Dorian LPG Ltd. (LPG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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LPG Revenue Growth
Revenue Breakdown (FY 2023)
LPG's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
LPG Revenue Analysis (2014–2025)
As of May 8, 2026, Dorian LPG Ltd. (LPG) generated trailing twelve-month (TTM) revenue of $400.7 million, reflecting explosive growth of +48.7% year-over-year. The most recent quarter (Q3 2026) recorded $120.0 million in revenue, down 0.5% sequentially.
Looking at the longer-term picture, LPG's 5-year compound annual growth rate (CAGR) stands at +1.2%, indicating moderate growth over time. The company achieved its highest annual revenue of $560.7 million in 2024.
Revenue diversification analysis shows LPG's business 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 maintains significant focus in this area while developing other growth vectors.
When 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 terms of 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 | $401M | +48.7% | +1.2% | 31.9% | |
 NVGS | $587M | -1.3% | +12.0% | 23.9% | |
 CLCO | $323M | -1.7% | - | 50.5% | |
 STNG | $938M | -2.8% | +0.5% | 33.0% | |
 INSW | $843M | -21.5% | +14.9% | 36.3% | |
 TNK | $952M | -26.3% | +1.4% | 22.6% |
LPG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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Start ComparisonLPG — Frequently Asked Questions
Quick answers to the most common questions about buying LPG stock.
Is LPG's revenue growth accelerating or slowing?
LPG revenue is accelerating at +48.7% year-over-year, exceeding the 5-year CAGR of +1.2%. TTM revenue reached $401M. Growth momentum has increased versus prior periods.
What is LPG's long-term revenue growth rate?
Dorian LPG Ltd.'s 5-year revenue CAGR of +1.2% reflects the sustained expansion pattern. Current YoY growth of +48.7% is above this long-term average.
How is LPG's revenue distributed by segment?
LPG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.