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

Danaos Corp is the larger business by last-quarter revenue ($262.2M vs $107.3M, roughly 2.4× DHT Holdings, Inc.). Danaos Corp runs the higher net margin — 49.9% vs 41.7%, a 8.2% gap on every dollar of revenue. On growth, Danaos Corp posted the faster year-over-year revenue change (6.4% vs -24.5%).

Danaos Corporation is a leading global containership ownership and management firm. It operates a large fleet of modern container vessels, providing long-term charter services to top international container liner operators across major global trade routes, supporting the efficiency and reliability of global supply chains.

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.

DAC vs DHT — Head-to-Head

Bigger by revenue
DAC
DAC
2.4× larger
DAC
$262.2M
$107.3M
DHT
Growing faster (revenue YoY)
DAC
DAC
+30.9% gap
DAC
6.4%
-24.5%
DHT
Higher net margin
DAC
DAC
8.2% more per $
DAC
49.9%
41.7%
DHT

Income Statement — Q2 2025 vs Q3 2025

Metric
DAC
DAC
DHT
DHT
Revenue
$262.2M
$107.3M
Net Profit
$130.9M
$44.8M
Gross Margin
Operating Margin
47.9%
44.2%
Net Margin
49.9%
41.7%
Revenue YoY
6.4%
-24.5%
Net Profit YoY
-7.3%
27.3%
EPS (diluted)
$7.12
$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
DAC
DAC
DHT
DHT
Q3 25
$107.3M
Q2 25
$262.2M
Q3 24
$142.1M
Q2 24
$246.3M
Q3 23
$131.6M
Q2 23
$241.5M
Q3 22
$109.9M
Q2 22
$250.9M
Net Profit
DAC
DAC
DHT
DHT
Q3 25
$44.8M
Q2 25
$130.9M
Q3 24
$35.2M
Q2 24
$141.2M
Q3 23
$31.0M
Q2 23
$147.0M
Q3 22
$7.5M
Q2 22
$8.2M
Operating Margin
DAC
DAC
DHT
DHT
Q3 25
44.2%
Q2 25
47.9%
Q3 24
29.7%
Q2 24
56.8%
Q3 23
29.7%
Q2 23
61.1%
Q3 22
11.1%
Q2 22
62.5%
Net Margin
DAC
DAC
DHT
DHT
Q3 25
41.7%
Q2 25
49.9%
Q3 24
24.8%
Q2 24
57.3%
Q3 23
23.5%
Q2 23
60.9%
Q3 22
6.8%
Q2 22
3.3%
EPS (diluted)
DAC
DAC
DHT
DHT
Q3 25
$0.28
Q2 25
$7.12
Q3 24
$0.22
Q2 24
$7.23
Q3 23
$0.19
Q2 23
$7.32
Q3 22
$0.04
Q2 22
$0.40

Balance Sheet & Financial Strength

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

Metric
DAC
DAC
DHT
DHT
Cash + ST InvestmentsLiquidity on hand
$654.1M
$81.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
$1.1B
Total Assets
$4.5B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAC
DAC
DHT
DHT
Q3 25
$81.3M
Q2 25
$654.1M
Q3 24
$73.8M
Q2 24
$471.7M
Q3 23
$73.9M
Q2 23
$367.9M
Q3 22
$65.7M
Q2 22
$319.6M
Stockholders' Equity
DAC
DAC
DHT
DHT
Q3 25
$1.1B
Q2 25
$3.6B
Q3 24
$1.0B
Q2 24
$3.3B
Q3 23
$1.0B
Q2 23
$2.8B
Q3 22
$1.0B
Q2 22
$2.4B
Total Assets
DAC
DAC
DHT
DHT
Q3 25
$1.4B
Q2 25
$4.5B
Q3 24
$1.5B
Q2 24
$4.0B
Q3 23
$1.5B
Q2 23
$3.5B
Q3 22
$1.5B
Q2 22
$3.7B

Cash Flow & Capital Efficiency

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

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

Financial Flow Comparison

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

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