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DTM vs. TRP: DT Midstream vs. TC Energy Stock Comparison

How do DT Midstream (DTM) and TC Energy (TRP) 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 TC Energy (TRP) 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.

TC Energy (TRP) has more than two decades of public-market history since September 20, 1982, 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 TC Energy (TRP)
Profile ItemDTMTRP
NameDT Midstream, Inc.TC Energy Corporation
Country/RegionUnited StatesCanada
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Storage & Transportation
Market Capitalization11.60 billion USD64.51 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJuly 1, 2021September 20, 1982
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

DTM
TRP
GSPC
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DT Midstream (DTM) vs. TC Energy (TRP), 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 TC Energy (TRP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for DT Midstream (DTM) and TC Energy (TRP)
MetricDTMTRP
Total Return (1Y)4.08%24.67%
Total Return (3Y, Annualized)32.58%26.02%
Total Return (5Y, Annualized)23.68%9.85%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for DT Midstream (DTM) and TC Energy (TRP)
MetricDTMTRP
Volatility (1Y, Annualized)23.13%19.39%
Beta (5Y)0.750.64
Max Drawdown (5Y)-24.59%-38.98%
Avg. Volume (3M)983.33K2.56M

Risk-Adjusted Performance

Risk-Return Positioning

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DTM and TRP 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 TC Energy (TRP)
MetricDTMTRP
Sharpe Ratio (1Y)-0.011.05
Sortino Ratio (1Y)-0.011.61

Profitability

ROE (TTM)

Both DT Midstream (DTM) at 9.92% and TC Energy (TRP) at 12.15% 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%

TRP

Energy industry group

12.15%

Max
53.85%
Q3
24.79%
Median
12.85%
TRP
12.15%
Q1
2.03%
Min
-29.09%
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DT Midstream (DTM) vs. TC Energy (TRP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both DT Midstream (DTM) at 35.36% and TC Energy (TRP) at 25.05% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

DTM

Energy industry group

35.36%

Max
56.92%
DTM
35.36%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%

TRP

Energy industry group

25.05%

Max
56.92%
TRP
25.05%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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DT Midstream (DTM) vs. TC Energy (TRP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both DT Midstream (DTM) at 49.11% and TC Energy (TRP) at 41.66% 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%

TRP

Energy industry group

41.66%

Max
71.31%
TRP
41.66%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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DT Midstream (DTM) vs. TC Energy (TRP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for DT Midstream (DTM) and TC Energy (TRP)
MetricDTMTRP
ROE (TTM)9.92%12.15%
ROA (TTM)4.05%3.70%
Net Margin (TTM)35.36%25.05%
Operating Margin (TTM)49.11%41.66%
Gross Margin (TTM)75.38%70.07%

Growth

Revenue Growth

DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while TC Energy (TRP) at 10.66% is closer to the peer norm — faster top-line expansion for DTM.

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

EPS Growth

Both DT Midstream (DTM) at 19.44% and TC Energy (TRP) at -26.19% 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. TC Energy (TRP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DT Midstream (DTM) and TC Energy (TRP)
MetricDTMTRP
Revenue Growth (YoY)26.71%10.66%
Revenue Growth (3Y CAGR)10.55%7.38%
EPS Growth (YoY)19.44%-26.19%
EPS Growth (3Y CAGR)4.12%72.24%

Financial Strength

Current Ratio (MRQ)

DT Midstream (DTM) at 1.16 keeps current ratio within its industry’s typical mid-range, while TC Energy (TRP) at 0.57 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRP.

DTM

Energy industry group

1.16

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

TRP

Energy industry group

0.57

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
TRP
0.57
Min
0.24
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DT Midstream (DTM) vs. TC Energy (TRP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

DT Midstream (DTM) at 0.67 carries an industry-typical debt-to-equity mix, while TC Energy (TRP) at 1.68 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

TRP

Energy industry group

1.68

Max
1.75
TRP
1.68
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
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DT Midstream (DTM) vs. TC Energy (TRP): 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 TC Energy (TRP)
MetricDTMTRP
Current Ratio (MRQ)1.160.57
Debt / Equity (MRQ)0.671.68
Net Debt / EBITDA3.306.08

Dividends

Dividend Yield (TTM)

TC Energy (TRP) at 5.57% delivers top-quartile income for its industry, while DT Midstream (DTM) at 3.07% pays a more typical yield — both are credible income propositions, TRP 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%

TRP

Energy industry group

5.57%

Max
8.57%
TRP
5.57%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%
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DT Midstream (DTM) vs. TC Energy (TRP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both DT Midstream (DTM) at 75.38% and TC Energy (TRP) at 93.87% 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%

TRP

Energy industry group

93.87%

Max
133.24%
TRP
93.87%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
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DT Midstream (DTM) vs. TC Energy (TRP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for DT Midstream (DTM) and TC Energy (TRP)
MetricDTMTRP
Dividend Yield (TTM)3.07%5.57%
Dividend Payout Ratio (TTM)75.38%93.87%

Valuation

P/E Ratio (TTM)

Both DT Midstream (DTM) at 24.76 and TC Energy (TRP) at 23.19 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

TRP

Energy industry group

23.19

Max
39.54
TRP
23.19
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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DT Midstream (DTM) vs. TC Energy (TRP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: TC Energy (TRP) at 4.03 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

TRP

Energy industry group

4.03

Max
5.40
TRP
4.03
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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DT Midstream (DTM) vs. TC Energy (TRP): 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 TC Energy (TRP) at 3.54 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

TRP

Energy industry group

3.54

Max
4.21
TRP
3.54
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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DT Midstream (DTM) vs. TC Energy (TRP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for DT Midstream (DTM) and TC Energy (TRP)
MetricDTMTRP
P/E Ratio (TTM)24.7623.19
P/S Ratio (TTM)8.704.03
P/B Ratio (MRQ)2.413.54
Free Cash Flow Yield (TTM)2.27%0.77%