Duke Energy
Duke Energy returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 5.58% | 5.24% | 5.58% | 9.82% | 2.69% | 1.2 pp |
| FY 2026 Q1 | Mar 31, 2026 | 5.55% | 5.17% | 6.61% | 9.67% | 2.67% | 1.2 pp |
| FY 2025 Q4 | Dec 31, 2025 | 5.51% | 5.05% | 8.53% | 9.63% | 2.6% | 1.1 pp |
| FY 2025 Q3 | Sep 30, 2025 | 5.62% | 5.08% | 14.32% | 9.81% | 2.65% | 1.2 pp |
| FY 2025 Q2 | Jun 30, 2025 | 5.54% | 5% | 9.78% | 9.45% | 2.61% | 1.1 pp |
| FY 2025 Q1 | Mar 31, 2025 | 5.48% | 4.97% | 11.46% | 9.32% | 2.6% | 1.1 pp |
| FY 2024 Q4 | Dec 31, 2024 | 5.31% | 4.85% | 10.54% | 8.87% | 2.49% | 0.9 pp |
| FY 2024 Q3 | Sep 30, 2024 | 5.12% | 4.65% | 25.35% | 8.56% | 2.37% | 0.7 pp |
| FY 2024 Q2 | Jun 30, 2024 | — | 4.64% | — | 8.55% | 2.37% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 4.52% | — | 6.21% | 1.77% | — |
| FY 2023 Q4 | Dec 31, 2023 | 5.01% | 4.44% | 29.71% | 5.56% | 1.6% | 0.6 pp |
| FY 2023 Q3 | Sep 30, 2023 | 4.54% | 3.96% | 3.84% | 2.2% | 0.66% | 0.1 pp |
| FY 2023 Q2 | Jun 30, 2023 | — | 3.97% | — | 2.58% | 0.76% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 3.96% | — | 4.84% | 1.41% | — |
| FY 2022 Q4 | Dec 31, 2022 | 4.56% | 3.84% | 5.42% | 4.96% | 1.47% | 0.2 pp |
| FY 2022 Q3 | Sep 30, 2022 | 4.64% | 3.75% | 13.98% | 7.68% | 2.24% | 0.2 pp |
| FY 2022 Q2 | Jun 30, 2022 | 4.48% | 3.6% | 13.68% | 7.79% | 2.27% | 0.1 pp |
| FY 2022 Q1 | Mar 31, 2022 | 4.37% | 3.47% | — | 7.51% | 2.21% | -0 pp |
| FY 2021 Q4 | Dec 31, 2021 | 4.44% | 3.59% | — | 7.82% | 2.35% | 0 pp |
| FY 2021 Q3 | Sep 30, 2021 | 3.8% | 2.96% | -27.34% | 6.28% | 1.89% | -0.6 pp |
| FY 2021 Q2 | Jun 30, 2021 | 3.9% | 3.08% | -25.79% | 6.18% | 1.84% | -0.5 pp |
| FY 2021 Q1 | Mar 31, 2021 | — | 3.1% | — | 2.78% | 0.88% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | 3.14% | — | 2.68% | 0.86% | — |
| FY 2020 Q3 | Sep 30, 2020 | 5.06% | 3.89% | 17.74% | 4.34% | 1.29% | 0.7 pp |
| FY 2020 Q2 | Jun 30, 2020 | 4.99% | 4.03% | 17.06% | 4.56% | 1.32% | 0.6 pp |
| FY 2020 Q1 | Mar 31, 2020 | 4.68% | 4.1% | 10.67% | 8.06% | 2.37% | 0.3 pp |
| FY 2019 Q4 | Dec 31, 2019 | 4.74% | 4.16% | 13% | 8.18% | 2.46% | 0.3 pp |
| FY 2019 Q3 | Sep 30, 2019 | 4.7% | 4.03% | 8.57% | 7.85% | 2.35% | 0.3 pp |
| FY 2019 Q2 | Jun 30, 2019 | 4.45% | 3.83% | 6.73% | 7.45% | 2.22% | 0 pp |
| FY 2019 Q1 | Mar 31, 2019 | 4.24% | 3.63% | 1.71% | 6.79% | 2.03% | -0.2 pp |
| FY 2018 Q4 | Dec 31, 2018 | 4.06% | 3.66% | -2.87% | 6.23% | 1.88% | -0.3 pp |
| FY 2018 Q3 | Sep 30, 2018 | 4.32% | 3.99% | 9.78% | 6.87% | 2.08% | -0.1 pp |
| FY 2018 Q2 | Jun 30, 2018 | 4.19% | 4.15% | 4.55% | 6.63% | 2.02% | -0.2 pp |
| FY 2018 Q1 | Mar 31, 2018 | 4.37% | 4.5% | 10.84% | 7.14% | 2.17% | -0 pp |
| FY 2017 Q4 | Dec 31, 2017 | 4.45% | 4.69% | 9.87% | 7.39% | 2.26% | 0.1 pp |
| FY 2017 Q3 | Sep 30, 2017 | 4.15% | 4.45% | -1.2% | 5.19% | 1.6% | -0.3 pp |
| FY 2017 Q2 | Jun 30, 2017 | 4.31% | 4.87% | 1.83% | 5.79% | 1.82% | -0.1 pp |
| FY 2017 Q1 | Mar 31, 2017 | 4.18% | 4.69% | 0.07% | 5.36% | 1.7% | -0.2 pp |
| FY 2016 Q4 | Dec 31, 2016 | 4.26% | 4.62% | 0.46% | 5.33% | 1.7% | -0.1 pp |
| FY 2016 Q3 | Sep 30, 2016 | 4.63% | 4.8% | 19.95% | 7.11% | 2.28% | 0.2 pp |
| FY 2016 Q2 | Jun 30, 2016 | 4.46% | 4.64% | 15.34% | 6.57% | 2.17% | 0.1 pp |
| FY 2016 Q1 | Mar 31, 2016 | 4.44% | 4.74% | 63.13% | 6.54% | 2.17% | 0 pp |
| FY 2015 Q4 | Dec 31, 2015 | 4.46% | 4.9% | 71.15% | 6.99% | 2.33% | 0.1 pp |
| FY 2015 Q3 | Sep 30, 2015 | 3.89% | 4.85% | — | 6% | 2.02% | -0.5 pp |
| FY 2015 Q2 | Jun 30, 2015 | 3.79% | 4.93% | — | 6.91% | 2.38% | -0.6 pp |
| FY 2015 Q1 | Mar 31, 2015 | 3.78% | 4.78% | 32.99% | 6.96% | 2.41% | -0.6 pp |
| FY 2014 Q4 | Dec 31, 2014 | 3.86% | 4.88% | -61.81% | 4.58% | 1.6% | -0.5 pp |
| FY 2014 Q3 | Sep 30, 2014 | 3.56% | 3.69% | -11.41% | 5.99% | 2.11% | -0.8 pp |
| FY 2014 Q2 | Jun 30, 2014 | 3.72% | 3.91% | 10.16% | 5.45% | 1.92% | -0.7 pp |
| FY 2014 Q1 | Mar 31, 2014 | 3.37% | 3.64% | 3.27% | 4.74% | 1.7% | -1 pp |
| FY 2013 Q4 | Dec 31, 2013 | 4.21% | 4.75% | 90.11% | 6.48% | 2.33% | -0.2 pp |
| FY 2013 Q3 | Sep 30, 2013 | 3.99% | 4.35% | 85.62% | 5.88% | 2.13% | -0.4 pp |
| FY 2013 Q2 | Jun 30, 2013 | 4.52% | 4.82% | — | 6.4% | 2.26% | 0.1 pp |
| FY 2013 Q1 | Mar 31, 2013 | 4.4% | 4.77% | 2.42% | 6.61% | 2.4% | -0 pp |
| FY 2012 Q4 | Dec 31, 2012 | 3.64% | 3.89% | 0.8% | 5.59% | 2% | -0.8 pp |
| FY 2012 Q3 | Sep 30, 2012 | 3.46% | 3.62% | — | — | 1.88% | -0.9 pp |
| FY 2012 Q2 | Jun 30, 2012 | — | 4.57% | — | — | 2.44% | — |
| FY 2012 Q1 | Mar 31, 2012 | 4.33% | 4.38% | — | 6.55% | 2.47% | -0.1 pp |
| FY 2011 Q4 | Dec 31, 2011 | 4.64% | 4.95% | 23.06% | 7.52% | 2.81% | 0.2 pp |
| FY 2011 Q3 | Sep 30, 2011 | — | 5.35% | — | 8.23% | 3.11% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 5.94% | — | 9.35% | 3.52% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | 3.77% | 4.55% | 4.73% | 5.96% | 2.27% | -0.6 pp |
| FY 2010 Q3 | Sep 30, 2010 | — | 4.47% | — | 5.68% | 2.18% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 3.47% | — | — | 1.22% | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 4.4%, rounded from the Utility · General benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · DUK, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.