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

Dominion Energy

D stock analysis · Utilities · Multi-Utilities

FY 2025-12-31ANNUAL FILINGS
Compare ⇄
ⓘ 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
2022-12-3114.6B1.2B3.7B—104.8B
2021-12-3111.7B3.4B4B—99.6B
2020-12-3113.8B-550M5.2B—95.9B
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
buybacks—Not reported under a supported tag—
issuance1.5BProceedsFromIssuanceOfCommonStock2026-02-23