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BW LPG stock: growth
BWLPBW LPG reported $3.69B in revenue for fiscal 2025, up 9.6% on the prior year, up 32.8% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
25%
per year from 2016 to 2025, per share 23.6%
Earnings (Annual rate)
29.9%
per year from 2016 to 2025, per share 28.7%
Free cash flow (Annual rate)
46%
per year from 2016 to 2025, per share 44.3%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2016 | |
|---|---|---|
| Revenue | 32.8% | 25.0% |
| Revenue per share | 30.4% | 23.6% |
| Earnings | −1.4% | 29.9% |
| Earnings per share | −3.2% | 28.7% |
| Free cash flow | 1.5% | 46.0% |
| Free cash flow per share | −0.4% | 44.3% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2016 | $494.16M | $23.69M | $11.84M |
| 2017 | $496.98M | −$43.14M | −$16.94M |
| 2018 | $490.43M | −$67.11M | $77.56M |
| 2019 | $818.6M | $274.31M | $312.08M |
| 2020 | $892.47M | $268.11M | $331.32M |
| 2021 | $1.21B | $179.99M | $119.49M |
| 2022 | $1.53B | $223.04M | $459.01M |
| 2023 | $3.06B | $487.7M | $396.68M |
| 2024 | $3.37B | $334.62M | $146.9M |
| 2025 | $3.69B | $249.43M | $356.25M |
Revenue by segment
How BW LPG Limited makes its money and how that has shifted. Names are as the company reports them.
- Cargo Sales69%
- Spot Voyages19%
- Time Charter8%
- Shipping income2%
- Other2%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2024 | 2025 | Share 2025 | |
|---|---|---|---|
| Cargo Sales | $2.52B | $2.53B | 68.5% |
| Spot Voyages | $773.04M | $703.47M | 19.1% |
| Time Charter | $189.76M | $312.28M | 8.5% |
| Shipping income | $27.71M | $59.23M | 1.6% |
| Other | $0 | $85.99M | 2.3% |
| Total revenue | $3.37B | $3.69B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 5 Jun 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.