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

DHT Holdings, Inc. is the larger business by last-quarter revenue ($107.3M vs $63.3M, roughly 1.7× WESTAMERICA BANCORPORATION). WESTAMERICA BANCORPORATION runs the higher net margin — 43.9% vs 41.7%, a 2.2% gap on every dollar of revenue. On growth, WESTAMERICA BANCORPORATION posted the faster year-over-year revenue change (-9.0% 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.

Westamerica Bancorporation is a regional bank holding company headquartered in California, U.S. It operates via its wholly owned banking subsidiary to provide full-spectrum retail and commercial banking services, including deposit products, business and consumer loans, wealth management, and payment services, primarily serving individual consumers, SMEs and local institutional clients in northern and central California.

DHT vs WABC — Head-to-Head

Bigger by revenue
DHT
DHT
1.7× larger
DHT
$107.3M
$63.3M
WABC
Growing faster (revenue YoY)
WABC
WABC
+15.5% gap
WABC
-9.0%
-24.5%
DHT
Higher net margin
WABC
WABC
2.2% more per $
WABC
43.9%
41.7%
DHT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
WABC
WABC
Revenue
$107.3M
$63.3M
Net Profit
$44.8M
$27.8M
Gross Margin
Operating Margin
44.2%
59.8%
Net Margin
41.7%
43.9%
Revenue YoY
-24.5%
-9.0%
Net Profit YoY
27.3%
-12.3%
EPS (diluted)
$0.28
$1.12

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
WABC
WABC
Q4 25
$63.3M
Q3 25
$107.3M
$63.7M
Q2 25
$64.6M
Q1 25
$66.4M
Q4 24
$69.6M
Q3 24
$142.1M
$74.1M
Q2 24
$74.3M
Q1 24
$75.8M
Net Profit
DHT
DHT
WABC
WABC
Q4 25
$27.8M
Q3 25
$44.8M
$28.3M
Q2 25
$29.1M
Q1 25
$31.0M
Q4 24
$31.7M
Q3 24
$35.2M
$35.1M
Q2 24
$35.5M
Q1 24
$36.4M
Operating Margin
DHT
DHT
WABC
WABC
Q4 25
59.8%
Q3 25
44.2%
59.5%
Q2 25
60.5%
Q1 25
63.0%
Q4 24
62.8%
Q3 24
29.7%
64.5%
Q2 24
64.8%
Q1 24
65.2%
Net Margin
DHT
DHT
WABC
WABC
Q4 25
43.9%
Q3 25
41.7%
44.3%
Q2 25
45.0%
Q1 25
46.7%
Q4 24
45.6%
Q3 24
24.8%
47.3%
Q2 24
47.8%
Q1 24
48.0%
EPS (diluted)
DHT
DHT
WABC
WABC
Q4 25
$1.12
Q3 25
$0.28
$1.12
Q2 25
$1.12
Q1 25
$1.16
Q4 24
$1.19
Q3 24
$0.22
$1.31
Q2 24
$1.33
Q1 24
$1.37

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
WABC
WABC
Cash + ST InvestmentsLiquidity on hand
$81.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$933.5M
Total Assets
$1.4B
$6.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
WABC
WABC
Q4 25
Q3 25
$81.3M
Q2 25
Q1 25
Q4 24
Q3 24
$73.8M
Q2 24
Q1 24
Stockholders' Equity
DHT
DHT
WABC
WABC
Q4 25
$933.5M
Q3 25
$1.1B
$931.6M
Q2 25
$921.8M
Q1 25
$923.1M
Q4 24
$890.0M
Q3 24
$1.0B
$909.0M
Q2 24
$815.6M
Q1 24
$791.7M
Total Assets
DHT
DHT
WABC
WABC
Q4 25
$6.0B
Q3 25
$1.4B
$5.9B
Q2 25
$5.8B
Q1 25
$6.0B
Q4 24
$6.1B
Q3 24
$1.5B
$6.2B
Q2 24
$6.3B
Q1 24
$6.5B

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
WABC
WABC
Operating Cash FlowLast quarter
$60.9M
$121.9M
Free Cash FlowOCF − Capex
$119.7M
FCF MarginFCF / Revenue
189.0%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
1.36×
4.38×
TTM Free Cash FlowTrailing 4 quarters
$213.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
WABC
WABC
Q4 25
$121.9M
Q3 25
$60.9M
$29.4M
Q2 25
$23.5M
Q1 25
$42.4M
Q4 24
$141.6M
Q3 24
$80.1M
$40.6M
Q2 24
$19.0M
Q1 24
$52.2M
Free Cash Flow
DHT
DHT
WABC
WABC
Q4 25
$119.7M
Q3 25
$28.7M
Q2 25
$22.8M
Q1 25
$42.2M
Q4 24
$139.8M
Q3 24
$40.1M
Q2 24
$18.6M
Q1 24
$52.1M
FCF Margin
DHT
DHT
WABC
WABC
Q4 25
189.0%
Q3 25
45.1%
Q2 25
35.3%
Q1 25
63.5%
Q4 24
201.0%
Q3 24
54.1%
Q2 24
25.0%
Q1 24
68.7%
Capex Intensity
DHT
DHT
WABC
WABC
Q4 25
3.5%
Q3 25
1.1%
Q2 25
1.1%
Q1 25
0.3%
Q4 24
2.5%
Q3 24
0.7%
Q2 24
0.6%
Q1 24
0.2%
Cash Conversion
DHT
DHT
WABC
WABC
Q4 25
4.38×
Q3 25
1.36×
1.04×
Q2 25
0.81×
Q1 25
1.37×
Q4 24
4.47×
Q3 24
2.28×
1.16×
Q2 24
0.54×
Q1 24
1.43×

Financial Flow Comparison

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

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