Dte Energy Co
Dte Energy Co returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q1 | Mar 31, 2026 | 5.64% | 4.51% | — | 10.41% | 2.42% | 1.2 pp |
| FY 2025 Q4 | Dec 31, 2025 | 6.15% | 5.14% | — | 12.16% | 2.84% | 1.7 pp |
| FY 2025 Q3 | Sep 30, 2025 | 6.11% | 4.85% | — | 11.64% | 2.72% | 1.7 pp |
| FY 2025 Q2 | Jun 30, 2025 | — | 4.84% | — | 12.61% | 2.94% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 5.09% | — | 13.28% | 3.22% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | 5.06% | — | 12.32% | 3% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | 5.3% | — | 13.61% | 3.27% | — |
| FY 2024 Q2 | Jun 30, 2024 | 6.24% | 5.49% | 3.17% | 12.82% | 3.06% | 1.8 pp |
| FY 2024 Q1 | Mar 31, 2024 | 6.04% | 5.31% | 5.49% | 11.57% | 2.86% | 1.6 pp |
| FY 2023 Q4 | Dec 31, 2023 | 6.52% | 5.87% | 12.72% | 13% | 3.2% | 2.1 pp |
| FY 2023 Q3 | Sep 30, 2023 | 6.16% | 5.38% | — | 12.51% | 2.9% | 1.8 pp |
| FY 2023 Q2 | Jun 30, 2023 | 6.51% | 5.58% | — | 13.58% | 3.08% | 2.1 pp |
| FY 2023 Q1 | Mar 31, 2023 | 6.09% | 5.04% | — | 11.6% | 2.74% | 1.7 pp |
| FY 2022 Q4 | Dec 31, 2022 | 6.04% | 4.93% | — | 11.31% | 2.63% | 1.6 pp |
| FY 2022 Q3 | Sep 30, 2022 | — | 4.69% | — | 12.79% | 2.76% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 3.89% | — | 7.26% | 1.68% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 4.32% | — | 8.42% | 2.08% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | 3.93% | — | 8.57% | 2.13% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | 4.49% | — | 8.38% | 2.09% | — |
| FY 2021 Q2 | Jun 30, 2021 | 5.52% | 4.52% | 6.43% | 10.99% | 2.84% | 1.1 pp |
| FY 2021 Q1 | Mar 31, 2021 | 5.82% | 4.74% | 16.85% | 11.68% | 3.17% | 1.4 pp |
| FY 2020 Q4 | Dec 31, 2020 | 5.83% | 4.92% | 10.85% | 11.34% | 3.13% | 1.4 pp |
| FY 2020 Q3 | Sep 30, 2020 | 6.04% | 5.13% | 5.58% | 11.78% | 3.29% | 1.6 pp |
| FY 2020 Q2 | Jun 30, 2020 | 5.74% | 4.89% | 2.44% | 10.86% | 2.99% | 1.3 pp |
| FY 2020 Q1 | Mar 31, 2020 | 5.45% | 4.75% | -0.28% | 9.89% | 2.78% | 1.1 pp |
| FY 2019 Q4 | Dec 31, 2019 | 5.59% | 4.9% | 1.06% | 10.65% | 2.99% | 1.2 pp |
| FY 2019 Q3 | Sep 30, 2019 | 5.85% | 4.8% | -2.48% | 10.42% | 2.97% | 1.5 pp |
| FY 2019 Q2 | Jun 30, 2019 | 6.07% | 4.93% | 0.29% | 10.93% | 3.11% | 1.7 pp |
| FY 2019 Q1 | Mar 31, 2019 | 6.28% | 5.09% | 5.16% | 11.33% | 3.3% | 1.9 pp |
| FY 2018 Q4 | Dec 31, 2018 | 6.14% | 5.08% | 2.12% | 11.32% | 3.2% | 1.7 pp |
| FY 2018 Q3 | Sep 30, 2018 | 6.63% | 5.08% | 15.66% | 12.4% | 3.56% | 2.2 pp |
| FY 2018 Q2 | Jun 30, 2018 | 6.57% | 5.21% | 10.9% | 12.15% | 3.44% | 2.2 pp |
| FY 2018 Q1 | Mar 31, 2018 | 6.31% | 5.13% | 8.97% | 11.46% | 3.32% | 1.9 pp |
| FY 2017 Q4 | Dec 31, 2017 | 6.46% | 5.44% | 20.1% | 12.22% | 3.45% | 2.1 pp |
| FY 2017 Q3 | Sep 30, 2017 | 6.01% | 5.49% | 7.3% | 10.55% | 3.13% | 1.6 pp |
| FY 2017 Q2 | Jun 30, 2017 | 6.44% | 5.92% | 11.03% | 11.7% | 3.41% | 2 pp |
| FY 2017 Q1 | Mar 31, 2017 | 6.29% | 5.76% | 11.69% | 11.28% | 3.36% | 1.9 pp |
| FY 2016 Q4 | Dec 31, 2016 | 5.56% | 5.18% | 4.84% | 9.74% | 2.86% | 1.2 pp |
| FY 2016 Q3 | Sep 30, 2016 | 5.35% | 4.74% | -24.48% | 9.11% | 2.81% | 0.9 pp |
| FY 2016 Q2 | Jun 30, 2016 | 5.18% | 4.57% | -15.4% | 8.59% | 2.61% | 0.8 pp |
| FY 2016 Q1 | Mar 31, 2016 | 5.03% | 4.41% | -19.62% | 7.99% | 2.48% | 0.6 pp |
| FY 2015 Q4 | Dec 31, 2015 | 5.39% | 4.8% | -15.64% | 8.5% | 2.56% | 1 pp |
| FY 2015 Q3 | Sep 30, 2015 | 6.64% | 6.59% | 16.41% | 11.14% | 3.44% | 2.2 pp |
| FY 2015 Q2 | Jun 30, 2015 | 6.22% | 5.84% | 6.84% | 10.12% | 3.07% | 1.8 pp |
| FY 2015 Q1 | Mar 31, 2015 | 6.35% | 6.11% | 9.77% | 10.15% | 3.14% | 1.9 pp |
| FY 2014 Q4 | Dec 31, 2014 | 6.97% | 6.61% | 26.77% | 11.14% | 3.36% | 2.6 pp |
| FY 2014 Q3 | Sep 30, 2014 | 5.82% | 5.51% | 5.86% | 9.1% | 2.78% | 1.4 pp |
| FY 2014 Q2 | Jun 30, 2014 | 6.16% | 5.95% | 5.19% | 9.92% | 2.96% | 1.8 pp |
| FY 2014 Q1 | Mar 31, 2014 | 6.05% | 5.87% | -0.69% | 9.58% | 2.89% | 1.6 pp |
| FY 2013 Q4 | Dec 31, 2013 | 5.9% | 5.19% | -1.27% | 8.64% | 2.53% | 1.5 pp |
| FY 2013 Q3 | Sep 30, 2013 | 5.72% | 5.25% | -4.07% | 8.1% | 2.37% | 1.3 pp |
| FY 2013 Q2 | Jun 30, 2013 | 6.08% | 5.64% | 10.14% | 8.81% | 2.49% | 1.7 pp |
| FY 2013 Q1 | Mar 31, 2013 | 6.36% | 5.9% | -7.76% | 9.36% | 2.66% | 2 pp |
| FY 2012 Q4 | Dec 31, 2012 | 6.52% | 5.45% | — | 8.48% | 2.33% | 2.1 pp |
| FY 2012 Q3 | Sep 30, 2012 | 6.06% | 5.89% | -64.71% | 9.46% | 2.68% | 1.7 pp |
| FY 2012 Q2 | Jun 30, 2012 | 5.99% | 5.9% | -48.59% | 9.12% | 2.51% | 1.6 pp |
| FY 2012 Q1 | Mar 31, 2012 | 6.79% | 5.94% | 18.68% | 9.94% | 2.75% | 2.4 pp |
| FY 2011 Q4 | Dec 31, 2011 | 7.24% | 6.25% | — | 10.36% | 2.79% | 2.8 pp |
| FY 2011 Q3 | Sep 30, 2011 | 7.24% | 6.42% | 35.37% | 10.47% | 2.91% | 2.8 pp |
| FY 2011 Q2 | Jun 30, 2011 | 7.29% | 6.51% | 44.07% | 10.39% | 2.85% | 2.9 pp |
| FY 2011 Q1 | Mar 31, 2011 | 6.34% | 6.33% | -1.63% | 8.65% | 2.37% | 1.9 pp |
| FY 2010 Q4 | Dec 31, 2010 | 6.68% | 6.7% | 55.66% | 9.69% | 2.57% | 2.3 pp |
| FY 2010 Q3 | Sep 30, 2010 | 6.49% | 6.5% | — | 9.28% | 2.48% | 2.1 pp |
| FY 2010 Q2 | Jun 30, 2010 | 6.44% | 6.42% | — | 9.34% | 2.47% | 2 pp |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 4.4%, rounded from the Utility · General benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · DTE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.