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Side-by-side financial comparison of Diversified Energy Co (DEC) and VALHI INC (VHI). Click either name above to swap in a different company.
Diversified Energy Co is the larger business by last-quarter revenue ($666.5M vs $494.5M, roughly 1.3× VALHI INC). Diversified Energy Co runs the higher net margin — 29.3% vs -10.8%, a 40.1% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $89.8M).
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.
Valhi, Inc. is an American holding company operating through wholly and majority-owned subsidiaries in a number of different industries. It was founded in 1987 as a result of the merger of the LLC Corporation and Amalgamated Sugar Company. The Contran Corporation owned 93% of Valhi's common stock as of December 2014. The chairman of the company was Harold Simmons until his death in 2013. As of 2014 it was a Fortune 1000 company.
DEC vs VHI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $494.5M |
| Net Profit | $195.5M | $-53.2M |
| Gross Margin | — | 6.9% |
| Operating Margin | 37.6% | -6.2% |
| Net Margin | 29.3% | -10.8% |
| Revenue YoY | — | 2.8% |
| Net Profit YoY | — | -333.3% |
| EPS (diluted) | — | $-1.86 |
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 | $494.5M | ||
| Q3 25 | $499.8M | $503.5M | ||
| Q2 25 | $600.3M | $540.4M | ||
| Q1 25 | — | $538.6M | ||
| Q4 24 | — | $480.9M | ||
| Q3 24 | — | $533.6M | ||
| Q2 24 | — | $559.7M | ||
| Q1 24 | — | $530.6M |
| Q4 25 | $195.5M | $-53.2M | ||
| Q3 25 | $171.1M | $-22.2M | ||
| Q2 25 | $297.7M | $900.0K | ||
| Q1 25 | — | $16.9M | ||
| Q4 24 | — | $22.8M | ||
| Q3 24 | — | $57.5M | ||
| Q2 24 | — | $19.9M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | 44.7% | 14.5% | ||
| Q1 25 | — | 22.7% | ||
| Q4 24 | — | 20.9% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 21.7% | ||
| Q1 24 | — | 16.3% |
| Q4 25 | 37.6% | -6.2% | ||
| Q3 25 | 36.2% | 1.7% | ||
| Q2 25 | 48.5% | 6.6% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 9.8% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | 29.3% | -10.8% | ||
| Q3 25 | 34.2% | -4.4% | ||
| Q2 25 | 49.6% | 0.2% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 3.6% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | — | $-1.86 | ||
| Q3 25 | $2.14 | $-0.78 | ||
| Q2 25 | $3.67 | $0.03 | ||
| Q1 25 | — | $0.59 | ||
| Q4 24 | — | $0.81 | ||
| Q3 24 | — | $2.01 | ||
| Q2 24 | — | $0.70 | ||
| Q1 24 | — | $0.27 |
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 | $216.9M |
| Total DebtLower is stronger | $2.7B | $590.9M |
| Stockholders' EquityBook value | $984.1M | $1.0B |
| Total Assets | $6.2B | $2.6B |
| Debt / EquityLower = less leverage | 2.76× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | $216.9M | ||
| Q3 25 | — | $186.6M | ||
| Q2 25 | $23.7M | $190.9M | ||
| Q1 25 | — | $196.4M | ||
| Q4 24 | — | $350.2M | ||
| Q3 24 | — | $316.7M | ||
| Q2 24 | — | $386.9M | ||
| Q1 24 | — | $372.7M |
| Q4 25 | $2.7B | $590.9M | ||
| Q3 25 | — | $661.5M | ||
| Q2 25 | — | $544.8M | ||
| Q1 25 | — | $525.9M | ||
| Q4 24 | — | $484.4M | ||
| Q3 24 | — | $526.6M | ||
| Q2 24 | — | $497.4M | ||
| Q1 24 | — | $511.2M |
| Q4 25 | $984.1M | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $727.7M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $962.6M | ||
| Q1 24 | — | $928.2M |
| Q4 25 | $6.2B | $2.6B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | $5.7B | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.6B |
| Q4 25 | 2.76× | 0.58× | ||
| Q3 25 | — | 0.63× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.55× |
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 | $100.6M |
| Free Cash FlowOCF − Capex | $280.0M | $89.8M |
| FCF MarginFCF / Revenue | 42.0% | 18.2% |
| Capex IntensityCapex / Revenue | 27.7% | 2.2% |
| Cash ConversionOCF / Net Profit | 2.38× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-82.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | $100.6M | ||
| Q3 25 | — | $-1.9M | ||
| Q2 25 | $264.1M | $21.7M | ||
| Q1 25 | — | $-155.9M | ||
| Q4 24 | — | $45.8M | ||
| Q3 24 | — | $13.5M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $-48.8M |
| Q4 25 | $280.0M | $89.8M | ||
| Q3 25 | — | $-12.3M | ||
| Q2 25 | — | $9.1M | ||
| Q1 25 | — | $-168.7M | ||
| Q4 24 | — | $33.3M | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $29.7M | ||
| Q1 24 | — | $-53.8M |
| Q4 25 | 42.0% | 18.2% | ||
| Q3 25 | — | -2.4% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | -31.3% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 5.3% | ||
| Q1 24 | — | -10.1% |
| Q4 25 | 27.7% | 2.2% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 2.38× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.89× | 24.11× | ||
| Q1 25 | — | -9.22× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 1.68× | ||
| Q1 24 | — | -6.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DEC
Segment breakdown not available.
VHI
| Chemicals | $418.3M | 85% |
| Real Estate Management And Development | $38.5M | 8% |
| Security Products | $29.5M | 6% |
| Marine Components | $8.2M | 2% |
