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DT Midstream, Inc.（DTM）与OneStream, Inc.（OS）财务数据对比。点击上方公司名可切换其他公司
DT Midstream, Inc.的季度营收约是OneStream, Inc.的1.9倍（$317.0M vs $163.7M），DT Midstream, Inc.净利率更高（35.0% vs 0.6%，领先34.4%），DT Midstream, Inc.同比增速更快（27.3% vs 23.6%），DT Midstream, Inc.自由现金流更多（$30.0M vs $25.6M），过去两年OneStream, Inc.的营收复合增速更高（21.8% vs 14.9%）
ONEOK是美国油气中游运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及存储服务，是财富500强企业及标普500指数成分股。公司1906年成立时名为俄克拉荷马天然气公司，1980年更为现名。
Blue Stream面向美国佛罗里达州科勒尔斯普林斯、韦斯顿两地的居民及商业客户，提供有线电视、有线固话、数字录像服务，以及最高速率达1G的宽带互联网接入服务，深耕当地通信市场，为用户提供稳定可靠的多元通信解决方案。
DTM vs OS — 直观对比
营收规模更大
DTM
是对方的1.9倍
$163.7M
营收增速更快
DTM
高出3.7%
23.6%
净利率更高
DTM
高出34.4%
0.6%
自由现金流更多
DTM
多$4.4M
$25.6M
两年增速更快
OS
近两年复合增速
14.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $163.7M |
| 净利润 | $111.0M | $999.0K |
| 毛利率 | — | 69.8% |
| 营业利润率 | 49.2% | -3.2% |
| 净利率 | 35.0% | 0.6% |
| 营收同比 | 27.3% | 23.6% |
| 净利润同比 | 52.1% | — |
| 每股收益（稀释后） | $1.07 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DTMOS
| Q4 25 | $317.0M | $163.7M | ||
| Q3 25 | $314.0M | $154.3M | ||
| Q2 25 | $309.0M | $147.6M | ||
| Q1 25 | $303.0M | $136.3M | ||
| Q4 24 | $249.0M | $132.5M | ||
| Q3 24 | $248.0M | $129.1M | ||
| Q2 24 | $244.0M | $117.5M | ||
| Q1 24 | $240.0M | $110.3M |
净利润DTMOS
| Q4 25 | $111.0M | $999.0K | ||
| Q3 25 | $115.0M | $-8.8M | ||
| Q2 25 | $107.0M | $-18.4M | ||
| Q1 25 | $108.0M | $-24.0M | ||
| Q4 24 | $73.0M | — | ||
| Q3 24 | $88.0M | $-171.9M | ||
| Q2 24 | $96.0M | $-7.8M | ||
| Q1 24 | $97.0M | $-5.0M |
毛利率DTMOS
| Q4 25 | — | 69.8% | ||
| Q3 25 | — | 68.1% | ||
| Q2 25 | — | 68.6% | ||
| Q1 25 | — | 68.0% | ||
| Q4 24 | — | 66.8% | ||
| Q3 24 | — | 50.1% | ||
| Q2 24 | — | 68.5% | ||
| Q1 24 | — | 69.1% |
营业利润率DTMOS
| Q4 25 | 49.2% | -3.2% | ||
| Q3 25 | 49.4% | -11.3% | ||
| Q2 25 | 50.2% | -21.8% | ||
| Q1 25 | 48.8% | -29.3% | ||
| Q4 24 | 45.4% | -35.8% | ||
| Q3 24 | 49.2% | -197.6% | ||
| Q2 24 | 53.3% | -9.8% | ||
| Q1 24 | 51.7% | -4.9% |
净利率DTMOS
| Q4 25 | 35.0% | 0.6% | ||
| Q3 25 | 36.6% | -5.7% | ||
| Q2 25 | 34.6% | -12.5% | ||
| Q1 25 | 35.6% | -17.6% | ||
| Q4 24 | 29.3% | — | ||
| Q3 24 | 35.5% | -133.1% | ||
| Q2 24 | 39.3% | -6.7% | ||
| Q1 24 | 40.4% | -4.5% |
每股收益（稀释后）DTMOS
| Q4 25 | $1.07 | — | ||
| Q3 25 | $1.13 | — | ||
| Q2 25 | $1.04 | — | ||
| Q1 25 | $1.06 | — | ||
| Q4 24 | $0.73 | — | ||
| Q3 24 | $0.90 | $-1.06 | ||
| Q2 24 | $0.98 | — | ||
| Q1 24 | $0.99 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $54.0M | $693.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $504.7M |
| 总资产 | $10.1B | $1.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DTMOS
| Q4 25 | $54.0M | $693.6M | ||
| Q3 25 | $98.0M | $653.9M | ||
| Q2 25 | $74.0M | $652.1M | ||
| Q1 25 | $83.0M | $593.9M | ||
| Q4 24 | $68.0M | $544.2M | ||
| Q3 24 | $77.0M | $495.5M | ||
| Q2 24 | $73.0M | $140.5M | ||
| Q1 24 | $41.0M | — |
总债务DTMOS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DTMOS
| Q4 25 | $4.7B | $504.7M | ||
| Q3 25 | $4.7B | $472.1M | ||
| Q2 25 | $4.7B | $458.2M | ||
| Q1 25 | $4.6B | $412.9M | ||
| Q4 24 | $4.6B | $386.2M | ||
| Q3 24 | $4.2B | $458.2M | ||
| Q2 24 | $4.2B | $97.5M | ||
| Q1 24 | $4.2B | $102.5M |
总资产DTMOS
| Q4 25 | $10.1B | $1.0B | ||
| Q3 25 | $10.1B | $949.4M | ||
| Q2 25 | $10.0B | $910.5M | ||
| Q1 25 | $9.9B | $867.3M | ||
| Q4 24 | $9.9B | $823.2M | ||
| Q3 24 | $8.6B | $750.1M | ||
| Q2 24 | $9.0B | $379.7M | ||
| Q1 24 | $9.0B | — |
负债/权益比DTMOS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $161.0M | $25.8M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $25.6M |
| 自由现金流率自由现金流/营收 | 9.5% | 15.7% |
| 资本支出强度资本支出/营收 | 41.3% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.45× | 25.79× |
| 过去12个月自由现金流最近4个季度 | $441.0M | $95.6M |
8季度趋势，按日历期对齐
经营现金流DTMOS
| Q4 25 | $161.0M | $25.8M | ||
| Q3 25 | $274.0M | $5.0M | ||
| Q2 25 | $185.0M | $29.7M | ||
| Q1 25 | $247.0M | $36.2M | ||
| Q4 24 | $152.0M | — | ||
| Q3 24 | $205.0M | $2.4M | ||
| Q2 24 | $165.0M | $8.1M | ||
| Q1 24 | $241.0M | $25.5M |
自由现金流DTMOS
| Q4 25 | $30.0M | $25.6M | ||
| Q3 25 | $131.0M | $4.8M | ||
| Q2 25 | $104.0M | $29.4M | ||
| Q1 25 | $176.0M | $35.8M | ||
| Q4 24 | $62.0M | — | ||
| Q3 24 | $124.0M | $1.3M | ||
| Q2 24 | $84.0M | $7.7M | ||
| Q1 24 | $143.0M | $24.9M |
自由现金流率DTMOS
| Q4 25 | 9.5% | 15.7% | ||
| Q3 25 | 41.7% | 3.1% | ||
| Q2 25 | 33.7% | 19.9% | ||
| Q1 25 | 58.1% | 26.3% | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 50.0% | 1.0% | ||
| Q2 24 | 34.4% | 6.6% | ||
| Q1 24 | 59.6% | 22.5% |
资本支出强度DTMOS
| Q4 25 | 41.3% | 0.1% | ||
| Q3 25 | 45.5% | 0.1% | ||
| Q2 25 | 26.2% | 0.2% | ||
| Q1 25 | 23.4% | 0.3% | ||
| Q4 24 | 36.1% | — | ||
| Q3 24 | 32.7% | 0.8% | ||
| Q2 24 | 33.2% | 0.3% | ||
| Q1 24 | 40.8% | 0.6% |
现金转化率DTMOS
| Q4 25 | 1.45× | 25.79× | ||
| 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× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DTM
| Pipeline Segment | $173.0M | 55% |
| Gathering Segment | $144.0M | 45% |
OS
| Subscription And Circulation | $150.3M | 92% |
| Professional Services And Other | $9.4M | 6% |
| License | $4.0M | 2% |
