Dt Midstream Inc Financials

DTM

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 62/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Dt Midstream Inc has an operating margin of 49.9%, meaning the company retains $50 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 51.1% the prior year.

Growth

Dt Midstream Inc's revenue grew 6.4% year-over-year to $981.0M, a solid pace of expansion. This earns a growth score of 47/100.

Leverage

Dt Midstream Inc carries a low D/E ratio of 0.72, meaning only $0.72 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Dt Midstream Inc's current ratio of 0.73 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 9/100, which could limit financial flexibility.

Cash Flow

100

Dt Midstream Inc converts 42.1% of revenue into free cash flow ($413.0M). This strong cash generation earns a score of 100/100.

Returns

Dt Midstream Inc's ROE of 7.6% shows moderate profitability relative to equity, earning a score of 31/100. This is down from 9.3% the prior year.

Altman Z-Score Grey Zone

1.92

Dt Midstream Inc scores 1.92, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($13.5B) relative to total liabilities ($5.2B). This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

5/9

Dt Midstream Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.16x

For every $1 of reported earnings, Dt Midstream Inc generates $2.16 in operating cash flow ($763.0M OCF vs $354.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.0x

Dt Midstream Inc earns $3.0 in operating income for every $1 of interest expense ($489.0M vs $163.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

This page shows Dt Midstream Inc (DTM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Export CSV

Key Financial Metrics

Revenue

$981.0M

YoY+6.4%

5Y CAGR+14.2%

Dt Midstream Inc generated $981.0M in revenue in fiscal year 2024. This represents an increase of 6.4% from the prior year.

EBITDA

$698.0M

YoY+6.9%

5Y CAGR+14.5%

Dt Midstream Inc's EBITDA was $698.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.9% from the prior year.

Free Cash Flow

$413.0M

YoY+1488.5%

5Y CAGR+18.2%

Dt Midstream Inc generated $413.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 1488.5% from the prior year.

Net Income

$354.0M

YoY-7.8%

5Y CAGR+11.7%

Dt Midstream Inc reported $354.0M in net income in fiscal year 2024. This represents a decrease of 7.8% from the prior year.

EPS (Diluted)

$3.60

YoY-8.6%

5Y CAGR+11.3%

Dt Midstream Inc earned $3.60 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 8.6% from the prior year.

Cash & Debt

$68.0M

YoY+21.4%

5Y CAGR+8.1%

Dt Midstream Inc held $68.0M in cash against $3.3B in long-term debt as of fiscal year 2024.

Dividends Per Share

$2.94

YoY+6.5%

Dt Midstream Inc paid $2.94 per share in dividends in fiscal year 2024. This represents an increase of 6.5% from the prior year.

Shares Outstanding

101M

YoY+4.5%

Dt Midstream Inc had 101M shares outstanding in fiscal year 2024. This represents an increase of 4.5% from the prior year.

Gross Margin

N/A

Operating Margin

49.9%

YoY-1.2pp

5Y CAGR-1.9pp

Dt Midstream Inc's operating margin was 49.9% in fiscal year 2024, reflecting core business profitability. This is down 1.2 percentage points from the prior year.

Net Margin

36.1%

YoY-5.6pp

5Y CAGR-4.4pp

Dt Midstream Inc's net profit margin was 36.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 5.6 percentage points from the prior year.

Return on Equity

7.6%

YoY-1.6pp

5Y CAGR+2.2pp

Dt Midstream Inc's ROE was 7.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$350.0M

YoY-54.7%

5Y CAGR+10.7%

Dt Midstream Inc invested $350.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 54.7% from the prior year.

DTM Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$981.0M+6.4%	$922.0M+0.2%	$920.0M+9.5%	$840.0M+11.4%	$754.0M+49.6%	$504.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$489.0M+3.8%	$471.0M-1.5%	$478.0M+18.9%	$402.0M-2.9%	$414.0M+58.6%	$261.0M
Interest Expense	$163.0M+8.7%	$150.0M+9.5%	$137.0M+22.3%	$112.0M-0.9%	$113.0M+50.7%	$75.0M
Income Tax	$137.0M+31.7%	$104.0M+4.0%	$100.0M-3.8%	$104.0M-10.3%	$116.0M+61.1%	$72.0M
Net Income	$354.0M-7.8%	$384.0M+3.8%	$370.0M+20.5%	$307.0M-1.6%	$312.0M+52.9%	$204.0M
EPS (Diluted)	$3.60-8.6%	$3.94+3.4%	$3.81+20.6%	$3.16-2.2%	$3.23+53.1%	$2.11

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$314.0M+1.6%	$309.0M+2.0%	$303.0M+21.7%	$249.0M+2.0%	$244.0M+1.7%	$240.0M-1.6%	$244.0M+4.3%	$234.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$155.0M0.0%	$155.0M+4.7%	$148.0M+31.0%	$113.0M-13.1%	$130.0M+4.8%	$124.0M+3.3%	$120.0M-3.2%	$124.0M
Interest Expense	$40.0M0.0%	$40.0M0.0%	$40.0M-13.0%	$46.0M+17.9%	$39.0M-2.5%	$40.0M+2.6%	$39.0M+2.6%	$38.0M
Income Tax	$35.0M+2.9%	$34.0M-2.9%	$35.0M-18.6%	$43.0M+30.3%	$33.0M+6.5%	$31.0M+1450.0%	$2.0M-93.9%	$33.0M
Net Income	$115.0M+7.5%	$107.0M-0.9%	$108.0M+47.9%	$73.0M-24.0%	$96.0M-1.0%	$97.0M-19.8%	$121.0M+33.0%	$91.0M
EPS (Diluted)	$1.13+8.7%	$1.04-1.9%	$1.06+45.2%	$0.73-25.5%	$0.98-1.0%	$0.99-19.5%	$1.23+30.9%	$0.94

DTM Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$9.9B+10.6%	$9.0B+1.7%	$8.8B+8.2%	$8.2B-2.1%	$8.3B+7.1%	$7.8B
Current Assets	$310.0M+14.0%	$272.0M+3.8%	$262.0M-27.2%	$360.0M-25.5%	$483.0M	N/A
Cash & Equivalents	$68.0M+21.4%	$56.0M-8.2%	$61.0M-53.8%	$132.0M+214.3%	$42.0M-8.7%	$46.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$172.0M+11.7%	$154.0M-4.3%	$161.0M-4.7%	$169.0M+37.4%	$123.0M	N/A
Goodwill	$776.0M+64.1%	$473.0M0.0%	$473.0M0.0%	$473.0M0.0%	$473.0M+0.4%	$471.0M
Total Liabilities	$5.2B+9.9%	$4.7B+0.5%	$4.7B+12.9%	$4.1B+0.8%	$4.1B+1.3%	$4.1B
Current Liabilities	$426.0M-1.8%	$434.0M-29.3%	$614.0M+246.9%	$177.0M-94.6%	$3.3B	N/A
Long-Term Debt	$3.3B+8.3%	$3.1B+0.2%	$3.1B+0.8%	$3.0B	$0	N/A
Total Equity	$4.6B+11.8%	$4.1B+3.3%	$4.0B+3.5%	$3.9B-8.4%	$4.2B+13.5%	$3.7B
Retained Earnings	$723.0M+9.4%	$661.0M+20.8%	$547.0M+26.9%	$431.0M-42.6%	$751.0M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$10.1B+1.0%	$10.0B+0.3%	$9.9B0.0%	$9.9B+10.6%	$9.0B+0.4%	$9.0B-0.3%	$9.0B+1.4%	$8.9B
Current Assets	$322.0M+10.7%	$291.0M-6.7%	$312.0M+0.6%	$310.0M+21.1%	$256.0M+11.8%	$229.0M-15.8%	$272.0M+36.0%	$200.0M
Cash & Equivalents	$98.0M+32.4%	$74.0M-10.8%	$83.0M+22.1%	$68.0M-6.8%	$73.0M+78.0%	$41.0M-26.8%	$56.0M+86.7%	$30.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$175.0M+6.7%	$164.0M-2.4%	$168.0M-2.3%	$172.0M+20.3%	$143.0M+5.1%	$136.0M-11.7%	$154.0M+5.5%	$146.0M
Goodwill	$781.0M0.0%	$781.0M+0.6%	$776.0M0.0%	$776.0M+64.1%	$473.0M0.0%	$473.0M0.0%	$473.0M0.0%	$473.0M
Total Liabilities	$5.2B+1.4%	$5.1B-0.1%	$5.2B-0.4%	$5.2B+11.2%	$4.6B+0.1%	$4.6B-1.2%	$4.7B+1.3%	$4.6B
Current Liabilities	$349.0M+5.4%	$331.0M-13.1%	$381.0M-10.6%	$426.0M+39.2%	$306.0M-5.0%	$322.0M-25.8%	$434.0M+2.4%	$424.0M
Long-Term Debt	$3.3B0.0%	$3.3B0.0%	$3.3B0.0%	$3.3B+8.2%	$3.1B0.0%	$3.1B+0.1%	$3.1B0.0%	$3.1B
Total Equity	$4.7B+0.6%	$4.7B+0.7%	$4.6B+0.3%	$4.6B+10.2%	$4.2B+0.7%	$4.2B+0.7%	$4.1B+1.5%	$4.1B
Retained Earnings	$801.0M+4.0%	$770.0M+3.1%	$747.0M+3.3%	$723.0M+1.8%	$710.0M+3.5%	$686.0M+3.8%	$661.0M+8.7%	$608.0M

DTM Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$763.0M-4.4%	$798.0M+10.1%	$725.0M+26.7%	$572.0M-4.2%	$597.0M+53.1%	$390.0M
Capital Expenditures	$350.0M-54.7%	$772.0M+128.4%	$338.0M+141.4%	$140.0M-73.0%	$518.0M+145.5%	$211.0M
Free Cash Flow	$413.0M+1488.5%	$26.0M-93.3%	$387.0M-10.4%	$432.0M+446.8%	$79.0M-55.9%	$179.0M
Investing Cash Flow	-$1.1B-208.0%	-$351.0M+58.9%	-$854.0M-794.3%	$123.0M+117.2%	-$714.0M+72.1%	-$2.6B
Financing Cash Flow	$330.0M+173.0%	-$452.0M-879.3%	$58.0M+109.6%	-$605.0M-635.4%	$113.0M-94.8%	$2.2B
Dividends Paid	$280.0M+6.5%	$263.0M+7.8%	$244.0M+320.7%	$58.0M	$0	$0
Share Buybacks	N/A	$0-100.0%	$3.0M	$0	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$274.0M+48.1%	$185.0M-25.1%	$247.0M+62.5%	$152.0M-7.9%	$165.0M-31.5%	$241.0M+31.0%	$184.0M-18.2%	$225.0M
Capital Expenditures	$143.0M+76.5%	$81.0M+14.1%	$71.0M-21.1%	$90.0M+11.1%	$81.0M-17.3%	$98.0M-34.7%	$150.0M-25.4%	$201.0M
Free Cash Flow	$131.0M+26.0%	$104.0M-40.9%	$176.0M+183.9%	$62.0M-26.2%	$84.0M-41.3%	$143.0M+320.6%	$34.0M+41.7%	$24.0M
Investing Cash Flow	-$130.0M-85.7%	-$70.0M-29.6%	-$54.0M+95.8%	-$1.3B-1683.3%	-$72.0M-1.4%	-$71.0M+44.5%	-$128.0M+33.3%	-$192.0M
Financing Cash Flow	-$120.0M+3.2%	-$124.0M+30.3%	-$178.0M-115.9%	$1.1B+1941.0%	-$61.0M+67.0%	-$185.0M-516.7%	-$30.0M+37.5%	-$48.0M
Dividends Paid	$83.0M0.0%	$83.0M+10.7%	$75.0M+5.6%	$71.0M0.0%	$71.0M+6.0%	$67.0M0.0%	$67.0M0.0%	$67.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0

DTM Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	49.9%-1.2pp	51.1%-0.9pp	52.0%+4.1pp	47.9%-7.1pp	54.9%+3.1pp	51.8%
Net Margin	36.1%-5.6pp	41.6%+1.4pp	40.2%+3.7pp	36.5%-4.8pp	41.4%+0.9pp	40.5%
Return on Equity	7.6%-1.6pp	9.3%+0.1pp	9.2%+1.3pp	7.9%+0.5pp	7.4%+1.9pp	5.5%
Return on Assets	3.6%-0.7pp	4.3%+0.1pp	4.2%+0.4pp	3.8%+0.0pp	3.7%+1.1pp	2.6%
Current Ratio	0.73+0.1	0.63+0.2	0.43-1.6	2.03+1.9	0.15	N/A
Debt-to-Equity	0.72-0.0	0.74-0.0	0.76-0.0	0.78+0.8	0.00-1.1	1.09
FCF Margin	42.1%+39.3pp	2.8%-39.3pp	42.1%-9.4pp	51.4%+40.9pp	10.5%-25.0pp	35.5%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	49.4%-0.8pp	50.2%+1.3pp	48.8%+3.5pp	45.4%-7.9pp	53.3%+1.6pp	51.7%+2.5pp	49.2%-3.8pp	53.0%
Net Margin	36.6%+2.0pp	34.6%-1.0pp	35.6%+6.3pp	29.3%-10.0pp	39.3%-1.1pp	40.4%-9.2pp	49.6%+10.7pp	38.9%
Return on Equity	2.5%+0.2pp	2.3%-0.0pp	2.3%+0.8pp	1.6%-0.7pp	2.3%-0.0pp	2.3%-0.6pp	2.9%+0.7pp	2.2%
Return on Assets	1.1%+0.1pp	1.1%-0.0pp	1.1%+0.4pp	0.7%-0.3pp	1.1%-0.0pp	1.1%-0.3pp	1.4%+0.3pp	1.0%
Current Ratio	0.92+0.0	0.88+0.1	0.82+0.1	0.73-0.1	0.84+0.1	0.71+0.1	0.63+0.2	0.47
Debt-to-Equity	0.710.0	0.710.0	0.720.0	0.72-0.0	0.730.0	0.740.0	0.74-0.0	0.75
FCF Margin	41.7%+8.1pp	33.7%-24.4pp	58.1%+33.2pp	24.9%-9.5pp	34.4%-25.1pp	59.6%+45.6pp	13.9%+3.7pp	10.3%

Note: The current ratio is below 1.0 (0.73), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Plains All Amer PAA

$14.2B

Western Midstream Partners Lp WES

$17.7B

Viper Energy VNOM

$7.5B

Pembina Pipeline PBA

$25.8B

Tc Energy Corporation TRP

$66.1B

Frequently Asked Questions

What is Dt Midstream Inc's annual revenue?

Dt Midstream Inc (DTM) reported $981.0M in total revenue for fiscal year 2024. This represents a 6.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Dt Midstream Inc's revenue growing?

Dt Midstream Inc (DTM) revenue grew by 6.4% year-over-year, from $922.0M to $981.0M in fiscal year 2024.

Is Dt Midstream Inc profitable?

Yes, Dt Midstream Inc (DTM) reported a net income of $354.0M in fiscal year 2024, with a net profit margin of 36.1%.

What is Dt Midstream Inc's earnings per share (EPS)?

Dt Midstream Inc (DTM) reported diluted earnings per share of $3.60 for fiscal year 2024. This represents a -8.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Dt Midstream Inc's EBITDA?

Dt Midstream Inc (DTM) had EBITDA of $698.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Dt Midstream Inc have?

As of fiscal year 2024, Dt Midstream Inc (DTM) had $68.0M in cash and equivalents against $3.3B in long-term debt.

What is Dt Midstream Inc's operating margin?

Dt Midstream Inc (DTM) had an operating margin of 49.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Dt Midstream Inc's net profit margin?

Dt Midstream Inc (DTM) had a net profit margin of 36.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Dt Midstream Inc pay dividends?

Yes, Dt Midstream Inc (DTM) paid $2.94 per share in dividends during fiscal year 2024.

What is Dt Midstream Inc's return on equity (ROE)?

Dt Midstream Inc (DTM) has a return on equity of 7.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Dt Midstream Inc's free cash flow?

Dt Midstream Inc (DTM) generated $413.0M in free cash flow during fiscal year 2024. This represents a 1488.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Dt Midstream Inc's operating cash flow?

Dt Midstream Inc (DTM) generated $763.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Dt Midstream Inc's total assets?

Dt Midstream Inc (DTM) had $9.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Dt Midstream Inc's capital expenditures?

Dt Midstream Inc (DTM) invested $350.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Dt Midstream Inc have outstanding?

Dt Midstream Inc (DTM) had 101M shares outstanding as of fiscal year 2024.

What is Dt Midstream Inc's current ratio?

Dt Midstream Inc (DTM) had a current ratio of 0.73 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Dt Midstream Inc's debt-to-equity ratio?

Dt Midstream Inc (DTM) had a debt-to-equity ratio of 0.72 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Dt Midstream Inc's return on assets (ROA)?

Dt Midstream Inc (DTM) had a return on assets of 3.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Dt Midstream Inc's Altman Z-Score?

Dt Midstream Inc (DTM) has an Altman Z-Score of 1.92, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Dt Midstream Inc's Piotroski F-Score?

Dt Midstream Inc (DTM) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Dt Midstream Inc's earnings high quality?

Dt Midstream Inc (DTM) has an earnings quality ratio of 2.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Dt Midstream Inc cover its interest payments?

Dt Midstream Inc (DTM) has an interest coverage ratio of 3.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Dt Midstream Inc?

Dt Midstream Inc (DTM) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.