DT Midstream Inc (DTM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 471,000 | 478,000 | 402,000 |
| Revenue | US$ in thousands | 922,000 | 920,000 | 840,000 |
| Operating profit margin | 51.08% | 51.96% | 47.86% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $471,000K ÷ $922,000K
= 51.08%
DT Midstream Inc's operating profit margin has shown a fluctuating trend over the past four years, starting at 54.64% in 2020, then decreasing slightly to 49.88% in 2021, before increasing again to 49.46% in 2022 and further to 50.65% in 2023. This indicates that the company's ability to generate profits from its core business operations has varied over time. While the recent increase in 2023 is a positive sign, it would be advisable to closely monitor and analyze the factors influencing these fluctuations to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating profit margin
DT Midstream Inc
DTM
51.08%
Antero Midstream Partners LP
AM
58.73%
Kinder Morgan Inc
KMI
27.80%
Targa Resources Inc
TRGP
16.35%
Williams Companies Inc
WMB
39.53%