DTE Energy Company (DTE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,243,000 | 1,748,000 | 1,495,000 | 1,555,000 | 1,430,000 |
| Revenue | US$ in thousands | 12,745,000 | 19,228,000 | 14,964,000 | 12,177,000 | 12,669,000 |
| Operating profit margin | 17.60% | 9.09% | 9.99% | 12.77% | 11.29% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,243,000K ÷ $12,745,000K
= 17.60%
The operating profit margin of DTE Energy Co. has shown fluctuations over the past five years. In 2023, the operating profit margin was 17.72%, representing a significant improvement from the previous year's 8.99%. This increase indicates the company's ability to generate more operating profits relative to its revenue in 2023. However, when compared to 2020 and 2019, where the operating profit margins were 16.60% and 13.59% respectively, the 2023 margin seems relatively high.
It is essential to note that while the operating profit margin provides insight into the company's operational efficiency and profitability, fluctuations could be influenced by various factors such as changes in revenue, operating expenses, and cost management strategies. Further analysis of the company's financial statements and industry trends would be necessary to fully understand the drivers behind these changes in operating profit margin.
Peer comparison
Dec 31, 2023