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

Ribbon Communications Inc. is the larger business by last-quarter revenue ($162.6M vs $107.3M, roughly 1.5× DHT Holdings, Inc.). Ribbon Communications Inc. runs the higher net margin — 54.8% vs 41.7%, a 13.0% gap on every dollar of revenue. On growth, Ribbon Communications Inc. posted the faster year-over-year revenue change (-10.3% 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.

Ribbon Communications Inc. is a public company that makes software, IP and optical networking solutions for service providers, enterprises and critical infrastructure sectors. The company was formed in 2017, following the merger of Genband and Sonus Networks and is headquartered in Plano, Texas.

DHT vs RBBN — Head-to-Head

Bigger by revenue
RBBN
RBBN
1.5× larger
RBBN
$162.6M
$107.3M
DHT
Growing faster (revenue YoY)
RBBN
RBBN
+14.2% gap
RBBN
-10.3%
-24.5%
DHT
Higher net margin
RBBN
RBBN
13.0% more per $
RBBN
54.8%
41.7%
DHT

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
DHT
DHT
RBBN
RBBN
Revenue
$107.3M
$162.6M
Net Profit
$44.8M
$89.1M
Gross Margin
42.9%
Operating Margin
44.2%
Net Margin
41.7%
54.8%
Revenue YoY
-24.5%
-10.3%
Net Profit YoY
27.3%
EPS (diluted)
$0.28
$0.50

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
RBBN
RBBN
Q1 26
$162.6M
Q4 25
$227.3M
Q3 25
$107.3M
$215.4M
Q2 25
$220.6M
Q1 25
$181.3M
Q4 24
$251.4M
Q3 24
$142.1M
$210.2M
Q2 24
$192.6M
Net Profit
DHT
DHT
RBBN
RBBN
Q1 26
$89.1M
Q4 25
Q3 25
$44.8M
$-12.1M
Q2 25
$-11.1M
Q1 25
$-26.2M
Q4 24
Q3 24
$35.2M
$-13.4M
Q2 24
$-16.8M
Gross Margin
DHT
DHT
RBBN
RBBN
Q1 26
42.9%
Q4 25
53.3%
Q3 25
50.1%
Q2 25
49.6%
Q1 25
45.4%
Q4 24
55.7%
Q3 24
52.1%
Q2 24
50.8%
Operating Margin
DHT
DHT
RBBN
RBBN
Q1 26
Q4 25
4.1%
Q3 25
44.2%
1.3%
Q2 25
1.9%
Q1 25
-10.8%
Q4 24
13.2%
Q3 24
29.7%
-0.4%
Q2 24
-1.0%
Net Margin
DHT
DHT
RBBN
RBBN
Q1 26
54.8%
Q4 25
Q3 25
41.7%
-5.6%
Q2 25
-5.0%
Q1 25
-14.5%
Q4 24
Q3 24
24.8%
-6.4%
Q2 24
-8.7%
EPS (diluted)
DHT
DHT
RBBN
RBBN
Q1 26
$0.50
Q4 25
$0.50
Q3 25
$0.28
$-0.07
Q2 25
$-0.06
Q1 25
$-0.15
Q4 24
$0.05
Q3 24
$0.22
$-0.08
Q2 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$81.3M
$67.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$419.1M
Total Assets
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
RBBN
RBBN
Q1 26
$67.6M
Q4 25
$96.4M
Q3 25
$81.3M
$74.8M
Q2 25
$60.5M
Q1 25
$71.2M
Q4 24
$87.8M
Q3 24
$73.8M
$37.2M
Q2 24
$64.6M
Total Debt
DHT
DHT
RBBN
RBBN
Q1 26
Q4 25
$342.1M
Q3 25
$344.3M
Q2 25
$346.5M
Q1 25
$347.4M
Q4 24
$348.3M
Q3 24
$349.1M
Q2 24
$350.0M
Stockholders' Equity
DHT
DHT
RBBN
RBBN
Q1 26
$419.1M
Q4 25
$449.0M
Q3 25
$1.1B
$360.1M
Q2 25
$370.4M
Q1 25
$381.8M
Q4 24
$404.6M
Q3 24
$1.0B
$395.5M
Q2 24
$405.0M
Total Assets
DHT
DHT
RBBN
RBBN
Q1 26
Q4 25
$1.2B
Q3 25
$1.4B
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.2B
Q3 24
$1.5B
$1.1B
Q2 24
$1.1B
Debt / Equity
DHT
DHT
RBBN
RBBN
Q1 26
Q4 25
0.76×
Q3 25
0.96×
Q2 25
0.94×
Q1 25
0.91×
Q4 24
0.86×
Q3 24
0.88×
Q2 24
0.86×

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
RBBN
RBBN
Operating Cash FlowLast quarter
$60.9M
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
RBBN
RBBN
Q1 26
Q4 25
$29.2M
Q3 25
$60.9M
$26.5M
Q2 25
$-795.0K
Q1 25
$-3.5M
Q4 24
$61.8M
Q3 24
$80.1M
$-14.8M
Q2 24
$-9.8M
Free Cash Flow
DHT
DHT
RBBN
RBBN
Q1 26
Q4 25
$27.3M
Q3 25
$21.0M
Q2 25
$-6.5M
Q1 25
$-15.7M
Q4 24
$53.8M
Q3 24
$-23.7M
Q2 24
$-12.9M
FCF Margin
DHT
DHT
RBBN
RBBN
Q1 26
Q4 25
12.0%
Q3 25
9.7%
Q2 25
-2.9%
Q1 25
-8.7%
Q4 24
21.4%
Q3 24
-11.3%
Q2 24
-6.7%
Capex Intensity
DHT
DHT
RBBN
RBBN
Q1 26
Q4 25
0.9%
Q3 25
2.6%
Q2 25
2.6%
Q1 25
6.7%
Q4 24
3.2%
Q3 24
4.2%
Q2 24
1.6%
Cash Conversion
DHT
DHT
RBBN
RBBN
Q1 26
Q4 25
Q3 25
1.36×
Q2 25
Q1 25
Q4 24
Q3 24
2.28×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

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