Duke Energy vs Nextera Energy (DUK vs NEE)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Duke Energy is the larger company by revenue ($31.7B vs $25.8B). Nextera Energy carries the larger market value ($166.5B vs $94.7B). Nextera Energy has grown revenue faster over the last 4 fiscal years (+37.2% cumulative vs +29.6%). Nextera Energy runs the higher operating margin (32.1% vs 27.2%).
About Duke Energy
Duke Energy is an energy company that provides retail electric service through its regulated public utilities in the Southeast and Midwest regions of the United States. It generates, transmits, distributes, and sells electricity to approximately 8.7 million customers across six states. The company operates a diverse generation portfolio primarily fueled by natural gas, nuclear, and coal, and serves residential, commercial, and industrial customers.
About Nextera Energy
NextEra Energy Inc is a large electric power and energy infrastructure company in North America. It operates two main businesses: Florida Power & Light Company (FPL), the largest electric utility in Florida serving over six million customer accounts, and NextEra Energy Resources (NEER), which develops, constructs, and operates long-term contracted generation facilities including renewables, nuclear, and natural gas. The company provides electric generation, storage, transmission, and distribution services primarily to residential, commercial, and industrial customers across Florida and other U.S. regions.
Head to head (DUK FY2025 vs NEE FY2025)
| Metric | DUKFY2025 | NEEFY2025 |
|---|---|---|
| Revenue | $31.74B | $25.80B |
| Revenue growth (YoY) | 5.6% | 9.8% |
| Gross margin | — | — |
| Operating margin | 27.2% | 32.1% |
| Net margin | 15.7% | 26.5% |
| Net income | $4.97B | $6.83B |
| Diluted EPS | $6.31 | $3.30 |
| FCF margin | -5.3% | — |
| ROE | 9.4% | 10.3% |
| Long-term debt / equity | 1.51× | 1.35× |
| Market cap | $94.71B | $166.46B |
| P/E | 18.3× | 17.9× |
Fundamentals are from each company’s SEC filings (DUK FY2025, NEE FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| DUK | $24.49B | $28.68B | $28.67B | $30.05B | $31.74B |
| NEE | $18.80B | $23.00B | $24.80B | $23.50B | $25.80B |
Peer standing
Where each company ranks among the 86 Utilities companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | DUK | NEE |
|---|---|---|
| Operating margin | 27.2%79th percentile of 77 | 32.1%87th percentile of 77 |
| Net margin | 15.7%71st percentile of 80 | 26.5%96th percentile of 80 |
| Revenue growth (YoY) | +5.6%36th percentile of 82 | +9.8%58th percentile of 82 |
| ROE | 9.4%59th percentile of 81 | 10.3%68th percentile of 81 |
| P/E | 18.3×32nd percentile of 74 | 17.9×27th percentile of 74 |
| Long-term debt / equity | 1.51×76th percentile of 77 | 1.35×63rd percentile of 77 |
| Short interest (days to cover) | 4.00d45th percentile of 86 | 4.60d56th percentile of 86 |
Short interest
| FINRA settlement data | DUK | NEE |
|---|---|---|
| Shares sold short | 17.8M | 59.3M |
| Change vs prior settlement | -6.5% | +4.9% |
| Days to cover | 4.00 | 4.60 |
| As of settlement | 2026-09-30 | 2026-09-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | DUK | NEE |
|---|---|---|
| Buys | 0 | — |
| Sells | 0 | — |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
6 tracked 13F managers hold both Duke Energy and Nextera Energy as of their latest quarterly filings: AQR Capital Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.