DHT Holdings, Inc. (DHT) Income Statement
DHT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDHT revenue and net income
Where DHT's revenue goes
2025Each bar shows an amount and its share of revenue. DHT kept 42.5% of revenue as net income.
DHT profit margins
DHT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −13.0% | +3.1% | −6.4% | +3.1% |
| Gross profit | −39.5% | +38.4% | −11.2% | +1.9% |
| Operating income | −19.4% | +31.8% | −11.5% | +2.3% |
| Net income | +16.4% | +50.8% | −4.5% | +7.2% |
| EPS (diluted) | +26.3% | +88.2% | −6.5% | +2.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DHT quarterly EPS vs estimates
DHT beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026.
DHT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $497.2M | $571.8M | $560.6M | $454.1M | $295.9M | $691.0M | $535.1M | $375.9M | $355.1M | $356.0M |
| Cost of revenue | $307.5M | $258.2M | $350.0M | $382.6M | $298.9M | $347.0M | $381.4M | $341.2M | $282.5M | $211.5M |
| Gross profit | $189.7M | $313.6M | $210.6M | $71.6M | −$3.0M | $344.0M | $153.7M | $34.8M | $72.6M | $144.5M |
| Sales, general & admin | $19.9M | $18.9M | $17.4M | $16.9M | $16.6M | $17.9M | $14.8M | $15.1M | $17.2M | $19.4M |
| Total operating expenses | $19.9M | $102.9M | $17.4M | −$2.6M | −$3.2M | $30.5M | $14.8M | $15.1M | $17.2M | $19.4M |
| Operating income | $169.9M | $210.6M | $193.1M | $74.2M | $202,000 | $313.6M | $138.9M | $16.3M | $43.3M | $40.5M |
| Interest income | $11.2M | $3.9M | $4.5M | $1.1M | $6,000 | $212,000 | $63.3M | $58.2M | $37.0M | $31.1M |
| Interest expense | $14.2M | $30.4M | $33.1M | $26.2M | $25.7M | $38.4M | $55.3M | $54.2M | $40.1M | $35.1M |
| Income before taxes | $211.4M | $182.1M | $162.0M | $62.6M | −$11.1M | $267.2M | $73.0M | −$46.8M | $6.7M | $9.4M |
| Income taxes | $413,000 | $608,000 | $649,000 | $587,000 | $360,000 | $900,000 | $131,000 | $83,000 | $131,000 | $95,000 |
| Net income | $211.1M | $181.4M | $161.4M | $61.5M | −$11.5M | $266.3M | $73.7M | −$46.9M | $6.6M | $9.3M |
| EBITDA | $331.9M | $324.4M | $304.0M | $212.0M | $143.2M | $429.8M | $244.7M | $110.0M | $152.1M | $209.4M |
| EPS (diluted) | $1.20 | $0.95 | $1.00 | $0.18 | −$0.23 | $1.68 | $0.53 | −$0.24 | $0.21 | $0.85 |
| Gross margin | 38.2% | 54.8% | 37.6% | 15.8% | −1.0% | 49.8% | 28.7% | 9.2% | 20.4% | 40.6% |
| Operating margin | 34.2% | 36.8% | 34.4% | 16.3% | 0.1% | 45.4% | 26.0% | 4.3% | 12.2% | 11.4% |
| Net margin | 42.5% | 31.7% | 28.8% | 13.5% | −3.9% | 38.5% | 13.8% | −12.5% | 1.9% | 2.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $285.0M | $186.5M | $143.9M | $107.3M | $128.3M | $118.6M | $131.4M | $142.1M | $151.2M | $147.0M | $142.3M | $131.6M |
| Cost of revenue | $76.2M | $73.9M | $70.2M | $72.5M | $80.9M | $83.9M | $65.2M | $95.7M | $94.6M | $87.0M | $95.0M | $88.2M |
| Gross profit | $208.8M | $112.6M | $73.7M | $34.9M | $47.4M | $34.6M | $66.2M | $46.4M | $56.6M | $60.1M | $47.3M | $43.4M |
| Sales, general & admin | $5.6M | $5.0M | $5.6M | $4.1M | $4.6M | $5.5M | $5.6M | $4.2M | $4.5M | $4.7M | $4.0M | $4.3M |
| Total operating expenses | $5.6M | $5.0M | $5.6M | −$12.5M | −$12.9M | −$14.2M | $5.3M | $4.2M | $4.5M | $4.7M | $4.0M | $4.3M |
| Operating income | $203.2M | $107.7M | $68.1M | $47.4M | $60.3M | $48.9M | $60.9M | $42.3M | $52.1M | $55.4M | $43.3M | $39.1M |
| Interest income | $1.0M | $784,000 | $1.5M | $936,000 | $820,000 | $793,000 | $857,000 | $1.0M | $935,000 | $1.1M | $908,000 | $1.2M |
| Interest expense | $6.4M | $4.4M | $2.3M | $2.6M | $4.2M | $5.1M | $6.4M | $7.3M | $7.9M | $8.8M | $9.2M | $8.8M |
| Income before taxes | $198.4M | $164.7M | $66.3M | $44.9M | $56.1M | $44.1M | $54.9M | $35.3M | $44.6M | $47.3M | $35.5M | $31.1M |
| Income taxes | $62,000 | $126,000 | $207,000 | $93,000 | $29,000 | $84,000 | $194,000 | $79,000 | $129,000 | $206,000 | $226,000 | $137,000 |
| Net income | $198.3M | $164.5M | $66.1M | $44.8M | $56.1M | $44.1M | $54.9M | $35.2M | $44.3M | $46.9M | $35.4M | $30.8M |
| EBITDA | $232.6M | $194.7M | $95.6M | $73.5M | $86.4M | $76.5M | $88.9M | $70.7M | $80.4M | $84.3M | $72.9M | $68.2M |
| EPS (diluted) | $1.22 | $0.64 | $0.41 | $0.28 | $0.24 | $0.27 | $0.17 | $0.22 | $0.27 | $0.29 | $0.22 | $0.19 |
| Gross margin | 73.3% | 60.4% | 51.2% | 32.5% | 37.0% | 29.2% | 50.4% | 32.7% | 37.4% | 40.9% | 33.3% | 33.0% |
| Operating margin | 71.3% | 57.7% | 47.3% | 44.2% | 47.0% | 41.2% | 46.3% | 29.7% | 34.4% | 37.7% | 30.5% | 29.7% |
| Net margin | 69.6% | 88.2% | 45.9% | 41.7% | 43.7% | 37.2% | 41.8% | 24.8% | 29.3% | 31.9% | 24.9% | 23.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DHT's financial statements (latest annual report filed March 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DHT financial results
In fiscal year 2025 (ended December 31, 2025), DHT reported revenue of $497.2 million, down 13.0% from the year before. It had net income of $211.1 million (up 16.4%), a net profit margin of 42.5%. Diluted earnings per share came to $1.20. Over five years revenue grew at an average rate of −6.4% a year.
See the DHT stock overview for the latest quote and news, or the DHT chart for price history and technical indicators.
DHT income statement FAQ
What is DHT's annual revenue?
DHT reported total revenue of $497.2 million for fiscal year 2025, which ended on December 31, 2025. That was down 13.0% from $571.8 million the previous year.
Is DHT profitable?
Yes. DHT reported net income of $211.1 million in fiscal 2025, a net profit margin of 42.5%; its operating margin was 34.2%.
What is DHT's gross margin?
DHT's gross margin was 38.2% in fiscal 2025: for every $100 of revenue, DHT kept $38 after the direct cost of its products and services.
How fast is DHT growing?
Revenue grew −6.4% a year on average over the last five fiscal years, from $691.0 million to $497.2 million.
What are DHT's earnings per share?
DHT earned $1.20 per diluted share in fiscal 2025, compared with $0.95 a year earlier.
When will DHT report its next earnings?
DHT is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does DHT's fiscal year end?
DHT's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 19, 2026.