Is the business good?
How good a business is D?
Dominion Energy earns 4.5% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
4.5%
Return on invested capital · cost of capital 9.0% · 4.5 points below what the capital costs: growth destroys value
- Operating margin
- 26%
Operating margin · Utilities - Regulated Electric median 22% · 12 months to Q1 2026
- Share count, year on year
- +3.3%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 14% |
| FY2021 | 17% |
| FY2022 | 10% |
| FY2023 | 24% |
| FY2024 | 22% |
| FY2025 | 27% |
Details›
- Operating margin12 months to Q1 2026
- 26%
- Net margin12 months to Q1 2026
- 17%
- Revenue, trailing twelve months
- $17.4B
- Net income, trailing twelve months
- $2.95B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 4.5%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Utilities - Regulated Electric
Ranks #5 of 37 by Smart Score