DT Midstream
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
23.3521.74
Price/Sales ratio
9.188.72
Earnings per Share (EPS)
$4.33$4.65

Historical Multiples (2018 – 2023)

2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
17.5419.8312.9815.1114.4413.8224.1512.98
Price/Sales ratio
8.358.025.375.525.805.7510.325.37
Price/Book Value ratio
1.881.130.991.191.331.282.300.99
Price/Cash Flow ratio
11.2810.376.788.117.376.6511.886.78
Price/Free Cash Flow ratio
22.1422.6051.3010.7413.80204.2322.6922.69
Price/Earnings Growth ratio
N/A-1.740.24-9.730.694.070.24-9.73
Dividend Yield
N/AN/AN/A12.04%4.56%4.95%2.94%12.04%
Profitability Indicator Ratios
Gross Profit Margin
74.84%79.36%56.63%72.5%70.97%53.68%61.06%56.63%
Operating Profit Margin
56.28%73.01%54.90%65.59%51.95%50.65%50.81%65.59%
Pretax Profit Margin
68.24%57.93%58.35%50.23%52.39%54.22%52.35%50.23%
Net Profit Margin
47.62%40.47%41.37%36.54%40.21%41.64%41.18%41.18%
Effective Tax Rate
21.75%24.65%26.36%24.64%20.74%20.8%18.78%24.64%
Return on Assets
4.73%2.61%3.74%3.75%4.18%4.27%4.68%3.74%
Return On Equity
10.71%5.71%7.66%7.92%9.23%9.27%9.61%7.66%
Return on Capital Employed
8.79%8.38%8.19%6.89%5.81%5.46%5.95%6.89%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/A0.95N/A
Quick Ratio
0.170.080.141.890.390.620.950.14
Cash ratio
0.010.010.010.740.090.120.290.01
Days of Sales Outstanding
44.4079.66193.6377.3463.8766.9053.4777.34
Days of Inventory outstanding
N/AN/AN/A39.5030.07N/AN/A39.50
Operating Cycle
44.4079.66193.63116.8493.9466.9053.47116.84
Days of Payables Outstanding
131.63171.9743.5334.76162.6780.3564.3543.53
Cash Conversion Cycle
-87.23-92.30150.1082.08-68.72-13.44-10.8782.08
Debt Ratios
Debt Ratio
0.340.370.380.370.380.350.310.37
Debt Equity Ratio
0.780.810.770.780.840.780.630.78
Long-term Debt to Capitalization
N/AN/AN/A0.430.430.420.380.43
Total Debt to Capitalization
0.430.450.430.440.450.430.380.44
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A3.17N/A
Cash Flow to Debt Ratio
0.210.130.180.180.210.240.300.18
Company Equity Multiplier
2.262.182.042.102.202.172.032.10
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.740.770.790.680.780.860.830.79
Free Cash Flow / Operating Cash Flow Ratio
0.500.450.130.750.530.030.540.13
Cash Flow Coverage Ratio
0.210.130.180.180.210.240.300.18
Short Term Coverage Ratio
0.210.130.1857.22.194.83N/A57.2
Dividend Payout Ratio
N/AN/AN/A182.08%65.94%68.48%68.65%182.08%