DTE Utilities

DTE Energy Company

$134.26-1.17%

Price as of close on Nov 3, 2026 · Financials updated Nov 3, 2026

Basics

Sector: Utilities
Industry: Utilities - Regulated Electric
Country: United States
Market cap: 27.9B USD
Enterprise value: 54.5B USD
Full-time employees: 9,592

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.80 vs a peer median of 1.03) and more debt relative to equity (2.27× vs a peer median of 1.19×)higher risk: less liquidity (current ratio 0.80 vs peers 1.03) and more debt vs equity (2.27× vs peers 1.19×)

Ranks #248 of 348 utilities companies (bottom 30%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
DTE Energy reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Fast revenue growth. Revenue grew 27% in the 12 months to June 2026 vs the 12 months before, faster than 95% of peers.
Revenue grew 27% in the 12 months to June 2026 vs the 12 months before, faster than 95% of its peers.

StockQuotient Score

41/ 100▲ 1 since Oct 27 close

Oct 5 40 → Nov 4 41 (+1)

Valuation

Is the price right?

39/100

Weak▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 16.0% (existing holders diluted)

Valuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 38 → 39

Share price +1.2%-2
Company's reported figures updated+1
Peer companies moved+2

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.7%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.04Sector median: 0.0485 · MAD: 0.0319

EBITDA yield7.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.47Sector median: 0.0859 · MAD: 0.0250

Free cash flow yield-5.3%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score 0.00Sector median: 0.0000 · MAD: 0.0000

Other data (not scored)

Book yield43.6%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.6310 · MAD: 0.2684

Growth

Is it growing?

65/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 4.1%

Why

Stronger than most peers on:

▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-9.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.60Sector median: 0.0172 · MAD: 0.1791

3-year revenue growth-6.3%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported value33% base weight · Z-score -1.58Sector median: 0.0196 · MAD: 0.0523

Revenue growth26.9%

Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported value33% base weight · Z-score 3.58Sector median: 0.0254 · MAD: 0.0681

Profitability

Does it earn well?

35/100

Weak▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 3.7 points to 16.7%

Why it changed since the Oct 27, 2026 close: Score 34 → 35

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin16.0%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score -0.31Sector median: 0.1864 · MAD: 0.0865

Return on assets2.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.25Sector median: 0.0266 · MAD: 0.0124

Return on invested capital4.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.37Sector median: 0.0524 · MAD: 0.0237

Other data (not scored)

Gross margin29.3%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3581 · MAD: 0.1545

Return on equity10.8%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0807 · MAD: 0.0381

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: Changed: worth a look

Debt up 112%

Why it changed since the Oct 27, 2026 close: Safety percentile 23 → 26

Company's reported figures updated+3

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.35

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.60Sector median: 0.4590 · MAD: 0.1730

Current ratio0.80×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.64Sector median: 1.0330 · MAD: 0.3620

Debt / equity2.27×

SEC filings · latest balance sheetReported value33% base weight · Z-score -2.05Sector median: 1.1925 · MAD: 0.5265

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about DTE Energy

Is DTE Energy getting weaker?: Its latest SEC filing (Jul 28, 2026) was mixed: some things better, some worse: operating margin rose 3.7 points to 16.7%; share count up 16.0%. Its overall score is 41/100, up 1 since Oct 28, 2026.
How is DTE Energy valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 39/100 against 360 utilities peers. EBITDA yield 7.4% vs a peer median of 8.6% (weaker than 65% of peers).EBITDA yield 7.4% vs peers 8.6% (weaker than 65% of peers).
Is DTE Energy growing?: Yes, faster than most of its peers. Growth scores 65/100 against 360 utilities peers. Revenue growth 26.9% vs a peer median of 2.5% (stronger than 95% of peers).Revenue growth 26.9% vs peers 2.5% (stronger than 95% of peers). 3-year revenue growth -6.3% vs a peer median of 2.0% (weaker than 82% of peers).3-year revenue growth -6.3% vs peers 2.0% (weaker than 82% of peers).
How profitable is DTE Energy?: Less profitable than most of its peers. Profitability scores 35/100 against 360 utilities peers.
How risky is DTE Energy?: Higher risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Beta 0.35 vs a peer median of 0.46 (stronger than 64% of peers).Beta 0.35 vs peers 0.46 (stronger than 64% of peers). Debt / equity 2.27× vs a peer median of 1.19× (weaker than 86% of peers).Debt / equity 2.27× vs peers 1.19× (weaker than 86% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Mar 31, 2018 · filed Jul 28, 2026 · compared with the quarter ended Dec 31, 2017

Mixed: some things better, some worse

Operating margin rose 3.7 points to 16.7%
Share count up 16.0% (existing holders diluted)
Debt up 112%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	12.6B USD	13.1B USD	+4.1%
Net income (12 months)	1.1B USD	1.3B USD	+16.1%
Operating margin	13.1%	16.7%	+3.7 pts
Debt	13.0B USD	27.6B USD	+111.7%
Cash	66.0M USD	42.0M USD	−36.4%
Shares outstanding	179.4M	208.1M	+16.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Utilities - Regulated Electric · 29 companies

Valuations in Utilities - Regulated Electric are above their usual range since 2016.

67% of months since 2016 were valued lower than now.
24% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +18% and earnings +20% (medians): prices and earnings moved broadly together.
Median price-to-sales is +1% vs the whole market, against a usual +1%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Return on assets (ROA)	2.3%	2.5%	3.1%	2.9%	2.7%	▼ 0.2 pts
Return on equity (ROE)	10.4%	10.4%	12.6%	12.0%	11.9%	▼ 0.1 pts
Current ratio	0.52×	0.81×	0.60×	0.71×	0.80×	▲ 14%
Debt to equity	2.10×	1.86×	1.90×	1.98×	2.13×	▲ 7.3%
Interest coverage	2.37×	2.59×	2.84×	2.20×	2.25×	▲ 2.2%

DTE price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Transmissora Aliança de Energia Elétrica S.A.TAEE3.SA94/ 100

Central Puerto S.A.CEPU93/ 100

Suntar Environmental Technology Co., Ltd.688101.SS88/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.80 vs a peer median of 1.03) and more debt relative to equity (2.27× vs a peer median of 1.19×)higher risk: less liquidity (current ratio 0.80 vs peers 1.03) and more debt vs equity (2.27× vs peers 1.19×)

Ranks #248 of 348 utilities companies (bottom 30%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

DTE Energy reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Fast revenue growth. Revenue grew 27% in the 12 months to June 2026 vs the 12 months before, faster than 95% of peers.

Revenue grew 27% in the 12 months to June 2026 vs the 12 months before, faster than 95% of its peers.

Questions investors ask about DTE Energy

Is DTE Energy getting weaker?

Its latest SEC filing (Jul 28, 2026) was mixed: some things better, some worse: operating margin rose 3.7 points to 16.7%; share count up 16.0%. Its overall score is 41/100, up 1 since Oct 28, 2026.

How is DTE Energy valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 39/100 against 360 utilities peers. EBITDA yield 7.4% vs a peer median of 8.6% (weaker than 65% of peers).EBITDA yield 7.4% vs peers 8.6% (weaker than 65% of peers).

Is DTE Energy growing?

Yes, faster than most of its peers. Growth scores 65/100 against 360 utilities peers. Revenue growth 26.9% vs a peer median of 2.5% (stronger than 95% of peers).Revenue growth 26.9% vs peers 2.5% (stronger than 95% of peers). 3-year revenue growth -6.3% vs a peer median of 2.0% (weaker than 82% of peers).3-year revenue growth -6.3% vs peers 2.0% (weaker than 82% of peers).

How profitable is DTE Energy?

Less profitable than most of its peers. Profitability scores 35/100 against 360 utilities peers.

How risky is DTE Energy?

Higher risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Beta 0.35 vs a peer median of 0.46 (stronger than 64% of peers).Beta 0.35 vs peers 0.46 (stronger than 64% of peers). Debt / equity 2.27× vs a peer median of 1.19× (weaker than 86% of peers).Debt / equity 2.27× vs peers 1.19× (weaker than 86% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

12.6B USD

13.1B USD

+4.1%

Net income (12 months)

1.1B USD

1.3B USD

+16.1%

Operating margin

13.1%

16.7%

+3.7 pts

Debt

13.0B USD

27.6B USD

+111.7%

Cash

66.0M USD

42.0M USD

−36.4%

Shares outstanding

179.4M

208.1M

+16.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Return on assets (ROA)

2.3%

2.5%

3.1%

2.9%

2.7%

▼ 0.2 pts

Return on equity (ROE)

10.4%

12.6%

12.0%

11.9%

▼ 0.1 pts

Current ratio

0.52×

0.81×

0.60×

0.71×

0.80×

▲ 14%

Debt to equity

2.10×

1.86×

1.90×

1.98×

2.13×

▲ 7.3%

Interest coverage

2.37×

2.59×

2.84×

2.20×

2.25×

▲ 2.2%