Dt Midstream, Inc. (DTM) intrinsic value & 10-year financials
Dt Midstream, Inc. (DTM) has a Graham intrinsic value of $125.02 per share. At $123.67 on Oct 17, 2026, the stock trades 1% below that value. Over the last 8 fiscal years revenue grew 16.2% a year to $1.2B, with an average return on invested capital of 5.5%.
- Graham intrinsic value
- $125.02
- Share price (Oct 17, 2026)
- $123.67
- Price vs Graham value
- 1% below
- Market cap
- $12.7B
- Revenue (FY2025)
- $1.2B
- Revenue growth (8-yr CAGR)
- 16.2%
- ROIC (10-yr avg)
- 5.5%
- Free cash flow (FY2025)
- $441.0M
DTM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.2B | $441.0M | $4.30 | $441.0M | 49.4% | 5.7% |
| FY2024 | $981.0M | $354.0M | $3.60 | $413.0M | 49.8% | 4.6% |
| FY2023 | $922.0M | $384.0M | $3.94 | $26.0M | 51.1% | 5.2% |
| FY2022 | $920.0M | $370.0M | $3.81 | $387.0M | 52.0% | 5.4% |
| FY2021 | $840.0M | $307.0M | $3.16 | $432.0M | 47.9% | 5.4% |
| FY2020 | $754.0M | $312.0M | $3.23 | $79.0M | 54.9% | 7.2% |
| FY2019 | $504.0M | $204.0M | $2.11 | $179.0M | 51.8% | 5.2% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
DT Midstream, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
DT Midstream, Inc. has historically struggled to out-earn its cost of capital, averaging just 5.6% ROIC.
DT Midstream, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, DT Midstream, Inc. is modeled at 12.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $125.02 per share.