DT Midstream Inc (DTM)

Pretax 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 488,000 485,000 481,000 484,000 470,000 462,000 445,000 410,000
Revenue (ttm) US$ in thousands 922,000 921,000 922,000 925,000 920,000 900,000 877,000 858,000
Pretax margin 52.93% 52.66% 52.17% 52.32% 51.09% 51.33% 50.74% 47.79%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $488,000K ÷ $922,000K
= 52.93%

The pretax margin of DT Midstream Inc has been relatively stable and consistently strong over the past eight quarters, ranging from 49.07% in Q1 2022 to 54.23% in Q4 2023. This indicates that the company has effectively managed its operating expenses and generated significant profits before taxes relative to its revenue during this period. The upward trend in pretax margin from Q1 2022 to Q4 2023 suggests an improvement in the company's operational efficiency and profitability. Despite some fluctuations, the overall trend reflects a positive financial performance, with the company maintaining a healthy margin of pre-tax earnings throughout the analyzed quarters.


Peer comparison

Dec 31, 2023