Last 23 quarters of trend data · Energy · Oil & Gas Midstream
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
DT Midstream, Inc.'s quarterly P/E stands at 25.9x, up 13.8% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 32.35 | 25.90 | 27.70 | 25.24 | 26.42 | 22.75 | 34.52 | 21.85 | 18.12 | 15.43 | 10.96 | 14.23 | 13.33 |
| — | +13.8% | -19.8% | +15.5% | +45.8% | +47.5% | +215.0% | +53.6% | +36.0% | +3.8% | -31.0% | +27.2% | +1.1% | |
| P/S Ratio | 11.76 | 10.29 | 9.70 | 9.23 | 9.11 | 8.16 | 10.06 | 7.77 | 7.12 | 6.22 | 5.44 | 5.51 | 5.39 |
| — | +26.1% | -3.6% | +18.7% | +27.9% | +31.2% | +84.8% | +41.0% | +32.2% | +13.8% | -2.2% | +2.9% | +2.8% | |
| P/B Ratio | 3.01 | 2.83 | 2.52 | 2.39 | 2.34 | 2.07 | 2.10 | 1.77 | 1.60 | 1.39 | 1.24 | 1.22 | 1.15 |
| — | +36.6% | +19.9% | +35.2% | +45.9% | +49.2% | +69.3% | +44.8% | +39.3% | +20.1% | -4.6% | +0.2% | -1.6% | |
| P/FCF | 29.83 | 12.35 | 68.34 | 19.84 | 11.00 | 14.05 | 40.41 | 15.54 | 20.70 | 10.44 | 39.07 | 53.75 | — |
| — | -12.1% | +69.1% | +27.7% | -46.8% | +34.6% | +3.4% | -71.1% | — | -86.1% | — | +228.9% | — | |
| EV / EBITDA | 20.21 | 14.76 | 17.24 | 16.89 | 16.36 | 15.39 | 19.70 | 14.46 | 13.39 | 12.79 | 12.32 | 12.02 | 12.33 |
| — | -4.1% | -12.5% | +16.8% | +22.1% | +20.4% | +59.8% | +20.3% | +8.6% | -1.8% | -7.3% | +3.9% | +5.1% | |
| EV / EBIT | 29.26 | — | 20.06 | 19.26 | 19.72 | 17.79 | 21.73 | 16.28 | 14.64 | 13.31 | 12.92 | 12.67 | 12.56 |
| — | — | -7.7% | +18.3% | +34.7% | +33.7% | +68.2% | +28.5% | +16.5% | +4.1% | -5.1% | +3.0% | +7.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
DT Midstream, Inc.'s operating margin was 49.4% in Q1 2026, up 0.2 pp QoQ and up 0.6 pp YoY. Gross margin expanded 39.7% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.5% | 74.7% | 51.4% | 73.2% | 53.7% | 53.5% | 48.6% | 53.2% | 57.0% | 56.7% | 51.6% | 55.6% | 53.6% |
| — | +39.7% | +5.8% | +37.6% | -5.7% | -5.6% | -5.9% | -4.2% | +6.3% | +4.8% | +3.7% | +2.0% | -0.3% | |
| Operating Margin | 49.4% | 49.4% | 49.2% | 49.4% | 50.2% | 48.8% | 45.4% | 49.2% | 53.3% | 51.7% | 49.2% | 52.6% | 50.9% |
| — | +1.1% | +8.4% | +0.3% | -5.9% | -5.5% | -7.7% | -6.4% | +4.7% | +3.3% | +3.0% | +2.1% | +1.3% | |
| Net Margin | 35.5% | 39.9% | 35.0% | 36.6% | 34.6% | 35.6% | 29.3% | 35.5% | 39.3% | 40.4% | 49.6% | 38.9% | 40.6% |
| — | +11.9% | +19.4% | +3.2% | -12.0% | -11.8% | -40.9% | -8.8% | -3.2% | +9.8% | +41.8% | -19.1% | +1.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.1% | 2.7% | 2.3% | 2.4% | 2.2% | 2.3% | 1.6% | 2.0% | 2.2% | 2.3% | 2.8% | 2.2% | 2.2% |
| — | +21.2% | +42.7% | +17.6% | +0.4% | +0.1% | -43.8% | -6.4% | +2.0% | +16.0% | +38.6% | -21.6% | -3.0% | |
| ROA | 4.3% | — | 1.1% | 1.1% | 1.1% | 1.1% | 0.8% | 1.0% | 1.1% | 1.1% | 1.4% | 1.0% | 1.0% |
| — | — | +38.0% | +14.7% | +0.5% | +0.5% | -41.9% | -3.2% | +4.1% | +19.0% | +37.6% | -23.5% | -6.8% | |
| ROIC | 5.6% | 1.9% | 1.4% | 1.4% | 1.4% | 1.4% | 1.1% | 1.3% | 1.3% | 1.2% | 1.2% | 1.2% | 1.1% |
| — | +39.3% | +28.5% | +13.0% | +9.1% | +9.0% | -7.7% | +1.4% | +14.4% | +14.0% | -0.3% | -5.9% | -8.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
DT Midstream, Inc.'s Debt/EBITDA ratio is 0.2x, down from 15.0x last quarter — comfortably within a safe range.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.70 | 0.01 | 0.70 | 0.70 | 0.71 | 0.72 | 0.74 | 0.63 | 0.74 | 0.74 | 0.76 | 0.77 | 0.76 |
| — | -98.7% | -5.5% | +11.5% | -4.1% | -2.6% | -3.3% | -18.4% | -3.8% | -12.7% | -7.3% | +2.0% | +0.5% | |
| Debt / EBITDA | 3.83 | 0.20 | 15.00 | 15.34 | 15.24 | 15.97 | 20.59 | 15.21 | 16.98 | 17.84 | 18.90 | 18.59 | 19.80 |
| — | -98.8% | -27.2% | +0.8% | -10.2% | -10.5% | +8.9% | -18.2% | -14.3% | -19.8% | -8.9% | +0.8% | +2.3% | |
| Current Ratio | 1.07 | — | 1.07 | 0.92 | 0.88 | 0.82 | 0.73 | 0.95 | 0.84 | 0.71 | 0.63 | 0.47 | 0.58 |
| — | — | +47.6% | -2.9% | +5.1% | +15.1% | +16.1% | +101.5% | +43.8% | +99.4% | +46.9% | -78.0% | -79.7% | |
| Quick Ratio | 1.07 | — | 1.07 | 0.92 | 0.88 | 0.82 | 0.73 | 0.95 | 0.84 | 0.71 | 0.63 | 0.47 | 0.58 |
| — | — | +47.6% | -2.9% | +5.1% | +15.1% | +16.1% | +101.5% | +43.8% | +99.4% | +60.3% | -78.0% | -79.7% | |
| Interest Coverage | 4.71 | 4.15 | 4.76 | 4.83 | 4.63 | 4.65 | 4.31 | 4.18 | 4.41 | 4.28 | 4.23 | 4.34 | 4.54 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying DTM stock.
DT Midstream, Inc.'s current P/E is 32.3x. The average P/E over the last 4 quarters is 26.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
DT Midstream, Inc.'s current operating margin is 49.4%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking DT Midstream, Inc.'s business trajectory between earnings reports.