Dorian Lpg Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Dorian Lpg Ltd (LPG) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Dorian Lpg Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 585M vs -M combined for tracked competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+28.4% annualized vs trailing 12 months).
- Scale: Dorian Lpg Ltd ranks #14 of 57 companies by market capitalization in the Marine Transportation industry, holding 2.1% of industry market cap.
- Peer revenue share: Dorian Lpg Ltd accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
- Peer differentiation: Revenue per employee of $1.01M compares with $0.78M for the peer group (1.3x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
LPG Sales vs. its Competitors, Q1 2026
Dorian Lpg Ltd generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
For context: the Marine Transportation industry grew revenue 2.3% year over year, combined, vs 123.1% for Dorian Lpg Ltd. Dorian Lpg Ltd's share of combined industry revenue moved from 0.19% to 0.42%, a gain of 0.23 percentage points.
Dorian Lpg Ltd's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Dorian Lpg Ltd | Yes | Yes | Yes | - |
| Competitors combined (14) | ||||
| High-Confidence Competitors (2) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 20.00 % (1 of 5) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
LPG Stock Performance relative to its Competitors
LPG Stock Performance relative to High-Confidence Competitors
LPG Stock Performance relative to Similar-Size Competitors
LPG Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Nordic American Tankers Ltd | 282.9% | Outperformed |
| 2 | Frontline Plc | 282.9% | Outperformed |
| 3 | Teekay Tankers Ltd | 282.9% | Outperformed |
| 4 | Sfl Corporation Ltd | 282.9% | Outperformed |
| 5 | Teekay Corporation Ltd | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Dorian Lpg Ltd's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Dorian Lpg Ltd's Comment on Competition and Industry Peers
Publicly Traded Peers of Dorian Lpg Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Dorian Lpg Ltd | 2,322.89 | 585.18 |
| Frontline Plc | 5,354.08 | 1,971.17 |
| Golar Lng Limited | 5,342.21 | 393.52 |
| Teekay Tankers Ltd | 3,328.36 | 951.80 |
| Sfl Corporation Ltd | 1,707.21 | 733.04 |
| Nordic American Tankers Ltd | 1,649.54 | 291.69 |
| SUBTOTAL | 24,919.59 | 8,214.28 |
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Sources: Dorian Lpg Ltd's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Dorian Lpg Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Dorian Lpg Ltd's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| NVGS | Named by the company | 85% |
| BWLPG | Named by the company | 85% |
| Bw Lpg Ltd | Named by the company | 85% |
| Helios Pool | Named by the company | 85% |
| Avance | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Dorian Lpg Ltd's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Dorian Lpg Ltd's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Golar Lng Limited | FLNG 93.19 % |
| Teekay Tankers Ltd | Tankers 86.57 % |
| Teekay Corporation Ltd | Tankers 86.78 % |
| Top Ships Inc | Tanker Segment 94.59 % |
| Seapeak Llc | LNG 82.03 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Dorian Lpg Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Dorian Lpg Ltd | 2,323 | 1,014,184 | 557,832 |
| Frontline Plc | 5,354 | 25,599,649 | 4,923,130 |
| Golar Lng Limited | 5,342 | 504,515 | 144,328 |
| Teekay Tankers Ltd | 3,328 | 38,071,880 | 14,047,440 |
| Sfl Corporation Ltd | 1,707 | 30,543,375 | -1,101,292 |
| Nordic American Tankers Ltd | 1,650 | 10,058,276 | 423,138 |
| PEERS TOTAL | 22,597 | 781,190 | 168,244 |
Dorian Lpg Ltd's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Singularity Future Technology Ltd | CN 100.00 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Dorian Lpg Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 55 companies in Dorian Lpg Ltd's industry classification, broader than the peer set above. Market cap in millions of $.Dorian Lpg Ltd ranks #14 of 55 companies by market capitalization in its industry, holding 2.15 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 980, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Expeditors International Of Washington Inc | 24,521 | 22.38 % |
| 2 | C h Robinson Worldwide Inc | 17,448 | 15.93 % |
| 3 | Frontline Plc | 10,823 | 9.88 % |
| 4 | Cmb tech Nv | 4,404 | 4.02 % |
| 5 | Brink s Co | 1,234 | 5.2% |
| 6 | Scorpio Tankers Inc | 1,234 | 5.2% |
| 7 | Torm Plc | 1,234 | 5.2% |
| 8 | Zim Integrated Shipping Services Ltd | 1,234 | 5.2% |
| 9 | Dht Holdings Inc | 1,234 | 5.2% |
| 10 | Star Bulk Carriers Corp | 1,234 | 5.2% |
| 14 | Dorian Lpg Ltd | 2,353 | 2.15 % |
Market cap and industry share for the rest of Dorian Lpg Ltd's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Dorian Lpg Ltd's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 9 | Dht Holdings Inc | 3,551 | 78.00 % |
| 10 | Star Bulk Carriers Corp | 3,395 | 51.91 % |
| 11 | Danaos Corporation | 2,857 | 66.34 % |
| 12 | Navios Maritime Partners L p | 2,675 | 92.70 % |
| 13 | Okeanis Eco Tankers Corp | 1,234 | 12.3% |
| 14 | Dorian Lpg Ltd | 2,353 | 75.01 % |
| 15 | Costamare Inc | 1,234 | 12.3% |
| 16 | Sfl Corporation Ltd | 1,234 | 12.3% |
| 17 | Global Ship Lease Inc | 1,234 | 12.3% |
| 18 | Navigator Holdings Ltd | 1,234 | 12.3% |
| 19 | Tsakos Energy Navigation Limited | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Dorian Lpg Ltd's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Dorian Lpg Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Marine Transportation industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (65 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 47.92 % (avg) | - |
| Operating Margin | 57.63 % | industry median | +49.7 pp |
| EBITDA Margin | 66.48 % | 22.53 % (avg) | +44.0 pp |
| Capital Intensity (Capex / Revenue) | - | 15.33 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Dorian Lpg Ltd's Valuation vs Competitive Position
Valuation multiples vs the Marine Transportation industry average (65 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 5.5x | 11.0x | -5.5x |
| EV / EBITDA | 5.4x | 7.1x | -1.7x |
| P/B | 1.6x | 1.2x | +0.4x |
| Return on Equity | 28.44 % | industry aggregate | 4.45 % |
| Return on Invested Capital | 11.53 % | 4.43 % (avg) | 7.10 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Dorian Lpg Ltd's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -3.15 % | 67.71 % | 14.25 % | -5.56 % | 14.10 % | 64.72 % | -24.25 % | -3.51 % |
| Operating Margin | -2.15 % | 39.42 % | 38.38 % | 34.40 % | 45.30 % | 59.72 % | 43.05 % | 34.87 % |
| Return on Invested Capital | -0.14 % | 4.31 % | 4.59 % | 4.24 % | 6.57 % | 12.84 % | 6.08 % | 4.99 % |
| P/E | - | 11.7x | 7.4x | 7.0x | 5.7x | 5.5x | 6.4x | 9.2x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Dorian Lpg Ltd's Strategic Group Map
Every company in Dorian Lpg Ltd's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Dorian Lpg Ltd is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Dorian Lpg Ltd's BCG Growth-Share Matrix
Relative market share (vs Dorian Lpg Ltd's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Dorian Lpg Ltd falls in the Dog quadrant: relative market share of 0.10x vs its largest competitor, in an industry growing revenue -0.1% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Dorian Lpg Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 980 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Dorian Lpg Ltd's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Dorian Lpg Ltd's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Dorian Lpg Ltd's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Dorian Lpg Ltd falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Dorian Lpg Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 49.7 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+28.4% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.10x).
Opportunities
- Trades at a lower P/E than the industry average (5.5x vs 11.0x) despite a higher return on invested capital -- a possible re-rating opportunity.
- A meaningful share of tracked competitors (42.90 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Dorian Lpg Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Dorian Lpg Ltd | 2.05 | 3.16 | 0.56 |
| Frontline Plc | 0.51 | 1.43 | 1.09 |
| Golar Lng Limited | 2.12 | 2.55 | 1.66 |
| Teekay Tankers Ltd | 6.14 | 7.98 | - |
| Sfl Corporation Ltd | 0.21 | 0.36 | 3.32 |
| Nordic American Tankers Ltd | 0.68 | 2.24 | 0.95 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Dorian Lpg Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Dorian Lpg Ltd | Q2 2026 | +123.1 % | +1,271.6 % |
| Frontline Plc | Q4 2025 | -8.8 % | -23.5 % |
| Golar Lng Limited | Q4 2025 | +32.2 % | +39.3 % |
| Teekay Tankers Ltd | Q4 2025 | -22.6 % | -13.0 % |
| Sfl Corporation Ltd | Q4 2025 | -18.9 % | - |
| Nordic American Tankers Ltd | Q4 2025 | -16.6 % | -73.7 % |
| PEERS TOTAL | -10.3 % | -11.3 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Dorian Lpg Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Dorian Lpg Ltd | Q2 2026 | - | - |
| Frontline Plc | Q4 2025 | - | -98.6 % |
| Golar Lng Limited | Q4 2025 | - | -87.5 % |
| Teekay Tankers Ltd | Q4 2025 | -21.7 % | +169.9 % |
| Sfl Corporation Ltd | Q4 2025 | - | - |
| Nordic American Tankers Ltd | Q4 2025 | +313.3 % | +15,354.0 % |
Dorian Lpg Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Dorian Lpg Ltd | 17.56% | 17.77% | 28.69% |
| Frontline Plc | 6.59% | 12.61% | 15.10% |
| Golar Lng Limited | 2.11% | 2.32% | 6.11% |
| Teekay Tankers Ltd | 15.67% | 16.63% | 17.18% |
| Sfl Corporation Ltd | - | - | - |
| Nordic American Tankers Ltd | 1.36% | 1.47% | 2.75% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Dorian Lpg Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Dorian Lpg Ltd | 7.20 | 3.97 |
| Frontline Plc | 14.12 | 2.72 |
| Golar Lng Limited | 81.32 | 13.58 |
| Teekay Tankers Ltd | 9.48 | 3.50 |
| Sfl Corporation Ltd | - | 2.33 |
| Nordic American Tankers Ltd | 129.83 | 5.66 |
| PEERS AVERAGE | 12.68 | 3.03 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.