DUK
Duke Energy Corporation
DUK's fundamentals are mixed: revenue grew 7.2%, but free cash flow was negative. At 19x earnings, it's trading below its usual 22x. Analysts expect earnings growth.
DUK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Weak | |
| Weak |
DUK's profitability is currently strong, and its revenue is stable, but its cash flow and balance sheet are weak.
DUK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 18x | $129 | — |
| Cheap | 19x | $129 | +0.6% |
| Current | 19x | $129 | — |
| Fair | 21x | $147 | +14% |
| Expensive | 33x | $226 | +76% |
Historical ranges are pointers, not guarantees.
DUK's PE is in its cheap range at 19x. On analysts' estimates for next year's earnings, today's price would be 18x.
DUK Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for DUK, but weaker profitability.
DUK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.99 | +2.4% |
| Q3 2026 | $6.83 | +7.4% |
| Q2 2026 | $6.65 | +8.1% |
| Q1 2026 | $6.52 | +8.1% |
| Q4 2025 | $6.31 | +11% |
| Q3 2025 | $6.36 | +17% |
| Q2 2025 | $6.15 | +13% |
| Q1 2025 | $6.03 | +52% |
| Q4 2024 | $5.71 | +61% |
DUK's earnings per share have climbed steadily: $6.83 over the past year, up 7.4% from the year before, and higher year over year for 12 quarters in a row.
DUK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $9.1B | +8.6% |
| Q2 2026 | $7.6B | +3% |
| Q1 2026 | $9B | +9.5% |
| Q4 2025 | $7.8B | +7.4% |
| Q3 2025 | $8.4B | +3.1% |
| Q2 2025 | $7.4B | +3.1% |
| Q1 2025 | $8.2B | +9.1% |
| Q4 2024 | $7.2B | +0.4% |
DUK's revenue has grown year over year for 11 quarters in a row: $9.1B last quarter, up 8.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | +2.3 points |
| Q2 2026 | 27% | +2.2 points |
| Q1 2026 | 30% | +1.8 points |
| Q4 2025 | 27% | -1.9 points |
| Q3 2025 | 28% | +1.5 points |
| Q2 2025 | 25% | +0.9 points |
| Q1 2025 | 29% | +2.5 points |
| Q4 2024 | 29% | +3.5 points |
DUK's operating margin was 30% last quarter, up 2.3 points from the same quarter a year ago, near the top of its range since 2019.
DUK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$709M | -496% |
| Q2 2026 | -$1.4B | -$975M |
| Q1 2026 | -$2.6B | -$1.6B |
| Q4 2025 | -$485M | -268% |
| Q3 2025 | $179M | -67% |
| Q2 2025 | -$417M | -$374M |
| Q1 2025 | -$971M | -$237M |
| Q4 2024 | $288M | +$1B |
DUK has burned cash in most quarters: −$5.2B over the past year, against −$921M the year before.
DUK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +1M shares |
| 1 year | +0.3% | +2M shares |
| 3 years | +1.2% | +9M shares |
| 5 years | +1.4% | +11M shares |
| Available history | +7% | +51M shares |
DUK has 780M diluted shares, about the same as a year ago.
DUK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.4x | High |
| Q2 2026 | 5.3x | High |
| Q1 2026 | 5.2x | High |
| Q4 2025 | 5.5x | High |
| Q3 2025 | 5.5x | High |
| Q2 2025 | 5.7x | High |
| Q1 2025 | 5.8x | High |
| Q4 2024 | 5.9x | High |
DUK's net debt is about 5.4 years of its operating earnings (EBITDA), about the same as a year ago.
DUK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.3 | Neutral |
| Stochastic | 75.8 | Neutral |
DUK's weekly RSI is 59 (neutral) and its Stochastic is 76 (neutral).
DUK PE vs Utilities Sector
| Metric | DUK | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 20x | 7.7% below |
| PE % | 15 | 44 | 29 pts below |
DUK is trading at 19x earnings, in line with the Utilities sector's median of 20x.
DUK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $121.8 | 5.6% above |
| 20 week MA | $122.8 | 4.7% above |
| 50 week MA | $123.7 | 3.9% above |
| 100 week MA | $121.2 | 6.1% above |
| 200 week MA | $110.2 | 17% above |
DUK is in an uptrend: it's above all five of its weekly moving averages, and 17% above its 200-week average.
DUK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $91.0 | $89.7 | -1.4% |
| 2021 | $89.7 | $103.0 | +15% |
| 2022 | $103.0 | $103.0 | 0% |
| 2023 | $103.0 | $97.0 | -5.8% |
| 2024 | $97.0 | $108.3 | +12% |
| 2025 | $108.3 | $117.2 | +8.2% |
| 2026 YTD | $117.2 | $128.6 | +9.7% |
DUK has finished higher in four of the last six years. It's up 9.7% so far in 2026.