DT Midstream annual operating margin
2019
2020
2021
2022
2023
2024
2025
DT Midstream Operating Margin Growth & History (DTM)
DT Midstream's operating margin was 49.40% for fiscal 2025.
View full DT Midstream company overviewDT Midstream annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 49.40% | −0.45 pp |
| 2024 | 2024-12-31 | 49.85% | −1.24 pp |
| 2023 | 2023-12-31 | 51.08% | −0.87 pp |
| 2022 | 2022-12-31 | 51.96% | +4.10 pp |
| 2021 | 2021-12-31 | 47.86% | −7.05 pp |
| 2020 | 2020-12-31 | 54.91% | +3.12 pp |
| 2019 | 2019-12-31 | 51.79% | — |
DT Midstream quarterly operating margin
Q2.20
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 50.44% | +0.28 pp |
| Q1 2026 | 2026-03-31 | 49.40% | +0.56 pp |
| Q4 2025 | 2025-12-31 | 49.21% | +3.83 pp |
| Q3 2025 | 2025-09-30 | 49.36% | +0.17 pp |
| Q2 2025 | 2025-06-30 | 50.16% | −3.12 pp |
| Q1 2025 | 2025-03-31 | 48.84% | −2.82 pp |
| Q4 2024 | 2024-12-31 | 45.38% | −3.80 pp |
| Q3 2024 | 2024-09-30 | 49.19% | −3.80 pp |
| Q2 2024 | 2024-06-30 | 53.28% | +1.05 pp |
| Q1 2024 | 2024-03-31 | 51.67% | +1.67 pp |
| Q4 2023 | 2023-12-31 | 49.18% | +1.44 pp |
| Q3 2023 | 2023-09-30 | 52.99% | +1.50 pp |
| Q2 2023 | 2023-06-30 | 52.23% | −8.12 pp |
| Q1 2023 | 2023-03-31 | 50.00% | +1.63 pp |
| Q4 2022 | 2022-12-31 | 47.74% | −1.59 pp |
| Q3 2022 | 2022-09-30 | 51.49% | +1.49 pp |
| Q2 2022 | 2022-06-30 | 60.35% | +19.01 pp |
| Q1 2022 | 2022-03-31 | 48.37% | −2.39 pp |
| Q4 2021 | 2021-12-31 | 49.33% | −11.76 pp |
| Q3 2021 | 2021-09-30 | 50.00% | −7.47 pp |
| Q2 2021 | 2021-06-30 | 41.35% | — |
| Q1 2021 | 2021-03-31 | 50.76% | — |
| Q3 2020 | 2020-09-30 | 61.08% | — |
| Q2 2020 | 2020-06-30 | 57.47% | — |
DT Midstream operating margin trends
Over the last five reported fiscal years, DT Midstream's operating margin decreased from 54.91% to 49.40%, a change of −5.51 percentage points. The latest reported quarter, Q2 2026, shows 50.44%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review DT Midstream filings at SEC.gov ↗