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Side-by-side financial comparison of Duke Energy (DUK) and Entergy (ETR), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Duke Energy is the larger business by last-quarter revenue ($7.8B vs $3.0B, roughly 2.6× Entergy). Duke Energy runs the higher net margin — 15.2% vs 8.1%, a 7.1% gap on every dollar of revenue. On growth, Entergy posted the faster year-over-year revenue change (7.9% vs 7.4%). Duke Energy produced more free cash flow last quarter ($-485.0M vs $-909.7M). Over the past eight quarters, Entergy's revenue compounded faster (2.9% 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.
Entergy Corporation is an American energy company engaged in electric power production and retail distribution operations in the Deep South of the United States. Entergy is headquartered in New Orleans, Louisiana, and generates and distributes electric power to three million customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has approximately 24,000 megawatts of electric generating capacity, annual revenues of $11 billion and employs more than 12,000 people.
DUK vs ETR — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $7.8B | $3.0B |
| Net Profit | $1.2B | $240.5M |
| Gross Margin | — | — |
| Operating Margin | 27.3% | 18.4% |
| Net Margin | 15.2% | 8.1% |
| Revenue YoY | 7.4% | 7.9% |
| Net Profit YoY | -1.7% | -16.2% |
| EPS (diluted) | $1.49 | $0.51 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $7.8B | $3.0B | ||
| Q3 25 | $8.4B | $3.8B | ||
| Q2 25 | $7.4B | $3.3B | ||
| Q1 25 | $8.2B | $2.8B | ||
| Q4 24 | $7.2B | $2.7B | ||
| Q3 24 | $8.1B | $3.4B | ||
| Q2 24 | $7.2B | $3.0B | ||
| Q1 24 | $7.5B | $2.8B |
| Q4 25 | $1.2B | $240.5M | ||
| Q3 25 | $1.4B | $698.4M | ||
| Q2 25 | $984.0M | $472.0M | ||
| Q1 25 | $1.4B | $362.4M | ||
| Q4 24 | $1.2B | $287.2M | ||
| Q3 24 | $1.3B | $645.8M | ||
| Q2 24 | $900.0M | $51.7M | ||
| Q1 24 | $1.1B | $76.5M |
| Q4 25 | 27.3% | 18.4% | ||
| Q3 25 | 27.9% | 29.4% | ||
| Q2 25 | 24.8% | 25.2% | ||
| Q1 25 | 28.5% | 24.6% | ||
| Q4 24 | 29.2% | 24.4% | ||
| Q3 24 | 26.4% | 33.2% | ||
| Q2 24 | 23.9% | 20.9% | ||
| Q1 24 | 26.1% | 8.5% |
| Q4 25 | 15.2% | 8.1% | ||
| Q3 25 | 17.0% | 18.3% | ||
| Q2 25 | 13.3% | 14.2% | ||
| Q1 25 | 16.8% | 12.7% | ||
| Q4 24 | 16.6% | 10.5% | ||
| Q3 24 | 15.8% | 19.1% | ||
| Q2 24 | 12.6% | 1.8% | ||
| Q1 24 | 15.1% | 2.7% |
| Q4 25 | $1.49 | $0.51 | ||
| Q3 25 | $1.81 | $1.53 | ||
| Q2 25 | $1.25 | $1.05 | ||
| Q1 25 | $1.76 | $0.82 | ||
| Q4 24 | $1.54 | $0.66 | ||
| Q3 24 | $1.60 | $1.50 | ||
| Q2 24 | $1.13 | $0.11 | ||
| Q1 24 | $1.44 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $245.0M | $1.9B |
| Total DebtLower is stronger | $80.1B | $30.3B |
| Stockholders' EquityBook value | $51.8B | $16.9B |
| Total Assets | $195.7B | $71.9B |
| Debt / EquityLower = less leverage | 1.55× | 1.79× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $245.0M | $1.9B | ||
| Q3 25 | $688.0M | $1.5B | ||
| Q2 25 | $344.0M | $1.2B | ||
| Q1 25 | $475.0M | $1.5B | ||
| Q4 24 | $314.0M | $859.7M | ||
| Q3 24 | $376.0M | $1.4B | ||
| Q2 24 | $390.0M | $1.4B | ||
| Q1 24 | $459.0M | $1.3B |
| Q4 25 | $80.1B | $30.3B | ||
| Q3 25 | — | $29.0B | ||
| Q2 25 | — | $29.9B | ||
| Q1 25 | — | $29.6B | ||
| Q4 24 | $76.3B | $28.0B | ||
| Q3 24 | — | $27.9B | ||
| Q2 24 | — | $27.8B | ||
| Q1 24 | — | $26.5B |
| Q4 25 | $51.8B | $16.9B | ||
| Q3 25 | $51.5B | $16.7B | ||
| Q2 25 | $50.9B | $16.2B | ||
| Q1 25 | $50.7B | $15.2B | ||
| Q4 24 | $50.1B | $15.1B | ||
| Q3 24 | $49.1B | $15.0B | ||
| Q2 24 | $49.7B | $14.6B | ||
| Q1 24 | $49.6B | $14.5B |
| Q4 25 | $195.7B | $71.9B | ||
| Q3 25 | $192.3B | $69.8B | ||
| Q2 25 | $189.7B | $68.4B | ||
| Q1 25 | $187.5B | $66.6B | ||
| Q4 24 | $186.3B | $64.8B | ||
| Q3 24 | $183.6B | $64.5B | ||
| Q2 24 | $181.6B | $62.8B | ||
| Q1 24 | $178.7B | $61.6B |
| Q4 25 | 1.55× | 1.79× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 1.85× | ||
| Q1 25 | — | 1.95× | ||
| Q4 24 | 1.52× | 1.86× | ||
| Q3 24 | — | 1.85× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.83× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.7B | $1.2B |
| Free Cash FlowOCF − Capex | $-485.0M | $-909.7M |
| FCF MarginFCF / Revenue | -6.2% | -30.7% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 53.3% | 71.9% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 3.09× | 5.06× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.7B | $-2.5B |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $3.7B | $1.2B | ||
| Q3 25 | $3.6B | $2.1B | ||
| Q2 25 | $2.9B | $1.3B | ||
| Q1 25 | $2.2B | $536.2M | ||
| Q4 24 | $3.4B | $1.4B | ||
| Q3 24 | $3.5B | $1.6B | ||
| Q2 24 | $3.0B | $1.0B | ||
| Q1 24 | $2.5B | $521.1M |
| Q4 25 | $-485.0M | $-909.7M | ||
| Q3 25 | $179.0M | $246.0M | ||
| Q2 25 | $-417.0M | $-746.6M | ||
| Q1 25 | $-971.0M | $-1.1B | ||
| Q4 24 | $288.0M | $-193.8M | ||
| Q3 24 | $537.0M | $421.8M | ||
| Q2 24 | $-43.0M | $-137.8M | ||
| Q1 24 | $-734.0M | $-440.1M |
| Q4 25 | -6.2% | -30.7% | ||
| Q3 25 | 2.1% | 6.5% | ||
| Q2 25 | -5.7% | -22.4% | ||
| Q1 25 | -11.8% | -39.5% | ||
| Q4 24 | 4.0% | -7.1% | ||
| Q3 24 | 6.6% | 12.4% | ||
| Q2 24 | -0.6% | -4.7% | ||
| Q1 24 | -9.7% | -15.7% |
| Q4 25 | 53.3% | 71.9% | ||
| Q3 25 | 41.2% | 49.5% | ||
| Q2 25 | 44.5% | 60.3% | ||
| Q1 25 | 38.3% | 58.3% | ||
| Q4 24 | 42.7% | 57.4% | ||
| Q3 24 | 36.8% | 33.7% | ||
| Q2 24 | 41.9% | 39.4% | ||
| Q1 24 | 42.6% | 34.4% |
| Q4 25 | 3.09× | 5.06× | ||
| Q3 25 | 2.56× | 3.06× | ||
| Q2 25 | 2.91× | 2.67× | ||
| Q1 25 | 1.58× | 1.48× | ||
| Q4 24 | 2.80× | 4.80× | ||
| Q3 24 | 2.75× | 2.42× | ||
| Q2 24 | 3.28× | 19.82× | ||
| Q1 24 | 2.17× | 6.81× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
DUK
| Electric Utilitiesand Infrastructure | $7.0B | 90% |
| Other Revenues | $741.0M | 10% |
ETR
| Electricity Us Regulated | $2.9B | 100% |
| Other | $13.7M | 0% |
