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Side-by-side financial comparison of DT Midstream, Inc. (DTM) and DoubleVerify Holdings, Inc. (DV). Click either name above to swap in a different company.

DT Midstream, Inc. is the larger business by last-quarter revenue ($317.0M vs $205.6M, roughly 1.5× DoubleVerify Holdings, Inc.). DT Midstream, Inc. runs the higher net margin — 35.0% vs 14.3%, a 20.7% gap on every dollar of revenue. On growth, DT Midstream, Inc. posted the faster year-over-year revenue change (27.3% vs 7.9%). DoubleVerify Holdings, Inc. produced more free cash flow last quarter ($62.1M vs $30.0M). Over the past eight quarters, DoubleVerify Holdings, Inc.'s revenue compounded faster (20.8% CAGR vs 14.9%).

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.

Double Vision is a Malaysian production studio. Established in 1985, it has production hubs in Malaysia and Indonesia. Double Vision produces over 1,400 hours of television programming per year in various languages and genres for the regional market. It also houses international entertainment TV network, Channel [V], in its studios.

DTM vs DV — Head-to-Head

Bigger by revenue
DTM
DTM
1.5× larger
DTM
$317.0M
$205.6M
DV
Growing faster (revenue YoY)
DTM
DTM
+19.5% gap
DTM
27.3%
7.9%
DV
Higher net margin
DTM
DTM
20.7% more per $
DTM
35.0%
14.3%
DV
More free cash flow
DV
DV
$32.1M more FCF
DV
$62.1M
$30.0M
DTM
Faster 2-yr revenue CAGR
DV
DV
Annualised
DV
20.8%
14.9%
DTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DTM
DTM
DV
DV
Revenue
$317.0M
$205.6M
Net Profit
$111.0M
$29.3M
Gross Margin
82.5%
Operating Margin
49.2%
18.4%
Net Margin
35.0%
14.3%
Revenue YoY
27.3%
7.9%
Net Profit YoY
52.1%
25.3%
EPS (diluted)
$1.07
$0.18

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
DTM
DTM
DV
DV
Q4 25
$317.0M
$205.6M
Q3 25
$314.0M
$188.6M
Q2 25
$309.0M
$189.0M
Q1 25
$303.0M
$165.1M
Q4 24
$249.0M
$190.6M
Q3 24
$248.0M
$169.6M
Q2 24
$244.0M
$155.9M
Q1 24
$240.0M
$140.8M
Net Profit
DTM
DTM
DV
DV
Q4 25
$111.0M
$29.3M
Q3 25
$115.0M
$10.2M
Q2 25
$107.0M
$8.8M
Q1 25
$108.0M
$2.4M
Q4 24
$73.0M
$23.4M
Q3 24
$88.0M
$18.2M
Q2 24
$96.0M
$7.5M
Q1 24
$97.0M
$7.2M
Gross Margin
DTM
DTM
DV
DV
Q4 25
82.5%
Q3 25
82.3%
Q2 25
82.5%
Q1 25
81.2%
Q4 24
82.0%
Q3 24
82.6%
Q2 24
83.3%
Q1 24
81.1%
Operating Margin
DTM
DTM
DV
DV
Q4 25
49.2%
18.4%
Q3 25
49.4%
11.2%
Q2 25
50.2%
7.2%
Q1 25
48.8%
4.1%
Q4 24
45.4%
20.3%
Q3 24
49.2%
15.2%
Q2 24
53.3%
7.1%
Q1 24
51.7%
4.9%
Net Margin
DTM
DTM
DV
DV
Q4 25
35.0%
14.3%
Q3 25
36.6%
5.4%
Q2 25
34.6%
4.6%
Q1 25
35.6%
1.4%
Q4 24
29.3%
12.3%
Q3 24
35.5%
10.7%
Q2 24
39.3%
4.8%
Q1 24
40.4%
5.1%
EPS (diluted)
DTM
DTM
DV
DV
Q4 25
$1.07
$0.18
Q3 25
$1.13
$0.06
Q2 25
$1.04
$0.05
Q1 25
$1.06
$0.01
Q4 24
$0.73
$0.14
Q3 24
$0.90
$0.10
Q2 24
$0.98
$0.04
Q1 24
$0.99
$0.04

Balance Sheet & Financial Strength

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

Metric
DTM
DTM
DV
DV
Cash + ST InvestmentsLiquidity on hand
$54.0M
$259.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.7B
$1.1B
Total Assets
$10.1B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DTM
DTM
DV
DV
Q4 25
$54.0M
$259.0M
Q3 25
$98.0M
$200.7M
Q2 25
$74.0M
$216.8M
Q1 25
$83.0M
$174.3M
Q4 24
$68.0M
$310.6M
Q3 24
$77.0M
$362.6M
Q2 24
$73.0M
$338.8M
Q1 24
$41.0M
$334.3M
Total Debt
DTM
DTM
DV
DV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$3.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DTM
DTM
DV
DV
Q4 25
$4.7B
$1.1B
Q3 25
$4.7B
$1.1B
Q2 25
$4.7B
$1.1B
Q1 25
$4.6B
$1.0B
Q4 24
$4.6B
$1.1B
Q3 24
$4.2B
$1.1B
Q2 24
$4.2B
$1.1B
Q1 24
$4.2B
$1.1B
Total Assets
DTM
DTM
DV
DV
Q4 25
$10.1B
$1.4B
Q3 25
$10.1B
$1.3B
Q2 25
$10.0B
$1.3B
Q1 25
$9.9B
$1.2B
Q4 24
$9.9B
$1.3B
Q3 24
$8.6B
$1.3B
Q2 24
$9.0B
$1.3B
Q1 24
$9.0B
$1.3B
Debt / Equity
DTM
DTM
DV
DV
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
DTM
DTM
DV
DV
Operating Cash FlowLast quarter
$161.0M
$72.7M
Free Cash FlowOCF − Capex
$30.0M
$62.1M
FCF MarginFCF / Revenue
9.5%
30.2%
Capex IntensityCapex / Revenue
41.3%
5.1%
Cash ConversionOCF / Net Profit
1.45×
2.48×
TTM Free Cash FlowTrailing 4 quarters
$441.0M
$172.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DTM
DTM
DV
DV
Q4 25
$161.0M
$72.7M
Q3 25
$274.0M
$51.2M
Q2 25
$185.0M
$49.6M
Q1 25
$247.0M
$37.7M
Q4 24
$152.0M
$37.4M
Q3 24
$205.0M
$54.6M
Q2 24
$165.0M
$35.9M
Q1 24
$241.0M
$31.8M
Free Cash Flow
DTM
DTM
DV
DV
Q4 25
$30.0M
$62.1M
Q3 25
$131.0M
$39.0M
Q2 25
$104.0M
$40.1M
Q1 25
$176.0M
$31.4M
Q4 24
$62.0M
$30.0M
Q3 24
$124.0M
$48.4M
Q2 24
$84.0M
$28.7M
Q1 24
$143.0M
$25.4M
FCF Margin
DTM
DTM
DV
DV
Q4 25
9.5%
30.2%
Q3 25
41.7%
20.7%
Q2 25
33.7%
21.2%
Q1 25
58.1%
19.0%
Q4 24
24.9%
15.8%
Q3 24
50.0%
28.5%
Q2 24
34.4%
18.4%
Q1 24
59.6%
18.0%
Capex Intensity
DTM
DTM
DV
DV
Q4 25
41.3%
5.1%
Q3 25
45.5%
6.4%
Q2 25
26.2%
5.0%
Q1 25
23.4%
3.8%
Q4 24
36.1%
3.9%
Q3 24
32.7%
3.7%
Q2 24
33.2%
4.6%
Q1 24
40.8%
4.5%
Cash Conversion
DTM
DTM
DV
DV
Q4 25
1.45×
2.48×
Q3 25
2.38×
5.02×
Q2 25
1.73×
5.66×
Q1 25
2.29×
15.95×
Q4 24
2.08×
1.60×
Q3 24
2.33×
3.00×
Q2 24
1.72×
4.80×
Q1 24
2.48×
4.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DTM
DTM

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

DV
DV

Activation$116.5M57%
Measurement$69.6M34%
Supply Side$19.5M9%

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