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Side-by-side financial comparison of DORIAN LPG LTD. (LPG) and Ribbon Communications Inc. (RBBN). Click either name above to swap in a different company.

Ribbon Communications Inc. is the larger business by last-quarter revenue ($162.6M vs $120.0M, roughly 1.4× DORIAN LPG LTD.). Ribbon Communications Inc. runs the higher net margin — 54.8% vs 39.3%, a 15.4% gap on every dollar of revenue. On growth, DORIAN LPG LTD. posted the faster year-over-year revenue change (48.7% vs -10.3%). Over the past eight quarters, DORIAN LPG LTD.'s revenue compounded faster (-7.9% CAGR vs -8.1%).

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.

Ribbon Communications Inc. is a public company that makes software, IP and optical networking solutions for service providers, enterprises and critical infrastructure sectors. The company was formed in 2017, following the merger of Genband and Sonus Networks and is headquartered in Plano, Texas.

LPG vs RBBN — Head-to-Head

Bigger by revenue
RBBN
RBBN
1.4× larger
RBBN
$162.6M
$120.0M
LPG
Growing faster (revenue YoY)
LPG
LPG
+59.0% gap
LPG
48.7%
-10.3%
RBBN
Higher net margin
RBBN
RBBN
15.4% more per $
RBBN
54.8%
39.3%
LPG
Faster 2-yr revenue CAGR
LPG
LPG
Annualised
LPG
-7.9%
-8.1%
RBBN

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
LPG
LPG
RBBN
RBBN
Revenue
$120.0M
$162.6M
Net Profit
$47.2M
$89.1M
Gross Margin
42.9%
Operating Margin
42.8%
37.6%
Net Margin
39.3%
54.8%
Revenue YoY
48.7%
-10.3%
Net Profit YoY
120.9%
EPS (diluted)
$1.11
$0.50

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
RBBN
RBBN
Q1 26
$162.6M
Q4 25
$120.0M
$227.3M
Q3 25
$124.1M
$215.4M
Q2 25
$84.2M
$220.6M
Q1 25
$75.9M
$181.3M
Q4 24
$80.7M
$251.4M
Q3 24
$82.4M
$210.2M
Q2 24
$114.4M
$192.6M
Net Profit
LPG
LPG
RBBN
RBBN
Q1 26
$89.1M
Q4 25
$47.2M
Q3 25
$55.4M
$-12.1M
Q2 25
$10.1M
$-11.1M
Q1 25
$8.1M
$-26.2M
Q4 24
$21.4M
Q3 24
$9.4M
$-13.4M
Q2 24
$51.3M
$-16.8M
Gross Margin
LPG
LPG
RBBN
RBBN
Q1 26
42.9%
Q4 25
53.3%
Q3 25
50.1%
Q2 25
49.6%
Q1 25
45.4%
Q4 24
55.7%
Q3 24
52.1%
Q2 24
50.8%
Operating Margin
LPG
LPG
RBBN
RBBN
Q1 26
37.6%
Q4 25
42.8%
4.1%
Q3 25
47.8%
1.3%
Q2 25
18.5%
1.9%
Q1 25
19.4%
-10.8%
Q4 24
29.0%
13.2%
Q3 24
23.2%
-0.4%
Q2 24
48.5%
-1.0%
Net Margin
LPG
LPG
RBBN
RBBN
Q1 26
54.8%
Q4 25
39.3%
Q3 25
44.6%
-5.6%
Q2 25
12.0%
-5.0%
Q1 25
10.7%
-14.5%
Q4 24
26.5%
Q3 24
11.4%
-6.4%
Q2 24
44.9%
-8.7%
EPS (diluted)
LPG
LPG
RBBN
RBBN
Q1 26
$0.50
Q4 25
$1.11
$0.50
Q3 25
$1.30
$-0.07
Q2 25
$0.24
$-0.06
Q1 25
$0.17
$-0.15
Q4 24
$0.50
$0.05
Q3 24
$0.22
$-0.08
Q2 24
$1.25
$-0.10

Balance Sheet & Financial Strength

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

Metric
LPG
LPG
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$294.5M
$67.6M
Total DebtLower is stronger
$513.2M
Stockholders' EquityBook value
$1.1B
$419.1M
Total Assets
$1.8B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPG
LPG
RBBN
RBBN
Q1 26
$67.6M
Q4 25
$294.5M
$96.4M
Q3 25
$268.3M
$74.8M
Q2 25
$277.9M
$60.5M
Q1 25
$316.9M
$71.2M
Q4 24
$314.5M
$87.8M
Q3 24
$348.6M
$37.2M
Q2 24
$353.3M
$64.6M
Total Debt
LPG
LPG
RBBN
RBBN
Q1 26
Q4 25
$513.2M
$342.1M
Q3 25
$526.4M
$344.3M
Q2 25
$539.6M
$346.5M
Q1 25
$553.3M
$347.4M
Q4 24
$565.9M
$348.3M
Q3 24
$579.0M
$349.1M
Q2 24
$592.1M
$350.0M
Stockholders' Equity
LPG
LPG
RBBN
RBBN
Q1 26
$419.1M
Q4 25
$1.1B
$449.0M
Q3 25
$1.1B
$360.1M
Q2 25
$1.0B
$370.4M
Q1 25
$1.0B
$381.8M
Q4 24
$1.1B
$404.6M
Q3 24
$1.1B
$395.5M
Q2 24
$1.1B
$405.0M
Total Assets
LPG
LPG
RBBN
RBBN
Q1 26
Q4 25
$1.8B
$1.2B
Q3 25
$1.8B
$1.1B
Q2 25
$1.7B
$1.1B
Q1 25
$1.8B
$1.1B
Q4 24
$1.8B
$1.2B
Q3 24
$1.9B
$1.1B
Q2 24
$1.9B
$1.1B
Debt / Equity
LPG
LPG
RBBN
RBBN
Q1 26
Q4 25
0.47×
0.76×
Q3 25
0.49×
0.96×
Q2 25
0.52×
0.94×
Q1 25
0.53×
0.91×
Q4 24
0.53×
0.86×
Q3 24
0.53×
0.88×
Q2 24
0.53×
0.86×

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
RBBN
RBBN
Operating Cash FlowLast quarter
$80.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
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
RBBN
RBBN
Q1 26
Q4 25
$80.8M
$29.2M
Q3 25
$46.4M
$26.5M
Q2 25
$814.5K
$-795.0K
Q1 25
$50.2M
$-3.5M
Q4 24
$24.3M
$61.8M
Q3 24
$57.3M
$-14.8M
Q2 24
$41.2M
$-9.8M
Free Cash Flow
LPG
LPG
RBBN
RBBN
Q1 26
Q4 25
$27.3M
Q3 25
$21.0M
Q2 25
$-6.5M
Q1 25
$-15.7M
Q4 24
$53.8M
Q3 24
$-23.7M
Q2 24
$-12.9M
FCF Margin
LPG
LPG
RBBN
RBBN
Q1 26
Q4 25
12.0%
Q3 25
9.7%
Q2 25
-2.9%
Q1 25
-8.7%
Q4 24
21.4%
Q3 24
-11.3%
Q2 24
-6.7%
Capex Intensity
LPG
LPG
RBBN
RBBN
Q1 26
Q4 25
0.9%
Q3 25
2.6%
Q2 25
2.6%
Q1 25
6.7%
Q4 24
3.2%
Q3 24
4.2%
Q2 24
1.6%
Cash Conversion
LPG
LPG
RBBN
RBBN
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.

Revenue Breakdown by Segment

LPG
LPG

Segment breakdown not available.

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

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