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

INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $107.3M, roughly 1.5× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 4.7%, a 37.0% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% 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.

Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.

DHT vs IIIN — Head-to-Head

Bigger by revenue
IIIN
IIIN
1.5× larger
IIIN
$159.9M
$107.3M
DHT
Growing faster (revenue YoY)
IIIN
IIIN
+47.7% gap
IIIN
23.3%
-24.5%
DHT
Higher net margin
DHT
DHT
37.0% more per $
DHT
41.7%
4.7%
IIIN

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
DHT
DHT
IIIN
IIIN
Revenue
$107.3M
$159.9M
Net Profit
$44.8M
$7.6M
Gross Margin
11.3%
Operating Margin
44.2%
6.0%
Net Margin
41.7%
4.7%
Revenue YoY
-24.5%
23.3%
Net Profit YoY
27.3%
602.4%
EPS (diluted)
$0.28
$0.39

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
IIIN
IIIN
Q4 25
$159.9M
Q3 25
$107.3M
$177.4M
Q2 25
$179.9M
Q1 25
$160.7M
Q4 24
$129.7M
Q3 24
$142.1M
$134.3M
Q2 24
$145.8M
Q1 24
$127.4M
Net Profit
DHT
DHT
IIIN
IIIN
Q4 25
$7.6M
Q3 25
$44.8M
$14.6M
Q2 25
$15.2M
Q1 25
$10.2M
Q4 24
$1.1M
Q3 24
$35.2M
$4.7M
Q2 24
$6.6M
Q1 24
$6.9M
Gross Margin
DHT
DHT
IIIN
IIIN
Q4 25
11.3%
Q3 25
16.1%
Q2 25
17.1%
Q1 25
15.3%
Q4 24
7.3%
Q3 24
9.1%
Q2 24
10.6%
Q1 24
12.3%
Operating Margin
DHT
DHT
IIIN
IIIN
Q4 25
6.0%
Q3 25
44.2%
10.8%
Q2 25
11.0%
Q1 25
8.3%
Q4 24
1.1%
Q3 24
29.7%
4.5%
Q2 24
6.0%
Q1 24
7.0%
Net Margin
DHT
DHT
IIIN
IIIN
Q4 25
4.7%
Q3 25
41.7%
8.2%
Q2 25
8.4%
Q1 25
6.4%
Q4 24
0.8%
Q3 24
24.8%
3.5%
Q2 24
4.5%
Q1 24
5.4%
EPS (diluted)
DHT
DHT
IIIN
IIIN
Q4 25
$0.39
Q3 25
$0.28
$0.74
Q2 25
$0.78
Q1 25
$0.52
Q4 24
$0.06
Q3 24
$0.22
$0.24
Q2 24
$0.34
Q1 24
$0.35

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
IIIN
IIIN
Cash + ST InvestmentsLiquidity on hand
$81.3M
$15.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$358.8M
Total Assets
$1.4B
$456.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
IIIN
IIIN
Q4 25
$15.6M
Q3 25
$81.3M
$38.6M
Q2 25
$53.7M
Q1 25
$28.4M
Q4 24
$36.0M
Q3 24
$73.8M
$111.5M
Q2 24
$97.7M
Q1 24
$83.9M
Stockholders' Equity
DHT
DHT
IIIN
IIIN
Q4 25
$358.8M
Q3 25
$1.1B
$371.5M
Q2 25
$356.2M
Q1 25
$341.4M
Q4 24
$331.6M
Q3 24
$1.0B
$350.9M
Q2 24
$346.0M
Q1 24
$340.6M
Total Assets
DHT
DHT
IIIN
IIIN
Q4 25
$456.1M
Q3 25
$1.4B
$462.6M
Q2 25
$471.9M
Q1 25
$421.9M
Q4 24
$404.7M
Q3 24
$1.5B
$422.6M
Q2 24
$414.6M
Q1 24
$397.2M

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
IIIN
IIIN
Operating Cash FlowLast quarter
$60.9M
$-701.0K
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-1.4%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
1.36×
-0.09×
TTM Free Cash FlowTrailing 4 quarters
$439.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
IIIN
IIIN
Q4 25
$-701.0K
Q3 25
$60.9M
$-17.0M
Q2 25
$28.5M
Q1 25
$-3.3M
Q4 24
$19.0M
Q3 24
$80.1M
$16.2M
Q2 24
$18.8M
Q1 24
$1.4M
Free Cash Flow
DHT
DHT
IIIN
IIIN
Q4 25
$-2.2M
Q3 25
$-18.7M
Q2 25
$26.9M
Q1 25
$-5.5M
Q4 24
$16.3M
Q3 24
$14.5M
Q2 24
$15.5M
Q1 24
$-580.0K
FCF Margin
DHT
DHT
IIIN
IIIN
Q4 25
-1.4%
Q3 25
-10.6%
Q2 25
15.0%
Q1 25
-3.5%
Q4 24
12.6%
Q3 24
10.8%
Q2 24
10.7%
Q1 24
-0.5%
Capex Intensity
DHT
DHT
IIIN
IIIN
Q4 25
0.9%
Q3 25
1.0%
Q2 25
0.9%
Q1 25
1.4%
Q4 24
2.1%
Q3 24
1.3%
Q2 24
2.2%
Q1 24
1.5%
Cash Conversion
DHT
DHT
IIIN
IIIN
Q4 25
-0.09×
Q3 25
1.36×
-1.17×
Q2 25
1.88×
Q1 25
-0.32×
Q4 24
17.56×
Q3 24
2.28×
3.48×
Q2 24
2.86×
Q1 24
0.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

IIIN
IIIN

Welded Wire Reinforcement$108.4M68%
PC Strand$51.6M32%

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