3 +62.6%Buybacks−1.7Dividends paid−220.6Fiscal year 2024Operating cash flow388.4Buybacks−3.9Dividends paid−162.3Fiscal year 2025Operating cash flow173.0Buybacks−6.3Dividends paid−156.4Fiscal year 2026Operating cash flow210.1Buybacks−7.0Dividends paid−105.0
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 52.1 57.2 8.9 169.0 170.6 118.7 224.1 388.4 173.0 210.1
Capital expenditure −1.9 −0.3 −4.0 −19.9 −9.5 −23.2 −68.8 n/a n/a n/a
Free cash flow 50.2 57.0 4.9 149.2 161.1 95.5 155.3 n/a n/a n/a
Growth +13.5% −91.4% +2,937.4% +8.0% −40.7% +62.6%
Buybacks −13.0 −1.2 −1.3 −50.6 −126.3 −21.4 −1.7 −3.9 −6.3 −7.0
Dividends paid n/a n/a n/a n/a n/a −80.1 −220.6 −162.3 −156.4 −105.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash17.0Total debt750.0Net cash (debt)−732.9Shareholders’ equity976.0Debt to equity0.77Fiscal year 2018Cash103.5Total debt759.1Net cash (debt)−655.6Shareholders’ equity959.4Debt to equity0.79Fiscal year 2019Cash30.8Total debt696.1Net cash (debt)−665.3Shareholders’ equity912.7Debt to equity0.76Fiscal year 2020Cash48.4Total debt635.0Net cash (debt)−586.6Shareholders’ equity977.1Debt to equity0.65Fiscal year 2021Cash79.3Total debt591.5Net cash (debt)−512.1Shareholders’ equity946.8Debt to equity0.62Fiscal year 2022Cash236.8Total debt662.8Net cash (debt)−426.0Shareholders’ equity920.2Debt to equity0.72Fiscal year 2023Cash148.8Total debt657.4Net cash (debt)−508.6Shareholders’ equity873.8Debt to equity0.75Fiscal year 2024Cash282.5Total debt605.1Net cash (debt)−322.6Shareholders’ equity1,023.5Debt to equity0.59Fiscal year 2025Cash316.9Total debt553.3Net cash (debt)−236.4Shareholders’ equity1,046.1Debt to equity0.53Fiscal year 2026Cash327.4Total debt560.4Net cash (debt)−233.0Shareholders’ equity1,139.0Debt to equity0.49
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 17.0 103.5 30.8 48.4 79.3 236.8 148.8 282.5 316.9 327.4
Total debt 750.0 759.1 696.1 635.0 591.5 662.8 657.4 605.1 553.3 560.4
Net cash (debt) −732.9 −655.6 −665.3 −586.6 −512.1 −426.0 −508.6 −322.6 −236.4 −233.0
Shareholders’ equity 976.0 959.4 912.7 977.1 946.8 920.2 873.8 1,023.5 1,046.1 1,139.0
Debt to equity 0.77 0.79 0.76 0.65 0.62 0.72 0.75 0.59 0.53 0.49

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Mar 2017 FY2018 31 Mar 2018 FY2019 31 Mar 2019 FY2020 31 Mar 2020 FY2021 31 Mar 2021 FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Revenue and profit
167.4 159.3 158.0 333.4 315.9 274.2 389.7 560.7 353.3 481.5
Growth −4.8% −0.8% +111.0% −5.2% −13.2% +42.1% +43.9% −37.0% +36.3%
21.7 26.2 24.4 23.4 33.9 30.2 32.1 39.0 42.6 53.0
14.0 3.8 −8.0 161.1 116.1 92.4 198.4 328.8 112.6 210.2
Growth −72.5% −307.3% −27.9% −20.4% +114.7% +65.8% −65.7% +86.6%
−1.4 −20.4 −50.9 111.8 92.6 71.9 172.4 307.4 90.2 193.7
Growth −17.2% −22.3% +139.7% +78.3% −70.7% +114.8%
Per share
−0.03 −0.38 −0.93 2.08 1.86 1.79 4.31 7.63 2.14 4.55
−0.03 −0.38 −0.93 2.07 1.86 1.78 4.29 7.60 2.14 4.54
Growth −10.1% −4.3% +141.0% +77.2% −71.8% +112.1%
54.1 54.0 54.5 53.9 49.7 40.2 40.0 40.3 42.1 42.5
54.1 54.0 54.5 54.1 49.8 40.4 40.2 40.5 42.2 42.6
Growth −0.1% +0.9% −0.7% −7.9% −19.0% −0.4% +0.6% +4.4% +0.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 8.8% a year over five years, and earnings per share grew 19.5% a year.
  • The diluted share count fell 14.5% in five years, so buybacks did some of the work per share.
  • Operating margin is up 6.9 points on five years ago, at 43.6%.
  • A net loss in 3 of 10 years on file.