DTE Energy (DTE) financial statements
DTE Energy reported revenue of $15.8B in fiscal 2025, up 4.5% a year over 9 years.
Net income was $1.5B and the operating margin 15.0%, against 14.0% in 2016.
The diluted share count rose 16% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from DTE Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.6B | $12.6B | $14.2B | $12.2B | $11.4B | $15.0B | $19.2B | $12.7B | $12.5B | $15.8B |
| Operating income | $1.5B | $1.7B | $1.6B | $1.4B | $1.6B | $1.5B | $1.7B | $2.2B | $2.1B | $2.4B |
| Interest expense | $472M | $536M | $559M | $568M | $601M | $630M | $675M | $791M | $951M | $1.1B |
| Pre-tax income | $1.1B | $1.3B | $1.2B | $1.0B | $1.1B | $656M | $1.1B | $1.6B | $1.4B | $1.6B |
| Income tax | $271M | $175M | $98M | $71M | $37M | -$130M | $29M | $169M | -$34M | $88M |
| Net income | $868M | $1.1B | $1.1B | $1.2B | $1.4B | $907M | $1.1B | $1.4B | $1.4B | $1.5B |
| EPS (diluted) | $4.83 | $6.32 | $6.17 | $6.31 | $7.08 | $4.67 | $5.52 | $6.76 | $6.77 | $7.03 |
| Diluted shares | 179M | 179M | 181M | 185M | 193M | 194M | 196M | 206M | 207M | 207M |
| Operating margin | 14.0% | 13.6% | 11.2% | 11.8% | 13.6% | 10.0% | 9.1% | 17.6% | 16.8% | 15.0% |
| Net margin | 8.2% | 9.0% | 7.9% | 9.6% | 12.0% | 6.1% | 5.6% | 11.0% | 11.3% | 9.2% |
Balance sheet
Fiscal years, from DTE Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $92M | $66M | $71M | $93M | $472M | $28M | $33M | $26M | $24M | $208M |
| Receivables | $1.5B | $1.8B | $1.8B | $1.6B | $1.5B | $1.7B | $2.0B | $1.6B | $1.7B | $2.0B |
| Total current assets | $2.8B | $3.1B | $3.3B | $3.1B | $3.5B | $3.3B | $4.2B | $3.5B | $3.6B | $4.3B |
| Property, plant and equipment | $19.7B | $20.7B | $21.6B | $25.3B | $24.5B | $26.9B | $28.8B | $28.2B | $30.9B | $33.7B |
| Goodwill | $2.3B | $2.3B | $2.3B | $2.5B | $2.0B | $2.0B | $2.0B | $2.0B | $2.0B | $2.0B |
| Total assets | $32.0B | $33.8B | $36.3B | $42.3B | $45.5B | $39.7B | $42.7B | $44.8B | $48.8B | $54.1B |
| Total current liabilities | $2.4B | $2.8B | $4.4B | $4.0B | $2.7B | $6.3B | $5.2B | $5.9B | $5.1B | $5.4B |
| Long-term debt | $10.5B | $11.0B | $11.0B | $15.9B | $19.0B | $14.5B | $16.9B | $17.4B | $20.7B | $23.8B |
| Total liabilities | $22.5B | $23.8B | $25.6B | $30.4B | $32.9B | $31.0B | $32.3B | $33.7B | $37.1B | $41.8B |
| Shareholders' equity | $9.0B | $9.5B | $10.2B | $11.7B | $12.4B | $8.7B | $10.4B | $11.1B | $11.7B | $12.3B |
| Net debt | $10.4B | $11.0B | $10.9B | $15.8B | $18.5B | $14.5B | $16.8B | $17.4B | $20.7B | $23.6B |
Cash flow
Fiscal years, from DTE Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.1B | $2.1B | $2.7B | $2.6B | $3.7B | $3.1B | $2.0B | $3.2B | $3.6B | $3.4B |
| Dividends paid | $531M | $592M | $620M | $692M | $760M | $791M | $685M | $752M | $810M | $871M |
| Share buybacks (net) | -$33M | -$51M | $0 | $0 | $0 | -$66M | -$55M | $0 | $0 | — |
| Net borrowing | $1.2B | $1.1B | $1.3B | $1.7B | $2.8B | $1.7B | $988M | $1.7B | $2.2B | $3.0B |
| Dividends per share | $2.97 | $3.31 | $3.43 | $3.74 | $3.94 | $4.08 | $3.49 | $3.65 | $3.91 | $4.21 |
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What was DTE Energy's revenue in 2025?
$15.8B in fiscal 2025, from its 10-K filing.
From DTE Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.