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NYSE · CIK 0001842022 · NATURAL GAS TRANSMISSION

DT Midstream, Inc.

DTM chart by TradingView
P/E 32.2xP/B 3.2xP/SALES 11.5xEV/EBITDA 19.8xFCF YIELD 3.19%

PRICE HISTORY

LIVE · NYSE
DTM chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$1.2B
EBITDA
$0.9B
FREE CASH FLOW
$0.4B
EPS
$4.30
GROSS MARGIN
ROIC
5.51%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 24 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

32.2x
+130%
LATEST · Q2 FY26
32.2xQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26
13.0x32.2x

P / SALES (TTM)

11.5x
+110%
LATEST · Q2 FY26
11.5xQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26
5.2x11.5x

P / BOOK

3.2x
+170%
LATEST · Q2 FY26
3.2xQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26
1.2x3.2x

EV / EBITDA (TTM)

19.8x
+55%
LATEST · Q2 FY26
19.8xQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26
11.9x19.8x

EV / REVENUE (TTM)

13.9x
+54%
LATEST · Q2 FY26
13.9xQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26
8.4x13.9x

FCF YIELD (TTM)

3.19%
-6.4pp
LATEST · Q2 FY26
3.19%Q1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26
-0.43%10.25%

DIVIDEND YIELD (TTM)

2.32%
-2.3pp
LATEST · Q2 FY26
2.32%Q1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26
2.32%5.37%

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$0.3B
+97%
LATEST · Q2 FY26
0.3BQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26

EBITDA (DERIVED)

$0.2B
+76%
LATEST · Q2 FY26
0.2BQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26

NET INCOME

$0.1B
+58%
LATEST · Q2 FY26
0.1BQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26

EPS (DILUTED)

$1.09
+49%
LATEST · Q2 FY26
1.09Q1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26

REVENUE GROWTH YOY

11.00%
+1.9pp
LATEST · Q2 FY26
11.00%Q1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26
-1.32%27.31%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

34.11%
+3.1pp
LATEST · Q2 FY26
34.11%Q1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26
-21.43%99.53%

RETURN ON CAPITAL

5.90%
+1.3pp
LATEST · Q2 FY26
5.90%Q1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26
4.49%5.90%

RETURN ON EQUITY (TTM)

9.79%
+1.5pp
LATEST · Q2 FY26
9.79%Q1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26
7.65%9.79%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN
OPERATING MARGIN50.44%
NET MARGIN32.65%
FCF MARGIN34.11%
111.6375.3439.052.76-33.52OPERNETFCFQ1 FY20Q2 FY21Q1 FY22Q4 FY22Q3 FY23Q2 FY24Q1 FY25Q4 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$0.1B
+86%
LATEST · Q2 FY26
0.1BQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26

STOCK-BASED COMP

$0.0B
+200%
LATEST · Q2 FY26
0.0BQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26

CAPITAL EXPENDITURE

$0.1B
+12%
LATEST · Q2 FY26
0.1BQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26

SHARES OUTSTANDING

0.10B
+6%
LATEST · Q2 FY26
0.10BQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26

DIVIDEND / SHARE

$0.88
+47%
LATEST · Q2 FY26
0.88Q1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$0.2B
+365%
LATEST · Q2 FY26
0.2BQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26

TOTAL DEBT

$3.3B
+9%
LATEST · Q2 FY26
3.3BQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26

DEBT / EBITDA (TTM)

3.6x
-33%
LATEST · Q2 FY26
3.6xQ1 FY20Q4 FY21Q1 FY23Q2 FY24Q3 FY25Q2 FY26
3.6x5.4x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 90.29%INSIDERS 0.57%OTHER / RETAIL 9.14%874 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.10.70%10.9M$1.43B+0.7%
Vanguard Portfolio Management LLC5.77%5.9M$773.4MNEW
Vanguard Capital Management LLC4.47%4.6M$600.0MNEW
State Street Corporation3.18%3.2M$426.7M+1.6%
Deutsche Bank AG3.00%3.1M$401.7M-1.1%
Tortoise Capital Advisors, LLC2.95%3.0M$395.3M+0.9%
Neuberger Berman Group, LLC2.88%2.9M$386.1M+5.6%
Blackstone Inc2.63%2.7M$352.3M+20.2%
59 North Capital Management, LP2.57%2.6M$344.6M-14.0%
Geode Capital Management, LLC2.27%2.3M$303.8M-4.0%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.