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DHT Holdings, Inc.

DHT Clue Score65
Marshall Islands Fiscal year ends December CIK 0001331284
$24.64 -1.16% Close, 9 Oct 2026
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Price $24.64 +271.64% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Net income9.3EPS, diluted0.10Fiscal year 2017Revenue355.1Operating income43.3Net income6.6 −28.7%EPS, diluted0.05Fiscal year 2018Revenue375.9 +5.9%Operating income16.3Net income−46.9 −810.8%EPS, diluted−0.33Fiscal year 2019Revenue535.1 +42.3%Operating income138.9Net income73.7EPS, diluted0.51Fiscal year 2020Revenue691.0 +29.1%Operating income313.6Net income266.3 +261.4%EPS, diluted1.61Fiscal year 2021Revenue295.9 −57.2%Operating income0.2Net income−11.5 −104.3%EPS, diluted−0.07Fiscal year 2022Revenue454.1 +53.5%Operating income74.2Net income61.5EPS, diluted0.37Fiscal year 2023Revenue560.6 +23.4%Operating income193.1Net income161.4 +162.3%EPS, diluted0.99Fiscal year 2024Revenue571.8 +2.0%Operating income210.6Net income181.4 +12.4%EPS, diluted1.12Fiscal year 2025Revenue498.4 −12.8%Operating income225.0Net income211.1 +16.4%EPS, diluted1.31
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a 355.1 375.9 535.1 691.0 295.9 454.1 560.6 571.8 498.4
Growth +5.9% +42.3% +29.1% −57.2% +53.5% +23.4% +2.0% −12.8%
Operating income n/a 43.3 16.3 138.9 313.6 0.2 74.2 193.1 210.6 225.0
Net income 9.3 6.6 −46.9 73.7 266.3 −11.5 61.5 161.4 181.4 211.1
Growth −28.7% −810.8% +261.4% −104.3% +162.3% +12.4% +16.4%
EPS, diluted 0.10 0.05 −0.33 0.51 1.61 −0.07 0.37 0.99 1.12 1.31

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Fiscal year 2017Operating margin12.2%Net margin1.9%Free cash flow margin28.6%Fiscal year 2018Operating margin4.3%Net margin−12.5%Free cash flow margin14.3%Fiscal year 2019Operating margin26.0%Net margin13.8%Free cash flow margin29.1%Fiscal year 2020Operating margin45.4%Net margin38.5%Free cash flow margin76.6%Fiscal year 2021Operating margin0.1%Net margin−3.9%Free cash flow margin20.5%Fiscal year 2022Operating margin16.3%Net margin13.5%Fiscal year 2023Operating margin34.4%Net margin28.8%Fiscal year 2024Operating margin36.8%Net margin31.7%Fiscal year 2025Operating margin45.1%Net margin42.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin n/a 12.2% 4.3% 26.0% 45.4% 0.1% 16.3% 34.4% 36.8% 45.1%
Net margin n/a 1.9% −12.5% 13.8% 38.5% −3.9% 13.5% 28.8% 31.7% 42.4%
Free cash flow margin n/a 28.6% 14.3% 29.1% 76.6% 20.5% n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Capital expenditure0.1Dividends paid−66.4Fiscal year 2017Operating cash flow101.8Capital expenditure−0.2Free cash flow101.6Dividends paid−23.3Fiscal year 2018Operating cash flow54.0Capital expenditure−0.1Free cash flow53.9 −47.0%Dividends paid−11.5Fiscal year 2019Operating cash flow156.0Capital expenditure−0.1Free cash flow155.9 +189.2%Dividends paid−28.7Fiscal year 2020Operating cash flow529.9Capital expenditure−0.4Free cash flow529.4 +239.6%Dividends paid−214.7Fiscal year 2021Operating cash flow60.6Capital expenditure−0.0Free cash flow60.5 −88.6%Dividends paid−22.1Fiscal year 2022Operating cash flow127.9Dividends paid−19.7Fiscal year 2023Operating cash flow251.4Dividends paid−186.7Fiscal year 2024Operating cash flow298.7Dividends paid−161.4Fiscal year 2025Operating cash flow276.7Dividends paid−118.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow n/a 101.8 54.0 156.0 529.9 60.6 127.9 251.4 298.7 276.7
Capital expenditure 0.1 −0.2 −0.1 −0.1 −0.4 −0.0 n/a n/a n/a n/a
Free cash flow n/a 101.6 53.9 155.9 529.4 60.5 n/a n/a n/a n/a
Growth −47.0% +189.2% +239.6% −88.6%
Dividends paid −66.4 −23.3 −11.5 −28.7 −214.7 −22.1 −19.7 −186.7 −161.4 −118.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash109.3Total debt701.5Net cash (debt)−592.2Shareholders’ equity685.0Debt to equity1.02Fiscal year 2017Cash77.3Total debt786.2Net cash (debt)−708.9Shareholders’ equity925.9Debt to equity0.85Fiscal year 2018Cash94.9Total debt967.3Net cash (debt)−872.3Shareholders’ equity861.7Debt to equity1.12Fiscal year 2019Cash67.4Total debt851.0Net cash (debt)−783.6Shareholders’ equity932.4Debt to equity0.91Fiscal year 2020Cash68.6Total debt450.0Net cash (debt)−381.3Shareholders’ equity1,108.9Debt to equity0.41Fiscal year 2021Cash60.7Total debt522.3Net cash (debt)−461.6Shareholders’ equity1,047.3Debt to equity0.50Fiscal year 2022Cash125.9Total debt396.7Net cash (debt)−270.7Shareholders’ equity1,068.5Debt to equity0.37Fiscal year 2023Cash74.7Total debt428.7Net cash (debt)−354.0Shareholders’ equity1,027.2Debt to equity0.42Fiscal year 2024Cash78.1Total debt409.4Net cash (debt)−331.3Shareholders’ equity1,038.2Debt to equity0.39Fiscal year 2025Cash79.0Total debt428.7Net cash (debt)−349.7Shareholders’ equity1,133.2Debt to equity0.38
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 109.3 77.3 94.9 67.4 68.6 60.7 125.9 74.7 78.1 79.0
Total debt 701.5 786.2 967.3 851.0 450.0 522.3 396.7 428.7 409.4 428.7
Net cash (debt) −592.2 −708.9 −872.3 −783.6 −381.3 −461.6 −270.7 −354.0 −331.3 −349.7
Shareholders’ equity 685.0 925.9 861.7 932.4 1,108.9 1,047.3 1,068.5 1,027.2 1,038.2 1,133.2
Debt to equity 1.02 0.85 1.12 0.91 0.41 0.50 0.37 0.42 0.39 0.38

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017† 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
n/a 355.1 375.9 535.1 691.0 295.9 454.1 560.6 571.8 498.4
Growth +5.9% +42.3% +29.1% −57.2% +53.5% +23.4% +2.0% −12.8%
19.4 17.2 15.1 14.8 17.9 16.6 16.9 17.4 18.9 19.9
n/a 43.3 16.3 138.9 313.6 0.2 74.2 193.1 210.6 225.0
Growth −62.4% +752.1% +125.8% −99.9% +36,634.7% +160.2% +9.1% +6.8%
9.4 6.7 −46.8 73.8 267.2 −11.1 62.6 162.0 182.1 211.4
n/a 0.1 0.1 0.1 0.9 0.4 0.6 0.6 0.6 0.4
9.3 6.6 −46.9 73.7 266.3 −11.5 61.5 161.4 181.4 211.1
Growth −28.7% −810.8% +261.4% −104.3% +162.3% +12.4% +16.4%
Per share
0.10 0.05 −0.33 0.51 1.71 −0.07 0.37 0.99 1.12 1.31
0.10 0.05 −0.33 0.51 1.61 −0.07 0.37 0.99 1.12 1.31
Growth −50.0% −760.0% +215.7% −104.3% +167.6% +13.1% +17.0%
93,383 124.5 143.4 143.4 155.7 169.1 164.7 162.2 161.4 160.7
93,390 124.5 143.4 168.2 170.1 169.1 164.9 162.4 161.4 160.8
Growth −99.9% +15.2% +17.2% +1.1% −0.6% −2.5% −1.5% −0.6% −0.4%

† The diluted share count jumps at 2017, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 6.3% a year over five years.
  • Operating margin is flat at 45.1%.
  • A net loss in 2 of 10 years on file.