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Duke Energy Corp. (DUK)

Duke Energy is an energy company operating in the United States through regulated utility subsidiaries, selling electricity and natural gas. It was incorporated on 3 May 2005 and is headquartered in Charlotte, North Carolina. It reports two segments: Electric Utilities and Infrastructure, and Gas Utilities and Infrastructure, with everything else presented as Other.

Duke Energy Corp.

Duke Energy is an energy company operating in the United States through regulated utility subsidiaries, selling electricity and natural gas. It was incorporated on 3 May 2005 and is headquartered in Charlotte, North Carolina. It reports two segments: Electric Utilities and Infrastructure, and Gas Utilities and Infrastructure, with everything else presented as Other.

Electric Utilities and Infrastructure

Run through the regulated public utilities Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. The segment generates, transmits, distributes and sells electricity to approximately 8.7 million retail customers in the Southeast and Midwest, across a service territory of approximately 90,000 square miles in six states with a total estimated population of 27 million. It also sells electricity wholesale to municipalities, electric cooperatives and other load-serving entities.

It owns approximately 55,713 MW of generating capacity, and relies principally on natural gas, nuclear fuel and coal to generate electricity.

The segment is regulated by the federal energy regulator and the federal nuclear regulator at federal level, and by the state commissions in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.

Gas Utilities and Infrastructure

Run through the regulated public utilities Piedmont, Duke Energy Ohio and Duke Energy Kentucky. These businesses operate as the sole provider of natural gas service within their retail service territories, and own and operate the facilities that transport and distribute the gas.

It earns a retail margin on transmitting and distributing the gas, and not on the cost of the gas itself. Services are priced at rates approved by the state commissions, designed to include the costs of providing the service plus a reasonable return on invested capital, which the filing says is intended to deliver safe and reliable gas service at fair prices.

Duke Energy Ohio appears in both segments. Its service area covers approximately 3,000 square miles, supplying electricity to approximately 920,000 residential, commercial and industrial customers while also providing gas transmission and distribution to approximately 565,000 customers.

Where Kentucky sits

Operations in Kentucky are conducted through Duke Energy Kentucky, a wholly owned subsidiary of Duke Energy Ohio, so references to Duke Energy Ohio in the filing include it.

Transactions in and around the year

In August 2025 Duke Energy entered into an investment agreement with an affiliate of Brookfield Super-Core Infrastructure Partners to receive $6 billion in exchange for an eventual anticipated 19.7 percent indirect investment in Duke Energy Florida, to be completed through a series of closings. In March 2025 it sold its indirect 50 percent ownership interest in DATC Path 15 Transmission, and in November 2024 it sold its 50 percent interest in Pioneer.

How the company describes its own period

The filing states that this is a transformative period for the utility industry, propelled by energy modernisation in support of load growth acceleration and the shift to more efficient and resilient energy infrastructure. It says that during 2025 it advanced policy and regulatory activities, executed transactions to support growth, and made progress through the preliminary stages of approval and construction for new generation investments, while operating and maintaining infrastructure in a way that extends the useful lives of critical assets.

Several companies file separately

Certain subsidiaries are registrants with the SEC in their own right, including Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, Duke Energy Indiana and Piedmont. Duke Energy's consolidated financial information necessarily includes their results.

From Duke Energy's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Duke Energy became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 5 November 2026
Revenue
$9.1 billion
+6.6% on the year · +19.9% on the quarter
Q4 FY2024Q3 FY2026
Net income
$1.6 billion
+10.1% on the year · +43.3% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$1.99
+9.9% on the year · +44.2% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2025ended 31 December 2025 · 10-K filed 26 February 2026
Revenue
$32.2 billion
+6.2% on the year
FY2018FY2025
Net income
$5.0 billion
+9.8% on the year
FY2018FY2025
Diluted EPS
$6.31
+10.5% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsDuke Energy (DUK) reported revenue of $32.2 billion for fiscal 2025, the year ended 31 December 2025, up 6.2% on the year before. Net income was $5.0 billion and diluted earnings per share $6.31. Revenue was $30.4 billion in fiscal 2024, $29.1 billion in fiscal 2023, $28.8 billion in fiscal 2022 and $24.6 billion in fiscal 2021. Net income in the same years was $4.5 billion, $2.8 billion, $2.5 billion and $3.9 billion. Over the twelve months to 30 September 2026, Duke Energy reported revenue of $33.8 billion and net income of $5.4 billion. Revenue grew 6.6% a year, compounded, over the five years to fiscal 2025. Duke Energy declared $4.28 a share in dividends over the last four quarters and had 780 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Duke Energy was $99.7 billion, 18.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE9.7%
ROCE6.5%
Operating margin28.5%
Net margin15.9%
FCF margin-15.3%
Interest cover2.5x
Debt to equity1.68x
Cash conversion2.14x
Share count, last 12 months0.3%
Sales CAGR, 3 years3.9%
Profit CAGR, 3 years24.9%
EPS, TTM$6.83

At the close of 6 November 2026

Price$127.80
Market cap$99.7 billion
Stock P/E18.7x
Price to book1.8x
EV / EBITDA11.2x
Dividend yield3.3%
Market cap / sales3.0x
52-week high$133.46
52-week low$113.23
Price, 1 year3.1%
Price CAGR, 3 years12.7%
Price CAGR, 5 years4.7%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Duke Energy Corp.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
DUKgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue6,1177,0116,5647,8427,3517,2766,5787,9947,2127,6717,1728,1547,3608,2497,5088,5427,9389,1787,5929,104
Operating income1,1101,3141,4482,0561,1941,6741,4302,1111,8551,9631,7072,1442,1122,3431,8302,3342,1192,7252,0492,747
Operating margin18%19%22%26%16%23%22%26%26%26%24%26%29%28%24%27%27%30%27%30%
Interest expense592569588603679720727774793817824872871889897902946968957967
Pre-tax income6398601,0121,5686381,1258701,5151,2571,3321,0711,4531,3381,5971,1271,6301,3581,8971,3051,949
Tax rate-3%3%11%10%0%14%14%3%10%13%13%11%8%12%11%11%11%18%12%15%
Net income7468579071,422-650804-2201,2521,0051,1389001,2811,2051,3799841,4211,1841,5501,0921,565
Net margin12%12%14%18%-9%11%-3%16%14%15%13%16%16%17%13%17%15%17%14%17%
Diluted EPS$0.93$1.08$1.14$1.81-$0.86$1.01-$0.32$1.59$1.27$1.44$1.13$1.60$1.54$1.76$1.25$1.81$1.49$1.97$1.38$1.99
Operating cash flow1,0631,7952,2401,1537391,4832,3023,5242,5692,4742,9533,5243,3772,1772,8633,6323,6581,5122,7603,617
Capital expenditure2,6262,5512,5663,0313,2193,1463,1193,0453,2943,2082,9962,9873,0893,1483,2803,4534,1434,0884,1524,326
Free cash flow-1,563-756-326-1,878-2,480-1,663-817479-725-734-43.0537288-971-417179-485-2,576-1,392-709
Dividends paid774799775815790815791832806806784821802803807845845846847862
Shares outstanding769m770m770m770m770m771m771m771m771m772m772m772m776m777m778m778m778m778m780m780m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024 †FY2025TTM
Revenue12,72013,20712,73114,27214,52917,91222,75622,50922,37122,74323,56524,52125,07923,36624,62128,76829,06030,35732,23733,812
Cost of revenuen/an/an/an/an/an/an/an/an/a6,6256,3506,8316,8266,051n/an/an/an/an/an/a
Gross profitn/an/an/an/an/an/an/an/an/a16,11817,21517,69018,253n/an/an/an/an/an/an/a
Gross marginn/an/an/an/an/an/an/an/an/a70.9%73.1%72.1%72.8%n/an/an/an/an/an/an/a
Operating income2,4932,5112,2492,4612,7772,9114,8544,8425,0785,2025,6254,6855,7094,5715,5006,0127,0707,9268,6269,640
Operating margin19.6%19.0%17.7%17.2%19.1%16.3%21.3%21.5%22.7%22.9%23.9%19.1%22.8%19.6%22.3%20.9%24.3%26.1%26.8%28.5%
Interest expense6857417518408591,2421,5461,5291,5271,9161,9862,0942,2042,0972,2072,4393,0143,3843,6343,838
Pre-tax incomen/a1,8911,8312,2102,4652,2343,7953,7633,9103,7344,2663,0734,0979203,9914,0784,7675,1945,7126,509
Income tax7126167588907526231,2051,2251,2561,1561,196448519-169268300438590642946
Effective tax raten/a32.6%41.4%40.3%30.5%27.9%31.8%32.6%32.1%31.0%28.0%14.6%12.7%-18.4%6.7%7.4%9.2%11.4%11.2%14.5%
Net income1,5001,3621,0751,3201,7061,7682,6651,8832,8162,1523,0592,6663,7481,3773,9082,5502,8414,5244,9685,391
Net margin11.8%10.3%8.4%9.2%11.7%9.9%11.7%8.4%12.6%9.5%13.0%10.9%14.9%5.9%15.9%8.9%9.8%14.9%15.4%15.9%
Diluted EPS$3.54$3.21$2.49$3.00$3.84$3.07$3.76$2.66$4.05$3.11$4.36$3.76$5.06$1.72$4.94$3.17$3.54$5.71$6.31$6.83
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025, 1 year left out

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Electric Utilities and Infrastructuren/an/an/an/an/a21,65521,48921,33621,72922,34721,63722,47425,88826,54627,76928,86390.9%
Gas Utilities and Infrastructuren/an/an/an/an/a5735368751,8001,7541,5901,9832,7572,0912,2432,8509.0%
Othern/an/a44n/an/an/an/an/a19242629303738280.1%
Commercial Power2,1092,4402,491299254n/an/an/an/an/an/an/an/an/an/an/an/a
Commercial Renewablesn/an/an/an/an/an/a286484209223n/an/an/an/an/an/an/a
International Energy1,1581,2041,4671,5491,546n/an/an/an/an/an/an/an/an/an/an/an/a
Other Adjustments7265n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Other Segmentn/an/an/a2285n/a6048n/an/an/an/an/an/an/an/an/a
Regulated Utilitiesn/an/a10,61916,04220,871n/an/an/an/an/an/an/an/an/an/an/an/a
U.S. Franchised Electric And Gas9,39210,563n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Not assigned to a part in the filingn/an/an/an/an/an/an/an/a764731n/an/an/an/an/a496n/a
Eliminationsn/an/a-92n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Electric Utilities and Infrastructure FY2014 to FY2025Gas Utilities and Infrastructure FY2014 to FY2025Other FY2011 to FY2025Commercial Renewables FY2015 to FY2019Other Segment FY2012 to FY2016Regulated Utilities FY2011 to FY2013Commercial Power FY2009 to FY2013International Energy FY2009 to FY2013U.S. Franchised Electric And Gas FY2009 to FY2010Other Adjustments FY2009 to FY2010
14.3FY201017.9FY201222.2FY201422.7FY201624.3FY201924.5FY202128.7FY202331.7FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Not assigned to a part in the filing and Eliminations are the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2009 to FY2010

The profit before tax each segment reports. Costs Duke Energy does not charge to a segment are left out, so the segments can add up to more than the company's own profit before tax.

FY2009FY2010Margin
FY2010
U.S. Franchised Electric And Gas2,3212,96628.1%
Commercial Power27-229-9.4%
International Energy36548640.4%
Other Adjustments-251-255n/a
U.S. Franchised Electric And GasCommercial PowerOther AdjustmentsInternational Energy
2,462FY20092,968FY2010

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2010Share of salesShare of profit
U.S. Franchised Electric And Gas74%86%
Commercial Power17%a loss
International Energy8%14%
Other Adjustmentsunder 1%a loss

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a profit before tax figure. A margin is a segment's profit before tax over its own sales.

First forecast against the result

Duke Energy's adjusted EPS landed at or above the top of the range in 0 and inside it in 4 of the 4 years shown (FY2016 to FY2025).

−0.2%FY2016−2.8%FY2017−2.7%FY2018−1.7%FY2025
  • At or above the top of the range
  • Inside the range
  • Under the range

Each bar is the year's result against the top of its first forecast range, in per cent of the top. Hover a bar for the figures.

Fiscal yearFirst forecast
adjusted EPS
Result
FY2016$4.50 to $4.70$4.69
FY2017$4.50 to $4.70$4.57
FY2018$4.55 to $4.85$4.72
FY2025$6.17 to $6.42$6.31
FY2026 forecast
Adjusted EPS $6.55 to $6.80, given 10 February 2026. Its result comes with the fourth-quarter results for FY2026.
First forecast
The full-year range the company gave with its fourth-quarter results for the year before, before any later change to it.
Result
The figure the company reported for that year with its next fourth-quarter results.
Adjusted EPS
The company's own measure, which leaves out items it names, so it differs from the EPS in the tables above.
Years left out
Where the forecast or the result could not be read with confidence. Each figure in the table links to the results release it comes from.

Cash flow

FY2007FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024 †FY2025TTM
Operating cash flow3,2083,3283,4634,5113,6725,2446,3826,5866,7006,8636,6347,1868,2098,8568,2905,9279,87812,32812,33011,547
Capital expenditure3,1254,3864,2964,8034,3635,5015,5265,3846,7667,9018,0529,38911,1229,9079,71511,36712,60412,28014,02416,709
Free cash flow83.0-1,058-833-292-691-2578561,202-66.0-1,038-1,418-2,203-2,913-1,051-1,425-5,440-2,72648.0-1,694-5,162
Free cash flow margin0.7%-8.0%-6.5%-2.0%-4.8%-1.4%3.8%5.3%-0.3%-4.6%-6.0%-9.0%-11.6%-4.5%-5.8%-18.9%-9.4%0.2%-5.3%-15.3%
Cash from investing-2,151-4,611-4,492-4,423-4,434-6,197-4,978-5,373-5,277-11,533-8,450-10,060-11,957-10,604-10,935-11,973-12,475-13,123-14,338-15,186
Cash from financing-1,3271,5911,58540.01,202267-1,327-678-2,6024,2511,7822,9603,7301,7312,6096,1292,3518591,9503,458
Depreciation and amortisation1,7461,6701,8461,9942,0262,6523,2293,5073,6133,8804,0464,6965,1765,4865,6635,8436,0846,4197,7047,492
Share-based compensationn/a43.040.067.052.078.085.061.061.055.068.078.089.084.088.010097.096.0102n/a
Buybacksn/an/an/an/an/an/an/an/a1,500n/an/an/an/an/an/an/an/an/an/an/a
Dividends paid1,0891,1431,222-1,2841,3291,7522,1882,2342,2542,3322,4502,4712,6682,8123,1143,1793,2443,2133,3003,400
Dividend per share$2.58$2.70$2.82$2.91$2.97$3.03$3.09n/a$3.24$3.36$3.49$3.63$3.75$3.82$3.90$3.98$4.06$4.14$4.22n/a
Diluted shares, weighted422m422m431m440m444m575m706m707m694m691m700m708m729m738m769m770m771m772m777m780m
Shares outstanding at period endn/a424m436m443m445m704m706m707m688m700m700m727m733m769m769m770m771m776m778m780m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024 †FY2025TTM
Funded by
Shareholders' equity21,37920,98821,75022,52222,77240,86341,33040,87539,72741,03341,73943,81746,82247,96449,29649,32249,11250,12751,84255,377
Non-controlling interestn/a16313613193.078.078.024.044.08.0-2.017.01,1291,2201,8402,5311,0751,1291,1772,165
Short-term borrowingsn/a5430.01,3821541,0578392,5143,6332,4872,1633,4103,1352,8733,304n/an/an/an/an/a
Debtn/a13,89616,63418,21020,57339,46140,25639,86838,86847,89552,27954,52958,12659,86363,83573,70379,54084,27389,83692,789
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a1,4321,3409408769179571,033n/a
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a850716764611524524521n/a
Other liabilitiesn/a17,48718,52016,84518,93432,39732,27637,42838,88441,33841,73543,61947,34448,41249,60851,04345,72549,33351,32753,532
Total liabilities and equityn/a53,07757,04059,09062,526113,856114,779120,709121,156132,761137,914145,392158,838162,388169,587178,086176,893186,343195,736203,863
Owned
Fixed assetsn/a34,03637,95040,34442,66168,55869,49070,04673,77982,52086,39191,694102,127106,782105,536111,748115,315121,626129,959n/a
Goodwilln/a4,7204,3503,8583,84916,36516,34016,32116,07219,42519,39619,30319,30319,30319,30319,30319,30319,01019,01019,010
Intangible assetsn/a680593467363372378263242226230246249295236265282277291n/a
Investmentsn/a51.019811826133344.0n/an/an/an/an/an/an/an/an/an/an/an/an/a
Securities held for sale or to maturityn/an/an/an/an/an/an/a2,0042,3212,2082,2842,3912,6263,0023,1912,8153,0033,3264,4396,147
Trading assetsn/an/an/an/a32.033.018.07.0n/a5.0n/an/an/an/an/an/an/an/an/an/a
Cash and equivalents6789861,5421,6702,1101,424476463383392358442311259341409253314245451
Receivablesn/a1,6538457647841,5161,2867915151,8931,9952,1721,9942,1442,4373,1063,0191,88916.0n/a
Inventoryn/a1,1351,5151,3181,588n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Other assetsn/a9,81610,04710,55110,87825,25526,74730,81427,84426,09227,26029,14432,22830,60338,54340,44035,71839,90141,776178,255
Total assetsn/a53,07757,04059,09062,526113,856114,779120,709121,156132,761137,914145,392158,838162,388169,587178,086176,893186,343195,736203,863
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded3.7%6.6%3.9%6.8%
Profit growth, compounded5.8%29.3%24.9%8.1%
Return on equity, average6.7%7.5%8.1%9.6%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Duke Energy's revenue in fiscal 2025?

Duke Energy (DUK) reported revenue of $32.2 billion for fiscal 2025, the year ended 31 December 2025, up 6.2% on the year before.

How much did Duke Energy earn in fiscal 2025?

Net income was $5.0 billion for fiscal 2025, and diluted earnings per share $6.31.

What is Duke Energy's P/E ratio?

At the close of 6 November 2026, Duke Energy traded at 18.7 times its earnings over the twelve months to 30 September 2026.

What is Duke Energy's market cap?

The market cap of Duke Energy was $99.7 billion at the close of 6 November 2026.

Does Duke Energy pay a dividend?

Yes. Duke Energy declared $4.28 a share in dividends over the four quarters to 30 September 2026.

Peers: Utilities

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Duke Energy Corp. DUK$99.7 billion18.719.7%28.5%6.8%1.683.3%
Xcel Energy Inc. XEL$50.6 billion18.5710.5%21.7%4.5%1.592.9%
Exelon Corp. EXC$47.2 billion17.708.8%19.8%6.7%1.773.6%
Consolidated Edison Inc. ED$44.0 billion18.988.7%18.7%9.0%1.05n/a
WEC Energy Group, Inc. WEC$38.1 billion21.0412.1%23.5%8.1%1.523.2%
Public Service Enterprise Group Inc. PEG$36.2 billion20.5110.2%21.6%5.3%1.483.6%
Ameren Corp. AEE$31.2 billion19.6211.3%25.2%-0.3%1.552.6%
Pg&E Corp. PCG$28.6 billion9.618.6%20.2%4.1%1.88n/a
CMS Energy Corp. CMS$21.7 billion24.719.0%13.8%8.2%2.063.3%
Nisource Inc. NI$21.2 billion22.649.8%27.4%10.0%1.912.7%
Evergy, Inc. EVRG$20.5 billion19.499.7%27.4%8.5%1.473.2%
Alliant Energy Corp. LNT$18.9 billion20.2512.0%22.6%5.4%1.612.9%
All 96 in Utilities
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NextEra Energy Inc. NEE$182.3 billion15.6718.9%30.0%9.6%1.852.8%
Southern Co. SO$107.5 billion21.1311.1%24.7%7.9%1.653.2%
Duke Energy Corp. DUK$99.7 billion18.719.7%28.5%6.8%1.683.3%
Constellation Energy Corp. CEG$88.7 billion24.3410.8%14.7%26.0%0.770.7%
National Grid plc NGG *$86.4 billion19.038.2%30.7%-3.8%1.192.5%
Williams Companies, Inc. WMB$80.1 billion25.2319.9%37.5%8.8%2.023.2%
Enterprise Products Partners L.P. EPD$79.8 billion12.26n/a12.7%21.5%n/an/a
American Electric Power Co. Inc. AEP$68.9 billion20.6710.2%23.4%11.1%1.603.0%
Kinder Morgan, Inc. KMI$66.7 billion18.4911.4%29.0%11.7%1.053.9%
TC Energy Corporation TRP *$64.5 billion26.4412.9%52.7%10.7%2.203.9%
Dominion Energy, Inc. D$60.4 billion22.799.1%22.5%21.5%1.663.9%
Cheniere Energy, Inc. LNG$56.8 billion19.4046.3%28.1%22.5%3.680.8%
Targa Resources Corp. TRGP$56.7 billion23.4164.1%22.5%4.7%5.201.7%
ONEOK Inc. OKE$53.7 billion13.2317.4%14.2%36.8%1.225.0%
Entergy Corp. ETR$52.8 billion25.4110.3%24.6%10.3%1.752.3%
Sempra SRE$51.1 billion16.759.2%n/a-0.9%1.123.3%
Xcel Energy Inc. XEL$50.6 billion18.5710.5%21.7%4.5%1.592.9%
Exelon Corp. EXC$47.2 billion17.708.8%19.8%6.7%1.773.6%
Consolidated Edison Inc. ED$44.0 billion18.988.7%18.7%9.0%1.05n/a
Vistra Corp. VST$41.9 billion21.0440.5%18.5%3.8%3.570.7%
WEC Energy Group, Inc. WEC$38.1 billion21.0412.1%23.5%8.1%1.523.2%
Public Service Enterprise Group Inc. PEG$36.2 billion20.5110.2%21.6%5.3%1.483.6%
Ameren Corp. AEE$31.2 billion19.6211.3%25.2%-0.3%1.552.6%
American Water Works Company, Inc. AWK$29.9 billion26.059.5%37.0%5.4%1.372.3%
Atmos Energy Corp. ATO$29.3 billion20.679.2%37.0%6.5%0.682.0%
Venture Global, Inc. VG$28.8 billion9.0838.9%37.6%100.7%4.880.3%
Pg&E Corp. PCG$28.6 billion9.618.6%20.2%4.1%1.88n/a
DTE Energy Co. DTE$28.2 billion20.5810.8%13.1%12.4%2.253.3%
Cheniere Energy Partners, L.P. CQP$27.8 billionn/an/a34.2%13.2%n/an/a
Centerpoint Energy Inc. CNP$27.0 billion23.259.8%24.4%7.8%2.122.3%
PPL Corp. PPL$27.0 billion20.478.6%24.5%7.5%1.333.1%
Firstenergy Corp. FE$26.9 billion22.339.3%14.9%12.2%2.323.8%
Eversource Energy ES$26.3 billion18.438.7%21.5%4.6%1.764.5%
Edison International EIX$22.8 billion6.3220.3%31.8%2.6%2.335.9%
CMS Energy Corp. CMS$21.7 billion24.719.0%13.8%8.2%2.063.3%
Nisource Inc. NI$21.2 billion22.649.8%27.4%10.0%1.912.7%
Evergy, Inc. EVRG$20.5 billion19.499.7%27.4%8.5%1.473.2%
Alliant Energy Corp. LNT$18.9 billion20.2512.0%22.6%5.4%1.612.9%
NRG Energy, Inc. NRG$18.6 billion22.9217.5%6.1%12.8%4.822.1%
Western Midstream Partners, LP WES$16.5 billion12.91n/a38.5%22.3%n/an/a
Talen Energy Corp. TLN$16.0 billionn/a-16.1%2.0%71.9%6.06n/a
Essential Utilities, Inc. WTRG$13.0 billion22.847.9%72.4%9.2%1.223.2%
Pinnacle West Capital Corp. PNW$12.6 billion19.598.8%20.7%7.5%1.533.5%
DT Midstream, Inc. DTM$11.6 billion24.759.8%49.4%13.4%0.683.0%
OGE Energy Corp. OGE$10.5 billion19.0310.6%25.8%2.4%1.123.4%
Antero Midstream Corp. AM$9.0 billion13.3730.5%81.3%7.3%1.424.7%
Entergy Arkansas, LLC EAI$8.7 billion4.1910.3%24.6%n/a1.7513.4%
Idacorp Inc. IDA$8.6 billion22.519.2%23.5%4.5%0.952.4%
UGI Corp. UGI$7.9 billion12.3912.9%16.2%-0.5%1.354.0%
Kinetik Holdings Inc. KNTK$7.9 billion16.31n/a12.2%15.8%n/a6.6%
Clearway Energy, Inc. CWEN$7.0 billion44.271.7%13.4%9.9%1.665.4%
National Fuel Gas Co. NFG$7.0 billion10.2117.2%40.3%15.1%0.912.9%
Southwest Gas Holdings, Inc. SWX$6.6 billionn/an/an/an/a0.862.8%
Black Hills Corp. BKH$6.5 billion20.418.0%24.3%2.8%1.133.3%
Txnm Energy Inc. TXNM$6.4 billion28.076.3%24.4%10.0%1.652.9%
Ormat Technologies, Inc. ORA$5.7 billion42.745.1%16.7%28.6%0.600.5%
New Jersey Resources Corp. NJR$5.5 billion15.0113.9%24.8%6.4%1.403.5%
Portland General Electric Co. POR$5.5 billion19.736.3%14.4%1.2%1.164.6%
Spire Inc. SR$5.2 billion9.9015.3%19.7%4.1%2.033.7%
NorthWestern Energy Group, Inc. NWE$5.1 billion31.225.7%18.1%10.1%1.273.2%
One Gas, Inc. OGS$5.1 billion17.258.3%21.1%-1.9%1.003.3%
Archrock, Inc. AROC$4.8 billion14.2021.4%n/a3.7%1.473.2%
Kodiak Gas Services, Inc. KGS$4.2 billion49.563.7%27.4%8.2%1.264.6%
MDU Resources Group Inc. MDU$4.0 billion20.026.5%17.1%-0.7%0.873.0%
American States Water Co. AWR$3.6 billion24.6512.6%32.2%11.1%0.792.3%
Chesapeake Utilities Corp. CPK$3.4 billion22.129.0%27.2%13.9%1.042.0%
Avista Corp. AVA$3.4 billion13.498.7%18.9%-1.4%1.194.9%
Otter Tail Corp. OTTR$3.3 billion18.719.2%15.2%0.0%0.652.9%
California Water Service Group CWT$3.2 billion22.797.2%19.4%4.8%0.862.6%
H2O America HTO$3.0 billion24.704.8%20.7%4.2%0.952.8%
MGE Energy Inc. MGEE$3.0 billion18.5510.9%22.5%8.0%0.632.3%
Fervo Energy Co. FRVO$2.7 billionn/an/an/an/a0.08n/a
Northwest Natural Holding Co. NWN$2.2 billion17.138.3%22.9%3.2%1.843.8%
Centuri Holdings, Inc. CTRI$2.1 billion36.326.0%3.1%31.5%0.90n/a
NGL Energy Partners LP NGL$1.9 billionn/an/a1.9%18.0%n/an/a
NextDecade Corp. NEXT$1.6 billionn/a-83.8%n/an/a107.19n/a
Hawaiian Electric Industries Inc. HE$1.5 billion6.3912.8%10.5%13.6%1.28n/a
New Fortress Energy Inc. NFE$1.3 billionn/an/a-84.3%-36.9%n/an/a
Excelerate Energy, Inc. EE$1.2 billion25.252.1%23.8%16.2%0.460.9%
Middlesex Water Co. MSEX$1.1 billion21.639.5%30.5%8.9%0.802.4%
Unitil Corp. UTL$1.0 billion18.318.6%18.6%21.1%1.543.3%
Xplr Infrastructure, LP XIFR$689 million4.601.4%6.4%-1.1%0.57n/a
York Water Co. YORW$530 million19.678.5%37.9%13.7%0.652.8%
Hallador Energy Co. HNRG$476 million505.00-0.5%3.7%6.5%0.23n/a
Genie Energy Ltd. GNE$462 million16.1810.9%5.2%1.7%0.031.7%
Consolidated Water Co. Ltd. CWCO$436 million27.527.2%12.3%-1.2%0.002.1%
Clean Energy Fuels Corp. CLNE$421 millionn/a-13.6%-4.0%6.3%0.39n/a
Montauk Renewables, Inc. MNTK$388 million54.203.0%0.6%4.3%0.57n/a
Artesian Resources Corp. ARTNA$354 million15.049.2%25.0%5.9%0.723.7%
Cadiz Inc. CDZI$300 millionn/a-789.7%-236.1%-21.3%18.65n/a
Summit Midstream Corp. SMC$288 millionn/a-0.6%14.6%20.9%2.07n/a
Pure Cycle Corp. PCYO$262 million17.859.7%37.7%22.9%0.09n/a
RGC Resources Inc. RGCO$241 million17.2911.4%17.3%13.8%1.213.7%
Global Water Resources, Inc. GWRS$219 million81.112.6%12.6%9.8%1.414.1%
Stabilis Solutions, Inc. SLNG$67 millionn/a-15.0%-19.4%-30.3%0.14n/a
Ocean Power Technologies, Inc. OPTT$4 millionn/an/a-1,088.8%-25.8%1.17n/a
15 companies share its SEC industry code (Electric & Other Services Combined); the rest are the names nearest in size in its wider industry, Utilities, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on DUK

Dividends$4.28 a share over the four quarters to 30 September 2026, a 3.35% yield
Filings31 in twelve months: 21 current reports (8-K), about 7 regulation FD disclosure; 4 results of operations; 4 other events; 3 material agreement; 2 officer or director change
Planned insider sales11 Form 144 notices in twelve months, $10.0 million; latest 30 October 2026
Options tapeput/call 0.36 by open interest at the 6 November 2026 close; the straddle prices a 3.4% move to 20 November 2026
13F holders2,499 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading13 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest18.1 million shares short, 4.47 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20265 November 2026EDGAR
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR

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