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Side-by-side financial comparison of DHT Holdings, Inc. (DHT) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.

UNIVERSAL DISPLAY CORP \PA\ is the larger business by last-quarter revenue ($142.2M vs $107.3M, roughly 1.3× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 25.2%, a 16.5% gap on every dollar of revenue. On growth, UNIVERSAL DISPLAY CORP \PA\ posted the faster year-over-year revenue change (-14.5% 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.

Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.

DHT vs OLED — Head-to-Head

Bigger by revenue
OLED
OLED
1.3× larger
OLED
$142.2M
$107.3M
DHT
Growing faster (revenue YoY)
OLED
OLED
+10.0% gap
OLED
-14.5%
-24.5%
DHT
Higher net margin
DHT
DHT
16.5% more per $
DHT
41.7%
25.2%
OLED

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
DHT
DHT
OLED
OLED
Revenue
$107.3M
$142.2M
Net Profit
$44.8M
$35.9M
Gross Margin
74.6%
Operating Margin
44.2%
30.1%
Net Margin
41.7%
25.2%
Revenue YoY
-24.5%
-14.5%
Net Profit YoY
27.3%
-44.3%
EPS (diluted)
$0.28
$0.76

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
OLED
OLED
Q1 26
$142.2M
Q4 25
$172.9M
Q3 25
$107.3M
$139.6M
Q2 25
$171.8M
Q1 25
$166.3M
Q4 24
$162.3M
Q3 24
$142.1M
$161.6M
Q2 24
$158.5M
Net Profit
DHT
DHT
OLED
OLED
Q1 26
$35.9M
Q4 25
$66.3M
Q3 25
$44.8M
$44.0M
Q2 25
$67.3M
Q1 25
$64.4M
Q4 24
$46.0M
Q3 24
$35.2M
$66.9M
Q2 24
$52.3M
Gross Margin
DHT
DHT
OLED
OLED
Q1 26
74.6%
Q4 25
76.1%
Q3 25
74.6%
Q2 25
77.2%
Q1 25
77.1%
Q4 24
77.0%
Q3 24
77.8%
Q2 24
75.8%
Operating Margin
DHT
DHT
OLED
OLED
Q1 26
30.1%
Q4 25
38.9%
Q3 25
44.2%
30.9%
Q2 25
39.9%
Q1 25
41.9%
Q4 24
32.3%
Q3 24
29.7%
41.5%
Q2 24
35.6%
Net Margin
DHT
DHT
OLED
OLED
Q1 26
25.2%
Q4 25
38.4%
Q3 25
41.7%
31.5%
Q2 25
39.2%
Q1 25
38.8%
Q4 24
28.4%
Q3 24
24.8%
41.4%
Q2 24
33.0%
EPS (diluted)
DHT
DHT
OLED
OLED
Q1 26
$0.76
Q4 25
$1.40
Q3 25
$0.28
$0.92
Q2 25
$1.41
Q1 25
$1.35
Q4 24
$0.96
Q3 24
$0.22
$1.40
Q2 24
$1.10

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
OLED
OLED
Cash + ST InvestmentsLiquidity on hand
$81.3M
$516.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
Total Assets
$1.4B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
OLED
OLED
Q1 26
$516.4M
Q4 25
$602.4M
Q3 25
$81.3M
$603.0M
Q2 25
$525.2M
Q1 25
$571.3M
Q4 24
$492.7M
Q3 24
$73.8M
$551.6M
Q2 24
$530.5M
Stockholders' Equity
DHT
DHT
OLED
OLED
Q1 26
Q4 25
$1.8B
Q3 25
$1.1B
$1.7B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.0B
$1.6B
Q2 24
$1.5B
Total Assets
DHT
DHT
OLED
OLED
Q1 26
$1.9B
Q4 25
$2.0B
Q3 25
$1.4B
$1.9B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$1.5B
$1.8B
Q2 24
$1.8B

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
OLED
OLED
Operating Cash FlowLast quarter
$60.9M
$108.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.36×
3.03×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
OLED
OLED
Q1 26
$108.9M
Q4 25
$31.1M
Q3 25
$60.9M
$97.2M
Q2 25
$51.9M
Q1 25
$30.6M
Q4 24
$34.7M
Q3 24
$80.1M
$79.9M
Q2 24
$67.0M
Free Cash Flow
DHT
DHT
OLED
OLED
Q1 26
Q4 25
$15.1M
Q3 25
$84.3M
Q2 25
$37.5M
Q1 25
$17.5M
Q4 24
$22.0M
Q3 24
$66.2M
Q2 24
$57.9M
FCF Margin
DHT
DHT
OLED
OLED
Q1 26
Q4 25
8.7%
Q3 25
60.4%
Q2 25
21.8%
Q1 25
10.5%
Q4 24
13.6%
Q3 24
41.0%
Q2 24
36.5%
Capex Intensity
DHT
DHT
OLED
OLED
Q1 26
Q4 25
9.3%
Q3 25
9.2%
Q2 25
8.4%
Q1 25
7.9%
Q4 24
7.8%
Q3 24
8.4%
Q2 24
5.8%
Cash Conversion
DHT
DHT
OLED
OLED
Q1 26
3.03×
Q4 25
0.47×
Q3 25
1.36×
2.21×
Q2 25
0.77×
Q1 25
0.47×
Q4 24
0.75×
Q3 24
2.28×
1.19×
Q2 24
1.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

OLED
OLED

Material sales$83.7M59%
Royalty and license fees$54.2M38%
Contract research services$4.3M3%

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