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

113.96 1.08 +0.96%
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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, DT Midstream, Inc. (DTM) trades at a price to free cash flow of 21.7×. Over the past ten years it has ranged from 0.0× (December 2023) to 228× (March 2024); the current reading is higher than 40% of that period. That is above the Oil & Gas Midstream industry median of 8.5× and above the Energy sector median of 8.9×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 27.6× 17.34%
FY2024 23.5× (88.56%)
FY2023 205× 1,447.12%
FY2022 13.3× 23.63%
FY2021 10.7× (42.93%)
FY2020 18.8× 0.00%
FY2019 18.8× 0.00%
FY2018 18.8× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 22.9× (26.68%)
Jun 2026 31.2× 6.22%
Mar 2026 29.4× 6.47%
Dec 2025 27.6× 13.54%
22 more quarters

Against its own ten years

Low 0.0× High 228×
Ten-year median 23.4×
Current reading's percentile 40

Price to free cash flow against peers

Company Price to free cash flow
PAGP Plains Group Holdings, L.P. compare 2.1×
FRO Frontline PLC compare 5.9×
AM Antero Midstream Corporation compare 5.9×
PAA Plains All American Pipeline, L.P. compare 7.1×
SOBO South Bow Corporation compare 9.7×
WES Western Midstream Partners, LP compare 14.1×
KNTK Kinetik Holdings Inc. compare 16.7×
DTM DT Midstream, Inc. 21.7×
VNOM Viper Energy Inc. compare 74.5×
Oil & Gas Midstream industry median 8.5×
Energy sector median 8.9×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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