vs
Side-by-side financial comparison of Duke Energy (DUK) and ENTERPRISE PRODUCTS PARTNERS L.P. (EPD). Click either name above to swap in a different company.
ENTERPRISE PRODUCTS PARTNERS L.P. is the larger business by last-quarter revenue ($14.4B vs $7.8B, roughly 1.9× Duke Energy). Duke Energy runs the higher net margin — 15.2% vs 10.4%, a 4.8% gap on every dollar of revenue. On growth, Duke Energy posted the faster year-over-year revenue change (7.4% vs -6.7%). ENTERPRISE PRODUCTS PARTNERS L.P. produced more free cash flow last quarter ($1.9B vs $-485.0M). Over the past eight quarters, ENTERPRISE PRODUCTS PARTNERS L.P.'s revenue compounded faster (3.3% CAGR vs 1.6%).
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.
Enterprise Products Partners L.P. is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Dan Duncan was the majority owner until his death in 2010.
DUK vs EPD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.8B | $14.4B |
| Net Profit | $1.2B | $1.5B |
| Gross Margin | — | — |
| Operating Margin | 27.3% | 13.2% |
| Net Margin | 15.2% | 10.4% |
| Revenue YoY | 7.4% | -6.7% |
| Net Profit YoY | -1.7% | 6.4% |
| EPS (diluted) | $1.49 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $14.4B | ||
| Q4 25 | $7.8B | $13.8B | ||
| Q3 25 | $8.4B | $12.0B | ||
| Q2 25 | $7.4B | $11.4B | ||
| Q1 25 | $8.2B | $15.4B | ||
| Q4 24 | $7.2B | $14.2B | ||
| Q3 24 | $8.1B | $13.8B | ||
| Q2 24 | $7.2B | $13.5B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $984.0M | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $900.0M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 27.0% | ||
| Q3 25 | — | 28.6% | ||
| Q2 25 | — | 30.5% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | — | 24.6% | ||
| Q2 24 | — | 24.5% |
| Q1 26 | — | 13.2% | ||
| Q4 25 | 27.3% | 14.7% | ||
| Q3 25 | 27.9% | 14.0% | ||
| Q2 25 | 24.8% | 15.8% | ||
| Q1 25 | 28.5% | 11.4% | ||
| Q4 24 | 29.2% | 13.9% | ||
| Q3 24 | 26.4% | 12.9% | ||
| Q2 24 | 23.9% | 13.1% |
| Q1 26 | — | 10.4% | ||
| Q4 25 | 15.2% | 11.9% | ||
| Q3 25 | 17.0% | 11.1% | ||
| Q2 25 | 13.3% | 12.6% | ||
| Q1 25 | 16.8% | 9.0% | ||
| Q4 24 | 16.6% | 11.4% | ||
| Q3 24 | 15.8% | 10.3% | ||
| Q2 24 | 12.6% | 10.4% |
| Q1 26 | — | — | ||
| Q4 25 | $1.49 | — | ||
| Q3 25 | $1.81 | — | ||
| Q2 25 | $1.25 | — | ||
| Q1 25 | $1.76 | — | ||
| Q4 24 | $1.54 | — | ||
| Q3 24 | $1.60 | — | ||
| Q2 24 | $1.13 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $245.0M | — |
| Total DebtLower is stronger | $80.1B | — |
| Stockholders' EquityBook value | $51.8B | — |
| Total Assets | $195.7B | — |
| Debt / EquityLower = less leverage | 1.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $245.0M | $969.0M | ||
| Q3 25 | $688.0M | $206.0M | ||
| Q2 25 | $344.0M | $870.0M | ||
| Q1 25 | $475.0M | $220.0M | ||
| Q4 24 | $314.0M | $583.0M | ||
| Q3 24 | $376.0M | $1.4B | ||
| Q2 24 | $390.0M | $138.0M |
| Q1 26 | — | — | ||
| Q4 25 | $80.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $76.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $51.8B | — | ||
| Q3 25 | $51.5B | — | ||
| Q2 25 | $50.9B | — | ||
| Q1 25 | $50.7B | — | ||
| Q4 24 | $50.1B | — | ||
| Q3 24 | $49.1B | — | ||
| Q2 24 | $49.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | $195.7B | $77.9B | ||
| Q3 25 | $192.3B | $77.8B | ||
| Q2 25 | $189.7B | $77.4B | ||
| Q1 25 | $187.5B | $75.4B | ||
| Q4 24 | $186.3B | $77.2B | ||
| Q3 24 | $183.6B | $75.1B | ||
| Q2 24 | $181.6B | $73.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.55× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.7B | — |
| Free Cash FlowOCF − Capex | $-485.0M | $1.9B |
| FCF MarginFCF / Revenue | -6.2% | 13.4% |
| Capex IntensityCapex / Revenue | 53.3% | 1.4% |
| Cash ConversionOCF / Net Profit | 3.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.7B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $2.5B | ||
| Q3 25 | $3.6B | $1.7B | ||
| Q2 25 | $2.9B | $2.1B | ||
| Q1 25 | $2.2B | $2.3B | ||
| Q4 24 | $3.4B | $2.4B | ||
| Q3 24 | $3.5B | $2.1B | ||
| Q2 24 | $3.0B | $1.6B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $-485.0M | — | ||
| Q3 25 | $179.0M | — | ||
| Q2 25 | $-417.0M | $762.0M | ||
| Q1 25 | $-971.0M | $1.3B | ||
| Q4 24 | $288.0M | $1.3B | ||
| Q3 24 | $537.0M | $898.0M | ||
| Q2 24 | $-43.0M | $310.0M |
| Q1 26 | — | 13.4% | ||
| Q4 25 | -6.2% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | -5.7% | 6.7% | ||
| Q1 25 | -11.8% | 8.1% | ||
| Q4 24 | 4.0% | 9.1% | ||
| Q3 24 | 6.6% | 6.5% | ||
| Q2 24 | -0.6% | 2.3% |
| Q1 26 | — | 1.4% | ||
| Q4 25 | 53.3% | — | ||
| Q3 25 | 41.2% | — | ||
| Q2 25 | 44.5% | 11.4% | ||
| Q1 25 | 38.3% | 6.9% | ||
| Q4 24 | 42.7% | 7.5% | ||
| Q3 24 | 36.8% | 8.5% | ||
| Q2 24 | 41.9% | 9.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.09× | 1.50× | ||
| Q3 25 | 2.56× | 1.30× | ||
| Q2 25 | 2.91× | 1.44× | ||
| Q1 25 | 1.58× | 1.66× | ||
| Q4 24 | 2.80× | 1.46× | ||
| Q3 24 | 2.75× | 1.46× | ||
| Q2 24 | 3.28× | 1.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DUK
| Electric Utilitiesand Infrastructure | $7.0B | 90% |
| Other Revenues | $741.0M | 10% |
EPD
Segment breakdown not available.
