DDominion Energy

Utilities · Electric Utilities · NYSE

Dominion Energy, headquartered in Richmond, Virginia and incorporated in Virginia in 1983, provides service to approximately 4.1 million primarily electric utility customers in Virginia, North Carolina and South Carolina. 10-K, Item 1

Employees: 15,200
Headquarters: Richmond, VA
Next results: around Feb 22, 2027

Compare with peers → Embed

All key numbers (40, from the latest 10-K and 10-Q) From EDGAR

EPS (ttm)	3.37	Sales (ttm)	17.5B	Net income (ttm)	3.0B	Sales growth	+16.5%	EPS growth	+48.1%	Sales Q/Q	+24.6%
Free cash flow	-	Gross margin	-	Oper. margin	26.1%	Net margin	16.9%	FCF margin	-	ROE	10.1%
ROA	2.5%	R&D / sales	-	Dividend	2.67	Debt/Eq	1.78	Curr. ratio	0.78	Cash	351.0M
Op. cash flow (ttm)	5.1B	EBITDA	6.8B	EBITDA margin	41.2%	Net debt	51.4B	Quick ratio	0.61	Interest cover	2.45
ROIC	4.7%	Payout ratio	77.4%	Tax rate	14.7%	Stock pay / sales	0.3%	Shares out.	879.5M	Shares Y/Y	+1.9%
Book / share	33.14	Cash / share	0.40	Sales / share	19.93	Asset turnover	0.15	Days sales out.	56	Sales 3Y CAGR	+4.3%
Sales 5Y CAGR	+3.1%	EPS 3Y CAGR	+37.4%	Employees	15,200	Sales / employee	1.2M

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024

Revenue growth sped up to +14.3%+0.5% → +14.3% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
Operating margin widened to 26.7%22.5% → 26.7% · Operating income / revenue · 10-K ↗

What management wrote about it → · Every company →

D against Utilities peers

Ten years, side by side → · All 31 →

DPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 31 companies, the better end on the right. Hover a dot for the company.

Sales growth

+16.5%4th of 31 · median +9.7%

Net margin

16.9%9th of 31 · median 13.8%

Return on equity

10.1%17th of 31 · median 10.3%

Debt / equity (less is better)

1.7817th of 30 · median 1.70

D and the 5 peers closest in revenue
Company	Revenue (ttm)	Sales growth	Gross margin	Net margin	ROE	FCF margin	Debt / equity
D Dominion Energy	$17.5B	+16.5%	-	16.9%	10.1%	-	1.78
EIX Edison International	$18.6B	+9.8%	-	19.6%	20.3%	-0.7%	2.33
ED Consolidated Edison	$18.2B	+10.2%	-	12.6%	8.7%	-	0.98
DTE DTE Energy	$16.5B	+26.9%	-	7.7%	10.3%	-	2.17
FE FirstEnergy	$15.5B	+12.0%	-	6.9%	8.4%	-11.2%	2.22
XEL Xcel Energy	$14.9B	+9.1%	-	17.9%	10.5%	-51.2%	1.59

Profitability

1 of 3

✓
Net margin above the peer median16.9% vs 13.8%
!
Return on equity below 15%10.1%
!
A profit in 9 of 10 years

Net margin, FY2016 to FY2025: 18.1% → 18.1%

Balance sheet

0 of 3

!
Interest covered less than 5 timesOperating income is 2.5× interest expense
!
Debt larger than equityDebt / equity 1.78 on the latest balance sheet (peer median 1.70)
!
Current ratio below 1Current ratio 0.78

Debt / equity at each year end, FY2016 to FY2025: 2.42 → 1.68

What the debt is made of ↓

Cash and shareholders

1 of 4

!
Free cash flow positive in 2 of 4 years$224.0M last year
!
Share count up over 5 years+2.9%
!
Dividend per share not up over 5 years$3.45 → $2.67
✓
Cash from operations above net income$5.4B vs $3.0B

Free cash flow, FY2016 to FY2025: -1.9B → 224.0M

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Mar 31, 2026 · schedule of Dec 31, 2025

The debt note's own lines, 2025-12-31

Fixed rate $0Floating $490.0M Not stated $92.7B

Line, as the company names it	Kind	Rate	Fixed or floating	Amount
Unsecured senior notes	Secured	–	not stated	$33.9B
Unsecured Senior Notes, 2.30% to 8.875%, due 2025 to 2055 (Senior Notes)	Secured	–	not stated	$21.4B
1.45% to 7.00%, due 2025 to 2052 (Senior Notes)	Notes and bonds	1.45–7.00%	not stated	$12.5B
Junior Subordinated Notes	Subordinated	–	not stated	$6.0B
6.00% to 7.00% due 2054 to 2056 (Junior Subordinated Debt)	Subordinated	6.00–7.00%	not stated	$6.0B
First mortgage bonds, 2.30% to 6.625%, due 2028 to 2065 (DESC)	Notes and bonds	–	not stated	$4.6B
First mortgage bonds	Notes and bonds	–	not stated	$4.6B
Senior Secured Deferred Fuel Cost Bonds, 4.877% and 5.088%, due 2029 and 2033 (Tax Exempt Financing)	Secured	–	not stated	$1.1B
Senior secured deferred fuel cost bonds	Secured	–	not stated	$1.1B
Tax-exempt financings	–	–	not stated	$747.0M
Tax-Exempt Financings, 3.125% to 3.80%, due 2032 to 2041 (Tax Exempt Financing)	–	–	not stated	$625.0M
Floating Rate Demand Notes	Notes and bonds	–	floating	$422.0M
Industrial Revenue Bonds	Notes and bonds	–	not stated	$68.0M
3.625% and 4.00%, due 2028 and 2033 (Tax Exempt Financing)	–	3.62–4.00%	not stated	$54.0M
Variable Rate Due 2038 (Tax Exempt Financing)	–	–	floating	$35.0M
GENCO variable rate due 2038 (Tax Exempt Financing)	–	–	floating	$33.0M
8.40%, due 2031 (Junior Subordinated Debt)	Subordinated	8.40%	not stated	$10.0M
Other (Tax Exempt Financing)	–	–	not stated	$1.0M

All 18 lines

From the debt note in the 10-K's XBRL (0001193125-26-063120), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2016 to FY2025

Revenue 16.5B Net income 3.0B

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

D's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly

Revenue16.5B

Net income3.0B

Free cash flow224.0M

EPS (diluted)3.45

Dividend per share2.67

Diluted shares855.3M

Revenue by business segment

year to Dec 31, 2025

	Revenue	Share	vs year before
Dominion Energy Virginia	11.8B	71.7%	+15.7%
Dominion Energy South Carolina	3.6B	21.7%	+8.3%
Contracted Energy	1.2B	7.1%	+6.3%
Corporate And Other	1.2B	7.1%	+39.4%

10-K 0001193125-26-063120, segment and revenue notes (XBRL).

Revenue by product or service

year to Dec 31, 2025

	Revenue	Share	vs year before
Nonregulated Electric Sales	1.2B	7.5%	+32.8%
Other Regulated Revenues	309.0M	1.9%	-16.9%
Other Nonregulated Revenues	266.0M	1.6%	+59.3%
Regulated Gas Transportation and Storage	36.0M	0.2%	+71.4%

10-K 0001193125-26-063120, segment and revenue notes (XBRL).

Income statement

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	11.7B	12.6B	11.2B	14.4B	14.2B	11.7B	14.6B	14.4B	14.5B	16.5B
Operating income	3.4B	3.9B	3.0B	1.5B	2.1B	2.0B	1.4B	3.4B	3.2B	4.4B
Interest expense	905.0M	1.1B	1.4B	1.6B	1.5B	1.3B	1.4B	2.0B	1.9B	1.8B
Pretax income	2.9B	3.1B	2.6B	869.0M	1.4B	1.9B	328.0M	2.7B	2.2B	3.6B
Income tax	655.0M	-30.0M	522.0M	209.0M	83.0M	-181.0M	59.0M	644.0M	411.0M	532.0M
Net income	2.1B	3.0B	2.4B	1.4B	-401.0M	3.4B	1.2B	2.0B	2.0B	3.0B
EPS (diluted)	3.44	4.72	3.74	1.62	-0.57	4.12	1.33	2.25	2.33	3.45
Diluted shares	617.1M	636.0M	654.9M	808.9M	831.0M	808.5M	824.8M	836.5M	839.4M	855.3M
Depreciation & amortization	1.6B	1.9B	1.7B	2.3B	2.3B	2.1B	2.4B	2.6B	2.3B	2.4B
EBITDA	5.0B	5.8B	4.7B	3.8B	4.4B	4.1B	3.9B	6.0B	5.6B	6.8B
Operating margin	29.4%	31.3%	26.9%	10.7%	14.5%	17.1%	9.9%	23.7%	22.5%	26.7%
Net margin	18.1%	23.8%	21.9%	9.4%	-2.8%	29.1%	8.2%	13.6%	14.1%	18.1%
Revenue growth	-	+7.2%	-11.0%	+28.6%	-1.6%	-17.7%	+24.8%	-1.1%	+0.5%	+14.3%
EPS growth	-	+37.2%	-20.8%	-56.7%	-135%	-	-67.7%	+69.2%	+3.6%	+48.1%

Balance sheet

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash	261.0M	120.0M	268.0M	135.0M	172.0M	249.0M	119.0M	184.0M	310.0M	250.0M
Receivables	1.5B	1.7B	1.7B	2.1B	2.3B	1.6B	2.2B	2.3B	2.2B	2.5B
Inventory	1.5B	1.5B	1.4B	1.6B	1.6B	1.6B	1.5B	1.7B	1.8B	2.0B
Current assets	4.2B	4.3B	5.2B	6.1B	6.9B	7.3B	9.8B	25.4B	6.6B	8.1B
Property & equipment	50.0B	53.8B	54.6B	57.2B	57.8B	48.9B	52.3B	58.8B	68.9B	79.0B
Goodwill	6.4B	6.4B	4.9B	7.4B	4.2B	4.3B	4.1B	4.1B	4.1B	4.1B
Total assets	71.6B	76.6B	77.9B	103.8B	95.9B	99.6B	104.8B	109.1B	102.4B	115.9B
Accounts payable	1.0B	875.0M	914.0M	1.0B	944.0M	832.0M	1.2B	921.0M	1.1B	1.3B
Current liabilities	8.1B	9.6B	7.6B	9.9B	10.8B	8.7B	13.4B	24.5B	9.3B	10.4B
Total debt	35.3B	37.6B	35.1B	31.2B	36.8B	37.0B	40.9B	44.2B	41.8B	48.8B
Total liabilities	54.8B	57.2B	55.9B	69.8B	69.4B	70.7B	77.1B	81.5B	72.6B	82.4B
Shareholders' equity	14.6B	17.1B	20.1B	32.0B	26.1B	27.3B	27.7B	27.6B	26.9B	29.1B
Retained earnings	6.9B	7.9B	9.2B	7.6B	4.2B	5.4B	3.8B	2.2B	1.6B	2.3B

Cash flow

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	4.2B	4.5B	4.8B	5.2B	5.2B	4.0B	3.7B	6.6B	5.0B	5.4B
Capital spending	6.1B	5.5B	4.3B	5.0B	-	-	-	-	-	-
Free cash flow	-1.9B	-1.0B	519.0M	224.0M	-	-	-	-	-	-
Stock-based pay (added back)	33.0M	45.0M	48.0M	46.0M	64.0M	42.0M	36.0M	44.0M	53.0M	46.0M
Dividends paid	1.7B	1.9B	2.2B	3.0B	2.9B	2.0B	2.2B	2.2B	2.2B	2.3B
Buybacks	-	-	-	-	3.1B	-	-	-	-	-
Acquisitions	0	-	-	-	-	-	-	-	-	-
Debt raised	7.7B	3.9B	6.4B	4.4B	6.6B	6.4B	5.0B	3.3B	6.0B	8.9B
Debt repaid	1.6B	1.6B	5.7B	9.1B	2.9B	3.8B	1.4B	5.7B	2.7B	1.7B
Investing cash flow	-10.7B	-5.9B	-2.4B	-4.6B	-2.9B	-6.2B	-6.7B	-7.2B	-3.2B	-13.0B
Financing cash flow	6.2B	1.3B	-2.2B	-704.0M	-2.3B	2.4B	3.0B	595.0M	-1.8B	7.6B
Dividend per share	2.80	3.04	3.34	3.67	3.45	2.52	2.67	2.67	2.67	2.67

Stock-based pay and leases

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Stock-based pay (expense)	33.0M	45.0M	48.0M	46.0M	64.0M	42.0M	36.0M	44.0M	53.0M	46.0M
Stock-based pay / revenue	0.3%	0.4%	0.4%	0.3%	0.5%	0.4%	0.2%	0.3%	0.4%	0.3%
Operating lease cost	-	-	-	79.0M	68.0M	66.0M	53.0M	70.0M	81.0M	92.0M
Operating lease cash paid	-	-	-	111.0M	96.0M	103.0M	82.0M	105.0M	106.0M	117.0M
Finance lease principal paid	-	-	-	20.0M	33.0M	40.0M	32.0M	47.0M	50.0M	70.0M
Right-of-use assets	-	-	504.0M	462.0M	564.0M	506.0M	473.0M	578.0M	588.0M	639.0M
Operating lease liabilities	-	-	504.0M	478.0M	570.0M	508.0M	553.0M	664.0M	680.0M	736.0M
Finance lease liabilities	-	-	39.0M	134.0M	140.0M	148.0M	150.0M	262.0M	276.0M	555.0M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on D in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/D/export.csv") into a cell.