DT Midstream Inc (DTM)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 504,000 | 500,000 | 482,000 | 422,000 | 440,000 |
| Revenue | US$ in thousands | 981,000 | 922,000 | 920,000 | 840,000 | 754,000 |
| Pretax margin | 51.38% | 54.23% | 52.39% | 50.24% | 58.36% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $504,000K ÷ $981,000K
= 51.38%
Based on the provided data, DT Midstream Inc's pretax margin has displayed some fluctuations over the past five years. The pretax margin indicates the company's efficiency in generating profits before accounting for taxes on its revenue.
In December 2020, DT Midstream Inc's pretax margin stood at 58.36%, reflecting a strong profitability level. However, by the end of December 2021, the pretax margin had decreased to 50.24%, indicating a slight decline in profitability.
Subsequently, in December 2022, the pretax margin slightly improved to 52.39%, showing a modest recovery in profitability. By the end of December 2023, the pretax margin further increased to 54.23%, suggesting continued improvement in the company's profitability performance.
However, by December 2024, the pretax margin dropped to 51.38%, signaling a slight decrease in profitability compared to the previous year. Overall, while there have been fluctuations in the pretax margin, DT Midstream Inc has generally maintained a reasonable level of profitability over the five-year period.
Peer comparison
Dec 31, 2024