BDCOOTCCrude Petroleum & Natural GasFiscal year ends December 31
BLUE DOLPHIN ENERGY CO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$14.20+1.01 (+7.64%)
Close on Oct 19, 2026
- Market cap
- $211.89M
- P/E (TTM)
- 8.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
3.1%+4.3 pts over 5 years
Operating margin
-0.5%+3.9 pts over 5 years
Net margin
-2.0%+6.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -12.0% | -16.9% | +9.8% | +2.3% | |
| Gross profit | +123.1% | -42.7% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -64.2% | 396.1% | -18.6% | |
| Return on assets | -19.2% | -20.5% | -5.6% | |
| Current ratio | 0.22 | 0.07 | 0.64 | |
| Debt to equity | 1.98 | -3.16 | – | |
| Net debt to EBITDA | -2.62× | -6.38× | – | |
| Interest coverage | -6.6× | -1.2× | -0.3× | |
| Inventory turnover | – | 130.7× | 8.1× | |
| Capex to revenue | 9.0% | 0.6% | 0.0% | |
| Diluted shares | 10M | 13M | 15M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Blue Dolphin Energy generated $58.77M from operations and spent $263.00K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$58.77M
Used
$263.00K
Capital expenditure$263.00K100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-2.0%
×Asset turnover2.78×
×Equity multiplier3.33×
=Return on equity, FY2025-18.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -2.0% | 2.78× | 3.33× | -18.6% |
| FY2024 | -2.7% | 3.05× | 2.79× | -23.2% |
| FY2023 | 7.8% | 4.17× | 3.64× | 118.8% |
| FY2022 | 6.7% | 6.49× | -11.52× | -504.5% |
| FY2021 | -4.3% | 4.44× | -3.94× | 74.6% |
| FY2020 | -8.3% | 2.48× | -19.28× | 396.1% |
| FY2019 | 2.4% | 4.35× | -81.63× | -845.6% |
| FY2018 | -0.2% | 4.73× | -14.46× | 10.5% |
| FY2017 | -8.6% | 3.47× | 12.43× | -373.1% |
| FY2016 | -9.4% | 2.04× | 3.35× | -64.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$5.60M
- Cash generatingOperating cash flow above zero-$766.00K
- Return on assets improvedROA up on the prior year-8.1% → -5.5%
- Earnings backed by cashOperating cash flow above net income-$766.00K vs -$5.60M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.70 → 0.64
- No dilutionShare count did not rise15M → 15M
- Gross margin improvedGross margin up on the prior year1.23% → 3.11%
- More efficientAsset turnover rose2.99 → 2.74