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▼ FY 2025 Summary Analysis
Annual report ending Dec 31, 2025Overview and Growth
Duke Energy CORP generated $31.74B of revenue in fiscal 2025, with net income of $4.97B and an operating cash inflow of $12.33B. The $31.74B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 5.6% above fiscal 2024 revenue of $30.05B, marking a year-over-year increase. On a per-share basis, diluted EPS was $6.31, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS increased by 10.5% from $5.71 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Asset turnover was 0.16x, relating the company’s annual revenue directly to the total assets reported at the period end.Profitability
The reported operating result was $8.63B, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 27.2%, showing how efficiently sales converted into operating profit. Net income came to $4.97B, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 15.7%, meaning that this portion of revenue remained as net income after all recognized expenses. Pretax income was $5.71B, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 18.0%, adding a pre-tax profitability layer between revenue and net income. Income tax expense totaled $642.00M, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 11.2%, without assuming a statutory-rate comparison. Net income equaled 9.4% of period-end equity, showing the earnings generated on shareholders’ book capital.Liquidity and Capital Structure
The company held $195.74B of assets against $142.72B of liabilities and $53.02B of equity, revealing how the asset base was financed. At period end, current assets of $11.61B compared with current liabilities of $21.05B, defining the company’s short-term resource position. Current assets covered only 0.55x of current liabilities, so current liabilities exceeded current assets at period end. Cash and equivalents totaled $245.00M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 1.2% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $87.21B of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 1.64x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 44.6%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 72.9%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 0.1% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 5.0% higher than fiscal 2024 assets of $186.34B, measuring the company’s own balance-sheet change.Cash Flow and Earnings Quality
Operating activities produced a cash inflow of $12.33B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 2.48x, showing the relationship between accrual earnings and operating cash. The cash-flow statement records $14.02B of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 113.7%, connecting investment intensity with the company’s cash-generation base. Negative free cash flow was $1.69B, leaving a cash deficit after capital spending and reducing financial flexibility. Relative to revenue, the post-investment cash deficit represented 5.3%. The cash deficit after capital spending represented 0.9% of the period-end asset base.
Based on the annual report for the fiscal year ending Dec 31, 2025.
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