DT Midstream vs International Seaways
DT Midstream reported revenue of $1.2 billion in fiscal 2025, 1.5 times International Seaways' $843 million in fiscal 2025. DT Midstream's revenue grew 26.7% in its latest year, and International Seaways' fell 11.4%. DT Midstream had an operating margin of 49.4%, against 41.0% at International Seaways. Free cash flow was $441 million at DT Midstream and $379 million at International Seaways.
Side by side
| DT Midstream | International Seaways | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.2B | $843M |
| Revenue growth | 26.7% | −11.4% |
| Revenue growth a year, last 5 years | 10.5% | 14.9% |
| Gross margin | — | — |
| Operating margin | 49.4% | 41.0% |
| Net margin | 35.5% | 36.7% |
| Free cash flow | $441M | $379M |
| Free cash flow margin | 35.5% | 44.9% |
| Return on capital | 5.7% | — |
| Net debt to EBITDA | 3.8x | 0.8x |
| Dividends and buybacks | $324M | $145M |
| Change in diluted share count | 4.2% | −0.2% |
| Last close | $126.90 | $113.75 |
| P/E at the last close | 27.8× | 7.3× |
| Insider trades, last 12 months | bought $265,694, sold $271,852 | sold $45.1 million |
| Piotroski F-score | 7 of 8 | 6 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
DT MidstreamInternational Seaways
Operating margin
Percent of revenue
DT MidstreamInternational Seaways
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DT MidstreamInternational Seaways
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the DT Midstream and International Seaways pages.