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NAT vs DHT
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
NAT vs DHT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Marine Shipping | Oil & Gas Midstream |
| Market Cap | $1.22B | $3.05B |
| Revenue (TTM) | $281M | $498M |
| Net Income (TTM) | $2M | $211M |
| Gross Margin | 16.6% | 38.3% |
| Operating Margin | 6.2% | 45.1% |
| Forward P/E | 10.3x | 7.0x |
| Total Debt | $270M | $429M |
| Cash & Equiv. | $39M | $79M |
NAT vs DHT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Nordic American Tan… (NAT) | 100 | 126.3 | +26.3% |
| DHT Holdings, Inc. (DHT) | 100 | 318.9 | +218.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NAT vs DHT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NAT is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.27, yield 7.2%
- Rev growth -10.7%, EPS growth -53.2%, 3Y rev CAGR 21.3%
- -10.7% revenue growth vs DHT's -13.0%
DHT carries the broadest edge in this set and is the clearest fit for long-term compounding and sleep-well-at-night.
- 334.7% 10Y total return vs NAT's -38.2%
- Lower volatility, beta 0.27, Low D/E 37.8%, current ratio 2.80x
- Beta 0.27, yield 3.9%, current ratio 2.80x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -10.7% revenue growth vs DHT's -13.0% | |
| Value | Lower P/E (7.0x vs 10.3x) | |
| Quality / Margins | 42.4% margin vs NAT's 0.7% | |
| Stability / Safety | Beta 0.27 vs NAT's 0.27, lower leverage | |
| Dividends | 7.2% yield, vs DHT's 3.9% | |
| Momentum (1Y) | +135.5% vs DHT's +77.4% | |
| Efficiency (ROA) | 14.3% ROA vs NAT's 0.2%, ROIC 8.9% vs 7.5% |
NAT vs DHT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NAT vs DHT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
DHT leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
DHT is the larger business by revenue, generating $498M annually — 1.8x NAT's $281M. DHT is the more profitable business, keeping 42.4% of every revenue dollar as net income compared to NAT's 0.7%. On growth, DHT holds the edge at +9.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $281M | $498M |
| EBITDAEarnings before interest/tax | $75M | $331M |
| Net IncomeAfter-tax profit | $2M | $211M |
| Free Cash FlowCash after capex | -$112M | -$33M |
| Gross MarginGross profit ÷ Revenue | +16.6% | +38.3% |
| Operating MarginEBIT ÷ Revenue | +6.2% | +45.1% |
| Net MarginNet income ÷ Revenue | +0.7% | +42.4% |
| FCF MarginFCF ÷ Revenue | -39.8% | -6.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | -8.8% | +9.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -131.5% | +20.6% |
Valuation Metrics
NAT leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
At 14.5x trailing earnings, DHT trades at a 45% valuation discount to NAT's 26.2x P/E. On an enterprise value basis, NAT's 10.9x EV/EBITDA is more attractive than DHT's 12.3x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $1.2B | $3.1B |
| Enterprise ValueMkt cap + debt − cash | $1.5B | $3.4B |
| Trailing P/EPrice ÷ TTM EPS | 26.23x | 14.46x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.26x | 6.99x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 10.88x | 12.31x |
| Price / SalesMarket cap ÷ Revenue | 3.49x | 6.13x |
| Price / BookPrice ÷ Book value/share | 2.38x | 2.69x |
| Price / FCFMarket cap ÷ FCF | 9.73x | — |
Profitability & Efficiency
DHT leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
DHT delivers a 19.3% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $0 for NAT. DHT carries lower financial leverage with a 0.38x debt-to-equity ratio, signaling a more conservative balance sheet compared to NAT's 0.53x. On the Piotroski fundamental quality scale (0–9), DHT scores 7/9 vs NAT's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +0.4% | +19.3% |
| ROA (TTM)Return on assets | +0.2% | +14.3% |
| ROICReturn on invested capital | +7.5% | +8.9% |
| ROCEReturn on capital employed | +9.9% | +11.7% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 0.53x | 0.38x |
| Net DebtTotal debt minus cash | $231M | $350M |
| Cash & Equiv.Liquid assets | $39M | $79M |
| Total DebtShort + long-term debt | $270M | $429M |
| Interest CoverageEBIT ÷ Interest expense | 1.06x | 15.92x |
Total Returns (Dividends Reinvested)
DHT leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in DHT five years ago would be worth $38,557 today (with dividends reinvested), compared to $21,976 for NAT. Over the past 12 months, NAT leads with a +135.5% total return vs DHT's +77.4%. The 3-year compound annual growth rate (CAGR) favors DHT at 38.7% vs NAT's 27.1% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +76.3% | +64.8% |
| 1-Year ReturnPast 12 months | +135.5% | +77.4% |
| 3-Year ReturnCumulative with dividends | +105.2% | +166.9% |
| 5-Year ReturnCumulative with dividends | +119.8% | +285.6% |
| 10-Year ReturnCumulative with dividends | -38.2% | +334.7% |
| CAGR (3Y)Annualised 3-year return | +27.1% | +38.7% |
Risk & Volatility
DHT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
DHT is the less volatile stock with a 0.27 beta — it tends to amplify market swings less than NAT's 0.27 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.27x | 0.27x |
| 52-Week HighHighest price in past year | $6.34 | $20.55 |
| 52-Week LowLowest price in past year | $2.54 | $10.61 |
| % of 52W HighCurrent price vs 52-week peak | +91.0% | +92.2% |
| RSI (14)Momentum oscillator 0–100 | 58.1 | 61.1 |
| Avg Volume (50D)Average daily shares traded | 5.3M | 4.7M |
Analyst Outlook
NAT leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates NAT as "Hold" and DHT as "Buy". Consensus price targets imply -5.0% upside for DHT (target: $18) vs -39.3% for NAT (target: $4). For income investors, NAT offers the higher dividend yield at 7.24% vs DHT's 3.91%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $3.50 | $18.00 |
| # AnalystsCovering analysts | 19 | 16 |
| Dividend YieldAnnual dividend ÷ price | +7.2% | +3.9% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.42 | $0.74 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | 0.0% |
DHT leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). NAT leads in 2 (Valuation Metrics, Analyst Outlook).
NAT vs DHT: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NAT or DHT a better buy right now?
For growth investors, Nordic American Tankers Limited (NAT) is the stronger pick with -10.
7% revenue growth year-over-year, versus -13. 0% for DHT Holdings, Inc. (DHT). DHT Holdings, Inc. (DHT) offers the better valuation at 14. 5x trailing P/E (7. 0x forward), making it the more compelling value choice. Analysts rate DHT Holdings, Inc. (DHT) a "Buy" — based on 16 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NAT or DHT?
On trailing P/E, DHT Holdings, Inc.
(DHT) is the cheapest at 14. 5x versus Nordic American Tankers Limited at 26. 2x. On forward P/E, DHT Holdings, Inc. is actually cheaper at 7. 0x.
03Which is the better long-term investment — NAT or DHT?
Over the past 5 years, DHT Holdings, Inc.
(DHT) delivered a total return of +285. 6%, compared to +119. 8% for Nordic American Tankers Limited (NAT). Over 10 years, the gap is even starker: DHT returned +334. 7% versus NAT's -38. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NAT or DHT?
By beta (market sensitivity over 5 years), DHT Holdings, Inc.
(DHT) is the lower-risk stock at 0. 27β versus Nordic American Tankers Limited's 0. 27β — meaning NAT is approximately 0% more volatile than DHT relative to the S&P 500. On balance sheet safety, DHT Holdings, Inc. (DHT) carries a lower debt/equity ratio of 38% versus 53% for Nordic American Tankers Limited — giving it more financial flexibility in a downturn.
05Which is growing faster — NAT or DHT?
By revenue growth (latest reported year), Nordic American Tankers Limited (NAT) is pulling ahead at -10.
7% versus -13. 0% for DHT Holdings, Inc. (DHT). On earnings-per-share growth, the picture is similar: DHT Holdings, Inc. grew EPS 17. 0% year-over-year, compared to -53. 2% for Nordic American Tankers Limited. Over a 3-year CAGR, NAT leads at 21. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NAT or DHT?
DHT Holdings, Inc.
(DHT) is the more profitable company, earning 42. 5% net margin versus 13. 3% for Nordic American Tankers Limited — meaning it keeps 42. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DHT leads at 34. 2% versus 22. 1% for NAT. At the gross margin level — before operating expenses — DHT leads at 38. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NAT or DHT more undervalued right now?
On forward earnings alone, DHT Holdings, Inc.
(DHT) trades at 7. 0x forward P/E versus 10. 3x for Nordic American Tankers Limited — 3. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DHT: -5. 0% to $18. 00.
08Which pays a better dividend — NAT or DHT?
All stocks in this comparison pay dividends.
Nordic American Tankers Limited (NAT) offers the highest yield at 7. 2%, versus 3. 9% for DHT Holdings, Inc. (DHT).
09Is NAT or DHT better for a retirement portfolio?
For long-horizon retirement investors, DHT Holdings, Inc.
(DHT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 27), 3. 9% yield, +334. 7% 10Y return). Both have compounded well over 10 years (DHT: +334. 7%, NAT: -38. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NAT and DHT?
These companies operate in different sectors (NAT (Industrials) and DHT (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: NAT is a small-cap income-oriented stock; DHT is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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