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DUK Duke Energy CORP

NYSEUtilitiesElectric & Other Services CombinedCharlotte, NCFY ends December 31

Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2025 10-K filed Feb 26, 2026

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$31.7BYoYup 5.63%ended Dec 31, 2025
Net income
$4.97B15.7% margin
Diluted EPS
$6.31YoYup 10.51%
Free cash flow
-$1.69B-5.3% margin
Cash
$245MNet debt $89.6B
Total debt
$89.8BD/E 1.73×
About Duke Energy CORP

Overview

Duke Energy CORP (DUK) is listed on NYSE; the SEC classifies it under "Electric & Other Services Combined".

For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $31.74B, up 5.6% from fiscal 2024.

Net income was $4.97B, a net margin of 15.7%.

At fiscal year end it had total assets of $195.74B and stockholders' equity of $51.84B (26.5% of assets).

Fiscal years shown
FY2016–FY2025 (10 years)
Latest 10-K
Feb 26, 2026
Latest filing
8-KSep 25, 2026
FY2016–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2016 to FY2025.
PeriodRevenueNet incomeNet margin
FY2016$22.7B$2.15B9.5%
FY2017—$3.06B—
FY2018$23.8B$2.67B11.2%
FY2019$24.3B$3.75B15.4%
FY2020$23.5B$1.38B5.9%
FY2021$24.7B$3.91B15.8%
FY2022$28.7B$2.55B8.9%
FY2023$28.7B$2.84B9.9%
FY2024$30.1B$4.52B15.1%
FY2025$31.7B$4.97B15.7%

Gross, operating and net margin

Gross, operating and net margin, fiscal years FY2016 to FY2025.
PeriodGross marginOperating marginNet margin
FY2016—23.5%9.5%
FY2017———
FY201871.2%19.7%11.2%
FY201972.0%23.4%15.4%
FY2020—19.4%5.9%
FY2021—21.8%15.8%
FY2022—21.0%8.9%
FY2023—24.7%9.9%
FY2024—26.4%15.1%
FY2025—27.2%15.7%

Diluted EPS

Diluted EPS, fiscal years FY2016 to FY2025.
PeriodEPS (diluted)
FY2016$3.11
FY2017$4.36
FY2018$3.76
FY2019—
FY2020—
FY2021$4.94
FY2022$3.17
FY2023$3.54
FY2024$5.71
FY2025$6.31

Free cash flow vs net income

Free cash flow vs net income, fiscal years FY2016 to FY2025.
PeriodFree cash flowNet income
FY2016-$1.1B$2.15B
FY2017-$1.42B$3.06B
FY2018-$2.2B$2.67B
FY2019-$2.91B$3.75B
FY2020-$1.05B$1.38B
FY2021-$1.43B$3.91B
FY2022-$5.44B$2.55B
FY2023-$2.73B$2.84B
FY2024$48M$4.52B
FY2025-$1.69B$4.97B

Diluted shares

Diluted shares, fiscal years FY2016 to FY2025.
PeriodDiluted shares (weighted)
FY2016691M
FY2017700M
FY2018708M
FY2019—
FY2020738M
FY2021769M
FY2022770M
FY2023771M
FY2024772M
FY2025777M

Cash vs total debt

Cash vs total debt, fiscal years FY2016 to FY2025.
PeriodCash & equivalentsTotal debt
FY2016$392M$50.4B
FY2017$358M$54.4B
FY2018$442M$57.9B
FY2019$311M$61.3B
FY2020$259M$62.7B
FY2021$343M$67.1B
FY2022$409M$75.2B
FY2023$253M$79.5B
FY2024$314M$84.3B
FY2025$245M$89.8B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Operating margin
27.2%
Net margin
15.7%
FCF margin
-5.3%
Return on equity
9.7%
Return on assets
2.6%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR9y CAGR
Revenueup 5.63%up 3.44%up 6.21%—
EPS (diluted)up 10.51%up 25.79%—up 8.18%
Free cash flowdown 3,629.17%———
Change in share count
+0.65%

Financial strength

Current ratio
0.55×
Debt / equity
1.73×
Net debt
$89.6B
Interest coverage
2.37×
Equity / assets
26.5%

Shareholder returns

Dividends per share
$4.22
Dividends paid
—
Payout ratio
—
Stock comp. / revenue
0.3%
Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

6 of 8 checks passed

FY2025 vs FY2024

Partial: 8 of 9 checks could be computed.

  • PassPositive return on assets2.7%
  • PassPositive operating cash flow$12.3B
  • PassReturn on assets improved2.7% vs 2.6%
  • PassOperating cash flow above net income6.6% vs 2.7%
  • PassLong-term debt / assets fell40.9% vs 41.0%
  • FailCurrent ratio improved0.55× vs 0.67×
  • FailNo increase in share count777M vs 772M
  • —Not computableGross margin improved—
  • PassAsset turnover improved0.17× vs 0.17×

Altman Z''-Score

Needs current assets and liabilities, retained earnings, operating income, total assets, liabilities and equity from the latest 10-K.

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Revenue31,74130,05028,67428,67524,70323,48024,34823,757—22,743
YoY (Revenue)+5.63%+4.80%-0.00%+16.08%+5.21%-3.56%+2.49%———
Gross profit——————17,52216,926——
Operating income8,6267,9267,0706,0125,3734,5535,7094,6855,7815,341
Interest expense3,6343,3843,0142,4392,2802,1622,2042,0941,9861,916
Pretax income5,7125,1944,7674,0783,7648394,0973,0734,2663,734
Income tax642590438300192-2365194481,1961,156
Net income4,9684,5242,8412,5503,9081,3773,7482,6663,0592,152
YoY (Net income)+9.81%+59.24%+11.41%-34.75%+183.81%-63.26%+40.59%-12.85%+42.15%—
EPS (basic)6.315.713.543.174.94——3.764.363.11
EPS (diluted)6.315.713.543.174.94——3.764.363.11
YoY (EPS (diluted))+10.51%+61.30%+11.67%-35.83%———-13.76%+40.19%—
Diluted shares (weighted)777772771770769738—708700691

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Cash & equivalents245314253409343259311442358392
Receivables161,8893,0193,1062,4372,1441,9942,1721,995—
Current assets11,61312,95012,76913,2229,9408,6829,1639,7148,4538,039
Goodwill19,01019,30319,30319,30319,30319,30319,30319,30319,39619,425
Total assets195,736186,343176,893178,086169,587162,388158,838145,392137,914132,761
Current liabilities21,04719,35717,28318,87315,93116,30514,75215,04112,48211,551
Short-term debt9,7287,9337,0888,1066,6917,1116,2766,8165,4074,806
Long-term debt80,10876,34072,45267,06160,44855,62554,98551,12349,03545,576
Retained earnings5,0563,4312,2352,6373,2652,4714,1083,1133,0132,384
Stockholders' equity51,84250,12749,11249,32249,29647,96446,82243,81741,73941,033
Shares outstanding778776771770769769733727700700

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Operating cash flow12,33012,3289,8785,9278,2908,8568,2097,1866,6346,798
Capital expenditures14,02412,28012,60411,3679,7159,90711,1229,3898,0527,901
Free cash flow-1,69448-2,726-5,440-1,425-1,051-2,913-2,203-1,418-1,103
YoY (Free cash flow)-3,629.17%—————————
Depreciation & amortization7,7046,4196,0845,8435,6635,4865,1764,6964,0463,880
Stock-based compensation1029697100888489786855
Dividends paid———3,1793,1142,8122,6682,4712,4502,332
Dividends per share4.224.144.063.983.903.823.753.643.49—
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$6.31
Revenue per share
$40.85
FCF per share
-$2.18
Book value per share
$66.72
Tangible book per share
$42.25
Cash per share
$0.32
Dividends per share
$4.22
Public floatas of Jun 30, 2025
$91.7B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 8-K
    Current report· Sep 24, 2026(SEC EDGAR)
    • 5.02Officer or director changes
    • 8.01Other events
    • 9.01Financial statements and exhibits
  2. 8-K
    Current report· Aug 10, 2026(SEC EDGAR)
    • 8.01Other events
    • 9.01Financial statements and exhibits
  3. 8-K
    Current report· Aug 5, 2026(SEC EDGAR)
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  4. 10-Q
    Quarterly report· Jun 30, 2026(SEC EDGAR)
  5. 8-K
    Current report· Aug 4, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  6. 8-K
    Current report· Jul 17, 2026(SEC EDGAR)
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  7. 8-K
    Current report· Jul 2, 2026(SEC EDGAR)
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  8. 8-K
    Current report· May 7, 2026(SEC EDGAR)
    • 5.07Shareholder vote results
    • 9.01Financial statements and exhibits
  9. 10-Q
    Quarterly report· Mar 31, 2026(SEC EDGAR)
  10. 8-K
    Current report· May 5, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
All filings on SEC EDGAR

Frequently asked questions

What does Duke Energy CORP do?

The SEC classifies Duke Energy CORP under Standard Industrial Classification (SIC) code 4931, "Electric & Other Services Combined". It is headquartered in Charlotte, NC. It is incorporated in DE. In fiscal 2025 it reported revenue of $31.74B and net income of $4.97B in its annual 10-K report.

What was Duke Energy CORP's revenue in 2025?

Duke Energy CORP reported revenue of $31.74B for fiscal 2025, which ended Dec 31, 2025, up 5.6% from $30.05B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 26, 2026.

What was Duke Energy CORP's net income in 2025?

Duke Energy CORP reported net income of $4.97B for fiscal 2025, a net margin of 15.7% of revenue.

Where is Duke Energy CORP listed?

According to the SEC, Duke Energy CORP's ticker DUK is listed on NYSE. The SEC also lists the tickers DUKB, DUK-PA and DUKU for the company.

When does Duke Energy CORP's fiscal year end?

According to the SEC, Duke Energy CORP's fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.