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 revenue has shown moderate fluctuations. In 2020, revenue was reported at 14,172 million USD, falling slightly to 13,964 million USD in 2021 before spiking by nearly 23% to 17,174 million USD in 2022. This jump in 2022 might be reflective of favorable market conditions or increased demand in the energy sector, although the levels normalized to around 14,400 million USD in 2023 and 2024. Such variability in revenue may be influenced by cyclical industry factors, including energy pricing and capacity utilization, which are common within the utility sector. Similarly, both gross profit and operating income—which mirror each other in this dataset—display pronounced swings. Notably, gross profit increased from 2,055 million USD in 2020 to 3,019 million USD in 2021, but then dropped sharply to 1,596 million USD in 2022, marking a significant decline of over 40% year-over-year. This indicates potential pressure on margins, perhaps due to rising costs or changes in the cost structure. In contrast, 2023 and 2024 saw a recovery, with gross profit climbing to 3,414 million USD and 3,247 million USD, respectively. Net income experienced an even more dramatic evolution: from a loss of 401 million USD in 2020 to a robust 3,288 million USD in 2021, then dipping to 994 million USD in 2022 before rising steadily in 2023 (1,994 million USD) and 2024 (2,124 million USD). Overall, while the income statement reveals volatility—a characteristic inherent in the utility and energy sector—the recovery trends in profitability from 2022 onward suggest that Dominion Energy is effectively navigating operational challenges and market cycles, thereby maintaining a resilient financial position.
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.