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DTB logoDTE Energy Company 2020 Series(DTB)Earnings, Financials & Key Ratios

DTB•NYSE•Utilities
$17.09
$3.55B mkt cap·2.4× P/E·Price updated May 6, 2026
SectorUtilitiesIndustryElectric UtilitiesSub-IndustryElectric and gas combination utilities
AboutDTE 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.Show more
  • Revenue$15.28B+22.7%
  • EBITDA$3.96B+3.5%
  • Net Income$1.46B+4.1%
  • Free Cash Flow-$1B-26.2%
  • EBITDA Margin25.9%-15.6%
  • Net Margin9.57%-15.1%
  • ROE12.18%-1.3%
  • Interest Coverage1.94-20.5%
  • Debt/Equity2.16+8.5%
  • Net Debt/EBITDA6.64+9.3%
  • CapEx / Revenue28.98%-19.2%
  • CapEx Coverage0.77-5.9%
Technical→

DTB Key Insights

DTE Energy Company 2020 Series (DTB) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Trading at only 0.3x book value

✗Weaknesses

  • ✗High debt to equity ratio of 2.2x
  • ✗High leverage: 6.7x Debt/EBITDA

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

DTB Price & Volume

DTE Energy Company 2020 Series (DTB) stock price & volume — 10-year historical chart

Loading chart...

DTB Growth Metrics

DTE Energy Company 2020 Series (DTB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4%
5 Years5.8%
3 Years-7.37%
TTM21.9%

Profit CAGR

10 Years7.27%
5 Years1.37%
3 Years10.62%
TTM4.21%

EPS CAGR

10 Years5.71%
5 Years-0.06%
3 Years8.61%
TTM4.44%

Return on Capital

10 Years4.91%
5 Years4.9%
3 Years5.12%
Last Year4.44%

DTB Recent Earnings

DTE Energy Company 2020 Series (DTB) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/10 qtrs (40%)●Beat Revenue 5/10 qtrs (100%)
Q2 2026Latest
Apr 23, 2026
EPS
$0.01
Est $2.08
-99.7%
Revenue
$5.1B
Est $4.7B
+9.7%
Q1 2026
Feb 17, 2026
EPS
$1.65
Est $1.52
+8.6%
Revenue
$4.4B
Est $3.4B
+30.7%
Q4 2025
Oct 30, 2025
EPS
$2.02
Est $2.11
-4.3%
Revenue
$3.5B
Est $3.2B
+8.9%
Q3 2025
Jul 29, 2025
EPS
$1.11
Est $1.40
-20.7%
Revenue
$3.4B
Est $2.8B
+23.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 23, 2026
$0.01vs $2.08-99.7%
$5.1Bvs $4.7B+9.7%
Q1 2026Feb 17, 2026
$1.65vs $1.52+8.6%
$4.4Bvs $3.4B+30.7%
Q4 2025Oct 30, 2025
$2.02vs $2.11-4.3%
$3.5Bvs $3.2B+8.9%
Q3 2025Jul 29, 2025
$1.11vs $1.40-20.7%
$3.4Bvs $2.8B+23.3%
Based on last 10 quarters of dataView full earnings history →

DTB Peer Comparison

DTE Energy Company 2020 Series (DTB) competitors in Electric and gas combination utilities — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
DTE logoDTEDTE Energy CompanyDirect Competitor29.63B142.4420.1826.95%7.75%10.43%2.16
ED logoEDConsolidated Edison, Inc.Direct Competitor25.17B106.8718.9510.89%12.26%8.42%0.01
SO logoSOThe Southern CompanyDirect Competitor105.41B93.5123.8510.59%14.46%11.3%1.69
D logoDDominion Energy, Inc.Direct Competitor54.18B61.6417.8714.16%13.48%7.08%1.46
AEP logoAEPAmerican Electric Power Company, Inc.Direct Competitor72.04B132.5319.909.37%16.49%11.45%1.56
XEL logoXELXcel Energy Inc.Direct Competitor50.28B80.5523.559.14%14.14%9.34%1.47
WEC logoWECWEC Energy Group, Inc.Direct Competitor37.11B113.9423.5913.96%16.25%11.64%1.59
NI logoNINiSource Inc.Product Competitor22.72B47.4824.3521.76%14.1%8.4%1.39

Compare DTB vs Peers

DTE Energy Company 2020 Series (DTB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DTE

Most directly comparable listed peer for DTB.

Scale Benchmark

vs NEE

Larger-name benchmark to compare DTB against a more recognizable public peer.

Peer Set

Compare Top 5

vs DTE, ED, SO, D

DTB Income Statement

DTE Energy Company 2020 Series (DTB) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue12.58B14.2B12.17B11.53B14.96B19.23B12.74B12.46B15.28B
Revenue Growth %17.13%12.91%-14.3%-5.28%29.83%28.48%-33.71%-2.26%22.67%
Cost of Revenue10.56B12.09B9.15B9.46B11.63B16.92B8.42B2.26B12.7B
Gross Profit
2.02B▲ 0%
2.11B▲ 4.6%
3.02B▲ 43.3%
2.07B▼ 31.4%
3.34B▲ 61.2%
2.31B▼ 30.9%
4.33B▲ 87.6%
10.2B▲ 135.6%
2.58B▼ 74.7%
Gross Margin %16.02%14.84%24.81%17.96%22.29%11.99%33.95%81.84%16.88%
Gross Profit Growth %4.35%4.57%43.28%-31.43%61.16%-30.88%87.64%135.61%-74.7%
Operating Expenses391M405M1.59B395M1.84B457M2.08B8.1B529M
Other Operating Expenses---------
EBITDA2.71B2.87B2.31B3B2.53B3.36B3.38B3.82B3.96B
EBITDA Margin %21.53%20.22%18.98%26.06%16.88%17.47%26.48%30.69%25.9%
EBITDA Growth %4.32%6.06%-19.54%30.04%-15.91%32.98%0.48%13.27%3.53%
Depreciation & Amortization1.08B1.17B880M1.33B1.03B1.51B1.13B1.73B1.91B
D&A / Revenue %8.61%8.23%7.23%11.53%6.89%7.85%8.88%13.9%12.49%
Operating Income (EBIT)
1.62B▲ 0%
1.7B▲ 4.8%
1.43B▼ 16.0%
1.68B▲ 17.1%
1.5B▼ 10.7%
1.85B▲ 23.7%
2.24B▲ 21.3%
2.09B▼ 6.8%
2.05B▼ 2.0%
Operating Margin %12.91%11.99%11.75%14.53%9.99%9.62%17.6%16.79%13.42%
Operating Income Growth %4.04%4.8%-15.98%17.13%-10.75%23.68%21.31%-6.78%-1.96%
Interest Expense524M547M680M637M669M717M853M951M1.06B
Interest Coverage3.48x3.24x2.07x2.64x2.26x2.49x2.64x2.44x1.94x
Interest / Revenue %4.17%3.85%5.59%5.53%4.47%3.73%6.69%7.63%6.91%
Non-Operating Income-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K
Pretax Income
1.29B▲ 0%
1.22B▼ 5.5%
1.01B▼ 16.7%
1.08B▲ 6.8%
656M▼ 39.4%
1.11B▲ 69.5%
1.57B▲ 40.8%
1.37B▼ 12.5%
1.55B▲ 13.1%
Pretax Margin %10.23%8.56%8.33%9.39%4.38%5.78%12.29%11%10.14%
Income Tax175M98M71M37M-130M29M169M-34M88M
Effective Tax Rate %13.6%8.06%7.01%3.42%-19.82%2.61%10.79%-2.48%5.68%
Net Income
1.13B▲ 0%
1.12B▼ 1.2%
1.17B▲ 4.6%
1.37B▲ 16.9%
907M▼ 33.6%
1.08B▲ 19.1%
1.4B▲ 29.4%
1.4B▲ 0.5%
1.46B▲ 4.1%
Net Margin %9%7.87%9.61%11.85%6.06%5.62%10.96%11.27%9.57%
Net Income Growth %30.72%-1.24%4.56%16.85%-33.6%19.07%29.35%0.5%4.13%
EPS (Diluted)
6.32▲ 0%
6.18▼ 2.2%
6.31▲ 2.1%
7.08▲ 12.2%
4.67▼ 34.0%
5.51▲ 18.0%
6.77▲ 22.9%
6.78▲ 0.1%
7.06▲ 4.1%
EPS Growth %30.58%-2.22%2.1%12.2%-34.04%17.99%22.87%0.15%4.13%
EPS (Basic)6.326.186.317.084.695.546.776.787.06
Diluted Shares Outstanding179M181M185M193M194M196M206M207M207M

DTB Balance Sheet

DTE Energy Company 2020 Series (DTB) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets33.77B36.29B42.27B45.5B39.72B42.68B44.76B48.84B54.07B
Asset Growth %5.39%7.47%16.48%7.64%-12.7%7.46%4.85%9.13%10.7%
PP&E (Net)20.72B21.65B25.49B24.61B27.04B28.86B28.3B00
PP&E / Total Assets %61.36%59.66%60.3%54.08%68.08%67.61%63.24%0%0%
Total Current Assets3.08B3.26B3.09B3.5B3.32B4.18B3.54B3.61B4.35B
Cash & Equivalents89M76M93M474M35M43M51M88M250M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory779M811M759M708M858M942M1.05B00
Other Current Assets478M589M347M649M736M1.16B647M1.69B1.95B
Long-Term Investments2.92B3.46B4.03B2.53B2.85B2.59B2.9B3.54B4.41B
Goodwill2.29B2.29B2.46B1.99B1.99B1.99B1.99B1.99B1.99B
Intangible Assets867M849M2.39B199M177M166M156M144M188M
Other Assets2B2.8B4.81B9.85B2.18B4.87B7.86B39.56B43.13B
Total Liabilities23.78B25.57B30.43B32.91B31.01B32.28B33.7B37.14B41.76B
Total Debt12.91B14.24B17.61B19.61B18.25B19.24B20.97B23.24B26.52B
Net Debt12.83B14.17B17.52B19.13B18.22B19.2B20.92B23.22B26.27B
Long-Term Debt12.18B12.13B15.92B18.98B14.51B16.86B17.41B20.67B24.01B
Short-Term Borrowings725M2.1B1.55B500M3.62B2.28B3.44B2.36B2.27B
Capital Lease Obligations6M11M138M130M115M100M121M211M249M
Total Current Liabilities2.81B4.44B4B2.69B6.35B5.17B5.88B5.11B5.41B
Accounts Payable1.17B1.33B1.08B1B1.41B1.6B1.36B1.39B1.75B
Accrued Expenses111M127M0158M140M154M000
Deferred Revenue158M172M379M210M171M2.39B000
Other Current Liabilities642M874M994M800M975M-1.28B1.08B1.33B1.39B
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Liabilities8.78B9B7.89B9.06B7.89B7.77B7.64B8.22B8.69B
Total Equity
9.99B▲ 0%
10.72B▲ 7.3%
11.84B▲ 10.4%
12.59B▲ 6.4%
8.71B▼ 30.8%
10.4B▲ 19.4%
11.05B▲ 6.3%
11.7B▲ 5.9%
12.31B▲ 5.2%
Equity Growth %5.17%7.28%10.44%6.36%-30.79%19.37%6.29%5.87%5.16%
Shareholders Equity9.51B10.24B11.67B12.43B8.71B10.4B11.05B11.7B12.3B
Minority Interest478M480M164M164M8M4M5M5M5M
Common Stock3.99B4.25B5.23B5.41B5.38B6.65B6.71B6.78B6.86B
Additional Paid-in Capital000000000
Retained Earnings5.64B6.11B6.59B7.16B3.44B3.81B4.4B4.95B5.48B
Accumulated OCI-120M-120M-148M-137M-112M-62M-67M-26M-39M
Return on Assets (ROA)3.44%3.19%2.98%3.11%2.13%2.62%3.2%3%2.84%
Return on Equity (ROE)11.62%10.8%10.37%11.19%8.52%11.3%13.02%12.34%12.18%
Debt / Equity1.29x1.33x1.49x1.56x2.09x1.85x1.90x1.99x2.16x
Debt / Assets38.25%39.25%41.66%43.1%45.95%45.08%46.86%47.59%49.06%
Net Debt / EBITDA4.74x4.93x7.58x6.37x7.21x5.72x6.20x6.07x6.64x
Book Value per Share55.8159.2163.9865.2344.9153.0753.6756.5459.46

DTB Cash Flow Statement

DTE Energy Company 2020 Series (DTB) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations2.13B2.69B2.66B3.72B3.08B1.99B3.25B3.67B3.43B
Operating CF Growth %1.53%26.42%-1.12%39.94%-17.09%-35.4%62.82%13.19%-6.7%
Operating CF / Revenue %16.91%18.94%21.85%32.28%20.62%10.37%25.46%29.49%22.43%
Net Income1.13B1.12B1.17B1.37B907M1.08B1.39B1.4B1.46B
Depreciation & Amortization1.08B1.17B1.32B1.33B1.44B1.51B1.67B1.79B1.91B
Deferred Taxes196M114M329M407M-32M44M181M194M358M
Other Non-Cash Items2.27B2.22B-17M153M423M-59M2M-37M-79M
Working Capital Changes-261M336M-214M401M281M-644M3M328M-219M
Capital Expenditures-2.25B-2.71B-6B-3.86B-3.77B-3.38B-3.93B-4.47B-4.43B
CapEx / Revenue %17.89%19.11%49.34%33.46%25.21%17.57%30.87%35.86%28.98%
CapEx / D&A2.08x2.32x4.54x2.90x2.63x2.24x2.36x2.50x2.32x
CapEx Coverage (OCF/CapEx)0.95x0.99x0.44x0.96x0.82x0.59x0.82x0.82x0.77x
Cash from Investing-2.52B-3.3B-6B-4.06B-3.84B-3.44B-4.12B-4.98B-5.32B
Acquisitions50M53M-2.73B-77M47M27M5M46M-178M
Purchase of Investments-1.52B-1.82B-943M-2.39B-1.05B-891M-705M-1.64B-720M
Sale of Investments1.24B1.2B788M2.35B1.05B879M681M1.6B717M
Other Investing-37M-21M-120M-87M-105M-81M-165M-529M-712M
Cash from Financing371M601M3.36B760M271M1.46B881M1.34B2.06B
Dividends Paid-592M-620M-692M-760M-791M-685M-752M-810M-871M
Dividend Payout Ratio %52.3%55.46%59.2%55.64%87.21%63.43%53.83%57.69%59.58%
Debt Issuance (Net)1000K1000K1000K1000K1000K1000K1000K1000K1000K
Stock Issued002.29B2M01.3B000
Share Repurchases-51M000-66M-55M000
Other Financing-121M-106M-138M-502M-527M-89M-39M-23M-25M
Net Change in Cash
-24M▲ 0%
-13M▲ 45.8%
17M▲ 230.8%
381M▲ 2141.2%
-439M▼ 215.2%
8M▲ 101.8%
8M▲ 0.0%
37M▲ 362.5%
162M▲ 337.8%
Exchange Rate Effect000-42M42M0000
Cash at Beginning113M89M76M93M474M35M43M51M88M
Cash at End89M76M93M474M35M43M51M88M250M
Free Cash Flow
-123M▲ 0%
-24M▲ 80.5%
-3.35B▼ 13837.5%
-136M▲ 95.9%
-687M▼ 405.1%
-1.39B▼ 101.6%
-689M▲ 50.3%
-794M▼ 15.2%
-1B▼ 26.2%
FCF Growth %89.67%80.49%-13837.5%95.93%-405.15%-101.6%50.25%-15.24%-26.2%
FCF Margin %-0.98%-0.17%-27.49%-1.18%-4.59%-7.2%-5.41%-6.37%-6.56%
FCF / Net Income %-10.87%-2.15%-286.14%-9.96%-75.74%-128.24%-49.32%-56.55%-68.54%

DTB Key Ratios

DTE Energy Company 2020 Series (DTB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)9.47%11.62%10.8%10.37%11.19%8.52%11.3%13.02%12.34%12.18%
EBITDA Margin24.17%21.53%20.22%18.98%26.06%16.88%17.47%26.48%30.69%25.9%
Net Debt / EBITDA4.50x4.74x4.93x7.58x6.37x7.21x5.72x6.20x6.07x6.64x
Interest Coverage3.49x3.48x3.24x2.07x2.64x2.26x2.49x2.64x2.44x1.94x
CapEx / Revenue30.6%17.89%19.11%49.34%33.46%25.21%17.57%30.87%35.86%28.98%
Dividend Payout Ratio61.32%52.3%55.46%59.2%55.64%87.21%63.43%53.83%57.69%59.58%
Debt / Equity1.24x1.29x1.33x1.49x1.56x2.09x1.85x1.90x1.99x2.16x
EPS Growth19.51%30.58%-2.22%2.1%12.2%-34.04%17.99%22.87%0.15%4.13%

DTB SEC Filings & Documents

DTE Energy Company 2020 Series (DTB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 23, 2026·SEC

Material company update

Mar 17, 2026·SEC

Material company update

Mar 9, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 13, 2025·SEC

10-Q Quarterly Reports

4
FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 29, 2025·SEC

FY 2025

May 1, 2025·SEC

DTB Frequently Asked Questions

DTE Energy Company 2020 Series (DTB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

DTE Energy Company 2020 Series (DTB) reported $15.28B in revenue for fiscal year 2025. This represents a 125% increase from $6.79B in 2001.

DTE Energy Company 2020 Series (DTB) grew revenue by 22.7% over the past year. This is strong growth.

Yes, DTE Energy Company 2020 Series (DTB) is profitable, generating $1.46B in net income for fiscal year 2025 (9.6% net margin).

Dividend & Returns

Yes, DTE Energy Company 2020 Series (DTB) pays a dividend with a yield of 24.62%. This makes it attractive for income-focused investors.

DTE Energy Company 2020 Series (DTB) has a return on equity (ROE) of 12.2%. This is reasonable for most industries.

DTE Energy Company 2020 Series (DTB) had negative free cash flow of $1.00B in fiscal year 2025, likely due to heavy capital investments.

Industry Metrics

DTE Energy Company 2020 Series (DTB) has a dividend payout ratio of 60%. This suggests the dividend is well-covered and sustainable.

Explore More DTB

DTE Energy Company 2020 Series (DTB) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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