Dominion Energy vs Xcel Energy
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put Dominion Energy and Xcel Energy side by side, using each one’s latest annual report. Here is what stands out:
- Dominion Energy is the larger business, with $16.5B of revenue in fiscal 2025 against $14.7B for Xcel Energy.
- Dominion Energy grew revenue faster (14.2%, against 9.1%).
- Dominion Energy kept more of each dollar of sales as operating profit (26.7% operating margin, against 17.6%).
- Dominion Energy turned more of its sales into free cash flow (−44.2% FCF margin, against −46.5%).
- Investors pay more for each dollar of Xcel Energy’s earnings: a P/E of 21.3x against 19.3x for Dominion Energy.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Dominion Energy
D
7/10
Revenue growthOperating marginNet marginFCF marginReturn on equityPiotroski F-scoreShare count change
Xcel Energy
XEL
3/10
5-year growthReturn on capitalNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | D FY25 | XEL FY25 |
|---|---|---|
| Size | ||
| Market cap | $57.3B | $48.8B |
| Revenue | $16.5B | $14.7B |
| Free cash flow | −$7.3B | −$6.8B |
| Net income | $3.0B | $2.0B |
| Growth | ||
| Revenue growth | 14.2% | 9.1% |
| 5-year growth | 3.1% | 4.9% |
| Share count change | 1.9% | 4.6% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 26.7% | 17.6% |
| Net margin | 18.2% | 13.8% |
| FCF margin | −44.2% | −46.5% |
| Return on capital | 4.9% | 4.9% |
| Return on equity | 10.7% | 9.4% |
| Balance sheet | ||
| Net debt | $49.1B | $34.4B |
| Net debt / EBITDA | 7.2x | 6.2x |
| Dividends and buybacks | $2.3B | $1.3B |
| Valuation & quality | ||
| P/E | 19.3x | 21.3x |
| Piotroski F-score | 6 | 4 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.