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

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $65.8K, roughly 1632.2× Performance Shipping Inc.). Performance Shipping Inc. runs the higher net margin — 51.7% vs 41.7%, a 10.0% 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.

Azerbaijan Caspian Shipping Closed Joint-Stock Company is a state-owned Azerbaijani shipping company. It is also known by its Russian-derived abbreviation CASPAR.

DHT vs PSHG — Head-to-Head

Bigger by revenue
DHT
DHT
1632.2× larger
DHT
$107.3M
$65.8K
PSHG
Higher net margin
PSHG
PSHG
10.0% more per $
PSHG
51.7%
41.7%
DHT

Income Statement — Q3 2025 vs Q3 2025

Metric
DHT
DHT
PSHG
PSHG
Revenue
$107.3M
$65.8K
Net Profit
$44.8M
$34.0K
Gross Margin
Operating Margin
44.2%
50.0%
Net Margin
41.7%
51.7%
Revenue YoY
-24.5%
Net Profit YoY
27.3%
EPS (diluted)
$0.28

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
PSHG
PSHG
Q3 25
$107.3M
$65.8K
Q2 25
$39.5M
Q1 25
$22.4K
Q3 24
$142.1M
$85.1K
Q2 24
$42.9M
Q1 24
$29.5K
Q3 23
$131.6M
Q3 22
$109.9M
Net Profit
DHT
DHT
PSHG
PSHG
Q3 25
$44.8M
$34.0K
Q2 25
$38.5M
Q1 25
$11.4K
Q3 24
$35.2M
$44.5K
Q2 24
$21.6M
Q1 24
$15.7K
Q3 23
$31.0M
Q3 22
$7.5M
Operating Margin
DHT
DHT
PSHG
PSHG
Q3 25
44.2%
50.0%
Q2 25
93.3%
Q1 25
50.3%
Q3 24
29.7%
58.0%
Q2 24
49.1%
Q1 24
59.2%
Q3 23
29.7%
Q3 22
11.1%
Net Margin
DHT
DHT
PSHG
PSHG
Q3 25
41.7%
51.7%
Q2 25
97.5%
Q1 25
51.1%
Q3 24
24.8%
52.2%
Q2 24
50.4%
Q1 24
53.2%
Q3 23
23.5%
Q3 22
6.8%
EPS (diluted)
DHT
DHT
PSHG
PSHG
Q3 25
$0.28
Q2 25
$1.00
Q1 25
Q3 24
$0.22
Q2 24
$0.55
Q1 24
Q3 23
$0.19
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
PSHG
PSHG
Cash + ST InvestmentsLiquidity on hand
$81.3M
$71.3K
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$275.2K
Total Assets
$1.4B
$330.4K
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
PSHG
PSHG
Q3 25
$81.3M
$71.3K
Q2 25
$95.8M
Q1 25
$71.3K
Q3 24
$73.8M
$68.3K
Q2 24
$61.7M
Q1 24
$68.3K
Q3 23
$73.9M
Q3 22
$65.7M
Total Debt
DHT
DHT
PSHG
PSHG
Q3 25
Q2 25
$43.7M
Q1 25
Q3 24
Q2 24
$51.2M
Q1 24
Q3 23
Q3 22
Stockholders' Equity
DHT
DHT
PSHG
PSHG
Q3 25
$1.1B
$275.2K
Q2 25
$312.8M
Q1 25
$275.2K
Q3 24
$1.0B
$233.2K
Q2 24
$254.0M
Q1 24
$233.2K
Q3 23
$1.0B
Q3 22
$1.0B
Total Assets
DHT
DHT
PSHG
PSHG
Q3 25
$1.4B
$330.4K
Q2 25
$363.8M
Q1 25
$330.4K
Q3 24
$1.5B
$296.3K
Q2 24
$310.5M
Q1 24
$296.3K
Q3 23
$1.5B
Q3 22
$1.5B
Debt / Equity
DHT
DHT
PSHG
PSHG
Q3 25
Q2 25
0.14×
Q1 25
Q3 24
Q2 24
0.20×
Q1 24
Q3 23
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
PSHG
PSHG
Operating Cash FlowLast quarter
$60.9M
$47.8K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.36×
1.41×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
PSHG
PSHG
Q3 25
$60.9M
$47.8K
Q2 25
$26.8M
Q1 25
$17.3K
Q3 24
$80.1M
$58.7K
Q2 24
$31.7M
Q1 24
$18.7K
Q3 23
$55.7M
Q3 22
$5.5M
Capex Intensity
DHT
DHT
PSHG
PSHG
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
0.0%
Q1 24
Q3 23
Q3 22
Cash Conversion
DHT
DHT
PSHG
PSHG
Q3 25
1.36×
1.41×
Q2 25
0.70×
Q1 25
1.52×
Q3 24
2.28×
1.32×
Q2 24
1.47×
Q1 24
1.19×
Q3 23
1.80×
Q3 22
0.73×

Financial Flow Comparison

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

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