Duke Energy Corporation (DUK)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,841,000 | 1,200,000 | 1,370,000 | 2,497,000 | 2,550,000 | 3,932,000 | 3,915,000 | 3,773,000 | 3,908,000 | 3,099,000 | 2,998,000 | 1,431,000 | 1,377,000 | 2,114,000 | 2,152,000 | 3,786,000 | 3,748,000 | 3,538,000 | 3,278,000 | 2,946,000 |
| Revenue (ttm) | US$ in thousands | 26,046,000 | 25,986,000 | 26,113,000 | 26,340,000 | 26,329,000 | 25,616,000 | 24,639,000 | 23,747,000 | 22,817,000 | 22,413,000 | 22,242,000 | 21,923,000 | 21,557,000 | 21,631,000 | 21,652,000 | 21,938,000 | 22,144,000 | 22,196,000 | 21,910,000 | 21,706,000 |
| Net profit margin | 10.91% | 4.62% | 5.25% | 9.48% | 9.69% | 15.35% | 15.89% | 15.89% | 17.13% | 13.83% | 13.48% | 6.53% | 6.39% | 9.77% | 9.94% | 17.26% | 16.93% | 15.94% | 14.96% | 13.57% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,841,000K ÷ $26,046,000K
= 10.91%
The net profit margin of Duke Energy Corp. has exhibited some fluctuation over the past eight quarters. In Q4 2023, the net profit margin was 9.41%, showing a significant increase from the previous quarter's 3.84%. This improvement suggests that Duke Energy Corp. was able to generate a higher proportion of profit relative to its revenues during this period.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022) when the net profit margin was 8.50%, the company has also shown growth in its profitability over the one-year period. However, it is essential to note that the net profit margin in Q4 2023 was still slightly lower compared to the peak levels observed in Q3 and Q2 2022 when it reached 13.57% and 14.11%, respectively.
Analyzing these trends, it can be inferred that Duke Energy Corp. has experienced some variability in its net profit margin performance, but overall, the company has demonstrated the ability to maintain a healthy level of profitability. This metric should be considered in conjunction with other financial ratios and factors to gain a comprehensive understanding of Duke Energy Corp.'s financial health and operational efficiency.
Peer comparison
Dec 31, 2023