vs

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

GDEV Inc. is the larger business by last-quarter revenue ($119.9M vs $107.3M, roughly 1.1× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 13.9%, a 27.9% gap on every dollar of revenue. On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% 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.

GDEV Inc. is a gaming and entertainment holding company. It is a publicly traded company listed on the Nasdaq stock exchange, headquartered in Limassol, Cyprus. The holding was evolved in June 2023 from a video game company Nexters, founded in 2014, one of the top five independent mobile game companies in Europe. Subsidiaries of GDEV include Nexters Studio, which operates offices in Cyprus, Armenia, and Kazakhstan, as well as Cubic Games, Royal Ark, Game Gears and Light Hour Games. The compan...

DHT vs GDEV — Head-to-Head

Bigger by revenue
GDEV
GDEV
1.1× larger
GDEV
$119.9M
$107.3M
DHT
Growing faster (revenue YoY)
GDEV
GDEV
+37.8% gap
GDEV
13.3%
-24.5%
DHT
Higher net margin
DHT
DHT
27.9% more per $
DHT
41.7%
13.9%
GDEV

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
DHT
DHT
GDEV
GDEV
Revenue
$107.3M
$119.9M
Net Profit
$44.8M
$16.6M
Gross Margin
Operating Margin
44.2%
15.5%
Net Margin
41.7%
13.9%
Revenue YoY
-24.5%
13.3%
Net Profit YoY
27.3%
13.0%
EPS (diluted)
$0.28
$0.90

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
GDEV
GDEV
Q3 25
$107.3M
Q2 25
$119.9M
Q3 24
$142.1M
Q2 24
$105.8M
Q3 23
$131.6M
Q2 23
$114.9M
Q3 22
$109.9M
Q2 22
$125.8M
Net Profit
DHT
DHT
GDEV
GDEV
Q3 25
$44.8M
Q2 25
$16.6M
Q3 24
$35.2M
Q2 24
$14.7M
Q3 23
$31.0M
Q2 23
$19.5M
Q3 22
$7.5M
Q2 22
$29.3M
Operating Margin
DHT
DHT
GDEV
GDEV
Q3 25
44.2%
Q2 25
15.5%
Q3 24
29.7%
Q2 24
14.4%
Q3 23
29.7%
Q2 23
12.9%
Q3 22
11.1%
Q2 22
34.4%
Net Margin
DHT
DHT
GDEV
GDEV
Q3 25
41.7%
Q2 25
13.9%
Q3 24
24.8%
Q2 24
13.9%
Q3 23
23.5%
Q2 23
17.0%
Q3 22
6.8%
Q2 22
23.3%
EPS (diluted)
DHT
DHT
GDEV
GDEV
Q3 25
$0.28
Q2 25
$0.90
Q3 24
$0.22
Q2 24
$0.81
Q3 23
$0.19
Q2 23
$0.99
Q3 22
$0.04
Q2 22
$0.15

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$81.3M
$41.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$-129.4M
Total Assets
$1.4B
$210.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
GDEV
GDEV
Q3 25
$81.3M
Q2 25
$41.6M
Q3 24
$73.8M
Q2 24
$50.8M
Q3 23
$73.9M
Q2 23
$68.6M
Q3 22
$65.7M
Q2 22
$91.4M
Stockholders' Equity
DHT
DHT
GDEV
GDEV
Q3 25
$1.1B
Q2 25
$-129.4M
Q3 24
$1.0B
Q2 24
$-118.7M
Q3 23
$1.0B
Q2 23
$-135.8M
Q3 22
$1.0B
Q2 22
$-105.2M
Total Assets
DHT
DHT
GDEV
GDEV
Q3 25
$1.4B
Q2 25
$210.2M
Q3 24
$1.5B
Q2 24
$282.8M
Q3 23
$1.5B
Q2 23
$302.2M
Q3 22
$1.5B
Q2 22
$373.3M

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
GDEV
GDEV
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
DHT
DHT
GDEV
GDEV
Q3 25
$60.9M
Q2 25
Q3 24
$80.1M
Q2 24
Q3 23
$55.7M
Q2 23
Q3 22
$5.5M
Q2 22
$21.1M
Cash Conversion
DHT
DHT
GDEV
GDEV
Q3 25
1.36×
Q2 25
Q3 24
2.28×
Q2 24
Q3 23
1.80×
Q2 23
Q3 22
0.73×
Q2 22
0.72×

Financial Flow Comparison

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

Related Comparisons