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Side-by-side financial comparison of DT Midstream, Inc. (DTM) and Legend Biotech Corp (LEGN). Click either name above to swap in a different company.

DT Midstream, Inc. is the larger business by last-quarter revenue ($317.0M vs $272.3M, roughly 1.2× Legend Biotech Corp). DT Midstream, Inc. runs the higher net margin — 35.0% vs -14.6%, a 49.6% gap on every dollar of revenue. On growth, Legend Biotech Corp posted the faster year-over-year revenue change (70.0% vs 27.3%). Over the past eight quarters, Legend Biotech Corp's revenue compounded faster (92.7% 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.

GenScript Biotech, fully known as GenScript Biotech Corporation, usually referred to as simply GenScript, is a China–based biotech company. It was co-founded in 2002 in New Jersey by Fangliang Zhang, Ye Wang, and Luquan Wang. The company mainly provides life science research application instruments and services. It was listed on the Hong Kong Stock Exchange in 2015. The current rotating CEO of the firm is Shao Weihui, who also served as the chief operating officer and Chinese Communist Party ...

DTM vs LEGN — Head-to-Head

Bigger by revenue
DTM
DTM
1.2× larger
DTM
$317.0M
$272.3M
LEGN
Growing faster (revenue YoY)
LEGN
LEGN
+42.7% gap
LEGN
70.0%
27.3%
DTM
Higher net margin
DTM
DTM
49.6% more per $
DTM
35.0%
-14.6%
LEGN
Faster 2-yr revenue CAGR
LEGN
LEGN
Annualised
LEGN
92.7%
14.9%
DTM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DTM
DTM
LEGN
LEGN
Revenue
$317.0M
$272.3M
Net Profit
$111.0M
$-39.7M
Gross Margin
58.4%
Operating Margin
49.2%
-16.0%
Net Margin
35.0%
-14.6%
Revenue YoY
27.3%
70.0%
Net Profit YoY
52.1%
68.3%
EPS (diluted)
$1.07
$-0.11

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
LEGN
LEGN
Q4 25
$317.0M
Q3 25
$314.0M
$272.3M
Q2 25
$309.0M
$255.1M
Q1 25
$303.0M
$195.1M
Q4 24
$249.0M
Q3 24
$248.0M
$160.2M
Q2 24
$244.0M
$186.5M
Q1 24
$240.0M
$94.0M
Net Profit
DTM
DTM
LEGN
LEGN
Q4 25
$111.0M
Q3 25
$115.0M
$-39.7M
Q2 25
$107.0M
$-125.4M
Q1 25
$108.0M
$-100.9M
Q4 24
$73.0M
Q3 24
$88.0M
$-125.3M
Q2 24
$96.0M
$-18.2M
Q1 24
$97.0M
$-59.8M
Gross Margin
DTM
DTM
LEGN
LEGN
Q4 25
Q3 25
58.4%
Q2 25
62.8%
Q1 25
64.4%
Q4 24
Q3 24
67.2%
Q2 24
75.7%
Q1 24
47.8%
Operating Margin
DTM
DTM
LEGN
LEGN
Q4 25
49.2%
Q3 25
49.4%
-16.0%
Q2 25
50.2%
Q1 25
48.8%
Q4 24
45.4%
Q3 24
49.2%
-43.9%
Q2 24
53.3%
Q1 24
51.7%
Net Margin
DTM
DTM
LEGN
LEGN
Q4 25
35.0%
Q3 25
36.6%
-14.6%
Q2 25
34.6%
-49.2%
Q1 25
35.6%
-51.7%
Q4 24
29.3%
Q3 24
35.5%
-78.2%
Q2 24
39.3%
-9.8%
Q1 24
40.4%
-63.6%
EPS (diluted)
DTM
DTM
LEGN
LEGN
Q4 25
$1.07
Q3 25
$1.13
$-0.11
Q2 25
$1.04
$-0.34
Q1 25
$1.06
$-0.27
Q4 24
$0.73
Q3 24
$0.90
$-0.34
Q2 24
$0.98
$-0.05
Q1 24
$0.99
$-0.16

Balance Sheet & Financial Strength

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

Metric
DTM
DTM
LEGN
LEGN
Cash + ST InvestmentsLiquidity on hand
$54.0M
$278.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.7B
$1.0B
Total Assets
$10.1B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DTM
DTM
LEGN
LEGN
Q4 25
$54.0M
Q3 25
$98.0M
$278.9M
Q2 25
$74.0M
$266.6M
Q1 25
$83.0M
$441.7M
Q4 24
$68.0M
Q3 24
$77.0M
$459.3M
Q2 24
$73.0M
$201.3M
Q1 24
$41.0M
$897.6M
Total Debt
DTM
DTM
LEGN
LEGN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$3.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DTM
DTM
LEGN
LEGN
Q4 25
$4.7B
Q3 25
$4.7B
$1.0B
Q2 25
$4.7B
$1.0B
Q1 25
$4.6B
$1.0B
Q4 24
$4.6B
Q3 24
$4.2B
$1.1B
Q2 24
$4.2B
$1.2B
Q1 24
$4.2B
$1.2B
Total Assets
DTM
DTM
LEGN
LEGN
Q4 25
$10.1B
Q3 25
$10.1B
$1.7B
Q2 25
$10.0B
$1.7B
Q1 25
$9.9B
$1.6B
Q4 24
$9.9B
Q3 24
$8.6B
$1.7B
Q2 24
$9.0B
$1.8B
Q1 24
$9.0B
$1.8B
Debt / Equity
DTM
DTM
LEGN
LEGN
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
LEGN
LEGN
Operating Cash FlowLast quarter
$161.0M
$28.8M
Free Cash FlowOCF − Capex
$30.0M
FCF MarginFCF / Revenue
9.5%
Capex IntensityCapex / Revenue
41.3%
Cash ConversionOCF / Net Profit
1.45×
TTM Free Cash FlowTrailing 4 quarters
$441.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DTM
DTM
LEGN
LEGN
Q4 25
$161.0M
Q3 25
$274.0M
$28.8M
Q2 25
$185.0M
$-13.0M
Q1 25
$247.0M
$-103.8M
Q4 24
$152.0M
Q3 24
$205.0M
$-75.8M
Q2 24
$165.0M
$-1.7M
Q1 24
$241.0M
$15.5M
Free Cash Flow
DTM
DTM
LEGN
LEGN
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
DTM
DTM
LEGN
LEGN
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
DTM
DTM
LEGN
LEGN
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
DTM
DTM
LEGN
LEGN
Q4 25
1.45×
Q3 25
2.38×
Q2 25
1.73×
Q1 25
2.29×
Q4 24
2.08×
Q3 24
2.33×
Q2 24
1.72×
Q1 24
2.48×

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%

LEGN
LEGN

Goods Or Services Transferred At Point In Time$261.8M96%
Goods Or Services Transferred Over Time$10.5M4%

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