— Know what they know.
/
Not Investment Advice

DUK

NYSE · USD
Duke Energy Corporation
Utilities · Regulated Electric
CEO Harry K. Sideris Employees 26,441 R&D / revenue 0.0%
Last price
$121.47+2.18%last session
Market cap
$94.7B
P/E (TTM)
18.2x
From 52w high
−9.7%
From 52w low
+8.1%
1-year return
−1.3%
RSI 14 · vs SMA200
66.8 · −0.9%
IS score
47.0/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

DUK   SPY   XLU (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116DUK 99XLU 92

Score DNA

Each bar is a 0-100 score within the scored universe
58
Profitability
50
Growth
58
Value
79
Momentum
15
Risk (safety)
73
Quality
26
Balance sheet
80
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ FCF yield 5%+✓ Congress buying
Warnings
▲ Altman distress zone▲ Share count rising
Observations
Moat model: Weak, Intangible AssetsPiotroski 8 / 9Altman Z 0.7Beta 0.363 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
2 open-market sales, $2.9M
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
4
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+11
177 new holders, 135 closed
2,472 filers hold 70.9% · 1,129 added, 805 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+253
994 funds adding shares
741 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
42.6%
20-day avg 44.6%, 50-day avg 51.1%
Latest 2.0 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$32.2B
Revenue growth YoY+6.2%
Gross margin31.6%
Operating income$8.6B
Operating margin26.6%
Net income$5.0B
Net margin15.4%
EPS (diluted)$6.31
Cash flow
Operating cash flow$12.4B
Capital expenditure$14.0B
Free cash flow−$1.7B
FCF conversion (FCF / OCF)-13.5%
Stock-based compensation$0
FCF less SBC−$1.7B
Buybacks$0
Dividends$3.3B
Balance sheet & returns
Cash & short-term investments$245.0M
Total debt$10.8B
Net debt$10.5B
Shareholders' equity$53.0B
Goodwill & intangibles$19.0B
Debt / equity1.67
ROE (TTM)9.9%
ROIC (TTM)4.2%
Operating margin by fiscal year
21.7%FY202121.7%FY202224.3%FY202326.1%FY202426.6%FY2025
Revenue $24.6B (FY2021) to $32.2B (FY2025), a 7.0% CAGR.

Valuation

P/E (TTM)18.2x
EV / EBITDA10.6x
Price / sales2.84x
Price / FCFn/m
FCF yield-4.51%
Buyback yield0.00%
SBC / revenue0.0%
Price / book1.73x
Forward P/E FY202618.1x
Forward P/E FY202716.9x
Forward P/E FY202815.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $131.27 across 11 analysts last quarter is theirs, not ours.

DUK vs industry median

139 companies in Regulated Electric
Gross margin 68.2% 39.0% Operating margin 27.6% 19.1% Net margin 15.7% 13.0% ROIC 4.2% 5.7%
DUK (TTM)Industry median Asset turnover 0.17 vs industry 0.24 · financial leverage 3.67

Earnings delivery

Next report 2026-11-05 · consensus EPS $1.88
83%
beat rate, 10 of 12 quarters
+3.0%
median EPS surprise
7
longest beat streak
+1-2+4+16-5+1+10+6+3+1+3+10
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-02 to 2026-08-04. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
DUK Duke Energy Corporation $94.7B18.2x9.9%15.7%+6.2% −1.3%
SO The Southern Company $104.9B21.9x12.7%16.8%+6.4% −4.3%
AEP American Electric Power Comp $69.2B21.8x10.1%13.1%+7.7% +9.0%
D Dominion Energy, Inc. $55.9B22.0x9.1%7.5%+20.3% +6.1%
NEE NextEra Energy, Inc. $166.5B17.9x17.2%41.7%+12.1% −5.6%
ETR Entergy Corporation $50.2B26.5x10.5%13.8%+9.5% —
XEL Xcel Energy Inc. $47.7B20.8x9.9%18.8%+4.7% —
ELC Entergy Louisiana, LLC COLLA $45.8B4.6x12.6%13.7%+9.5% —
12-month window: SPY +15.9%, sector ETF XLU −8.1%. Past returns describe history only.

Recent 8-K filings

No 8-K filings on file.

Context

Shares outstanding779,702,000
Free float99.7%
Institutional ownership70.9%
Beta0.36
Dividend yield3.52%
Last dividend$1.08 on 2026-11-13
50 / 200-day average$119.10 / $124.01
Large-cap Utilities median P/E20.7x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where DUK sits among 45 scored companies in Regulated Electric (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureDUKIndustry medianIndustry percentileSector median
P/E (TTM) 18.1x 19.6x
41st		 20.7x
PEG (P/E ÷ 3-yr EPS CAGR) 0.35 1.94
13th		 2.20
Price / sales 2.8x 2.4x
61st		 2.4x
Price / book 1.7x 1.8x
43rd		 1.9x
Price / tangible book 2.8x 2.0x
84th		 2.1x
Price / free cash flow 16.8x 13.7x
53rd		 34.3x
Price / operating cash flow 8.2x 9.1x
42nd		 9.2x
Enterprise value $185.3B $51.2B
98th		 $25.7B
EV / sales 5.6x 3.9x
75th		 4.5x
EV / EBITDA 11.4x 11.6x
48th		 11.9x
EV / EBIT 19.0x 19.5x
48th		 19.6x
EV / free cash flow 32.9x 25.9x
58th		 35.3x
Earnings yield 5.5% 5.1%
59th		 4.8%
FCF yield 5.9% -1.8%
77th		 -4.2%
Operating cash flow yield 12.2% 10.7%
60th		 10.3%
Graham number (per share) $103.21 $56.02
95th		 $48.77

Profitability (TTM)

MeasureDUKIndustry medianIndustry percentileSector median
Gross margin 68.2% 43.4%
84th		 43.4%
EBITDA margin 48.9% 40.2%
93rd		 38.7%
Operating margin 27.6% 22.2%
93rd		 20.9%
EBIT margin 29.2% 23.8%
93rd		 23.2%
Net margin 15.7% 13.5%
77th		 12.4%
NOPAT margin 23.9% 19.3%
89th		 18.1%
FCF margin 16.9% -5.6%
82nd		 -7.6%
Operating cash flow margin 34.7% 29.1%
77th		 28.3%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 0.0% 3.8%
0th		 4.2%
Stock comp / revenue 0.0% 0.0%
0th		 0.0%
Effective tax rate 13.3% 13.7%
43rd		 18.4%

Returns on capital

MeasureDUKIndustry medianIndustry percentileSector median
ROE (on average equity) 9.9% 10.5%
43rd		 9.5%
ROA 2.7% 2.7%
45th		 2.6%
ROIC 5.5% 5.5%
50th		 5.5%
ROCE 5.4% 5.3%
55th		 5.1%
Return on tangible assets 5.0% 4.9%
57th		 4.7%
Cash ROIC (OCF / invested capital) 8.0% 8.6%
36th		 8.0%
Gross profitability (GP / assets) 11.3% 9.1%
70th		 8.6%
ROIC, 3-yr average 3.9% 4.4%
36th		 4.2%
ROIC, 5-yr average 3.5% 4.3%
21st		 4.2%
ROE, 5-yr average 7.8% 10.7%
19th		 9.1%
Incremental ROIC 57.1% 21.9%
91st		 20.6%

Growth

MeasureDUKIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 6.7% 8.0%
34th		 7.2%
Revenue growth (QoQ) -17.3% -16.9%
45th		 -16.9%
Revenue CAGR, 3 yr 4.7% 2.8%
77th		 3.0%
Revenue CAGR, 5 yr 6.5% 5.6%
60th		 6.3%
Gross profit CAGR, 3 yr 24.3% 8.0%
77th		 7.9%
Operating income CAGR, 3 yr 11.9% 10.5%
57th		 9.4%
Net income growth (TTM YoY) 8.5% 8.5%
50th		 8.6%
Net income CAGR, 3 yr 52.2% 9.5%
95th		 8.8%
EPS growth (TTM YoY) 8.2% 2.3%
67th		 4.2%
EPS CAGR, 3 yr 51.7% 6.6%
98th		 6.6%
EPS CAGR, 5 yr 11.6% 4.1%
82nd		 4.0%
FCF growth (TTM YoY) —
FCF CAGR, 3 yr —
Operating cash flow CAGR, 3 yr 26.8% 17.7%
86th		 12.7%
Book value CAGR, 3 yr 3.9% 4.8%
32nd		 4.7%
Dividend CAGR, 3 yr -70.6% 0.3%
0th		 0.3%
Sustainable growth rate 9.8% 3.8%
93rd		 3.7%

Margin history & stability

MeasureDUKIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 54.4% 44.0%
86th		 42.6%
Operating margin, 3-yr average 26.6% 21.9%
95th		 20.0%
Net margin, 3-yr average 15.3% 13.0%
70th		 12.5%
FCF margin, 3-yr average 3.9% -4.3%
73rd		 -7.9%
Revenue stability (0-1) 0.98 0.75
95th		 0.75
Earnings stability (0-1) 0.43 0.43
50th		 0.51
Margin stability (0-1) 0.79 0.83
43rd		 0.84

Liquidity (latest quarter)

MeasureDUKIndustry medianIndustry percentileSector median
Cash & short-term investments $673.0M $241.0M
66th		 $215.5M
Net cash (− = net debt) −$90.6B −$24.6B
5th		 −$12.1B
Working capital −$6.7B −$794.4M
5th		 −$284.5M
Current ratio 0.66 0.80
20th		 0.82
Quick ratio 0.43 0.66
16th		 0.69
Cash ratio (cash + ST investments / current liabilities) 0.03 0.07
34th		 0.08
Defensive interval (days) 139 days 286 days
19th		 314 days

Leverage & solvency (latest quarter)

MeasureDUKIndustry medianIndustry percentileSector median
Total debt $91.2B $25.1B
95th		 $12.5B
Debt / equity 1.67 1.68
45th		 1.61
Net debt / equity 1.65 1.67
48th		 1.60
Debt / assets 45.4% 44.6%
55th		 43.4%
Debt / capital 62.5% 62.7%
45th		 61.8%
Debt / EBITDA 5.60 5.59
52nd		 5.59
Net debt / EBITDA 5.55 5.54
52nd		 5.53
Interest coverage (EBIT / interest) 2.6x 2.4x
73rd		 2.4x
Cash interest coverage 3.1x 3.1x
52nd		 3.0x
Debt payback (years of OCF) 7.9 yrs 7.5 yrs
58th		 7.5 yrs
Liabilities / assets 71.7% 73.0%
36th		 70.8%
IS credit model rating B — —
Implied credit spread (bps) 750 750
34th		 750

Efficiency

MeasureDUKIndustry medianIndustry percentileSector median
Asset turnover 0.17 0.21
9th		 0.20
Fixed asset turnover 0.24 0.27
30th		 0.27
Inventory turnover 2.3 6.7
5th		 8.7
Receivables turnover 7.8 8.7
25th		 8.4
Days sales outstanding 47 days 41 days
77th		 43 days
Days inventory outstanding 156 days 54 days
98th		 42 days
Days payables outstanding 160 days 77 days
88th		 75 days
Cash conversion cycle (days) 43 days 15 days
86th		 14 days
Capex / revenue 17.8% 33.3%
26th		 35.1%
Capex / depreciation 0.91 2.35
12th		 2.40
Operating expense ratio 46.1% 30.3%
66th		 30.7%

Cash flow & earnings quality

MeasureDUKIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.21 2.19
57th		 2.20
FCF / net income 1.07 −0.32
80th		 −0.74
FCF / operating cash flow 48.6% -20.3%
78th		 -33.3%
Capex / operating cash flow 51.4% 120.3%
22nd		 133.3%
Accruals ratio -3.2% -3.3%
52nd		 -3.2%
Sloan accruals ratio -3.6% -3.7%
61st		 -3.7%
Earnings quality score (0-1) 1.00 1.00
16th		 1.00

Dividends & buybacks

MeasureDUKIndustry medianIndustry percentileSector median
Dividend yield 3.5% 3.3%
61st		 3.3%
Dividend per share (TTM) $4.28 $2.56
89th		 $1.87
Payout ratio (dividends / net income) 1.6% 65.4%
5th		 63.9%
Dividends / FCF 1.5% 59.8%
0th		 65.6%
Dividend growth (YoY) -97.4% 3.9%
2nd		 3.9%
Buyback yield 0.0% 0.0%
0th		 0.0%
Shareholder yield (dividends + buybacks) 0.1% 3.3%
0th		 3.3%
Share count change (YoY) 0.3% 2.2%
14th		 2.5%
Buybacks, last 5 years $0 $0
0th		 $0

Scores & forensic checks

MeasureDUKIndustry medianIndustry percentileSector median
IS score 47 42
75th		 40
IS profitability 58 50
77th		 44
IS growth 50 49
52nd		 50
IS value 58 58
50th		 56
IS momentum 79 77
68th		 78
IS risk (safety) 15 15
0th		 15
IS quality 73 66
93rd		 64
IS balance sheet 26 25
52nd		 28
IS earnings quality 80 79
68th		 79
IS cash flow 56 35
80th		 35
Piotroski F-score (0-9) 8 6
75th		 6
Altman Z-score 0.7 0.8
36th		 0.9
Beneish M-score −2.84 −2.60
16th		 −2.64
Ohlson O-score −7.66 −7.06
14th		 −7.04
IS credit score 26 27
39th		 29

Per share

MeasureDUKIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $6.74 $3.90
93rd		 $3.13
Book value per share $70.28 $34.68
95th		 $32.52
Tangible book per share $48.59 $34.58
84th		 $32.45
Revenue per share $42.85 $27.50
82nd		 $24.86
FCF per share $7.23 −$1.01
89th		 −$1.64
Operating cash flow per share $14.87 $8.38
86th		 $7.00
Cash per share $0.86 $0.80
55th		 $0.83

Size (TTM)

MeasureDUKIndustry medianIndustry percentileSector median
Market cap $94.7B $21.5B
93rd		 $8.5B
Revenue $33.4B $12.5B
100th		 $5.4B
EBITDA $16.3B $4.3B
95th		 $2.7B
Net income $5.2B $1.3B
95th		 $559.7M
Free cash flow $5.6B −$189.0M
91st		 −$190.6M
Total assets $201.1B $56.2B
95th		 $34.0B
Shareholders' equity $54.8B $12.5B
95th		 $5.1B
Employees 26,441 9,950
89th		 5,870

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-06Kesner Idalene Fay
Director
 Award / grant 303——15,681
2026-09-28Mullen Joyce A
Director
 Award / grant 1,066——1,066
2026-07-02Kesner Idalene Fay
Director
 Award / grant 266——15,191
2026-05-20Weintraub Alexander J.
EVP, Chief Customer Officer
 Discretionary 394$123.81$48,7813,011
2026-05-19Weintraub Alexander J.
EVP, Chief Customer Officer
 Discretionary 3,265——3,265
2026-05-18Craver Theodore F Jr
Director, other: Chair
 Gift 2,402——19,193
2026-05-11Renjel Louis E.
EVP&CEO DEF&MW&ChiefCorpAffOff
 Open-market sale 3,500$125.15$438,02521,415
2026-05-08Sideris Harry K.
Director, President, CEO
 Open-market sale 20,000$124.37$2.5M96,102
2026-05-07Guldner Jeffrey B.
Director
 Award / grant 1,602——1,022
2026-05-07Pacilio Michael J.
Director
 Award / grant 1,602——7,347
2026-05-07Burks Derrick
Director
 Award / grant 1,602——7,681
2026-05-07Dorsa Caroline
Director
 Award / grant 1,602$124.87$200,04212,723

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJulSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1623,261$1.1M
DiscretionaryAcquired23,659$48,781
GiftDisposed12,402—
Open-market saleDisposed223,500$2.9M
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
None on file.
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 8 trades (4 purchases) · Senate 2 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-07-10Dan NewhouseHousePurchase$1,001 - $15,0002026-07-20
2026-07-10Daniel Milton NewhouseHousePurchase$1,001 - $15,0002026-07-20
2026-07-09Daniel Milton NewhouseHousePurchase$1,001 - $15,0002026-07-20
2026-06-08Tommy TubervilleSenateSale$15,001 - $50,0002026-07-16
2026-06-08Thomas Hawley TubervilleSenateSale$15,001 - $50,0002026-07-16
2025-04-15Tommy TubervilleSenateSale$15,001 - $50,0002026-08-05
2025-04-15Thomas Hawley TubervilleSenateSale$15,001 - $50,0002026-08-05
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.70,543,988$8.9B9.05%
VANGUARD CAPITAL MANAGEMENT LLC50,837,658$6.4B6.52%
STATE STREET CORP44,953,588$5.7B5.77%
GEODE CAPITAL MANAGEMENT, LLC20,367,382$2.6B2.61%
VANGUARD PORTFOLIO MANAGEMENT LLC20,366,327$2.6B2.61%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/12,742,489$1.6B1.63%
FRANKLIN RESOURCES INC10,536,611$1.3B1.35%
FMR LLC9,703,239$1.2B1.24%
Sixth Street Partners Management Company, L.P.9,083,020$1.2B1.16%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC9,083,020$1.2B1.16%
BANK OF AMERICA CORP /DE/8,867,628$1.1B1.14%
MORGAN STANLEY8,155,614$1.0B1.05%
ROYAL BANK OF CANADA7,127,059$902.1M0.91%
GQG Partners LLC6,503,039$823.2M0.83%
NORTHERN TRUST CORP6,316,637$799.6M0.81%

Institutional ownership by quarter

2023-092026-0670.9%
% of shares held by 13F filers
2023-092026-062,472
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-302,47270.9%1771,129805135
2026-03-312,46169.3%2321,084820108
2025-12-312,37968.8%2661,004819142
2025-09-302,30672.6%1811,04574189
2025-06-302,25168.1%1601,023735119
2025-03-312,23767.5%234917767121
2024-12-312,16765.4%283875713120
2024-09-302,03666.4%19778977478
2024-06-301,94164.5%17076572485
2024-03-311,88664.1%155759724116
2023-12-311,87564.3%25363277893
2023-09-301,74963.7%109736645105

Schedule 13D / 13G filers

FiledFormFiler% of classShares
None on file.
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.12%$2.8B
VTI0.12%$2.8B
VTSAX0.12%$2.8B
VSMPX0.12%$2.8B
VFINX0.13%$2.3B
VFIAX0.13%$2.3B

Share structure

Shares outstanding779,702,000
Float777,480,042
Free float99.7%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$24.6B$28.8B$29.1B$30.4B$32.2B
Cost of revenue$12.7B$15.8B$15.3B$15.2B$22.1B
Gross profit$12.0B$13.0B$13.8B$15.2B$10.2B
R&D$0$0$0$0$0
SG&A$0$0$0$0$0
Operating income$5.5B$6.0B$7.1B$7.9B$8.6B
EBITDA$11.9B$12.4B$13.9B$15.0B$15.7B
Pretax income$4.0B$4.1B$4.8B$5.2B$5.7B
Income tax$268.0M$300.0M$438.0M$590.0M$642.0M
Net income$3.9B$2.5B$4.3B$4.5B$5.0B
EPS, diluted$4.94$3.17$5.43$5.71$6.31
Diluted shares769.0M770.0M771.0M772.0M777.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$341.0M$409.0M$253.0M$314.0M$245.0M
Receivables$3.5B$4.4B$4.1B$4.7B$4.2B
Inventory$3.1B$3.6B$4.3B$4.5B$4.6B
Total current assets$9.9B$13.2B$12.8B$12.9B$11.6B
PP&E, net$106.7B$112.8B$116.4B$124.5B$131.2B
Goodwill & intangibles$19.3B$19.3B$19.3B$19.3B$19.0B
Total assets$169.6B$178.1B$176.9B$186.3B$195.7B
Accounts payable$3.5B$4.8B$4.2B$5.5B$5.2B
Total current liabilities$15.9B$18.9B$17.3B$19.4B$21.0B
Long-term debt$59.7B$65.9B$72.5B$76.3B$1.0B
Total liabilities$118.5B$126.2B$126.7B$135.1B$142.7B
Shareholders' equity$51.1B$51.9B$50.2B$51.3B$53.0B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$3.6B$2.6B$2.9B$4.6B$5.0B
Depreciation & amortization$5.7B$5.8B$6.1B$6.4B$6.3B
Stock-based compensation$83.0M$0$0$0$0
Change in working capital−$1.2B−$3.2B$250.0M$1.2B−$616.0M
Operating cash flow$8.3B$5.9B$9.9B$12.3B$12.4B
Capital expenditure−$9.7B−$11.4B−$12.6B−$12.3B−$14.0B
Free cash flow−$1.4B−$5.4B−$2.7B$48.0M−$1.7B
Investing cash flow−$10.9B−$12.0B−$12.5B−$13.1B−$14.4B
Net debt issued / repaid$4.2B$8.1B$5.4B$4.7B$5.1B
Buybacks$0$0$0$0$0
Dividends paid−$3.1B−$3.2B−$3.2B−$3.2B−$3.3B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin43.4%40.6%47.3%50.1%54.0%
Operating margin21.7%21.7%24.3%26.1%26.6%
Net margin15.6%9.3%10.1%14.9%15.3%
FCF margin-5.7%-18.9%-9.4%0.2%25.4%
ROE8.0%5.4%6.0%9.1%9.7%
ROIC4.4%4.6%5.0%5.2%5.4%
ROA2.4%1.5%1.7%2.5%2.6%
Debt / equity1.381.521.641.701.75
Interest coverage2.7x2.7x2.6x2.5x2.6x
Current ratio0.620.700.740.670.55
Revenue growth+4.6%+15.2%+1.0%+4.5%+6.6%
EPS growth+178.1%−31.8%+10.3%+52.5%+9.5%
P/E at year end17.6x26.4x23.5x17.8x18.3x
EV / EBITDA at year end11.9x11.7x10.8x11.0x11.6x
FCF yield at year end-2.07%-7.72%-3.93%0.06%9.01%
Dividend payout79.7%119.1%110.0%71.2%0.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Electric Utilities and Infrastructure$22.6B$26.0B$26.8B$26.8B—
Gas Utilities and Infrastructure$2.0B$2.7B$2.2B$2.3B—
Other Revenues————$1.7B
Commercial Renewables$476.0M————
Other$29.0M$30.0M$37.0M——

Street estimates by fiscal year

Next report 2026-11-05 · consensus EPS $1.88 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$33.6B$32.9B – $34.1B$6.72$6.65 – $6.771318.1x
2027$35.2B$34.2B – $36.0B$7.17$7.14 – $7.221316.9x
2028$36.6B$33.6B – $38.2B$7.67$7.61 – $7.74815.8x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-04$1.30$1.43+10.0%$7.7B$7.6B−0.9%
2026-05-05$1.87$1.93+3.2%$8.4B$9.2B+8.8%
2026-02-10$1.49$1.50+0.7%$7.4B$7.9B+6.9%
2025-11-06$1.76$1.81+2.8%$8.6B$8.7B+1.2%
2025-08-05$1.18$1.25+5.9%$7.4B$7.5B+1.2%
2025-05-06$1.60$1.76+10.0%$8.1B$8.2B+2.4%
2025-02-13$1.65$1.66+0.6%$7.6B$7.4B−2.9%
2024-11-07$1.70$1.62−4.7%$8.1B$8.2B+1.2%
2024-08-06$1.02$1.18+15.7%$6.8B$7.2B+4.8%
2024-05-07$1.38$1.44+4.3%$7.6B$7.7B+1.3%
2024-02-08$1.54$1.51−1.9%$7.2B$7.2B−0.3%
2023-11-02$1.92$1.94+1.0%$8.1B$8.0B−1.7%
2023-08-08$0.98$0.91−7.1%$6.2B$6.6B+6.9%
2023-05-09$1.26$1.20−4.8%$6.6B$7.3B+10.9%
2023-02-09$1.06$1.11+4.7%$5.0B$7.0B+38.5%
2022-11-03$1.84$1.78−3.3%$7.4B$8.0B+7.9%
2022-08-04$1.07$1.14+6.5%$5.9B$6.7B+13.3%
2022-05-09$1.33$1.30−2.3%$6.4B$7.1B+12.0%
2022-02-10$0.96$0.94−2.1%$6.5B$6.2B−4.4%
2021-11-04$1.79$1.88+5.0%$7.0B$7.0B−1.0%
2021-08-05$1.10$1.15+4.5%$5.8B$5.8B0.0%
2021-05-10$1.20$1.26+5.0%$6.2B$6.2B−1.2%
2021-02-11$1.02$1.03+1.0%$5.8B$5.8B0.0%
2020-11-05$1.79$1.87+4.5%$6.4B$6.7B+4.7%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.306-150.406-220.406-290.507-060.407-130.507-200.607-270.608-030.708-100.408-170.308-240.408-31
Week ofNotionalSharesTrades
2026-08-31$416.3M3,454,43883,448
2026-08-24$341.7M2,815,86068,539
2026-08-17$430.7M3,499,78377,576
2026-08-10$720.1M5,877,921100,175
2026-08-03$632.6M5,107,780109,576
2026-07-27$580.2M4,526,27697,406

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1542.6%
DateShort shareShort volumeTotal volume
2026-10-1542.6%720,2971,692,206
2026-10-1447.1%631,2471,339,697
2026-10-1337.5%562,6051,500,629
2026-10-1257.2%619,0181,081,934
2026-10-0944.8%505,9391,129,570
2026-10-0854.4%762,4371,402,249
2026-10-0754.7%725,6351,327,241
2026-10-0640.8%698,3491,711,099
2026-10-0550.8%760,8231,498,630
2026-10-0247.4%632,1771,332,797
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.4Jan-1.2Feb+2.6Mar+1.8Apr-0.8May-0.1Jun+1.9Jul-0.0Aug+0.5Sep+1.9Oct+0.9Nov+1.4Dec
MonthAvg returnUp yearsYears
Jan+1.4%65%20
Feb−1.2%40%20
Mar+2.6%81%21
Apr+1.8%80%20
May−0.8%50%20
Jun−0.1%60%20
Jul+1.9%70%20
Aug−0.0%55%20
Sep+0.5%65%20
Oct+1.9%80%20
Nov+0.9%50%20
Dec+1.4%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1466.8
MFI84.8
ADX27.4
Stochastic %K / %D89.2 / 91.7
Williams %R-1.8
CCI178
TSI / signal3.6 / -17.2
Chaikin money flow0.12
ATR$1.78
Bollinger width8.0%
Volume vs 20-day avg0.93x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$115.88 (+4.8%)
SMA 50$118.94 (+2.1%)
SMA 200$122.54 (−0.9%)
EMA 21$117.39 (+3.5%)
EMA 50$118.76 (+2.3%)
EMA 200$120.81 (+0.5%)
Bollinger upper$120.49 (+0.8%)
Bollinger lower$111.28 (+9.2%)
Parabolic SAR$116.76 (+4.0%)
Open the live chart, 110+ indicators

About Duke Energy Corporation

Duke Energy Corporation, an energy provider operating across the United States with its various affiliates, structures its operations into three primary divisions: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure division is responsible for generating, transmitting, distributing, and retailing electricity across the Carolinas, Florida, and the Midwestern states. Its power generation relies on a diverse portfolio of fuel sources, including coal, hydroelectric, natural gas, oil, renewable technologies, and nuclear energy. Beyond direct retail sales, it also provides electricity at wholesale rates to various entities such as municipalities, electric cooperative utilities, and other load-serving organizations. This segment caters to approximately 8.2 million customers spanning six states within the Southeastern and Midwestern U.S., encompassing a service area of about 91,000 square miles, and boasts an impressive generating capacity of approximately 50,259 megawatts. The Gas Utilities and Infrastructure segment focuses on the distribution of natural gas to a broad customer base, including residential homes, commercial enterprises, industrial facilities, and power generation plants. It also manages, operates, and invests in essential pipeline transmission networks and natural gas storage facilities. This segment serves around 1.6 million customers in total, with roughly 1.1 million located in North Carolina, South Carolina, and Tennessee, and an additional 550,000 customers in southwestern Ohio and northern Kentucky. Through its Commercial Renewables division, Duke Energy is actively involved in the acquisition, development, construction, ownership, and operation of wind and solar power projects. This includes offering non-regulated renewable energy and energy storage solutions to a variety of clients, such as utility companies, electric cooperatives, municipal governments, and corporate entities. The division's portfolio comprises 23 wind farms, 178 solar installations, two battery storage sites, and 71 fuel cell locations, totaling a substantial capacity of 3,554 MW spread across 22 different states. Established in 1904, the company was initially known as Duke Energy Holding Corp. before adopting its current name, Duke Energy Corporation, in April 2005. Its corporate headquarters are situated in Charlotte, North Carolina.

https://www.duke-energy.com

Key executives

NameTitlePayBorn
Harry K. SiderisPresident, Chief Executive Officer & Director$3.5M1970
Kodwo Ghartey-TagoeExecutive VP & CEO of Duke Energy Carolinas & Natural Gas Business$2.1M1963
T. Preston Gillespie Jr.Executive Vice President of Nuclear Program Strategy$1.9M1963
Brian D. SavoyExecutive Vice President & Chief Financial Officer$1.9M1975
Louis E. RenjelExecutive VP, CEO of Duke Energy Florida & Midwest and Chief Corporate Affairs Officer$1.5M1974
Alexander Robert GlennExecutive Vice President & Chief Legal Officer—1965
Bonnie TitoneExecutive Vice President & Chief Administrative Officer—1974
Katherine NeebeSenior Vice President & Chief Communications Officer——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Lynn J. Good Vice Chairman, President, and Chief Executive Officer2014$1.2M$5.3M$1.1M$8.3M
Lloyd M. Yates Executive Vice President, Market Solutions and President, Carolinas Region2014$585,833$1.1M$339,994$4.3M
Marc E. Manly Executive Vice President and President, Commercial Portfolio2014$600,000$1.2M$326,616$2.8M
Dhiaa M. Jamil Executive Vice President and President, Regulated Generation2014$650,000$1.3M$387,634$2.6M
Steven K. Young Executive Vice President and Chief Financial Officer2014$535,418$771,522$292,495$1.8M

Employees

30k201829k201928k202028k202128k202227k202326k202426k2025

Dividends

Ex-dateAmountPaid
2026-11-13$1.0852026-12-16
2026-08-14$1.0852026-09-16
2026-05-15$1.0652026-06-16
2026-02-13$1.0652026-03-16
2025-11-14$1.0652025-12-16
2025-08-15$1.0652025-09-16
2025-05-16$1.0452025-06-16
2025-02-14$1.0452025-03-17

Moat model

Weak · Intangible Assets · 2026-06-30
Cost advantage57
Intangibles61
Switching costs42
Network effect35
Efficient scale50
Our component scores (0-100) and overall 49.9; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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