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Side-by-side financial comparison of DHT Holdings, Inc. (DHT) and FULL HOUSE RESORTS INC (FLL). Click either name above to swap in a different company.

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $75.4M, roughly 1.4× FULL HOUSE RESORTS INC). DHT Holdings, Inc. runs the higher net margin — 41.7% vs -16.4%, a 58.1% gap on every dollar of revenue. On growth, FULL HOUSE RESORTS INC posted the faster year-over-year revenue change (3.4% 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.

Full House Resorts, Inc. is an American casino developer and operator based in Summerlin South, Nevada. The company currently operates five casinos. It is known for the involvement of Gulfstream Aerospace founder Allen Paulson, who was CEO from 1994 to 2000, and former Chrysler chairman Lee Iacocca, who was a major investor in the company from 1995 to 2013. Dan Lee has been CEO since late 2014.

DHT vs FLL — Head-to-Head

Bigger by revenue
DHT
DHT
1.4× larger
DHT
$107.3M
$75.4M
FLL
Growing faster (revenue YoY)
FLL
FLL
+27.8% gap
FLL
3.4%
-24.5%
DHT
Higher net margin
DHT
DHT
58.1% more per $
DHT
41.7%
-16.4%
FLL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
FLL
FLL
Revenue
$107.3M
$75.4M
Net Profit
$44.8M
$-12.4M
Gross Margin
93.1%
Operating Margin
44.2%
-1.3%
Net Margin
41.7%
-16.4%
Revenue YoY
-24.5%
3.4%
Net Profit YoY
27.3%
-0.6%
EPS (diluted)
$0.28
$-0.35

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
FLL
FLL
Q4 25
$75.4M
Q3 25
$107.3M
$78.0M
Q2 25
$73.9M
Q1 25
$75.1M
Q4 24
$73.0M
Q3 24
$142.1M
$75.7M
Q2 24
$73.5M
Q1 24
$69.9M
Net Profit
DHT
DHT
FLL
FLL
Q4 25
$-12.4M
Q3 25
$44.8M
$-7.7M
Q2 25
$-10.4M
Q1 25
$-9.8M
Q4 24
$-12.3M
Q3 24
$35.2M
$-8.5M
Q2 24
$-8.6M
Q1 24
$-11.3M
Gross Margin
DHT
DHT
FLL
FLL
Q4 25
93.1%
Q3 25
93.2%
Q2 25
93.5%
Q1 25
93.4%
Q4 24
92.1%
Q3 24
92.2%
Q2 24
92.4%
Q1 24
92.3%
Operating Margin
DHT
DHT
FLL
FLL
Q4 25
-1.3%
Q3 25
44.2%
4.4%
Q2 25
-0.1%
Q1 25
1.0%
Q4 24
-1.9%
Q3 24
29.7%
3.2%
Q2 24
3.2%
Q1 24
-0.9%
Net Margin
DHT
DHT
FLL
FLL
Q4 25
-16.4%
Q3 25
41.7%
-9.8%
Q2 25
-14.0%
Q1 25
-13.0%
Q4 24
-16.9%
Q3 24
24.8%
-11.2%
Q2 24
-11.7%
Q1 24
-16.1%
EPS (diluted)
DHT
DHT
FLL
FLL
Q4 25
$-0.35
Q3 25
$0.28
$-0.21
Q2 25
$-0.29
Q1 25
$-0.27
Q4 24
$-0.34
Q3 24
$0.22
$-0.24
Q2 24
$-0.25
Q1 24
$-0.33

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
FLL
FLL
Cash + ST InvestmentsLiquidity on hand
$81.3M
$40.7M
Total DebtLower is stronger
$473.6M
Stockholders' EquityBook value
$1.1B
$2.5M
Total Assets
$1.4B
$649.8M
Debt / EquityLower = less leverage
186.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
FLL
FLL
Q4 25
$40.7M
Q3 25
$81.3M
$30.9M
Q2 25
$32.1M
Q1 25
$30.7M
Q4 24
$40.2M
Q3 24
$73.8M
$25.9M
Q2 24
$31.1M
Q1 24
$25.7M
Total Debt
DHT
DHT
FLL
FLL
Q4 25
$473.6M
Q3 25
$473.1M
Q2 25
$467.5M
Q1 25
$471.7M
Q4 24
$468.1M
Q3 24
$467.4M
Q2 24
$466.6M
Q1 24
$465.9M
Stockholders' Equity
DHT
DHT
FLL
FLL
Q4 25
$2.5M
Q3 25
$1.1B
$14.2M
Q2 25
$21.2M
Q1 25
$31.0M
Q4 24
$40.5M
Q3 24
$1.0B
$51.8M
Q2 24
$59.5M
Q1 24
$67.3M
Total Assets
DHT
DHT
FLL
FLL
Q4 25
$649.8M
Q3 25
$1.4B
$644.4M
Q2 25
$651.5M
Q1 25
$657.2M
Q4 24
$673.3M
Q3 24
$1.5B
$668.7M
Q2 24
$673.9M
Q1 24
$670.4M
Debt / Equity
DHT
DHT
FLL
FLL
Q4 25
186.62×
Q3 25
33.30×
Q2 25
22.04×
Q1 25
15.22×
Q4 24
11.56×
Q3 24
9.02×
Q2 24
7.85×
Q1 24
6.92×

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
FLL
FLL
Operating Cash FlowLast quarter
$60.9M
$12.0M
Free Cash FlowOCF − Capex
$10.7M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$-2.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
FLL
FLL
Q4 25
$12.0M
Q3 25
$60.9M
$-472.0K
Q2 25
$7.9M
Q1 25
$-9.5M
Q4 24
$14.8M
Q3 24
$80.1M
$-6.7M
Q2 24
$10.1M
Q1 24
$-4.4M
Free Cash Flow
DHT
DHT
FLL
FLL
Q4 25
$10.7M
Q3 25
$-5.5M
Q2 25
$4.5M
Q1 25
$-12.3M
Q4 24
$6.9M
Q3 24
$-17.4M
Q2 24
$-1.2M
Q1 24
$-27.0M
FCF Margin
DHT
DHT
FLL
FLL
Q4 25
14.1%
Q3 25
-7.1%
Q2 25
6.1%
Q1 25
-16.4%
Q4 24
9.4%
Q3 24
-23.0%
Q2 24
-1.6%
Q1 24
-38.7%
Capex Intensity
DHT
DHT
FLL
FLL
Q4 25
1.8%
Q3 25
6.5%
Q2 25
4.5%
Q1 25
3.8%
Q4 24
10.9%
Q3 24
14.1%
Q2 24
15.4%
Q1 24
32.4%
Cash Conversion
DHT
DHT
FLL
FLL
Q4 25
Q3 25
1.36×
Q2 25
Q1 25
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

DHT
DHT

Segment breakdown not available.

FLL
FLL

Midwest And South$58.2M77%
Food And Beverage$9.7M13%
Other Operations$3.6M5%
Other$2.3M3%
Contracted Sports Wagering$1.7M2%

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