DTE vs. FE: DTE Energy vs. FirstEnergy Stock Comparison

November 11, 2026

How do DTE Energy (DTE) and FirstEnergy (FE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

DTE Energy (DTE) and FirstEnergy (FE) both fall under the Utilities industry group, but DTE is classified in Multi-Utilities while FE is classified in Electric Utilities.

Company profile comparison for DTE Energy (DTE) and FirstEnergy (FE)
Profile Item	DTE	FE
Name	DTE Energy Company	FirstEnergy Corp.
Country/Region	United States	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Multi-Utilities	Electric Utilities
GICS Sub-Industry	Multi-Utilities	Electric Utilities
Market Capitalization	28.12 billion USD	26.88 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 1962	November 10, 1997
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

DTE

GSPC

DTE Energy (DTE) vs. FirstEnergy (FE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for DTE Energy (DTE) and FirstEnergy (FE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for DTE Energy (DTE) and FirstEnergy (FE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for DTE Energy (DTE) and FirstEnergy (FE)
Metric	DTE	FE
Total Return (1Y)	4.52%	5.62%
Total Return (3Y, Annualized)	15.85%	14.20%
Total Return (5Y, Annualized)	7.71%	8.32%

Risk Profile

Drawdown History

DTE

GSPC

DTE Energy (DTE) vs. FirstEnergy (FE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for DTE Energy (DTE) and FirstEnergy (FE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for DTE Energy (DTE) and FirstEnergy (FE)
Metric	DTE	FE
Volatility (1Y, Annualized)	17.96%	16.31%
Beta (5Y)	0.34	0.39
Max Drawdown (5Y)	-28.92%	-28.59%
Avg. Volume (3M)	1.52M	4.29M

Risk-Adjusted Performance

Risk-Return Positioning

DTE and FE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for DTE Energy (DTE) and FirstEnergy (FE)
Metric	DTE	FE
Sharpe Ratio (1Y)	0.01	0.08
Sortino Ratio (1Y)	0.02	0.11

Profitability

ROE (TTM)

Both DTE Energy (DTE) at 11.02% and FirstEnergy (FE) at 10.04% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

DTE

Utilities industry group

11.02%

Max: 17.99%
Q3: 12.01%
DTE: 11.02%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

FE

Utilities industry group

10.04%

Max: 17.99%
Q3: 12.01%
FE: 10.04%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

DTE Energy (DTE) vs. FirstEnergy (FE): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both DTE Energy (DTE) at 8.21% and FirstEnergy (FE) at 7.49% let more of each sales dollar slip away before the bottom line than peers do, sitting in the lower net margin quartile of their industries.

DTE

Utilities industry group

8.21%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
Q1: 9.18%
DTE: 8.21%
Min: -0.20%

FE

Utilities industry group

7.49%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
Q1: 9.18%
FE: 7.49%
Min: -0.20%

DTE Energy (DTE) vs. FirstEnergy (FE): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both DTE Energy (DTE) at 16.21% and FirstEnergy (FE) at 21.24% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

DTE

Utilities industry group

16.21%

Max: 53.83%
Q3: 31.12%
Median: 23.62%
DTE: 16.21%
Q1: 15.45%
Min: -4.90%

FE

Utilities industry group

21.24%

Max: 53.83%
Q3: 31.12%
Median: 23.62%
FE: 21.24%
Q1: 15.45%
Min: -4.90%

DTE Energy (DTE) vs. FirstEnergy (FE): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for DTE Energy (DTE) and FirstEnergy (FE)
Metric	DTE	FE
ROE (TTM)	11.02%	10.04%
ROA (TTM)	2.62%	3.66%
Net Margin (TTM)	8.21%	7.49%
Operating Margin (TTM)	16.21%	21.24%
Gross Margin (TTM)	28.89%	69.63%

Growth

Revenue Growth

DTE Energy (DTE) at 26.95% sits in the top revenue growth quartile, while FirstEnergy (FE) at 12.01% is closer to the peer norm — faster top-line expansion for DTE.

DTE Energy (DTE) vs. FirstEnergy (FE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both DTE Energy (DTE) at 3.84% and FirstEnergy (FE) at 3.53% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

DTE Energy (DTE) vs. FirstEnergy (FE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DTE Energy (DTE) and FirstEnergy (FE)
Metric	DTE	FE
Revenue Growth (YoY)	26.95%	12.01%
Revenue Growth (3Y CAGR)	-6.31%	6.59%
EPS Growth (YoY)	3.84%	3.53%
EPS Growth (3Y CAGR)	8.39%	35.34%

Financial Strength

Current Ratio (MRQ)

Both DTE Energy (DTE) at 0.62 and FirstEnergy (FE) at 0.38 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

DTE

Utilities industry group

0.62

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
DTE: 0.62
Min: 0.29

FE

Utilities industry group

0.38

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
FE: 0.38
Min: 0.29

DTE Energy (DTE) vs. FirstEnergy (FE): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both DTE Energy (DTE) at 2.27 and FirstEnergy (FE) at 2.07 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

DTE

Utilities industry group

2.27

Max: 2.63
DTE: 2.27
Q3: 1.77
Median: 1.35
Q1: 0.84
Min: 0.00

FE

Utilities industry group

2.07

Max: 2.63
FE: 2.07
Q3: 1.77
Median: 1.35
Q1: 0.84
Min: 0.00

DTE Energy (DTE) vs. FirstEnergy (FE): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for DTE Energy (DTE) and FirstEnergy (FE)
Metric	DTE	FE
Current Ratio (MRQ)	0.62	0.38
Debt / Equity (MRQ)	2.27	2.07
Net Debt / EBITDA	8.00	5.85

Dividends

Dividend Yield (TTM)

FirstEnergy (FE) at 3.90% delivers top-quartile income for its industry, while DTE Energy (DTE) at 3.46% pays a more typical yield — both are credible income propositions, FE the richer one.

DTE

Utilities industry group

3.46%

Max: 6.66%
Q3: 3.58%
DTE: 3.46%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

FE

Utilities industry group

3.90%

Max: 6.66%
FE: 3.90%
Q3: 3.58%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

DTE Energy (DTE) vs. FirstEnergy (FE): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both DTE Energy (DTE) at 71.04% and FirstEnergy (FE) at 87.92% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

DTE

Utilities industry group

71.04%

Max: 113.04%
DTE: 71.04%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

FE

Utilities industry group

87.92%

Max: 113.04%
FE: 87.92%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

DTE Energy (DTE) vs. FirstEnergy (FE): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for DTE Energy (DTE) and FirstEnergy (FE)
Metric	DTE	FE
Dividend Yield (TTM)	3.46%	3.90%
Dividend Payout Ratio (TTM)	71.04%	87.92%

Valuation

P/E Ratio (TTM)

Both DTE Energy (DTE) at 20.59 and FirstEnergy (FE) at 22.43 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

DTE

Utilities industry group

20.59

Max: 31.22
Q3: 23.30
DTE: 20.59
Median: 19.64
Q1: 15.17
Min: 3.34

FE

Utilities industry group

22.43

Max: 31.22
Q3: 23.30
FE: 22.43
Median: 19.64
Q1: 15.17
Min: 3.34

DTE Energy (DTE) vs. FirstEnergy (FE): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both DTE Energy (DTE) at 1.69 and FirstEnergy (FE) at 1.68 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

DTE

Utilities industry group

1.69

Max: 6.35
Q3: 3.63
Median: 2.63
DTE: 1.69
Q1: 1.52
Min: 0.00

FE

Utilities industry group

1.68

Max: 6.35
Q3: 3.63
Median: 2.63
FE: 1.68
Q1: 1.52
Min: 0.00

DTE Energy (DTE) vs. FirstEnergy (FE): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

FirstEnergy (FE) at 2.07 is valued about in line with its industry on P/B ratio, while DTE Energy (DTE) at 2.22 carries an above-peer premium to book — DTE is pricier on assets.

DTE

Utilities industry group

2.22

Max: 3.12
DTE: 2.22
Q3: 2.21
Median: 1.83
Q1: 1.46
Min: 0.34

FE

Utilities industry group

2.07

Max: 3.12
Q3: 2.21
FE: 2.07
Median: 1.83
Q1: 1.46
Min: 0.34

DTE Energy (DTE) vs. FirstEnergy (FE): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for DTE Energy (DTE) and FirstEnergy (FE)
Metric	DTE	FE
P/E Ratio (TTM)	20.59	22.43
P/S Ratio (TTM)	1.69	1.68
P/B Ratio (MRQ)	2.22	2.07
Free Cash Flow Yield (TTM)	-9.61%	-9.48%