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Dominion Energy, Inc.(D)

F

Financial data as of Dec 31, 2025Improving · Utilities

FCF Margin-44.1%Free Cash Flow / Revenue
Cash Conversion178.8%Operating CF / Net Income
Free Cash Flow-$7.3B
Revenue$16.5B
Net Cash-$48.7BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.77Tight short-term liquidity
YoY FCF Growth+15.5%0 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Current ratio below 1.0 (0.77)
→
-1Negative FCF in 4 of last 4 quarters
→
+1Strong YoY FCF growth (15.5% YoY)
→
-1Only 0 positive quarters recently
→
+0.5Highly consistent quarterly FCF
→
FinalF

Analysis Summary

Strengths

  • Excellent cash conversion (179%)
  • Highly consistent quarterly FCF
  • FCF trend is improving

Concerns

  • Negative FCF margin (-44.1%)
  • Net debt position ($48.7B)
  • Current ratio below 1.0 — tight short-term liquidity
  • Only 0 positive FCF quarters recently
Heavy CapEx — Operating cash flow is strong (32% margin) but most is reinvested

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-44.1%
Net Margin18.2%
Operating CF Margin32.5%
CapEx Ratio76.6%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$48.7BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.77Tight liquidity
Debt / Equity1.74Moderate leverage

Quarterly FCF Trend

+15.5% YoYImproving (+15.5%)

Free cash flow per quarter

Sector Comparison — Utilities

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameDominion Energy, Inc.
SectorUtilities
Free Cash Flow-$7.3B
Revenue$16.5B
Net Income$3.0B
Operating Cash Flow$5.4B
Capital Expenditure$12.6B
FCF Margin-44.1%
Cash Conversion Rate178.8%
Net Margin18.2%
Total Debt$48.9B
Total Cash$250.0M
Net Cash-$48.7B
Current Ratio0.77
Debt / Equity1.74
Debt / FCFN/A
YoY FCF Growth+15.5%
Positive Quarters0 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeF
Data SourceYahoo Finance

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