Duke Energy Corporation 5.625% (DUKB) 10-Year Financial Performance & Capital Metrics

DUKB • • Utilities

UtilitiesElectric UtilitiesIntegrated Electric UtilitiesMajor Multi-State Integrated Utilities

AboutDuke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Other. The Electric Utilities and Infrastructure segment conducts operations in regulated electric utilities in the Carolinas, Florida and the Midwest. The Gas Utilities and Infrastructure segment focuses on Piedmont, natural gas local distribution companies in Ohio and Kentucky, and natural gas storage and midstream pipeline investments. The Other segment includes interest expense on holding company debt, unallocated corporate costs, and Bison which is a wholly owned captive insurance company. The company was founded on April 30, 1904 and is headquartered in Charlotte, NC.Show more

Revenue $29.93B +4.7%
EBITDA $14.35B +9.1%
Net Income $4.52B +59.2%
Free Cash Flow $73M +102.7%
EBITDA Margin 47.92% +4.2%
Net Margin 15.11% +52.2%
ROE 8.92% +60.2%
Interest Coverage 2.34 -0.2%
Debt/Equity 1.67 +3.7%
Net Debt/EBITDA 5.93 -2.9%
CapEx / Revenue 41.02% -6.9%
CapEx Coverage 1.01 +28.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading near 52-week high
✓Trading at only 0.4x book value

✗Weaknesses

✗High leverage: 6.0x Debt/EBITDA

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.12%

5Y3.6%

3Y6.73%

TTM3.4%

Profit (Net Income) CAGR

10Y5.99%

5Y3.84%

3Y5%

TTM12.31%

EPS CAGR

10Y4.74%

5Y2.25%

3Y4.82%

TTM14.36%

ROCE

10Y Avg4.23%

5Y Avg4.06%

3Y Avg4.26%

Latest4.72%

Peer Comparison

Major Multi-State Integrated Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ETREntergy Corporation	42.73B	95.67	39.05	-2.2%	14.28%	10.71%		1.90
FEFirstEnergy Corp.	26.9B	46.57	27.39	4.68%	9.19%	9.38%		1.77
SOThe Southern Company	97.76B	88.78	22.25	5.83%	15.42%	11.65%	0.85%	1.81
AEPAmerican Electric Power Company, Inc.	63.77B	119.40	21.40	2.76%	17.08%	11.63%		1.70
DUKDuke Energy Corporation	92.46B	118.90	20.82	4.46%	15.71%	9.49%	0.05%	1.66
EXCExelon Corporation	44.52B	44.15	18.02	5.99%	11.6%	10.03%		1.73
SOJCThe Southern Company JR 2017B NT 77	22.25B	22.26	5.58	5.83%	15.42%	11.65%	0.9%	1.81
SOJDSouthern Company (The) Series 2	2.09K	20.87	5.23	5.83%	15.42%	11.65%	100%	1.81

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	22.35B	22.75B	23.57B	24.52B	25.08B	23.87B	24.62B	28.32B	28.6B	29.93B
Revenue Growth %	0.02%	0.02%	0.04%	0.04%	0.02%	-0.05%	0.03%	0.15%	0.01%	0.05%
Cost of Revenue	16.09B	15.96B	16.34B	17.79B	18.05B	17B	17.43B	15.18B	14.63B	14.74B
Gross Profit+	6.26B	6.8B	7.22B	6.73B	7.03B	6.86B	7.2B	13.14B	13.98B	15.2B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.34%	0.09%	0.06%	-0.07%	0.04%	-0.02%	0.05%	0.83%	0.06%	0.09%
Operating Expenses+	1.13B	1.14B	1.23B	1.28B	1.31B	1.34B	1.35B	7.13B	6.91B	7.27B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	8.19B	8.95B	9.52B	9.52B	10.27B	10.23B	10.6B	11.86B	13.15B	14.35B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-0.03%	0.09%	0.06%	0%	0.08%	-0%	0.04%	0.12%	0.11%	0.09%
Depreciation & Amortization+	3.05B	3.29B	3.53B	4.07B	4.55B	4.71B	4.76B	5.84B	6.08B	6.42B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	5.13B	5.66B	5.99B	5.45B	5.72B	5.53B	5.84B	6.01B	7.07B	7.93B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.04%	0.1%	0.06%	-0.09%	0.05%	-0.03%	0.06%	0.03%	0.18%	0.12%
Interest Expense+	1.61B	1.92B	1.99B	2.09B	2.2B	2.16B	2.21B	2.44B	3.01B	3.38B
Interest Coverage	3.18x	2.95x	3.02x	2.60x	2.60x	2.56x	2.65x	2.46x	2.35x	2.34x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	3.91B	3.73B	4.27B	3.07B	4.1B	839M	3.99B	4.08B	4.77B	5.19B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.26B	1.16B	1.2B	448M	519M	-236M	268M	300M	438M	590M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	2.86B	2.67B	3.06B	2.67B	3.75B	1.38B	3.91B	2.55B	2.84B	4.52B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.13%	-0.07%	0.15%	-0.13%	0.41%	-0.63%	1.84%	-0.35%	0.11%	0.59%
EPS (Diluted)+	4.12	3.86	4.37	3.77	5.09	1.72	4.94	3.17	5.43	5.69
EPS Growth %	0.15%	-0.06%	0.13%	-0.14%	0.35%	-0.66%	1.87%	-0.36%	0.71%	0.05%
EPS (Basic)	4.12	3.86	4.37	3.77	5.09	1.72	4.94	3.17	5.43	5.69
Diluted Shares Outstanding	694M	691M	700M	708M	729M	738M	769M	770M	771M	772M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	126.75B	139.47B	143.02B	150.57B	163.55B	167.28B	169.59B	183.34B	182.01B	190.74B
Asset Growth %	0.05%	0.1%	0.03%	0.05%	0.09%	0.02%	0.01%	0.08%	-0.01%	0.05%
PP&E (Net)+	73.78B	82.52B	86.39B	91.69B	103.78B	108.31B	105.29B	112.79B	116.41B	124.45B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	8.32B	8.04B	8.45B	9.71B	9.16B	8.68B	9.94B	13.22B	12.77B	12.95B
Cash & Equivalents	383M	392M	496M	583M	311M	453M	341M	582M	329M	398M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	3.75B	3.52B	3.25B	3.08B	3.23B	3.17B	3.11B	3.58B	4.29B	4.51B
Other Current Assets	1.93B	1.48B	1.6B	2.18B	1.98B	1.91B	2.97B	4.64B	4.02B	3.37B
Long-Term Investments	6.32B	7.13B	8.27B	8.13B	10.08B	10.18B	457M	9.1B	10.65B	11.81B
Goodwill	16.07B	19.43B	19.4B	19.3B	19.3B	19.3B	19.3B	19.3B	19.3B	19.3B
Intangible Assets	16.31B	226M	230M	246M	249M	295M	236M	265M	282M	277M
Other Assets	345M	15.42B	15.17B	16.31B	16.26B	15.62B	34.36B	23.4B	17.48B	17.55B
Total Liabilities	86.98B	98.43B	101.28B	106.73B	115.6B	118.1B	118.45B	131.49B	131.82B	139.48B
Total Debt+	42.5B	50.38B	54.44B	57.94B	62.9B	64.25B	68.26B	76.22B	80.64B	85.44B
Net Debt	42.12B	49.99B	53.95B	57.36B	62.37B	63.8B	67.92B	75.64B	80.32B	85.04B
Long-Term Debt	36.84B	44.62B	49.03B	50.35B	54.2B	54.91B	59.68B	66.45B	71.93B	75.82B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	952M	0	771M	2.22B	2.06B	2.04B	1.49B	1.44B	0
Total Current Liabilities+	11.4B	11.55B	12.48B	15.04B	14.75B	16.3B	15.93B	18.87B	17.28B	19.36B
Accounts Payable	2.35B	2.99B	3.04B	3.49B	3.49B	3.14B	3.53B	4.75B	4.23B	5.48B
Accrued Expenses	0	0	0	0	0	862M	1.45B	0	0	0
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	3.39B	3.75B	4.03B	4.74B	4.78B	5.01B	4.07B	5.83B	5.78B	5.74B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K
Other Liabilities	20.59B	20.44B	28.04B	27.59B	30.84B	30.69B	41.13B	29.46B	25.5B	27.01B
Total Equity+	39.77B	41.04B	41.74B	43.83B	47.95B	49.18B	51.14B	51.85B	50.19B	51.26B
Equity Growth %	-0.03%	0.03%	0.02%	0.05%	0.09%	0.03%	0.04%	0.01%	-0.03%	0.02%
Shareholders Equity	39.73B	41.03B	41.74B	43.82B	46.82B	47.96B	49.3B	49.32B	49.11B	50.13B
Minority Interest	44M	8M	-2M	17M	1.13B	1.22B	1.84B	2.53B	1.07B	1.13B
Common Stock	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M
Additional Paid-in Capital	0	0	0	0	0	43.77B	44.37B	44.86B	44.92B	45.49B
Retained Earnings	2.56B	2.38B	3.01B	3.11B	4.11B	2.47B	3.27B	2.64B	2.23B	3.43B
Accumulated OCI	37.97B	-93M	-67M	-92M	-130M	-237M	-303M	-140M	-6M	228M
Return on Assets (ROA)	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.02%	0.01%	0.02%	0.02%
Return on Equity (ROE)	0.07%	0.07%	0.07%	0.06%	0.08%	0.03%	0.08%	0.05%	0.06%	0.09%
Debt / Equity	1.07x	1.23x	1.30x	1.32x	1.31x	1.31x	1.33x	1.47x	1.61x	1.67x
Debt / Assets	0.34%	0.36%	0.38%	0.38%	0.38%	0.38%	0.4%	0.42%	0.44%	0.45%
Net Debt / EBITDA	5.15x	5.59x	5.67x	6.02x	6.07x	6.24x	6.41x	6.38x	6.11x	5.93x
Book Value per Share	57.31	59.39	59.62	61.91	65.78	66.64	66.5	67.34	65.09	66.39

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.68B	6.8B	6.62B	7.19B	8.21B	8.99B	8.33B	5.93B	9.89B	12.35B
Operating CF Growth %	0.01%	0.02%	-0.03%	0.08%	0.14%	0.1%	-0.07%	-0.29%	0.67%	0.25%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	2.64B	2.56B	3.06B	2.65B	3.75B	1.38B	3.91B	3.91B	4.3B	4.51B
Depreciation & Amortization	-3.05B	3.29B	3.53B	4.07B	4.55B	5.49B	4.76B	5.09B	5.25B	5.79B
Deferred Taxes	1.24B	900M	1.43B	1.08B	806M	54M	191M	-200M	3M	987M
Other Non-Cash Items	-145M	6.49B	6.9B	8.41B	-27M	2.52B	80M	312M	92M	-119M
Working Capital Changes	-307M	-7M	-1.23B	-1.16B	-873M	-531M	-690M	-3.27B	250M	1.18B
Capital Expenditures+	-6.77B	-7.9B	-8.05B	-9.39B	-11.12B	-9.91B	-9.71B	-11.37B	-12.6B	-12.28B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-5.28B	-11.53B	-8.44B	-10.06B	-11.11B	-10.31B	-9.4B	-10.6B	-12.21B	-13.1B
Acquisitions	-1.33B	-4.78B	-13M	41M	843M	426M	1.57B	1.38B	1.01B	47M
Purchase of Investments	-4.3B	-5.46B	-4.49B	-4.18B	-3.67B	-8.38B	-6.18B	-4.3B	-3.79B	-5.71B
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	2.89B	1.37B	10M	-281M	-506M	-398M	-1.19B	-644M	-650M	-960M
Cash from Financing+	-2.58B	4.27B	1.78B	2.96B	2.89B	1.3B	1.03B	4.75B	2.07B	812M
Dividends Paid	-2.25B	-2.33B	-2.45B	-2.47B	-2.67B	-2.81B	-3.11B	-3.18B	-3.24B	-3.21B
Dividend Payout Ratio %	0.79%	0.87%	0.8%	0.93%	0.71%	2.04%	0.8%	1.25%	1.14%	0.71%
Debt Issuance (Net)	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	17M	731M	0	1.84B	2.35B	2.75B	5M	9M	8M	405M
Share Repurchases	-1.5B	0	0	0	0	0	0	0	0	-1B
Other Financing	-12M	3M	4.23B	29M	-26M	-133M	-94M	-130M	-124M	-52M
Net Change in Cash+	-80M	9M	104M	87M	-50M	-80M	58M	71M	-253M	69M
Exchange Rate Effect	0	0	0	0	-1000K	-1000K	1000K	-1000K	-1000K	1000K
Cash at Beginning	463M	383M	392M	496M	583M	533M	453M	511M	582M	329M
Cash at End	383M	392M	496M	583M	533M	453M	511M	582M	329M	398M
Free Cash Flow+	-90M	-1.1B	-1.43B	-2.2B	-2.91B	-918M	-1.38B	-5.43B	-2.71B	73M
FCF Growth %	-1.07%	-11.26%	-0.29%	-0.54%	-0.32%	0.68%	-0.5%	-2.93%	0.5%	1.03%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.09%	6.6%	7.39%	6.23%	8.17%	2.84%	7.79%	4.95%	5.57%	8.92%
EBITDA Margin	36.63%	39.33%	40.39%	38.83%	40.95%	42.87%	43.06%	41.86%	45.99%	47.92%
Net Debt / EBITDA	5.15x	5.59x	5.67x	6.02x	6.07x	6.24x	6.41x	6.38x	6.11x	5.93x
Interest Coverage	3.18x	2.95x	3.02x	2.60x	2.60x	2.56x	2.65x	2.46x	2.35x	2.34x
CapEx / Revenue	30.27%	34.73%	34.17%	38.29%	44.35%	41.51%	39.46%	40.14%	44.07%	41.02%
Dividend Payout Ratio	78.78%	87.47%	80.09%	92.69%	71.18%	204.21%	79.68%	124.67%	114.19%	71.02%
Debt / Equity	1.07x	1.23x	1.30x	1.32x	1.31x	1.31x	1.33x	1.47x	1.61x	1.67x
EPS Growth	15.08%	-6.31%	13.21%	-13.73%	35.01%	-66.21%	187.21%	-35.83%	71.29%	4.79%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2023	2024
Electric Utilities and Infrastructure	-	-	-	-	-	-	-	-	26.92B	26.81B
Electric Utilities and Infrastructure Growth	-	-	-	-	-	-	-	-	-	-0.40%
Gas Utilities and Infrastructure	-	-	-	-	-	-	-	-	2.27B	2.32B
Gas Utilities and Infrastructure Growth	-	-	-	-	-	-	-	-	-	2.38%
Total Reportables	-	-	-	-	-	-	-	-	29.19B	-
Total Reportables Growth	-	-	-	-	-	-	-	-	-	-
Others	-	-	-	-	-	-	-	-	97M	-
Others Growth	-	-	-	-	-	-	-	-	-	-
Retail Electric	19.01B	18.7B	18.34B	18.18B	19.01B	19.75B	18.9B	19.41B	-	-
Retail Electric Growth	-	-1.64%	-1.91%	-0.88%	4.60%	3.85%	-4.29%	2.71%	-	-
Wholesale Electric	3.46B	3.3B	2.4B	2.48B	2.72B	2.62B	2.31B	2.63B	-	-
Wholesale Electric Growth	-	-4.65%	-27.31%	3.38%	9.72%	-3.68%	-11.76%	13.62%	-	-
Other Revenues	814M	848M	1.14B	1.24B	1.08B	1.04B	1.07B	1.13B	-	-
Other Revenues Growth	-	4.18%	34.91%	8.30%	-12.75%	-4.07%	3.09%	5.61%	-	-

Revenue by Geography

	2014	2015	2016	2017	2018	2019	2020	2021	2023	2024
North America	22.51B	22.37B	-	-	-	-	-	-	-	-
North America Growth	-	-0.61%	-	-	-	-	-	-	-	-
Latin America	1.42B	1.09B	-	-	-	-	-	-	-	-
Latin America Growth	-	-23.22%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Duke Energy Corporation 5.625% (DUKB) has a price-to-earnings (P/E) ratio of 4.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Duke Energy Corporation 5.625% (DUKB) reported $31.24B in revenue for fiscal year 2024. This represents a 115% increase from $14.53B in 2011.

Duke Energy Corporation 5.625% (DUKB) grew revenue by 4.7% over the past year. Growth has been modest.

Yes, Duke Energy Corporation 5.625% (DUKB) is profitable, generating $4.99B in net income for fiscal year 2024 (15.1% net margin).

Dividend & Returns

Yes, Duke Energy Corporation 5.625% (DUKB) pays a dividend with a yield of 16.80%. This makes it attractive for income-focused investors.

Duke Energy Corporation 5.625% (DUKB) has a return on equity (ROE) of 8.9%. This is below average, suggesting room for improvement.

Duke Energy Corporation 5.625% (DUKB) had negative free cash flow of $896.0M in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Duke Energy Corporation 5.625% (DUKB) has a dividend payout ratio of 71%. The dividend is reasonably covered.

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