DT Midstream Inc is an owner, operator, and developer of natural gas midstream interstate and intrastate pipelines; storage and gathering systems; and compression, treatment, and surface facilities.
It is a $12.7B utility company. Revenue grew 18.1% over the last year, it keeps 36¢ of every dollar of sales as profit, and its net debt equals ~6.8 years of free cash flow. It trades at 35.8× earnings.
- Website
- dtmidstream.com
- Location
- Detroit, MI
- Employees
- 588
- Sector
- Utilities
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong quality; Valuation lags behind.
Valuation41
- P/E vs own history71th pct · 5/25
- FCF yield3.8% · 12/25
- P/S9.7x · 12/25
- EV/EBITDA17.2x · 12/25
Growth69
- Revenue CAGR10.3% · 20/25
- Net income CAGR9.5% · 12/25
- EPS CAGR ~5Y8.0% · 12/25
- Fwd implied growth38.6% · 25/25
Profitability67
- ROIC5.5% · 5/25
- ROE9.9% · 12/25
- Net margin35.7% · 25/25
- Operating margin49.7% · 25/25
Health52
- Altman Z1.76 · 10/25
- Current ratio1.37 · 12/25
- Interest coverage29.5x · 25/25
- Net cash / debtD/A 32% · 5/25
Quality92
- Piotroski F7/9 · 22/25
- Beneish M-2.59 · 25/25
- FCF conversion103% · 25/25
- Margin stabilityσ 7.3% · 20/25
Moat50
- ROIC >12% years0/5 yrs · 0/25
- Median gross marginn/a · 0/25
- FCF-positive years5/5 yrs · 25/25
- Worst-year net marginworst 35.5% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- Q3 2026Insiders2 open-market insider purchases~2K shares bought by insiders
- FY2025FinancialRevenue crossed $1B$1.24B for the year
- FY2025FinancialBest year on record$441M net income
- FY2021FinancialProfitable every year on record5 consecutive profitable years in our data
- FY2021FinancialPositive free cash flow every year since5-year streak
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strongly profitable — 35.7% net margin
- Revenue growing 18.1% year over year
- Strong cash conversion — FCF is 36.6% of revenue
- Interest covered 29.5× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
- Altman Z-Score 1.76 — elevated financial-distress risk
- Net debt would take ~6.7 years of free cash flow to repay
- Net debt equals ~6.8 years of free cash flow
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+18.1% YoY
- Profitable — makes more than it spends$468M TTM
- Profit growing — earnings are higher than last year+4.2% YoY
- Generates cash — cash left after running and investing$480M TTM
- Debt under control — could handle its obligations~6.8y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$12.7B market cap
- Not printing shares — share count not ballooning — you keep your slice+5.8% shares over ~5y
- Proven track record — years of profitability behind it5/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 1.8 — distress
- Pays a dividend — returns cash to shareholdersyield 5.16%
- Valuation not extreme — price not wildly above earningsP/E 35.8
Peer comparisonDT Midstream, Inc. vs 6 largest utilities peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| DTM this company | $12.7B | 35.8 | +18.1% | 35.7% | Mixed |
| NEE NextEra Energy, Inc. | $161.3B | 17.4 | +10.8% | 32.4% | Strained |
| CEG Constellation Energy Corporation | $105.8B | 30.5 | +26.0% | 11.1% | Strained |
| SO The Southern Company | $99.1B | 21.3 | +6.4% | 15.4% | Strained |
| DUK Duke Energy Corporation | $90.9B | 17.3 | +6.3% | 15.8% | Strained |
| WMB Williams Companies Inc. | $89.2B | 29.0 | +8.7% | 25.2% | Strained |
| KMI Kinder Morgan, Inc. | $72.4B | 20.9 | +12.5% | 19.3% | Strained |
Head-to-head: DTM vs NEE · DTM vs CEG · DTM vs SO
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/DTM
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of DTM on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $124.01 · market cap $12.7B.