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Side-by-side financial comparison of Dominion Energy (D) and FLEX LTD. (FLEX). Click either name above to swap in a different company.
FLEX LTD. is the larger business by last-quarter revenue ($7.1B vs $4.2B, roughly 1.7× Dominion Energy). Dominion Energy runs the higher net margin — 13.9% vs 3.4%, a 10.5% gap on every dollar of revenue. On growth, Dominion Energy posted the faster year-over-year revenue change (23.2% vs 7.7%). Over the past eight quarters, FLEX LTD.'s revenue compounded faster (25.2% CAGR vs 9.3%).
Dominion Energy, Inc., commonly referred to as Dominion, is an American energy company headquartered in Richmond, Virginia that supplies electricity in parts of Virginia, North Carolina, and South Carolina and supplies natural gas to parts of Utah, Idaho and Wyoming, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia. Dominion also has generation facilities in Indiana, Illinois, Connecticut, and Rhode Island.
Flex Ltd. is a Singaporean–American multinational manufacturing company. It is the third largest global electronics manufacturing services (EMS), original design manufacturer (ODM) company by revenue, behind only Pegatron for what concerns original equipment manufacturers. Flex's U.S. corporate headquarters are located in Austin, Texas. The company has manufacturing operations in over 30 countries, totaling about 172,000 employees.
D vs FLEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.2B | $7.1B |
| Net Profit | $586.0M | $239.0M |
| Gross Margin | — | 9.6% |
| Operating Margin | 18.0% | 5.5% |
| Net Margin | 13.9% | 3.4% |
| Revenue YoY | 23.2% | 7.7% |
| Net Profit YoY | 871.1% | -9.1% |
| EPS (diluted) | $0.66 | $0.64 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $4.2B | $7.1B | ||
| Q3 25 | $4.5B | $6.8B | ||
| Q2 25 | $3.7B | $6.6B | ||
| Q1 25 | $4.1B | $6.4B | ||
| Q4 24 | $3.4B | $6.6B | ||
| Q3 24 | $3.8B | $6.5B | ||
| Q2 24 | $3.5B | $6.3B | ||
| Q1 24 | $3.5B | $4.5B |
| Q4 25 | $586.0M | $239.0M | ||
| Q3 25 | $1.0B | $199.0M | ||
| Q2 25 | $760.0M | $192.0M | ||
| Q1 25 | $646.0M | $222.0M | ||
| Q4 24 | $-76.0M | $263.0M | ||
| Q3 24 | $954.0M | $214.0M | ||
| Q2 24 | $572.0M | $139.0M | ||
| Q1 24 | $674.0M | $395.0M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 7.5% | ||
| Q1 24 | — | -0.6% |
| Q4 25 | 18.0% | 5.5% | ||
| Q3 25 | 29.7% | 4.4% | ||
| Q2 25 | 29.5% | 4.7% | ||
| Q1 25 | 29.9% | 4.8% | ||
| Q4 24 | 11.4% | 5.1% | ||
| Q3 24 | 32.2% | 4.5% | ||
| Q2 24 | 23.3% | 3.7% | ||
| Q1 24 | 23.6% | -3.6% |
| Q4 25 | 13.9% | 3.4% | ||
| Q3 25 | 22.3% | 2.9% | ||
| Q2 25 | 20.4% | 2.9% | ||
| Q1 25 | 15.8% | 3.5% | ||
| Q4 24 | -2.2% | 4.0% | ||
| Q3 24 | 25.2% | 3.3% | ||
| Q2 24 | 16.6% | 2.2% | ||
| Q1 24 | 19.1% | 8.8% |
| Q4 25 | $0.66 | $0.64 | ||
| Q3 25 | $1.16 | $0.52 | ||
| Q2 25 | $0.88 | $0.50 | ||
| Q1 25 | $0.75 | $0.56 | ||
| Q4 24 | $-0.11 | $0.67 | ||
| Q3 24 | $1.12 | $0.54 | ||
| Q2 24 | $0.65 | $0.34 | ||
| Q1 24 | $0.78 | $0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $250.0M | $3.1B |
| Total DebtLower is stronger | $44.1B | $4.4B |
| Stockholders' EquityBook value | $29.1B | $5.1B |
| Total Assets | $115.9B | $20.8B |
| Debt / EquityLower = less leverage | 1.52× | 0.87× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $250.0M | $3.1B | ||
| Q3 25 | $932.0M | $2.2B | ||
| Q2 25 | $344.0M | $2.2B | ||
| Q1 25 | $355.0M | $2.3B | ||
| Q4 24 | $310.0M | $2.3B | ||
| Q3 24 | $1.8B | $2.6B | ||
| Q2 24 | $139.0M | $2.2B | ||
| Q1 24 | $265.0M | $2.5B |
| Q4 25 | $44.1B | $4.4B | ||
| Q3 25 | $43.3B | $3.7B | ||
| Q2 25 | $40.3B | $3.7B | ||
| Q1 25 | $39.9B | $3.7B | ||
| Q4 24 | $37.5B | $3.7B | ||
| Q3 24 | $37.1B | $3.7B | ||
| Q2 24 | $36.6B | $3.2B | ||
| Q1 24 | $35.1B | $3.3B |
| Q4 25 | $29.1B | $5.1B | ||
| Q3 25 | $27.7B | $5.0B | ||
| Q2 25 | $27.2B | $5.1B | ||
| Q1 25 | $27.4B | $5.0B | ||
| Q4 24 | $27.3B | $5.0B | ||
| Q3 24 | $27.5B | $5.0B | ||
| Q2 24 | $27.1B | $5.0B | ||
| Q1 24 | $27.4B | $5.3B |
| Q4 25 | $115.9B | $20.8B | ||
| Q3 25 | $111.6B | $19.5B | ||
| Q2 25 | $107.4B | $19.1B | ||
| Q1 25 | $104.6B | $18.4B | ||
| Q4 24 | $102.4B | $18.3B | ||
| Q3 24 | $99.8B | $18.6B | ||
| Q2 24 | $100.4B | $17.7B | ||
| Q1 24 | $102.0B | $18.3B |
| Q4 25 | 1.52× | 0.87× | ||
| Q3 25 | 1.56× | 0.73× | ||
| Q2 25 | 1.48× | 0.72× | ||
| Q1 25 | 1.46× | 0.74× | ||
| Q4 24 | 1.38× | 0.74× | ||
| Q3 24 | 1.35× | 0.74× | ||
| Q2 24 | 1.35× | 0.64× | ||
| Q1 24 | 1.28× | 0.61× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $987.0M | $420.0M |
| Free Cash FlowOCF − Capex | — | $272.0M |
| FCF MarginFCF / Revenue | — | 3.9% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | 1.68× | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $987.0M | $420.0M | ||
| Q3 25 | $1.9B | $453.0M | ||
| Q2 25 | $1.2B | $399.0M | ||
| Q1 25 | $1.2B | $433.0M | ||
| Q4 24 | $641.0M | $413.0M | ||
| Q3 24 | $1.5B | $319.0M | ||
| Q2 24 | $856.0M | $340.0M | ||
| Q1 24 | $2.0B | $679.0M |
| Q4 25 | — | $272.0M | ||
| Q3 25 | — | $303.0M | ||
| Q2 25 | — | $266.0M | ||
| Q1 25 | — | $321.0M | ||
| Q4 24 | — | $301.0M | ||
| Q3 24 | — | $216.0M | ||
| Q2 24 | — | $229.0M | ||
| Q1 24 | — | $598.0M |
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 3.6% | ||
| Q1 24 | — | 13.3% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 1.68× | 1.76× | ||
| Q3 25 | 1.93× | 2.28× | ||
| Q2 25 | 1.64× | 2.08× | ||
| Q1 25 | 1.83× | 1.95× | ||
| Q4 24 | — | 1.57× | ||
| Q3 24 | 1.61× | 1.49× | ||
| Q2 24 | 1.50× | 2.45× | ||
| Q1 24 | 2.94× | 1.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
D
| Dominion Energy Virginia | $3.0B | 72% |
| Nonregulated Electricity Sales | $334.0M | 8% |
| Contracted Energy | $306.0M | 7% |
| Other | $292.0M | 7% |
| Other Nonregulated Revenues | $97.0M | 2% |
| Other Regulated Revenues | $66.0M | 2% |
| Alternative Revenue Programs | $50.0M | 1% |
| Transition Services Agreements | $25.0M | 1% |
| Regulated Gas Transportation And Storage | $10.0M | 0% |
| Related Party | $5.0M | 0% |
FLEX
| Flex Reliability Solutions FRS | $3.2B | 46% |
| Transferred At Point In Time | $2.7B | 38% |
| Transferred Over Time | $1.1B | 16% |
