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Duke Energy DUK Gross Profit

Discontinued — last reported Q4 '20

Gross Profit at other companies

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$1.11B+32.8%
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$505.3M+14.2%
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$863.95M+19.5%
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GE VernovaGEV
$1.78B+21.2%
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$477.9M+53.6%
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American Electric PowerAEP

Other financials

Income statement

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Revenue$7.4B+3.1%
Operating income$1.8B+7.2%
Net income$984.0M+9.3%
EPS (diluted)$1.25+10.6%

Balance sheet

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Cash & equivalents$442.0M-8.5%
Total debt$82.4B+2.8%
Total equity$50.9B+2.4%
Total assets$189.71B+4.5%

Cash flow

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Operating cash flow$2.9B-3.1%
CapEx$3.3B+9.5%
Free cash flow-$417.0M-870%

Valuation

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Market cap$96.46B+17.5%
Enterprise value$178.4B+10.1%
P/E19.9×+0.7×
P/S3.1×+0.4×

Profitability

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Gross margin74%
Operating margin27.2%+1.6pp
Net margin15.7%+1.3pp

Returns & leverage

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Return on equity9.6%+0.9pp
Debt / equity1.6×0.0×
Current ratio0.7×-0.2×

Where this comes from

Calculated from Duke Energy’s reported figures.

The official record: Duke Energy’s 10-K, filed February 27, 2023, on SEC EDGAR. View the filing →

Questions, answered.

What does gross profit mean?
Gross profit is the money a company makes after subtracting the direct costs of providing its services.
How do you interpret gross profit?
An increase in gross profit suggests improved operational efficiency or higher margins on energy delivery, while a decrease may indicate rising fuel costs or regulatory constraints on pricing. It helps investors assess the underlying profitability of the utility's core business model before overhead expenses.
How does gross profit compare across companies?
In the regulated utility sector, gross profit margins are generally stable and heavily influenced by fuel adjustment clauses and rate case outcomes, making them comparable across peer utilities with similar generation mixes.