DT Midstream Inc (DTM)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 692,000 | 705,000 | 638,000 |
| Revenue | US$ in thousands | 922,000 | 920,000 | 840,000 |
| Gross profit margin | 75.05% | 76.63% | 75.95% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $692,000K ÷ $922,000K
= 75.05%
The gross profit margin of DT Midstream Inc has remained consistently stable at 100.00% for the past four years, indicating that the company is able to generate revenue efficiently after deducting the cost of goods sold. A gross profit margin of 100.00% signifies that the company is able to sell its products at a price significantly above the cost of production. This could be due to various factors such as effective cost management, pricing strategies, or economies of scale. Overall, the consistent high gross profit margin reflects positively on the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023