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Duke Energy (FRA:D2MN) Gross Profit : €13,509 Mil (TTM As of Sep. 2024)


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What is Duke Energy Gross Profit?

Duke Energy's gross profit for the three months ended in Sep. 2024 was €3,632 Mil. Duke Energy's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was €13,509 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Duke Energy's gross profit for the three months ended in Sep. 2024 was €3,632 Mil. Duke Energy's Revenue for the three months ended in Sep. 2024 was €7,347 Mil. Therefore, Duke Energy's Gross Margin % for the quarter that ended in Sep. 2024 was 49.44%.

Duke Energy had a gross margin of 49.44% for the quarter that ended in Sep. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Duke Energy was 48.81%. The lowest was 40.37%. And the median was 45.13%.


Duke Energy Gross Profit Historical Data

The historical data trend for Duke Energy's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Duke Energy Gross Profit Chart

Duke Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10,404.00 9,332.17 10,582.83 12,249.34 12,614.25

Duke Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,689.91 3,156.31 3,427.00 3,294.23 3,631.93

Competitive Comparison of Duke Energy's Gross Profit

For the Utilities - Regulated Electric subindustry, Duke Energy's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Duke Energy's Gross Profit Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Duke Energy's Gross Profit distribution charts can be found below:

* The bar in red indicates where Duke Energy's Gross Profit falls into.



Duke Energy Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Duke Energy's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=26648.02 - 14033.768
=12,614

Duke Energy's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=7346.754 - 3714.823
=3,632

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €13,509 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Duke Energy's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=3,632 / 7346.754
=49.44 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Duke Energy  (FRA:D2MN) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Duke Energy had a gross margin of 49.44% for the quarter that ended in Sep. 2024 => Durable competitive advantage


Duke Energy Gross Profit Related Terms

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Duke Energy Business Description

Address
525 South Tryon Street, Charlotte, NC, USA, 28202
Duke Energy is one of the largest us utilities, with regulated utilities in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity to 8.2 million customers. Its natural gas utilities serve more than 1.6 million customers.

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