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Duke Energy

DUK Clue Score40
United States Fiscal year ends December CIK 0001326160
$116.65 -0.16% Close, 9 Oct 2026
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Price $116.65 +16.99% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue22.74Operating income5.20Net income2.15EPS, diluted3.11Fiscal year 2017Operating income5.63Net income3.06 +42.1%EPS, diluted4.36 +40.2%Fiscal year 2018Revenue23.76Operating income4.69Net income2.67 −12.8%EPS, diluted3.76 −13.8%Fiscal year 2019Revenue24.35 +2.5%Operating income5.71Net income3.75 +40.6%EPS, diluted5.06 +34.6%Fiscal year 2020Revenue23.25 −4.5%Operating income4.57Net income1.38 −63.3%EPS, diluted1.72 −66.0%Fiscal year 2021Revenue24.49 +5.3%Operating income5.50Net income3.91 +183.8%EPS, diluted4.94 +187.2%Fiscal year 2022Revenue28.68 +17.1%Operating income6.01Net income2.55 −34.7%EPS, diluted3.17 −35.8%Fiscal year 2023Revenue28.67 −0.0%Operating income7.07Net income2.84 +11.4%EPS, diluted3.54 +11.7%Fiscal year 2024Revenue30.05 +4.8%Operating income7.93Net income4.52 +59.2%EPS, diluted5.71 +61.3%Fiscal year 2025Revenue31.74 +5.6%Operating income8.63Net income4.97 +9.8%EPS, diluted6.31 +10.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 22.74 n/a 23.76 24.35 23.25 24.49 28.68 28.67 30.05 31.74
Growth +2.5% −4.5% +5.3% +17.1% −0.0% +4.8% +5.6%
Operating income 5.20 5.63 4.69 5.71 4.57 5.50 6.01 7.07 7.93 8.63
Net income 2.15 3.06 2.67 3.75 1.38 3.91 2.55 2.84 4.52 4.97
Growth +42.1% −12.8% +40.6% −63.3% +183.8% −34.7% +11.4% +59.2% +9.8%
EPS, diluted 3.11 4.36 3.76 5.06 1.72 4.94 3.17 3.54 5.71 6.31
Growth +40.2% −13.8% +34.6% −66.0% +187.2% −35.8% +11.7% +61.3% +10.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin22.9%Net margin9.5%Free cash flow margin−4.6%Fiscal year 2017Fiscal year 2018Operating margin19.7%Net margin11.2%Free cash flow margin−9.3%Fiscal year 2019Operating margin23.4%Net margin15.4%Free cash flow margin−12.0%Fiscal year 2020Operating margin19.7%Net margin5.9%Free cash flow margin−4.5%Fiscal year 2021Operating margin22.5%Net margin16.0%Free cash flow margin−5.8%Fiscal year 2022Operating margin21.0%Net margin8.9%Free cash flow margin−19.0%Fiscal year 2023Operating margin24.7%Net margin9.9%Free cash flow margin−9.5%Fiscal year 2024Operating margin26.4%Net margin15.1%Free cash flow margin0.2%Fiscal year 2025Operating margin27.2%Net margin15.7%Free cash flow margin−5.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 22.9% n/a 19.7% 23.4% 19.7% 22.5% 21.0% 24.7% 26.4% 27.2%
Net margin 9.5% n/a 11.2% 15.4% 5.9% 16.0% 8.9% 9.9% 15.1% 15.7%
Free cash flow margin −4.6% n/a −9.3% −12.0% −4.5% −5.8% −19.0% −9.5% 0.2% −5.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow6.86Capital expenditure−7.90Free cash flow−1.04Dividends paid−2.33Fiscal year 2017Operating cash flow6.62Capital expenditure−8.05Free cash flow−1.43Dividends paid−2.45Fiscal year 2018Operating cash flow7.19Capital expenditure−9.39Free cash flow−2.20Dividends paid−2.47Fiscal year 2019Operating cash flow8.21Capital expenditure−11.12Free cash flow−2.91Dividends paid−2.67Fiscal year 2020Operating cash flow8.86Capital expenditure−9.91Free cash flow−1.05Dividends paid−2.81Fiscal year 2021Operating cash flow8.29Capital expenditure−9.72Free cash flow−1.43Dividends paid−3.11Fiscal year 2022Operating cash flow5.93Capital expenditure−11.37Free cash flow−5.44Dividends paid−3.18Fiscal year 2023Operating cash flow9.88Capital expenditure−12.60Free cash flow−2.73Fiscal year 2024Operating cash flow12.33Capital expenditure−12.28Free cash flow0.05Fiscal year 2025Operating cash flow12.33Capital expenditure−14.02Free cash flow−1.69 −3,629.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 6.86 6.62 7.19 8.21 8.86 8.29 5.93 9.88 12.33 12.33
Capital expenditure −7.90 −8.05 −9.39 −11.12 −9.91 −9.72 −11.37 −12.60 −12.28 −14.02
Free cash flow −1.04 −1.43 −2.20 −2.91 −1.05 −1.43 −5.44 −2.73 0.05 −1.69
Growth −3,629.2%
Dividends paid −2.33 −2.45 −2.47 −2.67 −2.81 −3.11 −3.18 n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.39Total debt47.90Net cash (debt)−47.50Shareholders’ equity41.03Debt to equity1.17Fiscal year 2017Cash0.36Total debt52.28Net cash (debt)−51.92Shareholders’ equity41.74Debt to equity1.25Fiscal year 2018Cash0.44Total debt54.53Net cash (debt)−54.09Shareholders’ equity43.82Debt to equity1.24Fiscal year 2019Cash0.31Total debt58.13Net cash (debt)−57.82Shareholders’ equity46.82Debt to equity1.24Fiscal year 2020Cash0.26Total debt59.86Net cash (debt)−59.60Shareholders’ equity47.96Debt to equity1.25Fiscal year 2021Cash0.34Total debt63.84Net cash (debt)−63.49Shareholders’ equity49.30Debt to equity1.29Fiscal year 2022Cash0.41Total debt69.75Net cash (debt)−69.34Shareholders’ equity49.32Debt to equity1.41Fiscal year 2023Cash0.25Total debt75.25Net cash (debt)−75.00Shareholders’ equity49.11Debt to equity1.53Fiscal year 2024Cash0.31Total debt80.69Net cash (debt)−80.38Shareholders’ equity50.13Debt to equity1.61Fiscal year 2025Cash0.25Total debt87.21Net cash (debt)−86.97Shareholders’ equity51.84Debt to equity1.68
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.39 0.36 0.44 0.31 0.26 0.34 0.41 0.25 0.31 0.25
Total debt 47.90 52.28 54.53 58.13 59.86 63.84 69.75 75.25 80.69 87.21
Net cash (debt) −47.50 −51.92 −54.09 −57.82 −59.60 −63.49 −69.34 −75.00 −80.38 −86.97
Shareholders’ equity 41.03 41.74 43.82 46.82 47.96 49.30 49.32 49.11 50.13 51.84
Debt to equity 1.17 1.25 1.24 1.24 1.25 1.29 1.41 1.53 1.61 1.68

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
22.74 n/a 23.76 24.35 23.25 24.49 28.68 28.67 30.05 31.74
Growth +2.5% −4.5% +5.3% +17.1% −0.0% +4.8% +5.6%
6.63 6.35 6.83 6.83 n/a n/a n/a n/a n/a n/a
5.20 5.63 4.69 5.71 4.57 5.50 6.01 7.07 7.93 8.63
Growth +8.1% −16.7% +21.9% −19.9% +20.3% +9.3% +17.6% +12.1% +8.8%
3.73 4.27 3.07 4.10 0.92 3.99 4.08 4.77 5.19 5.71
1.16 1.20 0.45 0.52 −0.17 0.27 0.30 0.44 0.59 0.64
2.15 3.06 2.67 3.75 1.38 3.91 2.55 2.84 4.52 4.97
Growth +42.1% −12.8% +40.6% −63.3% +183.8% −34.7% +11.4% +59.2% +9.8%
Per share
3.11 4.36 3.76 5.06 1.72 4.94 3.17 3.54 5.71 6.31
3.11 4.36 3.76 5.06 1.72 4.94 3.17 3.54 5.71 6.31
Growth +40.2% −13.8% +34.6% −66.0% +187.2% −35.8% +11.7% +61.3% +10.5%
691.0 700.0 708.0 729.0 737.0 769.0 770.0 771.0 772.0 777.0
691.0 700.0 708.0 729.0 738.0 769.0 770.0 771.0 772.0 777.0
Growth +1.3% +1.1% +3.0% +1.2% +4.2% +0.1% +0.1% +0.1% +0.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 6.4% a year over five years, and earnings per share grew 29.7% a year.
  • The diluted share count rose 5.3% in five years, which is dilution.
  • Operating margin is up 7.5 points on five years ago, at 27.2%.
  • Profitable in every one of the 10 years on file.