DHT Holdings, Inc. (DHT)

DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India. The company also offers technical management services. As of December 15, 2025, it had a fleet of 22 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

Ticker
DHT
Exchange
NYSE
Sector
Energy
Industry
Oil & Gas Midstream
Market cap
$3.33B
52-week range
$11.64 - $26.91

Valuation

Share price
$20.68 (close of Nov 6, 2026)
P/E (TTM)
7.03x
Price to book
2.51x
Price to free cash flow
12.02x
Enterprise value
$3.61B
Book value per share
$8.25

Price performance

PeriodChange
1 day+0.98%
5 days-17.35%
1 month-12.07%
3 months+12.70%
6 months+9.19%
Year to date+69.37%
1 year+56.31%
3 years+84.15%
5 years+229.82%
10 years+463.49%
All time-85.70%

Short interest

As of
Oct 15, 2026
Short % of float
10.89%
Shares short
14.75M
Days to cover
2.64
Change since prior report
+3.02%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
18.63%
Return on invested capital
14.37%
Return on assets
13.17%
Return on capital employed
14.72%
Gross margin
49.13%
Net margin
42.35%
EBITDA margin
66.48%
Revenue growth
-12.83%
Net income growth
16.38%
Free cash flow growth
-7.37%

Cash flow and balance sheet

Free cash flow yield (TTM)
8.32%
Current ratio
3.64x
Net debt to EBITDA
0.46x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$498.40M
Cost of revenue
$253.54M
Gross profit
$244.86M
EBITDA
$331.34M
Net income
$211.09M
Earnings per share
$1.31
Shares outstanding
160.69M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$498.40M$244.86M$211.09M$1.31
2024-12-31$571.77M$229.58M$181.38M$1.12
2023-12-31$560.56M$210.56M$161.35M$0.99
2022-12-31$454.15M$91.09M$61.52M$0.37
2021-12-31$295.85M$16.77M-$11.52M-$0.07
2020-12-31$691.04M-$266.27M$1.71
2019-12-31$535.07M-$73.68M$0.51
2018-12-31$375.94M--$46.93M-$0.33
2017-12-31$355.05M-$6.60M$0.05
2016-12-31--$9.26M$0.10

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3149.13%42.35%18.63%14.37%
2024-12-3140.15%31.72%17.39%14.45%
2023-12-3137.56%28.78%15.64%13.17%
2022-12-3120.06%13.55%5.73%5.00%
2021-12-315.67%-3.89%-1.10%0.01%
2020-12-31-38.53%24.01%20.06%
2019-12-31-13.77%7.90%7.77%
2018-12-31--12.48%-5.45%0.89%
2017-12-31-1.86%0.71%2.52%
2016-12-31--1.35%0.67%*

* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.

Cash and debt by year

Period endCashDebt
2025-12-31$79.03M$389.24M
2024-12-31$78.14M$330.77M
2023-12-31$74.74M$398.43M
2022-12-31$125.95M$367.07M
2021-12-31$60.66M$512.51M
2020-12-31$68.64M$446.56M
2019-12-31$67.36M$750.59M
2018-12-31$94.94M$873.46M
2017-12-31$77.29M$721.15M
2016-12-31$109.30M$643.97M

Free cash flow by year

Period endFree cash flow
2025-12-31$276.65M
2024-12-31$298.65M
2023-12-31$251.41M
2022-12-31$127.91M
2021-12-31$60.51M
2020-12-31$529.43M
2019-12-31$155.88M
2018-12-31$53.90M
2017-12-31$101.62M

Dividend history

Most recent payment
Aug 17, 2026
Payment dateDividend per share
2026-08-17$1.22
2026-05-21$0.64
2026-02-19$0.41
2025-05-21$0.15
2025-02-18$0.17
2024-11-22$0.22
2024-08-23$0.27
2024-05-23$0.29

Investor relations

Next earnings report

Next confirmed report
Nov 9, 2026

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-05Jun 2026-
2026-05-05Mar 2026-
2026-02-04Dec 2025-
2025-10-29Sep 2025-
2025-08-06Jun 2025$0.23
2025-05-06Mar 2025$0.15
2025-02-05Dec 2024$0.18
2024-11-12Sep 2024$0.21

Filings and sources

Company website
dhtankers.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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