Bw Lpg Financials

BWLP

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Bw Lpg (BWLP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Bw Lpg's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

100

Bw Lpg carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Bw Lpg's current ratio of 1.53 is below the typical benchmark, resulting in a score of 26/100. However, the company holds substantial cash reserves (58% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Returns

Bw Lpg's ROE of 15.0% shows moderate profitability relative to equity, earning a score of 55/100. This is down from 20.4% the prior year.

Piotroski F-Score Neutral

5/9

Bw Lpg passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

1.96x

For every $1 of reported earnings, Bw Lpg generates $1.96 in operating cash flow ($567.4M OCF vs $289.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$289.7M

YoY-26.6%

Bw Lpg reported $289.7M in net income in fiscal year 2025. This represents a decrease of 26.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$385.1M

YoY+161.7%

Bw Lpg generated $385.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 161.7% from the prior year.

Cash & Debt

$242.0M

YoY-13.5%

Bw Lpg held $242.0M in cash against $72.8M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

151M

YoY-0.1%

Bw Lpg had 151M shares outstanding in fiscal year 2025. This represents a decrease of 0.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

15.0%

YoY-5.3pp

Bw Lpg's ROE was 15.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$2.7M

YoY+2639.0%

Bw Lpg spent $2.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 2639.0% from the prior year.

Capital Expenditures

$182.3M

YoY-69.7%

Bw Lpg invested $182.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 69.7% from the prior year.

BWLP Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A
Interest Expense	-$44.1M-405.8%	-$8.7M+55.9%	-$19.8M+36.6%	-$31.2M
Income Tax	$14.2M-52.8%	$30.1M+174.5%	$11.0M+923.8%	$1.1M
Net Income	$289.7M-26.6%	$394.9M-19.9%	$493.0M+106.6%	$238.6M
EPS (Diluted)	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	-$11.8M	N/A	$55K	N/A
Income Tax	N/A	$3.6M	N/A	$4.5M	N/A
Net Income	N/A	$43.4M	N/A	$84.9M	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

BWLP Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$3.1B-5.1%	$3.3B+31.7%	$2.5B	N/A
Current Assets	$643.6M-5.1%	$677.9M-22.8%	$878.7M	N/A
Cash & Equivalents	$242.0M-13.5%	$279.7M-2.7%	$287.5M	N/A
Inventory	$123.9M+61.5%	$76.7M-59.3%	$188.6M	N/A
Accounts Receivable	$231.2M+13.9%	$202.9M-35.6%	$315.2M	N/A
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$1.2B-11.5%	$1.4B+48.0%	$934.3M	N/A
Current Liabilities	$420.7M-31.0%	$610.1M-6.9%	$655.3M	N/A
Long-Term Debt	$72.8M+20.2%	$60.6M-22.7%	$78.4M	N/A
Total Equity	$1.9B-0.6%	$1.9B+22.1%	$1.6B-0.7%	$1.6B
Retained Earnings	$605.2M+7.0%	$565.8M-7.2%	$609.5M	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23
Total Assets	$3.1B-6.9%	$3.4B+1.9%	$3.3B	N/A	$2.5B
Current Assets	$643.6M-18.7%	$792.0M+16.8%	$677.9M	N/A	$878.7M
Cash & Equivalents	$242.0M-24.6%	$321.0M+14.8%	$279.7M+5.8%	$264.3M-8.1%	$287.5M
Inventory	$123.9M+236.5%	$36.8M-52.0%	$76.7M	N/A	$188.6M
Accounts Receivable	$231.2M-34.3%	$351.8M+73.4%	$202.9M	N/A	$315.2M
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.2B-16.9%	$1.5B+6.5%	$1.4B	N/A	$934.3M
Current Liabilities	$420.7M-32.3%	$621.3M+1.8%	$610.1M	N/A	$655.3M
Long-Term Debt	$72.8M+77.9%	$41.0M-32.4%	$60.6M	N/A	$78.4M
Total Equity	$1.9B+0.7%	$1.9B-1.3%	$1.9B	N/A	$1.6B
Retained Earnings	$605.2M+11.9%	$540.9M-4.4%	$565.8M	N/A	$609.5M

BWLP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	$567.4M-24.3%	$749.1M+45.9%	$513.4M+1.6%	$505.3M
Capital Expenditures	$182.3M-69.7%	$602.0M+418.8%	$116.0M+151.2%	$46.2M
Free Cash Flow	$385.1M+161.7%	$147.1M-63.0%	$397.3M-13.5%	$459.1M
Investing Cash Flow	-$39.4M+92.7%	-$541.2M-889.3%	$68.6M-39.1%	$112.5M
Financing Cash Flow	-$534.2M-286.9%	-$138.1M+78.6%	-$645.3M-23.6%	-$522.1M
Dividends Paid	$199.9M-48.6%	$388.5M-4.2%	$405.5M+220.0%	$126.7M
Share Buybacks	$2.7M+2639.0%	$100K-99.6%	$23.7M-14.3%	$27.7M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23
Operating Cash Flow	N/A	$94.7M	N/A	$52.8M	N/A
Capital Expenditures	N/A	$81.3M	N/A	-$415K	N/A
Free Cash Flow	N/A	$13.4M	N/A	$52.4M	N/A
Investing Cash Flow	N/A	-$77.1M	N/A	$7.1M	N/A
Financing Cash Flow	N/A	$8.2M	N/A	-$141.0M	N/A
Dividends Paid	N/A	$42.4M	N/A	$131.8M	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

BWLP Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A
Return on Equity	15.0%-5.3pp	20.4%-10.7pp	31.1%+16.1pp	14.9%
Return on Assets	9.2%-2.7pp	11.9%-7.7pp	19.6%	N/A
Current Ratio	1.53+0.4	1.11-0.2	1.34	N/A
Debt-to-Equity	0.040.0	0.03-0.0	0.05	N/A
FCF Margin	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	2.3%	N/A	N/A	N/A
Return on Assets	N/A	1.3%	N/A	N/A	N/A
Current Ratio	1.53+0.3	1.27+0.2	1.11	N/A	1.34
Debt-to-Equity	0.04+0.0	0.020.0	0.03	N/A	0.05
FCF Margin	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Bw Lpg profitable?

Yes, Bw Lpg (BWLP) reported a net income of $289.7M in fiscal year 2025.

How much debt does Bw Lpg have?

As of fiscal year 2025, Bw Lpg (BWLP) had $242.0M in cash and equivalents against $72.8M in long-term debt.

What is Bw Lpg's return on equity (ROE)?

Bw Lpg (BWLP) has a return on equity of 15.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Bw Lpg's free cash flow?

Bw Lpg (BWLP) generated $385.1M in free cash flow during fiscal year 2025. This represents a 161.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Bw Lpg's operating cash flow?

Bw Lpg (BWLP) generated $567.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bw Lpg's total assets?

Bw Lpg (BWLP) had $3.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Bw Lpg's capital expenditures?

Bw Lpg (BWLP) invested $182.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Bw Lpg buy back shares?

Yes, Bw Lpg (BWLP) spent $2.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Bw Lpg have outstanding?

Bw Lpg (BWLP) had 151M shares outstanding as of fiscal year 2025.

What is Bw Lpg's current ratio?

Bw Lpg (BWLP) had a current ratio of 1.53 as of fiscal year 2025, which is generally considered healthy.

What is Bw Lpg's debt-to-equity ratio?

Bw Lpg (BWLP) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bw Lpg's return on assets (ROA)?

Bw Lpg (BWLP) had a return on assets of 9.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Bw Lpg's Piotroski F-Score?

Bw Lpg (BWLP) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bw Lpg's earnings high quality?

Bw Lpg (BWLP) has an earnings quality ratio of 1.96x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Bw Lpg?

Bw Lpg (BWLP) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.