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ICON vs DHT vs STNG vs TRMD
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
Oil & Gas Midstream
Oil & Gas Midstream
ICON vs DHT vs STNG vs TRMD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Marine Shipping | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $2M | $3.06B | $4.38B | $3.36B |
| Revenue (TTM) | $6M | $566M | $1.04B | $1.29B |
| Net Income (TTM) | $-5M | $331M | $502M | $277M |
| Gross Margin | -0.7% | 47.5% | 51.8% | 47.2% |
| Operating Margin | -32.2% | 50.1% | 38.8% | 26.6% |
| Forward P/E | — | 7.0x | 8.6x | 6.6x |
| Total Debt | $16M | $429M | $619M | $1.23B |
| Cash & Equiv. | $946K | $79M | $752M | $272M |
ICON vs DHT vs STNG vs TRMD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jul 24 | May 26 | Return |
|---|---|---|---|
| Icon Energy Corp. (ICON) | 100 | 0.9 | -99.1% |
| DHT Holdings, Inc. (DHT) | 100 | 161.8 | +61.8% |
| Scorpio Tankers Inc. (STNG) | 100 | 110.4 | +10.4% |
| TORM plc (TRMD) | 100 | 85.6 | -14.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ICON vs DHT vs STNG vs TRMD
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ICON is the clearest fit if your priority is income & stability.
- Dividend streak 0 yrs, beta 0.50, yield 15.5%
- 18.6% revenue growth vs STNG's -24.6%
DHT carries the broadest edge in this set and is the clearest fit for sleep-well-at-night and defensive.
- Lower volatility, beta 0.27, Low D/E 37.8%, current ratio 2.80x
- Beta 0.27, yield 3.9%, current ratio 2.80x
- 58.6% margin vs ICON's -79.7%
- Beta 0.27 vs TRMD's 0.54, lower leverage
STNG is the #2 pick in this set and the best alternative if valuation efficiency is your priority.
- PEG 0.26 vs TRMD's 0.29
- Better valuation composite
- 2.0% yield, 3-year raise streak, vs TRMD's 16.6%
- +115.3% vs ICON's -14.9%
TRMD is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 2.6%, EPS growth -15.0%, 3Y rev CAGR 36.0%
- 5.9% 10Y total return vs DHT's 318.3%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 18.6% revenue growth vs STNG's -24.6% | |
| Value | Better valuation composite | |
| Quality / Margins | 58.6% margin vs ICON's -79.7% | |
| Stability / Safety | Beta 0.27 vs TRMD's 0.54, lower leverage | |
| Dividends | 2.0% yield, 3-year raise streak, vs TRMD's 16.6% | |
| Momentum (1Y) | +115.3% vs ICON's -14.9% | |
| Efficiency (ROA) | 21.3% ROA vs ICON's -8.3%, ROIC 8.9% vs 0.8% |
ICON vs DHT vs STNG vs TRMD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
ICON vs DHT vs STNG vs TRMD — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
DHT leads in 2 of 6 categories
ICON leads 0 • STNG leads 0 • TRMD leads 0 • 4 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
DHT leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
TRMD is the larger business by revenue, generating $1.3B annually — 210.7x ICON's $6M. DHT is the more profitable business, keeping 58.6% of every revenue dollar as net income compared to ICON's -79.7%. On growth, DHT holds the edge at +57.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $6M | $566M | $1.0B | $1.3B |
| EBITDAEarnings before interest/tax | -$492,000 | $388M | $580M | $555M |
| Net IncomeAfter-tax profit | -$5M | $331M | $502M | $277M |
| Free Cash FlowCash after capex | -$24M | -$131M | $389M | $242M |
| Gross MarginGross profit ÷ Revenue | -0.7% | +47.5% | +51.8% | +47.2% |
| Operating MarginEBIT ÷ Revenue | -32.2% | +50.1% | +38.8% | +26.6% |
| Net MarginNet income ÷ Revenue | -79.7% | +58.6% | +48.4% | +21.4% |
| FCF MarginFCF ÷ Revenue | -3.9% | -23.1% | +37.5% | +18.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +57.3% | +46.2% | -7.8% |
| EPS Growth (YoY)Latest quarter vs prior year | — | +2.8% | +2.5% | -43.0% |
Valuation Metrics
Evenly matched — ICON and TRMD each lead in 3 of 7 comparable metrics.
Valuation Metrics
At 5.2x trailing earnings, TRMD trades at a 64% valuation discount to DHT's 14.5x P/E. Adjusting for growth (PEG ratio), TRMD offers better value at 0.23x vs STNG's 0.36x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $2M | $3.1B | $4.4B | $3.4B |
| Enterprise ValueMkt cap + debt − cash | $17M | $3.4B | $4.3B | $4.3B |
| Trailing P/EPrice ÷ TTM EPS | -7.35x | 14.51x | 12.05x | 5.21x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 7.01x | 8.58x | 6.62x |
| PEG RatioP/E ÷ EPS growth rate | — | — | 0.36x | 0.23x |
| EV / EBITDAEnterprise value multiple | 9.12x | 12.35x | 8.68x | 5.07x |
| Price / SalesMarket cap ÷ Revenue | 0.29x | 6.16x | 4.67x | 2.15x |
| Price / BookPrice ÷ Book value/share | 0.13x | 2.70x | 1.30x | 1.54x |
| Price / FCFMarket cap ÷ FCF | — | — | 8.92x | 14.38x |
Profitability & Efficiency
DHT leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
DHT delivers a 29.1% return on equity — every $100 of shareholder capital generates $29 in annual profit, vs $-24 for ICON. STNG carries lower financial leverage with a 0.19x debt-to-equity ratio, signaling a more conservative balance sheet compared to ICON's 1.36x. On the Piotroski fundamental quality scale (0–9), DHT scores 7/9 vs TRMD's 4/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | -23.9% | +29.1% | +15.9% | +12.9% |
| ROA (TTM)Return on assets | -8.3% | +21.3% | +12.6% | +8.7% |
| ROICReturn on invested capital | +0.8% | +8.9% | +7.2% | +18.0% |
| ROCEReturn on capital employed | +1.0% | +11.7% | +8.4% | +22.8% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 7 | 6 | 4 |
| Debt / EquityFinancial leverage | 1.36x | 0.38x | 0.19x | 0.59x |
| Net DebtTotal debt minus cash | $15M | $350M | -$133M | $954M |
| Cash & Equiv.Liquid assets | $946,000 | $79M | $752M | $272M |
| Total DebtShort + long-term debt | $16M | $429M | $619M | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | -0.97x | 25.61x | 6.82x | 4.61x |
Total Returns (Dividends Reinvested)
Evenly matched — DHT and TRMD each lead in 2 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TRMD five years ago would be worth $53,512 today (with dividends reinvested), compared to $1,257 for ICON. Over the past 12 months, STNG leads with a +115.3% total return vs ICON's -14.9%. The 3-year compound annual growth rate (CAGR) favors DHT at 38.9% vs ICON's -49.9% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +91.4% | +65.4% | +71.3% | +70.8% |
| 1-Year ReturnPast 12 months | -14.9% | +79.6% | +115.3% | +113.4% |
| 3-Year ReturnCumulative with dividends | -87.4% | +167.8% | +92.7% | +57.3% |
| 5-Year ReturnCumulative with dividends | -87.4% | +282.2% | +359.0% | +435.1% |
| 10-Year ReturnCumulative with dividends | -87.4% | +318.3% | +62.8% | +585.5% |
| CAGR (3Y)Annualised 3-year return | -49.9% | +38.9% | +24.4% | +16.3% |
Risk & Volatility
Evenly matched — DHT and STNG each lead in 1 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 TRMD's 0.54 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. STNG currently trades 96.9% from its 52-week high vs ICON's 29.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.50x | 0.27x | 0.28x | 0.54x |
| 52-Week HighHighest price in past year | $4.23 | $20.55 | $87.39 | $34.88 |
| 52-Week LowLowest price in past year | $0.55 | $10.61 | $37.96 | $15.79 |
| % of 52W HighCurrent price vs 52-week peak | +29.6% | +92.5% | +96.9% | +94.9% |
| RSI (14)Momentum oscillator 0–100 | 59.7 | 58.8 | 60.5 | 62.3 |
| Avg Volume (50D)Average daily shares traded | 277K | 4.7M | 1.2M | 924K |
Analyst Outlook
Evenly matched — STNG and TRMD each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: DHT as "Buy", STNG as "Buy", TRMD as "Buy". Consensus price targets imply 5.7% upside for TRMD (target: $35) vs -5.3% for DHT (target: $18). For income investors, TRMD offers the higher dividend yield at 16.56% vs STNG's 1.99%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | $18.00 | $85.33 | $35.00 |
| # AnalystsCovering analysts | — | 16 | 31 | 3 |
| Dividend YieldAnnual dividend ÷ price | +15.5% | +3.9% | +2.0% | +16.6% |
| Dividend StreakConsecutive years of raises | 0 | 0 | 3 | 0 |
| Dividend / ShareAnnual DPS | $0.19 | $0.74 | $1.69 | $5.48 |
| Buyback YieldShare repurchases ÷ mkt cap | +100.0% | 0.0% | +0.0% | 0.0% |
DHT leads in 2 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 4 categories are tied.
ICON vs DHT vs STNG vs TRMD: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is ICON or DHT or STNG or TRMD a better buy right now?
For growth investors, Icon Energy Corp.
(ICON) is the stronger pick with 18. 6% revenue growth year-over-year, versus -24. 6% for Scorpio Tankers Inc. (STNG). TORM plc (TRMD) offers the better valuation at 5. 2x trailing P/E (6. 6x 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 — ICON or DHT or STNG or TRMD?
On trailing P/E, TORM plc (TRMD) is the cheapest at 5.
2x versus DHT Holdings, Inc. at 14. 5x. On forward P/E, TORM plc is actually cheaper at 6. 6x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Scorpio Tankers Inc. wins at 0. 26x versus TORM plc's 0. 29x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — ICON or DHT or STNG or TRMD?
Over the past 5 years, TORM plc (TRMD) delivered a total return of +435.
1%, compared to -87. 4% for Icon Energy Corp. (ICON). Over 10 years, the gap is even starker: TRMD returned +585. 5% versus ICON's -87. 4%. 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 — ICON or DHT or STNG or TRMD?
By beta (market sensitivity over 5 years), DHT Holdings, Inc.
(DHT) is the lower-risk stock at 0. 27β versus TORM plc's 0. 54β — meaning TRMD is approximately 99% more volatile than DHT relative to the S&P 500. On balance sheet safety, Scorpio Tankers Inc. (STNG) carries a lower debt/equity ratio of 19% versus 136% for Icon Energy Corp. — giving it more financial flexibility in a downturn.
05Which is growing faster — ICON or DHT or STNG or TRMD?
By revenue growth (latest reported year), Icon Energy Corp.
(ICON) is pulling ahead at 18. 6% versus -24. 6% for Scorpio Tankers Inc. (STNG). On earnings-per-share growth, the picture is similar: DHT Holdings, Inc. grew EPS 17. 0% year-over-year, compared to -118. 1% for Icon Energy Corp.. Over a 3-year CAGR, TRMD leads at 36. 0% 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 — ICON or DHT or STNG or TRMD?
DHT Holdings, Inc.
(DHT) is the more profitable company, earning 42. 5% net margin versus -4. 0% for Icon Energy Corp. — meaning it keeps 42. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRMD leads at 42. 3% versus 3. 2% for ICON. At the gross margin level — before operating expenses — TRMD leads at 60. 8%, 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 ICON or DHT or STNG or TRMD more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Scorpio Tankers Inc. (STNG) is the more undervalued stock at a PEG of 0. 26x versus TORM plc's 0. 29x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, TORM plc (TRMD) trades at 6. 6x forward P/E versus 8. 6x for Scorpio Tankers Inc. — 2. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TRMD: 5. 7% to $35. 00.
08Which pays a better dividend — ICON or DHT or STNG or TRMD?
All stocks in this comparison pay dividends.
TORM plc (TRMD) offers the highest yield at 16. 6%, versus 2. 0% for Scorpio Tankers Inc. (STNG).
09Is ICON or DHT or STNG or TRMD 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, +318. 3% 10Y return). Both have compounded well over 10 years (DHT: +318. 3%, ICON: -87. 4%), 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 ICON and DHT and STNG and TRMD?
These companies operate in different sectors (ICON (Industrials) and DHT (Energy) and STNG (Energy) and TRMD (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: ICON is a small-cap high-growth stock; DHT is a small-cap deep-value stock; STNG is a small-cap deep-value stock; TRMD 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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