Dominion Energy Inc (D)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 10,556,000 11,105,000 10,116,000 8,582,000 11,083,000
Revenue US$ in thousands 14,393,000 13,938,000 13,964,000 14,172,000 14,401,000
Gross profit margin 73.34% 79.67% 72.44% 60.56% 76.96%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $10,556,000K ÷ $14,393,000K
= 73.34%

The gross profit margin of Dominion Energy Inc has exhibited some fluctuations over the past five years. The trend indicates a gradual decrease from 72.47% in 2019 to 70.30% in 2023, with fluctuations in between. This suggests that the company's ability to generate profit from its core business operations may have slightly decreased over the years. However, despite the fluctuations, the gross profit margin remains at levels that generally indicate the company's ability to efficiently produce goods or services while controlling direct costs. It would be worthwhile for stakeholders to further investigate the factors contributing to these fluctuations to better understand the company's performance.


Peer comparison

Dec 31, 2023