DT Midstream reported a gross margin of 73.76% and a net margin of 33.82% for the quarter ended Jun 2026. These financial ratios cover 25 quarters of results from Jun 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||
| Gross Margin | 72.64% | 70.40% | 71.63% | 72.25% | 72.34% | 67.90% | 73.64% | 73.21% | 75.21% | 71.72% | 77.50% | 78.69% | 74.60% | 69.88% | 74.26% | 74.11% | 73.25% | 72.56% | 74.70% | 73.76% | |||||
| EBT Margin | 50.00% | 51.12% | 50.70% | 55.95% | 52.34% | 50.62% | 55.91% | 55.36% | 54.27% | 51.64% | 54.58% | 54.51% | 48.79% | 47.79% | 48.18% | 46.93% | 48.73% | 48.58% | 50.60% | 49.27% | |||||
| EBIT Margin | 50.00% | 49.33% | 48.37% | 60.35% | 51.49% | 47.74% | 50.00% | 52.23% | 52.99% | 49.18% | 51.67% | 53.28% | 49.19% | 45.38% | 48.84% | 50.16% | 49.36% | 49.21% | 49.40% | 50.44% | |||||
| EBITDA Margin | 50.00% | 49.33% | 48.37% | 60.35% | 51.49% | 47.74% | 50.00% | 52.23% | 52.99% | 49.18% | 51.67% | 53.28% | 49.19% | 45.38% | 48.84% | 50.16% | 49.36% | 49.21% | 49.40% | 50.44% | |||||
| Operating Margin | 50.00% | 49.33% | 48.37% | 60.35% | 51.49% | 47.74% | 50.00% | 52.23% | 52.99% | 49.18% | 51.67% | 53.28% | 49.19% | 45.38% | 48.84% | 50.16% | 49.36% | 49.21% | 49.40% | 50.44% | |||||
| Net Margin | 36.32% | 39.91% | 39.07% | 41.41% | 49.36% | 36.21% | 38.18% | 41.96% | 40.17% | 50.82% | 41.67% | 40.98% | 36.69% | 30.52% | 36.63% | 35.92% | 37.58% | 35.96% | 39.88% | 33.82% | |||||
| FCF Margin | 47.17% | 28.70% | 99.53% | 48.46% | 32.77% | -5.76% | 7.27% | -21.43% | 10.26% | 13.93% | 59.58% | 34.43% | 50.00% | 24.90% | 58.09% | 33.66% | 41.72% | 9.46% | 60.12% | 34.11% | |||||
| Efficiency | |||||||||||||||||||||||||
| Assets AverageAssets Avg. | 8.06B | 8.15B | 8.19B | 8.25B | 8.35B | 8.63B | 8.91B | 8.85B | 8.79B | 8.92B | 8.97B | 8.97B | 8.79B | 9.26B | 10.01B | 10.08B | 10.07B | 10.07B | 10.12B | 10.18B | |||||
| Invested CapitalInvested Cap. | 7.04B | 7.07B | 7.08B | 7.13B | 7.18B | 7.87B | 8.05B | 7.46B | 7.54B | 7.67B | 7.48B | 7.54B | 7.03B | 8.38B | 8.23B | 8.19B | 8.17B | 8.20B | 8.22B | 8.25B | |||||
| Asset Utilization RatioAsset Util. | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 | 0.11 | 0.11 | 0.10 | 0.11 | 0.12 | 0.12 | 0.13 | 0.13 | |||||
| Leverage & Solvency | |||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 3.42 | 3.55 | 3.35 | 4.15 | 3.46 | 3.05 | 2.89 | 3.34 | 3.26 | 3.08 | 3.10 | 3.33 | 3.21 | 3.14 | 3.70 | 3.88 | 3.88 | 3.80 | 4.15 | 4.12 | |||||
| Debt Ratio | 0.37 | 0.37 | 0.37 | 0.37 | 0.36 | 0.42 | 0.43 | 0.37 | 0.37 | 0.38 | 0.35 | 0.36 | 0.31 | 0.36 | 0.34 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | |||||
| Times Interest Earned | 3.42 | 3.55 | 3.35 | 4.15 | 3.46 | 3.05 | 2.89 | 3.34 | 3.26 | 3.08 | 3.10 | 3.33 | 3.21 | 3.14 | 3.70 | 3.88 | 3.88 | 3.80 | 4.15 | 4.12 | |||||
| Dividends & Payouts | |||||||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | -0.16 | 1.98 | 1.45 | 1.52 | 1.87 | 1.33 | 1.35 | 1.40 | 1.40 | 1.72 | 1.41 | 1.41 | 1.28 | 0.96 | 1.34 | 1.34 | 1.42 | 1.25 | 1.51 | 1.29 | |||||
| FCF Payout RatioFCF Cover | -4.94 | 0.70 | 0.27 | 0.56 | 0.81 | -4.71 | 3.88 | -1.40 | 2.79 | 2.12 | 0.50 | 0.85 | 0.57 | 1.27 | 0.47 | 0.80 | 0.63 | 3.03 | 0.44 | 0.77 | |||||
| Dividend YieldDiv. Yield | -11.04% | 0.97% | 1.11% | 1.31% | 1.23% | 1.23% | 1.30% | 1.39% | 1.31% | 1.35% | 1.20% | 1.03% | 0.93% | 0.78% | 0.85% | 0.74% | 0.72% | 0.75% | 0.65% | 0.60% | |||||
| Payout Ratio | -6.42 | 0.51 | 0.69 | 0.66 | 0.53 | 0.75 | 0.74 | 0.71 | 0.71 | 0.58 | 0.71 | 0.71 | 0.78 | 1.04 | 0.75 | 0.75 | 0.70 | 0.80 | 0.66 | 0.78 | |||||
| Valuation | |||||||||||||||||||||||||
| Price to EarningsP/E | 58.09 | 52.15 | 62.49 | 50.45 | 43.28 | 60.76 | 56.95 | 51.10 | 54.59 | 42.85 | 59.33 | 68.98 | 83.98 | 132.56 | 88.30 | 100.59 | 97.42 | 106.74 | 102.52 | 129.05 | |||||
| Price to SalesP/S | 21.10 | 20.81 | 24.41 | 20.89 | 21.36 | 22.00 | 21.74 | 21.44 | 21.93 | 21.78 | 24.72 | 28.27 | 30.82 | 40.46 | 32.35 | 36.14 | 36.61 | 38.39 | 40.89 | 43.64 | |||||
| Price to BookP/B | 1.12 | 1.15 | 1.30 | 1.16 | 1.22 | 1.29 | 1.15 | 1.15 | 1.22 | 1.24 | 1.38 | 1.59 | 1.75 | 2.11 | 2.05 | 2.32 | 2.37 | 2.49 | 2.81 | 3.04 | |||||
| Enterprise Value | 4.49B | 4.66B | 5.12B | 4.54B | 4.81B | 5.43B | 4.83B | 4.90B | 5.24B | 5.40B | 6.03B | 6.96B | 7.70B | 10.15B | 9.86B | 11.23B | 11.54B | 12.26B | 13.73B | 14.94B | |||||
| EV to EBIT | 42.40 | 42.35 | 49.19 | 33.17 | 39.77 | 46.83 | 43.91 | 41.89 | 42.29 | 44.99 | 48.65 | 53.58 | 63.14 | 89.79 | 66.61 | 72.48 | 74.45 | 78.57 | 82.71 | 86.36 | |||||
| EV to EBITDA | 42.40 | 42.35 | 49.19 | 33.17 | 39.77 | 46.83 | 43.91 | 41.89 | 42.29 | 44.99 | 48.65 | 53.58 | 63.14 | 89.79 | 66.61 | 72.48 | 74.45 | 78.57 | 82.71 | 86.36 | |||||
| Market Capitalization | 4.47B | 4.64B | 5.25B | 4.74B | 5.02B | 5.35B | 4.78B | 4.80B | 5.13B | 5.31B | 5.93B | 6.90B | 7.64B | 10.07B | 9.80B | 11.17B | 11.50B | 12.17B | 13.74B | 14.97B | |||||
| Price to FCFP/FCF | 44.73 | 72.52 | 24.53 | 43.11 | 65.20 | -381.90 | 298.97 | -100.07 | 213.82 | 156.29 | 41.49 | 82.12 | 61.63 | 162.50 | 55.69 | 107.37 | 87.75 | 405.61 | 68.01 | 127.95 | |||||
| EV to FCF | 44.95 | 72.79 | 23.91 | 41.32 | 62.50 | -388.05 | 301.90 | -102.11 | 218.49 | 158.79 | 42.18 | 82.91 | 62.12 | 163.64 | 56.01 | 108.02 | 88.09 | 408.54 | 67.97 | 127.69 | |||||
| EV to CFO | 33.05 | 43.13 | 21.86 | 31.34 | 24.68 | 35.98 | 19.80 | 33.80 | 23.31 | 29.34 | 25.03 | 42.21 | 37.58 | 66.75 | 39.91 | 60.72 | 42.11 | 76.13 | 49.04 | 67.30 | |||||
| Return Ratios | |||||||||||||||||||||||||
| Return on Sales [ROS]ROS | 50.00% | 49.33% | 48.37% | 60.35% | 51.49% | 47.74% | 50.00% | 52.23% | 52.99% | 49.18% | 51.67% | 53.28% | 49.19% | 45.38% | 48.84% | 50.16% | 49.36% | 49.21% | 49.40% | 50.44% | |||||
| Return on Capital Employed [ROCE]ROCE | 4.91% | 5.04% | 5.07% | 5.66% | 5.82% | 5.97% | 5.90% | 5.46% | 5.58% | 5.55% | 5.61% | 5.75% | 5.82% | 5.53% | 5.33% | 5.52% | 5.87% | 6.28% | 6.45% | 6.58% | |||||
| Return on Invested Capital [ROIC]ROIC | 4.08% | 4.30% | 4.38% | 4.85% | 5.34% | 5.03% | 4.68% | 4.64% | 4.51% | 4.91% | 5.19% | 5.36% | 5.53% | 4.62% | 4.50% | 4.80% | 5.16% | 5.70% | 5.90% | 5.89% | |||||
| Return on Assets [ROA]ROA | 3.74% | 3.90% | 3.92% | 4.17% | 4.58% | 4.43% | 4.29% | 4.31% | 4.09% | 4.44% | 4.59% | 4.66% | 4.72% | 3.96% | 3.78% | 3.86% | 4.13% | 4.51% | 4.71% | 4.73% |