DTE Energy Company (DTE)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,566,000 | 1,112,000 | 777,000 | 1,405,000 | 1,240,000 |
| Revenue | US$ in thousands | 12,745,000 | 19,228,000 | 14,964,000 | 12,177,000 | 12,669,000 |
| Pretax margin | 12.29% | 5.78% | 5.19% | 11.54% | 9.79% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,566,000K ÷ $12,745,000K
= 12.29%
DTE Energy Co.'s pretax margin has fluctuated over the past five years. The pretax margin was relatively high in 2020 and 2019, reaching 12.63% and 10.45% respectively, indicating strong profitability before considering taxes. However, there was a significant drop in 2021 to 4.38%, rebounding in 2022 to 5.78%, and further increasing to 12.29% in 2023. This increase indicates an improvement in the company's ability to generate operating profit relative to its total revenue in the most recent year. The fluctuation in pretax margin suggests that DTE Energy Co. has experienced varying levels of efficiency and cost management over the years, which may warrant further investigation into the underlying factors driving these changes.
Peer comparison
Dec 31, 2023