Dominion Energy vs DTE Energy
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The short version
- Dominion Energy is the larger business, with $16.5B of revenue in fiscal 2025 against $15.8B for DTE Energy.
- DTE Energy grew revenue faster (27.0%, against 14.2%).
- Dominion Energy kept more of each dollar of sales as operating profit (26.7% operating margin, against 15.0%).
- DTE Energy earned a higher return on the capital invested in it (6.1%, against 4.9%).
- Investors pay more for each dollar of DTE Energy’s earnings: a P/E of 21.7x against 19.3x for Dominion Energy.
| Latest fiscal year | D · FY25 | DTE · FY25 |
|---|---|---|
| Size | ||
| Market cap | $57.4B | $27.4B |
| Revenue | $16.5B | $15.8B |
| Free cash flow | −$7.3B | — |
| Net income | $3.0B | $1.5B |
| Growth | ||
| Revenue growth | 14.2% | 27.0% |
| 5-year growth | 3.1% | 6.7% |
| Share count change | 1.9% | 0.0% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 26.7% | 15.0% |
| Net margin | 18.2% | 9.2% |
| FCF margin | −44.2% | — |
| Return on capital | 4.9% | 6.1% |
| Return on equity | 10.7% | 12.2% |
| Balance sheet | ||
| Net debt | $49.1B | $26.0B |
| Net debt / EBITDA | 7.2x | 6.2x |
| Dividends and buybacks | $2.3B | $871M |
| Valuation & quality | ||
| P/E | 19.3x | 21.7x |
| Piotroski F-score | 6 | 6 |
Revenue
FY16
D $11.7B
DTE $10.6B
FY17
D $12.6B
DTE $12.6B
FY18
D $11.2B
DTE $14.2B
FY19
D $14.4B
DTE $12.2B
FY20
D $14.2B
DTE $11.4B
FY21
D $11.4B
DTE $15.0B
FY22
D $13.9B
DTE $19.2B
FY23
D $14.4B
DTE $12.7B
FY24
D $14.5B
DTE $12.5B
FY25
D $16.5B
DTE $15.8B
D
DTE
Operating margin
FY16
D 29.4%
DTE 14.0%
FY17
D 31.3%
DTE 13.6%
FY18
D 26.9%
DTE 11.2%
FY19
D 10.7%
DTE 11.8%
FY20
D 14.5%
DTE 13.6%
FY21
D 17.5%
DTE 10.0%
FY22
D 10.4%
DTE 9.1%
FY23
D 23.7%
DTE 17.6%
FY24
D 22.5%
DTE 16.8%
FY25
D 26.7%
DTE 15.0%
D
DTE
Free cash flow
FY16
D −$2.0B
DTE —
FY17
D −$1.4B
DTE —
FY18
D $368M
DTE —
FY19
D −$117M
DTE —
FY20
D −$1.1B
DTE —
FY21
D −$2.0B
DTE —
FY22
D −$4.1B
DTE —
FY23
D −$3.7B
DTE —
FY24
D −$7.4B
DTE —
FY25
D −$7.3B
DTE —
D
DTE
Return on capital
FY16
D 5.7%
DTE 5.6%
FY17
D 7.2%
DTE 6.7%
FY18
D 4.2%
DTE 6.1%
FY19
D 1.8%
DTE 4.9%
FY20
D 2.9%
DTE 4.9%
FY21
D 3.1%
DTE 5.1%
FY22
D 1.7%
DTE 6.0%
FY23
D 3.6%
DTE 6.5%
FY24
D 3.7%
DTE 6.3%
FY25
D 4.9%
DTE 6.1%
D
DTE
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.