Income Statement Research
Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
Commentary
A written read of the filing-backed figures above. The statement itself remains the source of truth.
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Over the five-year period, Duke Energy’s revenue increased steadily from US$24,486 million in 2021 to US$31,741 million in 2025. This upward trajectory is mirrored by growth in gross profit, which moved from US$5,353 million in 2021 to US$8,085 million in 2025, indicating effective cost management over time. Operating income showed consistent improvement as well, rising from US$5,500 million in 2021 to US$8,626 million in 2025, with annual growth rates ranging loosely from about 8% to 17%. These figures suggest that the company has maintained effective operational control and competitiveness in a regulated utility environment, where steady demand and long-term infrastructure investments typically support sustainable earnings. Net income, however, displayed more pronounced volatility. After demonstrating robust performance with US$3,908 million in 2021, net income fell sharply by over 34% to US$2,550 million in 2022 before gradually recovering to US$4,968 million by 2025. This sizable year-over-year decline in 2022, followed by a strong rebound by 2024, might indicate the impact of non-operating factors, such as changes in tax provisions, interest expenses, or other adjustments external to core operations. Overall, while net income fluctuations warrant careful monitoring, the solid revenue growth and rising operating income, coupled with enhancing gross profit margins, signal that Duke Energy’s financial performance remains robust and its long-term sustainability in the utility sector appears sound.
This analysis is for informational purposes only and does not constitute financial advice or a recommendation for any investment decision. Please consult a qualified financial professional for personalised guidance.
Snapshot
Duke Energy CORP's top line, gross profit, operating income, and bottom-line conversion. Values in USD millions.
Revenue
+6.7%Compound growth, FY2021 to FY2025
Gross profit
FY2025Latest annual filing, FY2025
Operating Income
+11.9%Compound growth, FY2021 to FY2025
Net income
+6.2%Compound growth, FY2021 to FY2025
Headline results
Four lines, five fiscal years, straight from the filings.
Duke Energy CORP headline income statement — FY2025
Trend
The same four lines drawn across the window.
All values shown in USD millions unless noted otherwise.
Line items
The full annual income statement layer for Duke Energy CORP, from revenue down to share counts.
Statement basis
USD millions, except per-share and share-count rows.
Duke Energy CORP expanded income statement — FY2025
Expanded annual statement lines sourced from the SEC EDGAR database for Duke Energy CORP.
Margins
How much of Duke Energy CORP's revenue survives through gross profit, operating income, and net income.
Gross margin
N/AFY2025, versus FY2021
Operating Margin
+471 bpsFY2025, versus FY2021
Net income margin
-31 bpsFY2025, versus FY2021
Observation window
yearsFY2021 through FY2025
Margin table
Side-by-side read of gross, operating and net margin.
Duke Energy CORP margins — FY2025
Margin trend
The shape of profitability across the window.
Margins are calculated from annual SEC facts using reported revenue as the denominator.
Year on year
Every headline line of Duke Energy CORP's statement measured against the immediately prior period.
Revenue YoY
FY2024FY2025 versus FY2024
Gross profit YoY
FY2024FY2025 versus FY2024
Op. income YoY
FY2024FY2025 versus FY2024
Net income YoY
FY2024FY2025 versus FY2024
Year-on-year table
Contractions are tinted so slowdowns are obvious.
Duke Energy CORP year-on-year change — FY2025
Momentum
Whether the business is accelerating or rolling over.
Year-on-year change compares each annual period against the immediately prior year inside the selected window.
Compound growth
Compounded annual growth from FY2021 to FY2025, which filters out one-year noise.
Revenue CAGR
4yrFY2021 to FY2025
Gross profit CAGR
4yrFY2021 to FY2025
Op. income CAGR
4yrFY2021 to FY2025
Net income CAGR
4yrFY2021 to FY2025
Compound rates use the first and last reported year in the window, so a gap in either endpoint suppresses the figure.