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

TOYO Co., Ltd is the larger business by last-quarter revenue ($139.1M vs $107.3M, roughly 1.3× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 2.5%, a 39.2% gap on every dollar of revenue. On growth, TOYO Co., Ltd posted the faster year-over-year revenue change (0.7% 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.

Toyo Tire Corporation , commonly known as Toyo Tires, is a multinational tire and rubber products company based in Itami, Japan. The company owns and operates eight factories in Asia, North America, and Europe and distributes tires and automotive components through fourteen sales companies throughout the world.

DHT vs TOYO — Head-to-Head

Bigger by revenue
TOYO
TOYO
1.3× larger
TOYO
$139.1M
$107.3M
DHT
Growing faster (revenue YoY)
TOYO
TOYO
+25.2% gap
TOYO
0.7%
-24.5%
DHT
Higher net margin
DHT
DHT
39.2% more per $
DHT
41.7%
2.5%
TOYO

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
DHT
DHT
TOYO
TOYO
Revenue
$107.3M
$139.1M
Net Profit
$44.8M
$3.5M
Gross Margin
16.6%
Operating Margin
44.2%
7.0%
Net Margin
41.7%
2.5%
Revenue YoY
-24.5%
0.7%
Net Profit YoY
27.3%
-82.3%
EPS (diluted)
$0.28
$0.10

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
TOYO
TOYO
Q3 25
$107.3M
Q2 25
$139.1M
Q3 24
$142.1M
Q2 24
$138.1M
Q3 23
$131.6M
Q3 22
$109.9M
Net Profit
DHT
DHT
TOYO
TOYO
Q3 25
$44.8M
Q2 25
$3.5M
Q3 24
$35.2M
Q2 24
$19.6M
Q3 23
$31.0M
Q3 22
$7.5M
Gross Margin
DHT
DHT
TOYO
TOYO
Q3 25
Q2 25
16.6%
Q3 24
Q2 24
19.3%
Q3 23
Q3 22
Operating Margin
DHT
DHT
TOYO
TOYO
Q3 25
44.2%
Q2 25
7.0%
Q3 24
29.7%
Q2 24
16.3%
Q3 23
29.7%
Q3 22
11.1%
Net Margin
DHT
DHT
TOYO
TOYO
Q3 25
41.7%
Q2 25
2.5%
Q3 24
24.8%
Q2 24
14.2%
Q3 23
23.5%
Q3 22
6.8%
EPS (diluted)
DHT
DHT
TOYO
TOYO
Q3 25
$0.28
Q2 25
$0.10
Q3 24
$0.22
Q2 24
$0.48
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
TOYO
TOYO
Cash + ST InvestmentsLiquidity on hand
$81.3M
Total DebtLower is stronger
$13.7M
Stockholders' EquityBook value
$1.1B
$67.0M
Total Assets
$1.4B
$353.6M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
TOYO
TOYO
Q3 25
$81.3M
Q2 25
Q3 24
$73.8M
Q2 24
Q3 23
$73.9M
Q3 22
$65.7M
Total Debt
DHT
DHT
TOYO
TOYO
Q3 25
Q2 25
$13.7M
Q3 24
Q2 24
$22.4M
Q3 23
Q3 22
Stockholders' Equity
DHT
DHT
TOYO
TOYO
Q3 25
$1.1B
Q2 25
$67.0M
Q3 24
$1.0B
Q2 24
$73.4M
Q3 23
$1.0B
Q3 22
$1.0B
Total Assets
DHT
DHT
TOYO
TOYO
Q3 25
$1.4B
Q2 25
$353.6M
Q3 24
$1.5B
Q2 24
$241.4M
Q3 23
$1.5B
Q3 22
$1.5B
Debt / Equity
DHT
DHT
TOYO
TOYO
Q3 25
Q2 25
0.20×
Q3 24
Q2 24
0.31×
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
TOYO
TOYO
Operating Cash FlowLast quarter
$60.9M
$40.0M
Free Cash FlowOCF − Capex
$-7.1M
FCF MarginFCF / Revenue
-5.1%
Capex IntensityCapex / Revenue
33.9%
Cash ConversionOCF / Net Profit
1.36×
11.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
TOYO
TOYO
Q3 25
$60.9M
Q2 25
$40.0M
Q3 24
$80.1M
Q2 24
$21.8M
Q3 23
$55.7M
Q3 22
$5.5M
Free Cash Flow
DHT
DHT
TOYO
TOYO
Q3 25
Q2 25
$-7.1M
Q3 24
Q2 24
$5.2M
Q3 23
Q3 22
FCF Margin
DHT
DHT
TOYO
TOYO
Q3 25
Q2 25
-5.1%
Q3 24
Q2 24
3.8%
Q3 23
Q3 22
Capex Intensity
DHT
DHT
TOYO
TOYO
Q3 25
Q2 25
33.9%
Q3 24
Q2 24
12.0%
Q3 23
Q3 22
Cash Conversion
DHT
DHT
TOYO
TOYO
Q3 25
1.36×
Q2 25
11.55×
Q3 24
2.28×
Q2 24
1.11×
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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