DT Midstream vs New Fortress Energy
New Fortress Energy is the larger business, with $1.50bn of revenue in fiscal 2025 against $1.24bn for DT Midstream (1.2 times as much). DT Midstream grew faster (26.7% against -36.2%). DT Midstream kept more of each dollar of sales as profit: a net margin of 35.5% against -122.7%. DT Midstream carries less debt relative to equity (70.7% against 4560.5%).
| Latest fiscal year | DT MidstreamDTM, 2025 | New Fortress EnergyNFE, 2025 |
|---|---|---|
| Revenue | $1.24bn | $1.50bn |
| Revenue growth | 26.7% | -36.2% |
| Net income | $441m | −$1.84bn |
| Operating margin | 49.4% | -74.5% |
| Net margin | 35.5% | -122.7% |
| Return on equity | 9.4% | -179.1% |
| Free cash flow | $441m | −$1.23bn |
| Cash | $54.0m | $226m |
| Total debt | $3.35bn | $8.33bn |
| Debt to equity | 70.7% | 4560.5% |
| Dividend per share | $3.28 | — |
| Dividend yield | 2.8% | 0.0% |
| Share buybacks | — | — |
| Employees | 588 | — |
| Market value | $12.34bn | $1.25bn |
| Price vs our value range | Within our value range | — |
| Moat score | 71 (Strong) | 33 (Weak) |
| Insider trades, 12 months | 4 buys, 1 sales | 1 buys, 0 sales |