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

HA Sustainable Infrastructure Capital, Inc. is the larger business by last-quarter revenue ($114.8M vs $107.3M, roughly 1.1× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs -46.8%, a 88.6% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, 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.

HA Sustainable Infrastructure Capital, Inc. (HASI) is a specialized investment firm focused on sustainable infrastructure assets covering renewable energy, energy efficiency, sustainable real estate and low-carbon utility segments. It primarily operates in North American markets, providing long-term capital to eligible sustainable projects and delivering stable risk-adjusted returns to investors through recurring cash flows from operational underlying assets.

DHT vs HASI — Head-to-Head

Bigger by revenue
HASI
HASI
1.1× larger
HASI
$114.8M
$107.3M
DHT
Growing faster (revenue YoY)
HASI
HASI
+37.8% gap
HASI
13.3%
-24.5%
DHT
Higher net margin
DHT
DHT
88.6% more per $
DHT
41.7%
-46.8%
HASI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
HASI
HASI
Revenue
$107.3M
$114.8M
Net Profit
$44.8M
$-53.8M
Gross Margin
Operating Margin
44.2%
-57.4%
Net Margin
41.7%
-46.8%
Revenue YoY
-24.5%
13.3%
Net Profit YoY
27.3%
-176.7%
EPS (diluted)
$0.28
$-0.38

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
HASI
HASI
Q4 25
$114.8M
Q3 25
$107.3M
$103.1M
Q2 25
$85.7M
Q1 25
$96.9M
Q4 24
$101.3M
Q3 24
$142.1M
$82.0M
Q2 24
$94.5M
Q1 24
$105.8M
Net Profit
DHT
DHT
HASI
HASI
Q4 25
$-53.8M
Q3 25
$44.8M
$83.3M
Q2 25
$98.4M
Q1 25
$56.6M
Q4 24
$70.1M
Q3 24
$35.2M
$-19.6M
Q2 24
$26.5M
Q1 24
$123.0M
Operating Margin
DHT
DHT
HASI
HASI
Q4 25
-57.4%
Q3 25
44.2%
Q2 25
Q1 25
84.7%
Q4 24
90.9%
Q3 24
29.7%
-32.1%
Q2 24
39.5%
Q1 24
Net Margin
DHT
DHT
HASI
HASI
Q4 25
-46.8%
Q3 25
41.7%
80.8%
Q2 25
114.9%
Q1 25
58.4%
Q4 24
69.2%
Q3 24
24.8%
-23.9%
Q2 24
28.1%
Q1 24
116.3%
EPS (diluted)
DHT
DHT
HASI
HASI
Q4 25
$-0.38
Q3 25
$0.28
$0.61
Q2 25
$0.74
Q1 25
$0.44
Q4 24
$0.58
Q3 24
$0.22
$-0.17
Q2 24
$0.23
Q1 24
$0.98

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
HASI
HASI
Cash + ST InvestmentsLiquidity on hand
$81.3M
$110.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$2.7B
Total Assets
$1.4B
$8.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
HASI
HASI
Q4 25
$110.2M
Q3 25
$81.3M
$301.8M
Q2 25
$86.5M
Q1 25
$67.4M
Q4 24
$129.8M
Q3 24
$73.8M
$44.1M
Q2 24
$145.7M
Q1 24
$61.4M
Stockholders' Equity
DHT
DHT
HASI
HASI
Q4 25
$2.7B
Q3 25
$1.1B
$2.7B
Q2 25
$2.6B
Q1 25
$2.5B
Q4 24
$2.4B
Q3 24
$1.0B
$2.3B
Q2 24
$2.3B
Q1 24
$2.3B
Total Assets
DHT
DHT
HASI
HASI
Q4 25
$8.2B
Q3 25
$1.4B
$8.2B
Q2 25
$7.6B
Q1 25
$7.5B
Q4 24
$7.1B
Q3 24
$1.5B
$6.7B
Q2 24
$6.7B
Q1 24
$6.7B

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
HASI
HASI
Operating Cash FlowLast quarter
$60.9M
$167.3M
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
HASI
HASI
Q4 25
$167.3M
Q3 25
$60.9M
$-121.8M
Q2 25
$79.6M
Q1 25
$-37.1M
Q4 24
$5.9M
Q3 24
$80.1M
$21.9M
Q2 24
$-24.8M
Q1 24
$20.9M
Cash Conversion
DHT
DHT
HASI
HASI
Q4 25
Q3 25
1.36×
-1.46×
Q2 25
0.81×
Q1 25
-0.66×
Q4 24
0.08×
Q3 24
2.28×
Q2 24
-0.94×
Q1 24
0.17×

Financial Flow Comparison

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

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