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Side-by-side financial comparison of DORIAN LPG LTD. (LPG) and UNITIL CORP (UTL). Click either name above to swap in a different company.

UNITIL CORP is the larger business by last-quarter revenue ($161.5M vs $120.0M, roughly 1.3× DORIAN LPG LTD.). DORIAN LPG LTD. runs the higher net margin — 39.3% vs 11.8%, a 27.6% gap on every dollar of revenue. On growth, DORIAN LPG LTD. posted the faster year-over-year revenue change (48.7% vs 26.7%). Over the past eight quarters, UNITIL CORP's revenue compounded faster (-4.9% 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.

Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business distr...

LPG vs UTL — Head-to-Head

Bigger by revenue
UTL
UTL
1.3× larger
UTL
$161.5M
$120.0M
LPG
Growing faster (revenue YoY)
LPG
LPG
+22.0% gap
LPG
48.7%
26.7%
UTL
Higher net margin
LPG
LPG
27.6% more per $
LPG
39.3%
11.8%
UTL
Faster 2-yr revenue CAGR
UTL
UTL
Annualised
UTL
-4.9%
-7.9%
LPG

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
LPG
LPG
UTL
UTL
Revenue
$120.0M
$161.5M
Net Profit
$47.2M
$19.0M
Gross Margin
Operating Margin
42.8%
21.5%
Net Margin
39.3%
11.8%
Revenue YoY
48.7%
26.7%
Net Profit YoY
120.9%
21.8%
EPS (diluted)
$1.11
$1.05

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
UTL
UTL
Q4 25
$120.0M
$161.5M
Q3 25
$124.1M
$101.1M
Q2 25
$84.2M
$102.6M
Q1 25
$75.9M
$170.8M
Q4 24
$80.7M
$127.5M
Q3 24
$82.4M
$92.9M
Q2 24
$114.4M
$95.7M
Q1 24
$141.4M
$178.7M
Net Profit
LPG
LPG
UTL
UTL
Q4 25
$47.2M
$19.0M
Q3 25
$55.4M
$-300.0K
Q2 25
$10.1M
$4.0M
Q1 25
$8.1M
$27.5M
Q4 24
$21.4M
$15.6M
Q3 24
$9.4M
$0
Q2 24
$51.3M
$4.3M
Q1 24
$79.2M
$27.2M
Operating Margin
LPG
LPG
UTL
UTL
Q4 25
42.8%
21.5%
Q3 25
47.8%
6.9%
Q2 25
18.5%
13.0%
Q1 25
19.4%
27.0%
Q4 24
29.0%
22.1%
Q3 24
23.2%
6.2%
Q2 24
48.5%
13.0%
Q1 24
58.3%
24.7%
Net Margin
LPG
LPG
UTL
UTL
Q4 25
39.3%
11.8%
Q3 25
44.6%
-0.3%
Q2 25
12.0%
3.9%
Q1 25
10.7%
16.1%
Q4 24
26.5%
12.2%
Q3 24
11.4%
Q2 24
44.9%
4.5%
Q1 24
56.0%
15.2%
EPS (diluted)
LPG
LPG
UTL
UTL
Q4 25
$1.11
$1.05
Q3 25
$1.30
$-0.02
Q2 25
$0.24
$0.25
Q1 25
$0.17
$1.69
Q4 24
$0.50
$0.97
Q3 24
$0.22
$0.00
Q2 24
$1.25
$0.27
Q1 24
$1.96
$1.69

Balance Sheet & Financial Strength

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

Metric
LPG
LPG
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$294.5M
$15.6M
Total DebtLower is stronger
$513.2M
$670.5M
Stockholders' EquityBook value
$1.1B
$609.6M
Total Assets
$1.8B
$2.1B
Debt / EquityLower = less leverage
0.47×
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPG
LPG
UTL
UTL
Q4 25
$294.5M
$15.6M
Q3 25
$268.3M
$14.6M
Q2 25
$277.9M
$8.5M
Q1 25
$316.9M
$10.2M
Q4 24
$314.5M
$6.3M
Q3 24
$348.6M
$6.3M
Q2 24
$353.3M
$2.8M
Q1 24
$282.5M
$6.3M
Total Debt
LPG
LPG
UTL
UTL
Q4 25
$513.2M
$670.5M
Q3 25
$526.4M
$670.5M
Q2 25
$539.6M
$640.7M
Q1 25
$553.3M
$642.1M
Q4 24
$565.9M
$643.3M
Q3 24
$579.0M
$643.3M
Q2 24
$592.1M
$511.3M
Q1 24
$605.1M
$512.8M
Stockholders' Equity
LPG
LPG
UTL
UTL
Q4 25
$1.1B
$609.6M
Q3 25
$1.1B
$597.2M
Q2 25
$1.0B
$532.8M
Q1 25
$1.0B
$534.1M
Q4 24
$1.1B
$512.5M
Q3 24
$1.1B
$502.4M
Q2 24
$1.1B
$508.8M
Q1 24
$1.0B
$510.8M
Total Assets
LPG
LPG
UTL
UTL
Q4 25
$1.8B
$2.1B
Q3 25
$1.8B
$1.9B
Q2 25
$1.7B
$1.9B
Q1 25
$1.8B
$1.9B
Q4 24
$1.8B
$1.8B
Q3 24
$1.9B
$1.7B
Q2 24
$1.9B
$1.7B
Q1 24
$1.8B
$1.7B
Debt / Equity
LPG
LPG
UTL
UTL
Q4 25
0.47×
1.10×
Q3 25
0.49×
1.12×
Q2 25
0.52×
1.20×
Q1 25
0.53×
1.20×
Q4 24
0.53×
1.26×
Q3 24
0.53×
1.28×
Q2 24
0.53×
1.00×
Q1 24
0.59×
1.00×

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
UTL
UTL
Operating Cash FlowLast quarter
$80.8M
$21.4M
Free Cash FlowOCF − Capex
$-36.3M
FCF MarginFCF / Revenue
-22.5%
Capex IntensityCapex / Revenue
35.7%
Cash ConversionOCF / Net Profit
1.71×
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPG
LPG
UTL
UTL
Q4 25
$80.8M
$21.4M
Q3 25
$46.4M
$15.6M
Q2 25
$814.5K
$42.2M
Q1 25
$50.2M
$52.1M
Q4 24
$24.3M
$23.3M
Q3 24
$57.3M
$26.1M
Q2 24
$41.2M
$49.9M
Q1 24
$154.2M
$26.6M
Free Cash Flow
LPG
LPG
UTL
UTL
Q4 25
$-36.3M
Q3 25
$-39.0M
Q2 25
$2.0M
Q1 25
$19.5M
Q4 24
$-32.3M
Q3 24
$-31.3M
Q2 24
$13.2M
Q1 24
$6.4M
FCF Margin
LPG
LPG
UTL
UTL
Q4 25
-22.5%
Q3 25
-38.6%
Q2 25
1.9%
Q1 25
11.4%
Q4 24
-25.3%
Q3 24
-33.7%
Q2 24
13.8%
Q1 24
3.6%
Capex Intensity
LPG
LPG
UTL
UTL
Q4 25
35.7%
Q3 25
54.0%
Q2 25
39.2%
Q1 25
19.1%
Q4 24
43.6%
Q3 24
61.8%
Q2 24
38.3%
Q1 24
11.3%
Cash Conversion
LPG
LPG
UTL
UTL
Q4 25
1.71×
1.13×
Q3 25
0.84×
Q2 25
0.08×
10.55×
Q1 25
6.20×
1.89×
Q4 24
1.14×
1.49×
Q3 24
6.08×
Q2 24
0.80×
11.60×
Q1 24
1.95×
0.98×

Financial Flow Comparison

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

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