FirmAtlas
Company handbook · DTE · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
DTE · CIK 936340 · LATEST FILING: 10-Q JUN '26 · FILED JUL 28, 2026
DTE Energy Co
$129.73
+1.40 (+1.09%)
Close, Oct 16, 2026 · 52-week $120–156
Last fiscal year
DTE Energy Co reported revenue of $15.8B for the year ended Dec 31, 2025 (FY25), up 26.9% from FY24. Net income was $1.5B and operating cash flow $3.4B. Source: 10-K filed Feb 17, 2026.
Market cap
$27.0B
P/E
21.3
EV/EBITDA
12.0x
P/B
2.2
Div yield
3.59%
ROIC
6.6%
Revenue 1Y
26.9%/yr
EPS 1Y
3.8%/yr
Shares 1Y
+0.3%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJoi Harris
HQDetroit, MI
AuditorPricewaterhouseCoopers LLP
Employees9,650
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
3.5%
2.4%
9.6%
−8.3%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.9B deployed
Acquisitions
$210M
11.1%
Dividends
$1.7B
88.9%
Operating cash flow over the period: $7.1B. Total debt changed by +$3.1B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Mar '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
12,457
15,814+26.9%
16,515
YoY
+26.9%
Operating income
2,091
2,374+13.5%
2,162
Operating margin
16.8%
15.0%−1.8 pp
—
EBITDA
3,823
4,215+10.3%
—
EBITDA margin
30.7%
26.7%−4.0 pp
—
Interest expense
951
1,056+11.0%
—
Interest coverage
4.02x
3.99x−0.03x
—
Net income
1,404
1,462+4.1%
1,264
YoY
+4.1%
Net margin
11.3%
9.2%−2.0 pp
—
EPS (diluted, $)
6.77
7.03+3.8%
6.08
YoY
+3.8%
Balance sheet
Total assets
48,846
54,066+10.7%
55,108
Cash & short-term investments
88
250+184.1%
—
Accounts receivable
1,690
2,031+20.2%
—
Net PP&E
30,893
33,653+8.9%
—
Other assets
16,175
18,132+12.1%
—
Total liabilities
37,147
41,763+12.4%
42,785
Accounts payable
1,387
1,753+26.4%
—
Total debt
20,690
23,785+15.0%
25,204
Other liabilities
15,070
16,225+7.7%
—
Shareholders’ equity
11,699
12,303+5.2%
12,323
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
3,643
3,409−6.4%
3,295
Net income
1,404
1,462+4.1%
—
Depreciation & amortization
1,732
1,841+6.3%
—
Working capital & other
507
106−79.1%
—
Cash from investing
(4,951)
(5,304)n/m
—
Acquisitions
0
(210)n/m
—
Investments bought
(1,050)
0n/m
—
Investments sold / matured
1,050
0−100.0%
—
Other investing
(4,951)
(5,094)n/m
—
Cash from financing
1,345
2,057+52.9%
—
Debt raised
4,533
4,429−2.3%
—
Debt repaid
(2,139)
(1,291)n/m
—
Dividends
(810)
(871)n/m
—
Buybacks
0
—
—
Shares issued
0
—
—
Other financing
(239)
(210)n/m
—
Net change in cash
37
162+337.8%
—
Where the cash went
Returns & ratios
ROIC (all capital)
6.5%
6.6%+0.1 pp
—
ROIC (operating)
6.7%
6.9%+0.2 pp
—
Net debt / EBITDA
5.39x
5.58x+0.19x
—
Debt / equity
1.77x
1.93x+0.16x
—
ROE
12.0%
11.9%−0.1 pp
—
ROA
2.9%
2.7%−0.2 pp
—
ROCE
4.8%
4.9%+0.1 pp
—
NOPAT
2,091
2,239+7.1%
—
Invested capital (operating)
31,196
33,931+8.8%
—
Invested capital (all)
32,301
35,838+11.0%
—
Reinvestment rate
—
122.1%
—
Net debt is 5.6x EBITDA (FY25).
Income
Jun '25
Sep '25
Dec '25
Mar '26
Revenue
3,419
3,527
4,428
5,141
vs year-ago quarter
Operating income
427
619
704
412
Net income
229
419
369
247
vs year-ago quarter
Net margin
6.7%
11.9%
8.3%
4.8%
EPS (diluted, $)
1.10
2.01
1.78
1.19
vs year-ago quarter
Balance sheet
Jun '25
Sep '25
Dec '25
Mar '26
Total assets
50,248
52,028
54,066
55,108
Cash & equivalents
84
79
250
278
Total debt
22,936
24,496
23,785
25,204
Shareholders’ equity
11,722
12,158
12,303
12,323
Cash flow
Jun '25
Sep '25
Dec '25
Mar '26
Operating cash flow
709
632
1,048
906