vs

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

ST JOE Co is the larger business by last-quarter revenue ($128.9M vs $107.3M, roughly 1.2× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 23.2%, a 18.5% gap on every dollar of revenue. On growth, ST JOE Co posted the faster year-over-year revenue change (23.5% 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.

The St. Joe Company is a land development company headquartered in Panama City Beach, Florida. Founded in 1936 and until 1966 known as St. Joe Paper Company, the company still operates a forestry division but is primarily engaged in real estate development and asset management. The company's land holdings are concentrated in Northwest Florida with the vast majority located in Bay and Walton counties. Of the 110,500 acres The St. Joe Company owns that fall within the Bay-Walton Sector Plan, 53...

DHT vs JOE — Head-to-Head

Bigger by revenue
JOE
JOE
1.2× larger
JOE
$128.9M
$107.3M
DHT
Growing faster (revenue YoY)
JOE
JOE
+48.0% gap
JOE
23.5%
-24.5%
DHT
Higher net margin
DHT
DHT
18.5% more per $
DHT
41.7%
23.2%
JOE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
JOE
JOE
Revenue
$107.3M
$128.9M
Net Profit
$44.8M
$29.9M
Gross Margin
45.4%
Operating Margin
44.2%
30.6%
Net Margin
41.7%
23.2%
Revenue YoY
-24.5%
23.5%
Net Profit YoY
27.3%
58.2%
EPS (diluted)
$0.28
$0.51

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
JOE
JOE
Q4 25
$128.9M
Q3 25
$107.3M
$161.1M
Q2 25
$129.1M
Q1 25
$94.2M
Q4 24
$104.3M
Q3 24
$142.1M
$99.0M
Q2 24
$111.6M
Q1 24
$87.8M
Net Profit
DHT
DHT
JOE
JOE
Q4 25
$29.9M
Q3 25
$44.8M
$38.7M
Q2 25
$29.5M
Q1 25
$17.5M
Q4 24
$18.9M
Q3 24
$35.2M
$16.8M
Q2 24
$24.5M
Q1 24
$13.9M
Gross Margin
DHT
DHT
JOE
JOE
Q4 25
45.4%
Q3 25
44.4%
Q2 25
42.9%
Q1 25
37.8%
Q4 24
42.3%
Q3 24
39.4%
Q2 24
44.6%
Q1 24
39.0%
Operating Margin
DHT
DHT
JOE
JOE
Q4 25
30.6%
Q3 25
44.2%
32.9%
Q2 25
28.6%
Q1 25
17.9%
Q4 24
24.7%
Q3 24
29.7%
21.5%
Q2 24
29.2%
Q1 24
18.2%
Net Margin
DHT
DHT
JOE
JOE
Q4 25
23.2%
Q3 25
41.7%
24.0%
Q2 25
22.9%
Q1 25
18.5%
Q4 24
18.1%
Q3 24
24.8%
17.0%
Q2 24
22.0%
Q1 24
15.9%
EPS (diluted)
DHT
DHT
JOE
JOE
Q4 25
$0.51
Q3 25
$0.28
$0.67
Q2 25
$0.51
Q1 25
$0.30
Q4 24
$0.32
Q3 24
$0.22
$0.29
Q2 24
$0.42
Q1 24
$0.24

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
JOE
JOE
Cash + ST InvestmentsLiquidity on hand
$81.3M
$129.6M
Total DebtLower is stronger
$391.2M
Stockholders' EquityBook value
$1.1B
$766.3M
Total Assets
$1.4B
$1.5B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
JOE
JOE
Q4 25
$129.6M
Q3 25
$81.3M
$126.1M
Q2 25
$88.2M
Q1 25
$94.5M
Q4 24
$88.8M
Q3 24
$73.8M
$82.7M
Q2 24
$86.7M
Q1 24
$89.8M
Total Debt
DHT
DHT
JOE
JOE
Q4 25
$391.2M
Q3 25
$399.0M
Q2 25
$427.3M
Q1 25
$434.8M
Q4 24
$437.8M
Q3 24
$443.3M
Q2 24
$447.4M
Q1 24
$452.0M
Stockholders' Equity
DHT
DHT
JOE
JOE
Q4 25
$766.3M
Q3 25
$1.1B
$760.7M
Q2 25
$738.8M
Q1 25
$727.9M
Q4 24
$724.3M
Q3 24
$1.0B
$716.4M
Q2 24
$708.1M
Q1 24
$690.4M
Total Assets
DHT
DHT
JOE
JOE
Q4 25
$1.5B
Q3 25
$1.4B
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
$1.5B
Q2 24
$1.6B
Q1 24
$1.5B
Debt / Equity
DHT
DHT
JOE
JOE
Q4 25
0.51×
Q3 25
0.52×
Q2 25
0.58×
Q1 25
0.60×
Q4 24
0.60×
Q3 24
0.62×
Q2 24
0.63×
Q1 24
0.65×

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
JOE
JOE
Operating Cash FlowLast quarter
$60.9M
$190.7M
Free Cash FlowOCF − Capex
$186.6M
FCF MarginFCF / Revenue
144.8%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
1.36×
6.37×
TTM Free Cash FlowTrailing 4 quarters
$329.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
JOE
JOE
Q4 25
$190.7M
Q3 25
$60.9M
$86.2M
Q2 25
$31.1M
Q1 25
$29.0M
Q4 24
$108.0M
Q3 24
$80.1M
$27.7M
Q2 24
$22.8M
Q1 24
$27.6M
Free Cash Flow
DHT
DHT
JOE
JOE
Q4 25
$186.6M
Q3 25
$85.2M
Q2 25
$29.7M
Q1 25
$27.8M
Q4 24
$100.2M
Q3 24
$25.9M
Q2 24
$21.5M
Q1 24
$25.2M
FCF Margin
DHT
DHT
JOE
JOE
Q4 25
144.8%
Q3 25
52.9%
Q2 25
23.0%
Q1 25
29.6%
Q4 24
96.1%
Q3 24
26.2%
Q2 24
19.3%
Q1 24
28.7%
Capex Intensity
DHT
DHT
JOE
JOE
Q4 25
3.1%
Q3 25
0.6%
Q2 25
1.0%
Q1 25
1.2%
Q4 24
7.4%
Q3 24
1.8%
Q2 24
1.2%
Q1 24
2.7%
Cash Conversion
DHT
DHT
JOE
JOE
Q4 25
6.37×
Q3 25
1.36×
2.23×
Q2 25
1.05×
Q1 25
1.66×
Q4 24
5.71×
Q3 24
2.28×
1.65×
Q2 24
0.93×
Q1 24
1.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

JOE
JOE

Residential Real Estate Segment$57.2M44%
Hospitality Segment$47.4M37%
Commercial$20.5M16%
Sjbb Llc$2.8M2%

Related Comparisons