Dominion Energy Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Dominion Energy Inc (D) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Dominion Energy Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 17,449M vs 969,106M combined for tracked competitors (1.8% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+15.1% annualized vs trailing 12 months), vs accelerating (+6.5%) for its tracked peer group.
- Growth: Dominion Energy Inc generated 23.1% revenue growth year over year in Q1 2026, vs 10.1% for its tracked competitors combined.
- Profitability: Its 15.6% net margin compares with 14.5% for the peer group.
- Scale: Dominion Energy Inc ranks #6 of 74 companies by market capitalization in the Electric Utilities industry, holding 3.9% of industry market cap.
- Peer revenue share: Dominion Energy Inc accounted for 1.9% of combined revenue among its tracked peer group, up from 1.7% a year earlier.
- Peer differentiation: Revenue per employee of $1.15M compares with $1.05M for the peer group (1.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
D Sales vs. its Competitors, Q1 2026
Dominion Energy Inc reported revenue growth of 23.14 % year on year in Q1 2026, above its competitors' combined revenue growth of 10.11 %.
With a net margin of 15.64 %, Dominion Energy Inc achieved higher profitability than its competitors (14.45 %).
Dominion Energy Inc generated 1.91 % of the combined sales of its peer group, up from 1.71 % a year earlier.
Dominion Energy Inc vs. its Competitors, Q1 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Dominion Energy Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Dominion Energy Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (10) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Dominion Energy Inc's competitor groups requires a Commercial License.
For context: the Electric Utilities industry grew revenue 13.3% year over year, combined, vs 23.1% for Dominion Energy Inc. Dominion Energy Inc's share of combined industry revenue moved from 0.98% to 1.07%, a gain of 0.09 percentage points.
Dominion Energy Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Dominion Energy Inc | Yes | Yes | Yes | No |
| Competitors combined (40) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
D Stock Performance relative to its Competitors
D Stock Performance relative to High-Confidence Competitors
D Stock Performance relative to Similar-Size Competitors
D Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Apa Corporation | 282.9% | Outperformed |
| 2 | Devon Energy Corp | 282.9% | Outperformed |
| 3 | Ha Sustainable Infrastructure Capital Inc | 282.9% | Outperformed |
| 4 | Eog Resources Inc | 282.9% | Outperformed |
| 5 | Oneok Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Dominion Energy Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Dominion Energy Inc's Comment on Competition and Industry Peers
There is no competition for electric distribution service within Virginia Power’s service territory in Virginia and North Carolina and no such competition is currently permitted. Additionally, there traditionally has been no competition for transmission service in the PJM region and Virginia Power’s electric transmission facilities are integrated into PJM. However, competition from non-incumbent PJM transmission owners for development, construction and ownership of certain transmission facilities in Virginia Power’s service territory is now permitted pursuant to FERC Order 1000, subject to state and local siting and permitting approvals. This could result in additional competition to build transmission lines in Virginia Power’s service area in the future and could allow Dominion to seek opportunities to build facilities in other service territories.
Virginia Power’s generation operations are not subject to significant
competition as only a limited number of its Virginia jurisdictional electric
utility customers have retail choice. See Regulation-State Regulations-Electric
for more information. Currently, North Carolina does not offer retail choice
to electric customers.
Dominion Generation Operating Segment—Dominion
Unlike Dominion Generation’s regulated generation fleet, its merchant
generation fleet is dependent on its ability to operate in a competitive environment
and does not have a predetermined rate structure that provides for a rate of
return on its capital investments. Competition for the merchant fleet is impacted
by electricity and fuel prices, new market entrants, construction by others
of generating assets and transmission capacity, technological advances in power
generation, the actions of environmental and other regulatory authorities and
other factors. These competitive factors may negatively impact the merchant
fleet’s ability to profit from the sale of electricity and related products
and services.
Dominion Generation’s merchant assets operate within functioning RTOs
and primarily compete on the basis of price.
Dominion Energy’s gas transmission operations compete with domestic and
Canadian pipeline companies. Dominion also competes with gas marketers seeking
to provide or arrange transportation, storage and other services. Alternative
energy sources, such as oil or coal, provide another level of competition. Although
competition is based primarily on price, the array of services that can be provided
to customers is also an important factor. The combination of capacity rights
held on certain long-line pipelines, a large storage capability and the availability
of numerous receipt and delivery points along its own pipeline system enable
Dominion to tailor its services to meet the needs of individual customers.
DTI’s extraction and fractionation operations face competition in obtaining
natural gas supplies for its processing and related services. Numerous factors
impact any given customer’s choice of processing services provider, including
the location of the facilities, efficiency and reliability of operations, and
the pricing arrangements offered.
Publicly Traded Peers of Dominion Energy Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Dominion Energy Inc | 53,039.23 | 17,449.00 |
| Constellation Energy Corporation | 95,112.72 | 29,867.00 |
| The Southern Company | 93,043.08 | 30,174.00 |
| Duke Energy Corporation | 88,369.76 | 33,166.00 |
| Williams companies inc | 83,802.25 | 12,204.00 |
| Eog Resources Inc | 73,938.33 | 27,026.00 |
| SUBTOTAL | 1,491,492.04 | 1,025,881.55 |
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Sources: Dominion Energy Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Dominion Energy Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Dominion Energy Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Cadeler A | Named by the company | 85% |
| Virginia Power | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Dominion Energy Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Dominion Energy Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Williams companies inc | Transmission And Gulf Of Mexico 44.10 % |
| Eog Resources Inc | United States of America 98.40 % |
| American Electric Power Co Inc | Vertically Integrated Utilities 57.14 % |
| Sea Limited | E Commerce Shopee 72.21 % |
| Occidental Petroleum Corporation | Oil and gas 95.12 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Dominion Energy Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Dominion Energy Inc | 53,039 | 1,147,961 | 206,513 |
| Constellation Energy Corporation | 95,113 | 1,947,128 | 247,539 |
| The Southern Company | 93,043 | 1,012,550 | 142,248 |
| Duke Energy Corporation | 88,370 | 1,254,340 | 198,328 |
| Williams companies inc | 83,802 | 2,038,417 | 541,841 |
| Eog Resources Inc | 73,938 | 7,948,824 | 2,022,353 |
| PEERS TOTAL | 1,438,453 | 1,049,785 | 184,944 |
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Dominion Energy Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Sea Limited | Southeast Asia excluding Singapore 62.69 % |
| Occidental Petroleum Corporation | Non-US 20.75 % |
| Broadridge Financial Solutions Inc | United States 85.26 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Dominion Energy Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 65 companies in Dominion Energy Inc's industry classification, broader than the peer set above. Market cap in millions of $.Dominion Energy Inc ranks #6 of 65 companies by market capitalization in its industry, holding 3.93 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 440, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Nextera Energy Inc | 157,223 | 11.66 % |
| 2 | Constellation Energy Corporation | 95,113 | 7.05 % |
| 3 | The Southern Company | 93,043 | 6.90 % |
| 4 | Duke Energy Corporation | 88,370 | 6.55 % |
| 5 | American Electric Power Co Inc | 1,234 | 5.2% |
| 6 | Dominion Energy Inc | 53,039 | 3.93 % |
| 7 | Sempra | 1,234 | 5.2% |
| 8 | Vistra Corp | 1,234 | 5.2% |
| 9 | Entergy Corporation | 1,234 | 5.2% |
| 10 | Xcel Energy Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Dominion Energy Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-29.
Dominion Energy Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Nextera Energy Inc | 157,223 | -0.94 % |
| 2 | Constellation Energy Corporation | 95,113 | -18.89 % |
| 3 | The Southern Company | 93,043 | -12.74 % |
| 4 | Duke Energy Corporation | 88,370 | -7.79 % |
| 5 | American Electric Power Co Inc | 1,234 | 12.3% |
| 6 | Dominion Energy Inc | 53,039 | -0.11 % |
| 7 | Sempra | 1,234 | 12.3% |
| 8 | Vistra Corp | 1,234 | 12.3% |
| 9 | Entergy Corporation | 1,234 | 12.3% |
| 10 | Xcel Energy Inc | 1,234 | 12.3% |
| 11 | Exelon Corporation | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Dominion Energy Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-29. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Dominion Energy Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Electric Utilities industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (83 companies). See the full Electric Utilities industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 79.17 % | 58.29 % (avg) | +20.9 pp |
| Operating Margin | 26.27 % | industry median | +5.8 pp |
| EBITDA Margin | 26.81 % | 27.06 % (avg) | -0.2 pp |
| Capital Intensity (Capex / Revenue) | 58.13 % | 34.89 % (avg) | +23.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Dominion Energy Inc's Valuation vs Competitive Position
Valuation multiples vs the Electric Utilities industry average (83 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Electric Utilities industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 18.5x | 24.9x | -6.4x |
| EV / EBITDA | 26.7x | 16.1x | +10.6x |
| P/B | 1.7x | 2.1x | -0.4x |
| Return on Equity | 9.68 % | industry aggregate | -1.15 % |
| Return on Invested Capital | 2.47 % | 2.48 % (avg) | -0.01 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Dominion Energy Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 6.20 % | 23.99 % | -14.48 % | -1.47 % | 22.99 % | -16.19 % | -11.78 % | 14.16 % |
| Operating Margin | 26.94 % | 15.17 % | 14.50 % | 21.62 % | 9.29 % | 23.72 % | 22.46 % | 26.74 % |
| Return on Invested Capital | 3.72 % | 1.94 % | 1.28 % | 1.95 % | 0.98 % | 2.16 % | 2.03 % | 2.44 % |
| P/E | 19.4x | 55.1x | 156.9x | 19.0x | 54.6x | 20.3x | 23.7x | 17.3x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Dominion Energy Inc's Strategic Group Map
Every company in Dominion Energy Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Dominion Energy Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Dominion Energy Inc's BCG Growth-Share Matrix
Relative market share (vs Dominion Energy Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Dominion Energy Inc falls in the Dog quadrant: relative market share of 0.34x vs its largest competitor, in an industry growing revenue 8.9% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Dominion Energy Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 440 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 58.13 % vs industry average 34.89 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Dominion Energy Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Dominion Energy Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Dominion Energy Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Dominion Energy Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Dominion Energy Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 5.8 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+15.1% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.34x).
Opportunities
No rule matched.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Dominion Energy Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Dominion Energy Inc | 0.05 | 0.76 | 2.00 |
| Constellation Energy Corporation | 0.32 | 1.46 | 0.63 |
| The Southern Company | 0.11 | 0.70 | 1.86 |
| Duke Energy Corporation | 0.04 | 0.62 | 1.66 |
| Williams companies inc | - | 0.54 | 1.94 |
| Eog Resources Inc | 0.78 | 1.71 | 0.26 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Dominion Energy Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Dominion Energy Inc | Q1 2026 | +23.1 % | +18.0 % |
| Constellation Energy Corporation | Q1 2026 | +63.8 % | +1,142.6 % |
| The Southern Company | Q1 2026 | +8.0 % | +0.3 % |
| Duke Energy Corporation | Q1 2026 | +11.3 % | +12.3 % |
| Williams companies inc | Q2 2026 | +9.8 % | +50.3 % |
| Eog Resources Inc | Q2 2026 | +57.4 % | +102.5 % |
| PEERS TOTAL | +15.9 % | +70.6 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Dominion Energy Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Dominion Energy Inc | Q1 2026 | +9.7 % | -7.1 % |
| Constellation Energy Corporation | Q1 2026 | +15.2 % | +58.2 % |
| The Southern Company | Q1 2026 | +2.1 % | +20.8 % |
| Duke Energy Corporation | Q1 2026 | +16.9 % | +29.9 % |
| Williams companies inc | Q2 2026 | - | +88.7 % |
| Eog Resources Inc | Q2 2026 | - | -0.6 % |
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Dominion Energy Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Dominion Energy Inc | 2.77% | 2.12% | 9.68% |
| Constellation Energy Corporation | 5.77% | 5.64% | 19.68% |
| The Southern Company | 2.76% | 2.74% | 10.98% |
| Duke Energy Corporation | 2.70% | 3.54% | 9.79% |
| Williams companies inc | 5.53% | 6.55% | 21.49% |
| Eog Resources Inc | 12.96% | 16.78% | 22.38% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Dominion Energy Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Dominion Energy Inc | 17.78 | 3.04 |
| Constellation Energy Corporation | 23.34 | 3.18 |
| The Southern Company | 21.10 | 3.08 |
| Duke Energy Corporation | 17.38 | 2.66 |
| Williams companies inc | 27.25 | 6.87 |
| Eog Resources Inc | 10.89 | 2.74 |
| PEERS AVERAGE | 8.25 | 1.45 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.