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

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $77.7M, roughly 1.4× Prairie Operating Co.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 1.7%, a 40.1% gap on every dollar of revenue.

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.

Prairie Farms Dairy is a dairy cooperative founded in Carlinville, Illinois, and now headquartered in Edwardsville, Illinois. As a dairy cooperative, Prairie Farms receives milk from producers and converts it into many different products, including cheese, butter, ice cream, sour cream, cottage cheese, various dips, yogurt, and fluid milk. Prairie Farms also produces and sells juices, flavored drinks, and pre-made iced tea.

DHT vs PROP — Head-to-Head

Bigger by revenue
DHT
DHT
1.4× larger
DHT
$107.3M
$77.7M
PROP
Higher net margin
DHT
DHT
40.1% more per $
DHT
41.7%
1.7%
PROP

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
DHT
DHT
PROP
PROP
Revenue
$107.3M
$77.7M
Net Profit
$44.8M
$1.3M
Gross Margin
Operating Margin
44.2%
34.8%
Net Margin
41.7%
1.7%
Revenue YoY
-24.5%
Net Profit YoY
27.3%
111.3%
EPS (diluted)
$0.28
$-0.44

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
PROP
PROP
Q3 25
$107.3M
$77.7M
Q2 25
$68.1M
Q1 25
$13.6M
Q3 24
$142.1M
$0
Q3 23
$131.6M
$458.0K
Q2 23
$179.3K
Q4 22
$0
Q3 22
$109.9M
$8.0K
Net Profit
DHT
DHT
PROP
PROP
Q3 25
$44.8M
$1.3M
Q2 25
$35.7M
Q1 25
$-2.6M
Q3 24
$35.2M
$-11.4M
Q3 23
$31.0M
$-34.4M
Q2 23
$-21.1M
Q4 22
$-8.0M
Q3 22
$7.5M
$-309.5K
Operating Margin
DHT
DHT
PROP
PROP
Q3 25
44.2%
34.8%
Q2 25
27.8%
Q1 25
12.9%
Q3 24
29.7%
Q3 23
29.7%
-1379.0%
Q2 23
-1593.5%
Q4 22
Q3 22
11.1%
-3890.8%
Net Margin
DHT
DHT
PROP
PROP
Q3 25
41.7%
1.7%
Q2 25
52.4%
Q1 25
-19.3%
Q3 24
24.8%
Q3 23
23.5%
-7515.2%
Q2 23
-11792.9%
Q4 22
Q3 22
6.8%
-3890.8%
EPS (diluted)
DHT
DHT
PROP
PROP
Q3 25
$0.28
$-0.44
Q2 25
$0.18
Q1 25
$-3.49
Q3 24
$0.22
$-0.68
Q3 23
$0.19
$-5.24
Q2 23
$-5.39
Q4 22
Q3 22
$0.04

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$81.3M
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$101.8M
Total Assets
$1.4B
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
PROP
PROP
Q3 25
$81.3M
$10.6M
Q2 25
$10.7M
Q1 25
$15.0M
Q3 24
$73.8M
$40.1M
Q3 23
$73.9M
$7.2M
Q2 23
$8.6M
Q4 22
$79.8K
Q3 22
$65.7M
$451.2K
Total Debt
DHT
DHT
PROP
PROP
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q3 24
Q3 23
Q2 23
$2.1M
Q4 22
Q3 22
Stockholders' Equity
DHT
DHT
PROP
PROP
Q3 25
$1.1B
$101.8M
Q2 25
$94.2M
Q1 25
$34.0M
Q3 24
$1.0B
$61.3M
Q3 23
$1.0B
$-64.0M
Q2 23
$8.0M
Q4 22
$-6.5M
Q3 22
$1.0B
$-100.5K
Total Assets
DHT
DHT
PROP
PROP
Q3 25
$1.4B
$939.8M
Q2 25
$858.5M
Q1 25
$775.4M
Q3 24
$1.5B
$107.2M
Q3 23
$1.5B
$40.1M
Q2 23
$16.5M
Q4 22
$1.8M
Q3 22
$1.5B
$12.7M
Debt / Equity
DHT
DHT
PROP
PROP
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q3 24
Q3 23
Q2 23
0.27×
Q4 22
Q3 22

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
PROP
PROP
Operating Cash FlowLast quarter
$60.9M
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.36×
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
PROP
PROP
Q3 25
$60.9M
$57.7M
Q2 25
$-7.2M
Q1 25
$16.9M
Q3 24
$80.1M
$2.8M
Q3 23
$55.7M
$-2.9M
Q2 23
$-5.1M
Q4 22
$-306.1K
Q3 22
$5.5M
$-448.3K
Capex Intensity
DHT
DHT
PROP
PROP
Q3 25
Q2 25
Q1 25
Q3 24
Q3 23
0.0%
Q2 23
Q4 22
Q3 22
0.0%
Cash Conversion
DHT
DHT
PROP
PROP
Q3 25
1.36×
44.80×
Q2 25
-0.20×
Q1 25
Q3 24
2.28×
Q3 23
1.80×
Q2 23
Q4 22
Q3 22
0.73×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

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