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Side-by-side financial comparison of Akebia Therapeutics, Inc. (AKBA) and DHT Holdings, Inc. (DHT). Click either name above to swap in a different company.

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $57.6M, roughly 1.9× Akebia Therapeutics, Inc.). On growth, Akebia Therapeutics, Inc. posted the faster year-over-year revenue change (23.9% vs -24.5%).

Akebia Therapeutics is a biopharmaceutical company dedicated to developing and commercializing novel therapies for patients with kidney diseases, particularly anemia linked to chronic kidney disease. It operates across global markets, focusing on addressing unmet medical needs in the nephrology care segment.

DHT Holdings, Inc. is an independent international crude oil tanker operator that owns and manages a fleet of very large crude carriers. It offers marine transportation services for crude oil across major global trade routes, serving clients including leading oil producers, refineries, and commodity trading enterprises worldwide.

AKBA vs DHT — Head-to-Head

Bigger by revenue
DHT
DHT
1.9× larger
DHT
$107.3M
$57.6M
AKBA
Growing faster (revenue YoY)
AKBA
AKBA
+48.4% gap
AKBA
23.9%
-24.5%
DHT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AKBA
AKBA
DHT
DHT
Revenue
$57.6M
$107.3M
Net Profit
$44.8M
Gross Margin
78.2%
Operating Margin
-14.8%
44.2%
Net Margin
41.7%
Revenue YoY
23.9%
-24.5%
Net Profit YoY
27.3%
EPS (diluted)
$-0.05
$0.28

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AKBA
AKBA
DHT
DHT
Q4 25
$57.6M
Q3 25
$58.8M
$107.3M
Q2 25
$62.5M
Q1 25
$57.3M
Q4 24
$46.5M
Q3 24
$37.4M
$142.1M
Q2 24
$43.6M
Q1 24
$32.6M
Net Profit
AKBA
AKBA
DHT
DHT
Q4 25
Q3 25
$540.0K
$44.8M
Q2 25
$247.0K
Q1 25
$6.1M
Q4 24
Q3 24
$-20.0M
$35.2M
Q2 24
$-8.6M
Q1 24
$-18.0M
Gross Margin
AKBA
AKBA
DHT
DHT
Q4 25
78.2%
Q3 25
84.0%
Q2 25
84.1%
Q1 25
86.7%
Q4 24
56.2%
Q3 24
62.2%
Q2 24
60.9%
Q1 24
64.4%
Operating Margin
AKBA
AKBA
DHT
DHT
Q4 25
-14.8%
Q3 25
7.6%
44.2%
Q2 25
22.6%
Q1 25
23.6%
Q4 24
-30.8%
Q3 24
-33.4%
29.7%
Q2 24
-20.0%
Q1 24
-45.8%
Net Margin
AKBA
AKBA
DHT
DHT
Q4 25
Q3 25
0.9%
41.7%
Q2 25
0.4%
Q1 25
10.7%
Q4 24
Q3 24
-53.5%
24.8%
Q2 24
-19.7%
Q1 24
-55.2%
EPS (diluted)
AKBA
AKBA
DHT
DHT
Q4 25
$-0.05
Q3 25
$0.00
$0.28
Q2 25
$0.00
Q1 25
$0.03
Q4 24
$-0.10
Q3 24
$-0.10
$0.22
Q2 24
$-0.04
Q1 24
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AKBA
AKBA
DHT
DHT
Cash + ST InvestmentsLiquidity on hand
$184.8M
$81.3M
Total DebtLower is stronger
$48.3M
Stockholders' EquityBook value
$32.6M
$1.1B
Total Assets
$376.6M
$1.4B
Debt / EquityLower = less leverage
1.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AKBA
AKBA
DHT
DHT
Q4 25
$184.8M
Q3 25
$166.4M
$81.3M
Q2 25
$137.3M
Q1 25
$113.4M
Q4 24
$51.9M
Q3 24
$34.0M
$73.8M
Q2 24
$39.5M
Q1 24
$42.0M
Total Debt
AKBA
AKBA
DHT
DHT
Q4 25
$48.3M
Q3 25
$47.6M
Q2 25
$47.1M
Q1 25
$46.5M
Q4 24
$38.7M
Q3 24
$38.4M
Q2 24
$38.0M
Q1 24
$30.1M
Stockholders' Equity
AKBA
AKBA
DHT
DHT
Q4 25
$32.6M
Q3 25
$41.6M
$1.1B
Q2 25
$29.2M
Q1 25
$24.6M
Q4 24
$-49.2M
Q3 24
$-50.4M
$1.0B
Q2 24
$-33.8M
Q1 24
$-27.3M
Total Assets
AKBA
AKBA
DHT
DHT
Q4 25
$376.6M
Q3 25
$364.2M
$1.4B
Q2 25
$345.6M
Q1 25
$310.2M
Q4 24
$220.7M
Q3 24
$207.1M
$1.5B
Q2 24
$220.2M
Q1 24
$225.5M
Debt / Equity
AKBA
AKBA
DHT
DHT
Q4 25
1.48×
Q3 25
1.15×
Q2 25
1.61×
Q1 25
1.89×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AKBA
AKBA
DHT
DHT
Operating Cash FlowLast quarter
$31.1M
$60.9M
Free Cash FlowOCF − Capex
$31.1M
FCF MarginFCF / Revenue
53.9%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$67.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AKBA
AKBA
DHT
DHT
Q4 25
$31.1M
Q3 25
$28.1M
$60.9M
Q2 25
$22.3M
Q1 25
$-13.6M
Q4 24
$-4.5M
Q3 24
$-6.7M
$80.1M
Q2 24
$-10.1M
Q1 24
$-19.4M
Free Cash Flow
AKBA
AKBA
DHT
DHT
Q4 25
$31.1M
Q3 25
$28.0M
Q2 25
$22.2M
Q1 25
$-13.6M
Q4 24
$-4.5M
Q3 24
$-6.7M
Q2 24
$-10.1M
Q1 24
FCF Margin
AKBA
AKBA
DHT
DHT
Q4 25
53.9%
Q3 25
47.7%
Q2 25
35.6%
Q1 25
-23.7%
Q4 24
-9.6%
Q3 24
-17.9%
Q2 24
-23.1%
Q1 24
Capex Intensity
AKBA
AKBA
DHT
DHT
Q4 25
0.1%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.0%
Cash Conversion
AKBA
AKBA
DHT
DHT
Q4 25
Q3 25
52.05×
1.36×
Q2 25
90.47×
Q1 25
-2.22×
Q4 24
Q3 24
2.28×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AKBA
AKBA

Auryxia$48.1M84%
Vafseo$6.2M11%
License Collaboration And Other Revenue$3.3M6%

DHT
DHT

Segment breakdown not available.

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