BWLP (BW LPG Limited) Stock Financials & Earnings | Market Cap Arena

BWLP (BW LPG Limited) Stock Financials & Earnings | Market Cap Arena

BWLPBW LPG Limited

Mkt Cap$3B

Industrials·Marine Shipping·🇸🇬 Singapore·NYSE

Revenue (TTM)$3.6B

Net Income (TTM)$242M

EPS (TTM)$1.60

Free Cash Flow (TTM)$387M

Gross Margin15.9%

Op. Margin8.9%

Net Margin6.7%

FCF Margin10.7%

P/S Ratio (TTM)0.7x

P/E Ratio (TTM)10.9x

YoY Rev Growth+2.3%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$874M	$167M	$120M
Q2 23	$458M	$102M	$55M
Q3 23	$699M	$168M	$126M
Q4 23	$938M	$244M	$188M
Q1 24	$1.0B	$174M	$131M
Q2 24	$876M	$106M	$89M
Q3 24	$815M	$151M	$139M
Q4 24	$844M	$31M	$47M
Q1 25	$907M	$108M	$79M
Q2 25	$1.0B	$141M	$59M
Q3 25	$944M	$156M	$69M
Q4 25	$733M	$173M	$117M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	1.2x	8.9x
Q2 23	1.1x	7.7x
Q3 23	0.9x	6.4x
Q4 23	0.9x	5.6x
Q1 24	0.8x	5.4x
Q2 24	0.7x	5.5x
Q3 24	0.7x	5.5x
Q4 24	0.7x	7.4x
Q1 25	0.8x	10.2x
Q2 25	0.7x	12.2x
Q3 25	0.7x	15.6x
Q4 25	0.7x	10.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$125M	$117M
Q2 23	$150M	$81M
Q3 23	$77M	$75M
Q4 23	$181M	$138M
Q1 24	$406M	$403M
Q2 24	$53M	$53M
Q3 24	$69M	-$15M
Q4 24	$236M	-$282M
Q1 25	$166M	$90M
Q2 25	$95M	$13M
Q3 25	$129M	$117M
Q4 25	$177M	$166M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$8M
Q2 23	$68M
Q3 23	$2M
Q4 23	$43M
Q1 24	$2M
Q2 24	$0
Q3 24	$85M
Q4 24	$518M
Q1 25	$76M
Q2 25	$81M
Q3 25	$12M
Q4 25	$11M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+328.1%	+400.3%
Q2 23	+137.5%	+170.8%
Q3 23	+237.2%	+263.8%
Q4 23	-3.1%	-13.9%
Q1 24	+15.6%	+16.5%
Q2 24	+91.5%	+95.6%
Q3 24	+16.6%	+17.9%
Q4 24	-10.1%	+6.1%
Q1 25	-10.2%	-5.8%
Q2 25	+19.1%	+25.1%
Q3 25	+15.9%	+29.5%
Q4 25	-13.2%	-22.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$283K	0.0%
Q2 23	$862K	0.2%
Q3 23	$2M	0.3%
Q4 23	-$1M	-0.1%
Q1 24	$663K	0.1%
Q2 24	$409K	0.0%
Q3 24	$567K	0.1%
Q4 24	$377K	0.0%
Q1 25	$355K	0.0%
Q2 25	$583K	0.1%
Q3 25	$448K	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 23	$11M	$36M	—
Q2 23	$11M	$35M	—
Q3 23	$11M	$31M	—
Q4 23	—	$60M	—
Q1 24	$17M	$26M	—
Q2 24	$18M	—	—
Q3 24	$11M	—	—
Q4 24	$26M	—	—
Q1 25	$21M	—	—
Q2 25	$17M	—	—
Q3 25	$19M	—	—
Q4 25	—	—	$56M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$329M	$3M	$332M
Q2 23	$330M	$3M	$333M
Q3 23	$298M	$3M	$301M
Q4 23	$287M	$3M	$290M
Q1 24	$329M	$2M	$331M
Q2 24	$264M	$3M	$267M
Q3 24	$313M	$3M	$316M
Q4 24	$280M	$3M	$282M
Q1 25	$280M	$3M	$283M
Q2 25	$322M	$2M	$323M
Q3 25	$293M	$2M	$295M
Q4 25	$242M	$2M	$244M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	134M	+0.2%
Q2 23	133M	-0.4%
Q3 23	132M	-0.7%
Q4 23	131M	-0.9%
Q1 24	132M	+0.7%
Q2 24	133M	+0.6%
Q3 24	133M	-0.1%
Q4 24	140M	+5.2%
Q1 25	152M	+8.9%
Q2 25	152M	-0.2%
Q3 25	152M	+0.1%
Q4 25	152M	-0.1%