DTE vs. NGG: DTE Energy vs. National Grid Stock Comparison

November 11, 2026

How do DTE Energy (DTE) and National Grid (NGG) 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 National Grid (NGG) are both classified in the Multi-Utilities sub-industry within the broader Multi-Utilities industry, placing them in the closest GICS peer bucket.

DTE Energy (DTE) trades as ordinary local shares, while National Grid (NGG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for DTE Energy (DTE) and National Grid (NGG)
Profile Item	DTE	NGG
Name	DTE Energy Company	National Grid plc Sponsored ADR
Country/Region	United States	United Kingdom
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Multi-Utilities	Multi-Utilities
GICS Sub-Industry	Multi-Utilities	Multi-Utilities
Market Capitalization	28.12 billion USD	83.60 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 1962	August 10, 2005
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

DTE

NGG

GSPC

DTE Energy (DTE) vs. National Grid (NGG), 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 National Grid (NGG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for DTE Energy (DTE) and National Grid (NGG)
Metric	DTE	NGG
Total Return (1Y)	4.52%	13.00%
Total Return (3Y, Annualized)	15.85%	19.82%
Total Return (5Y, Annualized)	7.71%	12.34%

Risk Profile

Drawdown History

DTE

NGG

GSPC

DTE Energy (DTE) vs. National Grid (NGG), 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 National Grid (NGG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for DTE Energy (DTE) and National Grid (NGG)
Metric	DTE	NGG
Volatility (1Y, Annualized)	17.96%	22.32%
Beta (5Y)	0.34	0.73
Max Drawdown (5Y)	-28.92%	-39.20%
Avg. Volume (3M)	1.52M	911.70K

Risk-Adjusted Performance

Risk-Return Positioning

DTE and NGG 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 National Grid (NGG)
Metric	DTE	NGG
Sharpe Ratio (1Y)	0.01	0.39
Sortino Ratio (1Y)	0.02	0.54

Profitability

ROE (TTM)

Both DTE Energy (DTE) at 11.02% and National Grid (NGG) at 10.31% 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%

NGG

Utilities industry group

10.31%

Max: 17.99%
Q3: 12.01%
NGG: 10.31%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

DTE Energy (DTE) vs. National Grid (NGG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

National Grid (NGG) at 21.15% keeps a top-quartile share of each sales dollar as profit, while DTE Energy (DTE) at 8.21% keeps a bottom-quartile share.

DTE

Utilities industry group

8.21%

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

NGG

Utilities industry group

21.15%

Max: 28.78%
NGG: 21.15%
Q3: 17.30%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

DTE Energy (DTE) vs. National Grid (NGG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both DTE Energy (DTE) at 16.21% and National Grid (NGG) at 28.64% 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%

NGG

Utilities industry group

28.64%

Max: 53.83%
Q3: 31.12%
NGG: 28.64%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

DTE Energy (DTE) vs. National Grid (NGG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for DTE Energy (DTE) and National Grid (NGG)
Metric	DTE	NGG
ROE (TTM)	11.02%	10.31%
ROA (TTM)	2.62%	3.33%
Net Margin (TTM)	8.21%	21.15%
Operating Margin (TTM)	16.21%	28.64%
Gross Margin (TTM)	28.89%	100.00%

Growth

Revenue Growth

DTE Energy (DTE) at 26.95% sits in the top revenue growth quartile, while National Grid (NGG) at -3.76% is in the bottom quartile, showing a clear gap in revenue momentum.

DTE Energy (DTE) vs. National Grid (NGG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: DTE Energy (DTE) reports EPS growth of 3.84%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.

DTE Energy (DTE) vs. National Grid (NGG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DTE Energy (DTE) and National Grid (NGG)
Metric	DTE	NGG
Revenue Growth (YoY)	26.95%	-3.76%
Revenue Growth (3Y CAGR)	-6.31%	-6.53%
EPS Growth (YoY)	3.84%	--
EPS Growth (3Y CAGR)	8.39%	-30.59%

Financial Strength

Current Ratio (MRQ)

Both DTE Energy (DTE) at 0.62 and National Grid (NGG) at 0.62 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

NGG

Utilities industry group

0.62

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

DTE Energy (DTE) vs. National Grid (NGG): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

National Grid (NGG) at 1.32 carries an industry-typical debt-to-equity mix, while DTE Energy (DTE) at 2.27 uses more debt funding than most peers.

DTE

Utilities industry group

2.27

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

NGG

Utilities industry group

1.32

Max: 2.63
Q3: 1.77
Median: 1.35
NGG: 1.32
Q1: 0.84
Min: 0.00

DTE Energy (DTE) vs. National Grid (NGG): 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 National Grid (NGG)
Metric	DTE	NGG
Current Ratio (MRQ)	0.62	0.62
Debt / Equity (MRQ)	2.27	1.32
Net Debt / EBITDA	8.00	6.32

Dividends

Dividend Yield (TTM)

DTE Energy (DTE) at 3.46% pays a yield in its industry’s typical range, while National Grid (NGG) at 0.57% falls in the bottom quartile of its peers.

DTE

Utilities industry group

3.46%

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

NGG

Utilities industry group

0.57%

Max: 6.66%
Q3: 3.58%
Median: 2.85%
Q1: 0.66%
NGG: 0.57%
Min: 0.00%

DTE Energy (DTE) vs. National Grid (NGG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both DTE Energy (DTE) at 71.04% and National Grid (NGG) at 71.97% 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%

NGG

Utilities industry group

71.97%

Max: 113.04%
NGG: 71.97%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

DTE Energy (DTE) vs. National Grid (NGG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for DTE Energy (DTE) and National Grid (NGG)
Metric	DTE	NGG
Dividend Yield (TTM)	3.46%	0.57%
Dividend Payout Ratio (TTM)	71.04%	71.97%

Valuation

P/E Ratio (TTM)

Both DTE Energy (DTE) at 20.59 and National Grid (NGG) at 15.54 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

NGG

Utilities industry group

15.54

Max: 31.22
Q3: 23.30
Median: 19.64
NGG: 15.54
Q1: 15.17
Min: 3.34

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

P/S Ratio (TTM)

DTE Energy (DTE) at 1.69 is priced about in line with its industry on P/S ratio, while National Grid (NGG) at 4.46 sits in the pricier quartile — NGG costs more per dollar of sales.

DTE

Utilities industry group

1.69

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

NGG

Utilities industry group

4.46

Max: 6.35
NGG: 4.46
Q3: 3.63
Median: 2.63
Q1: 1.52
Min: 0.00

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

P/B Ratio (MRQ)

Both look rich against book: DTE Energy (DTE) at 2.22 sits in the upper P/B ratio quartile, and National Grid (NGG) at 9.36 prices even higher, above its industry range.

DTE

Utilities industry group

2.22

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

NGG

Utilities industry group

9.36

NGG: 9.36
Max: 3.12
Q3: 2.21
Median: 1.83
Q1: 1.46
Min: 0.34

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

Valuation Metrics

Valuation metrics for DTE Energy (DTE) and National Grid (NGG)
Metric	DTE	NGG
P/E Ratio (TTM)	20.59	15.54
P/S Ratio (TTM)	1.69	4.46
P/B Ratio (MRQ)	2.22	9.36
Free Cash Flow Yield (TTM)	-9.61%	-5.94%