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Side-by-side financial comparison of DHT Holdings, Inc. (DHT) and UNITED STATES LIME & MINERALS INC (USLM). Click either name above to swap in a different company.

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $87.9M, roughly 1.2× UNITED STATES LIME & MINERALS INC). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 34.7%, a 7.0% gap on every dollar of revenue. On growth, UNITED STATES LIME & MINERALS INC posted the faster year-over-year revenue change (9.8% 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.

United States Lime & Minerals Inc is a leading US-based natural resources enterprise that produces high-calcium lime, dolomitic lime, limestone and related mineral products. Its core client segments cover infrastructure construction, steel manufacturing, agricultural soil amendment, environmental emission control and industrial processing, serving customers across North America.

DHT vs USLM — Head-to-Head

Bigger by revenue
DHT
DHT
1.2× larger
DHT
$107.3M
$87.9M
USLM
Growing faster (revenue YoY)
USLM
USLM
+34.3% gap
USLM
9.8%
-24.5%
DHT
Higher net margin
DHT
DHT
7.0% more per $
DHT
41.7%
34.7%
USLM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
USLM
USLM
Revenue
$107.3M
$87.9M
Net Profit
$44.8M
$30.5M
Gross Margin
48.0%
Operating Margin
44.2%
41.0%
Net Margin
41.7%
34.7%
Revenue YoY
-24.5%
9.8%
Net Profit YoY
27.3%
13.2%
EPS (diluted)
$0.28
$1.06

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
USLM
USLM
Q4 25
$87.9M
Q3 25
$107.3M
$102.0M
Q2 25
$91.5M
Q1 25
$91.3M
Q4 24
$80.1M
Q3 24
$142.1M
$89.4M
Q2 24
$76.5M
Q1 24
$71.7M
Net Profit
DHT
DHT
USLM
USLM
Q4 25
$30.5M
Q3 25
$44.8M
$38.8M
Q2 25
$30.8M
Q1 25
$34.1M
Q4 24
$27.0M
Q3 24
$35.2M
$33.4M
Q2 24
$26.1M
Q1 24
$22.4M
Gross Margin
DHT
DHT
USLM
USLM
Q4 25
48.0%
Q3 25
51.2%
Q2 25
45.8%
Q1 25
50.6%
Q4 24
44.3%
Q3 24
48.2%
Q2 24
45.5%
Q1 24
42.7%
Operating Margin
DHT
DHT
USLM
USLM
Q4 25
41.0%
Q3 25
44.2%
45.3%
Q2 25
39.0%
Q1 25
43.7%
Q4 24
38.8%
Q3 24
29.7%
42.6%
Q2 24
39.1%
Q1 24
35.9%
Net Margin
DHT
DHT
USLM
USLM
Q4 25
34.7%
Q3 25
41.7%
38.0%
Q2 25
33.7%
Q1 25
37.4%
Q4 24
33.7%
Q3 24
24.8%
37.3%
Q2 24
34.0%
Q1 24
31.3%
EPS (diluted)
DHT
DHT
USLM
USLM
Q4 25
$1.06
Q3 25
$0.28
$1.35
Q2 25
$1.07
Q1 25
$1.19
Q4 24
$-2.20
Q3 24
$0.22
$1.16
Q2 24
$0.91
Q1 24
$3.92

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
USLM
USLM
Cash + ST InvestmentsLiquidity on hand
$81.3M
$371.1M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$1.1B
$630.8M
Total Assets
$1.4B
$681.0M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
USLM
USLM
Q4 25
$371.1M
Q3 25
$81.3M
$349.5M
Q2 25
$319.9M
Q1 25
$300.6M
Q4 24
$278.0M
Q3 24
$73.8M
$255.0M
Q2 24
$222.5M
Q1 24
$207.0M
Total Debt
DHT
DHT
USLM
USLM
Q4 25
$0
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
DHT
DHT
USLM
USLM
Q4 25
$630.8M
Q3 25
$1.1B
$602.3M
Q2 25
$563.3M
Q1 25
$532.2M
Q4 24
$497.7M
Q3 24
$1.0B
$474.2M
Q2 24
$441.1M
Q1 24
$415.3M
Total Assets
DHT
DHT
USLM
USLM
Q4 25
$681.0M
Q3 25
$1.4B
$652.8M
Q2 25
$607.4M
Q1 25
$585.3M
Q4 24
$543.2M
Q3 24
$1.5B
$521.8M
Q2 24
$484.2M
Q1 24
$464.0M
Debt / Equity
DHT
DHT
USLM
USLM
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

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
USLM
USLM
Operating Cash FlowLast quarter
$60.9M
$45.6M
Free Cash FlowOCF − Capex
$25.7M
FCF MarginFCF / Revenue
29.2%
Capex IntensityCapex / Revenue
22.6%
Cash ConversionOCF / Net Profit
1.36×
1.49×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
USLM
USLM
Q4 25
$45.6M
Q3 25
$60.9M
$45.9M
Q2 25
$34.0M
Q1 25
$39.4M
Q4 24
$38.6M
Q3 24
$80.1M
$39.0M
Q2 24
$21.2M
Q1 24
$27.2M
Free Cash Flow
DHT
DHT
USLM
USLM
Q4 25
$25.7M
Q3 25
$31.3M
Q2 25
$20.8M
Q1 25
$24.6M
Q4 24
$27.6M
Q3 24
$33.9M
Q2 24
$16.8M
Q1 24
$20.3M
FCF Margin
DHT
DHT
USLM
USLM
Q4 25
29.2%
Q3 25
30.7%
Q2 25
22.7%
Q1 25
26.9%
Q4 24
34.4%
Q3 24
37.9%
Q2 24
21.9%
Q1 24
28.4%
Capex Intensity
DHT
DHT
USLM
USLM
Q4 25
22.6%
Q3 25
14.4%
Q2 25
14.5%
Q1 25
16.3%
Q4 24
13.8%
Q3 24
5.8%
Q2 24
5.7%
Q1 24
9.5%
Cash Conversion
DHT
DHT
USLM
USLM
Q4 25
1.49×
Q3 25
1.36×
1.18×
Q2 25
1.10×
Q1 25
1.16×
Q4 24
1.43×
Q3 24
2.28×
1.17×
Q2 24
0.81×
Q1 24
1.21×

Financial Flow Comparison

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

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