DTE Energy (DTE) Financials

$137.02 +0.86 (+0.63%)

As of 03:59 PM Eastern

Annual Income Statements for DTE Energy

This table shows DTE Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	727	868	1,134	2,448	1,169	1,368	907	1,083	1,397	1,404
Consolidated Net Income / (Loss)	720	834	1,112	1,118	1,172	1,371	903	1,083	1,397	1,404
Net Income / (Loss) Continuing Operations	-854	-1,371	1,713	1,782	942	1,045	786	1,083	1,397	1,404
Total Pre-Tax Income	950	1,105	2,215	2,073	1,013	1,082	656	1,112	1,566	1,370
Total Operating Income	-335	-719	2,876	2,728	1,430	1,555	1,495	1,748	2,243	2,091
Total Gross Profit	987	1,384	7,663	14,507	10,370	3,279	5,756	6,068	6,487	6,600
Total Revenue	10,337	10,630	17,709	19,510	12,168	11,423	14,964	19,228	12,745	12,457
Operating Revenue	10,337	10,630	17,709	19,510	12,168	11,423	14,964	19,228	12,745	12,457
Total Cost of Revenue	9,350	9,246	10,046	5,003	1,798	8,144	9,208	13,160	6,258	5,857
Operating Cost of Revenue	9,350	9,246	10,046	5,003	1,798	8,144	9,208	13,160	6,258	5,857
Total Operating Expenses	1,322	2,103	4,787	11,779	8,940	1,724	4,261	4,320	4,244	4,509
Depreciation Expense	852	1,726	753	1,960	1,169	1,292	1,377	1,468	1,606	1,732
Other Operating Expenses / (Income)	364	370	693	712	406	395	2,851	2,857	2,622	2,749
Impairment Charge	106	7.00	41	26	14	37	33	-5.00	16	28
Total Other Income / (Expense), net	-289	-381	-661	-655	-417	-473	-839	-636	-677	-721
Interest Expense	450	472	810	842	568	607	1,023	675	791	951
Interest & Investment Income	13	20	12	12	9.00	29	22	46	57	136
Other Income / (Expense), net	148	71	137	175	142	105	162	-7.00	57	94
Income Tax Expense	230	271	502	291	71	37	-130	29	169	-34
Basic Earnings per Share	$4.05	$4.84	$6.32	$6.18	$6.32	$7.09	$4.68	$5.53	$6.77	$6.78
Weighted Average Basic Shares Outstanding	179M	179M	179M	181M	185M	193M	193M	195M	206M	207M
Diluted Earnings per Share	$4.05	$4.83	$6.32	$6.17	$6.31	$7.08	$4.67	$5.52	$6.76	$6.77
Weighted Average Diluted Shares Outstanding	179M	179M	179M	181M	185M	193M	194M	196M	206M	207M
Weighted Average Basic & Diluted Shares Outstanding	179M	179.30M	179.40M	181.20M	330.87M	332.14M	332.38M	344.32M	345.09M	345.87M
Cash Dividends to Common per Share	$2.84	$3.06	$3.36	$3.60	$3.85	$4.12	$3.88	$3.61	$3.88	$4.15

This table shows DTE Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	387	265	445	201	332	419	313	322	477	292
Consolidated Net Income / (Loss)	387	265	445	201	332	419	313	322	477	292
Net Income / (Loss) Continuing Operations	387	265	445	201	332	419	313	322	477	292
Total Pre-Tax Income	393	294	495	235	354	482	334	358	356	322
Total Operating Income	545	462	652	397	538	656	517	502	517	555
Total Gross Profit	1,634	1,541	1,758	1,414	1,589	1,726	1,651	1,595	1,621	1,733
Total Revenue	5,251	4,476	3,779	2,684	2,888	3,394	3,240	2,875	2,906	3,436
Operating Revenue	5,251	4,476	3,779	2,684	2,888	3,394	3,240	2,875	2,906	3,436
Total Cost of Revenue	3,617	2,935	2,021	1,270	1,299	1,668	1,589	1,280	1,285	1,703
Operating Cost of Revenue	3,617	2,935	2,021	1,270	1,299	1,668	1,589	1,280	1,285	1,703
Total Operating Expenses	1,089	1,079	1,106	1,017	1,051	1,070	1,134	1,093	1,104	1,178
Depreciation Expense	369	375	385	396	404	421	423	427	438	444
Other Operating Expenses / (Income)	719	1,304	722	619	659	622	712	666	666	705
Impairment Charge	1.00	-1.00	-1.00	2.00	-12	27	-1.00	0.00	0.00	29
Total Other Income / (Expense), net	-152	-168	-157	-162	-184	-174	-183	-144	-161	-233
Interest Expense	171	189	191	192	200	208	218	233	252	248
Interest & Investment Income	10	20	17	13	15	12	18	36	48	34
Other Income / (Expense), net	9.00	1.00	17	17	1.00	22	17	53	43	-19
Income Tax Expense	6.00	29	50	34	22	63	21	36	-121	30
Basic Earnings per Share	$2.00	$1.36	$2.16	$0.97	$1.61	$2.03	$1.51	$1.56	$2.30	$1.41
Weighted Average Basic Shares Outstanding	193M	195M	206M	206M	206M	206M	206M	207M	207M	207M
Diluted Earnings per Share	$1.99	$1.36	$2.16	$0.97	$1.61	$2.02	$1.51	$1.55	$2.30	$1.41
Weighted Average Diluted Shares Outstanding	194M	196M	206M	206M	206M	206M	207M	207M	207M	207M
Weighted Average Basic & Diluted Shares Outstanding	332.37M	344.32M	344.74M	344.81M	344.89M	345.09M	345.57M	345.65M	345.73M	345.87M

This table details how cash moves in and out of DTE Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-11	112	-2.00	-13	17	423	-481	8.00	8.00	37
Net Cash From Operating Activities	1,916	2,084	2,117	2,680	2,649	3,697	3,067	1,977	3,220	3,643
Net Cash From Continuing Operating Activities	1,916	2,084	2,139	2,680	2,649	3,697	3,067	1,977	3,220	3,643
Net Income / (Loss) Continuing Operations	720	834	1,134	1,118	1,172	1,371	903	1,083	1,397	1,404
Consolidated Net Income / (Loss)	720	834	1,134	1,118	1,172	1,371	903	1,083	1,397	1,404
Depreciation Expense	852	976	1,030	1,124	1,263	1,443	1,459	1,468	1,606	1,732
Amortization Expense	46	58	53	45	60	37	58	42	59	55
Non-Cash Adjustments To Reconcile Net Income	321	252	161	-102	15	-69	281	91	-88	-142
Changes in Operating Assets and Liabilities, net	-23	-36	-261	495	139	915	366	-707	246	594
Net Cash From Investing Activities	-2,204	-3,390	-2,562	-3,347	-5,732	-4,070	-3,863	-3,431	-4,095	-4,951
Net Cash From Continuing Investing Activities	-2,204	-3,390	-2,562	-3,347	-5,732	-4,070	-3,863	-3,431	-4,095	-4,951
Purchase of Property, Plant & Equipment	-2,020	-	-2,250	-	-2,997	-3,857	-3,772	-3,378	-3,934	-4,467
Acquisitions	-339	-1,386	-299	-637	-2,619	-163	-8.00	-13	-27	-27
Purchase of Investments	-898	-1,463	-1,226	-1,188	-794	-2,350	-1,046	-878	-678	-1,609
Sale of Property, Plant & Equipment	-	-	1.00	2.00	0.00	13	3.00	24	3.00	46
Sale and/or Maturity of Investments	904	1,468	1,250	1,212	798	2,374	1,065	895	706	1,635
Other Investing Activities, net	149	-2,009	-38	-2,736	-120	-87	-105	-81	-165	-529
Net Cash From Financing Activities	277	1,359	421	654	3,100	796	315	1,462	883	1,345
Net Cash From Continuing Financing Activities	277	1,418	421	654	3,100	796	315	1,462	883	1,345
Repayment of Debt	-193	-816	-466	-163	-900	-1,755	-3,247	-1,269	-1,532	-2,378
Repurchase of Common Equity	0.00	-33	-51	-	0.00	0.00	-66	-55	0.00	0.00
Payment of Dividends	-509	-536	-632	-668	-751	-799	-836	-685	-752	-810
Issuance of Debt	956	2,689	1,520	1,432	2,725	3,692	4,457	2,171	3,167	4,533
Issuance of Common Equity	23	114	50	53	2,326	38	44	1,300	0.00	0.00
Cash Interest Paid	428	448	495	572	595	679	671	638	751	869
Cash Income Taxes Paid	14	-1.00	4.00	-26	18	-360	-3.00	-3.00	-5.00	-230

This table details how cash moves in and out of DTE Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-31	-8.00	94	-96	25	-15	298	-262	936	-935
Net Cash From Operating Activities	276	565	924	835	616	845	1,042	759	758	1,084
Net Cash From Continuing Operating Activities	276	565	924	835	616	845	1,042	759	758	1,084
Net Income / (Loss) Continuing Operations	387	265	445	201	332	419	313	322	477	292
Consolidated Net Income / (Loss)	387	265	445	201	332	419	313	322	477	292
Depreciation Expense	369	375	385	396	404	421	423	427	438	444
Amortization Expense	15	16	16	15	12	16	12	9.00	17	17
Non-Cash Adjustments To Reconcile Net Income	-21	156	-35	-24	-27	-2.00	-31	-71	-46	6.00
Changes in Operating Assets and Liabilities, net	-474	-247	113	247	-105	-9.00	325	72	-128	325
Net Cash From Investing Activities	-885	-978	-981	-977	-983	-1,154	-1,616	-1,908	-1,189	-238
Net Cash From Continuing Investing Activities	-885	-978	-981	-977	-983	-1,154	-1,616	-1,908	-1,189	-238
Purchase of Property, Plant & Equipment	-866	-981	-937	-939	-937	-1,121	-1,051	-1,041	-1,128	-1,247
Acquisitions	-5.00	-1.00	-10	-12	-5.00	-	-3.00	-1.00	-	-23
Purchase of Investments	-194	-168	-168	-251	-105	-154	-310	-1,090	-90	-119
Sale and/or Maturity of Investments	195	177	170	265	108	163	111	255	92	1,177
Other Investing Activities, net	-15	-29	-50	-26	-44	-45	-363	-76	-64	-26
Net Cash From Financing Activities	578	405	151	46	392	294	872	887	1,367	-1,781
Net Cash From Continuing Financing Activities	578	405	151	46	392	294	872	887	1,367	-1,781
Repayment of Debt	98	-1,124	-1,047	-658	580	-407	-1,107	248	377	-1,896
Payment of Dividends	-172	-171	-188	-188	-188	-188	-202	-202	-203	-203
Issuance of Debt	652	400	1,386	892	-	889	2,181	841	1,193	318

This table presents DTE Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	28,662	32,041	33,767	36,288	42,268	45,496	39,719	42,683	44,755	48,846
Total Current Assets	2,575	2,762	3,081	3,260	3,086	3,498	3,317	4,180	3,539	3,607
Cash & Equivalents	37	92	66	71	93	472	28	33	26	24
Restricted Cash	23	21	23	5.00	0.00	-	7.00	10	25	64
Accounts Receivable	1,348	1,593	1,856	1,897	1,887	1,669	1,830	2,182	1,787	1,827
Inventories, net	803	772	779	811	759	373	858	942	1,054	1,245
Other Current Assets	364	284	357	476	347	314	594	1,013	647	447
Plant, Property, & Equipment, net	18,034	19,730	20,721	21,650	25,317	24,499	26,944	28,767	28,169	30,893
Plant, Property & Equipment, gross	28,121	30,029	31,424	31,810	35,072	34,016	37,083	39,346	37,274	40,840
Accumulated Depreciation	10,087	10,299	10,703	10,160	9,755	9,517	10,139	10,579	9,105	9,947
Total Noncurrent Assets	8,053	9,379	9,804	11,378	13,865	6,409	9,458	9,736	13,047	14,346
Long-Term Investments	700	953	1,305	1,990	2,127	196	381	330	334	304
Noncurrent Note & Lease Receivables	85	73	73	64	202	-	310	331	420	898
Goodwill	2,018	2,286	2,293	2,293	2,464	-	1,993	1,993	1,993	1,993
Intangible Assets	89	842	867	849	2,393	-	177	166	156	144
Other Noncurrent Operating Assets	5,161	5,225	5,266	6,182	6,679	6,213	6,597	6,916	10,144	11,007
Total Liabilities & Shareholders' Equity	28,662	32,041	33,767	36,288	42,268	45,496	39,719	42,683	44,755	48,846
Total Liabilities	19,867	22,193	23,454	25,571	30,432	10,415	31,006	32,282	33,700	37,142
Total Current Liabilities	2,528	2,437	2,812	4,438	3,997	2,691	6,346	5,173	5,883	5,106
Short-Term Debt	972	513	730	2,108	1,894	469	3,632	2,286	3,425	2,363
Accounts Payable	809	1,079	1,171	1,329	1,076	0.00	1,414	1,604	1,361	1,387
Dividends Payable	131	148	158	172	195	-	171	196	210	226
Other Current Liabilities	527	601	642	702	685	649	989	933	717	906
Other Current Nonoperating Liabilities	89	96	111	127	147	158	140	154	170	224
Total Noncurrent Liabilities	17,339	19,756	20,642	21,133	26,435	9,139	24,660	27,109	27,817	32,036
Long-Term Debt	8,745	11,262	12,184	12,127	15,924	0.00	14,512	16,862	17,407	20,672
Capital Lease Obligations	15	7.00	1.00	7.00	11	24	19	11	13	18
Asset Retirement Reserve & Litigation Obligation	2,940	2,946	5,415	5,596	6,185	6,475	6,589	6,415	6,479	7,240
Noncurrent Deferred & Payable Income Tax Liabilities	62	4,255	2,010	2,113	2,481	2,231	2,321	2,576	2,830	3,227
Noncurrent Employee Benefit Liabilities	1,361	1,188	985	837	1,193	-	697	665	651	447
Other Noncurrent Operating Liabilities	293	98	47	453	641	409	522	580	437	432
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,795	9,499	9,990	10,717	11,836	12,562	8,713	10,401	11,055	11,704
Total Preferred & Common Equity	8,772	9,011	9,512	10,237	11,672	12,425	8,705	10,397	11,050	11,699
Total Common Equity	8,772	9,011	9,512	10,237	11,672	12,562	8,705	10,397	11,050	11,699
Common Stock	4,123	4,030	3,989	4,245	5,233	5,406	5,379	6,651	6,713	6,779
Retained Earnings	4,794	5,114	5,643	6,112	6,587	7,156	3,438	3,808	4,404	4,946
Accumulated Other Comprehensive Income / (Loss)	-145	-133	-120	-120	-148	-	-112	-62	-67	-26
Noncontrolling Interest	23	488	478	480	164	-	8.00	4.00	5.00	5.00

This table presents DTE Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	41,954	42,683	42,518	42,921	43,730	44,755	45,902	47,811	49,806	48,846
Total Current Assets	4,310	4,180	3,537	3,203	3,420	3,539	3,752	4,516	5,617	3,607
Cash & Equivalents	26	33	115	30	36	26	292	20	969	24
Restricted Cash	25	10	22	11	30	25	57	67	54	64
Accounts Receivable	1,980	2,182	1,693	1,495	1,566	1,787	1,615	1,750	1,613	1,827
Inventories, net	1,048	942	806	938	1,110	1,054	1,049	1,164	1,391	1,245
Other Current Assets	1,231	1,013	901	729	498	647	539	453	519	447
Plant, Property, & Equipment, net	28,099	28,767	29,187	29,696	27,528	28,169	28,585	29,445	30,068	30,893
Plant, Property & Equipment, gross	38,550	39,346	39,901	40,576	36,397	37,274	37,928	38,985	39,916	40,840
Accumulated Depreciation	10,451	10,579	10,714	10,880	8,869	9,105	9,343	9,540	9,848	9,947
Total Noncurrent Assets	9,545	9,736	9,794	10,022	12,782	13,047	13,565	13,850	14,121	14,346
Long-Term Investments	326	330	329	336	337	334	320	291	311	304
Noncurrent Note & Lease Receivables	316	331	334	374	400	420	768	815	852	898
Goodwill	1,993	1,993	1,993	1,993	1,993	1,993	1,993	1,993	1,993	1,993
Intangible Assets	170	166	164	161	159	156	153	152	148	144
Other Noncurrent Operating Assets	6,740	6,916	6,974	7,158	9,893	10,144	10,331	10,599	10,817	11,007
Total Liabilities & Shareholders' Equity	41,954	42,683	42,518	42,921	43,730	44,755	45,902	47,811	49,806	48,846
Total Liabilities	32,776	32,282	31,872	32,436	32,876	33,700	34,724	36,699	38,208	37,142
Total Current Liabilities	5,466	5,173	4,036	3,596	4,045	5,883	4,975	6,507	6,787	5,106
Short-Term Debt	2,419	2,286	1,853	1,225	1,811	3,425	2,699	3,769	4,167	2,363
Accounts Payable	1,619	1,604	1,085	1,051	1,135	1,361	1,098	1,307	1,290	1,387
Dividends Payable	171	196	196	393	196	210	211	422	211	226
Other Current Liabilities	1,100	933	728	754	690	717	729	780	860	906
Other Current Nonoperating Liabilities	157	154	174	173	213	170	238	229	259	224
Total Noncurrent Liabilities	27,310	27,109	27,836	28,840	28,831	27,817	29,749	30,192	31,421	32,036
Long-Term Debt	17,237	16,862	17,652	18,529	18,533	17,407	19,229	19,256	20,440	20,672
Capital Lease Obligations	13	11	10	9.00	9.00	13	19	18	18	18
Asset Retirement Reserve & Litigation Obligation	6,428	6,415	6,476	6,516	6,485	6,479	6,563	6,851	6,918	7,240
Noncurrent Deferred & Payable Income Tax Liabilities	2,496	2,576	2,648	2,704	2,755	2,830	2,886	3,022	3,025	3,227
Noncurrent Employee Benefit Liabilities	618	665	625	624	607	651	622	604	587	447
Other Noncurrent Operating Liabilities	518	580	425	458	442	437	430	441	433	432
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,986	10,401	10,646	10,485	10,854	11,055	11,178	11,112	11,598	11,704
Total Preferred & Common Equity	8,980	10,397	10,642	10,481	10,850	11,050	11,173	11,106	11,592	11,699
Total Common Equity	8,980	10,397	10,642	10,481	10,850	11,050	11,173	11,106	11,592	11,699
Common Stock	5,337	6,651	6,652	6,676	6,697	6,713	6,710	6,732	6,754	6,779
Retained Earnings	3,741	3,808	4,055	3,862	4,197	4,404	4,505	4,404	4,880	4,946
Accumulated Other Comprehensive Income / (Loss)	-98	-62	-65	-57	-44	-67	-42	-30	-42	-26
Noncontrolling Interest	6.00	4.00	4.00	4.00	4.00	5.00	5.00	6.00	6.00	5.00

This table displays calculated financial ratios and metrics derived from DTE Energy's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-15.97%	2.83%	66.59%	10.17%	-37.63%	-6.12%	31.00%	28.50%	-33.72%	-2.26%
EBITDA Growth	-39.80%	-45.71%	961.14%	-0.59%	-28.90%	8.46%	1.08%	2.43%	21.96%	0.18%
EBIT Growth	-1,458.33%	-246.52%	564.97%	-3.65%	-45.85%	5.60%	-0.18%	5.07%	32.11%	-5.00%
NOPAT Growth	-206.33%	-113.74%	509.86%	5.43%	-43.29%	12.94%	19.27%	-4.96%	17.54%	7.09%
Net Income Growth	-20.97%	15.83%	33.33%	0.54%	4.83%	16.98%	-34.14%	19.93%	28.99%	0.50%
EPS Growth	-20.59%	19.26%	30.85%	-2.37%	4.83%	16.98%	-34.04%	18.20%	22.46%	0.15%
Operating Cash Flow Growth	3.85%	8.77%	1.58%	26.59%	-1.16%	39.56%	-17.04%	-35.54%	62.87%	13.14%
Free Cash Flow Firm Growth	-18.55%	-118.16%	128.81%	19.00%	-398.18%	283.29%	-128.00%	36.53%	66.43%	-117.64%
Invested Capital Growth	7.21%	14.74%	6.32%	5.70%	19.81%	-16.13%	14.88%	10.33%	7.98%	9.16%
Revenue Q/Q Growth	-5.41%	-19.29%	90.79%	3.58%	-45.95%	31.34%	27.40%	-0.88%	-7.83%	0.34%
EBITDA Q/Q Growth	484.32%	-92.51%	247.13%	-8.66%	-43.73%	29.43%	23.60%	0.71%	7.05%	-2.89%
EBIT Q/Q Growth	83.81%	-115.52%	177.92%	-12.16%	-59.41%	67.68%	60.41%	0.75%	10.31%	-6.10%
NOPAT Q/Q Growth	71.88%	-117.36%	172.45%	-8.71%	-57.19%	48.35%	-12.94%	-0.45%	8.26%	-2.30%
Net Income Q/Q Growth	-23.73%	5.97%	16.32%	-6.99%	-15.07%	26.48%	3.44%	-3.56%	12.39%	-8.30%
EPS Q/Q Growth	-23.44%	6.62%	15.54%	-7.63%	-15.07%	26.48%	2.86%	-5.15%	12.11%	-8.27%
Operating Cash Flow Q/Q Growth	-5.15%	-5.70%	13.39%	2.52%	4.54%	4.76%	-6.72%	-6.17%	9.52%	7.02%
Free Cash Flow Firm Q/Q Growth	33.00%	-216.76%	114.28%	-17.21%	-492.95%	153.31%	-112.58%	-4.09%	37.00%	11.85%
Invested Capital Q/Q Growth	1.07%	13.47%	1.75%	1.67%	10.77%	-37.56%	2.70%	2.57%	2.19%	1.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.55%	13.02%	43.27%	74.36%	85.22%	28.71%	38.47%	31.56%	50.90%	52.98%
EBITDA Margin	6.88%	3.63%	23.13%	20.87%	23.79%	27.49%	21.21%	16.91%	31.11%	31.89%
Operating Margin	-3.24%	-6.76%	16.24%	13.98%	11.75%	13.61%	9.99%	9.09%	17.60%	16.79%
EBIT Margin	-1.81%	-6.10%	17.01%	14.88%	12.92%	14.53%	11.07%	9.05%	18.05%	17.54%
Profit (Net Income) Margin	6.97%	7.85%	6.28%	5.73%	9.63%	12.00%	6.03%	5.63%	10.96%	11.27%
Tax Burden Percent	75.79%	75.48%	50.20%	53.93%	115.70%	126.71%	137.65%	97.39%	89.21%	102.48%
Interest Burden Percent	-508.02%	-170.52%	73.51%	71.41%	64.44%	65.18%	39.59%	63.87%	68.09%	62.70%
Effective Tax Rate	24.21%	24.52%	22.66%	14.04%	7.01%	3.42%	-19.82%	2.61%	10.79%	-2.48%
Return on Invested Capital (ROIC)	-1.46%	-2.81%	10.45%	10.39%	5.22%	5.88%	7.15%	6.05%	6.51%	6.42%
ROIC Less NNEP Spread (ROIC-NNEP)	9.59%	10.73%	0.81%	0.34%	4.11%	4.90%	0.99%	2.72%	3.49%	3.06%
Return on Net Nonoperating Assets (RNNOA)	9.86%	11.93%	0.96%	0.41%	5.18%	5.36%	1.33%	5.29%	6.51%	5.91%
Return on Equity (ROE)	8.40%	9.12%	11.41%	10.80%	10.39%	11.24%	8.49%	11.33%	13.02%	12.34%
Cash Return on Invested Capital (CROIC)	-8.42%	-16.54%	4.32%	4.85%	-12.81%	23.43%	-6.69%	-3.78%	-1.16%	-2.33%
Operating Return on Assets (OROA)	-0.66%	-2.14%	9.16%	8.29%	4.00%	3.78%	3.89%	4.23%	5.26%	4.67%
Return on Assets (ROA)	2.55%	2.75%	3.38%	3.19%	2.98%	3.12%	2.12%	2.63%	3.20%	3.00%
Return on Common Equity (ROCE)	8.38%	8.86%	10.85%	10.30%	10.10%	11.16%	8.49%	11.32%	13.02%	12.33%
Return on Equity Simple (ROE_SIMPLE)	8.21%	9.26%	11.69%	10.92%	10.04%	11.03%	10.37%	10.42%	12.64%	12.00%
Net Operating Profit after Tax (NOPAT)	-254	-543	2,224	2,345	1,330	1,502	1,791	1,702	2,001	2,143
NOPAT Margin	-2.46%	-5.11%	12.56%	12.02%	10.93%	13.15%	11.97%	8.85%	15.70%	17.20%
Net Nonoperating Expense Percent (NNEP)	-11.05%	-13.54%	9.63%	10.05%	1.11%	0.98%	6.17%	3.33%	3.02%	3.36%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.76%	6.27%	6.17%
Cost of Revenue to Revenue	90.45%	86.98%	56.73%	25.64%	14.78%	71.29%	61.53%	68.44%	49.10%	47.02%
SG&A Expenses to Revenue	0.00%	0.00%	18.63%	46.55%	60.41%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.79%	19.78%	27.03%	60.37%	73.47%	15.09%	28.48%	22.47%	33.30%	36.20%
Earnings before Interest and Taxes (EBIT)	-187	-648	3,013	2,903	1,572	1,660	1,657	1,741	2,300	2,185
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	711	386	4,096	4,072	2,895	3,140	3,174	3,251	3,965	3,972
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.18	2.69	2.92	2.85	3.05	2.84	4.20	3.50	3.32	3.57
Price to Tangible Book Value (P/TBV)	2.87	4.12	4.38	4.12	5.22	2.84	5.60	4.42	4.12	4.37
Price to Revenue (P/Rev)	1.85	2.28	1.57	1.50	2.93	3.12	2.44	1.89	2.88	3.35
Price to Earnings (P/E)	26.29	27.95	24.51	11.93	30.46	26.08	40.31	33.60	26.27	29.73
Dividend Yield	4.73%	4.01%	3.84%	3.94%	3.48%	3.84%	4.07%	3.30%	3.64%	3.44%
Earnings Yield	3.80%	3.58%	4.08%	8.38%	3.28%	3.83%	2.48%	2.98%	3.81%	3.36%
Enterprise Value to Invested Capital (EV/IC)	1.56	1.72	1.81	1.80	1.85	1.52	2.03	1.87	1.79	1.85
Enterprise Value to Revenue (EV/Rev)	2.72	3.34	2.25	2.15	4.22	3.11	3.63	2.87	4.48	5.17
Enterprise Value to EBITDA (EV/EBITDA)	39.53	91.88	9.72	10.28	17.75	11.31	17.11	16.97	14.42	16.22
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	13.21	14.42	32.68	21.39	32.78	31.69	24.85	29.48
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	17.89	17.85	38.64	23.64	30.32	32.41	28.57	30.06
Enterprise Value to Operating Cash Flow (EV/OCF)	14.67	17.02	18.80	15.62	19.40	9.60	17.71	27.91	17.75	17.68
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	43.25	38.22	0.00	5.93	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.11	1.24	1.29	1.33	1.51	0.04	2.08	1.84	1.89	1.97
Long-Term Debt to Equity	1.00	1.19	1.22	1.13	1.35	0.00	1.67	1.62	1.58	1.77
Financial Leverage	1.03	1.11	1.18	1.18	1.26	1.09	1.35	1.95	1.86	1.93
Leverage Ratio	3.30	3.32	3.38	3.38	3.48	3.60	4.01	4.31	4.08	4.11
Compound Leverage Factor	-16.77	-5.66	2.48	2.42	2.24	2.34	1.59	2.75	2.77	2.58
Debt to Total Capital	52.53%	55.36%	56.39%	57.06%	60.10%	3.78%	67.58%	64.81%	65.34%	66.33%
Short-Term Debt to Total Capital	5.25%	2.41%	3.19%	8.45%	6.38%	3.59%	13.51%	7.73%	10.74%	6.80%
Long-Term Debt to Total Capital	47.28%	52.95%	53.20%	48.62%	53.72%	0.18%	54.07%	57.08%	54.61%	59.53%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.12%	2.29%	2.09%	1.92%	0.55%	0.00%	0.03%	0.01%	0.02%	0.01%
Common Equity to Total Capital	47.35%	42.34%	41.53%	41.02%	39.35%	96.22%	32.39%	35.17%	34.64%	33.66%
Debt to EBITDA	13.69	30.52	3.15	3.50	6.16	0.16	5.72	5.89	5.26	5.80
Net Debt to EBITDA	12.62	27.76	2.81	2.99	5.39	-0.06	5.59	5.78	5.16	5.71
Long-Term Debt to EBITDA	12.32	29.19	2.97	2.98	5.50	0.01	4.58	5.19	4.39	5.21
Debt to NOPAT	-38.33	-21.71	5.81	6.07	13.41	0.33	10.14	11.25	10.42	10.76
Net Debt to NOPAT	-35.34	-19.75	5.18	5.19	11.74	-0.12	9.91	11.03	10.23	10.58
Long-Term Debt to NOPAT	-34.50	-20.77	5.48	5.17	11.98	0.02	8.11	9.91	8.71	9.66
Altman Z-Score	1.15	1.16	1.77	1.68	1.30	2.67	1.25	1.36	1.18	1.18
Noncontrolling Interest Sharing Ratio	0.22%	2.79%	4.96%	4.63%	2.86%	0.67%	0.04%	0.06%	0.04%	0.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.02	1.13	1.10	0.73	0.77	1.30	0.52	0.81	0.60	0.71
Quick Ratio	0.55	0.69	0.68	0.44	0.50	0.80	0.29	0.43	0.31	0.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,464	-3,194	920	1,095	-3,265	5,985	-1,676	-1,064	-357	-777
Operating Cash Flow to CapEx	94.85%	0.00%	94.13%	0.00%	88.39%	96.18%	81.37%	58.94%	81.91%	82.40%
Free Cash Flow to Firm to Interest Expense	-3.25	-6.77	1.14	1.30	-5.75	9.86	-1.64	-1.58	-0.45	-0.82
Operating Cash Flow to Interest Expense	4.26	4.42	2.61	3.18	4.66	6.09	3.00	2.93	4.07	3.83
Operating Cash Flow Less CapEx to Interest Expense	-0.23	4.42	-0.16	3.19	-0.61	-0.24	-0.69	-2.04	-0.90	-0.82
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.35	0.54	0.56	0.31	0.26	0.35	0.47	0.29	0.27
Accounts Receivable Turnover	7.02	7.23	10.27	10.40	6.43	6.42	8.55	9.59	6.42	6.89
Inventory Turnover	11.64	11.74	12.95	6.29	2.29	14.39	14.96	14.62	6.27	5.10
Fixed Asset Turnover	0.59	0.56	0.88	0.92	0.52	0.46	0.58	0.69	0.45	0.42
Accounts Payable Turnover	10.49	9.79	8.93	4.00	1.50	0.00	0.00	8.72	4.22	4.26
Days Sales Outstanding (DSO)	52.01	50.49	35.54	35.11	56.75	56.81	42.67	38.08	56.83	52.95
Days Inventory Outstanding (DIO)	31.37	31.09	28.18	58.00	159.36	25.37	24.40	24.96	58.21	71.64
Days Payable Outstanding (DPO)	34.78	37.27	40.87	91.20	244.11	0.00	0.00	41.85	86.47	85.63
Cash Conversion Cycle (CCC)	48.60	44.31	22.85	1.91	-28.00	82.18	67.07	21.19	28.57	38.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	17,987	20,638	21,942	23,192	27,787	23,304	26,771	29,537	31,895	34,815
Invested Capital Turnover	0.59	0.55	0.83	0.86	0.48	0.45	0.60	0.68	0.41	0.37
Increase / (Decrease) in Invested Capital	1,210	2,651	1,304	1,250	4,595	-4,483	3,467	2,766	2,358	2,920
Enterprise Value (EV)	28,108	35,466	39,797	41,854	51,378	35,504	54,319	55,178	57,160	64,413
Market Capitalization	19,113	24,262	27,798	29,198	35,605	35,679	36,564	36,388	36,695	41,747
Book Value per Share	$27.58	$28.33	$29.91	$31.94	$36.25	$37.82	$26.19	$31.28	$32.04	$33.84
Tangible Book Value per Share	$20.95	$18.50	$19.97	$22.13	$21.16	$37.82	$19.66	$24.79	$25.81	$27.66
Total Capital	18,527	21,281	22,905	24,959	29,665	13,055	26,876	29,560	31,900	34,757
Total Debt	9,732	11,782	12,915	14,242	17,829	493	18,163	19,159	20,845	23,053
Total Long-Term Debt	8,760	11,269	12,185	12,134	15,935	24	14,531	16,873	17,420	20,690
Net Debt	8,972	10,716	11,521	12,176	15,609	-175	17,747	18,786	20,460	22,661
Capital Expenditures (CapEx)	2,020	0.00	2,249	-2.00	2,997	3,844	3,769	3,354	3,931	4,421
Debt-free, Cash-free Net Working Capital (DFCFNWC)	959	725	910	854	890	804	568	1,250	1,030	776
Debt-free Net Working Capital (DFNWC)	1,019	838	999	930	983	1,276	603	1,293	1,081	864
Net Working Capital (NWC)	47	325	269	-1,178	-911	807	-3,029	-993	-2,344	-1,499
Net Nonoperating Expense (NNE)	-974	-1,377	1,112	1,227	158	131	888	619	604	739
Net Nonoperating Obligations (NNO)	9,192	11,139	11,952	12,475	15,951	10,742	18,058	19,136	20,840	23,111
Total Depreciation and Amortization (D&A)	898	1,034	1,083	1,169	1,323	1,480	1,517	1,510	1,665	1,787
Debt-free, Cash-free Net Working Capital to Revenue	9.28%	6.82%	5.14%	4.38%	7.31%	7.04%	3.80%	6.50%	8.08%	6.23%
Debt-free Net Working Capital to Revenue	9.86%	7.88%	5.64%	4.77%	8.08%	11.17%	4.03%	6.72%	8.48%	6.94%
Net Working Capital to Revenue	0.45%	3.06%	1.52%	-6.04%	-7.49%	7.06%	-20.24%	-5.16%	-18.39%	-12.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.45	$4.12	$5.38	$5.26	$5.38	$6.03	$4.68	$5.53	$6.77	$6.78
Adjusted Weighted Average Basic Shares Outstanding	210.37M	210.37M	210.37M	212.72M	217.42M	226.83M	193M	195M	206M	207M
Adjusted Diluted Earnings per Share	$3.45	$4.11	$5.38	$5.25	$5.37	$6.02	$4.67	$5.52	$6.76	$6.77
Adjusted Weighted Average Diluted Shares Outstanding	373.86M	373.81M	210.37M	212.72M	217.42M	226.83M	194M	196M	206M	207M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	373.86M	373.81M	373.75M	376.74M	388.86M	390.35M	332.38M	344.32M	345.09M	345.87M
Normalized Net Operating Profit after Tax (NOPAT)	-174	-537	2,256	2,367	1,343	1,538	1,070	1,698	2,015	1,483
Normalized NOPAT Margin	-1.68%	-5.06%	12.74%	12.13%	11.04%	13.46%	7.15%	8.83%	15.81%	11.91%
Pre Tax Income Margin	9.19%	10.40%	12.51%	10.63%	8.33%	9.47%	4.38%	5.78%	12.29%	11.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.42	-1.37	3.72	3.45	2.77	2.73	1.62	2.58	2.91	2.30
NOPAT to Interest Expense	-0.56	-1.15	2.75	2.79	2.34	2.47	1.75	2.52	2.53	2.25
EBIT Less CapEx to Interest Expense	-4.90	-1.37	0.94	3.45	-2.51	-3.60	-2.06	-2.39	-2.06	-2.35
NOPAT Less CapEx to Interest Expense	-5.05	-1.15	-0.03	2.79	-2.94	-3.86	-1.93	-2.45	-2.44	-2.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	70.69%	64.27%	56.83%	59.75%	64.08%	58.28%	92.58%	63.25%	53.83%	57.69%
Augmented Payout Ratio	70.69%	68.23%	61.42%	59.75%	64.08%	58.28%	99.89%	68.33%	53.83%	57.69%

This table displays calculated financial ratios and metrics derived from DTE Energy's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	41.35%	-3.68%	-17.44%	-45.49%	-45.00%	-24.17%	-14.26%	7.12%	0.62%	1.24%
EBITDA Growth	14.25%	2.77%	16.68%	52.21%	1.81%	30.56%	-9.44%	20.12%	6.28%	-10.58%
EBIT Growth	19.91%	2.89%	20.32%	146.43%	-2.71%	46.44%	-20.18%	34.06%	3.90%	-20.94%
NOPAT Growth	89.30%	-1.66%	9.31%	-24.78%	-5.98%	36.94%	-17.34%	32.97%	37.29%	-11.74%
Net Income Growth	1,659.09%	-13.11%	12.94%	443.24%	-14.21%	58.11%	-29.66%	60.20%	43.67%	-30.31%
EPS Growth	1,430.77%	-14.47%	6.40%	410.53%	-19.10%	48.53%	-30.09%	59.79%	42.86%	-30.20%
Operating Cash Flow Growth	-39.47%	-18.71%	14.36%	154.57%	123.19%	49.56%	12.77%	-9.10%	23.05%	28.28%
Free Cash Flow Firm Growth	-119.02%	22.80%	-170.66%	-173.23%	12.98%	23.91%	14.05%	3.32%	-24.70%	-35.18%
Invested Capital Growth	10.48%	10.33%	11.47%	10.54%	8.39%	7.98%	8.78%	9.62%	9.85%	9.16%
Revenue Q/Q Growth	6.64%	-14.76%	-15.57%	-28.98%	7.60%	17.52%	-4.54%	-11.27%	1.08%	18.24%
EBITDA Q/Q Growth	73.06%	-8.96%	25.29%	-22.90%	15.76%	16.75%	-13.09%	2.27%	2.42%	-1.77%
EBIT Q/Q Growth	229.76%	-16.43%	44.49%	-38.12%	30.19%	25.79%	-21.24%	3.93%	0.90%	-4.29%
NOPAT Q/Q Growth	18.89%	-22.41%	40.75%	-42.07%	48.59%	13.02%	-15.04%	-6.81%	53.42%	-27.35%
Net Income Q/Q Growth	945.95%	-31.52%	67.92%	-54.83%	65.17%	26.20%	-25.30%	2.88%	48.14%	-38.78%
EPS Q/Q Growth	947.37%	-31.66%	58.82%	-55.09%	65.98%	25.47%	-25.25%	2.65%	48.39%	-38.70%
Operating Cash Flow Q/Q Growth	-15.85%	104.71%	63.54%	-9.63%	-26.23%	37.18%	23.31%	-27.16%	-0.13%	43.01%
Free Cash Flow Firm Q/Q Growth	-162.73%	-7.03%	-6.74%	-2.18%	25.44%	6.42%	-20.57%	-14.94%	3.84%	-1.45%
Invested Capital Q/Q Growth	4.59%	2.57%	1.79%	1.24%	2.55%	2.19%	2.54%	2.02%	2.76%	1.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.12%	34.43%	46.52%	52.68%	55.02%	50.85%	50.96%	55.48%	55.78%	50.44%
EBITDA Margin	17.86%	19.08%	28.31%	30.74%	33.07%	32.85%	29.91%	34.47%	34.93%	29.02%
Operating Margin	10.38%	10.32%	17.25%	14.79%	18.63%	19.33%	15.96%	17.46%	17.79%	16.15%
EBIT Margin	10.55%	10.34%	17.70%	15.42%	18.66%	19.98%	16.48%	19.30%	19.27%	15.60%
Profit (Net Income) Margin	7.37%	5.92%	11.78%	7.49%	11.50%	12.35%	9.66%	11.20%	16.41%	8.50%
Tax Burden Percent	98.47%	90.14%	89.90%	85.53%	93.79%	86.93%	93.71%	89.94%	133.99%	90.68%
Interest Burden Percent	70.94%	63.50%	73.99%	56.76%	65.68%	71.09%	62.55%	64.50%	63.57%	60.07%
Effective Tax Rate	1.53%	9.86%	10.10%	14.47%	6.21%	13.07%	6.29%	10.06%	-33.99%	9.32%
Return on Invested Capital (ROIC)	7.23%	6.35%	10.02%	7.07%	8.05%	6.97%	5.82%	6.10%	9.04%	5.47%
ROIC Less NNEP Spread (ROIC-NNEP)	6.43%	5.54%	9.27%	6.35%	7.19%	6.21%	4.98%	5.49%	8.03%	4.51%
Return on Net Nonoperating Assets (RNNOA)	13.64%	10.78%	17.83%	12.97%	14.56%	11.58%	9.34%	10.73%	15.40%	8.71%
Return on Equity (ROE)	20.87%	17.13%	27.85%	20.03%	22.61%	18.55%	15.16%	16.83%	24.44%	14.18%
Cash Return on Invested Capital (CROIC)	-3.72%	-3.78%	-4.73%	-3.51%	-1.89%	-1.16%	-2.36%	-2.89%	-2.69%	-2.33%
Operating Return on Assets (OROA)	5.03%	4.83%	7.87%	5.93%	6.02%	5.82%	4.55%	5.28%	5.12%	4.15%
Return on Assets (ROA)	3.51%	2.76%	5.24%	2.88%	3.71%	3.60%	2.67%	3.06%	4.36%	2.26%
Return on Common Equity (ROCE)	20.85%	17.12%	27.84%	20.03%	22.60%	18.54%	15.15%	16.82%	24.43%	14.17%
Return on Equity Simple (ROE_SIMPLE)	12.51%	0.00%	10.66%	12.38%	11.46%	0.00%	11.32%	12.48%	13.21%	0.00%
Net Operating Profit after Tax (NOPAT)	537	416	586	340	505	570	484	452	693	503
NOPAT Margin	10.22%	9.30%	15.51%	12.65%	17.47%	16.80%	14.95%	15.71%	23.84%	14.65%
Net Nonoperating Expense Percent (NNEP)	0.80%	0.81%	0.75%	0.71%	0.86%	0.76%	0.84%	0.61%	1.00%	0.96%
Return On Investment Capital (ROIC_SIMPLE)	-	1.41%	-	-	-	1.79%	-	-	-	1.45%
Cost of Revenue to Revenue	68.88%	65.57%	53.48%	47.32%	44.98%	49.15%	49.04%	44.52%	44.22%	49.56%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.74%	24.11%	29.27%	37.89%	36.39%	31.53%	35.00%	38.02%	37.99%	34.28%
Earnings before Interest and Taxes (EBIT)	554	463	669	414	539	678	534	555	560	536
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	938	854	1,070	825	955	1,115	969	991	1,015	997
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.00	3.50	3.39	3.49	3.04	3.32	3.43	3.45	3.83	3.57
Price to Tangible Book Value (P/TBV)	5.27	4.42	4.25	4.39	3.80	4.12	4.25	4.28	4.70	4.37
Price to Revenue (P/Rev)	1.85	1.89	1.96	2.26	2.39	2.88	3.14	3.09	3.58	3.35
Price to Earnings (P/E)	31.98	33.60	31.79	28.17	26.57	26.27	30.30	27.68	28.99	29.73
Dividend Yield	3.27%	3.30%	3.51%	3.53%	3.98%	3.64%	3.55%	3.61%	3.18%	3.44%
Earnings Yield	3.13%	2.98%	3.15%	3.55%	3.76%	3.81%	3.30%	3.61%	3.45%	3.36%
Enterprise Value to Invested Capital (EV/IC)	1.92	1.87	1.83	1.84	1.70	1.79	1.82	1.80	1.94	1.85
Enterprise Value to Revenue (EV/Rev)	2.85	2.87	2.99	3.46	3.83	4.48	4.87	4.84	5.37	5.17
Enterprise Value to EBITDA (EV/EBITDA)	17.11	16.97	16.19	15.18	14.30	14.42	15.37	14.88	16.29	16.22
Enterprise Value to EBIT (EV/EBIT)	31.97	31.69	29.72	26.65	25.41	24.85	27.44	26.01	28.63	29.48
Enterprise Value to NOPAT (EV/NOPAT)	32.30	32.41	31.58	29.71	28.67	28.57	31.30	29.88	30.37	30.06
Enterprise Value to Operating Cash Flow (EV/OCF)	26.22	27.91	26.33	21.52	18.02	17.75	17.80	18.38	19.57	17.68
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.19	1.84	1.83	1.88	1.88	1.89	1.96	2.07	2.12	1.97
Long-Term Debt to Equity	1.92	1.62	1.66	1.77	1.71	1.58	1.72	1.73	1.76	1.77
Financial Leverage	2.12	1.95	1.92	2.04	2.02	1.86	1.88	1.95	1.92	1.93
Leverage Ratio	4.63	4.31	4.25	4.42	4.32	4.08	4.05	4.20	4.17	4.11
Compound Leverage Factor	3.29	2.74	3.14	2.51	2.84	2.90	2.53	2.71	2.65	2.47
Debt to Total Capital	68.64%	64.81%	64.70%	65.34%	65.22%	65.34%	66.26%	67.47%	67.98%	66.33%
Short-Term Debt to Total Capital	8.44%	7.73%	6.14%	4.05%	5.80%	10.74%	8.15%	11.04%	11.50%	6.80%
Long-Term Debt to Total Capital	60.20%	57.08%	58.56%	61.29%	59.42%	54.61%	58.11%	56.43%	56.48%	59.53%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.02%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.01%
Common Equity to Total Capital	31.34%	35.17%	35.28%	34.65%	34.77%	34.64%	33.73%	32.52%	32.00%	33.66%
Debt to EBITDA	6.09	5.89	5.73	5.36	5.49	5.26	5.68	5.72	6.02	5.80
Net Debt to EBITDA	5.98	5.78	5.60	5.26	5.39	5.16	5.46	5.36	5.43	5.71
Long-Term Debt to EBITDA	5.34	5.19	5.19	5.03	5.01	4.39	4.98	4.78	5.00	5.21
Debt to NOPAT	11.50	11.25	11.18	10.49	11.01	10.42	11.56	11.48	11.23	10.76
Net Debt to NOPAT	11.28	11.03	10.92	10.29	10.79	10.23	11.11	10.76	10.13	10.58
Long-Term Debt to NOPAT	10.09	9.91	10.12	9.84	10.03	8.71	10.14	9.60	9.33	9.66
Altman Z-Score	1.26	1.26	1.28	1.20	1.08	1.06	1.07	1.00	1.09	1.07
Noncontrolling Interest Sharing Ratio	0.10%	0.06%	0.04%	0.05%	0.05%	0.04%	0.04%	0.05%	0.04%	0.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.79	0.81	0.88	0.89	0.85	0.60	0.75	0.69	0.83	0.71
Quick Ratio	0.37	0.43	0.45	0.42	0.40	0.31	0.42	0.44	0.54	0.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,195	-2,350	-2,508	-2,562	-1,910	-1,788	-2,156	-2,477	-2,382	-2,417
Operating Cash Flow to CapEx	31.87%	57.59%	100.11%	87.62%	65.74%	75.58%	99.14%	76.20%	67.26%	86.93%
Free Cash Flow to Firm to Interest Expense	-12.84	-12.43	-13.13	-13.35	-9.55	-8.59	-9.89	-10.63	-9.45	-9.74
Operating Cash Flow to Interest Expense	1.61	2.99	4.84	4.35	3.08	4.06	4.78	3.26	3.01	4.37
Operating Cash Flow Less CapEx to Interest Expense	-3.45	-2.20	0.01	-0.61	-1.61	-1.31	-0.04	-1.02	-1.46	-0.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.47	0.44	0.38	0.32	0.29	0.28	0.27	0.27	0.27
Accounts Receivable Turnover	10.57	9.59	10.52	8.86	7.80	6.42	7.38	7.64	7.81	6.89
Inventory Turnover	12.99	14.62	15.95	10.98	6.97	6.27	6.28	5.55	4.66	5.10
Fixed Asset Turnover	0.72	0.69	0.65	0.56	0.50	0.45	0.42	0.42	0.43	0.42
Accounts Payable Turnover	8.54	8.72	10.18	7.04	5.46	4.22	5.34	4.95	4.80	4.26
Days Sales Outstanding (DSO)	34.55	38.08	34.71	41.18	46.80	56.83	49.46	47.77	46.73	52.95
Days Inventory Outstanding (DIO)	28.10	24.96	22.89	33.24	52.34	58.21	58.11	65.73	78.40	71.64
Days Payable Outstanding (DPO)	42.72	41.85	35.86	51.84	66.79	86.47	68.38	73.74	76.02	85.63
Cash Conversion Cycle (CCC)	19.93	21.19	21.73	22.58	32.35	28.57	39.19	39.77	49.11	38.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	28,798	29,537	30,065	30,437	31,213	31,895	32,705	33,366	34,288	34,815
Invested Capital Turnover	0.71	0.68	0.65	0.56	0.46	0.41	0.39	0.39	0.38	0.37
Increase / (Decrease) in Invested Capital	2,732	2,766	3,094	2,902	2,415	2,358	2,640	2,929	3,075	2,920
Enterprise Value (EV)	55,244	55,178	55,108	55,956	52,984	57,160	59,407	59,971	66,611	64,413
Market Capitalization	35,946	36,388	36,055	36,566	33,030	36,695	38,324	38,362	44,385	41,747
Book Value per Share	$27.02	$31.28	$30.91	$30.40	$31.47	$32.04	$54.24	$32.14	$33.54	$33.84
Tangible Book Value per Share	$20.51	$24.79	$24.64	$24.15	$25.23	$25.81	$43.82	$25.93	$27.34	$27.66
Total Capital	28,655	29,560	30,161	30,248	31,207	31,900	33,125	34,155	36,223	34,757
Total Debt	19,669	19,159	19,515	19,763	20,353	20,845	21,947	23,043	24,625	23,053
Total Long-Term Debt	17,250	16,873	17,662	18,538	18,542	17,420	19,248	19,274	20,458	20,690
Net Debt	19,292	18,786	19,049	19,386	19,950	20,460	21,078	21,603	22,220	22,661
Capital Expenditures (CapEx)	866	981	923	953	937	1,118	1,051	996	1,127	1,247
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,212	1,250	1,217	791	1,120	1,030	927	629	903	776
Debt-free Net Working Capital (DFNWC)	1,263	1,293	1,354	832	1,186	1,081	1,476	1,778	2,997	864
Net Working Capital (NWC)	-1,156	-993	-499	-393	-625	-2,344	-1,223	-1,991	-1,170	-1,499
Net Nonoperating Expense (NNE)	150	151	141	139	173	151	171	130	216	211
Net Nonoperating Obligations (NNO)	19,812	19,136	19,419	19,952	20,359	20,840	21,527	22,254	22,690	23,111
Total Depreciation and Amortization (D&A)	384	391	401	411	416	437	435	436	455	461
Debt-free, Cash-free Net Working Capital to Revenue	6.25%	6.50%	6.60%	4.89%	8.10%	8.08%	7.59%	5.07%	7.27%	6.23%
Debt-free Net Working Capital to Revenue	6.51%	6.72%	7.35%	5.14%	8.58%	8.48%	12.09%	14.34%	24.14%	6.94%
Net Working Capital to Revenue	-5.96%	-5.16%	-2.71%	-2.43%	-4.52%	-18.39%	-10.02%	-16.06%	-9.42%	-12.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.00	$1.36	$2.16	$0.97	$1.61	$2.03	$1.51	$1.56	$2.30	$1.41
Adjusted Weighted Average Basic Shares Outstanding	193M	195M	206M	206M	206M	206M	206M	207M	207M	207M
Adjusted Diluted Earnings per Share	$1.99	$1.36	$2.16	$0.97	$1.61	$2.02	$1.51	$1.55	$2.30	$1.41
Adjusted Weighted Average Diluted Shares Outstanding	194M	196M	206M	206M	206M	206M	207M	207M	207M	207M
Adjusted Basic & Diluted Earnings per Share	$0.00	$1.36	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	332.37M	344.32M	344.74M	344.81M	344.89M	345.09M	345.57M	345.65M	345.73M	345.87M
Normalized Net Operating Profit after Tax (NOPAT)	538	416	585	341	493	594	484	452	362	530
Normalized NOPAT Margin	10.24%	9.28%	15.49%	12.72%	17.08%	17.49%	14.92%	15.71%	12.45%	15.41%
Pre Tax Income Margin	7.48%	6.57%	13.10%	8.76%	12.26%	14.20%	10.31%	12.45%	12.25%	9.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.24	2.45	3.50	2.16	2.70	3.26	2.45	2.38	2.22	2.16
NOPAT to Interest Expense	3.14	2.20	3.07	1.77	2.52	2.74	2.22	1.94	2.75	2.03
EBIT Less CapEx to Interest Expense	-1.82	-2.74	-1.33	-2.81	-1.99	-2.12	-2.37	-1.89	-2.25	-2.87
NOPAT Less CapEx to Interest Expense	-1.93	-2.99	-1.76	-3.20	-2.16	-2.63	-2.60	-2.34	-1.72	-3.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	61.09%	63.25%	62.52%	55.93%	59.69%	53.83%	60.63%	56.35%	51.99%	57.69%
Augmented Payout Ratio	65.98%	68.33%	62.52%	55.93%	59.69%	53.83%	60.63%	56.35%	51.99%	57.69%

Frequently Asked Questions About DTE Energy's Financials

When does DTE Energy's financial year end?

According to the most recent income statement we have on file, DTE Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has DTE Energy's net income changed over the last 9 years?

DTE Energy's net income appears to be on an upward trend, with a most recent value of $1.40 billion in 2024, rising from $720 million in 2015. The previous period was $1.40 billion in 2023.

What is DTE Energy's operating income?

DTE Energy's total operating income in 2024 was $2.09 billion, based on the following breakdown:

Total Gross Profit: $6.60 billion
Total Operating Expenses: $4.51 billion

How has DTE Energy revenue changed over the last 9 years?

Over the last 9 years, DTE Energy's total revenue changed from $10.34 billion in 2015 to $12.46 billion in 2024, a change of 20.5%.

How much debt does DTE Energy have?

DTE Energy's total liabilities were at $37.14 billion at the end of 2024, a 10.2% increase from 2023, and a 87.0% increase since 2015.

How much cash does DTE Energy have?

In the past 9 years, DTE Energy's cash and equivalents has ranged from $24 million in 2024 to $472 million in 2020, and is currently $24 million as of their latest financial filing in 2024.

How has DTE Energy's book value per share changed over the last 9 years?

Over the last 9 years, DTE Energy's book value per share changed from 27.58 in 2015 to 33.84 in 2024, a change of 22.7%.

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This page (NYSE:DTE) was last updated on 4/24/2025 by MarketBeat.com Staff

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DTE Energy (DTE) Financials

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DTE Energy (DTE) Financials

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