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

Ecovyst Inc. is the larger business by last-quarter revenue ($199.4M vs $107.3M, roughly 1.9× DHT Holdings, Inc.). On growth, Ecovyst Inc. posted the faster year-over-year revenue change (34.0% vs -24.5%).

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.

Ecovyst Inc. is a global sustainable specialty materials provider that develops and manufactures high-performance catalysts and functional additives. Its offerings serve key segments including industrial manufacturing, consumer goods, and environmental protection, helping clients improve operational efficiency and lower carbon emissions across North America, Europe, and Asia-Pacific markets.

DHT vs ECVT — Head-to-Head

Bigger by revenue
ECVT
ECVT
1.9× larger
ECVT
$199.4M
$107.3M
DHT
Growing faster (revenue YoY)
ECVT
ECVT
+58.4% gap
ECVT
34.0%
-24.5%
DHT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
ECVT
ECVT
Revenue
$107.3M
$199.4M
Net Profit
$44.8M
Gross Margin
23.4%
Operating Margin
44.2%
10.9%
Net Margin
41.7%
Revenue YoY
-24.5%
34.0%
Net Profit YoY
27.3%
EPS (diluted)
$0.28
$0.06

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
DHT
DHT
ECVT
ECVT
Q4 25
$199.4M
Q3 25
$107.3M
$204.9M
Q2 25
$176.1M
Q1 25
$143.1M
Q4 24
$148.9M
Q3 24
$142.1M
$153.9M
Q2 24
$154.0M
Q1 24
$141.6M
Net Profit
DHT
DHT
ECVT
ECVT
Q4 25
Q3 25
$44.8M
$-79.3M
Q2 25
$6.0M
Q1 25
$-3.6M
Q4 24
Q3 24
$35.2M
$14.3M
Q2 24
$8.3M
Q1 24
$1.2M
Gross Margin
DHT
DHT
ECVT
ECVT
Q4 25
23.4%
Q3 25
25.4%
Q2 25
22.8%
Q1 25
13.3%
Q4 24
28.9%
Q3 24
29.3%
Q2 24
27.3%
Q1 24
23.5%
Operating Margin
DHT
DHT
ECVT
ECVT
Q4 25
10.9%
Q3 25
44.2%
13.8%
Q2 25
9.0%
Q1 25
-0.7%
Q4 24
15.1%
Q3 24
29.7%
17.9%
Q2 24
14.1%
Q1 24
9.5%
Net Margin
DHT
DHT
ECVT
ECVT
Q4 25
Q3 25
41.7%
-38.7%
Q2 25
3.4%
Q1 25
-2.5%
Q4 24
Q3 24
24.8%
9.3%
Q2 24
5.4%
Q1 24
0.9%
EPS (diluted)
DHT
DHT
ECVT
ECVT
Q4 25
$0.06
Q3 25
$0.28
$-0.69
Q2 25
$0.05
Q1 25
$-0.03
Q4 24
$-0.26
Q3 24
$0.22
$0.12
Q2 24
$0.07
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
ECVT
ECVT
Cash + ST InvestmentsLiquidity on hand
$81.3M
$197.2M
Total DebtLower is stronger
$392.6M
Stockholders' EquityBook value
$1.1B
$603.4M
Total Assets
$1.4B
$1.3B
Debt / EquityLower = less leverage
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
ECVT
ECVT
Q4 25
$197.2M
Q3 25
$81.3M
$82.0M
Q2 25
$69.6M
Q1 25
$127.5M
Q4 24
$131.4M
Q3 24
$73.8M
$123.5M
Q2 24
$83.3M
Q1 24
$103.1M
Total Debt
DHT
DHT
ECVT
ECVT
Q4 25
$392.6M
Q3 25
$854.8M
Q2 25
$856.6M
Q1 25
$859.0M
Q4 24
$860.8M
Q3 24
$862.7M
Q2 24
$862.4M
Q1 24
$866.2M
Stockholders' Equity
DHT
DHT
ECVT
ECVT
Q4 25
$603.4M
Q3 25
$1.1B
$607.9M
Q2 25
$692.4M
Q1 25
$698.7M
Q4 24
$700.5M
Q3 24
$1.0B
$729.4M
Q2 24
$717.3M
Q1 24
$711.4M
Total Assets
DHT
DHT
ECVT
ECVT
Q4 25
$1.3B
Q3 25
$1.4B
$1.7B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.5B
$1.8B
Q2 24
$1.8B
Q1 24
$1.8B
Debt / Equity
DHT
DHT
ECVT
ECVT
Q4 25
0.65×
Q3 25
1.41×
Q2 25
1.24×
Q1 25
1.23×
Q4 24
1.23×
Q3 24
1.18×
Q2 24
1.20×
Q1 24
1.22×

Cash Flow & Capital Efficiency

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

Metric
DHT
DHT
ECVT
ECVT
Operating Cash FlowLast quarter
$60.9M
$41.8M
Free Cash FlowOCF − Capex
$22.9M
FCF MarginFCF / Revenue
11.5%
Capex IntensityCapex / Revenue
9.4%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$69.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
ECVT
ECVT
Q4 25
$41.8M
Q3 25
$60.9M
$55.3M
Q2 25
$33.0M
Q1 25
$10.3M
Q4 24
$43.5M
Q3 24
$80.1M
$59.9M
Q2 24
$10.0M
Q1 24
$36.5M
Free Cash Flow
DHT
DHT
ECVT
ECVT
Q4 25
$22.9M
Q3 25
$53.2M
Q2 25
$7.8M
Q1 25
$-14.0M
Q4 24
$30.9M
Q3 24
$53.6M
Q2 24
$-9.3M
Q1 24
$19.1M
FCF Margin
DHT
DHT
ECVT
ECVT
Q4 25
11.5%
Q3 25
26.0%
Q2 25
4.4%
Q1 25
-9.8%
Q4 24
20.7%
Q3 24
34.9%
Q2 24
-6.1%
Q1 24
13.5%
Capex Intensity
DHT
DHT
ECVT
ECVT
Q4 25
9.4%
Q3 25
1.0%
Q2 25
14.4%
Q1 25
16.9%
Q4 24
8.5%
Q3 24
4.1%
Q2 24
12.5%
Q1 24
12.3%
Cash Conversion
DHT
DHT
ECVT
ECVT
Q4 25
Q3 25
1.36×
Q2 25
5.52×
Q1 25
Q4 24
Q3 24
2.28×
4.21×
Q2 24
1.20×
Q1 24
29.90×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

ECVT
ECVT

Industrial Mining Automotive$101.3M51%
Regeneration And Treatment Services$90.0M45%
Other$8.1M4%

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