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Side-by-side financial comparison of DHT Holdings, Inc. (DHT) and Hut 8 Corp. (HUT). Click either name above to swap in a different company.

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $88.5M, roughly 1.2× Hut 8 Corp.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs -316.0%, a 357.8% gap on every dollar of revenue. On growth, Hut 8 Corp. posted the faster year-over-year revenue change (179.2% 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.

Tropical Hut is a Filipino chain of fast food restaurants owned by Mercury Group of Companies, Inc. It is the 7th oldest food chain in the Philippines and older than Jollibee (1978) and McDonald's Philippines (1981).

DHT vs HUT — Head-to-Head

Bigger by revenue
DHT
DHT
1.2× larger
DHT
$107.3M
$88.5M
HUT
Growing faster (revenue YoY)
HUT
HUT
+203.7% gap
HUT
179.2%
-24.5%
DHT
Higher net margin
DHT
DHT
357.8% more per $
DHT
41.7%
-316.0%
HUT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
HUT
HUT
Revenue
$107.3M
$88.5M
Net Profit
$44.8M
$-279.7M
Gross Margin
60.4%
Operating Margin
44.2%
-491.4%
Net Margin
41.7%
-316.0%
Revenue YoY
-24.5%
179.2%
Net Profit YoY
27.3%
-283.7%
EPS (diluted)
$0.28
$-2.45

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
HUT
HUT
Q4 25
$88.5M
Q3 25
$107.3M
$83.5M
Q2 25
$41.3M
Q1 25
$21.8M
Q4 24
$31.7M
Q3 24
$142.1M
$43.7M
Q2 24
$35.2M
Q1 24
$51.7M
Net Profit
DHT
DHT
HUT
HUT
Q4 25
$-279.7M
Q3 25
$44.8M
$50.1M
Q2 25
$137.3M
Q1 25
$-133.9M
Q4 24
$152.2M
Q3 24
$35.2M
$647.0K
Q2 24
$-71.9M
Q1 24
$250.9M
Gross Margin
DHT
DHT
HUT
HUT
Q4 25
60.4%
Q3 25
61.3%
Q2 25
47.3%
Q1 25
14.5%
Q4 24
35.9%
Q3 24
59.9%
Q2 24
41.4%
Q1 24
45.6%
Operating Margin
DHT
DHT
HUT
HUT
Q4 25
-491.4%
Q3 25
44.2%
87.0%
Q2 25
Q1 25
-676.8%
Q4 24
Q3 24
29.7%
-3.6%
Q2 24
-246.2%
Q1 24
Net Margin
DHT
DHT
HUT
HUT
Q4 25
-316.0%
Q3 25
41.7%
60.0%
Q2 25
332.5%
Q1 25
-613.7%
Q4 24
480.3%
Q3 24
24.8%
1.5%
Q2 24
-204.1%
Q1 24
484.9%
EPS (diluted)
DHT
DHT
HUT
HUT
Q4 25
$-2.45
Q3 25
$0.28
$0.43
Q2 25
$1.18
Q1 25
$-1.30
Q4 24
$1.41
Q3 24
$0.22
$0.01
Q2 24
$-0.78
Q1 24
$2.76

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
HUT
HUT
Cash + ST InvestmentsLiquidity on hand
$81.3M
$44.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$1.4B
Total Assets
$1.4B
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
HUT
HUT
Q4 25
$44.9M
Q3 25
$81.3M
$33.5M
Q2 25
$216.3M
Q1 25
$108.4M
Q4 24
$85.0M
Q3 24
$73.8M
Q2 24
Q1 24
$11.5M
Total Debt
DHT
DHT
HUT
HUT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$300.6M
Q3 24
$297.3M
Q2 24
$328.8M
Q1 24
$177.6M
Stockholders' Equity
DHT
DHT
HUT
HUT
Q4 25
$1.4B
Q3 25
$1.1B
$1.4B
Q2 25
$1.3B
Q1 25
$960.0M
Q4 24
$976.7M
Q3 24
$1.0B
$703.9M
Q2 24
$660.1M
Q1 24
$732.0M
Total Assets
DHT
DHT
HUT
HUT
Q4 25
$2.8B
Q3 25
$1.4B
$2.7B
Q2 25
$2.0B
Q1 25
$1.6B
Q4 24
$1.5B
Q3 24
$1.5B
$1.1B
Q2 24
$1.1B
Q1 24
$999.0M
Debt / Equity
DHT
DHT
HUT
HUT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.31×
Q3 24
0.42×
Q2 24
0.50×
Q1 24
0.24×

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
HUT
HUT
Operating Cash FlowLast quarter
$60.9M
$-139.2M
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
HUT
HUT
Q4 25
$-139.2M
Q3 25
$60.9M
$770.0K
Q2 25
$-48.8M
Q1 25
$-33.8M
Q4 24
$-68.5M
Q3 24
$80.1M
$-4.2M
Q2 24
$-16.4M
Q1 24
$-26.3M
Cash Conversion
DHT
DHT
HUT
HUT
Q4 25
Q3 25
1.36×
0.02×
Q2 25
-0.36×
Q1 25
Q4 24
-0.45×
Q3 24
2.28×
-6.49×
Q2 24
Q1 24
-0.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

HUT
HUT

High Performance Computing Colocation And Cloud$81.9M93%
Power$5.0M6%
Digital Infrastructure$1.6M2%

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