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

GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $107.3M, roughly 1.6× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 32.8%, a 8.9% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% 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.

GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.

DHT vs GCMG — Head-to-Head

Bigger by revenue
GCMG
GCMG
1.6× larger
GCMG
$177.1M
$107.3M
DHT
Growing faster (revenue YoY)
GCMG
GCMG
+31.6% gap
GCMG
7.2%
-24.5%
DHT
Higher net margin
DHT
DHT
8.9% more per $
DHT
41.7%
32.8%
GCMG

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
GCMG
GCMG
Revenue
$107.3M
$177.1M
Net Profit
$44.8M
$58.2M
Gross Margin
Operating Margin
44.2%
30.9%
Net Margin
41.7%
32.8%
Revenue YoY
-24.5%
7.2%
Net Profit YoY
27.3%
149.2%
EPS (diluted)
$0.28
$0.23

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
GCMG
GCMG
Q4 25
$177.1M
Q3 25
$107.3M
$135.0M
Q2 25
$119.7M
Q1 25
$125.8M
Q4 24
$165.3M
Q3 24
$142.1M
$122.9M
Q2 24
$117.0M
Q1 24
$108.9M
Net Profit
DHT
DHT
GCMG
GCMG
Q4 25
$58.2M
Q3 25
$44.8M
$10.5M
Q2 25
$15.4M
Q1 25
$463.0K
Q4 24
$7.6M
Q3 24
$35.2M
$4.2M
Q2 24
$4.8M
Q1 24
$2.1M
Operating Margin
DHT
DHT
GCMG
GCMG
Q4 25
30.9%
Q3 25
44.2%
32.7%
Q2 25
16.1%
Q1 25
12.2%
Q4 24
26.4%
Q3 24
29.7%
20.3%
Q2 24
17.8%
Q1 24
-14.7%
Net Margin
DHT
DHT
GCMG
GCMG
Q4 25
32.8%
Q3 25
41.7%
7.8%
Q2 25
12.9%
Q1 25
0.4%
Q4 24
4.6%
Q3 24
24.8%
3.4%
Q2 24
4.1%
Q1 24
2.0%
EPS (diluted)
DHT
DHT
GCMG
GCMG
Q4 25
$0.23
Q3 25
$0.28
$0.16
Q2 25
$0.05
Q1 25
$-0.02
Q4 24
$0.09
Q3 24
$0.22
$0.03
Q2 24
$0.04
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
GCMG
GCMG
Cash + ST InvestmentsLiquidity on hand
$81.3M
$242.1M
Total DebtLower is stronger
$428.4M
Stockholders' EquityBook value
$1.1B
$27.0M
Total Assets
$1.4B
$813.8M
Debt / EquityLower = less leverage
15.87×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
GCMG
GCMG
Q4 25
$242.1M
Q3 25
$81.3M
$182.7M
Q2 25
$136.3M
Q1 25
$94.5M
Q4 24
$89.5M
Q3 24
$73.8M
$98.4M
Q2 24
$73.9M
Q1 24
$41.9M
Total Debt
DHT
DHT
GCMG
GCMG
Q4 25
$428.4M
Q3 25
$429.3M
Q2 25
$430.2M
Q1 25
$431.1M
Q4 24
$432.0M
Q3 24
$432.9M
Q2 24
$433.8M
Q1 24
$384.0M
Stockholders' Equity
DHT
DHT
GCMG
GCMG
Q4 25
$27.0M
Q3 25
$1.1B
$-7.4M
Q2 25
$-12.3M
Q1 25
$-28.3M
Q4 24
$-27.6M
Q3 24
$1.0B
$-31.9M
Q2 24
$-28.5M
Q1 24
$-26.4M
Total Assets
DHT
DHT
GCMG
GCMG
Q4 25
$813.8M
Q3 25
$1.4B
$685.9M
Q2 25
$636.9M
Q1 25
$579.8M
Q4 24
$612.7M
Q3 24
$1.5B
$575.0M
Q2 24
$543.9M
Q1 24
$497.3M
Debt / Equity
DHT
DHT
GCMG
GCMG
Q4 25
15.87×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
GCMG
GCMG
Operating Cash FlowLast quarter
$60.9M
$183.5M
Free Cash FlowOCF − Capex
$175.0M
FCF MarginFCF / Revenue
98.8%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
1.36×
3.16×
TTM Free Cash FlowTrailing 4 quarters
$326.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
GCMG
GCMG
Q4 25
$183.5M
Q3 25
$60.9M
$79.8M
Q2 25
$42.0M
Q1 25
$33.3M
Q4 24
$148.8M
Q3 24
$80.1M
$69.0M
Q2 24
$17.5M
Q1 24
$24.2M
Free Cash Flow
DHT
DHT
GCMG
GCMG
Q4 25
$175.0M
Q3 25
$78.3M
Q2 25
$40.8M
Q1 25
$32.1M
Q4 24
$132.0M
Q3 24
$62.2M
Q2 24
$12.8M
Q1 24
$20.0M
FCF Margin
DHT
DHT
GCMG
GCMG
Q4 25
98.8%
Q3 25
58.0%
Q2 25
34.1%
Q1 25
25.5%
Q4 24
79.9%
Q3 24
50.6%
Q2 24
10.9%
Q1 24
18.4%
Capex Intensity
DHT
DHT
GCMG
GCMG
Q4 25
4.8%
Q3 25
1.1%
Q2 25
1.0%
Q1 25
0.9%
Q4 24
10.1%
Q3 24
5.5%
Q2 24
4.0%
Q1 24
3.9%
Cash Conversion
DHT
DHT
GCMG
GCMG
Q4 25
3.16×
Q3 25
1.36×
7.61×
Q2 25
2.72×
Q1 25
71.84×
Q4 24
19.54×
Q3 24
2.28×
16.60×
Q2 24
3.64×
Q1 24
11.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

GCMG
GCMG

Asset Management1$108.6M61%
Management Service Incentive Performance Fees$61.7M35%
Management Service Incentive Carried Interest$5.1M3%
Service Other$1.8M1%

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