Duke Energy CORP DUK
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 6.31 | 5.71 | 3.54 | 3.17 | 4.94 | 1.72 | 5.06 | 3.76 | 4.36 | 3.11 |
| EPS, diluted | 6.31 | 5.71 | 3.54 | 3.17 | 4.94 | 1.72 | 5.06 | 3.76 | 4.36 | 3.11 |
| Shares, diluted (wtd. avg.) | $777.0M | $772.0M | $771.0M | $770.0M | $769.0M | $738.0M | $729.0M | $708.0M | $700.0M | $691.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 4931
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|---|---|---|---|---|
| XEL | XCEL ENERGY INC | $47.30B | 22.1x | — |
| EXC | EXELON CORP | $44.65B | — | 5.3% |
| ED | CONSOLIDATED EDISON INC | $39.54B | 19.0x | 10.2% |
| PCG | PG&E Corp | $38.33B | 12.1x | 2.1% |
| PEG | PUBLIC SERVICE ENTERPRISE GROUP INC | $36.73B | 17.5x | 22.8% |
| WEC | WEC ENERGY GROUP, INC. | $34.52B | 22.0x | 14.0% |
| AEE | AMEREN CORP | $29.48B | 19.9x | 15.4% |
| NI | NISOURCE INC. | $19.85B | 21.2x | 23.5% |