Antero Midstream Corporation (AM) vs DT Midstream, Inc. (DTM)

Antero Midstream Corporation and DT Midstream, Inc. are both Oil & Gas Midstream companies. DT Midstream, Inc. is the larger, with a market value of $12.7B against $10.1B — 1.3× the size. Antero Midstream Corporation trades at the lower P/E: 24.9× against 26.7×. DT Midstream, Inc. grew revenue faster over the last twelve months: 18.1% against 6.87%. DT Midstream, Inc. has the higher net margin (35.7% vs 32.4%) and the lower return on invested capital (5.03% vs 7.39%). Both pay a dividend; Antero Midstream Corporation yields more (7.56% vs 5.34%). Across the 23 metrics below, Antero Midstream Corporation leads on 14 and DT Midstream, Inc. on 9.

Valuation

Metric AM DTM Oil & Gas Midstream median
P/E 24.92 26.69 13.19
P/S 8.06 9.54 2.60
P/B 5.11 2.54 2.08
Price to free cash flow 8.61 26.03 10.14
EV/EBITDA 15.10 16.76 8.11
EV/Sales 10.74 11.97 3.89
Earnings yield 4.01% 3.75% 6.83%
Free cash flow yield 11.61% 3.84% 6.94%

Profitability

Metric AM DTM Oil & Gas Midstream median
Gross margin 78.34% 100.00% 58.81%
Operating margin 52.83% 49.62% 32.14%
Net margin 32.36% 35.73% 21.16%
Free cash flow margin 93.59% 36.64% 10.15%
Return on equity 19.80% 9.61% 11.30%
Return on assets 6.60% 4.64% 5.00%
Return on invested capital 7.39% 5.03% 6.13%

Growth

Metric AM DTM Oil & Gas Midstream median
Revenue growth (TTM) 6.87% 18.12% 15.44%
EPS growth (last fiscal year) 3.61% 19.44% —
Revenue growth, 5-year CAGR 5.70% 10.51% 8.96%
Net income growth, 5-year CAGR 0.00% 7.17% 0.00%

Health

Metric AM DTM Oil & Gas Midstream median
Debt to equity 1.83 0.68 0.78
Current ratio 0.84 1.37 1.19
Net debt to EBITDA 3.46 3.68 3.42

Dividend

Metric AM DTM Oil & Gas Midstream median
Dividend yield 7.56% 5.34% 7.29%
Payout ratio — 0.70 0.64

Size

Metric AM DTM Oil & Gas Midstream median
Market cap 10.08b 12.73b 3.61b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack