DTE Energy (DTE)
Utilities · $26.2B market cap · SEC CIK 0000936340
$125.41
▼-0.57% on the day
close of Sep 22, 2026
45
Mixed
fundamentals score out of 100
fundamentals score out of 100
Next reports on Oct 22, 2026, before the open, with analysts expecting $2.42 in earnings per share.
The case for DTE
- Pays a 3.6% dividend while you wait.
- Moves less than the market (beta 0.37).
The case against
- Revenue fell 15.5% year over year.
- Near the bottom of its 52-week range, 19% below the high. Falling prices usually have a reason; find it first.
- Earnings per share fell 8.9%.
- Current liabilities exceed current assets (ratio 0.80).
- Net margin of 7% is thinner than 93% of Utilities companies.
- Long-term debt of $11.0B against $208M of cash.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Utilities companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 72 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 26 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 32 |
| Momentumhow the price has behaved lately | 20 |
| Stabilityhow violently it moves, what it owes and what it pays you | 84 |
- Each factor except momentum is half fixed thresholds, half rank among the 31 Utilities companies.
Key numbers
| Price / earnings | 19.9× |
|---|---|
| Price / book | 2.61× |
| Price / sales | 2.5× |
| Revenue growth (YoY) | -15.5% |
| EPS growth (YoY) | -8.9% |
| Gross margin | — |
| Operating margin | 12% |
| Net margin | 7% |
| Return on equity | 11% |
| Debt / equity | 2.27× |
| Current ratio | 0.80 |
| Dividend yield | 3.62% |
| Beta | 0.37 |
| 52-week range | $125.76 – $155.75 |
| Position in that range | 0% of the way up |
| 3-month return | -14.5% |
| 1-year return | -7.0% |
Five years of financials, as filed
Pulled from DTE Energy's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating income | $2.4B | $2.1B | $2.2B | $1.7B | $1.5B |
| Net income | $1.5B | $1.4B | $1.4B | $1.1B | $907M |
| Operating cash flow | $3.4B | $3.6B | $3.2B | $2.0B | $3.1B |
| Total assets | $54.1B | $48.8B | $44.8B | $42.7B | $39.7B |
| Shareholder equity | $12.3B | $11.7B | $11.1B | $10.4B | $8.7B |
| Cash | $208M | $24.0M | $26.0M | $33.0M | $28.0M |
| Long-term debt | $25.3B | $22.1B | $19.7B | $18.1B | $17.5B |
| Operating margin | — | — | — | — | — |
| Net margin | — | — | — | — | — |
| Diluted shares | 207M | 207M | 206M | 196M | 194M |
Share count is up 6.7% over 4 years. Mild issuance.
Risk factors DTE lists in its 10-K
- Regulatory, Legislative, and Legal Risks
- The Registrants are subject to rate regulation
- Changes to Michigan's electric retail access program could negatively impact the Registrants' financial performance
- Environmental laws and liability may be costly
- The Clean Energy Standard, Renewable Portfolio Standard and energy waste reduction may affect the Registrants' business and federal and state fuel standards may affect DTE Energy's non-utility investments
- DTE Energy's ability to utilize tax credits may be limited
- Construction and capital improvements to the Registrants' power facilities and DTE Energy's distribution systems subject them to risk
- Operation of a nuclear facility subjects the Registrants to risk
- The supply and/or price of energy commodities and/or related services may impact the Registrants' financial results
- The supply and/or price of other industrial raw and finished inputs and/or related services may impact the Registrants' financial results
- Weather significantly affects operations
- Unplanned outages at our power plants and other generating assets may be costly
- A work interruption may adversely affect the Registrants
- DTE Energy may not achieve the carbon emissions goals of its electric and gas utilities