What is PG&E Us's earnings per share (EPS)?

PG&E Us (PCG) reported diluted earnings per share of $1.18 for fiscal year 2025. This represents a 2.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

PG&E Us Financials

PCG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows PG&E Us (PCG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 35/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

PG&E Us has an operating margin of 19.1%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 65/100, reflecting efficient cost management and pricing power. This is up from 18.3% the prior year.

Growth

PG&E Us's revenue grew a modest 2.1% year-over-year to $24.9B. This slow but positive growth earns a score of 37/100.

Leverage

PG&E Us carries a low D/E ratio of 1.76, meaning only $1.76 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 66/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

PG&E Us's current ratio of 0.97 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 14/100, which could limit financial flexibility.

Cash Flow

While PG&E Us generated $8.7B in operating cash flow, capex of $11.8B consumed most of it, leaving -$3.1B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

PG&E Us's ROE of 8.3% shows moderate profitability relative to equity, earning a score of 30/100. This is up from 8.3% the prior year.

Altman Z-Score Distress

0.49

PG&E Us scores 0.49, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

4/9

PG&E Us passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

3.22x

For every $1 of reported earnings, PG&E Us generates $3.22 in operating cash flow ($8.7B OCF vs $2.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.6x

PG&E Us earns $1.6 in operating income for every $1 of interest expense ($4.7B vs $3.0B). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$24.9B

YoY+2.1%

5Y CAGR+6.2%

10Y CAGR+4.0%

PG&E Us generated $24.9B in revenue in fiscal year 2025. This represents an increase of 2.1% from the prior year.

EBITDA

N/A

Net Income

$2.7B

YoY+7.6%

10Y CAGR+11.8%

PG&E Us reported $2.7B in net income in fiscal year 2025. This represents an increase of 7.6% from the prior year.

EPS (Diluted)

$1.18

YoY+2.6%

PG&E Us earned $1.18 per diluted share (EPS) in fiscal year 2025. This represents an increase of 2.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$3.1B

YoY-31.6%

PG&E Us generated -$3.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 31.6% from the prior year.

Cash & Debt

$713.0M

YoY-24.1%

5Y CAGR+8.1%

10Y CAGR+19.2%

PG&E Us held $713.0M in cash against $57.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

2.68B

YoY+0.2%

5Y CAGR+6.2%

PG&E Us had 2.68B shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

19.1%

YoY+0.8pp

5Y CAGR+9.6pp

10Y CAGR+10.1pp

PG&E Us's operating margin was 19.1% in fiscal year 2025, reflecting core business profitability. This is up 0.8 percentage points from the prior year.

Net Margin

10.8%

YoY+0.5pp

5Y CAGR+17.9pp

10Y CAGR+5.6pp

PG&E Us's net profit margin was 10.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.

Return on Equity

8.3%

YoY-0.0pp

5Y CAGR+14.5pp

10Y CAGR+2.9pp

PG&E Us's ROE was 8.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$11.8B

YoY+13.7%

5Y CAGR+8.9%

10Y CAGR+8.6%

PG&E Us invested $11.8B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 13.7% from the prior year.

PCG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$24.9B+2.1%	$24.4B0.0%	$24.4B+12.7%	$21.7B+5.0%	$20.6B+11.8%	$18.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$4.7B+6.5%	$4.5B+66.9%	$2.7B+45.4%	$1.8B-2.4%	$1.9B+7.3%	$1.8B
Interest Expense	$3.0B-0.8%	$3.1B+7.1%	$2.9B+48.7%	$1.9B+19.7%	$1.6B+27.1%	$1.3B
Income Tax	-$280.0M-40.0%	-$200.0M+87.2%	-$1.6B-16.4%	-$1.3B-260.0%	$836.0M+130.9%	$362.0M
Net Income	$2.7B+7.6%	$2.5B+11.3%	$2.3B+24.4%	$1.8B+2161.4%	-$88.0M+93.3%	-$1.3B
EPS (Diluted)	$1.18+2.6%	$1.15+9.5%	$1.05+25.0%	$0.84+1780.0%	$-0.05+95.2%	$-1.05

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$6.8B+8.9%	$6.3B+6.0%	$5.9B-1.4%	$6.0B-9.8%	$6.6B+11.6%	$5.9B-0.8%	$6.0B+2.1%	$5.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$1.2B+1.2%	$1.2B+10.3%	$1.1B-10.2%	$1.2B+19.6%	$1.0B-0.9%	$1.0B-9.3%	$1.1B-11.1%	$1.3B
Interest Expense	$732.0M-4.9%	$770.0M-2.8%	$792.0M+7.9%	$734.0M+0.7%	$729.0M-8.3%	$795.0M-2.1%	$812.0M+13.6%	$715.0M
Income Tax	-$119.0M+45.9%	-$220.0M-1200.0%	$20.0M-48.7%	$39.0M+118.1%	-$215.0M-102.8%	-$106.0M-229.3%	$82.0M+110.3%	$39.0M
Net Income	$670.0M-21.2%	$850.0M+54.8%	$549.0M-13.4%	$634.0M-5.9%	$674.0M+16.4%	$579.0M+10.5%	$524.0M-28.7%	$735.0M
EPS (Diluted)	N/A	$0.37+54.2%	$0.24-14.3%	$0.28	N/A	$0.27+12.5%	$0.24-29.4%	$0.34

PCG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$141.6B+5.9%	$133.7B+6.3%	$125.7B+5.9%	$118.6B+14.8%	$103.3B+5.6%	$97.9B
Current Assets	$15.8B-8.1%	$17.2B+19.7%	$14.4B+12.2%	$12.8B+15.7%	$11.1B+15.4%	$9.6B
Cash & Equivalents	$713.0M-24.1%	$940.0M+48.0%	$635.0M-13.5%	$734.0M+152.2%	$291.0M-39.9%	$484.0M
Inventory	$75.0M+44.2%	$52.0M-20.0%	$65.0M-28.6%	$91.0M+106.8%	$44.0M-53.7%	$95.0M
Accounts Receivable	$2.3B+2.1%	$2.2B+8.4%	$2.0B-22.6%	$2.6B+12.8%	$2.3B+24.5%	$1.9B
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$109.1B+5.4%	$103.5B+2.8%	$100.7B+5.0%	$95.8B+16.3%	$82.4B+7.2%	$76.9B
Current Liabilities	$16.3B-0.2%	$16.3B-5.7%	$17.3B+9.7%	$15.8B-9.4%	$17.4B+28.3%	$13.6B
Long-Term Debt	$57.4B+7.1%	$53.6B+5.1%	$51.0B+6.8%	$47.7B+24.9%	$38.2B+2.5%	$37.3B
Total Equity	$32.5B+7.9%	$30.1B+20.4%	$25.0B+9.7%	$22.8B+8.8%	$21.0B-0.1%	$21.0B
Retained Earnings	-$650.0M+78.1%	-$3.0B+44.3%	-$5.3B+29.4%	-$7.5B+18.8%	-$9.3B-1.0%	-$9.2B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$141.6B+2.4%	$138.2B+1.4%	$136.4B+0.7%	$135.4B+1.3%	$133.7B+1.0%	$132.3B+1.2%	$130.8B+2.5%	$127.6B
Current Assets	$15.8B+10.0%	$14.4B-5.1%	$15.2B-10.3%	$16.9B-1.9%	$17.2B-1.9%	$17.5B+4.8%	$16.7B+9.9%	$15.2B
Cash & Equivalents	$713.0M+76.5%	$404.0M-18.2%	$494.0M-75.6%	$2.0B+115.2%	$940.0M+5.0%	$895.0M-31.9%	$1.3B+99.8%	$658.0M
Inventory	$75.0M+1.4%	$74.0M+1.4%	$73.0M+62.2%	$45.0M-13.5%	$52.0M+2.0%	$51.0M-8.9%	$56.0M+27.3%	$44.0M
Accounts Receivable	$2.3B-3.2%	$2.3B+15.7%	$2.0B-5.1%	$2.1B-3.9%	$2.2B-3.6%	$2.3B+16.1%	$2.0B-8.2%	$2.2B
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$109.1B+2.6%	$106.3B+1.0%	$105.2B+0.4%	$104.8B+1.2%	$103.5B-1.9%	$105.5B+0.9%	$104.5B+2.6%	$101.9B
Current Liabilities	$16.3B+6.6%	$15.3B-5.5%	$16.2B-9.2%	$17.8B+9.1%	$16.3B-3.3%	$16.9B-9.0%	$18.5B+20.0%	$15.5B
Long-Term Debt	$57.4B+3.3%	$55.5B+2.8%	$54.0B+2.6%	$52.7B-1.7%	$53.6B-2.2%	$54.7B+4.0%	$52.7B-1.4%	$53.4B
Total Equity	$32.5B+1.8%	$32.0B+2.5%	$31.2B+1.6%	$30.7B+1.8%	$30.1B+12.4%	$26.8B+2.2%	$26.3B+2.0%	$25.7B
Retained Earnings	-$650.0M+45.0%	-$1.2B+39.4%	-$1.9B+19.3%	-$2.4B+18.6%	-$3.0B+16.6%	-$3.6B+13.5%	-$4.1B+10.8%	-$4.6B

PCG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$8.7B+8.5%	$8.0B+69.3%	$4.7B+27.6%	$3.7B+64.5%	$2.3B+111.8%	-$19.1B
Capital Expenditures	$11.8B+13.7%	$10.4B+6.7%	$9.7B+1.4%	$9.6B+24.6%	$7.7B0.0%	$7.7B
Free Cash Flow	-$3.1B-31.6%	-$2.3B+53.0%	-$5.0B+15.3%	-$5.9B-8.0%	-$5.4B+79.8%	-$26.8B
Investing Cash Flow	-$12.3B-8.3%	-$11.4B-24.2%	-$9.2B+10.3%	-$10.2B-47.9%	-$6.9B+10.9%	-$7.7B
Financing Cash Flow	$3.4B-7.2%	$3.6B-17.7%	$4.4B-38.3%	$7.1B+65.0%	$4.3B-83.3%	$25.9B
Dividends Paid	N/A	$86.0M	$0	$0	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$2.0B-31.3%	$2.9B+169.7%	$1.1B-62.9%	$2.8B+47.4%	$1.9B-38.3%	$3.1B+340.4%	$711.0M-68.6%	$2.3B
Capital Expenditures	$3.2B+7.7%	$2.9B-4.4%	$3.1B+16.3%	$2.6B-6.8%	$2.8B+8.6%	$2.6B+13.4%	$2.3B-12.9%	$2.6B
Free Cash Flow	-$1.2B-1395.0%	-$80.0M+96.0%	-$2.0B-1042.7%	$213.0M+123.8%	-$896.0M-270.3%	$526.0M+133.1%	-$1.6B-321.0%	-$377.0M
Investing Cash Flow	-$3.1B-2.8%	-$3.0B+0.7%	-$3.0B+8.0%	-$3.3B-3.4%	-$3.2B-5.4%	-$3.0B-30.5%	-$2.3B+21.7%	-$2.9B
Financing Cash Flow	$1.3B+594.7%	$188.0M-26.6%	$256.0M-84.1%	$1.6B+33.3%	$1.2B+363.0%	-$459.0M-121.7%	$2.1B+179.5%	$757.0M
Dividends Paid	N/A	$56.0M+1.8%	$55.0M0.0%	$55.0M+150.0%	$22.0M+4.8%	$21.0M-4.5%	$22.0M+4.8%	$21.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PCG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	19.1%+0.8pp	18.3%+7.3pp	10.9%+2.5pp	8.5%-0.7pp	9.1%-0.4pp	9.5%
Net Margin	10.8%+0.5pp	10.3%+1.1pp	9.2%+0.9pp	8.4%+8.8pp	-0.4%+6.6pp	-7.1%
Return on Equity	8.3%-0.0pp	8.3%-0.7pp	9.0%+1.1pp	8.0%+8.4pp	-0.4%+5.8pp	-6.2%
Return on Assets	1.9%+0.0pp	1.9%+0.1pp	1.8%+0.3pp	1.5%+1.6pp	-0.1%+1.2pp	-1.3%
Current Ratio	0.97-0.1	1.05+0.2	0.83+0.0	0.81+0.2	0.64-0.1	0.71
Debt-to-Equity	1.76-0.0	1.78-0.3	2.04-0.1	2.09+0.3	1.82+0.0	1.78
FCF Margin	-12.3%-2.8pp	-9.6%+10.8pp	-20.3%+6.7pp	-27.0%-0.7pp	-26.3%+118.9pp	-145.2%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	18.0%-1.3pp	19.3%+0.8pp	18.6%-1.8pp	20.4%+5.0pp	15.4%-1.9pp	17.3%-1.6pp	18.9%-2.8pp	21.8%
Net Margin	9.8%-3.8pp	13.6%+4.3pp	9.3%-1.3pp	10.6%+0.4pp	10.2%+0.4pp	9.8%+1.0pp	8.8%-3.8pp	12.5%
Return on Equity	2.1%-0.6pp	2.7%+0.9pp	1.8%-0.3pp	2.1%-0.2pp	2.2%+0.1pp	2.2%+0.2pp	2.0%-0.9pp	2.9%
Return on Assets	0.5%-0.1pp	0.6%+0.2pp	0.4%-0.1pp	0.5%-0.0pp	0.5%+0.1pp	0.4%+0.0pp	0.4%-0.2pp	0.6%
Current Ratio	0.97+0.0	0.940.0	0.94-0.0	0.95-0.1	1.05+0.0	1.04+0.1	0.90-0.1	0.99
Debt-to-Equity	1.76+0.0	1.740.0	1.73+0.0	1.72-0.1	1.78-0.3	2.04+0.0	2.01-0.1	2.08
FCF Margin	-17.6%-16.3pp	-1.3%+32.8pp	-34.1%-37.6pp	3.6%+17.1pp	-13.5%-22.4pp	8.8%+35.4pp	-26.5%-20.1pp	-6.4%

Note: The current ratio is below 1.0 (0.97), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is PG&E Us's annual revenue?

PG&E Us (PCG) reported $24.9B in total revenue for fiscal year 2025. This represents a 2.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is PG&E Us's revenue growing?

PG&E Us (PCG) revenue grew by 2.1% year-over-year, from $24.4B to $24.9B in fiscal year 2025.

Is PG&E Us profitable?

Yes, PG&E Us (PCG) reported a net income of $2.7B in fiscal year 2025, with a net profit margin of 10.8%.

How much debt does PG&E Us have?

As of fiscal year 2025, PG&E Us (PCG) had $713.0M in cash and equivalents against $57.4B in long-term debt.

What is PG&E Us's operating margin?

PG&E Us (PCG) had an operating margin of 19.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is PG&E Us's net profit margin?

PG&E Us (PCG) had a net profit margin of 10.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is PG&E Us's return on equity (ROE)?

PG&E Us (PCG) has a return on equity of 8.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is PG&E Us's free cash flow?

PG&E Us (PCG) generated -$3.1B in free cash flow during fiscal year 2025. This represents a -31.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is PG&E Us's operating cash flow?

PG&E Us (PCG) generated $8.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are PG&E Us's total assets?

PG&E Us (PCG) had $141.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are PG&E Us's capital expenditures?

PG&E Us (PCG) invested $11.8B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does PG&E Us have outstanding?

PG&E Us (PCG) had 2.68B shares outstanding as of fiscal year 2025.

What is PG&E Us's current ratio?

PG&E Us (PCG) had a current ratio of 0.97 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is PG&E Us's debt-to-equity ratio?

PG&E Us (PCG) had a debt-to-equity ratio of 1.76 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is PG&E Us's return on assets (ROA)?

PG&E Us (PCG) had a return on assets of 1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is PG&E Us's Altman Z-Score?

PG&E Us (PCG) has an Altman Z-Score of 0.49, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is PG&E Us's Piotroski F-Score?

PG&E Us (PCG) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are PG&E Us's earnings high quality?

PG&E Us (PCG) has an earnings quality ratio of 3.22x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can PG&E Us cover its interest payments?

PG&E Us (PCG) has an interest coverage ratio of 1.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is PG&E Us?

PG&E Us (PCG) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.