DTE FY 2025 Earnings Report — DTE Energy Company Revenue & Financial Results | Market Cap Arena

DTE Energy CompanyDTE

FY 2025 Earnings

Reported February 17, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$15.8B	—	$12.5B	—	26.9%
Op. Income	$2.4B	—	$2.1B	—	13.5%
Gross Margin	84.9%	—	34.8%	—	50.1pp
Net Margin	9.2%	—	11.2%	—	-2.0pp
EPS (Diluted)	$7.06	—	$6.77	—	4.3%
Free Cash Flow	-$1.0B	—	-$824M	—	-21.6%

Revenue Flow

Item	Amount
REVENUE	$15.8B
Cost of Revenue	$2.4B
GROSS PROFIT	$13.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$11.1B
Operating Expenses	$11.1B
Cost & Expenses	$13.4B
OPERATING INCOME	$2.4B
Interest Income	$120M
Interest Expense	$1.1B
Other Income/Expenses	-$824M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$88M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$1.9B
EBIT	$2.0B
EBITDA	$4.0B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$15.8B
Cost of Revenue	$2.4B
GROSS PROFIT	$13.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$11.1B
Operating Expenses	$11.1B
Cost & Expenses	$13.4B
OPERATING INCOME	$2.4B
Interest Income	$120M
Interest Expense	$1.1B
Other Income/Expenses	-$824M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$88M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$1.9B
EBIT	$2.0B
EBITDA	$4.0B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$1.9B
Stock-Based Compensation	$0
Deferred Income Tax	$358M
Other Non-Cash Items	-$79M
Change in Working Capital	-$219M
OPERATING CASH FLOW	$3.4B
Capital Expenditure	-$4.4B
Acquisitions (Net)	-$178M
Purchases of Investments	-$720M
Sales/Maturities of Investments	$717M
Other Investing Activities	-$712M
NET CASH FROM INVESTING	-$5.3B
Net Debt Issuance	$3.0B
Common Stock Repurchased	$0
Common Dividends Paid	-$871M
Other Financing Activities	-$25M
NET CASH FROM FINANCING	$2.1B
FREE CASH FLOW	-$1.0B
Net Change in Cash	$162M

Balance Sheet

Item	Amount
Cash & Equivalents	$250M
Short-Term Investments	$0
Net Receivables	$2.1B
Inventory	$0
Other Current Assets	$1.9B
TOTAL CURRENT ASSETS	$4.3B
PP&E (Net)	$0
Goodwill	$2.0B
Intangible Assets	$188M
Long-Term Investments	$4.4B
Tax Assets	$0
Other Non-Current Assets	$43.1B
TOTAL NON-CURRENT ASSETS	$49.7B
TOTAL ASSETS	$54.1B
Account Payables	$1.8B
Short-Term Debt	$2.3B
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$5.4B
Long-Term Debt	$24.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.4B
Other Non-Current Liabilities	$8.7B
TOTAL NON-CURRENT LIABILITIES	$36.3B
TOTAL LIABILITIES	$41.8B
Common Stock	$6.9B
Additional Paid-In Capital	$0
Retained Earnings	$5.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$39M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.3B
Minority Interest	$5M
TOTAL EQUITY	$12.3B
TOTAL LIABILITIES & EQUITY	$54.1B
Total Debt	$26.5B
Net Debt	$26.3B