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Side-by-side financial comparison of Diversified Energy Co (DEC) and MATERION Corp (MTRN). Click either name above to swap in a different company.
Diversified Energy Co is the larger business by last-quarter revenue ($666.5M vs $549.8M, roughly 1.2× MATERION Corp). Diversified Energy Co runs the higher net margin — 29.3% vs 3.5%, a 25.8% gap on every dollar of revenue.
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.
Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.
DEC vs MTRN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $549.8M |
| Net Profit | $195.5M | $19.4M |
| Gross Margin | — | 14.9% |
| Operating Margin | 37.6% | 5.1% |
| Net Margin | 29.3% | 3.5% |
| Revenue YoY | — | 30.8% |
| Net Profit YoY | — | 9.5% |
| EPS (diluted) | — | — |
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.
| Q1 26 | — | $549.8M | ||
| Q4 25 | $666.5M | $489.8M | ||
| Q3 25 | $499.8M | $444.8M | ||
| Q2 25 | $600.3M | $431.7M | ||
| Q1 25 | — | $420.3M | ||
| Q4 24 | — | $436.9M | ||
| Q3 24 | — | $436.7M | ||
| Q2 24 | — | $425.9M |
| Q1 26 | — | $19.4M | ||
| Q4 25 | $195.5M | $6.6M | ||
| Q3 25 | $171.1M | $25.4M | ||
| Q2 25 | $297.7M | $25.1M | ||
| Q1 25 | — | $17.7M | ||
| Q4 24 | — | $-48.9M | ||
| Q3 24 | — | $22.3M | ||
| Q2 24 | — | $19.0M |
| Q1 26 | — | 14.9% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | 44.7% | 19.1% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 19.0% |
| Q1 26 | — | 5.1% | ||
| Q4 25 | 37.6% | 2.2% | ||
| Q3 25 | 36.2% | 7.9% | ||
| Q2 25 | 48.5% | 8.5% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | -8.8% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 7.5% |
| Q1 26 | — | 3.5% | ||
| Q4 25 | 29.3% | 1.3% | ||
| Q3 25 | 34.2% | 5.7% | ||
| Q2 25 | 49.6% | 5.8% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | -11.2% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 4.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.30 | ||
| Q3 25 | $2.14 | $1.22 | ||
| Q2 25 | $3.67 | $1.21 | ||
| Q1 25 | — | $0.85 | ||
| Q4 24 | — | $-2.34 | ||
| Q3 24 | — | $1.07 | ||
| Q2 24 | — | $0.91 |
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 | $16.2M |
| Total DebtLower is stronger | $2.7B | $489.9M |
| Stockholders' EquityBook value | $984.1M | $957.0M |
| Total Assets | $6.2B | $1.9B |
| Debt / EquityLower = less leverage | 2.76× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $16.2M | ||
| Q4 25 | $29.7M | $13.7M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | $23.7M | $12.6M | ||
| Q1 25 | — | $15.6M | ||
| Q4 24 | — | $16.7M | ||
| Q3 24 | — | $17.9M | ||
| Q2 24 | — | $17.1M |
| Q1 26 | — | $489.9M | ||
| Q4 25 | $2.7B | $460.6M | ||
| Q3 25 | — | $458.9M | ||
| Q2 25 | — | $427.6M | ||
| Q1 25 | — | $453.0M | ||
| Q4 24 | — | $443.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $957.0M | ||
| Q4 25 | $984.1M | $943.3M | ||
| Q3 25 | — | $934.6M | ||
| Q2 25 | $727.7M | $910.6M | ||
| Q1 25 | — | $887.9M | ||
| Q4 24 | — | $868.9M | ||
| Q3 24 | — | $931.9M | ||
| Q2 24 | — | $907.1M |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $6.2B | $1.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $5.7B | $1.7B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.8B |
| Q1 26 | — | 0.51× | ||
| Q4 25 | 2.76× | 0.49× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | $280.0M | — |
| FCF MarginFCF / Revenue | 42.0% | — |
| Capex IntensityCapex / Revenue | 27.7% | — |
| Cash ConversionOCF / Net Profit | 2.38× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $464.6M | $19.5M | ||
| Q3 25 | — | $18.3M | ||
| Q2 25 | $264.1M | $49.9M | ||
| Q1 25 | — | $15.5M | ||
| Q4 24 | — | $76.3M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | $280.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $3.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-24.3M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 42.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -5.6% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 27.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.38× | 2.97× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | 0.89× | 1.99× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
