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

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $67.3M, roughly 1.6× HBT Financial, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 16.6%, a 25.1% 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.

HBT Financial, Inc. is a U.S.-headquartered regional bank holding company based in Illinois. It offers a full range of retail and commercial banking services including deposit accounts, consumer and business loan products, wealth management advisory, and mortgage services, primarily serving local community residents and small to mid-sized enterprise clients in its operating areas.

DHT vs HBT — Head-to-Head

Bigger by revenue
DHT
DHT
1.6× larger
DHT
$107.3M
$67.3M
HBT
Higher net margin
DHT
DHT
25.1% more per $
DHT
41.7%
16.6%
HBT

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
DHT
DHT
HBT
HBT
Revenue
$107.3M
$67.3M
Net Profit
$44.8M
$11.2M
Gross Margin
Operating Margin
44.2%
Net Margin
41.7%
16.6%
Revenue YoY
-24.5%
Net Profit YoY
27.3%
-41.3%
EPS (diluted)
$0.28
$0.34

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
HBT
HBT
Q1 26
$67.3M
Q4 25
$60.4M
Q3 25
$107.3M
$59.8M
Q2 25
$58.8M
Q1 25
$58.0M
Q4 24
$59.0M
Q3 24
$142.1M
$56.4M
Q2 24
$56.6M
Net Profit
DHT
DHT
HBT
HBT
Q1 26
$11.2M
Q4 25
Q3 25
$44.8M
$19.8M
Q2 25
$19.2M
Q1 25
$19.1M
Q4 24
$20.3M
Q3 24
$35.2M
$18.2M
Q2 24
$18.1M
Operating Margin
DHT
DHT
HBT
HBT
Q1 26
Q4 25
42.9%
Q3 25
44.2%
44.7%
Q2 25
44.8%
Q1 25
44.0%
Q4 24
46.4%
Q3 24
29.7%
43.4%
Q2 24
44.1%
Net Margin
DHT
DHT
HBT
HBT
Q1 26
16.6%
Q4 25
Q3 25
41.7%
33.0%
Q2 25
32.7%
Q1 25
32.9%
Q4 24
42.8%
Q3 24
24.8%
32.2%
Q2 24
31.9%
EPS (diluted)
DHT
DHT
HBT
HBT
Q1 26
$0.34
Q4 25
$0.60
Q3 25
$0.28
$0.63
Q2 25
$0.61
Q1 25
$0.60
Q4 24
$0.64
Q3 24
$0.22
$0.57
Q2 24
$0.57

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
HBT
HBT
Cash + ST InvestmentsLiquidity on hand
$81.3M
$287.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$747.4M
Total Assets
$1.4B
$6.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
HBT
HBT
Q1 26
$287.7M
Q4 25
$122.3M
Q3 25
$81.3M
$155.1M
Q2 25
$195.7M
Q1 25
$211.6M
Q4 24
$137.7M
Q3 24
$73.8M
$179.7M
Q2 24
$195.2M
Stockholders' Equity
DHT
DHT
HBT
HBT
Q1 26
$747.4M
Q4 25
$615.5M
Q3 25
$1.1B
$599.1M
Q2 25
$580.9M
Q1 25
$565.1M
Q4 24
$544.6M
Q3 24
$1.0B
$537.7M
Q2 24
$509.5M
Total Assets
DHT
DHT
HBT
HBT
Q1 26
$6.8B
Q4 25
$5.1B
Q3 25
$1.4B
$5.0B
Q2 25
$5.0B
Q1 25
$5.1B
Q4 24
$5.0B
Q3 24
$1.5B
$5.0B
Q2 24
$5.0B

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
HBT
HBT
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
HBT
HBT
Q1 26
Q4 25
$85.1M
Q3 25
$60.9M
$17.2M
Q2 25
$13.6M
Q1 25
$30.4M
Q4 24
$89.4M
Q3 24
$80.1M
$25.5M
Q2 24
$19.8M
Cash Conversion
DHT
DHT
HBT
HBT
Q1 26
Q4 25
Q3 25
1.36×
0.87×
Q2 25
0.70×
Q1 25
1.60×
Q4 24
4.41×
Q3 24
2.28×
1.40×
Q2 24
1.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

HBT
HBT

Net Interest Income$56.4M84%
Noninterest Income$10.9M16%

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