DT Midstream, Inc. DTM
Natural Gas Distribution · IPO 2021 · data as of November 13, 2026
DT Midstream, Inc. (DTM) is a utility company listed in the US with a market value of about $12.2B. In the twelve months to September 30, 2026 it had revenue of $1.3B and net income of $471M, a net margin of 35.4%.
Its overall Stock Analiz score is 2.2 out of 5 (weak). The strongest part is shareholder returns (4/5); the weakest is value (0/5).
Key numbers: a P/E of 26.0, a price to free cash flow of 22.9, 5-year revenue growth of 11% a year, a 5-year average ROIC of 5%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 28% below the current price.
Score: 2.2 / 5
Checks passed
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
- Positive free cash flow
- Liabilities below 60% of assets
- Pays a dividend
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 7 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $981M | $922M | $920M | $840M | $754M | $504M |
| Net income | $471M | $441M | $354M | $384M | $370M | $307M | $312M | $204M |
| Free cash flow | $533M | $441M | $413M | $26M | $387M | $432M | $79M | $179M |
| EPS (diluted) | $4.60 | $4.30 | $3.60 | $3.94 | $3.81 | $3.16 | $3.23 | $2.11 |
| Net margin | 35.4% | 35.5% | 36.1% | 41.6% | 40.2% | 36.5% | 41.4% | 40.5% |
| ROIC | — | 5.7% | 4.4% | 5.0% | 5.3% | 4.3% | 7.1% | 5.3% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 15 analysts is $148.27, 24% above the current price; targets range from $121.00 to $170.00; the consensus rating is “Buy”; expected EPS is $4.69 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is DT Midstream’s P/E ratio?
About 26.0, based on the last twelve months of diluted earnings per share (forward P/E about 24.0).
Is DT Midstream stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 28% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does DT Midstream pay a dividend?
Yes. The dividend yield is about 2.96%, and it has paid dividends for 5 years in our data.
Is DT Midstream a good stock to buy?
We do not give buy or sell advice. DT Midstream scores 2.2 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.