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

Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $107.3M, roughly 2.0× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 7.6%, a 34.1% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% 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.

Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".

DHT vs VITL — Head-to-Head

Bigger by revenue
VITL
VITL
2.0× larger
VITL
$213.6M
$107.3M
DHT
Growing faster (revenue YoY)
VITL
VITL
+53.1% gap
VITL
28.7%
-24.5%
DHT
Higher net margin
DHT
DHT
34.1% more per $
DHT
41.7%
7.6%
VITL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
VITL
VITL
Revenue
$107.3M
$213.6M
Net Profit
$44.8M
$16.3M
Gross Margin
35.8%
Operating Margin
44.2%
10.0%
Net Margin
41.7%
7.6%
Revenue YoY
-24.5%
28.7%
Net Profit YoY
27.3%
54.3%
EPS (diluted)
$0.28
$0.35

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
VITL
VITL
Q4 25
$213.6M
Q3 25
$107.3M
$198.9M
Q2 25
$184.8M
Q1 25
$162.2M
Q4 24
$166.0M
Q3 24
$142.1M
$145.0M
Q2 24
$147.4M
Q1 24
$147.9M
Net Profit
DHT
DHT
VITL
VITL
Q4 25
$16.3M
Q3 25
$44.8M
$16.4M
Q2 25
$16.6M
Q1 25
$16.9M
Q4 24
$10.6M
Q3 24
$35.2M
$7.4M
Q2 24
$16.3M
Q1 24
$19.0M
Gross Margin
DHT
DHT
VITL
VITL
Q4 25
35.8%
Q3 25
37.7%
Q2 25
38.9%
Q1 25
38.5%
Q4 24
36.1%
Q3 24
36.9%
Q2 24
39.1%
Q1 24
39.8%
Operating Margin
DHT
DHT
VITL
VITL
Q4 25
10.0%
Q3 25
44.2%
10.8%
Q2 25
12.9%
Q1 25
13.4%
Q4 24
7.8%
Q3 24
29.7%
6.4%
Q2 24
11.6%
Q1 24
16.3%
Net Margin
DHT
DHT
VITL
VITL
Q4 25
7.6%
Q3 25
41.7%
8.3%
Q2 25
9.0%
Q1 25
10.4%
Q4 24
6.4%
Q3 24
24.8%
5.1%
Q2 24
11.1%
Q1 24
12.9%
EPS (diluted)
DHT
DHT
VITL
VITL
Q4 25
$0.35
Q3 25
$0.28
$0.36
Q2 25
$0.36
Q1 25
$0.37
Q4 24
$0.23
Q3 24
$0.22
$0.16
Q2 24
$0.36
Q1 24
$0.43

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
VITL
VITL
Cash + ST InvestmentsLiquidity on hand
$81.3M
$48.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$351.3M
Total Assets
$1.4B
$518.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
VITL
VITL
Q4 25
$48.8M
Q3 25
$81.3M
$93.8M
Q2 25
$108.2M
Q1 25
$156.3M
Q4 24
$150.6M
Q3 24
$73.8M
$149.5M
Q2 24
$133.2M
Q1 24
$113.8M
Stockholders' Equity
DHT
DHT
VITL
VITL
Q4 25
$351.3M
Q3 25
$1.1B
$331.2M
Q2 25
$309.8M
Q1 25
$288.9M
Q4 24
$269.3M
Q3 24
$1.0B
$253.4M
Q2 24
$238.4M
Q1 24
$213.3M
Total Assets
DHT
DHT
VITL
VITL
Q4 25
$518.7M
Q3 25
$1.4B
$481.5M
Q2 25
$430.8M
Q1 25
$376.9M
Q4 24
$359.3M
Q3 24
$1.5B
$344.7M
Q2 24
$320.5M
Q1 24
$300.2M

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
VITL
VITL
Operating Cash FlowLast quarter
$60.9M
$5.8M
Free Cash FlowOCF − Capex
$-32.1M
FCF MarginFCF / Revenue
-15.1%
Capex IntensityCapex / Revenue
17.8%
Cash ConversionOCF / Net Profit
1.36×
0.35×
TTM Free Cash FlowTrailing 4 quarters
$-48.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
VITL
VITL
Q4 25
$5.8M
Q3 25
$60.9M
$23.4M
Q2 25
$-761.0K
Q1 25
$5.3M
Q4 24
$14.8M
Q3 24
$80.1M
$10.0M
Q2 24
$16.1M
Q1 24
$23.9M
Free Cash Flow
DHT
DHT
VITL
VITL
Q4 25
$-32.1M
Q3 25
$-10.6M
Q2 25
$-7.6M
Q1 25
$2.1M
Q4 24
$-3.4M
Q3 24
$6.4M
Q2 24
$10.5M
Q1 24
$22.6M
FCF Margin
DHT
DHT
VITL
VITL
Q4 25
-15.1%
Q3 25
-5.3%
Q2 25
-4.1%
Q1 25
1.3%
Q4 24
-2.0%
Q3 24
4.4%
Q2 24
7.2%
Q1 24
15.3%
Capex Intensity
DHT
DHT
VITL
VITL
Q4 25
17.8%
Q3 25
17.1%
Q2 25
3.7%
Q1 25
1.9%
Q4 24
10.9%
Q3 24
2.5%
Q2 24
3.8%
Q1 24
0.9%
Cash Conversion
DHT
DHT
VITL
VITL
Q4 25
0.35×
Q3 25
1.36×
1.43×
Q2 25
-0.05×
Q1 25
0.31×
Q4 24
1.40×
Q3 24
2.28×
1.34×
Q2 24
0.99×
Q1 24
1.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

VITL
VITL

Eggs And Egg Related Products$205.8M96%
Butter And Butter Related Products$7.7M4%

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