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DT Midstream, Inc. (DTM)
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| Price date | EPS fiscal end | Basic P/E (×) | Diluted P/E (×) | P/S (×) | P/FCF (×) |
|---|
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DT Midstream, Inc. (DTM) · NYSE · USD · Sector unavailable · CIK 0001842022
Annual coverage: 2019-12-31–2025-12-31 (7 periods). Financial snapshot built 2026-10-09.
DTM annual financial history
All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.
See the calculation and limitations.
Annual per-share context (USD/share)
Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | Revenue / share | Total debt / share | Inputs & filing sources |
|---|---|---|---|
| 2025-12-31 | 12.13 | Unavailable | Inputs & filingsrevenue: 1243000000; averageDilutedShares: 102500000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 101673925 revenue (2026-02-19)averageDilutedShares (2026-02-19) periodEndShares (2026-02-19) |
| 2024-12-31 | 9.97 | Unavailable | Inputs & filingsrevenue: 981000000; averageDilutedShares: 98400000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 101324894 revenue (2026-02-19)averageDilutedShares (2026-02-19) periodEndShares (2026-02-19) |
| 2023-12-31 | 9.46 | Unavailable | Inputs & filingsrevenue: 922000000; averageDilutedShares: 97500000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 96971021 revenue (2026-02-19)averageDilutedShares (2026-02-19) periodEndShares (2025-02-26) |
| 2022-12-31 | 9.47 | Unavailable | Inputs & filingsrevenue: 920000000; averageDilutedShares: 97200000; totalDebt: Borrowing components do not come from the same filing; periodEndShares: 96754549 revenue (2025-02-26)averageDilutedShares (2025-02-26) periodEndShares (2024-02-16) |
| 2021-12-31 | 8.67 | 31.49 | Inputs & filingsrevenue: 840000000; averageDilutedShares: 96900000; totalDebt: 3046000000; periodEndShares: 96734010 revenue (2024-02-16)averageDilutedShares (2024-02-16) totalDebt component 1 (2023-02-16) · totalDebt component 2 (2023-02-16) · totalDebt component 3 (2023-02-16) periodEndShares (2023-02-16) |
| 2020-12-31 | 7.80 | Unavailable | Inputs & filingsrevenue: 754000000; averageDilutedShares: 96700000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date revenue (2023-02-16)averageDilutedShares (2023-02-16) |
| 2019-12-31 | 5.21 | Unavailable | Inputs & filingsrevenue: 504000000; averageDilutedShares: 96700000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date revenue (2022-02-25)averageDilutedShares (2022-02-25) |
Annual returns and cash generation (%)
Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | FCF margin (%) | FCF / net income (%) | ROCE (%) | Inputs & filing sources |
|---|---|---|---|---|
| 2025-12-31 | 35.48 | 97.14 | 6.37 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":441000000,"capex":{"accession":"0001842022-26-000003","end":"2025-12-31","filed":"2026-02-19","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001842022-26-000003","end":"2025-12-31","filed":"2026-02-19","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":1243000000,"tag":"Revenues","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"netIncome":{"value":454000000,"tag":"ProfitLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"operatingIncome":{"value":614000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"openingAssets":{"value":9935000000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"openingCurrentLiabilities":{"value":426000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"openingCapitalEmployed":{"value":9509000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":4627000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"openingTotalEquity":{"value":4766000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"openingCash":{"value":68000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: 35.478680611423975; cashConversion: 97.13656387665198; roce: 6.365002850774893 fcfMargin component 1 (2026-02-19) · fcfMargin component 2 (2026-02-19) · fcfMargin component 3 (2026-02-19)cashConversion component 1 (2026-02-19) · cashConversion component 2 (2026-02-19) · cashConversion component 3 (2026-02-19) roce component 1 (2026-02-19) · roce component 2 (2026-02-19) · roce component 3 (2026-02-19) · roce component 4 (2026-02-19) · roce component 5 (2026-02-19) |
| 2024-12-31 | 42.10 | 112.53 | 5.42 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":413000000,"capex":{"accession":"0001842022-26-000003","end":"2024-12-31","filed":"2026-02-19","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001842022-26-000003","end":"2024-12-31","filed":"2026-02-19","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":981000000,"tag":"Revenues","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"netIncome":{"value":367000000,"tag":"ProfitLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"operatingIncome":{"value":489000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"openingAssets":{"value":8982000000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"openingCurrentLiabilities":{"value":434000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-26","accession":"0001842022-25-000003","form":"10-K"},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2023-12-31"},"openingParentEquity":{"value":4139000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-26","accession":"0001842022-25-000003","form":"10-K"},"openingTotalEquity":{"value":4280000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"openingCash":{"value":56000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-26","accession":"0001842022-25-000003","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: 42.09989806320081; cashConversion: 112.5340599455041; roce: 5.4161820900481805 fcfMargin component 1 (2026-02-19) · fcfMargin component 2 (2026-02-19) · fcfMargin component 3 (2026-02-19)cashConversion component 1 (2026-02-19) · cashConversion component 2 (2026-02-19) · cashConversion component 3 (2026-02-19) roce component 1 (2025-02-26) · roce component 2 (2025-02-26) · roce component 3 (2025-02-26) · roce component 4 (2025-02-26) · roce component 5 (2025-02-26) |
| 2023-12-31 | 2.82 | 6.57 | 5.62 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":26000000,"capex":{"accession":"0001842022-26-000003","end":"2023-12-31","filed":"2026-02-19","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001842022-26-000003","end":"2023-12-31","filed":"2026-02-19","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":922000000,"tag":"Revenues","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"netIncome":{"value":396000000,"tag":"ProfitLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"operatingIncome":{"value":471000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"openingAssets":{"value":8833000000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2025-02-26","accession":"0001842022-25-000003","form":"10-K"},"openingCurrentLiabilities":{"value":614000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-16","accession":"0001842022-24-000003","form":"10-K"},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2022-12-31"},"openingParentEquity":{"value":4007000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-16","accession":"0001842022-24-000003","form":"10-K"},"openingTotalEquity":{"value":4154000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"openingCash":{"value":61000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-16","accession":"0001842022-24-000003","form":"10-K"},"openingBorrowings":{"value":null,"reason":"Borrowing components do not come from the same filing"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2022-12-31","filed":"2024-02-16","accession":"0001842022-24-000003","form":"10-K"},"openingCommonEquity":{"value":4007000000,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":8982000000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"closingCurrentLiabilities":{"value":434000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-26","accession":"0001842022-25-000003","form":"10-K"},"closingCapitalEmployed":{"value":null,"inputNames":["closingAssets","closingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2023-12-31"},"closingParentEquity":{"value":4139000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-26","accession":"0001842022-25-000003","form":"10-K"},"closingTotalEquity":{"value":4280000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-19","accession":"0001842022-26-000003","form":"10-K"},"closingCash":{"value":56000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-26","accession":"0001842022-25-000003","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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| 2022-12-31 | 42.07 | 101.31 | 5.90 | Inputs & filingsCalculation inputs: 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| 2021-12-31 | 51.43 | 135.85 | 6.16 | Inputs & filingsCalculation inputs: 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complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2021-12-31","filed":"2023-02-16","accession":"0001842022-23-000006","form":"10-K"},"closingCommonEquity":{"value":3872000000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":307000000,"tag":"NetIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-16","accession":"0001842022-24-000003","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":104000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-16","accession":"0001842022-24-000003","form":"10-K"},"pretaxIncome":{"value":422000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-16","accession":"0001842022-24-000003","form":"10-K"},"effectiveTaxRate":{"value":0.24644549763033174,"inputNames":["incomeTaxExpense","pretaxIncome"]},"nopat":{"value":302928909.9526066,"inputNames":["operatingIncome","effectiveTaxRate"]},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{"roce":{"operatingIncome":{"value":402000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"averageCapitalEmployed":{"value":6521500000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"openingCapitalEmployed":{"value":5054000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingAssets":{"value":8342000000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"openingCurrentLiabilities":{"value":3288000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"closingCapitalEmployed":{"value":7989000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingAssets":{"value":8166000000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"closingCurrentLiabilities":{"value":177000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2021-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"}}}}; fcfMargin: 51.42857142857142; cashConversion: 135.8490566037736; roce: 6.164226021620793 fcfMargin component 1 (2024-02-16) · fcfMargin component 2 (2024-02-16) · fcfMargin component 3 (2024-02-16)cashConversion component 1 (2024-02-16) · cashConversion component 2 (2024-02-16) · cashConversion component 3 (2024-02-16) roce component 1 (2022-02-25) · roce component 2 (2022-02-25) · roce component 3 (2022-02-25) · roce component 4 (2022-02-25) · roce component 5 (2022-02-25) |
| 2020-12-31 | 10.48 | 24.38 | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":79000000,"capex":{"accession":"0001842022-23-000006","end":"2020-12-31","filed":"2023-02-16","form":"10-K","start":"2020-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001842022-23-000006","end":"2020-12-31","filed":"2023-02-16","form":"10-K","start":"2020-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":754000000,"tag":"Revenues","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-16","accession":"0001842022-23-000006","form":"10-K"},"netIncome":{"value":324000000,"tag":"ProfitLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-16","accession":"0001842022-23-000006","form":"10-K"},"operatingIncome":{"value":414000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-16","accession":"0001842022-23-000006","form":"10-K"},"openingAssets":{"value":7787000000,"tag":"Assets","unit":"USD","start":null,"end":"2019-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31"},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":3724000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2019-12-31","filed":"2023-02-16","accession":"0001842022-23-000006","form":"10-K"},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":8342000000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2023-02-16","accession":"0001842022-23-000006","form":"10-K"},"closingCurrentLiabilities":{"value":3288000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"closingCapitalEmployed":{"value":null,"inputNames":["closingAssets","closingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2020-12-31"},"closingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingTotalEquity":{"value":4228000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2020-12-31","filed":"2024-02-16","accession":"0001842022-24-000003","form":"10-K"},"closingCash":{"value":42000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":312000000,"tag":"NetIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-16","accession":"0001842022-23-000006","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":116000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-16","accession":"0001842022-23-000006","form":"10-K"},"pretaxIncome":{"value":440000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-16","accession":"0001842022-23-000006","form":"10-K"},"effectiveTaxRate":{"value":0.2636363636363636,"inputNames":["incomeTaxExpense","pretaxIncome"]},"nopat":{"value":304854545.45454544,"inputNames":["operatingIncome","effectiveTaxRate"]},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 10.477453580901857; cashConversion: 24.382716049382715; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2020-12-31 fcfMargin component 1 (2023-02-16) · fcfMargin component 2 (2023-02-16) · fcfMargin component 3 (2023-02-16)cashConversion component 1 (2023-02-16) · cashConversion component 2 (2023-02-16) · cashConversion component 3 (2023-02-16) roce component 1 (2023-02-16) · roce component 2 (2022-02-25) · roce component 3 (2023-02-16) · roce component 4 (2022-02-25) |
| 2019-12-31 | 35.52 | 81.36 | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":179000000,"capex":{"accession":"0001842022-22-000006","end":"2019-12-31","filed":"2022-02-25","form":"10-K","start":"2019-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001842022-22-000006","end":"2019-12-31","filed":"2022-02-25","form":"10-K","start":"2019-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":504000000,"tag":"Revenues","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"netIncome":{"value":220000000,"tag":"ProfitLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"operatingIncome":{"value":261000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31"},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2018-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":7787000000,"tag":"Assets","unit":"USD","start":null,"end":"2019-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"closingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCapitalEmployed":{"value":null,"inputNames":["closingAssets","closingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31"},"closingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingTotalEquity":{"value":3724000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2019-12-31","filed":"2023-02-16","accession":"0001842022-23-000006","form":"10-K"},"closingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":204000000,"tag":"NetIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":72000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"pretaxIncome":{"value":292000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-25","accession":"0001842022-22-000006","form":"10-K"},"effectiveTaxRate":{"value":0.2465753424657534,"inputNames":["incomeTaxExpense","pretaxIncome"]},"nopat":{"value":196643835.61643836,"inputNames":["operatingIncome","effectiveTaxRate"]},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 35.51587301587302; cashConversion: 81.36363636363636; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31 fcfMargin component 1 (2022-02-25) · fcfMargin component 2 (2022-02-25) · fcfMargin component 3 (2022-02-25)cashConversion component 1 (2022-02-25) · cashConversion component 2 (2022-02-25) · cashConversion component 3 (2022-02-25) roce component 1 (2022-02-25) · roce component 2 (2022-02-25) |
Annual operating facts
Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | Revenue (USD) | Operating margin (%) | Net margin (%) | Inputs & filing sources |
|---|---|---|---|---|
| 2025-12-31 | 1,243,000,000.00 | 49.40 | 36.52 | Inputs & filingsrevenue: 1243000000; operatingIncome: 614000000; netIncome: 454000000 revenue (2026-02-19)operatingIncome (2026-02-19) netIncome (2026-02-19) |
| 2024-12-31 | 981,000,000.00 | 49.85 | 37.41 | Inputs & filingsrevenue: 981000000; operatingIncome: 489000000; netIncome: 367000000 revenue (2026-02-19)operatingIncome (2026-02-19) netIncome (2026-02-19) |
| 2023-12-31 | 922,000,000.00 | 51.08 | 42.95 | Inputs & filingsrevenue: 922000000; operatingIncome: 471000000; netIncome: 396000000 revenue (2026-02-19)operatingIncome (2026-02-19) netIncome (2026-02-19) |
| 2022-12-31 | 920,000,000.00 | 51.96 | 41.52 | Inputs & filingsrevenue: 920000000; operatingIncome: 478000000; netIncome: 382000000 revenue (2025-02-26)operatingIncome (2025-02-26) netIncome (2025-02-26) |
| 2021-12-31 | 840,000,000.00 | 47.86 | 37.86 | Inputs & filingsrevenue: 840000000; operatingIncome: 402000000; netIncome: 318000000 revenue (2024-02-16)operatingIncome (2024-02-16) netIncome (2024-02-16) |
| 2020-12-31 | 754,000,000.00 | 54.91 | 42.97 | Inputs & filingsrevenue: 754000000; operatingIncome: 414000000; netIncome: 324000000 revenue (2023-02-16)operatingIncome (2023-02-16) netIncome (2023-02-16) |
| 2019-12-31 | 504,000,000.00 | 51.79 | 43.65 | Inputs & filingsrevenue: 504000000; operatingIncome: 261000000; netIncome: 220000000 revenue (2022-02-25)operatingIncome (2022-02-25) netIncome (2022-02-25) |
DT Midstream, Inc. (DTM) P/E ratio history
The interactive P/E chart contains all 276 stored weekly price points (2021-07-02–2026-10-08); 276 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.
Fiscal-year-end snapshots
5 eligible fiscal-year-end observations span 2021-12-31–2025-12-31. Latest eligible diluted P/E: 28.02×; basic P/E: 27.76×, for fiscal end 2025-12-31, using the close on 2025-12-26.
Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.
Explore the P/E chart and optional reference lines · How P/E history is calculated.
Complete annual P/E history (7 fiscal periods)
| Fiscal end | Price date | Close | Price basis | Basic P/E | Diluted P/E | EPS filings |
|---|---|---|---|---|---|---|
| 2025-12-31 | 2025-12-26 | 120.48 | Adjusted close | 27.76 | 28.02 | Basic EPS (2026-02-19) Diluted EPS (2026-02-19) |
| 2024-12-31 | 2024-12-27 | 99.99 | Adjusted close | 27.55 | 27.78 | Basic EPS (2026-02-19) Diluted EPS (2026-02-19) |
| 2023-12-31 | 2023-12-29 | 54.80 | Adjusted close | 13.80 | 13.91 | Basic EPS (2026-02-19) Diluted EPS (2026-02-19) |
| 2022-12-31 | 2022-12-30 | 55.26 | Adjusted close | 14.43 | 14.50 | Basic EPS (2025-02-26) Diluted EPS (2025-02-26) |
| 2021-12-31 | 2021-12-31 | 45.77 | Adjusted close | 14.44 | 14.48 | Basic EPS (2024-02-16) Diluted EPS (2024-02-16) |
| 2020-12-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Basic EPS (2023-02-16) Diluted EPS (2023-02-16) |
| 2019-12-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Basic EPS (2022-02-25) Diluted EPS (2022-02-25) |
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