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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$1.2B
$441M
0.0%
49.4%
9.3%
4.4%
$441M
$3.3B
$54M
2024
$981M
$354M
0.0%
49.8%
7.7%
3.6%
$413M
$3.5B
$68M
2023
$922M
$384M
0.0%
51.1%
9.3%
4.3%
$26M
$3.2B
$56M
2022
$920M
$370M
0.0%
52.0%
9.2%
4.2%
$387M
$3.4B
$61M
2021
$840M
$307M
0.0%
47.9%
7.9%
3.8%
$432M
$3.0B
$132M
2020
$754M
$312M
0.0%
54.9%
—
3.7%
$79M
$0
$42M
2019
$504M
$204M
0.0%
51.8%
—
2.6%
$179M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Sep '26
$336M
$118M
0.0%
48.5%
2.5%
1.1%
$184M
$3.3B
$231M
Jun '26
$343M
$112M
0.0%
50.4%
2.3%
1.1%
$117M
$3.3B
$172M
Mar '26
$336M
$130M
0.0%
49.4%
2.7%
1.3%
$202M
$3.3B
$150M
Dec '25
$317M
$111M
0.0%
49.2%
2.3%
1.1%
$30M
$3.3B
$54M
Sep '25
$314M
$115M
0.0%
49.4%
2.4%
1.1%
$131M
$3.3B
$98M
Jun '25
$309M
$107M
0.0%
50.2%
2.3%
1.1%
$104M
$3.3B
$74M
Mar '25
$303M
$108M
0.0%
48.8%
2.3%
1.1%
$176M
$3.4B
$83M
Dec '24
$249M
$73M
0.0%
45.4%
1.6%
0.7%
$62M
$3.5B
$68M
Sep '24
$248M
$88M
0.0%
49.2%
2.1%
1.0%
$124M
$2.7B
$77M
Jun '24
$244M
$96M
0.0%
53.3%
2.3%
1.1%
$84M
$3.1B
$73M
Mar '24
$240M
$97M
0.0%
51.7%
2.3%
1.1%
$143M
$3.1B
$41M
Dec '23
$244M
$121M
0.0%
49.2%
2.9%
1.3%
$34M
$3.2B
$56M
Sep '23
$234M
$91M
0.0%
53.0%
2.2%
1.0%
$24M
$3.2B
$30M
Jun '23
$224M
$91M
0.0%
52.2%
2.2%
1.0%
-$48M
$3.2B
$45M
Mar '23
$220M
$81M
0.0%
50.0%
2.0%
0.9%
$16M
$3.5B
$95M
Dec '22
$243M
$85M
0.0%
47.7%
2.1%
1.0%
-$14M
$3.4B
$61M
Sep '22
$235M
$113M
0.0%
51.5%
2.8%
1.3%
$77M
$3.1B
$355M
Jun '22
$227M
$91M
0.0%
60.4%
2.3%
1.1%
$110M
$3.1B
$345M
Mar '22
$215M
$81M
0.0%
48.4%
2.1%
1.0%
$214M
$3.0B
$281M
Dec '21
$223M
$87M
0.0%
49.3%
2.2%
1.1%
$64M
$3.0B
$132M
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 28.0× (Nov '26).
The price-to-sales ratio has risen from 5.5× (Mar '23) to 9.9× (Nov '26).
The dividend yield has fallen from 4.8% (Mar '23) to 2.6% (Nov '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?
Dt Midstream, Inc.'s P/E (TTM) is 26.19 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the DTM stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 28.0× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.