F

Dominion Energy, Inc. — Earnings Quality Grade F

D · Utilities

Major red flags

Revenue
$16.5B
2025
Net Income
$3.0B
2025
Gross Margin
49.0%
Free Cash Flow
-$7.3B
01

Screening Summary

11
Passed
1
Watch
3
Failed
M-Score
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 56 days, change +1 days YoY

A2AR vs Revenue Growth

AR growth 16.7% vs revenue growth 14.2%

A3Revenue vs CFFO

Revenue 14.2%, CFFO 6.8%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 10.9% vs COGS 11.7%. Normal

B2CapEx vs Revenue

CapEx growth 3.6% vs revenue 14.2%. Normal

B3SG&A Ratio

Insufficient data

B4Gross Margin

Gross margin 49.0%, change +1.1pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 1.79. Profits backed by cash

C2Free Cash Flow

FCF < 50% of Net Income for 3 years

C3Accruals Ratio

Accruals ratio = -2.0%. Low accruals

C4Cash vs Debt

Cash $0.2B covers only 1% of debt $48.9B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $5.8B = 20% of equity. Manageable

!
D2Leverage

Debt/EBITDA = 5.9x (>4x). Financial stress

D3Soft Asset Growth

Other assets 8.7% vs revenue 14.2%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions negative for 3 years

E2Goodwill Surge

Goodwill+Intangibles change 10% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

Insufficient data

05

Altman Z-Score

0.63
Distress Zone
0 Distress1.102.605.0+ Safe
-0.0205
Liquidity
0.02
Cumulative profit
0.0486
Operating efficiency
0.3528
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10

Dominion Energy, Inc. (D) 财报排雷评级 F — EarningsGrade