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Side-by-side financial comparison of Duke Energy (DUK) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
Duke Energy is the larger business by last-quarter revenue ($7.8B vs $4.5B, roughly 1.7× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 21.3% vs 15.2%, a 6.1% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (11.3% vs 7.4%). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (4.1% 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.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
DUK vs RCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.8B | $4.5B |
| Net Profit | $1.2B | $950.0M |
| Gross Margin | — | — |
| Operating Margin | 27.3% | 26.1% |
| Net Margin | 15.2% | 21.3% |
| Revenue YoY | 7.4% | 11.3% |
| Net Profit YoY | -1.7% | 29.1% |
| EPS (diluted) | $1.49 | $3.48 |
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 | — | $4.5B | ||
| Q4 25 | $7.8B | $4.3B | ||
| Q3 25 | $8.4B | $5.1B | ||
| Q2 25 | $7.4B | $4.5B | ||
| Q1 25 | $8.2B | $4.0B | ||
| Q4 24 | $7.2B | $3.8B | ||
| Q3 24 | $8.1B | $4.9B | ||
| Q2 24 | $7.2B | $4.1B |
| Q1 26 | — | $950.0M | ||
| Q4 25 | $1.2B | $753.0M | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $984.0M | $1.2B | ||
| Q1 25 | $1.4B | $730.0M | ||
| Q4 24 | $1.2B | $552.0M | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $900.0M | $854.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% |
| Q1 26 | — | 26.1% | ||
| Q4 25 | 27.3% | 21.9% | ||
| Q3 25 | 27.9% | 33.1% | ||
| Q2 25 | 24.8% | 29.3% | ||
| Q1 25 | 28.5% | 23.6% | ||
| Q4 24 | 29.2% | 16.6% | ||
| Q3 24 | 26.4% | 33.4% | ||
| Q2 24 | 23.9% | 26.7% |
| Q1 26 | — | 21.3% | ||
| Q4 25 | 15.2% | 17.7% | ||
| Q3 25 | 17.0% | 30.6% | ||
| Q2 25 | 13.3% | 26.7% | ||
| Q1 25 | 16.8% | 18.3% | ||
| Q4 24 | 16.6% | 14.7% | ||
| Q3 24 | 15.8% | 22.7% | ||
| Q2 24 | 12.6% | 20.8% |
| Q1 26 | — | $3.48 | ||
| Q4 25 | $1.49 | $2.76 | ||
| Q3 25 | $1.81 | $5.74 | ||
| Q2 25 | $1.25 | $4.41 | ||
| Q1 25 | $1.76 | $2.70 | ||
| Q4 24 | $1.54 | $2.27 | ||
| Q3 24 | $1.60 | $4.21 | ||
| Q2 24 | $1.13 | $3.11 |
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 | $512.0M |
| Total DebtLower is stronger | $80.1B | $21.1B |
| Stockholders' EquityBook value | $51.8B | $10.0B |
| Total Assets | $195.7B | $42.0B |
| Debt / EquityLower = less leverage | 1.55× | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.0M | ||
| Q4 25 | $245.0M | $825.0M | ||
| Q3 25 | $688.0M | $432.0M | ||
| Q2 25 | $344.0M | $735.0M | ||
| Q1 25 | $475.0M | $386.0M | ||
| Q4 24 | $314.0M | $388.0M | ||
| Q3 24 | $376.0M | $418.0M | ||
| Q2 24 | $390.0M | $391.0M |
| Q1 26 | — | $21.1B | ||
| Q4 25 | $80.1B | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | $76.3B | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
| Q1 26 | — | $10.0B | ||
| Q4 25 | $51.8B | $10.0B | ||
| Q3 25 | $51.5B | $10.1B | ||
| Q2 25 | $50.9B | $9.2B | ||
| Q1 25 | $50.7B | $8.0B | ||
| Q4 24 | $50.1B | $7.6B | ||
| Q3 24 | $49.1B | $7.0B | ||
| Q2 24 | $49.7B | $6.0B |
| Q1 26 | — | $42.0B | ||
| Q4 25 | $195.7B | $41.6B | ||
| Q3 25 | $192.3B | $40.1B | ||
| Q2 25 | $189.7B | $38.5B | ||
| Q1 25 | $187.5B | $37.5B | ||
| Q4 24 | $186.3B | $37.1B | ||
| Q3 24 | $183.6B | $37.1B | ||
| Q2 24 | $181.6B | $37.0B |
| Q1 26 | — | 2.11× | ||
| Q4 25 | 1.55× | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | 1.52× | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× |
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 | $1.8B |
| Free Cash FlowOCF − Capex | $-485.0M | — |
| FCF MarginFCF / Revenue | -6.2% | — |
| Capex IntensityCapex / Revenue | 53.3% | — |
| Cash ConversionOCF / Net Profit | 3.09× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.7B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $3.7B | $1.6B | ||
| Q3 25 | $3.6B | $1.5B | ||
| Q2 25 | $2.9B | $1.7B | ||
| Q1 25 | $2.2B | $1.6B | ||
| Q4 24 | $3.4B | $1.5B | ||
| Q3 24 | $3.5B | $897.0M | ||
| Q2 24 | $3.0B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $-485.0M | $116.0M | ||
| Q3 25 | $179.0M | $-989.0M | ||
| Q2 25 | $-417.0M | $910.0M | ||
| Q1 25 | $-971.0M | $1.2B | ||
| Q4 24 | $288.0M | $915.0M | ||
| Q3 24 | $537.0M | $563.0M | ||
| Q2 24 | $-43.0M | $-567.0M |
| Q1 26 | — | — | ||
| Q4 25 | -6.2% | 2.7% | ||
| Q3 25 | 2.1% | -19.2% | ||
| Q2 25 | -5.7% | 20.1% | ||
| Q1 25 | -11.8% | 30.0% | ||
| Q4 24 | 4.0% | 24.3% | ||
| Q3 24 | 6.6% | 11.5% | ||
| Q2 24 | -0.6% | -13.8% |
| Q1 26 | — | — | ||
| Q4 25 | 53.3% | 35.4% | ||
| Q3 25 | 41.2% | 47.8% | ||
| Q2 25 | 44.5% | 18.4% | ||
| Q1 25 | 38.3% | 10.7% | ||
| Q4 24 | 42.7% | 14.7% | ||
| Q3 24 | 36.8% | 6.8% | ||
| Q2 24 | 41.9% | 52.1% |
| Q1 26 | — | 1.93× | ||
| Q4 25 | 3.09× | 2.16× | ||
| Q3 25 | 2.56× | 0.93× | ||
| Q2 25 | 2.91× | 1.44× | ||
| Q1 25 | 1.58× | 2.23× | ||
| Q4 24 | 2.80× | 2.66× | ||
| Q3 24 | 2.75× | 0.81× | ||
| Q2 24 | 3.28× | 1.84× |
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% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
