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

Innoviva, Inc. is the larger business by last-quarter revenue ($114.6M vs $107.3M, roughly 1.1× DHT Holdings, Inc.). Innoviva, Inc. runs the higher net margin — 143.2% vs 41.7%, a 101.5% gap on every dollar of revenue. On growth, Innoviva, Inc. posted the faster year-over-year revenue change (24.8% 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.

Innoviva, Inc. is a healthcare company specializing in the development, commercialization, and royalty management of prescription therapeutics for respiratory diseases, infectious diseases, and critical care conditions. It partners with leading global pharmaceutical firms to deliver treatments for asthma, COPD and other chronic illnesses to patients across core markets including North America and Europe.

DHT vs INVA — Head-to-Head

Bigger by revenue
INVA
INVA
1.1× larger
INVA
$114.6M
$107.3M
DHT
Growing faster (revenue YoY)
INVA
INVA
+49.3% gap
INVA
24.8%
-24.5%
DHT
Higher net margin
INVA
INVA
101.5% more per $
INVA
143.2%
41.7%
DHT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
INVA
INVA
Revenue
$107.3M
$114.6M
Net Profit
$44.8M
$164.2M
Gross Margin
66.0%
Operating Margin
44.2%
34.0%
Net Margin
41.7%
143.2%
Revenue YoY
-24.5%
24.8%
Net Profit YoY
27.3%
707.4%
EPS (diluted)
$0.28
$2.19

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
INVA
INVA
Q4 25
$114.6M
Q3 25
$107.3M
$107.8M
Q2 25
$100.3M
Q1 25
$88.6M
Q4 24
$91.8M
Q3 24
$142.1M
$89.5M
Q2 24
$99.9M
Q1 24
$77.5M
Net Profit
DHT
DHT
INVA
INVA
Q4 25
$164.2M
Q3 25
$44.8M
$89.9M
Q2 25
$63.7M
Q1 25
$-46.6M
Q4 24
$20.3M
Q3 24
$35.2M
$1.2M
Q2 24
$-34.7M
Q1 24
$36.5M
Gross Margin
DHT
DHT
INVA
INVA
Q4 25
66.0%
Q3 25
70.1%
Q2 25
82.9%
Q1 25
82.7%
Q4 24
85.1%
Q3 24
81.6%
Q2 24
85.1%
Q1 24
77.5%
Operating Margin
DHT
DHT
INVA
INVA
Q4 25
34.0%
Q3 25
44.2%
32.1%
Q2 25
48.6%
Q1 25
46.7%
Q4 24
47.0%
Q3 24
29.7%
48.3%
Q2 24
54.7%
Q1 24
33.3%
Net Margin
DHT
DHT
INVA
INVA
Q4 25
143.2%
Q3 25
41.7%
83.4%
Q2 25
63.5%
Q1 25
-52.6%
Q4 24
22.1%
Q3 24
24.8%
1.4%
Q2 24
-34.7%
Q1 24
47.1%
EPS (diluted)
DHT
DHT
INVA
INVA
Q4 25
$2.19
Q3 25
$0.28
$1.08
Q2 25
$0.77
Q1 25
$-0.74
Q4 24
$0.43
Q3 24
$0.22
$0.02
Q2 24
$-0.55
Q1 24
$0.46

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
INVA
INVA
Cash + ST InvestmentsLiquidity on hand
$81.3M
$550.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$1.2B
Total Assets
$1.4B
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
INVA
INVA
Q4 25
$550.9M
Q3 25
$81.3M
$476.5M
Q2 25
$397.5M
Q1 25
$319.1M
Q4 24
$305.0M
Q3 24
$73.8M
$260.6M
Q2 24
$217.0M
Q1 24
$178.4M
Stockholders' Equity
DHT
DHT
INVA
INVA
Q4 25
$1.2B
Q3 25
$1.1B
$1.0B
Q2 25
$714.8M
Q1 25
$646.9M
Q4 24
$691.2M
Q3 24
$1.0B
$668.5M
Q2 24
$665.5M
Q1 24
$703.7M
Total Assets
DHT
DHT
INVA
INVA
Q4 25
$1.6B
Q3 25
$1.4B
$1.4B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.5B
$1.2B
Q2 24
$1.2B
Q1 24
$1.3B

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
INVA
INVA
Operating Cash FlowLast quarter
$60.9M
$54.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.36×
0.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
INVA
INVA
Q4 25
$54.5M
Q3 25
$60.9M
$49.7M
Q2 25
$44.1M
Q1 25
$48.6M
Q4 24
$59.2M
Q3 24
$80.1M
$48.7M
Q2 24
$43.7M
Q1 24
$37.0M
Free Cash Flow
DHT
DHT
INVA
INVA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$48.4M
Q2 24
Q1 24
FCF Margin
DHT
DHT
INVA
INVA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
54.1%
Q2 24
Q1 24
Capex Intensity
DHT
DHT
INVA
INVA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.3%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
DHT
DHT
INVA
INVA
Q4 25
0.33×
Q3 25
1.36×
0.55×
Q2 25
0.69×
Q1 25
Q4 24
2.91×
Q3 24
2.28×
40.14×
Q2 24
Q1 24
1.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

INVA
INVA

Royalty$54.9M48%
Xacduro$32.1M28%
Giapreza$19.6M17%
Xerava$7.3M6%

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