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