vs
Side-by-side financial comparison of DTE Energy (DTE) and MARKEL GROUP INC. (MKL). Click either name above to swap in a different company.
DTE Energy is the larger business by last-quarter revenue ($4.4B vs $3.6B, roughly 1.2× MARKEL GROUP INC.). MARKEL GROUP INC. runs the higher net margin — 16.1% vs 8.3%, a 7.8% gap on every dollar of revenue. On growth, DTE Energy posted the faster year-over-year revenue change (28.9% vs -6.9%). Over the past eight quarters, DTE Energy's revenue compounded faster (16.9% CAGR vs -10.5%).
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.
MARKEL GROUP INC.MKLEarnings & Financial Report
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
DTE vs MKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.4B | $3.6B |
| Net Profit | $369.0M | $576.8M |
| Gross Margin | — | — |
| Operating Margin | 15.9% | 22.2% |
| Net Margin | 8.3% | 16.1% |
| Revenue YoY | 28.9% | -6.9% |
| Net Profit YoY | 26.4% | 5.0% |
| EPS (diluted) | $1.78 | $48.22 |
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 | $3.6B | ||
| Q3 25 | $3.5B | $3.9B | ||
| Q2 25 | $3.4B | $4.6B | ||
| Q1 25 | $4.4B | $3.4B | ||
| Q4 24 | $3.4B | $3.8B | ||
| Q3 24 | $2.9B | $4.6B | ||
| Q2 24 | $2.9B | $3.7B | ||
| Q1 24 | $3.2B | $4.5B |
| Q4 25 | $369.0M | $576.8M | ||
| Q3 25 | $419.0M | $751.3M | ||
| Q2 25 | $229.0M | $657.1M | ||
| Q1 25 | $445.0M | $121.7M | ||
| Q4 24 | $292.0M | $549.2M | ||
| Q3 24 | $477.0M | $905.0M | ||
| Q2 24 | $322.0M | $267.7M | ||
| Q1 24 | $313.0M | $1.0B |
| Q4 25 | 15.9% | 22.2% | ||
| Q3 25 | 17.6% | 25.7% | ||
| Q2 25 | 12.5% | 24.1% | ||
| Q1 25 | 14.1% | 8.3% | ||
| Q4 24 | 16.2% | 15.5% | ||
| Q3 24 | 17.8% | 29.7% | ||
| Q2 24 | 17.5% | 11.1% | ||
| Q1 24 | 16.0% | 29.9% |
| Q4 25 | 8.3% | 16.1% | ||
| Q3 25 | 11.9% | 19.1% | ||
| Q2 25 | 6.7% | 14.3% | ||
| Q1 25 | 10.0% | 3.6% | ||
| Q4 24 | 8.5% | 14.3% | ||
| Q3 24 | 16.4% | 19.6% | ||
| Q2 24 | 11.2% | 7.2% | ||
| Q1 24 | 9.7% | 23.0% |
| Q4 25 | $1.78 | $48.22 | ||
| Q3 25 | $2.01 | $59.25 | ||
| Q2 25 | $1.10 | $49.67 | ||
| Q1 25 | $2.14 | $12.08 | ||
| Q4 24 | $1.41 | $39.02 | ||
| Q3 24 | $2.30 | $66.25 | ||
| Q2 24 | $1.55 | $18.62 | ||
| Q1 24 | $1.51 | $75.43 |
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 | $4.0B |
| Total DebtLower is stronger | $23.8B | $4.3B |
| Stockholders' EquityBook value | $12.3B | $18.6B |
| Total Assets | $54.1B | $68.9B |
| Debt / EquityLower = less leverage | 1.93× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.0M | $4.0B | ||
| Q3 25 | $34.0M | $4.0B | ||
| Q2 25 | $32.0M | $3.7B | ||
| Q1 25 | $33.0M | $4.2B | ||
| Q4 24 | $24.0M | $3.7B | ||
| Q3 24 | $969.0M | $3.9B | ||
| Q2 24 | $20.0M | $3.5B | ||
| Q1 24 | $292.0M | $3.6B |
| Q4 25 | $23.8B | $4.3B | ||
| Q3 25 | $24.5B | $4.3B | ||
| Q2 25 | $22.9B | $4.4B | ||
| Q1 25 | $21.8B | $4.4B | ||
| Q4 24 | $20.7B | $4.3B | ||
| Q3 24 | $20.5B | $4.4B | ||
| Q2 24 | $19.3B | $4.4B | ||
| Q1 24 | $19.2B | $3.9B |
| Q4 25 | $12.3B | $18.6B | ||
| Q3 25 | $12.2B | $18.0B | ||
| Q2 25 | $11.7B | $17.3B | ||
| Q1 25 | $11.9B | $17.1B | ||
| Q4 24 | $11.7B | $16.9B | ||
| Q3 24 | $11.6B | $17.0B | ||
| Q2 24 | $11.1B | $15.9B | ||
| Q1 24 | $11.2B | $15.7B |
| Q4 25 | $54.1B | $68.9B | ||
| Q3 25 | $52.0B | $67.4B | ||
| Q2 25 | $50.2B | $66.8B | ||
| Q1 25 | $49.6B | $64.6B | ||
| Q4 24 | $48.8B | $61.9B | ||
| Q3 24 | $49.8B | $62.3B | ||
| Q2 24 | $47.8B | $59.7B | ||
| Q1 24 | $45.9B | $57.3B |
| Q4 25 | 1.93× | 0.23× | ||
| Q3 25 | 2.01× | 0.24× | ||
| Q2 25 | 1.96× | 0.25× | ||
| Q1 25 | 1.83× | 0.26× | ||
| Q4 24 | 1.77× | 0.26× | ||
| Q3 24 | 1.76× | 0.26× | ||
| Q2 24 | 1.74× | 0.28× | ||
| Q1 24 | 1.72× | 0.25× |
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 | $662.2M |
| Free Cash FlowOCF − Capex | — | $599.1M |
| FCF MarginFCF / Revenue | — | 16.7% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | 2.84× | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $662.2M | ||
| Q3 25 | $632.0M | $1.2B | ||
| Q2 25 | $709.0M | $504.4M | ||
| Q1 25 | $1.0B | $376.2M | ||
| Q4 24 | $1.1B | $493.9M | ||
| Q3 24 | $758.0M | $890.8M | ||
| Q2 24 | $759.0M | $578.6M | ||
| Q1 24 | $1.0B | $630.7M |
| Q4 25 | — | $599.1M | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $453.8M | ||
| Q1 25 | — | $335.5M | ||
| Q4 24 | — | $420.0M | ||
| Q3 24 | — | $838.9M | ||
| Q2 24 | — | $521.4M | ||
| Q1 24 | — | $558.7M |
| Q4 25 | — | 16.7% | ||
| Q3 25 | — | 29.6% | ||
| Q2 25 | — | 9.9% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 14.1% | ||
| Q1 24 | — | 12.5% |
| Q4 25 | — | 1.8% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | 2.84× | 1.15× | ||
| Q3 25 | 1.51× | 1.62× | ||
| Q2 25 | 3.10× | 0.77× | ||
| Q1 25 | 2.29× | 3.09× | ||
| Q4 24 | 3.71× | 0.90× | ||
| Q3 24 | 1.59× | 0.98× | ||
| Q2 24 | 2.36× | 2.16× | ||
| Q1 24 | 3.33× | 0.62× |
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% |
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
