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DTBDTE Energy Company 2020 Series
$17.01$3.5B
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DTB logoDTE Energy Company 2020 Series(DTB)Earnings, Financials & Key Ratios

DTB•NYSE•Utilities
2.4× P/E·Price updated Jun 19, 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%

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.

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DTB Price & Volume

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

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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
Metric
Actual
Est
EPS
$0.01-99.7%
$2.08
Rev
$5.1B+9.7%
$4.7B
Q1 2026
Feb 17, 2026
Metric
Actual
Est
EPS
$1.65+8.6%
$1.52
Rev
$4.4B+30.7%
$3.4B
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$2.02-4.3%
$2.11
Rev
$3.5B+8.9%
$3.2B
Q3 2025
Jul 29, 2025
Metric
Actual
Est
EPS
$1.11-20.7%
$1.40
Rev
$3.4B+23.3%
$2.8B
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
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
DTE logoDTEDTE Energy CompanyDirect Competitor30.7B147.5620.9026.95%7.75%10.43%2.16
ED logoEDConsolidated Edison, Inc.Direct Competitor39.2B106.3618.8610.89%12.52%8.82%1.19
SO logoSOThe Southern CompanyDirect Competitor104.94B93.0923.7510.59%14.46%11.3%1.69
D logoDDominion Energy, Inc.Direct Competitor60.12B68.4019.8214.16%13.48%7.08%1.46
AEP logoAEPAmerican Electric Power Company, Inc.Direct Competitor69.48B127.6919.179.37%16.49%11.45%1.56
XEL logoXELXcel Energy Inc.Direct Competitor48.32B77.4122.639.14%14.14%9.34%1.47
WEC logoWECWEC Energy Group, Inc.Direct Competitor36.54B112.1723.2213.96%16.25%11.64%1.59
NI logoNINiSource Inc.Product Competitor22.66B47.2624.2421.76%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
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue
12.58B14.2B12.17B11.53B14.96B19.23B12.74B12.46B15.28B
Revenue Growth %
17.13%12.91%-14.3%-5.28%29.83%28.48%-33.71%-2.26%22.67%
Cost of Revenue
10.56B12.09B9.15B9.46B11.63B16.92B8.42B2.26B12.7B
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 Expenses
391M405M1.59B395M1.84B457M2.08B8.1B529M
Other Operating Expenses
---------
EBITDA
2.71B2.87B2.31B3B2.53B3.36B3.38B3.82B3.96B
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 & Amortization
1.08B1.17B880M1.33B1.03B1.51B1.13B1.73B1.91B
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 Expense
524M547M680M637M669M717M853M951M1.06B
Interest Coverage
3.48x3.24x2.07x2.64x2.26x2.49x2.64x2.44x1.94x
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 Tax
175M98M71M37M-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 Outstanding
179M181M185M193M194M196M206M207M207M

DTB Balance Sheet

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets
33.77B36.29B42.27B45.5B39.72B42.68B44.76B48.84B54.07B
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 Assets
3.08B3.26B3.09B3.5B3.32B4.18B3.54B3.61B4.35B
Cash & Equivalents
89M76M93M474M35M43M51M88M250M
Receivables
1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory
779M811M759M708M858M942M1.05B00
Other Current Assets
478M589M347M649M736M1.16B647M1.69B1.95B
Long-Term Investments
2.92B3.46B4.03B2.53B2.85B2.59B2.9B3.54B4.41B
Goodwill
2.29B2.29B2.46B1.99B1.99B1.99B1.99B1.99B1.99B
Intangible Assets
867M849M2.39B199M177M166M156M144M188M
Other Assets
2B2.8B4.81B9.85B2.18B4.87B7.86B39.56B43.13B
Total Liabilities
23.78B25.57B30.43B32.91B31.01B32.28B33.7B37.14B41.76B
Total Debt
12.91B14.24B17.61B19.61B18.25B19.24B20.97B23.24B26.52B
Net Debt
12.83B14.17B17.52B19.13B18.22B19.2B20.92B23.22B26.27B
Long-Term Debt
12.18B12.13B15.92B18.98B14.51B16.86B17.41B20.67B24.01B
Short-Term Borrowings
725M2.1B1.55B500M3.62B2.28B3.44B2.36B2.27B
Capital Lease Obligations
6M11M138M130M115M100M121M211M249M
Total Current Liabilities
2.81B4.44B4B2.69B6.35B5.17B5.88B5.11B5.41B
Accounts Payable
1.17B1.33B1.08B1B1.41B1.6B1.36B1.39B1.75B
Accrued Expenses
111M127M0158M140M154M000
Deferred Revenue
158M172M379M210M171M2.39B000
Other Current Liabilities
642M874M994M800M975M-1.28B1.08B1.33B1.39B
Deferred Taxes
1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Liabilities
8.78B9B7.89B9.06B7.89B7.77B7.64B8.22B8.69B
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 Equity
9.51B10.24B11.67B12.43B8.71B10.4B11.05B11.7B12.3B
Minority Interest
478M480M164M164M8M4M5M5M5M
Common Stock
3.99B4.25B5.23B5.41B5.38B6.65B6.71B6.78B6.86B
Additional Paid-in Capital
000000000
Retained Earnings
5.64B6.11B6.59B7.16B3.44B3.81B4.4B4.95B5.48B
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 / Equity
1.29x1.33x1.49x1.56x2.09x1.85x1.90x1.99x2.16x
Debt / Assets
38.25%39.25%41.66%43.1%45.95%45.08%46.86%47.59%49.06%
Net Debt / EBITDA
4.74x4.93x7.58x6.37x7.21x5.72x6.20x6.07x6.64x
Book Value per Share
55.8159.2163.9865.2344.9153.0753.6756.5459.46

DTB Cash Flow Statement

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations
2.13B2.69B2.66B3.72B3.08B1.99B3.25B3.67B3.43B
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 Income
1.13B1.12B1.17B1.37B907M1.08B1.39B1.4B1.46B
Depreciation & Amortization
1.08B1.17B1.32B1.33B1.44B1.51B1.67B1.79B1.91B
Deferred Taxes
196M114M329M407M-32M44M181M194M358M
Other Non-Cash Items
2.27B2.22B-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&A
2.08x2.32x4.54x2.90x2.63x2.24x2.36x2.50x2.32x
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
Acquisitions
50M53M-2.73B-77M47M27M5M46M-178M
Purchase of Investments
-1.52B-1.82B-943M-2.39B-1.05B-891M-705M-1.64B-720M
Sale of Investments
1.24B1.2B788M2.35B1.05B879M681M1.6B717M
Other Investing
-37M-21M-120M-87M-105M-81M-165M-529M-712M
Cash from Financing
371M601M3.36B760M271M1.46B881M1.34B2.06B
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 Issued
002.29B2M01.3B000
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 Effect
000-42M42M0000
Cash at Beginning
113M89M76M93M474M35M43M51M88M
Cash at End
89M76M93M474M35M43M51M88M250M
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 Margin
24.17%21.53%20.22%18.98%26.06%16.88%17.47%26.48%30.69%25.9%
Net Debt / EBITDA
4.50x4.74x4.93x7.58x6.37x7.21x5.72x6.20x6.07x6.64x
Interest Coverage
3.49x3.48x3.24x2.07x2.64x2.26x2.49x2.64x2.44x1.94x
CapEx / Revenue
30.6%17.89%19.11%49.34%33.46%25.21%17.57%30.87%35.86%28.98%
Dividend Payout Ratio
61.32%52.3%55.46%59.2%55.64%87.21%63.43%53.83%57.69%59.58%
Debt / Equity
1.24x1.29x1.33x1.49x1.56x2.09x1.85x1.90x1.99x2.16x
EPS Growth
19.51%30.58%-2.22%2.1%12.2%-34.04%17.99%22.87%0.15%4.13%
Related:DTB Dividend History·DTB Revenue History·DTB Price History·DTB P/E History·DTB Financial Ratios·DTB Institutional Holders

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 24.74%. 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.

What if you invested $1,000 in DTB back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

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How much would $100/month in DTB be worth today?

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