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

Marqeta, Inc. is the larger business by last-quarter revenue ($172.1M vs $107.3M, roughly 1.6× DHT Holdings, Inc.). On growth, Marqeta, Inc. posted the faster year-over-year revenue change (26.7% 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.

Marqeta, Inc. operates a cloud-native open API platform for modern card issuing and digital payment processing. Its solutions empower fintech startups, large retailers, and enterprise clients to launch customized physical and virtual payment cards, as well as embedded finance products across global consumer and commercial markets.

DHT vs MQ — Head-to-Head

Bigger by revenue
MQ
MQ
1.6× larger
MQ
$172.1M
$107.3M
DHT
Growing faster (revenue YoY)
MQ
MQ
+51.2% gap
MQ
26.7%
-24.5%
DHT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
MQ
MQ
Revenue
$107.3M
$172.1M
Net Profit
$44.8M
Gross Margin
69.7%
Operating Margin
44.2%
-4.8%
Net Margin
41.7%
Revenue YoY
-24.5%
26.7%
Net Profit YoY
27.3%
EPS (diluted)
$0.28

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
MQ
MQ
Q4 25
$172.1M
Q3 25
$107.3M
$163.3M
Q2 25
$150.4M
Q1 25
$139.1M
Q4 24
$135.8M
Q3 24
$142.1M
$128.0M
Q2 24
$125.3M
Q1 24
$118.0M
Net Profit
DHT
DHT
MQ
MQ
Q4 25
Q3 25
$44.8M
$-3.6M
Q2 25
$-647.0K
Q1 25
$-8.3M
Q4 24
Q3 24
$35.2M
$-28.6M
Q2 24
$119.1M
Q1 24
$-36.1M
Gross Margin
DHT
DHT
MQ
MQ
Q4 25
69.7%
Q3 25
70.1%
Q2 25
69.2%
Q1 25
71.0%
Q4 24
72.3%
Q3 24
70.4%
Q2 24
63.3%
Q1 24
71.3%
Operating Margin
DHT
DHT
MQ
MQ
Q4 25
-4.8%
Q3 25
44.2%
-6.4%
Q2 25
-6.1%
Q1 25
-13.3%
Q4 24
-27.6%
Q3 24
29.7%
-33.0%
Q2 24
83.9%
Q1 24
-42.3%
Net Margin
DHT
DHT
MQ
MQ
Q4 25
Q3 25
41.7%
-2.2%
Q2 25
-0.4%
Q1 25
-5.9%
Q4 24
Q3 24
24.8%
-22.4%
Q2 24
95.1%
Q1 24
-30.6%
EPS (diluted)
DHT
DHT
MQ
MQ
Q4 25
Q3 25
$0.28
Q2 25
Q1 25
Q4 24
Q3 24
$0.22
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
MQ
MQ
Cash + ST InvestmentsLiquidity on hand
$81.3M
$709.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$762.0M
Total Assets
$1.4B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
MQ
MQ
Q4 25
$709.4M
Q3 25
$81.3M
$747.2M
Q2 25
$732.7M
Q1 25
$830.9M
Q4 24
$923.0M
Q3 24
$73.8M
$886.4M
Q2 24
$924.7M
Q1 24
$970.4M
Stockholders' Equity
DHT
DHT
MQ
MQ
Q4 25
$762.0M
Q3 25
$1.1B
$839.2M
Q2 25
$843.4M
Q1 25
$987.3M
Q4 24
$1.1B
Q3 24
$1.0B
$1.1B
Q2 24
$1.1B
Q1 24
$1.2B
Total Assets
DHT
DHT
MQ
MQ
Q4 25
$1.5B
Q3 25
$1.4B
$1.5B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.5B
Q3 24
$1.5B
$1.4B
Q2 24
$1.5B
Q1 24
$1.6B

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
MQ
MQ
Operating Cash FlowLast quarter
$60.9M
$53.3M
Free Cash FlowOCF − Capex
$53.2M
FCF MarginFCF / Revenue
30.9%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$160.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
MQ
MQ
Q4 25
$53.3M
Q3 25
$60.9M
$86.8M
Q2 25
$12.5M
Q1 25
$10.0M
Q4 24
$24.8M
Q3 24
$80.1M
$7.3M
Q2 24
$25.7M
Q1 24
$426.0K
Free Cash Flow
DHT
DHT
MQ
MQ
Q4 25
$53.2M
Q3 25
$86.4M
Q2 25
$12.2M
Q1 25
$8.7M
Q4 24
$24.7M
Q3 24
$7.1M
Q2 24
$24.7M
Q1 24
$-765.0K
FCF Margin
DHT
DHT
MQ
MQ
Q4 25
30.9%
Q3 25
52.9%
Q2 25
8.1%
Q1 25
6.3%
Q4 24
18.2%
Q3 24
5.5%
Q2 24
19.7%
Q1 24
-0.6%
Capex Intensity
DHT
DHT
MQ
MQ
Q4 25
0.1%
Q3 25
0.2%
Q2 25
0.2%
Q1 25
0.9%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.8%
Q1 24
1.0%
Cash Conversion
DHT
DHT
MQ
MQ
Q4 25
Q3 25
1.36×
Q2 25
Q1 25
Q4 24
Q3 24
2.28×
Q2 24
0.22×
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.

MQ
MQ

Platform Service Revenue Net$163.4M95%
Other Services Revenue$8.8M5%

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