Dominion Energy Inc.

D Utilities Utilities Regulated Electric

Dominion Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.5 billion, up 14.2% from fiscal 2024.

Revenue
+24.1%
EPS
+12.1%
Free cash flow
+50.1%
Total debt
+12.6%

Quarter to September 2026, against a year earlier

69.72 0.03 −0.04%
Market cap
$61.3B
P/E
23.2×
Fwd P/E
22.5×
Dividend yield
3.83%
F-score
6/9
Altman Z
0.64
Beneish M
−2.26
Dividend safety
17/100

Revenue by segment Fiscal 2025

  • Dominion Energy Virginia
  • DESC
  • Contracted Energy
  • Corporate and Other

Every year since 2008 →

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.13%

Capital & Financial Ratios $m

Size
Market Cap 61,250.00
Revenue ttm 19,209.00
Net income ttm 2,900.00
Free cash flow ttm (6,287.00)
Net debt Q 54,211.00
Valuation
P/E 23.16
Forward P/E 22.50
Price / sales 3.19
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.83
Financial health
Current ratio Q 0.88 (below 1: weak)
Debt / equity Q 1.59
Interest coverage Q 2.96
Growth
Revenue growth Q +24.08% (above 0%: growing)
Operating income growth Q +37.57% (above 0%: growing)
EPS, this year +5.32%
EPS, next year A +5.98%
Revenue, next year A +10.66% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +6.06%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 54.65%
10-year low 10-year high
P/S against its own 10 years 17.35%
10-year low 10-year high
P/B against its own 10 years 31.10%
10-year low 10-year high
EV/Sales against its own 10 years 10.49%
10-year low 10-year high

Dividends

Yield
3.83%
Annual rate
2.67
Payout ratio
88.7%
Growth, 2017–25
−1.59%/yr
  1. 3.04 ’17
  2. 3.34 ’18 +10
  3. 3.67 ’19 +10
  4. 3.45 ’20 −6
  5. 2.52 ’21 −27
  6. 2.67 ’22 +6
  7. 2.67 ’23 +0
  8. 2.67 ’24 +0
  9. 2.67 ’25 +0
  10. 2.67 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 184 310 250 435
Receivables 2,509 2,527 3,411 3,848
Inventory 1,698 1,764 1,957 2,030
Other 20,798 1,697 2,076 3,086
25,435 6,613 8,071 9,750
2023 2024 2025 Q'26
Payables 921 1,149 1,338 1,266
ST’ Debt 10,995 4,225 4,866 5,707
Other 11,485 2,870 2,996 2,816
24,476 9,289 10,444 11,136

Compound Annual Growth %

10y 5y 3y
Sales 3.52% 3.10% 5.80%
Cash Flow 1.82% 0.51% 13.16%
Earnings 4.67% 0.00% 36.03%
Book Value 9.40% 4.78% 6.51%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.69 0.37 1.30 — —
’25 0.75 0.88 1.16 0.65 3.45
’24 0.46 0.65 1.12 0.15 2.44
’23 1.17 0.69 0.17 0.30 2.29
’22 0.83 (0.58) 0.91 (0.07) 1.33
’21 1.23 0.33 0.79 1.63 3.98
’20 (0.34) (1.41) 0.41 0.82 (0.57)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 5,019 4,480 5,617 — —
’25 4,076 3,810 4,527 4,093 16,506
’24 3,632 3,486 3,941 3,400 14,459
’23 3,883 3,166 3,810 3,534 14,393
’22 4,279 3,596 3,963 2,100 13,938
’21 3,870 3,038 3,176 1,335 11,419
’20 3,938 3,106 3,607 3,521 14,172
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 882 1,575 2,231 — —
’25 1,183 1,246 1,945 987 5,361
’24 1,982 856 1,539 641 5,018
’23 2,097 1,097 1,992 1,386 6,572
’22 1,125 236 1,310 1,029 3,700
’21 1,452 788 1,295 502 4,037
’20 1,633 1,503 1,674 417 5,227
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2,141) (1,201) (546) — —
’25 (2,030) (1,757) (1,094) (2,399) (7,280)
’24 (787) (2,109) (1,446) (2,838) (7,180)
’23 (123) (1,533) (324) (1,659) (3,639)
’22 (497) (1,215) (868) (1,311) (3,891)
’21 124 (548) (183) (1,316) (1,923)
’20 171 50 180 (1,194) (793)
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 26.6% a year for ten years.

Implied
26.6%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 11,737 12,586 11,199 14,401 14,172 11,419 13,938 14,393 14,459 16,506 19,209 +3.9% 18,265 19,500 20,844 +8.1%
Gross margin, % 75.37 76.10 69.52 68.52 77.53 75.22 69.90 70.30 72.70 70.51 66.92 (4.9) pt
EBT 2,867 3,090 2,619 869 1,411 1,880 328 2,731 2,195 3,611 3,358 +2.6%
EBT margin, % 24.43 24.55 23.39 6.03 9.96 16.46 2.35 18.97 15.18 21.88 17.48 (2.5) pt
Net income 2,212 3,120 2,549 1,376 (550) 3,419 1,191 1,962 1,981 3,065 2,900 +3.7%
Per share, $
Per share, $ Revenue 19.04 19.79 17.12 17.81 17.05 14.14 16.92 17.21 17.23 19.33 21.84 +0.2%
Earnings 3.44 4.93 3.74 1.73 (0.57) 3.98 1.33 2.29 2.44 3.45 3.01 0.0%
Cash flow 6.73 7.08 7.30 6.43 6.29 5.00 4.49 7.86 5.98 6.28 6.45 (0.8%)
Capex (9.87) (8.65) (6.50) (6.16) (7.24) (7.38) (9.21) (12.21) (14.54) (14.80) (13.60) +4.6%
Free cash flow (3.14) (1.58) 0.79 0.28 (0.95) (2.38) (4.72) (4.35) (8.56) (8.52) (7.15) +11.7%
Book value 27.32 30.46 33.70 42.08 31.84 35.80 33.57 32.96 35.51 39.13 39.13 +4.1%
Shares, m 616 636 654 809 831 808 824 836 839 854 873 +3.7%
Valuation, ×
Valuation, × P/E 22.17 16.35 19.11 48.15 0.00 19.74 57.77 20.82 22.63 17.03 23.16 24.4
P/S 4.00 4.06 4.17 4.65 4.41 5.56 3.72 2.82 3.13 3.03 3.19 4.0
P/B 2.79 2.64 2.12 2.12 2.60 2.49 2.01 1.57 1.57 1.54 1.83 2.1
EV/Sales 6.97 7.01 7.29 6.89 7.01 9.09 6.68 5.88 5.99 5.98 6.01 6.9
EV/FCF (42.31) (88.09) 157.33 442.67 (125.26) (53.96) (23.93) (23.26) (12.07) (13.56) (18.38) 21.8
Cash, $m
Cash, $m Operating cash flow 4,151 4,502 4,773 5,204 5,227 4,037 3,700 6,572 5,018 5,361 5,675 +2.9%
Capex (6,085) (5,504) (4,254) (4,980) (6,020) (5,960) (7,591) (10,211) (12,198) (12,641) (11,962) +8.5%
Free cash flow (1,934) (1,002) 519 224 (793) (1,923) (3,891) (3,639) (7,180) (7,280) (6,287) +15.9%
Balance, $m
Balance, $m Working capital (3,867) (5,302) (2,486) (3,844) (3,957) (1,404) (3,600) 959 (2,676) (2,373) (1,386) (5.3%)
Net debt 34,834 37,204 34,907 32,174 36,842 40,298 41,225 44,059 41,440 48,691 54,211 +3.8%
Shareholders’ equity 16,840 19,370 22,048 34,033 26,461 28,918 27,659 27,567 29,802 33,417 34,415 +7.9%
Returns, %
Returns, % ROA 3.26 4.05 3.17 1.49 (0.40) 3.48 1.17 1.83 1.92 2.75 2.27 (0.5) pt
ROIC 4.17 4.35 3.31 1.46 2.03 1.80 1.31 2.98 2.85 3.36 3.05 (0.8) pt
ROE 13.95 16.56 11.82 5.06 (1.44) 13.71 4.63 7.60 7.45 9.79 8.38 (4.2) pt
People
People Employees 16,200 16,200 21,300 19,100 17,300 17,100 17,200 17,700 14,700 15,200 — (0.7%)
Revenue/emp, $m 0.72 0.78 0.53 0.75 0.82 0.67 0.81 0.81 0.98 1.09 — +4.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Dominion Energy supplies electricity to homes, businesses, governments and other customers, principally through regulated utilities. Its operations span electricity generation, transmission over high-voltage lines and distribution to customers over local networks. It also distributes natural gas in South Carolina and operates electricity generation businesses outside its regulated utilities.

The company is headquartered in Richmond, Virginia, and was incorporated in Virginia in 1983. Robert Blue is its chair, president and chief executive officer. At December 31, 2025, Dominion had approximately 15,200 full-time employees.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Dominion Energy Virginia 11,840 71.73%
DESC 3,578 21.68%
Contracted Energy 1,179 7.14%
Corporate and Other 1,172 7.10%
Gross margin 70.51%
Operating margin 26.74%
Pre-tax margin 21.88%

Revenue by segment since 2008

Dominion Energy Inc. vs peers in Utilities Regulated Electric (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DUK Duke Energy Corporation $101.4B 19.1× 18.9× +6.58% (above 0%: growing) +9.94% (above 0%: growing) −496.09% (below 0%: shrinking) 0.00% 30.17% Compare
NGG National Grid Transco, PLC $86.4B 23.5× 13.9× +10.37% (above 0%: growing) +115.14% (above 0%: growing) −2,663.95% (below 0%: shrinking) 23.34% 0.00% Compare
AEP American Electric Power Company, Inc. $69.0B 20.3× 20.1× +13.66% (above 0%: growing) +22.92% (above 0%: growing) −376.09% (below 0%: shrinking) 69.45% 26.52% Compare
D Dominion Energy Inc. $61.3B 23.2× 22.5× +24.08% (above 0%: growing) +12.07% (above 0%: growing) +50.09% (above 0%: growing) 68.86% 32.79%
ETR Entergy Corporation $52.7B 25.0× 25.0× +14.51% (above 0%: growing) +29.75% (above 0%: growing) −295.69% (below 0%: shrinking) 72.75% 33.93% Compare
XEL Xcel Energy Inc. $51.6B 18.6× 19.5× +6.56% (above 0%: growing) +71.48% (above 0%: growing) +5.89% (above 0%: growing) 72.99% 28.55% Compare
EXC Exelon Corporation $48.2B 18.1× 16.2× +9.16% (above 0%: growing) −18.60% (below 0%: shrinking) −410.43% (below 0%: shrinking) 60.14% 18.84% Compare
ED Consolidated Edison Inc $44.8B 19.4× 18.2× +8.45% (above 0%: growing) +8.38% (above 0%: growing) +237.96% (above 0%: growing) 0.00% 23.81% Compare
WEC WEC Energy Group, Inc. $38.9B 21.3× 20.7× +8.87% (above 0%: growing) +41.67% (above 0%: growing) +86.39% (above 0%: growing) 71.57% 24.61% Compare
Median of peers $52.1B 19.8× 19.2× +9.02% +26.34% −335.89% 64.80% 25.57%

All 39 Utilities Regulated Electric stocks →

From the latest earnings call

Updated

  • CFO Steven Ridge said Dominion continues to see data-center demand in Virginia and is using a state-approved framework intended to protect existing customers from cost shifts.
  • CEO Robert Blue said Coastal Virginia Offshore Wind had used some schedule contingency after weather and vessel maintenance slowed installation, but its completion outlook remained unchanged.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 80.74%
Held by the ten largest 49.85%
Holder Shares Stake Change
Vanguard 112.19m 12.76% +2.25m
Capital Group 73.87m 8.40% +24.88m
BlackRock 73.02m 8.30% −8.00m
State Street 50.92m 5.79% +1.70m
Wellington Management 40.87m 4.65% −6.73m
MFS Investment Management 20.03m 2.28% −6.59m
Geode Capital Management 19.79m 2.25% +731.89k
Dodge & Cox 18.30m 2.08% −1.17m
JPMorgan Chase 14.88m 1.69% −7.49m
Bank of America 14.60m 1.66% −1.33m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Dominion Energy Inc. (D) Latest News

2 Nov

30 Oct

Impact 3 · · MarketBeat transcript
Impact 3 · · The Motley Fool transcript
Impact 3 · · Business Wire

D metrics, ten years each

stockrow.com/D · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com