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Regulated electric and natural-gas utility serving the Carolinas, Florida, Indiana, Ohio and Kentucky.
Regulated electric and natural-gas utility serving the Carolinas, Florida, Indiana, Ohio and Kentucky.
Earns an allowed return, set by state regulators in each state it serves, on the plants and wires it owns; customers pay through regulated rates and fuel costs are largely passed through. Spending on the grid and on new gas and nuclear plants raises the asset base it earns on, so growth depends on regulators approving rate cases.
Moat: narrow (regulatory licence, scale). State-regulated monopoly territories with guaranteed cost-of-service rate recovery.
Headquarters: Charlotte, North Carolina, US · Founded: 2005
Size Duke Energy (DUK) is a United States Utilities company (Electric Utilities) with a market value of $99.6B, the 124th largest of 3,117 United States companies the cockpit tracks. Shares closed at $127.78 on 6 Nov 2026.
Performance Over six months the shares gained 3.8%, against +1.3% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 6.3% over the last twelve months (peer median +6.4%); the operating margin is 26.6% (peer median 20.6%).
Valuation It trades at 18.2× forward earnings against a peer median of 18.5× (9th cheapest of 21).
Capital Return on invested capital runs 1.3 points below its cost of capital (5.9% WACC).
Credit Duke Energy has 117 bonds outstanding ($67.8B), rated A by the agencies and trading like A- at a weighted spread of 79 bp.
Short interest Short interest is 2.3% of the free float (15 Oct 2026).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $33.2B | $32.2B | $30.4B | $29.1B | $28.8B |
| Revenue growth | — | +6% | +4% | +1% | — |
| Gross profit | $10.4B | $10.2B | $9.40B | $8.50B | $7.89B |
| EBITDA | $15.5B | $14.9B | $13.7B | $12.4B | $11.5B |
| Net income | $5.25B | $4.96B | $4.51B | $4.30B | $2.55B |
| Free cash flow | -$4.25B | -$1.67B | $73.0M | -$2.71B | -$5.43B |
| Capital expenditure | $15.8B | $14.0B | $12.3B | $12.6B | $11.4B |
| Total debt | $92.2B | $91.1B | $85.4B | $80.6B | $76.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Duke Energy DUK | $99.6B | +4% | +6% | 27% | 18.2× | n/a |
| Southern SO | $106B | +1% | +6% | 24% | 20.0× | n/a |
| Dominion Energy D | $60.3B | +12% | +23% | 29% | 18.7× | n/a |
| NextEra Energy NEE | $182B | -6% | +13% | 30% | 21.0× | 18.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DUK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.4% | +7.6% | 6th highest of 21 |
| 6-month return | +3.8% | +1.3% | 8th highest of 21 |
| Distance from 52-week high | -4.2% | -7.0% | 5th highest of 21 |
| Revenue growth (TTM) | +6.3% | +6.4% | 10th lowest of 21 |
| Operating margin | 26.6% | 20.6% | 5th highest of 21 |
| Forward P/E | 18.2× | 18.5× | 9th cheapest of 21 |
| ROIC minus cost of capital | -1.3 pp | -1.2 pp | 10th lowest of 21 |
| EV / EBITDA | 12.5× | 13.6× | 7th cheapest of 20 |
| Net debt / EBITDA | 5.9× | 4.5× | 5th most indebted of 20 |
| Bond spread | 79 bp | 85 bp | 3rd tightest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Duke Energy DUK | United States | $99.6B | +4% | +6% | 27% | 18.2× | n/a | n/a |
| Southern SO | United States | $106B | +1% | +6% | 24% | 20.0× | n/a | n/a |
| Enel ENEL.MI | Italy | $108B | 0% | 0% | 16% | 13.4× | 6.2% | +3.8% |
| China Yangtze Power 600900.SS | China | $110B | +9% | 0% | 51% | 21.2× | 1.5% | +8.5% |
| Constellation Energy CEG | United States | $88.6B | -18% | +21% | 15% | 20.5× | 20.3% | +8.8% |
| National Grid NG..L | United Kingdom | $84.5B | -2% | -4% | 29% | 13.8× | n/a | n/a |
| Engie ENGI.PA | France | $69.0B | -11% | -5% | 13% | 11.7× | 5.8% | +10.2% |
| American Electric Power AEP | United States | $68.9B | -3% | +10% | 24% | 18.5× | n/a | n/a |
| Dominion Energy D | United States | $60.3B | +12% | +23% | 29% | 18.7× | n/a | n/a |
| Iberdrola IBE.MC | Spain | $168B | +16% | +1% | 21% | 21.9× | 11.4% | +5.8% |
| E.on EOAN.DE | Germany | $55.9B | +4% | -8% | 7% | 17.5× | n/a | n/a |
| NextEra Energy NEE | United States | $182B | -6% | +13% | 30% | 21.0× | 18.8% | +9.2% |
| Entergy ETR | United States | $52.8B | -1% | +11% | 24% | 22.8× | n/a | n/a |
| Xcel Energy XEL | United States | $51.1B | +1% | +4% | 22% | 18.1× | n/a | n/a |
| Endesa ELE.MC | Spain | $51.0B | +21% | +6% | 17% | 18.4× | 0.5% | +4.7% |
| Rwe RWE.DE | Germany | $50.4B | +2% | -34% | 0% | 18.6× | n/a | n/a |
| Exelon EXC | United States | $47.2B | +5% | +7% | 20% | 15.2× | n/a | n/a |
| Consolidated Edison ED | United States | $43.7B | +12% | +10% | 18% | 18.5× | n/a | n/a |
| Sse SSE.L | United Kingdom | $43.2B | +7% | +1% | 19% | 14.2× | n/a | n/a |
| Vistra VST | United States | $41.9B | -15% | +9% | 19% | 12.8× | 12.5% | +10.1% |
| Adani Power ADANIPOWER.NS | India | $41.6B | -11% | +8% | 23% | 29.4× | n/a | n/a |
Duke Energy has 117 bonds outstanding with $67.8B face value. The agencies rate it A; its bonds trade like A-. Weighted yield 5.68%, a spread of 79 bp over government bonds.