DTE Energy Company (DTE)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,566,000 | 1,378,000 | 1,417,000 | 1,197,000 | 1,112,000 | 1,118,000 | 631,000 | 796,000 | 777,000 | 770,000 | 1,361,000 | 1,464,000 | 1,462,000 | 1,385,000 | 1,254,000 | 1,174,000 | 1,240,000 | 1,192,000 | 1,194,000 | 1,244,000 |
| 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 |
| Pretax margin | 12.29% | 9.97% | 8.75% | 6.49% | 5.78% | 5.76% | 3.53% | 4.92% | 5.06% | 5.50% | 10.02% | 11.32% | 12.01% | 11.51% | 10.56% | 9.64% | 9.79% | 8.98% | 8.71% | 8.90% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,566,000K ÷ $12,745,000K
= 12.29%
To analyze DTE Energy Co.'s pretax margin, we can see a positive trend in the company's profitability over the past eight quarters. The pretax margin has been consistently increasing, starting at 4.07% in Q1 2022 and reaching 12.29% in Q4 2023. This indicates that the company has been able to effectively manage its expenses relative to its revenue, resulting in a higher percentage of earnings before taxes.
The steady improvement in pretax margin suggests that DTE Energy Co. has been successful in controlling costs and increasing operational efficiency. This could be attributed to various factors such as effective cost management strategies, revenue growth initiatives, or improved operational performance.
Overall, the increasing trend in pretax margin reflects positively on the company's financial health and suggests that it is becoming more profitable over time. Investors and stakeholders may view this as a favorable indication of DTE Energy Co.'s ability to generate earnings before accounting for taxes.
Peer comparison
Dec 31, 2023