# DT Midstream Inc. (DTM) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Energy / Oil, Gas & Fuels. Price $122.58, market value $12.5 billion.

## Valuation
- **P/E (trailing): 26.7×** (5-yr avg 18.4×, 3-yr avg 22.2×). DT Midstream Inc. trades at 26.7× trailing earnings, well above its own five-year average of 18.4×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 24.4×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.25**. A PEG of 1.25 is in the range usually read as fairly priced for its growth.
- **Price / sales: 9.4×**. Each dollar of revenue is priced at 9.4×.
- **Price / book: 2.6×**. The shares trade at 2.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 16.9×**. Enterprise value is 16.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.3%** (5-yr avg 5.6%). Free cash flow equals 4.3% of the market value, below its five-year average of 5.6%, so the shares are pricier on cash than usual.
- **Earnings yield: 3.7%**. The inverse of the P/E: 3.7% of the price is earned each year.

## Profitability
- **Operating margin: 49.4%**. 49.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 35.5%**. 35.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 9.3%**. 9.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.5%**. Return on all capital, debt included, is 6.5%.
- **Return on assets: 4.7%**. Each dollar of assets produces 4.7% of profit.

## Growth
- **Revenue growth (1 yr): 26.7%** (3-yr 10.6%/yr, 5-yr 10.5%/yr). Revenue grew 26.7% over the last year, against 10.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 19.4%** (3-yr 4.1%/yr, 5-yr 5.9%/yr). Earnings per share rose 19.4%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 4.5%/yr**. Free cash flow has compounded at 4.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.70**. Debt is 0.70 times equity, moderate leverage.
- **Net debt / EBITDA: 3.5×**. It would take 3.5 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 1.07** (quick 1.07). Current assets cover the next year's liabilities 1.07 times.
- **Altman Z-score: 2.43**. A Z-score of 2.43 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 2.87%** ($3.46 per share, trailing). DT Midstream Inc. yields 2.87%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 73%** (65% of free cash flow). 73% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 5**. 5 straight years of increases.

## Analyst view
- **Analyst consensus: buy** (15 analysts). 15 analysts cover DT Midstream Inc.; the consensus is buy, with an average price target of $148.60 (+21% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 12.7%** (YTD 2.4%, 3-mo -10.6%). The shares are up 12.7% over twelve months including dividends.
- **From 52-week high: -19.8%** (12.3% above the low). Trading 20% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 0.17** (volatility 23%). Beta of 0.17 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=DTM · Page: https://foliofundamentals.com/stocks/dtm

Not investment advice.