DT Midstream (DTM) vs South Bow (SOBO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
South Bow (SOBO) has outperformed DT Midstream (DTM) over the past year, gaining 19.0% versus a gain of 7.6%. DT Midstream is the larger company by market cap ($12.63 billion vs $7.06 billion), about 1.8 times the size. On valuation, South Bow trades at a lower forward P/E (17.4x vs 25.5x for DT Midstream).
South Bow offers the higher dividend yield (5.91% vs 2.75%). DT Midstream converts more of its revenue into profit, with a net margin of 35.5% versus 21.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | DTM | SOBO |
|---|---|---|
| Share price | $123.76 | $33.84 |
| Market cap | $12.63B | $7.06B |
| 1-day change | +0.87% | +1.41% |
| YTD return | +2.52% | +23.19% |
| 1-year return | +7.61% | +19.03% |
| 5-year return | +145.77% | — |
| P/E ratio (TTM) | 27.08 | 15.38 |
| Forward P/E | 25.51 | 17.43 |
| EPS (TTM) | $4.57 | $2.20 |
| Dividend yield | 2.75% | 5.91% |
| Annual dividend | $3.40 | $2.00 |
| Revenue (latest FY) | $1.24B | $1.99B |
| Revenue growth (YoY) | +26.71% | -6.32% |
| Net income (latest FY) | $441.00M | $433.00M |
| Gross margin | — | 84.24% |
| Operating margin | 49.40% | — |
| Net margin | 35.48% | 21.80% |
| 52-week high | $152.88 | $39.02 |
| 52-week low | $104.99 | $25.02 |
| Distance from 52-week high | -19.05% | -13.27% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +23.30% | +4.73% |
| Average volume | 919.63K | 618.51K |
| Shares outstanding | 102.02M | 208.59M |
| Employees | 588 | — |
| Sector | Utilities | Energy |
| Industry | Natural Gas Distribution | Oil & Gas Midstream |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- SOBO has outperformed DTM by 11.4 percentage points over the past year.
- DT Midstream trades at a higher earnings multiple (27.1x vs 15.4x trailing P/E).
- South Bow offers a meaningfully higher dividend yield (5.91% vs 2.75%).
- DT Midstream is more profitable, keeping 35.5 cents of every revenue dollar as net income versus 21.8 cents for South Bow.
- DT Midstream grew revenue faster in its latest fiscal year (+26.71% vs -6.32%).
- The two companies sit in different sectors: DT Midstream in Utilities and South Bow in Energy.
About DT Midstream
DTM stock →DT Midstream, Inc., together with its subsidiaries, provides integrated natural gas services in the United States. The company operates in two segments, Pipeline and Gathering.
Utilities · Natural Gas Distribution · 588 employees
About South Bow
SOBO stock →South Bow Corporation operates as an energy infrastructure company. It operates through three segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other.
Energy · Oil & Gas Midstream
DTM vs SOBO FAQ
Which is bigger, DT Midstream or South Bow?
DT Midstream (DTM) is larger, with a market capitalization of $12.63B compared with $7.06B for South Bow (SOBO).
Which stock has performed better over the past year, DTM or SOBO?
SOBO returned +19.03% over the past 12 months, compared with +7.61% for DTM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DTM or SOBO?
SOBO has the lower trailing P/E at 15.4, versus 27.1 for DTM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, DT Midstream or South Bow?
South Bow has the higher yield at 5.91%, compared with 2.75% for DT Midstream.
Are DT Midstream and South Bow in the same industry?
No. DT Midstream is in the Utilities sector, while South Bow is in Energy.