Duke Energy CORP DUK

Utilities SIC 4931 - Electric & Other Services Combined NAICS Utilities › Electric Power Generation, Transmission and Distribution derived NYSE

Duke Energy was incorporated on May 3, 2005, and is an energy company headquartered in Charlotte, North Carolina, subject to regulation by the FERC and other regulatory agencies listed below. Duke Energy operates in the U.S. primarily through its direct and indirect subsidiaries. Certain Duke Energy subsidiaries are also Subsidiary Registrants, including Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, Duke Energy Indiana and Piedmont. Operations in Kentucky are conducted through Duke Energy Ohio's wholly owned subsidiary, Duke Energy Kentucky. References herein to Duke Energy Ohio include Duke Energy Ohio and its subsidiaries, unless otherwise noted. When discussing Duke Energy's consolidated financial information, it necessarily includes the results of its separate Subsidiary Registrants, which along with Duke Energy, are collectively referred to as the Duke Energy Registrants.

Last close 124.98 2026-10-23
Market cap $97.43B 2026-03-31 share count
52-week range 112.40 - 134.49

Valuation FY2025 figures against the last close

P/S3.1x
P/E19.8x
P/FCF—
EV/EBITDA11.3x
Dividend yield—
Diluted EPS6.31

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Electric Utilities and Infrastructure
  • Gas Utilities and Infrastructure
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Electric Utilities and Infrastructure, FY2025: 29.3B (91.0%) 91% Electric Utilities and Infrastructure Gas Utilities and Infrastructure, FY2025: 2.9B (9.0%) 9% FY2024 Electric Utilities and Infrastructure, FY2024: 28B (92.4%) 92% Gas Utilities and Infrastructure, FY2024: 2.3B (7.6%) 8% FY2023 Electric Utilities and Infrastructure, FY2023: 26.8B (92.5%) 92% Gas Utilities and Infrastructure, FY2023: 2.2B (7.5%) 8%
Segment FY2025FY2024FY2023
Electric Utilities and Infrastructure $29.30B $28.02B $26.85B
Gas Utilities and Infrastructure $2.91B $2.30B $2.18B

As the company reported it, from the “Business Segments (Schedule of Revenue, By Products and Services) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $31.74B$30.05B$28.67B$28.68B$24.49B$23.25B$24.35B$23.76B—$22.74B
Cost of revenue ——————$6.83B$6.83B$6.35B$6.62B
Gross profit ——————$17.52B$16.93B—$16.12B
Total operating expenses $23.66B$22.46B$22.04B$22.78B$19.13B$18.81B$19.37B$19.75B$17.97B$17.57B
Operating income $8.63B$7.93B$7.07B$6.01B$5.50B$4.57B$5.71B$4.68B$5.62B$5.20B
Interest expense $3.63B$3.38B$3.01B$2.44B$2.21B$2.10B$2.20B$2.09B$1.99B$1.92B
Pre-tax income $5.71B$5.19B$4.77B$4.08B$3.99B$920.0M$4.10B$3.07B$4.27B$3.73B
Income tax $642.0M$590.0M$438.0M$300.0M$268.0M$169.0M$519.0M$448.0M$1.20B$1.16B
Net income $4.97B$4.52B$2.84B$2.55B$3.91B$1.38B$3.75B$2.67B$3.06B$2.15B
EPS, basic 6.315.713.543.174.941.725.063.764.363.11
EPS, diluted 6.315.713.543.174.941.725.063.764.363.11
Shares, diluted (wtd. avg.) 777.0M772.0M771.0M770.0M769.0M738.0M729.0M708.0M700.0M691.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $245.0M$314.0M$357.0M$603.0M$520.0M$556.0M$573.0M$591.0M$505.0M$541.0M
Receivables $16.0M$1.89B$3.02B$3.11B$2.44B$2.14B$1.99B$2.17B$2.00B$1.89B
Total current assets $11.61B$12.95B$12.77B$13.22B$9.94B$8.68B$9.16B$9.71B$8.45B$8.04B
Property, plant and equipment $129.96B$121.63B$115.31B$111.75B$105.54B$106.78B$102.13B$91.69B$86.39B$82.52B
Goodwill $19.01B$19.01B$19.30B$19.30B$19.30B$19.30B$19.30B$19.30B$19.40B$19.43B
Other intangibles $291.0M$277.0M$282.0M$265.0M$236.0M$295.0M$249.0M$246.0M$230.0M$226.0M
Total assets $195.74B$186.34B$176.89B$178.09B$169.59B$162.39B$158.84B$145.39B$137.91B$132.76B
Accounts payable $5.22B$5.44B$4.23B$4.75B$3.53B$3.14B$3.49B$3.49B$3.04B$2.99B
Short-term debt $7.10B$4.35B$2.80B$3.88B$3.39B$4.24B$3.14B$3.41B$3.24B$2.32B
Total current liabilities $21.05B$19.36B$17.28B$18.87B$15.93B$16.30B$14.75B$15.04B$12.48B$11.55B
Long-term debt $80.11B$76.34B$72.45B$65.87B$60.45B$55.62B$54.98B$51.12B$49.03B$45.58B
Retained earnings $5.06B$3.43B$2.23B$2.64B$3.27B$2.47B$4.11B$3.11B$3.01B$2.38B
Total equity $51.84B$50.13B$50.19B$51.85B$51.14B$49.18B$47.95B$43.83B$41.74B$41.04B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $12.33B$12.33B$9.88B$5.93B$8.29B$8.86B$8.21B$7.19B$6.62B$6.86B
Depreciation and amortisation $7.70B$6.42B$6.08B$5.84B$5.66B$5.49B$5.18B$4.70B$4.05B$3.88B
Capital expenditure $14.02B$12.28B$12.60B$11.37B$9.71B$9.91B$11.12B$9.39B$8.05B$7.90B
Investing cash flow -$14.34B-$13.12B-$12.47B-$11.97B-$10.94B-$10.60B-$11.96B-$10.06B-$8.44B-$11.53B
Financing cash flow $1.95B$859.0M$2.35B$6.13B$2.61B$1.73B$3.73B$2.96B$1.78B$4.25B
Dividends paid ———$3.18B$3.11B$2.81B$2.67B$2.47B$2.45B$2.33B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001326160-26-000014.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B 40B Revenue, FY2016: 22.7B Gross profit, FY2016: 16.1B Net income, FY2016: 2.2B Net income, FY2017: 3.1B Revenue, FY2018: 23.8B Gross profit, FY2018: 16.9B Net income, FY2018: 2.7B Revenue, FY2019: 24.3B Gross profit, FY2019: 17.5B Net income, FY2019: 3.7B Revenue, FY2020: 23.3B Net income, FY2020: 1.4B Revenue, FY2021: 24.5B Net income, FY2021: 3.9B Revenue, FY2022: 28.7B Net income, FY2022: 2.5B Revenue, FY2023: 28.7B Net income, FY2023: 2.8B Revenue, FY2024: 30.1B Net income, FY2024: 4.5B Revenue, FY2025: 31.7B Net income, FY2025: 5B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $22.74B — $23.76B $24.35B $23.25B $24.49B $28.68B $28.67B $30.05B $31.74B
Gross profit $16.12B — $16.93B $17.52B — — — — — —
Net income $2.15B $3.06B $2.67B $3.75B $1.38B $3.91B $2.55B $2.84B $4.52B $4.97B

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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