D 
Duke Energy DUK · USD
Utilities · Electric Utilities · US listing · 🇺🇸 United States
S&P 500
128.10
+0.25%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$32.24bn
FY2016FY2025
Net income
$4.97bn
FY2016FY2025
Free cash flow
−$1.67bn
FY2016FY2025
Shareholders' equity
$51.84bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.24bn | $30.36bn | $29.06bn | $28.77bn | $25.10bn | $23.37bn | $25.08bn | $24.52bn | $23.57bn | $22.74bn |
| Operating income | $8.58bn | $7.93bn | $7.07bn | $6.01bn | $5.37bn | $3.08bn | $5.71bn | $4.68bn | $5.63bn | $5.20bn |
| Net income | $4.97bn | $4.51bn | $4.30bn | $2.55bn | $3.58bn | $1.38bn | $3.75bn | $2.67bn | $3.06bn | $2.67bn |
| Diluted earnings per share | 6.39 | 5.83 | 5.57 | 3.31 | 4.65 | 1.83 | 5.14 | 3.77 | 4.37 | 3.81 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $195.74bn | $186.34bn | $176.89bn | $178.09bn | $169.59bn | $162.39bn | $158.84bn | $145.39bn | $137.91bn | $132.76bn |
| Cash and short-term investments | $245.0m | $314.0m | $253.0m | $409.0m | $341.0m | $259.0m | $311.0m | $442.0m | $358.0m | $392.0m |
| Total liabilities | $142.72bn | $135.09bn | $126.71bn | $126.23bn | $118.45bn | $113.20bn | $110.89bn | $101.56bn | $96.18bn | $91.72bn |
| Debt | $89.84bn | $84.27bn | $79.54bn | $73.70bn | $67.14bn | $62.74bn | $61.26bn | $57.94bn | $54.44bn | $50.38bn |
| Shareholders' equity | $51.84bn | $50.13bn | $49.11bn | $49.32bn | $49.30bn | $47.96bn | $46.82bn | $43.82bn | $41.74bn | $41.03bn |
| Shares outstanding | 777m | 773m | 771m | 770m | 769m | 754m | 729m | 708m | 700m | 700m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $12.35bn | $12.33bn | $9.88bn | $5.93bn | $8.29bn | $8.86bn | $8.21bn | $7.19bn | $6.62bn | $6.80bn |
| Capital spending | −$14.02bn | −$12.28bn | −$12.60bn | −$11.37bn | −$9.71bn | −$9.91bn | −$11.12bn | −$9.39bn | −$8.05bn | −$7.90bn |
| Free cash flow | −$1.67bn | $48.0m | −$2.73bn | −$5.44bn | −$1.43bn | −$1.05bn | −$2.91bn | −$2.20bn | −$1.43bn | −$1.10bn |
| Dividends paid | −$3.30bn | −$3.21bn | −$3.24bn | −$3.18bn | −$3.11bn | −$2.81bn | −$2.67bn | −$2.47bn | −$2.45bn | −$2.33bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.59bn | $9.18bn | $7.94bn | $8.67bn | $7.51bn | $8.25bn | $7.36bn | $8.15bn |
| Operating income | $2.05bn | $2.73bn | $2.10bn | $2.33bn | $1.82bn | $2.34bn | $2.11bn | $2.14bn |
| Net income | $1.09bn | $1.55bn | $1.18bn | $1.42bn | $984.0m | $1.38bn | $1.21bn | $1.26bn |
| Diluted earnings per share | 1.40 | 1.99 | 1.52 | 1.83 | 1.27 | 1.77 | 1.57 | 1.64 |
| Cash from operations | $2.76bn | $1.51bn | $3.68bn | $3.63bn | $2.86bn | $2.18bn | $3.38bn | $3.52bn |
| Capital spending | −$8.24bn | −$4.09bn | −$4.14bn | −$6.43bn | −$3.28bn | −$3.15bn | −$3.09bn | −$2.99bn |
| Free cash flow | −$5.48bn | −$2.58bn | −$463.0m | −$2.80bn | −$417.0m | −$971.0m | $288.0m | $537.0m |
| Total assets | $201.09bn | $198.05bn | $195.74bn | $192.29bn | $189.71bn | $187.48bn | $186.34bn | $183.57bn |
| Cash and short-term investments | $673.0m | $2.14bn | $245.0m | $688.0m | $344.0m | $475.0m | $314.0m | $376.0m |
| Debt | $91.24bn | $90.25bn | $89.84bn | $88.64bn | $87.43bn | $86.45bn | $84.27bn | $84.07bn |
| Shareholders' equity | $54.75bn | $54.46bn | $51.84bn | $51.46bn | $50.89bn | $50.67bn | $50.13bn | $49.13bn |
Financial ratios
Data as of 9 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 26.6% | 26.1% | 24.3% | 20.9% | 21.4% | 13.2% |
| Net margin | 15.4% | 14.9% | 14.8% | 8.9% | 14.3% | 5.9% |
| Return on equity | 9.6% | 9.0% | 8.7% | 5.2% | 7.3% | 2.9% |
| Return on assets | 2.5% | 2.4% | 2.4% | 1.4% | 2.1% | 0.8% |
| Free cash flow yield | 28.0% | 26.3% | 24.1% | 18.5% | 19.3% | 20.5% |
| Revenue growth | 6.2% | 4.5% | 1.0% | 14.6% | 7.4% | -6.8% |
| Earnings growth | 10.2% | 5.0% | 68.5% | -28.8% | 159.9% | -63.3% |
| Current ratio | 0.55x | 0.67x | 0.74x | 0.70x | 0.62x | 0.53x |
| Debt to equity | 1.73x | 1.68x | 1.62x | 1.53x | 1.37x | 1.31x |
| Equity ratio | 26.5% | 26.9% | 27.8% | 27.7% | 29.1% | 29.5% |
| Interest coverage | 2.36x | 2.34x | 2.35x | 2.46x | 2.36x | 1.43x |
| Buybacks as a share of market value | -0.5% | -0.3% | -0.1% | -0.1% | -2.1% | -3.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.9% | 6.6% | 3.7% |
| Operating income | 12.6% | 22.7% | 5.4% |
| Net income | 24.9% | 29.3% | 5.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 26.4% | 24.6% | 22.5% | 22.4% |
| Net margin | 15.1% | 13.6% | 12.6% | 12.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.3 | 18.5 | 17.4 | 31.1 | 22.5 | 50.1 | 17.7 | 22.9 | 19.3 | 20.4 |
| Price to sales | 2.8 | 2.7 | 2.6 | 2.8 | 3.2 | 3.0 | 2.6 | 2.5 | 2.5 | 2.4 |
Market value over time
31 Oct 2016 to 8 Sept 2026, in USD
$55.29bn$94.45bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 11% | 9% | -3% | -3% | 16% | -2% | 3% | 4% | 9% | 9% |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 14 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.215 | 4.22 | 4.14 | 4.06 | 3.98 | 3.90 | 3.82 | 3.745 |
- 3-to-1 reverse split · 3 Jul 2012
- 2-for-1 split · 29 Jan 2001
- 2-for-1 split · 1 Oct 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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