Duke Energy Corporation (DUK) vs Xcel Energy Inc. (XEL)

Duke Energy Corporation and Xcel Energy Inc. are both Utilities Regulated Electric companies. Duke Energy Corporation is the larger, with a market value of $101.4B against $51.6B — 2.0× the size. Xcel Energy Inc. trades at the lower P/E: 18.6× against 19.1×. Duke Energy Corporation grew revenue faster over the last twelve months: 6.80% against 4.53%. Xcel Energy Inc. has the higher net margin (18.0% vs 15.8%) and the lower return on invested capital (3.17% vs 4.08%). Both pay a dividend; Duke Energy Corporation yields more (3.28% vs 2.92%). Across the 22 metrics below, Duke Energy Corporation leads on 15 and Xcel Energy Inc. on 7.

Valuation

Metric DUK XEL Utilities Regulated Electric median
P/E 19.06 18.65 19.45
P/S 3.01 3.40 2.78
P/B 1.82 1.98 1.82
Price to free cash flow n/m n/m 45.34
EV/EBITDA 11.19 13.97 12.40
EV/Sales 5.67 5.96 4.95
Earnings yield 5.25% 5.36% 5.12%
Free cash flow yield (5.08%) (15.08%) (5.93%)

Profitability

Metric DUK XEL Utilities Regulated Electric median
Gross margin 0.00% 68.38% 62.00%
Operating margin 28.51% 21.72% 21.72%
Net margin 15.77% 17.95% 13.45%
Free cash flow margin (15.27%) (51.21%) (11.71%)
Return on equity 0.00% 11.43% 9.94%
Return on assets 2.69% 3.14% 2.85%
Return on invested capital 4.08% 3.17% 3.95%

Growth

Metric DUK XEL Utilities Regulated Electric median
Revenue growth (TTM) 6.80% 4.53% 7.78%
EPS growth (last fiscal year) 10.51% (0.58%) 6.01%
Revenue growth, 5-year CAGR 6.65% 4.94% 6.72%
Net income growth, 5-year CAGR 31.07% 6.50% 6.50%

Health

Metric DUK XEL Utilities Regulated Electric median
Debt to equity 1.57 1.59 1.54
Current ratio 0.68 0.69 0.88
Net debt to EBITDA 5.33 5.93 5.27

Dividend

Metric DUK XEL Utilities Regulated Electric median
Dividend yield 3.28% 2.92% 3.16%
Payout ratio 0.63 0.55 0.63

Size

Metric DUK XEL Utilities Regulated Electric median
Market cap 101.42b 51.59b 26.54b

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