NYSE : DUK
Duke Energy Corporation — Financial statements
Utilities · Utilities - Regulated Electric · United States
Last price 127.39 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 99.33B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Duke Energy Corporation (DUK) reported revenue of 32.80B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 32.80B | 31.79B | 29.93B | 28.60B | 28.32B | 24.20B |
| Fuel & Purchased Power | 8.41B | 8.06B | 9.21B | 9.09B | 8.78B | 6.25B |
| Operations & Maintenance | 6.68B | 6.70B | 5.37B | 5.51B | 5.57B | 5.59B |
| Depreciation & Amortization | 6.62B | 6.32B | 5.79B | 5.25B | 5.09B | 4.75B |
| Other Operating Expenses | 2.22B | 2.13B | 1.61B | 1.53B | 2.29B | 1.64B |
| Total Operating Expenses | 23.93B | 23.21B | 21.97B | 21.38B | 21.73B | 18.23B |
| Operating Income | 8.87B | 8.58B | 7.96B | 7.22B | 6.58B | 5.97B |
| Interest Expense | -3.77B | -3.63B | -3.38B | -3.01B | -2.44B | -2.21B |
| Interest Income | 51.00M | 51.00M | 63.00M | 29.00M | 27.00M | 13.00M |
| Net Interest Expense | -3.72B | -3.58B | -3.32B | -2.98B | -2.41B | -2.19B |
| Income (Loss) on Equity Investments | 46.00M | 51.00M | -9.00M | 113.00M | 113.00M | 62.00M |
| Allowance for Equity Funds for Construction | 328.00M | 328.00M | 233.00M | 198.00M | 197.00M | 171.00M |
| Other Non-Operating Income (Expenses) | 311.00M | 290.00M | 368.00M | 371.00M | 168.00M | 452.00M |
| EBT Excluding Unusual Items | 5.83B | 5.66B | 5.23B | 4.92B | 4.65B | 4.46B |
| Restructuring Charges | -15.00M | -15.00M | -42.00M | -167.00M | -208.00M | -261.00M |
| Gain (Loss) on Sale of Assets | 393.00M | 45.00M | 26.00M | 52.00M | 22.00M | 12.00M |
| Asset Writedown | -27.00M | 19.00M | 4.00M | -36.00M | -362.00M | -220.00M |
| Legal Settlements | -25.00M | |||||
| Other Unusual Items | -27.00M | |||||
| Pretax Income | 6.19B | 5.71B | 5.19B | 4.77B | 4.08B | 3.99B |
| Income Tax Expense | 823.00M | 642.00M | 590.00M | 438.00M | 300.00M | 268.00M |
| Earnings From Continuing Ops. | 5.37B | 5.07B | 4.60B | 4.33B | 3.78B | 3.72B |
| Earnings From Discontinued Ops. | 15.00M | 1.00M | 10.00M | -1.46B | -1.32B | -144.00M |
| Net Income to Company | 5.38B | 5.07B | 4.61B | 2.87B | 2.46B | 3.58B |
| Minority Interest in Earnings | -135.00M | -103.00M | -90.00M | -33.00M | 95.00M | 329.00M |
| Net Income | 5.25B | 4.97B | 4.52B | 2.84B | 2.55B | 3.91B |
| Preferred Dividends & Other Adjustments | 64.00M | 62.00M | 114.00M | 112.00M | 106.00M | 109.00M |
| Net Income to Common | 5.18B | 4.91B | 4.41B | 2.73B | 2.44B | 3.80B |
| Shares Outstanding (Basic) | 778.00M | 777.00M | 772.00M | 771.00M | 770.00M | 769.00M |
| Shares Outstanding (Diluted) | 778.00M | 777.00M | 772.00M | 771.00M | 770.00M | 769.00M |
| EPS (Basic) | 6.66 | 6.31 | 5.71 | 3.54 | 3.17 | 4.94 |
| EPS (Diluted) | 6.66 | 6.31 | 5.71 | 3.54 | 3.17 | 4.94 |
| Free Cash Flow | -4.27B | -1.69B | 48.00M | -2.73B | -5.44B | -1.43B |
| Free Cash Flow Per Share | -5.49 | -2.18 | 0.06 | -3.54 | -7.07 | -1.85 |
| Dividend Per Share | 4.26 | 4.22 | 4.14 | 4.06 | 3.98 | 3.90 |
| Profit Margin | 15.80% | 15.43% | 14.73% | 9.54% | 8.63% | 15.70% |
| Free Cash Flow Margin | -13.03% | -5.33% | 0.16% | -9.53% | -19.21% | -5.89% |
| EBITDA | 16.62B | 16.28B | 14.38B | 13.30B | 12.43B | 11.63B |
| EBITDA Margin | 50.66% | 51.21% | 48.04% | 46.52% | 43.89% | 48.06% |
| D&A For EBITDA | 7.75B | 7.70B | 6.42B | 6.08B | 5.84B | 5.66B |
| EBIT | 8.87B | 8.58B | 7.96B | 7.22B | 6.58B | 5.97B |
| EBIT Margin | 27.04% | 26.98% | 26.60% | 25.25% | 23.25% | 24.66% |
| Effective Tax Rate | 13.30% | 11.24% | 11.36% | 9.19% | 7.36% | 6.71% |
| Revenue as Reported | 33.25B | 32.24B | 30.36B | 29.06B | 28.77B | 24.62B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 673.00M | 245.00M | 314.00M | 253.00M | 409.00M | 341.00M |
| Accounts Receivable | 4.48B | 4.23B | 4.06B | 4.13B | 4.42B | 3.52B |
| Other Receivables | 551.00M | |||||
| Inventory | 4.67B | 4.57B | 4.50B | 4.29B | 3.58B | 3.11B |
| Restricted Cash | 142.00M | 84.00M | 84.00M | 76.00M | 82.00M | 170.00M |
| Other Current Assets | 3.19B | 2.48B | 3.45B | 4.02B | 4.73B | 2.80B |
| Total Current Assets | 13.15B | 11.61B | 12.95B | 12.77B | 13.22B | 9.94B |
| Property, Plant & Equipment | 136.40B | 129.40B | 121.08B | 114.90B | 111.39B | 105.29B |
| Net Nuclear Fuel | 1.80B | 1.69B | 1.51B | 1.40B | 1.38B | |
| Regulatory Assets | 14.41B | 14.38B | 14.22B | 13.62B | 14.64B | 12.49B |
| Goodwill | 19.01B | 19.01B | 19.01B | 19.30B | 19.30B | 19.30B |
| Other Intangible Assets | 236.00M | |||||
| Long-Term Investments | 332.00M | 330.00M | 353.00M | 492.00M | 455.00M | 457.00M |
| Other Long-Term Assets | 17.79B | 19.20B | 17.04B | 14.30B | 17.67B | 20.49B |
| Total Assets | 201.09B | 195.74B | 186.34B | 176.89B | 178.09B | 169.59B |
| Accounts Payable | 4.94B | 5.22B | 5.44B | 4.23B | 4.75B | 3.53B |
| Accrued Expenses | 899.00M | 922.00M | 854.00M | 745.00M | 626.00M | 1.45B |
| Short-Term Debt | 2.33B | 2.62B | 3.58B | 4.29B | 3.95B | 3.30B |
| Current Portion of Long-Term Debt | 6.67B | 7.05B | 4.30B | 2.69B | 3.73B | 3.24B |
| Current Portion of Leases | 293.00M | 254.00M | 303.00M | 332.00M | 335.00M | |
| Current Income Taxes Payable | 1.03B | 975.00M | 851.00M | 816.00M | 722.00M | 731.00M |
| Other Current Liabilities | 4.02B | 3.96B | 4.08B | 4.22B | 4.76B | 3.34B |
| Total Current Liabilities | 19.89B | 21.05B | 19.36B | 17.28B | 18.87B | 15.93B |
| Long-Term Debt | 82.24B | 79.59B | 75.82B | 71.93B | 65.26B | 59.68B |
| Long-Term Leases | 968.00M | 1.55B | 1.48B | 1.44B | 1.49B | 1.70B |
| Pension & Post-Retirement Benefits | 348.00M | 396.00M | 434.00M | 485.00M | 832.00M | 855.00M |
| Long-Term Deferred Tax Liabilities | 14.32B | 13.35B | 12.32B | 11.42B | 10.81B | 10.21B |
| Other Long-Term Liabilities | 26.46B | 26.79B | 25.68B | 24.15B | 28.97B | 30.07B |
| Total Liabilities | 144.23B | 142.72B | 135.09B | 126.71B | 126.23B | 118.45B |
| Preferred Stock, Redeemable | 973.00M | 973.00M | 973.00M | 1.96B | 1.96B | 1.96B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 47.56B | 45.61B | 45.49B | 44.92B | 44.86B | 44.37B |
| Retained Earnings | 6.00B | 5.06B | 3.43B | 2.23B | 2.64B | 3.27B |
| Comprehensive Income & Other | 209.00M | 198.00M | 228.00M | -6.00M | -140.00M | -303.00M |
| Total Common Equity | 53.78B | 50.87B | 49.15B | 47.15B | 47.36B | 47.33B |
| Minority Interest | 2.11B | 1.18B | 1.13B | 1.07B | 2.53B | 1.84B |
| Shareholders' Equity | 56.86B | 53.02B | 51.26B | 50.19B | 51.85B | 51.14B |
| Total Liabilities & Equity | 201.09B | 195.74B | 186.34B | 176.89B | 178.09B | 169.59B |
| Total Debt | 92.21B | 91.11B | 85.44B | 80.64B | 74.76B | 68.26B |
| Net Cash (Debt) | -91.53B | -90.86B | -85.12B | -80.39B | -74.35B | -67.92B |
| Net Cash Per Share | -117.65 | -116.94 | -110.26 | -104.27 | -96.56 | -88.33 |
| Filing Date Shares Outstanding | 779.70M | 777.67M | 776.46M | 770.81M | 770.08M | 769.36M |
| Total Common Shares Outstanding | 780.00M | 778.00M | 776.00M | 771.00M | 770.00M | 769.00M |
| Working Capital | -6.74B | -9.43B | -6.41B | -4.51B | -5.65B | -5.99B |
| Book Value Per Share | 68.95 | 65.38 | 63.34 | 61.15 | 61.51 | 61.55 |
| Tangible Book Value | 34.77B | 31.86B | 30.14B | 27.85B | 28.06B | 27.80B |
| Tangible Book Value Per Share | 44.57 | 40.95 | 38.85 | 36.12 | 36.44 | 36.14 |
| Land | 2.67B | 2.50B | 2.35B | 2.23B | 2.15B | |
| Buildings | 3.21B | 2.95B | 2.89B | 2.54B | 2.32B | |
| Machinery | 164.34B | 155.17B | 147.52B | 142.15B | 135.59B | |
| Construction In Progress | 10.07B | 7.76B | 8.37B | 7.38B | 5.98B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 5.25B | 4.97B | 4.52B | 2.84B | 2.55B | 3.91B |
| Depreciation & Amortization | 7.75B | 7.70B | 6.42B | 6.08B | 5.84B | 5.66B |
| Loss (Gain) on Sale of Assets | -419.00M | -45.00M | -26.00M | -52.00M | -22.00M | -13.00M |
| Loss (Gain) on Equity Investments | -46.00M | -51.00M | 9.00M | -98.00M | -114.00M | -28.00M |
| Asset Writedown | 42.00M | -4.00M | 38.00M | 85.00M | 434.00M | 356.00M |
| Change in Accounts Receivable | -448.00M | -187.00M | -23.00M | 443.00M | -788.00M | -297.00M |
| Change in Inventory | -240.00M | -63.00M | -212.00M | -706.00M | -476.00M | -34.00M |
| Change in Accounts Payable | -217.00M | -821.00M | 1.33B | -800.00M | 805.00M | 249.00M |
| Change in Income Taxes | 187.00M | 127.00M | 32.00M | 126.00M | 10.00M | 284.00M |
| Change in Other Net Operating Assets | -992.00M | 328.00M | 25.00M | 1.12B | -2.80B | -879.00M |
| Other Operating Activities | 697.00M | 370.00M | 199.00M | -894.00M | -1.26B | -919.00M |
| Net Cash from Discontinued Operations | 4.00M | 4.00M | 14.00M | 1.73B | 1.75B | |
| Operating Cash Flow | 11.56B | 12.33B | 12.33B | 9.88B | 5.93B | 8.29B |
| Capital Expenditures | -15.84B | -14.02B | -12.28B | -12.60B | -11.37B | -9.71B |
| Investment in Securities | 69.00M | 139.00M | 117.00M | 45.00M | 38.00M | -32.00M |
| Other Investing Activities | -1.02B | -453.00M | -960.00M | 84.00M | -644.00M | -1.19B |
| Investing Cash Flow | -14.28B | -14.34B | -13.12B | -12.47B | -11.97B | -10.94B |
| Short-Term Debt Issued | 124.00M | 557.00M | 610.00M | 861.00M | 1.48B | |
| Long-Term Debt Issued | 11.89B | 8.96B | 10.03B | 11.87B | 9.05B | |
| Total Debt Issued | 13.89B | 12.02B | 9.51B | 10.64B | 12.73B | 10.53B |
| Short-Term Debt Repaid | -1.24B | -1.48B | -468.00M | -287.00M | -997.00M | |
| Long-Term Debt Repaid | -5.65B | -3.36B | -4.74B | -4.40B | -5.29B | |
| Total Debt Repaid | -10.35B | -6.89B | -4.84B | -5.21B | -4.68B | -6.29B |
| Net Debt Issued (Repaid) | 3.54B | 5.12B | 4.67B | 5.43B | 8.05B | 4.24B |
| Issuance of Common Stock | 2.00M | 16.00M | 405.00M | 8.00M | 9.00M | 5.00M |
| Dividends Paid | -3.38B | -3.30B | -3.21B | -3.24B | -3.18B | -3.11B |
| Other Financing Activities | 2.96B | 114.00M | -5.00M | 154.00M | 1.25B | 1.48B |
| Financing Cash Flow | 3.13B | 1.95B | 859.00M | 2.35B | 6.13B | 2.61B |
| Net Cash Flow | 408.00M | -58.00M | 64.00M | -246.00M | 83.00M | -36.00M |
| Free Cash Flow | -4.27B | -1.69B | 48.00M | -2.73B | -5.44B | -1.43B |
| Free Cash Flow Margin | -13.03% | -5.33% | 0.16% | -9.53% | -19.21% | -5.89% |
| Free Cash Flow Per Share | -5.49 | -2.18 | 0.06 | -3.54 | -7.07 | -1.85 |
| Levered Free Cash Flow | -4.48B | -2.00B | -1.82B | -4.36B | -4.24B | -2.77B |
| Unlevered Free Cash Flow | -2.12B | 268.62M | 294.25M | -2.48B | -2.72B | -1.39B |
| Cash Interest Paid | 3.59B | 3.59B | 3.28B | 2.88B | 2.36B | 2.25B |
| Cash Income Tax Paid | -625.00M | -400.00M | 1.00M | -6.00M | -3.00M | |
| Change in Working Capital | -1.71B | -616.00M | 1.15B | 187.00M | -3.25B | -677.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 100.10B | 91.15B | 83.23B | 74.79B | 79.31B | 80.70B |
| Enterprise Value | 191.63B | 182.25B | 169.96B | 158.69B | 156.38B | 150.14B |
| PE Ratio | 19.27 | 18.58 | 18.87 | 27.41 | 32.45 | 21.24 |
| PS Ratio | 3.05 | 2.87 | 2.78 | 2.62 | 2.80 | 3.33 |
| PB Ratio | 1.86 | 1.72 | 1.62 | 1.49 | 1.53 | 1.58 |
| P/FCF Ratio | 1,733.90 | |||||
| P/OCF Ratio | 8.66 | 7.39 | 6.75 | 7.57 | 13.38 | 9.73 |
| EV/Sales Ratio | 5.84 | 5.73 | 5.68 | 5.55 | 5.52 | 6.20 |
| EV/EBITDA Ratio | 11.53 | 11.19 | 11.82 | 11.93 | 12.58 | 12.91 |
| EV/EBIT Ratio | 21.60 | 21.25 | 21.35 | 21.98 | 23.75 | 25.15 |
| EV/FCF Ratio | 3,540.92 | |||||
| Debt / Equity Ratio | 1.62 | 1.72 | 1.67 | 1.61 | 1.44 | 1.33 |
| Debt / EBITDA Ratio | 5.44 | 5.49 | 5.81 | 5.94 | 5.88 | 5.73 |
| Debt / FCF Ratio | 1,779.96 | |||||
| Net Debt / Equity Ratio | 1.61 | 1.71 | 1.66 | 1.60 | 1.43 | 1.33 |
| Net Debt / EBITDA Ratio | 5.51 | 5.58 | 5.92 | 6.04 | 5.98 | 5.84 |
| Net Debt / FCF Ratio | -21.42 | -53.64 | 1,773.42 | -29.49 | -13.67 | -47.66 |
| Quick Ratio | 0.26 | 0.21 | 0.25 | 0.25 | 0.26 | 0.24 |
| Current Ratio | 0.66 | 0.55 | 0.67 | 0.74 | 0.70 | 0.62 |
| Asset Turnover | 0.17 | 0.17 | 0.17 | 0.16 | 0.16 | 0.15 |
| Return on Equity (ROE) | 9.86% | 9.72% | 9.08% | 8.48% | 7.34% | 7.42% |
| Return on Assets (ROA) | 2.84% | 2.81% | 2.74% | 2.54% | 2.37% | 2.25% |
| Return on Capital Employed (ROCE) | 4.90% | 4.90% | 4.80% | 4.50% | 4.10% | 3.90% |
| Earnings Yield | 5.19% | 5.45% | 5.44% | 3.80% | 3.21% | 4.84% |
| FCF Yield | -4.27% | -1.86% | 0.06% | -3.65% | -6.86% | -1.77% |
| Dividend Yield | 3.38% | 3.60% | 3.86% | 4.18% | 3.86% | 3.72% |
| Payout Ratio | 65.15% | 66.42% | 71.02% | 114.19% | 124.67% | 79.68% |
| Buyback Yield / Dilution | -0.39% | -0.65% | -0.13% | -0.13% | -0.13% | -4.20% |
| Total Shareholder Return | 2.99% | 2.95% | 3.73% | 4.06% | 3.73% | -0.48% |