Saturday 17 October 2026 Export DTE’s income statement to Excel — free account

DTE Energy Company

DTE Utilities Utilities Regulated Electric

DTE Energy Company’s revenue for fiscal 2025 (year ended December 2025) was $15.8 billion, up 26.9% from fiscal 2024. In the quarter to June 2026, revenue fell 1.46%, EPS grew 22.7%, free cash flow fell 179.8% and total debt rose 16.0%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.

129.73 1.40 +1.09%

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Market cap: $26.7B
P/E: 20.5×
Fwd P/E: 19.4×
Dividend yield: 3.59%
F-score: 6/9
Altman Z: 0.94
Beneish M: −2.36
Dividend safety: 39/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 0.82

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	1	—	—	—	1	—

Insider Ownership 0.39%

Capital & Financial Ratios $m

Market Cap 26,700.00

Revenue 16,465.00

Net Income 1,317.00

Free Cash Flow (1,920.00)

Net Debt 27,500.00

Current Ratio 0.80

Debt/Equity 2.27

P/E ratio 20.46

Fwd P/E 19.40

P/S ratio 1.64

P/B ratio 2.22

Past 5Y EPS Growth (0.14%)

This Y EPS Growth 4.77%

Next Y EPS Growth 8.22%

Next Y revenue growth 1.61%

Next 5Y EPS Growth 6.97%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 82.34%

10-year low 10-year high

P/S against its own 10 years 59.27%

10-year low 10-year high

P/B against its own 10 years 71.43%

10-year low 10-year high

EV/Sales against its own 10 years 65.46%

10-year low 10-year high

Dividends

Payout Ratio 0.74

Annual Dividend Rate 4.66

Annual Dividend Yield 3.59%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	4.71	1.17 1.17 1.17
2025	4.44	1.09 1.09 1.09 1.17
2024	4.15	1.02 1.02 1.02 1.09
2023	3.88	0.95 0.95 0.95 1.02
2022	3.61	0.89 0.89 0.89 0.95
2021	4.64	0.92 0.92 1.09 0.83 0.89
2020	3.51	0.86 0.86 0.86 0.92
2019	3.27	0.80 0.80 0.80 0.86
2018	3.94	0.88 0.75 0.75 0.75 0.80
2017	3.68	0.70 0.70 0.83 0.70 0.75
2016	2.60	0.62 0.62 0.66 0.70

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	51	88	250	84
Receivables	1,787	1,827	2,149	1,950
Inventory	1,054	1,245	1,375	1,352
Other	647	447	574	664
	3,539	3,607	4,348	4,050

	2023	2024	2025	Q'26
Payables	1,361	1,387	1,753	1,697
ST’ Debt	3,425	2,363	2,238	1,689
Other	700	885	871	844
	5,883	5,106	5,409	5,049

Compound Annual Growth %

	10y	5y	3y
Sales	4.34%	6.72%	(6.31%)
Cash Flow	5.93%	(1.61%)	19.91%
Earnings	7.24%	1.34%	10.52%
Book Value	3.42%	(0.45%)	5.77%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5,141	3,369	—	—	—
’25	4,440	3,419	3,527	4,428	15,814
’24	3,240	2,875	2,906	3,436	12,457
’23	3,779	2,684	2,888	3,394	12,745
’22	4,577	4,924	5,251	4,476	19,228
’21	3,581	3,021	3,715	4,647	14,964
’20	3,022	2,583	3,080	2,738	11,423

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	906	773	—	—	—
’25	1,020	709	632	1,048	3,409
’24	1,042	759	758	1,084	3,643
’23	924	835	616	845	3,220
’22	808	328	276	565	1,977
’21	1,057	859	456	695	3,067
’20	1,061	620	1,100	916	3,697

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(323)	(719)	—	—	—
’25	147	(257)	(590)	(288)	(988)
’24	(9)	(237)	(369)	(163)	(778)
’23	(13)	(104)	(321)	(273)	(711)
’22	44	(439)	(590)	(392)	(1,377)
’21	389	(345)	(370)	(376)	(702)
’20	(123)	(215)	238	(47)	(147)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.19	1.35	—	—	—
’25	2.14	1.10	2.01	1.77	7.03
’24	1.51	1.55	2.30	1.41	6.77
’23	2.16	0.97	1.61	2.02	6.76
’22	2.03	0.19	1.99	1.31	5.52
’21	2.05	0.92	0.13	1.57	4.67
’20	1.76	1.44	2.46	1.42	7.08

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	66.39	82.18	80.21	91.34	60.60	98.45	100.64	90.14	102.17	116.30	Analyst estimates 2026–2028 Powerpack
	High	85.49	99.35	102.98	114.36	115.46	123.77	140.23	121.32	131.67	143.79
People
People	Employees	10,000	10,200	10,600	10,700	10,600	10,300	10,250	9,950	9,500	9,650
	Revenue/emp, $m	1.06	1.24	1.34	1.14	1.08	1.45	1.88	1.28	1.31	1.64
Income, $m
Income, $m	Revenue	10,630	12,607	14,212	12,168	11,423	14,964	19,228	12,745	12,457	15,814
	Gross margin, %	47.98	43.17	39.41	43.84	48.88	38.47	31.56	50.90	52.98	45.37
	EBT	1,105	1,287	1,216	1,013	1,082	656	1,112	1,566	1,370	1,550
	EBT margin, %	10.40	10.21	8.56	8.33	9.47	4.38	5.78	12.29	11.00	9.80
	Net income	834	1,112	1,118	1,172	1,371	903	1,083	1,397	1,404	1,462
	Depreciation	1,034	1,083	1,169	1,323	1,480	1,517	1,510	1,665	1,787	1,908
Per share, $
Per share, $	Revenue	59.39	70.43	78.52	65.77	59.19	77.53	98.61	61.87	60.18	76.40
	Earnings	4.84	6.32	6.18	6.31	7.08	4.68	5.53	6.76	6.77	7.04
	Cash flow	11.64	11.83	14.81	14.32	19.16	15.89	10.14	15.63	17.60	16.47
	Capex	(11.42)	(12.57)	(14.99)	(16.20)	(19.92)	(19.53)	(17.20)	(19.08)	(21.36)	(21.24)
	Free cash flow	0.22	(0.74)	(0.18)	(1.88)	(0.76)	(3.64)	(7.06)	(3.45)	(3.76)	(4.77)
	Book value	53.07	55.81	59.21	63.98	65.23	45.15	53.34	53.67	56.54	59.46
	Shares, m	179	179	181	185	193	193	195	206	207	207
Valuation, ×
Valuation, ×	P/E	17.30	14.58	15.16	17.49	14.57	25.54	21.35	16.53	17.81	18.32
	P/S	1.41	1.31	1.20	1.68	1.75	1.54	1.20	1.81	2.01	1.69
	P/B	1.58	1.65	1.59	1.73	1.58	2.65	2.21	2.08	2.14	2.17
	EV/Sales	2.51	2.33	2.19	3.11	3.41	2.75	2.19	3.44	3.85	3.32
	EV/FCF	682.82	(220.66)	(944.14)	(108.64)	(265.15)	(58.69)	(30.57)	(61.63)	(61.65)	(53.11)
Cash, $m
Cash, $m	Operating cash flow	2,084	2,117	2,680	2,649	3,697	3,067	1,977	3,220	3,643	3,409
	Capex	(2,045)	(2,250)	(2,713)	(2,997)	(3,844)	(3,769)	(3,354)	(3,931)	(4,421)	(4,397)
	Free cash flow	39	(133)	(33)	(348)	(147)	(702)	(1,377)	(711)	(778)	(988)
Balance, $m
Balance, $m	Working capital	325	269	(1,178)	(911)	807	(3,029)	(993)	(2,344)	(1,499)	(1,061)
	Total debt	11,782	12,915	14,242	17,450	19,508	18,163	19,159	20,845	23,053	26,023
	Net debt	11,669	12,826	14,166	17,357	19,034	18,128	19,116	20,794	22,965	25,773
	Shareholders’ equity	9,499	9,990	10,717	11,836	12,589	8,713	10,401	11,055	11,704	12,308
Returns, %
Returns, %	ROA	2.86	3.45	3.20	2.98	3.12	2.13	2.63	3.20	3.00	2.84
	ROIC	4.39	4.69	4.00	3.06	3.07	3.48	3.70	4.40	3.77	3.90
	ROE	9.49	11.64	10.82	10.37	11.20	8.52	11.33	13.02	12.34	12.18

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AEE Ameren Corporation	$28.7B	18.5×	20.3×	−5.81% (below 0%: shrinking)	+11.76% (above 0%: growing)	−51.22% (below 0%: shrinking)	73.90%	21.94%	Compare
PCG Pacific Gas & Electric Co.	$28.5B	9.5×	11.2×	+0.07% (above 0%: growing)	+37.50% (above 0%: growing)	−2.64% (below 0%: shrinking)	84.50%	21.40%	Compare
FTS Fortis	$27.9B	22.6×	21.5×	+4.02% (above 0%: growing)	+1.82% (above 0%: growing)	+29.48% (above 0%: growing)	45.92%	27.43%	Compare
DTE DTE Energy Company	$26.7B	20.5×	19.4×	−1.46% (below 0%: shrinking)	+22.73% (above 0%: growing)	−179.77% (below 0%: shrinking)	51.91%	13.59%
FE FirstEnergy Corporation	$26.4B	24.6×	16.8×	+8.82% (above 0%: growing)	+8.70% (above 0%: growing)	−143.84% (below 0%: shrinking)	64.30%	18.41%	Compare
CNP CenterPoint Energy, Inc.	$26.2B	23.9×	22.8×	+10.70% (above 0%: growing)	+23.33% (above 0%: growing)	−4.04% (below 0%: shrinking)	86.94%	24.81%	Compare
PPL PPL Corporation	$26.0B	20.7×	18.6×	+4.25% (above 0%: growing)	+24.00% (above 0%: growing)	−112.80% (below 0%: shrinking)	71.67%	22.50%	Compare
ES Eversource Energy	$24.9B	17.3×	15.4×	+2.29% (above 0%: growing)	−85.42% (below 0%: shrinking)	+398.93% (above 0%: growing)	67.64%	18.63%	Compare
EIX Edison International	$21.4B	5.7×	12.2×	−4.09% (below 0%: shrinking)	+56.18% (above 0%: growing)	+30.60% (above 0%: growing)	73.90%	25.06%	Compare
Median of peers	$26.3B	19.6×	17.7×	+3.16%	+17.55%	−3.34%	72.79%	22.22%

All 40 Utilities Regulated Electric stocks →

DTE Energy Company (DTE) key facts

Strength: DTE Energy Company’s revenue for fiscal 2025 (year ended December 2025) was $15.8 billion, up 26.9% from fiscal 2024.
Strength: Net income was $1.5 billion, or $7.04 per share (basic), a net margin of 9.24%.
DTE Energy Company (DTE) is an Utilities Regulated Electric company in the Utilities sector, listed on the New York Stock Exchange.
As of October 16, 2026, DTE traded at $129.73, a market capitalization of $26.7 billion.
At that price the stock trades at 20.5× trailing-twelve-month earnings and 1.6× sales; its P/E is higher than 82% of its own readings over the past ten years.
DTE Energy Company pays an annual dividend of $4.66 per share, a yield of 3.59%, with a payout ratio of 73.7%.
Return on equity was 12.2% and debt-to-equity 2.27.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.94 (distress zone) for fiscal 2025.