DUK Utilities

Duke Energy Corporation

$126.51-1.46%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Utilities
Industry: Utilities - Regulated Electric
Country: United States
Market cap: 98.6B USD
Enterprise value: 185.3B USD
Full-time employees: 26,441

Overall health

Strength: more profitable than most peersmore profitable than peers
Drawback: less short-term liquidity (current ratio 0.66 vs a peer median of 1.03)less liquidity (current ratio 0.66 vs peers 1.03)
Drawback: more debt relative to equity (1.67× vs a peer median of 1.19×)more debt vs equity (1.67× vs peers 1.19×)
About average: valuation and risk (debt, liquidity and share-price swings)valuation and risk

Ranks #150 of 348 utilities companies (top 44%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Duke Energy reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Profits growing faster than sales. Since 2022: revenue +11%, operating profit +43%.
Since 2022, Duke Energy's revenue grew 11% while operating profit grew 43%: each extra dollar of sales is adding more profit.

StockQuotient Score

52/ 100

Oct 5 52 → Nov 4 52

Valuation

Is the price right?

51/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield5.3%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.15Sector median: 0.0485 · MAD: 0.0319

EBITDA yield9.0%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.15Sector median: 0.0859 · MAD: 0.0250

Free cash flow yield-4.3%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score 0.00Sector median: 0.0000 · MAD: 0.0000

Other data (not scored)

Book yield55.5%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.6310 · MAD: 0.2684

Growth

Is it growing?

62/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 61 → 62

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ EPS growth
▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth7.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.35Sector median: 0.0172 · MAD: 0.1791

3-year revenue growth4.3%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.44Sector median: 0.0196 · MAD: 0.0523

Revenue growth5.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.39Sector median: 0.0254 · MAD: 0.0681

Profitability

Does it earn well?

60/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin28.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.12Sector median: 0.1864 · MAD: 0.0865

Return on assets2.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.04Sector median: 0.0266 · MAD: 0.0124

Return on invested capital5.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.09Sector median: 0.0524 · MAD: 0.0237

Other data (not scored)

Gross margin52.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3581 · MAD: 0.1545

Return on equity9.6%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0807 · MAD: 0.0381

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Beta
▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.34

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.66Sector median: 0.4590 · MAD: 0.1730

Current ratio0.66×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.03Sector median: 1.0330 · MAD: 0.3620

Debt / equity1.67×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.90Sector median: 1.1925 · MAD: 0.5265

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Duke Energy

Is Duke Energy getting weaker?: Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 52/100 since Oct 28, 2026.
How is Duke Energy valued vs its peers?: Priced about in line with its peers. Valuation scores 51/100 against 360 utilities peers.
Is Duke Energy growing?: Yes, faster than most of its peers. Growth scores 62/100 against 360 utilities peers. Earnings per share growth 7.9% vs a peer median of 1.7% (stronger than 64% of peers).Earnings per share growth 7.9% vs peers 1.7% (stronger than 64% of peers).
How profitable is Duke Energy?: More profitable than most of its peers. Profitability scores 60/100 against 360 utilities peers. Operating margin 28.3% vs a peer median of 18.6% (stronger than 79% of peers).Operating margin 28.3% vs peers 18.6% (stronger than 79% of peers).
How risky is Duke Energy?: Moderate risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Beta 0.34 vs a peer median of 0.46 (stronger than 65% of peers).Beta 0.34 vs peers 0.46 (stronger than 65% of peers). Current ratio 0.66× vs a peer median of 1.03× (weaker than 79% of peers).Current ratio 0.66× vs peers 1.03× (weaker than 79% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	32.5B USD	32.6B USD	+0.2%
Net income (12 months)	5.1B USD	5.2B USD	+2.1%
Operating margin	27.7%	28.3%	+0.6 pts
Free cash flow (12 months)	−3.3B USD	−4.3B USD	+29.6%
Debt	90.2B USD	91.2B USD	+1.1%
Cash	2.1B USD	673.0M USD	−68.6%
Shares outstanding	779.6M	779.7M	+0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Utilities - Regulated Electric · 29 companies

Valuations in Utilities - Regulated Electric are above their usual range since 2016.

67% of months since 2016 were valued lower than now.
24% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +18% and earnings +20% (medians): prices and earnings moved broadly together.
Median price-to-sales is +1% vs the whole market, against a usual +1%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	22.5%	21.0%	24.7%	26.4%	27.2%	▲ 0.8 pts
Net margin	16.0%	8.9%	9.9%	15.1%	15.7%	▲ 0.6 pts
Return on assets (ROA)	2.3%	1.4%	1.6%	2.4%	2.5%	▲ 0.1 pts
Return on equity (ROE)	7.9%	5.2%	5.8%	9.0%	9.6%	▲ 0.6 pts
Free cash flow margin	-5.8%	-19.0%	-9.5%	0.2%	-5.3%	▼ 5.5 pts
Current ratio	0.62×	0.70×	0.74×	0.67×	0.55×	▼ 18%
Debt to equity	1.36×	1.49×	1.62×	1.68×	1.73×	▲ 3.1%
Interest coverage	2.49×	2.46×	2.35×	2.34×	2.37×	▲ 1.3%

DUK price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Drawback: less short-term liquidity (current ratio 0.66 vs a peer median of 1.03)less liquidity (current ratio 0.66 vs peers 1.03)

Drawback: more debt relative to equity (1.67× vs a peer median of 1.19×)more debt vs equity (1.67× vs peers 1.19×)

About average: valuation and risk (debt, liquidity and share-price swings)valuation and risk

Ranks #150 of 348 utilities companies (top 44%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

Duke Energy reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Profits growing faster than sales. Since 2022: revenue +11%, operating profit +43%.

Since 2022, Duke Energy's revenue grew 11% while operating profit grew 43%: each extra dollar of sales is adding more profit.

Questions investors ask about Duke Energy

Is Duke Energy getting weaker?

Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 52/100 since Oct 28, 2026.

How is Duke Energy valued vs its peers?

Priced about in line with its peers. Valuation scores 51/100 against 360 utilities peers.

Is Duke Energy growing?

Yes, faster than most of its peers. Growth scores 62/100 against 360 utilities peers. Earnings per share growth 7.9% vs a peer median of 1.7% (stronger than 64% of peers).Earnings per share growth 7.9% vs peers 1.7% (stronger than 64% of peers).

How profitable is Duke Energy?

More profitable than most of its peers. Profitability scores 60/100 against 360 utilities peers. Operating margin 28.3% vs a peer median of 18.6% (stronger than 79% of peers).Operating margin 28.3% vs peers 18.6% (stronger than 79% of peers).

How risky is Duke Energy?

Moderate risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Beta 0.34 vs a peer median of 0.46 (stronger than 65% of peers).Beta 0.34 vs peers 0.46 (stronger than 65% of peers). Current ratio 0.66× vs a peer median of 1.03× (weaker than 79% of peers).Current ratio 0.66× vs peers 1.03× (weaker than 79% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

32.5B USD

32.6B USD

+0.2%

Net income (12 months)

5.1B USD

5.2B USD

+2.1%

Operating margin

27.7%

28.3%

+0.6 pts

Free cash flow (12 months)

−3.3B USD

−4.3B USD

+29.6%

Debt

90.2B USD

91.2B USD

+1.1%

Cash

2.1B USD

673.0M USD

−68.6%

Shares outstanding

779.6M

779.7M

+0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

22.5%

21.0%

24.7%

26.4%

27.2%

▲ 0.8 pts

Net margin

16.0%

8.9%

9.9%

15.1%

15.7%

▲ 0.6 pts

Return on assets (ROA)

2.3%

1.4%

1.6%

2.4%

2.5%

▲ 0.1 pts

Return on equity (ROE)

7.9%

5.2%

5.8%

9.0%

9.6%

▲ 0.6 pts

Free cash flow margin

-5.8%

-19.0%

-9.5%

0.2%

-5.3%

▼ 5.5 pts

Current ratio

0.62×

0.70×

0.74×

0.67×

0.55×

▼ 18%

Debt to equity

1.36×

1.49×

1.62×

1.68×

1.73×

▲ 3.1%

Interest coverage

2.49×

2.46×

2.35×

2.34×

2.37×

▲ 1.3%