7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 10.5% per year over the past 5 years.
Net income has grown slower than revenue (7.2% vs 10.5% per year).
Operating margin has contracted, at 49.4% in the latest year.
Free cash flow has grown 41.0% per year over the past 5 years.
Financial health
Total debt ($3.3B) exceeds cash ($54M); net debt is $3.3B.
Operating income covered interest expense 3.8× in the latest year.
Total debt is 3.8× EBITDA.
Shareholder returns
Dividends have been paid for 5 consecutive years, consuming 73.5% of earnings and 73.5% of free cash flow.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.2B
$441M
0.0%
49.4%
$441M
$3.3B
$54M
2024
$981M
$354M
0.0%
49.8%
$413M
$3.5B
$68M
2023
$922M
$384M
0.0%
51.1%
$26M
$3.2B
$56M
2022
$920M
$370M
0.0%
52.0%
$387M
$3.4B
$61M
2021
$840M
$307M
0.0%
47.9%
$432M
$3.0B
$132M
2020
$754M
$312M
0.0%
54.9%
$79M
$0
$42M
2019
$504M
$204M
0.0%
51.8%
$179M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$336M
$130M
0.0%
49.4%
$202M
$3.3B
$150M
Dec '25
$317M
$111M
0.0%
49.2%
$30M
$3.3B
$54M
Sep '25
$314M
$115M
0.0%
49.4%
$131M
$3.3B
$98M
Jun '25
$309M
$107M
0.0%
50.2%
$104M
$3.3B
$74M
Mar '25
$303M
$108M
0.0%
48.8%
$176M
$3.4B
$83M
Dec '24
$249M
$73M
0.0%
45.4%
$62M
$3.5B
$68M
Sep '24
$248M
$88M
0.0%
49.2%
$124M
$2.7B
$77M
Jun '24
$244M
$96M
0.0%
53.3%
$84M
$3.1B
$73M
Mar '24
$240M
$97M
0.0%
51.7%
$143M
$3.1B
$41M
Dec '23
$244M
$121M
0.0%
49.2%
$34M
$3.2B
$56M
Sep '23
$234M
$91M
0.0%
53.0%
$24M
$3.2B
$30M
Jun '23
$224M
$91M
0.0%
52.2%
-$48M
$3.2B
$45M
Mar '23
$220M
$81M
0.0%
50.0%
$16M
$3.5B
$95M
Dec '22
$243M
$85M
0.0%
47.7%
-$14M
$3.4B
$61M
Sep '22
$235M
$113M
0.0%
51.5%
$77M
$3.1B
$355M
Jun '22
$227M
$91M
0.0%
60.4%
$110M
$3.1B
$345M
Mar '22
$215M
$81M
0.0%
48.4%
$214M
$3.0B
$281M
Dec '21
$223M
$87M
0.0%
49.3%
$64M
$3.0B
$132M
Sep '21
$212M
$74M
0.0%
50.0%
$100M
$3.0B
$128M
Jun '21
$208M
$68M
0.0%
41.3%
$132M
$3.0B
$37M
Valuation over time
How the market has priced DTM against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 13.8× (Mar '23) to 34.6× (Jun '26).
The price-to-sales ratio has risen from 5.5× (Mar '23) to 12.3× (Jun '26).
The dividend yield has fallen from 4.8% (Mar '23) to 2.1% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is DTM growing its revenue and profit?
Over the past 5 years, Dt Midstream, Inc.'s revenue has grown 10.5% per year, and net income grown 7.2% per year. These are computed facts, not advice.
How much debt does DTM have?
As of FY2025, Dt Midstream, Inc. reported $3.3B of total debt against $54M of cash; operating income covered interest expense 3.8×.
What is DTM's profit margin?
In FY2025, gross margin was —, operating margin 49.4%, and net margin 35.5%.
What is DTM's P/E ratio?
As of Jun '26, Dt Midstream, Inc. traded at a price-to-earnings ratio of about 34.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.