Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $14,172 | $13,964 | $17,174 | $14,393 | $14,459 |
| Gross Profit | $2,055 | $3,019 | $1,596 | $3,414 | $3,247 |
| Operating Income | $2,055 | $3,019 | $1,596 | $3,414 | $3,247 |
| Net Income | -$401 | $3,288 | $994 | $1,994 | $2,124 |
Over the five-year period, Dominion Energy’s financial performance has shown notable fluctuations. In 2020, the company posted revenues of USD 14,172 million with a gross profit and operating income of USD 2,055 million; however, it incurred a net loss of USD 401 million. This performance shifted dramatically in 2021 as revenues remained steady near USD 13,964 million while gross profit and operating income jumped to USD 3,019 million, and net income soared to USD 3,288 million—a stark recovery that points to improved margin management or cost restructuring. However, in 2022, although revenue increased to USD 17,174 million (a growth of about 23% from 2021), gross profit and operating income fell sharply to USD 1,596 million, with net income declining to USD 994 million. Such a swing (>20% drop in margin metrics) suggests that rising costs or compression in operating margins may have negated the benefits of higher sales. In 2023 and 2024, the company appears to have stabilized recovery fundamentals. Revenue dipped back to approximately USD 14,393 million in 2023 and held relatively steady at USD 14,459 million in 2024, while gross profit and operating income rebounded to USD 3,414 million in 2023 before slightly easing to USD 3,247 million in 2024. Concurrently, net income improved to USD 1,994 million in 2023 and further to USD 2,124 million in 2024. Given the cyclical nature of the utility industry and increasing regulatory pressures, these trends indicate an overall positive recovery in profitability and operating efficiency despite volatile revenue and margin performance. Dominion Energy’s financial health appears sustainable if it continues to manage cost pressures and operational risks effectively in its competitive and regulated market environment.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.