Dte Energy CoDte Energy Co
Dte Energy Co

Dte Energy Co

DTE
Utilities·Electric Utilities

DTE Energy Co. operates as a diversified energy company, which engages in the development and management of energy-related businesses and services. It operates through the following segments: Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. The Electric segment consists of generation, purchase, distribution, and sale of electricity to residential, commercial, and industrial customers in southeastern Michigan. The Gas segment is involved in the purchase, storage, transportation, distribution, and sale of natural gas to residential, commercial, and industrial customers throughout Michigan, and the sale of storage and transportation capacity. The DTE Vantage segment focuses on projects that deliver energy and utility-type products and services to industrial, commercial, and institutional customers, produce reduced emissions fuel, and sell electricity and pipeline-quality gas from renewable energy projects. The Energy Trading segment covers energy marketing and trading operations. The Corporate and Other segment includes various holding company activities, holds certain non-utility debt, and holds certain investments, as well as funds supporting regional development and economic growth. The company was founded in January 1995 and is headquartered in Detroit, MI.

Market cap
No dataNo data
Revenue
$61M+1.7% YoY
Net income
$1.5B+4.1% YoY
Free cash flow
$3.4B−6.4% YoY

Market

Listed stock
DTEPriceNYSE
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Financial performance

Revenue
$61M+1.7% YoY
Operating income
$2.4B+13.5% YoY
Net income
$1.5B+4.1% YoY
Free cash flow
$3.4B−6.4% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $215M, 2022 $106M, 2023 $86M, 2024 $60M, 2025 $61M. Operating income: 2021 $1.5B, 2022 $1.7B, 2023 $2.2B, 2024 $2.1B, 2025 $2.4B. Net income: 2021 $907M, 2022 $1.1B, 2023 $1.4B, 2024 $1.4B, 2025 $1.5B. Free cash flow: 2021 $3.1B, 2022 $2B, 2023 $3.2B, 2024 $3.6B, 2025 $3.4B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
1.7%+3190 bps YoY
Gross margin
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Operating margin
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FCF margin
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Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $1.5B, 2022-12-31 $1.7B, 2023-12-31 $2.2B, 2024-12-31 $2.1B, 2025-12-31 $2.4B. Net income: 2021-12-31 $907M, 2022-12-31 $1.1B, 2023-12-31 $1.4B, 2024-12-31 $1.4B, 2025-12-31 $1.5B. Free cash flow: 2021-12-31 $3.1B, 2022-12-31 $2B, 2023-12-31 $3.2B, 2024-12-31 $3.6B, 2025-12-31 $3.4B

Growth heatmap

2022202320242025CAGR
Revenue
-50.7%
-18.9%
-30.2%
+1.7%
-27.0%
Gross profit
-34.2%
-18.9%
-30.2%
+1.7%
-21.5%
Operating income
+16.9%
+28.3%
-6.8%
+13.5%
+12.3%
Free cash flow
-35.5%
+62.9%
+13.1%
-6.4%
+2.7%

Earnings quality

Operating cash flow
$3.4B−6.4% YoY
Net income
$1.5B+4.1% YoY
Free cash flow
$3.4B−6.4% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 233%, 2024-12-31 259%, 2023-12-31 230%, 2022-12-31 183%, 2021-12-31 338%. Free cash flow: 2025-12-31 233%, 2024-12-31 259%, 2023-12-31 230%, 2022-12-31 183%, 2021-12-31 338%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
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FCF / share
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
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Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
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Return on capital

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Valuation

Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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