Saturday 17 October 2026
Export DHT’s income statement to Excel — free account
DHT Holdings, Inc.
DHT Energy Oil & Gas Midstream
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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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
9.32 | 8.29 | 10.11 | 22.24 | 0.00 | 2.95 | 16.56 | 0.00 | 37.30 | 44.20 |
Piotroski F-Score |
7 | 7 | 7 | 9 | 3 | 8 | 8 | 2 | 3 | 3 |
P/S ratio |
3.94 | 2.62 | 2.90 | 3.06 | 2.97 | 1.18 | 2.22 | 1.50 | 1.31 | 1.16 |
Altman Z-Score |
3.30 | 2.78 | 2.80 | 2.45 | 0.99 | 1.91 | 1.21 | 0.40 | 0.50 | 0.56 |
Altman Z″-Score (non-manufacturers) |
3.83 | 3.42 | 3.40 | 3.28 | 1.87 | 3.47 | 1.49 | 0.71 | 1.28 | 1.21 |
P/FCF ratio |
17.80 | 7.43 | 13.18 | 6.05 | 0.00 | 1.62 | 11.64 | 0.00 | 0.00 | 0.00 |
Beneish M-Score |
(1.96) | 1.51 | (2.73) | (1.77) | (2.14) | (3.49) | (0.78) | (2.61) | (1.86) | (3.53) |
P/Operating CF |
26.89 | 22.79 | 38.41 | 15.42 | 46.43 | 10.01 | 23.82 | 19.85 | 62.78 | 14.28 |
Dividend Safety Score |
36 | — | — | — | — | — | — | — | — | — |
P/B ratio |
1.73 | 1.44 | 1.57 | 1.30 | 0.84 | 0.73 | 1.27 | 0.65 | 0.50 | 0.60 |
Price to Tangible BV |
1.73 | 1.44 | 1.58 | 1.30 | 0.84 | 0.73 | 1.27 | 0.65 | 0.50 | 0.60 |
EV/Sales |
4.64 | 3.20 | 3.53 | 3.65 | 4.53 | 1.73 | 3.68 | 3.82 | 3.31 | 2.82 |
EV/EBITDA |
6.93 | 5.63 | 6.48 | 8.28 | 10.19 | 2.73 | 7.75 | 11.98 | 8.38 | 7.56 |
EV/Operating CF |
8.36 | 6.13 | 7.87 | 12.97 | 22.11 | 2.26 | 12.64 | 26.57 | 11.52 | 5.18 |
EV/FCF |
20.97 | 9.08 | 16.05 | 7.21 | (49.63) | 2.38 | 19.31 | (7.37) | (13.78) | (52.16) |
Quick Ratio |
1.77 | 1.20 | 2.66 | 2.94 | 2.17 | 2.06 | 1.35 | 1.25 | 1.44 | 1.93 |
Current Ratio |
2.80 | 1.84 | 3.54 | 3.66 | 3.15 | 2.47 | 1.68 | 1.56 | 2.01 | 2.40 |
Net Debt/EBITDA |
1.05 | 1.02 | 1.16 | 1.33 | 3.51 | 0.87 | 3.08 | 7.28 | 5.06 | 4.46 |
Debt/Assets |
26.75% | 27.54% | 28.73% | 26.30% | 32.45% | 27.74% | 46.57% | 51.90% | 45.43% | 49.97% |
Debt/Equity |
0.38 | 0.39 | 0.42 | 0.37 | 0.50 | 0.41 | 0.91 | 1.12 | 0.85 | 1.02 |
Asset Turnover |
0.32 | 0.38 | 0.37 | 0.29 | 0.18 | 0.40 | 0.29 | 0.21 | 0.23 | 0.25 |
Operating CF/Net income |
1.31 | 1.65 | 1.56 | 2.08 | (5.26) | 1.99 | 2.12 | (1.15) | 15.42 | 20.95 |
Capex/Depreciation |
(1.53) | (0.85) | (1.15) | 0.81 | (0.67) | (0.22) | (0.47) | (1.82) | (1.93) | (2.31) |
Interest Coverage |
15.88 | 6.93 | 5.84 | 2.83 | 0.01 | 8.16 | 2.51 | 0.30 | 1.08 | 1.16 |
| 19.40% | 17.49% | 15.33% | 5.80% | (1.07%) | 26.09% | 8.21% | (5.25%) | 0.82% | 1.30% | |
| 13.66% | 12.18% | 10.75% | 3.95% | (0.71%) | 15.44% | 3.99% | (2.61%) | 0.42% | 0.65% | |
ROIC |
9.48% | 9.58% | 8.71% | 3.46% | 0.01% | 13.15% | 5.06% | 0.59% | 1.66% | 1.98% |
Return on Tangible Assets |
17.33% | 14.19% | 11.30% | 4.29% | (0.74%) | 17.21% | 4.39% | (2.70%) | 0.43% | 0.72% |
Average Days of Receivables |
39.06 | 34.29 | 49.39 | 47.79 | 37.46 | 15.88 | 73.57 | 58.44 | 43.39 | 35.33 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
3.99% | 3.31% | 3.11% | 3.72% | 5.60% | 2.59% | 2.76% | 4.00% | 4.84% | 5.45% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.13) | (0.16) | (0.16) | (0.14) | (0.49) | (0.48) | (0.57) | (1.44) | (1.37) | (1.31) |
Graham Number |
14.42 | 12.76 | 11.90 | 7.47 | 0.00 | 16.84 | 8.55 | 0.00 | 4.09 | 4.06 |
Earnings Yield |
10.73% | 12.06% | 9.89% | 4.50% | (1.45%) | 33.84% | 6.04% | (8.42%) | 2.68% | 2.26% |
Free Cash Flow Yield |
5.62% | 13.45% | 7.59% | 16.54% | (3.07%) | 61.68% | 8.59% | (34.63%) | (18.33%) | (4.67%) |
Revenue per Share |
3.10 | 3.54 | 3.46 | 2.76 | 1.75 | 4.44 | 3.73 | 2.62 | 2.85 | 3.81 |
Operating CF per Share |
1.72 | 1.85 | 1.55 | 0.78 | 0.36 | 3.40 | 1.09 | 0.38 | 0.82 | 2.08 |
Capex per Share |
(1.04) | (0.60) | (0.79) | 0.62 | (0.52) | (0.18) | (0.38) | (1.31) | (1.50) | (2.28) |
Free Cash Flow per Share |
0.69 | 1.25 | 0.76 | 1.40 | (0.16) | 3.23 | 0.71 | (0.94) | (0.68) | (0.21) |
Cash per Share |
0.49 | 0.48 | 0.46 | 0.79 | 0.36 | 0.44 | 0.47 | 0.66 | 0.62 | 1.17 |
Shareholders Equity per Share |
7.05 | 6.46 | 6.36 | 6.52 | 6.19 | 7.12 | 6.50 | 6.01 | 7.43 | 7.34 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
7.05 | 6.46 | 6.36 | 6.52 | 6.19 | 7.12 | 6.50 | 6.01 | 7.43 | 7.34 |
Free Cash Flow |
110.23 | 201.62 | 123.18 | 230.16 | (26.98) | 502.32 | 102.07 | (134.59) | (85.14) | (19.27) |
Working Capital |
134.20 | 92.28 | 143.89 | 171.22 | 90.03 | 70.35 | 88.05 | 69.62 | 84.11 | 104.20 |
Capital Expenditures |
(166.42) | (97.03) | (128.23) | 102.25 | (87.54) | (27.55) | (53.88) | (188.57) | (186.96) | (213.27) |
Net Current Asset Value |
(260.78) | (242.00) | (260.06) | (199.40) | (430.03) | (394.77) | (676.48) | (808.86) | (637.47) | (540.22) |
EV/EBIT |
10.28 | 8.69 | 10.24 | 22.35 | 6,629.77 | 3.81 | 14.20 | 88.03 | 27.10 | 24.81 |
Capex to Sales |
0.33 | 0.17 | 0.23 | (0.23) | 0.30 | 0.04 | 0.10 | 0.50 | 0.53 | 0.60 |
Price to Operating Income |
8.72 | 7.12 | 8.41 | 18.75 | 4,344.42 | 2.60 | 8.55 | 34.50 | 10.73 | 10.19 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.10 | 0.10 | 0.09 | 0.10 | 0.09 | 0.08 | 0.07 | 0.06 | 0.07 | 0.08 |
Cash ROIC |
6.72% | 13.18% | 8.02% | 14.39% | (1.66%) | 30.86% | 5.52% | (7.00%) | (4.76%) | (1.29%) |
Accounts Receivable Turnover |
9.31 | 8.83 | 8.29 | 10.11 | 9.79 | 10.02 | 6.37 | 7.34 | 9.26 | 9.55 |
Accounts Payable Turnover |
8.71 | 11.76 | 9.66 | 10.57 | 8.92 | 10.48 | 10.10 | 10.32 | 12.46 | 9.67 |
Inventory Turnover |
6.45 | 7.22 | 7.21 | 7.80 | 7.52 | 9.70 | 8.02 | 8.51 | 11.76 | 15.19 |
Average Days of Payables |
41.32 | 33.13 | 31.02 | 41.38 | 42.16 | 30.32 | 32.95 | 43.97 | 34.25 | 35.52 |
Days of Inventory on Hand |
44.80 | 53.27 | 51.18 | 46.55 | 71.61 | 19.42 | 46.80 | 49.47 | 46.53 | 22.69 |
Average Receivables |
53.53 | 64.78 | 67.66 | 44.91 | 30.21 | 68.95 | 84.02 | 51.20 | 38.34 | 37.28 |
Average Payables |
23.10 | 21.96 | 24.95 | 24.53 | 19.08 | 21.25 | 26.32 | 23.03 | 14.90 | 13.16 |
Average Inventory |
31.19 | 35.75 | 33.44 | 33.23 | 22.63 | 22.97 | 33.15 | 27.94 | 15.79 | 8.38 |
Average Assets |
1,544.77 | 1,489.41 | 1,500.35 | 1,558.92 | 1,615.68 | 1,724.60 | 1,845.54 | 1,797.18 | 1,567.12 | 1,413.77 |
Average Common Equity |
1,087.98 | 1,037.18 | 1,052.58 | 1,060.42 | 1,078.15 | 1,020.69 | 897.06 | 893.78 | 805.45 | 711.45 |
Columns are period end dates