COMP <GO>
DTM vs WES // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
DT Midstream Inc. (NYSE) VS. Western Midstream Partners LP Common (NYSE) • 15-METRIC TALLY: DTM 6
— WES 7
■ METRIC PARITY
LAST: $126.98 (+1.75%) • MKT CAP: $12.95B
options-implied-move
—
LAST: $45.82 (+1.75%) • MKT CAP: $18.93B
options-implied-move
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (DTM VS. WES)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | DTM | WES | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 6.10% | 16.00% | -9.90 | WES | /roic <GO> |
| EV/EBITDA & P/E Valuation | 16.6x | 13.0x | +3.60 | WES | /valuation <GO> |
| Free Cash Flow Yield | 3.40% | 10.83% | -7.43 | WES | /fcf-yield <GO> |
| Operating Margin | 49.40% | 41.70% | +7.70 | DTM | /operating-margins <GO> |
| Net Profit Margin | 35.50% | 30.70% | +4.80 | DTM | /net-margins <GO> |
| Revenue Growth (YoY) | 26.70% | 6.60% | +20.10 | DTM | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.50% | 7.56% | -5.06 | WES | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.94 | 1.85 | +0.09 | DTM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 8/9 | +1.00 | DTM | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 53.9 | 52.9 | +1.00 | DTM | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.93 | 1.03 | -0.10 | WES | /macro-sensitivity <GO> |
| Forward P/E Multiple | 24.7x | 14.9x | +9.80 | WES | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $12.95B | $18.93B | -$5.98B | WES | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | DTM REV | WES REV | DTM GROSS % | WES GROSS % | DTM FCF | WES FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.24B | $3.84B | — | — | $441.0M | $2.05B |
| FY 2024 | $981.0M | $3.60B | — | — | $413.0M | $1.97B |
| FY 2023 | $922.0M | $3.11B | — | — | $756.5M | $1.52B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
DTM // BETA 0.93
WES // BETA 1.03