DTE Energy Company (DTE)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,397,000 | 1,243,000 | 1,298,000 | 1,134,000 | 1,083,000 | 1,124,000 | 762,000 | 904,000 | 907,000 | 876,000 | 1,327,000 | 1,425,000 | 1,368,000 | 1,360,000 | 1,203,000 | 1,108,000 | 1,169,000 | 1,093,000 | 1,108,000 | 1,160,000 |
| Revenue (ttm) | US$ in thousands | 12,745,000 | 13,827,000 | 16,190,000 | 18,430,000 | 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 | 12,669,000 | 13,271,000 | 13,702,000 | 13,973,000 |
| Net profit margin | 10.96% | 8.99% | 8.02% | 6.15% | 5.63% | 5.79% | 4.27% | 5.59% | 5.90% | 6.25% | 9.77% | 11.02% | 11.23% | 11.30% | 10.13% | 9.10% | 9.23% | 8.24% | 8.09% | 8.30% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,397,000K ÷ $12,745,000K
= 10.96%
From the provided data on DTE Energy Co.'s net profit margin over the past eight quarters, we observe fluctuations in profitability. The net profit margin, which represents the percentage of revenue that translates into profit after all expenses are accounted for, has shown an improving trend from Q1 2022 to Q4 2023.
In Q4 2023, the net profit margin reached 10.94%, marking the highest level during this period. This indicates that the company was able to generate more profit for every dollar of revenue earned in the latest quarter. This could be attributed to effective cost management, increased revenue, or possibly a combination of both.
Comparing this to the lowest point observed in Q2 2022 at 4.35%, we see a significant increase in profitability over the quarters. It is worth noting that despite some fluctuations, the company has managed to maintain a positive net profit margin throughout the period under review.
Overall, the improving trend in DTE Energy Co.'s net profit margin reflects the company's ability to efficiently control costs and drive revenue growth, which are key factors contributing to sustainable profitability.
Peer comparison
Dec 31, 2023