DTE Energy Company (DTE)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,370,000 | 1,566,000 | 1,112,000 | 777,000 | 1,405,000 |
| Revenue | US$ in thousands | 407,000 | 442,000 | 19,228,000 | 14,964,000 | 12,177,000 |
| Pretax margin | 336.61% | 354.30% | 5.78% | 5.19% | 11.54% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,370,000K ÷ $407,000K
= 336.61%
DTE Energy Company's pretax margin has shown fluctuations over the years. In December 2020, the company had a pretax margin of 11.54%, indicating that for every dollar of revenue generated, 11.54 cents were retained as pretax profit. However, this margin declined to 5.19% by December 2021 and increased slightly to 5.78% by December 2022.
The pretax margin experienced a significant surge in profitability in December 2023 and December 2024, reaching 354.30% and 336.61%, respectively. Such a high pretax margin could be an indicator of extraordinary gains or potentially irregularities in the financial reporting during those periods.
Overall, while the company has shown variability in its pretax margin, investors and stakeholders should closely monitor the factors driving such fluctuations to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2024