DTM vs. FRO: DT Midstream vs. Frontline Stock Comparison
How do DT Midstream (DTM) and Frontline (FRO) 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 Frontline (FRO) are both classified in the Oil & Gas Storage & Transportation sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.
Frontline (FRO) has more than two decades of public-market history since August 6, 2001, whereas DT Midstream (DTM) listed on July 1, 2021 and has a much shorter record to draw on.
| Profile Item | DTM | FRO |
|---|---|---|
| Name | DT Midstream, Inc. | Frontline plc Ordinary Shares |
| Country/Region | United States | Cyprus |
| GICS Sector | Energy | Energy |
| GICS Industry Group | Energy | Energy |
| GICS Industry | Oil, Gas & Consumable Fuels | Oil, Gas & Consumable Fuels |
| GICS Sub-Industry | Oil & Gas Storage & Transportation | Oil & Gas Storage & Transportation |
| Market Capitalization | 11.60 billion USD | 10.11 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 1, 2021 | August 6, 2001 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | DTM | FRO |
|---|---|---|
| Total Return (1Y) | 4.08% | 119.28% |
| Total Return (3Y, Annualized) | 32.58% | 40.57% |
| Total Return (5Y, Annualized) | 23.68% | 52.54% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | DTM | FRO |
|---|---|---|
| Volatility (1Y, Annualized) | 23.13% | 46.26% |
| Beta (5Y) | 0.75 | 0.22 |
| Max Drawdown (5Y) | -24.59% | -52.04% |
| Avg. Volume (3M) | 983.33K | 3.68M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | DTM | FRO |
|---|---|---|
| Sharpe Ratio (1Y) | -0.01 | 2.49 |
| Sortino Ratio (1Y) | -0.01 | 3.74 |
Profitability
ROE (TTM)
Frontline (FRO) at 53.85% sits in the top ROE quartile, while DT Midstream (DTM) at 9.92% is closer to the peer norm — stronger capital efficiency for FRO.
DTM
Energy industry group
9.92%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- DTM
- 9.92%
- Q1
- 2.03%
- Min
- -29.09%
FRO
Energy industry group
53.85%
- FRO
- 53.85%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
For every dollar of sales, both DT Midstream (DTM) at 35.36% and Frontline (FRO) at 54.76% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
DTM
Energy industry group
35.36%
- Max
- 56.92%
- DTM
- 35.36%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
FRO
Energy industry group
54.76%
- Max
- 56.92%
- FRO
- 54.76%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Both DT Midstream (DTM) at 49.11% and Frontline (FRO) at 65.83% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
DTM
Energy industry group
49.11%
- Max
- 71.31%
- DTM
- 49.11%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
FRO
Energy industry group
65.83%
- Max
- 71.31%
- FRO
- 65.83%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | DTM | FRO |
|---|---|---|
| ROE (TTM) | 9.92% | 53.85% |
| ROA (TTM) | 4.05% | 14.25% |
| Net Margin (TTM) | 35.36% | 54.76% |
| Operating Margin (TTM) | 49.11% | 65.83% |
| Gross Margin (TTM) | 75.38% | 63.03% |
Growth
Revenue Growth
DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while Frontline (FRO) at -4.16% is closer to the peer norm — faster top-line expansion for DTM.
EPS Growth
Both DT Midstream (DTM) at 19.44% and Frontline (FRO) at -23.77% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | DTM | FRO |
|---|---|---|
| Revenue Growth (YoY) | 26.71% | -4.16% |
| Revenue Growth (3Y CAGR) | 10.55% | 11.17% |
| EPS Growth (YoY) | 19.44% | -23.77% |
| EPS Growth (3Y CAGR) | 4.12% | -8.37% |
Financial Strength
Current Ratio (MRQ)
Both DT Midstream (DTM) at 1.16 and Frontline (FRO) at 1.87 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
DTM
Energy industry group
1.16
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- DTM
- 1.16
- Q1
- 0.88
- Min
- 0.24
FRO
Energy industry group
1.87
- Max
- 3.64
- Q3
- 2.21
- FRO
- 1.87
- Median
- 1.41
- Q1
- 0.88
- Min
- 0.24
Debt / Equity (MRQ)
Both DT Midstream (DTM) at 0.67 and Frontline (FRO) at 0.77 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
DTM
Energy industry group
0.67
- Max
- 1.75
- Q3
- 0.93
- DTM
- 0.67
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
FRO
Energy industry group
0.77
- Max
- 1.75
- Q3
- 0.93
- FRO
- 0.77
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
Financial Strength Metrics
| Metric | DTM | FRO |
|---|---|---|
| Current Ratio (MRQ) | 1.16 | 1.87 |
| Debt / Equity (MRQ) | 0.67 | 0.77 |
| Net Debt / EBITDA | 3.30 | 1.28 |
Dividends
Dividend Yield (TTM)
DT Midstream (DTM) at 3.07% pays an industry-typical yield; Frontline (FRO) at 12.04% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.
DTM
Energy industry group
3.07%
- Max
- 8.57%
- Q3
- 3.58%
- DTM
- 3.07%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
FRO
Energy industry group
12.04%
- FRO
- 12.04%
- Max
- 8.57%
- Q3
- 3.58%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Frontline (FRO) at 46.93% 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%
FRO
Energy industry group
46.93%
- Max
- 133.24%
- Q3
- 53.31%
- FRO
- 46.93%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | DTM | FRO |
|---|---|---|
| Dividend Yield (TTM) | 3.07% | 12.04% |
| Dividend Payout Ratio (TTM) | 75.38% | 46.93% |
Valuation
P/E Ratio (TTM)
Frontline (FRO) at 6.81 sits in the cheaper P/E ratio quartile, while DT Midstream (DTM) at 24.76 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.
DTM
Energy industry group
24.76
- Max
- 39.54
- DTM
- 24.76
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
FRO
Energy industry group
6.81
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- FRO
- 6.81
- Min
- 2.99
P/S Ratio (TTM)
Both look expensive on sales: Frontline (FRO) at 3.72 sits in the upper P/S ratio quartile, and DT Midstream (DTM) at 8.70 prices even higher, above its industry range.
DTM
Energy industry group
8.70
- DTM
- 8.70
- Max
- 5.40
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
FRO
Energy industry group
3.72
- Max
- 5.40
- FRO
- 3.72
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Both DT Midstream (DTM) at 2.41 and Frontline (FRO) at 3.20 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.
DTM
Energy industry group
2.41
- Max
- 4.21
- DTM
- 2.41
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
FRO
Energy industry group
3.20
- Max
- 4.21
- FRO
- 3.20
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | DTM | FRO |
|---|---|---|
| P/E Ratio (TTM) | 24.76 | 6.81 |
| P/S Ratio (TTM) | 8.70 | 3.72 |
| P/B Ratio (MRQ) | 2.41 | 3.20 |
| Free Cash Flow Yield (TTM) | 2.27% | 2.81% |