DOMINION ENERGY, INC
D· NYSE· Electric Services
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- –
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +3.7%
We record prices for the companies we cover; D is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 855.3M
- Revenue
- $16.5B
- Free cash flow
- –
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 26.7%
- Net
- 18.1%
- Free cash flow
- –
- Owner earnings
- –
- Stock pay
- 0.3%
Returns
- ROIC, FY2025
- 4.8%
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 10.3%
- ROE, 5 yr avg
- 8.4%
Growth (CAGR)
- Revenue, 3 yr
- 4.3%
- Revenue, 5 yr
- 3.7%
- Revenue, 9 yr
- 3.9%
- Diluted EPS, 3 yr
- 37.4%
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- 0.0%
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $250.0M
- Total debt
- $48.8B
- Net debt
- $48.5B
- Debt/Equity
- 1.7x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 76.0%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 0.6%
Financials: ten years from the 10-Ks
Revenue
$16.5B
+3.9% a year over 9 years
FY2016FY2025
Margins
Operating26.7%Net18.1%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow–Owner earnings–
FY2025
FY2016FY2025
Diluted shares
855.3M
+38.6% over 9 years, net dilution
FY2016FY2025
Return on invested capital
4.8%
FY2025
FY2016FY2025
Net debt (below zero)
-$48.5B
$48.5B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $11.7B | $12.6B | $10.9B | $13.7B | $13.8B | $11.7B | $14.6B | $13.5B | $14.2B | $16.5B |
| Revenue growth | 0.5% | 7.2% | -13.5% | 26.2% | 0.1% | -15.2% | 24.8% | -7.3% | 5.2% | 16.5% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 29.4% | 31.3% | 27.7% | 11.2% | 14.9% | 17.1% | 9.9% | 25.3% | 22.9% | 26.7% |
| Net income | $2.1B | $3.0B | $2.4B | $1.4B | -$401.0M | $3.4B | $1.2B | $2.0B | $2.0B | $3.0B |
| Net margin | 18.1% | 23.8% | 22.5% | 9.9% | -2.9% | 29.1% | 8.2% | 14.5% | 14.3% | 18.1% |
| Diluted EPS | $3.44 | $4.72 | $3.74 | $1.62 | $-0.57 | $4.12 | $1.33 | $2.25 | $2.33 | $3.45 |
| Return on invested capital? | 5.4% | – | – | – | – | – | 1.6% | 3.6% | 3.9% | 4.8% |
| Cash | ||||||||||
| Operating cash flow | $4.2B | $4.5B | $4.8B | $5.2B | $5.2B | $4.0B | $3.7B | $6.6B | $5.0B | $5.4B |
| Capital expenditure | $6.1B | $5.5B | $4.3B | $5.0B | – | – | – | – | – | – |
| Free cash flow | -$1.9B | -$1.0B | $519.0M | $224.0M | – | – | – | – | – | – |
| Stock-based compensation | $33.0M | $45.0M | $48.0M | $46.0M | $64.0M | $42.0M | $36.0M | $44.0M | $53.0M | $46.0M |
| Owner earnings? | -$2.0B | -$1.0B | $471.0M | $178.0M | – | – | – | – | – | – |
| Free cash flow per share | $-3.13 | $-1.58 | $0.79 | $0.28 | – | – | – | – | – | – |
| Capital allocation | ||||||||||
| Dividends paid | $1.7B | $1.9B | $2.2B | $3.0B | $2.9B | $2.0B | $2.2B | $2.2B | $2.2B | $2.3B |
| Share repurchases | – | – | – | – | $3.1B | – | – | – | – | – |
| Diluted shares | 617.1M | 636.0M | 654.9M | 808.9M | 831.0M | 808.5M | 824.8M | 836.5M | 839.4M | 855.3M |
| Share count change? | 3.9% | 3.1% | 3.0% | 23.5% | 2.7% | -2.7% | 2.0% | 1.4% | 0.3% | 1.9% |
| Balance sheet | ||||||||||
| Cash and equivalents | $261.0M | $120.0M | $268.0M | $135.0M | $172.0M | $283.0M | $119.0M | $184.0M | $310.0M | $250.0M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $35.1B | $37.3B | – | – | – | – | $45.3B | $44.2B | $41.8B | $48.8B |
| Net debt | $34.8B | $37.2B | – | – | – | – | $45.2B | $44.0B | $41.5B | $48.5B |
| Shareholders' equity | $14.6B | $17.1B | $20.1B | $32.0B | $26.1B | $27.3B | $27.7B | $27.6B | $26.9B | $29.1B |
Latest filings
| 2026-10-30 | 10-Q | Quarterly report |
| 2026-10-30 | 8-K | Earnings release |
| 2026-07-31 | 10-Q | Quarterly report |
| 2026-07-31 | 8-K | Earnings release |
| 2026-05-01 | 10-Q | Quarterly report |
| 2026-05-01 | 8-K | Earnings release |
| 2026-03-19 | DEF 14A | Proxy statement |
| 2026-02-23 | 10-K | Annual report |
| 2026-02-23 | 8-K | Earnings release |
| 2025-10-31 | 10-Q | Quarterly report |
More from our coverage
- MSFTPlatforms8.4MicrosoftThe most entrenched software franchise in the enterprise, now spending its cash flow on AI capacity; a great business we would own with a margin of safety, not at any price.Base value $410.29
- NVDAAI infrastructure8.4NVIDIAThe best business in technology at the top of its cycle: the moat is CUDA as much as silicon, but today's margins are a peak, not a floor.Base value $104.32
- AAPLHardware7.6AppleOne of the highest-quality businesses in the world growing in the low single digits; the price usually assumes more growth than the numbers show.Base value $134.27
- GOOGLPlatforms7.4AlphabetSearch pays for everything, and AI is both its biggest threat and its biggest opportunity; the price has to allow for search being worth less than it was.Base value $209.60
- NOWSoftware7.4ServiceNowA rare enterprise platform still growing above 20% with high retention; the free cash flow is real but stock pay takes a large share of it.Base value $189.13
- ADBESoftware7.4AdobeSuperb margins and a shrinking share count, priced for decline; the question is whether AI makes Adobe's tools more valuable or makes them unnecessary.Base value $449.35
