DTM vs. WDS: DT Midstream vs. Woodside Energy Stock Comparison

November 11, 2026

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

Woodside Energy (WDS) has more than two decades of public-market history since November 18, 1996, 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 Woodside Energy (WDS) 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 Woodside Energy (WDS)
Profile Item	DTM	WDS
Name	DT Midstream, Inc.	Woodside Energy Group Ltd ADR
Country/Region	United States	Australia
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	40.00 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 1, 2021	November 18, 1996
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

DTM

WDS

GSPC

DT Midstream (DTM) vs. Woodside Energy (WDS), 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 Woodside Energy (WDS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for DT Midstream (DTM) and Woodside Energy (WDS)
Metric	DTM	WDS
Total Return (1Y)	4.08%	30.30%
Total Return (3Y, Annualized)	32.58%	5.67%
Total Return (5Y, Annualized)	23.68%	11.65%

Risk Profile

Drawdown History

DTM

WDS

GSPC

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

Risk Metrics

Risk profile metrics for DT Midstream (DTM) and Woodside Energy (WDS)
Metric	DTM	WDS
Volatility (1Y, Annualized)	23.13%	33.53%
Beta (5Y)	0.75	0.38
Max Drawdown (5Y)	-24.59%	-48.77%
Avg. Volume (3M)	983.33K	570.04K

Risk-Adjusted Performance

Risk-Return Positioning

DTM and WDS 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 Woodside Energy (WDS)
Metric	DTM	WDS
Sharpe Ratio (1Y)	-0.01	0.78
Sortino Ratio (1Y)	-0.01	1.11

Profitability

ROE (TTM)

Both DT Midstream (DTM) at 9.92% and Woodside Energy (WDS) at 7.68% 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%

WDS

Energy industry group

7.68%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
WDS: 7.68%
Q1: 2.03%
Min: -29.09%

DT Midstream (DTM) vs. Woodside Energy (WDS): 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 Woodside Energy (WDS) at 22.21%, 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%

WDS

Energy industry group

22.21%

Max: 56.92%
Q3: 22.92%
WDS: 22.21%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

DT Midstream (DTM) vs. Woodside Energy (WDS): 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 Woodside Energy (WDS) at 23.91%, 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%

WDS

Energy industry group

23.91%

Max: 71.31%
Q3: 33.75%
WDS: 23.91%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for DT Midstream (DTM) and Woodside Energy (WDS)
Metric	DTM	WDS
ROE (TTM)	9.92%	7.68%
ROA (TTM)	4.05%	2.83%
Net Margin (TTM)	35.36%	22.21%
Operating Margin (TTM)	49.11%	23.91%
Gross Margin (TTM)	75.38%	34.92%

Growth

Revenue Growth

DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while Woodside Energy (WDS) at -1.48% is closer to the peer norm — faster top-line expansion for DTM.

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

EPS Growth

Both DT Midstream (DTM) at 19.44% and Woodside Energy (WDS) at -24.02% 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. Woodside Energy (WDS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DT Midstream (DTM) and Woodside Energy (WDS)
Metric	DTM	WDS
Revenue Growth (YoY)	26.71%	-1.48%
Revenue Growth (3Y CAGR)	10.55%	-8.26%
EPS Growth (YoY)	19.44%	-24.02%
EPS Growth (3Y CAGR)	4.12%	-30.68%

Financial Strength

Current Ratio (MRQ)

Both DT Midstream (DTM) at 1.16 and Woodside Energy (WDS) 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

WDS

Energy industry group

1.39

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

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

Debt / Equity (MRQ)

Both DT Midstream (DTM) at 0.67 and Woodside Energy (WDS) at 0.33 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

WDS

Energy industry group

0.33

Max: 1.75
Q3: 0.93
Median: 0.54
WDS: 0.33
Q1: 0.30
Min: 0.00

DT Midstream (DTM) vs. Woodside Energy (WDS): 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 Woodside Energy (WDS)
Metric	DTM	WDS
Current Ratio (MRQ)	1.16	1.39
Debt / Equity (MRQ)	0.67	0.33
Net Debt / EBITDA	3.30	1.15

Dividends

Dividend Yield (TTM)

Woodside Energy (WDS) at 5.41% delivers top-quartile income for its industry, while DT Midstream (DTM) at 3.07% pays a more typical yield — both are credible income propositions, WDS 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%

WDS

Energy industry group

5.41%

Max: 8.57%
WDS: 5.41%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both DT Midstream (DTM) at 75.38% and Woodside Energy (WDS) at 69.78% 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%

WDS

Energy industry group

69.78%

Max: 133.24%
WDS: 69.78%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for DT Midstream (DTM) and Woodside Energy (WDS)
Metric	DTM	WDS
Dividend Yield (TTM)	3.07%	5.41%
Dividend Payout Ratio (TTM)	75.38%	69.78%

Valuation

P/E Ratio (TTM)

Woodside Energy (WDS) at 13.15 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

WDS

Energy industry group

13.15

Max: 39.54
Q3: 21.72
WDS: 13.15
Median: 12.19
Q1: 7.71
Min: 2.99

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

P/S Ratio (TTM)

Both look expensive on sales: Woodside Energy (WDS) at 2.89 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

WDS

Energy industry group

2.89

Max: 5.40
WDS: 2.89
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

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

P/B Ratio (MRQ)

Woodside Energy (WDS) at 1.11 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

WDS

Energy industry group

1.11

Max: 4.21
Q3: 2.38
Median: 1.51
WDS: 1.11
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for DT Midstream (DTM) and Woodside Energy (WDS)
Metric	DTM	WDS
P/E Ratio (TTM)	24.76	13.15
P/S Ratio (TTM)	8.70	2.89
P/B Ratio (MRQ)	2.41	1.11
Free Cash Flow Yield (TTM)	2.27%	1.41%