LPG vs. GLNG

Last updated Apr 1, 2026

Compare and contrast key facts about Dorian LPG Ltd. (LPG) and Golar LNG Limited (GLNG).

Performance

LPG vs. GLNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dorian LPG Ltd. (LPG) and Golar LNG Limited (GLNG). The values are adjusted to include any dividend payments, if applicable.

LPG vs. GLNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LPG Dorian LPG Ltd.	43.62%	9.75%	-37.80%	171.42%	109.62%	12.71%	-21.25%	165.52%	-29.08%	0.12%
GLNG Golar LNG Limited	46.19%	-9.74%	90.78%	4.39%	83.94%	28.53%	-32.21%	-33.64%	-25.94%	31.03%

Fundamentals

Market Cap LPG : $1.46B GLNG : $5.48B
EPS LPG : $2.83 GLNG : $0.64
PE Ratio LPG : 12.08 GLNG : 84.05
PEG Ratio LPG : 0.34 GLNG : 2.70
PS Ratio LPG : 3.64 GLNG : 14.03
PB Ratio LPG : 1.34 GLNG : 2.98
Total Revenue (TTM) LPG : $400.69M GLNG : $393.52M
Gross Profit (TTM) LPG : $239.42M GLNG : $184.37M
EBITDA (TTM) LPG : $215.93M GLNG : $201.12M

Returns By Period

In the year-to-date period, LPG achieves a 43.62% return, which is significantly lower than GLNG's 46.19% return. Over the past 10 years, LPG has outperformed GLNG with an annualized return of 23.57%, while GLNG has yielded a comparatively lower 13.65% annualized return.

LPG

• 1D: 3.04%
• 1M: -7.54%
• YTD: 43.62%
• 6M: 20.23%
• 1Y: 67.13%
• 3Y*: 34.27%
• 5Y*: 42.46%
• 10Y*: 23.57%

GLNG

• 1D: 0.06%
• 1M: 22.35%
• YTD: 46.19%
• 6M: 35.50%
• 1Y: 45.82%
• 3Y*: 40.49%
• 5Y*: 41.07%
• 10Y*: 13.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LPG vs. GLNG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LPG

LPG Risk / Return Rank: 81
LPG Sharpe Ratio Rank: 84
LPG Sortino Ratio Rank: 79
LPG Omega Ratio Rank: 79
LPG Calmar Ratio Rank: 84
LPG Martin Ratio Rank: 79

GLNG

GLNG Risk / Return Rank: 77
GLNG Sharpe Ratio Rank: 80
GLNG Sortino Ratio Rank: 77
GLNG Omega Ratio Rank: 76
GLNG Calmar Ratio Rank: 79
GLNG Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LPG vs. GLNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dorian LPG Ltd. (LPG) and Golar LNG Limited (GLNG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LPG	GLNG	Difference
Sharpe ratio Return per unit of total volatility	1.46	1.25	+0.21
Sortino ratio Return per unit of downside risk	2.00	1.90	+0.10
Omega ratio Gain probability vs. loss probability	1.27	1.25	+0.02
Calmar ratio Return relative to maximum drawdown	2.64	2.11	+0.53
Martin ratio Return relative to average drawdown	5.60	4.55	+1.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LPG vs. GLNG - Sharpe Ratio Comparison

The current LPG Sharpe Ratio is 1.46, which is comparable to the GLNG Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of LPG and GLNG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LPG	GLNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.25	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	1.04	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.25	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.20	+0.06

Correlation

The correlation between LPG and GLNG is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

LPG vs. GLNG - Dividend Comparison

LPG's dividend yield for the trailing twelve months is around 7.16%, more than GLNG's 1.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LPG Dorian LPG Ltd.	7.16%	10.07%	16.41%	9.12%	29.02%	7.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GLNG Golar LNG Limited	1.85%	2.69%	2.36%	3.26%	0.00%	0.00%	0.00%	2.11%	1.72%	0.67%	0.87%	11.40%

Drawdowns

LPG vs. GLNG - Drawdown Comparison

The maximum LPG drawdown since its inception was -78.31%, smaller than the maximum GLNG drawdown of -92.81%. Use the drawdown chart below to compare losses from any high point for LPG and GLNG.

Drawdown Indicators

	LPG	GLNG	Difference
Max Drawdown Largest peak-to-trough decline	-78.31%	-92.81%	+14.50%
Max Drawdown (1Y) Largest decline over 1 year	-24.99%	-21.95%	-3.04%
Max Drawdown (5Y) Largest decline over 5 years	-62.89%	-33.35%	-29.54%
Max Drawdown (10Y) Largest decline over 10 years	-62.89%	-86.29%	+23.40%
Current Drawdown Current decline from peak	-20.10%	-6.96%	-13.14%
Average Drawdown Average peak-to-trough decline	-43.23%	-44.08%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.78%	10.17%	+1.61%

Volatility

LPG vs. GLNG - Volatility Comparison

Dorian LPG Ltd. (LPG) has a higher volatility of 17.09% compared to Golar LNG Limited (GLNG) at 12.28%. This indicates that LPG's price experiences larger fluctuations and is considered to be riskier than GLNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LPG	GLNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.09%	12.28%	+4.81%
Volatility (6M) Calculated over the trailing 6-month period	28.24%	22.11%	+6.13%
Volatility (1Y) Calculated over the trailing 1-year period	46.34%	36.90%	+9.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.03%	39.94%	+3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.20%	54.53%	-6.33%

Financials

LPG vs. GLNG - Profitability Comparison

The chart below illustrates the profitability comparison between Dorian LPG Ltd. and Golar LNG Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LPG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Dorian LPG Ltd. reported a gross profit of 100.05M and revenue of 119.96M. Therefore, the gross margin over that period was 83.4%.

GLNG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Golar LNG Limited reported a gross profit of 68.50M and revenue of 132.81M. Therefore, the gross margin over that period was 51.6%.

LPG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Dorian LPG Ltd. reported an operating income of 51.31M and revenue of 119.96M, resulting in an operating margin of 42.8%.

GLNG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Golar LNG Limited reported an operating income of 60.22M and revenue of 132.81M, resulting in an operating margin of 45.3%.

LPG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Dorian LPG Ltd. reported a net income of 47.19M and revenue of 119.96M, resulting in a net margin of 39.3%.

GLNG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Golar LNG Limited reported a net income of 10.36M and revenue of 132.81M, resulting in a net margin of 7.8%.