DTM vs. SLB: DT Midstream vs. SLB Stock Comparison

November 11, 2026

How do DT Midstream (DTM) and SLB (SLB) 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 SLB (SLB) both fall under the Energy industry group, but DTM is classified in Oil, Gas & Consumable Fuels while SLB is classified in Energy Equipment & Services.

SLB (SLB) has more than two decades of public-market history since December 31, 1981, 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 SLB (SLB)
Profile Item	DTM	SLB
Name	DT Midstream, Inc.	SLB N.V.
Country/Region	United States	United States
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Energy Equipment & Services
GICS Sub-Industry	Oil & Gas Storage & Transportation	Oil & Gas Equipment & Services
Market Capitalization	11.60 billion USD	73.68 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 1, 2021	December 31, 1981
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

DTM

SLB

GSPC

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

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for DT Midstream (DTM) and SLB (SLB)
Metric	DTM	SLB
Total Return (1Y)	4.08%	41.53%
Total Return (3Y, Annualized)	32.58%	1.23%
Total Return (5Y, Annualized)	23.68%	10.62%

Risk Profile

Drawdown History

DTM

SLB

GSPC

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

Risk Metrics

SLB (SLB) is heavily traded at around 12.57M 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 SLB (SLB)
Metric	DTM	SLB
Volatility (1Y, Annualized)	23.13%	37.07%
Beta (5Y)	0.75	0.80
Max Drawdown (5Y)	-24.59%	-46.63%
Avg. Volume (3M)	983.33K	12.57M

Risk-Adjusted Performance

Risk-Return Positioning

DTM and SLB 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 SLB (SLB)
Metric	DTM	SLB
Sharpe Ratio (1Y)	-0.01	1.00
Sortino Ratio (1Y)	-0.01	1.59

Profitability

ROE (TTM)

Both DT Midstream (DTM) at 9.92% and SLB (SLB) at 11.66% 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%

SLB

Energy industry group

11.66%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
SLB: 11.66%
Q1: 2.03%
Min: -29.09%

DT Midstream (DTM) vs. SLB (SLB): 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 SLB (SLB) at 8.40%, 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%

SLB

Energy industry group

8.40%

Max: 56.92%
Q3: 22.92%
Median: 10.10%
SLB: 8.40%
Q1: 0.07%
Min: -27.38%

DT Midstream (DTM) vs. SLB (SLB): 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 SLB (SLB) at 14.03%, 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%

SLB

Energy industry group

14.03%

Max: 71.31%
Q3: 33.75%
Median: 18.73%
SLB: 14.03%
Q1: 6.94%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for DT Midstream (DTM) and SLB (SLB)
Metric	DTM	SLB
ROE (TTM)	9.92%	11.66%
ROA (TTM)	4.05%	5.72%
Net Margin (TTM)	35.36%	8.40%
Operating Margin (TTM)	49.11%	14.03%
Gross Margin (TTM)	75.38%	16.59%

Growth

Revenue Growth

DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while SLB (SLB) at -1.60% is closer to the peer norm — faster top-line expansion for DTM.

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

EPS Growth

Both DT Midstream (DTM) at 19.44% and SLB (SLB) at -24.44% 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. SLB (SLB): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DT Midstream (DTM) and SLB (SLB)
Metric	DTM	SLB
Revenue Growth (YoY)	26.71%	-1.60%
Revenue Growth (3Y CAGR)	10.55%	8.33%
EPS Growth (YoY)	19.44%	-24.44%
EPS Growth (3Y CAGR)	4.12%	-0.56%

Financial Strength

Current Ratio (MRQ)

Both DT Midstream (DTM) at 1.16 and SLB (SLB) at 1.39 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

SLB

Energy industry group

1.39

Max: 3.64
Q3: 2.21
Median: 1.41
SLB: 1.39
Q1: 0.88
Min: 0.24

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

Debt / Equity (MRQ)

Both DT Midstream (DTM) at 0.67 and SLB (SLB) at 0.47 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

SLB

Energy industry group

0.47

Max: 1.75
Q3: 0.93
Median: 0.54
SLB: 0.47
Q1: 0.30
Min: 0.00

DT Midstream (DTM) vs. SLB (SLB): 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 SLB (SLB)
Metric	DTM	SLB
Current Ratio (MRQ)	1.16	1.39
Debt / Equity (MRQ)	0.67	0.47
Net Debt / EBITDA	3.30	1.25

Dividends

Dividend Yield (TTM)

Both DT Midstream (DTM) at 3.07% and SLB (SLB) at 2.36% 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%

SLB

Energy industry group

2.36%

Max: 8.57%
Q3: 3.58%
SLB: 2.36%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both DT Midstream (DTM) at 75.38% and SLB (SLB) at 56.80% 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%

SLB

Energy industry group

56.80%

Max: 133.24%
SLB: 56.80%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for DT Midstream (DTM) and SLB (SLB)
Metric	DTM	SLB
Dividend Yield (TTM)	3.07%	2.36%
Dividend Payout Ratio (TTM)	75.38%	56.80%

Valuation

P/E Ratio (TTM)

Both DT Midstream (DTM) at 24.76 and SLB (SLB) at 24.23 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

DTM

Energy industry group

24.76

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

SLB

Energy industry group

24.23

Max: 39.54
SLB: 24.23
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

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

P/S Ratio (TTM)

SLB (SLB) at 2.00 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

SLB

Energy industry group

2.00

Max: 5.40
Q3: 2.85
SLB: 2.00
Median: 1.69
Q1: 0.88
Min: 0.00

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

P/B Ratio (MRQ)

Both DT Midstream (DTM) at 2.41 and SLB (SLB) at 2.83 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

SLB

Energy industry group

2.83

Max: 4.21
SLB: 2.83
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for DT Midstream (DTM) and SLB (SLB)
Metric	DTM	SLB
P/E Ratio (TTM)	24.76	24.23
P/S Ratio (TTM)	8.70	2.00
P/B Ratio (MRQ)	2.41	2.83
Free Cash Flow Yield (TTM)	2.27%	4.18%