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

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $102.3M, roughly 1.0× Sangoma Technologies Corp). DHT Holdings, Inc. runs the higher net margin — 41.7% vs -3.7%, a 45.4% 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.

Sangoma Corporation, formerly known as Sangoma Technologies Corporation, is a Canadian company specializing in Communications as a Service (CaaS) solutions, Voice over IP (VoIP) hardware, and software for businesses. Founded in 1984 and headquartered in Markham, Ontario, Sangoma is publicly traded on the Toronto Stock Exchange and NASDAQ (SANG). The company rebranded to Sangoma Corporation in [year of name change, e.g., 2024; source needed] to reflect its broadened focus on unified communicat...

DHT vs SANG — Head-to-Head

Bigger by revenue
DHT
DHT
1.0× larger
DHT
$107.3M
$102.3M
SANG
Higher net margin
DHT
DHT
45.4% more per $
DHT
41.7%
-3.7%
SANG

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
DHT
DHT
SANG
SANG
Revenue
$107.3M
$102.3M
Net Profit
$44.8M
$-3.8M
Gross Margin
79.9%
Operating Margin
44.2%
Net Margin
41.7%
-3.7%
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
SANG
SANG
Q4 25
$102.3M
Q3 25
$107.3M
$50.8M
Q1 25
$177.3M
Q4 24
$119.3M
Q3 24
$142.1M
$60.1M
Q1 24
$186.3M
Q4 23
$125.3M
Q3 23
$131.6M
$63.0M
Net Profit
DHT
DHT
SANG
SANG
Q4 25
$-3.8M
Q3 25
$44.8M
$-1.9M
Q1 25
$-7.0M
Q4 24
$-5.7M
Q3 24
$35.2M
$-2.4M
Q1 24
$-5.4M
Q4 23
$-4.7M
Q3 23
$31.0M
$-2.0M
Gross Margin
DHT
DHT
SANG
SANG
Q4 25
79.9%
Q3 25
81.0%
Q1 25
73.9%
Q4 24
73.8%
Q3 24
73.2%
Q1 24
70.1%
Q4 23
68.7%
Q3 23
68.8%
Operating Margin
DHT
DHT
SANG
SANG
Q4 25
Q3 25
44.2%
Q1 25
Q4 24
Q3 24
29.7%
Q1 24
Q4 23
Q3 23
29.7%
Net Margin
DHT
DHT
SANG
SANG
Q4 25
-3.7%
Q3 25
41.7%
-3.8%
Q1 25
-3.9%
Q4 24
-4.8%
Q3 24
24.8%
-4.1%
Q1 24
-2.9%
Q4 23
-3.8%
Q3 23
23.5%
-3.1%
EPS (diluted)
DHT
DHT
SANG
SANG
Q4 25
Q3 25
$0.28
Q1 25
Q4 24
Q3 24
$0.22
Q1 24
Q4 23
Q3 23
$0.19
$-0.06

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
SANG
SANG
Q4 25
Q3 25
$81.3M
Q1 25
Q4 24
Q3 24
$73.8M
Q1 24
Q4 23
Q3 23
$73.9M
Stockholders' Equity
DHT
DHT
SANG
SANG
Q4 25
Q3 25
$1.1B
Q1 25
Q4 24
Q3 24
$1.0B
Q1 24
Q4 23
Q3 23
$1.0B
Total Assets
DHT
DHT
SANG
SANG
Q4 25
Q3 25
$1.4B
Q1 25
Q4 24
Q3 24
$1.5B
Q1 24
Q4 23
Q3 23
$1.5B

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
SANG
SANG
Operating Cash FlowLast quarter
$60.9M
$24.0M
Free Cash FlowOCF − Capex
$23.1M
FCF MarginFCF / Revenue
22.6%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$80.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
SANG
SANG
Q4 25
$24.0M
Q3 25
$60.9M
$12.1M
Q1 25
$32.5M
Q4 24
$17.0M
Q3 24
$80.1M
$7.8M
Q1 24
$15.6M
Q4 23
$8.6M
Q3 23
$55.7M
$3.6M
Free Cash Flow
DHT
DHT
SANG
SANG
Q4 25
$23.1M
Q3 25
$11.7M
Q1 25
$29.8M
Q4 24
$15.4M
Q3 24
$7.2M
Q1 24
$12.4M
Q4 23
$6.2M
Q3 23
$2.9M
FCF Margin
DHT
DHT
SANG
SANG
Q4 25
22.6%
Q3 25
23.0%
Q1 25
16.8%
Q4 24
12.9%
Q3 24
11.9%
Q1 24
6.7%
Q4 23
4.9%
Q3 23
4.7%
Capex Intensity
DHT
DHT
SANG
SANG
Q4 25
0.9%
Q3 25
0.9%
Q1 25
1.5%
Q4 24
1.4%
Q3 24
1.1%
Q1 24
1.7%
Q4 23
2.0%
Q3 23
1.1%
Cash Conversion
DHT
DHT
SANG
SANG
Q4 25
Q3 25
1.36×
Q1 25
Q4 24
Q3 24
2.28×
Q1 24
Q4 23
Q3 23
1.80×

Financial Flow Comparison

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

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