Oil & Gas Midstream
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NVGS vs BWLP vs DLNG vs FLNG
Revenue, margins, valuation, and 5-year total return — side by side.
Marine Shipping
Oil & Gas Midstream
Oil & Gas Midstream
NVGS vs BWLP vs DLNG vs FLNG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Oil & Gas Midstream | Marine Shipping | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $1.49B | $3.06B | $140M | $1.74B |
| Revenue (TTM) | $576M | $3.63B | $158M | $348M |
| Net Income (TTM) | $109M | $242M | $60M | $75M |
| Gross Margin | 35.9% | 15.9% | 53.4% | 52.9% |
| Operating Margin | 25.1% | 8.9% | 48.0% | 50.6% |
| Forward P/E | 14.1x | 7.6x | 3.3x | 18.5x |
| Total Debt | $903M | $990M | $321M | $1.85B |
| Cash & Equiv. | $205M | $242M | $68M | $448M |
NVGS vs BWLP vs DLNG vs FLNG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Navigator Holdings … (NVGS) | 100 | 326.7 | +226.7% |
| BW LPG Limited (BWLP) | 100 | 575.6 | +475.6% |
| Dynagas LNG Partner… (DLNG) | 100 | 237.0 | +137.0% |
| FLEX LNG Ltd. (FLNG) | 100 | 700.9 | +600.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NVGS vs BWLP vs DLNG vs FLNG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NVGS is the clearest fit if your priority is growth exposure and valuation efficiency.
- Rev growth 3.6%, EPS growth 23.5%, 3Y rev CAGR 7.4%
- PEG 0.09 vs FLNG's 0.33
- 3.6% revenue growth vs DLNG's -2.5%
BWLP is the #2 pick in this set and the best alternative if long-term compounding is your priority.
- 451.1% 10Y total return vs FLNG's 240.5%
- +123.6% vs DLNG's +12.5%
- 7.3% ROA vs FLNG's 2.9%, ROIC 8.4% vs 6.1%
DLNG carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 1 yrs, beta 0.00, yield 10.5%
- Lower volatility, beta 0.00, Low D/E 66.2%, current ratio 0.93x
- Lower P/E (3.3x vs 18.5x)
- 37.9% margin vs BWLP's 6.7%
FLNG is the clearest fit if your priority is defensive.
- Beta 0.15, yield 9.3%, current ratio 3.03x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 3.6% revenue growth vs DLNG's -2.5% | |
| Value | Lower P/E (3.3x vs 18.5x) | |
| Quality / Margins | 37.9% margin vs BWLP's 6.7% | |
| Stability / Safety | Beta 0.00 vs BWLP's 0.85 | |
| Dividends | 10.5% yield, 1-year raise streak, vs FLNG's 9.3% | |
| Momentum (1Y) | +123.6% vs DLNG's +12.5% | |
| Efficiency (ROA) | 7.3% ROA vs FLNG's 2.9%, ROIC 8.4% vs 6.1% |
NVGS vs BWLP vs DLNG vs FLNG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
NVGS vs BWLP vs DLNG vs FLNG — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
DLNG leads in 3 of 6 categories
BWLP leads 1 • NVGS leads 0 • FLNG leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
DLNG leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BWLP is the larger business by revenue, generating $3.6B annually — 22.9x DLNG's $158M. DLNG is the more profitable business, keeping 37.9% of every revenue dollar as net income compared to BWLP's 6.7%. On growth, DLNG holds the edge at -0.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $576M | $3.6B | $158M | $348M |
| EBITDAEarnings before interest/tax | $271M | $581M | $108M | $252M |
| Net IncomeAfter-tax profit | $109M | $242M | $60M | $75M |
| Free Cash FlowCash after capex | $141M | $387M | $103M | $133M |
| Gross MarginGross profit ÷ Revenue | +35.9% | +15.9% | +53.4% | +52.9% |
| Operating MarginEBIT ÷ Revenue | +25.1% | +8.9% | +48.0% | +50.6% |
| Net MarginNet income ÷ Revenue | +18.8% | +6.7% | +37.9% | +21.5% |
| FCF MarginFCF ÷ Revenue | +24.4% | +10.7% | +65.0% | +38.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -7.1% | -13.2% | -0.5% | -3.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +38.5% | +2.1% | +24.4% | -52.4% |
Valuation Metrics
DLNG leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 3.7x trailing earnings, DLNG trades at a 84% valuation discount to FLNG's 23.4x P/E. Adjusting for growth (PEG ratio), NVGS offers better value at 0.10x vs FLNG's 0.42x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $1.5B | $3.1B | $140M | $1.7B |
| Enterprise ValueMkt cap + debt − cash | $2.2B | $3.8B | $392M | $3.1B |
| Trailing P/EPrice ÷ TTM EPS | 15.56x | 12.32x | 3.66x | 23.36x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.12x | 7.60x | 3.31x | 18.53x |
| PEG RatioP/E ÷ EPS growth rate | 0.10x | — | — | 0.42x |
| EV / EBITDAEnterprise value multiple | 7.97x | 6.67x | 3.58x | 12.46x |
| Price / SalesMarket cap ÷ Revenue | 2.54x | 0.83x | 0.89x | 5.02x |
| Price / BookPrice ÷ Book value/share | 1.24x | 1.59x | 0.29x | 2.42x |
| Price / FCFMarket cap ÷ FCF | 22.65x | 8.58x | 1.52x | 12.93x |
Profitability & Efficiency
DLNG leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
DLNG delivers a 12.7% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $9 for NVGS. BWLP carries lower financial leverage with a 0.51x debt-to-equity ratio, signaling a more conservative balance sheet compared to FLNG's 2.57x. On the Piotroski fundamental quality scale (0–9), DLNG scores 9/9 vs FLNG's 4/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +8.7% | +12.6% | +12.7% | +10.4% |
| ROA (TTM)Return on assets | +4.7% | +7.3% | +7.3% | +2.9% |
| ROICReturn on invested capital | +5.7% | +8.4% | +7.6% | +6.1% |
| ROCEReturn on capital employed | +7.2% | +11.3% | +12.8% | +7.1% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 | 9 | 4 |
| Debt / EquityFinancial leverage | 0.72x | 0.51x | 0.66x | 2.57x |
| Net DebtTotal debt minus cash | $698M | $748M | $253M | $1.4B |
| Cash & Equiv.Liquid assets | $205M | $242M | $68M | $448M |
| Total DebtShort + long-term debt | $903M | $990M | $321M | $1.8B |
| Interest CoverageEBIT ÷ Interest expense | 2.88x | 5.93x | 3.87x | 1.81x |
Total Returns (Dividends Reinvested)
BWLP leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BWLP five years ago would be worth $42,814 today (with dividends reinvested), compared to $14,931 for DLNG. Over the past 12 months, BWLP leads with a +123.6% total return vs DLNG's +12.5%. The 3-year compound annual growth rate (CAGR) favors BWLP at 58.4% vs FLNG's 8.4% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +32.2% | +66.7% | +4.6% | +33.7% |
| 1-Year ReturnPast 12 months | +74.9% | +123.6% | +12.5% | +47.0% |
| 3-Year ReturnCumulative with dividends | +82.1% | +297.1% | +62.8% | +27.6% |
| 5-Year ReturnCumulative with dividends | +100.5% | +328.1% | +49.3% | +293.5% |
| 10-Year ReturnCumulative with dividends | +60.0% | +451.1% | -33.0% | +240.5% |
| CAGR (3Y)Annualised 3-year return | +22.1% | +58.4% | +17.6% | +8.4% |
Risk & Volatility
Evenly matched — NVGS and DLNG each lead in 1 of 2 comparable metrics.
Risk & Volatility
DLNG is the less volatile stock with a 0.00 beta — it tends to amplify market swings less than BWLP's 0.85 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NVGS currently trades 98.5% from its 52-week high vs DLNG's 86.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.63x | 0.85x | 0.00x | 0.15x |
| 52-Week HighHighest price in past year | $23.22 | $20.74 | $4.45 | $33.40 |
| 52-Week LowLowest price in past year | $12.91 | $9.95 | $3.40 | $21.72 |
| % of 52W HighCurrent price vs 52-week peak | +98.5% | +97.4% | +86.3% | +96.5% |
| RSI (14)Momentum oscillator 0–100 | 75.0 | 63.7 | 40.9 | 57.0 |
| Avg Volume (50D)Average daily shares traded | 452K | 409K | 101K | 617K |
Analyst Outlook
Evenly matched — NVGS and DLNG and FLNG each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: NVGS as "Buy", DLNG as "Hold", FLNG as "Hold". Consensus price targets imply 17.2% upside for DLNG (target: $5) vs -25.6% for FLNG (target: $24). For income investors, DLNG offers the higher dividend yield at 10.46% vs NVGS's 0.95%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | — | Hold | Hold |
| Price TargetConsensus 12-month target | $23.00 | — | $4.50 | $24.00 |
| # AnalystsCovering analysts | 10 | — | 16 | 2 |
| Dividend YieldAnnual dividend ÷ price | +0.9% | +6.7% | +10.5% | +9.3% |
| Dividend StreakConsecutive years of raises | 2 | 0 | 1 | 2 |
| Dividend / ShareAnnual DPS | $0.22 | $1.35 | $0.40 | $3.00 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.2% | +1.5% | +0.2% | 0.0% |
DLNG leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). BWLP leads in 1 (Total Returns). 2 tied.
NVGS vs BWLP vs DLNG vs FLNG: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is NVGS or BWLP or DLNG or FLNG a better buy right now?
For growth investors, Navigator Holdings Ltd.
(NVGS) is the stronger pick with 3. 6% revenue growth year-over-year, versus -2. 5% for Dynagas LNG Partners LP (DLNG). Dynagas LNG Partners LP (DLNG) offers the better valuation at 3. 7x trailing P/E (3. 3x forward), making it the more compelling value choice. Analysts rate Navigator Holdings Ltd. (NVGS) a "Buy" — based on 10 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NVGS or BWLP or DLNG or FLNG?
On trailing P/E, Dynagas LNG Partners LP (DLNG) is the cheapest at 3.
7x versus FLEX LNG Ltd. at 23. 4x. On forward P/E, Dynagas LNG Partners LP is actually cheaper at 3. 3x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Navigator Holdings Ltd. wins at 0. 09x versus FLEX LNG Ltd. 's 0. 33x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — NVGS or BWLP or DLNG or FLNG?
Over the past 5 years, BW LPG Limited (BWLP) delivered a total return of +328.
1%, compared to +49. 3% for Dynagas LNG Partners LP (DLNG). Over 10 years, the gap is even starker: BWLP returned +451. 1% versus DLNG's -33. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NVGS or BWLP or DLNG or FLNG?
By beta (market sensitivity over 5 years), Dynagas LNG Partners LP (DLNG) is the lower-risk stock at 0.
00β versus BW LPG Limited's 0. 85β — meaning BWLP is approximately 17631% more volatile than DLNG relative to the S&P 500. On balance sheet safety, BW LPG Limited (BWLP) carries a lower debt/equity ratio of 51% versus 3% for FLEX LNG Ltd. — giving it more financial flexibility in a downturn.
05Which is growing faster — NVGS or BWLP or DLNG or FLNG?
By revenue growth (latest reported year), Navigator Holdings Ltd.
(NVGS) is pulling ahead at 3. 6% versus -2. 5% for Dynagas LNG Partners LP (DLNG). On earnings-per-share growth, the picture is similar: Dynagas LNG Partners LP grew EPS 59. 1% year-over-year, compared to -37. 9% for BW LPG Limited. Over a 3-year CAGR, BWLP leads at 34. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NVGS or BWLP or DLNG or FLNG?
Dynagas LNG Partners LP (DLNG) is the more profitable company, earning 33.
0% net margin versus 6. 8% for BW LPG Limited — meaning it keeps 33. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FLNG leads at 50. 6% versus 8. 3% for BWLP. At the gross margin level — before operating expenses — DLNG leads at 55. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NVGS or BWLP or DLNG or FLNG more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Navigator Holdings Ltd. (NVGS) is the more undervalued stock at a PEG of 0. 09x versus FLEX LNG Ltd. 's 0. 33x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Dynagas LNG Partners LP (DLNG) trades at 3. 3x forward P/E versus 18. 5x for FLEX LNG Ltd. — 15. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DLNG: 17. 2% to $4. 50.
08Which pays a better dividend — NVGS or BWLP or DLNG or FLNG?
All stocks in this comparison pay dividends.
Dynagas LNG Partners LP (DLNG) offers the highest yield at 10. 5%, versus 0. 9% for Navigator Holdings Ltd. (NVGS).
09Is NVGS or BWLP or DLNG or FLNG better for a retirement portfolio?
For long-horizon retirement investors, FLEX LNG Ltd.
(FLNG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 15), 9. 3% yield, +240. 5% 10Y return). Both have compounded well over 10 years (FLNG: +240. 5%, NVGS: +60. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NVGS and BWLP and DLNG and FLNG?
These companies operate in different sectors (NVGS (Energy) and BWLP (Industrials) and DLNG (Energy) and FLNG (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: NVGS is a small-cap deep-value stock; BWLP is a small-cap deep-value stock; DLNG is a small-cap deep-value stock; FLNG is a small-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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