DTM vs. KMI: DT Midstream vs. Kinder Morgan Stock Comparison
How do DT Midstream (DTM) and Kinder Morgan (KMI) 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 Kinder Morgan (KMI) 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.
| Profile Item | DTM | KMI |
|---|---|---|
| Name | DT Midstream, Inc. | Kinder Morgan Inc. |
| Country/Region | United States | United States |
| 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 | 66.74 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 1, 2021 | February 11, 2011 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | DTM | KMI |
|---|---|---|
| Total Return (1Y) | 4.08% | 19.50% |
| Total Return (3Y, Annualized) | 32.58% | 29.33% |
| Total Return (5Y, Annualized) | 23.68% | 18.80% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Kinder Morgan (KMI) is heavily traded at around 12.88M 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.
| Metric | DTM | KMI |
|---|---|---|
| Volatility (1Y, Annualized) | 23.13% | 22.00% |
| Beta (5Y) | 0.75 | 0.60 |
| Max Drawdown (5Y) | -24.59% | -20.31% |
| Avg. Volume (3M) | 983.33K | 12.88M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | DTM | KMI |
|---|---|---|
| Sharpe Ratio (1Y) | -0.01 | 0.69 |
| Sortino Ratio (1Y) | -0.01 | 1.01 |
Profitability
ROE (TTM)
Both DT Midstream (DTM) at 9.92% and Kinder Morgan (KMI) at 11.43% 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%
KMI
Energy industry group
11.43%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- KMI
- 11.43%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
DT Midstream (DTM) at 35.36% retains a top-quartile share of revenue as profit, ahead of Kinder Morgan (KMI) at 19.64%, 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%
KMI
Energy industry group
19.64%
- Max
- 56.92%
- Q3
- 22.92%
- KMI
- 19.64%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
DT Midstream (DTM) at 49.11% operates in the top operating margin quartile, ahead of Kinder Morgan (KMI) at 24.03%, 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%
KMI
Energy industry group
24.03%
- Max
- 71.31%
- Q3
- 33.75%
- KMI
- 24.03%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | DTM | KMI |
|---|---|---|
| ROE (TTM) | 9.92% | 11.43% |
| ROA (TTM) | 4.05% | 4.44% |
| Net Margin (TTM) | 35.36% | 19.64% |
| Operating Margin (TTM) | 49.11% | 24.03% |
| Gross Margin (TTM) | 75.38% | 48.65% |
Growth
Revenue Growth
DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while Kinder Morgan (KMI) at 12.17% is closer to the peer norm — faster top-line expansion for DTM.
EPS Growth
Both DT Midstream (DTM) at 19.44% and Kinder Morgan (KMI) at 17.09% 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 | KMI |
|---|---|---|
| Revenue Growth (YoY) | 26.71% | 12.17% |
| Revenue Growth (3Y CAGR) | 10.55% | -4.09% |
| EPS Growth (YoY) | 19.44% | 17.09% |
| EPS Growth (3Y CAGR) | 4.12% | 6.95% |
Financial Strength
Current Ratio (MRQ)
DT Midstream (DTM) at 1.16 keeps current ratio within its industry’s typical mid-range, while Kinder Morgan (KMI) at 0.67 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for KMI.
DTM
Energy industry group
1.16
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- DTM
- 1.16
- Q1
- 0.88
- Min
- 0.24
KMI
Energy industry group
0.67
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- KMI
- 0.67
- Min
- 0.24
Debt / Equity (MRQ)
DT Midstream (DTM) at 0.67 carries an industry-typical debt-to-equity mix, while Kinder Morgan (KMI) at 1.02 uses more debt funding than most peers.
DTM
Energy industry group
0.67
- Max
- 1.75
- Q3
- 0.93
- DTM
- 0.67
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
KMI
Energy industry group
1.02
- Max
- 1.75
- KMI
- 1.02
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
Financial Strength Metrics
| Metric | DTM | KMI |
|---|---|---|
| Current Ratio (MRQ) | 1.16 | 0.67 |
| Debt / Equity (MRQ) | 0.67 | 1.02 |
| Net Debt / EBITDA | 3.30 | 4.23 |
Dividends
Dividend Yield (TTM)
Kinder Morgan (KMI) at 3.93% delivers top-quartile income for its industry, while DT Midstream (DTM) at 3.07% pays a more typical yield — both are credible income propositions, KMI the richer one.
DTM
Energy industry group
3.07%
- Max
- 8.57%
- Q3
- 3.58%
- DTM
- 3.07%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
KMI
Energy industry group
3.93%
- Max
- 8.57%
- KMI
- 3.93%
- Q3
- 3.58%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both DT Midstream (DTM) at 75.38% and Kinder Morgan (KMI) at 72.84% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
DTM
Energy industry group
75.38%
- Max
- 133.24%
- DTM
- 75.38%
- Q3
- 53.31%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
KMI
Energy industry group
72.84%
- Max
- 133.24%
- KMI
- 72.84%
- Q3
- 53.31%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | DTM | KMI |
|---|---|---|
| Dividend Yield (TTM) | 3.07% | 3.93% |
| Dividend Payout Ratio (TTM) | 75.38% | 72.84% |
Valuation
P/E Ratio (TTM)
Kinder Morgan (KMI) at 18.49 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
KMI
Energy industry group
18.49
- Max
- 39.54
- Q3
- 21.72
- KMI
- 18.49
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
Both look expensive on sales: Kinder Morgan (KMI) at 3.64 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
KMI
Energy industry group
3.64
- Max
- 5.40
- KMI
- 3.64
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Kinder Morgan (KMI) at 2.11 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
KMI
Energy industry group
2.11
- Max
- 4.21
- Q3
- 2.38
- KMI
- 2.11
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | DTM | KMI |
|---|---|---|
| P/E Ratio (TTM) | 24.76 | 18.49 |
| P/S Ratio (TTM) | 8.70 | 3.64 |
| P/B Ratio (MRQ) | 2.41 | 2.11 |
| Free Cash Flow Yield (TTM) | 2.27% | 1.61% |