DT Midstream Inc (DTM)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 354,000 | 384,000 | 370,000 | 307,000 | 312,000 |
| Total stockholders’ equity | US$ in thousands | 4,627,000 | 4,139,000 | 4,007,000 | 3,872,000 | 4,073,000 |
| ROE | 7.65% | 9.28% | 9.23% | 7.93% | 7.66% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $354,000K ÷ $4,627,000K
= 7.65%
Based on the provided data, DT Midstream Inc's return on equity (ROE) has shown some fluctuation over the past five years. The ROE for the company was 7.66% as of December 31, 2020, and increased slightly to 7.93% by the end of December 31, 2021. Subsequently, there was a more significant improvement in ROE, reaching 9.23% by December 31, 2022, and further increasing to 9.28% by December 31, 2023. However, by the end of December 31, 2024, the ROE decreased to 7.65%.
Overall, the trend indicates a general improvement in DT Midstream Inc's ability to generate profits from shareholders' equity between 2020 and 2023, with a slight decline observed in 2024. It would be advisable to further investigate the factors contributing to these changes to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024