DTE ENERGY CO
DTE · Utilities · $31.0B mkt cap · FY2025 filings · Not rated ·
Not rated
We don't have enough comparable filing data to score at least four of the five filters for DTE, so we don't publish a composite. Missing: businessTrend, pricingPower. No composite: 2 components abstained (businessTrend: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend.; pricingPower: Not enough years of gross-margin data to score pricing power.).
20 years of fundamentals
The business, in plain English
It earned 5.9% on invested capital in the latest filed year, FY2025. Across the full 19-year measurable filed record, median ROIC was 6.1%. Over the v3 recent window (10 measurable filed years), median ROIC was 5.8%. The Returns on Capital filter above scores it 4/100.
The balance sheet carried $26.0B of total debt in FY2025 against $1.5B of owner earnings — roughly 17.8 years of owner earnings to retire it all. Balance-Sheet Safety scores it 1/100.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Not disclosed in DTE’s filings for these years — we don’t estimate it.
Gaps in a line mean that item isn’t in DTE’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Moat Score history
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
- Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Track record
How DTE ENERGY CO’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
How to read this: each dot is what the engine would have scored DTE on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
What followed, in the years it rated Wide
In the reconstructed history shown, DTE did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.
Utilities context
Not ranked — DTE doesn’t have enough comparable filing data for a composite score, so we don’t place it on the board.
Utilities leaders by Moat Score
- #1RSG REPUBLIC SERVICES, INC.76.4 out of 100, Narrow moatNarrow moat
- #2KMI KINDER MORGAN, INC.71.4 out of 100, Narrow moatNarrow moat
- #3WM Waste Management, Inc70.2 out of 100, Narrow moatNarrow moat
Common questions about DTE
- Does DTE ENERGY CO have an economic moat?
- We don't publish a Moat Score for DTE ENERGY CO (DTE): its SEC filings don't provide enough comparable data to score at least four of the five filters, and the Index records each gap rather than a guessed number. Missing inputs: revenue and EPS trend, pricing power.
- Is DTE trading below the conservative owner-earnings estimate?
- The conservative owner-earnings floor is $74.72 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $149.46, that is 100% above owner-earnings floor. The model also publishes a capped-growth comparison, but the floor is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
- How has DTE's Moat Score changed over time?
- The record logs 16 readings since Jul 17, 2026, none with a composite — DTE hasn't had enough comparable filing data to score. No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.