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
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DT Midstream, Inc. (DTM) 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 | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| AM Antero Midstream Corporation compare | 81.3% |
| FRO Frontline PLC compare | 54.1% |
| DTM DT Midstream, Inc. | 49.4% |
| SOBO South Bow Corporation compare | 42.8% |
| WES Western Midstream Partners, LP compare | 38.5% |
| VNOM Viper Energy Inc. compare | 36.2% |
| KNTK Kinetik Holdings Inc. compare | 12.2% |
| PAA Plains All American Pipeline, L.P. compare | 3.14% |
| PAGP Plains Group Holdings, L.P. compare | 3.13% |
| Oil & Gas Midstream industry median | 34.7% |
| Energy sector median | 15.2% |
| Market median | 0.00% |
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
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement