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Side-by-side financial comparison of DTE Energy (DTE) and Freeport-McMoRan (FCX). Click either name above to swap in a different company.
Freeport-McMoRan is the larger business by last-quarter revenue ($5.3B vs $4.4B, roughly 1.2× DTE Energy). Freeport-McMoRan runs the higher net margin — 10.7% vs 8.3%, a 2.4% gap on every dollar of revenue. On growth, DTE Energy posted the faster year-over-year revenue change (28.9% vs -10.4%). Over the past eight quarters, DTE Energy's revenue compounded faster (16.9% CAGR vs -7.9%).
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.
Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia.
DTE vs FCX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.4B | $5.3B |
| Net Profit | $369.0M | $565.0M |
| Gross Margin | — | 12.4% |
| Operating Margin | 15.9% | 15.4% |
| Net Margin | 8.3% | 10.7% |
| Revenue YoY | 28.9% | -10.4% |
| Net Profit YoY | 26.4% | -21.6% |
| EPS (diluted) | $1.78 | — |
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 | $4.4B | $5.3B | ||
| Q3 25 | $3.5B | $6.8B | ||
| Q2 25 | $3.4B | $7.5B | ||
| Q1 25 | $4.4B | $5.6B | ||
| Q4 24 | $3.4B | $5.9B | ||
| Q3 24 | $2.9B | $6.7B | ||
| Q2 24 | $2.9B | $6.4B | ||
| Q1 24 | $3.2B | $6.2B |
| Q4 25 | $369.0M | $565.0M | ||
| Q3 25 | $419.0M | $1.2B | ||
| Q2 25 | $229.0M | $1.5B | ||
| Q1 25 | $445.0M | $793.0M | ||
| Q4 24 | $292.0M | $721.0M | ||
| Q3 24 | $477.0M | $1.2B | ||
| Q2 24 | $322.0M | $1.3B | ||
| Q1 24 | $313.0M | $1.2B |
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | 29.2% | ||
| Q2 25 | — | 34.2% | ||
| Q1 25 | — | 24.3% | ||
| Q4 24 | — | 27.0% | ||
| Q3 24 | — | 30.0% | ||
| Q2 24 | — | 31.5% | ||
| Q1 24 | — | 28.5% |
| Q4 25 | 15.9% | 15.4% | ||
| Q3 25 | 17.6% | 28.9% | ||
| Q2 25 | 12.5% | 32.3% | ||
| Q1 25 | 14.1% | 23.4% | ||
| Q4 24 | 16.2% | 21.1% | ||
| Q3 24 | 17.8% | 29.0% | ||
| Q2 24 | 17.5% | 32.0% | ||
| Q1 24 | 16.0% | 26.3% |
| Q4 25 | 8.3% | 10.7% | ||
| Q3 25 | 11.9% | 18.3% | ||
| Q2 25 | 6.7% | 20.6% | ||
| Q1 25 | 10.0% | 14.2% | ||
| Q4 24 | 8.5% | 12.3% | ||
| Q3 24 | 16.4% | 18.5% | ||
| Q2 24 | 11.2% | 20.0% | ||
| Q1 24 | 9.7% | 18.7% |
| Q4 25 | $1.78 | — | ||
| Q3 25 | $2.01 | $0.46 | ||
| Q2 25 | $1.10 | $0.53 | ||
| Q1 25 | $2.14 | $0.24 | ||
| Q4 24 | $1.41 | — | ||
| Q3 24 | $2.30 | $0.36 | ||
| Q2 24 | $1.55 | $0.42 | ||
| Q1 24 | $1.51 | $0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $208.0M | $3.8B |
| Total DebtLower is stronger | $23.8B | $9.4B |
| Stockholders' EquityBook value | $12.3B | $18.9B |
| Total Assets | $54.1B | $58.2B |
| Debt / EquityLower = less leverage | 1.93× | 0.50× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.0M | $3.8B | ||
| Q3 25 | $34.0M | $4.3B | ||
| Q2 25 | $32.0M | $4.5B | ||
| Q1 25 | $33.0M | $4.4B | ||
| Q4 24 | $24.0M | $3.9B | ||
| Q3 24 | $969.0M | $5.0B | ||
| Q2 24 | $20.0M | $5.3B | ||
| Q1 24 | $292.0M | $5.2B |
| Q4 25 | $23.8B | $9.4B | ||
| Q3 25 | $24.5B | — | ||
| Q2 25 | $22.9B | — | ||
| Q1 25 | $21.8B | $9.4B | ||
| Q4 24 | $20.7B | $8.9B | ||
| Q3 24 | $20.5B | $9.7B | ||
| Q2 24 | $19.3B | $9.4B | ||
| Q1 24 | $19.2B | $9.4B |
| Q4 25 | $12.3B | $18.9B | ||
| Q3 25 | $12.2B | $18.7B | ||
| Q2 25 | $11.7B | $18.2B | ||
| Q1 25 | $11.9B | $17.7B | ||
| Q4 24 | $11.7B | $17.6B | ||
| Q3 24 | $11.6B | $17.5B | ||
| Q2 24 | $11.1B | $17.4B | ||
| Q1 24 | $11.2B | $17.0B |
| Q4 25 | $54.1B | $58.2B | ||
| Q3 25 | $52.0B | $56.8B | ||
| Q2 25 | $50.2B | $56.5B | ||
| Q1 25 | $49.6B | $56.0B | ||
| Q4 24 | $48.8B | $54.8B | ||
| Q3 24 | $49.8B | $55.4B | ||
| Q2 24 | $47.8B | $54.6B | ||
| Q1 24 | $45.9B | $54.2B |
| Q4 25 | 1.93× | 0.50× | ||
| Q3 25 | 2.01× | — | ||
| Q2 25 | 1.96× | — | ||
| Q1 25 | 1.83× | 0.53× | ||
| Q4 24 | 1.77× | 0.51× | ||
| Q3 24 | 1.76× | 0.55× | ||
| Q2 24 | 1.74× | 0.54× | ||
| Q1 24 | 1.72× | 0.56× |
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 | $1.0B | $693.0M |
| Free Cash FlowOCF − Capex | — | $-312.0M |
| FCF MarginFCF / Revenue | — | -5.9% |
| Capex IntensityCapex / Revenue | — | 19.1% |
| Cash ConversionOCF / Net Profit | 2.84× | 1.23× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $693.0M | ||
| Q3 25 | $632.0M | $1.7B | ||
| Q2 25 | $709.0M | $2.2B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $758.0M | $1.9B | ||
| Q2 24 | $759.0M | $2.0B | ||
| Q1 24 | $1.0B | $1.9B |
| Q4 25 | — | $-312.0M | ||
| Q3 25 | — | $608.0M | ||
| Q2 25 | — | $934.0M | ||
| Q1 25 | — | $-114.0M | ||
| Q4 24 | — | $197.0M | ||
| Q3 24 | — | $673.0M | ||
| Q2 24 | — | $840.0M | ||
| Q1 24 | — | $642.0M |
| Q4 25 | — | -5.9% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 10.3% |
| Q4 25 | — | 19.1% | ||
| Q3 25 | — | 15.5% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 21.0% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 20.2% |
| Q4 25 | 2.84× | 1.23× | ||
| Q3 25 | 1.51× | 1.33× | ||
| Q2 25 | 3.10× | 1.42× | ||
| Q1 25 | 2.29× | 1.33× | ||
| Q4 24 | 3.71× | 1.99× | ||
| Q3 24 | 1.59× | 1.51× | ||
| Q2 24 | 2.36× | 1.53× | ||
| Q1 24 | 3.33× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DTE
| Electric Segment | $1.8B | 40% |
| Residential | $723.0M | 16% |
| Gas Segment | $651.0M | 15% |
| Commercial | $524.0M | 12% |
| Other | $333.0M | 8% |
| DTE Vantage Segment | $176.0M | 4% |
| Industrial | $159.0M | 4% |
| End User Transportation | $69.0M | 2% |
| Intermediate Transportation | $25.0M | 1% |
FCX
| Morenci | $2.5B | 47% |
| Grasberg Segment | $964.0M | 18% |
| Copper In Concentrates | $934.0M | 18% |
| Molybdenum | $541.0M | 10% |
| Gold | $388.0M | 7% |
