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DTM vs. DVN: DT Midstream vs. Devon Energy Stock Comparison

How do DT Midstream (DTM) and Devon Energy (DVN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

DT Midstream (DTM) and Devon Energy (DVN) both belong to the Oil, Gas & Consumable Fuels industry, though DTM is classified under Oil & Gas Storage & Transportation while DVN falls under Oil & Gas Exploration & Production.

Devon Energy (DVN) has more than two decades of public-market history since July 22, 1985, whereas DT Midstream (DTM) listed on July 1, 2021 and has a much shorter record to draw on.

Company profile comparison for DT Midstream (DTM) and Devon Energy (DVN)
Profile ItemDTMDVN
NameDT Midstream, Inc.Devon Energy Corporation
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Exploration & Production
Market Capitalization11.60 billion USD48.11 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJuly 1, 2021July 22, 1985
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

DTM
DVN
GSPC
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DT Midstream (DTM) vs. Devon Energy (DVN), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for DT Midstream (DTM) and Devon Energy (DVN). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for DT Midstream (DTM) and Devon Energy (DVN). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for DT Midstream (DTM) and Devon Energy (DVN)
MetricDTMDVN
Total Return (1Y)4.08%28.98%
Total Return (3Y, Annualized)32.58%1.94%
Total Return (5Y, Annualized)23.68%4.07%

Risk Profile

Drawdown History

DTM
DVN
GSPC
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DT Midstream (DTM) vs. Devon Energy (DVN), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for DT Midstream (DTM) and Devon Energy (DVN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Devon Energy (DVN) is heavily traded at around 10.82M shares per day, whereas DT Midstream (DTM) sees a more moderate 983.33K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for DT Midstream (DTM) and Devon Energy (DVN)
MetricDTMDVN
Volatility (1Y, Annualized)23.13%35.86%
Beta (5Y)0.750.51
Max Drawdown (5Y)-24.59%-60.83%
Avg. Volume (3M)983.33K10.82M

Risk-Adjusted Performance

Risk-Return Positioning

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DTM and DVN are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for DT Midstream (DTM) and Devon Energy (DVN)
MetricDTMDVN
Sharpe Ratio (1Y)-0.010.69
Sortino Ratio (1Y)-0.010.99

Profitability

ROE (TTM)

Both DT Midstream (DTM) at 9.92% and Devon Energy (DVN) at 12.56% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

DTM

Energy industry group

9.92%

Max
53.85%
Q3
24.79%
Median
12.85%
DTM
9.92%
Q1
2.03%
Min
-29.09%

DVN

Energy industry group

12.56%

Max
53.85%
Q3
24.79%
Median
12.85%
DVN
12.56%
Q1
2.03%
Min
-29.09%
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DT Midstream (DTM) vs. Devon Energy (DVN): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

DT Midstream (DTM) at 35.36% retains a top-quartile share of revenue as profit, ahead of Devon Energy (DVN) at 16.29%, which keeps about the industry-typical share.

DTM

Energy industry group

35.36%

Max
56.92%
DTM
35.36%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%

DVN

Energy industry group

16.29%

Max
56.92%
Q3
22.92%
DVN
16.29%
Median
10.10%
Q1
0.07%
Min
-27.38%
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DT Midstream (DTM) vs. Devon Energy (DVN): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

DT Midstream (DTM) at 49.11% operates in the top operating margin quartile, ahead of Devon Energy (DVN) at 19.84%, which runs around its industry’s norm.

DTM

Energy industry group

49.11%

Max
71.31%
DTM
49.11%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%

DVN

Energy industry group

19.84%

Max
71.31%
Q3
33.75%
DVN
19.84%
Median
18.73%
Q1
6.94%
Min
-24.52%
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DT Midstream (DTM) vs. Devon Energy (DVN): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for DT Midstream (DTM) and Devon Energy (DVN)
MetricDTMDVN
ROE (TTM)9.92%12.56%
ROA (TTM)4.05%6.52%
Net Margin (TTM)35.36%16.29%
Operating Margin (TTM)49.11%19.84%
Gross Margin (TTM)75.38%53.48%

Growth

Revenue Growth

DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while Devon Energy (DVN) at 7.83% is closer to the peer norm — faster top-line expansion for DTM.

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DT Midstream (DTM) vs. Devon Energy (DVN): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both DT Midstream (DTM) at 19.44% and Devon Energy (DVN) at -8.55% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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DT Midstream (DTM) vs. Devon Energy (DVN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DT Midstream (DTM) and Devon Energy (DVN)
MetricDTMDVN
Revenue Growth (YoY)26.71%7.83%
Revenue Growth (3Y CAGR)10.55%-3.57%
EPS Growth (YoY)19.44%-8.55%
EPS Growth (3Y CAGR)4.12%-22.96%

Financial Strength

Current Ratio (MRQ)

DT Midstream (DTM) at 1.16 keeps current ratio within its industry’s typical mid-range, while Devon Energy (DVN) at 0.70 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for DVN.

DTM

Energy industry group

1.16

Max
3.64
Q3
2.21
Median
1.41
DTM
1.16
Q1
0.88
Min
0.24

DVN

Energy industry group

0.70

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
DVN
0.70
Min
0.24
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DT Midstream (DTM) vs. Devon Energy (DVN): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Devon Energy (DVN) at 0.26 keeps leverage in the lower industry quartile, while DT Midstream (DTM) at 0.67 runs a more typical debt-to-equity mix.

DTM

Energy industry group

0.67

Max
1.75
Q3
0.93
DTM
0.67
Median
0.54
Q1
0.30
Min
0.00

DVN

Energy industry group

0.26

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
DVN
0.26
Min
0.00
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DT Midstream (DTM) vs. Devon Energy (DVN): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for DT Midstream (DTM) and Devon Energy (DVN)
MetricDTMDVN
Current Ratio (MRQ)1.160.70
Debt / Equity (MRQ)0.670.26
Net Debt / EBITDA3.301.05

Dividends

Dividend Yield (TTM)

Both DT Midstream (DTM) at 3.07% and Devon Energy (DVN) at 2.61% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

DTM

Energy industry group

3.07%

Max
8.57%
Q3
3.58%
DTM
3.07%
Median
1.71%
Q1
0.00%
Min
0.00%

DVN

Energy industry group

2.61%

Max
8.57%
Q3
3.58%
DVN
2.61%
Median
1.71%
Q1
0.00%
Min
0.00%
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DT Midstream (DTM) vs. Devon Energy (DVN): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Devon Energy (DVN) at 26.29% pays out a band-typical share of earnings, while DT Midstream (DTM) at 75.38% distributes more than its industry norm — less retained, thinner cover.

DTM

Energy industry group

75.38%

Max
133.24%
DTM
75.38%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%

DVN

Energy industry group

26.29%

Max
133.24%
Q3
53.31%
DVN
26.29%
Median
25.24%
Q1
0.00%
Min
0.00%
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DT Midstream (DTM) vs. Devon Energy (DVN): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for DT Midstream (DTM) and Devon Energy (DVN)
MetricDTMDVN
Dividend Yield (TTM)3.07%2.61%
Dividend Payout Ratio (TTM)75.38%26.29%

Valuation

P/E Ratio (TTM)

Devon Energy (DVN) at 9.91 is near its industry’s usual P/E ratio, while DT Midstream (DTM) at 24.76 sits in the richer quartile — DTM needs stronger growth or earnings quality to justify the premium.

DTM

Energy industry group

24.76

Max
39.54
DTM
24.76
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99

DVN

Energy industry group

9.91

Max
39.54
Q3
21.72
Median
12.19
DVN
9.91
Q1
7.71
Min
2.99
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DT Midstream (DTM) vs. Devon Energy (DVN): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Devon Energy (DVN) at 2.18 prices around its industry’s typical P/S ratio, while DT Midstream (DTM) at 8.70 clears its benchmark range — DTM looks notably rich on sales.

DTM

Energy industry group

8.70

DTM
8.70
Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00

DVN

Energy industry group

2.18

Max
5.40
Q3
2.85
DVN
2.18
Median
1.69
Q1
0.88
Min
0.00
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DT Midstream (DTM) vs. Devon Energy (DVN): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Devon Energy (DVN) at 1.15 is valued about in line with its industry on P/B ratio, while DT Midstream (DTM) at 2.41 carries an above-peer premium to book — DTM is pricier on assets.

DTM

Energy industry group

2.41

Max
4.21
DTM
2.41
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

DVN

Energy industry group

1.15

Max
4.21
Q3
2.38
Median
1.51
DVN
1.15
Q1
1.08
Min
0.01
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DT Midstream (DTM) vs. Devon Energy (DVN): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for DT Midstream (DTM) and Devon Energy (DVN)
MetricDTMDVN
P/E Ratio (TTM)24.769.91
P/S Ratio (TTM)8.702.18
P/B Ratio (MRQ)2.411.15
Free Cash Flow Yield (TTM)2.27%3.11%