DT Midstream (DTM) Gross Margin (2020 - 2026)
DT Midstream (DTM) reported Gross Margin of 74.7% for Q1 2026, up 44.0% year-over-year from 51.88% in Q1 2025, and up 2.96% sequentially from 72.56% in Q4 2025.
DT Midstream (DTM) Gross Margin (2020 - 2026) Analysis & Trends
DT Midstream's Gross Margin history runs 7 years deep, the most recent figure standing at 74.7% for Q1 2026.
- Quarterly Gross Margin rose 44.0% year-over-year to 74.7% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 73.67% (down 66.0% YoY) and the FY2025 annual result came in at 73.53%, down 160.0% from the prior year.
- Gross Margin was 74.7% for Q1 2026 at DT Midstream, up from 72.56% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 78.69% in Q2 2024 to a low of 67.9% in Q4 2022.
- Median Gross Margin over the past 5 years was 73.25% (2025), compared with a mean of 73.38%.
- Across the five-year window, Gross Margin soared 547 bps in 2024 and plunged 458 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 67.9% in 2022, then gained by 6 bps to 71.72% in 2023, then fell by 3 bps to 69.88% in 2024, then gained by 4 bps to 72.56% in 2025, then climbed by 3 bps to 74.7% in 2026.
- Business Quant data shows DTM's Gross Margin at 74.7% in Q1 2026, 72.56% in Q4 2025, and 73.25% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 41.12% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 63.77% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 23.85% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 41.52% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 83.61% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 26.67% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 23.28% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 94.13% |
| 10 | DT Midstream | - | - | 251.00 Mn | 74.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 74.70% |
| Dec 31, 2025 | 72.56% |
| Sep 30, 2025 | 73.25% |
| Jun 30, 2025 | 74.11% |
| Mar 31, 2025 | 74.26% |
| Dec 31, 2024 | 69.88% |
| Sep 30, 2024 | 74.60% |
| Jun 30, 2024 | 78.69% |
| Mar 31, 2024 | 77.50% |
| Dec 31, 2023 | 71.72% |
| Sep 30, 2023 | 75.21% |
| Jun 30, 2023 | 73.21% |
| Mar 31, 2023 | 73.64% |
| Dec 31, 2022 | 67.90% |
| Sep 30, 2022 | 72.34% |
| Jun 30, 2022 | 72.25% |
| Mar 31, 2022 | 71.63% |
| Dec 31, 2021 | 70.40% |
| Sep 30, 2021 | 72.64% |
| Jun 30, 2021 | 72.60% |