vs

Side-by-side financial comparison of DORIAN LPG LTD. (LPG) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.

Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($143.3M vs $120.0M, roughly 1.2× DORIAN LPG LTD.). DORIAN LPG LTD. runs the higher net margin — 39.3% vs -31.4%, a 70.7% gap on every dollar of revenue. On growth, DORIAN LPG LTD. posted the faster year-over-year revenue change (48.7% vs 0.4%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% 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.

Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.

LPG vs PDM — Head-to-Head

Bigger by revenue
PDM
PDM
1.2× larger
PDM
$143.3M
$120.0M
LPG
Growing faster (revenue YoY)
LPG
LPG
+48.3% gap
LPG
48.7%
0.4%
PDM
Higher net margin
LPG
LPG
70.7% more per $
LPG
39.3%
-31.4%
PDM
Faster 2-yr revenue CAGR
PDM
PDM
Annualised
PDM
0.0%
-7.9%
LPG

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
LPG
LPG
PDM
PDM
Revenue
$120.0M
$143.3M
Net Profit
$47.2M
$-45.0M
Gross Margin
Operating Margin
42.8%
Net Margin
39.3%
-31.4%
Revenue YoY
48.7%
0.4%
Net Profit YoY
120.9%
-27.9%
EPS (diluted)
$1.11
$-0.10

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
PDM
PDM
Q1 26
$143.3M
Q4 25
$120.0M
$142.9M
Q3 25
$124.1M
$139.2M
Q2 25
$84.2M
$140.3M
Q1 25
$75.9M
$142.7M
Q4 24
$80.7M
$143.2M
Q3 24
$82.4M
$139.3M
Q2 24
$114.4M
$143.3M
Net Profit
LPG
LPG
PDM
PDM
Q1 26
$-45.0M
Q4 25
$47.2M
$-43.2M
Q3 25
$55.4M
$-13.5M
Q2 25
$10.1M
$-16.8M
Q1 25
$8.1M
$-10.1M
Q4 24
$21.4M
$-30.0M
Q3 24
$9.4M
$-11.5M
Q2 24
$51.3M
$-9.8M
Operating Margin
LPG
LPG
PDM
PDM
Q1 26
Q4 25
42.8%
Q3 25
47.8%
Q2 25
18.5%
Q1 25
19.4%
Q4 24
29.0%
Q3 24
23.2%
Q2 24
48.5%
Net Margin
LPG
LPG
PDM
PDM
Q1 26
-31.4%
Q4 25
39.3%
-30.3%
Q3 25
44.6%
-9.7%
Q2 25
12.0%
-12.0%
Q1 25
10.7%
-7.1%
Q4 24
26.5%
-20.9%
Q3 24
11.4%
-8.3%
Q2 24
44.9%
-6.8%
EPS (diluted)
LPG
LPG
PDM
PDM
Q1 26
$-0.10
Q4 25
$1.11
$-0.34
Q3 25
$1.30
$-0.11
Q2 25
$0.24
$-0.14
Q1 25
$0.17
$-0.08
Q4 24
$0.50
$-0.25
Q3 24
$0.22
$-0.09
Q2 24
$1.25
$-0.08

Balance Sheet & Financial Strength

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

Metric
LPG
LPG
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$294.5M
$2.3M
Total DebtLower is stronger
$513.2M
Stockholders' EquityBook value
$1.1B
$1.5B
Total Assets
$1.8B
$4.0B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPG
LPG
PDM
PDM
Q1 26
$2.3M
Q4 25
$294.5M
$731.0K
Q3 25
$268.3M
$3.0M
Q2 25
$277.9M
$3.3M
Q1 25
$316.9M
$2.9M
Q4 24
$314.5M
$109.6M
Q3 24
$348.6M
$133.6M
Q2 24
$353.3M
$138.5M
Total Debt
LPG
LPG
PDM
PDM
Q1 26
Q4 25
$513.2M
$2.2B
Q3 25
$526.4M
$2.2B
Q2 25
$539.6M
$2.2B
Q1 25
$553.3M
$2.2B
Q4 24
$565.9M
$2.2B
Q3 24
$579.0M
$2.2B
Q2 24
$592.1M
$2.2B
Stockholders' Equity
LPG
LPG
PDM
PDM
Q1 26
$1.5B
Q4 25
$1.1B
$1.5B
Q3 25
$1.1B
$1.5B
Q2 25
$1.0B
$1.5B
Q1 25
$1.0B
$1.6B
Q4 24
$1.1B
$1.6B
Q3 24
$1.1B
$1.6B
Q2 24
$1.1B
$1.7B
Total Assets
LPG
LPG
PDM
PDM
Q1 26
$4.0B
Q4 25
$1.8B
$4.0B
Q3 25
$1.8B
$4.0B
Q2 25
$1.7B
$4.0B
Q1 25
$1.8B
$4.0B
Q4 24
$1.8B
$4.1B
Q3 24
$1.9B
$4.1B
Q2 24
$1.9B
$4.2B
Debt / Equity
LPG
LPG
PDM
PDM
Q1 26
Q4 25
0.47×
1.49×
Q3 25
0.49×
1.43×
Q2 25
0.52×
1.41×
Q1 25
0.53×
1.40×
Q4 24
0.53×
1.40×
Q3 24
0.53×
1.36×
Q2 24
0.53×
1.34×

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
PDM
PDM
Operating Cash FlowLast quarter
$80.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
110.3%
Cash ConversionOCF / Net Profit
1.71×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPG
LPG
PDM
PDM
Q1 26
Q4 25
$80.8M
$140.6M
Q3 25
$46.4M
$35.8M
Q2 25
$814.5K
$50.1M
Q1 25
$50.2M
$3.7M
Q4 24
$24.3M
$198.1M
Q3 24
$57.3M
$42.9M
Q2 24
$41.2M
$66.8M
Capex Intensity
LPG
LPG
PDM
PDM
Q1 26
110.3%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
LPG
LPG
PDM
PDM
Q1 26
Q4 25
1.71×
Q3 25
0.84×
Q2 25
0.08×
Q1 25
6.20×
Q4 24
1.14×
Q3 24
6.08×
Q2 24
0.80×

Financial Flow Comparison

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

Related Comparisons