# Duke Energy Corporation (DUK) — Stock CV

Duke Energy Corporation is a $90.9B utility company. Revenue grew 6.3% over the last year, it keeps 16¢ of every dollar of sales as profit, and it carries $82.5B of net debt. It trades at 17.3× earnings — near the lowest of its own history.

> Duke Energy is one of the largest US utilities, with subsidiaries in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity to more than 8 million customers. Its natural gas utilities serve more than 1.6 million customers.

## Identity

- **Ticker**: DUK
- **Sector**: Utilities
- **Industry**: Electric & Other Services Combined
- **Headquarters**: CHARLOTTE, NC
- **Employees**: 26 441
- **Website**: https://www.duke-energy.com
- **Market cap**: $90.9B
- **Last price**: $116.56
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $33.3B
- **Net income**: $5.25B
- **Free cash flow**: -$4.27B
- **Net debt**: $82.5B
- **P/E**: 17.3
- **Revenue growth (YoY)**: 6.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 65 |
| Growth | 54 |
| Profitability | 62 |
| Health | 15 |
| Quality | 65 |
| Moat | 31 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [x] Revenue growing — +6.3% YoY
- [x] Profitable — $5.25B TTM
- [x] Profit growing — +24.5% YoY
- [ ] Generates cash — -$4.27B TTM
- [ ] Debt under control — current ratio 0.66
- [x] Established company — $90.9B market cap
- [x] Not printing shares — +5.3% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 10/100
- [x] Pays a dividend — yield 3.72%
- [x] Valuation not extreme — P/E 17.3

## Experience (career milestones)

- **FY2025** — Best year on record: $4.97B net income
- **2017** — Duke decided to seek permission from the North Carolina Utility Commission to cancel the project due…
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $22.7B in first reported year
- **2016** — Duke Energy purchased Piedmont Natural Gas for $4.9 billion to become its wholly owned subsidiary
- **Jul 3, 2012** — Duke Energy merged with Progress Energy Inc with the Duke Energy name retained along with the…
- **Jan 3, 2007** — Duke Energy spun off its gas business to form Spectra Energy
- **2006** — Duke Energy also acquired Chatham, Ontario-based Union Gas
- **1997** — Duke Power merged with PanEnergy, a natural gas company, in 1997 to form Duke Energy
- **1988** — Nantahala Power & Light Co., which served southwestern North Carolina, was purchased by Duke from Alcoa
- **1905** — Duke and his partner James Blaney to invest in the Southern Power Company, founded in 1905

## Strengths

- High gross margin (46.0%)

## Watch-outs

- Negative free cash flow (-$4.3B)

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $25.1B | $3.91B | -$370M |
| FY2022 | $28.3B | $2.44B | -$5.44B |
| FY2023 | $28.6B | $2.73B | -$2.73B |
| FY2024 | $30.4B | $4.52B | $48.0M |
| FY2025 | $32.2B | $4.97B | -$1.69B |

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Source: https://stockcv.com/DUK — derived from company filings; may be delayed or incomplete. Information, not investment advice.