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

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $66.8M, roughly 1.6× NACCO INDUSTRIES INC). DHT Holdings, Inc. runs the higher net margin — 41.7% vs -5.8%, a 47.5% gap on every dollar of revenue. On growth, NACCO INDUSTRIES INC posted the faster year-over-year revenue change (-5.2% 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.

NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...

DHT vs NC — Head-to-Head

Bigger by revenue
DHT
DHT
1.6× larger
DHT
$107.3M
$66.8M
NC
Growing faster (revenue YoY)
NC
NC
+19.3% gap
NC
-5.2%
-24.5%
DHT
Higher net margin
DHT
DHT
47.5% more per $
DHT
41.7%
-5.8%
NC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
NC
NC
Revenue
$107.3M
$66.8M
Net Profit
$44.8M
$-3.8M
Gross Margin
18.0%
Operating Margin
44.2%
11.3%
Net Margin
41.7%
-5.8%
Revenue YoY
-24.5%
-5.2%
Net Profit YoY
27.3%
-150.8%
EPS (diluted)
$0.28
$-0.53

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
NC
NC
Q4 25
$66.8M
Q3 25
$107.3M
$76.6M
Q2 25
$68.2M
Q1 25
$65.6M
Q4 24
$70.4M
Q3 24
$142.1M
$61.7M
Q2 24
$52.3M
Q1 24
$53.3M
Net Profit
DHT
DHT
NC
NC
Q4 25
$-3.8M
Q3 25
$44.8M
$13.3M
Q2 25
$3.3M
Q1 25
$4.9M
Q4 24
$7.6M
Q3 24
$35.2M
$15.6M
Q2 24
$6.0M
Q1 24
$4.6M
Gross Margin
DHT
DHT
NC
NC
Q4 25
18.0%
Q3 25
13.0%
Q2 25
10.0%
Q1 25
14.7%
Q4 24
12.0%
Q3 24
11.7%
Q2 24
13.4%
Q1 24
13.2%
Operating Margin
DHT
DHT
NC
NC
Q4 25
11.3%
Q3 25
44.2%
8.8%
Q2 25
-0.1%
Q1 25
11.7%
Q4 24
5.5%
Q3 24
29.7%
31.9%
Q2 24
14.1%
Q1 24
8.9%
Net Margin
DHT
DHT
NC
NC
Q4 25
-5.8%
Q3 25
41.7%
17.3%
Q2 25
4.8%
Q1 25
7.5%
Q4 24
10.7%
Q3 24
24.8%
25.4%
Q2 24
11.4%
Q1 24
8.6%
EPS (diluted)
DHT
DHT
NC
NC
Q4 25
$-0.53
Q3 25
$0.28
$1.78
Q2 25
$0.44
Q1 25
$0.66
Q4 24
$0.99
Q3 24
$0.22
$2.14
Q2 24
$0.81
Q1 24
$0.61

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
NC
NC
Cash + ST InvestmentsLiquidity on hand
$81.3M
$49.7M
Total DebtLower is stronger
$100.8M
Stockholders' EquityBook value
$1.1B
$429.2M
Total Assets
$1.4B
$661.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
NC
NC
Q4 25
$49.7M
Q3 25
$81.3M
$52.7M
Q2 25
$49.4M
Q1 25
$61.9M
Q4 24
$72.8M
Q3 24
$73.8M
$63.1M
Q2 24
$62.4M
Q1 24
$61.8M
Total Debt
DHT
DHT
NC
NC
Q4 25
$100.8M
Q3 25
Q2 25
Q1 25
Q4 24
$99.4M
Q3 24
Q2 24
$29.0M
Q1 24
$28.4M
Stockholders' Equity
DHT
DHT
NC
NC
Q4 25
$429.2M
Q3 25
$1.1B
$426.4M
Q2 25
$413.1M
Q1 25
$409.1M
Q4 24
$404.9M
Q3 24
$1.0B
$397.3M
Q2 24
$384.1M
Q1 24
$381.6M
Total Assets
DHT
DHT
NC
NC
Q4 25
$661.2M
Q3 25
$1.4B
$637.6M
Q2 25
$631.3M
Q1 25
$634.2M
Q4 24
$631.7M
Q3 24
$1.5B
$597.4M
Q2 24
$560.1M
Q1 24
$538.0M
Debt / Equity
DHT
DHT
NC
NC
Q4 25
0.23×
Q3 25
Q2 25
Q1 25
Q4 24
0.25×
Q3 24
Q2 24
0.08×
Q1 24
0.07×

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
NC
NC
Operating Cash FlowLast quarter
$60.9M
$11.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
NC
NC
Q4 25
$11.4M
Q3 25
$60.9M
$42.3M
Q2 25
$-7.8M
Q1 25
$5.0M
Q4 24
$25.2M
Q3 24
$80.1M
$2.8M
Q2 24
$4.1M
Q1 24
$-9.8M
Cash Conversion
DHT
DHT
NC
NC
Q4 25
Q3 25
1.36×
3.19×
Q2 25
-2.39×
Q1 25
1.03×
Q4 24
3.33×
Q3 24
2.28×
0.18×
Q2 24
0.68×
Q1 24
-2.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

NC
NC

Transferred Over Time$42.7M64%
Transferred At Point In Time$24.1M36%

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