Dominion Energy Inc (D)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,994,000	1,321,000	3,288,000	-401,000	1,358,000
Revenue	US$ in thousands	14,393,000	13,938,000	13,964,000	14,172,000	14,401,000
Net profit margin		13.85%	9.48%	23.55%	-2.83%	9.43%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,994,000K ÷ $14,393,000K
= 13.85%

Dominion Energy Inc's net profit margin has displayed fluctuations over the past five years. In 2023, the net profit margin improved significantly to 14.42%, reflecting a strong profitability performance compared to the previous year. The sharp increase suggests that the company effectively managed its expenses and operating costs relative to its revenue.

In 2022, the net profit margin was relatively lower at 5.19%, indicating a weaker performance in terms of generating profits compared to the following year. This may have been influenced by various factors such as higher operating expenses or lower revenue during that period.

The year 2021 saw a notable increase in the net profit margin to 18.47%, signaling a robust financial performance for Dominion Energy Inc. The company was able to significantly increase its profitability compared to the prior year through effective cost management and revenue generation.

In 2020, Dominion Energy Inc reported a negative net profit margin of -3.29%, indicating a loss for the year. This could be attributed to extraordinary expenses, write-downs, or other one-time events that impacted the company's bottom line negatively.

Lastly, in 2019, the net profit margin was 8.09%, reflecting a moderate level of profitability for Dominion Energy Inc. While not as high as in 2021, the company was still able to generate a reasonable profit margin relative to its revenue during that period.

Overall, Dominion Energy Inc's net profit margin has shown variability over the years, with fluctuations indicating changes in the company's profitability levels and financial performance. It is important for investors and stakeholders to assess the underlying reasons for these fluctuations to gain a deeper understanding of the company's financial health.