DTE Energy Company (DTE)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,091,000 | 2,243,000 | 1,748,000 | 1,495,000 | 1,555,000 |
| Revenue | US$ in thousands | 407,000 | 442,000 | 19,228,000 | 14,964,000 | 12,177,000 |
| Operating profit margin | 513.76% | 507.47% | 9.09% | 9.99% | 12.77% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,091,000K ÷ $407,000K
= 513.76%
The operating profit margin of DTE Energy Company has displayed fluctuations over the past five years. As of December 31, 2020, the operating profit margin stood at 12.77%, reflecting a healthy level of profitability. However, there was a notable decline in the operating profit margin to 9.99% by December 31, 2021, followed by a further decrease to 9.09% by December 31, 2022.
The most striking change occurred by December 31, 2023, where the operating profit margin unexpectedly surged to an unusually high level of 507.47%, which is significantly above typical industry benchmarks. This abnormal increase could be attributed to unique circumstances such as one-time gains or accounting adjustments that distorted the margin figure.
By December 31, 2024, the operating profit margin maintained a remarkably high level of 513.76%, continuing the trend observed in the previous year. It is essential for stakeholders to further investigate the reasons behind these drastic fluctuations to gain a better understanding of the company's underlying financial performance and sustainability in the long term.
Peer comparison
Dec 31, 2024