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Side-by-side financial comparison of DHT Holdings, Inc. (DHT) and SmartStop Self Storage REIT, Inc. (SMA). Click either name above to swap in a different company.

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $78.4M, roughly 1.4× SmartStop Self Storage REIT, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 3.8%, a 38.0% gap on every dollar of revenue. On growth, SmartStop Self Storage REIT, Inc. posted the faster year-over-year revenue change (29.4% 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.

SmartStop Self Storage REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality self-storage properties. Its portfolio covers multiple U.S. states and Canadian provinces, offering secure, flexible storage solutions for residential customers storing personal belongings and commercial clients storing inventory or seasonal goods.

DHT vs SMA — Head-to-Head

Bigger by revenue
DHT
DHT
1.4× larger
DHT
$107.3M
$78.4M
SMA
Growing faster (revenue YoY)
SMA
SMA
+53.8% gap
SMA
29.4%
-24.5%
DHT
Higher net margin
DHT
DHT
38.0% more per $
DHT
41.7%
3.8%
SMA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
SMA
SMA
Revenue
$107.3M
$78.4M
Net Profit
$44.8M
$3.0M
Gross Margin
61.2%
Operating Margin
44.2%
24.0%
Net Margin
41.7%
3.8%
Revenue YoY
-24.5%
29.4%
Net Profit YoY
27.3%
2080.0%
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
SMA
SMA
Q4 25
$78.4M
Q3 25
$107.3M
$70.4M
Q2 25
$66.8M
Q1 25
$65.4M
Q4 24
$60.6M
Q3 24
$142.1M
$60.2M
Q2 24
$59.2M
Q1 24
$57.0M
Net Profit
DHT
DHT
SMA
SMA
Q4 25
$3.0M
Q3 25
$44.8M
$5.2M
Q2 25
$-4.8M
Q1 25
$-5.5M
Q4 24
$-150.0K
Q3 24
$35.2M
$-6.2M
Q2 24
$-705.0K
Q1 24
$-1.6M
Gross Margin
DHT
DHT
SMA
SMA
Q4 25
61.2%
Q3 25
60.9%
Q2 25
59.3%
Q1 25
64.1%
Q4 24
66.3%
Q3 24
64.8%
Q2 24
66.4%
Q1 24
65.1%
Operating Margin
DHT
DHT
SMA
SMA
Q4 25
24.0%
Q3 25
44.2%
18.1%
Q2 25
15.4%
Q1 25
26.3%
Q4 24
29.4%
Q3 24
29.7%
29.4%
Q2 24
29.9%
Q1 24
28.0%
Net Margin
DHT
DHT
SMA
SMA
Q4 25
3.8%
Q3 25
41.7%
7.4%
Q2 25
-7.2%
Q1 25
-8.3%
Q4 24
-0.2%
Q3 24
24.8%
-10.3%
Q2 24
-1.2%
Q1 24
-2.9%
EPS (diluted)
DHT
DHT
SMA
SMA
Q4 25
Q3 25
$0.28
$0.09
Q2 25
$-0.16
Q1 25
$-0.35
Q4 24
Q3 24
$0.22
$-0.26
Q2 24
$-0.16
Q1 24
$-0.20

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
SMA
SMA
Cash + ST InvestmentsLiquidity on hand
$81.3M
$54.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$1.2B
Total Assets
$1.4B
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
SMA
SMA
Q4 25
$54.2M
Q3 25
$81.3M
$47.8M
Q2 25
$37.7M
Q1 25
$35.2M
Q4 24
$23.1M
Q3 24
$73.8M
$36.7M
Q2 24
$34.7M
Q1 24
$39.2M
Stockholders' Equity
DHT
DHT
SMA
SMA
Q4 25
$1.2B
Q3 25
$1.1B
$1.2B
Q2 25
$1.2B
Q1 25
$303.0M
Q4 24
$325.7M
Q3 24
$1.0B
$343.9M
Q2 24
$365.8M
Q1 24
$384.8M
Total Assets
DHT
DHT
SMA
SMA
Q4 25
$2.4B
Q3 25
$1.4B
$2.4B
Q2 25
$2.3B
Q1 25
$2.1B
Q4 24
$2.0B
Q3 24
$1.5B
$1.9B
Q2 24
$1.9B
Q1 24
$1.9B

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
SMA
SMA
Operating Cash FlowLast quarter
$60.9M
$85.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.36×
28.61×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
SMA
SMA
Q4 25
$85.0M
Q3 25
$60.9M
$52.1M
Q2 25
$8.0M
Q1 25
$10.6M
Q4 24
$64.0M
Q3 24
$80.1M
$21.7M
Q2 24
$17.3M
Q1 24
$14.4M
Cash Conversion
DHT
DHT
SMA
SMA
Q4 25
28.61×
Q3 25
1.36×
9.96×
Q2 25
Q1 25
Q4 24
Q3 24
2.28×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

SMA
SMA

Self Storage Rental Revenue$62.0M79%
Other$11.9M15%
Ancillary Operating Revenue$2.9M4%
Asset Management1$1.7M2%

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