DT Midstream (DTM) Gross Margin (2020 - 2026)
DT Midstream (DTM) reported Gross Margin of 74.7% for Q1 2026, up 44.0% on a YoY basis 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 (DTM) has 7 years of Gross Margin data on file, last reported at 74.7% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 44.0% year-over-year to 74.7%; the trailing twelve-month figure through Mar 2026 stood at 73.67% (down 66.0% YoY), and the FY2025 full-year result was 73.53%, down 160.0% from the prior year.
- Gross Margin improved to 74.7% in Q1 2026, 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.
- A 5-year average of 73.38% and a median of 73.25% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 547 bps in 2024 and tumbled 458 bps in 2025, its largest moves.
- Tracing DTM's Gross Margin over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 89.73% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 76.80% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 68.62% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | - |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.17% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 23.85% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 41.52% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 93.41% |
| 10 | DT Midstream | 14.88 Bn | 14.87 Bn | 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% |