DHT

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DHT Holdings, Inc.

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Key Metrics

Previous Close: $19.99
52-Week Range: $10.83 – $20.55
Market Cap: $3.19B
P/E (TTM): 6.73
EPS (TTM): 2.94
Dividend Yield: 24.41%

Advanced Metrics

Price/Book: 2.40
PEG Ratio: 1.19
Return on Equity: 39.17%
Return on Assets: 18.75%
Gross Margin: 76.67%
Operating Margin: 71.31%
Profit Margin: 59.31%
Current Ratio: 3.64
Debt/Equity: 0.33
Total Debt: $441.86M
Free Cash Flow: $-33.46M
Revenue Growth: 95.50%
Earnings Growth: 252.30%
Enterprise Value: $3.47B

DHT Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$454.14M	$560.56M	$571.77M	$498.40M
Cost of Revenue	$382.57M	$350.00M	$370.10M	$307.45M
Gross Profit	$71.58M	$210.56M	$201.67M	$190.95M
Selling, General & Admin	$16.89M	$17.45M	$18.94M	$19.89M
Operating Expenses	$16.89M	$17.45M	$18.94M	$18.92M
Operating Income	$54.69M	$193.11M	$182.73M	$172.03M
EBITDA	$212.02M	$304.01M	$324.35M	$331.92M
Pretax Income	$62.57M	$162.05M	$182.07M	$211.38M
Income Tax	$587.00K	$649.00K	$608.00K	$413.00K
Net Income	$61.52M	$161.35M	$181.38M	$211.09M
Diluted EPS	0.37	0.99	1.12	1.31
Diluted Shares	164.85M	162.36M	161.44M	160.77M

DHT Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$125.95M	$74.74M	$78.14M	$79.03M
Receivables	$59.47M	$75.85M	$53.72M	$53.34M
Inventory	$33.07M	$33.81M	$37.69M	$24.68M
Current Assets	$235.59M	$200.50M	$201.89M	$208.91M
Total Assets	$1.51B	$1.49B	$1.49B	$1.60B
Current Liabilities	$64.37M	$56.60M	$109.61M	$74.72M
Long-Term Debt	$367.07M	$398.43M	$330.77M	$389.24M
Total Debt	$397.87M	$430.14M	$410.81M	$429.74M
Total Liabilities	$434.99M	$460.56M	$443.89M	$469.69M
Retained Earnings	-$180.66M	-$206.48M	-$186.32M	-$96.22M
Shareholders' Equity	$1.07B	$1.03B	$1.04B	$1.13B
Working Capital	$171.22M	$143.89M	$92.28M	$134.19M
Net Debt	$270.75M	$353.99M	$331.28M	$349.71M

DHT Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$127.91M	$251.41M	$298.65M	$276.65M
Capital Expenditure	-$10.14M	-$128.23M	-$97.03M	-$309.94M
Free Cash Flow	$117.76M	$123.18M	$201.62M	-$33.29M
Depreciation & Amortisation	$123.25M	$108.90M	$111.88M	$106.37M
Stock-Based Compensation	$4.13M	$3.23M	$4.29M	$4.38M
Investing Cash Flow	$110.52M	-$124.98M	-$97.03M	-$166.42M
Financing Cash Flow	-$173.34M	-$177.76M	-$197.91M	-$109.50M
Dividends Paid	-$19.68M	-$186.67M	-$161.40M	-$118.91M
Share Repurchases	-$24.76M	-$18.81M	-$13.20M	$0.00
Net Change in Cash	$65.08M	-$51.33M	$3.71M	$734.00K

DHT Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$118.57M	$128.32M	$107.35M	$144.16M	$186.48M
Cost of Revenue	$83.93M	$80.88M	$72.45M	$70.20M	$73.86M
Gross Profit	$34.65M	$47.44M	$34.90M	$73.96M	$112.62M
Selling, General & Admin	$5.55M	$4.59M	$4.13M	$5.62M	$4.96M
Operating Expenses	$5.55M	$4.59M	$3.16M	$5.62M	$4.96M
Operating Income	$29.10M	$42.85M	$31.73M	$68.34M	$107.66M
EBITDA	$76.51M	$86.39M	$73.45M	$95.56M	$194.72M
Pretax Income	$44.13M	$56.06M	$44.90M	$66.28M	$164.65M
Income Tax	$84.00K	$29.00K	$93.00K	$207.00K	$126.00K
Net Income	$44.12M	$56.10M	$44.80M	$66.07M	$164.53M
Diluted EPS	0.27	0.35	0.28	0.41	1.02
Diluted Shares	160.56M	160.73M	160.89M	160.92M	161.22M

DHT Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$80.51M	$82.66M	$81.25M	$79.03M	$126.25M
Receivables	$50.52M	$40.05M	$33.95M	$53.34M	$85.29M
Inventory	$33.03M	$30.68M	$23.50M	$24.68M	$30.24M
Current Assets	$172.03M	$193.70M	$146.59M	$208.91M	$267.11M
Total Assets	$1.46B	$1.43B	$1.40B	$1.60B	$1.79B
Current Liabilities	$107.93M	$83.28M	$60.80M	$74.72M	$146.09M
Long-Term Debt	$285.30M	$253.73M	$236.98M	$389.24M	$400.70M
Total Debt	$364.07M	$302.81M	$268.53M	$429.74M	$506.26M
Total Liabilities	$396.58M	$341.46M	$302.38M	$469.69M	$552.31M
Retained Earnings	-$169.49M	-$139.33M	-$133.12M	-$96.22M	$2.28M
Shareholders' Equity	$1.06B	$1.09B	$1.10B	$1.13B	$1.23B
Working Capital	$64.11M	$110.42M	$85.79M	$134.19M	$121.02M
Net Debt	$283.56M	$220.15M	$187.28M	$349.71M	$379.10M

DHT Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$59.21M	$83.58M	$60.89M	$72.97M	$98.74M
Capital Expenditure	-$25.81M	-$39.88M	-$38.58M	-$205.67M	-$162.99M
Free Cash Flow	$33.40M	$43.70M	$22.31M	-$132.70M	-$64.25M
Depreciation & Amortisation	$27.27M	$26.14M	$25.97M	$26.99M	$25.65M
Stock-Based Compensation	$1.85M	$1.21M	$661.00K	$661.00K	$989.00K
Investing Cash Flow	$16.68M	$11.06M	$11.51M	-$205.67M	-$61.98M
Financing Cash Flow	-$73.59M	-$92.66M	-$73.76M	$130.51M	$10.53M
Dividends Paid	-$27.29M	-$24.09M	-$38.59M	-$28.94M	-$66.03M
Net Change in Cash	$2.29M	$1.99M	-$1.35M	-$2.19M	$47.29M

Market Snapshot

About

DHT Holdings, Inc. is an independent crude oil tanker company operating a fleet of modern Very Large Crude Carriers (VLCCs) on international shipping routes. The company owns and operates double-hull tankers that transport crude oil for major oil companies, refiners, and trading houses worldwide. DHT focuses exclusively on the VLCC segment, which represents the largest class of crude tankers capable of carrying approximately 2 million barrels per voyage. The company's business performance is driven by global oil demand, shipping rates, fleet utilization, and the age and efficiency of its vessels.