Overview
Duke Energy CORP
Latest 10-K: FY2025 · Open the 10-K on SEC EDGAR ↗
- Revenue
- $31.74B
- 5.6%YoYup from FY2024
- TotalRevenue
- Gross profit
- Not reported
- Operating income
- $8.63B
- 8.8%YoYup from FY2024
- OperatingIncome
- Net income
- $4.97B
- 9.8%YoYup from FY2024
- NetIncome
- Diluted EPS
- $6.31
- 10.5%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 777.0M
- 0.6%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- Duke Energy CORP reported revenue of $31.74B for fiscal 2025, up 5.6% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 2 of the last 5 fiscal years.
Profitability
- Operating margin was 27.2% and net margin was 15.7%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $6.31, up 10.5% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $31.74B5.6%up Benchmark median 6.4% | $30.05B4.8%up Benchmark median 4.5% | $28.67B0.0%unchanged Benchmark median 4.8% | $28.68B17.1%up Benchmark median 10.3% | $24.49B5.3%up Benchmark median 13.8% | 6.7% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | — | — | — | — | — | — Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $8.63B8.8%up Benchmark median 7.3% | $7.93B12.1%up Benchmark median 7.4% | $7.07B17.6%up Benchmark median 4.9% | $6.01B9.3%up Benchmark median 7.5% | $5.50B20.3%up Benchmark median 23.5% | 11.9% Benchmark median 7.2% |
| Net Income | $4.97B9.8%up Benchmark median 4.8% | $4.52B59.2%up Benchmark median 5.7% | $2.84B11.4%up Benchmark median 1.9% | $2.55B34.7%down Benchmark median 1.3% | $3.91B183.8%up Benchmark median 33.9% | 6.2% Benchmark median 4.1% |
| EPS (Diluted) | $6.3110.5%up Benchmark median 6.2% | $5.7161.3%up Benchmark median 7.9% | $3.5411.7%up Benchmark median 1.9% | $3.1735.8%down Benchmark median 1.5% | $4.94187.2%up Benchmark median 34.8% | 6.3% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $195.74B5.0%up Benchmark median 5.6% | $186.34B5.3%up Benchmark median 3.4% | $176.89B0.7%down Benchmark median 4.1% | $178.09B5.0%up Benchmark median 2.2% | $169.59B4.4%up Benchmark median 6.7% | 3.7% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | — | — | — | — | — | — Benchmark median 4.4% |
| Stockholders' Equity | $53.02B3.4%up Benchmark median 6.8% | $51.26B2.1%up Benchmark median 5.4% | $50.19B3.2%down Benchmark median 7.3% | $51.85B1.4%up Benchmark median 2.5% | $51.14B4.0%up Benchmark median 9.0% | 0.9% Benchmark median 6.1% |
| Cash & Equivalents | $245.00M22.0%down Benchmark median 5.2% | $314.00M24.1%up Benchmark median 1.9% | $253.00M38.1%down Benchmark median 6.7% | $409.00M19.9%up Benchmark median -8.6% | $341.00M31.7%up Benchmark median -2.9% | -7.9% Benchmark median 2.0% |
| Total Debt | $89.84B6.6%up Benchmark median 2.1% | $84.27B6.0%up Benchmark median 0.2% | $79.54B7.9%up Benchmark median 0.3% | $73.70B9.8%up Benchmark median 0.1% | $67.14B7.0%up Benchmark median -0.1% | 7.6% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.33B0.0%unchanged Benchmark median 6.3% | $12.33B24.8%up Benchmark median 4.8% | $9.88B66.7%up Benchmark median 9.9% | $5.93B28.5%down Benchmark median -0.7% | $8.29B6.4%down Benchmark median 10.7% | 10.4% Benchmark median 7.0% |
| Capital Expenditures | $14.02B14.2%up Benchmark median 5.4% | $12.28B2.6%down Benchmark median 2.8% | $12.60B10.9%up Benchmark median 11.3% | $11.37B17.0%up Benchmark median 14.0% | $9.71B1.9%down Benchmark median 8.1% | 9.6% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | negative: -$1.69B3629.2%down Benchmark median 7.3% | $0.05Bn/m Benchmark median 6.1% | negative: -$2.73Bn/m Benchmark median 8.8% | negative: -$5.44Bn/m Benchmark median -11.3% | negative: -$1.43Bn/m Benchmark median 10.2% | n/m Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
5.4%
Wall Street
on net earnings
FY2024 5.3%
negative: −1.9%
Value investor
on free cash flow
FY2024 0.1%
Gap −7.3 pts: Value-investor figure 7.3 points lower
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 18.6×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
9.0%
Wall Street
on EBITDA
FY2024 8.6%
4.8%
Value investor
on EBIT
FY2024 4.7%
Gap −4.2 pts: Value-investor figure 4.2 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 11.1×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
58.2%
Wall Street
on book equity
FY2024 61.6%
37.3%
Value investor
on tangible book
FY2024 38.8%
Gap −20.9 pts: Value-investor figure 20.9 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 1.7×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
9.5%
Wall Street
ROE: net income ÷ equity
FY2024 8.9%
4.2%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 4.0%
Gap −5.3 pts: Value-investor figure 5.3 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
51.4%
Wall Street
EBITDA margin
FY2024 47.7%
negative: −5.3%
Value investor
Free-cash-flow margin
FY2024 0.2%
Gap −56.7 pts: Value-investor figure 56.7 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
0.55×
Wall Street
Current ratio
FY2024 0.67×
0.55×
Value investor
Quick ratio, inventory excluded
FY2024 0.67×
Gap Same: Both views read the same
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.18×
Wall Street
EBITDA ÷ total debt
FY2024 0.17×
negative: −0.02×
Value investor
FCF ÷ total debt
FY2024 0.00×
Gap −0.20×: Value-investor figure 0.20 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 5.49×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
4.5×
Wall Street
EBITDA ÷ interest
FY2024 4.2×
2.4×
Value investor
EBIT ÷ interest
FY2024 2.3×
Gap −2.1×: Value-investor figure 2.1 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on DUK yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on DUK and publish the result to your public profile.
Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/DUK
Valuein. (2026, October 30). Duke Energy CORP (DUK) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/DUK
@misc{valuein_duk_2026,
author = {{Valuein}},
title = {Duke Energy CORP (DUK) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/DUK}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Feb 26, 2010 · accession 0001193125-10-043083
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point-in-time · survivorship-free · every number traceable to its SEC filing
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