Oil & Gas Midstream
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DTM vs TRP
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
DTM vs TRP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $14.75B | $68.19B |
| Revenue (TTM) | $1.28B | $15.14B |
| Net Income (TTM) | $467M | $3.52B |
| Gross Margin | 63.5% | 49.8% |
| Operating Margin | 49.5% | 44.0% |
| Forward P/E | 30.5x | 17.5x |
| Total Debt | $3.40B | $60.95B |
| Cash & Equiv. | $54M | $261M |
DTM vs TRP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jun 21 | May 26 | Return |
|---|---|---|---|
| DT Midstream, Inc. (DTM) | 100 | 374.0 | +274.0% |
| TC Energy Corporati… (TRP) | 100 | 145.2 | +45.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DTM vs TRP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
DTM carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 26.7%, EPS growth 23.1%, 3Y rev CAGR 10.6%
- 278.1% 10Y total return vs TRP's 148.2%
- Lower volatility, beta 0.26, Low D/E 69.8%, current ratio 1.07x
TRP is the clearest fit if your priority is income & stability and defensive.
- Dividend streak 0 yrs, beta 0.01, yield 3.8%
- Beta 0.01, yield 3.8%, current ratio 0.63x
- Lower P/E (17.5x vs 30.5x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 26.7% revenue growth vs TRP's 10.3% | |
| Value | Lower P/E (17.5x vs 30.5x) | |
| Quality / Margins | 36.6% margin vs TRP's 23.2% | |
| Stability / Safety | Beta 0.01 vs DTM's 0.26 | |
| Dividends | 3.8% yield, vs DTM's 2.2% | |
| Momentum (1Y) | +47.3% vs TRP's +34.5% | |
| Efficiency (ROA) | 6.2% ROA vs TRP's 3.0%, ROIC 5.6% vs 5.2% |
DTM vs TRP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
DTM vs TRP — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
DTM leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
TRP is the larger business by revenue, generating $15.1B annually — 11.9x DTM's $1.3B. DTM is the more profitable business, keeping 36.6% of every revenue dollar as net income compared to TRP's 23.2%. On growth, TRP holds the edge at +199.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.3B | $15.1B |
| EBITDAEarnings before interest/tax | $905M | $9.4B |
| Net IncomeAfter-tax profit | $467M | $3.5B |
| Free Cash FlowCash after capex | $727M | $2.1B |
| Gross MarginGross profit ÷ Revenue | +63.5% | +49.8% |
| Operating MarginEBIT ÷ Revenue | +49.5% | +44.0% |
| Net MarginNet income ÷ Revenue | +36.6% | +23.2% |
| FCF MarginFCF ÷ Revenue | +57.0% | +13.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +10.9% | +199.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +22.6% | +1.1% |
Valuation Metrics
TRP leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 27.2x trailing earnings, TRP trades at a 17% valuation discount to DTM's 32.6x P/E. On an enterprise value basis, TRP's 16.2x EV/EBITDA is more attractive than DTM's 20.4x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $14.7B | $68.2B |
| Enterprise ValueMkt cap + debt − cash | $18.1B | $112.9B |
| Trailing P/EPrice ÷ TTM EPS | 32.64x | 27.21x |
| Forward P/EPrice ÷ next-FY EPS est. | 30.52x | 17.51x |
| PEG RatioP/E ÷ EPS growth rate | 4.95x | — |
| EV / EBITDAEnterprise value multiple | 20.36x | 16.17x |
| Price / SalesMarket cap ÷ Revenue | 11.87x | 6.10x |
| Price / BookPrice ÷ Book value/share | 3.04x | 2.51x |
| Price / FCFMarket cap ÷ FCF | 30.10x | 44.56x |
Profitability & Efficiency
DTM leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
DTM delivers a 9.6% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $9 for TRP. DTM carries lower financial leverage with a 0.70x debt-to-equity ratio, signaling a more conservative balance sheet compared to TRP's 1.65x. On the Piotroski fundamental quality scale (0–9), DTM scores 8/9 vs TRP's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +9.6% | +9.4% |
| ROA (TTM)Return on assets | +6.2% | +3.0% |
| ROICReturn on invested capital | +5.6% | +5.2% |
| ROCEReturn on capital employed | +6.3% | +6.2% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 6 |
| Debt / EquityFinancial leverage | 0.70x | 1.65x |
| Net DebtTotal debt minus cash | $3.4B | $60.7B |
| Cash & Equiv.Liquid assets | $54M | $261M |
| Total DebtShort + long-term debt | $3.4B | $60.9B |
| Interest CoverageEBIT ÷ Interest expense | 3.56x | 2.66x |
Total Returns (Dividends Reinvested)
DTM leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in DTM five years ago would be worth $37,811 today (with dividends reinvested), compared to $17,051 for TRP. Over the past 12 months, DTM leads with a +47.3% total return vs TRP's +34.5%. The 3-year compound annual growth rate (CAGR) favors DTM at 49.1% vs TRP's 24.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +20.2% | +18.2% |
| 1-Year ReturnPast 12 months | +47.3% | +34.5% |
| 3-Year ReturnCumulative with dividends | +231.1% | +92.1% |
| 5-Year ReturnCumulative with dividends | +278.1% | +70.5% |
| 10-Year ReturnCumulative with dividends | +278.1% | +148.2% |
| CAGR (3Y)Annualised 3-year return | +49.1% | +24.3% |
Risk & Volatility
TRP leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
TRP is the less volatile stock with a 0.01 beta — it tends to amplify market swings less than DTM's 0.26 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.26x | 0.01x |
| 52-Week HighHighest price in past year | $150.45 | $67.31 |
| 52-Week LowLowest price in past year | $98.06 | $46.29 |
| % of 52W HighCurrent price vs 52-week peak | +96.1% | +97.3% |
| RSI (14)Momentum oscillator 0–100 | 70.3 | 66.5 |
| Avg Volume (50D)Average daily shares traded | 807K | 2.1M |
Analyst Outlook
Evenly matched — DTM and TRP each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates DTM as "Hold" and TRP as "Hold". Consensus price targets imply -0.0% upside for DTM (target: $145) vs -5.3% for TRP (target: $62). For income investors, TRP offers the higher dividend yield at 3.79% vs DTM's 2.19%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $144.56 | $62.00 |
| # AnalystsCovering analysts | 13 | 19 |
| Dividend YieldAnnual dividend ÷ price | +2.2% | +3.8% |
| Dividend StreakConsecutive years of raises | 3 | 0 |
| Dividend / ShareAnnual DPS | $3.16 | $3.37 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.3% |
DTM leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TRP leads in 2 (Valuation Metrics, Risk & Volatility). 1 tied.
DTM vs TRP: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is DTM or TRP a better buy right now?
For growth investors, DT Midstream, Inc.
(DTM) is the stronger pick with 26. 7% revenue growth year-over-year, versus 10. 3% for TC Energy Corporation (TRP). TC Energy Corporation (TRP) offers the better valuation at 27. 2x trailing P/E (17. 5x forward), making it the more compelling value choice. Analysts rate DT Midstream, Inc. (DTM) a "Hold" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — DTM or TRP?
On trailing P/E, TC Energy Corporation (TRP) is the cheapest at 27.
2x versus DT Midstream, Inc. at 32. 6x. On forward P/E, TC Energy Corporation is actually cheaper at 17. 5x.
03Which is the better long-term investment — DTM or TRP?
Over the past 5 years, DT Midstream, Inc.
(DTM) delivered a total return of +278. 1%, compared to +70. 5% for TC Energy Corporation (TRP). Over 10 years, the gap is even starker: DTM returned +278. 1% versus TRP's +148. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — DTM or TRP?
By beta (market sensitivity over 5 years), TC Energy Corporation (TRP) is the lower-risk stock at 0.
01β versus DT Midstream, Inc. 's 0. 26β — meaning DTM is approximately 2753% more volatile than TRP relative to the S&P 500. On balance sheet safety, DT Midstream, Inc. (DTM) carries a lower debt/equity ratio of 70% versus 165% for TC Energy Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — DTM or TRP?
By revenue growth (latest reported year), DT Midstream, Inc.
(DTM) is pulling ahead at 26. 7% versus 10. 3% for TC Energy Corporation (TRP). On earnings-per-share growth, the picture is similar: DT Midstream, Inc. grew EPS 23. 1% year-over-year, compared to -26. 2% for TC Energy Corporation. Over a 3-year CAGR, DTM leads at 10. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — DTM or TRP?
DT Midstream, Inc.
(DTM) is the more profitable company, earning 35. 5% net margin versus 23. 2% for TC Energy Corporation — meaning it keeps 35. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DTM leads at 49. 4% versus 44. 2% for TRP. At the gross margin level — before operating expenses — DTM leads at 73. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is DTM or TRP more undervalued right now?
On forward earnings alone, TC Energy Corporation (TRP) trades at 17.
5x forward P/E versus 30. 5x for DT Midstream, Inc. — 13. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DTM: -0. 0% to $144. 56.
08Which pays a better dividend — DTM or TRP?
All stocks in this comparison pay dividends.
TC Energy Corporation (TRP) offers the highest yield at 3. 8%, versus 2. 2% for DT Midstream, Inc. (DTM).
09Is DTM or TRP better for a retirement portfolio?
For long-horizon retirement investors, TC Energy Corporation (TRP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
01), 3. 8% yield, +148. 2% 10Y return). Both have compounded well over 10 years (TRP: +148. 2%, DTM: +278. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between DTM and TRP?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: DTM is a mid-cap high-growth stock; TRP is a mid-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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