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Duke Energy vs Southern

Duke Energy and Southern are similar in size: $32.24bn and $29.55bn of revenue in their latest fiscal years. Southern grew faster (10.6% against 6.2%). Duke Energy kept more of each dollar of sales as profit: a net margin of 15.4% against 14.7%. Duke Energy carries less debt relative to equity (173.3% against 201.6%).

Latest fiscal yearDuke EnergyDUK, 2025SouthernSO, 2025
Revenue $32.24bn $29.55bn
Revenue growth 6.2% 10.6%
Net income $4.97bn $4.34bn
Operating margin 26.8% 24.7%
Net margin 15.4% 14.7%
Return on equity 9.7% 12.5%
Free cash flow −$1.69bn −$2.94bn
Cash $245m $1.64bn
Total debt $89.84bn $72.59bn
Debt to equity 173.3% 201.6%
Dividend per share $4.22 $2.94
Dividend yield 3.4% 2.9%
Share buybacks — —
Employees 26,441 —
Market value $98.67bn $106.90bn
Price vs our value range — —
Moat score 41 (Weak) 36 (Weak)
Insider trades, 12 months 0 buys, 12 sales 0 buys, 13 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.