NYSE : DHT
DHT Holdings, Inc. — Financial statements
Energy · Oil & Gas Midstream · Bermuda
Last price 25.08 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.04B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
DHT Holdings, Inc. (DHT) reported revenue of 798.68M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 722.19M | 497.20M | 567.84M | 556.08M | 450.38M | 295.85M |
| Other Revenue | 76.49M | 54.15M | 3.94M | 4.48M | 23.28M | 15.15M |
| Revenue | 798.68M | 551.34M | 571.77M | 560.56M | 473.66M | 311.01M |
| Cost of Revenue | 186.33M | 201.08M | 258.22M | 241.10M | 259.31M | 170.21M |
| Gross Profit | 612.35M | 350.26M | 313.56M | 319.46M | 214.35M | 140.79M |
| Selling, General & Admin | 20.31M | 19.89M | 18.94M | 17.45M | 16.89M | 16.57M |
| Operating Expenses | 126.67M | 126.26M | 130.83M | 126.35M | 140.14M | 145.20M |
| Operating Income | 485.68M | 224.00M | 182.73M | 193.11M | 74.20M | -4.41M |
| Interest Expense | -13.46M | -14.34M | -30.40M | -33.56M | -11.21M | -13.28M |
| Interest & Investment Income | 4.29M | 4.11M | 3.92M | 4.49M | 1.08M | 6.00K |
| Earnings From Equity Investments | 1.33M | 1.28M | ||||
| Other Non Operating Income (Expenses) | -2.28M | -2.40M | -2.09M | -1.99M | -2.19M | 5.26M |
| EBT Excluding Unusual Items | 474.23M | 211.38M | 154.16M | 162.04M | 63.20M | -11.15M |
| Gain (Loss) on Sale of Investments | -637.00K | |||||
| Asset Writedown | 27.91M | |||||
| Pretax Income | 474.23M | 211.38M | 182.07M | 162.04M | 62.57M | -11.15M |
| Income Tax Expense | 488.00K | 413.00K | 608.00K | 649.00K | 587.00K | 360.00K |
| Earnings From Continuing Operations | 473.75M | 210.96M | 181.46M | 161.40M | 61.98M | -11.51M |
| Minority Interest in Earnings | -12.00K | 130.00K | -84.00K | -43.00K | -459.00K | -14.00K |
| Net Income | 473.73M | 211.09M | 181.38M | 161.35M | 61.52M | -11.52M |
| Net Income to Common | 473.73M | 211.09M | 181.38M | 161.35M | 61.52M | -11.52M |
| Shares Outstanding (Basic) | 160.93M | 160.69M | 161.35M | 162.18M | 164.69M | 169.09M |
| Shares Outstanding (Diluted) | 161.06M | 160.77M | 161.44M | 162.36M | 164.85M | 169.09M |
| EPS (Basic) | 2.94 | 1.31 | 1.12 | 0.99 | 0.37 | -0.07 |
| EPS (Diluted) | 2.94 | 1.31 | 1.12 | 0.99 | 0.37 | -0.07 |
| Free Cash Flow | 36.25M | -33.29M | 201.62M | 123.18M | 117.76M | -114.04M |
| Free Cash Flow Per Share | 0.23 | -0.21 | 1.25 | 0.76 | 0.71 | -0.67 |
| Dividend Per Share | 2.45 | 0.98 | 0.95 | 0.99 | 0.48 | 0.10 |
| Gross Margin | 76.67% | 63.53% | 54.84% | 56.99% | 45.25% | 45.27% |
| Operating Margin | 60.81% | 40.63% | 31.96% | 34.45% | 15.67% | -1.42% |
| Profit Margin | 59.31% | 38.29% | 31.72% | 28.78% | 12.99% | -3.70% |
| Free Cash Flow Margin | 4.54% | -6.04% | 35.26% | 21.97% | 24.86% | -36.67% |
| EBITDA | 582.70M | 321.03M | 283.96M | 302.01M | 197.46M | 124.23M |
| EBITDA Margin | 72.96% | 58.23% | 49.66% | 53.88% | 41.69% | 39.94% |
| D&A For EBITDA | 97.02M | 97.03M | 101.24M | 108.90M | 123.25M | 128.64M |
| EBIT | 485.68M | 224.00M | 182.73M | 193.11M | 74.20M | -4.41M |
| EBIT Margin | 60.81% | 40.63% | 31.96% | 34.45% | 15.67% | -1.42% |
| Effective Tax Rate | 0.10% | 0.19% | 0.33% | 0.40% | 0.94% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 161.68M | 79.03M | 78.14M | 74.74M | 125.95M | 60.66M |
| Trading Asset Securities | 923.00K | 10.00K | 3.76M | |||
| Cash & Short-Term Investments | 162.61M | 79.04M | 78.14M | 74.74M | 129.71M | 60.66M |
| Receivables | 87.06M | 53.34M | 53.72M | 75.85M | 59.47M | 30.36M |
| Inventory | 26.84M | 24.68M | 37.69M | 33.81M | 33.07M | 33.40M |
| Prepaid Expenses | 6.62M | 9.68M | 7.20M | 13.56M | 10.55M | 6.16M |
| Other Current Assets | 19.60M | 42.17M | 25.14M | 2.55M | 2.80M | 1.40M |
| Total Current Assets | 302.73M | 208.91M | 201.89M | 200.50M | 235.59M | 131.97M |
| Property, Plant & Equipment | 1.50B | 1.39B | 1.28B | 1.29B | 1.27B | 1.47B |
| Long-Term Investments | 1.32M | 19.00K | 5.41M | |||
| Goodwill | 1.36M | 1.36M | 1.36M | 1.36M | 1.36M | |
| Other Long-Term Assets | 5.24M | -1.00K | 10.00K | 4.58M | 372.00K | |
| Total Assets | 1.81B | 1.60B | 1.49B | 1.49B | 1.51B | 1.61B |
| Accounts Payable | 24.08M | 10.90M | 10.00M | 9.20M | 14.58M | 11.11M |
| Accrued Expenses | 8.94M | 10.94M | 10.17M | 11.05M | 4.65M | |
| Current Portion of Long-Term Debt | 45.43M | 39.57M | 78.65M | 30.30M | 29.63M | 16.79M |
| Current Portion of Leases | 1.22M | 994.00K | 1.39M | 1.42M | ||
| Current Unearned Revenue | 12.38M | 11.40M | 6.14M | 4.39M | 4.17M | 4.87M |
| Other Current Liabilities | 2.93M | 2.50M | 1.12M | 4.94M | 4.53M | |
| Total Current Liabilities | 83.11M | 74.72M | 109.61M | 56.60M | 64.37M | 41.94M |
| Long-Term Debt | 389.37M | 389.38M | 330.77M | 398.43M | 367.07M | 516.73M |
| Long-Term Leases | 5.83M | 4.64M | 2.77M | 4.43M | ||
| Other Long-Term Liabilities | 961.00K | 727.00K | 1.10M | 3.54M | 3.33M | |
| Total Liabilities | 478.31M | 469.69M | 443.89M | 460.56M | 434.99M | 562.00M |
| Common Stock | 1.61M | 1.61M | 1.60M | 1.61M | 1.63M | 1.66M |
| Additional Paid-In Capital | 1.23B | 1.22B | 1.22B | 1.23B | 1.24B | 1.26B |
| Retained Earnings | 97.55M | -96.22M | -186.32M | -206.48M | -180.66M | -222.41M |
| Comprehensive Income & Other | 3.02M | 4.08M | 5.31M | 3.77M | 3.76M | 4.07M |
| Total Common Equity | 1.33B | 1.13B | 1.04B | 1.03B | 1.07B | 1.05B |
| Minority Interest | 75.00K | 71.00K | 4.46M | 4.51M | 5.01M | 34.00K |
| Shareholders' Equity | 1.33B | 1.13B | 1.04B | 1.03B | 1.07B | 1.05B |
| Total Liabilities & Equity | 1.81B | 1.60B | 1.49B | 1.49B | 1.51B | 1.61B |
| Total Debt | 441.86M | 434.57M | 413.58M | 434.57M | 396.69M | 533.52M |
| Net Cash (Debt) | -279.25M | -355.53M | -335.44M | -359.84M | -266.99M | -472.87M |
| Net Cash Per Share | -1.73 | -2.21 | -2.08 | -2.22 | -1.62 | -2.80 |
| Filing Date Shares Outstanding | 161.24M | 161.04M | 160.56M | 161.33M | 162.99M | 166.64M |
| Total Common Shares Outstanding | 161.24M | 160.80M | 159.98M | 161.00M | 162.65M | 166.13M |
| Working Capital | 219.62M | 134.19M | 92.28M | 143.89M | 171.22M | 90.03M |
| Book Value Per Share | 8.25 | 7.05 | 6.49 | 6.38 | 6.57 | 6.30 |
| Tangible Book Value | 1.33B | 1.13B | 1.04B | 1.03B | 1.07B | 1.05B |
| Tangible Book Value Per Share | 8.24 | 7.04 | 6.48 | 6.37 | 6.56 | 6.30 |
| Machinery | 2.18B | 1.81B | 1.98B | 2.05B | 1.93B | 2.17B |
| Construction In Progress | 56.97M | 301.65M | 93.18M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 473.73M | 211.09M | 181.38M | 161.35M | 61.52M | -11.52M |
| Depreciation & Amortization | 97.02M | 97.03M | 101.24M | 108.90M | 123.25M | 128.64M |
| Other Amortization | 12.00M | 11.80M | 13.28M | 2.97M | 2.90M | 2.55M |
| Loss (Gain) From Sale of Assets | -75.65M | -52.94M | 18.00K | -19.51M | -15.15M | |
| Asset Writedown & Restructuring Costs | -27.91M | |||||
| Loss (Gain) From Sale of Investments | 637.00K | |||||
| Loss (Gain) on Equity Investments | -1.33M | -1.28M | ||||
| Stock-Based Compensation | 3.93M | 4.38M | 4.29M | 3.23M | 4.13M | 4.35M |
| Other Operating Activities | -11.07M | -9.26M | -2.86M | -179.00K | -15.27M | -15.48M |
| Change in Accounts Receivable | -45.77M | -406.00K | 22.13M | -16.38M | -28.70M | -301.00K |
| Change in Inventory | 3.84M | 13.01M | -3.88M | -738.00K | 327.00K | -21.54M |
| Change in Accounts Payable | -4.76M | -1.59M | 2.79M | -5.23M | 5.57M | 1.51M |
| Change in Unearned Revenue | 4.41M | 5.26M | 1.75M | 222.00K | -693.00K | -11.37M |
| Change in Other Net Operating Assets | -5.55M | -1.71M | 6.46M | -2.76M | -4.94M | 167.00K |
| Operating Cash Flow | 452.13M | 276.65M | 298.65M | 251.41M | 127.91M | 60.56M |
| Capital Expenditures | -415.88M | -309.94M | -97.03M | -128.23M | -10.14M | -174.61M |
| Sale of Property, Plant & Equipment | 150.58M | 143.52M | 112.40M | 87.06M | ||
| Cash Acquisitions | 8.27M | |||||
| Investment in Securities | 1.03M | |||||
| Other Investing Activities | 2.00K | 3.26M | -1.00K | 1.00K | ||
| Investing Cash Flow | -265.30M | -166.42M | -97.03M | -124.98M | 110.52M | -86.51M |
| Long-Term Debt Issued | 298.02M | 85.00M | 339.63M | 4.01M | 355.84M | |
| Long-Term Debt Repaid | -282.47M | -108.32M | -311.33M | -132.91M | -283.61M | |
| Lease Payments | -1.35M | -1.41M | -1.39M | -1.42M | -1.09M | -611.00K |
| Net Debt Issued (Repaid) | 128.99M | 15.55M | -23.32M | 28.31M | -128.91M | 72.23M |
| Repurchase of Common Stock | -13.20M | -18.81M | -24.76M | -32.18M | ||
| Common Dividends Paid | -236.63M | -118.91M | -161.40M | -186.67M | -19.68M | -22.08M |
| Other Financing Activities | -3.00K | -6.13M | 1.00K | -590.00K | 1.00K | -1.00K |
| Financing Cash Flow | -107.64M | -109.50M | -197.91M | -177.76M | -173.34M | 17.97M |
| Foreign Exchange Rate Adjustments | -168.00K | 157.00K | -308.00K | 119.00K | 209.00K | |
| Miscellaneous Cash Flow Adjustments | 1.00K | -1.00K | ||||
| Net Cash Flow | 79.02M | 891.00K | 3.40M | -51.21M | 65.29M | -7.98M |
| Free Cash Flow | 36.25M | -33.29M | 201.62M | 123.18M | 117.76M | -114.04M |
| Free Cash Flow Margin | 4.54% | -6.04% | 35.26% | 21.97% | 24.86% | -36.67% |
| Free Cash Flow Per Share | 0.23 | -0.21 | 1.25 | 0.76 | 0.71 | -0.67 |
| Levered Free Cash Flow | -33.46M | -67.22M | 123.68M | 56.93M | 134.62M | -82.09M |
| Unlevered Free Cash Flow | -27.70M | -60.71M | 140.05M | 74.94M | 138.73M | -76.34M |
| Free Cash Flow After Leases | 34.91M | -34.70M | 200.23M | 121.75M | 116.67M | -114.66M |
| Cash Interest Paid | 21.40M | 21.44M | 31.26M | 29.48M | 23.45M | 23.20M |
| Change in Working Capital | -47.82M | 14.55M | 29.24M | -24.89M | -28.44M | -31.54M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.89B | 1.96B | 1.50B | 1.58B | 1.44B | 865.11M |
| Enterprise Value | 4.17B | 2.16B | 1.84B | 1.95B | 1.80B | 1.34B |
| Last Close Price | 25.02 | 10.78 | 7.69 | 7.43 | 5.99 | 3.44 |
| PE Ratio | 8.21 | 9.30 | 8.27 | 9.79 | 23.48 | |
| Forward PE | 3.77 | 8.99 | 8.40 | 8.47 | 11.24 | 115.85 |
| PS Ratio | 4.86 | 3.56 | 2.62 | 2.82 | 3.05 | 2.78 |
| PB Ratio | 3.03 | 1.73 | 1.44 | 1.53 | 1.34 | 0.83 |
| P/TBV Ratio | 2.92 | 1.74 | 1.45 | 1.54 | 1.35 | 0.83 |
| P/FCF Ratio | 107.12 | 7.44 | 12.82 | 12.27 | ||
| P/OCF Ratio | 8.59 | 7.10 | 5.02 | 6.28 | 11.29 | 14.29 |
| PEG Ratio | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | |
| EV/Sales Ratio | 5.21 | 3.91 | 3.22 | 3.47 | 3.80 | 4.31 |
| EV/EBITDA Ratio | 7.14 | 6.72 | 6.47 | 6.45 | 9.11 | 10.80 |
| EV/EBIT Ratio | 8.57 | 9.63 | 10.06 | 10.08 | 24.24 | |
| EV/FCF Ratio | 114.82 | 9.12 | 15.80 | 15.28 | ||
| Debt / Equity Ratio | 0.33 | 0.38 | 0.40 | 0.42 | 0.37 | 0.51 |
| Debt / EBITDA Ratio | 0.76 | 1.35 | 1.46 | 1.44 | 2.01 | 4.29 |
| Debt / FCF Ratio | 12.19 | 2.05 | 3.53 | 3.37 | ||
| Net Debt / Equity Ratio | 0.21 | 0.31 | 0.32 | 0.35 | 0.25 | 0.45 |
| Net Debt / EBITDA Ratio | 0.48 | 1.11 | 1.18 | 1.19 | 1.35 | 3.81 |
| Net Debt / FCF Ratio | 7.70 | -10.68 | 1.66 | 2.92 | 2.27 | -4.15 |
| Asset Turnover | 0.49 | 0.36 | 0.38 | 0.37 | 0.30 | 0.19 |
| Inventory Turnover | 6.48 | 6.45 | 7.22 | 7.21 | 7.80 | 7.52 |
| Quick Ratio | 3.00 | 1.77 | 1.20 | 2.66 | 2.94 | 2.17 |
| Current Ratio | 3.64 | 2.80 | 1.84 | 3.54 | 3.66 | 3.15 |
| Return on Equity (ROE) | 39.17% | 19.39% | 17.50% | 15.33% | 5.85% | -1.07% |
| Return on Assets (ROA) | 18.75% | 9.06% | 7.67% | 8.04% | 2.97% | -0.17% |
| Return on Invested Capital (ROIC) | 30.07% | 15.60% | 13.15% | 14.08% | 5.14% | -0.29% |
| Return on Capital Employed (ROCE) | 28.20% | 14.70% | 13.30% | 13.50% | 5.10% | -0.30% |
| Earnings Yield | 12.18% | 10.75% | 12.09% | 10.22% | 4.26% | -1.33% |
| FCF Yield | 0.93% | -1.70% | 13.44% | 7.80% | 8.15% | -13.18% |
| Dividend Yield | 7.71% | 8.03% | 10.13% | 10.09% | 5.41% | 1.92% |
| Payout Ratio | 83.29% | 56.33% | 88.98% | 115.69% | 31.99% | |
| Buyback Yield / Dilution | -0.01% | 0.41% | 0.56% | 1.51% | 2.51% | 0.57% |
| Total Shareholder Return | 7.71% | 8.44% | 10.70% | 11.60% | 7.91% | 2.49% |