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DT Midstream DTM Operating margin

Operating margin at other companies

Williams Companies logo
Williams CompaniesWMB
34.3%-0.2pp
DTE Energy logo
DTE EnergyDTE
13.1%-3.0pp
Enterprise Products Partners logo
Enterprise Products PartnersEPD
13.4%+0.1pp
Kinder Morgan logo
Kinder MorganKMI
29%+1.4pp
National Fuel Gas logo
National Fuel GasNFG
40.3%
Diversified Energy logo
Diversified EnergyDEC
32.6%+27.2pp

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$13.58B+28.1%
Enterprise value$16.8B+20.6%
P/E29.3×+1.1×
P/S10.6×+1.1×

Profitability

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Net margin36.3%+1.3pp
FCF margin36.6%-6.1pp

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 source filing: DT Midstream’s 10-Q, filed April 30, 2026. Open the filing →

Filed
Apr 30, 2026, 2:32 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001842022-26-000006

FAQ

What is DT Midstream's operating margin?
DT Midstream (DTM) reported operating margin of 49.5% in Q1 2026.
How has DT Midstream's operating margin changed year-over-year?
DT Midstream's operating margin increased by 0.8% year-over-year, from 49.1% to 49.5%.
What is the long-term trend for DT Midstream's operating margin?
Over 5 years (2020 to 2025), DT Midstream's operating margin has grown at a -2.1% compound annual growth rate (CAGR), from 54.9% to 49.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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