DT Midstream
DTM
122.69
-1.91
-1.53%
DT Midstream
US · DTM
#1309 by market cap
Listed 1970
122.69
-1.91
-1.53%
Live - 5344 symbols - heartbeat 73s ago
· 2026-10-07 19:54
After-hours
122.69
0.00%
- Market cap
- 12.52B
- P/E (TTM)i
- 26.91
- P/Bi
- 2.62
- EPSi
- 4.30
- Div yieldi
- 2.77%
- 52W posi
- 42%
Reader sentiment
Are you bullish or bearish on DTM?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 1.89, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +26.71% YoY
Margins
- Gross margin
- 79.24%
- Operating margin
- 49.40%
- Net margin
- 35.48%
Key ratios & quality
- Enterprise valuei
- 15.80B
- PEG ratioi
- 4.46
- Altman Z-Scorei
- 1.89
PEG uses trailing P/E against the 3-year net income growth rate (6.03%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 485.00M | 504.00M | 754.00M | 840.00M | 920.00M | 922.00M | 981.00M | 1.24B |
| Gross profit | 404.00M | 411.00M | 602.00M | 674.00M | 750.00M | 740.00M | 772.00M | 985.00M |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 273.00M | 262.00M | 412.00M | 419.00M | 455.00M | 467.00M | 489.00M | 614.00M |
| Pretax profit | 331.00M | 292.00M | 440.00M | 422.00M | 482.00M | 500.00M | 504.00M | 598.00M |
| Tax | 72.00M | 72.00M | 116.00M | 104.00M | 100.00M | 104.00M | 137.00M | 144.00M |
| Net profit | 259.00M | 220.00M | 324.00M | 318.00M | 382.00M | 396.00M | 367.00M | 454.00M |
| Basic EPS | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 4 |
| Diluted EPS | 2.38 | 2.11 | 3.22 | 3.16 | 3.81 | 3.94 | 3.60 | 4.30 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 303.00M | 309.00M | 314.00M | 317.00M | 336.00M | 343.00M |
| Gross profit | 240.00M | 246.00M | 249.00M | 250.00M | 267.00M | 275.00M |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 148.00M | 155.00M | 155.00M | 156.00M | 167.00M | 173.00M |
| Pretax profit | 146.00M | 145.00M | 153.00M | 154.00M | 170.00M | 169.00M |
| Tax | 35.00M | 34.00M | 35.00M | 40.00M | 36.00M | 53.00M |
| Net profit | 111.00M | 111.00M | 118.00M | 114.00M | 134.00M | 116.00M |
| Basic EPS | 1 | 1 | 1 | 1 | 1 | 1 |
| Diluted EPS | 1.06 | 1.04 | 1.13 | 1.08 | 1.27 | 1.09 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | -- | 300.00M | 483.00M | 360.00M | 262.00M | 272.00M | 310.00M | 318.00M |
| Cash & ST investments | -- | 46.00M | 42.00M | 132.00M | 61.00M | 56.00M | 68.00M | 54.00M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | -- | 7.79B | 8.34B | 8.17B | 8.83B | 8.98B | 9.94B | 10.08B |
| Total current liabilities | -- | 3.40B | 3.29B | 177.00M | 614.00M | 434.00M | 426.00M | 296.00M |
| Short-term debt | -- | 2.94B | 3.19B | 26.00M | 346.00M | 178.00M | 166.00M | 16.00M |
| Long-term debt | -- | -- | -- | 3.04B | 3.06B | 3.07B | 3.32B | 3.32B |
| Total liabilities | -- | 4,063,000,000.00 | 4,114,000,000.00 | 4,145,000,000.00 | 4,679,000,000.00 | 4,702,000,000.00 | 5,169,000,000.00 | 5,202,000,000.00 |
| Total equity | -- | 3.72B | 4.23B | 4.02B | 4.15B | 4.28B | 4.77B | 4.88B |
| Retained earnings | -- | 501.00M | 751.00M | 431.00M | 547.00M | 661.00M | 723.00M | 827.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 312.00M | 291.00M | 322.00M | 318.00M | 404.00M | 409.00M |
| Cash & ST investments | 83.00M | 74.00M | 98.00M | 54.00M | 150.00M | 172.00M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 9.93B | 9.96B | 10.06B | 10.08B | 10.16B | 10.21B |
| Total current liabilities | 381.00M | 331.00M | 349.00M | 296.00M | 321.00M | 298.00M |
| Short-term debt | 79.00M | 41.00M | 17.00M | 16.00M | 17.00M | 19.00M |
| Long-term debt | 3.32B | 3.32B | 3.32B | 3.32B | 3.33B | 3.33B |
| Total liabilities | 5,150,000,000.00 | 5,145,000,000.00 | 5,217,000,000.00 | 5,202,000,000.00 | 5,260,000,000.00 | 5,286,000,000.00 |
| Total equity | 4.78B | 4.82B | 4.84B | 4.88B | 4.90B | 4.92B |
| Retained earnings | 747.00M | 770.00M | 801.00M | 827.00M | 867.00M | 888.00M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 359.00M | 390.00M | 597.00M | 572.00M | 725.00M | 798.00M | 763.00M | 867.00M |
| Depreciation & amortization | 81.00M | 110.00M | 169.00M | 184.00M | 189.00M | 200.00M | 227.00M | 275.00M |
| Free cash flow | 183.00M | 179.00M | 79.00M | 432.00M | 387.00M | 26.00M | 413.00M | 441.00M |
| Dividends paid | -- | 0 | 0 | -559.00M | -244.00M | -263.00M | -280.00M | -324.00M |
| Stock buybacks / issuance | -- | -- | 0 | 0 | 0 | 0 | 406.00M | 0 |
| Ending cash balance | 26.00M | 46.00M | 42.00M | 132.00M | 61.00M | 56.00M | 68.00M | 54.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 247.00M | 185.00M | 274.00M | 161.00M | 280.00M | 222.00M |
| Depreciation & amortization | 67.00M | 68.00M | 69.00M | 71.00M | 73.00M | 72.00M |
| Free cash flow | 176.00M | 104.00M | 131.00M | 30.00M | 202.00M | 117.00M |
| Dividends paid | -75.00M | -83.00M | -83.00M | -83.00M | -83.00M | -89.00M |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 83.00M | 74.00M | 98.00M | 54.00M | 150.00M | 172.00M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | 5.72 | 8.17 | 7.73 | 9.39 | 9.43 | 8.08 | 9.42 |
| ROA %i | -- | 2.62 | 3.87 | 3.72 | 4.35 | 4.31 | 3.74 | 4.41 |
| ROIC %i | -- | 3.89 | 5.62 | 5.45 | 6.62 | 6.76 | 5.92 | 6.91 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | 8.09 | 8.56 | 8.81 |
| EBIT margin %i | 82.47 | 72.82 | 73.34 | 63.57 | 67.28 | 70.50 | 66.97 | 61.06 |
| FCF / sales %i | 37.73 | 35.52 | 10.48 | 51.43 | 42.07 | 2.82 | 42.10 | 35.48 |
| Current ratioi | -- | 0.09 | 0.15 | 2.03 | 0.43 | 0.63 | 0.73 | 1.07 |
| Quick ratioi | -- | 0.08 | 0.13 | 1.75 | 0.36 | 0.52 | 0.58 | 0.82 |
| Debt / assetsi | -- | 38.11 | 38.60 | 37.75 | 38.76 | 36.41 | 35.44 | 33.45 |
| LT debt / equityi | -- | 0.87 | 0.69 | 78.95 | 76.82 | 74.70 | 72.51 | 70.86 |
| Interest coveragei | 5.80 | 4.89 | 4.89 | 4.77 | 4.52 | 4.33 | 4.29 | 4.71 |
| Revenue CAGR (3Y) %i | -- | -- | -- | 20.09 | 22.21 | 6.94 | 5.31 | 10.55 |
| Net income CAGR (3Y) %i | -- | -- | -- | 9.95 | 21.95 | 7.17 | 4.86 | 6.03 |
| FCF CAGR (3Y) %i | -- | -- | -- | 33.15 | 29.31 | -30.96 | -1.49 | 4.45 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 8.29 | 8.48 | 9.04 | 9.42 | 9.86 | 9.90 |
| ROA %i | 3.87 | 3.97 | 4.32 | 4.41 | 4.61 | 4.64 |
| ROIC %i | 6.11 | 6.26 | 6.83 | 6.91 | 7.22 | 7.24 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 64.37 | 61.77 | 61.19 | 61.06 | 61.36 | 61.76 |
| FCF / sales %i | 42.72 | 42.02 | 40.26 | 35.48 | 36.60 | 36.64 |
| Current ratioi | 0.82 | 0.88 | 0.92 | 1.07 | 1.26 | 1.37 |
| Quick ratioi | 0.66 | 0.72 | 0.78 | 0.82 | 1.06 | 1.21 |
| Debt / assetsi | 34.57 | 34.13 | 33.55 | 33.45 | 33.20 | 33.05 |
| LT debt / equityi | 72.25 | 71.86 | 71.42 | 70.86 | 70.57 | 70.18 |
| Interest coveragei | 4.39 | 4.45 | 4.61 | 4.71 | 4.86 | 4.96 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Pipeline is the largest reported line at 53.35% of revenue, across 3 reported segments.
- Gathering follows at 48.98%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Pipeline53.35%
Gathering48.98%
Quote time 2026-10-07 19:54:59 · For reference only, not investment advice and not tailored to your situation.