DUKDuke Energy
Duke Energy was incorporated on May 3, 2005, and is an energy company headquartered in Charlotte, North Carolina, subject to regulation by the FERC and other regulatory agencies listed below. 10-K, Item 1
- Headquarters
- Charlotte, NC
- CEO
- Harry K. Sideris
- Next results
- around Feb 9, 2027
DUK and 9 peers, year by year
The 9 Utilities companies closest to DUK in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
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| Company | Year | Revenue | Sales growth | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|
| DUK Duke Energy | FY2025 | $32.2B | +5.6% | 26.8% | 15.4% | −5.3% | 9.6% | 1.73 |
| NRG NRG Energy | FY2025 | $30.7B | +9.4% | 6.0% | 2.8% | 2.5% | 51.4% | 9.86 |
| CEG Constellation Energy | FY2025 | $25.5B | +19.5% | 12.1% | 9.1% | 5.0% | 16.0% | 0.62 |
| SO Southern Company | FY2025 | $29.6B | +10.6% | 24.7% | 14.7% | −9.9% | 12.1% | 2.02 |
| NEE NextEra Energy | FY2025 | $27.4B | +9.8% | 30.2% | 24.9% | - | 12.5% | 1.74 |
| PCG PG&E Corporation | FY2025 | $24.9B | +2.1% | 19.0% | 10.4% | −12.3% | 8.0% | 1.85 |
| EXC Exelon | FY2025 | $24.3B | +5.3% | 21.2% | 11.4% | −9.4% | 9.6% | 1.74 |
| AEP American Electric Power | FY2025 | $21.9B | +8.7% | 24.3% | 16.4% | 16.0% | 11.5% | 1.54 |
| VST Vistra Corp. | FY2025 | $17.7B | +19.1% | 10.7% | 5.3% | 7.4% | 18.5% | 3.70 |
| EIX Edison International | FY2025 | $19.3B | +9.8% | 36.7% | 23.1% | −3.7% | 25.4% | 2.30 |
Revenue, FY2016 to FY2025
Revenue as reported in the 10-K.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| DUK Dec | $22.7B | $23.6B | $24.5B | $25.1B | $23.4B | $24.6B | $28.8B | $29.1B | $30.4B | $32.2B |
| NRG Dec | $8.9B | $9.1B | $9.5B | $9.8B | $9.1B | $27.0B | $31.5B | $28.8B | $28.1B | $30.7B |
| CEG Dec | - | - | - | - | $17.6B | $19.6B | $24.4B | $24.9B | $23.6B | $25.5B |
| SO Dec | $19.9B | $23.0B | $23.5B | $21.4B | $20.4B | $23.1B | $29.3B | $25.3B | $26.7B | $29.6B |
| NEE Dec | $16.1B | $17.2B | $16.7B | $19.2B | $18.0B | $17.1B | $21.0B | $28.1B | $24.8B | $27.4B |
| PCG Dec | $17.7B | $17.1B | $16.8B | $17.1B | $18.5B | $20.6B | $21.7B | $24.4B | $24.4B | $24.9B |
| EXC Dec | $31.4B | $33.6B | $36.0B | $34.4B | $16.7B | $17.9B | $19.1B | $21.7B | $23.0B | $24.3B |
| AEP Dec | $16.4B | $15.4B | $16.2B | $15.6B | $14.9B | $16.8B | $19.6B | $19.5B | $20.0B | $21.9B |
| VST Dec | - | $5.4B | $9.8B | $11.8B | $11.4B | $17.7B | $15.6B | $14.8B | $17.2B | $17.7B |
| EIX Dec | $11.9B | $12.3B | $12.7B | $12.3B | $13.6B | $14.9B | $17.2B | $16.3B | $17.6B | $19.3B |
| Peer median | $16.4B | $16.3B | $16.5B | $16.3B | $16.7B | $17.9B | $21.0B | $24.4B | $23.6B | $24.9B |
Sales growth, FY2016 to FY2025
Revenue against the fiscal year before.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| DUK Dec | +1.7% | +3.6% | +4.1% | +2.5% | −3.6% | +5.3% | +17.1% | 0.0% | +4.8% | +5.6% |
| NRG Dec | −14.7% | +1.8% | +4.5% | −1.9% | +8.7% | +208% | +17.6% | −10.3% | −1.8% | +9.4% |
| CEG Dec | - | - | - | - | - | +11.6% | +25.0% | −3.4% | −9.0% | +19.5% |
| SO Dec | +13.8% | +15.8% | +2.0% | −8.8% | −4.9% | +13.4% | +26.7% | −13.8% | +5.8% | +10.6% |
| NEE Dec | −7.6% | +6.4% | −2.6% | +13.6% | −2.9% | +10.6% | +22.3% | +7.8% | −5.2% | +9.8% |
| PCG Dec | +4.9% | −3.0% | −2.2% | +2.2% | +7.8% | +11.8% | +5.0% | +12.7% | 0.0% | +2.1% |
| EXC Dec | +6.5% | +7.0% | +7.2% | −4.3% | −4.1% | +7.7% | +6.4% | +13.9% | +6.0% | +5.3% |
| AEP Dec | −0.4% | −5.8% | +5.0% | −3.9% | −4.1% | +12.6% | +17.0% | +0.3% | +2.6% | +8.7% |
| VST Dec | - | - | +68.4% | +17.9% | −6.0% | +63.1% | −11.7% | −11.7% | +6.9% | +19.1% |
| EIX Dec | +3.0% | +3.8% | +2.7% | −2.4% | +10.0% | +9.8% | +15.5% | −5.1% | +7.7% | +9.8% |
| Peer median | +3.0% | +3.8% | +3.6% | −2.2% | −3.5% | +11.8% | +17.0% | −3.4% | +2.6% | +9.8% |
Operating margin, FY2016 to FY2025
Operating income / revenue.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| DUK Dec | 22.9% | 23.9% | 19.1% | 22.8% | 19.6% | 22.3% | 20.9% | 24.3% | 26.1% | 26.8% |
| NRG Dec | 0.4% | −8.2% | 10.4% | 13.1% | 12.2% | 12.4% | 6.4% | 1.3% | 8.6% | 6.0% |
| CEG Dec | - | - | - | - | 1.5% | −1.8% | 2.0% | 6.5% | 18.5% | 12.1% |
| SO Dec | 22.5% | 10.1% | 17.8% | 36.1% | 24.0% | 16.0% | 18.3% | 23.1% | 26.4% | 24.7% |
| NEE Dec | 27.6% | 30.1% | 25.6% | 27.9% | 28.4% | 17.1% | 19.5% | 36.4% | 30.2% | 30.2% |
| PCG Dec | 11.8% | 17.0% | −57.9% | −58.9% | 9.5% | 9.1% | 8.5% | 10.9% | 18.3% | 19.0% |
| EXC Dec | 10.2% | 13.1% | 10.8% | 12.7% | 13.1% | 15.0% | 17.4% | 18.5% | 18.8% | 21.2% |
| AEP Dec | 7.1% | 22.9% | 16.6% | 16.7% | 20.0% | 20.3% | 17.7% | 18.3% | 21.6% | 24.3% |
| VST Dec | - | 3.6% | 5.0% | 16.9% | 13.3% | −8.6% | −7.5% | 18.0% | 23.7% | 10.7% |
| EIX Dec | 17.4% | 11.8% | −4.4% | 14.4% | 9.0% | 9.9% | 8.6% | 16.1% | 16.6% | 36.7% |
| Peer median | 11.8% | 12.4% | 10.6% | 15.5% | 13.1% | 12.4% | 8.6% | 18.0% | 18.8% | 21.2% |
Net margin, FY2016 to FY2025
Net income / revenue.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| DUK Dec | 9.5% | 13.0% | 10.9% | 14.9% | 5.9% | 15.9% | 8.9% | 9.8% | 14.9% | 15.4% |
| NRG Dec | −8.7% | −23.7% | 2.8% | 45.2% | 5.6% | 8.1% | 3.9% | −0.7% | 4.0% | 2.8% |
| CEG Dec | - | - | - | - | 3.3% | −1.0% | −0.7% | 6.5% | 15.9% | 9.1% |
| SO Dec | 12.3% | 3.7% | 9.5% | 22.1% | 15.3% | 10.4% | 12.0% | 15.7% | 16.5% | 14.7% |
| NEE Dec | 18.0% | 31.3% | 39.7% | 19.6% | 16.2% | 20.9% | 19.8% | 26.0% | 28.1% | 24.9% |
| PCG Dec | 7.9% | 9.6% | −40.9% | −44.7% | −7.1% | −0.5% | 8.3% | 9.2% | 10.1% | 10.4% |
| EXC Dec | 3.6% | 11.3% | 5.6% | 8.5% | 11.8% | 9.5% | 11.4% | 10.7% | 10.7% | 11.4% |
| AEP Dec | 3.7% | 12.4% | 11.9% | 12.3% | 14.7% | 14.8% | 11.7% | 11.3% | 14.9% | 16.4% |
| VST Dec | - | −4.7% | −0.6% | 7.9% | 5.6% | −7.2% | −7.8% | 10.1% | 15.4% | 5.3% |
| EIX Dec | 11.0% | 4.6% | −3.3% | 10.4% | 5.4% | 5.1% | 3.6% | 7.3% | 7.3% | 23.1% |
| Peer median | 7.9% | 7.1% | 4.2% | 11.4% | 5.6% | 8.1% | 8.3% | 10.1% | 14.9% | 11.4% |
Free cash flow, FY2016 to FY2025
Cash from operations minus capital spending.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| DUK Dec | −$1.0B | −$1.4B | −$2.2B | −$2.9B | −$1.1B | −$1.4B | −$5.4B | −$2.7B | $48.0M | −$1.7B |
| NRG Dec | $1.4B | $1.4B | $989.0M | $1.2B | $1.6B | $224.0M | −$7.0M | −$819.0M | $1.8B | $766.0M |
| CEG Dec | - | - | - | - | −$1.2B | −$2.7B | −$4.0B | −$7.7B | −$5.0B | $1.3B |
| SO Dec | −$2.4B | −$1.0B | −$1.1B | −$1.8B | −$826.0M | −$1.4B | −$1.6B | −$1.5B | $833.0M | −$2.9B |
| NEE Dec | - | - | - | - | - | - | - | - | - | - |
| PCG Dec | −$1.3B | $336.0M | −$1.8B | −$1.5B | −$26.8B | −$5.4B | −$5.9B | −$5.0B | −$2.3B | −$3.1B |
| EXC Dec | −$92.0M | −$104.0M | $1.1B | −$589.0M | −$3.8B | −$5.0B | −$2.3B | −$2.7B | −$1.5B | −$2.3B |
| AEP Dec | $4.4B | $4.3B | $5.2B | $3.4B | $3.8B | - | - | $4.9B | $6.4B | $3.5B |
| VST Dec | - | $1.3B | $941.0M | $2.0B | $2.1B | −$1.2B | −$816.0M | $3.8B | $2.5B | $1.3B |
| EIX Dec | −$495.0M | −$247.0M | −$1.3B | −$5.2B | −$4.2B | −$5.5B | −$2.6B | −$2.0B | −$693.0M | −$715.0M |
| Peer median | −$293.5M | $336.0M | $941.0M | −$589.0M | −$994.5M | −$2.7B | −$2.3B | −$1.8B | $70.0M | $25.5M |
FCF margin, FY2016 to FY2025
Free cash flow / revenue.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| DUK Dec | −4.6% | −6.1% | −9.0% | −11.6% | −4.5% | −5.8% | −18.9% | −9.4% | 0.2% | −5.3% |
| NRG Dec | 15.3% | 14.9% | 10.4% | 12.1% | 17.7% | 0.8% | 0.0% | −2.8% | 6.5% | 2.5% |
| CEG Dec | - | - | - | - | −6.6% | −13.6% | −16.5% | −31.0% | −21.3% | 5.0% |
| SO Dec | −12.1% | −4.5% | −4.5% | −8.3% | −4.1% | −6.1% | −5.5% | −6.1% | 3.1% | −9.9% |
| NEE Dec | - | - | - | - | - | - | - | - | - | - |
| PCG Dec | −7.4% | 2.0% | −10.5% | −8.7% | −145.2% | −26.3% | −27.0% | −20.3% | −9.6% | −12.3% |
| EXC Dec | −0.3% | −0.3% | 2.9% | −1.7% | −22.9% | −27.7% | −11.9% | −12.4% | −6.6% | −9.4% |
| AEP Dec | 26.9% | 27.7% | 32.3% | 21.5% | 25.7% | - | - | 25.0% | 32.1% | 16.0% |
| VST Dec | - | 23.4% | 9.6% | 17.1% | 18.2% | −7.0% | −5.2% | 25.6% | 14.4% | 7.4% |
| EIX Dec | −4.2% | −2.0% | −10.5% | −42.0% | −31.1% | −36.9% | −14.9% | −12.5% | −3.9% | −3.7% |
| Peer median | −2.2% | 2.0% | 2.9% | −1.7% | −5.3% | −13.6% | −11.9% | −9.3% | −0.4% | −0.6% |
Return on equity, FY2016 to FY2025
Net income / shareholders' equity at the year end.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| DUK Dec | 5.2% | 7.3% | 6.1% | 8.0% | 2.9% | 7.9% | 5.2% | 5.8% | 9.0% | 9.6% |
| NRG Dec | −17.4% | −109.4% | n/m | n/m | 30.4% | 60.8% | 31.9% | −7.0% | 45.4% | 51.4% |
| CEG Dec | - | - | - | - | 4.0% | −1.8% | −1.5% | 14.9% | 28.5% | 16.0% |
| SO Dec | 9.9% | 3.5% | 9.0% | 17.2% | 11.2% | 8.6% | 11.6% | 12.6% | 13.3% | 12.1% |
| NEE Dec | 11.9% | 19.1% | 19.4% | 10.2% | 8.0% | 9.6% | 10.6% | 15.4% | 13.9% | 12.5% |
| PCG Dec | 7.8% | 8.6% | −54.2% | −149.1% | −6.3% | −0.5% | 7.9% | 9.0% | 8.2% | 8.0% |
| EXC Dec | 4.3% | 12.6% | 6.5% | 9.1% | 6.0% | 5.0% | 8.8% | 9.0% | 9.1% | 9.6% |
| AEP Dec | 3.5% | 10.5% | 10.1% | 9.8% | 10.7% | 11.1% | 9.7% | 8.7% | 11.0% | 11.5% |
| VST Dec | - | −4.0% | −0.7% | 11.7% | 7.6% | −15.4% | −25.0% | 28.1% | 47.7% | 18.5% |
| EIX Dec | 9.2% | 4.1% | −3.3% | 8.3% | 5.3% | 4.8% | 3.9% | 7.7% | 8.2% | 25.4% |
| Peer median | 7.8% | 6.3% | 6.5% | 9.8% | 7.6% | 5.0% | 8.8% | 9.0% | 13.3% | 12.5% |
Debt / equity, FY2016 to FY2025
Total debt / shareholders' equity at the year end.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| DUK Dec | 1.23 | 1.30 | 1.32 | 1.31 | 1.31 | 1.36 | 1.49 | 1.62 | 1.68 | 1.73 |
| NRG Dec | 3.76 | 4.82 | n/m | 3.64 | 5.27 | 2.25 | 2.12 | 3.76 | 4.40 | 9.86 |
| CEG Dec | - | - | - | - | - | 0.58 | 0.53 | 0.85 | 0.64 | 0.62 |
| SO Dec | 1.92 | 2.10 | 1.89 | 1.70 | 1.76 | 1.93 | 1.89 | 1.97 | 1.95 | 2.02 |
| NEE Dec | 1.26 | 1.23 | 0.94 | 1.14 | 1.30 | 1.45 | 1.62 | 1.54 | 1.64 | 1.74 |
| PCG Dec | 0.10 | 0.07 | 3.48 | 0.00 | 1.95 | 2.14 | 2.18 | 2.19 | 1.83 | 1.85 |
| EXC Dec | 1.34 | 1.15 | 1.17 | 1.16 | 1.17 | 0.99 | 1.61 | 1.70 | 1.73 | 1.74 |
| AEP Dec | 1.22 | 1.21 | 1.29 | 1.47 | 1.60 | 1.60 | 1.66 | 1.67 | 1.64 | 1.54 |
| VST Dec | - | 0.70 | 1.41 | 1.35 | 1.11 | 1.29 | 2.57 | 2.71 | 2.93 | 3.70 |
| EIX Dec | 0.88 | 1.05 | 1.22 | 1.22 | 1.62 | 1.74 | 2.03 | 2.20 | 2.35 | 2.30 |
| Peer median | 1.26 | 1.18 | 1.29 | 1.28 | 1.61 | 1.60 | 1.89 | 1.97 | 1.83 | 1.85 |
EPS (diluted), FY2016 to FY2025
Diluted earnings per share, on today's share count after splits.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| DUK Dec | $3.11 | $4.36 | $3.76 | $5.06 | $1.72 | $4.94 | $3.17 | $3.54 | $5.71 | $6.31 |
| NRG Dec | −$2.22 | −$6.79 | $0.87 | $16.81 | $2.07 | $8.93 | $5.17 | −$1.12 | $4.99 | $4.01 |
| CEG Dec | - | - | - | - | $0.00 | $0.00 | −$0.49 | $5.01 | $11.89 | $7.40 |
| SO Dec | $2.55 | $0.84 | $2.17 | $4.50 | $2.93 | $2.24 | $3.26 | $3.62 | $3.99 | $3.92 |
| NEE Dec | $1.56 | $2.85 | $3.47 | $1.94 | $1.48 | $1.81 | $2.10 | $3.60 | $3.37 | $3.30 |
| PCG Dec | $2.78 | $3.21 | −$13.25 | −$14.50 | −$1.05 | −$0.05 | $0.84 | $1.05 | $1.15 | $1.18 |
| EXC Dec | $1.21 | $3.98 | $2.07 | $3.01 | $2.01 | $1.74 | - | - | - | - |
| AEP Dec | $1.24 | $3.88 | $3.90 | $3.88 | $4.42 | $4.96 | $4.49 | $4.24 | $5.58 | $6.66 |
| VST Dec | - | −$0.59 | −$0.11 | $1.86 | $1.30 | −$2.69 | −$3.26 | $3.58 | $7.00 | $2.18 |
| EIX Dec | $3.97 | $1.72 | −$1.30 | $3.77 | $1.98 | $2.00 | $1.60 | $3.11 | $3.31 | $11.55 |
| Peer median | $1.56 | $2.28 | $1.47 | $3.39 | $1.98 | $1.81 | $1.85 | $3.59 | $4.49 | $3.96 |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out DUK and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →
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