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Duke Energy Corp Financials

DUK
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 40 / 100
Financial Profile 40/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
100

Duke Energy Corp has an operating margin of 26.4%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 24.7% the prior year.

Growth
42

Duke Energy Corp's revenue grew a modest 4.8% year-over-year to $30.1B. This slow but positive growth earns a score of 42/100.

Leverage
55

Duke Energy Corp has a moderate D/E ratio of 1.52. This balance of debt and equity financing earns a leverage score of 55/100.

Liquidity
7

Duke Energy Corp's current ratio of 0.67 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 7/100, which could limit financial flexibility.

Cash Flow
1

While Duke Energy Corp generated $12.3B in operating cash flow, capex of $12.3B consumed most of it, leaving $48.0M in free cash flow. This results in a low score of 1/100, reflecting heavy capital investment rather than weak cash generation.

Returns
36

Duke Energy Corp's ROE of 9.0% shows moderate profitability relative to equity, earning a score of 36/100. This is up from 5.7% the prior year.

Altman Z-Score Distress
0.73

Duke Energy Corp scores 0.73, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($99.7B) relative to total liabilities ($136.2B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral
4/9

Duke Energy Corp passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed
2.73x

For every $1 of reported earnings, Duke Energy Corp generates $2.73 in operating cash flow ($12.3B OCF vs $4.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
2.3x

Duke Energy Corp earns $2.3 in operating income for every $1 of interest expense ($7.9B vs $3.4B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

This page shows Duke Energy Corp (DUK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue
$30.1B
YoY+4.8%
5Y CAGR+4.3%
10Y CAGR+2.9%

Duke Energy Corp generated $30.1B in revenue in fiscal year 2024. This represents an increase of 4.8% from the prior year.

EBITDA
$14.3B
YoY+9.1%
5Y CAGR+5.7%
10Y CAGR+5.6%

Duke Energy Corp's EBITDA was $14.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.1% from the prior year.

Free Cash Flow
$48.0M
YoY+101.8%
10Y CAGR-27.5%

Duke Energy Corp generated $48.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 101.8% from the prior year.

Net Income
$4.5B
YoY+59.2%
5Y CAGR+3.8%
10Y CAGR+9.2%

Duke Energy Corp reported $4.5B in net income in fiscal year 2024. This represents an increase of 59.2% from the prior year.

EPS (Diluted)
$5.71
YoY+61.3%
5Y CAGR+2.4%
10Y CAGR+7.9%

Duke Energy Corp earned $5.71 per diluted share (EPS) in fiscal year 2024. This represents an increase of 61.3% from the prior year.

Cash & Debt
$314.0M
YoY-12.0%
5Y CAGR-11.3%
10Y CAGR-3.8%

Duke Energy Corp held $314.0M in cash against $76.3B in long-term debt as of fiscal year 2024.

Dividends Per Share
$4.14
YoY+2.0%
5Y CAGR+2.0%

Duke Energy Corp paid $4.14 per share in dividends in fiscal year 2024. This represents an increase of 2.0% from the prior year.

Shares Outstanding
776M
YoY+0.6%
5Y CAGR+1.1%
10Y CAGR+0.9%

Duke Energy Corp had 776M shares outstanding in fiscal year 2024. This represents an increase of 0.6% from the prior year.

Gross Margin
N/A
Operating Margin
26.4%
YoY+1.7pp
5Y CAGR+2.9pp
10Y CAGR+4.9pp

Duke Energy Corp's operating margin was 26.4% in fiscal year 2024, reflecting core business profitability. This is up 1.7 percentage points from the prior year.

Net Margin
15.0%
YoY+5.1pp
5Y CAGR-0.3pp
10Y CAGR+6.7pp

Duke Energy Corp's net profit margin was 15.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 5.1 percentage points from the prior year.

Return on Equity
9.0%
YoY+3.4pp
5Y CAGR+1.2pp
10Y CAGR+4.4pp

Duke Energy Corp's ROE was 9.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 3.4 percentage points from the prior year.

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$12.3B
YoY-2.6%
5Y CAGR+2.0%
10Y CAGR+8.6%

Duke Energy Corp invested $12.3B in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 2.6% from the prior year.

DUK Income Statement

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Revenue $8.4B+13.6% $7.4B-10.3% $8.2B+13.5% $7.2B+1.2% $7.2B-5.1% $7.5B+5.7% $7.1B-10.7% $8.0B
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income $2.3B+27.5% $1.8B-21.9% $2.3B+10.9% $2.1B+23.7% $1.7B-13.0% $2.0B+5.8% $1.9B-12.1% $2.1B
Interest Expense $902.0M+0.6% $897.0M+0.9% $889.0M+2.1% $871.0M+5.7% $824.0M+0.9% $817.0M+3.0% $793.0M+2.5% $774.0M
Income Tax $176.0M+47.9% $119.0M-38.3% $193.0M+77.1% $109.0M-22.1% $140.0M-21.3% $178.0M+45.9% $122.0M+190.5% $42.0M
Net Income $1.4B+44.4% $984.0M-28.6% $1.4B+14.4% $1.2B+33.9% $900.0M-20.9% $1.1B+14.3% $996.0M-20.4% $1.3B
EPS (Diluted) $1.81+44.8% $1.25-29.0% $1.76+14.3% $1.54+36.3% $1.13-21.5% $1.44+13.4% $1.27-20.1% $1.59

DUK Balance Sheet

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Total Assets $192.3B+1.4% $189.7B+1.2% $187.5B+0.6% $186.3B+2.6% $181.6B+1.6% $178.7B+1.0% $176.9B-2.4% $181.2B
Current Assets $12.2B+0.5% $12.1B-4.9% $12.8B-1.4% $12.9B+3.1% $12.6B+3.9% $12.1B-5.3% $12.8B-2.1% $13.0B
Cash & Equivalents $688.0M+100.0% $344.0M-27.6% $475.0M+51.3% $314.0M-35.0% $483.0M-6.8% $518.0M+45.1% $357.0M-37.8% $574.0M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $12.0M+9.1% $11.0M+10.0% $10.0M-99.5% $1.9B-6.0% $2.0B+22.1% $1.6B-45.5% $3.0B+263.3% $831.0M
Goodwill $19.0B-1.5% $19.3B0.0% $19.3B+1.5% $19.0B-1.5% $19.3B0.0% $19.3B0.0% $19.3B0.0% $19.3B
Total Liabilities $140.8B+2.3% $137.7B+1.5% $135.7B-0.4% $136.2B+4.2% $130.8B+2.1% $128.0B+1.0% $126.7B-2.0% $129.3B
Current Liabilities $19.4B+5.4% $18.4B+10.7% $16.6B-14.1% $19.4B+25.0% $15.5B-0.4% $15.5B-10.1% $17.3B+0.7% $17.2B
Long-Term Debt $79.3B+0.5% $78.9B-1.0% $79.7B+4.4% $76.3B-0.1% $76.4B+1.9% $75.0B+3.5% $72.5B+1.5% $71.4B
Total Equity $51.5B-1.1% $52.0B+0.5% $51.8B+3.3% $50.1B-1.3% $50.8B+0.3% $50.6B+0.9% $50.2B-3.2% $51.8B
Retained Earnings $4.7B+13.9% $4.1B+3.9% $4.0B+16.2% $3.4B+30.2% $2.6B+3.7% $2.5B+13.7% $2.2B+9.8% $2.0B

DUK Cash Flow Statement

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Operating Cash Flow $3.6B+26.9% $2.9B+31.5% $2.2B-35.5% $3.4B+14.4% $3.0B+19.4% $2.5B-3.7% $2.6B-27.1% $3.5B
Capital Expenditures $3.5B+5.3% $3.3B+4.2% $3.1B+1.9% $3.1B+3.1% $3.0B-6.6% $3.2B-2.6% $3.3B+8.2% $3.0B
Free Cash Flow $179.0M+142.9% -$417.0M+57.1% -$971.0M-437.2% $288.0M+769.8% -$43.0M+94.1% -$734.0M-1.2% -$725.0M-251.4% $479.0M
Investing Cash Flow -$3.7B-25.2% -$3.0B+10.2% -$3.3B-0.9% -$3.3B-1.2% -$3.2B+3.3% -$3.3B-22.7% -$2.7B+16.0% -$3.2B
Financing Cash Flow $377.0M+5285.7% $7.0M-99.4% $1.2B+1045.0% -$131.0M-153.5% $245.0M-76.2% $1.0B+1759.7% -$62.0M+77.4% -$274.0M
Dividends Paid $831.0M+2.0% $815.0M+0.1% $814.0M+0.2% $812.0M+2.3% $794.0M+0.3% $792.0M0.0% $792.0M-0.1% $793.0M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

DUK Financial Ratios

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 27.9%+3.0pp 24.8%-3.7pp 28.5%-0.7pp 29.2%+5.3pp 23.9%-2.2pp 26.1%+0.0pp 26.0%-0.4pp 26.5%
Net Margin 17.0%+3.6pp 13.4%-3.4pp 16.8%+0.1pp 16.6%+4.0pp 12.6%-2.5pp 15.1%+1.1pp 14.0%-1.7pp 15.7%
Return on Equity 2.8%+0.9pp 1.9%-0.8pp 2.7%+0.3pp 2.4%+0.6pp 1.8%-0.5pp 2.3%+0.3pp 2.0%-0.4pp 2.4%
Return on Assets 0.7%+0.2pp 0.5%-0.2pp 0.7%+0.1pp 0.7%+0.1pp 0.5%-0.1pp 0.6%+0.1pp 0.6%-0.1pp 0.7%
Current Ratio 0.63-0.0 0.66-0.1 0.77+0.1 0.67-0.1 0.81+0.0 0.78+0.0 0.74-0.0 0.76
Debt-to-Equity 1.54+0.0 1.52-0.0 1.54+0.0 1.52+0.0 1.50+0.0 1.48+0.0 1.44+0.1 1.38
FCF Margin 2.1%+7.8pp -5.7%+6.2pp -11.8%-15.8pp 4.0%+4.6pp -0.6%+9.2pp -9.8%+0.4pp -10.2%-16.2pp 6.0%

Note: The current ratio is below 1.0 (0.67), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Duke Energy Corp's annual revenue?

Duke Energy Corp (DUK) reported $30.1B in total revenue for fiscal year 2024. This represents a 4.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Duke Energy Corp's revenue growing?

Duke Energy Corp (DUK) revenue grew by 4.8% year-over-year, from $28.7B to $30.1B in fiscal year 2024.

Is Duke Energy Corp profitable?

Yes, Duke Energy Corp (DUK) reported a net income of $4.5B in fiscal year 2024, with a net profit margin of 15.0%.

What is Duke Energy Corp's earnings per share (EPS)?

Duke Energy Corp (DUK) reported diluted earnings per share of $5.71 for fiscal year 2024. This represents a 61.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Duke Energy Corp's EBITDA?

Duke Energy Corp (DUK) had EBITDA of $14.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Duke Energy Corp have?

As of fiscal year 2024, Duke Energy Corp (DUK) had $314.0M in cash and equivalents against $76.3B in long-term debt.

What is Duke Energy Corp's operating margin?

Duke Energy Corp (DUK) had an operating margin of 26.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Duke Energy Corp's net profit margin?

Duke Energy Corp (DUK) had a net profit margin of 15.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Duke Energy Corp pay dividends?

Yes, Duke Energy Corp (DUK) paid $4.14 per share in dividends during fiscal year 2024.

What is Duke Energy Corp's return on equity (ROE)?

Duke Energy Corp (DUK) has a return on equity of 9.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Duke Energy Corp's free cash flow?

Duke Energy Corp (DUK) generated $48.0M in free cash flow during fiscal year 2024. This represents a 101.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Duke Energy Corp's operating cash flow?

Duke Energy Corp (DUK) generated $12.3B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Duke Energy Corp's total assets?

Duke Energy Corp (DUK) had $186.3B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Duke Energy Corp's capital expenditures?

Duke Energy Corp (DUK) invested $12.3B in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Duke Energy Corp have outstanding?

Duke Energy Corp (DUK) had 776M shares outstanding as of fiscal year 2024.

What is Duke Energy Corp's current ratio?

Duke Energy Corp (DUK) had a current ratio of 0.67 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Duke Energy Corp's debt-to-equity ratio?

Duke Energy Corp (DUK) had a debt-to-equity ratio of 1.52 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Duke Energy Corp's return on assets (ROA)?

Duke Energy Corp (DUK) had a return on assets of 2.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Duke Energy Corp's Altman Z-Score?

Duke Energy Corp (DUK) has an Altman Z-Score of 0.73, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Duke Energy Corp's Piotroski F-Score?

Duke Energy Corp (DUK) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Duke Energy Corp's earnings high quality?

Duke Energy Corp (DUK) has an earnings quality ratio of 2.73x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Duke Energy Corp cover its interest payments?

Duke Energy Corp (DUK) has an interest coverage ratio of 2.3x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Duke Energy Corp?

Duke Energy Corp (DUK) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.