D vs DUK: Dominion Energy and Duke Energy compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Duke Energy is the larger company, worth $91.4B, about 1.7 times Dominion Energy.
- Dominion Energy grew revenue faster over the last year (+23.1% vs +11.3%).
- Duke Energy keeps more of each dollar of revenue as operating profit (27.2% vs 26.3%).
- On earnings, Duke Energy is the cheaper stock (18.0x vs 18.2x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | D | DUK |
|---|---|---|
| Market cap | $53.4B | $91.4B |
| Share price | $61.64 | $116.65 |
| Revenue (last fiscal year) | $16.5B | $32.2B |
| Free cash flow (last fiscal year) | — | -$1.7B |
| Revenue growth, last year | +23.1% | +11.3% |
| Revenue growth per year, last 5 fiscal years | +9.6% | +7.0% |
| Operating margin | 26.3% | 27.2% |
| Net margin | 16.9% | 15.5% |
| Return on equity | 10.1% | 9.4% |
| P/E (trailing) | 18.2x | 18.0x |
| Price / free cash flow | — | — |
| EV / EBITDA | 12.9x | 10.7x |
| FCF growth the price implies | — | — |
| Dividend yield | 4.3% | 3.7% |
| Debt / equity | 2.91x | 2.60x |
| Fundamental grade | C | C |
| Superinvestors holding it | 4 | 4 |
| Insider purchases, last 12 months | 0 | 2 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Dominion Energy
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $11.4B | — | 17.5% |
| 2022 | $13.9B | — | 10.4% |
| 2023 | $14.4B | — | 23.7% |
| 2024 | $14.5B | — | 22.5% |
| 2025 | $16.5B | — | 26.7% |
Duke Energy
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $24.6B | -$1.4B | 22.3% |
| 2022 | $28.8B | -$5.4B | 20.9% |
| 2023 | $29.1B | -$2.7B | 24.3% |
| 2024 | $30.4B | $48M | 26.1% |
| 2025 | $32.2B | -$1.7B | 26.8% |
Where the revenue comes from
Dominion Energy · by segments, 2025
Dominion Energy Virginia$11.8B67%
Dominion Energy South Carolina$3.6B20%
Contracted Energy$1.2B7%
Corporate and Other$1.2B7%
Duke Energy · by segments, 2025
Electric Utilities and Infrastructure$28.9B91%
Gas Utilities and Infrastructure$2.9B9%
Other$28M0%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open D in InvestinglyQuestions
Which is bigger, Dominion Energy or Duke Energy?
Duke Energy (DUK), at $91.4B against $53.4B.
Is D or DUK cheaper?
By trailing P/E, Duke Energy (18.0x) is cheaper than Dominion Energy (18.2x). A lower multiple can also mean the market expects less growth.
Which grows faster, D or DUK?
Dominion Energy: revenue grew +23.1% over the last year, against +11.3%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.