DTM vs. KGS

Last updated Apr 1, 2026

Compare and contrast key facts about DT Midstream, Inc. (DTM) and Kodiak Gas Services Inc. (KGS).

Performance

DTM vs. KGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DT Midstream, Inc. (DTM) and Kodiak Gas Services Inc. (KGS). The values are adjusted to include any dividend payments, if applicable.

DTM vs. KGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DTM DT Midstream, Inc.	13.25%	24.13%	88.95%	13.54%
KGS Kodiak Gas Services Inc.	57.47%	-3.73%	115.21%	30.79%

Fundamentals

Market Cap DTM : $13.84B KGS : $5.10B
EPS DTM : $4.30 KGS : $0.91
PE Ratio DTM : 31.33 KGS : 63.88
PEG Ratio DTM : 3.21 KGS : 7.39
PS Ratio DTM : 11.12 KGS : 3.93
PB Ratio DTM : 2.92 KGS : 4.23
Total Revenue (TTM) DTM : $1.24B KGS : $1.31B
Gross Profit (TTM) DTM : $721.00M KGS : $478.64M
EBITDA (TTM) DTM : $991.00M KGS : $489.72M

Returns By Period

In the year-to-date period, DTM achieves a 13.25% return, which is significantly lower than KGS's 57.47% return.

DTM

• 1D: -0.03%
• 1M: -2.38%
• YTD: 13.25%
• 6M: 20.70%
• 1Y: 43.64%
• 3Y*: 45.32%
• 5Y*: —
• 10Y*: —

KGS

• 1D: 1.50%
• 1M: 6.87%
• YTD: 57.47%
• 6M: 61.45%
• 1Y: 64.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DTM vs. KGS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DTM

DTM Risk / Return Rank: 88
DTM Sharpe Ratio Rank: 89
DTM Sortino Ratio Rank: 84
DTM Omega Ratio Rank: 85
DTM Calmar Ratio Rank: 89
DTM Martin Ratio Rank: 91

KGS

KGS Risk / Return Rank: 84
KGS Sharpe Ratio Rank: 87
KGS Sortino Ratio Rank: 81
KGS Omega Ratio Rank: 81
KGS Calmar Ratio Rank: 85
KGS Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DTM vs. KGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DT Midstream, Inc. (DTM) and Kodiak Gas Services Inc. (KGS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DTM	KGS	Difference
Sharpe ratio Return per unit of total volatility	1.83	1.66	+0.17
Sortino ratio Return per unit of downside risk	2.32	2.16	+0.16
Omega ratio Gain probability vs. loss probability	1.33	1.30	+0.03
Calmar ratio Return relative to maximum drawdown	3.50	2.88	+0.63
Martin ratio Return relative to average drawdown	11.14	7.14	+4.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DTM vs. KGS - Sharpe Ratio Comparison

The current DTM Sharpe Ratio is 1.83, which is comparable to the KGS Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of DTM and KGS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DTM	KGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	1.66	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	1.84	-0.52

Correlation

The correlation between DTM and KGS is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DTM vs. KGS - Dividend Comparison

DTM's dividend yield for the trailing twelve months is around 2.48%, less than KGS's 3.22% yield.

	TTM	2025	2024	2023	2022	2021
DTM DT Midstream, Inc.	2.48%	2.74%	2.96%	5.04%	4.63%	2.50%
KGS Kodiak Gas Services Inc.	3.22%	4.81%	3.87%	1.89%	0.00%	0.00%

Drawdowns

DTM vs. KGS - Drawdown Comparison

The maximum DTM drawdown since its inception was -23.56%, smaller than the maximum KGS drawdown of -38.57%. Use the drawdown chart below to compare losses from any high point for DTM and KGS.

Drawdown Indicators

	DTM	KGS	Difference
Max Drawdown Largest peak-to-trough decline	-23.56%	-38.57%	+15.01%
Max Drawdown (1Y) Largest decline over 1 year	-12.33%	-21.93%	+9.60%
Current Drawdown Current decline from peak	-4.83%	-1.35%	-3.48%
Average Drawdown Average peak-to-trough decline	-6.08%	-12.03%	+5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	8.83%	-4.95%

Volatility

DTM vs. KGS - Volatility Comparison

The current volatility for DT Midstream, Inc. (DTM) is 8.21%, while Kodiak Gas Services Inc. (KGS) has a volatility of 9.52%. This indicates that DTM experiences smaller price fluctuations and is considered to be less risky than KGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DTM	KGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.21%	9.52%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	14.72%	25.71%	-10.99%
Volatility (1Y) Calculated over the trailing 1-year period	23.91%	38.95%	-15.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.60%	38.10%	-12.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.60%	38.10%	-12.50%

Financials

DTM vs. KGS - Profitability Comparison

The chart below illustrates the profitability comparison between DT Midstream, Inc. and Kodiak Gas Services Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DTM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, DT Midstream, Inc. reported a gross profit of 163.00M and revenue of 317.00M. Therefore, the gross margin over that period was 51.4%.

KGS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Kodiak Gas Services Inc. reported a gross profit of 0.00 and revenue of 332.87M. Therefore, the gross margin over that period was 0.0%.

DTM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, DT Midstream, Inc. reported an operating income of 156.00M and revenue of 317.00M, resulting in an operating margin of 49.2%.

KGS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Kodiak Gas Services Inc. reported an operating income of 86.89M and revenue of 332.87M, resulting in an operating margin of 26.1%.

DTM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, DT Midstream, Inc. reported a net income of 111.00M and revenue of 317.00M, resulting in a net margin of 35.0%.

KGS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Kodiak Gas Services Inc. reported a net income of 24.63M and revenue of 332.87M, resulting in a net margin of 7.4%.