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Dominion Energy Inc Financials

D
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

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).

Rhea AI D FY2025

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 $46.3B in FY2025 while debt-to-equity moved up to 1.6x, so expansion has been financed more through borrowings than through retained profits. That matters because equity improved, yet leverage still climbed, which means growth is adding obligations as well as assets.

Liquidity is managed, not cash-rich. Cash was only $250M against current liabilities of $10.4B, and the current ratio stayed below 1.0x in FY2025, implying routine operations depend on steady collections, rollovers, and capital-market access rather than a large balance-sheet cushion.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 36 / 100
Financial Health Score 36/100
Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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.

Profitability
61
Growth
67
Leverage
10
Liquidity
47
Returns
31
Altman Z-Score Distress
0.72

Dominion Energy Inc scores 0.72, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($61.6B) relative to total liabilities ($82.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
6/8

Dominion Energy Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.79x

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.

Interest Coverage Adequate
2.2x

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

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Earnings & Revenue

Revenue
$16.5B
YoY+14.2%
5Y CAGR+6.7%
10Y CAGR+3.5%

Dominion Energy Inc generated $16.5B in revenue in fiscal year 2025. This represents an increase of 14.2% from the prior year.

EBITDA
$6.8B
YoY+21.6%
5Y CAGR+14.9%
10Y CAGR+3.5%

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.

Net Income
$3.0B
YoY+47.4%
10Y CAGR+4.7%

Dominion Energy Inc reported $3.0B in net income in fiscal year 2025. This represents an increase of 47.4% from the prior year.

EPS (Diluted)
$3.45
YoY+48.1%
10Y CAGR+0.8%

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

Free Cash Flow
N/A
Cash & Debt
$250.0M
YoY-19.4%
5Y CAGR+7.8%
10Y CAGR-8.5%

Dominion Energy Inc held $250.0M in cash against $46.3B in long-term debt as of fiscal year 2025.

Dividends Per Share
$2.67
YoY+0.0%
5Y CAGR-5.0%
10Y CAGR+0.3%

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.

Shares Outstanding
879M
YoY+3.2%
5Y CAGR+1.8%
10Y CAGR+4.0%

Dominion Energy Inc had 879M shares outstanding in fiscal year 2025. This represents an increase of 3.2% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
26.7%
YoY+4.3pp
5Y CAGR+15.0pp
10Y CAGR-2.5pp

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.

Net Margin
18.2%
YoY+4.1pp
5Y CAGR+21.5pp
10Y CAGR+1.9pp

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.

Return on Equity
10.3%
YoY+2.7pp
5Y CAGR+11.8pp
10Y CAGR-4.7pp

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

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

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

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.

Dominion Energy Inc (D) revenue grew by 14.2% year-over-year, from $14.5B to $16.5B in fiscal year 2025.

Yes, Dominion Energy Inc (D) reported a net income of $3.0B in fiscal year 2025, with a net profit margin of 18.2%.

Dominion Energy Inc (D) reported diluted earnings per share of $3.45 for fiscal year 2025. This represents a 48.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Dominion Energy Inc (D) had EBITDA of $6.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Dominion Energy Inc (D) had $250.0M in cash and equivalents against $46.3B in long-term debt.

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.

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.

Yes, Dominion Energy Inc (D) paid $2.67 per share in dividends during fiscal year 2025.

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.

Dominion Energy Inc (D) generated $5.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Dominion Energy Inc (D) had $115.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Dominion Energy Inc (D) had 879M shares outstanding as of fiscal year 2025.

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.

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.

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.

Dominion Energy Inc (D) has an Altman Z-Score of 0.72, 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.

Dominion Energy Inc (D) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.

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.

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.

Dominion Energy Inc (D) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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