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Side-by-side financial comparison of Duke Energy (DUK) and McDonald's (MCD). Click either name above to swap in a different company.
Duke Energy is the larger business by last-quarter revenue ($7.8B vs $7.0B, roughly 1.1× McDonald's). McDonald's runs the higher net margin — 30.9% vs 15.2%, a 15.6% gap on every dollar of revenue. On growth, McDonald's posted the faster year-over-year revenue change (9.7% vs 7.4%). McDonald's produced more free cash flow last quarter ($1.6B vs $-485.0M). Over the past eight quarters, McDonald's's revenue compounded faster (6.6% 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.
McDonald's Corporation, doing business as McDonald's, is an American multinational fast food restaurant chain. As of 2024, it is the second-largest by number of locations in the world, behind the Chinese chain Mixue Ice Cream & Tea.
DUK vs MCD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.8B | $7.0B |
| Net Profit | $1.2B | $2.2B |
| Gross Margin | — | — |
| Operating Margin | 27.3% | 45.0% |
| Net Margin | 15.2% | 30.9% |
| Revenue YoY | 7.4% | 9.7% |
| Net Profit YoY | -1.7% | 7.3% |
| EPS (diluted) | $1.49 | $3.03 |
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.
| Q4 25 | $7.8B | $7.0B | ||
| Q3 25 | $8.4B | $7.1B | ||
| Q2 25 | $7.4B | $6.8B | ||
| Q1 25 | $8.2B | $6.0B | ||
| Q4 24 | $7.2B | $6.4B | ||
| Q3 24 | $8.1B | $6.9B | ||
| Q2 24 | $7.2B | $6.5B | ||
| Q1 24 | $7.5B | $6.2B |
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $984.0M | $2.3B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $900.0M | $2.0B | ||
| Q1 24 | $1.1B | $1.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 90.6% | ||
| Q2 25 | — | 90.4% | ||
| Q1 25 | — | 89.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 90.6% | ||
| Q2 24 | — | 90.3% | ||
| Q1 24 | — | 89.8% |
| Q4 25 | 27.3% | 45.0% | ||
| Q3 25 | 27.9% | 47.4% | ||
| Q2 25 | 24.8% | 47.2% | ||
| Q1 25 | 28.5% | 44.5% | ||
| Q4 24 | 29.2% | 44.9% | ||
| Q3 24 | 26.4% | 46.4% | ||
| Q2 24 | 23.9% | 45.0% | ||
| Q1 24 | 26.1% | 44.4% |
| Q4 25 | 15.2% | 30.9% | ||
| Q3 25 | 17.0% | 32.2% | ||
| Q2 25 | 13.3% | 32.9% | ||
| Q1 25 | 16.8% | 31.4% | ||
| Q4 24 | 16.6% | 31.6% | ||
| Q3 24 | 15.8% | 32.8% | ||
| Q2 24 | 12.6% | 31.2% | ||
| Q1 24 | 15.1% | 31.3% |
| Q4 25 | $1.49 | $3.03 | ||
| Q3 25 | $1.81 | $3.18 | ||
| Q2 25 | $1.25 | $3.14 | ||
| Q1 25 | $1.76 | $2.60 | ||
| Q4 24 | $1.54 | $2.80 | ||
| Q3 24 | $1.60 | $3.13 | ||
| Q2 24 | $1.13 | $2.80 | ||
| Q1 24 | $1.44 | $2.66 |
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 | $774.0M |
| Total DebtLower is stronger | $80.1B | $40.0B |
| Stockholders' EquityBook value | $51.8B | $-1.8B |
| Total Assets | $195.7B | $59.5B |
| Debt / EquityLower = less leverage | 1.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $245.0M | $774.0M | ||
| Q3 25 | $688.0M | $2.4B | ||
| Q2 25 | $344.0M | $1.9B | ||
| Q1 25 | $475.0M | $1.2B | ||
| Q4 24 | $314.0M | $1.1B | ||
| Q3 24 | $376.0M | $1.2B | ||
| Q2 24 | $390.0M | $792.0M | ||
| Q1 24 | $459.0M | $838.0M |
| Q4 25 | $80.1B | $40.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $76.3B | $38.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $51.8B | $-1.8B | ||
| Q3 25 | $51.5B | $-2.2B | ||
| Q2 25 | $50.9B | $-2.8B | ||
| Q1 25 | $50.7B | $-3.5B | ||
| Q4 24 | $50.1B | $-3.8B | ||
| Q3 24 | $49.1B | $-5.2B | ||
| Q2 24 | $49.7B | $-4.8B | ||
| Q1 24 | $49.6B | $-4.8B |
| Q4 25 | $195.7B | $59.5B | ||
| Q3 25 | $192.3B | $60.6B | ||
| Q2 25 | $189.7B | $59.6B | ||
| Q1 25 | $187.5B | $56.3B | ||
| Q4 24 | $186.3B | $55.2B | ||
| Q3 24 | $183.6B | $56.2B | ||
| Q2 24 | $181.6B | $53.8B | ||
| Q1 24 | $178.7B | $53.5B |
| Q4 25 | 1.55× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $2.7B |
| Free Cash FlowOCF − Capex | $-485.0M | $1.6B |
| FCF MarginFCF / Revenue | -6.2% | 23.4% |
| Capex IntensityCapex / Revenue | 53.3% | 15.1% |
| Cash ConversionOCF / Net Profit | 3.09× | 1.25× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.7B | $7.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7B | $2.7B | ||
| Q3 25 | $3.6B | $3.4B | ||
| Q2 25 | $2.9B | $2.0B | ||
| Q1 25 | $2.2B | $2.4B | ||
| Q4 24 | $3.4B | $2.6B | ||
| Q3 24 | $3.5B | $2.7B | ||
| Q2 24 | $3.0B | $1.7B | ||
| Q1 24 | $2.5B | $2.4B |
| Q4 25 | $-485.0M | $1.6B | ||
| Q3 25 | $179.0M | $2.4B | ||
| Q2 25 | $-417.0M | $1.3B | ||
| Q1 25 | $-971.0M | $1.9B | ||
| Q4 24 | $288.0M | $1.8B | ||
| Q3 24 | $537.0M | $1.9B | ||
| Q2 24 | $-43.0M | $1.1B | ||
| Q1 24 | $-734.0M | $1.8B |
| Q4 25 | -6.2% | 23.4% | ||
| Q3 25 | 2.1% | 34.1% | ||
| Q2 25 | -5.7% | 18.3% | ||
| Q1 25 | -11.8% | 31.5% | ||
| Q4 24 | 4.0% | 28.6% | ||
| Q3 24 | 6.6% | 28.3% | ||
| Q2 24 | -0.6% | 16.3% | ||
| Q1 24 | -9.7% | 29.9% |
| Q4 25 | 53.3% | 15.1% | ||
| Q3 25 | 41.2% | 14.3% | ||
| Q2 25 | 44.5% | 10.9% | ||
| Q1 25 | 38.3% | 9.3% | ||
| Q4 24 | 42.7% | 12.6% | ||
| Q3 24 | 36.8% | 11.6% | ||
| Q2 24 | 41.9% | 9.7% | ||
| Q1 24 | 42.6% | 8.9% |
| Q4 25 | 3.09× | 1.25× | ||
| Q3 25 | 2.56× | 1.50× | ||
| Q2 25 | 2.91× | 0.89× | ||
| Q1 25 | 1.58× | 1.30× | ||
| Q4 24 | 2.80× | 1.30× | ||
| Q3 24 | 2.75× | 1.21× | ||
| Q2 24 | 3.28× | 0.84× | ||
| Q1 24 | 2.17× | 1.24× |
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% |
MCD
| International Operated Markets | $3.6B | 51% |
| Other | $2.8B | 40% |
| International Developmental Licensed Marketsand Corporate | $633.0M | 9% |
