DTE Energy (DTE) Financials

$136.67 +0.41 (+0.30%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$136.65 -0.02 (-0.02%)

As of 05/30/2025 06:26 PM Eastern

Annual Income Statements for DTE Energy

This table shows DTE Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,404	1,397	1,083	907	1,368	1,169	2,448	1,134	868	727
Consolidated Net Income / (Loss)	1,404	1,397	1,083	903	1,371	1,172	1,118	1,112	834	720
Net Income / (Loss) Continuing Operations	1,404	1,397	1,083	786	1,045	942	1,782	1,713	-1,371	-854
Total Pre-Tax Income	1,370	1,566	1,112	656	1,082	1,013	2,073	2,215	1,105	950
Total Operating Income	2,091	2,243	1,748	1,495	1,555	1,430	2,728	2,876	-719	-335
Total Gross Profit	6,600	6,487	6,068	5,756	3,279	10,370	14,507	7,663	1,384	987
Total Revenue	12,457	12,745	19,228	14,964	11,423	12,168	19,510	17,709	10,630	10,337
Operating Revenue	12,457	12,745	19,228	14,964	11,423	12,168	19,510	17,709	10,630	10,337
Total Cost of Revenue	5,857	6,258	13,160	9,208	8,144	1,798	5,003	10,046	9,246	9,350
Operating Cost of Revenue	5,857	6,258	13,160	9,208	8,144	1,798	5,003	10,046	9,246	9,350
Total Operating Expenses	4,509	4,244	4,320	4,261	1,724	8,940	11,779	4,787	2,103	1,322
Depreciation Expense	1,732	1,606	1,468	1,377	1,292	1,169	1,960	753	1,726	852
Other Operating Expenses / (Income)	2,749	2,622	2,857	2,851	395	406	712	693	370	364
Impairment Charge	28	16	-5.00	33	37	14	26	41	7.00	106
Total Other Income / (Expense), net	-721	-677	-636	-839	-473	-417	-655	-661	-381	-289
Interest Expense	951	791	675	1,023	607	568	842	810	472	450
Interest & Investment Income	136	57	46	22	29	9.00	12	12	20	13
Other Income / (Expense), net	94	57	-7.00	162	105	142	175	137	71	148
Income Tax Expense	-34	169	29	-130	37	71	291	502	271	230
Basic Earnings per Share	$6.78	$6.77	$5.53	$4.68	$7.09	$6.32	$6.18	$6.32	$4.84	$4.05
Weighted Average Basic Shares Outstanding	207M	206M	195M	193M	193M	185M	181M	179M	179M	179M
Diluted Earnings per Share	$6.77	$6.76	$5.52	$4.67	$7.08	$6.31	$6.17	$6.32	$4.83	$4.05
Weighted Average Diluted Shares Outstanding	207M	206M	196M	194M	193M	185M	181M	179M	179M	179M
Weighted Average Basic & Diluted Shares Outstanding	345.87M	345.09M	344.32M	332.38M	332.14M	330.87M	181.20M	179.40M	179.30M	179M
Cash Dividends to Common per Share	$4.15	$3.88	$3.61	$3.88	$4.12	$3.85	$3.60	$3.36	$3.06	$2.84

This table shows DTE Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	445	292	477	322	313	419	332	201	445	265	387
Consolidated Net Income / (Loss)	445	292	477	322	313	419	332	201	445	265	387
Net Income / (Loss) Continuing Operations	445	292	477	322	313	419	332	201	445	265	387
Total Pre-Tax Income	427	322	356	358	334	482	354	235	495	294	393
Total Operating Income	624	555	517	502	517	656	538	397	652	462	545
Total Gross Profit	1,788	1,733	1,621	1,595	1,651	1,726	1,589	1,414	1,758	1,541	1,634
Total Revenue	4,440	3,436	2,906	2,875	3,240	3,394	2,888	2,684	3,779	4,476	5,251
Operating Revenue	4,440	3,436	2,906	2,875	3,240	3,394	2,888	2,684	3,779	4,476	5,251
Total Cost of Revenue	2,652	1,703	1,285	1,280	1,589	1,668	1,299	1,270	2,021	2,935	3,617
Operating Cost of Revenue	2,652	1,703	1,285	1,280	1,589	1,668	1,299	1,270	2,021	2,935	3,617
Total Operating Expenses	1,164	1,178	1,104	1,093	1,134	1,070	1,051	1,017	1,106	1,079	1,089
Depreciation Expense	452	444	438	427	423	421	404	396	385	375	369
Other Operating Expenses / (Income)	713	705	666	666	712	622	659	619	722	1,304	719
Impairment Charge	-1.00	29	0.00	0.00	-1.00	27	-12	2.00	-1.00	-1.00	1.00
Total Other Income / (Expense), net	-197	-233	-161	-144	-183	-174	-184	-162	-157	-168	-152
Interest Expense	250	248	252	233	218	208	200	192	191	189	171
Interest & Investment Income	23	34	48	36	18	12	15	13	17	20	10
Other Income / (Expense), net	30	-19	43	53	17	22	1.00	17	17	1.00	9.00
Income Tax Expense	-18	30	-121	36	21	63	22	34	50	29	6.00
Basic Earnings per Share	$2.14	$1.41	$2.30	$1.56	$1.51	$2.03	$1.61	$0.97	$2.16	$1.36	$2.00
Weighted Average Basic Shares Outstanding	207M	207M	207M	207M	206M	206M	206M	206M	206M	195M	193M
Diluted Earnings per Share	$2.14	$1.41	$2.30	$1.55	$1.51	$2.02	$1.61	$0.97	$2.16	$1.36	$1.99
Weighted Average Diluted Shares Outstanding	207M	207M	207M	207M	207M	206M	206M	206M	206M	196M	194M
Weighted Average Basic & Diluted Shares Outstanding	346.15M	345.87M	345.73M	345.65M	345.57M	345.09M	344.89M	344.81M	344.74M	344.32M	332.37M

This table details how cash moves in and out of DTE Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	37	8.00	8.00	-481	423	17	-13	-2.00	112	-11
Net Cash From Operating Activities	3,643	3,220	1,977	3,067	3,697	2,649	2,680	2,117	2,084	1,916
Net Cash From Continuing Operating Activities	3,643	3,220	1,977	3,067	3,697	2,649	2,680	2,139	2,084	1,916
Net Income / (Loss) Continuing Operations	1,404	1,397	1,083	903	1,371	1,172	1,118	1,134	834	720
Consolidated Net Income / (Loss)	1,404	1,397	1,083	903	1,371	1,172	1,118	1,134	834	720
Depreciation Expense	1,732	1,606	1,468	1,459	1,443	1,263	1,124	1,030	976	852
Amortization Expense	55	59	42	58	37	60	45	53	58	46
Non-Cash Adjustments To Reconcile Net Income	-142	-88	91	281	-69	15	-102	161	252	321
Changes in Operating Assets and Liabilities, net	594	246	-707	366	915	139	495	-261	-36	-23
Net Cash From Investing Activities	-4,951	-4,095	-3,431	-3,863	-4,070	-5,732	-3,347	-2,562	-3,390	-2,204
Net Cash From Continuing Investing Activities	-4,951	-4,095	-3,431	-3,863	-4,070	-5,732	-3,347	-2,562	-3,390	-2,204
Purchase of Property, Plant & Equipment	-4,467	-3,934	-3,378	-3,772	-3,857	-2,997	-	-2,250	-	-2,020
Acquisitions	-27	-27	-13	-8.00	-163	-2,619	-637	-299	-1,386	-339
Purchase of Investments	-1,609	-678	-878	-1,046	-2,350	-794	-1,188	-1,226	-1,463	-898
Sale of Property, Plant & Equipment	46	3.00	24	3.00	13	0.00	2.00	1.00	-	-
Sale and/or Maturity of Investments	1,635	706	895	1,065	2,374	798	1,212	1,250	1,468	904
Other Investing Activities, net	-529	-165	-81	-105	-87	-120	-2,736	-38	-2,009	149
Net Cash From Financing Activities	1,345	883	1,462	315	796	3,100	654	421	1,359	277
Net Cash From Continuing Financing Activities	1,345	883	1,462	315	796	3,100	654	421	1,418	277
Repayment of Debt	-2,378	-1,532	-1,269	-3,247	-1,755	-900	-163	-466	-816	-193
Repurchase of Common Equity	0.00	0.00	-55	-66	0.00	0.00	-	-51	-33	0.00
Payment of Dividends	-810	-752	-685	-836	-799	-751	-668	-632	-536	-509
Issuance of Debt	4,533	3,167	2,171	4,457	3,692	2,725	1,432	1,520	2,689	956
Issuance of Common Equity	0.00	0.00	1,300	44	38	2,326	53	50	114	23
Cash Interest Paid	869	751	638	671	679	595	572	495	448	428
Cash Income Taxes Paid	-230	-5.00	-3.00	-3.00	-360	18	-26	4.00	-1.00	14

This table details how cash moves in and out of DTE Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	2.00	-935	936	-262	298	-15	25	-96	94	-8.00	-31
Net Cash From Operating Activities	1,020	1,084	758	759	1,042	845	616	835	924	565	276
Net Cash From Continuing Operating Activities	1,020	1,084	758	759	1,042	845	616	835	924	565	276
Net Income / (Loss) Continuing Operations	445	292	477	322	313	419	332	201	445	265	387
Consolidated Net Income / (Loss)	445	292	477	322	313	419	332	201	445	265	387
Depreciation Expense	452	444	438	427	423	421	404	396	385	375	369
Amortization Expense	17	17	17	9.00	12	16	12	15	16	16	15
Non-Cash Adjustments To Reconcile Net Income	-58	6.00	-46	-71	-31	-2.00	-27	-24	-35	156	-21
Changes in Operating Assets and Liabilities, net	164	325	-128	72	325	-9.00	-105	247	113	-247	-474
Net Cash From Investing Activities	-968	-238	-1,189	-1,908	-1,616	-1,154	-983	-977	-981	-978	-885
Net Cash From Continuing Investing Activities	-968	-238	-1,189	-1,908	-1,616	-1,154	-983	-977	-981	-978	-885
Purchase of Property, Plant & Equipment	-873	-1,247	-1,128	-1,041	-1,051	-1,121	-937	-939	-937	-981	-866
Acquisitions	0.00	-23	-	-1.00	-3.00	-	-5.00	-12	-10	-1.00	-5.00
Purchase of Investments	-142	-119	-90	-1,090	-310	-154	-105	-251	-168	-168	-194
Sale and/or Maturity of Investments	142	1,177	92	255	111	163	108	265	170	177	195
Other Investing Activities, net	-95	-26	-64	-76	-363	-45	-44	-26	-50	-29	-15
Net Cash From Financing Activities	-50	-1,781	1,367	887	872	294	392	46	151	405	578
Net Cash From Continuing Financing Activities	-50	-1,781	1,367	887	872	294	392	46	151	405	578
Repayment of Debt	-926	-1,896	377	248	-1,107	-407	580	-658	-1,047	-1,124	98
Payment of Dividends	-217	-203	-203	-202	-202	-188	-188	-188	-188	-171	-172
Issuance of Debt	1,093	318	1,193	841	2,181	889	-	892	1,386	400	652

This table presents DTE Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	48,846	44,755	42,683	39,719	45,496	42,268	36,288	33,767	32,041	28,662
Total Current Assets	3,607	3,539	4,180	3,317	3,498	3,086	3,260	3,081	2,762	2,575
Cash & Equivalents	24	26	33	28	472	93	71	66	92	37
Restricted Cash	64	25	10	7.00	-	0.00	5.00	23	21	23
Accounts Receivable	1,827	1,787	2,182	1,830	1,669	1,887	1,897	1,856	1,593	1,348
Inventories, net	1,245	1,054	942	858	373	759	811	779	772	803
Other Current Assets	447	647	1,013	594	314	347	476	357	284	364
Plant, Property, & Equipment, net	30,893	28,169	28,767	26,944	24,499	25,317	21,650	20,721	19,730	18,034
Plant, Property & Equipment, gross	40,840	37,274	39,346	37,083	34,016	35,072	31,810	31,424	30,029	28,121
Accumulated Depreciation	9,947	9,105	10,579	10,139	9,517	9,755	10,160	10,703	10,299	10,087
Total Noncurrent Assets	14,346	13,047	9,736	9,458	6,409	13,865	11,378	9,804	9,379	8,053
Long-Term Investments	304	334	330	381	196	2,127	1,990	1,305	953	700
Noncurrent Note & Lease Receivables	898	420	331	310	-	202	64	73	73	85
Goodwill	1,993	1,993	1,993	1,993	-	2,464	2,293	2,293	2,286	2,018
Intangible Assets	144	156	166	177	-	2,393	849	867	842	89
Other Noncurrent Operating Assets	11,007	10,144	6,916	6,597	6,213	6,679	6,182	5,266	5,225	5,161
Total Liabilities & Shareholders' Equity	48,846	44,755	42,683	39,719	45,496	42,268	36,288	33,767	32,041	28,662
Total Liabilities	37,142	33,700	32,282	31,006	10,415	30,432	25,571	23,454	22,193	19,867
Total Current Liabilities	5,106	5,883	5,173	6,346	2,691	3,997	4,438	2,812	2,437	2,528
Short-Term Debt	2,363	3,425	2,286	3,632	469	1,894	2,108	730	513	972
Accounts Payable	1,387	1,361	1,604	1,414	0.00	1,076	1,329	1,171	1,079	809
Dividends Payable	226	210	196	171	-	195	172	158	148	131
Other Current Liabilities	906	717	933	989	649	685	702	642	601	527
Other Current Nonoperating Liabilities	224	170	154	140	158	147	127	111	96	89
Total Noncurrent Liabilities	32,036	27,817	27,109	24,660	9,139	26,435	21,133	20,642	19,756	17,339
Long-Term Debt	20,672	17,407	16,862	14,512	0.00	15,924	12,127	12,184	11,262	8,745
Capital Lease Obligations	18	13	11	19	24	11	7.00	1.00	7.00	15
Asset Retirement Reserve & Litigation Obligation	7,240	6,479	6,415	6,589	6,475	6,185	5,596	5,415	2,946	2,940
Noncurrent Deferred & Payable Income Tax Liabilities	3,227	2,830	2,576	2,321	2,231	2,481	2,113	2,010	4,255	62
Noncurrent Employee Benefit Liabilities	447	651	665	697	-	1,193	837	985	1,188	1,361
Other Noncurrent Operating Liabilities	432	437	580	522	409	641	453	47	98	293
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	11,704	11,055	10,401	8,713	12,562	11,836	10,717	9,990	9,499	8,795
Total Preferred & Common Equity	11,699	11,050	10,397	8,705	12,425	11,672	10,237	9,512	9,011	8,772
Total Common Equity	11,699	11,050	10,397	8,705	12,562	11,672	10,237	9,512	9,011	8,772
Common Stock	6,779	6,713	6,651	5,379	5,406	5,233	4,245	3,989	4,030	4,123
Retained Earnings	4,946	4,404	3,808	3,438	7,156	6,587	6,112	5,643	5,114	4,794
Accumulated Other Comprehensive Income / (Loss)	-26	-67	-62	-112	-	-148	-120	-120	-133	-145
Noncontrolling Interest	5.00	5.00	4.00	8.00	-	164	480	478	488	23

This table presents DTE Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	49,555	48,846	49,806	47,811	45,902	44,755	43,730	42,921	42,518	42,683	41,954
Total Current Assets	3,617	3,607	5,617	4,516	3,752	3,539	3,420	3,203	3,537	4,180	4,310
Cash & Equivalents	33	24	969	20	292	26	36	30	115	33	26
Restricted Cash	57	64	54	67	57	25	30	11	22	10	25
Accounts Receivable	1,888	1,827	1,613	1,750	1,615	1,787	1,566	1,495	1,693	2,182	1,980
Inventories, net	1,155	1,245	1,391	1,164	1,049	1,054	1,110	938	806	942	1,048
Other Current Assets	484	447	519	453	539	647	498	729	901	1,013	1,231
Plant, Property, & Equipment, net	31,099	30,893	30,068	29,445	28,585	28,169	27,528	29,696	29,187	28,767	28,099
Plant, Property & Equipment, gross	41,379	40,840	39,916	38,985	37,928	37,274	36,397	40,576	39,901	39,346	38,550
Accumulated Depreciation	10,280	9,947	9,848	9,540	9,343	9,105	8,869	10,880	10,714	10,579	10,451
Total Noncurrent Assets	14,839	14,346	14,121	13,850	13,565	13,047	12,782	10,022	9,794	9,736	9,545
Long-Term Investments	304	304	311	291	320	334	337	336	329	330	326
Noncurrent Note & Lease Receivables	973	898	852	815	768	420	400	374	334	331	316
Goodwill	1,993	1,993	1,993	1,993	1,993	1,993	1,993	1,993	1,993	1,993	1,993
Intangible Assets	141	144	148	152	153	156	159	161	164	166	170
Other Noncurrent Operating Assets	11,428	11,007	10,817	10,599	10,331	10,144	9,893	7,158	6,974	6,916	6,740
Total Liabilities & Shareholders' Equity	49,555	48,846	49,806	47,811	45,902	44,755	43,730	42,921	42,518	42,683	41,954
Total Liabilities	37,628	37,142	38,208	36,699	34,724	33,700	32,876	32,436	31,872	32,282	32,776
Total Current Liabilities	4,152	5,106	6,787	6,507	4,975	5,883	4,045	3,596	4,036	5,173	5,466
Short-Term Debt	1,459	2,363	4,167	3,769	2,699	3,425	1,811	1,225	1,853	2,286	2,419
Accounts Payable	1,300	1,387	1,290	1,307	1,098	1,361	1,135	1,051	1,085	1,604	1,619
Dividends Payable	226	226	211	422	211	210	196	393	196	196	171
Other Current Liabilities	926	906	860	780	729	717	690	754	728	933	1,100
Other Current Nonoperating Liabilities	241	224	259	229	238	170	213	173	174	154	157
Total Noncurrent Liabilities	33,476	32,036	31,421	30,192	29,749	27,817	28,831	28,840	27,836	27,109	27,310
Long-Term Debt	21,750	20,672	20,440	19,256	19,229	17,407	18,533	18,529	17,652	16,862	17,237
Capital Lease Obligations	15	18	18	18	19	13	9.00	9.00	10	11	13
Asset Retirement Reserve & Litigation Obligation	7,463	7,240	6,918	6,851	6,563	6,479	6,485	6,516	6,476	6,415	6,428
Noncurrent Deferred & Payable Income Tax Liabilities	3,353	3,227	3,025	3,022	2,886	2,830	2,755	2,704	2,648	2,576	2,496
Noncurrent Employee Benefit Liabilities	430	447	587	604	622	651	607	624	625	665	618
Other Noncurrent Operating Liabilities	465	432	433	441	430	437	442	458	425	580	518
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	11,927	11,704	11,598	11,112	11,178	11,055	10,854	10,485	10,646	10,401	8,986
Total Preferred & Common Equity	11,921	11,699	11,592	11,106	11,173	11,050	10,850	10,481	10,642	10,397	8,980
Total Common Equity	11,921	11,699	11,592	11,106	11,173	11,050	10,850	10,481	10,642	10,397	8,980
Common Stock	6,786	6,779	6,754	6,732	6,710	6,713	6,697	6,676	6,652	6,651	5,337
Retained Earnings	5,163	4,946	4,880	4,404	4,505	4,404	4,197	3,862	4,055	3,808	3,741
Accumulated Other Comprehensive Income / (Loss)	-28	-26	-42	-30	-42	-67	-44	-57	-65	-62	-98
Noncontrolling Interest	6.00	5.00	6.00	6.00	5.00	5.00	4.00	4.00	4.00	4.00	6.00

This table displays calculated financial ratios and metrics derived from DTE Energy's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.26%	-33.72%	28.50%	31.00%	-6.12%	-37.63%	10.17%	66.59%	2.83%	-15.97%
EBITDA Growth	0.18%	21.96%	2.43%	1.08%	8.46%	-28.90%	-0.59%	961.14%	-45.71%	-39.80%
EBIT Growth	-5.00%	32.11%	5.07%	-0.18%	5.60%	-45.85%	-3.65%	564.97%	-246.52%	-1,458.33%
NOPAT Growth	7.09%	17.54%	-4.96%	19.27%	12.94%	-43.29%	5.43%	509.86%	-113.74%	-206.33%
Net Income Growth	0.50%	28.99%	19.93%	-34.14%	16.98%	4.83%	0.54%	33.33%	15.83%	-20.97%
EPS Growth	0.15%	22.46%	18.20%	-34.04%	16.98%	4.83%	-2.37%	30.85%	19.26%	-20.59%
Operating Cash Flow Growth	13.14%	62.87%	-35.54%	-17.04%	39.56%	-1.16%	26.59%	1.58%	8.77%	3.85%
Free Cash Flow Firm Growth	-117.64%	66.43%	36.53%	-128.00%	283.29%	-398.18%	19.00%	128.81%	-118.16%	-18.55%
Invested Capital Growth	9.16%	7.98%	10.33%	14.88%	-16.13%	19.81%	5.70%	6.32%	14.74%	7.21%
Revenue Q/Q Growth	0.34%	-7.83%	-0.88%	27.40%	31.34%	-45.95%	3.58%	90.79%	-19.29%	-5.41%
EBITDA Q/Q Growth	-2.89%	7.05%	0.71%	23.60%	29.43%	-43.73%	-8.66%	247.13%	-92.51%	484.32%
EBIT Q/Q Growth	-6.10%	10.31%	0.75%	60.41%	67.68%	-59.41%	-12.16%	177.92%	-115.52%	83.81%
NOPAT Q/Q Growth	-2.30%	8.26%	-0.45%	-12.94%	48.35%	-57.19%	-8.71%	172.45%	-117.36%	71.88%
Net Income Q/Q Growth	-8.30%	12.39%	-3.56%	3.44%	26.48%	-15.07%	-6.99%	16.32%	5.97%	-23.73%
EPS Q/Q Growth	-8.27%	12.11%	-5.15%	2.86%	26.48%	-15.07%	-7.63%	15.54%	6.62%	-23.44%
Operating Cash Flow Q/Q Growth	7.02%	9.52%	-6.17%	-6.72%	4.76%	4.54%	2.52%	13.39%	-5.70%	-5.15%
Free Cash Flow Firm Q/Q Growth	11.85%	37.00%	-4.09%	-112.58%	153.31%	-492.95%	-17.21%	114.28%	-216.76%	33.00%
Invested Capital Q/Q Growth	1.54%	2.19%	2.57%	2.70%	-37.56%	10.77%	1.67%	1.75%	13.47%	1.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.98%	50.90%	31.56%	38.47%	28.71%	85.22%	74.36%	43.27%	13.02%	9.55%
EBITDA Margin	31.89%	31.11%	16.91%	21.21%	27.49%	23.79%	20.87%	23.13%	3.63%	6.88%
Operating Margin	16.79%	17.60%	9.09%	9.99%	13.61%	11.75%	13.98%	16.24%	-6.76%	-3.24%
EBIT Margin	17.54%	18.05%	9.05%	11.07%	14.53%	12.92%	14.88%	17.01%	-6.10%	-1.81%
Profit (Net Income) Margin	11.27%	10.96%	5.63%	6.03%	12.00%	9.63%	5.73%	6.28%	7.85%	6.97%
Tax Burden Percent	102.48%	89.21%	97.39%	137.65%	126.71%	115.70%	53.93%	50.20%	75.48%	75.79%
Interest Burden Percent	62.70%	68.09%	63.87%	39.59%	65.18%	64.44%	71.41%	73.51%	-170.52%	-508.02%
Effective Tax Rate	-2.48%	10.79%	2.61%	-19.82%	3.42%	7.01%	14.04%	22.66%	24.52%	24.21%
Return on Invested Capital (ROIC)	6.42%	6.51%	6.05%	7.15%	5.88%	5.22%	10.39%	10.45%	-2.81%	-1.46%
ROIC Less NNEP Spread (ROIC-NNEP)	3.06%	3.49%	2.72%	0.99%	4.90%	4.11%	0.34%	0.81%	10.73%	9.59%
Return on Net Nonoperating Assets (RNNOA)	5.91%	6.51%	5.29%	1.33%	5.36%	5.18%	0.41%	0.96%	11.93%	9.86%
Return on Equity (ROE)	12.34%	13.02%	11.33%	8.49%	11.24%	10.39%	10.80%	11.41%	9.12%	8.40%
Cash Return on Invested Capital (CROIC)	-2.33%	-1.16%	-3.78%	-6.69%	23.43%	-12.81%	4.85%	4.32%	-16.54%	-8.42%
Operating Return on Assets (OROA)	4.67%	5.26%	4.23%	3.89%	3.78%	4.00%	8.29%	9.16%	-2.14%	-0.66%
Return on Assets (ROA)	3.00%	3.20%	2.63%	2.12%	3.12%	2.98%	3.19%	3.38%	2.75%	2.55%
Return on Common Equity (ROCE)	12.33%	13.02%	11.32%	8.49%	11.16%	10.10%	10.30%	10.85%	8.86%	8.38%
Return on Equity Simple (ROE_SIMPLE)	12.00%	12.64%	10.42%	10.37%	11.03%	10.04%	10.92%	11.69%	9.26%	8.21%
Net Operating Profit after Tax (NOPAT)	2,143	2,001	1,702	1,791	1,502	1,330	2,345	2,224	-543	-254
NOPAT Margin	17.20%	15.70%	8.85%	11.97%	13.15%	10.93%	12.02%	12.56%	-5.11%	-2.46%
Net Nonoperating Expense Percent (NNEP)	3.36%	3.02%	3.33%	6.17%	0.98%	1.11%	10.05%	9.63%	-13.54%	-11.05%
Return On Investment Capital (ROIC_SIMPLE)	6.17%	6.27%	5.76%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	47.02%	49.10%	68.44%	61.53%	71.29%	14.78%	25.64%	56.73%	86.98%	90.45%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	60.41%	46.55%	18.63%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.20%	33.30%	22.47%	28.48%	15.09%	73.47%	60.37%	27.03%	19.78%	12.79%
Earnings before Interest and Taxes (EBIT)	2,185	2,300	1,741	1,657	1,660	1,572	2,903	3,013	-648	-187
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,972	3,965	3,251	3,174	3,140	2,895	4,072	4,096	386	711
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.57	3.32	3.50	4.20	2.84	3.05	2.85	2.92	2.69	2.18
Price to Tangible Book Value (P/TBV)	4.37	4.12	4.42	5.60	2.84	5.22	4.12	4.38	4.12	2.87
Price to Revenue (P/Rev)	3.35	2.88	1.89	2.44	3.12	2.93	1.50	1.57	2.28	1.85
Price to Earnings (P/E)	29.73	26.27	33.60	40.31	26.08	30.46	11.93	24.51	27.95	26.29
Dividend Yield	3.44%	3.64%	3.30%	4.07%	3.84%	3.48%	3.94%	3.84%	4.01%	4.73%
Earnings Yield	3.36%	3.81%	2.98%	2.48%	3.83%	3.28%	8.38%	4.08%	3.58%	3.80%
Enterprise Value to Invested Capital (EV/IC)	1.85	1.79	1.87	2.03	1.52	1.85	1.80	1.81	1.72	1.56
Enterprise Value to Revenue (EV/Rev)	5.17	4.48	2.87	3.63	3.11	4.22	2.15	2.25	3.34	2.72
Enterprise Value to EBITDA (EV/EBITDA)	16.22	14.42	16.97	17.11	11.31	17.75	10.28	9.72	91.88	39.53
Enterprise Value to EBIT (EV/EBIT)	29.48	24.85	31.69	32.78	21.39	32.68	14.42	13.21	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	30.06	28.57	32.41	30.32	23.64	38.64	17.85	17.89	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	17.68	17.75	27.91	17.71	9.60	19.40	15.62	18.80	17.02	14.67
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	5.93	0.00	38.22	43.25	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.97	1.89	1.84	2.08	0.04	1.51	1.33	1.29	1.24	1.11
Long-Term Debt to Equity	1.77	1.58	1.62	1.67	0.00	1.35	1.13	1.22	1.19	1.00
Financial Leverage	1.93	1.86	1.95	1.35	1.09	1.26	1.18	1.18	1.11	1.03
Leverage Ratio	4.11	4.08	4.31	4.01	3.60	3.48	3.38	3.38	3.32	3.30
Compound Leverage Factor	2.58	2.77	2.75	1.59	2.34	2.24	2.42	2.48	-5.66	-16.77
Debt to Total Capital	66.33%	65.34%	64.81%	67.58%	3.78%	60.10%	57.06%	56.39%	55.36%	52.53%
Short-Term Debt to Total Capital	6.80%	10.74%	7.73%	13.51%	3.59%	6.38%	8.45%	3.19%	2.41%	5.25%
Long-Term Debt to Total Capital	59.53%	54.61%	57.08%	54.07%	0.18%	53.72%	48.62%	53.20%	52.95%	47.28%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.01%	0.02%	0.01%	0.03%	0.00%	0.55%	1.92%	2.09%	2.29%	0.12%
Common Equity to Total Capital	33.66%	34.64%	35.17%	32.39%	96.22%	39.35%	41.02%	41.53%	42.34%	47.35%
Debt to EBITDA	5.80	5.26	5.89	5.72	0.16	6.16	3.50	3.15	30.52	13.69
Net Debt to EBITDA	5.71	5.16	5.78	5.59	-0.06	5.39	2.99	2.81	27.76	12.62
Long-Term Debt to EBITDA	5.21	4.39	5.19	4.58	0.01	5.50	2.98	2.97	29.19	12.32
Debt to NOPAT	10.76	10.42	11.25	10.14	0.33	13.41	6.07	5.81	-21.71	-38.33
Net Debt to NOPAT	10.58	10.23	11.03	9.91	-0.12	11.74	5.19	5.18	-19.75	-35.34
Long-Term Debt to NOPAT	9.66	8.71	9.91	8.11	0.02	11.98	5.17	5.48	-20.77	-34.50
Altman Z-Score	1.18	1.18	1.36	1.25	2.67	1.30	1.68	1.77	1.16	1.15
Noncontrolling Interest Sharing Ratio	0.04%	0.04%	0.06%	0.04%	0.67%	2.86%	4.63%	4.96%	2.79%	0.22%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.71	0.60	0.81	0.52	1.30	0.77	0.73	1.10	1.13	1.02
Quick Ratio	0.36	0.31	0.43	0.29	0.80	0.50	0.44	0.68	0.69	0.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-777	-357	-1,064	-1,676	5,985	-3,265	1,095	920	-3,194	-1,464
Operating Cash Flow to CapEx	82.40%	81.91%	58.94%	81.37%	96.18%	88.39%	0.00%	94.13%	0.00%	94.85%
Free Cash Flow to Firm to Interest Expense	-0.82	-0.45	-1.58	-1.64	9.86	-5.75	1.30	1.14	-6.77	-3.25
Operating Cash Flow to Interest Expense	3.83	4.07	2.93	3.00	6.09	4.66	3.18	2.61	4.42	4.26
Operating Cash Flow Less CapEx to Interest Expense	-0.82	-0.90	-2.04	-0.69	-0.24	-0.61	3.19	-0.16	4.42	-0.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.29	0.47	0.35	0.26	0.31	0.56	0.54	0.35	0.37
Accounts Receivable Turnover	6.89	6.42	9.59	8.55	6.42	6.43	10.40	10.27	7.23	7.02
Inventory Turnover	5.10	6.27	14.62	14.96	14.39	2.29	6.29	12.95	11.74	11.64
Fixed Asset Turnover	0.42	0.45	0.69	0.58	0.46	0.52	0.92	0.88	0.56	0.59
Accounts Payable Turnover	4.26	4.22	8.72	0.00	0.00	1.50	4.00	8.93	9.79	10.49
Days Sales Outstanding (DSO)	52.95	56.83	38.08	42.67	56.81	56.75	35.11	35.54	50.49	52.01
Days Inventory Outstanding (DIO)	71.64	58.21	24.96	24.40	25.37	159.36	58.00	28.18	31.09	31.37
Days Payable Outstanding (DPO)	85.63	86.47	41.85	0.00	0.00	244.11	91.20	40.87	37.27	34.78
Cash Conversion Cycle (CCC)	38.96	28.57	21.19	67.07	82.18	-28.00	1.91	22.85	44.31	48.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	34,815	31,895	29,537	26,771	23,304	27,787	23,192	21,942	20,638	17,987
Invested Capital Turnover	0.37	0.41	0.68	0.60	0.45	0.48	0.86	0.83	0.55	0.59
Increase / (Decrease) in Invested Capital	2,920	2,358	2,766	3,467	-4,483	4,595	1,250	1,304	2,651	1,210
Enterprise Value (EV)	64,413	57,160	55,178	54,319	35,504	51,378	41,854	39,797	35,466	28,108
Market Capitalization	41,747	36,695	36,388	36,564	35,679	35,605	29,198	27,798	24,262	19,113
Book Value per Share	$33.84	$32.04	$31.28	$26.19	$37.82	$36.25	$31.94	$29.91	$28.33	$27.58
Tangible Book Value per Share	$27.66	$25.81	$24.79	$19.66	$37.82	$21.16	$22.13	$19.97	$18.50	$20.95
Total Capital	34,757	31,900	29,560	26,876	13,055	29,665	24,959	22,905	21,281	18,527
Total Debt	23,053	20,845	19,159	18,163	493	17,829	14,242	12,915	11,782	9,732
Total Long-Term Debt	20,690	17,420	16,873	14,531	24	15,935	12,134	12,185	11,269	8,760
Net Debt	22,661	20,460	18,786	17,747	-175	15,609	12,176	11,521	10,716	8,972
Capital Expenditures (CapEx)	4,421	3,931	3,354	3,769	3,844	2,997	-2.00	2,249	0.00	2,020
Debt-free, Cash-free Net Working Capital (DFCFNWC)	776	1,030	1,250	568	804	890	854	910	725	959
Debt-free Net Working Capital (DFNWC)	864	1,081	1,293	603	1,276	983	930	999	838	1,019
Net Working Capital (NWC)	-1,499	-2,344	-993	-3,029	807	-911	-1,178	269	325	47
Net Nonoperating Expense (NNE)	739	604	619	888	131	158	1,227	1,112	-1,377	-974
Net Nonoperating Obligations (NNO)	23,111	20,840	19,136	18,058	10,742	15,951	12,475	11,952	11,139	9,192
Total Depreciation and Amortization (D&A)	1,787	1,665	1,510	1,517	1,480	1,323	1,169	1,083	1,034	898
Debt-free, Cash-free Net Working Capital to Revenue	6.23%	8.08%	6.50%	3.80%	7.04%	7.31%	4.38%	5.14%	6.82%	9.28%
Debt-free Net Working Capital to Revenue	6.94%	8.48%	6.72%	4.03%	11.17%	8.08%	4.77%	5.64%	7.88%	9.86%
Net Working Capital to Revenue	-12.03%	-18.39%	-5.16%	-20.24%	7.06%	-7.49%	-6.04%	1.52%	3.06%	0.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.78	$6.77	$5.53	$4.68	$6.03	$5.38	$5.26	$5.38	$4.12	$3.45
Adjusted Weighted Average Basic Shares Outstanding	207M	206M	195M	193M	226.83M	217.42M	212.72M	210.37M	210.37M	210.37M
Adjusted Diluted Earnings per Share	$6.77	$6.76	$5.52	$4.67	$6.02	$5.37	$5.25	$5.38	$4.11	$3.45
Adjusted Weighted Average Diluted Shares Outstanding	207M	206M	196M	194M	226.83M	217.42M	212.72M	210.37M	373.81M	373.86M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	345.87M	345.09M	344.32M	332.38M	390.35M	388.86M	376.74M	373.75M	373.81M	373.86M
Normalized Net Operating Profit after Tax (NOPAT)	1,483	2,015	1,698	1,070	1,538	1,343	2,367	2,256	-537	-174
Normalized NOPAT Margin	11.91%	15.81%	8.83%	7.15%	13.46%	11.04%	12.13%	12.74%	-5.06%	-1.68%
Pre Tax Income Margin	11.00%	12.29%	5.78%	4.38%	9.47%	8.33%	10.63%	12.51%	10.40%	9.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.30	2.91	2.58	1.62	2.73	2.77	3.45	3.72	-1.37	-0.42
NOPAT to Interest Expense	2.25	2.53	2.52	1.75	2.47	2.34	2.79	2.75	-1.15	-0.56
EBIT Less CapEx to Interest Expense	-2.35	-2.06	-2.39	-2.06	-3.60	-2.51	3.45	0.94	-1.37	-4.90
NOPAT Less CapEx to Interest Expense	-2.40	-2.44	-2.45	-1.93	-3.86	-2.94	2.79	-0.03	-1.15	-5.05
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	57.69%	53.83%	63.25%	92.58%	58.28%	64.08%	59.75%	56.83%	64.27%	70.69%
Augmented Payout Ratio	57.69%	53.83%	68.33%	99.89%	58.28%	64.08%	59.75%	61.42%	68.23%	70.69%

This table displays calculated financial ratios and metrics derived from DTE Energy's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	37.04%	1.24%	0.62%	7.12%	-14.26%	-24.17%	-45.00%	-45.49%	-17.44%	-3.68%	41.35%
EBITDA Growth	15.89%	-10.58%	6.28%	20.12%	-9.44%	30.56%	1.81%	52.21%	16.68%	2.77%	14.25%
EBIT Growth	22.47%	-20.94%	3.90%	34.06%	-20.18%	46.44%	-2.71%	146.43%	20.32%	2.89%	19.91%
NOPAT Growth	34.22%	-11.74%	37.29%	32.97%	-17.34%	36.94%	-5.98%	-24.78%	9.31%	-1.66%	89.30%
Net Income Growth	42.17%	-30.31%	43.67%	60.20%	-29.66%	58.11%	-14.21%	443.24%	12.94%	-13.11%	1,659.09%
EPS Growth	41.72%	-30.20%	42.86%	59.79%	-30.09%	48.53%	-19.10%	410.53%	6.40%	-14.47%	1,430.77%
Operating Cash Flow Growth	-2.11%	28.28%	23.05%	-9.10%	12.77%	49.56%	123.19%	154.57%	14.36%	-18.71%	-39.47%
Free Cash Flow Firm Growth	13.31%	-35.18%	-24.70%	3.32%	14.05%	23.91%	12.98%	-173.23%	-170.66%	22.80%	-119.02%
Invested Capital Growth	7.70%	9.16%	9.85%	9.62%	8.78%	7.98%	8.39%	10.54%	11.47%	10.33%	10.48%
Revenue Q/Q Growth	29.22%	18.24%	1.08%	-11.27%	-4.54%	17.52%	7.60%	-28.98%	-15.57%	-14.76%	6.64%
EBITDA Q/Q Growth	12.64%	-1.77%	2.42%	2.27%	-13.09%	16.75%	15.76%	-22.90%	25.29%	-8.96%	73.06%
EBIT Q/Q Growth	22.01%	-4.29%	0.90%	3.93%	-21.24%	25.79%	30.19%	-38.12%	44.49%	-16.43%	229.76%
NOPAT Q/Q Growth	29.21%	-27.35%	53.42%	-6.81%	-15.04%	13.02%	48.59%	-42.07%	40.75%	-22.41%	18.89%
Net Income Q/Q Growth	52.40%	-38.78%	48.14%	2.88%	-25.30%	26.20%	65.17%	-54.83%	67.92%	-31.52%	945.95%
EPS Q/Q Growth	51.77%	-38.70%	48.39%	2.65%	-25.25%	25.47%	65.98%	-55.09%	58.82%	-31.66%	947.37%
Operating Cash Flow Q/Q Growth	-5.90%	43.01%	-0.13%	-27.16%	23.31%	37.18%	-26.23%	-9.63%	63.54%	104.71%	-15.85%
Free Cash Flow Firm Q/Q Growth	22.68%	-1.45%	3.84%	-14.94%	-20.57%	6.42%	25.44%	-2.18%	-6.74%	-7.03%	-162.73%
Invested Capital Q/Q Growth	1.17%	1.54%	2.76%	2.02%	2.54%	2.19%	2.55%	1.24%	1.79%	2.57%	4.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.27%	50.44%	55.78%	55.48%	50.96%	50.85%	55.02%	52.68%	46.52%	34.43%	31.12%
EBITDA Margin	25.29%	29.02%	34.93%	34.47%	29.91%	32.85%	33.07%	30.74%	28.31%	19.08%	17.86%
Operating Margin	14.05%	16.15%	17.79%	17.46%	15.96%	19.33%	18.63%	14.79%	17.25%	10.32%	10.38%
EBIT Margin	14.73%	15.60%	19.27%	19.30%	16.48%	19.98%	18.66%	15.42%	17.70%	10.34%	10.55%
Profit (Net Income) Margin	10.02%	8.50%	16.41%	11.20%	9.66%	12.35%	11.50%	7.49%	11.78%	5.92%	7.37%
Tax Burden Percent	104.22%	90.68%	133.99%	89.94%	93.71%	86.93%	93.79%	85.53%	89.90%	90.14%	98.47%
Interest Burden Percent	65.29%	60.07%	63.57%	64.50%	62.55%	71.09%	65.68%	56.76%	73.99%	63.50%	70.94%
Effective Tax Rate	-4.22%	9.32%	-33.99%	10.06%	6.29%	13.07%	6.21%	14.47%	10.10%	9.86%	1.53%
Return on Invested Capital (ROIC)	5.89%	5.47%	9.04%	6.10%	5.82%	6.97%	8.05%	7.07%	10.02%	6.35%	7.23%
ROIC Less NNEP Spread (ROIC-NNEP)	4.97%	4.51%	8.03%	5.49%	4.98%	6.21%	7.19%	6.35%	9.27%	5.54%	6.43%
Return on Net Nonoperating Assets (RNNOA)	9.65%	8.71%	15.40%	10.73%	9.34%	11.58%	14.56%	12.97%	17.83%	10.78%	13.64%
Return on Equity (ROE)	15.54%	14.18%	24.44%	16.83%	15.16%	18.55%	22.61%	20.03%	27.85%	17.13%	20.87%
Cash Return on Invested Capital (CROIC)	-0.62%	-2.33%	-2.69%	-2.89%	-2.36%	-1.16%	-1.89%	-3.51%	-4.73%	-3.78%	-3.72%
Operating Return on Assets (OROA)	4.21%	4.15%	5.12%	5.28%	4.55%	5.82%	6.02%	5.93%	7.87%	4.83%	5.03%
Return on Assets (ROA)	2.87%	2.26%	4.36%	3.06%	2.67%	3.60%	3.71%	2.88%	5.24%	2.76%	3.51%
Return on Common Equity (ROCE)	15.53%	14.17%	24.43%	16.82%	15.15%	18.54%	22.60%	20.03%	27.84%	17.12%	20.85%
Return on Equity Simple (ROE_SIMPLE)	12.88%	0.00%	13.21%	12.48%	11.32%	0.00%	11.46%	12.38%	10.66%	0.00%	12.51%
Net Operating Profit after Tax (NOPAT)	650	503	693	452	484	570	505	340	586	416	537
NOPAT Margin	14.65%	14.65%	23.84%	15.71%	14.95%	16.80%	17.47%	12.65%	15.51%	9.30%	10.22%
Net Nonoperating Expense Percent (NNEP)	0.92%	0.96%	1.00%	0.61%	0.84%	0.76%	0.86%	0.71%	0.75%	0.81%	0.80%
Return On Investment Capital (ROIC_SIMPLE)	1.85%	1.45%	-	-	-	1.79%	-	-	-	1.41%	-
Cost of Revenue to Revenue	59.73%	49.56%	44.22%	44.52%	49.04%	49.15%	44.98%	47.32%	53.48%	65.57%	68.88%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.22%	34.28%	37.99%	38.02%	35.00%	31.53%	36.39%	37.89%	29.27%	24.11%	20.74%
Earnings before Interest and Taxes (EBIT)	654	536	560	555	534	678	539	414	669	463	554
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,123	997	1,015	991	969	1,115	955	825	1,070	854	938
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.01	3.57	3.83	3.45	3.43	3.32	3.04	3.49	3.39	3.50	4.00
Price to Tangible Book Value (P/TBV)	4.89	4.37	4.70	4.28	4.25	4.12	3.80	4.39	4.25	4.42	5.27
Price to Revenue (P/Rev)	3.50	3.35	3.58	3.09	3.14	2.88	2.39	2.26	1.96	1.89	1.85
Price to Earnings (P/E)	31.14	29.73	28.99	27.68	30.30	26.27	26.57	28.17	31.79	33.60	31.98
Dividend Yield	3.05%	3.44%	3.18%	3.61%	3.55%	3.64%	3.98%	3.53%	3.51%	3.30%	3.27%
Earnings Yield	3.21%	3.36%	3.45%	3.61%	3.30%	3.81%	3.76%	3.55%	3.15%	2.98%	3.13%
Enterprise Value to Invested Capital (EV/IC)	2.01	1.85	1.94	1.80	1.82	1.79	1.70	1.84	1.83	1.87	1.92
Enterprise Value to Revenue (EV/Rev)	5.17	5.17	5.37	4.84	4.87	4.48	3.83	3.46	2.99	2.87	2.85
Enterprise Value to EBITDA (EV/EBITDA)	17.13	16.22	16.29	14.88	15.37	14.42	14.30	15.18	16.19	16.97	17.11
Enterprise Value to EBIT (EV/EBIT)	30.66	29.48	28.63	26.01	27.44	24.85	25.41	26.65	29.72	31.69	31.97
Enterprise Value to NOPAT (EV/NOPAT)	30.62	30.06	30.37	29.88	31.30	28.57	28.67	29.71	31.58	32.41	32.30
Enterprise Value to Operating Cash Flow (EV/OCF)	19.51	17.68	19.57	18.38	17.80	17.75	18.02	21.52	26.33	27.91	26.22
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.95	1.97	2.12	2.07	1.96	1.89	1.88	1.88	1.83	1.84	2.19
Long-Term Debt to Equity	1.82	1.77	1.76	1.73	1.72	1.58	1.71	1.77	1.66	1.62	1.92
Financial Leverage	1.94	1.93	1.92	1.95	1.88	1.86	2.02	2.04	1.92	1.95	2.12
Leverage Ratio	4.13	4.11	4.17	4.20	4.05	4.08	4.32	4.42	4.25	4.31	4.63
Compound Leverage Factor	2.70	2.47	2.65	2.71	2.53	2.90	2.84	2.51	3.14	2.74	3.29
Debt to Total Capital	66.07%	66.33%	67.98%	67.47%	66.26%	65.34%	65.22%	65.34%	64.70%	64.81%	68.64%
Short-Term Debt to Total Capital	4.15%	6.80%	11.50%	11.04%	8.15%	10.74%	5.80%	4.05%	6.14%	7.73%	8.44%
Long-Term Debt to Total Capital	61.92%	59.53%	56.48%	56.43%	58.11%	54.61%	59.42%	61.29%	58.56%	57.08%	60.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.02%
Common Equity to Total Capital	33.91%	33.66%	32.00%	32.52%	33.73%	34.64%	34.77%	34.65%	35.28%	35.17%	31.34%
Debt to EBITDA	5.63	5.80	6.02	5.72	5.68	5.26	5.49	5.36	5.73	5.89	6.09
Net Debt to EBITDA	5.53	5.71	5.43	5.36	5.46	5.16	5.39	5.26	5.60	5.78	5.98
Long-Term Debt to EBITDA	5.28	5.21	5.00	4.78	4.98	4.39	5.01	5.03	5.19	5.19	5.34
Debt to NOPAT	10.06	10.76	11.23	11.48	11.56	10.42	11.01	10.49	11.18	11.25	11.50
Net Debt to NOPAT	9.89	10.58	10.13	10.76	11.11	10.23	10.79	10.29	10.92	11.03	11.28
Long-Term Debt to NOPAT	9.43	9.66	9.33	9.60	10.14	8.71	10.03	9.84	10.12	9.91	10.09
Altman Z-Score	1.21	1.07	1.09	1.00	1.07	1.06	1.08	1.20	1.28	1.26	1.26
Noncontrolling Interest Sharing Ratio	0.05%	0.04%	0.04%	0.05%	0.04%	0.04%	0.05%	0.05%	0.04%	0.06%	0.10%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.87	0.71	0.83	0.69	0.75	0.60	0.85	0.89	0.88	0.81	0.79
Quick Ratio	0.46	0.36	0.54	0.44	0.42	0.31	0.40	0.42	0.45	0.43	0.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,869	-2,417	-2,382	-2,477	-2,156	-1,788	-1,910	-2,562	-2,508	-2,350	-2,195
Operating Cash Flow to CapEx	116.84%	86.93%	67.26%	76.20%	99.14%	75.58%	65.74%	87.62%	100.11%	57.59%	31.87%
Free Cash Flow to Firm to Interest Expense	-7.47	-9.74	-9.45	-10.63	-9.89	-8.59	-9.55	-13.35	-13.13	-12.43	-12.84
Operating Cash Flow to Interest Expense	4.08	4.37	3.01	3.26	4.78	4.06	3.08	4.35	4.84	2.99	1.61
Operating Cash Flow Less CapEx to Interest Expense	0.59	-0.66	-1.46	-1.02	-0.04	-1.31	-1.61	-0.61	0.01	-2.20	-3.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.27	0.27	0.27	0.28	0.29	0.32	0.38	0.44	0.47	0.48
Accounts Receivable Turnover	7.80	6.89	7.81	7.64	7.38	6.42	7.80	8.86	10.52	9.59	10.57
Inventory Turnover	6.28	5.10	4.66	5.55	6.28	6.27	6.97	10.98	15.95	14.62	12.99
Fixed Asset Turnover	0.46	0.42	0.43	0.42	0.42	0.45	0.50	0.56	0.65	0.69	0.72
Accounts Payable Turnover	5.77	4.26	4.80	4.95	5.34	4.22	5.46	7.04	10.18	8.72	8.54
Days Sales Outstanding (DSO)	46.81	52.95	46.73	47.77	49.46	56.83	46.80	41.18	34.71	38.08	34.55
Days Inventory Outstanding (DIO)	58.13	71.64	78.40	65.73	58.11	58.21	52.34	33.24	22.89	24.96	28.10
Days Payable Outstanding (DPO)	63.24	85.63	76.02	73.74	68.38	86.47	66.79	51.84	35.86	41.85	42.72
Cash Conversion Cycle (CCC)	41.69	38.96	49.11	39.77	39.19	28.57	32.35	22.58	21.73	21.19	19.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	35,224	34,815	34,288	33,366	32,705	31,895	31,213	30,437	30,065	29,537	28,798
Invested Capital Turnover	0.40	0.37	0.38	0.39	0.39	0.41	0.46	0.56	0.65	0.68	0.71
Increase / (Decrease) in Invested Capital	2,519	2,920	3,075	2,929	2,640	2,358	2,415	2,902	3,094	2,766	2,732
Enterprise Value (EV)	70,660	64,413	66,611	59,971	59,407	57,160	52,984	55,956	55,108	55,178	55,244
Market Capitalization	47,824	41,747	44,385	38,362	38,324	36,695	33,030	36,566	36,055	36,388	35,946
Book Value per Share	$34.47	$33.84	$33.54	$32.14	$54.24	$32.04	$31.47	$30.40	$30.91	$31.28	$27.02
Tangible Book Value per Share	$28.30	$27.66	$27.34	$25.93	$43.82	$25.81	$25.23	$24.15	$24.64	$24.79	$20.51
Total Capital	35,151	34,757	36,223	34,155	33,125	31,900	31,207	30,248	30,161	29,560	28,655
Total Debt	23,224	23,053	24,625	23,043	21,947	20,845	20,353	19,763	19,515	19,159	19,669
Total Long-Term Debt	21,765	20,690	20,458	19,274	19,248	17,420	18,542	18,538	17,662	16,873	17,250
Net Debt	22,830	22,661	22,220	21,603	21,078	20,460	19,950	19,386	19,049	18,786	19,292
Capital Expenditures (CapEx)	873	1,247	1,127	996	1,051	1,118	937	953	923	981	866
Debt-free, Cash-free Net Working Capital (DFCFNWC)	834	776	903	629	927	1,030	1,120	791	1,217	1,250	1,212
Debt-free Net Working Capital (DFNWC)	924	864	2,997	1,778	1,476	1,081	1,186	832	1,354	1,293	1,263
Net Working Capital (NWC)	-535	-1,499	-1,170	-1,991	-1,223	-2,344	-625	-393	-499	-993	-1,156
Net Nonoperating Expense (NNE)	205	211	216	130	171	151	173	139	141	151	150
Net Nonoperating Obligations (NNO)	23,297	23,111	22,690	22,254	21,527	20,840	20,359	19,952	19,419	19,136	19,812
Total Depreciation and Amortization (D&A)	469	461	455	436	435	437	416	411	401	391	384
Debt-free, Cash-free Net Working Capital to Revenue	6.11%	6.23%	7.27%	5.07%	7.59%	8.08%	8.10%	4.89%	6.60%	6.50%	6.25%
Debt-free Net Working Capital to Revenue	6.77%	6.94%	24.14%	14.34%	12.09%	8.48%	8.58%	5.14%	7.35%	6.72%	6.51%
Net Working Capital to Revenue	-3.92%	-12.03%	-9.42%	-16.06%	-10.02%	-18.39%	-4.52%	-2.43%	-2.71%	-5.16%	-5.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.14	$1.41	$2.30	$1.56	$1.51	$2.03	$1.61	$0.97	$2.16	$1.36	$2.00
Adjusted Weighted Average Basic Shares Outstanding	207M	207M	207M	207M	206M	206M	206M	206M	206M	195M	193M
Adjusted Diluted Earnings per Share	$2.14	$1.41	$2.30	$1.55	$1.51	$2.02	$1.61	$0.97	$2.16	$1.36	$1.99
Adjusted Weighted Average Diluted Shares Outstanding	207M	207M	207M	207M	207M	206M	206M	206M	206M	196M	194M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.36	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	346.15M	345.87M	345.73M	345.65M	345.57M	345.09M	344.89M	344.81M	344.74M	344.32M	332.37M
Normalized Net Operating Profit after Tax (NOPAT)	436	530	362	452	484	594	493	341	585	416	538
Normalized NOPAT Margin	9.82%	15.41%	12.45%	15.71%	14.92%	17.49%	17.08%	12.72%	15.49%	9.28%	10.24%
Pre Tax Income Margin	9.62%	9.37%	12.25%	12.45%	10.31%	14.20%	12.26%	8.76%	13.10%	6.57%	7.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.62	2.16	2.22	2.38	2.45	3.26	2.70	2.16	3.50	2.45	3.24
NOPAT to Interest Expense	2.60	2.03	2.75	1.94	2.22	2.74	2.52	1.77	3.07	2.20	3.14
EBIT Less CapEx to Interest Expense	-0.88	-2.87	-2.25	-1.89	-2.37	-2.12	-1.99	-2.81	-1.33	-2.74	-1.82
NOPAT Less CapEx to Interest Expense	-0.89	-3.00	-1.72	-2.34	-2.60	-2.63	-2.16	-3.20	-1.76	-2.99	-1.93
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	53.71%	57.69%	51.99%	56.35%	60.63%	53.83%	59.69%	55.93%	62.52%	63.25%	61.09%
Augmented Payout Ratio	53.71%	57.69%	51.99%	56.35%	60.63%	53.83%	59.69%	55.93%	62.52%	68.33%	65.98%

Frequently Asked Questions About DTE Energy's Financials

When does DTE Energy's financial year end?

According to the most recent income statement we have on file, DTE Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has DTE Energy's net income changed over the last 9 years?

DTE Energy's net income appears to be on an upward trend, with a most recent value of $1.40 billion in 2024, rising from $720 million in 2015. The previous period was $1.40 billion in 2023. See where experts think DTE Energy is headed by visiting DTE Energy's forecast page.

What is DTE Energy's operating income?

DTE Energy's total operating income in 2024 was $2.09 billion, based on the following breakdown:

Total Gross Profit: $6.60 billion
Total Operating Expenses: $4.51 billion

How has DTE Energy revenue changed over the last 9 years?

Over the last 9 years, DTE Energy's total revenue changed from $10.34 billion in 2015 to $12.46 billion in 2024, a change of 20.5%.

How much debt does DTE Energy have?

DTE Energy's total liabilities were at $37.14 billion at the end of 2024, a 10.2% increase from 2023, and a 87.0% increase since 2015.

How much cash does DTE Energy have?

In the past 9 years, DTE Energy's cash and equivalents has ranged from $24 million in 2024 to $472 million in 2020, and is currently $24 million as of their latest financial filing in 2024.

How has DTE Energy's book value per share changed over the last 9 years?

Over the last 9 years, DTE Energy's book value per share changed from 27.58 in 2015 to 33.84 in 2024, a change of 22.7%.

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This page (NYSE:DTE) was last updated on 5/31/2025 by MarketBeat.com Staff

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DTE Energy (DTE) Financials

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DTE Energy (DTE) Financials

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