Duke Energy (DUK) Financials

$117.27 +0.28 (+0.24%)

As of 03:58 PM Eastern

Annual Income Statements for Duke Energy

This table shows Duke Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	4,402	2,735	2,444	3,802	1,270	3,707	2,666	3,059	2,152	2,816
Consolidated Net Income / (Loss)	4,614	2,874	2,455	3,579	1,082	3,571	2,644	3,064	2,170	2,831
Net Income / (Loss) Continuing Operations	4,604	4,329	3,778	3,723	1,089	3,578	2,625	3,070	2,578	2,654
Total Pre-Tax Income	5,194	4,767	4,078	3,991	920	4,097	3,073	4,266	3,734	3,910
Total Operating Income	7,926	7,070	6,012	5,500	4,571	5,709	4,685	5,625	5,202	5,078
Total Gross Profit	15,197	13,756	12,976	11,958	11,353	11,560	9,947	10,639	9,629	9,289
Total Revenue	30,357	29,060	28,768	24,621	23,366	25,079	24,521	23,565	22,743	22,371
Operating Revenue	30,357	29,060	28,768	24,621	23,366	25,079	24,521	23,565	22,743	22,371
Total Cost of Revenue	15,160	15,304	15,792	12,663	12,013	13,519	14,574	12,926	13,114	13,082
Operating Cost of Revenue	15,160	15,304	15,792	12,663	12,013	13,519	13,294	12,926	13,114	13,082
Total Operating Expenses	7,271	6,686	6,964	6,458	6,782	5,851	5,262	5,014	4,427	4,258
Depreciation Expense	5,793	5,253	5,086	4,762	4,504	4,548	4,074	3,527	3,294	3,053
Other Operating Expenses / (Income)	1,466	1,400	1,466	1,355	1,311	1,307	697	1,233	1,142	1,129
Impairment Charge	38	85	434	353	978	-8.00	402	282	18	106
Other Special Charges / (Income)	-26	-52	-22	-12	-11	4.00	89	-28	-27	-30
Total Other Income / (Expense), net	-2,732	-2,303	-1,934	-1,509	-3,651	-1,612	-1,612	-1,359	-1,468	-1,168
Interest Expense	3,384	3,014	2,439	2,207	2,097	2,204	2,094	1,986	1,916	1,527
Interest & Investment Income	-9.00	113	113	62	-2,005	162	83	119	-15	69
Other Income / (Expense), net	661	598	392	636	451	430	399	508	463	290
Income Tax Expense	590	438	300	268	-169	519	448	1,196	1,156	1,256
Net Income / (Loss) Discontinued Operations	10	-1,455	-1,323	-144	-7.00	-7.00	19	-6.00	-408	177
Preferred Stock Dividends Declared	106	106	106	106	107	41	0.00	0.00	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	90	33	-95	-329	-295	-177	-22	5.00	18	15
Basic Earnings per Share	$5.70	$5.35	$4.74	$4.94	-	-	$3.76	$4.36	$3.11	$4.05
Weighted Average Basic Shares Outstanding	772M	771M	770M	769M	737M	729M	708M	700M	691M	694M
Diluted Earnings per Share	$0.01	($1.81)	($1.57)	$4.94	-	-	$3.76	$4.36	$3.11	$4.05
Weighted Average Diluted Shares Outstanding	772M	771M	770M	769M	737M	729M	708M	700M	691M	694M
Basic & Diluted Earnings per Share	$5.71	$3.54	$3.17	-	-	-	$3.76	$4.36	-	-
Weighted Average Basic & Diluted Shares Outstanding	866.12M	860.47M	770M	769M	737M	729M	708M	700M	692M	695.30M
Cash Dividends to Common per Share	$4.14	$4.06	$3.98	$3.90	$3.82	$3.75	$3.64	$3.49	$3.36	$3.24

This table shows Duke Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	1,365	1,191	1,226	886	1,099	991	1,213	-234	765	-650	1,383
Consolidated Net Income / (Loss)	1,404	1,227	1,315	921	1,151	996	1,321	-204	761	-658	1,413
Net Income / (Loss) Continuing Operations	1,404	1,229	1,290	931	1,154	1,135	1,473	751	970	635	1,410
Total Pre-Tax Income	1,597	1,338	1,453	1,071	1,332	1,257	1,515	870	1,125	638	1,568
Total Operating Income	2,343	2,112	2,144	1,707	1,963	1,855	2,111	1,430	1,674	1,194	2,056
Total Gross Profit	3,849	4,671	3,648	3,153	3,725	3,795	3,938	2,732	3,291	3,062	3,713
Total Revenue	8,249	7,360	8,154	7,172	7,671	7,212	7,994	6,578	7,276	7,351	7,842
Operating Revenue	8,249	7,360	8,154	7,172	7,671	7,212	7,994	6,578	7,276	7,351	7,842
Total Cost of Revenue	4,400	2,689	4,506	4,019	3,946	3,417	4,056	3,846	3,985	4,289	4,129
Operating Cost of Revenue	3,972	3,465	4,123	3,626	3,946	3,770	4,056	3,493	3,985	4,289	4,129
Other Cost of Revenue	428	-	383	393	-	-	-	353	-	-	-
Total Operating Expenses	1,506	2,559	1,504	1,446	1,762	1,940	1,827	1,302	1,617	1,868	1,657
Depreciation Expense	1,512	1,481	1,516	1,409	1,387	1,340	1,353	1,333	1,227	1,293	1,299
Other Special Charges / (Income)	-6.00	-1.00	-7.00	-6.00	-12	-6.00	-8.00	-31	-7.00	-5.00	-6.00
Total Other Income / (Expense), net	-746	-774	-691	-636	-631	-598	-596	-560	-549	-556	-488
Interest Expense	889	871	872	824	817	793	774	727	720	679	603
Interest & Investment Income	11	-62	15	21	17	28	45	20	20	21	28
Other Income / (Expense), net	132	159	166	167	169	167	133	147	151	102	87
Income Tax Expense	193	109	163	140	178	122	42	119	155	3.00	158
Net Income / (Loss) Discontinued Operations	0.00	-2.00	25	-10	-3.00	-139	-152	-955	-209	-1,293	3.00
Preferred Stock Dividends Declared	14	-2.00	55	14	39	14	39	14	39	14	39
Net Income / (Loss) Attributable to Noncontrolling Interest	25	22	34	21	13	-9.00	69	16	-43	-22	-9.00
Basic Earnings per Share	$1.76	$1.53	$1.60	$1.13	$1.44	$3.07	$1.59	($0.32)	$1.01	$0.76	$1.81
Weighted Average Basic Shares Outstanding	777M	772M	772M	772M	771M	771M	771M	771M	770M	770M	770M
Diluted Earnings per Share	$1.76	($4.16)	$1.60	$1.13	$1.44	($4.09)	$1.59	($0.32)	$1.01	($4.54)	$1.81
Weighted Average Diluted Shares Outstanding	777M	772M	773M	772M	771M	771M	771M	771M	770M	770M	770M
Weighted Average Basic & Diluted Shares Outstanding	866.92M	866.12M	862.15M	861.86M	861.43M	860.47M	860.38M	860.37M	770.65M	770M	770.06M
Cash Dividends to Common per Share	$1.05	-	$1.05	-	-	-	$1.03	-	-	-	-

This table details how cash moves in and out of Duke Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	64	-246	83	-36	-17	-18	86	0.00	42	-95
Net Cash From Operating Activities	12,328	9,878	5,927	8,290	8,856	8,209	7,186	6,624	6,845	6,685
Net Cash From Continuing Operating Activities	12,416	9,945	5,949	8,303	8,856	8,209	7,186	6,619	6,845	6,685
Net Income / (Loss) Continuing Operations	4,614	2,874	2,455	3,579	1,082	3,571	2,644	3,059	2,152	2,816
Consolidated Net Income / (Loss)	4,614	2,874	2,455	3,579	1,082	3,571	2,644	3,059	2,152	2,816
Depreciation Expense	6,419	6,084	5,843	5,663	5,486	5,176	4,696	4,046	3,880	3,613
Non-Cash Adjustments To Reconcile Net Income	205	737	1,157	-262	2,829	-422	-27	-670	-83	-403
Changes in Operating Assets and Liabilities, net	1,178	250	-3,506	-677	-541	-116	-127	184	896	659
Net Cash From Investing Activities	-13,123	-12,475	-11,973	-10,935	-10,604	-11,957	-10,060	-8,442	-11,528	-5,277
Net Cash From Continuing Investing Activities	-13,123	-12,475	-11,973	-10,935	-10,604	-11,957	-10,060	-8,442	-11,528	-5,277
Purchase of Property, Plant & Equipment	-12,280	-12,604	-11,367	-9,715	-9,907	-11,122	-9,389	-8,052	-7,901	-6,766
Purchase of Investments	-5,711	-3,795	-4,301	-6,179	-8,381	-3,672	-3,762	-4,071	-5,153	-4,037
Sale of Property, Plant & Equipment	49	149	83	0.00	-	-	-	-	1,418	2,968
Divestitures	0.00	734	0.00	0.00	-	-	-	-	0.00	0.00
Sale and/or Maturity of Investments	5,803	3,824	4,339	6,103	7,949	3,354	3,884	4,379	5,237	4,043
Other Investing Activities, net	-984	-783	-727	-1,144	-265	-517	-377	-284	-44	112
Net Cash From Financing Activities	859	2,351	6,129	2,609	1,731	3,730	2,960	1,782	4,251	-2,602
Net Cash From Continuing Financing Activities	859	2,351	6,129	2,609	1,731	3,730	2,960	1,209	4,251	-2,602
Repayment of Debt	-4,841	-5,205	-4,733	-5,147	-7,967	-4,253	-3,200	-2,997	-4,105	-3,996
Repurchase of Preferred Equity	-1,000	0.00	0.00	-	-	-	-	-	-	-
Payment of Dividends	-3,213	-3,244	-3,179	-3,114	-2,812	-2,668	-2,471	-3,023	-2,332	-2,254
Issuance of Debt	9,513	10,638	12,655	9,384	9,339	7,488	6,752	7,229	9,957	5,131
Issuance of Common Equity	452	286	1,386	1,580	3,171	1,227	1,879	0.00	731	17
Other Financing Activities, net	-52	-124	-	-94	0.00	-26	-	0.00	0.00	0.00
Cash Interest Paid	3,284	2,883	2,361	2,248	2,186	2,195	2,086	1,963	1,794	1,607
Cash Income Taxes Paid	-400	1.00	-6.00	-3.00	-585	-651	-266	4.00	229	170

This table details how cash moves in and out of Duke Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	115	-26	-36	-35	161	-217	7.00	-57	21	-26	-10
Net Cash From Operating Activities	2,177	3,377	3,524	2,953	2,474	2,569	3,524	2,302	1,483	739	1,153
Net Cash From Continuing Operating Activities	2,177	3,379	3,636	2,917	2,484	2,586	3,544	2,325	1,490	761	1,153
Net Income / (Loss) Continuing Operations	1,404	1,227	1,315	921	1,151	996	1,321	-204	761	-658	1,413
Consolidated Net Income / (Loss)	1,404	1,227	1,315	921	1,151	996	1,321	-204	761	-658	1,413
Depreciation Expense	1,691	1,627	1,692	1,566	1,534	1,546	1,622	1,572	1,344	1,429	1,491
Non-Cash Adjustments To Reconcile Net Income	7.00	485	-126	-101	-53	-139	-62	836	102	1,515	-141
Changes in Operating Assets and Liabilities, net	-925	40	755	531	-148	183	663	121	-717	-1,525	-1,610
Net Cash From Investing Activities	-3,300	-3,272	-3,276	-3,233	-3,342	-2,724	-3,243	-3,299	-3,209	-3,343	-3,138
Net Cash From Continuing Investing Activities	-3,300	-3,272	-3,276	-3,233	-3,342	-2,724	-3,243	-3,299	-3,209	-3,343	-3,138
Purchase of Property, Plant & Equipment	-3,148	-3,089	-2,987	-2,996	-3,208	-3,294	-3,045	-3,119	-3,146	-3,219	-3,031
Purchase of Investments	-1,966	-2,323	-1,105	-1,330	-953	-954	-1,225	-744	-872	-645	-1,440
Sale and/or Maturity of Investments	2,051	2,353	1,131	1,334	985	976	1,220	746	882	648	1,466
Other Investing Activities, net	-237	-261	-315	-242	-166	-205	-212	-217	-149	-210	-133
Net Cash From Financing Activities	1,238	-131	-284	245	1,029	-62	-274	940	1,747	2,578	1,975
Net Cash From Continuing Financing Activities	1,238	-131	-284	245	1,029	-62	-274	940	1,747	2,578	1,975
Repayment of Debt	-2,051	-941	69	-2,092	-1,877	-594	-1,597	-1,367	-1,647	-1,119	-995
Payment of Dividends	-803	-802	-821	-784	-806	-806	-832	-791	-815	-790	-815
Issuance of Debt	4,096	1,201	1,438	3,099	3,775	1,359	2,125	3,067	4,087	3,109	3,802
Issuance of Common Equity	7.00	379	6.00	63	4.00	8.00	30	42	206	1,254	6.00
Other Financing Activities, net	-11	32	24	-41	-67	-29	-	-11	-84	-	-23

This table presents Duke Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	186,343	176,893	178,086	6,927	162,388	158,838	145,392	41,895	1,137	3,658
Total Current Assets	12,950	12,769	13,222	232	8,682	9,163	9,714	0.00	0.00	746
Cash & Equivalents	314	253	409	-	259	311	442	-	-	-
Accounts Receivable	4,121	4,131	4,415	-	3,153	3,060	3,134	-	-	-
Inventories, net	4,509	4,292	3,584	-	3,167	3,232	3,084	-	-	-
Prepaid Expenses	695	431	973	-	462	764	1,049	-	-	-
Other Current Assets	2,756	3,648	3,485	-	1,641	1,796	2,005	-	-	-
Other Current Nonoperating Assets	4.00	14	356	232	-	-	-	-	-	746
Plant, Property, & Equipment, net	123,303	115,315	111,748	0.00	106,782	102,127	91,694	0.00	0.00	0.00
Plant, Property & Equipment, gross	180,806	171,353	163,839	-	155,609	147,900	134,820	-	-	-
Accumulated Depreciation	57,503	56,038	52,100	-	48,827	45,773	43,126	-	-	-
Total Noncurrent Assets	50,090	48,809	53,116	6,695	46,924	47,548	43,984	41,895	1,137	2,912
Long-Term Investments	353	492	455	-	961	1,936	1,409	-	1,137	499
Goodwill	19,303	19,303	19,303	-	19,303	19,303	19,303	19,396	-	-
Other Noncurrent Operating Assets	30,345	28,817	27,724	-	26,660	26,309	23,272	22,499	-	-
Other Noncurrent Nonoperating Assets	89	197	5,634	6,695	-	-	-	-	-	2,413
Total Liabilities & Shareholders' Equity	186,343	176,893	178,086	50,294	162,388	158,838	145,392	40,953	52,342	54,998
Total Liabilities	135,087	126,706	126,233	4,083	113,204	110,887	101,558	2,163	2,817	4,812
Total Current Liabilities	19,357	17,283	18,873	3,471	16,305	14,752	15,041	2,163	2,817	3,912
Short-Term Debt	7,933	7,088	7,830	3,304	7,111	6,276	6,816	2,163	2,817	3,633
Accounts Payable	5,479	4,228	4,754	-	3,144	3,487	3,487	-	-	-
Current Deferred & Payable Income Tax Liabilities	851	816	722	-	482	392	577	-	-	-
Other Current Liabilities	4,159	4,284	4,406	-	5,031	4,032	3,602	-	-	-
Other Current Nonoperating Liabilities	935	867	1,161	167	537	565	559	-	-	279
Total Noncurrent Liabilities	115,730	109,423	107,360	612	96,899	96,135	86,517	0.00	0.00	900
Long-Term Debt	76,340	72,452	65,873	-	55,625	54,985	51,123	-	-	-
Asset Retirement Reserve & Litigation Obligation	24,036	22,599	25,537	-	27,315	27,701	24,382	-	-	-
Noncurrent Deferred Revenue	1,556	1,393	1,502	-	1,719	1,581	1,650	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	12,318	11,420	10,813	-	9,931	9,502	8,374	-	-	-
Noncurrent Employee Benefit Liabilities	434	485	832	-	969	934	988	-	-	-
Other Noncurrent Operating Liabilities	957	917	876	-	-	1,432	-	-	-	-
Other Noncurrent Nonoperating Liabilities	89	157	1,927	612	-	-	-	-	-	900
Commitments & Contingencies	0.00	0.00	0.00	-	0.00	0.00	0.00	-	-	-
Total Equity & Noncontrolling Interests	51,256	50,187	51,853	46,211	49,184	47,951	43,834	38,790	49,525	50,186
Total Preferred & Common Equity	50,127	49,112	49,322	44,371	47,964	46,822	43,817	38,792	49,530	50,164
Preferred Stock	973	1,962	1,962	-	1,962	1,962	0.00	-	-	-
Total Common Equity	49,154	47,150	47,360	44,371	46,002	44,860	43,817	38,792	49,530	50,164
Common Stock	45,495	44,921	44,863	44,371	43,768	40,882	40,796	38,792	49,530	50,164
Retained Earnings	3,431	2,235	2,637	-	2,471	4,108	3,113	-	-	-
Accumulated Other Comprehensive Income / (Loss)	228	-6.00	-140	-	-237	-130	-92	-	-	-
Noncontrolling Interest	1,129	1,075	2,531	1,840	1,220	1,129	17	-2.00	-5.00	22

This table presents Duke Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	187,476	186,343	183,566	181,575	178,670	176,893	181,160	180,076	52,467	178,086	176,340
Total Current Assets	12,775	12,950	12,142	12,557	12,091	12,769	13,048	13,088	374	13,222	12,972
Cash & Equivalents	475	314	376	390	459	253	324	174	-	409	453
Accounts Receivable	4,006	4,121	4,132	4,136	3,899	4,131	4,075	4,031	-	4,415	4,212
Inventories, net	4,418	4,509	4,338	4,390	4,281	4,292	4,118	4,100	-	3,584	3,487
Prepaid Expenses	780	695	447	436	359	431	602	633	-	973	1,244
Other Current Assets	2,538	2,756	2,300	2,663	3,082	3,648	3,489	3,760	-	3,485	3,576
Other Current Nonoperating Assets	0.00	4.00	4.00	4.00	11	14	440	390	374	356	-
Plant, Property, & Equipment, net	124,874	123,303	121,396	120,100	116,891	115,315	115,947	114,480	0.00	111,748	115,907
Plant, Property & Equipment, gross	183,546	180,806	179,542	177,974	173,926	171,353	170,941	168,506	-	163,839	169,148
Accumulated Depreciation	58,672	57,503	58,146	57,874	57,035	56,038	54,994	54,030	-	52,100	53,241
Total Noncurrent Assets	49,827	50,090	50,028	48,918	49,688	48,809	52,165	52,508	52,093	53,116	47,461
Long-Term Investments	357	353	477	483	502	492	505	479	-	455	951
Goodwill	19,303	19,303	19,303	19,303	19,303	19,303	19,303	19,303	19,303	19,303	19,303
Other Noncurrent Operating Assets	30,167	30,345	30,167	29,054	29,575	28,817	27,761	28,165	27,252	27,724	27,207
Other Noncurrent Nonoperating Assets	0.00	89	81	78	308	197	4,596	4,561	5,538	5,634	-
Total Liabilities & Shareholders' Equity	187,476	186,343	183,566	181,575	178,670	176,893	181,160	180,076	53,666	178,086	176,340
Total Liabilities	135,682	135,087	133,317	130,769	128,032	126,706	129,334	129,005	6,138	126,233	124,171
Total Current Liabilities	16,625	19,357	17,427	15,482	15,546	17,283	17,160	17,375	4,207	18,873	16,912
Short-Term Debt	6,748	7,933	7,544	6,010	6,429	7,088	7,188	8,064	3,731	7,830	6,855
Accounts Payable	4,442	5,479	3,953	3,777	3,364	4,228	3,539	3,225	-	4,754	4,175
Current Deferred & Payable Income Tax Liabilities	794	851	1,016	748	708	816	991	708	-	722	946
Other Current Liabilities	3,802	4,159	4,028	4,076	3,996	4,284	4,103	4,089	-	4,406	4,340
Other Current Nonoperating Liabilities	839	935	886	871	1,049	867	1,339	1,289	476	1,161	596
Total Noncurrent Liabilities	119,057	115,730	115,890	115,287	112,486	109,423	112,174	111,630	1,931	107,360	107,259
Long-Term Debt	79,700	76,340	76,524	76,439	74,979	72,452	71,353	69,914	-	65,873	66,060
Asset Retirement Reserve & Litigation Obligation	23,816	24,036	24,437	24,275	23,058	22,599	25,009	25,935	-	25,537	26,169
Noncurrent Deferred Revenue	1,585	1,556	1,731	1,466	1,352	1,393	1,325	1,353	-	1,502	1,936
Noncurrent Deferred & Payable Income Tax Liabilities	12,497	12,318	11,725	11,633	11,583	11,420	11,294	11,059	-	10,813	11,095
Noncurrent Employee Benefit Liabilities	426	434	432	437	473	485	662	808	-	832	995
Other Noncurrent Operating Liabilities	1,033	957	956	925	915	917	897	841	-	876	1,004
Other Noncurrent Nonoperating Liabilities	0.00	89	85	112	126	157	1,634	1,720	1,931	1,927	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Total Equity & Noncontrolling Interests	51,794	51,256	50,249	50,806	50,638	50,187	51,826	51,071	47,528	51,853	52,169
Total Preferred & Common Equity	50,670	50,127	49,133	49,707	49,551	49,112	49,006	48,333	44,837	49,322	50,345
Preferred Stock	973	973	973	1,962	1,962	1,962	1,962	1,962	-	1,962	1,962
Total Common Equity	49,697	49,154	48,160	47,745	47,589	47,150	47,044	46,371	44,837	47,360	48,383
Common Stock	45,517	45,495	45,061	45,008	44,938	44,921	44,887	44,867	44,837	44,863	44,398
Retained Earnings	3,986	3,431	3,052	2,635	2,542	2,235	2,036	1,615	-	2,637	4,063
Accumulated Other Comprehensive Income / (Loss)	194	228	47	102	109	-6.00	121	-111	-	-140	-78
Noncontrolling Interest	1,124	1,129	1,116	1,099	1,087	1,075	2,820	2,738	2,691	2,531	1,824

This table displays calculated financial ratios and metrics derived from Duke Energy's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.46%	1.02%	16.84%	5.37%	-6.83%	2.28%	4.06%	3.61%	1.66%	-0.61%
EBITDA Growth	9.12%	12.29%	3.80%	12.29%	-7.13%	15.70%	-3.92%	6.64%	6.28%	3.60%
EBIT Growth	11.98%	19.74%	4.37%	22.18%	-18.20%	20.75%	-17.10%	8.26%	5.53%	3.99%
NOPAT Growth	9.43%	15.27%	8.56%	-5.18%	8.52%	24.58%	-1.14%	12.71%	4.20%	5.54%
Net Income Growth	60.54%	17.07%	-31.41%	230.78%	-69.70%	35.06%	-13.71%	41.20%	-23.35%	49.87%
EPS Growth	100.55%	-15.29%	-131.78%	0.00%	0.00%	0.00%	-13.76%	40.19%	-23.21%	52.26%
Operating Cash Flow Growth	24.80%	66.66%	-28.50%	-6.39%	7.88%	14.24%	8.48%	-3.23%	2.39%	1.50%
Free Cash Flow Firm Growth	199.63%	98.64%	-198.74%	32,266.36%	117.63%	96.22%	-44.22%	-1,153.79%	4.20%	-96.77%
Invested Capital Growth	4.20%	6.57%	0.00%	-100.00%	4.69%	7.02%	139.84%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	0.49%	-0.48%	5.85%	2.02%	-3.42%	-0.05%	-17.62%	32.51%	6.28%	0.41%
EBITDA Q/Q Growth	2.25%	6.53%	-0.70%	37.44%	-15.40%	3.51%	-9.09%	27.94%	3.25%	2.78%
EBIT Q/Q Growth	2.99%	10.46%	-0.64%	105.15%	-28.21%	4.92%	-18.72%	55.94%	3.66%	3.39%
NOPAT Q/Q Growth	3.86%	8.52%	0.97%	71.54%	-22.65%	2.48%	-26.83%	47.03%	-30.14%	4.66%
Net Income Q/Q Growth	5.27%	135.57%	-35.00%	184.73%	-67.67%	4.48%	-37.73%	289.82%	-24.50%	15.60%
EPS Q/Q Growth	-99.82%	-172.98%	-140.15%	0.00%	0.00%	0.00%	-8.29%	44.37%	-25.06%	16.05%
Operating Cash Flow Q/Q Growth	7.01%	22.74%	-5.18%	-11.02%	-5.16%	14.71%	-1.74%	6.63%	-0.80%	-1.91%
Free Cash Flow Firm Q/Q Growth	263.28%	-158.32%	-3,164.02%	8,240.23%	-90.42%	96.58%	-1,109.18%	4.52%	-30.14%	-96.81%
Invested Capital Q/Q Growth	1.07%	1.82%	-2.00%	-100.00%	1.64%	-0.03%	136.69%	-1.17%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.06%	47.34%	45.11%	48.57%	48.59%	46.09%	40.57%	45.15%	42.34%	41.52%
EBITDA Margin	49.43%	47.32%	42.57%	47.92%	44.97%	45.12%	39.88%	43.20%	41.97%	40.15%
Operating Margin	26.11%	24.33%	20.90%	22.34%	19.56%	22.76%	19.11%	23.87%	22.87%	22.70%
EBIT Margin	28.29%	26.39%	22.26%	24.92%	21.49%	24.48%	20.73%	26.03%	24.91%	24.00%
Profit (Net Income) Margin	15.20%	9.89%	8.53%	14.54%	4.63%	14.24%	10.78%	13.00%	9.54%	12.65%
Tax Burden Percent	88.83%	60.29%	60.20%	89.68%	117.61%	87.16%	86.04%	71.82%	58.11%	72.40%
Interest Burden Percent	60.49%	62.17%	63.68%	65.04%	18.32%	66.74%	60.44%	69.56%	65.91%	72.84%
Effective Tax Rate	11.36%	9.19%	7.36%	6.72%	-18.37%	12.67%	14.58%	28.04%	30.96%	32.12%
Return on Invested Capital (ROIC)	5.30%	5.10%	9.15%	9.12%	4.92%	4.79%	5.62%	19.32%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	2.35%	0.36%	-17.11%	-8.95%	-2.12%	2.36%	1.08%	23.56%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	3.80%	0.53%	-4.14%	-1.61%	-2.69%	2.99%	0.78%	-12.39%	0.00%	0.00%
Return on Equity (ROE)	9.10%	5.63%	5.01%	7.50%	2.23%	7.78%	6.40%	6.94%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	1.19%	-1.26%	-190.85%	209.12%	0.33%	-1.98%	-76.68%	-180.68%	0.00%	0.00%
Operating Return on Assets (OROA)	4.73%	4.32%	6.92%	7.25%	3.13%	4.04%	5.43%	28.50%	236.29%	107.98%
Return on Assets (ROA)	2.54%	1.62%	2.65%	4.23%	0.67%	2.35%	2.82%	14.24%	90.51%	56.94%
Return on Common Equity (ROCE)	8.64%	5.22%	4.68%	7.11%	2.08%	7.52%	6.40%	6.94%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	9.20%	5.85%	4.98%	8.07%	2.26%	7.63%	6.03%	7.90%	4.38%	5.64%
Net Operating Profit after Tax (NOPAT)	7,026	6,420	5,570	5,131	5,411	4,986	4,002	4,048	3,592	3,447
NOPAT Margin	23.14%	22.09%	19.36%	20.84%	23.16%	19.88%	16.32%	17.18%	15.79%	15.41%
Net Nonoperating Expense Percent (NNEP)	2.95%	4.74%	26.26%	18.06%	7.04%	2.43%	4.55%	-4.24%	-2.85%	-1.19%
Return On Investment Capital (ROIC_SIMPLE)	5.18%	4.95%	4.44%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	49.94%	52.66%	54.89%	51.43%	51.41%	53.91%	59.43%	54.85%	57.66%	58.48%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.95%	23.01%	24.21%	26.23%	29.03%	23.33%	21.46%	21.28%	19.47%	19.03%
Earnings before Interest and Taxes (EBIT)	8,587	7,668	6,404	6,136	5,022	6,139	5,084	6,133	5,665	5,368
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	15,006	13,752	12,247	11,799	10,508	11,315	9,780	10,179	9,545	8,981
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.87	1.69	1.53	1.63	1.26	1.22	1.11	1.14	0.78	0.68
Price to Tangible Book Value (P/TBV)	3.08	2.85	2.58	1.63	2.17	2.14	1.98	2.29	0.78	0.68
Price to Revenue (P/Rev)	3.03	2.74	2.51	2.93	2.48	2.18	1.98	1.88	1.70	1.52
Price to Earnings (P/E)	20.91	29.06	29.59	18.98	45.62	14.78	18.22	14.52	17.98	12.10
Dividend Yield	3.88%	4.40%	4.24%	4.16%	4.85%	4.98%	5.33%	5.50%	5.98%	6.54%
Earnings Yield	4.78%	3.44%	3.38%	5.27%	2.19%	6.77%	5.49%	6.89%	5.56%	8.26%
Enterprise Value to Invested Capital (EV/IC)	1.31	1.24	1.23	0.00	1.10	1.09	1.04	1.11	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	5.86	5.55	5.20	3.14	5.31	4.66	4.27	1.98	1.77	1.66
Enterprise Value to EBITDA (EV/EBITDA)	11.84	11.73	12.22	6.55	11.80	10.33	10.70	4.57	4.23	4.15
Enterprise Value to EBIT (EV/EBIT)	20.70	21.04	23.37	12.60	24.69	19.04	20.59	7.59	7.13	6.94
Enterprise Value to NOPAT (EV/NOPAT)	25.30	25.12	26.87	15.06	22.91	23.44	26.16	11.50	11.24	10.80
Enterprise Value to Operating Cash Flow (EV/OCF)	14.42	16.33	25.25	9.32	14.00	14.24	14.57	7.03	5.90	5.57
Enterprise Value to Free Cash Flow (EV/FCFF)	112.59	0.00	0.00	0.66	340.91	0.00	0.00	0.00	11.24	10.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.64	1.58	1.42	0.07	1.30	1.28	1.32	0.06	0.06	0.07
Long-Term Debt to Equity	1.49	1.44	1.27	0.00	1.16	1.15	1.17	0.00	0.00	0.00
Financial Leverage	1.61	1.47	0.24	0.18	1.27	1.27	0.72	-0.53	-1.00	-1.00
Leverage Ratio	3.58	3.48	1.89	1.77	3.31	3.31	2.27	0.49	0.05	0.10
Compound Leverage Factor	2.17	2.16	1.20	1.15	0.61	2.21	1.37	0.34	0.03	0.07
Debt to Total Capital	62.18%	61.31%	58.70%	6.67%	56.57%	56.09%	56.93%	5.28%	5.38%	6.75%
Short-Term Debt to Total Capital	5.85%	5.46%	6.24%	6.67%	6.28%	5.75%	6.70%	5.28%	5.38%	6.75%
Long-Term Debt to Total Capital	56.33%	55.85%	52.47%	0.00%	50.30%	50.35%	50.23%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.72%	1.51%	1.56%	0.00%	1.73%	1.80%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.83%	0.83%	2.02%	3.72%	1.08%	1.03%	0.02%	0.00%	-0.01%	0.04%
Common Equity to Total Capital	36.27%	36.35%	37.72%	89.61%	40.62%	41.08%	43.05%	94.72%	94.63%	93.21%
Debt to EBITDA	5.62	5.78	6.02	0.28	6.10	5.41	5.92	0.21	0.30	0.40
Net Debt to EBITDA	5.57	5.73	5.95	0.28	5.98	5.22	5.74	0.21	0.18	0.35
Long-Term Debt to EBITDA	5.09	5.27	5.38	0.00	5.42	4.86	5.23	0.00	0.00	0.00
Debt to NOPAT	12.00	12.39	13.23	0.64	11.84	12.29	14.48	0.53	0.78	1.05
Net Debt to NOPAT	11.90	12.27	13.08	0.64	11.62	11.84	14.02	0.53	0.47	0.91
Long-Term Debt to NOPAT	10.87	11.28	11.83	0.00	10.53	11.03	12.77	0.00	0.00	0.00
Altman Z-Score	0.71	0.67	0.61	16.52	0.52	0.58	0.56	13.30	41.71	14.17
Noncontrolling Interest Sharing Ratio	5.07%	7.38%	6.46%	5.26%	6.46%	3.39%	0.02%	-0.01%	0.02%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.67	0.74	0.70	0.07	0.53	0.62	0.65	0.00	0.00	0.19
Quick Ratio	0.23	0.25	0.26	0.00	0.21	0.23	0.24	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,579	-1,585	-116,220	117,708	364	-2,063	-54,584	-37,847	3,592	3,447
Operating Cash Flow to CapEx	100.79%	79.31%	52.53%	85.33%	89.39%	73.81%	76.54%	82.27%	105.58%	176.01%
Free Cash Flow to Firm to Interest Expense	0.47	-0.53	-47.65	53.33	0.17	-0.94	-26.07	-19.06	1.87	2.26
Operating Cash Flow to Interest Expense	3.64	3.28	2.43	3.76	4.22	3.72	3.43	3.34	3.57	4.38
Operating Cash Flow Less CapEx to Interest Expense	0.03	-0.86	-2.20	-0.65	-0.50	-1.32	-1.05	-0.72	0.19	1.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.17	0.16	0.31	0.29	0.15	0.16	0.26	1.10	9.49	4.50
Accounts Receivable Turnover	7.36	6.80	0.00	0.00	7.52	8.10	0.00	0.00	0.00	0.00
Inventory Turnover	3.45	3.89	0.00	0.00	3.75	4.28	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.25	0.26	0.00	0.00	0.22	0.26	0.00	0.00	0.00	0.00
Accounts Payable Turnover	3.12	3.41	0.00	0.00	3.62	3.88	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	49.61	53.67	0.00	0.00	48.53	45.07	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	105.95	93.92	0.00	0.00	97.21	85.26	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	116.86	107.11	0.00	0.00	100.74	94.15	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	38.70	40.48	0.00	0.00	45.00	36.19	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	135,242	129,795	121,790	0.00	112,577	107,530	100,481	41,895	0.00	0.00
Invested Capital Turnover	0.23	0.23	0.47	0.44	0.21	0.24	0.34	1.13	0.00	0.00
Increase / (Decrease) in Invested Capital	5,447	8,005	121,790	-112,577	5,047	7,049	58,586	41,895	0.00	0.00
Enterprise Value (EV)	177,744	161,312	149,645	77,291	123,981	116,888	104,678	46,563	40,364	37,232
Market Capitalization	92,036	79,480	72,313	72,147	57,943	54,783	48,573	44,402	38,689	34,076
Book Value per Share	$57.01	$54.80	$61.50	$57.67	$62.51	$61.53	$61.47	$55.42	$71.89	$72.88
Tangible Book Value per Share	$34.62	$32.37	$36.43	$57.67	$36.28	$35.06	$34.39	$27.71	$71.89	$72.88
Total Capital	135,529	129,727	125,556	49,515	113,260	109,212	101,773	40,953	52,342	53,819
Total Debt	84,273	79,540	73,703	3,304	64,076	61,261	57,939	2,163	2,817	3,633
Total Long-Term Debt	76,340	72,452	65,873	0.00	56,965	54,985	51,123	0.00	0.00	0.00
Net Debt	83,606	78,795	72,839	3,304	62,856	59,014	56,088	2,163	1,680	3,134
Capital Expenditures (CapEx)	12,231	12,455	11,284	9,715	9,907	11,122	9,389	8,052	6,483	3,798
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,212	2,321	1,770	65	-771	376	1,047	0.00	0.00	467
Debt-free Net Working Capital (DFNWC)	1,526	2,574	2,179	65	-512	687	1,489	0.00	0.00	467
Net Working Capital (NWC)	-6,407	-4,514	-5,651	-3,239	-7,623	-5,589	-5,327	-2,163	-2,817	-3,166
Net Nonoperating Expense (NNE)	2,412	3,546	3,115	1,552	4,329	1,415	1,358	984	1,422	616
Net Nonoperating Obligations (NNO)	83,986	79,608	69,937	-46,211	63,393	59,579	56,647	3,105	-49,525	-50,186
Total Depreciation and Amortization (D&A)	6,419	6,084	5,843	5,663	5,486	5,176	4,696	4,046	3,880	3,613
Debt-free, Cash-free Net Working Capital to Revenue	3.99%	7.99%	6.15%	0.26%	-3.30%	1.50%	4.27%	0.00%	0.00%	2.09%
Debt-free Net Working Capital to Revenue	5.03%	8.86%	7.57%	0.26%	-2.19%	2.74%	6.07%	0.00%	0.00%	2.09%
Net Working Capital to Revenue	-21.11%	-15.53%	-19.64%	-13.16%	-32.62%	-22.29%	-21.72%	-9.18%	-12.39%	-14.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.70	$3.54	$0.00	$4.94	$1.72	$5.07	$3.76	$0.00	$3.11	$4.05
Adjusted Weighted Average Basic Shares Outstanding	772M	771M	770M	769M	737M	733.32M	708M	0.00	691M	694M
Adjusted Diluted Earnings per Share	$0.01	$3.54	$0.00	$4.94	$1.72	$5.07	$3.76	$0.00	$3.11	$4.05
Adjusted Weighted Average Diluted Shares Outstanding	772M	771M	770M	769M	738M	733.32M	708M	0.00	691M	694M
Adjusted Basic & Diluted Earnings per Share	$5.71	$0.00	$0.00	$0.00	$1.72	$5.07	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	866.12M	860.47M	770M	769M	768.66M	729M	727.01M	0.00	699.61M	688.38M
Normalized Net Operating Profit after Tax (NOPAT)	7,036	6,450	5,951	5,449	3,877	4,982	4,421	4,231	3,585	3,498
Normalized NOPAT Margin	23.18%	22.20%	20.69%	22.13%	16.59%	19.87%	18.03%	17.95%	15.76%	15.64%
Pre Tax Income Margin	17.11%	16.40%	14.18%	16.21%	3.94%	16.34%	12.53%	18.10%	16.42%	17.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.54	2.54	2.63	2.78	2.39	2.79	2.43	3.09	2.96	3.52
NOPAT to Interest Expense	2.08	2.13	2.28	2.32	2.58	2.26	1.91	2.04	1.87	2.26
EBIT Less CapEx to Interest Expense	-1.08	-1.59	-2.00	-1.62	-2.33	-2.26	-2.06	-0.97	-0.43	1.03
NOPAT Less CapEx to Interest Expense	-1.54	-2.00	-2.34	-2.08	-2.14	-2.78	-2.57	-2.02	-1.51	-0.23
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	69.64%	112.87%	129.49%	87.01%	259.89%	74.71%	93.46%	98.66%	107.47%	79.62%
Augmented Payout Ratio	69.64%	112.87%	129.49%	87.01%	259.89%	74.71%	93.46%	98.66%	107.47%	132.60%

This table displays calculated financial ratios and metrics derived from Duke Energy's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.53%	2.05%	2.00%	9.03%	5.43%	-1.89%	1.94%	0.21%	3.78%	27.58%	12.82%
EBITDA Growth	13.64%	9.25%	3.52%	9.24%	15.68%	30.94%	6.38%	4.79%	9.92%	-3.06%	8.12%
EBIT Growth	16.09%	12.31%	2.94%	18.83%	16.82%	56.02%	4.71%	0.96%	30.08%	-3.07%	11.32%
NOPAT Growth	21.12%	15.82%	-7.26%	20.21%	17.83%	40.94%	11.02%	-3.93%	13.13%	6.67%	17.32%
Net Income Growth	21.98%	23.19%	-0.45%	551.47%	51.25%	251.37%	-6.51%	-123.18%	-7.20%	-199.10%	10.74%
EPS Growth	22.22%	-1.71%	0.63%	453.13%	42.57%	9.91%	-12.15%	-128.07%	4,950.00%	-582.98%	1.12%
Operating Cash Flow Growth	-12.00%	31.45%	0.00%	28.28%	66.82%	247.63%	205.64%	2.77%	-17.38%	-30.48%	-65.62%
Free Cash Flow Firm Growth	95.59%	44.60%	-286.08%	-11.80%	-212.74%	94.75%	84.14%	16.93%	2,284.35%	-206.08%	-152.63%
Invested Capital Growth	4.36%	4.20%	4.97%	4.97%	183.41%	6.57%	2.57%	4.58%	-60.99%	0.00%	7.88%
Revenue Q/Q Growth	12.08%	-9.74%	13.69%	-6.51%	6.36%	-9.78%	21.53%	-9.59%	-1.02%	-6.26%	19.47%
EBITDA Q/Q Growth	6.88%	-2.60%	16.34%	-6.16%	2.75%	-7.71%	22.77%	-0.63%	16.29%	-25.01%	20.93%
EBIT Q/Q Growth	8.98%	-1.69%	23.27%	-12.10%	5.44%	-9.89%	42.30%	-13.59%	40.82%	-39.52%	37.20%
NOPAT Q/Q Growth	6.18%	1.92%	28.28%	-12.75%	1.54%	-18.39%	66.27%	-14.48%	21.46%	-35.72%	43.89%
Net Income Q/Q Growth	14.43%	-6.69%	42.78%	-19.98%	15.56%	-24.60%	747.55%	-126.81%	215.65%	-146.57%	60.57%
EPS Q/Q Growth	142.31%	-360.00%	41.59%	-21.53%	14.29%	-357.23%	596.88%	-131.68%	405.00%	-350.83%	58.77%
Operating Cash Flow Q/Q Growth	-35.53%	-4.17%	19.34%	19.36%	-3.70%	-27.10%	53.08%	55.23%	100.68%	-35.91%	-48.53%
Free Cash Flow Firm Q/Q Growth	-5.22%	20.77%	7.92%	94.26%	-1,222.03%	-452.11%	73.33%	-105.79%	161.55%	-1,568.49%	-39.64%
Invested Capital Q/Q Growth	1.81%	1.07%	0.80%	0.61%	1.65%	1.82%	0.81%	171.62%	-61.77%	-2.00%	2.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.66%	63.46%	44.74%	43.96%	48.56%	52.62%	49.26%	41.53%	45.23%	41.65%	47.35%
EBITDA Margin	50.50%	52.96%	49.08%	47.96%	47.79%	49.47%	48.36%	47.87%	43.55%	37.07%	46.34%
Operating Margin	28.40%	28.70%	26.29%	23.80%	25.59%	25.72%	26.41%	21.74%	23.01%	16.24%	26.22%
EBIT Margin	30.00%	30.86%	28.33%	26.13%	27.79%	28.04%	28.07%	23.97%	25.08%	17.63%	27.33%
Profit (Net Income) Margin	17.02%	16.67%	16.13%	12.84%	15.00%	13.81%	16.52%	-3.10%	10.46%	-8.95%	18.02%
Tax Burden Percent	87.91%	91.70%	90.50%	85.99%	86.41%	79.24%	87.19%	-23.45%	67.64%	-103.13%	90.11%
Interest Burden Percent	64.53%	58.92%	62.90%	57.15%	62.48%	62.17%	67.51%	55.17%	61.64%	49.23%	73.17%
Effective Tax Rate	12.09%	8.15%	11.22%	13.07%	13.36%	9.71%	2.77%	13.68%	13.78%	0.47%	10.08%
Return on Invested Capital (ROIC)	5.73%	6.04%	5.40%	4.80%	7.32%	5.37%	5.96%	4.41%	6.94%	7.64%	5.35%
ROIC Less NNEP Spread (ROIC-NNEP)	4.95%	5.17%	4.66%	4.08%	5.95%	4.46%	4.97%	2.42%	4.91%	-7.93%	4.71%
Return on Net Nonoperating Assets (RNNOA)	8.07%	8.33%	7.27%	6.30%	4.87%	6.53%	7.06%	3.41%	3.34%	-1.92%	6.20%
Return on Equity (ROE)	13.80%	14.37%	12.66%	11.10%	12.18%	11.90%	13.01%	7.82%	10.28%	5.72%	11.55%
Cash Return on Invested Capital (CROIC)	1.21%	1.19%	0.33%	0.49%	-88.19%	-1.26%	2.16%	0.13%	94.67%	-190.85%	-2.97%
Operating Return on Assets (OROA)	5.07%	5.16%	4.69%	4.34%	7.08%	4.59%	4.59%	3.95%	6.51%	5.48%	4.33%
Return on Assets (ROA)	2.88%	2.79%	2.67%	2.13%	3.82%	2.26%	2.70%	-0.51%	2.72%	-2.78%	2.85%
Return on Common Equity (ROCE)	13.11%	13.64%	11.81%	10.25%	11.47%	11.02%	11.94%	7.17%	9.61%	5.35%	10.69%
Return on Equity Simple (ROE_SIMPLE)	9.61%	0.00%	8.92%	8.83%	6.59%	0.00%	2.49%	2.71%	5.34%	0.00%	7.50%
Net Operating Profit after Tax (NOPAT)	2,060	1,940	1,903	1,484	1,701	1,675	2,052	1,234	1,443	1,188	1,849
NOPAT Margin	24.97%	26.36%	23.34%	20.69%	22.17%	23.22%	25.68%	18.77%	19.84%	16.17%	23.58%
Net Nonoperating Expense Percent (NNEP)	0.78%	0.87%	0.74%	0.72%	1.37%	0.91%	0.99%	1.99%	2.03%	15.56%	0.64%
Return On Investment Capital (ROIC_SIMPLE)	1.49%	1.43%	-	-	-	1.29%	-	-	-	0.95%	-
Cost of Revenue to Revenue	53.34%	36.54%	55.26%	56.04%	51.44%	47.38%	50.74%	58.47%	54.77%	58.35%	52.65%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.26%	34.77%	18.44%	20.16%	22.97%	26.90%	22.85%	19.79%	22.22%	25.41%	21.13%
Earnings before Interest and Taxes (EBIT)	2,475	2,271	2,310	1,874	2,132	2,022	2,244	1,577	1,825	1,296	2,143
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,166	3,898	4,002	3,440	3,666	3,568	3,866	3,149	3,169	2,725	3,634
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.13	1.87	2.06	1.79	1.72	1.69	1.55	1.41	1.56	1.53	1.36
Price to Tangible Book Value (P/TBV)	3.48	3.08	3.44	3.01	2.89	2.85	2.62	2.42	2.73	2.58	2.26
Price to Revenue (P/Rev)	3.41	3.03	3.29	2.85	2.77	2.74	2.49	2.26	2.40	2.51	2.42
Price to Earnings (P/E)	22.63	20.91	23.65	20.42	26.60	29.06	66.55	51.88	29.16	29.59	17.21
Dividend Yield	3.41%	3.88%	3.57%	4.13%	4.30%	4.40%	4.77%	4.72%	4.42%	4.24%	4.63%
Earnings Yield	4.42%	4.78%	4.23%	4.90%	3.76%	3.44%	1.50%	1.93%	3.43%	3.38%	5.81%
Enterprise Value to Invested Capital (EV/IC)	1.40	1.31	1.38	1.28	1.25	1.24	1.22	1.17	1.64	1.23	1.14
Enterprise Value to Revenue (EV/Rev)	6.25	5.86	6.11	5.66	5.61	5.55	5.32	5.08	2.62	5.20	5.19
Enterprise Value to EBITDA (EV/EBITDA)	12.47	11.84	12.58	11.70	11.59	11.73	12.03	11.64	6.08	12.22	11.45
Enterprise Value to EBIT (EV/EBIT)	21.65	20.70	22.15	20.57	20.70	21.04	22.37	21.58	11.15	23.37	21.90
Enterprise Value to NOPAT (EV/NOPAT)	26.18	25.30	27.30	24.58	24.73	25.12	26.25	25.91	13.26	26.87	25.59
Enterprise Value to Operating Cash Flow (EV/OCF)	16.07	14.42	16.03	14.77	15.19	16.33	19.30	26.00	13.56	25.25	22.58
Enterprise Value to Free Cash Flow (EV/FCFF)	118.22	112.59	424.98	268.52	0.00	0.00	57.16	910.72	0.97	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.67	1.64	1.67	1.62	1.61	1.58	1.52	1.53	0.08	1.42	1.40
Long-Term Debt to Equity	1.54	1.49	1.52	1.50	1.48	1.44	1.38	1.37	0.00	1.27	1.27
Financial Leverage	1.63	1.61	1.56	1.54	0.82	1.47	1.42	1.41	0.68	0.24	1.32
Leverage Ratio	3.57	3.58	3.57	3.55	2.35	3.48	3.44	3.43	2.26	1.89	3.32
Compound Leverage Factor	2.31	2.11	2.25	2.03	1.47	2.16	2.32	1.89	1.40	0.93	2.43
Debt to Total Capital	62.53%	62.18%	62.59%	61.87%	61.65%	61.31%	60.25%	60.43%	7.28%	58.70%	58.29%
Short-Term Debt to Total Capital	4.88%	5.85%	5.62%	4.51%	4.87%	5.46%	5.51%	6.25%	7.28%	6.24%	5.48%
Long-Term Debt to Total Capital	57.65%	56.33%	56.97%	57.36%	56.78%	55.85%	54.73%	54.18%	0.00%	52.47%	52.81%
Preferred Equity to Total Capital	0.70%	0.72%	0.72%	1.47%	1.49%	1.51%	1.51%	1.52%	0.00%	1.56%	1.57%
Noncontrolling Interests to Total Capital	0.81%	0.83%	0.83%	0.82%	0.82%	0.83%	2.16%	2.12%	5.25%	2.02%	1.46%
Common Equity to Total Capital	35.95%	36.27%	35.86%	35.83%	36.04%	36.35%	36.09%	35.93%	87.47%	37.72%	38.68%
Debt to EBITDA	5.58	5.62	5.73	5.67	5.71	5.78	6.08	6.15	0.30	6.02	5.91
Net Debt to EBITDA	5.52	5.57	5.67	5.61	5.65	5.73	6.02	6.10	0.30	5.95	5.80
Long-Term Debt to EBITDA	5.14	5.09	5.21	5.26	5.26	5.27	5.53	5.52	0.00	5.38	5.36
Debt to NOPAT	11.71	12.00	12.43	11.91	12.19	12.39	13.28	13.69	0.65	13.23	13.22
Net Debt to NOPAT	11.59	11.90	12.30	11.78	12.05	12.27	13.14	13.58	0.65	13.08	12.96
Long-Term Debt to NOPAT	10.79	10.87	11.31	11.04	11.23	11.28	12.06	12.27	0.00	11.83	11.98
Altman Z-Score	0.68	0.60	0.64	0.59	0.58	0.57	0.53	0.48	7.40	0.51	0.52
Noncontrolling Interest Sharing Ratio	5.02%	5.07%	6.73%	7.62%	5.85%	7.38%	8.24%	8.31%	6.54%	6.46%	7.43%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.77	0.67	0.70	0.81	0.78	0.74	0.76	0.75	0.09	0.70	0.77
Quick Ratio	0.27	0.23	0.26	0.29	0.28	0.25	0.26	0.24	0.00	0.26	0.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,690	-3,507	-4,427	-4,807	-83,685	-6,330	-1,147	-4,300	74,228	-120,602	-7,228
Operating Cash Flow to CapEx	69.16%	111.05%	117.98%	98.60%	77.12%	78.44%	116.46%	74.64%	48.31%	23.57%	38.04%
Free Cash Flow to Firm to Interest Expense	-4.15	-4.03	-5.08	-5.83	-102.43	-7.98	-1.48	-5.91	103.09	-177.62	-11.99
Operating Cash Flow to Interest Expense	2.45	3.88	4.04	3.58	3.03	3.24	4.55	3.17	2.06	1.09	1.91
Operating Cash Flow Less CapEx to Interest Expense	-1.09	0.39	0.62	-0.05	-0.90	-0.89	0.64	-1.08	-2.20	-3.53	-3.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.17	0.17	0.17	0.17	0.25	0.16	0.16	0.16	0.26	0.31	0.16
Accounts Receivable Turnover	7.83	7.36	7.36	7.36	0.00	6.80	7.05	7.30	0.00	0.00	7.11
Inventory Turnover	3.50	3.45	3.76	3.64	0.00	3.89	4.25	4.45	0.00	0.00	4.61
Fixed Asset Turnover	0.26	0.25	0.25	0.26	0.00	0.26	0.25	0.25	0.00	0.00	0.24
Accounts Payable Turnover	3.90	3.12	4.24	4.41	0.00	3.41	4.19	4.52	0.00	0.00	4.17
Days Sales Outstanding (DSO)	46.64	49.61	49.58	49.60	0.00	53.67	51.80	50.01	0.00	0.00	51.31
Days Inventory Outstanding (DIO)	104.26	105.95	97.13	100.36	0.00	93.92	85.80	82.08	0.00	0.00	79.21
Days Payable Outstanding (DPO)	93.56	116.86	86.06	82.77	0.00	107.11	87.03	80.82	0.00	0.00	87.60
Cash Conversion Cycle (CCC)	57.34	38.70	60.65	67.19	0.00	40.48	50.57	51.26	0.00	0.00	42.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	137,691	135,242	133,805	132,745	131,941	129,795	127,475	126,454	46,555	121,790	124,276
Invested Capital Turnover	0.23	0.23	0.23	0.23	0.33	0.23	0.23	0.23	0.35	0.47	0.23
Increase / (Decrease) in Invested Capital	5,750	5,447	6,330	6,291	85,386	8,005	3,199	5,534	-72,785	121,790	9,077
Enterprise Value (EV)	193,354	177,744	184,677	170,181	165,117	161,312	155,304	147,595	76,143	149,645	141,152
Market Capitalization	105,641	92,036	99,373	85,544	81,621	79,480	72,810	65,570	69,721	72,313	65,855
Book Value per Share	$57.38	$57.01	$55.88	$55.43	$61.72	$54.80	$54.68	$60.17	$58.22	$61.50	$62.84
Tangible Book Value per Share	$35.09	$34.62	$33.48	$33.02	$36.69	$32.37	$32.24	$35.12	$33.16	$36.43	$37.77
Total Capital	138,242	135,529	134,317	133,255	132,046	129,727	130,367	129,049	51,259	125,556	125,084
Total Debt	86,448	84,273	84,068	82,449	81,408	79,540	78,541	77,978	3,731	73,703	72,915
Total Long-Term Debt	79,700	76,340	76,524	76,439	74,979	72,452	71,353	69,914	0.00	65,873	66,060
Net Debt	85,616	83,606	83,215	81,576	80,447	78,795	77,712	77,325	3,731	72,839	71,511
Capital Expenditures (CapEx)	3,148	3,041	2,987	2,995	3,208	3,275	3,026	3,084	3,070	3,136	3,031
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,423	1,212	1,883	2,695	2,515	2,321	2,752	3,603	-102	1,770	2,462
Debt-free Net Working Capital (DFNWC)	2,898	1,526	2,259	3,085	2,974	2,574	3,076	3,777	-102	2,179	2,915
Net Working Capital (NWC)	-3,850	-6,407	-5,285	-2,925	-3,455	-4,514	-4,112	-4,287	-3,833	-5,651	-3,940
Net Nonoperating Expense (NNE)	656	713	588	563	550	679	731	1,438	682	1,846	436
Net Nonoperating Obligations (NNO)	85,897	83,986	83,556	81,939	81,303	79,608	75,649	75,383	-973	69,937	72,107
Total Depreciation and Amortization (D&A)	1,691	1,627	1,692	1,566	1,534	1,546	1,622	1,572	1,344	1,429	1,491
Debt-free, Cash-free Net Working Capital to Revenue	7.83%	3.99%	6.23%	8.97%	8.54%	7.99%	9.43%	12.40%	-0.35%	6.15%	9.06%
Debt-free Net Working Capital to Revenue	9.37%	5.03%	7.48%	10.27%	10.10%	8.86%	10.53%	13.00%	-0.35%	7.57%	10.73%
Net Working Capital to Revenue	-12.45%	-21.11%	-17.49%	-9.73%	-11.73%	-15.53%	-14.08%	-14.76%	-13.20%	-19.64%	-14.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.76	$1.53	$1.60	$1.13	$1.44	$3.07	$1.59	($0.32)	$1.20	$0.76	$1.81
Adjusted Weighted Average Basic Shares Outstanding	777M	772M	772M	772M	771M	771M	771M	771M	770M	770M	770M
Adjusted Diluted Earnings per Share	$1.76	($4.16)	$1.60	$1.13	$1.44	($4.09)	$1.59	($0.32)	($0.19)	($4.54)	$1.81
Adjusted Weighted Average Diluted Shares Outstanding	777M	772M	773M	772M	771M	771M	771M	771M	770M	770M	770M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.01	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	866.92M	866.12M	862.15M	861.86M	861.43M	860.47M	860.38M	860.37M	770.65M	770M	770.06M
Normalized Net Operating Profit after Tax (NOPAT)	2,055	1,938	1,893	1,516	1,691	1,660	2,130	1,208	1,444	1,414	1,840
Normalized NOPAT Margin	24.91%	26.33%	23.21%	21.14%	22.05%	23.01%	26.65%	18.36%	19.85%	19.24%	23.46%
Pre Tax Income Margin	19.36%	18.18%	17.82%	14.93%	17.36%	17.43%	18.95%	13.23%	15.46%	8.68%	19.99%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.78	2.61	2.65	2.27	2.61	2.55	2.90	2.17	2.53	1.91	3.55
NOPAT to Interest Expense	2.32	2.23	2.18	1.80	2.08	2.11	2.65	1.70	2.00	1.75	3.07
EBIT Less CapEx to Interest Expense	-0.76	-0.88	-0.78	-1.36	-1.32	-1.58	-1.01	-2.07	-1.73	-2.71	-1.47
NOPAT Less CapEx to Interest Expense	-1.22	-1.26	-1.24	-1.83	-1.84	-2.02	-1.26	-2.54	-2.26	-2.87	-1.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	65.95%	69.64%	73.40%	73.55%	99.11%	112.87%	264.59%	244.74%	133.35%	129.49%	83.74%
Augmented Payout Ratio	65.95%	69.64%	73.40%	73.55%	99.11%	112.87%	264.59%	244.74%	133.35%	129.49%	83.74%

Frequently Asked Questions About Duke Energy's Financials

When does Duke Energy's financial year end?

According to the most recent income statement we have on file, Duke Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Duke Energy's net income changed over the last 9 years?

Duke Energy's net income appears to be on an upward trend, with a most recent value of $4.61 billion in 2024, rising from $2.83 billion in 2015. The previous period was $2.87 billion in 2023. Check out Duke Energy's forecast to explore projected trends and price targets.

What is Duke Energy's operating income?

Duke Energy's total operating income in 2024 was $7.93 billion, based on the following breakdown:

Total Gross Profit: $15.20 billion
Total Operating Expenses: $7.27 billion

How has Duke Energy revenue changed over the last 9 years?

Over the last 9 years, Duke Energy's total revenue changed from $22.37 billion in 2015 to $30.36 billion in 2024, a change of 35.7%.

How much debt does Duke Energy have?

Duke Energy's total liabilities were at $135.09 billion at the end of 2024, a 6.6% increase from 2023, and a 2,707.3% increase since 2015.

How much cash does Duke Energy have?

In the past 9 years, Duke Energy's cash and equivalents has ranged from $0.00 in 2015 to $442 million in 2018, and is currently $314 million as of their latest financial filing in 2024.

How has Duke Energy's book value per share changed over the last 9 years?

Over the last 9 years, Duke Energy's book value per share changed from 72.88 in 2015 to 57.01 in 2024, a change of -21.8%.

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This page (NYSE:DUK) was last updated on 5/20/2025 by MarketBeat.com Staff

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Duke Energy (DUK) Financials

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Duke Energy (DUK) Financials

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