Dominion Energy Inc Financials
This page shows Dominion Energy Inc (D) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Dominion’s earnings engine is improving, but its capital-heavy build cycle still relies on debt and refinancing more than internal cash.
From FY2023 to FY2025, operating income rose from$3.4B to$4.4B , but operating cash flow did not keep pace because the business was simultaneously absorbing a much larger investment program. With investing cash outflow reaching$13.0B in FY2025 and financing cash flow flipping to a$7.6B source, the cleaner earnings picture still needed outside capital to fund the asset base.
The balance sheet reads like a funded utility model: long-term debt reached
Liquidity is managed, not cash-rich. Cash was only
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Dominion Energy Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Dominion Energy Inc has an operating margin of 26.7%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 77/100, reflecting efficient cost management and pricing power. This is up from 22.5% the prior year.
Dominion Energy Inc's revenue grew 14.2% year-over-year to $16.5B, a solid pace of expansion. This earns a growth score of 45/100.
Dominion Energy Inc carries a low D/E ratio of 1.59, meaning only $1.59 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 70/100, indicating a strong balance sheet with room for future borrowing.
Dominion Energy Inc's current ratio of 0.77 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Dominion Energy Inc's ROE of 10.3% shows moderate profitability relative to equity, earning a score of 31/100. This is up from 7.6% the prior year.
Dominion Energy Inc scores 0.70, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($59.4B) relative to total liabilities ($82.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Dominion Energy Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Dominion Energy Inc generates $1.79 in operating cash flow ($5.4B OCF vs $3.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Dominion Energy Inc earns $2.2 in operating income for every $1 of interest expense ($4.4B vs $2.0B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Dominion Energy Inc generated $16.5B in revenue in fiscal year 2025. This represents an increase of 14.2% from the prior year.
Dominion Energy Inc's EBITDA was $6.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.6% from the prior year.
Dominion Energy Inc reported $3.0B in net income in fiscal year 2025. This represents an increase of 47.4% from the prior year.
Dominion Energy Inc earned $3.45 per diluted share (EPS) in fiscal year 2025. This represents an increase of 48.1% from the prior year.
Cash & Balance Sheet
Dominion Energy Inc held $250.0M in cash against $46.3B in long-term debt as of fiscal year 2025.
Dominion Energy Inc paid $2.67 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Dominion Energy Inc had 879M shares outstanding in fiscal year 2025. This represents an increase of 3.2% from the prior year.
Margins & Returns
Dominion Energy Inc's operating margin was 26.7% in fiscal year 2025, reflecting core business profitability. This is up 4.3 percentage points from the prior year.
Dominion Energy Inc's net profit margin was 18.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.1 percentage points from the prior year.
Dominion Energy Inc's ROE was 10.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.7 percentage points from the prior year.
Capital Allocation
D Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0B+22.6% | $4.1B-9.6% | $4.5B+18.8% | $3.8B-6.5% | $4.1B+19.9% | $3.4B-13.7% | $3.9B+13.1% | $3.5B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $1.4B+84.1% | $756.0M-43.5% | $1.3B+22.2% | $1.1B-10.4% | $1.2B+212.8% | $391.0M-67.9% | $1.2B+51.3% | $805.0M |
| Interest Expense | $561.0M | N/A | $527.0M+4.4% | $505.0M+5.0% | $481.0M | N/A | $404.0M-14.0% | $470.0M |
| Income Tax | $48.0M | N/A | $216.0M-1.8% | $220.0M+450.0% | $40.0M | N/A | $213.0M+90.2% | $112.0M |
| Net Income | $621.0M+9.5% | $567.0M-43.6% | $1.0B+32.4% | $760.0M+14.3% | $665.0M+396.3% | $134.0M-85.7% | $934.0M+65.9% | $563.0M |
| EPS (Diluted) | $0.69+6.2% | $0.65-44.0% | $1.16+31.8% | $0.88+14.3% | $0.77+450.0% | $0.14-87.2% | $1.09+70.3% | $0.64 |
D Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $118.6B+2.3% | $115.9B+3.8% | $111.6B+3.9% | $107.4B+2.8% | $104.6B+2.1% | $102.4B+2.6% | $99.8B-0.6% | $100.4B |
| Current Assets | $9.0B+11.5% | $8.1B-1.8% | $8.2B+18.2% | $7.0B+8.6% | $6.4B-3.1% | $6.6B-17.2% | $8.0B-25.7% | $10.8B |
| Cash & Equivalents | $351.0M+40.4% | $250.0M-73.2% | $932.0M+170.9% | $344.0M-3.1% | $355.0M+14.5% | $310.0M-82.5% | $1.8B+1177.7% | $139.0M |
| Inventory | $1.9B-0.8% | $2.0B+3.3% | $1.9B+3.7% | $1.8B+3.5% | $1.8B+0.1% | $1.8B+2.7% | $1.7B-2.3% | $1.8B |
| Accounts Receivable | $2.4B-5.6% | $2.5B+10.8% | $2.3B-0.4% | $2.3B+12.2% | $2.0B-5.7% | $2.2B+4.2% | $2.1B-7.7% | $2.3B |
| Goodwill | $4.1B0.0% | $4.1B0.0% | $4.1B0.0% | $4.1B0.0% | $4.1B0.0% | $4.1B0.0% | $4.1B0.0% | $4.1B |
| Total Liabilities | $84.9B+2.9% | $82.4B+3.2% | $79.9B+4.3% | $76.6B+3.7% | $73.8B+1.7% | $72.6B+0.4% | $72.3B-1.4% | $73.3B |
| Current Liabilities | $11.6B+10.8% | $10.4B+7.3% | $9.7B-6.9% | $10.4B+19.0% | $8.8B-5.5% | $9.3B-14.2% | $10.8B-5.9% | $11.5B |
| Long-Term Debt | $45.1B-2.6% | $46.3B+7.0% | $43.3B+7.4% | $40.3B+0.9% | $39.9B+1.6% | $39.3B+6.0% | $37.1B+1.3% | $36.6B |
| Total Equity | $29.1B+0.2% | $29.1B+5.0% | $27.7B+1.7% | $27.2B-0.5% | $27.4B+1.9% | $26.9B-2.4% | $27.5B+1.7% | $27.1B |
| Retained Earnings | $2.3B+1.0% | $2.3B-0.6% | $2.3B+22.4% | $1.9B-9.3% | $2.1B+28.1% | $1.6B-58.8% | $4.0B+10.5% | $3.6B |
D Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $882.0M-10.6% | $987.0M-49.3% | $1.9B+56.1% | $1.2B+5.3% | $1.2B+84.6% | $641.0M-58.3% | $1.5B+79.8% | $856.0M |
| Capital Expenditures | $2.5B | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$1.6B | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$3.1B+10.5% | -$3.5B-11.3% | -$3.1B+1.0% | -$3.1B+2.8% | -$3.2B+6.8% | -$3.5B-235.8% | -$1.0B-1715.8% | -$57.0M |
| Financing Cash Flow | $2.4B+34.5% | $1.8B-3.6% | $1.8B-0.7% | $1.8B-15.2% | $2.2B+66.9% | $1.3B+9.0% | $1.2B+228.3% | -$928.0M |
| Dividends Paid | $587.0M+3.0% | $570.0M0.0% | $570.0M+0.2% | $569.0M0.0% | $569.0M+1.4% | $561.0M+0.4% | $559.0M-0.2% | $560.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
D Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 27.7%+9.3pp | 18.5%-11.1pp | 29.6%+0.8pp | 28.8%-1.2pp | 30.0%+18.5pp | 11.5%-19.4pp | 30.9%+7.8pp | 23.1% |
| Net Margin | 12.4%-1.5pp | 13.9%-8.4pp | 22.2%+2.3pp | 20.0%+3.6pp | 16.3%+12.4pp | 3.9%-19.8pp | 23.7%+7.5pp | 16.2% |
| Return on Equity | 2.1%+0.2pp | 1.9%-1.7pp | 3.6%+0.8pp | 2.8%+0.4pp | 2.4%+1.9pp | 0.5%-2.9pp | 3.4%+1.3pp | 2.1% |
| Return on Assets | 0.5%+0.0pp | 0.5%-0.4pp | 0.9%+0.2pp | 0.7%+0.1pp | 0.6%+0.5pp | 0.1%-0.8pp | 0.9%+0.4pp | 0.6% |
| Current Ratio | 0.780.0 | 0.77-0.1 | 0.84+0.2 | 0.67-0.1 | 0.73+0.0 | 0.71-0.0 | 0.74-0.2 | 0.93 |
| Debt-to-Equity | 1.55-0.0 | 1.59+0.0 | 1.56+0.1 | 1.48+0.0 | 1.460.0 | 1.46+0.1 | 1.350.0 | 1.35 |
| FCF Margin | -31.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.77), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Dominion Energy Inc's annual revenue?
Dominion Energy Inc (D) reported $16.5B in total revenue for fiscal year 2025. This represents a 14.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dominion Energy Inc's revenue growing?
Dominion Energy Inc (D) revenue grew by 14.2% year-over-year, from $14.5B to $16.5B in fiscal year 2025.
Is Dominion Energy Inc profitable?
Yes, Dominion Energy Inc (D) reported a net income of $3.0B in fiscal year 2025, with a net profit margin of 18.2%.
What is Dominion Energy Inc's EBITDA?
Dominion Energy Inc (D) had EBITDA of $6.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Dominion Energy Inc have?
As of fiscal year 2025, Dominion Energy Inc (D) had $250.0M in cash and equivalents against $46.3B in long-term debt.
What is Dominion Energy Inc's operating margin?
Dominion Energy Inc (D) had an operating margin of 26.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Dominion Energy Inc's net profit margin?
Dominion Energy Inc (D) had a net profit margin of 18.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Dominion Energy Inc pay dividends?
Yes, Dominion Energy Inc (D) paid $2.67 per share in dividends during fiscal year 2025.
What is Dominion Energy Inc's return on equity (ROE)?
Dominion Energy Inc (D) has a return on equity of 10.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dominion Energy Inc's operating cash flow?
Dominion Energy Inc (D) generated $5.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dominion Energy Inc's total assets?
Dominion Energy Inc (D) had $115.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Dominion Energy Inc's current ratio?
Dominion Energy Inc (D) had a current ratio of 0.77 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Dominion Energy Inc's debt-to-equity ratio?
Dominion Energy Inc (D) had a debt-to-equity ratio of 1.59 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dominion Energy Inc's return on assets (ROA)?
Dominion Energy Inc (D) had a return on assets of 2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dominion Energy Inc's Altman Z-Score?
Dominion Energy Inc (D) has an Altman Z-Score of 0.70, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Dominion Energy Inc's Piotroski F-Score?
Dominion Energy Inc (D) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dominion Energy Inc's earnings high quality?
Dominion Energy Inc (D) has an earnings quality ratio of 1.79x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Dominion Energy Inc cover its interest payments?
Dominion Energy Inc (D) has an interest coverage ratio of 2.2x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Dominion Energy Inc?
Dominion Energy Inc (D) scores 39 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.