DHT Holdings, Inc. (DHT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.14	$1.22	+7.0%	—	$285M	—
Q1 26	$0.62	$0.64	+3.2%	—	$186.5M	—
Q4 25	$0.4	$0.41	+2.5%	—	$144.2M	—
Q3 25	$0.17	$0.28	+64.7%	—	$107.3M	—
Q2 25	$0.24	$0.24	0.0%	—	$128.3M	—
Q1 25	$0.15	$0.27	+80.0%	—	$118.6M	—
Q4 24	$0.18	$0.17	-5.6%	—	$131.4M	—
Q3 24	$0.2	$0.22	+10.0%	—	$142.1M	—
Q2 24	$0.28	$0.27	-3.6%	—	$151.2M	—
Q1 24	$0.3	$0.29	-3.3%	—	$147M	—
Q4 23	$0.21	$0.22	+4.8%	—	$143.4M	—
Q3 23	$0.2	$0.19	-5.0%	—	$131.6M	—
Q2 23	$0.36	$0.35	-2.8%	—	$153M	—
Q1 23	$0.25	$0.24	-4.0%	—	$132.6M	—
Q4 22	$0.33	$0.38	+15.2%	—	$167.9M	—
Q3 22	-$0.01	$0.04	+500.0%	—	$109.9M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.31	—	—	$498.4M	—
FY24	—	$1.12	—	—	$571.8M	—
FY23	—	$0.99	—	—	$560.6M	—
FY22	—	$0.37	—	—	$454.1M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$356M	$355.1M	$375.9M	$535.1M	$691M	$295.9M	$454.1M	$560.6M	$571.8M	$498.4M
YoY change	-2.49%	-0.27%	+5.88%	+42.3%	+29.1%	-57.2%	+53.5%	+23.4%	+2%	-12.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	356M	355.1M	375.9M	535.1M	691M	295.9M	454.1M	560.6M	571.8M	498.4M
Cost of revenue	211.5M	282.5M	341.2M	381.4M	347M	298.9M	382.6M	350M	370.1M	307.5M
Gross profit	144.5M	72.6M	34.8M	153.7M	344M	-3M	71.6M	210.6M	201.7M	190.9M
Gross margin	40.6%	20.4%	9.25%	28.7%	49.8%	-1.01%	15.8%	37.6%	35.3%	38.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	19.4M	17.2M	15.1M	14.8M	17.9M	16.6M	16.9M	17.4M	18.9M	19.9M
Operating expenses	19.4M	17.2M	15.1M	14.8M	17.9M	12M	16.9M	17.4M	18.9M	18.9M
Operating income	125.1M	55.4M	19.7M	138.9M	326.2M	-15M	54.7M	193.1M	182.7M	172M
Operating margin	35.1%	15.6%	5.25%	26%	47.2%	-5.05%	12%	34.4%	32%	34.5%
Non-operating income, net	-80.7M	-9.1M	-7.8M	-9M	-19.4M	28.9M	35.8M	-504K	27.9M	52.8M
Pretax income	9.4M	6.7M	-46.8M	73.8M	267.2M	-11.1M	62.6M	162M	182.1M	211.4M
Income tax	95K	131K	83K	131K	900K	360K	587K	649K	608K	413K
Net income	9.3M	6.6M	-46.9M	73.7M	266.3M	-11.5M	62M	161.4M	181.5M	211M
Net margin	2.6%	1.86%	-12.5%	13.8%	38.5%	-3.89%	13.6%	28.8%	31.7%	42.3%
EBITDA	210.1M	153.5M	119.5M	254.6M	450.5M	115.6M	177.5M	304.5M	296.4M	279.1M
EPS	0.1	0.05	-0.33	0.51	1.71	-0.07	0.37	0.99	1.12	1.31
Diluted EPS	0.1	0.05	-0.33	0.51	1.61	-0.07	0.37	0.99	1.12	1.31

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	131.6M	143.4M	147M	151.2M	142.1M	131.4M	118.6M	128.3M	107.3M	144.2M	186.5M	285M
Cost of revenue	88.2M	95M	87M	94.6M	95.7M	92.8M	83.9M	80.9M	72.5M	70.2M	73.9M	76.2M
Gross profit	43.4M	48.4M	60.1M	56.6M	46.4M	38.6M	34.6M	47.4M	34.9M	74M	112.6M	208.8M
Gross margin	33%	33.8%	40.9%	37.4%	32.7%	29.3%	29.2%	37%	32.5%	51.3%	60.4%	73.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	4.3M	4M	4.7M	4.5M	4.2M	5.6M	5.5M	4.6M	4.1M	5.6M	5M	5.6M
Operating expenses	4.3M	4M	4.7M	4.5M	4.2M	5.6M	5.5M	4.6M	3.2M	5.6M	5M	5.6M
Operating income	39.1M	44.4M	55.4M	52.1M	42.3M	33M	29.1M	42.9M	31.7M	68.3M	107.7M	203.2M
Operating margin	29.7%	31%	37.7%	34.4%	29.7%	25.1%	24.5%	33.4%	29.6%	47.4%	57.7%	71.3%
Non-operating income, net	—	0	—	—	—	—	19.8M	17.5M	15.3M	184K	61.1M	1.3M
Pretax income	31.1M	35.5M	47.3M	44.6M	35.3M	54.9M	44.1M	56.1M	44.9M	66.3M	164.7M	198.4M
Income tax	137K	227K	206K	129K	79K	194K	84K	29K	93K	207K	126K	62K
Net income	31M	35.3M	47.1M	44.5M	35.2M	54.7M	44.1M	56M	44.8M	66.1M	164.5M	198.3M
Net margin	23.5%	24.6%	32%	29.4%	24.8%	41.6%	37.2%	43.7%	41.7%	45.8%	88.2%	69.6%
EBITDA	68.2M	73.2M	84.3M	80.4M	70.7M	88.9M	56.7M	68.9M	58.1M	95.4M	133.6M	231.3M
EPS	0.19	0.22	0.29	0.27	0.22	0.34	0.27	0.35	0.28	0.41	1.02	1.23
Diluted EPS	0.19	0.22	0.29	0.27	0.22	0.34	0.27	0.35	0.28	0.41	1.02	1.23

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	386.6M	—	—	1.2B	814.4M	877.6M	1.5B	1.6B	1.5B	2B	3.5B
Enterprise value	978.8M	—	—	2B	1.2B	1.3B	1.7B	1.9B	1.8B	2.3B	3.8B
Shares outstanding	93.4M	124.5M	143.4M	143.4M	155.7M	169.1M	164.7M	162.2M	161.4M	160.7M	160.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	41.8	—	—	16.1	3.06	—	23.6	9.86	8.26	9.3	7.51
P/S	1.09	—	—	2.22	1.18	2.97	3.22	2.84	2.62	3.94	4.46
P/B	0.56	—	—	1.27	0.73	0.84	1.36	1.54	1.44	1.73	2.68
EV/EBITDA	4.66	—	—	7.74	2.65	11.6	9.77	6.39	6.18	8.29	6.51
EV/Sales	2.75	—	—	3.68	1.73	4.54	3.82	3.47	3.2	4.64	4.75
Earnings yield	2.39%	—	—	6.2%	32.7%	—	4.24%	10.1%	12.1%	10.8%	13.3%
FCF yield	-10.7%	—	—	8.59%	61.7%	-13%	8.05%	7.74%	13.5%	-1.7%	-0.95%
PEG	—	—	—	—	—	—	—	—	—	—	0.03

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	40.6%	20.4%	9.25%	28.7%	49.8%	-1.01%	15.8%	37.6%	35.3%	38.3%	73.3%
Operating margin	35.1%	15.6%	5.25%	26%	47.2%	-5.05%	12%	34.4%	32%	34.5%	71.3%
Net margin	2.6%	1.86%	-12.5%	13.8%	38.5%	-3.89%	13.6%	28.8%	31.7%	42.3%	59.3%
ROE	1.35%	0.71%	-5.45%	7.9%	24%	-1.1%	5.77%	15.6%	17.4%	18.6%	39.2%
ROA	0.66%	0.38%	-2.52%	4.03%	16.4%	-0.72%	4.11%	10.8%	12.2%	13.2%	18.7%
ROIC	9.69%	3.32%	1.14%	8.08%	21.8%	-0.99%	4.03%	13.9%	13.2%	11.6%	25.6%
Return on tangible assets	0.66%	0.38%	-2.52%	4.03%	16.4%	-0.72%	4.12%	10.8%	12.2%	13.2%	26.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.4	2.01	1.56	1.68	2.47	3.15	3.66	3.54	1.84	2.8	3.64
Quick ratio	2.3	1.73	1.3	1.41	2.22	2.35	3.15	2.94	1.5	2.47	3.32
Debt / equity	1.02	0.85	1.12	0.91	0.41	0.5	0.37	0.42	0.39	0.38	0.33
Debt / assets	0.5	0.45	0.52	0.47	0.28	0.33	0.26	0.29	0.28	0.27	0.24
Net debt / EBITDA	2.82	4.62	7.3	3.08	0.85	4.02	1.53	1.17	1.12	1.26	0.53
Interest coverage	1.27	1.17	0.14	2.33	7.96	0.57	3.39	5.9	6.99	15.9	31.2
Effective tax rate	1.02%	1.95%	0%	0.18%	0.34%	0%	0.94%	0.4%	0.33%	0.2%	0.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	3.81	2.85	2.62	3.73	4.44	1.75	2.76	3.46	3.54	3.1	4.96
EPS (basic)	0.1	0.05	-0.33	0.51	1.71	-0.07	0.37	0.99	1.12	1.31	1.31
EPS (diluted)	0.1	0.05	-0.33	0.51	1.61	-0.07	0.37	0.99	1.12	1.31	2.94
Book value per share	7.34	7.43	6.01	6.5	7.12	6.19	6.52	6.36	6.46	7.05	8.25
FCF per share	-0.44	-1.58	-1.26	0.71	3.23	-0.67	0.72	0.76	1.25	-0.21	0.22
Cash per share	1.17	0.62	0.66	0.47	0.44	0.36	0.76	0.46	0.48	0.49	1.01
Capex per share	2.28	1.5	1.31	0.38	0.18	0.52	0.62	0.79	0.6	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	59.9%	52.7%	50.2%	10.1%	3.99%	29.6%	22.5%	22.9%	17%	—	—
Capex / operating cash flow	183.5%	215.3%	478.7%	36.3%	5.3%	96.8%	63.2%	49.3%	30.3%	—	—
Payout ratio	716.8%	353.3%	-24.5%	38.9%	80.6%	-191.9%	31.8%	115.7%	88.9%	56.4%	50%
Dividend yield	17.2%	—	—	2.42%	26.4%	2.52%	1.35%	11.7%	10.8%	6.06%	22.3%

Yield

22.3%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.22

ex-dividend Aug 17, 2026

Payout ratio

50%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 17, 2026	$1.22
May 21, 2026	$0.64
Feb 19, 2026	$0.41

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$131.6M	$143.4M	$147M	$151.2M	$142.1M	$131.4M	$118.6M	$128.3M	$107.3M	$144.2M	$186.5M	$285M
YoY change	+19.7%	-14.6%	+10.9%	-1.18%	+8.01%	-8.36%	-19.4%	-15.2%	-24.5%	+9.72%	+57.3%	+122.1%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	109.3M	77.3M	94.9M	67.4M	68.6M	60.4M	125.9M	74.7M	78.1M	79M
Receivables	34.5M	42.2M	60.2M	107.8M	30.1M	30.4M	59.5M	75.8M	53.7M	53.3M
Inventory	7.9M	23.7M	32.2M	34.1M	11.9M	33.4M	33.1M	33.8M	37.7M	24.7M
Total current assets	178.5M	167.1M	193.3M	218.3M	118.3M	132M	235.6M	200.5M	201.9M	208.9M
Property, plant & equipment	-340.3M	-244.2M	-386.1M	-453.8M	-574.1M	-634.3M	-661.7M	-762.5M	-699.4M	-419.9M
Goodwill & intangibles	—	—	—	—	—	0	2.7M	2.7M	2.7M	2.7M
Total assets	1.4B	1.7B	1.9B	1.8B	1.6B	1.6B	1.5B	1.5B	1.5B	1.6B
Accounts payable	3.6M	8.9M	10.9M	7.9M	2.8M	11.1M	14.6M	9.2M	10M	10.9M
Short-term debt	57.5M	65.1M	93.8M	100.4M	3.4M	10.4M	30.8M	31.7M	80M	40.5M
Total current liabilities	74.3M	83M	123.7M	130.2M	47.9M	41.9M	64.4M	56.6M	109.6M	74.7M
Long-term debt	644M	721.2M	873.5M	750.6M	446.6M	515.2M	367.1M	398.4M	330.8M	389.2M
Total liabilities	718.7M	804.6M	1B	894.8M	513M	562M	435M	460.6M	443.9M	469.7M
Shareholders' equity	685M	925.9M	861.7M	932.4M	1.1B	1B	1.1B	1B	1B	1.1B
Total debt	701.5M	786.2M	967.3M	851M	450M	525.6M	397.9M	430.1M	410.8M	429.7M
Net debt	592.2M	708.9M	872.3M	783.6M	381.3M	465.2M	271.9M	355.4M	332.7M	350.7M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	73.9M	74.7M	73.1M	72.6M	73.8M	78.1M	80.5M	82.7M	81.3M	79M	126.2M	161.7M
Receivables	55.7M	75.8M	80.6M	70.4M	58.6M	53.7M	50.5M	40M	34M	53.3M	85.3M	87.1M
Inventory	37.8M	33.8M	37.4M	36.8M	33.3M	37.7M	33M	30.7M	23.5M	24.7M	30.2M	26.8M
Total current assets	179.2M	200.5M	203.4M	195.7M	181.5M	201.9M	172M	193.7M	146.6M	208.9M	267.1M	302.7M
Property, plant & equipment	-800.1M	-762.5M	-785.1M	-760.9M	-759.5M	-699.4M	-698.1M	-617.3M	-602.7M	-419.9M	-657.5M	-675.5M
Goodwill & intangibles	2.7M	2.7M	2.7M	2.7M	2.7M	2.7M	2.7M	2.7M	2.7M	2.7M	2.7M	2.7M
Total assets	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.4B	1.4B	1.6B	1.8B	1.8B
Accounts payable	—	9.2M	—	—	—	10M	—	—	—	10.9M	—	—
Short-term debt	47.9M	31.7M	36.2M	42M	48.3M	80M	78.8M	49.1M	31.6M	40.5M	105.6M	45.4M
Total current liabilities	78.8M	56.6M	61.7M	68.2M	75.3M	109.6M	107.9M	83.3M	60.8M	74.7M	146.1M	83.1M
Long-term debt	388.6M	398.4M	361.6M	372.6M	359.3M	330.8M	285.3M	253.7M	237M	389.2M	400.7M	389.4M
Total liabilities	471M	460.6M	428.3M	445.3M	438.9M	443.9M	396.6M	341.5M	302.4M	469.7M	552.3M	478.3M
Shareholders' equity	1B	1B	1B	1B	1B	1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.3B
Total debt	436.6M	430.1M	397.8M	414.6M	407.6M	410.8M	364.1M	302.8M	268.5M	429.7M	506.3M	434.8M
Net debt	362.7M	355.4M	324.7M	342M	333.8M	332.7M	283.6M	220.1M	187.3M	350.7M	380M	273.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	9.3M	6.6M	-46.9M	73.7M	266.3M	-11.5M	62M	161.4M	181.5M	211M
Depreciation & amortization	84.3M	96.8M	103.5M	115.6M	124.2M	128.6M	123.3M	108.9M	111.9M	106.4M
Stock-based compensation	7.4M	4.9M	2.6M	2.3M	5.1M	4.3M	4.1M	3.2M	4.3M	4.4M
Change in working capital	7.3M	-27.8M	-34.9M	-51.1M	118.4M	-33.6M	-30.5M	-16.6M	20.1M	18.6M
Operating cash flow	116.2M	86.9M	39.4M	148.5M	519.6M	90.5M	161.8M	259.9M	320.4M	276.6M
Capital expenditure	-213.3M	-187M	-188.6M	-53.9M	-27.6M	-87.5M	102.3M	-128.2M	-97M	—
Investing cash flow	-213.3M	-187M	-188.6M	-53.9M	-27.6M	-87.5M	110.5M	-125M	-97M	0
Dividends paid	-66.4M	-23.3M	-11.5M	-28.7M	-214.7M	-22.1M	-19.7M	-186.7M	-161.4M	-118.9M
Share repurchases	-2M	0	-5M	-3.2M	0	-32.2M	-24.8M	-18.8M	-13.2M	0
Financing cash flow	-38.5M	52.7M	151.8M	-130.2M	-501.9M	18M	-173.3M	-177.8M	-197.9M	-109.5M
Net change in cash	-135.5M	-47.4M	2.6M	-35.6M	-9.8M	20.9M	99M	-42.9M	25.4M	167.2M
Free cash flow	-41.5M	-196.6M	-181M	102.1M	502.3M	-114M	117.8M	123.2M	201.6M	-33.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	31M	35.3M	47.1M	44.5M	35.2M	54.7M	44.1M	56M	44.8M	66.1M	164.5M	198.3M
Depreciation & amortization	28.3M	28.5M	28.3M	27.9M	28.1M	27.6M	27.3M	26.1M	26M	27M	25.6M	27.8M
Stock-based compensation	716K	650K	991K	1M	903K	1.4M	1.9M	1.2M	661K	661K	989K	1.6M
Change in working capital	-4M	-15.8M	-15M	12.7M	18M	4.4M	8.3M	14.5M	12.2M	-16.4M	-40.8M	6.3M
Operating cash flow	56.7M	49.4M	62M	86.7M	82.9M	88.7M	82.1M	83.6M	60.9M	73M	98.7M	219.5M
Capital expenditure	-93M	-2.2M	-3.9M	-52.3M	-27.9M	-13M	16.7M	—	—	—	—	—
Investing cash flow	-93M	-2.2M	-3.9M	-52.3M	-27.9M	-13M	16.7M	—	—	—	—	—
Dividends paid	-56.7M	-30.6M	-35.5M	-46.8M	-43.6M	-35.5M	-27.3M	-24.1M	-38.6M	-28.9M	-66M	-103.1M
Share repurchases	-9.9M	0	—	0	0	-13.2M	—	—	—	—	—	—
Financing cash flow	-19.3M	-42.8M	-67.5M	-31M	-51.6M	-47.9M	-73.6M	-92.7M	-73.8M	130.5M	10.5M	-174.9M
Net change in cash	-55.7M	4.4M	-9.3M	3.5M	3.4M	27.8M	25.2M	-9.1M	-12.9M	203.5M	109.3M	44.6M
Free cash flow	-37.3M	40.1M	66M	30.6M	52.3M	52.8M	33.4M	43.7M	22.3M	-132.7M	-64.2M	210.4M

DHT Holdings, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history