PG&E Corporation

PCG · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$35,320	$44,265	$45,859	$34,515	$24,102	$24,738	$5,739	$12,279	$22,953	$30,324	$25,744	$24,916	$17,884	$17,036	$16,529	$18,275	$16,431	$13,819	$15,125	$16,376	$13,809	$13,878	$10,664	$5,157	$7,525	$7,090	$7,546	$11,381	$12,401	$8,665	$11,986	$10,479	$15,103	$14,019	$13,592	$10,586	$9,152	$7,070	$6,127	$8,627	$6,540
Enterprise value	$96,194	$101,920	$103,209	$87,572	$70,231	$67,110	$8,207	$32,857	$41,885	$48,835	$42,977	$40,700	$32,620	$30,296	$30,154	$31,631	$28,925	$25,643	$23,824	$26,223	$23,506	$22,157	$21,108	$7,071	$10,702	$19,161	$18,325	$20,789	$20,710	$17,183	$20,434	–	–	–	–	–	–	–	–	–	–
P/E (TTM) at period end	13.62×	17.88×	20.45×	19.18×	–	–	–	–	13.94×	21.77×	29.46×	17.35×	21.97×	20.88×	19.58×	16.63×	13.47×	10.33×	15.03×	16.52×	15.06×	3.08×	25.39×	–	6.85×	–	–	15.83×	17.32×	11.47×	8.95×	10.40×	14.17×	11.98×	13.24×	10.72×	10.16×	113.85×	10.26×	7.98×	6.34×
P/S (TTM) at period end	1.42×	1.81×	1.88×	1.59×	1.17×	1.34×	0.34×	0.73×	1.34×	1.72×	1.53×	1.46×	1.15×	1.13×	1.11×	1.32×	1.23×	0.94×	1.14×	1.31×	1.18×	1.25×	1.02×	0.49×	0.33×	0.27×	0.36×	0.57×	0.81×	0.90×	1.25×	1.00×	1.43×	1.36×	1.39×	1.12×	1.07×	0.92×	0.85×	1.10×	0.78×
P/B at period end	1.09×	1.47×	1.83×	1.51×	1.15×	1.18×	1.12×	0.97×	1.19×	1.69×	1.55×	1.58×	1.25×	1.30×	1.37×	1.62×	1.59×	1.47×	1.77×	2.10×	1.91×	1.61×	2.53×	1.43×	1.74×	2.24×	0.98×	1.29×	1.27×	0.94×	1.27×	–	–	–	–	–	–	–	–	–	–
EV / EBITDA (TTM)	10.25×	11.79×	16.10×	15.38×	13.29×	12.85×	–	–	7.27×	10.10×	10.43×	8.34×	8.50×	7.64×	7.25×	7.51×	7.14×	6.56×	6.13×	6.87×	6.34×	5.96×	5.92×	1.37×	2.96×	–	6.89×	5.62×	–	–	–	–	–	–	–	–	–	–	–	–	–
EV / Sales (TTM)	3.86×	4.17×	4.23×	4.04×	3.40×	3.63×	0.48×	1.96×	2.44×	2.76×	2.55×	2.38×	2.09×	2.01×	2.02×	2.29×	2.16×	1.75×	1.80×	2.09×	2.01×	2.00×	2.02×	0.67×	0.47×	0.73×	0.88×	1.04×	1.34×	1.79×	2.12×	–	–	–	–	–	–	–	–	–	–
Returns
Return on equity	8.0%	8.2%	9.0%	7.9%	(0.5%)	(6.3%)	(149.1%)	(54.2%)	8.6%	7.8%	5.3%	9.1%	5.7%	6.2%	7.0%	9.7%	11.8%	14.3%	11.8%	12.7%	12.7%	52.2%	10.0%	(24.2%)	25.4%	(106.1%)	(1.0%)	8.1%	7.4%	8.2%	14.2%	–	–	–	–	–	–	–	–	–	–
Return on invested capital	5.1%	5.1%	3.2%	2.4%	–	2.8%	(91.9%)	(19.7%)	5.8%	5.5%	4.5%	6.3%	4.6%	5.0%	5.0%	6.3%	7.3%	7.9%	7.9%	7.5%	7.3%	8.0%	10.1%	43.1%	21.8%	(20.0%)	0.2%	6.4%	5.4%	6.1%	9.3%	–	–	–	–	–	–	–	–	–	–
Dividend yield	0.9%	0.2%	–	–	–	–	–	–	4.4%	3.0%	3.3%	3.3%	4.4%	4.4%	4.3%	3.6%	3.6%	4.0%	3.3%	2.8%	2.4%	–	–	–	1.4%	6.1%	6.2%	4.1%	4.2%	9.7%	7.4%	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	0.97×	1.05×	0.83×	0.81×	0.64×	0.71×	1.33×	0.22×	0.88×	0.81×	0.91×	1.08×	0.80×	0.82×	0.84×	0.77×	0.83×	0.84×	0.81×	0.71×	0.86×	0.93×	2.28×	1.02×	1.97×	0.64×	0.63×	0.73×	1.08×	0.81×	1.04×	–	–	–	–	–	–	–	–	–	–
Debt / equity	1.79×	1.85×	2.09×	2.19×	2.04×	1.78×	–	3.21×	0.95×	0.94×	0.97×	0.96×	0.95×	0.99×	0.98×	1.04×	1.04×	1.06×	1.24×	1.32×	1.44×	1.07×	3.35×	1.51×	1.92×	4.57×	1.44×	1.10×	0.88×	0.94×	0.97×	–	–	–	–	–	–	–	–	–	–
Effective tax rate	(11.6%)	(8.7%)	(222.7%)	(281.1%)	111.8%	(38.4%)	30.8%	32.5%	23.5%	3.8%	(3.1%)	19.2%	24.5%	22.2%	33.9%	33.0%	27.2%	26.2%	34.6%	35.9%	37.6%	39.2%	36.7%	39.8%	37.3%	38.1%	95.0%	44.2%	43.1%	42.4%	40.1%	–	–	–	–	–	–	–	–	–	–
Share count
Diluted shares outstanding	2,202	2,147	2,138	2,132	1,985	1,257	528	517	513	501	487	470	445	425	402	392	386	358	353	359	387	426	399	377	392	354	371	361	409	413	424	430	430	423	418	423	421	404	377	356	327

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$25,775	$24,935	$24,419	$24,428	$21,680	$20,642	$18,469	$17,129	$16,759	$17,135	$17,666	$16,833	$17,090	$15,598	$15,040	$14,956	$13,841	$13,399	$14,628	$13,237	$12,539	$11,703	$11,080	$10,435	$10,505	$22,959	$26,232	$20,820	$19,942	$15,400	$9,610	$9,622	$10,447	$10,582	$10,296	$9,778	$9,470	$8,588	$7,646	$7,186	$7,817	$8,431
Cost of revenue	($3,924)	($3,716)	($3,453)	($4,197)	($4,856)	($4,381)	($3,898)	($3,829)	($4,499)	($5,055)	($5,380)	($5,762)	($6,569)	($5,984)	($5,023)	($12,449)	($10,881)	($10,345)	($12,367)	($11,123)	($10,431)	($9,733)	($5,991)	($3,747)	($2,342)	($4,437)	($23,386)	($13,736)	($13,223)	($8,485)	($3,065)	($2,450)	–	–	–	–	–	–	–	–	–	–
Gross profit	$21,851	$21,219	$20,966	$20,231	$16,824	$16,261	$14,571	$13,300	$12,260	$12,080	$12,286	$11,071	$10,521	$9,614	$10,017	$2,507	$2,960	$3,054	$2,261	$2,114	$2,108	$1,970	$5,089	$6,688	$8,163	$18,522	$2,846	$7,084	$6,719	$6,915	$6,545	$7,172	–	–	–	–	–	–	–	–	–	–
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	($155)	–	–	–	–	–	($1,016)	($972)	($10,447)	($10,582)	($10,296)	($9,778)	($9,470)	($8,588)	($7,646)	($7,186)	($7,817)	($8,431)
Total operating expenses	($16,645)	($16,470)	($16,507)	($17,560)	($14,987)	($14,378)	($12,816)	($23,394)	($21,960)	($9,175)	($10,206)	($9,563)	($8,071)	($7,852)	($8,324)	($565)	($652)	($755)	–	–	–	–	($2,871)	($4,345)	($4,209)	($15,909)	($7,775)	($6,206)	($4,621)	($5,187)	($4,668)	($4,409)	–	–	–	–	–	–	–	–	–	–
Total costs and expenses	($20,569)	($20,186)	($19,960)	($21,757)	($19,843)	($18,759)	($16,714)	($27,223)	($26,459)	($14,230)	($15,586)	($15,325)	($14,640)	($13,836)	($13,347)	($13,014)	($11,533)	($11,100)	($12,367)	($11,123)	($10,431)	($9,733)	($8,862)	($8,092)	($6,551)	($20,346)	($31,161)	($19,942)	($17,844)	($13,672)	($7,733)	($6,859)	–	–	–	–	–	–	–	–	–	–
Operating income	$5,206	$4,749	$4,459	$2,671	$1,837	$1,883	$1,755	($10,094)	($9,700)	$2,905	$2,080	$1,508	$2,450	$1,762	$1,693	$1,942	$2,308	$2,299	$2,261	$2,114	$2,108	$1,970	$2,218	$2,343	$3,954	$2,613	($4,929)	$878	$2,098	$1,728	$1,877	$2,763	$10,447	$10,582	$10,296	$9,778	$9,470	$8,588	$7,646	$7,186	$7,817	$8,431
Earnings
EBITDA	$9,846	$9,383	$8,648	$6,409	$5,693	$5,286	$5,223	($6,860)	($6,664)	$5,759	$4,835	$4,120	$4,883	$3,839	$3,965	$4,157	$4,213	$4,051	$3,912	$3,884	$3,817	$3,705	$3,715	$3,565	$5,150	$3,615	($1,270)	$2,658	$3,700	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest income	$464	$520	$604	$606	$162	$20	$39	$82	$76	$31	$23	$9	$9	$9	$7	$7	$9	$33	$94	$164	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($3,156)	($3,028)	($3,051)	($2,850)	($1,917)	($1,601)	($1,260)	($934)	($929)	($888)	($829)	($773)	($734)	($715)	($703)	($700)	($684)	($705)	($728)	($762)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$2,811	$2,423	$2,312	$699	$476	$748	($942)	($11,042)	($10,129)	$2,171	$1,462	$861	$1,795	$1,096	$1,067	$1,298	$1,660	$1,694	$1,623	$1,559	$1,545	$1,448	$6,286	$1,249	$2,860	$1,629	($5,526)	$261	$1,382	$1,310	$1,310	$2,234	–	–	–	–	–	–	–	–	–	–
Income tax expense	$281	$280	$200	$1,557	$1,338	($836)	($362)	$3,400	$3,292	($511)	($55)	$27	($345)	($268)	($237)	($440)	($547)	($460)	($425)	($539)	($554)	($544)	($2,466)	($458)	($1,137)	($608)	$2,103	($248)	($611)	($565)	($555)	($895)	$1,008	$1,066	$1,171	$1,026	$987	$901	$62	$597	$1,081	$1,031
Net income	$3,092	$2,703	$2,512	$2,256	$1,814	($88)	($1,304)	($7,642)	($6,837)	$1,660	$1,407	$888	$1,450	$828	$830	$858	$1,113	$1,234	$1,338	$1,006	$991	$917	$4,504	$420	($874)	$1,099	($3,364)	($73)	$719	$716	$755	$1,339	$1,008	$1,066	$1,171	$1,026	$987	$901	$62	$597	$1,081	$1,031
Per share
Diluted EPS (GAAP)	$1.35	$1.18	$1.15	$1.05	$0.84	($0.05)	($1.05)	($14.50)	($13.25)	$3.21	$2.78	$1.79	$3.06	$1.83	$1.92	$2.10	$2.82	$3.20	$3.63	$2.78	$2.76	$2.37	$8.97	$1.92	($2.32)	$2.80	($9.49)	($0.20)	$1.99	$1.75	$1.75	$2.99	$2.21	$2.33	$2.58	$2.24	$2.10	$1.90	($0.10)	$1.29	$2.60	$2.65
Basic EPS (GAAP)	$1.35	$1.18	$1.16	$1.09	$0.91	($0.05)	($1.05)	($14.50)	($13.25)	$3.21	$2.79	$1.81	$3.07	$1.83	$1.92	$2.10	$2.86	$3.25	$3.64	$2.79	$2.78	$2.40	$9.16	$1.96	($2.37)	$2.81	($9.49)	($0.20)	$1.99	$1.75	$1.75	$2.99	$2.21	$2.33	$2.58	$2.24	$2.10	$1.90	($0.10)	$1.29	$2.60	$2.65
Basic shares outstanding	2,201	2,197	2,141	2,064	1,987	1,985	1,257	528	517	512	499	484	468	444	424	401	382	368	357	351	346	372	417	384	371	391	354	368	361	409	413	424	430	430	423	418	423	421	404	377	356	327
Margins
Gross margin	84.8%	85.1%	85.9%	82.8%	77.6%	78.8%	78.9%	77.6%	73.2%	70.5%	69.5%	65.8%	61.6%	61.6%	66.6%	16.8%	21.4%	22.8%	15.5%	16.0%	16.8%	16.8%	45.9%	64.1%	77.7%	80.7%	10.8%	34.0%	33.7%	44.9%	68.1%	74.5%	–	–	–	–	–	–	–	–	–	–
Operating margin	20.2%	19.0%	18.3%	10.9%	8.5%	9.1%	9.5%	(58.9%)	(57.9%)	17.0%	11.8%	9.0%	14.3%	11.3%	11.3%	13.0%	16.7%	17.2%	15.5%	16.0%	16.8%	16.8%	20.0%	22.5%	37.6%	11.4%	(18.8%)	4.2%	10.5%	11.2%	19.5%	28.7%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Net margin	12.0%	10.8%	10.3%	9.2%	8.4%	(0.4%)	(7.1%)	(44.6%)	(40.8%)	9.7%	8.0%	5.3%	8.5%	5.3%	5.5%	5.7%	8.0%	9.2%	9.1%	7.6%	7.9%	7.8%	40.6%	4.0%	(8.3%)	4.8%	(12.8%)	(0.4%)	3.6%	4.6%	7.9%	13.9%	9.6%	10.1%	11.4%	10.5%	10.4%	10.5%	0.8%	8.3%	13.8%	12.2%

Analyst consensus

Hold30 analysts

Bearish · 1 · Hold · 17 · Bullish · 12

Earnings history

	EPS	Estimate
Q4 2024	$0.31	$0.31	Match
Q1 2025	$0.33	$0.34	Miss
Q2 2025	$0.31	$0.32	Miss
Q3 2025	$0.50	$0.42	Beat
Q4 2025	$0.36	$0.36	Match
Q1 2026	$0.43	$0.40	Beat
Q2 2026	$0.40	$0.36	Beat
Q3 2026	$0.41	$0.41	Match

Peers

Company overview

IPO dateJun 1, 1972

CEOPatricia Kessler Poppe

Employees29,010

SectorUtilities

IndustryRegulated Electric

CountryUS

ExchangeNew York Stock Exchange

Websitewww.pgecorp.com

PG&E Corporation operates as a holding company, overseeing the generation, transmission, and distribution of electricity and natural gas to its clientele. The firm's expertise spans a broad range of energy-related services, including general utilities, power provision, gas supply, electrical grids, solar solutions, and sustainability initiatives. Established in 1995, the company maintains its corporate headquarters in Oakland, California.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.