Bw Lpg (BWLP) Gross Margin (2023 - 2025)
Bw Lpg (BWLP) posted quarterly Gross Margin of 157.58% for Q4 2025, up 7280.0% year-on-year from 2.14% in Q4 2024, and up 79.71% on a QoQ basis from 87.68% in Q3 2025.
Bw Lpg (BWLP) Gross Margin (2023 - 2025) Analysis & Trends
Bw Lpg (BWLP) has reported Gross Margin for 3 consecutive years, with 157.58% the latest figure, recorded in Q4 2025.
- Quarterly Gross Margin rose 7280.0% year-over-year to 157.58% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 72.31% (down 1766.0% YoY) and the FY2025 annual result came in at 83.26%, up 209.0% from the prior year.
- Gross Margin grew to 157.58% in Q4 2025 per BWLP's latest filing, from 87.68% in the prior quarter.
- Over the last five years, Gross Margin for BWLP reached as high as 157.58% in Q4 2025 and fell as low as 84.78% in Q4 2024.
- A 3-year average of 96.16% and a median of 92.19% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin tumbled 752 bps — and 2025, when it surged 7280 bps.
- Year by year, Gross Margin stood at 92.3% in 2023, then dropped by 8 bps to 84.78% in 2024, then jumped by 86 bps to 157.58% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 157.58%, 87.68%, and 86.11% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 89.73% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 76.80% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 68.62% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | - |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.17% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 23.85% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 41.52% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 93.41% |
| 10 | Bw Lpg | 3.29 Bn | 3.14 Bn | -345.66 Mn | 157.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 157.58% |
| Sep 30, 2025 | 87.68% |
| Jun 30, 2025 | 86.11% |
| Mar 31, 2025 | 87.98% |
| Dec 31, 2024 | 84.78% |
| Sep 30, 2024 | 91.93% |
| Jun 30, 2024 | 92.19% |
| Mar 31, 2024 | 92.58% |
| Dec 31, 2023 | 92.30% |
| Jun 30, 2023 | 92.32% |
| Mar 31, 2023 | 92.29% |