Dominion Energy (D)
Utilities · $55.2B market cap · SEC CIK 0000715957
fundamentals score out of 100
Next reports on Oct 29, 2026, before the open, with analysts expecting $1.22 in earnings per share.
The case for D
- Revenue up 21.8% on the year.
- Pays a 5.7% dividend while you wait.
- Moves less than the market (beta 0.62).
The case against
- Long-term debt of $46.3B would take 9 years of operating cash flow to repay.
- Current liabilities exceed current assets (ratio 0.81).
- Dividend takes 91% of earnings, leaving little cushion.
- The price trend is weak (42/100): +5.0% over a year, -8.2% over three months, 38% of the way up its 52-week range.
- Return on equity of 9% is lower than 86% of Utilities companies.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Utilities companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 68 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 42 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 56 |
| Momentumhow the price has behaved lately | 42 |
| Stabilityhow violently it moves, what it owes and what it pays you | 44 |
- Each factor except momentum is half fixed thresholds, half rank among the 31 Utilities companies.
Key numbers
| Price / earnings | 21.8× |
|---|---|
| Price / book | 2.08× |
| Price / sales | 3.1× |
| Revenue growth (YoY) | +21.8% |
| EPS growth (YoY) | +0.2% |
| Gross margin | 43% |
| Operating margin | 22% |
| Net margin | 14% |
| Return on equity | 9% |
| Debt / equity | 1.85× |
| Current ratio | 0.81 |
| Dividend yield | 5.69% |
| Beta | 0.62 |
| 52-week range | $55.85 – $72.99 |
| Position in that range | 38% of the way up |
| 3-month return | -8.2% |
| 1-year return | +5.0% |
Five years of financials, as filed
Pulled from Dominion Energy's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $16.5B | $14.2B | $13.5B | $14.6B | $11.7B |
| Operating income | $4.4B | $3.2B | $3.4B | $1.4B | $2.0B |
| Net income | $3.0B | $2.0B | $2.0B | $1.2B | $3.4B |
| Operating cash flow | $5.4B | $5.0B | $6.6B | $3.7B | $4.0B |
| Total assets | $116B | $102B | $109B | $105B | $99.6B |
| Total liabilities | $82.4B | $72.6B | $81.5B | $77.1B | $70.7B |
| Shareholder equity | $29.1B | $26.9B | $27.6B | $27.7B | $27.3B |
| Cash | $250M | $310M | $184M | $119M | $249M |
| Long-term debt | $46.3B | $39.3B | $40.2B | $37.5B | — |
| Operating margin | 26.7% | 22.9% | 25.3% | 9.9% | 17.1% |
| Net margin | 18.1% | 14.3% | 14.5% | 8.2% | 29.1% |
| Diluted shares | 855M | 839M | 837M | 825M | 809M |
Share count is up 5.8% over 4 years. Mild issuance.
What Dominion Energy says it does
for additional discussion of various significant capital projects currently under development. The above estimates are based on a capital expenditures plan reviewed and endorsed by Dominion Energy’s Board of Directors in early 2026 and are subject to continuing review and adjustment. Actual capital expenditures may vary from these estimates. Dominion Energy may also choose to postpone or cancel certain planned capital expenditures in order to mitigate the need for future debt financings and equity issuances. Dividends Dominion Energy believes that its operations provide a stable source of cash flow to contribute to planned levels of capital expenditures and maintain or grow the dividend on common shares. In December 2025, Dominion Energy’s Board of Directors established an annual dividend rate for 2026 of $2.67 per share of common stock, consistent with the 2025 rate. Dividends are subject to declaration by the Board of Directors. In…
Risk factors D lists in its 10-K
- Critical Accounting Policies and Estimates
- Accounting for Regulated Operations
- Management’s Discussion and Analysis of Financial Condition and Results of Operations, Continued
- Accounting for Derivative Contracts and Financial Instruments at Fair Value
- Use of Estimates in Goodwill Impairment Testing
- Use of Estimates in Long-Lived Asset Impairment Testing
- Analysis of Consolidated Operations
- Electric fuel and other energy-related purchases
- Impairment of assets and other charges
- Net income from discontinued operations including noncontrolling interests
- Net Income (Loss) Attributable to Dominion Energy
- Includes earnings impact from outage costs and lower energy margins
- Includes an increase from renewable natural gas facilities of $79 million
- Includes the effect of one planned refueling outage during 2024 as compared to two planned refueling outages in 2023