financial statements

The full income statement, balance sheet, and cash-flow statement for DTE Energy Company (DTE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

See the live DTE chart & snapshot →

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Amortization of intangibles	18.0M YoY+12.5%	16.0M YoY+6.7%	15.0M YoY-6.3%	16.0M YoY+0.0%	16.0M YoY+0.0%
Operating income	2.37B YoY+13.5%	2.09B YoY-6.8%	2.24B YoY+28.3%	1.75B YoY+16.9%	1.50B YoY-3.9%
Interest expense	1.06B YoY+11.0%	951M YoY+20.2%	791M YoY+17.2%	675M YoY+7.1%	630M YoY+4.8%
Interest & investment income	103M YoY-24.3%	136M YoY+138.6%	57.0M YoY+23.9%	46.0M YoY+109.1%	22.0M YoY-24.1%
Other non-operating income	-824M YoY-14.3%	-721M YoY-6.5%	-677M YoY-6.4%	-636M YoY+24.2%	-839M YoY-77.4%
Equity-method income	47.0M YoY+213.3%	15.0M YoY+400.0%	3.00M YoY+121.4%	-14.0M YoY-136.8%	38.0M YoY+46.2%
Pre-tax income	1.55B YoY+13.1%	1.37B YoY-12.5%	1.57B YoY+40.8%	1.11B YoY+69.5%	656M YoY-39.4%
Income tax	88.0M YoY+358.8%	-34.0M YoY-120.1%	169M YoY+482.8%	29.0M YoY+122.3%	-130M YoY-451.4%
	1.46B YoY+4.1%	1.40B YoY+0.5%	1.40B YoY+29.0%	1.08B YoY+19.4%	907M YoY-33.7%
Income from continuing operations	—	1.40B YoY+0.5%	1.40B YoY+29.0%	1.08B YoY+36.1%	796M YoY-24.5%
Discontinued operations	—	—	0.00	0.00 YoY-100.0%	117M YoY-64.1%
Net income to common	1.46B YoY+4.1%	1.40B YoY+0.5%	1.39B YoY+29.1%	1.08B YoY+19.3%	905M YoY-33.7%
	$7.03 YoY+3.8%	$6.77 YoY+0.1%	$6.76 YoY+22.5%	$5.52 YoY+18.2%	$4.67 YoY-34.0%
EPS (basic)	$7.04 YoY+3.8%	$6.78 YoY+0.1%	$6.77 YoY+22.4%	$5.53 YoY+18.2%	$4.68 YoY-34.0%
Weighted-avg shares (basic)	207M YoY+0.0%	207M YoY+0.5%	206M YoY+5.6%	195M YoY+1.0%	193M YoY+0.0%
Weighted-avg shares (diluted)	207M YoY+0.0%	207M YoY+0.5%	206M YoY+5.1%	196M YoY+1.0%	194M YoY+0.5%
Dividends per share	$4.44 YoY+7.0%	$4.15 YoY+7.0%	$3.88 YoY+7.5%	$3.61 YoY-7.0%	$3.88 YoY-5.8%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.35B YoY+20.5%	3.61B YoY+1.9%	3.54B YoY-15.3%	4.18B YoY+26.0%	3.32B YoY-5.2%
Cash & equivalents	208M YoY+766.7%	24.0M YoY-7.7%	26.0M YoY-21.2%	33.0M YoY+17.9%	28.0M YoY-94.1%
Accounts receivable	2.03B YoY+20.2%	1.69B YoY+3.6%	1.63B YoY-19.9%	2.04B YoY+20.2%	1.70B YoY+9.9%
Other current assets	261M YoY+11.1%	235M YoY-2.9%	242M YoY+3.0%	235M YoY+7.8%	218M YoY+17.8%
	54.1B YoY+10.7%	48.8B YoY+9.1%	44.8B YoY+4.9%	42.7B YoY+7.5%	39.7B YoY-12.7%
Property, plant & equipment	33.7B YoY+8.9%	30.9B YoY+9.7%	28.2B YoY-2.1%	28.8B YoY+6.8%	26.9B YoY+10.0%
Operating lease right-of-use	271M YoY+44.1%	188M YoY+42.4%	132M YoY+48.3%	89.0M YoY-8.2%	97.0M YoY-9.3%
Goodwill	1.99B YoY+0.0%	1.99B YoY+0.0%	1.99B YoY+0.0%	1.99B YoY+0.0%	1.99B YoY+0.0%
Intangible assets	188M YoY+30.6%	144M YoY-7.7%	156M YoY-6.0%	166M YoY-6.2%	177M YoY-11.1%
Long-term investments	2.87B YoY+12.0%	2.56B YoY+7.8%	2.38B YoY+10.2%	2.15B YoY-12.1%	2.45B YoY+10.1%
Other non-current assets	13.2B YoY+12.0%	11.8B YoY+10.4%	10.7B YoY+40.8%	7.58B YoY+8.2%	7.01B YoY-54.1%
Total non-current assets	7.93B YoY+0.0%	7.93B YoY+0.0%	7.93B YoY+0.0%	7.93B YoY+0.0%	7.93B YoY+0.0%
	5.41B YoY+5.9%	5.11B YoY-13.2%	5.88B YoY+13.7%	5.17B YoY-18.5%	6.35B YoY+135.8%
Accounts payable	1.75B YoY+26.4%	1.39B YoY+1.9%	1.36B YoY-15.1%	1.60B YoY+13.4%	1.41B YoY+41.4%
Accrued liabilities	135M YoY+0.0%	135M YoY+0.0%	135M YoY+0.0%	135M YoY+0.0%	135M YoY+0.0%
Deferred revenue	260M YoY+92.6%	135M	—	—	—
Short-term & current debt	882M YoY-17.3%	1.07B YoY-16.8%	1.28B YoY+10.4%	1.16B YoY+53.3%	758M YoY+1894.7%
Current lease liability	32.0M YoY+52.4%	21.0M YoY+23.5%	17.0M YoY+30.8%	13.0M YoY-7.1%	14.0M YoY-12.5%
Other current liabilities	678M YoY+15.7%	586M YoY+29.6%	452M YoY-16.9%	544M YoY-6.4%	581M YoY-2.2%
Long-term debt	25.3B YoY+14.3%	22.1B YoY+12.3%	19.7B YoY+8.7%	18.1B YoY+3.5%	17.5B YoY-10.6%
Non-current lease liability	235M YoY+40.7%	167M YoY+54.6%	108M YoY+58.8%	68.0M YoY-8.1%	74.0M YoY-10.8%
Deferred tax liabilities	3.40B YoY+14.9%	2.96B YoY+11.7%	2.65B YoY+10.7%	2.39B YoY+10.7%	2.16B YoY+4.5%
Other non-current liabilities	12.6B YoY+10.7%	11.3B YoY+9.1%	10.4B YoY+1.6%	10.2B YoY+1.1%	10.1B YoY-9.7%
Total non-current liabilities	9.72B YoY+0.0%	9.72B YoY+0.0%	9.72B YoY+0.0%	9.72B YoY+0.0%	9.72B YoY+0.0%
	12.3B YoY+5.2%	11.7B YoY+5.9%	11.1B YoY+6.3%	10.4B YoY+19.4%	8.71B YoY-29.9%
Common stock	6.86B YoY+1.2%	6.78B YoY+1.0%	6.71B YoY+0.9%	6.65B YoY+23.6%	5.38B YoY-0.5%
Retained earnings	5.48B YoY+10.9%	4.95B YoY+12.3%	4.40B YoY+15.7%	3.81B YoY+10.8%	3.44B YoY-52.0%
Accumulated other comprehensive income	-39.0M YoY-50.0%	-26.0M YoY+61.2%	-67.0M YoY-8.1%	-62.0M YoY+44.6%	-112M YoY+18.2%
Non-controlling interest	5.00M YoY+0.0%	5.00M YoY+0.0%	5.00M YoY+25.0%	4.00M YoY-50.0%	8.00M YoY-95.1%
Total equity incl. non-controlling	12.3B YoY+5.2%	11.7B YoY+5.9%	11.1B YoY+6.3%	10.4B YoY+19.4%	8.71B YoY-30.8%
Total liabilities & equity	54.1B YoY+10.7%	48.8B YoY+9.1%	44.8B YoY+4.9%	42.7B YoY+7.5%	39.7B YoY-12.7%
Common shares issued	208M YoY+0.3%	207M YoY+0.4%	206M YoY+0.4%	206M YoY+6.1%	194M YoY-0.0%
Common shares outstanding	208M YoY+0.3%	207M YoY+0.4%	206M YoY+0.4%	206M YoY+6.1%	194M YoY-0.0%
Shares outstanding (cover)	208M YoY+0.3%	207M YoY+0.4%	206M YoY+6.5%	194M YoY+0.0%	194M YoY+0.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	3.41B YoY-6.4%	3.64B YoY+13.1%	3.22B YoY+62.9%	1.98B YoY-35.5%	3.07B YoY-17.0%
Depreciation & amortization	1.84B YoY+6.3%	1.73B YoY+7.8%	1.61B YoY+9.4%	1.47B YoY+6.6%	1.38B YoY+6.6%
Deferred income taxes	358M YoY+84.5%	194M YoY+7.2%	181M YoY+311.4%	44.0M YoY+151.8%	-85.0M YoY-130.1%
Change in inventory	127M YoY-33.5%	191M YoY+73.6%	110M YoY+12.2%	98.0M YoY-35.9%	153M YoY+440.0%
Change in payables	255M YoY+466.7%	45.0M YoY+114.7%	-306M YoY-380.7%	109M YoY-64.6%	308M
	-5.30B YoY-7.1%	-4.95B YoY-20.9%	-4.09B YoY-19.4%	-3.43B YoY+11.2%	-3.86B YoY+5.1%
Acquisitions	210M	0.00	0.00	0.00	0.00 YoY-100.0%
Other investing activities	134M YoY+67.5%	80.0M YoY+1.3%	79.0M YoY+54.9%	51.0M YoY+64.5%	31.0M YoY+1450.0%
	2.06B YoY+52.9%	1.34B YoY+52.3%	883M YoY-39.6%	1.46B YoY+364.1%	315M YoY-60.4%
Long-term debt issued	4.43B YoY-2.3%	4.53B YoY+43.1%	3.17B YoY+45.9%	2.17B YoY-51.3%	4.46B YoY+20.7%
Long-term debt repaid	1.29B YoY-39.6%	2.14B YoY+32.4%	1.62B YoY+1.8%	1.59B YoY-54.9%	3.52B YoY+299.3%
Net short-term debt	-185M YoY+14.4%	-216M YoY-278.5%	121M YoY-70.0%	404M YoY-43.9%	720M
Common stock issued	—	0.00	0.00 YoY-100.0%	1.30B	0.00 YoY-100.0%
Common stock repurchased	—	0.00	0.00 YoY-100.0%	55.0M YoY-16.7%	66.0M
Dividends paid	871M YoY+7.5%	810M YoY+7.7%	752M YoY+9.8%	685M YoY-13.4%	791M YoY+4.1%
Other financing activities	-25.0M YoY-8.7%	-23.0M YoY+37.8%	-37.0M YoY+57.0%	-86.0M YoY-2.4%	-84.0M YoY-1.2%
Net change in cash	162M YoY+337.8%	37.0M YoY+362.5%	8.00M YoY+0.0%	8.00M YoY+101.7%	-481M YoY-213.7%
Interest paid	978M YoY+12.5%	869M YoY+15.7%	751M YoY+17.7%	638M YoY-4.9%	671M YoY-1.2%
Income taxes paid	-267M YoY-16.1%	-230M YoY-4500.0%	-5.00M YoY-66.7%	-3.00M YoY+0.0%	-3.00M YoY+99.2%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	26.8B YoY+7.1%	25.0B YoY+10.0%	22.7B YoY-0.1%	22.8B YoY-1.7%	23.2B YoY+15.8%
P/E	18.3× YoY+2.9%	17.8× YoY-2.6%	18.3× YoY-9.7%	20.3× YoY-20.7%	25.5× YoY+74.6%
P/B	2.2× YoY+1.9%	2.1× YoY+2.0%	2.1× YoY-17.3%	2.5× YoY-4.7%	2.7× YoY+65.3%
P/FCF	7.9× YoY+14.5%	6.9× YoY-11.3%	7.7× YoY-28.4%	10.8× YoY+43.1%	7.6× YoY+39.6%
Earnings yield	5.5% YoY-2.8%	5.6% YoY+2.7%	5.5% YoY+10.7%	4.9% YoY+26.0%	3.9% YoY-42.7%
FCF yield	12.7% YoY-12.6%	14.6% YoY+12.7%	12.9% YoY+39.7%	9.3% YoY-30.1%	13.2% YoY-28.4%
Dividend yield	3.4% YoY+0.2%	3.4% YoY-2.3%	3.5% YoY+14.6%	3.1% YoY-5.4%	3.2% YoY-18.6%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: DTE's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DTE filings on SEC EDGAR → Not investment advice.

DTE▼ financial statements

About this data

financial statements