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Side-by-side financial comparison of Dominion Energy (D) and International Paper (IP). Click either name above to swap in a different company.

International Paper is the larger business by last-quarter revenue ($6.0B vs $4.2B, roughly 1.4× Dominion Energy). Dominion Energy runs the higher net margin — 13.9% vs 1.0%, a 12.9% gap on every dollar of revenue. On growth, Dominion Energy posted the faster year-over-year revenue change (23.2% vs -0.6%). Over the past eight quarters, International Paper's revenue compounded faster (12.3% 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.

The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 39,000 employees, and is headquartered in Memphis, Tennessee.

D vs IP — Head-to-Head

Bigger by revenue
IP
IP
1.4× larger
IP
$6.0B
$4.2B
D
Growing faster (revenue YoY)
D
D
+23.8% gap
D
23.2%
-0.6%
IP
Higher net margin
D
D
12.9% more per $
D
13.9%
1.0%
IP
Faster 2-yr revenue CAGR
IP
IP
Annualised
IP
12.3%
9.3%
D

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
D
D
IP
IP
Revenue
$4.2B
$6.0B
Net Profit
$586.0M
$60.0M
Gross Margin
Operating Margin
18.0%
Net Margin
13.9%
1.0%
Revenue YoY
23.2%
-0.6%
Net Profit YoY
871.1%
157.1%
EPS (diluted)
$0.66
$0.14

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.

Revenue
D
D
IP
IP
Q1 26
$6.0B
Q4 25
$4.2B
$4.7B
Q3 25
$4.5B
$6.2B
Q2 25
$3.7B
$6.8B
Q1 25
$4.1B
$5.9B
Q4 24
$3.4B
$4.6B
Q3 24
$3.8B
$4.7B
Q2 24
$3.5B
$4.7B
Net Profit
D
D
IP
IP
Q1 26
$60.0M
Q4 25
$586.0M
$-2.4B
Q3 25
$1.0B
$-1.1B
Q2 25
$760.0M
$75.0M
Q1 25
$646.0M
$-105.0M
Q4 24
$-76.0M
$-147.0M
Q3 24
$954.0M
$150.0M
Q2 24
$572.0M
$498.0M
Gross Margin
D
D
IP
IP
Q1 26
Q4 25
32.2%
Q3 25
31.1%
Q2 25
27.9%
Q1 25
27.8%
Q4 24
29.0%
Q3 24
28.7%
Q2 24
29.0%
Operating Margin
D
D
IP
IP
Q1 26
Q4 25
18.0%
-56.4%
Q3 25
29.7%
-10.8%
Q2 25
29.5%
1.7%
Q1 25
29.9%
-2.3%
Q4 24
11.4%
-4.9%
Q3 24
32.2%
5.1%
Q2 24
23.3%
6.8%
Net Margin
D
D
IP
IP
Q1 26
1.0%
Q4 25
13.9%
-50.3%
Q3 25
22.3%
-17.7%
Q2 25
20.4%
1.1%
Q1 25
15.8%
-1.8%
Q4 24
-2.2%
-3.2%
Q3 24
25.2%
3.2%
Q2 24
16.6%
10.5%
EPS (diluted)
D
D
IP
IP
Q1 26
$0.14
Q4 25
$0.66
$-4.76
Q3 25
$1.16
$-2.09
Q2 25
$0.88
$0.14
Q1 25
$0.75
$-0.24
Q4 24
$-0.11
$-0.42
Q3 24
$1.12
$0.42
Q2 24
$0.65
$1.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
D
D
IP
IP
Cash + ST InvestmentsLiquidity on hand
$250.0M
Total DebtLower is stronger
$44.1B
$8.2B
Stockholders' EquityBook value
$29.1B
$14.8B
Total Assets
$115.9B
$36.4B
Debt / EquityLower = less leverage
1.52×
0.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
D
D
IP
IP
Q1 26
Q4 25
$250.0M
$1.1B
Q3 25
$932.0M
$995.0M
Q2 25
$344.0M
$1.1B
Q1 25
$355.0M
$1.2B
Q4 24
$310.0M
$1.2B
Q3 24
$1.8B
$1.2B
Q2 24
$139.0M
$1.0B
Total Debt
D
D
IP
IP
Q1 26
$8.2B
Q4 25
$44.1B
$8.8B
Q3 25
$43.3B
$9.0B
Q2 25
$40.3B
$9.7B
Q1 25
$39.9B
$9.2B
Q4 24
$37.5B
$5.4B
Q3 24
$37.1B
$5.3B
Q2 24
$36.6B
$5.3B
Stockholders' Equity
D
D
IP
IP
Q1 26
$14.8B
Q4 25
$29.1B
$14.8B
Q3 25
$27.7B
$17.3B
Q2 25
$27.2B
$18.6B
Q1 25
$27.4B
$18.1B
Q4 24
$27.3B
$8.2B
Q3 24
$27.5B
$8.6B
Q2 24
$27.1B
$8.6B
Total Assets
D
D
IP
IP
Q1 26
$36.4B
Q4 25
$115.9B
$38.0B
Q3 25
$111.6B
$40.6B
Q2 25
$107.4B
$42.4B
Q1 25
$104.6B
$41.2B
Q4 24
$102.4B
$22.8B
Q3 24
$99.8B
$23.2B
Q2 24
$100.4B
$23.1B
Debt / Equity
D
D
IP
IP
Q1 26
0.55×
Q4 25
1.52×
0.60×
Q3 25
1.56×
0.52×
Q2 25
1.48×
0.52×
Q1 25
1.46×
0.51×
Q4 24
1.38×
0.66×
Q3 24
1.35×
0.62×
Q2 24
1.35×
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
D
D
IP
IP
Operating Cash FlowLast quarter
$987.0M
Free Cash FlowOCF − Capex
$94.0M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
8.7%
Cash ConversionOCF / Net Profit
1.68×
TTM Free Cash FlowTrailing 4 quarters
$553.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
D
D
IP
IP
Q1 26
Q4 25
$987.0M
$905.0M
Q3 25
$1.9B
$605.0M
Q2 25
$1.2B
$476.0M
Q1 25
$1.2B
$-288.0M
Q4 24
$641.0M
$397.0M
Q3 24
$1.5B
$521.0M
Q2 24
$856.0M
$365.0M
Free Cash Flow
D
D
IP
IP
Q1 26
$94.0M
Q4 25
$255.0M
Q3 25
$150.0M
Q2 25
$54.0M
Q1 25
$-618.0M
Q4 24
$137.0M
Q3 24
$309.0M
Q2 24
$167.0M
FCF Margin
D
D
IP
IP
Q1 26
1.6%
Q4 25
5.4%
Q3 25
2.4%
Q2 25
0.8%
Q1 25
-10.5%
Q4 24
3.0%
Q3 24
6.6%
Q2 24
3.5%
Capex Intensity
D
D
IP
IP
Q1 26
8.7%
Q4 25
13.7%
Q3 25
7.3%
Q2 25
6.2%
Q1 25
5.6%
Q4 24
5.7%
Q3 24
4.5%
Q2 24
4.2%
Cash Conversion
D
D
IP
IP
Q1 26
Q4 25
1.68×
Q3 25
1.93×
Q2 25
1.64×
6.35×
Q1 25
1.83×
Q4 24
Q3 24
1.61×
3.47×
Q2 24
1.50×
0.73×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

D
D

Dominion Energy Virginia$3.0B72%
Nonregulated Electricity Sales$334.0M8%
Contracted Energy$306.0M7%
Other$292.0M7%
Other Nonregulated Revenues$97.0M2%
Other Regulated Revenues$66.0M2%
Alternative Revenue Programs$50.0M1%
Transition Services Agreements$25.0M1%
Regulated Gas Transportation And Storage$10.0M0%
Related Party$5.0M0%

IP
IP

Packaging Solutions North America$3.6B61%
Packaging Solutions EMEA$2.3B39%
Corporate and Inter-segment Sales$22.0M0%

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