DT Midstream (DTM) Net Margin (2020 - 2026)
DT Midstream's (DTM) quarterly Net Margin came in at 39.88% in Q1 2026, up 325.0% year-on-year from 9.38% in Q1 2025, and up 10.9% quarter-over-quarter from 35.96% in Q4 2025.
DT Midstream (DTM) Net Margin (2020 - 2026) Analysis & Trends
DT Midstream has disclosed Net Margin across 7 years of filings, most recently posting 39.88% for Q1 2026.
- Net Margin for Q1 2026 came in at 39.88%, up 325.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 37.38% (up 118.0% YoY), and the FY2025 annual result was 36.52%, down 89.0% from the prior year.
- Net Margin came in at 39.88% for Q1 2026 at DT Midstream, up from 35.96% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 50.82% in Q4 2023 to a low of 30.52% in Q4 2024.
- The 5-year median for Net Margin is 39.07% (2022), against an average of 39.59%.
- Across the five-year window, Net Margin jumped 1461 bps in 2023 and sank 2030 bps in 2024, its largest moves.
- DT Midstream's Net Margin stood at 36.21% in 2022, then surged by 40 bps to 50.82% in 2023, then slumped by 40 bps to 30.52% in 2024, then gained by 18 bps to 35.96% in 2025, then rose by 11 bps to 39.88% in 2026.
- The last three Net Margin figures came in at 39.88% (Q1 2026), 35.96% (Q4 2025), and 37.58% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 7.47% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 10.39% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 20.73% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 4.30% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 30.35% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 11.71% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 8.07% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 23.51% |
| 10 | DT Midstream | 13.69 Bn | 13.77 Bn | 251.00 Mn | 39.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 39.88% |
| Dec 31, 2025 | 35.96% |
| Sep 30, 2025 | 37.58% |
| Jun 30, 2025 | 35.92% |
| Mar 31, 2025 | 36.63% |
| Dec 31, 2024 | 30.52% |
| Sep 30, 2024 | 36.69% |
| Jun 30, 2024 | 40.98% |
| Mar 31, 2024 | 41.67% |
| Dec 31, 2023 | 50.82% |
| Sep 30, 2023 | 40.17% |
| Jun 30, 2023 | 41.96% |
| Mar 31, 2023 | 38.18% |
| Dec 31, 2022 | 36.21% |
| Sep 30, 2022 | 49.36% |
| Jun 30, 2022 | 41.41% |
| Mar 31, 2022 | 39.07% |
| Dec 31, 2021 | 39.91% |
| Sep 30, 2021 | 36.32% |
| Jun 30, 2021 | 34.13% |