DT Midstream (DTM) Operating Margin (2020 - 2026)
DT Midstream (DTM) reported Operating Margin of 50.44% for Q2 2026, up 0.28 percentage points from 50.16% a year earlier and up 1.03 percentage points from the prior quarter.
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Analysis
DT Midstream (DTM) Operating Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, DT Midstream's Operating Margin came in at 49.62%, up 1.11 percentage points year-over-year; for FY2025, it was 49.40%, down 0.45 percentage points from FY2024.
- Operating Margin has declined for three consecutive years, with a five-year change of -5.51 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 49.85% in FY2024 (-1.24 pp), 51.08% in FY2023 (-0.87 pp), 51.96% in FY2022 (+4.10 pp) and 47.86% in FY2021 (-7.05 pp).
- The Q2 2026 figure ranks as the highest quarterly Operating Margin since Q2 2024.
- Year over year, Operating Margin has now increased in each of the last four quarters, with an average year-over-year change of -1.09 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q2 2022 (a gain of 19.01 percentage points); the low point was Q3 2021 (a drop of 11.08 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 49.40% (Q1 2026), 49.21% (Q4 2025) and 49.36% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 9.93% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 12.31% |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 10.41% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 30.06% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 135.28% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 27.80% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 41.61% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 13.22% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 74.84% |
| 10 | DT Midstream | 12.44 Bn | 12.11 Bn | - | 50.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 50.44% |
| 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% |
API Access
DT Midstream Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=DTM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "DTM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=DTM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();