DT Midstream Inc (DTM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 737,000 | 495,000 | 653,000 | 609,000 | 427,000 |
| Revenue | US$ in thousands | 981,000 | 922,000 | 920,000 | 840,000 | 754,000 |
| Gross profit margin | 75.13% | 53.69% | 70.98% | 72.50% | 56.63% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $737,000K ÷ $981,000K
= 75.13%
DT Midstream Inc's gross profit margin has shown fluctuations over the years. From December 31, 2020, to December 31, 2024, the trend has been somewhat erratic. The margin increased from 56.63% in 2020 to 72.50% in 2021, indicating a significant improvement in the company's ability to generate profit from its core operations. However, there was a slight decline in 2022 to 70.98%, followed by a more significant drop to 53.69% in 2023.
Nonetheless, in the most recent year, December 31, 2024, the gross profit margin surged to 75.13%, marking a substantial recovery and surpassing the levels seen in previous years. Overall, while there have been fluctuations, the company has managed to maintain a relatively healthy gross profit margin over the analyzed period, albeit with some volatility.
Peer comparison
Dec 31, 2024