DT Midstream Inc (DTM)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 384,000 | 348,000 | 370,000 | 370,000 | 370,000 | 372,000 | 333,000 | 310,000 |
| Revenue (ttm) | US$ in thousands | 922,000 | 921,000 | 922,000 | 925,000 | 920,000 | 900,000 | 877,000 | 858,000 |
| Net profit margin | 41.65% | 37.79% | 40.13% | 40.00% | 40.22% | 41.33% | 37.97% | 36.13% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $384,000K ÷ $922,000K
= 41.65%
Based on the data provided, DT Midstream Inc's net profit margin has shown fluctuations over the past eight quarters. The net profit margin measures the percentage of revenue that translates into profit after accounting for all expenses.
In Q4 2023, the net profit margin improved to 41.65%, marking a notable increase from the previous quarter. This could indicate effective cost management or higher revenue generation relative to expenses.
Comparing Q4 2023 to Q4 2022, there was a slight decrease in the net profit margin from 40.22% to 41.65%. However, it is important to note that both quarters have strong net profit margins above 40%, indicating the company's ability to generate profits efficiently.
Overall, DT Midstream Inc has demonstrated consistent profitability with relatively high net profit margins in recent quarters. Further analysis would be needed to understand the specific drivers behind the fluctuations and identify opportunities for improvement or optimization.
Peer comparison
Dec 31, 2023