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Side-by-side financial comparison of DHT Holdings, Inc. (DHT) and TETRA TECHNOLOGIES INC (TTI). Click either name above to swap in a different company.

TETRA TECHNOLOGIES INC is the larger business by last-quarter revenue ($156.3M vs $107.3M, roughly 1.5× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 5.3%, a 36.4% gap on every dollar of revenue. On growth, TETRA TECHNOLOGIES INC posted the faster year-over-year revenue change (-0.6% 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.

Tetra Tech, Inc. is an American consulting and engineering services firm based in Pasadena, California. The company provides consulting, engineering, program management, and construction management services in the areas of water, environment, infrastructure, resource management, energy, and international development.

DHT vs TTI — Head-to-Head

Bigger by revenue
TTI
TTI
1.5× larger
TTI
$156.3M
$107.3M
DHT
Growing faster (revenue YoY)
TTI
TTI
+23.9% gap
TTI
-0.6%
-24.5%
DHT
Higher net margin
DHT
DHT
36.4% more per $
DHT
41.7%
5.3%
TTI

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
DHT
DHT
TTI
TTI
Revenue
$107.3M
$156.3M
Net Profit
$44.8M
$8.3M
Gross Margin
24.5%
Operating Margin
44.2%
8.2%
Net Margin
41.7%
5.3%
Revenue YoY
-24.5%
-0.6%
Net Profit YoY
27.3%
105.5%
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
TTI
TTI
Q1 26
$156.3M
Q4 25
$146.7M
Q3 25
$107.3M
$153.2M
Q2 25
$173.9M
Q1 25
$157.1M
Q4 24
$134.5M
Q3 24
$142.1M
$141.7M
Q2 24
$171.9M
Net Profit
DHT
DHT
TTI
TTI
Q1 26
$8.3M
Q4 25
$-16.5M
Q3 25
$44.8M
$4.2M
Q2 25
$11.3M
Q1 25
$4.0M
Q4 24
$102.7M
Q3 24
$35.2M
$-3.0M
Q2 24
$7.6M
Gross Margin
DHT
DHT
TTI
TTI
Q1 26
24.5%
Q4 25
19.4%
Q3 25
23.7%
Q2 25
27.7%
Q1 25
27.3%
Q4 24
23.1%
Q3 24
24.3%
Q2 24
25.2%
Operating Margin
DHT
DHT
TTI
TTI
Q1 26
8.2%
Q4 25
-4.2%
Q3 25
44.2%
7.3%
Q2 25
11.2%
Q1 25
3.2%
Q4 24
5.5%
Q3 24
29.7%
8.4%
Q2 24
7.3%
Net Margin
DHT
DHT
TTI
TTI
Q1 26
5.3%
Q4 25
-11.3%
Q3 25
41.7%
2.7%
Q2 25
6.5%
Q1 25
2.6%
Q4 24
76.4%
Q3 24
24.8%
-2.1%
Q2 24
4.4%
EPS (diluted)
DHT
DHT
TTI
TTI
Q1 26
Q4 25
$-0.12
Q3 25
$0.28
$0.03
Q2 25
$0.08
Q1 25
$0.03
Q4 24
$0.77
Q3 24
$0.22
$-0.02
Q2 24
$0.06

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
TTI
TTI
Cash + ST InvestmentsLiquidity on hand
$81.3M
$35.5M
Total DebtLower is stronger
$5.9M
Stockholders' EquityBook value
$1.1B
$285.6M
Total Assets
$1.4B
$662.3M
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
TTI
TTI
Q1 26
$35.5M
Q4 25
$72.6M
Q3 25
$81.3M
$67.1M
Q2 25
$68.7M
Q1 25
$41.0M
Q4 24
$37.0M
Q3 24
$73.8M
$48.4M
Q2 24
$37.7M
Total Debt
DHT
DHT
TTI
TTI
Q1 26
$5.9M
Q4 25
$190.0M
Q3 25
$180.9M
Q2 25
$180.5M
Q1 25
Q4 24
$179.7M
Q3 24
Q2 24
$179.7M
Stockholders' Equity
DHT
DHT
TTI
TTI
Q1 26
$285.6M
Q4 25
$283.8M
Q3 25
$1.1B
$296.7M
Q2 25
$290.9M
Q1 25
$273.0M
Q4 24
$254.6M
Q3 24
$1.0B
$156.7M
Q2 24
$154.8M
Total Assets
DHT
DHT
TTI
TTI
Q1 26
$662.3M
Q4 25
$675.8M
Q3 25
$1.4B
$655.2M
Q2 25
$645.6M
Q1 25
$614.1M
Q4 24
$605.2M
Q3 24
$1.5B
$501.2M
Q2 24
$605.2M
Debt / Equity
DHT
DHT
TTI
TTI
Q1 26
0.02×
Q4 25
0.67×
Q3 25
0.61×
Q2 25
0.62×
Q1 25
Q4 24
0.71×
Q3 24
Q2 24
1.16×

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
TTI
TTI
Operating Cash FlowLast quarter
$60.9M
Free Cash FlowOCF − Capex
$-31.9M
FCF MarginFCF / Revenue
-20.4%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$1.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
TTI
TTI
Q1 26
Q4 25
$31.7M
Q3 25
$60.9M
$16.4M
Q2 25
$48.3M
Q1 25
$3.9M
Q4 24
$5.6M
Q3 24
$80.1M
$19.9M
Q2 24
$24.8M
Free Cash Flow
DHT
DHT
TTI
TTI
Q1 26
$-31.9M
Q4 25
$4.1M
Q3 25
$627.0K
Q2 25
$28.8M
Q1 25
$-14.0M
Q4 24
$-9.3M
Q3 24
$5.3M
Q2 24
$9.4M
FCF Margin
DHT
DHT
TTI
TTI
Q1 26
-20.4%
Q4 25
2.8%
Q3 25
0.4%
Q2 25
16.6%
Q1 25
-8.9%
Q4 24
-6.9%
Q3 24
3.7%
Q2 24
5.5%
Capex Intensity
DHT
DHT
TTI
TTI
Q1 26
4.5%
Q4 25
18.8%
Q3 25
10.3%
Q2 25
11.2%
Q1 25
11.4%
Q4 24
11.1%
Q3 24
10.3%
Q2 24
9.0%
Cash Conversion
DHT
DHT
TTI
TTI
Q1 26
Q4 25
Q3 25
1.36×
3.94×
Q2 25
4.28×
Q1 25
0.97×
Q4 24
0.05×
Q3 24
2.28×
Q2 24
3.25×

Financial Flow Comparison

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

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