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

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $52.3M, roughly 2.1× SEACOR Marine Holdings Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs -27.9%, a 69.7% gap on every dollar of revenue. On growth, DHT Holdings, Inc. posted the faster year-over-year revenue change (-24.5% vs -25.0%).

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.

SEACOR Holdings, based in Fort Lauderdale, Florida, provides equipment and services to the offshore petroleum industry and the marine transportation industry. An American corporation, the company holds a 70% ownership stake in a bioethanol plant located in Illinois.

DHT vs SMHI — Head-to-Head

Bigger by revenue
DHT
DHT
2.1× larger
DHT
$107.3M
$52.3M
SMHI
Growing faster (revenue YoY)
DHT
DHT
+0.6% gap
DHT
-24.5%
-25.0%
SMHI
Higher net margin
DHT
DHT
69.7% more per $
DHT
41.7%
-27.9%
SMHI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
SMHI
SMHI
Revenue
$107.3M
$52.3M
Net Profit
$44.8M
$-14.6M
Gross Margin
18.5%
Operating Margin
44.2%
-9.9%
Net Margin
41.7%
-27.9%
Revenue YoY
-24.5%
-25.0%
Net Profit YoY
27.3%
44.2%
EPS (diluted)
$0.28
$-0.59

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
SMHI
SMHI
Q4 25
$52.3M
Q3 25
$107.3M
$59.2M
Q2 25
$60.8M
Q1 25
$55.5M
Q4 24
$69.8M
Q3 24
$142.1M
$68.9M
Q2 24
$69.9M
Q1 24
$62.8M
Net Profit
DHT
DHT
SMHI
SMHI
Q4 25
$-14.6M
Q3 25
$44.8M
$9.0M
Q2 25
$-6.7M
Q1 25
$-15.5M
Q4 24
$-26.2M
Q3 24
$35.2M
$-16.3M
Q2 24
$-12.5M
Q1 24
$-23.1M
Gross Margin
DHT
DHT
SMHI
SMHI
Q4 25
18.5%
Q3 25
19.4%
Q2 25
18.6%
Q1 25
24.5%
Q4 24
33.1%
Q3 24
23.2%
Q2 24
29.1%
Q1 24
23.4%
Operating Margin
DHT
DHT
SMHI
SMHI
Q4 25
-9.9%
Q3 25
44.2%
30.5%
Q2 25
10.0%
Q1 25
-9.5%
Q4 24
15.2%
Q3 24
29.7%
-9.4%
Q2 24
-5.6%
Q1 24
-16.9%
Net Margin
DHT
DHT
SMHI
SMHI
Q4 25
-27.9%
Q3 25
41.7%
15.2%
Q2 25
-11.1%
Q1 25
-27.9%
Q4 24
-37.6%
Q3 24
24.8%
-23.7%
Q2 24
-17.9%
Q1 24
-36.8%
EPS (diluted)
DHT
DHT
SMHI
SMHI
Q4 25
$-0.59
Q3 25
$0.28
$0.35
Q2 25
$-0.26
Q1 25
$-0.56
Q4 24
$-0.94
Q3 24
$0.22
$-0.59
Q2 24
$-0.45
Q1 24
$-0.84

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
SMHI
SMHI
Cash + ST InvestmentsLiquidity on hand
$81.3M
$68.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$264.4M
Total Assets
$1.4B
$660.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
SMHI
SMHI
Q4 25
$68.9M
Q3 25
$81.3M
$91.0M
Q2 25
$34.4M
Q1 25
$43.0M
Q4 24
$59.5M
Q3 24
$73.8M
$35.6M
Q2 24
$40.6M
Q1 24
$59.6M
Stockholders' Equity
DHT
DHT
SMHI
SMHI
Q4 25
$264.4M
Q3 25
$1.1B
$277.3M
Q2 25
$267.5M
Q1 25
$283.7M
Q4 24
$298.0M
Q3 24
$1.0B
$324.7M
Q2 24
$337.6M
Q1 24
$348.5M
Total Assets
DHT
DHT
SMHI
SMHI
Q4 25
$660.6M
Q3 25
$1.4B
$692.5M
Q2 25
$680.0M
Q1 25
$694.2M
Q4 24
$727.1M
Q3 24
$1.5B
$709.4M
Q2 24
$721.6M
Q1 24
$744.8M

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
SMHI
SMHI
Operating Cash FlowLast quarter
$60.9M
$-12.2M
Free Cash FlowOCF − Capex
$-20.6M
FCF MarginFCF / Revenue
-39.4%
Capex IntensityCapex / Revenue
16.1%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$-85.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
SMHI
SMHI
Q4 25
$-12.2M
Q3 25
$60.9M
$-10.7M
Q2 25
$-2.1M
Q1 25
$-11.5M
Q4 24
$8.5M
Q3 24
$80.1M
$626.0K
Q2 24
$-12.2M
Q1 24
$-7.2M
Free Cash Flow
DHT
DHT
SMHI
SMHI
Q4 25
$-20.6M
Q3 25
$-20.0M
Q2 25
$-12.3M
Q1 25
$-32.3M
Q4 24
$5.5M
Q3 24
$416.0K
Q2 24
$-12.9M
Q1 24
$-10.6M
FCF Margin
DHT
DHT
SMHI
SMHI
Q4 25
-39.4%
Q3 25
-33.8%
Q2 25
-20.2%
Q1 25
-58.1%
Q4 24
7.9%
Q3 24
0.6%
Q2 24
-18.5%
Q1 24
-16.9%
Capex Intensity
DHT
DHT
SMHI
SMHI
Q4 25
16.1%
Q3 25
15.8%
Q2 25
16.8%
Q1 25
37.5%
Q4 24
4.3%
Q3 24
0.3%
Q2 24
0.9%
Q1 24
5.4%
Cash Conversion
DHT
DHT
SMHI
SMHI
Q4 25
Q3 25
1.36×
-1.19×
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.

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