DT Midstream Inc (DTM)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 504,000 | 511,000 | 517,000 | 508,000 | 500,000 | 497,000 | 493,000 | 496,000 | 482,000 | 473,000 | 456,000 | 421,000 | 422,000 | 405,000 | 443,000 | 450,000 | 440,000 |
| Revenue (ttm) | US$ in thousands | 981,000 | 976,000 | 962,000 | 942,000 | 922,000 | 921,000 | 922,000 | 925,000 | 920,000 | 900,000 | 877,000 | 858,000 | 840,000 | 825,000 | 816,000 | 782,000 | 754,000 |
| Pretax margin | 51.38% | 52.36% | 53.74% | 53.93% | 54.23% | 53.96% | 53.47% | 53.62% | 52.39% | 52.56% | 52.00% | 49.07% | 50.24% | 49.09% | 54.29% | 57.54% | 58.36% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $504,000K ÷ $981,000K
= 51.38%
Over the period from December 31, 2020, to December 31, 2024, DT Midstream Inc's pretax margin has shown some fluctuations. Starting at 58.36% in December 2020, the pretax margin gradually decreased to 49.09% by September 2021. However, there was a slight recovery to 50.24% by December 2021.
From March 2022 onwards, the pretax margin fluctuated within a narrower range, oscillating between 49.07% and 54.23% until December 2024. The highest pretax margin during this period was 54.23%, achieved in December 2023.
Overall, despite some variability, the pretax margin of DT Midstream Inc has generally shown a moderate level of stability over the analyzed period, indicating the company's ability to control pre-tax expenses relative to its revenue. Further monitoring of the pretax margin trend could provide insights into DT Midstream Inc's operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2024