Dorian LPG Ltd. (LPG) Revenue History
Annual and quarterly revenue from 2013 to present
LPG Revenue Over Time (2013–2026)
LPG Revenue Growth History
6 of 13 years with positive growth- FY2013 revenue growth
- N/A
- FY2014 revenue growth
- -23.4%
- FY2015 revenue growth
- +251.4%
- FY2016 revenue growth
- +177.7%
- FY2017 revenue growth
- -42.1%
- FY2018 revenue growth
- -4.8%
- FY2019 revenue growth
- -0.8%
- FY2020 revenue growth
- +111.0%
- FY2021 revenue growth
- -5.2%
- FY2022 revenue growth
- -13.2%
- FY2023 revenue growth
- +42.1%
- FY2024 revenue growth
- +43.9%
- FY2025 revenue growth
- -37.0%
- FY2026 revenue growth
- +36.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2026 | $153.3M | +102.0% |
| Q3 2026 | $120.0M | +48.7% |
| Q2 2026 | $120.6M | +46.3% |
| Q1 2026 | $84.2M | -26.4% |
| Q4 2025 | $75.9M | -46.3% |
| Q3 2025 | $80.7M | -50.5% |
| Q2 2025 | $82.4M | -43.0% |
| Q1 2025 | $114.4M | +2.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2023)
LPG's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
LPG Revenue Analysis (2013–2026)
Current Revenue & Growth
As of June 22, 2026, Dorian LPG Ltd. (LPG) generated trailing twelve-month (TTM) revenue of $478.1 million, reflecting explosive growth of +102.0% year-over-year. The most recent quarter (Q4 2026) recorded $153.3 million in revenue, up 27.8% sequentially.
Historical Growth Trajectory
LPG's 5-year compound annual growth rate (CAGR) stands at +8.8%, indicating steady revenue expansion. The 3-year CAGR of +7.3% is below the 5-year average, signalling a growth deceleration in recent years. Dorian LPG Ltd.'s highest annual revenue of $560.7 million was recorded in 2024.
Revenue by Segment
LPG's revenue is primarily driven by Net pool revenues - related party (94%), Time charter revenues (6%), and Other revenue, net (1%). With over half of revenue concentrated in Net pool revenues - related party, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Energy sector peers — including NVGS (-1.3% YoY), CLCO (-1.7% YoY), and STNG (-2.8% YoY) — LPG has outperformed the peer group in revenue growth. Compare LPG vs NVGS →
LPG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LPGCurrent | $478M | +102.0% | +8.8% | 43.1% | |
 NVGS | $587M | -1.3% | +12.0% | 23.9% | |
 CLCO | $323M | -1.7% | - | 50.5% | |
 STNG | $938M | -2.8% | +0.5% | 33.0% | |
 INSW | $843M | +14.5% | +14.9% | 36.3% | |
 TNK | $952M | -12.8% | +1.4% | 22.6% |
LPG Historical Revenue Data (2013–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $481.5M | +36.3% | $260.5M | 54.1% | $207.5M | 43.1% |
| 2025 | $353.3M | -37.0% | $152.7M | 43.2% | $112.6M | 31.9% |
| 2024 | $560.7M | +43.9% | $365.2M | 65.1% | $328.8M | 58.6% |
| 2023 | $389.7M | +42.1% | $228.0M | 58.5% | $198.4M | 50.9% |
| 2022 | $274.2M | -13.2% | $113.0M | 41.2% | $92.4M | 33.7% |
| 2021 | $315.9M | -5.2% | $147.7M | 46.8% | $116.1M | 36.7% |
| 2020 | $333.4M | +111.0% | $182.6M | 54.8% | $161.1M | 48.3% |
| 2019 | $158.0M | -0.8% | $24.0M | 15.2% | $-7,962,036 | -5.0% |
| 2018 | $159.3M | -4.8% | $27.5M | 17.2% | $3.8M | 2.4% |
| 2017 | $167.4M | -42.1% | $33.3M | 19.9% | $14.0M | 8.4% |
| 2016 | $289.2M | +177.7% | $187.4M | 64.8% | $158.4M | 54.8% |
| 2015 | $104.1M | +251.4% | $46.7M | 44.8% | $30.1M | 28.9% |
| 2014 | $29.6M | -23.4% | $7.9M | 26.8% | $4.4M | 14.8% |
| 2013 | $38.7M | - | $17.4M | 44.9% | $3.4M | 8.7% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
13+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
LPG — Frequently Asked Questions
Quick answers to the most common questions about buying LPG stock.
Is LPG's revenue growth accelerating or slowing?
LPG revenue growth is accelerating. TTM revenue reached $478M, up +102.0% year-over-year — ahead of the 5-year CAGR of +8.8%. This indicates the business is expanding faster than its historical baseline.
What is LPG's revenue history from 2013 to 2026?
Dorian LPG Ltd. (LPG) revenue history spans 2013 to 2026. TTM revenue as of 2026 is $478M, growing at +102.0% YoY. The 5-year CAGR is +8.8%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is LPG's long-term revenue growth rate (CAGR)?
Dorian LPG Ltd.'s 5-year revenue CAGR of +8.8% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +102.0% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for LPG.
Why does LPG's quarterly revenue fluctuate?
LPG quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Dorian LPG Ltd.'s revenue data from 2013 to 2026 shows full historical quarterly detail on this page.
How is LPG's revenue distributed by segment?
LPG reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does LPG's revenue compare to industry peers?
Dorian LPG Ltd. (LPG) with TTM revenue of $478M and +102.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.