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

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $73.8M, roughly 1.5× Telesat Corp). DHT Holdings, Inc. runs the higher net margin — 41.7% vs -119.8%, a 161.6% 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.

Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.

DHT vs TSAT — Head-to-Head

Bigger by revenue
DHT
DHT
1.5× larger
DHT
$107.3M
$73.8M
TSAT
Higher net margin
DHT
DHT
161.6% more per $
DHT
41.7%
-119.8%
TSAT

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
DHT
DHT
TSAT
TSAT
Revenue
$107.3M
$73.8M
Net Profit
$44.8M
$-88.4M
Gross Margin
95.3%
Operating Margin
44.2%
5.9%
Net Margin
41.7%
-119.8%
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
TSAT
TSAT
Q3 25
$107.3M
$73.8M
Q2 25
$77.5M
Q1 25
$152.2M
Q3 24
$142.1M
Q2 24
$363.2M
Q3 23
$131.6M
$552.5M
Q2 23
$372.4M
Q1 23
$185.8M
Net Profit
DHT
DHT
TSAT
TSAT
Q3 25
$44.8M
$-88.4M
Q2 25
$55.1M
Q1 25
$-52.3M
Q3 24
$35.2M
Q2 24
$547.4M
Q3 23
$31.0M
$-172.5M
Q2 23
$56.3M
Q1 23
$60.6M
Gross Margin
DHT
DHT
TSAT
TSAT
Q3 25
95.3%
Q2 25
95.9%
Q1 25
Q3 24
Q2 24
Q3 23
Q2 23
Q1 23
Operating Margin
DHT
DHT
TSAT
TSAT
Q3 25
44.2%
5.9%
Q2 25
16.8%
Q1 25
Q3 24
29.7%
Q2 24
Q3 23
29.7%
Q2 23
Q1 23
Net Margin
DHT
DHT
TSAT
TSAT
Q3 25
41.7%
-119.8%
Q2 25
71.2%
Q1 25
-34.4%
Q3 24
24.8%
Q2 24
150.7%
Q3 23
23.5%
-31.2%
Q2 23
15.1%
Q1 23
32.6%
EPS (diluted)
DHT
DHT
TSAT
TSAT
Q3 25
$0.28
Q2 25
Q1 25
Q3 24
$0.22
Q2 24
Q3 23
$0.19
Q2 23
Q1 23

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$81.3M
$352.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$1.6B
Total Assets
$1.4B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
TSAT
TSAT
Q3 25
$81.3M
$352.3M
Q2 25
$399.6M
Q1 25
$552.1M
Q3 24
$73.8M
Q2 24
$1.7B
Q3 23
$73.9M
$1.7B
Q2 23
$1.7B
Q1 23
$1.7B
Stockholders' Equity
DHT
DHT
TSAT
TSAT
Q3 25
$1.1B
$1.6B
Q2 25
$1.7B
Q1 25
$2.5B
Q3 24
$1.0B
Q2 24
$2.4B
Q3 23
$1.0B
$1.8B
Q2 23
$1.8B
Q1 23
$1.8B
Total Assets
DHT
DHT
TSAT
TSAT
Q3 25
$1.4B
$5.1B
Q2 25
$4.9B
Q1 25
$6.9B
Q3 24
$1.5B
Q2 24
$6.3B
Q3 23
$1.5B
$6.5B
Q2 23
$6.5B
Q1 23
$6.5B

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
TSAT
TSAT
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
TSAT
TSAT
Q3 25
$60.9M
Q2 25
Q1 25
Q3 24
$80.1M
Q2 24
Q3 23
$55.7M
Q2 23
Q1 23
Cash Conversion
DHT
DHT
TSAT
TSAT
Q3 25
1.36×
Q2 25
Q1 25
Q3 24
2.28×
Q2 24
Q3 23
1.80×
Q2 23
Q1 23

Financial Flow Comparison

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

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