DTE Energy
DTE · Multi-Utilities
$131.89
0.9%PG&E
PCG · Multi-Utilities
$12.63
2.7%The short version
- PG&E is the larger business, with $24.9B of revenue in fiscal 2025 against $15.8B for DTE Energy, about 1.6 times as much.
- DTE Energy grew revenue faster (27.0%, against 2.1%).
- PG&E kept more of each dollar of sales as operating profit (19.1% operating margin, against 15.0% operating margin).
- DTE Energy earned a higher return on the capital invested in it (6.1%, against 5.4%).
- Investors pay more for each dollar of DTE Energy’s earnings: a P/E of 21.7x against 9.2x for PG&E.
| Latest fiscal year | DTE · FY25 | PCG · FY25 |
|---|---|---|
| Size | ||
| Market cap | $27.4B | $28.9B |
| Revenue | $15.8B | $24.9B |
| Free cash flow | — | −$3.1B |
| Net income | $1.5B | $2.7B |
| Growth | ||
| Revenue growth | 27.0% | 2.1% |
| 5-year growth | 6.7% | 6.2% |
| Share count change | 0.0% | 2.6% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 15.0% | 19.1% |
| Net margin | 9.2% | 10.8% |
| FCF margin | — | −12.3% |
| Return on capital | 6.1% | 5.4% |
| Return on equity | 12.2% | 8.6% |
| Balance sheet | ||
| Net debt | $26.0B | $59.4B |
| Net debt / EBITDA | 6.2x | — |
| Dividends and buybacks | $871M | $0.0M |
| Valuation & quality | ||
| P/E | 21.7x | 9.2x |
| Piotroski F-score | 6 | 4 |
FY16
DTE $10.6B
PCG $17.7B
FY17
DTE $12.6B
PCG $17.1B
FY18
DTE $14.2B
PCG $16.8B
FY19
DTE $12.2B
PCG $17.1B
FY20
DTE $11.4B
PCG $18.5B
FY21
DTE $15.0B
PCG $20.6B
FY22
DTE $19.2B
PCG $21.7B
FY23
DTE $12.7B
PCG $24.4B
FY24
DTE $12.5B
PCG $24.4B
FY25
DTE $15.8B
PCG $24.9B
DTE
PCG
FY16
DTE 14.0%
PCG 11.8%
FY17
DTE 13.6%
PCG 17.0%
FY18
DTE 11.2%
PCG −57.9%
FY19
DTE 11.8%
PCG −58.9%
FY20
DTE 13.6%
PCG 9.5%
FY21
DTE 10.0%
PCG 9.1%
FY22
DTE 9.1%
PCG 8.5%
FY23
DTE 17.6%
PCG 10.9%
FY24
DTE 16.8%
PCG 18.3%
FY25
DTE 15.0%
PCG 19.1%
DTE
PCG
FY16
DTE —
PCG −$1.3B
FY17
DTE —
PCG $336M
FY18
DTE —
PCG −$1.8B
FY19
DTE —
PCG −$1.5B
FY20
DTE —
PCG −$26.8B
FY21
DTE —
PCG −$5.4B
FY22
DTE —
PCG −$5.9B
FY23
DTE —
PCG −$5.0B
FY24
DTE —
PCG −$2.3B
FY25
DTE —
PCG −$3.1B
DTE
PCG
FY16
DTE 5.6%
PCG 7.5%
FY17
DTE 6.7%
PCG 11.1%
FY18
DTE 6.1%
PCG −20.3%
FY19
DTE 4.9%
PCG −27.0%
FY20
DTE 4.9%
PCG 4.2%
FY21
DTE 5.1%
PCG 1.5%
FY22
DTE 6.0%
PCG 2.7%
FY23
DTE 6.5%
PCG 3.5%
FY24
DTE 6.3%
PCG 5.4%
FY25
DTE 6.1%
PCG 5.4%
DTE
PCG
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.