A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DHT SEC filings page.
DHT HOLDINGS, INC. (DHT) reported $498.4M in revenue for fiscal year 2025, down 12.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profitability is decoupling from volume as lower financing costs and asset-backed cash generation reshape returns.
2025 revenue fell to$498M , yet net income reached$211M as interest expense dropped to$14M ; the margin expansion therefore reflects financing relief and the business mix or cost structure, not simply more sales. Operating cash flow of$277M still exceeded earnings, consistent with substantial noncash depreciation supporting cash conversion quality.
The company operates with a large asset base relative to revenue:
Balance-sheet leverage remains moderate at 0.4x debt to equity, while the current ratio recovered to 2.8x from
Financial Health Signals
DHT HOLDINGS, INC. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
DHT HOLDINGS, INC. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, DHT HOLDINGS, INC. generates $1.31 in operating cash flow ($276.6M OCF vs $211.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
DHT HOLDINGS, INC. held $79.0M in cash against $428.7M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
DHT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q3'256-K | Q4'2420-F | Q3'246-K | Q4'2310-K | Q3'2310-Q | Q4'2210-K | Q3'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $107.3M-24.5% | N/A | $142.1M+8.0% | N/A | $131.6M+19.7% | N/A | $109.9M+86.0% |
| Interest Expense | N/A | $2.6M-64.7% | N/A | $7.3M-16.7% | N/A | $8.8M+26.7% | N/A | $6.9M+9.3% |
| Income Tax | N/A | $93K+17.7% | N/A | $79K-42.3% | N/A | $137K-44.3% | N/A | $246K+153.6% |
| Net Income | N/A | $44.8M+27.3% | N/A | $35.2M+13.6% | N/A | $31.0M+315.3% | N/A | $7.5M+135.5% |
| Diluted Shares (Avg) | N/A | 161M-0.4% | N/A | 162M-0.2% | N/A | 162M-0.7% | N/A | 163M-2.7% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted).
DHT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q3'256-K | Q4'2420-F | Q3'246-K | Q4'2310-K | Q3'2310-Q | Q4'2210-K | Q3'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B+7.8% | $1.4B-5.2% | $1.5B-0.4% | $1.5B-1.5% | $1.5B-1.1% | $1.5B+2.1% | $1.5B-6.3% | $1.5B-9.4% |
| Current Assets | $208.9M+3.5% | $146.6M-19.2% | $201.9M+0.7% | $181.5M+1.3% | $200.5M-14.9% | $179.2M+5.2% | $235.6M+78.5% | $170.4M+43.7% |
| Cash & Equivalents | $79.0M+1.1% | $81.3M+10.1% | $78.1M+4.6% | $73.8M-0.1% | $74.7M-40.7% | $73.9M+12.5% | $125.9M+107.6% | $65.7M+1.9% |
| Inventory | $24.7M-34.5% | $23.5M | $37.7M+11.5% | N/A | $33.8M | N/A | N/A | N/A |
| Goodwill | $1.4M0.0% | $1.4M0.0% | $1.4M0.0% | $1.4M0.0% | $1.4M0.0% | $1.4M0.0% | $1.4M | $1.4M |
| Total Liabilities | $469.7M+5.8% | $302.4M-31.1% | $443.9M-3.6% | $438.9M-6.8% | $460.6M+5.9% | $471.0M+4.9% | $435.0M-22.6% | $449.1M-20.1% |
| Current Liabilities | $74.7M-31.8% | $60.8M-19.2% | $109.6M+93.6% | $75.3M-4.4% | $56.6M-12.1% | $78.8M+16.0% | $64.4M+53.5% | $67.9M+87.2% |
| Non-Current Liabilities | $395.0M+18.2% | $241.6M-33.6% | $334.3M-17.2% | $363.6M-7.3% | $404.0M+9.0% | $392.2M+2.9% | $370.6M-28.7% | $381.2M-27.5% |
| Long-Term Debt | $428.7M+4.7% | $268.5M-34.1% | $409.4M-4.5% | $407.6M-6.6% | $428.7M+8.1% | $436.6M+4.2% | $396.7M-24.0% | $418.9M-20.2% |
| Total Equity | $1.1B+8.7% | $1.1B+5.8% | $1.0B+1.1% | $1.0B+0.9% | $1.0B-3.9% | $1.0B+0.9% | $1.1B+2.5% | $1.0B-3.7% |
| Retained Earnings | -$96.2M+48.4% | -$133.1M+35.4% | -$186.3M+9.8% | -$205.9M+2.3% | -$206.5M-14.3% | -$210.8M+10.7% | -$180.7M+18.8% | -$236.1M-9.3% |
Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments.
DHT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q3'256-K | Q4'2420-F | Q3'246-K | Q4'2310-K | Q3'2310-Q | Q4'2210-K | Q3'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $73.0M+10.9% | $60.9M-24.0% | $65.8M+55.6% | $80.1M+43.8% | $42.3M-53.2% | $55.7M+917.0% | $90.3M+377.5% | $5.5M+274.8% |
| Depreciation & Amortization | $27.0M-2.3% | $26.0M-7.7% | $27.6M-3.0% | $28.1M-0.7% | $28.5M+2.8% | $28.3M-6.2% | $27.7M-15.4% | $30.2M-4.8% |
| Investing Cash Flow | -$205.7M-1483.0% | $11.5M+141.3% | -$13.0M-490.0% | -$27.9M+70.0% | -$2.2M-34.4% | -$93.0M-368.9% | -$1.6M+87.5% | $34.6M+25.2% |
| Financing Cash Flow | $130.5M+372.4% | -$73.8M-43.0% | -$47.9M-21.2% | -$51.6M-166.8% | -$39.5M-36.2% | -$19.3M+75.8% | -$29.0M-202.5% | -$79.8M-550.6% |
| Dividends Paid | $28.9M-18.5% | $38.6M-11.5% | $35.5M+16.1% | $43.6M-23.1% | $30.6M+370.1% | $56.7M+770.9% | $6.5M+95.2% | $6.5M+94.3% |
| Share Buybacks | N/A | N/A | N/A | N/A | $0 | $9.9M+12.5% | $0-100.0% | $8.8M+31.3% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow.
DHT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q3'256-K | Q4'2420-F | Q3'246-K | Q4'2310-K | Q3'2310-Q | Q4'2210-K | Q3'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | N/A | 41.7%+17.0pp | N/A | 24.8%+1.2pp | N/A | 23.5%+16.8pp | N/A | 6.8%+42.4pp |
| Return on Equity | N/A | 4.1%+0.7pp | N/A | 3.4%+0.4pp | N/A | 3.0%+2.3pp | N/A | 0.7%+2.7pp |
| Return on Assets | N/A | 3.2%+0.8pp | N/A | 2.4%+0.3pp | N/A | 2.1%+1.6pp | N/A | 0.5%+1.8pp |
| Current Ratio | 2.80+1.0x | 2.410.0x | 1.84-1.7x | 2.41+0.1x | 3.54-0.1x | 2.28-0.2x | 3.66+0.5x | 2.51-0.8x |
| Debt-to-Equity | 0.380.0x | 0.25-0.1x | 0.390.0x | 0.390.0x | 0.420.0x | 0.430.0x | 0.37-0.1x | 0.41-0.1x |
| Asset Turnover | N/A | 0.080.0x | N/A | 0.100.0x | N/A | 0.090.0x | N/A | 0.070.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| DHT HOLDINGS, INC. DHT | FY2025 | $498.4M | $211.0M | 42.3% | $3.8B | — |
| Teekay Tankers Ltd. TNK | FY2025 | $951.8M | $351.2M | 36.9% | $3.4B | 67/100 |
| Global Partners LP GLP | FY2025 | $18.6B | $98.0M | 0.5% | $1.6B | 40/100 |
| FLEX LNG Ltd. FLNG | FY2025 | $347.6M | $74.8M | 21.5% | $1.7B | 49/100 |
| DORIAN LPG LTD LPG | FY2026 | $481.5M | $193.7M | 40.2% | $2.4B | 56/100 |
| NAVIGATOR HOLDINGS LTD. NVGS | FY2025 | $587.0M | $100.1M | 17.1% | $1.4B | 59/100 |
Where DHT HOLDINGS, INC. Ranks
Frequently Asked Questions
What is DHT HOLDINGS, INC.'s annual revenue?
DHT HOLDINGS, INC. (DHT) reported $498.4M in total revenue for fiscal year 2025. This represents a -12.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is DHT HOLDINGS, INC.'s revenue growing?
DHT HOLDINGS, INC. (DHT) revenue declined by 12.8% year-over-year, from $571.8M to $498.4M in fiscal year 2025.
Is DHT HOLDINGS, INC. profitable?
Yes, DHT HOLDINGS, INC. (DHT) reported a net income of $211.0M in fiscal year 2025, with a net profit margin of 42.3%.
How much debt does DHT HOLDINGS, INC. have?
As of fiscal year 2025, DHT HOLDINGS, INC. (DHT) had $79.0M in cash and equivalents against $428.7M in long-term debt.
What is DHT HOLDINGS, INC.'s net profit margin?
DHT HOLDINGS, INC. (DHT) had a net profit margin of 42.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is DHT HOLDINGS, INC.'s return on equity (ROE)?
DHT HOLDINGS, INC. (DHT) has a return on equity of 18.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is DHT HOLDINGS, INC.'s operating cash flow?
DHT HOLDINGS, INC. (DHT) generated $276.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are DHT HOLDINGS, INC.'s total assets?
DHT HOLDINGS, INC. (DHT) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What is DHT HOLDINGS, INC.'s current ratio?
DHT HOLDINGS, INC. (DHT) had a current ratio of 2.80 as of fiscal year 2025, which is generally considered healthy.
What is DHT HOLDINGS, INC.'s debt-to-equity ratio?
DHT HOLDINGS, INC. (DHT) had a debt-to-equity ratio of 0.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is DHT HOLDINGS, INC.'s return on assets (ROA)?
DHT HOLDINGS, INC. (DHT) had a return on assets of 13.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is DHT HOLDINGS, INC.'s P/E ratio?
DHT HOLDINGS, INC. (DHT) trades at 18.1x earnings, its market capitalization divided by net income of $211.0M net income, FY2025. The market capitalization is $3.8B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is DHT HOLDINGS, INC.'s price-to-sales ratio?
DHT HOLDINGS, INC. (DHT) trades at 7.7x sales, its market capitalization divided by revenue of $498.4M revenue, FY2025. The market capitalization is $3.8B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is DHT HOLDINGS, INC.'s Piotroski F-Score?
DHT HOLDINGS, INC. (DHT) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are DHT HOLDINGS, INC.'s earnings high quality?
DHT HOLDINGS, INC. (DHT) has an earnings quality ratio of 1.31x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.