DT Midstream, Inc. (DTM) vs Viper Energy Inc. (VNOM)

DT Midstream, Inc. and Viper Energy Inc. are both Oil & Gas Midstream companies. Viper Energy Inc. is the larger, with a market value of $15.7B against $12.1B — 1.3× the size. DT Midstream, Inc. trades at the lower P/E: 26.9× against 322×. Viper Energy Inc. grew revenue faster over the last twelve months: 107.8% against 18.1%. DT Midstream, Inc. has the higher net margin (35.7% vs 2.89%) and the higher return on invested capital (5.03% vs 1.32%). Both pay a dividend; Viper Energy Inc. yields more (5.44% vs 2.80%). Across the 22 metrics below, Viper Energy Inc. leads on 12 and DT Midstream, Inc. on 10.

Valuation

Metric DTM VNOM Oil & Gas Midstream median
P/E 26.94 321.64 12.77
P/S 9.63 4.27 2.36
P/B 2.56 0.85 2.09
Price to free cash flow 26.28 11.42 9.71
EV/EBITDA 16.89 10.02 8.30
EV/Sales 12.06 5.24 3.88
Earnings yield 3.71% 0.31% 7.15%
Free cash flow yield 3.81% 8.76% 6.86%

Profitability

Metric DTM VNOM Oil & Gas Midstream median
Gross margin 100.00% 100.00% 56.58%
Operating margin 49.62% 12.30% 34.18%
Net margin 35.73% 2.89% 22.50%
Free cash flow margin 36.64% 37.43% 13.70%
Return on equity 9.61% 0.62% 14.65%
Return on assets 4.64% 0.54% 5.00%
Return on invested capital 5.03% 1.32% 6.13%

Growth

Metric DTM VNOM Oil & Gas Midstream median
Revenue growth (TTM) 18.12% 107.84% 15.60%
EPS growth (last fiscal year) 19.44% (112.57%) (7.86%)
Revenue growth, 5-year CAGR 10.51% 40.96% 9.59%
Net income growth, 5-year CAGR 7.17% 0.00% 0.00%

Health

Metric DTM VNOM Oil & Gas Midstream median
Debt to equity 0.68 0.16 0.78
Current ratio 1.37 6.37 1.19
Net debt to EBITDA 3.68 4.65 3.42

Dividend

Metric DTM VNOM Oil & Gas Midstream median
Dividend yield 2.80% 5.44% 4.54%
Payout ratio 0.76 18.85 0.76

Size

Metric DTM VNOM Oil & Gas Midstream median
Market cap 12.12b 15.71b 3.73b

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