DT Midstream Inc (DTM)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 354,000 | 402,000 | 405,000 | 400,000 | 384,000 | 348,000 | 370,000 | 370,000 | 370,000 | 372,000 | 333,000 | 310,000 | 307,000 | 289,000 | 316,000 | 319,000 | 312,000 |
| Total stockholders’ equity | US$ in thousands | 4,627,000 | 4,218,000 | 4,197,000 | 4,166,000 | 4,139,000 | 4,079,000 | 4,052,000 | 4,023,000 | 4,007,000 | 3,978,000 | 3,923,000 | 3,890,000 | 3,872,000 | 3,839,000 | 3,830,000 | 3,888,000 | 4,073,000 |
| ROE | 7.65% | 9.53% | 9.65% | 9.60% | 9.28% | 8.53% | 9.13% | 9.20% | 9.23% | 9.35% | 8.49% | 7.97% | 7.93% | 7.53% | 8.25% | 8.20% | 7.66% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $354,000K ÷ $4,627,000K
= 7.65%
DT Midstream Inc's return on equity (ROE) has shown fluctuation over the analyzed periods. Starting at 7.66% on December 31, 2020, the ROE increased gradually to reach 9.65% by June 30, 2024, showing a positive trend overall. However, in the most recent quarter, December 31, 2024, the ROE dropped to 7.65%.
The ROE indicates the company's efficiency in generating profits from its shareholders' equity. A higher ROE generally reflects better financial performance and effective utilization of shareholder funds. The upward trend in ROE observed from 2020 to 2024 suggests an improvement in profitability and efficiency in utilizing the company's equity.
Despite the recent decline in ROE in the last quarter of 2024, the overall trend indicates a positive performance trajectory. Further analysis and comparison with industry benchmarks would help in evaluating DT Midstream Inc's ROE in a broader context and assessing its competitiveness and sustainability in the market.
Peer comparison
Dec 31, 2024