Electric power holding company serving millions of customers across the Southeast and Midwest United States.
Profile & Fundamentals
Duke Energy: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Duke Energy Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Duke Energy Corporation, through its subsidiaries, operates as an energy company in the United States. The company operates through two segments: Electric Utilities and Infrastructure (EU&I); and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity to customers in the Southeast and Midwest regions. It generates electricity through coal, hydroelectric, natural gas, oil, renewables, and nuclear fuel. This segment also engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities. The GU&I segment distributes natural gas to customers in the residential, commercial, industrial, and power generation natural gas sectors; and invests in pipeline transmission projects, renewable natural gas projects, and natural gas storage facilities. The company was formerly known as Duke Energy Holding Corp. and changed its name to Duke Energy Corporation in April 2006. Duke Energy Corporation was founded in 1904 and is headquartered in Charlotte, North Carolina.
Company profile record
Duke Energy Corporation
Common Stock · Utilities · Electric Utilities
Company
- Company / asset
- Duke Energy Corporation
- Security type
- Common Stock
- Sector
- Utilities
- Industry
- Electric Utilities
- HQ
- 🇺🇸 United States
- Head office
- 525 South Tryon Street, Charlotte, NC, United States, 28202
Leadership & scale
- Chief executive
- Mr. Harry K. Sideris
- CEO year born
- 1970
- Full-time employees
- 26.4K
- Fiscal year end
- December
- IPO date
- 1983-04-06
Fundamentals snapshot
- Market Cap
- USD 90.1B
- P/E
- 17.2x
- Revenue (Q2 26)
- USD 7.6B
- Profit (Q2 26)
- USD 1.1B
- Dividend Yield
- 2.6%
- Revenue (FY 25)
- USD 32.2B
- Shares in public float
- 777.5M
- Insider ownership
- 0.13%
Reporting & identifiers
- Symbol
- DUK.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US26441C2044
- Asset ID
- equity_ab48b1a2-e6f0-57d6-bac6-8b9ab8c9ab4f
Ownership
Shares Outstanding
Latest: 779.0M | Max: 779.0M | Min: 700.0M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
99.80%
777.5M latest reported shares
Insider Ownership
0.13%
Latest reported insider stake
Short Float
0.03%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 700,000,000 |
| 2018-01-01 | 708,000,000 |
| 2019-01-01 | 729,000,000 |
| 2020-01-01 | 753,500,000 |
| 2021-01-01 | 769,000,000 |
| 2022-01-01 | 770,000,000 |
| 2023-01-01 | 771,000,000 |
| 2024-01-01 | 773,000,000 |
| 2025-01-01 | 777,000,000 |
| 2026-01-01 | 779,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 69,323,870 | 8.89% | 2026-03-31 |
| Vanguard Capital Management, LLC | 50,526,603 | 6.48% | 2026-03-31 |
| State Street Corp | 44,532,642 | 5.71% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 24,734,494 | 3.17% | 2026-08-31 |
| Vanguard 500 Index Investor | 20,714,133 | 2.66% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 20,078,558 | 2.58% | 2026-03-31 |
| Geode Capital Management, LLC | 20,047,801 | 2.57% | 2026-03-31 |
| Massachusetts Financial Services Company | 14,391,296 | 1.85% | 2026-03-31 |
| State Street®UtilSelSectSPDR®ETF | 12,920,438 | 1.66% | 2026-08-31 |
| Morgan Stanley - Brokerage Accounts | 12,679,831 | 1.63% | 2026-03-31 |
| FMR Inc | 10,752,153 | 1.38% | 2026-03-31 |
| iShares Core S&P 500 ETF | 10,381,381 | 1.33% | 2026-08-31 |
| Franklin Templeton Inc | 10,370,071 | 1.33% | 2026-03-31 |
| Fidelity 500 Index | 10,080,947 | 1.29% | 2026-07-31 |
| State Street® SPDR® S&P 500® ETF | 9,544,557 | 1.22% | 2026-08-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Top-line revenues and accounting earnings have demonstrated steady improvement across recent reporting periods, supported by state-approved utility rate adjustments and expanding electricity consumption from industrial and commercial clients. Regulated operating earnings consistently benefit from customer additions in growing Sunbelt communities, helping the company absorb normal weather fluctuations and rising operational costs. However, headline accounting net income masks a persistent financial reality: cash flows from everyday operations remain insufficient to fund the company's enormous construction programs. While reported earnings per share show dependable low-single-digit expansion, true cash conversion remains constrained. Looking beneath the headline figures, the business model functions exactly as regulated utility design intends. Rather than selling electricity into volatile wholesale spot markets, revenues are tethered to approved rate formulas that steadily turn completed capital projects into recognized profit. The key financial takeaway for investors is that recurring accounting profits are well protected by state statutes, but genuine free cash flow will remain deeply negative as long as heavy grid construction continues.
Top-line revenues and accounting earnings have demonstrated steady improvement across recent reporting periods, supported by state-approved utility rate adjustments and expanding electricity consumption from industrial and commercial clients. Regulated operating earnings consistently benefit from customer additions in growing Sunbelt communities, helping the company absorb normal weather fluctuations and rising operational costs. However, headline accounting net income masks a persistent financial reality: cash flows from everyday operations remain insufficient to fund the company's enormous construction programs. While reported earnings per share show dependable low-single-digit expansion, true cash conversion remains constrained. Looking beneath the headline figures, the business model functions exactly as regulated utility design intends. Rather than selling electricity into volatile wholesale spot markets, revenues are tethered to approved rate formulas that steadily turn completed capital projects into recognized profit. The key financial takeaway for investors is that recurring accounting profits are well protected by state statutes, but genuine free cash flow will remain deeply negative as long as heavy grid construction continues.
Revenue, Net Income, and Free Cash Flow
Latest: USD 32.2B | Max: USD 32.2B | Min: USD -5.4B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 18x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Operating profit margins have shown remarkable resilience, holding firm near twenty-seven percent, while net profit margins sit reliably around fifteen percent. This margin stability is not the result of competitive commercial pricing power, but rather the statutory protection of regulated rate riders and fuel adjustment clauses. When wholesale natural gas or coal prices swing erratically, the utility automatically passes those commodity costs directly through to retail customer meter bills, effectively shielding core operational margins from volatile commodity cycles. However, investors must recognize that regulatory structures also place a firm ceiling on future profitability. State utility commissions legally cap authorized return on equity near ten percent, mandating that operational efficiency gains achieved through digital smart grids be eventually shared with retail ratepayers. Because operating margins cannot widen indefinitely, long-term profit expansion depends entirely on expanding the underlying volume of physical infrastructure rather than charging higher discretionary profit markups.
Operating profit margins have shown remarkable resilience, holding firm near twenty-seven percent, while net profit margins sit reliably around fifteen percent. This margin stability is not the result of competitive commercial pricing power, but rather the statutory protection of regulated rate riders and fuel adjustment clauses. When wholesale natural gas or coal prices swing erratically, the utility automatically passes those commodity costs directly through to retail customer meter bills, effectively shielding core operational margins from volatile commodity cycles. However, investors must recognize that regulatory structures also place a firm ceiling on future profitability. State utility commissions legally cap authorized return on equity near ten percent, mandating that operational efficiency gains achieved through digital smart grids be eventually shared with retail ratepayers. Because operating margins cannot widen indefinitely, long-term profit expansion depends entirely on expanding the underlying volume of physical infrastructure rather than charging higher discretionary profit markups.
Profitability Margins
Latest: 31.6% | Max: 50.1% | Min: 5.9%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
31.6%
Gross profit / revenue
Operating Margin
26.6%
Operating income / revenue
Net Margin
15.4%
Net income / revenue
FCF Margin
-5.2%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 22,743,000,000 | 2,666,000,000 | -1,103,000,000 |
| 2017-12-31 | 23,565,000,000 | 3,059,000,000 | -1,428,000,000 |
| 2018-12-31 | 24,521,000,000 | 2,666,000,000 | -2,203,000,000 |
| 2019-12-31 | 25,079,000,000 | 3,748,000,000 | -2,913,000,000 |
| 2020-12-31 | 23,366,000,000 | 1,377,000,000 | -1,051,000,000 |
| 2021-12-31 | 25,097,000,000 | 3,579,000,000 | -1,425,000,000 |
| 2022-12-31 | 28,768,000,000 | 2,550,000,000 | -5,440,000,000 |
| 2023-12-31 | 29,060,000,000 | 4,296,000,000 | -2,726,000,000 |
| 2024-12-31 | 30,357,000,000 | 4,510,000,000 | 48,000,000 |
| 2025-12-31 | 32,237,000,000 | 4,968,000,000 | -1,672,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 18.35 | Trailing four quarters |
| 2024-12-31 | 18.47 | Trailing four quarters |
| 2023-12-31 | 25.37 | Trailing four quarters |
| 2022-12-31 | 31.1 | Annual net income |
| 2021-12-31 | 22.54 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 42.34 | 22.87 | 11.72 | -4.85 |
| 2017-12-31 | 45.42 | 23.87 | 12.98 | -6.06 |
| 2018-12-31 | 42.94 | 19.11 | 10.87 | -8.98 |
| 2019-12-31 | 46.09 | 22.76 | 14.94 | -11.62 |
| 2020-12-31 | 48.59 | 19.56 | 5.89 | -4.5 |
| 2021-12-31 | 48.19 | 21.41 | 14.26 | -5.68 |
| 2022-12-31 | 45.11 | 20.9 | 8.86 | -18.91 |
| 2023-12-31 | 47.34 | 24.33 | 14.78 | -9.38 |
| 2024-12-31 | 50.06 | 26.11 | 14.86 | 0.16 |
| 2025-12-31 | 31.56 | 26.61 | 15.41 | -5.19 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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