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DTE Energy vs Firstenergy: DTE and FE compared
DTE Energy is the larger company: $3.7B of revenue in its latest quarter (Q3 2026) against $3.7B for Firstenergy (Q2 2026). Firstenergy is growing faster (+9% against +6% a year earlier). Firstenergy is more profitable, with an operating margin of 18.4% against 16.2%.
Where the money goes: DTE and FE
DTE Energy (DTE) · Q3 2026
DTE Energy, Q3 2026: revenue $3.7B (+6% year over year), operating margin 16.2%, net earnings $470M, operating cash flow $768M. The chart follows the revenue to costs, profit and cash.
Firstenergy (FE) · Q2 2026
Firstenergy, Q2 2026: revenue $3.7B (+9% year over year), operating margin 18.4%, net earnings $288M, operating cash flow $989M. The chart follows the revenue to costs, profit and cash.
| DTE Energy (DTE) | Firstenergy (FE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $3.7B | $3.7B |
| Revenue growth, Y/Y | +6% | +9% |
| Operating margin | 16.2% | 18.4% |
| Net earnings | $470M | $288M |
| Net margin | 12.6% | 7.8% |
| Operating cash flow | $768M | $989M |
| Market value | $28.1B | $27.3B |
| P/E | 22.2× | 20.1× |
| Analysts’ mean target | $148.39 | $50.64 |
Where the revenue comes from
Firstenergy
- Distribution services and retail generation: $2.8B (76%)
- Transmission: $686M (19%)
- Other: $205M (6%)
Questions
Which is bigger, DTE Energy or Firstenergy?
DTE Energy is the larger company: $3.7B of revenue in its latest quarter (Q3 2026) against $3.7B for Firstenergy (Q2 2026).
Is DTE Energy or Firstenergy growing faster?
Firstenergy is growing faster (+9% against +6% a year earlier).
Which is more profitable, DTE Energy or Firstenergy?
Firstenergy is more profitable, with an operating margin of 18.4% against 16.2%.
More: DTE Energy earnings · how DTE Energy makes money · Firstenergy earnings · how Firstenergy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Jul 28, 2026). Fiscal quarters can end on different dates. Not investment advice.