BWLP
BW LPG Limited
NYSE: BWLP · INDUSTRIALS · MARINE SHIPPING
$19.58
-0.71% today
Updated 2026-04-29
Market cap
$2.97B
P/E ratio
12.24
P/S ratio
0.83x
EPS (TTM)
$1.60
Dividend yield
7.45%
52W range
$9 – $20
Volume
0.4M
BW LPG Limited (BWLP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $494.16M | $496.98M | $490.43M | $818.60M | $892.47M | $1.21B | $1.53B | $3.06B | $3.37B | $3.69B |
| Revenue growth (YoY) | — | +0.6% | -1.3% | +66.9% | +9.0% | +35.5% | +26.4% | +100.1% | +10.0% | +9.6% |
| Cost of revenue | $194.44M | $286.67M | $302.23M | $396.88M | $454.52M | $909.19M | $1.13B | $2.36B | $2.81B | $3.16B |
| Gross profit | $299.72M | $210.31M | $188.20M | $421.72M | $437.94M | $299.71M | $400.30M | $698.47M | $554.25M | $532.23M |
| Gross margin | 60.7% | 42.3% | 38.4% | 51.5% | 49.1% | 24.8% | 26.2% | 22.8% | 16.5% | 14.4% |
| R&D | — | — | — | — | — | — | — | — | — | — |
| SG&A | — | — | — | $26.85M | $10.73M | $14.19M | $13.89M | $28.85M | $30.12M | $76.50M |
| Operating income | $108.79M | $-7.51M | $3.19M | $270.80M | $274.84M | $147.23M | $242.12M | $501.27M | $387.24M | $307.13M |
| Operating margin | 22.0% | -1.5% | 0.7% | 33.1% | 30.8% | 12.2% | 15.8% | 16.4% | 11.5% | 8.3% |
| EBITDA | $205.85M | $121.18M | $97.82M | $397.29M | $442.45M | $297.40M | $398.49M | $727.38M | $578.19M | $570.58M |
| EBITDA margin | 41.7% | 24.4% | 19.9% | 48.5% | 49.6% | 24.6% | 26.1% | 23.8% | 17.2% | 15.5% |
| EBIT | $108.79M | $-7.51M | $3.19M | $270.80M | $274.84M | $147.23M | $242.12M | $501.27M | $387.24M | $307.13M |
| Interest expense | $26.90M | $47.48M | $49.21M | $59.23M | $50.99M | $40.22M | $31.69M | $30.66M | $21.43M | $56.63M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $23.69M | $-43.14M | $-67.11M | $274.31M | $268.11M | $179.99M | $223.04M | $487.70M | $334.62M | $249.43M |
| Net income growth (YoY) | — | -282.1% | -55.6% | +508.7% | -2.3% | -32.9% | +23.9% | +118.7% | -31.4% | -25.5% |
| Profit margin | 4.8% | -8.7% | -13.7% | 33.5% | 30.0% | 14.9% | 14.6% | 15.9% | 9.9% | 6.8% |