Dominion Energy
D · Multi-Utilities
$65.20
0.3%PG&E
PCG · Multi-Utilities
$12.63
2.7%The short version
- PG&E is the larger business, with $24.9B of revenue in fiscal 2025 against $16.5B for Dominion Energy, about 1.5 times as much.
- Dominion Energy grew revenue faster (14.2%, against 2.1%).
- Dominion Energy kept more of each dollar of sales as operating profit (26.7% operating margin, against 19.1% operating margin).
- PG&E turned more of its sales into free cash flow (−12.3% FCF margin, against −44.2% FCF margin).
- Investors pay more for each dollar of Dominion Energy’s earnings: a P/E of 19.3x against 9.2x for PG&E.
| Latest fiscal year | D · FY25 | PCG · FY25 |
|---|---|---|
| Size | ||
| Market cap | $57.4B | $28.9B |
| Revenue | $16.5B | $24.9B |
| Free cash flow | −$7.3B | −$3.1B |
| Net income | $3.0B | $2.7B |
| Growth | ||
| Revenue growth | 14.2% | 2.1% |
| 5-year growth | 3.1% | 6.2% |
| Share count change | 1.9% | 2.6% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 26.7% | 19.1% |
| Net margin | 18.2% | 10.8% |
| FCF margin | −44.2% | −12.3% |
| Return on capital | 4.9% | 5.4% |
| Return on equity | 10.7% | 8.6% |
| Balance sheet | ||
| Net debt | $49.1B | $59.4B |
| Net debt / EBITDA | 7.2x | — |
| Dividends and buybacks | $2.3B | $0.0M |
| Valuation & quality | ||
| P/E | 19.3x | 9.2x |
| Piotroski F-score | 6 | 4 |
FY16
D $11.7B
PCG $17.7B
FY17
D $12.6B
PCG $17.1B
FY18
D $11.2B
PCG $16.8B
FY19
D $14.4B
PCG $17.1B
FY20
D $14.2B
PCG $18.5B
FY21
D $11.4B
PCG $20.6B
FY22
D $13.9B
PCG $21.7B
FY23
D $14.4B
PCG $24.4B
FY24
D $14.5B
PCG $24.4B
FY25
D $16.5B
PCG $24.9B
D
PCG
FY16
D 29.4%
PCG 11.8%
FY17
D 31.3%
PCG 17.0%
FY18
D 26.9%
PCG −57.9%
FY19
D 10.7%
PCG −58.9%
FY20
D 14.5%
PCG 9.5%
FY21
D 17.5%
PCG 9.1%
FY22
D 10.4%
PCG 8.5%
FY23
D 23.7%
PCG 10.9%
FY24
D 22.5%
PCG 18.3%
FY25
D 26.7%
PCG 19.1%
D
PCG
FY16
D −$2.0B
PCG −$1.3B
FY17
D −$1.4B
PCG $336M
FY18
D $368M
PCG −$1.8B
FY19
D −$117M
PCG −$1.5B
FY20
D −$1.1B
PCG −$26.8B
FY21
D −$2.0B
PCG −$5.4B
FY22
D −$4.1B
PCG −$5.9B
FY23
D −$3.7B
PCG −$5.0B
FY24
D −$7.4B
PCG −$2.3B
FY25
D −$7.3B
PCG −$3.1B
D
PCG
FY16
D 5.7%
PCG 7.5%
FY17
D 7.2%
PCG 11.1%
FY18
D 4.2%
PCG −20.3%
FY19
D 1.8%
PCG −27.0%
FY20
D 2.9%
PCG 4.2%
FY21
D 3.1%
PCG 1.5%
FY22
D 1.7%
PCG 2.7%
FY23
D 3.6%
PCG 3.5%
FY24
D 3.7%
PCG 5.4%
FY25
D 4.9%
PCG 5.4%
D
PCG
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.