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Side-by-side financial comparison of DTE Energy (DTE) and LPL Financial Holdings Inc. (LPLA). Click either name above to swap in a different company.
LPL Financial Holdings Inc. is the larger business by last-quarter revenue ($4.9B vs $4.4B, roughly 1.1× DTE Energy). DTE Energy runs the higher net margin — 8.3% vs 6.1%, a 2.2% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (40.4% vs 28.9%). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (32.0% CAGR vs 16.9%).
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.
LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.
DTE vs LPLA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.4B | $4.9B |
| Net Profit | $369.0M | $300.7M |
| Gross Margin | — | — |
| Operating Margin | 15.9% | 8.1% |
| Net Margin | 8.3% | 6.1% |
| Revenue YoY | 28.9% | 40.4% |
| Net Profit YoY | 26.4% | 11.1% |
| EPS (diluted) | $1.78 | $3.65 |
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 | $4.9B | ||
| Q3 25 | $3.5B | $4.6B | ||
| Q2 25 | $3.4B | $3.8B | ||
| Q1 25 | $4.4B | $3.7B | ||
| Q4 24 | $3.4B | $3.5B | ||
| Q3 24 | $2.9B | $3.1B | ||
| Q2 24 | $2.9B | $2.9B | ||
| Q1 24 | $3.2B | $2.8B |
| Q4 25 | $369.0M | $300.7M | ||
| Q3 25 | $419.0M | $-29.5M | ||
| Q2 25 | $229.0M | $273.2M | ||
| Q1 25 | $445.0M | $318.6M | ||
| Q4 24 | $292.0M | $270.7M | ||
| Q3 24 | $477.0M | $255.3M | ||
| Q2 24 | $322.0M | $243.8M | ||
| Q1 24 | $313.0M | $288.8M |
| Q4 25 | 15.9% | 8.1% | ||
| Q3 25 | 17.6% | -0.7% | ||
| Q2 25 | 12.5% | 9.6% | ||
| Q1 25 | 14.1% | 11.4% | ||
| Q4 24 | 16.2% | 9.7% | ||
| Q3 24 | 17.8% | 11.2% | ||
| Q2 24 | 17.5% | 11.3% | ||
| Q1 24 | 16.0% | 13.2% |
| Q4 25 | 8.3% | 6.1% | ||
| Q3 25 | 11.9% | -0.6% | ||
| Q2 25 | 6.7% | 7.1% | ||
| Q1 25 | 10.0% | 8.7% | ||
| Q4 24 | 8.5% | 7.7% | ||
| Q3 24 | 16.4% | 8.2% | ||
| Q2 24 | 11.2% | 8.3% | ||
| Q1 24 | 9.7% | 10.2% |
| Q4 25 | $1.78 | $3.65 | ||
| Q3 25 | $2.01 | $-0.37 | ||
| Q2 25 | $1.10 | $3.40 | ||
| Q1 25 | $2.14 | $4.24 | ||
| Q4 24 | $1.41 | $3.58 | ||
| Q3 24 | $2.30 | $3.39 | ||
| Q2 24 | $1.55 | $3.23 | ||
| Q1 24 | $1.51 | $3.83 |
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 | $1.1B |
| Total DebtLower is stronger | $23.8B | $7.3B |
| Stockholders' EquityBook value | $12.3B | $5.3B |
| Total Assets | $54.1B | $18.5B |
| Debt / EquityLower = less leverage | 1.93× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.0M | $1.1B | ||
| Q3 25 | $34.0M | $1.6B | ||
| Q2 25 | $32.0M | $4.3B | ||
| Q1 25 | $33.0M | $1.4B | ||
| Q4 24 | $24.0M | $1.0B | ||
| Q3 24 | $969.0M | $1.6B | ||
| Q2 24 | $20.0M | $1.4B | ||
| Q1 24 | $292.0M | $1.2B |
| Q4 25 | $23.8B | $7.3B | ||
| Q3 25 | $24.5B | $7.5B | ||
| Q2 25 | $22.9B | $7.2B | ||
| Q1 25 | $21.8B | $5.7B | ||
| Q4 24 | $20.7B | $5.5B | ||
| Q3 24 | $20.5B | $4.4B | ||
| Q2 24 | $19.3B | $4.4B | ||
| Q1 24 | $19.2B | $3.9B |
| Q4 25 | $12.3B | $5.3B | ||
| Q3 25 | $12.2B | $5.0B | ||
| Q2 25 | $11.7B | $5.1B | ||
| Q1 25 | $11.9B | $3.1B | ||
| Q4 24 | $11.7B | $2.9B | ||
| Q3 24 | $11.6B | $2.8B | ||
| Q2 24 | $11.1B | $2.5B | ||
| Q1 24 | $11.2B | $2.3B |
| Q4 25 | $54.1B | $18.5B | ||
| Q3 25 | $52.0B | $18.0B | ||
| Q2 25 | $50.2B | $17.5B | ||
| Q1 25 | $49.6B | $14.0B | ||
| Q4 24 | $48.8B | $13.3B | ||
| Q3 24 | $49.8B | $11.9B | ||
| Q2 24 | $47.8B | $11.5B | ||
| Q1 24 | $45.9B | $11.0B |
| Q4 25 | 1.93× | 1.36× | ||
| Q3 25 | 2.01× | 1.49× | ||
| Q2 25 | 1.96× | 1.41× | ||
| Q1 25 | 1.83× | 1.82× | ||
| Q4 24 | 1.77× | 1.87× | ||
| Q3 24 | 1.76× | 1.60× | ||
| Q2 24 | 1.74× | 1.77× | ||
| Q1 24 | 1.72× | 1.70× |
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 | $785.0M |
| Free Cash FlowOCF − Capex | — | $613.3M |
| FCF MarginFCF / Revenue | — | 12.4% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | 2.84× | 2.61× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-981.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $785.0M | ||
| Q3 25 | $632.0M | $-1.7B | ||
| Q2 25 | $709.0M | $193.3M | ||
| Q1 25 | $1.0B | $339.8M | ||
| Q4 24 | $1.1B | $-178.8M | ||
| Q3 24 | $758.0M | $209.3M | ||
| Q2 24 | $759.0M | $-178.9M | ||
| Q1 24 | $1.0B | $425.9M |
| Q4 25 | — | $613.3M | ||
| Q3 25 | — | $-1.9B | ||
| Q2 25 | — | $56.3M | ||
| Q1 25 | — | $220.3M | ||
| Q4 24 | — | $-344.3M | ||
| Q3 24 | — | $62.3M | ||
| Q2 24 | — | $-307.8M | ||
| Q1 24 | — | $304.9M |
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | -41.1% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | -9.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | -10.5% | ||
| Q1 24 | — | 10.8% |
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 4.3% |
| Q4 25 | 2.84× | 2.61× | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 3.10× | 0.71× | ||
| Q1 25 | 2.29× | 1.07× | ||
| Q4 24 | 3.71× | -0.66× | ||
| Q3 24 | 1.59× | 0.82× | ||
| Q2 24 | 2.36× | -0.73× | ||
| Q1 24 | 3.33× | 1.47× |
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% |
LPLA
Segment breakdown not available.
