DT Midstream (DTM) Operating Margin (2020 - 2026)

DT Midstream (DTM) reported Operating Margin of 49.4% for Q1 2026, up 56.0% on a YoY basis from 31.67% in Q1 2025, and little changed sequentially from 49.21% in Q4 2025.

DT Midstream (DTM) Operating Margin (2020 - 2026) Analysis & Trends

DT Midstream (DTM) has 7 years of Operating Margin data on file, last reported at 49.4% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin rose 56.0% year-over-year to 49.4%; the trailing twelve-month figure through Mar 2026 stood at 49.53% (up 39.0% YoY), and the FY2025 full-year result was 49.4%, down 45.0% from the prior year.
  • Operating Margin was little changed at 49.4% in Q1 2026, from 49.21% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 60.35% in Q2 2022 to a low of 45.38% in Q4 2024.
  • A 5-year average of 50.52% and a median of 49.4% in 2026 frame the typical range for Operating Margin.
  • Across the five-year window, Operating Margin surged 1901 bps in 2022 and slumped 812 bps in 2023, its largest moves.
  • Tracing DTM's Operating Margin over 5 years: stood at 47.74% in 2022, then advanced by 3 bps to 49.18% in 2023, then declined by 8 bps to 45.38% in 2024, then increased by 8 bps to 49.21% in 2025, then advanced by 0 bps to 49.4% in 2026.
  • Business Quant data shows DTM's Operating Margin at 49.4% in Q1 2026, 49.21% in Q4 2025, and 49.36% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 90.00%
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 103.91%
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 30.06%
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 14.43%
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 13.17%
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 31.60%
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 10.74%
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 20.68%
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 14.85%
10 DT Midstream 14.88 Bn 14.87 Bn 251.00 Mn 49.40%

Historic Data

Download Data
DateValue
Mar 31, 2026 49.40%
Dec 31, 2025 49.21%
Sep 30, 2025 49.36%
Jun 30, 2025 50.16%
Mar 31, 2025 48.84%
Dec 31, 2024 45.38%
Sep 30, 2024 49.19%
Jun 30, 2024 53.28%
Mar 31, 2024 51.67%
Dec 31, 2023 49.18%
Sep 30, 2023 52.99%
Jun 30, 2023 52.23%
Mar 31, 2023 50.00%
Dec 31, 2022 47.74%
Sep 30, 2022 51.49%
Jun 30, 2022 60.35%
Mar 31, 2022 48.37%
Dec 31, 2021 49.33%
Sep 30, 2021 50.00%
Jun 30, 2021 41.35%