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Side-by-side financial comparison of DT Midstream, Inc. (DTM) and MINERALS TECHNOLOGIES INC (MTX). Click either name above to swap in a different company.

MINERALS TECHNOLOGIES INC is the larger business by last-quarter revenue ($519.5M vs $317.0M, roughly 1.6× DT Midstream, Inc.). DT Midstream, Inc. runs the higher net margin — 35.0% vs 7.2%, a 27.9% gap on every dollar of revenue. On growth, DT Midstream, Inc. posted the faster year-over-year revenue change (27.3% vs 0.3%). MINERALS TECHNOLOGIES INC produced more free cash flow last quarter ($31.9M vs $30.0M). Over the past eight quarters, DT Midstream, Inc.'s revenue compounded faster (14.9% CAGR vs -1.4%).

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.

Compass Minerals International, Inc is an American public company that, through its subsidiaries, is a leading producer of minerals, including salt, magnesium chloride and sulfate of potash. Based in Overland Park, Kansas; the company provides bulk treated and untreated highway deicing salt to customers in North America and the United Kingdom and plant nutrition products to growers worldwide. Compass Minerals also produces consumer deicing and water conditioning products, consumer and commerc...

DTM vs MTX — Head-to-Head

Bigger by revenue
MTX
MTX
1.6× larger
MTX
$519.5M
$317.0M
DTM
Growing faster (revenue YoY)
DTM
DTM
+27.0% gap
DTM
27.3%
0.3%
MTX
Higher net margin
DTM
DTM
27.9% more per $
DTM
35.0%
7.2%
MTX
More free cash flow
MTX
MTX
$1.9M more FCF
MTX
$31.9M
$30.0M
DTM
Faster 2-yr revenue CAGR
DTM
DTM
Annualised
DTM
14.9%
-1.4%
MTX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DTM
DTM
MTX
MTX
Revenue
$317.0M
$519.5M
Net Profit
$111.0M
$37.2M
Gross Margin
24.0%
Operating Margin
49.2%
11.9%
Net Margin
35.0%
7.2%
Revenue YoY
27.3%
0.3%
Net Profit YoY
52.1%
-31.1%
EPS (diluted)
$1.07
$1.11

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
MTX
MTX
Q4 25
$317.0M
$519.5M
Q3 25
$314.0M
$532.4M
Q2 25
$309.0M
$528.9M
Q1 25
$303.0M
$491.8M
Q4 24
$249.0M
$518.1M
Q3 24
$248.0M
$524.7M
Q2 24
$244.0M
$541.2M
Q1 24
$240.0M
$534.5M
Net Profit
DTM
DTM
MTX
MTX
Q4 25
$111.0M
$37.2M
Q3 25
$115.0M
$43.0M
Q2 25
$107.0M
$45.4M
Q1 25
$108.0M
$-144.0M
Q4 24
$73.0M
$54.0M
Q3 24
$88.0M
$46.7M
Q2 24
$96.0M
$19.7M
Q1 24
$97.0M
$46.7M
Gross Margin
DTM
DTM
MTX
MTX
Q4 25
24.0%
Q3 25
25.7%
Q2 25
25.9%
Q1 25
24.3%
Q4 24
25.6%
Q3 24
25.8%
Q2 24
26.6%
Q1 24
25.4%
Operating Margin
DTM
DTM
MTX
MTX
Q4 25
49.2%
11.9%
Q3 25
49.4%
13.3%
Q2 25
50.2%
14.1%
Q1 25
48.8%
-32.6%
Q4 24
45.4%
16.2%
Q3 24
49.2%
14.6%
Q2 24
53.3%
9.3%
Q1 24
51.7%
14.1%
Net Margin
DTM
DTM
MTX
MTX
Q4 25
35.0%
7.2%
Q3 25
36.6%
8.1%
Q2 25
34.6%
8.6%
Q1 25
35.6%
-29.3%
Q4 24
29.3%
10.4%
Q3 24
35.5%
8.9%
Q2 24
39.3%
3.6%
Q1 24
40.4%
8.7%
EPS (diluted)
DTM
DTM
MTX
MTX
Q4 25
$1.07
$1.11
Q3 25
$1.13
$1.37
Q2 25
$1.04
$1.44
Q1 25
$1.06
$-4.51
Q4 24
$0.73
$1.67
Q3 24
$0.90
$1.45
Q2 24
$0.98
$0.61
Q1 24
$0.99
$1.44

Balance Sheet & Financial Strength

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

Metric
DTM
DTM
MTX
MTX
Cash + ST InvestmentsLiquidity on hand
$54.0M
$332.6M
Total DebtLower is stronger
$961.3M
Stockholders' EquityBook value
$4.7B
$1.7B
Total Assets
$10.1B
$3.5B
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DTM
DTM
MTX
MTX
Q4 25
$54.0M
$332.6M
Q3 25
$98.0M
$328.3M
Q2 25
$74.0M
$319.9M
Q1 25
$83.0M
$312.2M
Q4 24
$68.0M
$337.1M
Q3 24
$77.0M
$324.5M
Q2 24
$73.0M
$316.4M
Q1 24
$41.0M
$320.1M
Total Debt
DTM
DTM
MTX
MTX
Q4 25
$961.3M
Q3 25
$964.3M
Q2 25
$965.6M
Q1 25
$966.7M
Q4 24
$3.4B
$966.1M
Q3 24
$922.9M
Q2 24
$922.4M
Q1 24
$925.8M
Stockholders' Equity
DTM
DTM
MTX
MTX
Q4 25
$4.7B
$1.7B
Q3 25
$4.7B
$1.7B
Q2 25
$4.7B
$1.7B
Q1 25
$4.6B
$1.6B
Q4 24
$4.6B
$1.7B
Q3 24
$4.2B
$1.7B
Q2 24
$4.2B
$1.7B
Q1 24
$4.2B
$1.7B
Total Assets
DTM
DTM
MTX
MTX
Q4 25
$10.1B
$3.5B
Q3 25
$10.1B
$3.5B
Q2 25
$10.0B
$3.5B
Q1 25
$9.9B
$3.4B
Q4 24
$9.9B
$3.4B
Q3 24
$8.6B
$3.4B
Q2 24
$9.0B
$3.3B
Q1 24
$9.0B
$3.3B
Debt / Equity
DTM
DTM
MTX
MTX
Q4 25
0.56×
Q3 25
0.58×
Q2 25
0.58×
Q1 25
0.60×
Q4 24
0.72×
0.55×
Q3 24
0.54×
Q2 24
0.55×
Q1 24
0.56×

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
MTX
MTX
Operating Cash FlowLast quarter
$161.0M
$64.3M
Free Cash FlowOCF − Capex
$30.0M
$31.9M
FCF MarginFCF / Revenue
9.5%
6.1%
Capex IntensityCapex / Revenue
41.3%
6.2%
Cash ConversionOCF / Net Profit
1.45×
1.73×
TTM Free Cash FlowTrailing 4 quarters
$441.0M
$86.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DTM
DTM
MTX
MTX
Q4 25
$161.0M
$64.3M
Q3 25
$274.0M
$70.9M
Q2 25
$185.0M
$62.9M
Q1 25
$247.0M
$-4.4M
Q4 24
$152.0M
$70.4M
Q3 24
$205.0M
$60.0M
Q2 24
$165.0M
$50.1M
Q1 24
$241.0M
$55.9M
Free Cash Flow
DTM
DTM
MTX
MTX
Q4 25
$30.0M
$31.9M
Q3 25
$131.0M
$43.6M
Q2 25
$104.0M
$33.8M
Q1 25
$176.0M
$-22.7M
Q4 24
$62.0M
$42.3M
Q3 24
$124.0M
$35.3M
Q2 24
$84.0M
$29.9M
Q1 24
$143.0M
$39.4M
FCF Margin
DTM
DTM
MTX
MTX
Q4 25
9.5%
6.1%
Q3 25
41.7%
8.2%
Q2 25
33.7%
6.4%
Q1 25
58.1%
-4.6%
Q4 24
24.9%
8.2%
Q3 24
50.0%
6.7%
Q2 24
34.4%
5.5%
Q1 24
59.6%
7.4%
Capex Intensity
DTM
DTM
MTX
MTX
Q4 25
41.3%
6.2%
Q3 25
45.5%
5.1%
Q2 25
26.2%
5.5%
Q1 25
23.4%
3.7%
Q4 24
36.1%
5.4%
Q3 24
32.7%
4.7%
Q2 24
33.2%
3.7%
Q1 24
40.8%
3.1%
Cash Conversion
DTM
DTM
MTX
MTX
Q4 25
1.45×
1.73×
Q3 25
2.38×
1.65×
Q2 25
1.73×
1.39×
Q1 25
2.29×
Q4 24
2.08×
1.30×
Q3 24
2.33×
1.28×
Q2 24
1.72×
2.54×
Q1 24
2.48×
1.20×

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%

MTX
MTX

High Temperature Technologies$178.0M34%
Specialty Additives$141.8M27%
Household And Personal Care$132.5M26%
Environmental And Infrastructure$67.2M13%

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