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DT Midstream DTM Free cash flow margin

Free cash flow margin at other companies

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Williams CompaniesWMB
16%-13.4pp
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DTE EnergyDTE
15.2%-8.2pp
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Enterprise Products PartnersEPD
4.7%-1.9pp
Kinder Morgan logo
Kinder MorganKMI
18.2%-0.1pp
TRG
Targa ResourcesTRGP
4.8%-3.1pp
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OneokOKE
6.4%-5.9pp

Other financials

Income statement

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Revenue$336.0M+10.9%
Operating income$166.0M+12.2%
Net income$130.0M+20.4%
EPS (diluted)$1.27+19.8%

Balance sheet

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Cash & equivalents$150.0M+80.7%
Total debt$3.4B-1.8%
Total equity$4.8B+2.4%
Total assets$10.2B+0.7%

Cash flow

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Operating cash flow$280.0M+13.4%
CapEx$78.0M+9.9%
Free cash flow$202.0M+14.8%

Valuation

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Market cap$14.62B+40.2%
Enterprise value$17.84B+29.0%
P/E31.6×+3.0×
P/S11.5×+1.5×

Profitability

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Operating margin49.5%+0.4pp
Net margin36.3%+1.3pp

Returns & leverage

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Return on equity9.9%+1.6pp
Debt / equity0.7×0.0×
Current ratio1.3×+0.4×

Where this comes from

Calculated from DT Midstream’s reported figures.

Based on trailing twelve months.

The official record: DT Midstream’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DT Midstream's free cash flow margin?
DT Midstream (DTM) reported free cash flow margin of 36.6% in Q1 2026.
How has DT Midstream's free cash flow margin changed year-over-year?
DT Midstream's free cash flow margin decreased by 14.3% year-over-year, from 42.7% to 36.6%.
What is the long-term trend for DT Midstream's free cash flow margin?
Over 4 years (2021 to 2025), DT Midstream's free cash flow margin has grown at a -8.9% compound annual growth rate (CAGR), from 51.4% to 35.5%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.