DTM vs. SHEL: DT Midstream vs. Shell Stock Comparison

November 11, 2026

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

Shell (SHEL) has more than two decades of public-market history since March 12, 1984, whereas DT Midstream (DTM) listed on July 1, 2021 and has a much shorter record to draw on.

DT Midstream (DTM) trades as ordinary local shares, while Shell (SHEL) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for DT Midstream (DTM) and Shell (SHEL)
Profile Item	DTM	SHEL
Name	DT Midstream, Inc.	Shell plc American Depositary Shares (Each representing two Ordinary shares)
Country/Region	United States	United Kingdom
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	Integrated Oil & Gas
Market Capitalization	11.60 billion USD	280.59 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 1, 2021	March 12, 1984
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

DTM

SHEL

GSPC

DT Midstream (DTM) vs. Shell (SHEL), 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 Shell (SHEL). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for DT Midstream (DTM) and Shell (SHEL)
Metric	DTM	SHEL
Total Return (1Y)	4.08%	36.30%
Total Return (3Y, Annualized)	32.58%	19.93%
Total Return (5Y, Annualized)	23.68%	21.02%

Risk Profile

Drawdown History

DTM

SHEL

GSPC

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

Risk Metrics

Risk profile metrics for DT Midstream (DTM) and Shell (SHEL)
Metric	DTM	SHEL
Volatility (1Y, Annualized)	23.13%	23.60%
Beta (5Y)	0.75	0.10
Max Drawdown (5Y)	-24.59%	-25.04%
Avg. Volume (3M)	983.33K	6.01M

Risk-Adjusted Performance

Risk-Return Positioning

DTM and SHEL 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 Shell (SHEL)
Metric	DTM	SHEL
Sharpe Ratio (1Y)	-0.01	1.36
Sortino Ratio (1Y)	-0.01	1.99

Profitability

ROE (TTM)

Both DT Midstream (DTM) at 9.92% and Shell (SHEL) at 17.43% 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%

SHEL

Energy industry group

17.43%

Max: 53.85%
Q3: 24.79%
SHEL: 17.43%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

DT Midstream (DTM) vs. Shell (SHEL): 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 Shell (SHEL) at 10.18%, 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%

SHEL

Energy industry group

10.18%

Max: 56.92%
Q3: 22.92%
SHEL: 10.18%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

DT Midstream (DTM) vs. Shell (SHEL): 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 Shell (SHEL) at 18.76%, 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%

SHEL

Energy industry group

18.76%

Max: 71.31%
Q3: 33.75%
SHEL: 18.76%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

DT Midstream (DTM) vs. Shell (SHEL): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for DT Midstream (DTM) and Shell (SHEL)
Metric	DTM	SHEL
ROE (TTM)	9.92%	17.43%
ROA (TTM)	4.05%	7.67%
Net Margin (TTM)	35.36%	10.18%
Operating Margin (TTM)	49.11%	18.76%
Gross Margin (TTM)	75.38%	26.93%

Growth

Revenue Growth

DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while Shell (SHEL) at -6.13% is closer to the peer norm — faster top-line expansion for DTM.

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

EPS Growth

Both DT Midstream (DTM) at 19.44% and Shell (SHEL) at 18.58% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

DT Midstream (DTM) vs. Shell (SHEL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DT Midstream (DTM) and Shell (SHEL)
Metric	DTM	SHEL
Revenue Growth (YoY)	26.71%	-6.13%
Revenue Growth (3Y CAGR)	10.55%	-11.21%
EPS Growth (YoY)	19.44%	18.58%
EPS Growth (3Y CAGR)	4.12%	-19.31%

Financial Strength

Current Ratio (MRQ)

Both DT Midstream (DTM) at 1.16 and Shell (SHEL) at 1.38 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

SHEL

Energy industry group

1.38

Max: 3.64
Q3: 2.21
Median: 1.41
SHEL: 1.38
Q1: 0.88
Min: 0.24

DT Midstream (DTM) vs. Shell (SHEL): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both DT Midstream (DTM) at 0.67 and Shell (SHEL) at 0.38 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

SHEL

Energy industry group

0.38

Max: 1.75
Q3: 0.93
Median: 0.54
SHEL: 0.38
Q1: 0.30
Min: 0.00

DT Midstream (DTM) vs. Shell (SHEL): 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 Shell (SHEL)
Metric	DTM	SHEL
Current Ratio (MRQ)	1.16	1.38
Debt / Equity (MRQ)	0.67	0.38
Net Debt / EBITDA	3.30	0.59

Dividends

Dividend Yield (TTM)

Both DT Midstream (DTM) at 3.07% and Shell (SHEL) at 1.54% 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%

SHEL

Energy industry group

1.54%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
SHEL: 1.54%
Q1: 0.00%
Min: 0.00%

DT Midstream (DTM) vs. Shell (SHEL): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Shell (SHEL) at 26.24% 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%

SHEL

Energy industry group

26.24%

Max: 133.24%
Q3: 53.31%
SHEL: 26.24%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

DT Midstream (DTM) vs. Shell (SHEL): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for DT Midstream (DTM) and Shell (SHEL)
Metric	DTM	SHEL
Dividend Yield (TTM)	3.07%	1.54%
Dividend Payout Ratio (TTM)	75.38%	26.24%

Valuation

P/E Ratio (TTM)

Shell (SHEL) at 8.60 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

SHEL

Energy industry group

8.60

Max: 39.54
Q3: 21.72
Median: 12.19
SHEL: 8.60
Q1: 7.71
Min: 2.99

DT Midstream (DTM) vs. Shell (SHEL): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Shell (SHEL) at 0.87 sits in the cheaper P/S ratio quartile while DT Midstream (DTM) at 8.70 prices above its industry range — a wide gap in sales valuation between them.

DTM

Energy industry group

8.70

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

SHEL

Energy industry group

0.87

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
SHEL: 0.87
Min: 0.00

DT Midstream (DTM) vs. Shell (SHEL): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Shell (SHEL) at 1.43 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

SHEL

Energy industry group

1.43

Max: 4.21
Q3: 2.38
Median: 1.51
SHEL: 1.43
Q1: 1.08
Min: 0.01

DT Midstream (DTM) vs. Shell (SHEL): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for DT Midstream (DTM) and Shell (SHEL)
Metric	DTM	SHEL
P/E Ratio (TTM)	24.76	8.60
P/S Ratio (TTM)	8.70	0.87
P/B Ratio (MRQ)	2.41	1.43
Free Cash Flow Yield (TTM)	2.27%	10.35%