DT Midstream Inc (DTM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 384,000 | 370,000 | 307,000 |
| Revenue | US$ in thousands | 922,000 | 920,000 | 840,000 |
| Net profit margin | 41.65% | 40.22% | 36.55% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $384,000K ÷ $922,000K
= 41.65%
DT Midstream Inc has shown a consistent trend of healthy net profit margins over the past four years. The net profit margin has increased from 41.38% in 2020 to 41.65% in 2023, indicating the company's ability to efficiently convert revenue into profit. This suggests strong cost management and operational efficiency within the organization. The company's performance in generating net income relative to its revenue appears to have improved steadily over the years, reflecting positively on its overall financial health and profitability.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
DT Midstream Inc
DTM
41.65%
Antero Midstream Partners LP
AM
35.69%
Kinder Morgan Inc
KMI
15.59%
Targa Resources Inc
TRGP
8.38%
Williams Companies Inc
WMB
29.15%