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Dorian LPG vs Pangaea Logistics Solutions: LPG and PANL compared
Dorian LPG is the larger company: $221M of revenue in its latest quarter (Q2 FY27) against $219M for Pangaea Logistics Solutions (Q3 2026). Dorian LPG is growing faster (+78% against +30% a year earlier). Dorian LPG is more profitable, with an operating margin of 97.3% against 19.9%.
Where the money goes: LPG and PANL
Dorian LPG (LPG) · Q2 FY27
Dorian LPG, Q2 FY27: revenue $221M (+78% year over year), operating margin 97.3%, net earnings $214M, operating cash flow $205M. The chart follows the revenue to costs, profit and cash.
Pangaea Logistics Solutions (PANL) · Q3 2026
Pangaea Logistics Solutions, Q3 2026: revenue $219M (+30% year over year), operating margin 19.9%, net earnings $38.3M, operating cash flow $57.3M. The chart follows the revenue to costs, profit and cash.
| Dorian LPG (LPG) | Pangaea Logistics Solutions (PANL) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $221M | $219M |
| Revenue growth, Y/Y | +78% | +30% |
| Operating margin | 97.3% | 19.9% |
| Net earnings | $214M | $38.3M |
| Net margin | 96.6% | 17.5% |
| Operating cash flow | $205M | $57.3M |
| Free cash flow | $148M | $55.2M |
Where the revenue comes from
Pangaea Logistics Solutions
- Voyage revenue: $193M (88%)
- Charter revenue: $18.8M (9%)
- All other revenue: $7.1M (3%)
Questions
Which is bigger, Dorian LPG or Pangaea Logistics Solutions?
Dorian LPG is the larger company: $221M of revenue in its latest quarter (Q2 FY27) against $219M for Pangaea Logistics Solutions (Q3 2026).
Is Dorian LPG or Pangaea Logistics Solutions growing faster?
Dorian LPG is growing faster (+78% against +30% a year earlier).
Which is more profitable, Dorian LPG or Pangaea Logistics Solutions?
Dorian LPG is more profitable, with an operating margin of 97.3% against 19.9%.
More: Dorian LPG earnings · how Dorian LPG makes money · Pangaea Logistics Solutions earnings · how Pangaea Logistics Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.