FirmAtlas
Company handbook · DUK · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
DUK · CIK 1326160 · LATEST FILING: 10-Q JUN '26 · FILED AUG 4, 2026
DUKE ENERGY CORPORATION
$121.47
+2.59 (+2.18%)
Close, Oct 16, 2026 · 52-week $112–134
Last fiscal year
DUKE ENERGY CORPORATION reported revenue of $31.7B for the year ended Dec 31, 2025 (FY25), up 5.6% from FY24. Net income was $5.0B, operating cash flow $12.3B and free cash flow −$1.7B. Source: 10-K filed Feb 26, 2026.
Market cap
$94.5B
P/E
18.4
EV/EBITDA
11.3x
P/B
1.7
Div yield
3.52%
ROIC
5.6%
Revenue 1Y
5.6%/yr
EPS 1Y
10.5%/yr
Shares 1Y
+0.3%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOHarry K. Sideris
HQCharlotte, NC
AuditorDeloitte & Touche LLP
Employees26,441
Year endsDecember
Revenue by segment · FY25
Electric Utilitiesand Infrastructure91%
Gas Utilitiesand Infrastructure9%
All Other Segments0%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
4.6%
3.9%
10.7%
−4.7%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$32.8B deployed
Capex
$26.3B
80.2%
Dividends
$6.5B
19.8%
Operating cash flow over the period: $24.7B. Total debt changed by +$5.6B.
Capex was more than operating cash flow in FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Mar '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
30,050
31,741+5.6%
32,518
YoY
+5.6%
Operating income
7,926
8,626+8.8%
9,008
Operating margin
26.4%
27.2%+0.8 pp
—
EBITDA
14,345
16,330+13.8%
—
EBITDA margin
47.7%
51.4%+3.7 pp
—
Interest expense
3,384
3,634+7.4%
—
Interest coverage
4.24x
4.49x+0.25x
—
Net income
4,524
4,968+9.8%
5,139
YoY
+9.8%
Net margin
15.1%
15.7%+0.6 pp
—
EPS (diluted, $)
5.71
6.31+10.5%
6.55
YoY
+10.5%
Balance sheet
Total assets
186,343
195,736+5.0%
198,048
Cash & short-term investments
421
363−13.8%
—
Accounts receivable
1,889
16−99.2%
—
Net PP&E
121,626
129,959+6.9%
—
Other assets
62,407
65,398+4.8%
—
Total liabilities
136,216
143,894+5.6%
143,591
Accounts payable
5,436
5,223−3.9%
—
Total debt
84,273
89,836+6.6%
82,850
Other liabilities
46,507
48,835+5.0%
—
Shareholders’ equity
50,127
51,842+3.4%
54,457
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
12,328
12,330+0.0%
11,665
Net income
4,614
5,071+9.9%
—
Depreciation & amortization
6,419
7,704+20.0%
—
Stock-based compensation
96
102+6.2%
—
Working capital & other
1,199
(547)−145.6%
—
Cash from investing
(13,123)
(14,338)n/m
—
Capex
(12,280)
(14,024)n/m
—
Investments bought
(5,703)
(8,888)n/m
—
Investments sold / matured
5,803
9,005+55.2%
—
Other investing
(943)
(431)n/m
—
Cash from financing
859
1,950+127.0%
—
Debt raised
8,956
11,891+32.8%
—
Debt repaid
(3,357)
(5,652)n/m
—
Dividends
(3,213)
(3,300)n/m
—
Shares issued
405
16−96.0%
—
Other financing
(1,932)
(1,005)n/m
—
Net change in cash
64
(58)−190.6%
—
Free cash flow (OCF − capex)
48
(1,694)−3629.2%
(3,299)
Where the cash went
Operating cash flow
12,328
12,330+0.0%
11,665
Reinvested in the business
12,280
14,024+14.2%
—
% of operating cash flow
99.6%
113.7%
Capex
12,280
14,024+14.2%
14,964
Free cash flow
48
(1,694)−3629.2%
(3,299)
YoY
−3629.2%
Returned to shareholders
3,213
3,300+2.7%
—
% of free cash flow
6693.8%
—
Dividends
3,213
3,300+2.7%
—
Change in total debt
—
5,563
—
Cash left over
—
569
—
FCF conversion (FCF ÷ net income)
1.1%
−34.1%−35.2 pp
—
Owner earnings
—
308
—
Owner earnings margin
—
1.0%
—
Returns & ratios
ROIC (all capital)
5.2%
5.6%+0.3 pp
—
ROIC (operating)
5.9%
6.3%+0.4 pp
—
Net debt / EBITDA
5.85x
5.48x−0.37x
—
Debt / equity
1.68x
1.73x+0.05x
—
ROE
9.0%
9.6%+0.6 pp
—
ROA
2.4%
2.5%+0.1 pp
—
ROCE
4.7%
4.9%+0.2 pp
—
NOPAT
7,026
7,656+9.0%
—
Invested capital (operating)
118,079
124,752+5.7%
—
Invested capital (all)
133,979
141,315+5.5%
—
Reinvestment rate
—
87.2%
—
Net debt is 5.5x EBITDA (FY25).
Income
Jun '25
Sep '25
Dec '25
Mar '26
Revenue
7,373
8,377
7,773
8,995
vs year-ago quarter
Operating income
1,830
2,334
2,119
2,725
Net income
984
1,421
1,184
1,550
vs year-ago quarter
Net margin
13.3%
17.0%
15.2%
17.2%
EPS (diluted, $)
1.25
1.81
1.52
1.97
vs year-ago quarter
Balance sheet
Jun '25
Sep '25
Dec '25
Mar '26
Total assets
189,713
192,293
195,736
198,048
Cash & equivalents
442
739
363
2,252
Total debt
82,387
82,186
89,836
82,850
Shareholders’ equity
50,891
51,462
51,842
54,457
Cash flow
Jun '25
Sep '25
Dec '25
Mar '26
Operating cash flow
2,863
3,632
3,658
1,512
Capex
3,280
3,453
4,143
4,088
Free cash flow
(417)
179
(485)
(2,576)
vs year-ago quarter