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Side-by-side financial comparison of DHT Holdings, Inc. (DHT) and LINCOLN EDUCATIONAL SERVICES CORP (LINC). Click either name above to swap in a different company.

LINCOLN EDUCATIONAL SERVICES CORP is the larger business by last-quarter revenue ($142.9M vs $107.3M, roughly 1.3× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 8.9%, a 32.8% gap on every dollar of revenue. On growth, LINCOLN EDUCATIONAL SERVICES CORP posted the faster year-over-year revenue change (19.7% 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.

Lincoln Tech is an American group of for-profit postsecondary vocational institutions headquartered in Parsippany, New Jersey with campuses in Colorado, Connecticut, Georgia, Illinois, Indiana, Maryland, New Jersey, New York, Pennsylvania, Rhode Island, Tennessee, and Texas. Each campus is owned and operated by Lincoln Educational Services Corporation, a provider of career-oriented post-secondary education.

DHT vs LINC — Head-to-Head

Bigger by revenue
LINC
LINC
1.3× larger
LINC
$142.9M
$107.3M
DHT
Growing faster (revenue YoY)
LINC
LINC
+44.1% gap
LINC
19.7%
-24.5%
DHT
Higher net margin
DHT
DHT
32.8% more per $
DHT
41.7%
8.9%
LINC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
LINC
LINC
Revenue
$107.3M
$142.9M
Net Profit
$44.8M
$12.7M
Gross Margin
62.3%
Operating Margin
44.2%
12.4%
Net Margin
41.7%
8.9%
Revenue YoY
-24.5%
19.7%
Net Profit YoY
27.3%
85.9%
EPS (diluted)
$0.28
$0.41

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
LINC
LINC
Q4 25
$142.9M
Q3 25
$107.3M
$141.4M
Q2 25
$116.5M
Q1 25
$117.5M
Q4 24
$119.4M
Q3 24
$142.1M
$114.4M
Q2 24
$102.9M
Q1 24
$103.4M
Net Profit
DHT
DHT
LINC
LINC
Q4 25
$12.7M
Q3 25
$44.8M
$3.8M
Q2 25
$1.6M
Q1 25
$1.9M
Q4 24
$6.8M
Q3 24
$35.2M
$4.0M
Q2 24
$-682.0K
Q1 24
$-214.0K
Gross Margin
DHT
DHT
LINC
LINC
Q4 25
62.3%
Q3 25
59.5%
Q2 25
59.8%
Q1 25
59.7%
Q4 24
62.2%
Q3 24
58.0%
Q2 24
55.7%
Q1 24
58.4%
Operating Margin
DHT
DHT
LINC
LINC
Q4 25
12.4%
Q3 25
44.2%
4.4%
Q2 25
2.5%
Q1 25
2.9%
Q4 24
9.2%
Q3 24
29.7%
5.1%
Q2 24
-1.1%
Q1 24
-0.4%
Net Margin
DHT
DHT
LINC
LINC
Q4 25
8.9%
Q3 25
41.7%
2.7%
Q2 25
1.3%
Q1 25
1.7%
Q4 24
5.7%
Q3 24
24.8%
3.5%
Q2 24
-0.7%
Q1 24
-0.2%
EPS (diluted)
DHT
DHT
LINC
LINC
Q4 25
$0.41
Q3 25
$0.28
$0.12
Q2 25
$0.05
Q1 25
$0.06
Q4 24
$0.22
Q3 24
$0.22
$0.13
Q2 24
$-0.02
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
LINC
LINC
Cash + ST InvestmentsLiquidity on hand
$81.3M
$28.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$199.7M
Total Assets
$1.4B
$493.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
LINC
LINC
Q4 25
$28.5M
Q3 25
$81.3M
$13.5M
Q2 25
$16.7M
Q1 25
$28.7M
Q4 24
$59.3M
Q3 24
$73.8M
$54.0M
Q2 24
$67.0M
Q1 24
$68.6M
Stockholders' Equity
DHT
DHT
LINC
LINC
Q4 25
$199.7M
Q3 25
$1.1B
$185.9M
Q2 25
$180.7M
Q1 25
$177.8M
Q4 24
$178.3M
Q3 24
$1.0B
$170.0M
Q2 24
$164.9M
Q1 24
$164.5M
Total Assets
DHT
DHT
LINC
LINC
Q4 25
$493.2M
Q3 25
$1.4B
$466.9M
Q2 25
$447.3M
Q1 25
$427.4M
Q4 24
$436.6M
Q3 24
$1.5B
$404.0M
Q2 24
$366.4M
Q1 24
$355.2M

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
LINC
LINC
Operating Cash FlowLast quarter
$60.9M
$43.5M
Free Cash FlowOCF − Capex
$25.0M
FCF MarginFCF / Revenue
17.5%
Capex IntensityCapex / Revenue
13.0%
Cash ConversionOCF / Net Profit
1.36×
3.43×
TTM Free Cash FlowTrailing 4 quarters
$-27.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
LINC
LINC
Q4 25
$43.5M
Q3 25
$60.9M
$23.9M
Q2 25
$299.0K
Q1 25
$-8.4M
Q4 24
$30.3M
Q3 24
$80.1M
$5.6M
Q2 24
$8.3M
Q1 24
$-14.9M
Free Cash Flow
DHT
DHT
LINC
LINC
Q4 25
$25.0M
Q3 25
$2.0M
Q2 25
$-26.1M
Q1 25
$-28.3M
Q4 24
$5.5M
Q3 24
$-13.8M
Q2 24
$-2.7M
Q1 24
$-16.6M
FCF Margin
DHT
DHT
LINC
LINC
Q4 25
17.5%
Q3 25
1.4%
Q2 25
-22.4%
Q1 25
-24.1%
Q4 24
4.6%
Q3 24
-12.0%
Q2 24
-2.6%
Q1 24
-16.1%
Capex Intensity
DHT
DHT
LINC
LINC
Q4 25
13.0%
Q3 25
15.5%
Q2 25
22.7%
Q1 25
16.9%
Q4 24
20.8%
Q3 24
16.9%
Q2 24
10.7%
Q1 24
1.6%
Cash Conversion
DHT
DHT
LINC
LINC
Q4 25
3.43×
Q3 25
1.36×
6.29×
Q2 25
0.19×
Q1 25
-4.31×
Q4 24
4.43×
Q3 24
2.28×
1.42×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

LINC
LINC

Transferred Over Time$136.0M95%
Transferred At Point In Time$6.9M5%

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