DUKE ENERGY CORPORATION vs TC ENERGY CORPORATION, two Utilities stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
The rate-base model and the toll-road model meet here. Duke Energy earns a regulated return on the wires and plants it owns and pays a steady dividend; TC Energy charges volume-based fees to move natural gas through its pipelines. The cash gap is stark: TC Energy yielded 7.45 percent in free cash while Duke ran negative 3.3, weighed by capital spending. TC Energy holds a wider net margin, 23.09 percent to 15.49, and pays more, 3.59 percent versus 3.29. Duke trades cheaper, 19.69 times earnings against 28.98, and asks less for book, 1.77 to 2.67. Their returns on equity nearly match, 9.1 percent for Duke and 9.54 for TC Energy.
Comparison updated 2026-07-11.
| Metric | DUK | TRP |
|---|---|---|
| Price | $125.46 | $67.32 |
| Market cap | $97.7B | $70.0B |
| Sector | Utilities | Utilities |
| Stage | Mature | Mature |
| Implied growth (priced in) | +0.4% | -2.2% |
| P/E | 19.2 | 28.0 |
| P/B | 1.73 | 2.58 |
| P/S | 2.95 | 6.25 |
| EV/EBITDA | 16.8 | 8.9 |
| Revenue growth | +7.1% | +3.5% |
| Operating margin | 29.7% | 52.7% |
| Net margin | 15.5% | 23.1% |
| Return on equity | 9.1% | 9.5% |
| Return on assets | 2.6% | 3.0% |
| Return on invested capital | 5.2% | 16.5% |
| FCF yield | -3.4% | 7.7% |
| Dividend yield | 3.4% | 3.7% |
| Debt / equity | 1.56 | 0.04 |
| Current ratio | 0.66 | 0.63 |
| Altman Z (solvency) | 6.21 | 0.94 |
| Piotroski F (quality) | 6 / 9 | 6 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.