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

UNITIL CORP is the larger business by last-quarter revenue ($161.5M vs $107.3M, roughly 1.5× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 11.8%, a 30.0% gap on every dollar of revenue. On growth, UNITIL CORP posted the faster year-over-year revenue change (26.7% 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.

Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business distr...

DHT vs UTL — Head-to-Head

Bigger by revenue
UTL
UTL
1.5× larger
UTL
$161.5M
$107.3M
DHT
Growing faster (revenue YoY)
UTL
UTL
+51.1% gap
UTL
26.7%
-24.5%
DHT
Higher net margin
DHT
DHT
30.0% more per $
DHT
41.7%
11.8%
UTL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
UTL
UTL
Revenue
$107.3M
$161.5M
Net Profit
$44.8M
$19.0M
Gross Margin
Operating Margin
44.2%
21.5%
Net Margin
41.7%
11.8%
Revenue YoY
-24.5%
26.7%
Net Profit YoY
27.3%
21.8%
EPS (diluted)
$0.28
$1.05

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
UTL
UTL
Q4 25
$161.5M
Q3 25
$107.3M
$101.1M
Q2 25
$102.6M
Q1 25
$170.8M
Q4 24
$127.5M
Q3 24
$142.1M
$92.9M
Q2 24
$95.7M
Q1 24
$178.7M
Net Profit
DHT
DHT
UTL
UTL
Q4 25
$19.0M
Q3 25
$44.8M
$-300.0K
Q2 25
$4.0M
Q1 25
$27.5M
Q4 24
$15.6M
Q3 24
$35.2M
$0
Q2 24
$4.3M
Q1 24
$27.2M
Operating Margin
DHT
DHT
UTL
UTL
Q4 25
21.5%
Q3 25
44.2%
6.9%
Q2 25
13.0%
Q1 25
27.0%
Q4 24
22.1%
Q3 24
29.7%
6.2%
Q2 24
13.0%
Q1 24
24.7%
Net Margin
DHT
DHT
UTL
UTL
Q4 25
11.8%
Q3 25
41.7%
-0.3%
Q2 25
3.9%
Q1 25
16.1%
Q4 24
12.2%
Q3 24
24.8%
Q2 24
4.5%
Q1 24
15.2%
EPS (diluted)
DHT
DHT
UTL
UTL
Q4 25
$1.05
Q3 25
$0.28
$-0.02
Q2 25
$0.25
Q1 25
$1.69
Q4 24
$0.97
Q3 24
$0.22
$0.00
Q2 24
$0.27
Q1 24
$1.69

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$81.3M
$15.6M
Total DebtLower is stronger
$670.5M
Stockholders' EquityBook value
$1.1B
$609.6M
Total Assets
$1.4B
$2.1B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
UTL
UTL
Q4 25
$15.6M
Q3 25
$81.3M
$14.6M
Q2 25
$8.5M
Q1 25
$10.2M
Q4 24
$6.3M
Q3 24
$73.8M
$6.3M
Q2 24
$2.8M
Q1 24
$6.3M
Total Debt
DHT
DHT
UTL
UTL
Q4 25
$670.5M
Q3 25
$670.5M
Q2 25
$640.7M
Q1 25
$642.1M
Q4 24
$643.3M
Q3 24
$643.3M
Q2 24
$511.3M
Q1 24
$512.8M
Stockholders' Equity
DHT
DHT
UTL
UTL
Q4 25
$609.6M
Q3 25
$1.1B
$597.2M
Q2 25
$532.8M
Q1 25
$534.1M
Q4 24
$512.5M
Q3 24
$1.0B
$502.4M
Q2 24
$508.8M
Q1 24
$510.8M
Total Assets
DHT
DHT
UTL
UTL
Q4 25
$2.1B
Q3 25
$1.4B
$1.9B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$1.5B
$1.7B
Q2 24
$1.7B
Q1 24
$1.7B
Debt / Equity
DHT
DHT
UTL
UTL
Q4 25
1.10×
Q3 25
1.12×
Q2 25
1.20×
Q1 25
1.20×
Q4 24
1.26×
Q3 24
1.28×
Q2 24
1.00×
Q1 24
1.00×

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
UTL
UTL
Operating Cash FlowLast quarter
$60.9M
$21.4M
Free Cash FlowOCF − Capex
$-36.3M
FCF MarginFCF / Revenue
-22.5%
Capex IntensityCapex / Revenue
35.7%
Cash ConversionOCF / Net Profit
1.36×
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
UTL
UTL
Q4 25
$21.4M
Q3 25
$60.9M
$15.6M
Q2 25
$42.2M
Q1 25
$52.1M
Q4 24
$23.3M
Q3 24
$80.1M
$26.1M
Q2 24
$49.9M
Q1 24
$26.6M
Free Cash Flow
DHT
DHT
UTL
UTL
Q4 25
$-36.3M
Q3 25
$-39.0M
Q2 25
$2.0M
Q1 25
$19.5M
Q4 24
$-32.3M
Q3 24
$-31.3M
Q2 24
$13.2M
Q1 24
$6.4M
FCF Margin
DHT
DHT
UTL
UTL
Q4 25
-22.5%
Q3 25
-38.6%
Q2 25
1.9%
Q1 25
11.4%
Q4 24
-25.3%
Q3 24
-33.7%
Q2 24
13.8%
Q1 24
3.6%
Capex Intensity
DHT
DHT
UTL
UTL
Q4 25
35.7%
Q3 25
54.0%
Q2 25
39.2%
Q1 25
19.1%
Q4 24
43.6%
Q3 24
61.8%
Q2 24
38.3%
Q1 24
11.3%
Cash Conversion
DHT
DHT
UTL
UTL
Q4 25
1.13×
Q3 25
1.36×
Q2 25
10.55×
Q1 25
1.89×
Q4 24
1.49×
Q3 24
2.28×
Q2 24
11.60×
Q1 24
0.98×

Financial Flow Comparison

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

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