Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Dominion Energy

D stock analysis · Utilities · Multi-Utilities

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$68.29HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$60.1B

Price × SEC outstanding shares. Shares measured 2026-04-24. Approximate; share and price dates can differ.

View share-count filing ↗
Cash-flow proxy: excluded reinvestment

The issuer reports nuclear fuel together with plant/property construction spending. This consolidated cash-flow proxy excludes separately reported solar-project acquisitions and equity-method investments; nuclear-fuel spending is not separable within this consolidated line. Minority-owned operations remain included. Read the cash-flow statement ↗

Valuation

DCF value

Requires positive annual FCF, usable shares and discount rate above terminal growth.

Requires positive annual FCF, usable shares and discount rate above terminal growth.

How this is calculated ↗
Valuation

Reverse DCF

No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

How this is calculated ↗
Valuation

Relative valuation

11.7%

11 industry peers · median 22.6×

How this is calculated ↗
Valuation

Historical multiples

29.3×

7 annual observations · snapshot P/E 20.2× · -30.9% versus history

How this is calculated ↗
Valuation

Free cash flow yield

-12.1%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

4.6%

Normalized tax · financing-capital proxy

How this is calculated ↗
Valuation

Value composite

49/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

13.1%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-2.1%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

5.8%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 12.6B2020-12-31: cfo $5,227,000,000.0020202021-12-31: cfo $4,037,000,000.0020212022-12-31: cfo $3,700,000,000.0020222023-12-31: cfo $6,572,000,000.002023-12-31: capex $10,211,000,000.0020232024-12-31: cfo $5,018,000,000.002024-12-31: capex $12,198,000,000.0020242025-12-31: cfo $5,361,000,000.002025-12-31: capex $12,641,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%
10.0%
12.0%

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3116.5B3.1B5.4B12.6B115.9B
2024-12-3114.2B2B5B12.2B102.4B
2023-12-3113.5B2B6.6B10.2B109.1B
2022-12-3114.6B1.2B3.7B104.8B
2021-12-3111.7B3.4B4B99.6B
2020-12-3113.8B-550M5.2B95.9B
2019-12-3113.7B1.4B5.2B5B103.8B
2018-12-3110.9B2.5B4.8B4.3B77.9B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue16.5BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-23
netIncome3.1BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-23
Parent/common earnings proxy3BNetIncomeLossAvailableToCommonStockholdersBasic2026-02-23
cfo5.4BNetCashProvidedByUsedInOperatingActivities2026-02-23
capex12.6BReviewed manual correction
Dominion Energy consolidated cash-flow statement reports plant construction and other property additions INCLUDING nuclear fuel. The separate Virginia Electric and Power subsidiary statement is not substituted. Separately reported solar-development-project acquisitions, securities and equity-method investments are excluded.
2026-02-23
operatingIncome4.4BOperatingIncomeLoss2026-02-23
assets115.9BAssets2026-02-23
equity33.4BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-23
Parent book equity proxy29.1BStockholdersEquity2026-02-23
debt46.3BLongTermDebt2026-02-23
shortDebt2.5BShortTermBorrowings2026-02-23
cash250MCashAndCashEquivalentsAtCarryingValue2026-02-23
shares855.3MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-23
dividends2.3BPaymentsOfDividendsCommonStock2026-02-23
buybacksNot reported under a supported tag
issuance1.5BProceedsFromIssuanceOfCommonStock2026-02-23