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Duke Energy vs Consolidated Edison: revenue, profit, margins and growth compared

Duke Energy brought in $32.2B of revenue in fiscal 2025, Consolidated Edison $17B in fiscal 2025. Revenue changed by +6.2% at Duke Energy and +10.2% at Consolidated Edison on the year before, so Consolidated Edison grew faster. Duke Energy kept 15.4% of its revenue as net profit, Consolidated Edison 11.9%.

Side by side, latest fiscal year

DUKED
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$32.2B$17B
Revenue growth+6.2%+10.2%
Net income$5B$2B
Net margin15.4%11.9%
Free cash flow-$1.7Bn/a
Free cash flow margin-5.3%n/a
Earnings per share (diluted)$6.31$5.64
Cash$245M$1.6B
Debt$87.2B$25.8B
Price to earnings18.018.3
Market value$88.4B$38.1B
Dividend yield3.72%n/a
Rank by revenue in sector#3 of 109 · Utilities#15 of 109 · Utilities

Over the years

Revenue
DUK FY2018: $24.5BDUK FY2019: $25.1BDUK FY2020: $23.4BDUK FY2021: $24.6BDUK FY2022: $28.8BDUK FY2023: $29.1BDUK FY2024: $30.4BDUK FY2025: $32.2BED FY2018: $12.3BED FY2019: $12.6BED FY2020: $12.2BED FY2021: $13.7BED FY2022: $15.7BED FY2023: $14.7BED FY2024: $15.5BED FY2025: $17BFY18FY19FY20FY21FY22FY23FY24FY25
DUK $32.2BED $17B
Net income
DUK FY2018: $2.7BDUK FY2019: $3.7BDUK FY2020: $1.4BDUK FY2021: $3.9BDUK FY2022: $2.6BDUK FY2023: $2.8BDUK FY2024: $4.5BDUK FY2025: $5BED FY2018: $1.4BED FY2019: $1.3BED FY2020: $1.1BED FY2021: $1.3BED FY2022: $1.7BED FY2023: $2.5BED FY2024: $1.8BED FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25
DUK $5BED $2B
Net margin
DUK FY2018: 10.9%DUK FY2019: 14.9%DUK FY2020: 5.9%DUK FY2021: 15.9%DUK FY2022: 8.9%DUK FY2023: 9.8%DUK FY2024: 14.9%DUK FY2025: 15.4%ED FY2018: 11.2%ED FY2019: 10.7%ED FY2020: 9.0%ED FY2021: 9.8%ED FY2022: 10.6%ED FY2023: 17.2%ED FY2024: 11.8%ED FY2025: 11.9%FY18FY19FY20FY21FY22FY23FY24FY25
DUK 15.4%ED 11.9%
Revenue growth
DUK FY2019: +2.3%DUK FY2020: -6.8%DUK FY2021: +5.4%DUK FY2022: +16.8%DUK FY2023: +1.0%DUK FY2024: +4.5%DUK FY2025: +6.2%ED FY2019: +1.9%ED FY2020: -2.6%ED FY2021: +11.7%ED FY2022: +14.6%ED FY2023: -6.4%ED FY2024: +5.5%ED FY2025: +10.2%FY19FY20FY21FY22FY23FY24FY25
DUK +6.2%ED +10.2%
Free cash flow
DUK FY2018: -$2.2BDUK FY2019: -$2.9BDUK FY2020: -$1.1BDUK FY2021: -$1.4BDUK FY2022: -$5.4BDUK FY2023: -$2.7BDUK FY2024: $48MDUK FY2025: -$1.7BED FY2018: -$2.6BED FY2019: -$542MED FY2020: -$1.9BED FY2021: -$1.2BED FY2022: -$530MFY18FY19FY20FY21FY22FY23FY24FY25
DUK -$1.7BED -$530M

Fiscal years as each company reports them; the two may end in different months.

Questions about Duke Energy and Consolidated Edison

Which is bigger by revenue, Duke Energy or Consolidated Edison?

Duke Energy is bigger by revenue: $32.2B in fiscal 2025, against $17B for Consolidated Edison in fiscal 2025.

Which keeps more of its revenue as profit, Duke Energy or Consolidated Edison?

Duke Energy had a net margin of 15.4% in fiscal 2025; Consolidated Edison had 11.9% in fiscal 2025.

Which grew revenue faster, Duke Energy or Consolidated Edison?

In their latest fiscal years revenue changed by +6.2% at Duke Energy and +10.2% at Consolidated Edison.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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