DTE Energy Company — Earnings Quality Grade F
DTE · Utilities
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 50 days, change -4 days YoY
AR growth 17.6% vs revenue growth 26.9%
Revenue grew 26.9% but CFFO declined -6.4%
Expense Quality
Inventory 10.4% vs COGS 35.7%. Normal
CapEx growth -0.9% vs revenue 26.9%. Normal
Insufficient data
Gross margin 30.3%, change -4.5pp. Stable
Cash Flow Quality
CFFO/NI = 2.33. Profits backed by cash
FCF < 50% of Net Income for 3 years
Accruals ratio = -3.6%. Low accruals
Cash $0.2B covers only 1% of debt $26.3B
Balance Sheet Health
Goodwill+Intangibles $2.2B = 18% of equity. Manageable
Debt/EBITDA = 5.9x (>4x). Financial stress
Other assets 16.5% vs revenue 26.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Goodwill+Intangibles change 2% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10