DTE Energy Company (DTE)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,370,000 | 1,530,000 | 1,528,000 | 1,405,000 | 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 |
| Revenue (ttm) | US$ in thousands | 407,000 | 430,000 | 392,000 | 319,000 | 442,000 | 4,774,000 | 9,922,000 | 14,776,000 | 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 |
| Pretax margin | 336.61% | 355.81% | 389.80% | 440.44% | 354.30% | 28.86% | 14.28% | 8.10% | 5.78% | 5.76% | 3.53% | 4.92% | 5.06% | 5.50% | 10.02% | 11.32% | 12.01% | 11.51% | 10.56% | 9.64% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,370,000K ÷ $407,000K
= 336.61%
The pretax margin of DTE Energy Company has exhibited significant fluctuations over the analyzed period. Starting at 9.64% as of March 31, 2020, the margin increased steadily, reaching a peak of 14.28% by June 30, 2023. However, a notable anomaly is observed in the subsequent quarters, particularly as of December 31, 2023, where the margin spiked significantly to 354.30%, followed by an even more substantial increase to 440.44% as of March 31, 2024. These exceptional figures suggest potential anomalies or irregularities in the financial data. Subsequently, there was a substantial decline in the pretax margin, with percentages returning to more stable levels by December 31, 2024, at 336.61%. This erratic behavior in pretax margin signifies possible one-time events or accounting adjustments affecting the company's pre-tax profitability during the analyzed period. Further investigation is warranted to understand the underlying reasons behind these extreme fluctuations and evaluate the company's overall financial performance accurately.
Peer comparison
Dec 31, 2024