DTM vs. WMB: DT Midstream vs. Williams Stock Comparison

November 11, 2026

How do DT Midstream (DTM) and Williams (WMB) 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 Williams (WMB) 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.

Williams (WMB) 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 Williams (WMB)
Profile Item	DTM	WMB
Name	DT Midstream, Inc.	The Williams Companies, Inc.
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 Storage & Transportation
Market Capitalization	11.60 billion USD	80.11 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

WMB

GSPC

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

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for DT Midstream (DTM) and Williams (WMB)
Metric	DTM	WMB
Total Return (1Y)	4.08%	14.81%
Total Return (3Y, Annualized)	32.58%	28.70%
Total Return (5Y, Annualized)	23.68%	23.72%

Risk Profile

Drawdown History

DTM

WMB

GSPC

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

Risk Metrics

Risk profile metrics for DT Midstream (DTM) and Williams (WMB)
Metric	DTM	WMB
Volatility (1Y, Annualized)	23.13%	26.38%
Beta (5Y)	0.75	0.65
Max Drawdown (5Y)	-24.59%	-23.01%
Avg. Volume (3M)	983.33K	7.88M

Risk-Adjusted Performance

Risk-Return Positioning

DTM and WMB 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 Williams (WMB)
Metric	DTM	WMB
Sharpe Ratio (1Y)	-0.01	0.40
Sortino Ratio (1Y)	-0.01	0.56

Profitability

ROE (TTM)

Both DT Midstream (DTM) at 9.92% and Williams (WMB) at 18.31% 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%

WMB

Energy industry group

18.31%

Max: 53.85%
Q3: 24.79%
WMB: 18.31%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

DT Midstream (DTM) vs. Williams (WMB): 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 Williams (WMB) at 24.66% 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%

WMB

Energy industry group

24.66%

Max: 56.92%
WMB: 24.66%
Q3: 22.92%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

DT Midstream (DTM) vs. Williams (WMB): 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 Williams (WMB) at 32.69%, 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%

WMB

Energy industry group

32.69%

Max: 71.31%
Q3: 33.75%
WMB: 32.69%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for DT Midstream (DTM) and Williams (WMB)
Metric	DTM	WMB
ROE (TTM)	9.92%	18.31%
ROA (TTM)	4.05%	4.59%
Net Margin (TTM)	35.36%	24.66%
Operating Margin (TTM)	49.11%	32.69%
Gross Margin (TTM)	75.38%	63.05%

Growth

Revenue Growth

DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while Williams (WMB) at 13.78% is closer to the peer norm — faster top-line expansion for DTM.

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

EPS Growth

Both DT Midstream (DTM) at 19.44% and Williams (WMB) at 17.58% 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. Williams (WMB): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DT Midstream (DTM) and Williams (WMB)
Metric	DTM	WMB
Revenue Growth (YoY)	26.71%	13.78%
Revenue Growth (3Y CAGR)	10.55%	2.91%
EPS Growth (YoY)	19.44%	17.58%
EPS Growth (3Y CAGR)	4.12%	8.62%

Financial Strength

Current Ratio (MRQ)

DT Midstream (DTM) at 1.16 keeps current ratio within its industry’s typical mid-range, while Williams (WMB) at 0.75 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WMB.

DTM

Energy industry group

1.16

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

WMB

Energy industry group

0.75

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
WMB: 0.75
Min: 0.24

DT Midstream (DTM) vs. Williams (WMB): 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 Williams (WMB) at 1.58 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

WMB

Energy industry group

1.58

Max: 1.75
WMB: 1.58
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

DT Midstream (DTM) vs. Williams (WMB): 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 Williams (WMB)
Metric	DTM	WMB
Current Ratio (MRQ)	1.16	0.75
Debt / Equity (MRQ)	0.67	1.58
Net Debt / EBITDA	3.30	4.58

Dividends

Dividend Yield (TTM)

Both DT Midstream (DTM) at 3.07% and Williams (WMB) at 3.23% 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%

WMB

Energy industry group

3.23%

Max: 8.57%
Q3: 3.58%
WMB: 3.23%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both DT Midstream (DTM) at 75.38% and Williams (WMB) at 81.69% 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%

WMB

Energy industry group

81.69%

Max: 133.24%
WMB: 81.69%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for DT Midstream (DTM) and Williams (WMB)
Metric	DTM	WMB
Dividend Yield (TTM)	3.07%	3.23%
Dividend Payout Ratio (TTM)	75.38%	81.69%

Valuation

P/E Ratio (TTM)

Both DT Midstream (DTM) at 24.76 and Williams (WMB) at 25.23 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

WMB

Energy industry group

25.23

Max: 39.54
WMB: 25.23
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

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

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 Williams (WMB) at 6.32 — 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

WMB

Energy industry group

6.32

WMB: 6.32
Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

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

P/B Ratio (MRQ)

Both look rich against book: DT Midstream (DTM) at 2.41 sits in the upper P/B ratio quartile, and Williams (WMB) at 5.11 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

WMB

Energy industry group

5.11

WMB: 5.11
Max: 4.21
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for DT Midstream (DTM) and Williams (WMB)
Metric	DTM	WMB
P/E Ratio (TTM)	24.76	25.23
P/S Ratio (TTM)	8.70	6.32
P/B Ratio (MRQ)	2.41	5.11
Free Cash Flow Yield (TTM)	2.27%	-3.56%