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Side-by-side financial comparison of Duke Energy (DUK) and Mastercard (MA). Click either name above to swap in a different company.
Mastercard is the larger business by last-quarter revenue ($8.4B vs $7.9B, roughly 1.1× Duke Energy). Mastercard runs the higher net margin — 46.4% vs 20.0%, a 26.4% gap on every dollar of revenue. On growth, Duke Energy posted the faster year-over-year revenue change (491.0% vs 16.0%). Over the past eight quarters, Mastercard's revenue compounded faster (9.9% 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.
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
DUK vs MA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.9B | $8.4B |
| Net Profit | $1.6B | $3.9B |
| Gross Margin | — | — |
| Operating Margin | 34.6% | 58.3% |
| Net Margin | 20.0% | 46.4% |
| Revenue YoY | 491.0% | 16.0% |
| Net Profit YoY | 603.6% | 18.0% |
| EPS (diluted) | — | $4.35 |
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 | $8.4B | ||
| Q4 25 | $7.8B | $8.8B | ||
| Q3 25 | $8.4B | $8.6B | ||
| Q2 25 | $7.4B | $8.1B | ||
| Q1 25 | $8.2B | $7.3B | ||
| Q4 24 | $7.2B | $7.5B | ||
| Q3 24 | $8.1B | $7.4B | ||
| Q2 24 | $7.2B | $7.0B |
| Q1 26 | $1.6B | $3.9B | ||
| Q4 25 | $1.2B | $4.1B | ||
| Q3 25 | $1.4B | $3.9B | ||
| Q2 25 | $984.0M | $3.7B | ||
| Q1 25 | $1.4B | $3.3B | ||
| Q4 24 | $1.2B | $3.3B | ||
| Q3 24 | $1.3B | $3.3B | ||
| Q2 24 | $900.0M | $3.3B |
| Q1 26 | 34.6% | 58.3% | ||
| Q4 25 | 27.3% | 55.8% | ||
| Q3 25 | 27.9% | 58.8% | ||
| Q2 25 | 24.8% | 58.7% | ||
| Q1 25 | 28.5% | 57.2% | ||
| Q4 24 | 29.2% | 52.6% | ||
| Q3 24 | 26.4% | 54.3% | ||
| Q2 24 | 23.9% | 58.0% |
| Q1 26 | 20.0% | 46.4% | ||
| Q4 25 | 15.2% | 46.1% | ||
| Q3 25 | 17.0% | 45.7% | ||
| Q2 25 | 13.3% | 45.5% | ||
| Q1 25 | 16.8% | 45.2% | ||
| Q4 24 | 16.6% | 44.6% | ||
| Q3 24 | 15.8% | 44.3% | ||
| Q2 24 | 12.6% | 46.8% |
| Q1 26 | — | $4.35 | ||
| Q4 25 | $1.49 | $4.52 | ||
| Q3 25 | $1.81 | $4.34 | ||
| Q2 25 | $1.25 | $4.07 | ||
| Q1 25 | $1.76 | $3.59 | ||
| Q4 24 | $1.54 | $3.64 | ||
| Q3 24 | $1.60 | $3.53 | ||
| Q2 24 | $1.13 | $3.50 |
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 | $7.9B |
| Total DebtLower is stronger | $54.1B | $19.0B |
| Stockholders' EquityBook value | $56.5B | $6.7B |
| Total Assets | $198.0B | $52.4B |
| Debt / EquityLower = less leverage | 0.96× | 2.82× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.1B | $7.9B | ||
| Q4 25 | $245.0M | $10.6B | ||
| Q3 25 | $688.0M | $10.3B | ||
| Q2 25 | $344.0M | $9.0B | ||
| Q1 25 | $475.0M | $7.6B | ||
| Q4 24 | $314.0M | $8.4B | ||
| Q3 24 | $376.0M | $11.1B | ||
| Q2 24 | $390.0M | $7.0B |
| Q1 26 | $54.1B | $19.0B | ||
| Q4 25 | $80.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $76.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $56.5B | $6.7B | ||
| Q4 25 | $51.8B | $7.7B | ||
| Q3 25 | $51.5B | $7.9B | ||
| Q2 25 | $50.9B | $7.9B | ||
| Q1 25 | $50.7B | $6.7B | ||
| Q4 24 | $50.1B | $6.5B | ||
| Q3 24 | $49.1B | $7.4B | ||
| Q2 24 | $49.7B | $7.4B |
| Q1 26 | $198.0B | $52.4B | ||
| Q4 25 | $195.7B | $54.2B | ||
| Q3 25 | $192.3B | $53.3B | ||
| Q2 25 | $189.7B | $51.4B | ||
| Q1 25 | $187.5B | $48.5B | ||
| Q4 24 | $186.3B | $48.1B | ||
| Q3 24 | $183.6B | $47.2B | ||
| Q2 24 | $181.6B | $42.3B |
| Q1 26 | 0.96× | 2.82× | ||
| 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 | $-65.0M | $3.0B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -0.04× | 0.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-65.0M | $3.0B | ||
| Q4 25 | $3.7B | $5.0B | ||
| Q3 25 | $3.6B | $5.7B | ||
| Q2 25 | $2.9B | $4.6B | ||
| Q1 25 | $2.2B | $2.4B | ||
| Q4 24 | $3.4B | $4.8B | ||
| Q3 24 | $3.5B | $5.1B | ||
| Q2 24 | $3.0B | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | $-485.0M | $4.9B | ||
| Q3 25 | $179.0M | $5.5B | ||
| Q2 25 | $-417.0M | $4.6B | ||
| Q1 25 | $-971.0M | $2.2B | ||
| Q4 24 | $288.0M | $4.7B | ||
| Q3 24 | $537.0M | $5.0B | ||
| Q2 24 | $-43.0M | $3.0B |
| Q1 26 | — | — | ||
| Q4 25 | -6.2% | 55.5% | ||
| Q3 25 | 2.1% | 63.8% | ||
| Q2 25 | -5.7% | 56.1% | ||
| Q1 25 | -11.8% | 30.6% | ||
| Q4 24 | 4.0% | 63.3% | ||
| Q3 24 | 6.6% | 68.2% | ||
| Q2 24 | -0.6% | 43.4% |
| Q1 26 | — | — | ||
| Q4 25 | 53.3% | 1.3% | ||
| Q3 25 | 41.2% | 2.1% | ||
| Q2 25 | 44.5% | 0.5% | ||
| Q1 25 | 38.3% | 2.2% | ||
| Q4 24 | 42.7% | 1.3% | ||
| Q3 24 | 36.8% | 1.5% | ||
| Q2 24 | 41.9% | 1.7% |
| Q1 26 | -0.04× | 0.77× | ||
| Q4 25 | 3.09× | 1.23× | ||
| Q3 25 | 2.56× | 1.44× | ||
| Q2 25 | 2.91× | 1.24× | ||
| Q1 25 | 1.58× | 0.73× | ||
| Q4 24 | 2.80× | 1.45× | ||
| Q3 24 | 2.75× | 1.57× | ||
| Q2 24 | 3.28× | 0.96× |
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% |
MA
Segment breakdown not available.
