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Duke Energy (DUK) Financials

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$125.33 +1.16 (+0.93%)
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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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
2,816 2,152 3,059 2,666 3,707 1,270 3,802 2,444 2,735 4,402 4,912
Consolidated Net Income / (Loss)
2,831 2,170 3,064 2,644 3,571 1,082 3,579 2,455 2,874 4,614 5,071
Net Income / (Loss) Continuing Operations
2,654 2,578 3,070 2,625 3,578 1,089 3,723 3,778 4,329 4,604 5,070
Total Pre-Tax Income
3,910 3,734 4,266 3,073 4,097 920 3,991 4,078 4,767 5,194 5,712
Total Operating Income
5,078 5,202 5,625 4,685 5,709 4,571 5,500 6,012 7,070 7,926 8,626
Total Gross Profit
9,289 9,629 10,639 9,947 11,560 11,353 11,958 12,976 13,756 15,197 16,498
Total Revenue
22,371 22,743 23,565 24,521 25,079 23,366 24,621 28,768 29,060 30,357 32,237
Operating Revenue
22,371 22,743 23,565 24,521 25,079 23,366 24,621 28,768 29,060 30,357 32,237
Total Cost of Revenue
13,082 13,114 12,926 14,574 13,519 12,013 12,663 15,792 15,304 15,160 15,739
Operating Cost of Revenue
13,082 13,114 12,926 13,294 13,519 12,013 12,663 15,792 15,304 15,160 15,739
Total Operating Expenses
4,258 4,427 5,014 5,262 5,851 6,782 6,458 6,964 6,686 7,271 7,872
Depreciation Expense
3,053 3,294 3,527 4,074 4,548 4,504 4,762 5,086 5,253 5,793 6,324
Other Operating Expenses / (Income)
1,129 1,142 1,233 697 1,307 1,311 1,355 1,466 1,400 1,466 1,597
Impairment Charge
106 18 282 402 -8.00 978 353 434 85 38 -4.00
Other Special Charges / (Income)
-30 -27 -28 89 4.00 -11 -12 -22 -52 -26 -45
Total Other Income / (Expense), net
-1,168 -1,468 -1,359 -1,612 -1,612 -3,651 -1,509 -1,934 -2,303 -2,732 -2,914
Interest Expense
1,527 1,916 1,986 2,094 2,204 2,097 2,207 2,439 3,014 3,384 3,634
Interest & Investment Income
69 -15 119 83 162 -2,005 62 113 113 -9.00 51
Other Income / (Expense), net
290 463 508 399 430 451 636 392 598 661 669
Income Tax Expense
1,256 1,156 1,196 448 519 -169 268 300 438 590 642
Net Income / (Loss) Discontinued Operations
177 -408 -6.00 19 -7.00 -7.00 -144 -1,323 -1,455 10 1.00
Preferred Stock Dividends Declared
- - 0.00 0.00 41 107 106 106 106 106 56
Net Income / (Loss) Attributable to Noncontrolling Interest
15 18 5.00 -22 -177 -295 -329 -95 33 90 103
Basic Earnings per Share
$4.05 $3.11 $4.36 $3.76 - - $4.94 $4.74 $5.35 $5.70 $6.31
Weighted Average Basic Shares Outstanding
694M 691M 700M 708M 729M 737M 769M 770M 771M 772M 777M
Diluted Earnings per Share
$4.05 $3.11 $4.36 $3.76 - - $4.94 ($1.57) ($1.81) $0.01 $0.00
Weighted Average Diluted Shares Outstanding
694M 691M 700M 708M 729M 737M 769M 770M 771M 772M 777M
Basic & Diluted Earnings per Share
- - $4.36 $3.76 - - - $3.17 $3.54 $5.71 $6.31
Weighted Average Basic & Diluted Shares Outstanding
695.30M 692M 700M 708M 729M 737M 769M 770M 860.47M 866.12M 867.33M
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 $4.22

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
1,213 991 1,099 886 1,226 1,191 1,365 971 1,407 1,169 1,536
Consolidated Net Income / (Loss)
1,321 996 1,151 921 1,315 1,227 1,404 1,007 1,454 1,206 1,577
Net Income / (Loss) Continuing Operations
1,473 1,135 1,154 931 1,290 1,229 1,404 1,008 1,454 1,204 1,564
Total Pre-Tax Income
1,515 1,257 1,332 1,071 1,453 1,338 1,597 1,127 1,630 1,358 1,897
Total Operating Income
2,111 1,855 1,963 1,707 2,144 2,112 2,343 1,830 2,334 2,119 2,725
Total Gross Profit
3,938 3,795 3,338 3,153 4,031 4,671 4,277 3,402 4,381 4,866 4,482
Total Revenue
7,994 7,212 7,671 7,172 8,154 7,360 8,249 7,508 8,542 7,938 9,178
Operating Revenue
7,994 7,212 7,671 7,172 8,154 7,360 8,249 7,508 8,542 7,938 9,178
Total Cost of Revenue
4,056 3,417 4,333 4,019 4,123 2,689 3,972 4,106 4,161 3,072 4,696
Operating Cost of Revenue
4,056 3,770 3,947 3,626 4,123 3,465 3,972 3,691 4,161 3,915 4,696
Total Operating Expenses
1,827 1,940 1,375 1,446 1,887 2,559 1,934 1,572 2,047 2,747 1,757
Depreciation Expense
1,353 1,340 1,387 1,409 1,516 1,481 1,512 1,583 1,626 1,603 1,689
Other Operating Expenses / (Income)
394 - - - 383 - 428 - 438 - 452
Other Special Charges / (Income)
-8.00 -6.00 -12 -6.00 -7.00 -1.00 -6.00 -14 -17 -8.00 -384
Total Other Income / (Expense), net
-596 -598 -631 -636 -691 -774 -746 -703 -704 -761 -828
Interest Expense
774 793 817 824 872 871 889 897 902 946 968
Interest & Investment Income
45 28 17 21 15 -62 11 11 16 13 7.00
Other Income / (Expense), net
133 167 169 167 166 159 132 183 182 172 133
Income Tax Expense
42 122 178 140 163 109 193 119 176 154 333
Net Income / (Loss) Discontinued Operations
-152 -139 -3.00 -10 25 -2.00 0.00 -1.00 0.00 2.00 13
Preferred Stock Dividends Declared
39 14 39 14 55 -2.00 14 13 14 15 14
Net Income / (Loss) Attributable to Noncontrolling Interest
69 -9.00 13 21 34 22 25 23 33 22 27
Basic Earnings per Share
$1.59 $3.07 $1.44 $1.13 $1.60 $1.53 $1.76 $1.25 $1.81 $1.49 $1.97
Weighted Average Basic Shares Outstanding
771M 771M 771M 772M 772M 772M 777M 777M 778M 777M 778M
Diluted Earnings per Share
$1.59 ($4.09) $1.44 $1.13 $1.60 ($4.16) $1.76 $1.25 $1.81 ($4.82) $1.97
Weighted Average Diluted Shares Outstanding
771M 771M 771M 772M 773M 772M 777M 777M 778M 777M 779M
Weighted Average Basic & Diluted Shares Outstanding
860.38M 860.47M 861.43M 861.86M 862.15M 866.12M 866.92M 867.29M 867.32M 867.33M 869.26M
Cash Dividends to Common per Share
$1.03 - $1.03 $1.03 - - $1.05 $1.05 - - $1.07

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Change in Cash & Equivalents
-95 42 0.00 86 -18 -17 -36 83 -246 64 -58
Net Cash From Operating Activities
6,685 6,845 6,624 7,186 8,209 8,856 8,290 5,927 9,878 12,328 12,330
Net Cash From Continuing Operating Activities
6,685 6,845 6,619 7,186 8,209 8,856 8,303 5,949 9,945 12,207 12,375
Net Income / (Loss) Continuing Operations
2,816 2,152 3,059 2,644 3,571 1,082 3,579 2,455 2,874 4,614 5,071
Consolidated Net Income / (Loss)
2,816 2,152 3,059 2,644 3,571 1,082 3,579 2,455 2,874 4,614 5,071
Depreciation Expense
3,613 3,880 4,046 4,696 5,176 5,486 5,663 5,843 6,084 6,419 7,704
Non-Cash Adjustments To Reconcile Net Income
-403 -83 -670 -27 -422 2,829 -262 1,157 800 23 -888
Changes in Operating Assets and Liabilities, net
659 896 184 -127 -116 -541 -677 -3,506 187 1,151 488
Net Cash From Investing Activities
-5,277 -11,528 -8,442 -10,060 -11,957 -10,604 -10,935 -11,973 -12,475 -13,123 -14,338
Net Cash From Continuing Investing Activities
-5,277 -11,528 -8,442 -10,060 -11,957 -10,604 -10,935 -11,973 -12,475 -13,123 -14,338
Purchase of Property, Plant & Equipment
-6,766 -7,901 -8,052 -9,389 -11,122 -9,907 -9,715 -11,367 -12,604 -12,280 -14,024
Purchase of Investments
-4,037 -5,153 -4,071 -3,762 -3,672 -8,381 -6,179 -4,301 -3,795 -5,711 -8,888
Sale of Property, Plant & Equipment
2,968 1,418 - - - - 0.00 83 149 49 67
Divestitures
0.00 0.00 - - - - 0.00 0.00 734 0.00 559
Sale and/or Maturity of Investments
4,043 5,237 4,379 3,884 3,354 7,949 6,103 4,339 3,824 5,803 9,027
Other Investing Activities, net
112 -44 -284 -377 -517 -265 -1,144 -727 -783 -984 -1,079
Net Cash From Financing Activities
-2,602 4,251 1,782 2,960 3,730 1,731 2,609 6,129 2,351 859 1,950
Net Cash From Continuing Financing Activities
-2,602 4,251 1,209 2,960 3,730 1,731 2,609 6,129 2,351 859 1,950
Repayment of Debt
-3,996 -4,105 -2,997 -3,200 -4,253 -7,967 -5,147 -4,733 -4,862 -4,841 -5,419
Repurchase of Preferred Equity
- - - - - - - 0.00 0.00 -1,000 0.00
Payment of Dividends
-2,254 -2,332 -3,023 -2,471 -2,668 -2,812 -3,114 -3,179 -3,244 -3,213 -3,300
Issuance of Debt
5,131 9,957 7,229 6,752 7,488 9,339 9,384 12,655 10,295 9,513 10,653
Issuance of Common Equity
17 731 0.00 1,879 1,227 3,171 1,580 1,386 286 452 16
Cash Interest Paid
1,607 1,794 1,963 2,086 2,195 2,186 2,248 2,361 2,883 3,284 3,590
Cash Income Taxes Paid
170 229 4.00 -266 -651 -585 -3.00 -6.00 1.00 -400 -625

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents
7.00 -217 161 -35 -36 -26 115 -94 297 -376 1,889
Net Cash From Operating Activities
3,524 2,569 2,474 2,953 3,524 3,377 2,177 2,863 3,632 3,658 1,512
Net Cash From Continuing Operating Activities
3,544 2,586 2,474 2,917 3,636 3,379 2,177 2,860 3,632 3,706 1,512
Net Income / (Loss) Continuing Operations
1,321 996 1,151 921 1,315 1,227 1,404 1,007 1,454 1,206 1,577
Consolidated Net Income / (Loss)
1,321 996 1,151 921 1,315 1,227 1,404 1,007 1,454 1,206 1,577
Depreciation Expense
1,622 1,546 1,534 1,566 1,692 1,627 1,691 1,968 2,085 1,960 1,884
Non-Cash Adjustments To Reconcile Net Income
-62 -139 -60 -101 -126 485 3.00 178 74 -1,147 -186
Changes in Operating Assets and Liabilities, net
663 183 -151 531 755 40 -921 -293 19 1,687 -1,763
Net Cash From Investing Activities
-3,243 -2,724 -3,342 -3,233 -3,276 -3,272 -3,300 -2,964 -3,712 -4,362 -1,846
Net Cash From Continuing Investing Activities
-3,243 -2,724 -3,342 -3,233 -3,276 -3,272 -3,300 -2,964 -3,712 -4,362 -1,846
Purchase of Property, Plant & Equipment
-3,045 -3,294 -3,208 -2,996 -2,987 -3,089 -3,148 -3,280 -3,453 -4,143 -4,088
Purchase of Investments
-1,225 -954 -953 -1,330 -1,105 -2,323 -1,966 -1,480 -3,650 -1,792 -5,025
Divestitures
- - - - - - 0.00 - - - 2,501
Sale and/or Maturity of Investments
1,220 976 985 1,334 1,131 2,353 2,051 1,484 3,665 1,827 5,037
Other Investing Activities, net
-212 -205 -166 -242 -315 -261 -237 -247 -274 -321 -271
Net Cash From Financing Activities
-274 -62 1,029 245 -284 -131 1,238 7.00 377 328 2,223
Net Cash From Continuing Financing Activities
-274 -62 1,029 245 -284 -131 1,238 7.00 377 328 2,223
Repayment of Debt
-1,597 -594 -1,877 -2,092 69 -941 -2,051 231 -3,630 31 -3,130
Payment of Dividends
-832 -806 -806 -784 -821 -802 -803 -807 -845 -845 -846
Issuance of Debt
2,125 1,359 3,775 3,099 1,438 1,201 4,096 567 4,769 1,221 3,530
Issuance of Common Equity
30 8.00 4.00 63 6.00 379 7.00 7.00 2.00 - 2,778
Other Financing Activities, net
- -29 -67 -41 24 32 -11 9.00 81 - -109

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Total Assets
3,658 1,137 41,895 145,392 158,838 162,388 6,927 178,086 176,893 186,343 195,736
Total Current Assets
746 0.00 0.00 9,714 9,163 8,682 232 13,222 12,769 12,950 11,613
Cash & Equivalents
- - - 442 311 259 - 409 253 314 245
Accounts Receivable
- - - 3,134 3,060 3,153 - 4,415 4,131 4,059 4,230
Inventories, net
- - - 3,084 3,232 3,167 - 3,584 4,292 4,496 4,569
Prepaid Expenses
- - - 1,049 764 462 - 973 431 695 526
Other Current Assets
- - - 2,005 1,796 1,641 - 3,485 3,648 2,739 1,934
Other Current Nonoperating Assets
746 - - - - - 232 356 14 96 109
Plant, Property, & Equipment, net
0.00 0.00 0.00 91,694 102,127 106,782 0.00 111,748 115,315 121,626 129,959
Plant, Property & Equipment, gross
- - - 134,820 147,900 155,609 - 163,839 171,353 178,737 190,409
Accumulated Depreciation
- - - 43,126 45,773 48,827 - 52,100 56,038 57,111 60,450
Total Noncurrent Assets
2,912 1,137 41,895 43,984 47,548 46,924 6,695 53,116 48,809 51,767 54,164
Long-Term Investments
499 1,137 - 1,409 1,936 961 - 455 492 353 330
Goodwill
- - 19,396 19,303 19,303 19,303 - 19,303 19,303 19,010 19,010
Other Noncurrent Operating Assets
- - 22,499 23,272 26,309 26,660 - 27,724 28,817 30,309 32,676
Other Noncurrent Nonoperating Assets
2,413 - - - - - 6,695 5,634 197 2,095 2,148
Total Liabilities & Shareholders' Equity
54,998 52,342 40,953 145,392 158,838 162,388 50,294 178,086 176,893 186,343 195,736
Total Liabilities
4,812 2,817 2,163 101,558 110,887 113,204 4,083 126,233 126,706 135,087 142,717
Total Current Liabilities
3,912 2,817 2,163 15,041 14,752 16,305 3,471 18,873 17,283 19,357 21,047
Short-Term Debt
3,633 2,817 2,163 6,816 6,276 7,111 3,304 7,830 7,088 7,933 9,728
Accounts Payable
- - - 3,487 3,487 3,144 - 4,754 4,228 5,436 5,223
Current Deferred & Payable Income Tax Liabilities
- - - 577 392 482 - 722 816 851 975
Other Current Liabilities
- - - 3,602 4,032 5,031 - 4,406 4,284 4,151 4,115
Other Current Nonoperating Liabilities
279 - - 559 565 537 167 1,161 867 986 1,006
Total Noncurrent Liabilities
900 0.00 0.00 86,517 96,135 96,899 612 107,360 109,423 115,730 121,670
Long-Term Debt
- - - 51,123 54,985 55,625 - 65,873 72,452 76,340 80,108
Asset Retirement Reserve & Litigation Obligation
- - - 24,382 27,701 27,315 - 25,537 22,599 23,859 24,728
Noncurrent Deferred Revenue
- - - 1,650 1,581 1,719 - 1,502 1,393 1,551 1,889
Noncurrent Deferred & Payable Income Tax Liabilities
- - - 8,374 9,502 9,931 - 10,813 11,420 12,318 13,346
Noncurrent Employee Benefit Liabilities
- - - 988 934 969 - 832 485 434 396
Other Noncurrent Operating Liabilities
- - - - 1,432 - - 876 917 957 1,033
Other Noncurrent Nonoperating Liabilities
900 - - - - - 612 1,927 157 271 170
Commitments & Contingencies
- - - 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
50,186 49,525 38,790 43,834 47,951 49,184 46,211 51,853 50,187 51,256 53,019
Total Preferred & Common Equity
50,164 49,530 38,792 43,817 46,822 47,964 44,371 49,322 49,112 50,127 51,842
Preferred Stock
- - - 0.00 1,962 1,962 - 1,962 1,962 973 973
Total Common Equity
50,164 49,530 38,792 43,817 44,860 46,002 44,371 47,360 47,150 49,154 50,869
Common Stock
50,164 49,530 38,792 40,796 40,882 43,768 44,371 44,863 44,921 45,495 45,615
Retained Earnings
- - - 3,113 4,108 2,471 - 2,637 2,235 3,431 5,056
Accumulated Other Comprehensive Income / (Loss)
- - - -92 -130 -237 - -140 -6.00 228 198
Noncontrolling Interest
22 -5.00 -2.00 17 1,129 1,220 1,840 2,531 1,075 1,129 1,177

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 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 9/30/2025 3/31/2026
Total Assets
180,076 181,160 176,893 178,670 181,575 183,566 186,343 187,476 189,713 192,293 198,048
Total Current Assets
13,088 13,048 12,769 12,091 12,557 12,142 12,950 12,775 12,148 12,208 13,446
Cash & Equivalents
174 324 253 459 390 376 314 475 344 688 2,140
Accounts Receivable
4,031 4,075 4,131 3,899 4,136 4,132 4,121 4,006 4,100 4,018 3,947
Inventories, net
4,100 4,118 4,292 4,281 4,390 4,338 4,509 4,418 4,434 4,494 4,572
Prepaid Expenses
633 602 431 359 436 447 695 780 1,001 984 586
Other Current Assets
3,760 3,489 3,648 3,082 2,663 2,300 2,756 2,538 2,269 1,977 2,201
Other Current Nonoperating Assets
390 440 14 11 4.00 4.00 4.00 0.00 0.00 47 0.00
Plant, Property, & Equipment, net
114,480 115,947 115,315 116,891 120,100 121,396 123,303 124,874 126,648 126,695 132,273
Plant, Property & Equipment, gross
168,506 170,941 171,353 173,926 177,974 179,542 180,806 183,546 186,261 185,941 193,525
Accumulated Depreciation
54,030 54,994 56,038 57,035 57,874 58,146 57,503 58,672 59,613 59,246 61,252
Total Noncurrent Assets
52,508 52,165 48,809 49,688 48,918 50,028 50,090 49,827 50,917 53,390 52,329
Long-Term Investments
479 505 492 502 483 477 353 357 332 323 328
Goodwill
19,303 19,303 19,303 19,303 19,303 19,303 19,303 19,303 19,303 19,010 19,010
Other Noncurrent Operating Assets
28,165 27,761 28,817 29,575 29,054 30,167 30,345 30,167 31,282 31,951 32,991
Other Noncurrent Nonoperating Assets
4,561 4,596 197 308 78 81 89 0.00 0.00 2,106 0.00
Total Liabilities & Shareholders' Equity
180,076 181,160 176,893 178,670 181,575 183,566 186,343 187,476 189,713 192,293 198,048
Total Liabilities
129,005 129,334 126,706 128,032 130,769 133,317 135,087 135,682 137,683 139,666 141,570
Total Current Liabilities
17,375 17,160 17,283 15,546 15,482 17,427 19,357 16,625 18,408 19,405 20,334
Short-Term Debt
8,064 7,188 7,088 6,429 6,010 7,544 7,933 6,748 8,519 9,337 9,768
Accounts Payable
3,225 3,539 4,228 3,364 3,777 3,953 5,479 4,442 4,373 4,191 4,732
Current Deferred & Payable Income Tax Liabilities
708 991 816 708 748 1,016 851 794 837 1,141 839
Other Current Liabilities
4,089 4,103 4,284 3,996 4,076 4,028 4,159 3,802 3,780 3,865 4,179
Other Current Nonoperating Liabilities
1,289 1,339 867 1,049 871 886 935 839 899 871 816
Total Noncurrent Liabilities
111,630 112,174 109,423 112,486 115,287 115,890 115,730 119,057 119,275 120,261 121,236
Long-Term Debt
69,914 71,353 72,452 74,979 76,439 76,524 76,340 79,700 78,914 79,301 80,477
Asset Retirement Reserve & Litigation Obligation
25,935 25,009 22,599 23,058 24,275 24,437 24,036 23,816 24,363 24,429 23,810
Noncurrent Deferred Revenue
1,353 1,325 1,393 1,352 1,466 1,731 1,556 1,585 1,696 1,790 1,817
Noncurrent Deferred & Payable Income Tax Liabilities
11,059 11,294 11,420 11,583 11,633 11,725 12,318 12,497 12,872 13,161 13,784
Noncurrent Employee Benefit Liabilities
808 662 485 473 437 432 434 426 410 404 384
Other Noncurrent Operating Liabilities
841 897 917 915 925 956 957 1,033 1,020 1,009 964
Other Noncurrent Nonoperating Liabilities
1,720 1,634 157 126 112 85 89 0.00 0.00 167 0.00
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
51,071 51,826 50,187 50,638 50,806 50,249 51,256 51,794 52,030 52,627 56,478
Total Preferred & Common Equity
48,333 49,006 49,112 49,551 49,707 49,133 50,127 50,670 50,891 51,462 54,457
Preferred Stock
1,962 1,962 1,962 1,962 1,962 973 973 973 973 973 973
Total Common Equity
46,371 47,044 47,150 47,589 47,745 48,160 49,154 49,697 49,918 50,489 53,484
Common Stock
44,867 44,887 44,921 44,938 45,008 45,061 45,495 45,517 45,574 45,593 47,552
Retained Earnings
1,615 2,036 2,235 2,542 2,635 3,052 3,431 3,986 4,141 4,718 5,761
Accumulated Other Comprehensive Income / (Loss)
-111 121 -6.00 109 102 47 228 194 203 178 171
Noncontrolling Interest
2,738 2,820 1,075 1,087 1,099 1,116 1,129 1,124 1,139 1,165 2,021

Annual Metrics And Ratios for Duke Energy

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-0.61% 1.66% 3.61% 4.06% 2.28% -6.83% 5.37% 16.84% 1.02% 4.46% 6.19%
EBITDA Growth
3.60% 6.28% 6.64% -3.92% 15.70% -7.13% 12.29% 3.80% 12.29% 9.12% 13.28%
EBIT Growth
3.99% 5.53% 8.26% -17.10% 20.75% -18.20% 22.18% 4.37% 19.74% 11.98% 8.25%
NOPAT Growth
5.54% 4.20% 12.71% -1.14% 24.58% 8.52% -5.18% 8.56% 15.27% 9.43% 8.98%
Net Income Growth
49.87% -23.35% 41.20% -13.71% 35.06% -69.70% 230.78% -31.41% 17.07% 60.54% 9.90%
EPS Growth
52.26% -23.21% 40.19% -13.76% 0.00% 0.00% 0.00% -131.78% -15.29% 100.55% -100.00%
Operating Cash Flow Growth
1.50% 2.39% -3.23% 8.48% 14.24% 7.88% -6.39% -28.50% 66.66% 24.80% 0.02%
Free Cash Flow Firm Growth
-96.77% 4.20% -1,153.79% -44.22% 96.22% 117.63% 32,266.36% -198.74% 98.64% 199.63% -104.81%
Invested Capital Growth
0.00% 0.00% 0.00% 139.84% 7.02% 4.69% -100.00% 0.00% 6.57% 4.20% 5.86%
Revenue Q/Q Growth
0.41% 6.28% 32.51% -17.62% -0.05% -3.42% 2.02% 5.85% -0.48% 0.49% 1.83%
EBITDA Q/Q Growth
2.78% 3.25% 27.94% -9.09% 3.51% -15.40% 37.44% -0.70% 6.53% 2.25% 2.12%
EBIT Q/Q Growth
3.39% 3.66% 55.94% -18.72% 4.92% -28.21% 105.15% -0.64% 10.46% 2.99% 0.22%
NOPAT Q/Q Growth
4.66% -30.14% 47.03% -26.83% 2.48% -22.65% 71.54% 0.97% 8.52% 3.86% -0.76%
Net Income Q/Q Growth
15.60% -24.50% 289.82% -37.73% 4.48% -67.67% 184.73% -35.00% 135.57% 5.27% -0.41%
EPS Q/Q Growth
16.05% -25.06% 44.37% -8.29% 0.00% 0.00% 0.00% -140.15% -172.98% -99.82% -100.00%
Operating Cash Flow Q/Q Growth
-1.91% -0.80% 6.63% -1.74% 14.71% -5.16% -11.02% -5.18% 22.74% 7.01% 2.33%
Free Cash Flow Firm Q/Q Growth
-96.81% -30.14% 4.52% -1,109.18% 96.58% -90.42% 8,240.23% -3,164.02% -158.32% 263.28% -106.95%
Invested Capital Q/Q Growth
0.00% 0.00% -1.17% 136.69% -0.03% 1.64% -100.00% -2.00% 1.82% 1.07% 1.48%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
41.52% 42.34% 45.15% 40.57% 46.09% 48.59% 48.57% 45.11% 47.34% 50.06% 51.18%
EBITDA Margin
40.15% 41.97% 43.20% 39.88% 45.12% 44.97% 47.92% 42.57% 47.32% 49.43% 52.73%
Operating Margin
22.70% 22.87% 23.87% 19.11% 22.76% 19.56% 22.34% 20.90% 24.33% 26.11% 26.76%
EBIT Margin
24.00% 24.91% 26.03% 20.73% 24.48% 21.49% 24.92% 22.26% 26.39% 28.29% 28.83%
Profit (Net Income) Margin
12.65% 9.54% 13.00% 10.78% 14.24% 4.63% 14.54% 8.53% 9.89% 15.20% 15.73%
Tax Burden Percent
72.40% 58.11% 71.82% 86.04% 87.16% 117.61% 89.68% 60.20% 60.29% 88.83% 88.78%
Interest Burden Percent
72.84% 65.91% 69.56% 60.44% 66.74% 18.32% 65.04% 63.68% 62.17% 60.49% 61.45%
Effective Tax Rate
32.12% 30.96% 28.04% 14.58% 12.67% -18.37% 6.72% 7.36% 9.19% 11.36% 11.24%
Return on Invested Capital (ROIC)
0.00% 0.00% 19.32% 5.62% 4.79% 4.92% 9.12% 9.15% 5.10% 5.30% 5.58%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 23.56% 1.08% 2.36% -2.12% -8.95% -17.11% 0.36% 2.35% 2.54%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% -12.39% 0.78% 2.99% -2.69% -1.61% -4.14% 0.53% 3.80% 4.15%
Return on Equity (ROE)
0.00% 0.00% 6.94% 6.40% 7.78% 2.23% 7.50% 5.01% 5.63% 9.10% 9.73%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% -180.68% -76.68% -1.98% 0.33% 209.12% -190.85% -1.26% 1.19% -0.12%
Operating Return on Assets (OROA)
107.98% 236.29% 28.50% 5.43% 4.04% 3.13% 7.25% 6.92% 4.32% 4.73% 4.87%
Return on Assets (ROA)
56.94% 90.51% 14.24% 2.82% 2.35% 0.67% 4.23% 2.65% 1.62% 2.54% 2.65%
Return on Common Equity (ROCE)
0.00% 0.00% 6.94% 6.40% 7.52% 2.08% 7.11% 4.68% 5.22% 8.64% 9.33%
Return on Equity Simple (ROE_SIMPLE)
5.64% 4.38% 7.90% 6.03% 7.63% 2.26% 8.07% 4.98% 5.85% 9.20% 0.00%
Net Operating Profit after Tax (NOPAT)
3,447 3,592 4,048 4,002 4,986 5,411 5,131 5,570 6,420 7,026 7,656
NOPAT Margin
15.41% 15.79% 17.18% 16.32% 19.88% 23.16% 20.84% 19.36% 22.09% 23.14% 23.75%
Net Nonoperating Expense Percent (NNEP)
-1.19% -2.85% -4.24% 4.55% 2.43% 7.04% 18.06% 26.26% 4.74% 2.95% 3.04%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 4.44% 4.95% 5.18% 5.36%
Cost of Revenue to Revenue
58.48% 57.66% 54.85% 59.43% 53.91% 51.41% 51.43% 54.89% 52.66% 49.94% 48.82%
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
19.03% 19.47% 21.28% 21.46% 23.33% 29.03% 26.23% 24.21% 23.01% 23.95% 24.42%
Earnings before Interest and Taxes (EBIT)
5,368 5,665 6,133 5,084 6,139 5,022 6,136 6,404 7,668 8,587 9,295
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
8,981 9,545 10,179 9,780 11,315 10,508 11,799 12,247 13,752 15,006 16,999
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.68 0.78 1.14 1.11 1.22 1.26 1.63 1.53 1.69 1.87 1.98
Price to Tangible Book Value (P/TBV)
0.68 0.78 2.29 1.98 2.14 2.17 1.63 2.58 2.85 3.08 3.16
Price to Revenue (P/Rev)
1.52 1.70 1.88 1.98 2.18 2.48 2.93 2.51 2.74 3.03 3.13
Price to Earnings (P/E)
12.10 17.98 14.52 18.22 14.78 45.62 18.98 29.59 29.06 20.91 20.52
Dividend Yield
6.54% 5.98% 5.50% 5.33% 4.98% 4.85% 4.16% 4.24% 4.40% 3.88% 3.63%
Earnings Yield
8.26% 5.56% 6.89% 5.49% 6.77% 2.19% 5.27% 3.38% 3.44% 4.78% 4.87%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 1.11 1.04 1.09 1.10 0.00 1.23 1.24 1.31 1.36
Enterprise Value to Revenue (EV/Rev)
1.66 1.77 1.98 4.27 4.66 5.31 3.14 5.20 5.55 5.86 5.96
Enterprise Value to EBITDA (EV/EBITDA)
4.15 4.23 4.57 10.70 10.33 11.80 6.55 12.22 11.73 11.84 11.31
Enterprise Value to EBIT (EV/EBIT)
6.94 7.13 7.59 20.59 19.04 24.69 12.60 23.37 21.04 20.70 20.68
Enterprise Value to NOPAT (EV/NOPAT)
10.80 11.24 11.50 26.16 23.44 22.91 15.06 26.87 25.12 25.30 25.10
Enterprise Value to Operating Cash Flow (EV/OCF)
5.57 5.90 7.03 14.57 14.24 14.00 9.32 25.25 16.33 14.42 15.59
Enterprise Value to Free Cash Flow (EV/FCFF)
10.80 11.24 0.00 0.00 0.00 340.91 0.66 0.00 0.00 112.59 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.07 0.06 0.06 1.32 1.28 1.30 0.07 1.42 1.58 1.64 1.69
Long-Term Debt to Equity
0.00 0.00 0.00 1.17 1.15 1.16 0.00 1.27 1.44 1.49 1.51
Financial Leverage
-1.00 -1.00 -0.53 0.72 1.27 1.27 0.18 0.24 1.47 1.61 1.63
Leverage Ratio
0.10 0.05 0.49 2.27 3.31 3.31 1.77 1.89 3.48 3.58 3.66
Compound Leverage Factor
0.07 0.03 0.34 1.37 2.21 0.61 1.15 1.20 2.16 2.17 2.25
Debt to Total Capital
6.75% 5.38% 5.28% 56.93% 56.09% 56.57% 6.67% 58.70% 61.31% 62.18% 62.89%
Short-Term Debt to Total Capital
6.75% 5.38% 5.28% 6.70% 5.75% 6.28% 6.67% 6.24% 5.46% 5.85% 6.81%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 50.23% 50.35% 50.30% 0.00% 52.47% 55.85% 56.33% 56.08%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 1.80% 1.73% 0.00% 1.56% 1.51% 0.72% 0.68%
Noncontrolling Interests to Total Capital
0.04% -0.01% 0.00% 0.02% 1.03% 1.08% 3.72% 2.02% 0.83% 0.83% 0.82%
Common Equity to Total Capital
93.21% 94.63% 94.72% 43.05% 41.08% 40.62% 89.61% 37.72% 36.35% 36.27% 35.61%
Debt to EBITDA
0.40 0.30 0.21 5.92 5.41 6.10 0.28 6.02 5.78 5.62 5.28
Net Debt to EBITDA
0.35 0.18 0.21 5.74 5.22 5.98 0.28 5.95 5.73 5.57 5.25
Long-Term Debt to EBITDA
0.00 0.00 0.00 5.23 4.86 5.42 0.00 5.38 5.27 5.09 4.71
Debt to NOPAT
1.05 0.78 0.53 14.48 12.29 11.84 0.64 13.23 12.39 12.00 11.73
Net Debt to NOPAT
0.91 0.47 0.53 14.02 11.84 11.62 0.64 13.08 12.27 11.90 11.66
Long-Term Debt to NOPAT
0.00 0.00 0.00 12.77 11.03 10.53 0.00 11.83 11.28 10.87 10.46
Altman Z-Score
14.17 41.71 13.30 0.56 0.58 0.52 16.52 0.61 0.67 0.71 0.72
Noncontrolling Interest Sharing Ratio
0.01% 0.02% -0.01% 0.02% 3.39% 6.46% 5.26% 6.46% 7.38% 5.07% 4.08%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.19 0.00 0.00 0.65 0.62 0.53 0.07 0.70 0.74 0.67 0.55
Quick Ratio
0.00 0.00 0.00 0.24 0.23 0.21 0.00 0.26 0.25 0.23 0.21
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
3,447 3,592 -37,847 -54,584 -2,063 364 117,708 -116,220 -1,585 1,579 -166
Operating Cash Flow to CapEx
176.01% 105.58% 82.27% 76.54% 73.81% 89.39% 85.33% 52.53% 79.31% 100.79% 88.34%
Free Cash Flow to Firm to Interest Expense
2.26 1.87 -19.06 -26.07 -0.94 0.17 53.33 -47.65 -0.53 0.47 -0.05
Operating Cash Flow to Interest Expense
4.38 3.57 3.34 3.43 3.72 4.22 3.76 2.43 3.28 3.64 3.39
Operating Cash Flow Less CapEx to Interest Expense
1.89 0.19 -0.72 -1.05 -1.32 -0.50 -0.65 -2.20 -0.86 0.03 -0.45
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
4.50 9.49 1.10 0.26 0.16 0.15 0.29 0.31 0.16 0.17 0.17
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 8.10 7.52 0.00 0.00 6.80 7.36 7.78
Inventory Turnover
0.00 0.00 0.00 0.00 4.28 3.75 0.00 0.00 3.89 3.45 3.47
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.26 0.22 0.00 0.00 0.26 0.25 0.26
Accounts Payable Turnover
0.00 0.00 0.00 0.00 3.88 3.62 0.00 0.00 3.41 3.12 2.95
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 45.07 48.53 0.00 0.00 53.67 49.61 46.93
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 85.26 97.21 0.00 0.00 93.92 105.95 105.11
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 94.15 100.74 0.00 0.00 107.11 116.86 123.60
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 36.19 45.00 0.00 0.00 40.48 38.70 28.44
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
0.00 0.00 41,895 100,481 107,530 112,577 0.00 121,790 129,795 135,242 141,199
Invested Capital Turnover
0.00 0.00 1.13 0.34 0.24 0.21 0.44 0.47 0.23 0.23 0.23
Increase / (Decrease) in Invested Capital
0.00 0.00 41,895 58,586 7,049 5,047 -112,577 121,790 8,005 5,447 7,822
Enterprise Value (EV)
37,232 40,364 46,563 104,678 116,888 123,981 77,291 149,645 161,312 177,744 192,212
Market Capitalization
34,076 38,689 44,402 48,573 54,783 57,943 72,147 72,313 79,480 92,036 100,801
Book Value per Share
$72.88 $71.89 $55.42 $61.47 $61.53 $62.51 $57.67 $61.50 $54.80 $57.01 $58.65
Tangible Book Value per Share
$72.88 $71.89 $27.71 $34.39 $35.06 $36.28 $57.67 $36.43 $32.37 $34.62 $36.73
Total Capital
53,819 52,342 40,953 101,773 109,212 113,260 49,515 125,556 129,727 135,529 142,855
Total Debt
3,633 2,817 2,163 57,939 61,261 64,076 3,304 73,703 79,540 84,273 89,836
Total Long-Term Debt
0.00 0.00 0.00 51,123 54,985 56,965 0.00 65,873 72,452 76,340 80,108
Net Debt
3,134 1,680 2,163 56,088 59,014 62,856 3,304 72,839 78,795 83,606 89,261
Capital Expenditures (CapEx)
3,798 6,483 8,052 9,389 11,122 9,907 9,715 11,284 12,455 12,231 13,957
Debt-free, Cash-free Net Working Capital (DFCFNWC)
467 0.00 0.00 1,047 376 -771 65 1,770 2,321 1,212 49
Debt-free Net Working Capital (DFNWC)
467 0.00 0.00 1,489 687 -512 65 2,179 2,574 1,526 294
Net Working Capital (NWC)
-3,166 -2,817 -2,163 -5,327 -5,589 -7,623 -3,239 -5,651 -4,514 -6,407 -9,434
Net Nonoperating Expense (NNE)
616 1,422 984 1,358 1,415 4,329 1,552 3,115 3,546 2,412 2,585
Net Nonoperating Obligations (NNO)
-50,186 -49,525 3,105 56,647 59,579 63,393 -46,211 69,937 79,608 83,986 88,180
Total Depreciation and Amortization (D&A)
3,613 3,880 4,046 4,696 5,176 5,486 5,663 5,843 6,084 6,419 7,704
Debt-free, Cash-free Net Working Capital to Revenue
2.09% 0.00% 0.00% 4.27% 1.50% -3.30% 0.26% 6.15% 7.99% 3.99% 0.15%
Debt-free Net Working Capital to Revenue
2.09% 0.00% 0.00% 6.07% 2.74% -2.19% 0.26% 7.57% 8.86% 5.03% 0.91%
Net Working Capital to Revenue
-14.15% -12.39% -9.18% -21.72% -22.29% -32.62% -13.16% -19.64% -15.53% -21.11% -29.26%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$4.05 $3.11 $0.00 $3.76 $5.07 $1.72 $4.94 $0.00 $3.54 $5.70 $6.31
Adjusted Weighted Average Basic Shares Outstanding
694M 691M 0.00 708M 733.32M 737M 769M 770M 771M 772M 777M
Adjusted Diluted Earnings per Share
$4.05 $3.11 $0.00 $3.76 $5.07 $1.72 $4.94 $0.00 $3.54 $0.01 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
694M 691M 0.00 708M 733.32M 738M 769M 770M 771M 772M 777M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $5.07 $1.72 $0.00 $0.00 $0.00 $5.71 $6.31
Adjusted Weighted Average Basic & Diluted Shares Outstanding
688.38M 699.61M 0.00 727.01M 729M 768.66M 769M 770M 860.47M 866.12M 867.33M
Normalized Net Operating Profit after Tax (NOPAT)
3,498 3,585 4,231 4,421 4,982 3,877 5,449 5,951 6,450 7,036 7,613
Normalized NOPAT Margin
15.64% 15.76% 17.95% 18.03% 19.87% 16.59% 22.13% 20.69% 22.20% 23.18% 23.62%
Pre Tax Income Margin
17.48% 16.42% 18.10% 12.53% 16.34% 3.94% 16.21% 14.18% 16.40% 17.11% 17.72%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
3.52 2.96 3.09 2.43 2.79 2.39 2.78 2.63 2.54 2.54 2.56
NOPAT to Interest Expense
2.26 1.87 2.04 1.91 2.26 2.58 2.32 2.28 2.13 2.08 2.11
EBIT Less CapEx to Interest Expense
1.03 -0.43 -0.97 -2.06 -2.26 -2.33 -1.62 -2.00 -1.59 -1.08 -1.28
NOPAT Less CapEx to Interest Expense
-0.23 -1.51 -2.02 -2.57 -2.78 -2.14 -2.08 -2.34 -2.00 -1.54 -1.73
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
79.62% 107.47% 98.66% 93.46% 74.71% 259.89% 87.01% 129.49% 112.87% 69.64% 65.08%
Augmented Payout Ratio
132.60% 107.47% 98.66% 93.46% 74.71% 259.89% 87.01% 129.49% 112.87% 69.64% 65.08%

Quarterly Metrics And Ratios for Duke Energy

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding
- - - - - - - - - - 867,334,152.00
DEI Adjusted Shares Outstanding
- - - - - - - - - - 867,334,152.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - - 1.77
Growth Metrics
- - - - - - - - - - -
Revenue Growth
1.94% -1.89% 5.43% 9.03% 2.00% 2.05% 7.53% 4.68% 4.76% 7.85% 11.26%
EBITDA Growth
6.38% 30.94% 15.68% 9.24% 3.52% 9.25% 13.64% 15.73% 14.97% 9.06% 13.83%
EBIT Growth
4.71% 56.02% 16.82% 18.83% 2.94% 12.31% 16.09% 7.42% 8.92% 0.88% 15.47%
NOPAT Growth
11.02% 40.94% 17.83% 20.21% -7.26% 15.82% 21.12% 10.30% 9.38% -3.16% 9.07%
Net Income Growth
-6.51% 251.37% 51.25% 551.47% -0.45% 23.19% 21.98% 9.34% 10.57% -1.71% 12.32%
EPS Growth
-12.15% 9.91% 42.57% 453.13% 0.63% -1.71% 22.22% 10.62% 13.13% -15.87% 11.93%
Operating Cash Flow Growth
205.64% 247.63% 66.82% 28.28% 0.00% 31.45% -12.00% -3.05% 3.06% 8.32% -30.55%
Free Cash Flow Firm Growth
84.14% 94.75% -212.74% -11.80% -286.08% 44.60% 95.59% -10.34% 26.53% -261.94% -39.11%
Invested Capital Growth
2.57% 6.57% 183.41% 4.97% 4.97% 4.20% 4.36% 5.23% 3.99% 5.86% 5.36%
Revenue Q/Q Growth
21.53% -9.78% 6.36% -6.51% 13.69% -9.74% 12.08% -8.98% 13.77% -7.07% 15.62%
EBITDA Q/Q Growth
22.77% -7.71% 2.75% -6.16% 16.34% -2.60% 6.88% -4.44% 15.57% -7.61% 11.55%
EBIT Q/Q Growth
42.30% -9.89% 5.44% -12.10% 23.27% -1.69% 8.98% -18.67% 24.99% -8.94% 24.75%
NOPAT Q/Q Growth
66.27% -18.39% 1.54% -12.75% 28.28% 1.92% 6.18% -20.54% 27.20% -9.76% 19.59%
Net Income Q/Q Growth
747.55% -24.60% 15.56% -19.98% 42.78% -6.69% 14.43% -28.28% 44.39% -17.06% 30.76%
EPS Q/Q Growth
596.88% -357.23% 14.29% -21.53% 41.59% -360.00% 142.31% -28.98% 44.80% -366.30% 140.87%
Operating Cash Flow Q/Q Growth
53.08% -27.10% -3.70% 19.36% 19.34% -4.17% -35.53% 31.51% 26.86% 0.72% -58.67%
Free Cash Flow Firm Q/Q Growth
73.33% -452.11% -1,222.03% 94.26% 7.92% 20.77% -5.22% -43.74% 38.69% -82.76% 13.63%
Invested Capital Q/Q Growth
0.81% 1.82% 1.65% 0.61% 0.80% 1.07% 1.81% 1.45% -0.39% 1.48% 2.74%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
49.26% 52.62% 48.56% 43.96% 44.74% 63.46% 46.66% 45.31% 51.29% 61.30% 48.83%
EBITDA Margin
48.36% 49.47% 47.79% 47.96% 49.08% 52.96% 50.50% 53.02% 53.86% 53.55% 51.67%
Operating Margin
26.41% 25.72% 25.59% 23.80% 26.29% 28.70% 28.40% 24.37% 27.32% 26.69% 29.69%
EBIT Margin
28.07% 28.04% 27.79% 26.13% 28.33% 30.86% 30.00% 26.81% 29.45% 28.86% 31.14%
Profit (Net Income) Margin
16.52% 13.81% 15.00% 12.84% 16.13% 16.67% 17.02% 13.41% 17.02% 15.19% 17.18%
Tax Burden Percent
87.19% 79.24% 86.41% 85.99% 90.50% 91.70% 87.91% 89.35% 89.20% 88.81% 83.13%
Interest Burden Percent
67.51% 62.17% 62.48% 57.15% 62.90% 58.92% 64.53% 55.99% 64.79% 59.28% 66.38%
Effective Tax Rate
2.77% 9.71% 13.36% 13.07% 11.22% 8.15% 12.09% 10.56% 10.80% 11.34% 17.55%
Return on Invested Capital (ROIC)
5.96% 5.37% 7.32% 4.80% 5.40% 6.04% 5.73% 5.00% 5.65% 5.56% 5.74%
ROIC Less NNEP Spread (ROIC-NNEP)
4.97% 4.46% 5.95% 4.08% 4.66% 5.17% 4.95% 4.26% 4.92% 4.77% 4.97%
Return on Net Nonoperating Assets (RNNOA)
7.06% 6.53% 4.87% 6.30% 7.27% 8.33% 8.07% 7.03% 8.13% 7.79% 8.02%
Return on Equity (ROE)
13.01% 11.90% 12.18% 11.10% 12.66% 14.37% 13.80% 12.03% 13.78% 13.34% 13.76%
Cash Return on Invested Capital (CROIC)
2.16% -1.26% -88.19% 0.49% 0.33% 1.19% 1.21% 0.44% 1.74% -0.12% 0.32%
Operating Return on Assets (OROA)
4.59% 4.59% 7.08% 4.34% 4.69% 5.16% 5.07% 4.52% 4.96% 4.87% 5.36%
Return on Assets (ROA)
2.70% 2.26% 3.82% 2.13% 2.67% 2.79% 2.88% 2.26% 2.87% 2.56% 2.96%
Return on Common Equity (ROCE)
11.94% 11.02% 11.47% 10.25% 11.81% 13.64% 13.11% 11.43% 13.21% 12.80% 13.11%
Return on Equity Simple (ROE_SIMPLE)
2.49% 0.00% 6.59% 8.83% 8.92% 0.00% 9.61% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
2,052 1,675 1,701 1,484 1,903 1,940 2,060 1,637 2,082 1,879 2,247
NOPAT Margin
25.68% 23.22% 22.17% 20.69% 23.34% 26.36% 24.97% 21.80% 24.37% 23.67% 24.48%
Net Nonoperating Expense Percent (NNEP)
0.99% 0.91% 1.37% 0.72% 0.74% 0.87% 0.78% 0.74% 0.74% 0.79% 0.77%
Return On Investment Capital (ROIC_SIMPLE)
- 1.29% - - - 1.43% 1.49% 1.17% 1.47% 1.32% 1.53%
Cost of Revenue to Revenue
50.74% 47.38% 51.44% 56.04% 55.26% 36.54% 53.34% 54.69% 48.71% 38.70% 51.17%
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
22.85% 26.90% 22.97% 20.16% 18.44% 34.77% 18.26% 20.94% 23.96% 34.61% 19.14%
Earnings before Interest and Taxes (EBIT)
2,244 2,022 2,132 1,874 2,310 2,271 2,475 2,013 2,516 2,291 2,858
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
3,866 3,568 3,666 3,440 4,002 3,898 4,166 3,981 4,601 4,251 4,742
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.55 1.69 1.72 1.79 2.06 1.87 2.13 2.05 2.13 1.98 2.12
Price to Tangible Book Value (P/TBV)
2.62 2.85 2.89 3.01 3.44 3.08 3.48 3.34 3.41 3.16 3.29
Price to Revenue (P/Rev)
2.49 2.74 2.77 2.85 3.29 3.03 3.41 3.27 3.39 3.13 3.42
Price to Earnings (P/E)
66.55 29.06 26.60 20.42 23.65 20.91 22.63 21.52 21.75 20.52 22.34
Dividend Yield
4.77% 4.40% 4.30% 4.13% 3.57% 3.88% 3.41% 3.54% 3.39% 3.63% 3.24%
Earnings Yield
1.50% 3.44% 3.76% 4.90% 4.23% 4.78% 4.42% 4.65% 4.60% 4.87% 4.48%
Enterprise Value to Invested Capital (EV/IC)
1.22 1.24 1.25 1.28 1.38 1.31 1.40 1.37 1.42 1.36 1.41
Enterprise Value to Revenue (EV/Rev)
5.32 5.55 5.61 5.66 6.11 5.86 6.25 6.11 6.23 5.96 6.16
Enterprise Value to EBITDA (EV/EBITDA)
12.03 11.73 11.59 11.70 12.58 11.84 12.47 11.91 11.84 11.31 11.63
Enterprise Value to EBIT (EV/EBIT)
22.37 21.04 20.70 20.57 22.15 20.70 21.65 21.08 21.25 20.68 21.11
Enterprise Value to NOPAT (EV/NOPAT)
26.25 25.12 24.73 24.58 27.30 25.30 26.18 25.37 25.55 25.10 26.08
Enterprise Value to Operating Cash Flow (EV/OCF)
19.30 16.33 15.19 14.77 16.03 14.42 16.07 16.01 16.36 15.59 17.52
Enterprise Value to Free Cash Flow (EV/FCFF)
57.16 0.00 0.00 268.52 424.98 112.59 118.22 321.06 82.78 0.00 447.82
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.52 1.58 1.61 1.62 1.67 1.64 1.67 1.68 1.68 1.69 1.60
Long-Term Debt to Equity
1.38 1.44 1.48 1.50 1.52 1.49 1.54 1.52 1.51 1.51 1.42
Financial Leverage
1.42 1.47 0.82 1.54 1.56 1.61 1.63 1.65 1.65 1.63 1.61
Leverage Ratio
3.44 3.48 2.35 3.55 3.57 3.58 3.57 3.61 3.65 3.66 3.56
Compound Leverage Factor
2.32 2.16 1.47 2.03 2.25 2.11 2.31 2.02 2.37 2.17 2.36
Debt to Total Capital
60.25% 61.31% 61.65% 61.87% 62.59% 62.18% 62.53% 62.69% 62.75% 62.89% 61.51%
Short-Term Debt to Total Capital
5.51% 5.46% 4.87% 4.51% 5.62% 5.85% 4.88% 6.11% 6.61% 6.81% 6.66%
Long-Term Debt to Total Capital
54.73% 55.85% 56.78% 57.36% 56.97% 56.33% 57.65% 56.58% 56.14% 56.08% 54.85%
Preferred Equity to Total Capital
1.51% 1.51% 1.49% 1.47% 0.72% 0.72% 0.70% 0.70% 0.69% 0.68% 0.66%
Noncontrolling Interests to Total Capital
2.16% 0.83% 0.82% 0.82% 0.83% 0.83% 0.81% 0.82% 0.82% 0.82% 1.38%
Common Equity to Total Capital
36.09% 36.35% 36.04% 35.83% 35.86% 36.27% 35.95% 35.79% 35.74% 35.61% 36.45%
Debt to EBITDA
6.08 5.78 5.71 5.67 5.73 5.62 5.58 5.45 5.32 5.28 5.13
Net Debt to EBITDA
6.02 5.73 5.65 5.61 5.67 5.57 5.52 5.41 5.26 5.25 4.99
Long-Term Debt to EBITDA
5.53 5.27 5.26 5.26 5.21 5.09 5.14 4.92 4.76 4.71 4.58
Debt to NOPAT
13.28 12.39 12.19 11.91 12.43 12.00 11.71 11.60 11.49 11.73 11.52
Net Debt to NOPAT
13.14 12.27 12.05 11.78 12.30 11.90 11.59 11.51 11.36 11.66 11.20
Long-Term Debt to NOPAT
12.06 11.28 11.23 11.04 11.31 10.87 10.79 10.47 10.28 10.46 10.27
Altman Z-Score
0.53 0.57 0.58 0.59 0.64 0.60 0.68 0.64 0.66 0.61 0.70
Noncontrolling Interest Sharing Ratio
8.24% 7.38% 5.85% 7.62% 6.73% 5.07% 5.02% 5.03% 4.11% 4.08% 4.70%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.76 0.74 0.78 0.81 0.70 0.67 0.77 0.66 0.63 0.55 0.66
Quick Ratio
0.26 0.25 0.28 0.29 0.26 0.23 0.27 0.24 0.24 0.21 0.30
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-1,147 -6,330 -83,685 -4,807 -4,427 -3,507 -3,690 -5,304 -3,252 -5,943 -5,133
Operating Cash Flow to CapEx
116.46% 78.44% 77.12% 98.60% 117.98% 111.05% 69.16% 87.29% 105.18% 88.29% 36.99%
Free Cash Flow to Firm to Interest Expense
-1.48 -7.98 -102.43 -5.83 -5.08 -4.03 -4.15 -5.91 -3.61 -6.28 -5.30
Operating Cash Flow to Interest Expense
4.55 3.24 3.03 3.58 4.04 3.88 2.45 3.19 4.03 3.87 1.56
Operating Cash Flow Less CapEx to Interest Expense
0.64 -0.89 -0.90 -0.05 0.62 0.39 -1.09 -0.46 0.20 -0.51 -2.66
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.16 0.16 0.25 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17
Accounts Receivable Turnover
7.05 6.80 0.00 7.36 7.36 7.36 7.83 7.59 7.77 7.78 8.34
Inventory Turnover
4.25 3.89 0.00 3.64 3.76 3.45 3.50 3.47 3.48 3.47 3.66
Fixed Asset Turnover
0.25 0.26 0.00 0.26 0.25 0.25 0.26 0.25 0.26 0.26 0.26
Accounts Payable Turnover
4.19 3.41 0.00 4.41 4.24 3.12 3.90 3.76 3.77 2.95 3.59
Days Sales Outstanding (DSO)
51.80 53.67 0.00 49.60 49.58 49.61 46.64 48.07 46.98 46.93 43.76
Days Inventory Outstanding (DIO)
85.80 93.92 0.00 100.36 97.13 105.95 104.26 105.16 104.99 105.11 99.66
Days Payable Outstanding (DPO)
87.03 107.11 0.00 82.77 86.06 116.86 93.56 97.13 96.81 123.60 101.70
Cash Conversion Cycle (CCC)
50.57 40.48 0.00 67.19 60.65 38.70 57.34 56.10 55.16 28.44 41.72
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
127,475 129,795 131,941 132,745 133,805 135,242 137,691 139,686 139,139 141,199 145,071
Invested Capital Turnover
0.23 0.23 0.33 0.23 0.23 0.23 0.23 0.23 0.23 0.23 0.23
Increase / (Decrease) in Invested Capital
3,199 8,005 85,386 6,291 6,330 5,447 5,750 6,941 5,334 7,822 7,380
Enterprise Value (EV)
155,304 161,312 165,117 170,181 184,677 177,744 193,354 191,166 197,092 192,212 204,340
Market Capitalization
72,810 79,480 81,621 85,544 99,373 92,036 105,641 102,297 107,327 100,801 113,569
Book Value per Share
$54.68 $54.80 $61.72 $55.43 $55.88 $57.01 $57.38 $57.58 $58.21 $58.65 $61.66
Tangible Book Value per Share
$32.24 $32.37 $36.69 $33.02 $33.48 $34.62 $35.09 $35.31 $36.30 $36.73 $39.75
Total Capital
130,367 129,727 132,046 133,255 134,317 135,529 138,242 139,463 141,265 142,855 146,723
Total Debt
78,541 79,540 81,408 82,449 84,068 84,273 86,448 87,433 88,638 89,836 90,245
Total Long-Term Debt
71,353 72,452 74,979 76,439 76,524 76,340 79,700 78,914 79,301 80,108 80,477
Net Debt
77,712 78,795 80,447 81,576 83,215 83,606 85,616 86,757 87,627 89,261 87,777
Capital Expenditures (CapEx)
3,026 3,275 3,208 2,995 2,987 3,041 3,148 3,280 3,453 4,143 4,088
Debt-free, Cash-free Net Working Capital (DFCFNWC)
2,752 2,321 2,515 2,695 1,883 1,212 2,423 1,915 1,452 49 740
Debt-free Net Working Capital (DFNWC)
3,076 2,574 2,974 3,085 2,259 1,526 2,898 2,259 2,140 294 2,880
Net Working Capital (NWC)
-4,112 -4,514 -3,455 -2,925 -5,285 -6,407 -3,850 -6,260 -7,197 -9,434 -6,888
Net Nonoperating Expense (NNE)
731 679 550 563 588 713 656 630 628 673 670
Net Nonoperating Obligations (NNO)
75,649 79,608 81,303 81,939 83,556 83,986 85,897 87,656 86,512 88,180 88,593
Total Depreciation and Amortization (D&A)
1,622 1,546 1,534 1,566 1,692 1,627 1,691 1,968 2,085 1,960 1,884
Debt-free, Cash-free Net Working Capital to Revenue
9.43% 7.99% 8.54% 8.97% 6.23% 3.99% 7.83% 6.12% 4.59% 0.15% 2.23%
Debt-free Net Working Capital to Revenue
10.53% 8.86% 10.10% 10.27% 7.48% 5.03% 9.37% 7.22% 6.76% 0.91% 8.68%
Net Working Capital to Revenue
-14.08% -15.53% -11.73% -9.73% -17.49% -21.11% -12.45% -20.02% -22.73% -29.26% -20.77%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.59 $3.07 $1.44 $1.13 $1.60 $1.53 $1.76 $1.25 $1.81 $1.49 $1.97
Adjusted Weighted Average Basic Shares Outstanding
771M 771M 771M 772M 772M 772M 777M 777M 778M 777M 778M
Adjusted Diluted Earnings per Share
$1.59 ($4.09) $1.44 $1.13 $1.60 ($4.16) $1.76 $1.25 $1.81 ($4.82) $1.97
Adjusted Weighted Average Diluted Shares Outstanding
771M 771M 771M 772M 773M 772M 777M 777M 778M 777M 779M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $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
860.38M 860.47M 861.43M 861.86M 862.15M 866.12M 866.92M 867.29M 867.32M 867.33M 869.26M
Normalized Net Operating Profit after Tax (NOPAT)
2,130 1,660 1,691 1,516 1,893 1,938 2,055 1,627 2,067 1,872 1,930
Normalized NOPAT Margin
26.65% 23.01% 22.05% 21.14% 23.21% 26.33% 24.91% 21.67% 24.20% 23.58% 21.03%
Pre Tax Income Margin
18.95% 17.43% 17.36% 14.93% 17.82% 18.18% 19.36% 15.01% 19.08% 17.11% 20.67%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
2.90 2.55 2.61 2.27 2.65 2.61 2.78 2.24 2.79 2.42 2.95
NOPAT to Interest Expense
2.65 2.11 2.08 1.80 2.18 2.23 2.32 1.82 2.31 1.99 2.32
EBIT Less CapEx to Interest Expense
-1.01 -1.58 -1.32 -1.36 -0.78 -0.88 -0.76 -1.41 -1.04 -1.96 -1.27
NOPAT Less CapEx to Interest Expense
-1.26 -2.02 -1.84 -1.83 -1.24 -1.26 -1.22 -1.83 -1.52 -2.39 -1.90
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
264.59% 112.87% 99.11% 73.55% 73.40% 69.64% 65.95% 65.27% 63.96% 65.08% 63.75%
Augmented Payout Ratio
264.59% 112.87% 99.11% 73.55% 73.40% 69.64% 65.95% 65.27% 63.96% 65.08% 63.75%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, four-year trend snapshot for Duke Energy (DUK) based on the provided quarterly income statements, cash flow statements, and balance sheets. The bullets highlight key trends that retail investors may care about, organized with positive items first, then neutral, then negative.

  • Revenue uplift in 2025: Q4 2025 Operating Revenue was about $7.94B, higher than Q4 2024 (~$7.36B) and continuing the uptrend into 2025.
  • Profitability improving at the bottom line: Net income attributable to common shareholders rose to about $1.17B in Q4 2025, up from roughly $0.99B in Q4 2024 (and higher in Q3 2025).
  • Cash generation improving in late 2025: Net cash from continuing operating activities reached about $3.71B in Q4 2025, signaling stronger quarterly cash generation.
  • High capital expenditure drives cash outflows: Quarterly purchases of property, plant & equipment are substantial (roughly $3.1B–$4.1B across 2025), contributing to negative free cash flow in many periods.
  • Debt load remains large and ongoing: Long-term debt sits near $79B with quarterly interest expense around $0.8B–$0.9B, indicating a sustained leverage burden.
  • Steady though sizable dividend activity: Duke typically pays roughly $0.8B–$0.85B in quarterly dividends, providing income to shareholders but reducing cash on hand.
  • Strong asset base with ongoing infrastructure investment: PPE net around $126–$126.7B in mid-2025 and total assets near $192B, reflecting continued investment in reliability and capacity.
  • Negative free cash flow in most quarters: Free cash flow (CFO minus capex) was often negative in 2025 (for example, about -$0.97B in Q1 2025, -$0.42B in Q2 2025, and -$0.44B in Q4 2025), underscoring ongoing capex funding needs.
  • Cash balance and cash flow occasionally shrink: Net change in cash and equivalents was negative in several periods, indicating cash outflows exceeding inflows during those quarters.
  • Perhaps anomalous EPS in some quarters: Diluted earnings per share shows negative values in at least one quarter (for example, Q4 2025 Diluted EPS around -4.82), highlighting quarter-specific accounting effects or charges.
05/11/26 01:06 PM ETAI Generated. May Contain Errors.

Duke Energy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Duke Energy's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Duke Energy's net income appears to be on an upward trend, with a most recent value of $5.07 billion in 2025, rising from $2.83 billion in 2015. The previous period was $4.61 billion in 2024. See Duke Energy's forecast for analyst expectations on what's next for the company.

Duke Energy's total operating income in 2025 was $8.63 billion, based on the following breakdown:
  • Total Gross Profit: $16.50 billion
  • Total Operating Expenses: $7.87 billion

Over the last 10 years, Duke Energy's total revenue changed from $22.37 billion in 2015 to $32.24 billion in 2025, a change of 44.1%.

Duke Energy's total liabilities were at $142.72 billion at the end of 2025, a 5.6% increase from 2024, and a 2,865.9% increase since 2015.

In the past 10 years, Duke Energy's cash and equivalents has ranged from $0.00 in 2015 to $442 million in 2018, and is currently $245 million as of their latest financial filing in 2025.

Over the last 10 years, Duke Energy's book value per share changed from 72.88 in 2015 to 58.65 in 2025, a change of -19.5%.



Financial statements for NYSE:DUK last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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