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Unless otherwise indicated, references to "Dorian," the "Company," "we," "our," "us," or similar terms refer to Dorian LPG Ltd. and its subsidiaries. We use the term "VLGC" to refer to very large gas carriers and VLGC/AC to refer to very large gas carriers that are purpose built to transport full ammonia cargoes in addition to LPG.
43.65% operating margin is above average. ROIC at 9.21%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 36.3% YoY with margins expanding 11.8pp.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$482M
▲ +36.3% YoY
Net Income (TTM)
$194M
▲ +114.8% YoY
Op. Margin
43.65%
▲ +11.8pp YoY
ROIC
9.21%
▲ +4.2pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$210M
▲ +21.5% YoY
Net Debt
$382M
Cash & Equiv.
$327M
5Y CAGR: +8.8%
5Y CAGR: +22.2%
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