Duke Energy Corporation (DUK)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,841,000 | 2,550,000 | 3,908,000 | 1,377,000 | 3,748,000 |
| Revenue | US$ in thousands | 26,046,000 | 26,329,000 | 22,817,000 | 21,706,000 | 22,144,000 |
| Net profit margin | 10.91% | 9.69% | 17.13% | 6.34% | 16.93% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,841,000K ÷ $26,046,000K
= 10.91%
The net profit margin of Duke Energy Corp. has fluctuated over the past five years, ranging from 5.32% in 2020 to 15.15% in 2021. The net profit margin for the most recent year, ending on December 31, 2023, stood at 9.41%. This indicates that the company generated a profit of 9.41 cents for every dollar of revenue in 2023. Overall, the net profit margin has shown variability, reflecting changes in the company's profitability and efficiency in managing costs and expenses relative to its revenue. Further analysis is recommended to understand the factors driving these fluctuations and to assess the sustainability of Duke Energy Corp.'s profitability.
Peer comparison
Dec 31, 2023