DTE Energy vs Xcel Energy
DTE Energy reported revenue of $15.8 billion in fiscal 2025, about the same as Xcel Energy's $14.7 billion in fiscal 2025. DTE Energy's revenue grew 26.9% in its latest year, and Xcel Energy's grew 9.1%. DTE Energy had an operating margin of 15.0%, against 17.6% at Xcel Energy.
Side by side
| DTE Energy | Xcel Energy | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $15.8B | $14.7B |
| Revenue growth | 26.9% | 9.1% |
| Revenue growth a year, last 5 years | 6.7% | 4.9% |
| Gross margin | — | — |
| Operating margin | 15.0% | 17.6% |
| Net margin | 9.2% | 13.8% |
| Free cash flow | — | −$6.8B |
| Free cash flow margin | — | −46.5% |
| Return on capital | 6.1% | 4.9% |
| Net debt to EBITDA | 6.2x | 6.2x |
| Dividends and buybacks | $871M | $1.3B |
| Change in diluted share count | 0.0% | 4.6% |
| Last close | $131.74 | $77.86 |
| P/E at the last close | 21.7× | 21.3× |
| Insider trades, last 12 months | sold $822,270 | sold $1.4 million |
| Piotroski F-score | 6 of 8 | 4 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
DTE EnergyXcel Energy
Operating margin
Percent of revenue
DTE EnergyXcel Energy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DTE EnergyXcel Energy
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the DTE Energy and Xcel Energy pages.