DTE Energy Company (DTE)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -711,000 | -1,365,000 | -1,642,000 | -2,063,000 | -1,748,000 |
| Revenue | US$ in thousands | 407,000 | 442,000 | 19,228,000 | 14,964,000 | 12,177,000 |
| Gross profit margin | -174.69% | -308.82% | -8.54% | -13.79% | -14.35% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-711,000K ÷ $407,000K
= -174.69%
Based on the data provided, the gross profit margin of DTE Energy Company has exhibited a fluctuating trend over the years. The gross profit margin was -14.35% as of December 31, 2020, showing a slight improvement to -13.79% by December 31, 2021. However, by December 31, 2022, there was a significant decrease in the margin to -8.54%.
The following year, as of December 31, 2023, the gross profit margin experienced a dramatic decline to -308.82%, indicating a substantial loss in comparison to the revenue generated. This anomaly may necessitate further investigation into the company's cost structure or extraordinary events that affected profitability.
By December 31, 2024, the gross profit margin improved from the exceptionally low 2023 figure but remained negative at -174.69%. It is essential for stakeholders and investors to closely monitor the company's gross profit margin trend, as sustained negative margins can indicate challenges in controlling production costs or pricing strategies that may impact overall profitability.
Peer comparison
Dec 31, 2024