Company / Operating Margin
DT Midstream Operating Margin History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
49.4%
FY2025
5-year range
47.9% / 52.0%
FY2021-FY2025
Trend
-0.9%
vs FY2024
Sector context
#5 of 80
Energy
What the data says
Among 80 Energy companies, DT Midstream is in the top 6% for operating margin. Operating Margin has declined for 3 consecutive years, from 52.0% in FY2022 to 49.4% in FY2025.
Based on SEC 10-K filings.
49.4% in FY2025 with a 5-year CAGR of -5.5%. Top quartile in the Energy sector.
Declined from 51.1% to 49.4% over the past 2 years.
Energy sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -2.6pp
- 5-Year Change
- -5.5pp
- 10-Year Change
- -
Sector benchmark
Top 6% in EnergyTop 6% of 80This company 49.4% Sector average 15.1%
▼
+227.5% above sector average
Key checks
Key Insights
- DT Midstream's operating margin has declined for 3 consecutive years.
- In FY2025, operating margin decreased 0.9% year-over-year.
- Currently 34.3pp above the Energy sector average.
- Peak operating margin was recorded in FY2020.
Company context
Key Data Points
- Altman Z-Score 0.69 (distress zone, below 1.8 threshold)
- Strong profit margin: 36.1%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 49.4% | -0.9% |
| FY2024 | 49.8% | -2.4% |
| FY2023 | 51.1% | -1.7% |
| FY2022 | 52.0% | +8.6% |
| FY2021 | 47.9% | -12.8% |
| FY2020 | 54.9% | +6.0% |
| FY2019 | 51.8% | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026