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Duke Energy vs Nextera Energy: revenue, profit, margins and growth compared

Duke Energy brought in $32.2B of revenue in fiscal 2025, Nextera Energy $27.4B in fiscal 2025. Revenue changed by +6.2% at Duke Energy and +10.7% at Nextera Energy on the year before, so Nextera Energy grew faster. Duke Energy kept 15.4% of its revenue as net profit, Nextera Energy 24.9%.

Side by side, latest fiscal year

DUKNEE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$32.2B$27.4B
Revenue growth+6.2%+10.7%
Net income$5B$6.8B
Net margin15.4%24.9%
Free cash flow-$1.7Bn/a
Free cash flow margin-5.3%n/a
Earnings per share (diluted)$6.31$3.30
Cash$245M$2.8B
Debt$87.2B$93.1B
Price to earnings18.023.1
Market value$88.4B$158.7B
Dividend yield3.72%2.98%
Rank by revenue in sector#3 of 109 · Utilities#6 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: $32.2BNEE FY2018: $16.7BNEE FY2019: $19.2BNEE FY2020: $18BNEE FY2021: $18.8BNEE FY2022: $23BNEE FY2023: $28.1BNEE FY2024: $24.8BNEE FY2025: $27.4BFY18FY19FY20FY21FY22FY23FY24FY25
DUK $32.2BNEE $27.4B
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: $5BNEE FY2018: $6.6BNEE FY2019: $3.8BNEE FY2020: $2.9BNEE FY2021: $3.6BNEE FY2022: $4.1BNEE FY2023: $7.3BNEE FY2024: $6.9BNEE FY2025: $6.8BFY18FY19FY20FY21FY22FY23FY24FY25
DUK $5BNEE $6.8B
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%NEE FY2018: 39.7%NEE FY2019: 19.6%NEE FY2020: 16.2%NEE FY2021: 19.0%NEE FY2022: 18.0%NEE FY2023: 26.0%NEE FY2024: 28.1%NEE FY2025: 24.9%FY18FY19FY20FY21FY22FY23FY24FY25
DUK 15.4%NEE 24.9%
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%NEE FY2019: +14.8%NEE FY2020: -6.3%NEE FY2021: +4.5%NEE FY2022: +22.3%NEE FY2023: +22.2%NEE FY2024: -12.0%NEE FY2025: +10.7%FY19FY20FY21FY22FY23FY24FY25
DUK +6.2%NEE +10.7%
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: -$1.7BFY18FY19FY20FY21FY22FY23FY24FY25
DUK -$1.7BNEE

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

Questions about Duke Energy and Nextera Energy

Which is bigger by revenue, Duke Energy or Nextera Energy?

Duke Energy is bigger by revenue: $32.2B in fiscal 2025, against $27.4B for Nextera Energy in fiscal 2025.

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

Duke Energy had a net margin of 15.4% in fiscal 2025; Nextera Energy had 24.9% in fiscal 2025.

Which grew revenue faster, Duke Energy or Nextera Energy?

In their latest fiscal years revenue changed by +6.2% at Duke Energy and +10.7% at Nextera Energy.

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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