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

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $98.7M, roughly 1.1× GCL Global Holdings Ltd). DHT Holdings, Inc. runs the higher net margin — 41.7% vs -5.2%, a 46.9% gap on every dollar of revenue.

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.

GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.

DHT vs GCL — Head-to-Head

Bigger by revenue
DHT
DHT
1.1× larger
DHT
$107.3M
$98.7M
GCL
Higher net margin
DHT
DHT
46.9% more per $
DHT
41.7%
-5.2%
GCL

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
DHT
DHT
GCL
GCL
Revenue
$107.3M
$98.7M
Net Profit
$44.8M
$-5.1M
Gross Margin
11.0%
Operating Margin
44.2%
-6.7%
Net Margin
41.7%
-5.2%
Revenue YoY
-24.5%
Net Profit YoY
27.3%
EPS (diluted)
$0.28
$-0.04

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
GCL
GCL
Q3 25
$107.3M
$98.7M
Q2 25
$142.1M
Q3 24
$142.1M
$36.1M
Q3 23
$131.6M
Q3 22
$109.9M
Net Profit
DHT
DHT
GCL
GCL
Q3 25
$44.8M
$-5.1M
Q2 25
$5.6M
Q3 24
$35.2M
$-1.9M
Q3 23
$31.0M
Q3 22
$7.5M
Gross Margin
DHT
DHT
GCL
GCL
Q3 25
11.0%
Q2 25
15.0%
Q3 24
16.2%
Q3 23
Q3 22
Operating Margin
DHT
DHT
GCL
GCL
Q3 25
44.2%
-6.7%
Q2 25
2.3%
Q3 24
29.7%
-5.6%
Q3 23
29.7%
Q3 22
11.1%
Net Margin
DHT
DHT
GCL
GCL
Q3 25
41.7%
-5.2%
Q2 25
3.9%
Q3 24
24.8%
-5.2%
Q3 23
23.5%
Q3 22
6.8%
EPS (diluted)
DHT
DHT
GCL
GCL
Q3 25
$0.28
$-0.04
Q2 25
$0.05
Q3 24
$0.22
Q3 23
$0.19
Q3 22
$0.04

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
GCL
GCL
Cash + ST InvestmentsLiquidity on hand
$81.3M
$16.6M
Total DebtLower is stronger
$52.0M
Stockholders' EquityBook value
$1.1B
$33.1M
Total Assets
$1.4B
$159.9M
Debt / EquityLower = less leverage
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
GCL
GCL
Q3 25
$81.3M
$16.6M
Q2 25
$18.2M
Q3 24
$73.8M
$2.7M
Q3 23
$73.9M
Q3 22
$65.7M
Total Debt
DHT
DHT
GCL
GCL
Q3 25
$52.0M
Q2 25
$11.9M
Q3 24
Q3 23
Q3 22
Stockholders' Equity
DHT
DHT
GCL
GCL
Q3 25
$1.1B
$33.1M
Q2 25
$35.9M
Q3 24
$1.0B
$15.9M
Q3 23
$1.0B
Q3 22
$1.0B
Total Assets
DHT
DHT
GCL
GCL
Q3 25
$1.4B
$159.9M
Q2 25
$101.6M
Q3 24
$1.5B
$49.6M
Q3 23
$1.5B
Q3 22
$1.5B
Debt / Equity
DHT
DHT
GCL
GCL
Q3 25
1.57×
Q2 25
0.33×
Q3 24
Q3 23
Q3 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
GCL
GCL
Operating Cash FlowLast quarter
$60.9M
$-4.8M
Free Cash FlowOCF − Capex
$-5.2M
FCF MarginFCF / Revenue
-5.3%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
GCL
GCL
Q3 25
$60.9M
$-4.8M
Q2 25
$-10.3M
Q3 24
$80.1M
$6.1M
Q3 23
$55.7M
Q3 22
$5.5M
Free Cash Flow
DHT
DHT
GCL
GCL
Q3 25
$-5.2M
Q2 25
$-10.5M
Q3 24
Q3 23
Q3 22
FCF Margin
DHT
DHT
GCL
GCL
Q3 25
-5.3%
Q2 25
-7.4%
Q3 24
Q3 23
Q3 22
Capex Intensity
DHT
DHT
GCL
GCL
Q3 25
0.4%
Q2 25
0.1%
Q3 24
Q3 23
Q3 22
Cash Conversion
DHT
DHT
GCL
GCL
Q3 25
1.36×
Q2 25
-1.84×
Q3 24
2.28×
Q3 23
1.80×
Q3 22
0.73×

Financial Flow Comparison

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

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