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Side-by-side financial comparison of Duke Energy (DUK) and LPL Financial Holdings Inc. (LPLA). Click either name above to swap in a different company.
Duke Energy is the larger business by last-quarter revenue ($7.9B vs $4.9B, roughly 1.6× LPL Financial Holdings Inc.). Duke Energy runs the higher net margin — 20.0% vs 7.2%, a 12.8% gap on every dollar of revenue. On growth, Duke Energy posted the faster year-over-year revenue change (491.0% vs 34.6%). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (29.8% CAGR vs 5.0%).
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.
LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.
DUK vs LPLA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.9B | $4.9B |
| Net Profit | $1.6B | $356.4M |
| Gross Margin | — | 32.3% |
| Operating Margin | 34.6% | — |
| Net Margin | 20.0% | 7.2% |
| Revenue YoY | 491.0% | 34.6% |
| Net Profit YoY | 603.6% | — |
| EPS (diluted) | — | $4.43 |
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 | $7.9B | $4.9B | ||
| Q4 25 | $7.8B | $4.9B | ||
| Q3 25 | $8.4B | $4.6B | ||
| Q2 25 | $7.4B | $3.8B | ||
| Q1 25 | $8.2B | $3.7B | ||
| Q4 24 | $7.2B | $3.5B | ||
| Q3 24 | $8.1B | $3.1B | ||
| Q2 24 | $7.2B | $2.9B |
| Q1 26 | $1.6B | $356.4M | ||
| Q4 25 | $1.2B | $300.7M | ||
| Q3 25 | $1.4B | $-29.5M | ||
| Q2 25 | $984.0M | $273.2M | ||
| Q1 25 | $1.4B | $318.6M | ||
| Q4 24 | $1.2B | $270.7M | ||
| Q3 24 | $1.3B | $255.3M | ||
| Q2 24 | $900.0M | $243.8M |
| Q1 26 | — | 32.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 34.6% | — | ||
| Q4 25 | 27.3% | 8.1% | ||
| Q3 25 | 27.9% | -0.7% | ||
| Q2 25 | 24.8% | 9.6% | ||
| Q1 25 | 28.5% | 11.4% | ||
| Q4 24 | 29.2% | 9.7% | ||
| Q3 24 | 26.4% | 11.2% | ||
| Q2 24 | 23.9% | 11.3% |
| Q1 26 | 20.0% | 7.2% | ||
| Q4 25 | 15.2% | 6.1% | ||
| Q3 25 | 17.0% | -0.6% | ||
| Q2 25 | 13.3% | 7.1% | ||
| Q1 25 | 16.8% | 8.7% | ||
| Q4 24 | 16.6% | 7.7% | ||
| Q3 24 | 15.8% | 8.2% | ||
| Q2 24 | 12.6% | 8.3% |
| Q1 26 | — | $4.43 | ||
| Q4 25 | $1.49 | $3.65 | ||
| Q3 25 | $1.81 | $-0.37 | ||
| Q2 25 | $1.25 | $3.40 | ||
| Q1 25 | $1.76 | $4.24 | ||
| Q4 24 | $1.54 | $3.58 | ||
| Q3 24 | $1.60 | $3.39 | ||
| Q2 24 | $1.13 | $3.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.1B | $1.0B |
| Total DebtLower is stronger | $54.1B | — |
| Stockholders' EquityBook value | $56.5B | $5.7B |
| Total Assets | $198.0B | $18.8B |
| Debt / EquityLower = less leverage | 0.96× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.1B | $1.0B | ||
| Q4 25 | $245.0M | $1.1B | ||
| Q3 25 | $688.0M | $1.6B | ||
| Q2 25 | $344.0M | $4.3B | ||
| Q1 25 | $475.0M | $1.4B | ||
| Q4 24 | $314.0M | $1.0B | ||
| Q3 24 | $376.0M | $1.6B | ||
| Q2 24 | $390.0M | $1.4B |
| Q1 26 | $54.1B | — | ||
| Q4 25 | $80.1B | $7.3B | ||
| Q3 25 | — | $7.5B | ||
| Q2 25 | — | $7.2B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | $76.3B | $5.5B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B |
| Q1 26 | $56.5B | $5.7B | ||
| Q4 25 | $51.8B | $5.3B | ||
| Q3 25 | $51.5B | $5.0B | ||
| Q2 25 | $50.9B | $5.1B | ||
| Q1 25 | $50.7B | $3.1B | ||
| Q4 24 | $50.1B | $2.9B | ||
| Q3 24 | $49.1B | $2.8B | ||
| Q2 24 | $49.7B | $2.5B |
| Q1 26 | $198.0B | $18.8B | ||
| Q4 25 | $195.7B | $18.5B | ||
| Q3 25 | $192.3B | $18.0B | ||
| Q2 25 | $189.7B | $17.5B | ||
| Q1 25 | $187.5B | $14.0B | ||
| Q4 24 | $186.3B | $13.3B | ||
| Q3 24 | $183.6B | $11.9B | ||
| Q2 24 | $181.6B | $11.5B |
| Q1 26 | 0.96× | — | ||
| Q4 25 | 1.55× | 1.36× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | 1.52× | 1.87× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | — | 1.77× |
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 | $-65.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | -0.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-65.0M | — | ||
| Q4 25 | $3.7B | $785.0M | ||
| Q3 25 | $3.6B | $-1.7B | ||
| Q2 25 | $2.9B | $193.3M | ||
| Q1 25 | $2.2B | $339.8M | ||
| Q4 24 | $3.4B | $-178.8M | ||
| Q3 24 | $3.5B | $209.3M | ||
| Q2 24 | $3.0B | $-178.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-485.0M | $613.3M | ||
| Q3 25 | $179.0M | $-1.9B | ||
| Q2 25 | $-417.0M | $56.3M | ||
| Q1 25 | $-971.0M | $220.3M | ||
| Q4 24 | $288.0M | $-344.3M | ||
| Q3 24 | $537.0M | $62.3M | ||
| Q2 24 | $-43.0M | $-307.8M |
| Q1 26 | — | — | ||
| Q4 25 | -6.2% | 12.4% | ||
| Q3 25 | 2.1% | -41.1% | ||
| Q2 25 | -5.7% | 1.5% | ||
| Q1 25 | -11.8% | 6.0% | ||
| Q4 24 | 4.0% | -9.8% | ||
| Q3 24 | 6.6% | 2.0% | ||
| Q2 24 | -0.6% | -10.5% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 53.3% | 3.5% | ||
| Q3 25 | 41.2% | 3.1% | ||
| Q2 25 | 44.5% | 3.6% | ||
| Q1 25 | 38.3% | 3.3% | ||
| Q4 24 | 42.7% | 4.7% | ||
| Q3 24 | 36.8% | 4.7% | ||
| Q2 24 | 41.9% | 4.4% |
| Q1 26 | -0.04× | — | ||
| Q4 25 | 3.09× | 2.61× | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 2.91× | 0.71× | ||
| Q1 25 | 1.58× | 1.07× | ||
| Q4 24 | 2.80× | -0.66× | ||
| Q3 24 | 2.75× | 0.82× | ||
| Q2 24 | 3.28× | -0.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DUK
| Regulated electric | $7.8B | 99% |
| Nonregulated electric and other | $61.0M | 1% |
LPLA
| Advisory | $2.6B | 53% |
| Sales-based | $705.4M | 14% |
| Trailing | $486.6M | 10% |
| Client cash | $445.3M | 9% |
| Other | $394.5M | 8% |
| Service and fee | $211.0M | 4% |
| Transaction | $80.5M | 2% |
