NYSE : DTE
DTE Energy Company — Financial statements
Utilities · Utilities - Regulated Electric · United States
Last price 135.49 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 28.19B
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Financial statements
DTE Energy Company (DTE) reported revenue of 16.46B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 16.46B | 15.81B | 12.46B | 12.74B | 19.23B | 14.96B |
| Fuel & Purchased Power | 9.15B | 8.64B | 5.86B | 6.26B | 13.16B | 9.21B |
| Operations & Maintenance | 2.48B | 2.38B | 2.26B | 2.16B | 2.40B | 2.42B |
| Depreciation & Amortization | 1.92B | 1.84B | 1.73B | 1.61B | 1.47B | 1.38B |
| Other Operating Expenses | 554.00M | 529.00M | 487.00M | 471.00M | 456.00M | 448.00M |
| Total Operating Expenses | 14.11B | 13.39B | 10.34B | 10.49B | 17.48B | 13.45B |
| Operating Income | 2.36B | 2.42B | 2.12B | 2.25B | 1.74B | 1.51B |
| Interest Expense | -1.14B | -1.06B | -951.00M | -791.00M | -675.00M | -630.00M |
| Interest Income | 138.00M | 120.00M | 153.00M | 74.00M | 49.00M | 22.00M |
| Net Interest Expense | -1.01B | -936.00M | -798.00M | -717.00M | -626.00M | -608.00M |
| Income (Loss) on Equity Investments | 43.00M | 47.00M | 15.00M | 3.00M | -14.00M | 38.00M |
| Allowance for Equity Funds for Construction | 129.00M | 105.00M | 86.00M | 42.00M | 29.00M | 27.00M |
| Other Non-Operating Income (Expenses) | -36.00M | -40.00M | -24.00M | 4.00M | -26.00M | 114.00M |
| EBT Excluding Unusual Items | 1.49B | 1.60B | 1.40B | 1.58B | 1.11B | 1.08B |
| Gain (Loss) on Sale of Assets | -54.00M | -49.00M | -28.00M | -16.00M | 5.00M | -33.00M |
| Other Unusual Items | -393.00M | |||||
| Pretax Income | 1.32B | 1.55B | 1.37B | 1.57B | 1.11B | 656.00M |
| Income Tax Expense | 6.00M | 88.00M | -34.00M | 169.00M | 29.00M | -130.00M |
| Earnings From Continuing Ops. | 1.32B | 1.46B | 1.40B | 1.40B | 1.08B | 786.00M |
| Earnings From Discontinued Ops. | 111.00M | |||||
| Net Income to Company | 1.32B | 1.46B | 1.40B | 1.40B | 1.08B | 897.00M |
| Minority Interest in Earnings | 10.00M | |||||
| Net Income | 1.32B | 1.46B | 1.40B | 1.40B | 1.08B | 907.00M |
| Preferred Dividends & Other Adjustments | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M | 2.00M |
| Net Income to Common | 1.31B | 1.46B | 1.40B | 1.39B | 1.08B | 905.00M |
| Shares Outstanding (Basic) | 207.50M | 207.00M | 207.00M | 206.00M | 195.00M | 193.00M |
| Shares Outstanding (Diluted) | 207.50M | 207.00M | 207.00M | 206.00M | 196.00M | 194.00M |
| EPS (Basic) | 6.33 | 7.05 | 6.77 | 6.77 | 5.54 | 4.69 |
| EPS (Diluted) | 6.32 | 7.03 | 6.77 | 6.76 | 5.52 | 4.67 |
| Free Cash Flow | -1.95B | -1.02B | -824.00M | -714.00M | -1.40B | -705.00M |
| Free Cash Flow Per Share | -9.38 | -4.93 | -3.98 | -3.47 | -7.15 | -3.63 |
| Dividend Per Share | 4.58 | 4.43 | 4.15 | 3.88 | 3.61 | 3.88 |
| Profit Margin | 7.98% | 9.23% | 11.25% | 10.94% | 5.62% | 6.05% |
| Free Cash Flow Margin | -11.82% | -6.45% | -6.62% | -5.60% | -7.29% | -4.71% |
| EBITDA | 3.62B | 3.62B | 3.32B | 3.38B | 2.80B | 2.54B |
| EBITDA Margin | 21.97% | 22.87% | 26.65% | 26.54% | 14.55% | 16.99% |
| D&A For EBITDA | 1.26B | 1.19B | 1.20B | 1.13B | 1.05B | 1.03B |
| EBIT | 2.36B | 2.42B | 2.12B | 2.25B | 1.74B | 1.51B |
| EBIT Margin | 14.33% | 15.32% | 17.01% | 17.65% | 9.07% | 10.10% |
| Effective Tax Rate | 0.45% | 5.68% | 10.79% | 2.61% | ||
| Revenue as Reported | 16.46B | 15.81B | 12.46B | 12.74B | 19.23B | 14.96B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 42.00M | 208.00M | 24.00M | 26.00M | 33.00M | 28.00M |
| Accounts Receivable | 1.68B | 2.03B | 1.69B | 1.63B | 2.04B | 1.70B |
| Other Receivables | 267.00M | 118.00M | 137.00M | 155.00M | 144.00M | 135.00M |
| Inventory | 1.35B | 1.38B | 1.25B | 1.05B | 942.00M | 858.00M |
| Restricted Cash | 42.00M | 42.00M | 64.00M | 25.00M | 10.00M | 7.00M |
| Other Current Assets | 664.00M | 574.00M | 447.00M | 647.00M | 1.01B | 594.00M |
| Total Current Assets | 4.05B | 4.35B | 3.61B | 3.54B | 4.18B | 3.32B |
| Property, Plant & Equipment | 35.76B | 33.92B | 31.08B | 28.30B | 28.86B | 27.04B |
| Regulatory Assets | 8.18B | 8.00B | 7.46B | 6.97B | 4.09B | 3.48B |
| Goodwill | 1.99B | 1.99B | 1.99B | 1.99B | 1.99B | 1.99B |
| Other Intangible Assets | 177.00M | 188.00M | 144.00M | 156.00M | 166.00M | 177.00M |
| Long-Term Investments | 318.00M | 316.00M | 304.00M | 334.00M | 330.00M | 381.00M |
| Long-Term Loans Receivable | 1.57B | 1.46B | 898.00M | 420.00M | 331.00M | 310.00M |
| Long-Term Deferred Charges | 134.00M | 91.00M | 71.00M | 47.00M | 17.00M | |
| Other Long-Term Assets | 4.19B | 3.71B | 3.27B | 2.97B | 2.69B | 3.00B |
| Total Assets | 56.23B | 54.07B | 48.85B | 44.76B | 42.68B | 39.72B |
| Accounts Payable | 1.70B | 1.75B | 1.39B | 1.36B | 1.60B | 1.41B |
| Accrued Expenses | 300.00M | 273.00M | 224.00M | 170.00M | 154.00M | 140.00M |
| Short-Term Debt | 882.00M | 1.07B | 1.28B | 1.16B | 758.00M | |
| Current Portion of Long-Term Debt | 1.69B | 1.35B | 1.29B | 2.14B | 1.12B | 2.87B |
| Current Portion of Leases | 38.00M | 36.00M | 26.00M | 20.00M | 21.00M | 22.00M |
| Other Current Liabilities | 1.33B | 1.11B | 1.11B | 910.00M | 1.12B | 1.15B |
| Total Current Liabilities | 5.05B | 5.41B | 5.11B | 5.88B | 5.17B | 6.35B |
| Long-Term Debt | 25.88B | 23.77B | 20.67B | 17.41B | 16.86B | 14.51B |
| Long-Term Leases | 233.00M | 249.00M | 185.00M | 121.00M | 79.00M | 93.00M |
| Pension & Post-Retirement Benefits | 459.00M | 482.00M | 447.00M | 651.00M | 665.00M | 697.00M |
| Long-Term Deferred Tax Liabilities | 3.87B | 3.80B | 3.23B | 2.83B | 2.58B | 2.32B |
| Other Long-Term Liabilities | 8.59B | 8.04B | 7.50B | 6.81B | 6.93B | 7.04B |
| Total Liabilities | 44.08B | 41.76B | 37.14B | 33.70B | 32.28B | 31.01B |
| Common Stock | 6.90B | 6.86B | 6.78B | 6.71B | 6.65B | 5.38B |
| Retained Earnings | 5.28B | 5.48B | 4.95B | 4.40B | 3.81B | 3.44B |
| Comprehensive Income & Other | -32.00M | -39.00M | -26.00M | -67.00M | -62.00M | -112.00M |
| Total Common Equity | 12.15B | 12.30B | 11.70B | 11.05B | 10.40B | 8.71B |
| Minority Interest | 5.00M | 5.00M | 5.00M | 5.00M | 4.00M | 8.00M |
| Shareholders' Equity | 12.15B | 12.31B | 11.70B | 11.05B | 10.40B | 8.71B |
| Total Liabilities & Equity | 56.23B | 54.07B | 48.85B | 44.76B | 42.68B | 39.72B |
| Total Debt | 27.84B | 26.29B | 23.24B | 20.97B | 19.24B | 18.25B |
| Net Cash (Debt) | -27.80B | -26.08B | -23.22B | -20.94B | -19.21B | -18.22B |
| Net Cash Per Share | -133.97 | -126.00 | -112.16 | -101.67 | -97.99 | -93.93 |
| Filing Date Shares Outstanding | 208.09M | 207.80M | 207.24M | 206.45M | 205.69M | 193.75M |
| Total Common Shares Outstanding | 208.09M | 207.75M | 207.17M | 206.36M | 205.63M | 193.75M |
| Working Capital | -999.00M | -1.06B | -1.50B | -2.34B | -993.00M | -3.03B |
| Book Value Per Share | 58.38 | 59.22 | 56.47 | 53.55 | 50.56 | 44.93 |
| Tangible Book Value | 9.98B | 10.12B | 9.56B | 8.90B | 8.24B | 6.54B |
| Tangible Book Value Per Share | 47.96 | 48.72 | 46.15 | 43.13 | 40.06 | 33.73 |
| Machinery | 41.90B | 38.35B | 34.91B | 34.45B | 32.28B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.32B | 1.46B | 1.40B | 1.40B | 1.08B | 907.00M |
| Depreciation & Amortization | 1.26B | 1.19B | 1.20B | 1.13B | 1.05B | 1.03B |
| Other Amortization | 714.00M | 714.00M | 586.00M | 533.00M | 456.00M | 404.00M |
| Loss (Gain) on Sale of Assets | 54.00M | 49.00M | 28.00M | 16.00M | -5.00M | 50.00M |
| Loss (Gain) on Equity Investments | -43.00M | -47.00M | -15.00M | -3.00M | 14.00M | -97.00M |
| Change in Accounts Receivable | -193.00M | -316.00M | -40.00M | 398.00M | -352.00M | -146.00M |
| Change in Inventory | 21.00M | -127.00M | -191.00M | -110.00M | -98.00M | -153.00M |
| Change in Accounts Payable | 64.00M | 255.00M | 45.00M | -306.00M | 109.00M | 308.00M |
| Change in Other Net Operating Assets | 9.00M | -31.00M | 514.00M | 21.00M | -303.00M | 272.00M |
| Other Operating Activities | 158.00M | 256.00M | 111.00M | 142.00M | 19.00M | 409.00M |
| Net Cash from Discontinued Operations | 82.00M | |||||
| Operating Cash Flow | 3.36B | 3.41B | 3.64B | 3.22B | 1.98B | 3.07B |
| Capital Expenditures | -5.31B | -4.43B | -4.47B | -3.93B | -3.38B | -3.77B |
| Sale of Property, Plant & Equipment | 27.00M | 32.00M | 46.00M | 3.00M | 24.00M | 3.00M |
| Cash Acquisitions | -210.00M | -210.00M | ||||
| Investment in Securities | 15.00M | 17.00M | 3.00M | -2.00M | 3.00M | 10.00M |
| Contributions to Nuclear Demissioning Trust | -823.00M | -719.00M | -559.00M | -678.00M | -878.00M | -1.05B |
| Other Investing Activities | 101.00M | 5.00M | 26.00M | 516.00M | 798.00M | 942.00M |
| Investing Cash Flow | -6.20B | -5.30B | -4.95B | -4.09B | -3.43B | -3.86B |
| Short-Term Debt Issued | 121.00M | 404.00M | 720.00M | |||
| Long-Term Debt Issued | 4.43B | 4.53B | 3.17B | 2.17B | 4.46B | |
| Total Debt Issued | 4.62B | 4.43B | 4.53B | 3.29B | 2.58B | 5.18B |
| Short-Term Debt Repaid | -185.00M | -216.00M | ||||
| Long-Term Debt Repaid | -1.29B | -2.14B | -1.62B | -1.59B | -3.52B | |
| Total Debt Repaid | -840.00M | -1.48B | -2.35B | -1.62B | -1.59B | -3.52B |
| Net Debt Issued (Repaid) | 3.78B | 2.95B | 2.18B | 1.67B | 988.00M | 1.66B |
| Issuance of Common Stock | 1.30B | |||||
| Repurchase of Common Stock | -55.00M | -66.00M | ||||
| Common Dividends Paid | -903.00M | -871.00M | -810.00M | -752.00M | -685.00M | -791.00M |
| Other Financing Activities | -37.00M | -25.00M | -23.00M | -37.00M | -86.00M | -483.00M |
| Financing Cash Flow | 2.84B | 2.06B | 1.34B | 883.00M | 1.46B | 315.00M |
| Net Cash Flow | 162.00M | 37.00M | 8.00M | 8.00M | -481.00M | |
| Free Cash Flow | -1.95B | -1.02B | -824.00M | -714.00M | -1.40B | -705.00M |
| Free Cash Flow Margin | -11.82% | -6.45% | -6.62% | -5.60% | -7.29% | -4.71% |
| Free Cash Flow Per Share | -9.38 | -4.93 | -3.98 | -3.47 | -7.15 | -3.63 |
| Levered Free Cash Flow | -2.60B | -1.75B | -1.69B | -1.11B | -1.82B | -1.45B |
| Unlevered Free Cash Flow | -1.88B | -1.09B | -1.09B | -613.75M | -1.40B | -1.05B |
| Cash Interest Paid | 978.00M | 978.00M | 869.00M | 751.00M | 638.00M | 671.00M |
| Cash Income Tax Paid | -267.00M | -230.00M | -5.00M | -3.00M | -3.00M | |
| Change in Working Capital | -99.00M | -219.00M | 328.00M | 3.00M | -644.00M | 281.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 28.19B | 26.79B | 25.01B | 22.74B | 22.77B | 23.16B |
| Enterprise Value | 55.99B | 52.05B | 47.78B | 43.19B | 42.69B | 40.82B |
| PE Ratio | 21.45 | 18.36 | 17.85 | 16.31 | 21.08 | 25.59 |
| PS Ratio | 1.71 | 1.69 | 2.01 | 1.78 | 1.18 | 1.55 |
| PB Ratio | 2.32 | 2.18 | 2.14 | 2.06 | 2.19 | 2.66 |
| P/OCF Ratio | 8.39 | 7.86 | 6.87 | 7.06 | 11.52 | 7.55 |
| EV/Sales Ratio | 3.40 | 3.29 | 3.83 | 3.39 | 2.22 | 2.73 |
| EV/EBITDA Ratio | 15.48 | 14.39 | 14.39 | 12.77 | 15.26 | 16.06 |
| EV/EBIT Ratio | 23.74 | 21.48 | 22.55 | 19.20 | 24.48 | 27.01 |
| Debt / Equity Ratio | 2.29 | 2.14 | 1.99 | 1.90 | 1.85 | 2.10 |
| Debt / EBITDA Ratio | 7.58 | 7.15 | 6.87 | 6.12 | 6.77 | 7.06 |
| Net Debt / Equity Ratio | 2.29 | 2.12 | 1.98 | 1.90 | 1.85 | 2.09 |
| Net Debt / EBITDA Ratio | 7.68 | 7.21 | 6.99 | 6.19 | 6.87 | 7.17 |
| Net Debt / FCF Ratio | -14.28 | -25.57 | -28.18 | -29.33 | -13.71 | -25.85 |
| Quick Ratio | 0.40 | 0.44 | 0.36 | 0.31 | 0.43 | 0.29 |
| Current Ratio | 0.80 | 0.80 | 0.71 | 0.60 | 0.81 | 0.52 |
| Asset Turnover | 0.31 | 0.31 | 0.27 | 0.29 | 0.47 | 0.35 |
| Return on Equity (ROE) | 11.03% | 12.18% | 12.34% | 13.02% | 11.33% | 7.38% |
| Return on Assets (ROA) | 2.77% | 2.94% | 2.83% | 3.22% | 2.65% | 2.22% |
| Return on Capital Employed (ROCE) | 4.60% | 5.00% | 4.80% | 5.80% | 4.60% | 4.50% |
| Earnings Yield | 4.66% | 5.46% | 5.61% | 6.14% | 4.76% | 3.92% |
| FCF Yield | -6.91% | -3.81% | -3.29% | -3.14% | -6.15% | -3.04% |
| Dividend Yield | 3.44% | 3.44% | 3.44% | 3.52% | 3.26% | 3.25% |
| Payout Ratio | 73.77% | 59.58% | 57.69% | 53.83% | 63.25% | 87.21% |
| Buyback Yield / Dilution | -0.48% | -5.10% | -1.03% | -0.52% | ||
| Total Shareholder Return | 3.44% | 3.44% | 2.95% | -1.58% | 2.23% | 2.73% |