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Duke Energy (DUK) Financials

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$125.36 -0.57 (-0.45%)
Closing price 08/8/2025 03:59 PM Eastern
Extended Trading
$126.02 +0.66 (+0.53%)
As of 08/8/2025 08:00 PM Eastern
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Annual Income Statements for Duke Energy

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
1,883 2,816 2,152 3,059 2,666 3,707 1,270 3,802 2,444 2,735 4,402
Consolidated Net Income / (Loss)
1,889 2,831 2,170 3,064 2,644 3,571 1,082 3,579 2,455 2,874 4,614
Net Income / (Loss) Continuing Operations
2,538 2,654 2,578 3,070 2,625 3,578 1,089 3,723 3,778 4,329 4,604
Total Pre-Tax Income
3,763 3,910 3,734 4,266 3,073 4,097 920 3,991 4,078 4,767 5,194
Total Operating Income
4,842 5,078 5,202 5,625 4,685 5,709 4,571 5,500 6,012 7,070 7,926
Total Gross Profit
9,061 9,289 9,629 10,639 9,947 11,560 11,353 11,958 12,976 13,756 15,197
Total Revenue
22,509 22,371 22,743 23,565 24,521 25,079 23,366 24,621 28,768 29,060 30,357
Operating Revenue
22,509 22,371 22,743 23,565 24,521 25,079 23,366 24,621 28,768 29,060 30,357
Total Cost of Revenue
13,448 13,082 13,114 12,926 14,574 13,519 12,013 12,663 15,792 15,304 15,160
Operating Cost of Revenue
13,448 13,082 13,114 12,926 13,294 13,519 12,013 12,663 15,792 15,304 15,160
Total Operating Expenses
4,244 4,258 4,427 5,014 5,262 5,851 6,782 6,458 6,964 6,686 7,271
Depreciation Expense
2,969 3,053 3,294 3,527 4,074 4,548 4,504 4,762 5,086 5,253 5,793
Other Operating Expenses / (Income)
1,204 1,129 1,142 1,233 697 1,307 1,311 1,355 1,466 1,400 1,466
Impairment Charge
81 106 18 282 402 -8.00 978 353 434 85 38
Other Special Charges / (Income)
-10 -30 -27 -28 89 4.00 -11 -12 -22 -52 -26
Total Other Income / (Expense), net
-1,079 -1,168 -1,468 -1,359 -1,612 -1,612 -3,651 -1,509 -1,934 -2,303 -2,732
Interest Expense
1,529 1,527 1,916 1,986 2,094 2,204 2,097 2,207 2,439 3,014 3,384
Interest & Investment Income
130 69 -15 119 83 162 -2,005 62 113 113 -9.00
Other Income / (Expense), net
320 290 463 508 399 430 451 636 392 598 661
Income Tax Expense
1,225 1,256 1,156 1,196 448 519 -169 268 300 438 590
Net Income / (Loss) Discontinued Operations
-649 177 -408 -6.00 19 -7.00 -7.00 -144 -1,323 -1,455 10
Preferred Stock Dividends Declared
- - - 0.00 0.00 41 107 106 106 106 106
Net Income / (Loss) Attributable to Noncontrolling Interest
6.00 15 18 5.00 -22 -177 -295 -329 -95 33 90
Basic Earnings per Share
$2.66 $4.05 $3.11 $4.36 $3.76 - - $4.94 $4.74 $5.35 $5.70
Weighted Average Basic Shares Outstanding
707M 694M 691M 700M 708M 729M 737M 769M 770M 771M 772M
Diluted Earnings per Share
$2.66 $4.05 $3.11 $4.36 $3.76 - - $4.94 ($1.57) ($1.81) $0.01
Weighted Average Diluted Shares Outstanding
707M 694M 691M 700M 708M 729M 737M 769M 770M 771M 772M
Basic & Diluted Earnings per Share
- - - $4.36 $3.76 - - - $3.17 $3.54 $5.71
Weighted Average Basic & Diluted Shares Outstanding
707.90M 695.30M 692M 700M 708M 729M 737M 769M 770M 860.47M 866.12M
Cash Dividends to Common per Share
- $3.24 $3.36 $3.49 $3.64 $3.75 $3.82 $3.90 $3.98 $4.06 $4.14

Quarterly Income Statements for Duke Energy

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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
-650 765 -234 1,213 991 1,099 886 1,226 1,191 1,365 971
Consolidated Net Income / (Loss)
-658 761 -204 1,321 996 1,151 921 1,315 1,227 1,404 1,007
Net Income / (Loss) Continuing Operations
635 970 751 1,473 1,135 1,154 931 1,290 1,229 1,404 1,008
Total Pre-Tax Income
638 1,125 870 1,515 1,257 1,332 1,071 1,453 1,338 1,597 1,127
Total Operating Income
1,194 1,674 1,430 2,111 1,855 1,963 1,707 2,144 2,112 2,343 1,830
Total Gross Profit
3,062 3,291 2,732 3,938 3,795 3,338 3,153 3,648 4,671 3,849 3,402
Total Revenue
7,351 7,276 6,578 7,994 7,212 7,671 7,172 8,154 7,360 8,249 7,508
Operating Revenue
7,351 7,276 6,578 7,994 7,212 7,671 7,172 8,154 7,360 8,249 7,508
Total Cost of Revenue
4,289 3,985 3,846 4,056 3,417 4,333 4,019 4,506 2,689 4,400 4,106
Operating Cost of Revenue
4,289 3,985 3,493 4,056 3,770 3,947 3,626 4,123 3,465 3,972 3,691
Other Cost of Revenue
- - 353 - - 386 393 383 - 428 415
Total Operating Expenses
1,868 1,617 1,302 1,827 1,940 1,375 1,446 1,504 2,559 1,506 1,572
Depreciation Expense
1,293 1,227 1,333 1,353 1,340 1,387 1,409 1,516 1,481 1,512 1,583
Impairment Charge
232 8.00 0.00 88 -11 - 43 -5.00 -1.00 - 3.00
Other Special Charges / (Income)
-5.00 -7.00 -31 -8.00 -6.00 -12 -6.00 -7.00 -1.00 -6.00 -14
Total Other Income / (Expense), net
-556 -549 -560 -596 -598 -631 -636 -691 -774 -746 -703
Interest Expense
679 720 727 774 793 817 824 872 871 889 897
Interest & Investment Income
21 20 20 45 28 17 21 15 -62 11 11
Other Income / (Expense), net
102 151 147 133 167 169 167 166 159 132 183
Income Tax Expense
3.00 155 119 42 122 178 140 163 109 193 119
Net Income / (Loss) Discontinued Operations
-1,293 -209 -955 -152 -139 -3.00 -10 25 -2.00 0.00 -1.00
Preferred Stock Dividends Declared
14 39 14 39 14 39 14 55 -2.00 14 13
Net Income / (Loss) Attributable to Noncontrolling Interest
-22 -43 16 69 -9.00 13 21 34 22 25 23
Basic Earnings per Share
$0.76 $1.01 ($0.32) $1.59 $3.07 $1.44 $1.13 $1.60 $1.53 $1.76 $1.25
Weighted Average Basic Shares Outstanding
770M 770M 771M 771M 771M 771M 772M 772M 772M 777M 777M
Diluted Earnings per Share
($4.54) $1.01 ($0.32) $1.59 ($4.09) $1.44 $1.13 $1.60 ($4.16) $1.76 $1.25
Weighted Average Diluted Shares Outstanding
770M 770M 771M 771M 771M 771M 772M 773M 772M 777M 777M
Weighted Average Basic & Diluted Shares Outstanding
770M 770.65M 860.37M 860.38M 860.47M 861.43M 861.86M 862.15M 866.12M 866.92M 867.29M
Cash Dividends to Common per Share
- - - $1.03 - $1.03 $1.03 $1.05 - $1.05 $1.05

Annual Cash Flow Statements for Duke Energy

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
-13 -95 42 0.00 86 -18 -17 -36 83 -246 64
Net Cash From Operating Activities
6,586 6,685 6,845 6,624 7,186 8,209 8,856 8,290 5,927 9,878 12,328
Net Cash From Continuing Operating Activities
8,539 6,685 6,845 6,619 7,186 8,209 8,856 8,303 5,949 9,945 12,416
Net Income / (Loss) Continuing Operations
3,772 2,816 2,152 3,059 2,644 3,571 1,082 3,579 2,455 2,874 4,614
Consolidated Net Income / (Loss)
3,772 2,816 2,152 3,059 2,644 3,571 1,082 3,579 2,455 2,874 4,614
Depreciation Expense
3,507 3,613 3,880 4,046 4,696 5,176 5,486 5,663 5,843 6,084 6,419
Non-Cash Adjustments To Reconcile Net Income
642 -403 -83 -670 -27 -422 2,829 -262 1,157 737 205
Changes in Operating Assets and Liabilities, net
618 659 896 184 -127 -116 -541 -677 -3,506 250 1,178
Net Cash From Investing Activities
-5,373 -5,277 -11,528 -8,442 -10,060 -11,957 -10,604 -10,935 -11,973 -12,475 -13,123
Net Cash From Continuing Investing Activities
-5,675 -5,277 -11,528 -8,442 -10,060 -11,957 -10,604 -10,935 -11,973 -12,475 -13,123
Purchase of Property, Plant & Equipment
-5,384 -6,766 -7,901 -8,052 -9,389 -11,122 -9,907 -9,715 -11,367 -12,604 -12,280
Purchase of Investments
-4,200 -4,037 -5,153 -4,071 -3,762 -3,672 -8,381 -6,179 -4,301 -3,795 -5,711
Sale of Property, Plant & Equipment
179 2,968 1,418 - - - - 0.00 83 149 49
Divestitures
- 0.00 0.00 - - - - 0.00 0.00 734 0.00
Sale and/or Maturity of Investments
4,133 4,043 5,237 4,379 3,884 3,354 7,949 6,103 4,339 3,824 5,803
Other Investing Activities, net
-349 112 -44 -284 -377 -517 -265 -1,144 -727 -783 -984
Net Cash From Financing Activities
-678 -2,602 4,251 1,782 2,960 3,730 1,731 2,609 6,129 2,351 859
Net Cash From Continuing Financing Activities
-2,470 -2,602 4,251 1,209 2,960 3,730 1,731 2,609 6,129 2,351 859
Repayment of Debt
-3,963 -3,996 -4,105 -2,997 -3,200 -4,253 -7,967 -5,147 -4,733 -5,205 -4,841
Repurchase of Preferred Equity
0.00 - - - - - - - 0.00 0.00 -1,000
Payment of Dividends
-3,698 -2,254 -2,332 -3,023 -2,471 -2,668 -2,812 -3,114 -3,179 -3,244 -3,213
Issuance of Debt
5,166 5,131 9,957 7,229 6,752 7,488 9,339 9,384 12,655 10,638 9,513
Issuance of Common Equity
25 17 731 0.00 1,879 1,227 3,171 1,580 1,386 286 452
Other Financing Activities, net
0.00 0.00 0.00 0.00 - -26 0.00 -94 - -124 -52
Cash Interest Paid
1,659 1,607 1,794 1,963 2,086 2,195 2,186 2,248 2,361 2,883 3,284
Cash Income Taxes Paid
158 170 229 4.00 -266 -651 -585 -3.00 -6.00 1.00 -400

Quarterly Cash Flow Statements for Duke Energy

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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents
-26 21 -57 7.00 -217 161 -35 -36 -26 115 -94
Net Cash From Operating Activities
739 1,483 2,302 3,524 2,569 2,474 2,953 3,524 3,377 2,177 2,863
Net Cash From Continuing Operating Activities
761 1,490 2,325 3,544 2,586 2,474 2,917 3,636 3,379 2,177 2,860
Net Income / (Loss) Continuing Operations
-658 761 -204 1,321 996 1,151 921 1,315 1,227 1,404 1,007
Consolidated Net Income / (Loss)
-658 761 -204 1,321 996 1,151 921 1,315 1,227 1,404 1,007
Depreciation Expense
1,429 1,344 1,572 1,622 1,546 1,534 1,566 1,692 1,627 1,691 1,968
Non-Cash Adjustments To Reconcile Net Income
1,515 102 836 -62 -139 -60 -101 -126 485 7.00 178
Changes in Operating Assets and Liabilities, net
-1,525 -717 121 663 183 -151 531 755 40 -925 -293
Net Cash From Investing Activities
-3,343 -3,209 -3,299 -3,243 -2,724 -3,342 -3,233 -3,276 -3,272 -3,300 -2,964
Net Cash From Continuing Investing Activities
-3,343 -3,209 -3,299 -3,243 -2,724 -3,342 -3,233 -3,276 -3,272 -3,300 -2,964
Purchase of Property, Plant & Equipment
-3,219 -3,146 -3,119 -3,045 -3,294 -3,208 -2,996 -2,987 -3,089 -3,148 -3,280
Purchase of Investments
-645 -872 -744 -1,225 -954 -953 -1,330 -1,105 -2,323 -1,966 -1,480
Sale and/or Maturity of Investments
648 882 746 1,220 976 985 1,334 1,131 2,353 2,051 1,484
Other Investing Activities, net
-210 -149 -217 -212 -205 -166 -242 -315 -261 -237 -247
Net Cash From Financing Activities
2,578 1,747 940 -274 -62 1,029 245 -284 -131 1,238 7.00
Net Cash From Continuing Financing Activities
2,578 1,747 940 -274 -62 1,029 245 -284 -131 1,238 7.00
Repayment of Debt
-1,119 -1,647 -1,367 -1,597 -594 -1,877 -2,092 69 -941 -2,051 231
Payment of Dividends
-790 -815 -791 -832 -806 -806 -784 -821 -802 -803 -807
Issuance of Debt
3,109 4,087 3,067 2,125 1,359 3,775 3,099 1,438 1,201 4,096 567
Issuance of Common Equity
1,254 206 42 30 8.00 4.00 63 6.00 379 7.00 7.00
Other Financing Activities, net
- -84 -11 - -29 -67 -41 24 32 -11 9.00

Annual Balance Sheets for Duke Energy

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
6,285 3,658 1,137 41,895 145,392 158,838 162,388 6,927 178,086 176,893 186,343
Total Current Assets
680 746 0.00 0.00 9,714 9,163 8,682 232 13,222 12,769 12,950
Cash & Equivalents
- - - - 442 311 259 - 409 253 314
Accounts Receivable
- - - - 3,134 3,060 3,153 - 4,415 4,131 4,121
Inventories, net
- - - - 3,084 3,232 3,167 - 3,584 4,292 4,509
Prepaid Expenses
- - - - 1,049 764 462 - 973 431 695
Other Current Assets
- - - - 2,005 1,796 1,641 - 3,485 3,648 2,756
Other Current Nonoperating Assets
680 746 - - - - - 232 356 14 4.00
Plant, Property, & Equipment, net
0.00 0.00 0.00 0.00 91,694 102,127 106,782 0.00 111,748 115,315 123,303
Plant, Property & Equipment, gross
- - - - 134,820 147,900 155,609 - 163,839 171,353 180,806
Accumulated Depreciation
- - - - 43,126 45,773 48,827 - 52,100 56,038 57,503
Total Noncurrent Assets
5,605 2,912 1,137 41,895 43,984 47,548 46,924 6,695 53,116 48,809 50,090
Long-Term Investments
358 499 1,137 - 1,409 1,936 961 - 455 492 353
Goodwill
- - - 19,396 19,303 19,303 19,303 - 19,303 19,303 19,303
Other Noncurrent Operating Assets
- - - 22,499 23,272 26,309 26,660 - 27,724 28,817 30,345
Other Noncurrent Nonoperating Assets
5,247 2,413 - - - - - 6,695 5,634 197 89
Total Liabilities & Shareholders' Equity
56,121 54,998 52,342 40,953 145,392 158,838 162,388 50,294 178,086 176,893 186,343
Total Liabilities
3,091 4,812 2,817 2,163 101,558 110,887 113,204 4,083 126,233 126,706 135,087
Total Current Liabilities
3,022 3,912 2,817 2,163 15,041 14,752 16,305 3,471 18,873 17,283 19,357
Short-Term Debt
2,514 3,633 2,817 2,163 6,816 6,276 7,111 3,304 7,830 7,088 7,933
Accounts Payable
- - - - 3,487 3,487 3,144 - 4,754 4,228 5,479
Current Deferred & Payable Income Tax Liabilities
- - - - 577 392 482 - 722 816 851
Other Current Liabilities
- - - - 3,602 4,032 5,031 - 4,406 4,284 4,159
Other Current Nonoperating Liabilities
508 279 - - 559 565 537 167 1,161 867 935
Total Noncurrent Liabilities
69 900 0.00 0.00 86,517 96,135 96,899 612 107,360 109,423 115,730
Long-Term Debt
- - - - 51,123 54,985 55,625 - 65,873 72,452 76,340
Asset Retirement Reserve & Litigation Obligation
- - - - 24,382 27,701 27,315 - 25,537 22,599 24,036
Noncurrent Deferred Revenue
- - - - 1,650 1,581 1,719 - 1,502 1,393 1,556
Noncurrent Deferred & Payable Income Tax Liabilities
- - - - 8,374 9,502 9,931 - 10,813 11,420 12,318
Noncurrent Employee Benefit Liabilities
- - - - 988 934 969 - 832 485 434
Other Noncurrent Operating Liabilities
- - - - - 1,432 - - 876 917 957
Other Noncurrent Nonoperating Liabilities
69 900 - - - - - 612 1,927 157 89
Commitments & Contingencies
- - - - 0.00 0.00 0.00 - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
53,030 50,186 49,525 38,790 43,834 47,951 49,184 46,211 51,853 50,187 51,256
Total Preferred & Common Equity
53,038 50,164 49,530 38,792 43,817 46,822 47,964 44,371 49,322 49,112 50,127
Preferred Stock
- - - - 0.00 1,962 1,962 - 1,962 1,962 973
Total Common Equity
53,038 50,164 49,530 38,792 43,817 44,860 46,002 44,371 47,360 47,150 49,154
Common Stock
53,038 50,164 49,530 38,792 40,796 40,882 43,768 44,371 44,863 44,921 45,495
Retained Earnings
- - - - 3,113 4,108 2,471 - 2,637 2,235 3,431
Accumulated Other Comprehensive Income / (Loss)
- - - - -92 -130 -237 - -140 -6.00 228
Noncontrolling Interest
-8.00 22 -5.00 -2.00 17 1,129 1,220 1,840 2,531 1,075 1,129

Quarterly Balance Sheets for Duke Energy

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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Total Assets
178,086 52,467 180,076 181,160 176,893 178,670 181,575 183,566 186,343 187,476 189,713
Total Current Assets
13,222 374 13,088 13,048 12,769 12,091 12,557 12,142 12,950 12,775 12,148
Cash & Equivalents
409 - 174 324 253 459 390 376 314 475 344
Accounts Receivable
4,415 - 4,031 4,075 4,131 3,899 4,136 4,132 4,121 4,006 4,100
Inventories, net
3,584 - 4,100 4,118 4,292 4,281 4,390 4,338 4,509 4,418 4,434
Prepaid Expenses
973 - 633 602 431 359 436 447 695 780 1,001
Other Current Assets
3,485 - 3,760 3,489 3,648 3,082 2,663 2,300 2,756 2,538 2,269
Other Current Nonoperating Assets
356 374 390 440 14 11 4.00 4.00 4.00 0.00 0.00
Plant, Property, & Equipment, net
111,748 0.00 114,480 115,947 115,315 116,891 120,100 121,396 123,303 124,874 126,648
Plant, Property & Equipment, gross
163,839 - 168,506 170,941 171,353 173,926 177,974 179,542 180,806 183,546 186,261
Accumulated Depreciation
52,100 - 54,030 54,994 56,038 57,035 57,874 58,146 57,503 58,672 59,613
Total Noncurrent Assets
53,116 52,093 52,508 52,165 48,809 49,688 48,918 50,028 50,090 49,827 50,917
Long-Term Investments
455 - 479 505 492 502 483 477 353 357 332
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
27,724 27,252 28,165 27,761 28,817 29,575 29,054 30,167 30,345 30,167 31,282
Other Noncurrent Nonoperating Assets
5,634 5,538 4,561 4,596 197 308 78 81 89 0.00 0.00
Total Liabilities & Shareholders' Equity
178,086 53,666 180,076 181,160 176,893 178,670 181,575 183,566 186,343 187,476 189,713
Total Liabilities
126,233 6,138 129,005 129,334 126,706 128,032 130,769 133,317 135,087 135,682 137,683
Total Current Liabilities
18,873 4,207 17,375 17,160 17,283 15,546 15,482 17,427 19,357 16,625 18,408
Short-Term Debt
7,830 3,731 8,064 7,188 7,088 6,429 6,010 7,544 7,933 6,748 8,519
Accounts Payable
4,754 - 3,225 3,539 4,228 3,364 3,777 3,953 5,479 4,442 4,373
Current Deferred & Payable Income Tax Liabilities
722 - 708 991 816 708 748 1,016 851 794 837
Other Current Liabilities
4,406 - 4,089 4,103 4,284 3,996 4,076 4,028 4,159 3,802 3,780
Other Current Nonoperating Liabilities
1,161 476 1,289 1,339 867 1,049 871 886 935 839 899
Total Noncurrent Liabilities
107,360 1,931 111,630 112,174 109,423 112,486 115,287 115,890 115,730 119,057 119,275
Long-Term Debt
65,873 - 69,914 71,353 72,452 74,979 76,439 76,524 76,340 79,700 78,914
Asset Retirement Reserve & Litigation Obligation
25,537 - 25,935 25,009 22,599 23,058 24,275 24,437 24,036 23,816 24,363
Noncurrent Deferred Revenue
1,502 - 1,353 1,325 1,393 1,352 1,466 1,731 1,556 1,585 1,696
Noncurrent Deferred & Payable Income Tax Liabilities
10,813 - 11,059 11,294 11,420 11,583 11,633 11,725 12,318 12,497 12,872
Noncurrent Employee Benefit Liabilities
832 - 808 662 485 473 437 432 434 426 410
Other Noncurrent Operating Liabilities
876 - 841 897 917 915 925 956 957 1,033 1,020
Other Noncurrent Nonoperating Liabilities
1,927 1,931 1,720 1,634 157 126 112 85 89 0.00 0.00
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
51,853 47,528 51,071 51,826 50,187 50,638 50,806 50,249 51,256 51,794 52,030
Total Preferred & Common Equity
49,322 44,837 48,333 49,006 49,112 49,551 49,707 49,133 50,127 50,670 50,891
Preferred Stock
1,962 - 1,962 1,962 1,962 1,962 1,962 973 973 973 973
Total Common Equity
47,360 44,837 46,371 47,044 47,150 47,589 47,745 48,160 49,154 49,697 49,918
Common Stock
44,863 44,837 44,867 44,887 44,921 44,938 45,008 45,061 45,495 45,517 45,574
Retained Earnings
2,637 - 1,615 2,036 2,235 2,542 2,635 3,052 3,431 3,986 4,141
Accumulated Other Comprehensive Income / (Loss)
-140 - -111 121 -6.00 109 102 47 228 194 203
Noncontrolling Interest
2,531 2,691 2,738 2,820 1,075 1,087 1,099 1,116 1,129 1,124 1,139

Annual Metrics And Ratios for Duke Energy

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

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-59.37% -0.61% 1.66% 3.61% 4.06% 2.28% -6.83% 5.37% 16.84% 1.02% 4.46%
EBITDA Growth
-85.11% 3.60% 6.28% 6.64% -3.92% 15.70% -7.13% 12.29% 3.80% 12.29% 9.12%
EBIT Growth
-90.62% 3.99% 5.53% 8.26% -17.10% 20.75% -18.20% 22.18% 4.37% 19.74% 11.98%
NOPAT Growth
-93.93% 5.54% 4.20% 12.71% -1.14% 24.58% 8.52% -5.18% 8.56% 15.27% 9.43%
Net Income Growth
-96.41% 49.87% -23.35% 41.20% -13.71% 35.06% -69.70% 230.78% -31.41% 17.07% 60.54%
EPS Growth
-29.26% 52.26% -23.21% 40.19% -13.76% 0.00% 0.00% 0.00% -131.78% -15.29% 100.55%
Operating Cash Flow Growth
3.20% 1.50% 2.39% -3.23% 8.48% 14.24% 7.88% -6.39% -28.50% 66.66% 24.80%
Free Cash Flow Firm Growth
314.49% -96.77% 4.20% -1,153.79% -44.22% 96.22% 117.63% 32,266.36% -198.74% 98.64% 199.63%
Invested Capital Growth
-100.00% 0.00% 0.00% 0.00% 139.84% 7.02% 4.69% -100.00% 0.00% 6.57% 4.20%
Revenue Q/Q Growth
-59.64% 0.41% 6.28% 32.51% -17.62% -0.05% -3.42% 2.02% 5.85% -0.48% 0.49%
EBITDA Q/Q Growth
-85.33% 2.78% 3.25% 27.94% -9.09% 3.51% -15.40% 37.44% -0.70% 6.53% 2.25%
EBIT Q/Q Growth
-90.71% 3.39% 3.66% 55.94% -18.72% 4.92% -28.21% 105.15% -0.64% 10.46% 2.99%
NOPAT Q/Q Growth
-93.97% 4.66% -30.14% 47.03% -26.83% 2.48% -22.65% 71.54% 0.97% 8.52% 3.86%
Net Income Q/Q Growth
-96.39% 15.60% -24.50% 289.82% -37.73% 4.48% -67.67% 184.73% -35.00% 135.57% 5.27%
EPS Q/Q Growth
1,085.19% 16.05% -25.06% 44.37% -8.29% 0.00% 0.00% 0.00% -140.15% -172.98% -99.82%
Operating Cash Flow Q/Q Growth
0.41% -1.91% -0.80% 6.63% -1.74% 14.71% -5.16% -11.02% -5.18% 22.74% 7.01%
Free Cash Flow Firm Q/Q Growth
313.30% -96.81% -30.14% 4.52% -1,109.18% 96.58% -90.42% 8,240.23% -3,164.02% -158.32% 263.28%
Invested Capital Q/Q Growth
-100.00% 0.00% 0.00% -1.17% 136.69% -0.03% 1.64% -100.00% -2.00% 1.82% 1.07%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
40.26% 41.52% 42.34% 45.15% 40.57% 46.09% 48.59% 48.57% 45.11% 47.34% 50.06%
EBITDA Margin
38.51% 40.15% 41.97% 43.20% 39.88% 45.12% 44.97% 47.92% 42.57% 47.32% 49.43%
Operating Margin
21.51% 22.70% 22.87% 23.87% 19.11% 22.76% 19.56% 22.34% 20.90% 24.33% 26.11%
EBIT Margin
22.93% 24.00% 24.91% 26.03% 20.73% 24.48% 21.49% 24.92% 22.26% 26.39% 28.29%
Profit (Net Income) Margin
8.39% 12.65% 9.54% 13.00% 10.78% 14.24% 4.63% 14.54% 8.53% 9.89% 15.20%
Tax Burden Percent
50.20% 72.40% 58.11% 71.82% 86.04% 87.16% 117.61% 89.68% 60.20% 60.29% 88.83%
Interest Burden Percent
72.90% 72.84% 65.91% 69.56% 60.44% 66.74% 18.32% 65.04% 63.68% 62.17% 60.49%
Effective Tax Rate
32.55% 32.12% 30.96% 28.04% 14.58% 12.67% -18.37% 6.72% 7.36% 9.19% 11.36%
Return on Invested Capital (ROIC)
6.31% 0.00% 0.00% 19.32% 5.62% 4.79% 4.92% 9.12% 9.15% 5.10% 5.30%
ROIC Less NNEP Spread (ROIC-NNEP)
-18.47% 0.00% 0.00% 23.56% 1.08% 2.36% -2.12% -8.95% -17.11% 0.36% 2.35%
Return on Net Nonoperating Assets (RNNOA)
-2.22% 0.00% 0.00% -12.39% 0.78% 2.99% -2.69% -1.61% -4.14% 0.53% 3.80%
Return on Equity (ROE)
4.09% 0.00% 0.00% 6.94% 6.40% 7.78% 2.23% 7.50% 5.01% 5.63% 9.10%
Cash Return on Invested Capital (CROIC)
206.31% 0.00% 0.00% -180.68% -76.68% -1.98% 0.33% 209.12% -190.85% -1.26% 1.19%
Operating Return on Assets (OROA)
9.36% 107.98% 236.29% 28.50% 5.43% 4.04% 3.13% 7.25% 6.92% 4.32% 4.73%
Return on Assets (ROA)
3.43% 56.94% 90.51% 14.24% 2.82% 2.35% 0.67% 4.23% 2.65% 1.62% 2.54%
Return on Common Equity (ROCE)
4.08% 0.00% 0.00% 6.94% 6.40% 7.52% 2.08% 7.11% 4.68% 5.22% 8.64%
Return on Equity Simple (ROE_SIMPLE)
3.56% 5.64% 4.38% 7.90% 6.03% 7.63% 2.26% 8.07% 4.98% 5.85% 9.20%
Net Operating Profit after Tax (NOPAT)
3,266 3,447 3,592 4,048 4,002 4,986 5,411 5,131 5,570 6,420 7,026
NOPAT Margin
14.51% 15.41% 15.79% 17.18% 16.32% 19.88% 23.16% 20.84% 19.36% 22.09% 23.14%
Net Nonoperating Expense Percent (NNEP)
24.78% -1.19% -2.85% -4.24% 4.55% 2.43% 7.04% 18.06% 26.26% 4.74% 2.95%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - - 4.44% 4.95% 5.18%
Cost of Revenue to Revenue
59.75% 58.48% 57.66% 54.85% 59.43% 53.91% 51.41% 51.43% 54.89% 52.66% 49.94%
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
18.85% 19.03% 19.47% 21.28% 21.46% 23.33% 29.03% 26.23% 24.21% 23.01% 23.95%
Earnings before Interest and Taxes (EBIT)
5,162 5,368 5,665 6,133 5,084 6,139 5,022 6,136 6,404 7,668 8,587
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
8,669 8,981 9,545 10,179 9,780 11,315 10,508 11,799 12,247 13,752 15,006
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.74 0.68 0.78 1.14 1.11 1.22 1.26 1.63 1.53 1.69 1.87
Price to Tangible Book Value (P/TBV)
0.74 0.68 0.78 2.29 1.98 2.14 2.17 1.63 2.58 2.85 3.08
Price to Revenue (P/Rev)
1.74 1.52 1.70 1.88 1.98 2.18 2.48 2.93 2.51 2.74 3.03
Price to Earnings (P/E)
20.84 12.10 17.98 14.52 18.22 14.78 45.62 18.98 29.59 29.06 20.91
Dividend Yield
5.68% 6.54% 5.98% 5.50% 5.33% 4.98% 4.85% 4.16% 4.24% 4.40% 3.88%
Earnings Yield
4.80% 8.26% 5.56% 6.89% 5.49% 6.77% 2.19% 5.27% 3.38% 3.44% 4.78%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 1.11 1.04 1.09 1.10 0.00 1.23 1.24 1.31
Enterprise Value to Revenue (EV/Rev)
1.84 1.66 1.77 1.98 4.27 4.66 5.31 3.14 5.20 5.55 5.86
Enterprise Value to EBITDA (EV/EBITDA)
4.77 4.15 4.23 4.57 10.70 10.33 11.80 6.55 12.22 11.73 11.84
Enterprise Value to EBIT (EV/EBIT)
8.02 6.94 7.13 7.59 20.59 19.04 24.69 12.60 23.37 21.04 20.70
Enterprise Value to NOPAT (EV/NOPAT)
12.67 10.80 11.24 11.50 26.16 23.44 22.91 15.06 26.87 25.12 25.30
Enterprise Value to Operating Cash Flow (EV/OCF)
6.28 5.57 5.90 7.03 14.57 14.24 14.00 9.32 25.25 16.33 14.42
Enterprise Value to Free Cash Flow (EV/FCFF)
0.39 10.80 11.24 0.00 0.00 0.00 340.91 0.66 0.00 0.00 112.59
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.05 0.07 0.06 0.06 1.32 1.28 1.30 0.07 1.42 1.58 1.64
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 1.17 1.15 1.16 0.00 1.27 1.44 1.49
Financial Leverage
0.12 -1.00 -1.00 -0.53 0.72 1.27 1.27 0.18 0.24 1.47 1.61
Leverage Ratio
1.19 0.10 0.05 0.49 2.27 3.31 3.31 1.77 1.89 3.48 3.58
Compound Leverage Factor
0.87 0.07 0.03 0.34 1.37 2.21 0.61 1.15 1.20 2.16 2.17
Debt to Total Capital
4.53% 6.75% 5.38% 5.28% 56.93% 56.09% 56.57% 6.67% 58.70% 61.31% 62.18%
Short-Term Debt to Total Capital
4.53% 6.75% 5.38% 5.28% 6.70% 5.75% 6.28% 6.67% 6.24% 5.46% 5.85%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 50.23% 50.35% 50.30% 0.00% 52.47% 55.85% 56.33%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 1.80% 1.73% 0.00% 1.56% 1.51% 0.72%
Noncontrolling Interests to Total Capital
-0.01% 0.04% -0.01% 0.00% 0.02% 1.03% 1.08% 3.72% 2.02% 0.83% 0.83%
Common Equity to Total Capital
95.49% 93.21% 94.63% 94.72% 43.05% 41.08% 40.62% 89.61% 37.72% 36.35% 36.27%
Debt to EBITDA
0.29 0.40 0.30 0.21 5.92 5.41 6.10 0.28 6.02 5.78 5.62
Net Debt to EBITDA
0.25 0.35 0.18 0.21 5.74 5.22 5.98 0.28 5.95 5.73 5.57
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 5.23 4.86 5.42 0.00 5.38 5.27 5.09
Debt to NOPAT
0.77 1.05 0.78 0.53 14.48 12.29 11.84 0.64 13.23 12.39 12.00
Net Debt to NOPAT
0.66 0.91 0.47 0.53 14.02 11.84 11.62 0.64 13.08 12.27 11.90
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 12.77 11.03 10.53 0.00 11.83 11.28 10.87
Altman Z-Score
13.46 14.17 41.71 13.30 0.56 0.58 0.52 16.52 0.61 0.67 0.71
Noncontrolling Interest Sharing Ratio
0.08% 0.01% 0.02% -0.01% 0.02% 3.39% 6.46% 5.26% 6.46% 7.38% 5.07%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.23 0.19 0.00 0.00 0.65 0.62 0.53 0.07 0.70 0.74 0.67
Quick Ratio
0.00 0.00 0.00 0.00 0.24 0.23 0.21 0.00 0.26 0.25 0.23
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
106,851 3,447 3,592 -37,847 -54,584 -2,063 364 117,708 -116,220 -1,585 1,579
Operating Cash Flow to CapEx
126.53% 176.01% 105.58% 82.27% 76.54% 73.81% 89.39% 85.33% 52.53% 79.31% 100.79%
Free Cash Flow to Firm to Interest Expense
69.88 2.26 1.87 -19.06 -26.07 -0.94 0.17 53.33 -47.65 -0.53 0.47
Operating Cash Flow to Interest Expense
4.31 4.38 3.57 3.34 3.43 3.72 4.22 3.76 2.43 3.28 3.64
Operating Cash Flow Less CapEx to Interest Expense
0.90 1.89 0.19 -0.72 -1.05 -1.32 -0.50 -0.65 -2.20 -0.86 0.03
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.41 4.50 9.49 1.10 0.26 0.16 0.15 0.29 0.31 0.16 0.17
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 8.10 7.52 0.00 0.00 6.80 7.36
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 4.28 3.75 0.00 0.00 3.89 3.45
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.00 0.26 0.22 0.00 0.00 0.26 0.25
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 3.88 3.62 0.00 0.00 3.41 3.12
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 45.07 48.53 0.00 0.00 53.67 49.61
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 85.26 97.21 0.00 0.00 93.92 105.95
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 94.15 100.74 0.00 0.00 107.11 116.86
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 0.00 36.19 45.00 0.00 0.00 40.48 38.70
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
0.00 0.00 0.00 41,895 100,481 107,530 112,577 0.00 121,790 129,795 135,242
Invested Capital Turnover
0.43 0.00 0.00 1.13 0.34 0.24 0.21 0.44 0.47 0.23 0.23
Increase / (Decrease) in Invested Capital
-103,585 0.00 0.00 41,895 58,586 7,049 5,047 -112,577 121,790 8,005 5,447
Enterprise Value (EV)
41,390 37,232 40,364 46,563 104,678 116,888 123,981 77,291 149,645 161,312 177,744
Market Capitalization
39,242 34,076 38,689 44,402 48,573 54,783 57,943 72,147 72,313 79,480 92,036
Book Value per Share
$74.99 $72.88 $71.89 $55.42 $61.47 $61.53 $62.51 $57.67 $61.50 $54.80 $57.01
Tangible Book Value per Share
$74.99 $72.88 $71.89 $27.71 $34.39 $35.06 $36.28 $57.67 $36.43 $32.37 $34.62
Total Capital
55,544 53,819 52,342 40,953 101,773 109,212 113,260 49,515 125,556 129,727 135,529
Total Debt
2,514 3,633 2,817 2,163 57,939 61,261 64,076 3,304 73,703 79,540 84,273
Total Long-Term Debt
0.00 0.00 0.00 0.00 51,123 54,985 56,965 0.00 65,873 72,452 76,340
Net Debt
2,156 3,134 1,680 2,163 56,088 59,014 62,856 3,304 72,839 78,795 83,606
Capital Expenditures (CapEx)
5,205 3,798 6,483 8,052 9,389 11,122 9,907 9,715 11,284 12,455 12,231
Debt-free, Cash-free Net Working Capital (DFCFNWC)
172 467 0.00 0.00 1,047 376 -771 65 1,770 2,321 1,212
Debt-free Net Working Capital (DFNWC)
172 467 0.00 0.00 1,489 687 -512 65 2,179 2,574 1,526
Net Working Capital (NWC)
-2,342 -3,166 -2,817 -2,163 -5,327 -5,589 -7,623 -3,239 -5,651 -4,514 -6,407
Net Nonoperating Expense (NNE)
1,377 616 1,422 984 1,358 1,415 4,329 1,552 3,115 3,546 2,412
Net Nonoperating Obligations (NNO)
-53,030 -50,186 -49,525 3,105 56,647 59,579 63,393 -46,211 69,937 79,608 83,986
Total Depreciation and Amortization (D&A)
3,507 3,613 3,880 4,046 4,696 5,176 5,486 5,663 5,843 6,084 6,419
Debt-free, Cash-free Net Working Capital to Revenue
0.76% 2.09% 0.00% 0.00% 4.27% 1.50% -3.30% 0.26% 6.15% 7.99% 3.99%
Debt-free Net Working Capital to Revenue
0.76% 2.09% 0.00% 0.00% 6.07% 2.74% -2.19% 0.26% 7.57% 8.86% 5.03%
Net Working Capital to Revenue
-10.40% -14.15% -12.39% -9.18% -21.72% -22.29% -32.62% -13.16% -19.64% -15.53% -21.11%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$2.66 $4.05 $3.11 $0.00 $3.76 $5.07 $1.72 $4.94 $0.00 $3.54 $5.70
Adjusted Weighted Average Basic Shares Outstanding
707M 694M 691M 0.00 708M 733.32M 737M 769M 770M 771M 772M
Adjusted Diluted Earnings per Share
$2.66 $4.05 $3.11 $0.00 $3.76 $5.07 $1.72 $4.94 $0.00 $3.54 $0.01
Adjusted Weighted Average Diluted Shares Outstanding
707M 694M 691M 0.00 708M 733.32M 738M 769M 770M 771M 772M
Adjusted Basic & Diluted Earnings per Share
$2.66 $0.00 $0.00 $0.00 $0.00 $5.07 $1.72 $0.00 $0.00 $0.00 $5.71
Adjusted Weighted Average Basic & Diluted Shares Outstanding
707.54M 688.38M 699.61M 0.00 727.01M 729M 768.66M 769M 770M 860.47M 866.12M
Normalized Net Operating Profit after Tax (NOPAT)
3,314 3,498 3,585 4,231 4,421 4,982 3,877 5,449 5,951 6,450 7,036
Normalized NOPAT Margin
14.72% 15.64% 15.76% 17.95% 18.03% 19.87% 16.59% 22.13% 20.69% 22.20% 23.18%
Pre Tax Income Margin
16.72% 17.48% 16.42% 18.10% 12.53% 16.34% 3.94% 16.21% 14.18% 16.40% 17.11%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
3.38 3.52 2.96 3.09 2.43 2.79 2.39 2.78 2.63 2.54 2.54
NOPAT to Interest Expense
2.14 2.26 1.87 2.04 1.91 2.26 2.58 2.32 2.28 2.13 2.08
EBIT Less CapEx to Interest Expense
-0.03 1.03 -0.43 -0.97 -2.06 -2.26 -2.33 -1.62 -2.00 -1.59 -1.08
NOPAT Less CapEx to Interest Expense
-1.27 -0.23 -1.51 -2.02 -2.57 -2.78 -2.14 -2.08 -2.34 -2.00 -1.54
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
195.77% 79.62% 107.47% 98.66% 93.46% 74.71% 259.89% 87.01% 129.49% 112.87% 69.64%
Augmented Payout Ratio
195.77% 132.60% 107.47% 98.66% 93.46% 74.71% 259.89% 87.01% 129.49% 112.87% 69.64%

Quarterly Metrics And Ratios for Duke Energy

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

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
27.58% 3.78% 0.21% 1.94% -1.89% 5.43% 9.03% 2.00% 2.05% 7.53% 4.68%
EBITDA Growth
-3.06% 9.92% 4.79% 6.38% 30.94% 15.68% 9.24% 3.52% 9.25% 13.64% 15.73%
EBIT Growth
-3.07% 30.08% 0.96% 4.71% 56.02% 16.82% 18.83% 2.94% 12.31% 16.09% 7.42%
NOPAT Growth
6.67% 13.13% -3.93% 11.02% 40.94% 17.83% 20.21% -7.26% 15.82% 21.12% 10.30%
Net Income Growth
-199.10% -7.20% -123.18% -6.51% 251.37% 51.25% 551.47% -0.45% 23.19% 21.98% 9.34%
EPS Growth
-582.98% 4,950.00% -128.07% -12.15% 9.91% 42.57% 453.13% 0.63% -1.71% 22.22% 10.62%
Operating Cash Flow Growth
-30.48% -17.38% 2.77% 205.64% 247.63% 66.82% 28.28% 0.00% 31.45% -12.00% -3.05%
Free Cash Flow Firm Growth
-206.08% 2,284.35% 16.93% 84.14% 94.75% -212.74% -11.80% -286.08% 44.60% 95.59% -10.34%
Invested Capital Growth
0.00% -60.99% 4.58% 2.57% 6.57% 183.41% 4.97% 4.97% 4.20% 4.36% 5.23%
Revenue Q/Q Growth
-6.26% -1.02% -9.59% 21.53% -9.78% 6.36% -6.51% 13.69% -9.74% 12.08% -8.98%
EBITDA Q/Q Growth
-25.01% 16.29% -0.63% 22.77% -7.71% 2.75% -6.16% 16.34% -2.60% 6.88% -4.44%
EBIT Q/Q Growth
-39.52% 40.82% -13.59% 42.30% -9.89% 5.44% -12.10% 23.27% -1.69% 8.98% -18.67%
NOPAT Q/Q Growth
-35.72% 21.46% -14.48% 66.27% -18.39% 1.54% -12.75% 28.28% 1.92% 6.18% -20.54%
Net Income Q/Q Growth
-146.57% 215.65% -126.81% 747.55% -24.60% 15.56% -19.98% 42.78% -6.69% 14.43% -28.28%
EPS Q/Q Growth
-350.83% 405.00% -131.68% 596.88% -357.23% 14.29% -21.53% 41.59% -360.00% 142.31% -28.98%
Operating Cash Flow Q/Q Growth
-35.91% 100.68% 55.23% 53.08% -27.10% -3.70% 19.36% 19.34% -4.17% -35.53% 31.51%
Free Cash Flow Firm Q/Q Growth
-1,568.49% 161.55% -105.79% 73.33% -452.11% -1,222.03% 94.26% 7.92% 20.77% -5.22% -43.74%
Invested Capital Q/Q Growth
-2.00% -61.77% 171.62% 0.81% 1.82% 1.65% 0.61% 0.80% 1.07% 1.81% 1.45%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
41.65% 45.23% 41.53% 49.26% 52.62% 48.56% 43.96% 44.74% 63.46% 46.66% 45.31%
EBITDA Margin
37.07% 43.55% 47.87% 48.36% 49.47% 47.79% 47.96% 49.08% 52.96% 50.50% 53.02%
Operating Margin
16.24% 23.01% 21.74% 26.41% 25.72% 25.59% 23.80% 26.29% 28.70% 28.40% 24.37%
EBIT Margin
17.63% 25.08% 23.97% 28.07% 28.04% 27.79% 26.13% 28.33% 30.86% 30.00% 26.81%
Profit (Net Income) Margin
-8.95% 10.46% -3.10% 16.52% 13.81% 15.00% 12.84% 16.13% 16.67% 17.02% 13.41%
Tax Burden Percent
-103.13% 67.64% -23.45% 87.19% 79.24% 86.41% 85.99% 90.50% 91.70% 87.91% 89.35%
Interest Burden Percent
49.23% 61.64% 55.17% 67.51% 62.17% 62.48% 57.15% 62.90% 58.92% 64.53% 55.99%
Effective Tax Rate
0.47% 13.78% 13.68% 2.77% 9.71% 13.36% 13.07% 11.22% 8.15% 12.09% 10.56%
Return on Invested Capital (ROIC)
7.64% 6.94% 4.41% 5.96% 5.37% 7.32% 4.80% 5.40% 6.04% 5.73% 5.00%
ROIC Less NNEP Spread (ROIC-NNEP)
-7.93% 4.91% 2.42% 4.97% 4.46% 5.95% 4.08% 4.66% 5.17% 4.95% 4.26%
Return on Net Nonoperating Assets (RNNOA)
-1.92% 3.34% 3.41% 7.06% 6.53% 4.87% 6.30% 7.27% 8.33% 8.07% 7.03%
Return on Equity (ROE)
5.72% 10.28% 7.82% 13.01% 11.90% 12.18% 11.10% 12.66% 14.37% 13.80% 12.03%
Cash Return on Invested Capital (CROIC)
-190.85% 94.67% 0.13% 2.16% -1.26% -88.19% 0.49% 0.33% 1.19% 1.21% 0.44%
Operating Return on Assets (OROA)
5.48% 6.51% 3.95% 4.59% 4.59% 7.08% 4.34% 4.69% 5.16% 5.07% 4.52%
Return on Assets (ROA)
-2.78% 2.72% -0.51% 2.70% 2.26% 3.82% 2.13% 2.67% 2.79% 2.88% 2.26%
Return on Common Equity (ROCE)
5.35% 9.61% 7.17% 11.94% 11.02% 11.47% 10.25% 11.81% 13.64% 13.11% 11.43%
Return on Equity Simple (ROE_SIMPLE)
0.00% 5.34% 2.71% 2.49% 0.00% 6.59% 8.83% 8.92% 0.00% 9.61% 0.00%
Net Operating Profit after Tax (NOPAT)
1,188 1,443 1,234 2,052 1,675 1,701 1,484 1,903 1,940 2,060 1,637
NOPAT Margin
16.17% 19.84% 18.77% 25.68% 23.22% 22.17% 20.69% 23.34% 26.36% 24.97% 21.80%
Net Nonoperating Expense Percent (NNEP)
15.56% 2.03% 1.99% 0.99% 0.91% 1.37% 0.72% 0.74% 0.87% 0.78% 0.74%
Return On Investment Capital (ROIC_SIMPLE)
0.95% - - - 1.29% - - - 1.43% 1.49% 1.17%
Cost of Revenue to Revenue
58.35% 54.77% 58.47% 50.74% 47.38% 51.44% 56.04% 55.26% 36.54% 53.34% 54.69%
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
25.41% 22.22% 19.79% 22.85% 26.90% 22.97% 20.16% 18.44% 34.77% 18.26% 20.94%
Earnings before Interest and Taxes (EBIT)
1,296 1,825 1,577 2,244 2,022 2,132 1,874 2,310 2,271 2,475 2,013
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
2,725 3,169 3,149 3,866 3,568 3,666 3,440 4,002 3,898 4,166 3,981
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.53 1.56 1.41 1.55 1.69 1.72 1.79 2.06 1.87 2.13 2.05
Price to Tangible Book Value (P/TBV)
2.58 2.73 2.42 2.62 2.85 2.89 3.01 3.44 3.08 3.48 3.34
Price to Revenue (P/Rev)
2.51 2.40 2.26 2.49 2.74 2.77 2.85 3.29 3.03 3.41 3.27
Price to Earnings (P/E)
29.59 29.16 51.88 66.55 29.06 26.60 20.42 23.65 20.91 22.63 21.52
Dividend Yield
4.24% 4.42% 4.72% 4.77% 4.40% 4.30% 4.13% 3.57% 3.88% 3.41% 3.54%
Earnings Yield
3.38% 3.43% 1.93% 1.50% 3.44% 3.76% 4.90% 4.23% 4.78% 4.42% 4.65%
Enterprise Value to Invested Capital (EV/IC)
1.23 1.64 1.17 1.22 1.24 1.25 1.28 1.38 1.31 1.40 1.37
Enterprise Value to Revenue (EV/Rev)
5.20 2.62 5.08 5.32 5.55 5.61 5.66 6.11 5.86 6.25 6.11
Enterprise Value to EBITDA (EV/EBITDA)
12.22 6.08 11.64 12.03 11.73 11.59 11.70 12.58 11.84 12.47 11.91
Enterprise Value to EBIT (EV/EBIT)
23.37 11.15 21.58 22.37 21.04 20.70 20.57 22.15 20.70 21.65 21.08
Enterprise Value to NOPAT (EV/NOPAT)
26.87 13.26 25.91 26.25 25.12 24.73 24.58 27.30 25.30 26.18 25.37
Enterprise Value to Operating Cash Flow (EV/OCF)
25.25 13.56 26.00 19.30 16.33 15.19 14.77 16.03 14.42 16.07 16.01
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.97 910.72 57.16 0.00 0.00 268.52 424.98 112.59 118.22 321.06
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.42 0.08 1.53 1.52 1.58 1.61 1.62 1.67 1.64 1.67 1.68
Long-Term Debt to Equity
1.27 0.00 1.37 1.38 1.44 1.48 1.50 1.52 1.49 1.54 1.52
Financial Leverage
0.24 0.68 1.41 1.42 1.47 0.82 1.54 1.56 1.61 1.63 1.65
Leverage Ratio
1.89 2.26 3.43 3.44 3.48 2.35 3.55 3.57 3.58 3.57 3.61
Compound Leverage Factor
0.93 1.40 1.89 2.32 2.16 1.47 2.03 2.25 2.11 2.31 2.02
Debt to Total Capital
58.70% 7.28% 60.43% 60.25% 61.31% 61.65% 61.87% 62.59% 62.18% 62.53% 62.69%
Short-Term Debt to Total Capital
6.24% 7.28% 6.25% 5.51% 5.46% 4.87% 4.51% 5.62% 5.85% 4.88% 6.11%
Long-Term Debt to Total Capital
52.47% 0.00% 54.18% 54.73% 55.85% 56.78% 57.36% 56.97% 56.33% 57.65% 56.58%
Preferred Equity to Total Capital
1.56% 0.00% 1.52% 1.51% 1.51% 1.49% 1.47% 0.72% 0.72% 0.70% 0.70%
Noncontrolling Interests to Total Capital
2.02% 5.25% 2.12% 2.16% 0.83% 0.82% 0.82% 0.83% 0.83% 0.81% 0.82%
Common Equity to Total Capital
37.72% 87.47% 35.93% 36.09% 36.35% 36.04% 35.83% 35.86% 36.27% 35.95% 35.79%
Debt to EBITDA
6.02 0.30 6.15 6.08 5.78 5.71 5.67 5.73 5.62 5.58 5.45
Net Debt to EBITDA
5.95 0.30 6.10 6.02 5.73 5.65 5.61 5.67 5.57 5.52 5.41
Long-Term Debt to EBITDA
5.38 0.00 5.52 5.53 5.27 5.26 5.26 5.21 5.09 5.14 4.92
Debt to NOPAT
13.23 0.65 13.69 13.28 12.39 12.19 11.91 12.43 12.00 11.71 11.60
Net Debt to NOPAT
13.08 0.65 13.58 13.14 12.27 12.05 11.78 12.30 11.90 11.59 11.51
Long-Term Debt to NOPAT
11.83 0.00 12.27 12.06 11.28 11.23 11.04 11.31 10.87 10.79 10.47
Altman Z-Score
0.51 7.40 0.48 0.53 0.57 0.58 0.59 0.64 0.60 0.68 0.64
Noncontrolling Interest Sharing Ratio
6.46% 6.54% 8.31% 8.24% 7.38% 5.85% 7.62% 6.73% 5.07% 5.02% 5.03%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.70 0.09 0.75 0.76 0.74 0.78 0.81 0.70 0.67 0.77 0.66
Quick Ratio
0.26 0.00 0.24 0.26 0.25 0.28 0.29 0.26 0.23 0.27 0.24
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-120,602 74,228 -4,300 -1,147 -6,330 -83,685 -4,807 -4,427 -3,507 -3,690 -5,304
Operating Cash Flow to CapEx
23.57% 48.31% 74.64% 116.46% 78.44% 77.12% 98.60% 117.98% 111.05% 69.16% 87.29%
Free Cash Flow to Firm to Interest Expense
-177.62 103.09 -5.91 -1.48 -7.98 -102.43 -5.83 -5.08 -4.03 -4.15 -5.91
Operating Cash Flow to Interest Expense
1.09 2.06 3.17 4.55 3.24 3.03 3.58 4.04 3.88 2.45 3.19
Operating Cash Flow Less CapEx to Interest Expense
-3.53 -2.20 -1.08 0.64 -0.89 -0.90 -0.05 0.62 0.39 -1.09 -0.46
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.31 0.26 0.16 0.16 0.16 0.25 0.17 0.17 0.17 0.17 0.17
Accounts Receivable Turnover
0.00 0.00 7.30 7.05 6.80 0.00 7.36 7.36 7.36 7.83 7.59
Inventory Turnover
0.00 0.00 4.45 4.25 3.89 0.00 3.64 3.76 3.45 3.50 3.47
Fixed Asset Turnover
0.00 0.00 0.25 0.25 0.26 0.00 0.26 0.25 0.25 0.26 0.25
Accounts Payable Turnover
0.00 0.00 4.52 4.19 3.41 0.00 4.41 4.24 3.12 3.90 3.76
Days Sales Outstanding (DSO)
0.00 0.00 50.01 51.80 53.67 0.00 49.60 49.58 49.61 46.64 48.07
Days Inventory Outstanding (DIO)
0.00 0.00 82.08 85.80 93.92 0.00 100.36 97.13 105.95 104.26 105.16
Days Payable Outstanding (DPO)
0.00 0.00 80.82 87.03 107.11 0.00 82.77 86.06 116.86 93.56 97.13
Cash Conversion Cycle (CCC)
0.00 0.00 51.26 50.57 40.48 0.00 67.19 60.65 38.70 57.34 56.10
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
121,790 46,555 126,454 127,475 129,795 131,941 132,745 133,805 135,242 137,691 139,686
Invested Capital Turnover
0.47 0.35 0.23 0.23 0.23 0.33 0.23 0.23 0.23 0.23 0.23
Increase / (Decrease) in Invested Capital
121,790 -72,785 5,534 3,199 8,005 85,386 6,291 6,330 5,447 5,750 6,941
Enterprise Value (EV)
149,645 76,143 147,595 155,304 161,312 165,117 170,181 184,677 177,744 193,354 191,166
Market Capitalization
72,313 69,721 65,570 72,810 79,480 81,621 85,544 99,373 92,036 105,641 102,297
Book Value per Share
$61.50 $58.22 $60.17 $54.68 $54.80 $61.72 $55.43 $55.88 $57.01 $57.38 $57.58
Tangible Book Value per Share
$36.43 $33.16 $35.12 $32.24 $32.37 $36.69 $33.02 $33.48 $34.62 $35.09 $35.31
Total Capital
125,556 51,259 129,049 130,367 129,727 132,046 133,255 134,317 135,529 138,242 139,463
Total Debt
73,703 3,731 77,978 78,541 79,540 81,408 82,449 84,068 84,273 86,448 87,433
Total Long-Term Debt
65,873 0.00 69,914 71,353 72,452 74,979 76,439 76,524 76,340 79,700 78,914
Net Debt
72,839 3,731 77,325 77,712 78,795 80,447 81,576 83,215 83,606 85,616 86,757
Capital Expenditures (CapEx)
3,136 3,070 3,084 3,026 3,275 3,208 2,995 2,987 3,041 3,148 3,280
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,770 -102 3,603 2,752 2,321 2,515 2,695 1,883 1,212 2,423 1,915
Debt-free Net Working Capital (DFNWC)
2,179 -102 3,777 3,076 2,574 2,974 3,085 2,259 1,526 2,898 2,259
Net Working Capital (NWC)
-5,651 -3,833 -4,287 -4,112 -4,514 -3,455 -2,925 -5,285 -6,407 -3,850 -6,260
Net Nonoperating Expense (NNE)
1,846 682 1,438 731 679 550 563 588 713 656 630
Net Nonoperating Obligations (NNO)
69,937 -973 75,383 75,649 79,608 81,303 81,939 83,556 83,986 85,897 87,656
Total Depreciation and Amortization (D&A)
1,429 1,344 1,572 1,622 1,546 1,534 1,566 1,692 1,627 1,691 1,968
Debt-free, Cash-free Net Working Capital to Revenue
6.15% -0.35% 12.40% 9.43% 7.99% 8.54% 8.97% 6.23% 3.99% 7.83% 6.12%
Debt-free Net Working Capital to Revenue
7.57% -0.35% 13.00% 10.53% 8.86% 10.10% 10.27% 7.48% 5.03% 9.37% 7.22%
Net Working Capital to Revenue
-19.64% -13.20% -14.76% -14.08% -15.53% -11.73% -9.73% -17.49% -21.11% -12.45% -20.02%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.76 $1.20 ($0.32) $1.59 $3.07 $1.44 $1.13 $1.60 $1.53 $1.76 $1.25
Adjusted Weighted Average Basic Shares Outstanding
770M 770M 771M 771M 771M 771M 772M 772M 772M 777M 777M
Adjusted Diluted Earnings per Share
($4.54) ($0.19) ($0.32) $1.59 ($4.09) $1.44 $1.13 $1.60 ($4.16) $1.76 $1.25
Adjusted Weighted Average Diluted Shares Outstanding
770M 770M 771M 771M 771M 771M 772M 773M 772M 777M 777M
Adjusted Basic & Diluted Earnings per Share
$0.00 $1.01 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
770M 770.65M 860.37M 860.38M 860.47M 861.43M 861.86M 862.15M 866.12M 866.92M 867.29M
Normalized Net Operating Profit after Tax (NOPAT)
1,414 1,444 1,208 2,130 1,660 1,691 1,516 1,893 1,938 2,055 1,627
Normalized NOPAT Margin
19.24% 19.85% 18.36% 26.65% 23.01% 22.05% 21.14% 23.21% 26.33% 24.91% 21.67%
Pre Tax Income Margin
8.68% 15.46% 13.23% 18.95% 17.43% 17.36% 14.93% 17.82% 18.18% 19.36% 15.01%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
1.91 2.53 2.17 2.90 2.55 2.61 2.27 2.65 2.61 2.78 2.24
NOPAT to Interest Expense
1.75 2.00 1.70 2.65 2.11 2.08 1.80 2.18 2.23 2.32 1.82
EBIT Less CapEx to Interest Expense
-2.71 -1.73 -2.07 -1.01 -1.58 -1.32 -1.36 -0.78 -0.88 -0.76 -1.41
NOPAT Less CapEx to Interest Expense
-2.87 -2.26 -2.54 -1.26 -2.02 -1.84 -1.83 -1.24 -1.26 -1.22 -1.83
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
129.49% 133.35% 244.74% 264.59% 112.87% 99.11% 73.55% 73.40% 69.64% 65.95% 65.27%
Augmented Payout Ratio
129.49% 133.35% 244.74% 264.59% 112.87% 99.11% 73.55% 73.40% 69.64% 65.95% 65.27%

Key Financial Trends

Over the last four years, Duke Energy (NYSE: DUK) has demonstrated several notable trends in its financial performance, liquidity, and capital structure, based on detailed analysis of quarterly income statements, balance sheets, and cash flow statements up to Q2 2025.

  • Net Income Growth: Duke Energy's consolidated net income improved markedly from a loss of $234 million in Q2 2023 to a strong positive $1.007 billion in Q2 2025, indicating improving profitability over the period.
  • Operating Revenue Increase: Operating revenues rose from approximately $6.58 billion in Q2 2023 to $7.51 billion in Q2 2025, reflecting steady growth in core business activities.
  • Strong Operating Cash Flow: Net cash from continuing operating activities increased from $2.32 billion in Q2 2023 to $2.86 billion in Q2 2025, supporting ongoing capital expenditures and dividends.
  • Stable Dividend Payments: The company maintained consistent cash dividends of approximately $1.025 to $1.045 per common share quarterly since 2023, highlighting a shareholder-friendly capital return policy.
  • Capital Investment Focus: Significant investments in property, plant, and equipment (~$3.2 to $3.3 billion quarterly) underscore a commitment to infrastructure growth and modernization.
  • Leverage Position: Long-term debt rose from approximately $66 billion in mid-2022 to about $79 billion by Q2 2025, which requires monitoring but reflects capital-intensive nature of the utility sector.
  • Equity Growth: Total common equity expanded steadily from about $47.7 billion in Q2 2022 to nearly $50 billion by Q2 2025, supporting balance sheet strength.
  • Interest Expense Trend: Interest expenses have risen gradually from $727 million in Q2 2023 to $897 million in Q2 2025, consistent with increased debt levels.
  • Fluctuating Earnings Per Share: While EPS improved overall, there were occasional negative diluted EPS values in late 2023 (-$4.16 in Q4 and -$4.09 in Q1 2024), indicating some quarters of volatility or one-time adjustments.
  • Declining Cash & Equivalents: Cash and equivalents decreased from $453 million in Q3 2022 to $344 million in Q2 2025, suggesting tighter liquidity or utilization of cash reserves for investments and financing activities.

Summary: Duke Energy has strengthened its profitability and cash generation capabilities significantly over recent years while continuing substantial capital investments crucial for a utility company. The company maintains a solid equity base and stable dividend payments, appealing to income-focused investors. However, rising debt and increasing interest costs should be watched carefully, as should the occasional fluctuations in earnings per share that have occurred. Overall, the financial trajectory suggests Duke Energy is managing growth and capital needs effectively, with some areas requiring cautious monitoring.

08/10/25 05:25 AMAI Generated. May Contain Errors.

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 10 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 $1.89 billion in 2014. The previous period was $2.87 billion in 2023. See where experts think Duke Energy is headed by visiting Duke Energy's forecast page.

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's revenue changed over the last 10 years?

Over the last 10 years, Duke Energy's total revenue changed from $22.51 billion in 2014 to $30.36 billion in 2024, a change of 34.9%.

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 4,270.3% increase since 2014.

How much cash does Duke Energy have?

In the past 10 years, Duke Energy's cash and equivalents has ranged from $0.00 in 2014 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 10 years?

Over the last 10 years, Duke Energy's book value per share changed from 74.99 in 2014 to 57.01 in 2024, a change of -24.0%.



This page (NYSE:DUK) was last updated on 8/10/2025 by MarketBeat.com Staff
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