DT Midstream Inc (DTM)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 488,000 | 470,000 | 411,000 |
| Revenue | US$ in thousands | 922,000 | 920,000 | 840,000 |
| Pretax margin | 52.93% | 51.09% | 48.93% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $488,000K ÷ $922,000K
= 52.93%
Based on the data provided, DT Midstream Inc's pretax margin has shown some variability over the past four years. The pretax margin indicates the efficiency of the company in generating profits before tax relative to its total revenue.
In 2020, DT Midstream Inc achieved a high pretax margin of 58.36%, indicating strong profitability before accounting for tax expenses. However, in the subsequent years, the pretax margin declined slightly to 50.24% in 2021 and then increased to 52.39% in 2022. Notably, in 2023, the pretax margin improved further to 54.23%, suggesting a recovery in profitability.
Overall, DT Midstream Inc has maintained relatively healthy pretax margins throughout the years, demonstrating consistent profitability levels. Continuous monitoring of pretax margins can provide insights into the company's operational efficiency, cost controls, and overall financial health.
Peer comparison
Dec 31, 2023