DTM vs. TPL: DT Midstream vs. Texas Pacific Land Stock Comparison
How do DT Midstream (DTM) and Texas Pacific Land (TPL) 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 Texas Pacific Land (TPL) both belong to the Oil, Gas & Consumable Fuels industry, though DTM is classified under Oil & Gas Storage & Transportation while TPL falls under Oil & Gas Exploration & Production.
Texas Pacific Land (TPL) has more than two decades of public-market history since March 17, 1980, whereas DT Midstream (DTM) listed on July 1, 2021 and has a much shorter record to draw on.
| Profile Item | DTM | TPL |
|---|---|---|
| Name | DT Midstream, Inc. | Texas Pacific Land Corporation |
| 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 Exploration & Production |
| Market Capitalization | 11.60 billion USD | 18.79 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 1, 2021 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | DTM | TPL |
|---|---|---|
| Total Return (1Y) | 4.08% | -14.10% |
| Total Return (3Y, Annualized) | 32.58% | 16.13% |
| Total Return (5Y, Annualized) | 23.68% | 13.42% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | DTM | TPL |
|---|---|---|
| Volatility (1Y, Annualized) | 23.13% | 49.74% |
| Beta (5Y) | 0.75 | 0.62 |
| Max Drawdown (5Y) | -24.59% | -52.50% |
| Avg. Volume (3M) | 983.33K | 380.93K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | DTM | TPL |
|---|---|---|
| Sharpe Ratio (1Y) | -0.01 | -0.37 |
| Sortino Ratio (1Y) | -0.01 | -0.50 |
Profitability
ROE (TTM)
Texas Pacific Land (TPL) at 37.07% sits in the top ROE quartile, while DT Midstream (DTM) at 9.92% is closer to the peer norm — stronger capital efficiency for TPL.
DTM
Energy industry group
9.92%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- DTM
- 9.92%
- Q1
- 2.03%
- Min
- -29.09%
TPL
Energy industry group
37.07%
- Max
- 53.85%
- TPL
- 37.07%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
Texas Pacific Land (TPL) at 60.71% keeps the most of each sales dollar — above its industry’s net margin range — and DT Midstream (DTM) at 35.36% also retains a top-quartile 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%
TPL
Energy industry group
60.71%
- TPL
- 60.71%
- Max
- 56.92%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Texas Pacific Land (TPL) at 76.20% shows unusually strong operating efficiency — above its industry’s operating margin range — and DT Midstream (DTM) at 49.11% also operates in the top quartile.
DTM
Energy industry group
49.11%
- Max
- 71.31%
- DTM
- 49.11%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
TPL
Energy industry group
76.20%
- TPL
- 76.20%
- Max
- 71.31%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | DTM | TPL |
|---|---|---|
| ROE (TTM) | 9.92% | 37.07% |
| ROA (TTM) | 4.05% | 26.08% |
| Net Margin (TTM) | 35.36% | 60.71% |
| Operating Margin (TTM) | 49.11% | 76.20% |
| Gross Margin (TTM) | 75.38% | 94.09% |
Growth
Revenue Growth
DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while Texas Pacific Land (TPL) at 13.09% is closer to the peer norm — faster top-line expansion for DTM.
EPS Growth
Both DT Midstream (DTM) at 19.44% and Texas Pacific Land (TPL) at 6.04% 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 | TPL |
|---|---|---|
| Revenue Growth (YoY) | 26.71% | 13.09% |
| Revenue Growth (3Y CAGR) | 10.55% | 6.15% |
| EPS Growth (YoY) | 19.44% | 6.04% |
| EPS Growth (3Y CAGR) | 4.12% | 2.78% |
Financial Strength
Current Ratio (MRQ)
DT Midstream (DTM) at 1.16 keeps current ratio within its industry’s typical mid-range, while Texas Pacific Land (TPL) at 5.41 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets 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
TPL
Energy industry group
5.41
- TPL
- 5.41
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- Min
- 0.24
Debt / Equity (MRQ)
Texas Pacific Land (TPL) at 0.01 keeps leverage in the lower industry quartile, while DT Midstream (DTM) at 0.67 runs a more typical debt-to-equity mix.
DTM
Energy industry group
0.67
- Max
- 1.75
- Q3
- 0.93
- DTM
- 0.67
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
TPL
Energy industry group
0.01
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- TPL
- 0.01
- Min
- 0.00
Financial Strength Metrics
| Metric | DTM | TPL |
|---|---|---|
| Current Ratio (MRQ) | 1.16 | 5.41 |
| Debt / Equity (MRQ) | 0.67 | 0.01 |
| Net Debt / EBITDA | 3.30 | -0.44 |
Dividends
Dividend Yield (TTM)
Both DT Midstream (DTM) at 3.07% and Texas Pacific Land (TPL) at 0.86% 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%
TPL
Energy industry group
0.86%
- Max
- 8.57%
- Q3
- 3.58%
- Median
- 1.71%
- TPL
- 0.86%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Texas Pacific Land (TPL) at 27.42% 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%
TPL
Energy industry group
27.42%
- Max
- 133.24%
- Q3
- 53.31%
- TPL
- 27.42%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | DTM | TPL |
|---|---|---|
| Dividend Yield (TTM) | 3.07% | 0.86% |
| Dividend Payout Ratio (TTM) | 75.38% | 27.42% |
Valuation
P/E Ratio (TTM)
Both DT Midstream (DTM) at 24.76 and Texas Pacific Land (TPL) at 32.00 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
TPL
Energy industry group
32.00
- Max
- 39.54
- TPL
- 32.00
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
Investors are paying well above the peer range per dollar of sales for both DT Midstream (DTM) at 8.70 and Texas Pacific Land (TPL) at 19.41 — each P/S ratio clears its industry’s benchmark 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
TPL
Energy industry group
19.41
- TPL
- 19.41
- Max
- 5.40
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Both look rich against book: DT Midstream (DTM) at 2.41 sits in the upper P/B ratio quartile, and Texas Pacific Land (TPL) at 10.42 prices even higher, above its industry range.
DTM
Energy industry group
2.41
- Max
- 4.21
- DTM
- 2.41
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
TPL
Energy industry group
10.42
- TPL
- 10.42
- Max
- 4.21
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | DTM | TPL |
|---|---|---|
| P/E Ratio (TTM) | 24.76 | 32.00 |
| P/S Ratio (TTM) | 8.70 | 19.41 |
| P/B Ratio (MRQ) | 2.41 | 10.42 |
| Free Cash Flow Yield (TTM) | 2.27% | 0.43% |