Stocks Comparison
Duke Energy vs Xcel Energy: revenue, profit, margins and growth compared
Duke Energy brought in $32.2B of revenue in fiscal 2025, Xcel Energy $14.7B in fiscal 2025. Revenue changed by +6.2% at Duke Energy and +9.1% at Xcel Energy on the year before, so Xcel Energy grew faster. Duke Energy kept 15.4% of its revenue as net profit, Xcel Energy 13.8%. Free cash flow was -$1.7B at Duke Energy and -$6.8B at Xcel Energy.
Side by side, latest fiscal year
| DUK | XEL | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $32.2B | $14.7B |
| Revenue growth | +6.2% | +9.1% |
| Net income | $5B | $2B |
| Net margin | 15.4% | 13.8% |
| Free cash flow | -$1.7B | -$6.8B |
| Free cash flow margin | -5.3% | -46.5% |
| Earnings per share (diluted) | $6.31 | $3.42 |
| Cash | $245M | $274M |
| Debt | $87.2B | $32.3B |
| Price to earnings | 18.0 | 20.4 |
| Market value | $88.4B | $43.6B |
| Dividend yield | 3.72% | 3.27% |
| Rank by revenue in sector | #3 of 109 · Utilities | #22 of 109 · Utilities |
Over the years
Questions about Duke Energy and Xcel Energy
Which is bigger by revenue, Duke Energy or Xcel Energy?
Duke Energy is bigger by revenue: $32.2B in fiscal 2025, against $14.7B for Xcel Energy in fiscal 2025.
Which keeps more of its revenue as profit, Duke Energy or Xcel Energy?
Duke Energy had a net margin of 15.4% in fiscal 2025; Xcel Energy had 13.8% in fiscal 2025.
Which grew revenue faster, Duke Energy or Xcel Energy?
In their latest fiscal years revenue changed by +6.2% at Duke Energy and +9.1% at Xcel 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.