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

Inotiv, Inc. is the larger business by last-quarter revenue ($120.9M vs $107.3M, roughly 1.1× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs -23.5%, a 65.2% gap on every dollar of revenue. On growth, Inotiv, Inc. posted the faster year-over-year revenue change (0.8% 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.

Inotiv, Inc. is a contract research organization organized in Indiana and headquartered in Lafayette, Indiana. The company operates two core business units: Discovery and Safety Assessment (DSA) and Research Models and Services (RMS). The CRS business unit offers drug development and environmental sciences services, including safety assessment, analytical, metabolism, CMC and regulatory consultancy for small molecule drug candidates, biotherapeutics, and biomedical devices. The RMS business u...

DHT vs NOTV — Head-to-Head

Bigger by revenue
NOTV
NOTV
1.1× larger
NOTV
$120.9M
$107.3M
DHT
Growing faster (revenue YoY)
NOTV
NOTV
+25.3% gap
NOTV
0.8%
-24.5%
DHT
Higher net margin
DHT
DHT
65.2% more per $
DHT
41.7%
-23.5%
NOTV

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
DHT
DHT
NOTV
NOTV
Revenue
$107.3M
$120.9M
Net Profit
$44.8M
$-28.4M
Gross Margin
Operating Margin
44.2%
-13.5%
Net Margin
41.7%
-23.5%
Revenue YoY
-24.5%
0.8%
Net Profit YoY
27.3%
-2.7%
EPS (diluted)
$0.28
$-0.83

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
NOTV
NOTV
Q4 25
$120.9M
Q3 25
$107.3M
$138.1M
Q2 25
$130.7M
Q1 25
$124.3M
Q4 24
$119.9M
Q3 24
$142.1M
$130.4M
Q2 24
$105.8M
Q1 24
$119.0M
Net Profit
DHT
DHT
NOTV
NOTV
Q4 25
$-28.4M
Q3 25
$44.8M
$-8.6M
Q2 25
$-17.6M
Q1 25
$-14.9M
Q4 24
$-27.6M
Q3 24
$35.2M
$-18.9M
Q2 24
$-26.1M
Q1 24
$-48.1M
Operating Margin
DHT
DHT
NOTV
NOTV
Q4 25
-13.5%
Q3 25
44.2%
-4.9%
Q2 25
-4.3%
Q1 25
-2.4%
Q4 24
-12.9%
Q3 24
29.7%
-10.1%
Q2 24
-19.6%
Q1 24
-36.2%
Net Margin
DHT
DHT
NOTV
NOTV
Q4 25
-23.5%
Q3 25
41.7%
-6.2%
Q2 25
-13.5%
Q1 25
-12.0%
Q4 24
-23.0%
Q3 24
24.8%
-14.5%
Q2 24
-24.7%
Q1 24
-40.4%
EPS (diluted)
DHT
DHT
NOTV
NOTV
Q4 25
$-0.83
Q3 25
$0.28
$-0.14
Q2 25
$-0.51
Q1 25
$-0.44
Q4 24
$-1.02
Q3 24
$0.22
$-0.73
Q2 24
$-1.00
Q1 24
$-1.86

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
NOTV
NOTV
Cash + ST InvestmentsLiquidity on hand
$81.3M
$12.7M
Total DebtLower is stronger
$405.8M
Stockholders' EquityBook value
$1.1B
$109.0M
Total Assets
$1.4B
$734.3M
Debt / EquityLower = less leverage
3.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
NOTV
NOTV
Q4 25
$12.7M
Q3 25
$81.3M
$21.7M
Q2 25
$6.2M
Q1 25
$19.3M
Q4 24
$38.0M
Q3 24
$73.8M
$21.4M
Q2 24
$14.4M
Q1 24
$32.7M
Total Debt
DHT
DHT
NOTV
NOTV
Q4 25
$405.8M
Q3 25
$402.1M
Q2 25
$396.5M
Q1 25
$399.5M
Q4 24
$396.0M
Q3 24
$393.3M
Q2 24
$382.4M
Q1 24
$380.6M
Stockholders' Equity
DHT
DHT
NOTV
NOTV
Q4 25
$109.0M
Q3 25
$1.1B
$136.0M
Q2 25
$143.8M
Q1 25
$157.7M
Q4 24
$169.8M
Q3 24
$1.0B
$170.5M
Q2 24
$182.1M
Q1 24
$207.2M
Total Assets
DHT
DHT
NOTV
NOTV
Q4 25
$734.3M
Q3 25
$1.4B
$771.1M
Q2 25
$759.7M
Q1 25
$766.0M
Q4 24
$772.9M
Q3 24
$1.5B
$781.4M
Q2 24
$774.6M
Q1 24
$815.4M
Debt / Equity
DHT
DHT
NOTV
NOTV
Q4 25
3.72×
Q3 25
2.96×
Q2 25
2.76×
Q1 25
2.53×
Q4 24
2.33×
Q3 24
2.31×
Q2 24
2.10×
Q1 24
1.84×

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
NOTV
NOTV
Operating Cash FlowLast quarter
$60.9M
$-5.4M
Free Cash FlowOCF − Capex
$-10.6M
FCF MarginFCF / Revenue
-8.8%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$-28.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
NOTV
NOTV
Q4 25
$-5.4M
Q3 25
$60.9M
$14.3M
Q2 25
$-7.4M
Q1 25
$-12.8M
Q4 24
$-4.5M
Q3 24
$80.1M
$-2.4M
Q2 24
$-14.8M
Q1 24
$16.9M
Free Cash Flow
DHT
DHT
NOTV
NOTV
Q4 25
$-10.6M
Q3 25
$11.6M
Q2 25
$-11.5M
Q1 25
$-18.3M
Q4 24
$-9.0M
Q3 24
$-7.7M
Q2 24
$-19.2M
Q1 24
$9.9M
FCF Margin
DHT
DHT
NOTV
NOTV
Q4 25
-8.8%
Q3 25
8.4%
Q2 25
-8.8%
Q1 25
-14.7%
Q4 24
-7.5%
Q3 24
-5.9%
Q2 24
-18.2%
Q1 24
8.3%
Capex Intensity
DHT
DHT
NOTV
NOTV
Q4 25
4.3%
Q3 25
1.9%
Q2 25
3.1%
Q1 25
4.4%
Q4 24
3.7%
Q3 24
4.1%
Q2 24
4.2%
Q1 24
5.9%
Cash Conversion
DHT
DHT
NOTV
NOTV
Q4 25
Q3 25
1.36×
Q2 25
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.

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

NOTV
NOTV

Research Models And Services Segment$72.9M60%
Discovery And Safety Assessment Segment$48.0M40%

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