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Side-by-side financial comparison of DTE Energy (DTE) and McDonald's (MCD). Click either name above to swap in a different company.
McDonald's is the larger business by last-quarter revenue ($7.0B vs $4.4B, roughly 1.6× DTE Energy). McDonald's runs the higher net margin — 30.9% vs 8.3%, a 22.5% gap on every dollar of revenue. On growth, DTE Energy posted the faster year-over-year revenue change (28.9% vs 9.7%). Over the past eight quarters, DTE Energy's revenue compounded faster (16.9% CAGR vs 6.6%).
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.
McDonald's Corporation, doing business as McDonald's, is an American multinational fast food restaurant chain. As of 2024, it is the second-largest by number of locations in the world, behind the Chinese chain Mixue Ice Cream & Tea.
DTE vs MCD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.4B | $7.0B |
| Net Profit | $369.0M | $2.2B |
| Gross Margin | — | — |
| Operating Margin | 15.9% | 45.0% |
| Net Margin | 8.3% | 30.9% |
| Revenue YoY | 28.9% | 9.7% |
| Net Profit YoY | 26.4% | 7.3% |
| EPS (diluted) | $1.78 | $3.03 |
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 | $7.0B | ||
| Q3 25 | $3.5B | $7.1B | ||
| Q2 25 | $3.4B | $6.8B | ||
| Q1 25 | $4.4B | $6.0B | ||
| Q4 24 | $3.4B | $6.4B | ||
| Q3 24 | $2.9B | $6.9B | ||
| Q2 24 | $2.9B | $6.5B | ||
| Q1 24 | $3.2B | $6.2B |
| Q4 25 | $369.0M | $2.2B | ||
| Q3 25 | $419.0M | $2.3B | ||
| Q2 25 | $229.0M | $2.3B | ||
| Q1 25 | $445.0M | $1.9B | ||
| Q4 24 | $292.0M | $2.0B | ||
| Q3 24 | $477.0M | $2.3B | ||
| Q2 24 | $322.0M | $2.0B | ||
| Q1 24 | $313.0M | $1.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 90.6% | ||
| Q2 25 | — | 90.4% | ||
| Q1 25 | — | 89.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 90.6% | ||
| Q2 24 | — | 90.3% | ||
| Q1 24 | — | 89.8% |
| Q4 25 | 15.9% | 45.0% | ||
| Q3 25 | 17.6% | 47.4% | ||
| Q2 25 | 12.5% | 47.2% | ||
| Q1 25 | 14.1% | 44.5% | ||
| Q4 24 | 16.2% | 44.9% | ||
| Q3 24 | 17.8% | 46.4% | ||
| Q2 24 | 17.5% | 45.0% | ||
| Q1 24 | 16.0% | 44.4% |
| Q4 25 | 8.3% | 30.9% | ||
| Q3 25 | 11.9% | 32.2% | ||
| Q2 25 | 6.7% | 32.9% | ||
| Q1 25 | 10.0% | 31.4% | ||
| Q4 24 | 8.5% | 31.6% | ||
| Q3 24 | 16.4% | 32.8% | ||
| Q2 24 | 11.2% | 31.2% | ||
| Q1 24 | 9.7% | 31.3% |
| Q4 25 | $1.78 | $3.03 | ||
| Q3 25 | $2.01 | $3.18 | ||
| Q2 25 | $1.10 | $3.14 | ||
| Q1 25 | $2.14 | $2.60 | ||
| Q4 24 | $1.41 | $2.80 | ||
| Q3 24 | $2.30 | $3.13 | ||
| Q2 24 | $1.55 | $2.80 | ||
| Q1 24 | $1.51 | $2.66 |
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 | $774.0M |
| Total DebtLower is stronger | $23.8B | $40.0B |
| Stockholders' EquityBook value | $12.3B | $-1.8B |
| Total Assets | $54.1B | $59.5B |
| Debt / EquityLower = less leverage | 1.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.0M | $774.0M | ||
| Q3 25 | $34.0M | $2.4B | ||
| Q2 25 | $32.0M | $1.9B | ||
| Q1 25 | $33.0M | $1.2B | ||
| Q4 24 | $24.0M | $1.1B | ||
| Q3 24 | $969.0M | $1.2B | ||
| Q2 24 | $20.0M | $792.0M | ||
| Q1 24 | $292.0M | $838.0M |
| Q4 25 | $23.8B | $40.0B | ||
| Q3 25 | $24.5B | — | ||
| Q2 25 | $22.9B | — | ||
| Q1 25 | $21.8B | — | ||
| Q4 24 | $20.7B | $38.4B | ||
| Q3 24 | $20.5B | — | ||
| Q2 24 | $19.3B | — | ||
| Q1 24 | $19.2B | — |
| Q4 25 | $12.3B | $-1.8B | ||
| Q3 25 | $12.2B | $-2.2B | ||
| Q2 25 | $11.7B | $-2.8B | ||
| Q1 25 | $11.9B | $-3.5B | ||
| Q4 24 | $11.7B | $-3.8B | ||
| Q3 24 | $11.6B | $-5.2B | ||
| Q2 24 | $11.1B | $-4.8B | ||
| Q1 24 | $11.2B | $-4.8B |
| Q4 25 | $54.1B | $59.5B | ||
| Q3 25 | $52.0B | $60.6B | ||
| Q2 25 | $50.2B | $59.6B | ||
| Q1 25 | $49.6B | $56.3B | ||
| Q4 24 | $48.8B | $55.2B | ||
| Q3 24 | $49.8B | $56.2B | ||
| Q2 24 | $47.8B | $53.8B | ||
| Q1 24 | $45.9B | $53.5B |
| Q4 25 | 1.93× | — | ||
| Q3 25 | 2.01× | — | ||
| Q2 25 | 1.96× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.76× | — | ||
| Q2 24 | 1.74× | — | ||
| Q1 24 | 1.72× | — |
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 | $2.7B |
| Free Cash FlowOCF − Capex | — | $1.6B |
| FCF MarginFCF / Revenue | — | 23.4% |
| Capex IntensityCapex / Revenue | — | 15.1% |
| Cash ConversionOCF / Net Profit | 2.84× | 1.25× |
| TTM Free Cash FlowTrailing 4 quarters | — | $7.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $2.7B | ||
| Q3 25 | $632.0M | $3.4B | ||
| Q2 25 | $709.0M | $2.0B | ||
| Q1 25 | $1.0B | $2.4B | ||
| Q4 24 | $1.1B | $2.6B | ||
| Q3 24 | $758.0M | $2.7B | ||
| Q2 24 | $759.0M | $1.7B | ||
| Q1 24 | $1.0B | $2.4B |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.8B |
| Q4 25 | — | 23.4% | ||
| Q3 25 | — | 34.1% | ||
| Q2 25 | — | 18.3% | ||
| Q1 25 | — | 31.5% | ||
| Q4 24 | — | 28.6% | ||
| Q3 24 | — | 28.3% | ||
| Q2 24 | — | 16.3% | ||
| Q1 24 | — | 29.9% |
| Q4 25 | — | 15.1% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 8.9% |
| Q4 25 | 2.84× | 1.25× | ||
| Q3 25 | 1.51× | 1.50× | ||
| Q2 25 | 3.10× | 0.89× | ||
| Q1 25 | 2.29× | 1.30× | ||
| Q4 24 | 3.71× | 1.30× | ||
| Q3 24 | 1.59× | 1.21× | ||
| Q2 24 | 2.36× | 0.84× | ||
| Q1 24 | 3.33× | 1.24× |
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% |
MCD
| International Operated Markets | $3.6B | 51% |
| Other | $2.8B | 40% |
| International Developmental Licensed Marketsand Corporate | $633.0M | 9% |
