DT Midstream, Inc.

DTM Energy Oil & Gas Midstream

DT Midstream, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 26.7% from fiscal 2024.

Revenue
+7.01%
EPS
+4.92%
Free cash flow
+40.5%
Total debt
−1.35%

Quarter to September 2026, against a year earlier

113.28 4.30 −3.66%
Market cap
$11.5B
P/E
24.4×
Fwd P/E
26.7×
Dividend yield
3.05%
F-score
7/9
Altman Z
1.84
Beneish M
−2.62
Dividend safety
46/100

DT Midstream, Inc. (DTM) Operating margin

Alert me on Operating margin

DT Midstream, Inc.'s operating margin over the twelve months to 30 September 2026 was 49.4%, down 0.0 percentage points from fiscal 2025 (49.4%). Over the past ten years it has ranged from 47.9% (fiscal 2021) to 56.3% (fiscal 2018); the current reading is higher than 25% of that period. That is above the Oil & Gas Midstream industry median of 34.7% and above the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 49.4% (0.45)
FY2024 49.9% (1.23)
FY2023 51.1% (0.88)
FY2022 52.0% 4.10
FY2021 47.9% (7.05)
FY2020 54.9% 3.12
FY2019 51.8% (4.50)
FY2018 56.3% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 48.5% (1.93)
Jun 2026 50.4% 1.04
Mar 2026 49.4% 0.19
Dec 2025 49.2% (0.15)
22 more quarters

Against its own ten years

Low 47.9% High 56.3%
Ten-year median 51.4%
Current reading's percentile 32

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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