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Side-by-side financial comparison of Diversified Energy Co (DEC) and Magnera Corp (MAGN). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $666.5M, roughly 1.2× Diversified Energy Co). Diversified Energy Co runs the higher net margin — 29.3% vs -4.3%, a 33.6% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $-13.0M).
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.
DEC vs MAGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $792.0M |
| Net Profit | $195.5M | $-34.0M |
| Gross Margin | — | 12.2% |
| Operating Margin | 37.6% | 1.8% |
| Net Margin | 29.3% | -4.3% |
| Revenue YoY | — | 12.8% |
| Net Profit YoY | — | 43.3% |
| EPS (diluted) | — | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $499.8M | — | ||
| Q2 25 | $600.3M | $839.0M | ||
| Q1 25 | — | $824.0M | ||
| Q4 24 | — | $702.0M | ||
| Q3 24 | — | $332.1M | ||
| Q2 24 | — | $556.0M | ||
| Q1 24 | — | $558.0M |
| Q4 25 | $195.5M | $-34.0M | ||
| Q3 25 | $171.1M | — | ||
| Q2 25 | $297.7M | $-18.0M | ||
| Q1 25 | — | $-41.0M | ||
| Q4 24 | — | $-60.0M | ||
| Q3 24 | — | $-15.2M | ||
| Q2 24 | — | $19.0M | ||
| Q1 24 | — | $14.0M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | 44.7% | 10.7% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 6.2% |
| Q4 25 | 37.6% | 1.8% | ||
| Q3 25 | 36.2% | — | ||
| Q2 25 | 48.5% | 1.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | -3.1% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 3.8% |
| Q4 25 | 29.3% | -4.3% | ||
| Q3 25 | 34.2% | — | ||
| Q2 25 | 49.6% | -2.1% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | -8.5% | ||
| Q3 24 | — | -4.6% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | — | $-0.95 | ||
| Q3 25 | $2.14 | — | ||
| Q2 25 | $3.67 | $-0.51 | ||
| Q1 25 | — | $-1.15 | ||
| Q4 24 | — | $-1.69 | ||
| Q3 24 | — | $-0.33 | ||
| Q2 24 | — | $0.60 | ||
| Q1 24 | — | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | $264.0M |
| Total DebtLower is stronger | $2.7B | $1.9B |
| Stockholders' EquityBook value | $984.1M | $1.0B |
| Total Assets | $6.2B | $3.9B |
| Debt / EquityLower = less leverage | 2.76× | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | $264.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | $23.7M | $276.0M | ||
| Q1 25 | — | $282.0M | ||
| Q4 24 | — | $215.0M | ||
| Q3 24 | — | $230.0M | ||
| Q2 24 | — | $33.9M | ||
| Q1 24 | — | $30.2M |
| Q4 25 | $2.7B | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $877.4M | ||
| Q1 24 | — | $884.7M |
| Q4 25 | $984.1M | $1.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | $727.7M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
| Q4 25 | $6.2B | $3.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | $5.7B | $4.1B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | 2.76× | 1.86× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.36× |
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 | $464.6M | $2.0M |
| Free Cash FlowOCF − Capex | $280.0M | $-13.0M |
| FCF MarginFCF / Revenue | 42.0% | -1.6% |
| Capex IntensityCapex / Revenue | 27.7% | 1.9% |
| Cash ConversionOCF / Net Profit | 2.38× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | $2.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | $264.1M | $0 | ||
| Q1 25 | — | $65.0M | ||
| Q4 24 | — | $-58.0M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $38.0M | ||
| Q1 24 | — | $20.0M |
| Q4 25 | $280.0M | $-13.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $42.0M | ||
| Q4 24 | — | $-74.0M | ||
| Q3 24 | — | $3.6M | ||
| Q2 24 | — | $23.0M | ||
| Q1 24 | — | $12.5M |
| Q4 25 | 42.0% | -1.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | -10.5% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 2.2% |
| Q4 25 | 27.7% | 1.9% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | 2.38× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.89× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.00× | ||
| Q1 24 | — | 1.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DEC
Segment breakdown not available.
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
