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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and DT Midstream, Inc. (DTM). Click either name above to swap in a different company.

DT Midstream, Inc. is the larger business by last-quarter revenue ($317.0M vs $172.2M, roughly 1.8× Acadian Asset Management Inc.). DT Midstream, Inc. runs the higher net margin — 35.0% vs 20.2%, a 14.9% gap on every dollar of revenue. On growth, DT Midstream, Inc. posted the faster year-over-year revenue change (27.3% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 14.9%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

Oneok, Inc. ONE-oak, stylized as ONEOK, is an American oil and gas midstream operator headquartered in Tulsa, Oklahoma. It provides the oil and gas industry with gathering, processing, fractionation, transportation, and storage services. The company is part of the Fortune 500 and S&P 500. Oneok was founded as Oklahoma Natural Gas Company in 1906, but it changed its corporate name to Oneok in 1980.

AAMI vs DTM — Head-to-Head

Bigger by revenue
DTM
DTM
1.8× larger
DTM
$317.0M
$172.2M
AAMI
Growing faster (revenue YoY)
DTM
DTM
+24.7% gap
DTM
27.3%
2.6%
AAMI
Higher net margin
DTM
DTM
14.9% more per $
DTM
35.0%
20.2%
AAMI
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
14.9%
DTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAMI
AAMI
DTM
DTM
Revenue
$172.2M
$317.0M
Net Profit
$34.7M
$111.0M
Gross Margin
Operating Margin
33.3%
49.2%
Net Margin
20.2%
35.0%
Revenue YoY
2.6%
27.3%
Net Profit YoY
-18.4%
52.1%
EPS (diluted)
$0.97
$1.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
DTM
DTM
Q4 25
$172.2M
$317.0M
Q3 25
$144.2M
$314.0M
Q2 25
$127.4M
$309.0M
Q1 25
$119.9M
$303.0M
Q4 24
$167.8M
$249.0M
Q3 24
$123.1M
$248.0M
Q2 24
$109.0M
$244.0M
Q1 24
$105.7M
$240.0M
Net Profit
AAMI
AAMI
DTM
DTM
Q4 25
$34.7M
$111.0M
Q3 25
$15.1M
$115.0M
Q2 25
$10.1M
$107.0M
Q1 25
$20.1M
$108.0M
Q4 24
$42.5M
$73.0M
Q3 24
$16.9M
$88.0M
Q2 24
$11.0M
$96.0M
Q1 24
$14.6M
$97.0M
Operating Margin
AAMI
AAMI
DTM
DTM
Q4 25
33.3%
49.2%
Q3 25
18.4%
49.4%
Q2 25
12.7%
50.2%
Q1 25
26.6%
48.8%
Q4 24
38.7%
45.4%
Q3 24
21.9%
49.2%
Q2 24
18.9%
53.3%
Q1 24
21.7%
51.7%
Net Margin
AAMI
AAMI
DTM
DTM
Q4 25
20.2%
35.0%
Q3 25
10.5%
36.6%
Q2 25
7.9%
34.6%
Q1 25
16.8%
35.6%
Q4 24
25.3%
29.3%
Q3 24
13.7%
35.5%
Q2 24
10.1%
39.3%
Q1 24
13.8%
40.4%
EPS (diluted)
AAMI
AAMI
DTM
DTM
Q4 25
$0.97
$1.07
Q3 25
$0.42
$1.13
Q2 25
$0.28
$1.04
Q1 25
$0.54
$1.06
Q4 24
$1.11
$0.73
Q3 24
$0.45
$0.90
Q2 24
$0.29
$0.98
Q1 24
$0.37
$0.99

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
DTM
DTM
Cash + ST InvestmentsLiquidity on hand
$54.0M
Total DebtLower is stronger
$200.0M
Stockholders' EquityBook value
$4.7B
Total Assets
$677.0M
$10.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
DTM
DTM
Q4 25
$54.0M
Q3 25
$98.0M
Q2 25
$74.0M
Q1 25
$83.0M
Q4 24
$68.0M
Q3 24
$77.0M
Q2 24
$73.0M
Q1 24
$41.0M
Total Debt
AAMI
AAMI
DTM
DTM
Q4 25
$200.0M
Q3 25
Q2 25
Q1 25
Q4 24
$275.0M
$3.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AAMI
AAMI
DTM
DTM
Q4 25
$4.7B
Q3 25
$4.7B
Q2 25
$4.7B
Q1 25
$4.6B
Q4 24
$4.6B
Q3 24
$4.2B
Q2 24
$4.2B
Q1 24
$4.2B
Total Assets
AAMI
AAMI
DTM
DTM
Q4 25
$677.0M
$10.1B
Q3 25
$751.4M
$10.1B
Q2 25
$672.3M
$10.0B
Q1 25
$677.3M
$9.9B
Q4 24
$703.2M
$9.9B
Q3 24
$555.2M
$8.6B
Q2 24
$533.1M
$9.0B
Q1 24
$544.9M
$9.0B
Debt / Equity
AAMI
AAMI
DTM
DTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.72×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
DTM
DTM
Operating Cash FlowLast quarter
$-2.4M
$161.0M
Free Cash FlowOCF − Capex
$30.0M
FCF MarginFCF / Revenue
9.5%
Capex IntensityCapex / Revenue
41.3%
Cash ConversionOCF / Net Profit
-0.07×
1.45×
TTM Free Cash FlowTrailing 4 quarters
$441.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
DTM
DTM
Q4 25
$-2.4M
$161.0M
Q3 25
$-23.9M
$274.0M
Q2 25
$61.6M
$185.0M
Q1 25
$-48.8M
$247.0M
Q4 24
$55.8M
$152.0M
Q3 24
$69.6M
$205.0M
Q2 24
$45.7M
$165.0M
Q1 24
$-40.4M
$241.0M
Free Cash Flow
AAMI
AAMI
DTM
DTM
Q4 25
$30.0M
Q3 25
$131.0M
Q2 25
$104.0M
Q1 25
$176.0M
Q4 24
$62.0M
Q3 24
$124.0M
Q2 24
$84.0M
Q1 24
$143.0M
FCF Margin
AAMI
AAMI
DTM
DTM
Q4 25
9.5%
Q3 25
41.7%
Q2 25
33.7%
Q1 25
58.1%
Q4 24
24.9%
Q3 24
50.0%
Q2 24
34.4%
Q1 24
59.6%
Capex Intensity
AAMI
AAMI
DTM
DTM
Q4 25
41.3%
Q3 25
45.5%
Q2 25
26.2%
Q1 25
23.4%
Q4 24
36.1%
Q3 24
32.7%
Q2 24
33.2%
Q1 24
40.8%
Cash Conversion
AAMI
AAMI
DTM
DTM
Q4 25
-0.07×
1.45×
Q3 25
-1.58×
2.38×
Q2 25
6.10×
1.73×
Q1 25
-2.43×
2.29×
Q4 24
1.31×
2.08×
Q3 24
4.12×
2.33×
Q2 24
4.15×
1.72×
Q1 24
-2.77×
2.48×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

DTM
DTM

Pipeline Segment$173.0M55%
Gathering Segment$144.0M45%

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