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Side-by-side financial comparison of Baozun Inc. (BZUN) 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 $84.2M, roughly 1.3× Baozun Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs -2.0%, a 43.7% gap on every dollar of revenue.

Baozun Inc is a leading digital commerce service provider focused on the Chinese market. It delivers full-stack e-commerce solutions including official store operation, digital marketing, logistics and fulfillment, customer support, and technical infrastructure services for global and local consumer brands across fashion, beauty, FMCG, consumer electronics, and other core retail segments.

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.

BZUN vs DHT — Head-to-Head

Bigger by revenue
DHT
DHT
1.3× larger
DHT
$107.3M
$84.2M
BZUN
Higher net margin
DHT
DHT
43.7% more per $
DHT
41.7%
-2.0%
BZUN

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
BZUN
BZUN
DHT
DHT
Revenue
$84.2M
$107.3M
Net Profit
$-1.7M
$44.8M
Gross Margin
Operating Margin
-1.7%
44.2%
Net Margin
-2.0%
41.7%
Revenue YoY
-24.5%
Net Profit YoY
27.3%
EPS (diluted)
$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
BZUN
BZUN
DHT
DHT
Q3 25
$107.3M
Q2 25
$84.2M
Q3 24
$142.1M
Q3 23
$131.6M
Q2 23
$80.1M
Q3 22
$109.9M
Net Profit
BZUN
BZUN
DHT
DHT
Q3 25
$44.8M
Q2 25
$-1.7M
Q3 24
$35.2M
Q3 23
$31.0M
Q2 23
$-1.7M
Q3 22
$7.5M
Operating Margin
BZUN
BZUN
DHT
DHT
Q3 25
44.2%
Q2 25
-1.7%
Q3 24
29.7%
Q3 23
29.7%
Q2 23
-1.8%
Q3 22
11.1%
Net Margin
BZUN
BZUN
DHT
DHT
Q3 25
41.7%
Q2 25
-2.0%
Q3 24
24.8%
Q3 23
23.5%
Q2 23
-2.2%
Q3 22
6.8%
EPS (diluted)
BZUN
BZUN
DHT
DHT
Q3 25
$0.28
Q2 25
Q3 24
$0.22
Q3 23
$0.19
Q2 23
Q3 22
$0.04

Balance Sheet & Financial Strength

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

Metric
BZUN
BZUN
DHT
DHT
Cash + ST InvestmentsLiquidity on hand
$6.9M
$81.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$10.7M
$1.1B
Total Assets
$25.9M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZUN
BZUN
DHT
DHT
Q3 25
$81.3M
Q2 25
$6.9M
Q3 24
$73.8M
Q3 23
$73.9M
Q2 23
$60.0M
Q3 22
$65.7M
Stockholders' Equity
BZUN
BZUN
DHT
DHT
Q3 25
$1.1B
Q2 25
$10.7M
Q3 24
$1.0B
Q3 23
$1.0B
Q2 23
$80.0M
Q3 22
$1.0B
Total Assets
BZUN
BZUN
DHT
DHT
Q3 25
$1.4B
Q2 25
$25.9M
Q3 24
$1.5B
Q3 23
$1.5B
Q2 23
$195.7M
Q3 22
$1.5B

Cash Flow & Capital Efficiency

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

Metric
BZUN
BZUN
DHT
DHT
Operating Cash FlowLast quarter
$60.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BZUN
BZUN
DHT
DHT
Q3 25
$60.9M
Q2 25
Q3 24
$80.1M
Q3 23
$55.7M
Q2 23
Q3 22
$5.5M
Cash Conversion
BZUN
BZUN
DHT
DHT
Q3 25
1.36×
Q2 25
Q3 24
2.28×
Q3 23
1.80×
Q2 23
Q3 22
0.73×

Financial Flow Comparison

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

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