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

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $64.6M, roughly 1.7× McEwen Inc.). McEwen Inc. runs the higher net margin — 59.0% vs 41.7%, a 17.3% gap on every dollar of revenue. On growth, McEwen Inc. posted the faster year-over-year revenue change (92.8% 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.

McEwen Inc (ticker MUX) is a natural resource company primarily engaged in the exploration, development, and production of gold, silver, and copper assets. Its core operations are located across North and South America, serving global commodity markets with a focus on sustainable, responsible mining practices.

DHT vs MUX — Head-to-Head

Bigger by revenue
DHT
DHT
1.7× larger
DHT
$107.3M
$64.6M
MUX
Growing faster (revenue YoY)
MUX
MUX
+117.2% gap
MUX
92.8%
-24.5%
DHT
Higher net margin
MUX
MUX
17.3% more per $
MUX
59.0%
41.7%
DHT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
MUX
MUX
Revenue
$107.3M
$64.6M
Net Profit
$44.8M
$38.1M
Gross Margin
26.9%
Operating Margin
44.2%
34.2%
Net Margin
41.7%
59.0%
Revenue YoY
-24.5%
92.8%
Net Profit YoY
27.3%
563.1%
EPS (diluted)
$0.28
$0.66

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
MUX
MUX
Q4 25
$64.6M
Q3 25
$107.3M
$50.5M
Q2 25
$46.7M
Q1 25
$35.7M
Q4 24
$33.5M
Q3 24
$142.1M
$52.3M
Q2 24
$47.5M
Q1 24
$41.2M
Net Profit
DHT
DHT
MUX
MUX
Q4 25
$38.1M
Q3 25
$44.8M
$-462.0K
Q2 25
$3.0M
Q1 25
$-6.3M
Q4 24
$-8.2M
Q3 24
$35.2M
$-2.1M
Q2 24
$-13.0M
Q1 24
$-20.4M
Gross Margin
DHT
DHT
MUX
MUX
Q4 25
26.9%
Q3 25
15.5%
Q2 25
26.3%
Q1 25
28.2%
Q4 24
1.1%
Q3 24
26.4%
Q2 24
22.7%
Q1 24
14.6%
Operating Margin
DHT
DHT
MUX
MUX
Q4 25
34.2%
Q3 25
44.2%
-16.7%
Q2 25
-7.2%
Q1 25
-21.4%
Q4 24
-43.4%
Q3 24
29.7%
-0.2%
Q2 24
-29.4%
Q1 24
-53.3%
Net Margin
DHT
DHT
MUX
MUX
Q4 25
59.0%
Q3 25
41.7%
-0.9%
Q2 25
6.5%
Q1 25
-17.6%
Q4 24
-24.6%
Q3 24
24.8%
-4.0%
Q2 24
-27.4%
Q1 24
-49.4%
EPS (diluted)
DHT
DHT
MUX
MUX
Q4 25
$0.66
Q3 25
$0.28
$-0.01
Q2 25
$0.06
Q1 25
$-0.12
Q4 24
$-0.15
Q3 24
$0.22
$-0.04
Q2 24
$-0.26
Q1 24
$-0.41

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
MUX
MUX
Cash + ST InvestmentsLiquidity on hand
$81.3M
$72.1M
Total DebtLower is stronger
$126.2M
Stockholders' EquityBook value
$1.1B
$546.2M
Total Assets
$1.4B
$820.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
MUX
MUX
Q4 25
$72.1M
Q3 25
$81.3M
$75.4M
Q2 25
$69.5M
Q1 25
$79.3M
Q4 24
$15.3M
Q3 24
$73.8M
$30.2M
Q2 24
$42.6M
Q1 24
$22.0M
Total Debt
DHT
DHT
MUX
MUX
Q4 25
$126.2M
Q3 25
$126.0M
Q2 25
$125.8M
Q1 25
$125.5M
Q4 24
$40.0M
Q3 24
$31.0M
Q2 24
$34.0M
Q1 24
$37.0M
Stockholders' Equity
DHT
DHT
MUX
MUX
Q4 25
$546.2M
Q3 25
$1.1B
$488.6M
Q2 25
$484.5M
Q1 25
$479.8M
Q4 24
$495.0M
Q3 24
$1.0B
$502.1M
Q2 24
$485.2M
Q1 24
$482.5M
Total Assets
DHT
DHT
MUX
MUX
Q4 25
$820.2M
Q3 25
$1.4B
$747.6M
Q2 25
$735.6M
Q1 25
$730.6M
Q4 24
$664.6M
Q3 24
$1.5B
$667.8M
Q2 24
$645.1M
Q1 24
$638.7M
Debt / Equity
DHT
DHT
MUX
MUX
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.08×
Q3 24
0.06×
Q2 24
0.07×
Q1 24
0.08×

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
MUX
MUX
Operating Cash FlowLast quarter
$60.9M
$3.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.36×
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
MUX
MUX
Q4 25
$3.1M
Q3 25
$60.9M
$5.2M
Q2 25
$478.0K
Q1 25
$-1.9M
Q4 24
$-1.2M
Q3 24
$80.1M
$23.2M
Q2 24
$3.6M
Q1 24
$3.9M
Cash Conversion
DHT
DHT
MUX
MUX
Q4 25
0.08×
Q3 25
1.36×
Q2 25
0.16×
Q1 25
Q4 24
Q3 24
2.28×
Q2 24
Q1 24

Financial Flow Comparison

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

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