PCGPG&E Corporation
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
PCG and 9 peers, year by year
The 9 Utilities companies closest to PCG in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
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| Company | Year | Revenue | Sales growth | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|
| PCG PG&E Corporation | FY2025 | $24.9B | +2.1% | 19.0% | 10.4% | −12.3% | 8.0% | 1.85 |
| EXC Exelon | FY2025 | $24.3B | +5.3% | 21.2% | 11.4% | −9.4% | 9.6% | 1.74 |
| NEE NextEra Energy | FY2025 | $27.4B | +9.8% | 30.2% | 24.9% | - | 12.5% | 1.74 |
| AEP American Electric Power | FY2025 | $21.9B | +8.7% | 24.3% | 16.4% | 16.0% | 11.5% | 1.54 |
| SO Southern Company | FY2025 | $29.6B | +10.6% | 24.7% | 14.7% | −9.9% | 12.1% | 2.02 |
| VST Vistra Corp. | FY2025 | $17.7B | +19.1% | 10.7% | 5.3% | 7.4% | 18.5% | 3.70 |
| CEG Constellation Energy | FY2025 | $25.5B | +19.5% | 12.1% | 9.1% | 5.0% | 16.0% | 0.62 |
| EIX Edison International | FY2025 | $19.3B | +9.8% | 36.7% | 23.1% | −3.7% | 25.4% | 2.30 |
| DUK Duke Energy | FY2025 | $32.2B | +5.6% | 26.8% | 15.4% | −5.3% | 9.6% | 1.73 |
| ED Consolidated Edison | FY2025 | $17.0B | +10.2% | 17.2% | 11.9% | - | 8.4% | 1.07 |
Revenue, FY2016 to FY2025
Revenue as reported in the 10-K.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| PCG Dec | $17.7B | $17.1B | $16.8B | $17.1B | $18.5B | $20.6B | $21.7B | $24.4B | $24.4B | $24.9B |
| EXC Dec | $31.4B | $33.6B | $36.0B | $34.4B | $16.7B | $17.9B | $19.1B | $21.7B | $23.0B | $24.3B |
| NEE Dec | $16.1B | $17.2B | $16.7B | $19.2B | $18.0B | $17.1B | $21.0B | $28.1B | $24.8B | $27.4B |
| AEP Dec | $16.4B | $15.4B | $16.2B | $15.6B | $14.9B | $16.8B | $19.6B | $19.5B | $20.0B | $21.9B |
| SO Dec | $19.9B | $23.0B | $23.5B | $21.4B | $20.4B | $23.1B | $29.3B | $25.3B | $26.7B | $29.6B |
| VST Dec | - | $5.4B | $9.8B | $11.8B | $11.4B | $17.7B | $15.6B | $14.8B | $17.2B | $17.7B |
| CEG Dec | - | - | - | - | $17.6B | $19.6B | $24.4B | $24.9B | $23.6B | $25.5B |
| EIX Dec | $11.9B | $12.3B | $12.7B | $12.3B | $13.6B | $14.9B | $17.2B | $16.3B | $17.6B | $19.3B |
| DUK Dec | $22.7B | $23.6B | $24.5B | $25.1B | $23.4B | $24.6B | $28.8B | $29.1B | $30.4B | $32.2B |
| ED Dec | $12.1B | $12.0B | $12.3B | $12.6B | $12.2B | $13.7B | $15.7B | $14.7B | $15.5B | $17.0B |
| Peer median | $16.4B | $16.3B | $16.5B | $17.4B | $16.7B | $17.7B | $19.6B | $21.7B | $23.0B | $24.3B |
Sales growth, FY2016 to FY2025
Revenue against the fiscal year before.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| PCG Dec | +4.9% | −3.0% | −2.2% | +2.2% | +7.8% | +11.8% | +5.0% | +12.7% | 0.0% | +2.1% |
| EXC Dec | +6.5% | +7.0% | +7.2% | −4.3% | −4.1% | +7.7% | +6.4% | +13.9% | +6.0% | +5.3% |
| NEE Dec | −7.6% | +6.4% | −2.6% | +13.6% | −2.9% | +10.6% | +22.3% | +7.8% | −5.2% | +9.8% |
| AEP Dec | −0.4% | −5.8% | +5.0% | −3.9% | −4.1% | +12.6% | +17.0% | +0.3% | +2.6% | +8.7% |
| SO Dec | +13.8% | +15.8% | +2.0% | −8.8% | −4.9% | +13.4% | +26.7% | −13.8% | +5.8% | +10.6% |
| VST Dec | - | - | +68.4% | +17.9% | −6.0% | +63.1% | −11.7% | −11.7% | +6.9% | +19.1% |
| CEG Dec | - | - | - | - | - | +11.6% | +25.0% | −3.4% | −9.0% | +19.5% |
| EIX Dec | +3.0% | +3.8% | +2.7% | −2.4% | +10.0% | +9.8% | +15.5% | −5.1% | +7.7% | +9.8% |
| DUK Dec | +1.7% | +3.6% | +4.1% | +2.5% | −3.6% | +5.3% | +17.1% | 0.0% | +4.8% | +5.6% |
| ED Dec | −3.8% | −0.3% | +2.5% | +1.8% | −1.0% | +11.9% | +14.9% | −6.3% | +6.9% | +10.2% |
| Peer median | +1.7% | +3.8% | +3.4% | −0.3% | −3.8% | +11.6% | +17.0% | −3.4% | +5.8% | +9.8% |
Operating margin, FY2016 to FY2025
Operating income / revenue.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| PCG Dec | 11.8% | 17.0% | −57.9% | −58.9% | 9.5% | 9.1% | 8.5% | 10.9% | 18.3% | 19.0% |
| EXC Dec | 10.2% | 13.1% | 10.8% | 12.7% | 13.1% | 15.0% | 17.4% | 18.5% | 18.8% | 21.2% |
| NEE Dec | 27.6% | 30.1% | 25.6% | 27.9% | 28.4% | 17.1% | 19.5% | 36.4% | 30.2% | 30.2% |
| AEP Dec | 7.1% | 22.9% | 16.6% | 16.7% | 20.0% | 20.3% | 17.7% | 18.3% | 21.6% | 24.3% |
| SO Dec | 22.5% | 10.1% | 17.8% | 36.1% | 24.0% | 16.0% | 18.3% | 23.1% | 26.4% | 24.7% |
| VST Dec | - | 3.6% | 5.0% | 16.9% | 13.3% | −8.6% | −7.5% | 18.0% | 23.7% | 10.7% |
| CEG Dec | - | - | - | - | 1.5% | −1.8% | 2.0% | 6.5% | 18.5% | 12.1% |
| EIX Dec | 17.4% | 11.8% | −4.4% | 14.4% | 9.0% | 9.9% | 8.6% | 16.1% | 16.6% | 36.7% |
| DUK Dec | 22.9% | 23.9% | 19.1% | 22.8% | 19.6% | 22.3% | 20.9% | 24.3% | 26.1% | 26.8% |
| ED Dec | 23.0% | 23.1% | 21.6% | 21.3% | 21.7% | 20.7% | 16.7% | 21.8% | 17.3% | 17.2% |
| Peer median | 22.5% | 18.0% | 17.2% | 19.1% | 19.6% | 16.0% | 17.4% | 18.5% | 21.6% | 24.3% |
Net margin, FY2016 to FY2025
Net income / revenue.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| PCG Dec | 7.9% | 9.6% | −40.9% | −44.7% | −7.1% | −0.5% | 8.3% | 9.2% | 10.1% | 10.4% |
| EXC Dec | 3.6% | 11.3% | 5.6% | 8.5% | 11.8% | 9.5% | 11.4% | 10.7% | 10.7% | 11.4% |
| NEE Dec | 18.0% | 31.3% | 39.7% | 19.6% | 16.2% | 20.9% | 19.8% | 26.0% | 28.1% | 24.9% |
| AEP Dec | 3.7% | 12.4% | 11.9% | 12.3% | 14.7% | 14.8% | 11.7% | 11.3% | 14.9% | 16.4% |
| SO Dec | 12.3% | 3.7% | 9.5% | 22.1% | 15.3% | 10.4% | 12.0% | 15.7% | 16.5% | 14.7% |
| VST Dec | - | −4.7% | −0.6% | 7.9% | 5.6% | −7.2% | −7.8% | 10.1% | 15.4% | 5.3% |
| CEG Dec | - | - | - | - | 3.3% | −1.0% | −0.7% | 6.5% | 15.9% | 9.1% |
| EIX Dec | 11.0% | 4.6% | −3.3% | 10.4% | 5.4% | 5.1% | 3.6% | 7.3% | 7.3% | 23.1% |
| DUK Dec | 9.5% | 13.0% | 10.9% | 14.9% | 5.9% | 15.9% | 8.9% | 9.8% | 14.9% | 15.4% |
| ED Dec | 10.3% | 12.7% | 11.2% | 10.7% | 9.0% | 9.8% | 10.6% | 17.2% | 11.8% | 11.9% |
| Peer median | 10.3% | 11.8% | 10.2% | 11.5% | 9.0% | 9.8% | 10.6% | 10.7% | 14.9% | 14.7% |
Free cash flow, FY2016 to FY2025
Cash from operations minus capital spending.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| PCG Dec | −$1.3B | $336.0M | −$1.8B | −$1.5B | −$26.8B | −$5.4B | −$5.9B | −$5.0B | −$2.3B | −$3.1B |
| EXC Dec | −$92.0M | −$104.0M | $1.1B | −$589.0M | −$3.8B | −$5.0B | −$2.3B | −$2.7B | −$1.5B | −$2.3B |
| NEE Dec | - | - | - | - | - | - | - | - | - | - |
| AEP Dec | $4.4B | $4.3B | $5.2B | $3.4B | $3.8B | - | - | $4.9B | $6.4B | $3.5B |
| SO Dec | −$2.4B | −$1.0B | −$1.1B | −$1.8B | −$826.0M | −$1.4B | −$1.6B | −$1.5B | $833.0M | −$2.9B |
| VST Dec | - | $1.3B | $941.0M | $2.0B | $2.1B | −$1.2B | −$816.0M | $3.8B | $2.5B | $1.3B |
| CEG Dec | - | - | - | - | −$1.2B | −$2.7B | −$4.0B | −$7.7B | −$5.0B | $1.3B |
| EIX Dec | −$495.0M | −$247.0M | −$1.3B | −$5.2B | −$4.2B | −$5.5B | −$2.6B | −$2.0B | −$693.0M | −$715.0M |
| DUK Dec | −$1.0B | −$1.4B | −$2.2B | −$2.9B | −$1.1B | −$1.4B | −$5.4B | −$2.7B | $48.0M | −$1.7B |
| ED Dec | −$1.8B | −$239.0M | −$2.6B | −$542.0M | −$1.9B | −$1.2B | −$530.0M | - | - | - |
| Peer median | −$766.5M | −$239.0M | −$1.1B | −$589.0M | −$1.1B | −$1.4B | −$2.3B | −$2.0B | $48.0M | −$715.0M |
FCF margin, FY2016 to FY2025
Free cash flow / revenue.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| PCG Dec | −7.4% | 2.0% | −10.5% | −8.7% | −145.2% | −26.3% | −27.0% | −20.3% | −9.6% | −12.3% |
| EXC Dec | −0.3% | −0.3% | 2.9% | −1.7% | −22.9% | −27.7% | −11.9% | −12.4% | −6.6% | −9.4% |
| NEE Dec | - | - | - | - | - | - | - | - | - | - |
| AEP Dec | 26.9% | 27.7% | 32.3% | 21.5% | 25.7% | - | - | 25.0% | 32.1% | 16.0% |
| SO Dec | −12.1% | −4.5% | −4.5% | −8.3% | −4.1% | −6.1% | −5.5% | −6.1% | 3.1% | −9.9% |
| VST Dec | - | 23.4% | 9.6% | 17.1% | 18.2% | −7.0% | −5.2% | 25.6% | 14.4% | 7.4% |
| CEG Dec | - | - | - | - | −6.6% | −13.6% | −16.5% | −31.0% | −21.3% | 5.0% |
| EIX Dec | −4.2% | −2.0% | −10.5% | −42.0% | −31.1% | −36.9% | −14.9% | −12.5% | −3.9% | −3.7% |
| DUK Dec | −4.6% | −6.1% | −9.0% | −11.6% | −4.5% | −5.8% | −18.9% | −9.4% | 0.2% | −5.3% |
| ED Dec | −14.7% | −2.0% | −20.7% | −4.3% | −15.4% | −9.0% | −3.4% | - | - | - |
| Peer median | −4.4% | −2.0% | −4.5% | −4.3% | −5.6% | −9.0% | −11.9% | −9.4% | 0.2% | −3.7% |
Return on equity, FY2016 to FY2025
Net income / shareholders' equity at the year end.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| PCG Dec | 7.8% | 8.6% | −54.2% | −149.1% | −6.3% | −0.5% | 7.9% | 9.0% | 8.2% | 8.0% |
| EXC Dec | 4.3% | 12.6% | 6.5% | 9.1% | 6.0% | 5.0% | 8.8% | 9.0% | 9.1% | 9.6% |
| NEE Dec | 11.9% | 19.1% | 19.4% | 10.2% | 8.0% | 9.6% | 10.6% | 15.4% | 13.9% | 12.5% |
| AEP Dec | 3.5% | 10.5% | 10.1% | 9.8% | 10.7% | 11.1% | 9.7% | 8.7% | 11.0% | 11.5% |
| SO Dec | 9.9% | 3.5% | 9.0% | 17.2% | 11.2% | 8.6% | 11.6% | 12.6% | 13.3% | 12.1% |
| VST Dec | - | −4.0% | −0.7% | 11.7% | 7.6% | −15.4% | −25.0% | 28.1% | 47.7% | 18.5% |
| CEG Dec | - | - | - | - | 4.0% | −1.8% | −1.5% | 14.9% | 28.5% | 16.0% |
| EIX Dec | 9.2% | 4.1% | −3.3% | 8.3% | 5.3% | 4.8% | 3.9% | 7.7% | 8.2% | 25.4% |
| DUK Dec | 5.2% | 7.3% | 6.1% | 8.0% | 2.9% | 7.9% | 5.2% | 5.8% | 9.0% | 9.6% |
| ED Dec | 8.7% | 9.9% | 8.3% | 7.5% | 5.8% | 6.7% | 8.0% | 11.9% | 8.3% | 8.4% |
| Peer median | 8.7% | 8.6% | 7.4% | 9.4% | 6.0% | 6.7% | 8.0% | 11.9% | 11.0% | 12.1% |
Debt / equity, FY2016 to FY2025
Total debt / shareholders' equity at the year end.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| PCG Dec | 0.10 | 0.07 | 3.48 | 0.00 | 1.95 | 2.14 | 2.18 | 2.19 | 1.83 | 1.85 |
| EXC Dec | 1.34 | 1.15 | 1.17 | 1.16 | 1.17 | 0.99 | 1.61 | 1.70 | 1.73 | 1.74 |
| NEE Dec | 1.26 | 1.23 | 0.94 | 1.14 | 1.30 | 1.45 | 1.62 | 1.54 | 1.64 | 1.74 |
| AEP Dec | 1.22 | 1.21 | 1.29 | 1.47 | 1.60 | 1.60 | 1.66 | 1.67 | 1.64 | 1.54 |
| SO Dec | 1.92 | 2.10 | 1.89 | 1.70 | 1.76 | 1.93 | 1.89 | 1.97 | 1.95 | 2.02 |
| VST Dec | - | 0.70 | 1.41 | 1.35 | 1.11 | 1.29 | 2.57 | 2.71 | 2.93 | 3.70 |
| CEG Dec | - | - | - | - | - | 0.58 | 0.53 | 0.85 | 0.64 | 0.62 |
| EIX Dec | 0.88 | 1.05 | 1.22 | 1.22 | 1.62 | 1.74 | 2.03 | 2.20 | 2.35 | 2.30 |
| DUK Dec | 1.23 | 1.30 | 1.32 | 1.31 | 1.31 | 1.36 | 1.49 | 1.62 | 1.68 | 1.73 |
| ED Dec | 1.11 | 1.08 | 1.19 | 1.20 | 1.28 | 1.22 | 1.26 | 1.16 | 1.22 | 1.07 |
| Peer median | 1.23 | 1.18 | 1.25 | 1.26 | 1.31 | 1.36 | 1.62 | 1.67 | 1.68 | 1.74 |
EPS (diluted), FY2016 to FY2025
Diluted earnings per share, on today's share count after splits.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| PCG Dec | $2.78 | $3.21 | −$13.25 | −$14.50 | −$1.05 | −$0.05 | $0.84 | $1.05 | $1.15 | $1.18 |
| EXC Dec | $1.21 | $3.98 | $2.07 | $3.01 | $2.01 | $1.74 | - | - | - | - |
| NEE Dec | $1.56 | $2.85 | $3.47 | $1.94 | $1.48 | $1.81 | $2.10 | $3.60 | $3.37 | $3.30 |
| AEP Dec | $1.24 | $3.88 | $3.90 | $3.88 | $4.42 | $4.96 | $4.49 | $4.24 | $5.58 | $6.66 |
| SO Dec | $2.55 | $0.84 | $2.17 | $4.50 | $2.93 | $2.24 | $3.26 | $3.62 | $3.99 | $3.92 |
| VST Dec | - | −$0.59 | −$0.11 | $1.86 | $1.30 | −$2.69 | −$3.26 | $3.58 | $7.00 | $2.18 |
| CEG Dec | - | - | - | - | $0.00 | $0.00 | −$0.49 | $5.01 | $11.89 | $7.40 |
| EIX Dec | $3.97 | $1.72 | −$1.30 | $3.77 | $1.98 | $2.00 | $1.60 | $3.11 | $3.31 | $11.55 |
| DUK Dec | $3.11 | $4.36 | $3.76 | $5.06 | $1.72 | $4.94 | $3.17 | $3.54 | $5.71 | $6.31 |
| ED Dec | $4.12 | $4.94 | $4.42 | $4.08 | $3.28 | $3.85 | $4.66 | $7.21 | $5.24 | $5.64 |
| Peer median | $2.55 | $3.36 | $2.82 | $3.83 | $1.98 | $2.00 | $2.63 | $3.61 | $5.41 | $5.97 |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out PCG and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →
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