Duke Energy (DUK) Operating Margin (2009 - 2026)
Duke Energy's Operating Margin came in at 29.69% for Q1 2026, up 1.29 percentage points from 28.40% a year earlier and up 3.00 percentage points from the prior quarter.
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Analysis
Duke Energy (DUK) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, Duke Energy reported Operating Margin of 27.16%, up 0.31 percentage points year-over-year; for FY2025, it came in at 26.76%, up 0.65 percentage points from FY2024.
- Operating Margin has increased in each of the last three years, with a five-year change of +7.20 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 26.11% in FY2024 (+1.78 pp), 24.33% in FY2023 (+3.43 pp), 20.90% in FY2022 (-1.44 pp) and 22.34% in FY2021 (+2.78 pp).
- The Q1 2026 figure represents the highest quarterly Operating Margin since Q3 2016.
- Year-over-year, Operating Margin increased in six of the last eight quarters, with an average year-over-year change of +1.08 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2021 (a gain of 16.40 percentage points), and the weakest in Q1 2022 (a drop of 5.56 percentage points).
- Business Quant data shows DUK's Operating Margin at 26.69% (Q4 2025), 27.32% (Q3 2025) and 24.37% (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 184.16 Bn | 170.91 Bn | - | 32.44% |
| 2 | Southern | 105.91 Bn | 96.97 Bn | 5.92 Bn | 25.46% |
| 3 | Duke Energy | 101.09 Bn | 97.35 Bn | 5.66 Bn | 26.99% |
| 4 | National Grid | 84.08 Bn | 56.38 Bn | - | - |
| 5 | American Electric Power | 70.48 Bn | 68.27 Bn | 4.75 Bn | 26.52% |
| 6 | Dominion Energy | 61.21 Bn | 59.20 Bn | - | 7.34% |
| 7 | Sempra | 54.16 Bn | 53.28 Bn | 2.89 Bn | 17.45% |
| 8 | Entergy | 52.47 Bn | 38.91 Bn | - | 33.93% |
| 9 | Xcel Energy | 50.70 Bn | 44.18 Bn | - | 28.55% |
| 10 | Exelon | 47.36 Bn | 42.68 Bn | - | 16.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.99% |
| Mar 31, 2026 | 29.69% |
| Dec 31, 2025 | 26.69% |
| Sep 30, 2025 | 27.32% |
| Jun 30, 2025 | 24.37% |
| Mar 31, 2025 | 28.40% |
| Dec 31, 2024 | 28.70% |
| Sep 30, 2024 | 26.29% |
| Jun 30, 2024 | 23.80% |
| Mar 31, 2024 | 25.59% |
| Dec 31, 2023 | 25.72% |
| Sep 30, 2023 | 26.41% |
| Jun 30, 2023 | 21.74% |
| Mar 31, 2023 | 23.01% |
| Dec 31, 2022 | 16.24% |
| Sep 30, 2022 | 26.22% |
| Jun 30, 2022 | 22.06% |
| Mar 31, 2022 | 18.74% |
| Dec 31, 2021 | 18.15% |
| Sep 30, 2021 | 25.26% |
API Access
Duke Energy Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=DUK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "DUK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=DUK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();