30 years of historical data (1996–2025) · Utilities · Regulated Electric
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Duke Energy Corporation trades at 20.7x earnings, roughly in line with its 5-year average of 21.8x, sitting at the 76th percentile of its historical range. This is roughly in line with the Utilities sector median P/E of 21.0x. On a free-cash-flow basis, the stock trades at 8.3x P/FCF, 99% below the 5-year average of 870.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $101.8B | $91.1B | $83.2B | $74.8B | $79.3B | $80.7B | $67.6B | $66.5B | $61.1B | $58.9B | $53.6B |
| Enterprise Value | $192.4B | $181.7B | $168.1B | $155.0B | $153.8B | $148.6B | $131.4B | $128.9B | $118.6B | $113.4B | $104.4B |
| P/E Ratio → | 20.74 | 18.58 | 18.87 | 17.87 | 32.49 | 21.23 | 53.23 | 18.03 | 22.89 | 19.29 | 24.96 |
| P/S Ratio | 3.16 | 2.83 | 2.74 | 2.57 | 2.76 | 3.28 | 2.89 | 2.65 | 2.49 | 2.50 | 2.36 |
| P/B Ratio | 1.92 | 1.72 | 1.62 | 1.49 | 1.53 | 1.58 | 1.37 | 1.39 | 1.39 | 1.41 | 1.31 |
| P/FCF | 8.25 | 7.39 | 1732.82 | — | — | — | — | — | — | — | — |
| P/OCF | 8.25 | 7.39 | 6.75 | 7.57 | 13.38 | 9.73 | 7.63 | 8.10 | 8.50 | 8.89 | 7.89 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Duke Energy Corporation's enterprise value stands at 12.9x EBITDA, roughly in line with its 5-year average of 12.4x. The Utilities sector median is 9.4x, placing the stock at a 38% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.64 | 5.54 | 5.33 | 5.35 | 6.04 | 5.62 | 5.14 | 4.84 | 4.81 | 4.59 |
| EV / EBITDA | 12.91 | 12.19 | 11.72 | 11.79 | 12.97 | 13.31 | 13.06 | 11.84 | 12.64 | 11.73 | 11.50 |
| EV / EBIT | 22.43 | 19.44 | 19.60 | 19.92 | 23.60 | 23.97 | 43.55 | 20.45 | 22.95 | 18.14 | 18.48 |
| EV / FCF | — | 14.74 | 3501.90 | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Duke Energy Corporation earns an operating margin of 26.6%, above the Utilities sector average of 21.0%. Operating margins have expanded from 24.3% to 26.6% over the past 3 years, signaling improving operational efficiency. ROE of 9.5% is modest. ROIC of 4.6% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.6% | 31.6% | 50.1% | 47.3% | 45.1% | 48.6% | 48.6% | 46.1% | 42.9% | 45.4% | 42.3% |
| Operating Margin | 26.6% | 26.6% | 26.1% | 24.3% | 20.9% | 22.3% | 19.6% | 22.8% | 19.1% | 23.9% | 22.9% |
| Net Profit Margin | 15.4% | 15.4% | 14.9% | 14.8% | 8.9% | 15.9% | 5.9% | 14.9% | 10.9% | 13.0% | 11.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.5% | 9.5% | 8.9% | 8.4% | 5.0% | 7.8% | 2.8% | 8.2% | 6.2% | 7.4% | 6.6% |
| ROA | 2.6% | 2.6% | 2.5% | 2.4% | 1.5% | 2.4% | 0.9% | 2.5% | 1.9% | 2.3% | 2.1% |
| ROIC | 4.6% | 4.6% | 4.5% | 4.1% | 3.7% | 3.6% | 3.1% | 4.0% | 3.6% | 4.5% | 4.5% |
| ROCE | 5.0% | 5.0% | 4.9% | 4.4% | 3.8% | 3.7% | 3.2% | 4.2% | 3.7% | 4.6% | 4.5% |
Solvency and debt-coverage ratios — lower is generally safer
Duke Energy Corporation carries a Debt/EBITDA ratio of 6.1x, which is highly leveraged (44% above the sector average of 4.2x). Net debt stands at $90.6B ($90.9B total debt minus $245M cash). Interest coverage of just 2.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.71 | 1.71 | 1.66 | 1.60 | 1.44 | 1.33 | 1.30 | 1.31 | 1.32 | 1.30 | 1.23 |
| Debt / EBITDA | 6.10 | 6.10 | 5.94 | 6.12 | 6.32 | 6.12 | 6.37 | 5.76 | 6.18 | 5.63 | 5.55 |
| Net Debt / Equity | — | 1.71 | 1.66 | 1.60 | 1.44 | 1.33 | 1.30 | 1.30 | 1.31 | 1.31 | 1.24 |
| Net Debt / EBITDA | 6.08 | 6.08 | 5.92 | 6.10 | 6.28 | 6.08 | 6.35 | 5.73 | 6.13 | 5.64 | 5.59 |
| Debt / FCF | — | 7.35 | 1769.08 | — | — | — | — | — | — | — | — |
| Interest Coverage | 2.36 | 2.36 | 2.34 | 2.35 | 2.46 | 2.49 | 2.11 | 2.59 | 2.24 | 2.83 | 3.01 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.55x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.74x to 0.55x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.55 | 0.55 | 0.67 | 0.74 | 0.70 | 0.62 | 0.53 | 0.62 | 0.65 | 0.68 | 0.70 |
| Quick Ratio | 0.33 | 0.33 | 0.44 | 0.49 | 0.51 | 0.43 | 0.34 | 0.40 | 0.44 | 0.42 | 0.39 |
| Cash Ratio | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 |
| Asset Turnover | — | 0.16 | 0.16 | 0.16 | 0.16 | 0.15 | 0.14 | 0.16 | 0.17 | 0.17 | 0.17 |
| Inventory Turnover | 4.83 | 4.83 | 3.36 | 3.57 | 4.41 | 4.07 | 3.79 | 4.18 | 4.54 | 3.98 | 3.72 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Duke Energy Corporation does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 4.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 3.9% | 4.3% | 4.0% | 3.9% | 4.2% | 4.0% | 4.0% | 4.2% | 4.3% |
| Payout Ratio | — | — | 71.2% | 75.5% | 124.7% | 79.7% | 204.2% | 71.2% | 92.7% | 80.1% | 87.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 5.4% | 5.3% | 5.6% | 3.1% | 4.7% | 1.9% | 5.5% | 4.4% | 5.2% | 4.0% |
| FCF Yield | 12.1% | 13.5% | 0.1% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 3.9% | 4.3% | 4.0% | 3.9% | 4.2% | 4.0% | 4.0% | 4.2% | 4.3% |
| Shares Outstanding | — | $777M | $772M | $771M | $770M | $769M | $738M | $729M | $708M | $700M | $691M |
Compare DUK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| DUKYou | $102B | 20.7 | 12.9 | 8.3 | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
| XEL | $49B | 24.2 | 15.1 | — | 45.7% | 17.8% | 10.4% | 3.8% | 5.7 |
| ETR | $48B | 27.4 | 14.2 | — | 29.9% | 23.6% | 10.9% | 5.0% | 5.5 |
| PEG | $43B | — | 15.8 | 18.6 | 69.0% | 24.5% | 12.8% | 5.6% | 5.7 |
| WEC | $38B | 24.2 | 10.9 | — | 50.5% | 24.2% | 5.8% | 4.6% | 1.0 |
| AEE | $31B | 21.2 | 13.8 | — | 29.6% | 23.0% | 11.3% | 4.7% | 5.4 |
| FTS | $29B | 23.1 | 13.4 | — | 45.6% | 28.7% | 7.0% | 4.4% | 6.2 |
| ES | $29B | 33.6 | 12.9 | — | 31.1% | 22.7% | 5.5% | 4.8% | 6.5 |
| ED | $26B | 20.0 | 5.1 | 5.9 | 81.0% | 17.3% | 8.8% | 6.0% | 0.1 |
| DTE | $21B | 21.0 | 5.3 | 7.6 | 84.9% | 15.0% | 12.2% | 7.2% | 0.6 |
| LNT | $19B | 26.9 | 17.4 | — | 44.7% | 22.3% | 10.0% | 4.0% | 6.3 |
| Utilities Median | — | 21.0 | 9.4 | 8.1 | 46.6% | 21.0% | 9.4% | 5.0% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonDuke Energy Corporation's current P/E ratio is 20.7x. The historical average is 17.7x. This places it at the 76th percentile of its historical range.
Duke Energy Corporation's current EV/EBITDA is 12.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.0x.
Duke Energy Corporation's return on equity (ROE) is 9.5%. The historical average is 8.0%.
Based on historical data, Duke Energy Corporation is trading at a P/E of 20.7x. This is at the 76th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Duke Energy Corporation has 31.6% gross margin and 26.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Duke Energy Corporation's Debt/EBITDA ratio is 6.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.