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DTM vs. OVV: DT Midstream vs. Ovintiv Stock Comparison

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

Ovintiv (OVV) has more than two decades of public-market history since April 8, 2002, 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 Ovintiv (OVV)
Profile ItemDTMOVV
NameDT Midstream, Inc.Ovintiv Inc.
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 USD16.26 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJuly 1, 2021April 8, 2002
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

DTM
OVV
GSPC
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DT Midstream (DTM) vs. Ovintiv (OVV), 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 Ovintiv (OVV). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for DT Midstream (DTM) and Ovintiv (OVV)
MetricDTMOVV
Total Return (1Y)4.08%60.20%
Total Return (3Y, Annualized)32.58%14.43%
Total Return (5Y, Annualized)23.68%13.60%

Risk Profile

Drawdown History

DTM
OVV
GSPC
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DT Midstream (DTM) vs. Ovintiv (OVV), 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 Ovintiv (OVV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for DT Midstream (DTM) and Ovintiv (OVV)
MetricDTMOVV
Volatility (1Y, Annualized)23.13%36.62%
Beta (5Y)0.750.61
Max Drawdown (5Y)-24.59%-47.13%
Avg. Volume (3M)983.33K3.34M

Risk-Adjusted Performance

Risk-Return Positioning

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DTM and OVV 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 Ovintiv (OVV)
MetricDTMOVV
Sharpe Ratio (1Y)-0.011.53
Sortino Ratio (1Y)-0.012.22

Profitability

ROE (TTM)

Both DT Midstream (DTM) at 9.92% and Ovintiv (OVV) at 12.10% 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%

OVV

Energy industry group

12.10%

Max
53.85%
Q3
24.79%
Median
12.85%
OVV
12.10%
Q1
2.03%
Min
-29.09%
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DT Midstream (DTM) vs. Ovintiv (OVV): 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 Ovintiv (OVV) at 13.13%, 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%

OVV

Energy industry group

13.13%

Max
56.92%
Q3
22.92%
OVV
13.13%
Median
10.10%
Q1
0.07%
Min
-27.38%
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DT Midstream (DTM) vs. Ovintiv (OVV): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both DT Midstream (DTM) at 49.11% and Ovintiv (OVV) at 34.32% 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%

OVV

Energy industry group

34.32%

Max
71.31%
OVV
34.32%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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DT Midstream (DTM) vs. Ovintiv (OVV): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for DT Midstream (DTM) and Ovintiv (OVV)
MetricDTMOVV
ROE (TTM)9.92%12.10%
ROA (TTM)4.05%10.13%
Net Margin (TTM)35.36%13.13%
Operating Margin (TTM)49.11%34.32%
Gross Margin (TTM)75.38%55.81%

Growth

Revenue Growth

DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while Ovintiv (OVV) at -2.67% is closer to the peer norm — faster top-line expansion for DTM.

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DT Midstream (DTM) vs. Ovintiv (OVV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both DT Midstream (DTM) at 19.44% and Ovintiv (OVV) at 13.54% 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. Ovintiv (OVV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DT Midstream (DTM) and Ovintiv (OVV)
MetricDTMOVV
Revenue Growth (YoY)26.71%-2.67%
Revenue Growth (3Y CAGR)10.55%-10.59%
EPS Growth (YoY)19.44%13.54%
EPS Growth (3Y CAGR)4.12%-30.24%

Financial Strength

Current Ratio (MRQ)

DT Midstream (DTM) at 1.16 keeps current ratio within its industry’s typical mid-range, while Ovintiv (OVV) at 0.84 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for OVV.

DTM

Energy industry group

1.16

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

OVV

Energy industry group

0.84

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
OVV
0.84
Min
0.24
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DT Midstream (DTM) vs. Ovintiv (OVV): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both DT Midstream (DTM) at 0.67 and Ovintiv (OVV) at 0.44 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

OVV

Energy industry group

0.44

Max
1.75
Q3
0.93
Median
0.54
OVV
0.44
Q1
0.30
Min
0.00
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DT Midstream (DTM) vs. Ovintiv (OVV): 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 Ovintiv (OVV)
MetricDTMOVV
Current Ratio (MRQ)1.160.84
Debt / Equity (MRQ)0.670.44
Net Debt / EBITDA3.300.91

Dividends

Dividend Yield (TTM)

Both DT Midstream (DTM) at 3.07% and Ovintiv (OVV) at 1.97% 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%

OVV

Energy industry group

1.97%

Max
8.57%
Q3
3.58%
OVV
1.97%
Median
1.71%
Q1
0.00%
Min
0.00%
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DT Midstream (DTM) vs. Ovintiv (OVV): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Ovintiv (OVV) at 23.95% 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%

OVV

Energy industry group

23.95%

Max
133.24%
Q3
53.31%
Median
25.24%
OVV
23.95%
Q1
0.00%
Min
0.00%
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DT Midstream (DTM) vs. Ovintiv (OVV): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for DT Midstream (DTM) and Ovintiv (OVV)
MetricDTMOVV
Dividend Yield (TTM)3.07%1.97%
Dividend Payout Ratio (TTM)75.38%23.95%

Valuation

P/E Ratio (TTM)

Ovintiv (OVV) at 12.08 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

OVV

Energy industry group

12.08

Max
39.54
Q3
21.72
Median
12.19
OVV
12.08
Q1
7.71
Min
2.99
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DT Midstream (DTM) vs. Ovintiv (OVV): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Ovintiv (OVV) at 1.62 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

OVV

Energy industry group

1.62

Max
5.40
Q3
2.85
Median
1.69
OVV
1.62
Q1
0.88
Min
0.00
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DT Midstream (DTM) vs. Ovintiv (OVV): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Ovintiv (OVV) at 1.41 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

OVV

Energy industry group

1.41

Max
4.21
Q3
2.38
Median
1.51
OVV
1.41
Q1
1.08
Min
0.01
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DT Midstream (DTM) vs. Ovintiv (OVV): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for DT Midstream (DTM) and Ovintiv (OVV)
MetricDTMOVV
P/E Ratio (TTM)24.7612.08
P/S Ratio (TTM)8.701.62
P/B Ratio (MRQ)2.411.41
Free Cash Flow Yield (TTM)2.27%5.54%