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Duke Energy vs Public Service Enterprise: revenue, profit, margins and growth compared

Duke Energy brought in $32.2B of revenue in fiscal 2025, Public Service Enterprise $12.2B in fiscal 2025. Revenue changed by +6.2% at Duke Energy and +18.3% at Public Service Enterprise on the year before, so Public Service Enterprise grew faster. Duke Energy kept 15.4% of its revenue as net profit, Public Service Enterprise 17.3%. Free cash flow was -$1.7B at Duke Energy and $26M at Public Service Enterprise.

Side by side, latest fiscal year

DUKPEG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$32.2B$12.2B
Revenue growth+6.2%+18.3%
Net income$5B$2.1B
Net margin15.4%17.3%
Free cash flow-$1.7B$26M
Free cash flow margin-5.3%0.2%
Earnings per share (diluted)$6.31$4.22
Cash$245M$132M
Debt$87.2B$22.5B
Price to earnings18.015.9
Market value$88.4B$33.4B
Dividend yield3.72%3.76%
Rank by revenue in sector#3 of 109 · Utilities#27 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: $32.2BPEG FY2018: $9.7BPEG FY2019: $10.1BPEG FY2020: $9.6BPEG FY2021: $10.3BPEG FY2022: $11.2BPEG FY2023: $11.2BPEG FY2024: $10.3BPEG FY2025: $12.2BFY18FY19FY20FY21FY22FY23FY24FY25
DUK $32.2BPEG $12.2B
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: $5BPEG FY2018: $1.4BPEG FY2019: $1.7BPEG FY2020: $1.9BPEG FY2021: -$648MPEG FY2022: $1BPEG FY2023: $2.6BPEG FY2024: $1.8BPEG FY2025: $2.1BFY18FY19FY20FY21FY22FY23FY24FY25
DUK $5BPEG $2.1B
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%PEG FY2018: 14.8%PEG FY2019: 16.8%PEG FY2020: 19.8%PEG FY2021: -6.3%PEG FY2022: 9.2%PEG FY2023: 22.8%PEG FY2024: 17.2%PEG FY2025: 17.3%FY18FY19FY20FY21FY22FY23FY24FY25
DUK 15.4%PEG 17.3%
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%PEG FY2019: +3.9%PEG FY2020: -4.7%PEG FY2021: +7.4%PEG FY2022: +8.9%PEG FY2023: +0.1%PEG FY2024: -8.4%PEG FY2025: +18.3%FY19FY20FY21FY22FY23FY24FY25
DUK +6.2%PEG +18.3%
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: -$1.7BPEG FY2018: -$999MPEG FY2019: $213MPEG FY2020: $179MPEG FY2021: -$983MPEG FY2022: -$1.4BPEG FY2023: $481MPEG FY2024: -$1.2BPEG FY2025: $26MFY18FY19FY20FY21FY22FY23FY24FY25
DUK -$1.7BPEG $26M

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

Questions about Duke Energy and Public Service Enterprise

Which is bigger by revenue, Duke Energy or Public Service Enterprise?

Duke Energy is bigger by revenue: $32.2B in fiscal 2025, against $12.2B for Public Service Enterprise in fiscal 2025.

Which keeps more of its revenue as profit, Duke Energy or Public Service Enterprise?

Duke Energy had a net margin of 15.4% in fiscal 2025; Public Service Enterprise had 17.3% in fiscal 2025.

Which grew revenue faster, Duke Energy or Public Service Enterprise?

In their latest fiscal years revenue changed by +6.2% at Duke Energy and +18.3% at Public Service Enterprise.

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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