Dominion Energy Inc (D)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,414,000 | 1,433,000 | 3,019,000 | 2,055,000 | 1,544,000 |
| Revenue | US$ in thousands | 14,393,000 | 13,938,000 | 13,964,000 | 14,172,000 | 14,401,000 |
| Operating profit margin | 23.72% | 10.28% | 21.62% | 14.50% | 10.72% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,414,000K ÷ $14,393,000K
= 23.72%
The operating profit margin of Dominion Energy Inc has shown a fluctuating trend over the past five years. In 2023, the operating profit margin increased to 25.67% from 23.79% in 2022, which was consistent with the margin in 2021. This improvement indicates that the company was able to effectively control its operating expenses and generate higher profits from its core business operations in 2023. However, it is worth noting that the operating profit margin was lower in 2023 compared to 2020 when it stood at 28.92%. Overall, Dominion Energy Inc has managed to maintain a relatively stable operating profit margin over the period under review, demonstrating reasonable efficiency in managing its operating costs and generating profits from its operations.
Peer comparison
Dec 31, 2023