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Side-by-side financial comparison of DHT Holdings, Inc. (DHT) and WD 40 CO (WDFC). Click either name above to swap in a different company.

WD 40 CO is the larger business by last-quarter revenue ($154.4M vs $107.3M, roughly 1.4× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 11.3%, a 30.4% gap on every dollar of revenue. On growth, WD 40 CO posted the faster year-over-year revenue change (0.6% 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.

WD-40 Company is a global consumer and industrial goods manufacturer best known for its signature multi-purpose lubricant of the same name. Its product portfolio includes cleaners, degreasers, rust removers and specialty lubricants, serving retail, industrial and automotive markets across more than 170 countries and regions worldwide.

DHT vs WDFC — Head-to-Head

Bigger by revenue
WDFC
WDFC
1.4× larger
WDFC
$154.4M
$107.3M
DHT
Growing faster (revenue YoY)
WDFC
WDFC
+25.1% gap
WDFC
0.6%
-24.5%
DHT
Higher net margin
DHT
DHT
30.4% more per $
DHT
41.7%
11.3%
WDFC

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
DHT
DHT
WDFC
WDFC
Revenue
$107.3M
$154.4M
Net Profit
$44.8M
$17.5M
Gross Margin
56.2%
Operating Margin
44.2%
15.1%
Net Margin
41.7%
11.3%
Revenue YoY
-24.5%
0.6%
Net Profit YoY
27.3%
-7.8%
EPS (diluted)
$0.28
$1.28

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
WDFC
WDFC
Q4 25
$154.4M
Q3 25
$107.3M
$163.5M
Q2 25
$156.9M
Q1 25
$146.1M
Q4 24
$153.5M
Q3 24
$142.1M
$156.0M
Q2 24
$155.0M
Q1 24
$139.1M
Net Profit
DHT
DHT
WDFC
WDFC
Q4 25
$17.5M
Q3 25
$44.8M
$21.2M
Q2 25
$21.0M
Q1 25
$29.9M
Q4 24
$18.9M
Q3 24
$35.2M
$16.8M
Q2 24
$19.8M
Q1 24
$15.5M
Gross Margin
DHT
DHT
WDFC
WDFC
Q4 25
56.2%
Q3 25
54.7%
Q2 25
56.2%
Q1 25
54.6%
Q4 24
54.8%
Q3 24
54.1%
Q2 24
53.1%
Q1 24
52.4%
Operating Margin
DHT
DHT
WDFC
WDFC
Q4 25
15.1%
Q3 25
44.2%
17.1%
Q2 25
17.4%
Q1 25
15.9%
Q4 24
16.4%
Q3 24
29.7%
15.4%
Q2 24
17.5%
Q1 24
15.1%
Net Margin
DHT
DHT
WDFC
WDFC
Q4 25
11.3%
Q3 25
41.7%
13.0%
Q2 25
13.4%
Q1 25
20.4%
Q4 24
12.3%
Q3 24
24.8%
10.8%
Q2 24
12.8%
Q1 24
11.2%
EPS (diluted)
DHT
DHT
WDFC
WDFC
Q4 25
$1.28
Q3 25
$0.28
$1.57
Q2 25
$1.54
Q1 25
$2.19
Q4 24
$1.39
Q3 24
$0.22
$1.23
Q2 24
$1.46
Q1 24
$1.14

Balance Sheet & Financial Strength

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

Metric
DHT
DHT
WDFC
WDFC
Cash + ST InvestmentsLiquidity on hand
$81.3M
$48.6M
Total DebtLower is stronger
$85.7M
Stockholders' EquityBook value
$1.1B
$264.1M
Total Assets
$1.4B
$459.7M
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
WDFC
WDFC
Q4 25
$48.6M
Q3 25
$81.3M
$58.1M
Q2 25
$51.7M
Q1 25
$53.0M
Q4 24
$54.9M
Q3 24
$73.8M
$46.7M
Q2 24
$45.3M
Q1 24
$55.4M
Total Debt
DHT
DHT
WDFC
WDFC
Q4 25
$85.7M
Q3 25
$86.2M
Q2 25
$85.6M
Q1 25
$84.4M
Q4 24
$84.6M
Q3 24
$86.0M
Q2 24
$85.5M
Q1 24
$85.9M
Stockholders' Equity
DHT
DHT
WDFC
WDFC
Q4 25
$264.1M
Q3 25
$1.1B
$268.2M
Q2 25
$257.1M
Q1 25
$242.1M
Q4 24
$226.3M
Q3 24
$1.0B
$230.5M
Q2 24
$222.2M
Q1 24
$216.3M
Total Assets
DHT
DHT
WDFC
WDFC
Q4 25
$459.7M
Q3 25
$1.4B
$475.8M
Q2 25
$456.0M
Q1 25
$458.3M
Q4 24
$447.3M
Q3 24
$1.5B
$449.0M
Q2 24
$443.6M
Q1 24
$442.0M
Debt / Equity
DHT
DHT
WDFC
WDFC
Q4 25
0.32×
Q3 25
0.32×
Q2 25
0.33×
Q1 25
0.35×
Q4 24
0.37×
Q3 24
0.37×
Q2 24
0.38×
Q1 24
0.40×

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
WDFC
WDFC
Operating Cash FlowLast quarter
$60.9M
$10.0M
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
1.36×
0.57×
TTM Free Cash FlowTrailing 4 quarters
$78.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
WDFC
WDFC
Q4 25
$10.0M
Q3 25
$60.9M
$29.9M
Q2 25
$35.1M
Q1 25
$8.0M
Q4 24
$14.9M
Q3 24
$80.1M
$27.2M
Q2 24
$19.9M
Q1 24
$18.0M
Free Cash Flow
DHT
DHT
WDFC
WDFC
Q4 25
$9.1M
Q3 25
$28.6M
Q2 25
$34.0M
Q1 25
$6.6M
Q4 24
$14.2M
Q3 24
$26.4M
Q2 24
$18.7M
Q1 24
$16.7M
FCF Margin
DHT
DHT
WDFC
WDFC
Q4 25
5.9%
Q3 25
17.5%
Q2 25
21.6%
Q1 25
4.5%
Q4 24
9.3%
Q3 24
16.9%
Q2 24
12.0%
Q1 24
12.0%
Capex Intensity
DHT
DHT
WDFC
WDFC
Q4 25
0.6%
Q3 25
0.8%
Q2 25
0.7%
Q1 25
0.9%
Q4 24
0.5%
Q3 24
0.5%
Q2 24
0.8%
Q1 24
0.9%
Cash Conversion
DHT
DHT
WDFC
WDFC
Q4 25
0.57×
Q3 25
1.36×
1.41×
Q2 25
1.67×
Q1 25
0.27×
Q4 24
0.79×
Q3 24
2.28×
1.62×
Q2 24
1.00×
Q1 24
1.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHT
DHT

Segment breakdown not available.

WDFC
WDFC

Other$82.6M53%
WD40Multi Use Product$56.0M36%
WD40Specialist$9.0M6%
Other Maintenance Products$4.0M3%
Homecare And Cleaning Products$2.7M2%

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