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

Udemy, Inc. is the larger business by last-quarter revenue ($194.0M vs $107.3M, roughly 1.8× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs -1.2%, a 42.9% gap on every dollar of revenue. On growth, Udemy, Inc. posted the faster year-over-year revenue change (-3.0% 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.

Udemy is a US-based education technology company. Founded as a massive open online course (MOOC) provider in 2010 by Eren Bali, Gagan Biyani, and Oktay Caglar; the company is based in San Francisco, California, with offices in the United States, Australia, India, Ireland, Mexico and Turkey. Its education platform allows both the creation and sharing of online courses. By early 2025, Udemy claimed to have millions of individual users. Courses are typically video-based and on-demand.

DHT vs UDMY — Head-to-Head

Bigger by revenue
UDMY
UDMY
1.8× larger
UDMY
$194.0M
$107.3M
DHT
Growing faster (revenue YoY)
UDMY
UDMY
+21.5% gap
UDMY
-3.0%
-24.5%
DHT
Higher net margin
DHT
DHT
42.9% more per $
DHT
41.7%
-1.2%
UDMY

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
UDMY
UDMY
Revenue
$107.3M
$194.0M
Net Profit
$44.8M
$-2.3M
Gross Margin
66.0%
Operating Margin
44.2%
-1.8%
Net Margin
41.7%
-1.2%
Revenue YoY
-24.5%
-3.0%
Net Profit YoY
27.3%
76.4%
EPS (diluted)
$0.28
$-0.01

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
UDMY
UDMY
Q4 25
$194.0M
Q3 25
$107.3M
$195.7M
Q2 25
$199.9M
Q1 25
$200.3M
Q4 24
$199.9M
Q3 24
$142.1M
$195.4M
Q2 24
$194.4M
Q1 24
$196.8M
Net Profit
DHT
DHT
UDMY
UDMY
Q4 25
$-2.3M
Q3 25
$44.8M
$1.6M
Q2 25
$6.3M
Q1 25
$-1.8M
Q4 24
$-9.9M
Q3 24
$35.2M
$-25.3M
Q2 24
$-31.8M
Q1 24
$-18.3M
Gross Margin
DHT
DHT
UDMY
UDMY
Q4 25
66.0%
Q3 25
65.9%
Q2 25
66.1%
Q1 25
64.6%
Q4 24
63.6%
Q3 24
63.0%
Q2 24
62.3%
Q1 24
61.2%
Operating Margin
DHT
DHT
UDMY
UDMY
Q4 25
-1.8%
Q3 25
44.2%
-0.1%
Q2 25
2.0%
Q1 25
-2.2%
Q4 24
-5.8%
Q3 24
29.7%
-15.1%
Q2 24
-13.1%
Q1 24
-11.5%
Net Margin
DHT
DHT
UDMY
UDMY
Q4 25
-1.2%
Q3 25
41.7%
0.8%
Q2 25
3.1%
Q1 25
-0.9%
Q4 24
-4.9%
Q3 24
24.8%
-12.9%
Q2 24
-16.4%
Q1 24
-9.3%
EPS (diluted)
DHT
DHT
UDMY
UDMY
Q4 25
$-0.01
Q3 25
$0.28
$0.01
Q2 25
$0.04
Q1 25
$-0.01
Q4 24
$-0.06
Q3 24
$0.22
$-0.17
Q2 24
$-0.21
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
UDMY
UDMY
Cash + ST InvestmentsLiquidity on hand
$81.3M
$358.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$210.5M
Total Assets
$1.4B
$617.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
UDMY
UDMY
Q4 25
$358.7M
Q3 25
$81.3M
$371.2M
Q2 25
$392.0M
Q1 25
$357.0M
Q4 24
$354.4M
Q3 24
$73.8M
$357.1M
Q2 24
$420.9M
Q1 24
$430.7M
Stockholders' Equity
DHT
DHT
UDMY
UDMY
Q4 25
$210.5M
Q3 25
$1.1B
$221.8M
Q2 25
$233.4M
Q1 25
$209.4M
Q4 24
$197.4M
Q3 24
$1.0B
$196.3M
Q2 24
$252.3M
Q1 24
$296.5M
Total Assets
DHT
DHT
UDMY
UDMY
Q4 25
$617.7M
Q3 25
$1.4B
$618.9M
Q2 25
$644.0M
Q1 25
$639.0M
Q4 24
$605.6M
Q3 24
$1.5B
$608.9M
Q2 24
$671.9M
Q1 24
$708.5M

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
UDMY
UDMY
Operating Cash FlowLast quarter
$60.9M
$15.5M
Free Cash FlowOCF − Capex
$15.0M
FCF MarginFCF / Revenue
7.7%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$81.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
UDMY
UDMY
Q4 25
$15.5M
Q3 25
$60.9M
$15.7M
Q2 25
$44.2M
Q1 25
$12.2M
Q4 24
$9.6M
Q3 24
$80.1M
$-6.1M
Q2 24
$28.6M
Q1 24
$21.0M
Free Cash Flow
DHT
DHT
UDMY
UDMY
Q4 25
$15.0M
Q3 25
$15.1M
Q2 25
$41.9M
Q1 25
$9.8M
Q4 24
$8.4M
Q3 24
$-6.7M
Q2 24
$28.2M
Q1 24
$20.8M
FCF Margin
DHT
DHT
UDMY
UDMY
Q4 25
7.7%
Q3 25
7.7%
Q2 25
21.0%
Q1 25
4.9%
Q4 24
4.2%
Q3 24
-3.4%
Q2 24
14.5%
Q1 24
10.6%
Capex Intensity
DHT
DHT
UDMY
UDMY
Q4 25
0.3%
Q3 25
0.3%
Q2 25
1.1%
Q1 25
1.2%
Q4 24
0.6%
Q3 24
0.3%
Q2 24
0.2%
Q1 24
0.1%
Cash Conversion
DHT
DHT
UDMY
UDMY
Q4 25
Q3 25
1.36×
9.58×
Q2 25
7.06×
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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