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Side-by-side financial comparison of CMB.TECH NV (CMBT) and Diversified Energy Co (DEC). Click either name above to swap in a different company.
Diversified Energy Co is the larger business by last-quarter revenue ($666.5M vs $592.8M, roughly 1.1× CMB.TECH NV). CMB.TECH NV runs the higher net margin — 32.3% vs 29.3%, a 2.9% gap on every dollar of revenue.
CMB.TECH, before October 2024 known as Euronav, is a crude oil tanker transport company, which consists of VLCCs, Suezmaxes and FSOs.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
CMBT vs DEC — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $592.8M | $666.5M |
| Net Profit | $191.2M | $195.5M |
| Gross Margin | — | — |
| Operating Margin | 46.4% | 37.6% |
| Net Margin | 32.3% | 29.3% |
| Revenue YoY | -34.6% | — |
| Net Profit YoY | -63.3% | — |
| EPS (diluted) | $1.01 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $666.5M | ||
| Q3 25 | — | $499.8M | ||
| Q2 25 | — | $600.3M | ||
| Q4 24 | $592.8M | — | ||
| Q4 23 | $905.9M | — |
| Q4 25 | — | $195.5M | ||
| Q3 25 | — | $171.1M | ||
| Q2 25 | — | $297.7M | ||
| Q4 24 | $191.2M | — | ||
| Q4 23 | $521.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 44.7% | ||
| Q4 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | — | 37.6% | ||
| Q3 25 | — | 36.2% | ||
| Q2 25 | — | 48.5% | ||
| Q4 24 | 46.4% | — | ||
| Q4 23 | 63.4% | — |
| Q4 25 | — | 29.3% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 49.6% | ||
| Q4 24 | 32.3% | — | ||
| Q4 23 | 57.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $2.14 | ||
| Q2 25 | — | $3.67 | ||
| Q4 24 | $1.01 | — | ||
| Q4 23 | $2.58 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $38.9M | $29.7M |
| Total DebtLower is stronger | $2.6B | $2.7B |
| Stockholders' EquityBook value | $1.2B | $984.1M |
| Total Assets | $3.9B | $6.2B |
| Debt / EquityLower = less leverage | 2.20× | 2.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $29.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $23.7M | ||
| Q4 24 | $38.9M | — | ||
| Q4 23 | $429.4M | — |
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | $2.6B | — | ||
| Q4 23 | $930.7M | — |
| Q4 25 | — | $984.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $727.7M | ||
| Q4 24 | $1.2B | — | ||
| Q4 23 | $2.4B | — |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $5.7B | ||
| Q4 24 | $3.9B | — | ||
| Q4 23 | $3.4B | — |
| Q4 25 | — | 2.76× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | 2.20× | — | ||
| Q4 23 | 0.39× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $204.4M | $464.6M |
| Free Cash FlowOCF − Capex | — | $280.0M |
| FCF MarginFCF / Revenue | — | 42.0% |
| Capex IntensityCapex / Revenue | — | 27.7% |
| Cash ConversionOCF / Net Profit | 1.07× | 2.38× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $464.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $264.1M | ||
| Q4 24 | $204.4M | — | ||
| Q4 23 | $435.8M | — |
| Q4 25 | — | $280.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q4 23 | $65.6M | — |
| Q4 25 | — | 42.0% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q4 23 | 7.2% | — |
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q4 23 | 40.9% | — |
| Q4 25 | — | 2.38× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.89× | ||
| Q4 24 | 1.07× | — | ||
| Q4 23 | 0.84× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
