Dht Holdings Inc Financials

DHT

FY2025 annual

Revenue $498.4M -12.8% YoY

Net Income $211.0M +16.3% YoY

EPS (Diluted) Not reported for FY2025

Free Cash Flow Not reported for FY2025

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

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).

Rhea AI DHT FY2025 2026-08-15

High depreciation and modest leverage let cash earnings stay resilient even when revenue pulls back year to year.

In FY2025, operating cash flow exceeded net income by $65.7M, while depreciation was $106.4M. Because the same cash-over-earnings pattern also appeared in FY2024, the company looks like one where accounting profit is regularly converted into cash and then lifted further by large non-cash depreciation rather than by short-lived accrual effects.

Despite lower revenue in FY2025, net margin widened to 42.3% from 31.7%. Return on assets also reached 13.2%, reinforcing that the higher profitability was showing up in the asset base rather than only through financing effects, so the year was driven more by better economics per sales dollar than by top-line expansion.

The balance sheet is sturdier than the retained-earnings line implies: debt to equity was 0.4x, and the current ratio was 2.8x in FY2025. But retained earnings were still -$96.2M, so recent profits are still repairing an older cumulative deficit rather than extending a long uninterrupted profit history.

Financial Health Signals

Financial health score not available

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.

Piotroski F-Score Partial

6/8

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.

Earnings Quality Cash-Backed

1.31x

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

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Earnings & Revenue

Revenue

$498.4M

YoY-12.8%

5Y CAGR-6.3%

10Y CAGR+13.9%

Dht Holdings Inc generated $498.4M in revenue in fiscal year 2025. This represents a decrease of 12.8% from the prior year.

Net Income

$211.0M

YoY+16.3%

5Y CAGR-4.6%

Dht Holdings Inc reported $211.0M in net income in fiscal year 2025. This represents an increase of 16.3% from the prior year.

EBITDA

Not reported for fiscal year 2025.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$79.0M

YoY+1.1%

5Y CAGR+2.9%

10Y CAGR-7.2%

Dht Holdings Inc held $79.0M in cash against $428.7M in long-term debt as of fiscal year 2025.

Shares Outstanding

161M

YoY+0.5%

5Y CAGR-1.2%

Dht Holdings Inc had 161M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

42.3%

YoY+10.6pp

5Y CAGR+3.8pp

10Y CAGR+120.1pp

Dht Holdings Inc's net profit margin was 42.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.6 percentage points from the prior year.

Return on Equity

18.6%

YoY+1.2pp

5Y CAGR-5.4pp

Dht Holdings Inc's ROE was 18.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

None of these metrics is reported for fiscal year 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.

DHT annual income statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Revenue	$498.4M-12.8%	$571.8M+2.0%	$560.6M+23.4%	$454.1M+53.5%	$295.9M-57.2%	$691.0M+29.1%	$535.1M+42.3%	$375.9M+5.9%	$355.1M+776.4%	$40.5M-70.1%	$135.3M
Income Tax	$413K-32.1%	$608K-6.3%	$649K+10.6%	$587K+63.1%	$360K-60.0%	$900K+587.0%	$131K+57.8%	$83K-36.6%	$131K	N/A	N/A
Net Income	$211.0M+16.3%	$181.5M+12.4%	$161.4M+160.4%	$62.0M+638.6%	-$11.5M-104.3%	$266.3M+261.4%	$73.7M+257.0%	-$46.9M-810.8%	$6.6M+171.3%	-$9.3M+91.2%	-$105.3M

Metric	Q4'25	Q3'25	Q4'24	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22
Revenue	N/A	$107.3M	N/A	$142.1M	N/A	$131.6M	N/A	$109.9M
Income Tax	N/A	$93K	N/A	$79K	N/A	$137K	N/A	$246K
Net Income	N/A	$44.8M	N/A	$35.2M	N/A	$31.0M	N/A	$7.5M

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, 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.

DHT annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Total Assets	$1.6B+7.8%	$1.5B-0.4%	$1.5B-1.1%	$1.5B-6.3%	$1.6B-0.8%	$1.6B-11.2%	$1.8B-2.0%	$1.9B+7.7%	$1.7B+23.3%	$1.4B	N/A
Current Assets	$208.9M+3.5%	$201.9M+0.7%	$200.5M-14.9%	$235.6M+78.5%	$132.0M+11.6%	$118.3M-45.8%	$218.3M+12.9%	$193.3M+15.7%	$167.1M-6.4%	$178.5M	N/A
Cash & Equivalents	$79.0M+1.1%	$78.1M+4.6%	$74.7M-40.7%	$125.9M+107.6%	$60.7M-11.6%	$68.6M+1.9%	$67.4M-29.1%	$94.9M+22.8%	$77.3M-29.3%	$109.3M-34.5%	$166.8M
Inventory	$24.7M-34.5%	$37.7M+11.5%	$33.8M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.4M0.0%	$1.4M0.0%	$1.4M0.0%	$1.4M	$0	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$469.7M+5.8%	$443.9M-3.6%	$460.6M+5.9%	$435.0M-22.6%	$562.0M+9.5%	$513.0M-42.7%	$894.8M-10.7%	$1.0B+24.6%	$804.6M+11.9%	$718.7M	N/A
Current Liabilities	$74.7M-31.8%	$109.6M+93.6%	$56.6M-12.1%	$64.4M+53.5%	$41.9M-12.5%	$47.9M-63.2%	$130.2M+5.3%	$123.7M+49.0%	$83.0M+11.7%	$74.3M	N/A
Long-Term Debt	$428.7M+4.7%	$409.4M-4.5%	$428.7M+8.1%	$396.7M-24.0%	$522.3M+16.1%	$450.0M	N/A	$967.3M	N/A	N/A	N/A
Total Equity	$1.1B+8.7%	$1.0B+1.1%	$1.0B-3.9%	$1.1B+2.5%	$1.0B-5.6%	$1.1B+18.9%	$932.4M+8.2%	$861.7M-6.9%	$925.9M+35.2%	$685.0M	N/A
Retained Earnings	-$96.2M+48.4%	-$186.3M+9.8%	-$206.5M-14.3%	-$180.7M+18.8%	-$222.4M-17.9%	-$188.7M+21.4%	-$240.2M+15.8%	-$285.4M-28.5%	-$222.1M-8.3%	-$205.1M	N/A

Metric	Q4'25	Q3'25	Q4'24	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22
Total Assets	$1.6B+14.7%	$1.4B-6.0%	$1.5B+0.8%	$1.5B-1.2%	$1.5B-0.4%	$1.5B-0.7%	$1.5B+2.9%	$1.5B
Current Assets	$208.9M+42.5%	$146.6M-27.4%	$201.9M+11.2%	$181.5M-9.5%	$200.5M+11.9%	$179.2M-23.9%	$235.6M+38.2%	$170.4M
Cash & Equivalents	$79.0M-2.7%	$81.3M+4.0%	$78.1M+5.8%	$73.8M-1.2%	$74.7M+1.1%	$73.9M-41.3%	$125.9M+91.7%	$65.7M
Inventory	$24.7M+5.0%	$23.5M-37.7%	$37.7M	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%	$1.4M0.0%	$1.4M
Total Liabilities	$469.7M+55.3%	$302.4M-31.9%	$443.9M+1.1%	$438.9M-4.7%	$460.6M-2.2%	$471.0M+8.3%	$435.0M-3.1%	$449.1M
Current Liabilities	$74.7M+22.9%	$60.8M-44.5%	$109.6M+45.6%	$75.3M+33.0%	$56.6M-28.1%	$78.8M+22.3%	$64.4M-5.2%	$67.9M
Long-Term Debt	$428.7M+59.7%	$268.5M-34.4%	$409.4M+0.4%	$407.6M-4.9%	$428.7M-1.8%	$436.6M+10.1%	$396.7M-5.3%	$418.9M
Total Equity	$1.1B+3.4%	$1.1B+5.1%	$1.0B+0.7%	$1.0B+0.4%	$1.0B+0.5%	$1.0B-4.4%	$1.1B+5.6%	$1.0B
Retained Earnings	-$96.2M+27.7%	-$133.1M+28.6%	-$186.3M+9.5%	-$205.9M+0.3%	-$206.5M+2.0%	-$210.8M-16.7%	-$180.7M+23.5%	-$236.1M

Not reported in any period shown, so not listed: Accounts Receivable.

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.

DHT annual cash flow statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Operating Cash Flow	$276.6M-7.4%	$298.7M+18.8%	$251.4M+96.6%	$127.9M+111.2%	$60.6M-88.6%	$529.9M+239.8%	$156.0M+188.9%	$54.0M-47.0%	$101.8M	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	$48K-89.0%	$435K+450.6%	$79K-10.2%	$88K-54.4%	$193K+34.0%	-$144K-65.6%	-$419K
Free Cash Flow	N/A	N/A	N/A	N/A	$60.5M-88.6%	$529.4M+239.6%	$155.9M+189.2%	$53.9M-47.0%	$101.6M	N/A	N/A
Investing Cash Flow	-$166.4M-71.5%	-$97.0M+22.4%	-$125.0M-213.1%	$110.5M+227.7%	-$86.5M-223.8%	-$26.7M+49.9%	-$53.4M+71.6%	-$188.2M-0.9%	-$186.5M+12.4%	-$213.0M-69.2%	-$125.9M
Financing Cash Flow	-$109.5M+44.7%	-$197.9M-11.3%	-$177.8M-2.5%	-$173.3M-1064.8%	$18.0M+103.6%	-$501.9M-285.5%	-$130.2M-185.7%	$151.8M+188.0%	$52.7M+237.1%	-$38.5M+30.7%	-$55.5M
Dividends Paid	$118.9M-26.3%	$161.4M-13.5%	$186.7M+848.6%	$19.7M-10.9%	$22.1M-89.7%	$214.7M+648.4%	$28.7M+149.7%	$11.5M-50.8%	$23.3M-64.8%	$66.4M+34.9%	$49.2M
Share Buybacks	N/A	$13.2M-29.8%	$18.8M-24.0%	$24.8M-23.1%	$32.2M	N/A	$3.2M-35.4%	$5.0M	$0-100.0%	-$2.0M	$0

Metric	Q4'25	Q3'25	Q4'24	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22
Operating Cash Flow	$73.0M+19.8%	$60.9M-7.4%	$65.8M-17.9%	$80.1M+89.6%	$42.3M-24.1%	$55.7M-38.3%	$90.3M+1547.4%	$5.5M
Investing Cash Flow	-$205.7M-1887.2%	$11.5M+188.6%	-$13.0M+53.4%	-$27.9M-1166.6%	-$2.2M+97.6%	-$93.0M-5579.6%	-$1.6M-104.7%	$34.6M
Financing Cash Flow	$130.5M+276.9%	-$73.8M-53.9%	-$47.9M+7.1%	-$51.6M-30.4%	-$39.5M-104.5%	-$19.3M+33.4%	-$29.0M+63.6%	-$79.8M
Dividends Paid	$28.9M-25.0%	$38.6M+8.6%	$35.5M-18.5%	$43.6M+42.5%	$30.6M-46.0%	$56.7M+770.8%	$6.5M0.0%	$6.5M
Share Buybacks	N/A	N/A	N/A	N/A	$0-100.0%	$9.9M	$0-100.0%	$8.8M

DHT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

DHT annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Net Margin	42.3%+10.6pp	31.7%+3.0pp	28.8%+15.1pp	13.7%+17.5pp	-3.9%-42.4pp	38.5%+24.8pp	13.8%+26.2pp	-12.5%-14.3pp	1.9%+24.7pp	-22.9%+54.9pp	-77.8%
Return on Equity	18.6%+1.2pp	17.4%+1.8pp	15.6%+9.9pp	5.8%+6.9pp	-1.1%-25.1pp	24.0%+16.1pp	7.9%+13.4pp	-5.5%-6.2pp	0.7%+2.1pp	-1.4%	N/A
Return on Assets	13.2%+0.9pp	12.2%+1.4pp	10.8%+6.7pp	4.1%+4.8pp	-0.7%-17.1pp	16.4%+12.4pp	4.0%+6.6pp	-2.5%-2.9pp	0.4%+1.0pp	-0.7%	N/A
Current Ratio	2.80+1.0x	1.84-1.7x	3.54-0.1x	3.66+0.5x	3.15+0.7x	2.47+0.8x	1.68+0.1x	1.56-0.5x	2.01-0.4x	2.40	N/A
Debt-to-Equity	0.380.0x	0.390.0x	0.420.0x	0.37-0.1x	0.50+0.1x	0.41-0.6x	0.96-0.2x	1.12+0.3x	0.87-0.2x	1.05	N/A
FCF Margin	N/A	N/A	N/A	N/A	20.4%-56.2pp	76.6%+47.5pp	29.1%+14.8pp	14.3%-14.3pp	28.6%	N/A	N/A

Metric	Q4'25	Q3'25	Q4'24	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22
Net Margin	N/A	41.7%	N/A	24.8%	N/A	23.5%	N/A	6.8%
Return on Equity	N/A	4.1%	N/A	3.4%	N/A	3.0%	N/A	0.7%
Return on Assets	N/A	3.2%	N/A	2.4%	N/A	2.1%	N/A	0.5%
Current Ratio	2.80+0.4x	2.41+0.6x	1.84-0.6x	2.41-1.1x	3.54+1.3x	2.28-1.4x	3.66+1.1x	2.51
Debt-to-Equity	0.38+0.1x	0.25-0.1x	0.390.0x	0.390.0x	0.420.0x	0.43+0.1x	0.370.0x	0.41

Not reported in any period shown, so not listed: Gross Margin, Operating Margin.

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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.

How many shares does Dht Holdings Inc have outstanding?

Dht Holdings Inc (DHT) had 161M shares outstanding as of fiscal year 2025.

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 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.