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Side-by-side financial comparison of DORIAN LPG LTD. (LPG) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

DORIAN LPG LTD. is the larger business by last-quarter revenue ($120.0M vs $75.5M, roughly 1.6× PUMA BIOTECHNOLOGY, INC.). On growth, DORIAN LPG LTD. posted the faster year-over-year revenue change (48.7% vs 27.7%). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs -7.9%).

Dorian LPG Ltd. is a leading international shipping company focused on the seaborne transportation of liquefied petroleum gas (LPG). It owns and operates a modern fleet of very large gas carriers, serving energy and petrochemical industry clients across key markets including North America, Asia and Europe.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

LPG vs PBYI — Head-to-Head

Bigger by revenue
LPG
LPG
1.6× larger
LPG
$120.0M
$75.5M
PBYI
Growing faster (revenue YoY)
LPG
LPG
+21.0% gap
LPG
48.7%
27.7%
PBYI
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
-7.9%
LPG

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
LPG
LPG
PBYI
PBYI
Revenue
$120.0M
$75.5M
Net Profit
$47.2M
Gross Margin
69.3%
Operating Margin
42.8%
22.7%
Net Margin
39.3%
Revenue YoY
48.7%
27.7%
Net Profit YoY
120.9%
EPS (diluted)
$1.11
$0.26

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LPG
LPG
PBYI
PBYI
Q4 25
$120.0M
$75.5M
Q3 25
$124.1M
$54.5M
Q2 25
$84.2M
$52.4M
Q1 25
$75.9M
$46.0M
Q4 24
$80.7M
$59.1M
Q3 24
$82.4M
$80.5M
Q2 24
$114.4M
$47.1M
Q1 24
$141.4M
$43.8M
Net Profit
LPG
LPG
PBYI
PBYI
Q4 25
$47.2M
Q3 25
$55.4M
$8.8M
Q2 25
$10.1M
$5.9M
Q1 25
$8.1M
$3.0M
Q4 24
$21.4M
Q3 24
$9.4M
$20.3M
Q2 24
$51.3M
$-4.5M
Q1 24
$79.2M
$-4.8M
Gross Margin
LPG
LPG
PBYI
PBYI
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
LPG
LPG
PBYI
PBYI
Q4 25
42.8%
22.7%
Q3 25
47.8%
17.6%
Q2 25
18.5%
12.7%
Q1 25
19.4%
8.7%
Q4 24
29.0%
22.6%
Q3 24
23.2%
27.4%
Q2 24
48.5%
-4.6%
Q1 24
58.3%
-5.3%
Net Margin
LPG
LPG
PBYI
PBYI
Q4 25
39.3%
Q3 25
44.6%
16.2%
Q2 25
12.0%
11.2%
Q1 25
10.7%
6.5%
Q4 24
26.5%
Q3 24
11.4%
25.2%
Q2 24
44.9%
-9.6%
Q1 24
56.0%
-11.0%
EPS (diluted)
LPG
LPG
PBYI
PBYI
Q4 25
$1.11
$0.26
Q3 25
$1.30
$0.17
Q2 25
$0.24
$0.12
Q1 25
$0.17
$0.06
Q4 24
$0.50
$0.40
Q3 24
$0.22
$0.41
Q2 24
$1.25
$-0.09
Q1 24
$1.96
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LPG
LPG
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$294.5M
$97.5M
Total DebtLower is stronger
$513.2M
$22.7M
Stockholders' EquityBook value
$1.1B
$130.3M
Total Assets
$1.8B
$216.3M
Debt / EquityLower = less leverage
0.47×
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPG
LPG
PBYI
PBYI
Q4 25
$294.5M
$97.5M
Q3 25
$268.3M
$94.4M
Q2 25
$277.9M
$96.0M
Q1 25
$316.9M
$93.2M
Q4 24
$314.5M
$101.0M
Q3 24
$348.6M
$96.7M
Q2 24
$353.3M
$96.8M
Q1 24
$282.5M
$107.2M
Total Debt
LPG
LPG
PBYI
PBYI
Q4 25
$513.2M
$22.7M
Q3 25
$526.4M
$34.0M
Q2 25
$539.6M
$45.3M
Q1 25
$553.3M
$56.7M
Q4 24
$565.9M
$68.0M
Q3 24
$579.0M
$79.3M
Q2 24
$592.1M
$90.7M
Q1 24
$605.1M
$102.0M
Stockholders' Equity
LPG
LPG
PBYI
PBYI
Q4 25
$1.1B
$130.3M
Q3 25
$1.1B
$115.3M
Q2 25
$1.0B
$104.7M
Q1 25
$1.0B
$97.1M
Q4 24
$1.1B
$92.1M
Q3 24
$1.1B
$71.1M
Q2 24
$1.1B
$48.5M
Q1 24
$1.0B
$51.0M
Total Assets
LPG
LPG
PBYI
PBYI
Q4 25
$1.8B
$216.3M
Q3 25
$1.8B
$202.9M
Q2 25
$1.7B
$194.9M
Q1 25
$1.8B
$196.2M
Q4 24
$1.8B
$213.3M
Q3 24
$1.9B
$220.7M
Q2 24
$1.9B
$205.0M
Q1 24
$1.8B
$214.1M
Debt / Equity
LPG
LPG
PBYI
PBYI
Q4 25
0.47×
0.17×
Q3 25
0.49×
0.30×
Q2 25
0.52×
0.43×
Q1 25
0.53×
0.58×
Q4 24
0.53×
0.74×
Q3 24
0.53×
1.12×
Q2 24
0.53×
1.87×
Q1 24
0.59×
2.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LPG
LPG
PBYI
PBYI
Operating Cash FlowLast quarter
$80.8M
$14.4M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.71×
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPG
LPG
PBYI
PBYI
Q4 25
$80.8M
$14.4M
Q3 25
$46.4M
$9.7M
Q2 25
$814.5K
$14.1M
Q1 25
$50.2M
$3.6M
Q4 24
$24.3M
$15.6M
Q3 24
$57.3M
$11.0M
Q2 24
$41.2M
$1.0M
Q1 24
$154.2M
$11.2M
Free Cash Flow
LPG
LPG
PBYI
PBYI
Q4 25
$14.4M
Q3 25
$9.7M
Q2 25
$14.1M
Q1 25
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
FCF Margin
LPG
LPG
PBYI
PBYI
Q4 25
19.1%
Q3 25
17.7%
Q2 25
26.8%
Q1 25
7.7%
Q4 24
26.4%
Q3 24
13.7%
Q2 24
2.1%
Q1 24
Capex Intensity
LPG
LPG
PBYI
PBYI
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
LPG
LPG
PBYI
PBYI
Q4 25
1.71×
Q3 25
0.84×
1.10×
Q2 25
0.08×
2.41×
Q1 25
6.20×
1.21×
Q4 24
1.14×
Q3 24
6.08×
0.54×
Q2 24
0.80×
Q1 24
1.95×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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