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Side-by-side financial comparison of Duke Energy (DUK) and PBF Energy Inc. (PBF). Click either name above to swap in a different company.
Duke Energy is the larger business by last-quarter revenue ($7.8B vs $7.1B, roughly 1.1× PBF Energy Inc.). Duke Energy runs the higher net margin — 15.2% vs 1.1%, a 14.1% gap on every dollar of revenue. On growth, Duke Energy posted the faster year-over-year revenue change (7.4% vs -2.9%). PBF Energy Inc. produced more free cash flow last quarter ($77.0M vs $-485.0M). Over the past eight quarters, Duke Energy's revenue compounded faster (1.6% CAGR vs -9.1%).
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.
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
DUK vs PBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.8B | $7.1B |
| Net Profit | $1.2B | $78.4M |
| Gross Margin | — | -1.8% |
| Operating Margin | 27.3% | 1.8% |
| Net Margin | 15.2% | 1.1% |
| Revenue YoY | 7.4% | -2.9% |
| Net Profit YoY | -1.7% | 127.1% |
| EPS (diluted) | $1.49 | $0.74 |
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 | $7.1B | ||
| Q3 25 | $8.4B | $7.7B | ||
| Q2 25 | $7.4B | $7.5B | ||
| Q1 25 | $8.2B | $7.1B | ||
| Q4 24 | $7.2B | $7.4B | ||
| Q3 24 | $8.1B | $8.4B | ||
| Q2 24 | $7.2B | $8.7B | ||
| Q1 24 | $7.5B | $8.6B |
| Q4 25 | $1.2B | $78.4M | ||
| Q3 25 | $1.4B | $170.1M | ||
| Q2 25 | $984.0M | $-5.2M | ||
| Q1 25 | $1.4B | $-401.8M | ||
| Q4 24 | $1.2B | $-289.3M | ||
| Q3 24 | $1.3B | $-285.9M | ||
| Q2 24 | $900.0M | $-65.2M | ||
| Q1 24 | $1.1B | $106.6M |
| Q4 25 | — | -1.8% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | -4.2% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | 27.3% | 1.8% | ||
| Q3 25 | 27.9% | 3.7% | ||
| Q2 25 | 24.8% | 0.6% | ||
| Q1 25 | 28.5% | -7.2% | ||
| Q4 24 | 29.2% | -5.2% | ||
| Q3 24 | 26.4% | -4.6% | ||
| Q2 24 | 23.9% | -0.9% | ||
| Q1 24 | 26.1% | 1.7% |
| Q4 25 | 15.2% | 1.1% | ||
| Q3 25 | 17.0% | 2.2% | ||
| Q2 25 | 13.3% | -0.1% | ||
| Q1 25 | 16.8% | -5.7% | ||
| Q4 24 | 16.6% | -3.9% | ||
| Q3 24 | 15.8% | -3.4% | ||
| Q2 24 | 12.6% | -0.7% | ||
| Q1 24 | 15.1% | 1.2% |
| Q4 25 | $1.49 | $0.74 | ||
| Q3 25 | $1.81 | $1.45 | ||
| Q2 25 | $1.25 | $-0.05 | ||
| Q1 25 | $1.76 | $-3.53 | ||
| Q4 24 | $1.54 | $-2.41 | ||
| Q3 24 | $1.60 | $-2.49 | ||
| Q2 24 | $1.13 | $-0.56 | ||
| Q1 24 | $1.44 | $0.86 |
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 | $527.9M |
| Total DebtLower is stronger | $80.1B | — |
| Stockholders' EquityBook value | $51.8B | $5.3B |
| Total Assets | $195.7B | $13.0B |
| Debt / EquityLower = less leverage | 1.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $245.0M | $527.9M | ||
| Q3 25 | $688.0M | $482.0M | ||
| Q2 25 | $344.0M | $590.7M | ||
| Q1 25 | $475.0M | $468.6M | ||
| Q4 24 | $314.0M | $536.1M | ||
| Q3 24 | $376.0M | $976.7M | ||
| Q2 24 | $390.0M | $1.4B | ||
| Q1 24 | $459.0M | $1.4B |
| Q4 25 | $80.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $76.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $51.8B | $5.3B | ||
| Q3 25 | $51.5B | $5.2B | ||
| Q2 25 | $50.9B | $5.1B | ||
| Q1 25 | $50.7B | $5.1B | ||
| Q4 24 | $50.1B | $5.5B | ||
| Q3 24 | $49.1B | $5.9B | ||
| Q2 24 | $49.7B | $6.3B | ||
| Q1 24 | $49.6B | $6.5B |
| Q4 25 | $195.7B | $13.0B | ||
| Q3 25 | $192.3B | $13.0B | ||
| Q2 25 | $189.7B | $13.0B | ||
| Q1 25 | $187.5B | $13.0B | ||
| Q4 24 | $186.3B | $12.7B | ||
| Q3 24 | $183.6B | $13.1B | ||
| Q2 24 | $181.6B | $14.1B | ||
| Q1 24 | $178.7B | $13.8B |
| 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 | $366.6M |
| Free Cash FlowOCF − Capex | $-485.0M | $77.0M |
| FCF MarginFCF / Revenue | -6.2% | 1.1% |
| Capex IntensityCapex / Revenue | 53.3% | 4.1% |
| Cash ConversionOCF / Net Profit | 3.09× | 4.68× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.7B | $-783.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7B | $366.6M | ||
| Q3 25 | $3.6B | $25.7M | ||
| Q2 25 | $2.9B | $191.1M | ||
| Q1 25 | $2.2B | $-661.4M | ||
| Q4 24 | $3.4B | $-329.7M | ||
| Q3 24 | $3.5B | $-68.0M | ||
| Q2 24 | $3.0B | $425.3M | ||
| Q1 24 | $2.5B | $15.8M |
| Q4 25 | $-485.0M | $77.0M | ||
| Q3 25 | $179.0M | $-122.8M | ||
| Q2 25 | $-417.0M | $35.0M | ||
| Q1 25 | $-971.0M | $-772.4M | ||
| Q4 24 | $288.0M | $-425.7M | ||
| Q3 24 | $537.0M | $-169.8M | ||
| Q2 24 | $-43.0M | $371.8M | ||
| Q1 24 | $-734.0M | $-123.8M |
| Q4 25 | -6.2% | 1.1% | ||
| Q3 25 | 2.1% | -1.6% | ||
| Q2 25 | -5.7% | 0.5% | ||
| Q1 25 | -11.8% | -10.9% | ||
| Q4 24 | 4.0% | -5.8% | ||
| Q3 24 | 6.6% | -2.0% | ||
| Q2 24 | -0.6% | 4.3% | ||
| Q1 24 | -9.7% | -1.4% |
| Q4 25 | 53.3% | 4.1% | ||
| Q3 25 | 41.2% | 1.9% | ||
| Q2 25 | 44.5% | 2.1% | ||
| Q1 25 | 38.3% | 1.6% | ||
| Q4 24 | 42.7% | 1.3% | ||
| Q3 24 | 36.8% | 1.2% | ||
| Q2 24 | 41.9% | 0.6% | ||
| Q1 24 | 42.6% | 1.6% |
| Q4 25 | 3.09× | 4.68× | ||
| Q3 25 | 2.56× | 0.15× | ||
| Q2 25 | 2.91× | — | ||
| Q1 25 | 1.58× | — | ||
| Q4 24 | 2.80× | — | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 3.28× | — | ||
| Q1 24 | 2.17× | 0.15× |
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% |
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
