DTE Energy Company (DTE)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	-929,000	-1,017,000	-1,251,000	-1,512,000	-1,365,000	-1,430,000	-1,346,000	-1,414,000	-1,682,000	-1,480,000	-2,029,000	-2,108,000	-2,077,000	-2,377,000	-1,967,000	-1,818,000	-1,668,000	-1,365,000	-1,326,000	-1,295,000
Revenue (ttm)	US$ in thousands	407,000	430,000	392,000	319,000	442,000	4,774,000	9,922,000	14,776,000	19,228,000	19,399,000	17,863,000	16,168,000	15,369,000	14,010,000	13,579,000	12,933,000	12,177,000	12,037,000	11,872,000	12,177,000
Gross profit margin		-228.26%	-236.51%	-319.13%	-473.98%	-308.82%	-29.95%	-13.57%	-9.57%	-8.75%	-7.63%	-11.36%	-13.04%	-13.51%	-16.97%	-14.49%	-14.06%	-13.70%	-11.34%	-11.17%	-10.63%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-929,000K ÷ $407,000K
= -228.26%

The gross profit margin of DTE Energy Company has fluctuated significantly over the past few years, showing a negative trend throughout the period. Starting around -10% in early 2020, the margin deteriorated to as low as -473.98% in March 2024, indicating that the company's cost of goods sold exceeded its revenue by a substantial amount. However, it is notable that the margin improved in the later quarters of 2024, though remaining negative. This persistent decline in the gross profit margin suggests potential challenges with cost management, pricing strategies, or operational efficiency within the company's core business activities. Monitoring this metric closely will be crucial for assessing the company's profitability and overall financial health in the future.