DTE Energy vs Consolidated Edison
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The short version
- Consolidated Edison is the larger business, with $16.9B of revenue in fiscal 2025 against $15.8B for DTE Energy.
- DTE Energy grew revenue faster (27.0%, against 10.9%).
- Consolidated Edison kept more of each dollar of sales as operating profit (17.4% operating margin, against 15.0%).
- DTE Energy earned a higher return on the capital invested in it (6.1%, against 4.7%).
- Investors pay more for each dollar of DTE Energy’s earnings: a P/E of 21.7x against 19.5x for Consolidated Edison.
| Latest fiscal year | DTE · FY25 | ED · FY25 |
|---|---|---|
| Size | ||
| Market cap | $27.4B | $42.2B |
| Revenue | $15.8B | $16.9B |
| Free cash flow | — | $36.0M |
| Net income | $1.5B | $2.0B |
| Growth | ||
| Revenue growth | 27.0% | 10.9% |
| 5-year growth | 6.7% | 6.7% |
| Share count change | 0.0% | 3.3% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 15.0% | 17.4% |
| Net margin | 9.2% | 12.0% |
| FCF margin | — | 0.2% |
| Return on capital | 6.1% | 4.7% |
| Return on equity | 12.2% | 8.8% |
| Balance sheet | ||
| Net debt | $26.0B | $25.8B |
| Net debt / EBITDA | 6.2x | 4.9x |
| Dividends and buybacks | $871M | $1.2B |
| Valuation & quality | ||
| P/E | 21.7x | 19.5x |
| Piotroski F-score | 6 | 6 |
Revenue
FY16
DTE $10.6B
ED $12.1B
FY17
DTE $12.6B
ED $12.0B
FY18
DTE $14.2B
ED $12.3B
FY19
DTE $12.2B
ED $12.6B
FY20
DTE $11.4B
ED $12.2B
FY21
DTE $15.0B
ED $13.7B
FY22
DTE $19.2B
ED $15.7B
FY23
DTE $12.7B
ED $14.7B
FY24
DTE $12.5B
ED $15.3B
FY25
DTE $15.8B
ED $16.9B
DTE
ED
Operating margin
FY16
DTE 14.0%
ED 23.0%
FY17
DTE 13.6%
ED 23.1%
FY18
DTE 11.2%
ED 21.6%
FY19
DTE 11.8%
ED 21.3%
FY20
DTE 13.6%
ED 21.7%
FY21
DTE 10.0%
ED 20.7%
FY22
DTE 9.1%
ED 16.8%
FY23
DTE 17.6%
ED 21.8%
FY24
DTE 16.8%
ED 17.5%
FY25
DTE 15.0%
ED 17.4%
DTE
ED
Free cash flow
FY16
DTE —
ED $624M
FY17
DTE —
ED $339M
FY18
DTE —
ED −$556M
FY19
DTE —
ED −$104M
FY20
DTE —
ED −$1.1B
FY21
DTE —
ED −$897M
FY22
DTE —
ED $111M
FY23
DTE —
ED −$2.2B
FY24
DTE —
ED −$1.2B
FY25
DTE —
ED $36.0M
DTE
ED
Return on capital
FY16
DTE 5.6%
ED 6.4%
FY17
DTE 6.7%
ED 7.0%
FY18
DTE 6.1%
ED 6.2%
FY19
DTE 4.9%
ED 5.9%
FY20
DTE 4.9%
ED 6.1%
FY21
DTE 5.1%
ED 5.7%
FY22
DTE 6.0%
ED 4.5%
FY23
DTE 6.5%
ED 5.9%
FY24
DTE 6.3%
ED 4.9%
FY25
DTE 6.1%
ED 4.7%
DTE
ED
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.