Saturday 17 October 2026 Export DHT’s income statement to Excel — free account

DHT Holdings, Inc.

DHT Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $498.4 million, down 12.8% from fiscal 2024. In the quarter to June 2026, revenue grew 122.1%, EPS grew 251.4%, free cash flow grew 122.3% and total debt rose 43.6%, each against the same quarter a year earlier.

23.60 0.17 +0.73%

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Market cap: $3.8B
P/E: 8.0×
Fwd P/E: 4.7×
Dividend yield: 10.4%
F-score: 7/9
Altman Z: 3.30
Beneish M: −1.96
Dividend safety: 36/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 11.84

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	6	2	—

Insider Ownership 10.95%

Capital & Financial Ratios $m

Market Cap 3,780.00

Revenue 723.00

Net Income 473.75

Free Cash Flow 186.83

Net Debt 272.20

Current Ratio 3.64

Debt/Equity 0.33

P/E ratio 8.03

Fwd P/E 4.67

P/S ratio 5.26

P/B ratio 2.86

Past 5Y EPS Growth (4.04%)

This Y EPS Growth 214.14%

Next Y EPS Growth (32.41%)

Next Y revenue growth 77.37%

Next 5Y EPS Growth 12.88%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 29.69%

10-year low 10-year high

P/S against its own 10 years 98.08%

10-year low 10-year high

P/B against its own 10 years 99.71%

10-year low 10-year high

EV/Sales against its own 10 years 96.54%

10-year low 10-year high

EV/FCF against its own 10 years 81.83%

10-year low 10-year high

Dividends

Payout Ratio 0.83

Annual Dividend Rate 2.45

Annual Dividend Yield 10.38%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	4.18	0.41 0.64 1.22
2025	0.97	0.17 0.15 0.24 0.18
2024	1.00	0.22 0.29 0.27 0.22
2023	1.15	0.38 0.23 0.35 0.19
2022	0.12	0.02 0.02 0.04 0.04
2021	0.13	0.05 0.04 0.02 0.02
2020	1.35	0.32 0.35 0.48 0.20
2019	0.20	0.05 0.08 0.02 0.05
2018	0.08	0.02 0.02 0.02 0.02
2017	0.20	0.08 0.08 0.02 0.02
2016	0.71	0.21 0.25 0.23 0.02

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	75	78	79	163
Receivables	76	54	53	87
Inventory	34	38	25	27
Other	3	25	42	20
	200	202	209	303

	2023	2024	2025	Q'26
Payables	20	23	23	24
ST’ Debt	30	79	40	45
Other	6	8	12	14
	57	110	75	83

Compound Annual Growth %

	10y	5y	3y
Sales	3.16%	(6.33%)	3.15%
Cash Flow	4.30%	(12.19%)	29.32%
Earnings	7.20%	(4.54%)	50.83%
Book Value	4.38%	0.43%	1.82%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	186	285	—	—	—
’25	119	128	107	144	498
’24	147	151	142	131	572
’23	133	153	132	143	561
’22	76	100	110	168	454
’21	87	66	59	84	296
’20	212	246	142	91	691

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	99	220	—	—	—
’25	59	84	61	73	277
’24	70	83	80	66	299
’23	66	87	56	42	251
’22	6	26	5	90	128
’21	11	34	(3)	19	61
’20	131	187	131	81	530

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	37	210	—	—	—
’25	76	95	72	(133)	110
’24	66	31	52	53	202
’23	52	69	(37)	40	123
’22	3	98	40	89	230
’21	(130)	74	25	5	(27)
’20	128	177	128	70	502

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.02	1.23	—	—	—
’25	0.27	0.35	0.28	0.41	1.31
’24	0.29	0.27	0.22	0.34	1.12
’23	0.23	0.35	0.19	0.22	0.99
’22	(0.10)	0.06	0.04	0.38	0.37
’21	0.07	0.00	(0.13)	(0.02)	(0.07)
’20	0.44	0.81	0.31	0.04	1.61

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	3.29	3.52	3.27	3.60	4.52	5.10	4.55	7.30	8.67	8.99	Analyst estimates 2026–2028 Powerpack
	High	8.06	5.20	5.60	8.43	8.83	7.19	10.64	12.13	12.80	13.85
People
People	Employees	15	17	17	17	18	18	1,252	1,212	924	737
	Revenue/emp, $m	23.73	20.89	22.11	31.47	38.39	16.44	0.36	0.46	0.62	0.68
Income, $m
Income, $m	Revenue	356	355	376	535	691	296	454	561	572	498
	Gross margin, %	64.27	47.69	36.77	50.32	67.77	42.47	42.90	56.99	54.84	59.65
	EBT	9	7	(47)	74	267	(11)	63	162	182	211
	EBT margin, %	2.63	1.90	(12.46)	13.79	38.66	(3.77)	13.78	28.91	31.84	42.41
	Net income	9	7	(47)	74	266	(12)	62	161	181	211
	Depreciation	92	97	103	116	124	131	126	112	115	109
Per share, $
Per share, $	Revenue	3.81	2.85	2.62	3.73	4.44	1.75	2.76	3.46	3.54	3.10
	Earnings	0.10	0.05	(0.33)	0.51	1.71	(0.07)	0.37	0.99	1.12	1.31
	Cash flow	2.08	0.82	0.38	1.09	3.40	0.36	0.78	1.55	1.85	1.72
	Capex	(2.28)	(1.50)	(1.31)	(0.38)	(0.18)	(0.52)	0.62	(0.79)	(0.60)	(1.04)
	Free cash flow	(0.21)	(0.68)	(0.94)	0.71	3.23	(0.16)	1.40	0.76	1.25	0.69
	Book value	7.34	7.43	6.01	6.50	7.12	6.19	6.52	6.36	6.46	7.05
	Shares, m	93	125	143	143	156	169	165	162	161	161
Valuation, ×
Valuation, ×	P/E	44.20	37.30	0.00	16.56	2.95	0.00	22.24	10.11	8.29	9.32
	P/S	1.16	1.31	1.50	2.22	1.18	2.97	3.06	2.90	2.62	3.94
	P/B	0.60	0.50	0.65	1.27	0.73	0.84	1.30	1.57	1.44	1.73
	EV/Sales	2.82	3.31	3.82	3.68	1.73	4.53	3.65	3.53	3.20	4.64
	EV/FCF	(52.16)	(13.78)	(7.37)	19.31	2.38	(49.63)	7.21	16.05	9.08	20.97
Cash, $m
Cash, $m	Operating cash flow	194	102	54	156	530	61	128	251	299	277
	Capex	(213)	(187)	(189)	(54)	(28)	(88)	102	(128)	(97)	(166)
	Free cash flow	(19)	(85)	(135)	102	502	(27)	230	123	202	110
Balance, $m
Balance, $m	Working capital	104	84	70	88	70	90	171	144	92	134
	Total debt	701	786	967	851	450	522	397	429	409	429
	Net debt	592	709	872	784	381	462	267	354	331	350
	Shareholders’ equity	685	926	862	932	1,109	1,047	1,073	1,032	1,043	1,133
Returns, %
Returns, %	ROA	0.65	0.42	(2.61)	3.99	15.44	(0.71)	3.95	10.75	12.18	13.66
	ROIC	1.98	1.66	0.59	5.06	13.15	0.01	3.46	8.71	9.58	9.48
	ROE	1.30	0.82	(5.25)	8.21	26.09	(1.07)	5.80	15.33	17.49	19.40

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CMBT CMB.TECH nv	$5.2B	3.6×	5.4×	+519.15% (above 0%: growing)	n/m	+451.20% (above 0%: growing)	71.02%	54.45%	Compare
GLNG Golar LNG Limited	$4.6B	28.6×	46.3×	+100.86% (above 0%: growing)	−30.19% (below 0%: shrinking)	+33.24% (above 0%: growing)	67.68%	49.39%	Compare
STNG Scorpio Tankers Inc.	$4.2B	4.6×	5.7×	+77.54% (above 0%: growing)	+432.70% (above 0%: growing)	+490.32% (above 0%: growing)	80.00%	97.45%	Compare
TRMD TORM PLC	$4.0B	6.2×	—	+110.28% (above 0%: growing)	+451.67% (above 0%: growing)	+48.55% (above 0%: growing)	89.05%	53.58%	Compare
DHT DHT Holdings, Inc.	$3.8B	8.0×	4.7×	+122.12% (above 0%: growing)	+251.43% (above 0%: growing)	+122.28% (above 0%: growing)	83.01%	71.31%
SUNC SunocoCorp LLC	$3.7B	—	—	—	—	+1,501.72% (above 0%: growing)	10.27%	4.09%	Compare
BWLP BW LPG Limited	$3.7B	8.4×	—	−3.06% (below 0%: shrinking)	+243.48% (above 0%: growing)	+1,336.28% (above 0%: growing)	23.60%	13.87%	Compare
EE Excelerate Energy, Inc.	$3.7B	22.3×	20.9×	+60.97% (above 0%: growing)	+153.33% (above 0%: growing)	−366.08% (below 0%: shrinking)	41.87%	24.57%	Compare
TNK Teekay Tankers Ltd.	$3.4B	5.7×	4.6×	+62.97% (above 0%: growing)	+258.56% (above 0%: growing)	+278.92% (above 0%: growing)	59.49%	58.49%	Compare
Median of peers	$3.9B	6.2×	5.7×	+77.54%	+251.02%	+365.06%	63.59%	51.49%

All 58 Oil & Gas Midstream stocks →

DHT Holdings, Inc. (DHT) key facts

Concern: DHT Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $498.4 million, down 12.8% from fiscal 2024.
DHT Holdings, Inc. (DHT) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, DHT traded at $23.60, a market capitalization of $3.8 billion.
DHT Holdings, Inc. pays an annual dividend of $2.45 per share, a yield of 10.4%, with a payout ratio of 83.3%.
Return on equity was 19.4% and debt-to-equity 0.33.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.30 (safe zone) for fiscal 2025.