Duke Energy Corporation (DUK) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.3	$1.43	+10.0%	—	—	—
Q4 26	$1.8	$1.93	+7.2%	—	—	—
Q3 26	$1.49	$1.5	+0.7%	—	—	—
Q2 26	$1.75	$1.81	+3.4%	—	—	—
Q1 26	$1.17	$1.25	+6.8%	—	—	—
Q4 25	$1.59	$1.76	+10.7%	—	—	—
Q3 25	$1.65	$1.66	+0.6%	—	—	—
Q2 25	$1.72	$1.62	-5.8%	—	—	—
Q1 25	$1.02	$1.18	+15.7%	—	—	—
Q4 24	$1.38	$1.44	+4.3%	—	—	—
Q3 24	$1.54	$1.51	-1.9%	—	—	—
Q2 24	$1.92	$1.94	+1.0%	—	—	—
Q1 24	$0.98	$0.91	-7.1%	—	—	—
Q4 23	$1.26	$1.2	-4.8%	—	—	—
Q3 23	$1.07	$1.11	+3.7%	—	—	—
Q2 23	$1.85	$1.78	-3.8%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.31	—	—	$32.2B	—
FY24	—	$5.71	—	—	$30.4B	—
FY23	—	$3.54	—	—	$29.1B	—
FY22	—	$3.33	—	—	$28.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$22.7B	$23.6B	$24.5B	$25.1B	$23.4B	$24.6B	$28.8B	$29.1B	$30.4B	$32.2B
YoY change	+1.66%	+3.61%	+4.06%	+2.28%	-6.83%	+5.37%	+16.8%	+1.02%	+4.46%	+6.19%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	22.7B	23.6B	24.5B	25.1B	23.4B	24.6B	28.8B	29.1B	30.4B	32.2B
Cost of revenue	13.1B	12.9B	14B	13.5B	12B	12.7B	15.8B	15.3B	15.2B	15.7B
Gross profit	9.6B	10.6B	10.5B	11.6B	11.4B	12B	13B	13.8B	15.2B	16.5B
Gross margin	42.3%	45.1%	42.9%	46.1%	48.6%	48.6%	45.1%	47.3%	50.1%	51.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—
Operating income	5.2B	5.9B	5.2B	5.7B	5.5B	5.8B	6.4B	7.1B	7.9B	8.6B
Operating margin	22.8%	24.9%	21.1%	22.7%	23.7%	23.7%	22.3%	24.4%	26.1%	26.6%
Non-operating income, net	436M	360M	-29M	565M	-2.6B	344M	66M	649M	577M	718M
Pretax income	3.7B	4.3B	3.1B	4.1B	920M	4B	4.1B	4.8B	5.2B	5.7B
Income tax	1.2B	1.2B	448M	519M	-169M	268M	300M	438M	590M	642M
Net income	2.2B	3.1B	2.6B	3.6B	1.1B	3.6B	2.5B	2.9B	4.6B	5.1B
Net margin	9.54%	13%	10.8%	14.2%	4.63%	14.5%	8.53%	9.89%	15.2%	15.7%
EBITDA	9.3B	10.3B	10.1B	11.3B	9.3B	12B	12.6B	13.7B	14.8B	16.7B
EPS	3.11	4.36	3.76	5.06	1.72	4.94	3.33	3.54	5.71	6.31
Diluted EPS	3.11	4.36	3.76	5.06	1.72	4.94	3.33	3.54	5.71	6.31

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	8B	7.2B	7.7B	7.2B	8.2B	7.4B	8.2B	7.5B	8.5B	7.9B	9.2B	7.6B
Cost of revenue	4.1B	3.8B	3.9B	3.6B	4.1B	3.5B	4B	3.7B	4.2B	3.9B	4.7B	3.4B
Gross profit	3.9B	3.4B	3.7B	3.5B	4B	3.9B	4.3B	3.8B	4.4B	4B	4.5B	4.2B
Gross margin	49.3%	47.7%	48.6%	49.4%	49.4%	52.9%	51.8%	50.8%	51.3%	50.7%	48.8%	54.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	2.2B	1.8B	2B	1.7B	2.1B	2.1B	2.3B	1.8B	2.3B	2.1B	2.3B	2.1B
Operating margin	27.4%	25.5%	25.4%	24.3%	26.1%	28.7%	28.3%	24.2%	27.1%	26.5%	25.5%	27.5%
Non-operating income, net	98M	183M	197M	151M	193M	36M	149M	205M	215M	149M	524M	174M
Pretax income	1.5B	1.3B	1.3B	1.1B	1.5B	1.3B	1.6B	1.1B	1.6B	1.4B	1.9B	1.3B
Income tax	42M	122M	178M	140M	163M	109M	193M	119M	176M	154M	333M	160M
Net income	1.3B	996M	1.2B	921M	1.3B	1.2B	1.4B	1B	1.5B	1.2B	1.6B	1.1B
Net margin	16.5%	13.8%	15%	12.8%	16.1%	16.7%	17%	13.4%	17%	15.2%	17.2%	15.1%
EBITDA	4B	3.4B	3.7B	3.5B	4B	3.6B	4.2B	4B	4.6B	3.9B	4.4B	4.1B
EPS	1.59	—	1.44	1.13	1.6	1.54	1.76	1.25	1.81	1.5	1.97	1.38
Diluted EPS	1.59	—	1.44	1.13	1.6	1.54	1.76	1.25	1.81	1.5	1.97	1.38

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	53.6B	58.9B	61.1B	66.5B	67.5B	80.7B	79.3B	74.8B	83.2B	91.1B	88.4B
Enterprise value	103.6B	113B	118.6B	128.9B	131.3B	148.6B	153.5B	155B	168.1B	181.7B	183B
Shares outstanding	691M	700M	708M	729M	737M	769M	770M	771M	772M	777M	777M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	24.7	19.2	23.1	18.6	62.4	22.5	32.3	26	18	18	17.1
P/S	2.36	2.5	2.49	2.65	2.89	3.28	2.76	2.57	2.74	2.83	2.7
P/B	1.31	1.41	1.39	1.39	1.37	1.58	1.53	1.49	1.62	1.72	1.64
EV/EBITDA	11.1	11	11.7	11.4	14.1	12.4	12.2	11.3	11.4	10.9	11
EV/Sales	4.56	4.79	4.84	5.14	5.62	6.04	5.33	5.33	5.54	5.64	5.58
Earnings yield	4.05%	5.2%	4.33%	5.37%	1.6%	4.44%	3.1%	3.84%	5.55%	5.57%	5.86%
FCF yield	-1.94%	-2.43%	-3.61%	-4.38%	-1.56%	-1.77%	-6.86%	-3.64%	0.06%	-1.86%	-5.06%
PEG	—	—	—	—	—	—	—	—	—	—	1.64

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	42.3%	45.1%	42.9%	46.1%	48.6%	48.6%	45.1%	47.3%	50.1%	51.2%	54.8%
Operating margin	22.8%	24.9%	21.1%	22.7%	23.7%	23.7%	22.3%	24.4%	26.1%	26.6%	27.5%
Net margin	9.54%	13%	10.8%	14.2%	4.63%	14.5%	8.53%	9.89%	15.2%	15.7%	16%
ROE	5.29%	7.34%	6.03%	7.45%	2.2%	7%	4.73%	5.73%	9%	9.56%	9.86%
ROA	1.63%	2.22%	1.82%	2.25%	0.67%	2.11%	1.38%	1.62%	2.48%	2.59%	2.84%
ROIC	3.94%	4.42%	4.36%	4.52%	4.9%	4.58%	4.72%	4.95%	5.17%	5.3%	5.17%
Return on tangible assets	2.31%	3.09%	2.48%	2.97%	0.87%	2.73%	1.76%	2.08%	3.12%	3.22%	3.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.7	0.68	0.65	0.62	0.53	0.62	0.7	0.74	0.67	0.55	0.66
Quick ratio	0.39	0.42	0.44	0.4	0.34	0.43	0.51	0.49	0.44	0.33	0.43
Debt / equity	1.23	1.3	1.32	1.31	1.3	1.33	1.44	1.6	1.66	1.71	1.62
Debt / assets	0.38	0.39	0.4	0.39	0.39	0.4	0.42	0.45	0.46	0.46	0.46
Net debt / EBITDA	5.36	5.24	5.67	5.5	6.85	5.65	5.9	5.85	5.75	5.44	5.38
Interest coverage	2.95	3.15	2.47	2.86	1.44	2.81	2.67	2.58	2.53	2.57	2.64
Effective tax rate	31%	28%	14.6%	12.7%	0%	6.72%	7.36%	9.19%	11.4%	11.2%	13.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	32.9	33.7	34.6	34.4	31.7	32	37.4	37.7	39.3	41.5	42.2
EPS (basic)	3.11	4.36	3.76	5.06	1.72	4.94	3.33	3.54	5.71	6.31	6.31
EPS (diluted)	3.11	4.36	3.76	5.06	1.72	4.94	3.33	3.54	5.71	6.31	6.65
Book value per share	59.4	59.6	61.9	65.8	66.7	66.5	67.3	65.1	66.4	68.2	68.9
FCF per share	-1.5	-2.04	-3.11	-4	-1.43	-1.85	-7.06	-3.54	0.06	-2.18	-5.49
Cash per share	0.57	0.51	0.62	0.43	0.35	0.44	0.53	0.33	0.41	0.32	0.86
Capex per share	—	—	—	—	—	—	—	—	—	18	20.3

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	43.5%	47.6%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	113.7%	137%
Payout ratio	107.5%	80%	93.5%	74.7%	259.9%	87%	129.5%	112.9%	69.6%	65.1%	64.2%
Dividend yield	4.35%	4.16%	4.04%	4.01%	4.17%	3.86%	4.01%	4.34%	3.86%	3.62%	3.83%

Yield

3.83%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.085

ex-dividend Aug 14, 2026

Payout ratio

64%

of earnings

Dividend growth

13 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$1.085
May 15, 2026	$1.065
Feb 13, 2026	$1.065

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$8B	$7.2B	$7.7B	$7.2B	$8.2B	$7.4B	$8.2B	$7.5B	$8.5B	$7.9B	$9.2B	$7.6B
YoY change	+1.94%	+3.28%	+5.43%	+9.03%	+2%	+2.05%	+7.53%	+4.68%	+4.76%	+7.85%	+11.3%	+1.12%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	392M	358M	442M	311M	259M	341M	409M	253M	314M	245M
Receivables	2.6B	2.8B	3.1B	3.1B	3.2B	3.5B	4.4B	4.1B	4.7B	4.2B
Inventory	3.5B	3.3B	3.1B	3.2B	3.2B	3.1B	3.6B	4.3B	4.5B	4.6B
Total current assets	8B	8.5B	9.7B	9.2B	8.7B	9.9B	13.2B	12.8B	12.9B	11.6B
Property, plant & equipment	-19.4B	-19.9B	-22.2B	-22.9B	-25B	-26.3B	-26.4B	-27.7B	-28.7B	-28.9B
Goodwill & intangibles	38.9B	38.8B	38.6B	38.6B	38.6B	38.6B	38.6B	38.6B	38.6B	38B
Total assets	132.8B	137.9B	145.4B	158.8B	162.4B	169.6B	178.1B	176.9B	186.3B	195.7B
Accounts payable	3B	3B	3.5B	3.5B	3.1B	3.5B	4.8B	4.2B	5.5B	5.2B
Short-term debt	4.8B	5.4B	6.8B	6.3B	7.1B	6.9B	7.8B	7.1B	7.9B	9.7B
Total current liabilities	11.6B	12.5B	15B	14.8B	16.3B	15.9B	18.9B	17.3B	19.4B	21B
Long-term debt	45.6B	49B	51.1B	56.4B	57B	61.4B	66.7B	73.4B	77.3B	81.1B
Total liabilities	91.7B	96.2B	101.6B	110.9B	113.2B	118.5B	126.2B	126.7B	135.1B	142.7B
Shareholders' equity	41B	41.7B	43.8B	48B	49.2B	51.1B	51.9B	50.2B	51.3B	53B
Total debt	50.4B	54.4B	57.9B	62.7B	64.1B	68.3B	74.6B	80.5B	85.2B	90.9B
Net debt	50B	54.1B	57.5B	62.4B	63.8B	67.9B	74.2B	80.2B	84.9B	90.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	324M	253M	459M	390M	376M	314M	475M	344M	688M	245M	2.1B	673M
Receivables	—	—	—	—	—	—	—	—	4B	4.2B	3.9B	4.5B
Inventory	—	—	—	—	—	—	—	—	4.5B	4.6B	4.6B	4.7B
Total current assets	—	—	—	—	—	—	—	—	12.2B	11.6B	13.4B	13.1B
Property, plant & equipment	—	—	—	—	—	—	—	—	127.9B	-28.9B	133.4B	136.4B
Goodwill & intangibles	—	—	—	—	—	—	—	—	38B	38B	38B	38B
Total assets	—	—	—	—	—	—	—	—	192.3B	195.7B	198B	201.1B
Accounts payable	—	—	—	—	—	—	—	—	4.2B	5.2B	4.7B	4.9B
Short-term debt	—	—	—	—	—	—	—	—	9.3B	9.7B	9.8B	9B
Total current liabilities	—	—	—	—	—	—	—	—	19.4B	21B	20.3B	19.9B
Long-term debt	—	—	—	—	—	—	—	—	80.3B	81.1B	81.4B	83.2B
Total liabilities	—	—	—	—	—	—	—	—	139.7B	142.7B	141.6B	144.2B
Shareholders' equity	—	—	—	—	—	—	—	—	52.6B	53B	56.5B	56.9B
Total debt	—	—	—	—	—	—	—	—	89.6B	90.9B	91.2B	92.2B
Net debt	—	—	—	—	—	—	—	—	89B	90.6B	89.1B	91.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.2B	3.1B	2.6B	3.6B	1.1B	3.6B	2.5B	2.9B	4.6B	5.1B
Depreciation & amortization	3.9B	4B	4.7B	5.2B	5.5B	5.7B	5.8B	6.1B	6.4B	7.7B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-85M	-1.4B	-1.2B	-698M	-658M	-961M	-3.3B	124M	1.1B	-743M
Operating cash flow	5.9B	6.3B	6.3B	8.5B	5.8B	7.8B	4B	8.2B	12.3B	12.3B
Capital expenditure	—	—	—	—	—	—	—	—	—	-14B
Investing cash flow	-3.6B	-390M	-671M	-835M	-697M	-1.2B	-606M	129M	-843M	-14.3B
Dividends paid	-2.3B	-2.5B	-2.5B	-2.7B	-2.8B	-3.1B	-3.2B	-3.2B	-3.2B	-3.3B
Share repurchases	0	—	—	—	—	—	—	—	-1B	0
Financing cash flow	2.1B	1.5B	2.7B	3.3B	-1.6B	1.6B	5.8B	1.9B	-625M	707M
Net change in cash	4.4B	7.5B	8.3B	11B	3.5B	8.2B	9.2B	10.2B	10.8B	-1.3B
Free cash flow	-1B	-1.4B	-2.2B	-2.9B	-1.1B	-1.4B	-5.4B	-2.7B	48M	-1.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.3B	996M	1.2B	921M	1.3B	1.2B	1.4B	1B	1.5B	1.2B	1.6B	1.1B
Depreciation & amortization	—	—	—	—	—	—	—	—	2.1B	2B	1.9B	1.8B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	-21M	751M	-1.6B	-737M
Operating cash flow	1.3B	996M	1.2B	921M	1.3B	1.2B	1.4B	1B	3.6B	3.7B	1.5B	2.8B
Capital expenditure	—	—	—	—	—	—	—	—	-3.5B	-4.1B	-4.1B	-4.2B
Investing cash flow	—	—	—	—	—	—	—	—	-3.7B	-4.4B	-1.8B	-4.4B
Dividends paid	—	—	—	—	—	—	—	—	-845M	-845M	-846M	-847M
Share repurchases	—	—	—	—	—	—	—	—	—	0	—	—
Financing cash flow	—	—	—	—	—	—	—	—	-257M	-91M	1.7B	127M
Net change in cash	1.3B	996M	1.2B	921M	1.3B	1.2B	1.4B	1B	-337M	-795M	1.3B	-1.5B
Free cash flow	—	—	—	—	—	—	—	—	179M	-485M	-2.6B	-1.4B

Date	Ratio
Jul 3, 2012	1:3
Jan 3, 2007	10000:5811
Jan 29, 2001	2:1
Oct 1, 1990	2:1

Duke Energy Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history