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Screener / SEC EDGAR /CIK 0001004980 /10-K filed Feb 12, 2026, compared with Feb 13, 2025 /Numbers from the XBRL of the 10-Ks
Utilities peers:
AEPVSTPCGEXCNEESO
NYSE Utilities · Electric & Gas Utilities

PG&E Corporation PCG

PCG quote by TradingView

PG&E Corporation, incorporated in California in 1995, is a holding company whose primary operating subsidiary is Pacific Gas and Electric Company, a public utility operating in Northern and Central California. 10-K, Item 1

Headquarters
Oakland, CA
CEO
Patricia K. Poppe
Next results
around Feb 11, 2027
Compare with peers Embed

PCG among Utilities peers

Six ratios from the latest 10-K. Each corner is the share of 30 peers the company is above, not a score.

Compare
Revenue growth: 2.1%, above 7% of 30 peers (their median 9.7%) REVENUE GROWTH 2.1% · above 7% Operating margin: 20.0%, above 21% of 28 peers (their median 23.1%) OPERATING MARGIN 20.0% · above 21% Net margin: 11.8%, above 30% of 30 peers (their median 14.1%) NET MARGIN 11.8% · above 30% FCF margin: -16.5%, above 39% of 23 peers (their median -11.5%) FCF MARGIN -16.5% · above 39% Return on capital: 5.4%, above 57% of 28 peers (their median 5.3%) RETURN ON CAPITAL 5.4% · above 57%
PCG Peer median Below the median

What changed

9 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 12, 2026 against Feb 13, 2025.

Risk factors
9 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Inventory growing faster than revenue
Inventory +44.2% vs revenue +2.1% (+42.1 pts)
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
1 open-market buy in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Inventory growing faster than revenue
    Inventory +44.2% vs revenue +2.1% (+42.1 pts)
  • Receivables +2.1% vs revenue +2.1% (+0.0 pts)
9 more checks with nothing to note
  • Cash from operations $8.7B vs net income $2.7B (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: DELOITTE & TOUCHE LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No longer listed: Wildfire-Related Contingencies and Recoveries. Same as last year: Regulation and Regulated Operations
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

9 paragraphs in Risk Factors that were not in the 10-K filed Feb 13, 2025. Quoted as filed.

All 9 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    An Enhanced Oversight and Enforcement Process proceeding could result in the Utility losing its license to operate as a utility.
  2. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    The Utility relies on technology to operate its business, including complex operational, interconnected networks and information technology systems that support critical functions. The Utility also depends on information technology systems to help it monitor and operate the electric grid, detect ignitions and collect other…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    The systems and networks of PG&E Corporation and the Utility may also be damaged or disrupted by technology failures due to errors in software or platforms or the inability to appropriately support, update, expand, recover or integrate technology within PG&E Corporation and the Utility’s networks. PG&E Corporation and the Utility add,…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    PG&E Corporation’s and the Utility’s business activities are concentrated in one industry and in one region. PG&E Corporation’s and the Utility’s business activities are concentrated in one industry (electric and gas utility) and in one region (Northern and Central California). As a result, their business performance may be affected by…

New risk paragraphs, against peers

Latest 10-K of each, Utilities companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$21.7B$24.4B$24.4B$24.9B
Net income$1.8B$2.2B$2.5B$2.6B
Operating cash flow$3.7B$4.7B$8.0B$8.7B
Free cash flow−$5.9B−$5.0B−$2.3B−$3.1B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$24.9B ▲ 2.1% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

PG&E Corporation, Oakland, CA · from the 10-K filed Feb 12, 2026

PG&E Corporation, incorporated in California in 1995, is a holding company whose primary operating subsidiary is Pacific Gas and Electric Company, a public utility operating in Northern and Central California. The Utility was incorporated in California in 1905. PG&E Corporation became the holding company of the Utility and its subsidiaries in 1997. The Utility generates revenues mainly through the sale and delivery of electricity and natural gas to customers. The Utility’s service area is shown in the graphic below.

Headquarters
Oakland, CA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 22, 2026
Incorporated in
CA

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Sources

The 10-K filed Feb 12, 2026 (open at SEC), compared with the 10-K filed Feb 13, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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