DTE Energy (DTE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

DTE Energy

NYSE•Utilities•Utilities - Regulated Electric

$130.70+0.30(<0.01%)Pre-market

Market Cap

$27.07B

P/E

20.6x

P/S

1.6x

P/B

2.2x

DTE Energy Company engages in energy-related businesses and services. The company operates through four segments: Electric, Gas, DTE Vantage, and Energy Trading.The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, natural gas plant, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates 702 distribution substations with a capacity of approximately 37,870,000 kilovolt-amperes (kVA) and approximately 4,56,900 line transformers with a capacity of approximately 33,770,000 kVA. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.4 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 21,000 miles of distribution mains; 1,242,000 service pipelines; and 1,361,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power generation, steam production, chilled water production, and wastewater treatment services, as well as compressed air supply to industrial customers. This segment also owns and operates 2 renewable generating plants with a capacity of 70 MWs; and 22 gas recovery sites. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1849 and is based in Detroit, Michigan.

How this company scores

AverageMetricSide Score: 43/100

Strongest: Growth (18/25); weakest: Cash & Earnings Quality (3/25).

Profitability15/25

Growth18/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality3/25

Strengths

Growing revenueConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.6x5y range 16.3x – 31.9x

Currently near its 20-quarter median.

P/S · 1.6x5y range 1.2x – 2.1x

Currently near its 20-quarter median.

P/B · 2.2x5y range 1.9x – 2.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 9.0% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $27.07B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $16.46B
Q. Revenue: $3.37B
TTM EBITDA: $5.03B
TTM Op. Income: $2.19B
Q. Op. Income: $458.00M
TTM Net Income: $1.32B
Q. Net Income: $282.00M
EPS: $1.35
Shares Out.: $208.00M

$16.46B in TTM revenue grew 15.9% YoY, reaching $3.37B last quarter. TTM EBITDA of $5.03B and TTM operating income of $2.19B show growth is flowing through to the bottom line. TTM net income of $1.32B means revenue is converting into profit. Over the past year, TTM revenue is up 16% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 28.4%
Op. Margin: 13.6%
Net Margin: 8.4%

Op. margin of 13.6% is up 1.1% YoY — cost efficiency is improving. Net margin at 8.4% Over the past year, operating margin is up 9% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 20.6x
P/S Ratio: 1.6x
P/B Ratio: 2.2x

At 20.6x P/E, the stock trades within typical market levels. P/S of 1.6x and P/B of 2.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 8% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $56.23B
Cash: $42.00M
Long-Term Debt: $25.89B
Book Value: $12.15B
D/E Ratio: 2.1
Debt/EBITDA: 27.1

With $56.23B in assets and $25.89B in long-term debt, D/E is 2.1and book value is $12.15B — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $773.00M
TTM Free Cash Flow: $-4.00B
FCF Margin: -24.3%
FCF / Net Income: -3.0

TTM FCF of $-4.00B on $773.00M in operating cash flow. The FCF / Net Income ratio of -3.0x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 7 consecutive quarters — a weakening trend.