Duke Energy
ConvictionModerate
Rate-regulated monopoly: earns a state-commission-authorized return on a growing rate base; revenue set by rate cases, fuel is largely a pass-through, growth funded by capex-into-rate-base plus debt and equity.
Revenue
$32.2BFY2025Rev growth
+6.2% FY2025 y/yFY2024 $30.4B); +11.3% y/y in Q1 2026 ($9.18BGross margin
n/a - regulated utility reports no standalone gross-margin linefuel/purchased power is largely a pass-throughOp margin
~27%FY2025 operating income ~$8.6B on $32.2B revenueCapex intensity
very high - ~43% of revenueFY2025 capex $14.0B); five-year plan raised to $103B (2026-2030Market cap
~$101BNYSE: DUK, ~$129.80/share, early July 2026The read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for Duke Energy
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence