DT MIDSTREAM INC (DTM) Stock Fundamental Analysis

NYSE:DTM • US23345M1071

132.33 USD
-1.15 (-0.86%)
At close: Feb 19, 2026
132.33 USD
0 (0%)
After Hours: 2/19/2026, 8:04:00 PM
Fundamental Rating

3

Overall DTM gets a fundamental rating of 3 out of 10. We evaluated DTM against 206 industry peers in the Oil, Gas & Consumable Fuels industry. While DTM is still in line with the averages on profitability rating, there are concerns on its financial health. DTM is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • DTM had positive earnings in the past year.
  • DTM had a positive operating cash flow in the past year.
  • Of the past 5 years DTM 4 years were profitable.
  • Of the past 5 years DTM 4 years had a positive operating cash flow.
DTM Yearly Net Income VS EBIT VS OCF VS FCFDTM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

1.2 Ratios

  • DTM has a Return On Assets (4.01%) which is in line with its industry peers.
  • Looking at the Return On Equity, with a value of 8.57%, DTM is in line with its industry, outperforming 54.85% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 4.47%, DTM is doing worse than 60.19% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for DTM is significantly below the industry average of 21.98%.
  • The 3 year average ROIC (3.99%) for DTM is below the current ROIC(4.47%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.01%
ROE 8.57%
ROIC 4.47%
ROA(3y)4.01%
ROA(5y)3.91%
ROE(3y)8.72%
ROE(5y)8.35%
ROIC(3y)3.99%
ROIC(5y)3.95%
DTM Yearly ROA, ROE, ROICDTM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • DTM has a Profit Margin of 34.30%. This is amongst the best in the industry. DTM outperforms 90.29% of its industry peers.
  • DTM's Profit Margin has declined in the last couple of years.
  • DTM has a better Operating Margin (48.60%) than 91.75% of its industry peers.
  • In the last couple of years the Operating Margin of DTM has remained more or less at the same level.
Industry RankSector Rank
OM 48.6%
PM (TTM) 34.3%
GM N/A
OM growth 3Y-0.02%
OM growth 5Y-0.84%
PM growth 3Y-0.42%
PM growth 5Y-2.27%
GM growth 3YN/A
GM growth 5YN/A
DTM Yearly Profit, Operating, Gross MarginsDTM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), DTM is destroying value.
  • DTM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
DTM Yearly Shares OutstandingDTM Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
DTM Yearly Total Debt VS Total AssetsDTM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • DTM has an Altman-Z score of 1.92. This is not the best score and indicates that DTM is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of DTM (1.92) is better than 63.11% of its industry peers.
  • The Debt to FCF ratio of DTM is 7.02, which is on the high side as it means it would take DTM, 7.02 years of fcf income to pay off all of its debts.
  • DTM has a Debt to FCF ratio (7.02) which is in line with its industry peers.
  • A Debt/Equity ratio of 0.71 indicates that DTM is somewhat dependend on debt financing.
  • DTM has a worse Debt to Equity ratio (0.71) than 60.68% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF 7.02
Altman-Z 1.92
ROIC/WACC0.59
WACC7.62%
DTM Yearly LT Debt VS Equity VS FCFDTM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.3 Liquidity

  • DTM has a Current Ratio of 0.92. This is a bad value and indicates that DTM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • DTM has a worse Current ratio (0.92) than 61.65% of its industry peers.
  • DTM has a Quick Ratio of 0.92. This is a bad value and indicates that DTM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • DTM has a Quick ratio (0.92) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.92
Quick Ratio 0.92
DTM Yearly Current Assets VS Current LiabilitesDTM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 1B 2B 3B

4

3. Growth

3.1 Past

  • DTM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.72%, which is quite good.
  • Measured over the past 5 years, DTM shows a small growth in Earnings Per Share. The EPS has been growing by 7.49% on average per year.
EPS 1Y (TTM)19.72%
EPS 3Y7.49%
EPS 5YN/A
EPS Q2Q%47.95%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

  • DTM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.79% yearly.
  • Based on estimates for the next years, DTM will show a quite strong growth in Revenue. The Revenue will grow by 9.50% on average per year.
EPS Next Y14.51%
EPS Next 2Y12.22%
EPS Next 3Y7.86%
EPS Next 5Y11.79%
Revenue Next Year8.29%
Revenue Next 2Y7.9%
Revenue Next 3Y8.8%
Revenue Next 5Y9.5%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
DTM Yearly Revenue VS EstimatesDTM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 500M 1B 1.5B 2B
DTM Yearly EPS VS EstimatesDTM Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2 4 6 8

1

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 30.70, which means the current valuation is very expensive for DTM.
  • Based on the Price/Earnings ratio, DTM is valued a bit more expensive than the industry average as 60.19% of the companies are valued more cheaply.
  • DTM is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.09, which is the current average of the S&P500 Index.
  • DTM is valuated quite expensively with a Price/Forward Earnings ratio of 26.81.
  • DTM's Price/Forward Earnings ratio is in line with the industry average.
  • DTM's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.98.
Industry RankSector Rank
PE 30.7
Fwd PE 26.81
DTM Price Earnings VS Forward Price EarningsDTM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, DTM is valued a bit more expensive than the industry average as 68.45% of the companies are valued more cheaply.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as DTM.
Industry RankSector Rank
P/FCF 28.44
EV/EBITDA 20.8
DTM Per share dataDTM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates DTM does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.12
PEG (5Y)N/A
EPS Next 2Y12.22%
EPS Next 3Y7.86%

3

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.46%, DTM has a reasonable but not impressive dividend return.
  • DTM's Dividend Yield is comparable with the industry average which is at 3.56.
  • Compared to an average S&P500 Dividend Yield of 1.85, DTM pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.46%

5.2 History

  • DTM has been paying a dividend for over 5 years, so it has already some track record.
  • DTM has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years3
DTM Yearly Dividends per shareDTM Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • 77.42% of the earnings are spent on dividend by DTM. This is not a sustainable payout ratio.
DP77.42%
EPS Next 2Y12.22%
EPS Next 3Y7.86%
DTM Yearly Income VS Free CF VS DividendDTM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
DTM Dividend Payout.DTM Dividend Payout, showing the Payout Ratio.DTM Dividend Payout.PayoutRetained Earnings

DT MIDSTREAM INC

NYSE:DTM (2/19/2026, 8:04:00 PM)

After market: 132.33 0 (0%)

132.33

-1.15 (-0.86%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-19
Earnings (Next)N/A
Inst Owners89.44%
Inst Owner ChangeN/A
Ins Owners0.35%
Ins Owner Change7.11%
Market Cap13.45B
Revenue(TTM)N/A
Net Income(TTM)403.00M
Analysts75
Price Target126.35 (-4.52%)
Short Float %4.06%
Short Ratio5.72
Dividend
Industry RankSector Rank
Dividend Yield 2.46%
Yearly Dividend2.83
Dividend Growth(5Y)N/A
DP77.42%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.38%
Min EPS beat(2)1.53%
Max EPS beat(2)5.24%
EPS beat(4)2
Avg EPS beat(4)-3.94%
Min EPS beat(4)-18.87%
Max EPS beat(4)5.24%
EPS beat(8)5
Avg EPS beat(8)2.7%
EPS beat(12)7
Avg EPS beat(12)0.89%
EPS beat(16)9
Avg EPS beat(16)0.13%
Revenue beat(2)2
Avg Revenue beat(2)2.26%
Min Revenue beat(2)1.31%
Max Revenue beat(2)3.21%
Revenue beat(4)3
Avg Revenue beat(4)1.21%
Min Revenue beat(4)-3.07%
Max Revenue beat(4)3.37%
Revenue beat(8)6
Avg Revenue beat(8)1.21%
Revenue beat(12)8
Avg Revenue beat(12)-0.43%
Revenue beat(16)11
Avg Revenue beat(16)-0.33%
PT rev (1m)3.62%
PT rev (3m)8.79%
EPS NQ rev (1m)1.44%
EPS NQ rev (3m)3.54%
EPS NY rev (1m)0.38%
EPS NY rev (3m)1.5%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)0.73%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.64%
Valuation
Industry RankSector Rank
PE 30.7
Fwd PE 26.81
P/S 11.45
P/FCF 28.44
P/OCF 15.68
P/B 2.86
P/tB 6.58
EV/EBITDA 20.8
EPS(TTM)4.31
EY3.26%
EPS(NY)4.94
Fwd EY3.73%
FCF(TTM)4.65
FCFY3.52%
OCF(TTM)8.44
OCFY6.38%
SpS11.56
BVpS46.25
TBVpS20.1
PEG (NY)2.12
PEG (5Y)N/A
Graham Number66.97
Profitability
Industry RankSector Rank
ROA 4.01%
ROE 8.57%
ROCE 5.88%
ROIC 4.47%
ROICexc 4.51%
ROICexgc 6.24%
OM 48.6%
PM (TTM) 34.3%
GM N/A
FCFM 40.26%
ROA(3y)4.01%
ROA(5y)3.91%
ROE(3y)8.72%
ROE(5y)8.35%
ROIC(3y)3.99%
ROIC(5y)3.95%
ROICexc(3y)4.01%
ROICexc(5y)3.98%
ROICexgc(3y)5.61%
ROICexgc(5y)5.69%
ROCE(3y)5.38%
ROCE(5y)5.91%
ROICexgc growth 3Y-3.85%
ROICexgc growth 5Y4.27%
ROICexc growth 3Y-1.72%
ROICexc growth 5Y7.01%
OM growth 3Y-0.02%
OM growth 5Y-0.84%
PM growth 3Y-0.42%
PM growth 5Y-2.27%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF 7.02
Debt/EBITDA 4.14
Cap/Depr 166.67%
Cap/Sales 32.77%
Interest Coverage 4.23
Cash Conversion 106.98%
Profit Quality 117.37%
Current Ratio 0.92
Quick Ratio 0.92
Altman-Z 1.92
F-Score4
WACC7.62%
ROIC/WACC0.59
Cap/Depr(3y)263.49%
Cap/Depr(5y)243.12%
Cap/Sales(3y)52.05%
Cap/Sales(5y)48.3%
Profit Quality(3y)76.01%
Profit Quality(5y)78.81%
High Growth Momentum
Growth
EPS 1Y (TTM)19.72%
EPS 3Y7.49%
EPS 5YN/A
EPS Q2Q%47.95%
EPS Next Y14.51%
EPS Next 2Y12.22%
EPS Next 3Y7.86%
EPS Next 5Y11.79%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next Year8.29%
Revenue Next 2Y7.9%
Revenue Next 3Y8.8%
Revenue Next 5Y9.5%
EBIT growth 1Y15.12%
EBIT growth 3Y5.28%
EBIT growth 5Y13.29%
EBIT Next Year96.72%
EBIT Next 3Y30.9%
EBIT Next 5Y22.42%
FCF growth 1Y2250%
FCF growth 3Y-1.49%
FCF growth 5Y18.2%
OCF growth 1Y12.16%
OCF growth 3Y10.08%
OCF growth 5Y14.36%

DT MIDSTREAM INC / DTM FAQ

What is the ChartMill fundamental rating of DT MIDSTREAM INC (DTM) stock?

ChartMill assigns a fundamental rating of 4 / 10 to DTM.


What is the valuation status for DTM stock?

ChartMill assigns a valuation rating of 2 / 10 to DT MIDSTREAM INC (DTM). This can be considered as Overvalued.


Can you provide the profitability details for DT MIDSTREAM INC?

DT MIDSTREAM INC (DTM) has a profitability rating of 5 / 10.


Can you provide the PE and PB ratios for DTM stock?

The Price/Earnings (PE) ratio for DT MIDSTREAM INC (DTM) is 30.7 and the Price/Book (PB) ratio is 2.86.


What is the earnings growth outlook for DT MIDSTREAM INC?

The Earnings per Share (EPS) of DT MIDSTREAM INC (DTM) is expected to grow by 14.51% in the next year.