BW LPG Limited (BWLP) Revenue History
Annual and quarterly revenue from 2016 to 2025
Compound Annual Growth Rate (CAGR)
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BWLP Revenue Growth
Revenue Breakdown (FY 2024)
BWLP's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
BWLP Revenue Analysis (2016–2025)
As of May 8, 2026, BW LPG Limited (BWLP) generated trailing twelve-month (TTM) revenue of $3.63 billion, reflecting significant decline in growth of -13.2% year-over-year. The most recent quarter (Q4 2025) recorded $732.7 million in revenue, down 22.4% sequentially.
Looking at the longer-term picture, BWLP's 5-year compound annual growth rate (CAGR) stands at +32.8%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $3.69 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows BWLP's business is primarily driven by Cargo Sales (72%), Spot Voyages (22%), and Time Charter (5%). With over half of revenue concentrated in Cargo Sales, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including DLNG (+4.3% YoY), FLNG (-2.4% YoY), and STNG (-2.8% YoY), BWLP has underperformed the peer group in terms of revenue growth. Compare BWLP vs DLNG →
BWLP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BWLPCurrent | $3.6B | -13.2% | +32.8% | 8.3% | |
 DLNG | $156M | +4.3% | +3.6% | 49.5% | |
 FLNG | $348M | -2.4% | +16.1% | 50.6% | |
 STNG | $938M | -2.8% | +0.5% | 33.0% | |
 INSW | $843M | -21.5% | +14.9% | 36.3% | |
 TNK | $952M | -26.3% | +1.4% | 22.6% |
BWLP Historical Revenue Data (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.69B | +3.5% | $532.2M | 14.4% | $307.1M | 8.3% |
| 2024 | $3.56B | +20.9% | $683.3M | 19.2% | $433.7M | 12.2% |
| 2023 | $2.95B | +92.9% | $514.9M | 17.5% | $523.7M | 17.8% |
| 2022 | $1.53B | +26.4% | $400.3M | 26.2% | $242.1M | 15.8% |
| 2021 | $1.21B | +35.5% | $299.7M | 24.8% | $147.2M | 12.2% |
| 2020 | $892.5M | +9.0% | $437.9M | 49.1% | $274.8M | 30.8% |
| 2019 | $818.6M | +66.9% | $421.7M | 51.5% | $270.8M | 33.1% |
| 2018 | $490.4M | -1.3% | $188.2M | 38.4% | $3.2M | 0.7% |
| 2017 | $497.0M | +0.6% | $210.3M | 42.3% | $-7,511,002 | -1.5% |
| 2016 | $494.2M | - | $299.7M | 60.7% | $108.8M | 22.0% |
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Start ComparisonBWLP — Frequently Asked Questions
Quick answers to the most common questions about buying BWLP stock.
Is BWLP's revenue growth accelerating or slowing?
BWLP revenue declined -13.2% year-over-year, contrasting with the 5-year CAGR of +32.8%. TTM revenue fell to $3.6B. This reverses the prior growth trend.
What is BWLP's long-term revenue growth rate?
BW LPG Limited's 5-year revenue CAGR of +32.8% reflects the variable expansion pattern. Current YoY growth of -13.2% is below this long-term average.
How is BWLP's revenue distributed by segment?
BWLP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2025 are available for download. Segment mix reveals concentration and diversification trends.