DT Midstream, Inc. (DTM) stock
DTMNYSENatural Gas TransmissionFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 11/3040% above fair value
$119.61+0.61 (+0.51%)
Close on Nov 12, 2026Market cap $12.20BP/E 26.0Yield 2.74%
DT Midstream operating margin
Operating margin is operating income as a percentage of revenue.
DT Midstream's operating margin for the twelve months ending Sep 30, 2026 was 49.4%. For fiscal 2025 it was 49.4%, against 49.8% the year before. The highest annual figure on record is 54.9% in fiscal 2020.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 49.4% | −0.5 |
| FY2024 | Dec 31, 2024 | 49.8% | −1.2 |
| FY2023 | Dec 31, 2023 | 51.1% | −0.9 |
| FY2022 | Dec 31, 2022 | 52.0% | +4.1 |
| FY2021 | Dec 31, 2021 | 47.9% | −7.1 |
| FY2020 | Dec 31, 2020 | 54.9% | +3.1 |
| FY2019 | Dec 31, 2019 | 51.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 48.5% | −0.9 |
| Q2 FY2026 | Jun 30, 2026 | 50.4% | +0.3 |
| Q1 FY2026 | Mar 31, 2026 | 49.4% | +0.6 |
| Q4 FY2025 | Dec 31, 2025 | 49.2% | +3.8 |
| Q3 FY2025 | Sep 30, 2025 | 49.4% | +0.2 |
| Q2 FY2025 | Jun 30, 2025 | 50.2% | −3.1 |
| Q1 FY2025 | Mar 31, 2025 | 48.8% | −2.8 |
| Q4 FY2024 | Dec 31, 2024 | 45.4% | −3.8 |
| Q3 FY2024 | Sep 30, 2024 | 49.2% | −3.8 |
| Q2 FY2024 | Jun 30, 2024 | 53.3% | +1.0 |
| Q1 FY2024 | Mar 31, 2024 | 51.7% | +1.7 |
| Q4 FY2023 | Dec 31, 2023 | 49.2% | +1.4 |
| Q3 FY2023 | Sep 30, 2023 | 53.0% | +1.5 |
| Q2 FY2023 | Jun 30, 2023 | 52.2% | −8.1 |
| Q1 FY2023 | Mar 31, 2023 | 50.0% | +1.6 |
| Q4 FY2022 | Dec 31, 2022 | 47.7% | −1.6 |
| Q3 FY2022 | Sep 30, 2022 | 51.5% | +1.5 |
| Q2 FY2022 | Jun 30, 2022 | 60.4% | +19.0 |
| Q1 FY2022 | Mar 31, 2022 | 48.4% | −2.4 |
| Q4 FY2021 | Dec 31, 2021 | 49.3% | +4.1 |
| Q3 FY2021 | Sep 30, 2021 | 50.0% | −11.1 |
| Q2 FY2021 | Jun 30, 2021 | 41.3% | −16.1 |
| Q1 FY2021 | Mar 31, 2021 | 50.8% | – |
| Q4 FY2020 | Dec 31, 2020 | 45.2% | – |
| Q3 FY2020 | Sep 30, 2020 | 61.1% | – |
| Q2 FY2020 | Jun 30, 2020 | 57.5% | – |
See a number that looks wrong?