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

PG&E Corporation (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 Corporation (PCG) Financials

PCG

Trailing 12 months to June 30, 2026

Revenue $25.8B +5.7% YoY

Net Income $463.0M +709.2% YoY

EPS (Diluted) $1.38 +26.6% YoY

Free Cash Flow -$4.3B -96.9% YoY

Market Cap $36.8B as of Oct 1, 2026

Price / Sales 1.4x on $25.8B revenue, trailing 12 months to June 30, 2026

Price / Earnings 79.4x on $463.0M net income, trailing 12 months to June 30, 2026

Price / Book 1.1x on $33.9B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 1, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 23, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PCG SEC filings page.

PG&E Corporation (PCG) reported $25.8B in revenue over the twelve months to Jun 30, 2026, up 5.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI PCG FY2025 2026-08-29

PG&E’s dominant mechanic is capital-intensive growth funded partly through financing as operating cash falls short of reinvestment.

Cash conversion remains structurally demanding: FY2025 operating cash flow was $8.7B against capital expenditures of $11.8B. The resulting free cash flow of -$3.1B means reported operating cash generation still did not internally fund the asset investment required by the business.

Leverage is moderating relative to the capital base: long-term debt increased to $57.4B, yet debt-to-equity eased to 1.8x as equity expanded faster. That improvement is balance-sheet driven rather than debt reduction.

Operating efficiency improved without volume acceleration: operating margin widened from 18.3% in FY2024 to 19.1% in FY2025 while revenue was nearly flat. However, interest expense of $3.0B absorbed a large share of operating income, and the current ratio slipped below 1.0x, leaving limited short-term balance-sheet slack.

Financial Health Signals

Financial Health Score 46/100

Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of PG&E Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

PG&E Corporation has an operating margin of 19.1%, meaning the company retains $19 of operating profit per $100 of revenue. This results in a moderate score of 35/100, indicating healthy but not exceptional operating efficiency. This is up from 18.3% the prior year.

Growth

PG&E Corporation's revenue grew a modest 2.1% year-over-year to $24.9B. This slow but positive growth earns a score of 27/100.

Leverage

PG&E Corporation 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 77/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 0.97, PG&E Corporation holds $0.97 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 70/100.

Cash Flow

While PG&E Corporation 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 36/100, reflecting heavy capital investment rather than weak cash generation.

Returns

PG&E Corporation generates a 0.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is unchanged from the prior year.

Altman Z-Score Distress

0.48

PG&E Corporation scores 0.48, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/8

PG&E Corporation passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

N/A

PG&E Corporation reported $3K of net income while generating $8.7B in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.

Interest Coverage At Risk

1.57x

PG&E Corporation earns $1.57 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

$5.9B

YoY+0.1%

QoQ-14.2%

5Y CAGR+2.5%

10Y CAGR+3.5%

PG&E Corporation generated $5.9B in revenue in Q2 2026. This represents an increase of 0.1% from the same quarter a year earlier. Against the prior quarter it is down 14.2%.

Net Income

$761.0M

YoY+38.6%

QoQ-14.0%

5Y CAGR+13.7%

10Y CAGR+13.7%

PG&E Corporation reported $761.0M in net income in Q2 2026. This represents an increase of 38.6% from the same quarter a year earlier. Against the prior quarter it is down 14.0%.

EPS (Diluted)

$0.33

YoY+37.5%

QoQ-15.4%

5Y CAGR+12.9%

10Y CAGR-2.1%

PG&E Corporation earned $0.33 per diluted share (EPS) in Q2 2026. This represents an increase of 37.5% from the same quarter a year earlier. Against the prior quarter it is down 15.4%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

-$2.1B

YoY-2.6%

QoQ-122.6%

PG&E Corporation recorded an outflow of $2.1B in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 2.6% from the same quarter a year earlier. Against the prior quarter it is down 122.6%.

Cash & Debt

$972.0M

YoY+96.8%

QoQ-14.1%

5Y CAGR+25.9%

10Y CAGR+17.8%

PG&E Corporation held $972.0M in cash against $61.8B in long-term debt as of Q2 2026.

Shares Outstanding

2.68B

YoY+0.2%

QoQ0.0%

5Y CAGR+1.7%

10Y CAGR+18.3%

PG&E Corporation had 2.68B shares outstanding in Q2 2026. This represents an increase of 0.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Operating Margin

21.4%

YoY+2.8pp

QoQ0.0pp

5Y change+9.2pp

10Y change+11.8pp

PG&E Corporation's operating margin was 21.4% in Q2 2026, reflecting core business profitability. This is up 2.8 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.

Net Margin

12.9%

YoY+3.6pp

QoQ0.0pp

5Y change+5.2pp

10Y change+7.8pp

PG&E Corporation's net profit margin was 12.9% in Q2 2026, showing the share of revenue converted to profit. This is up 3.6 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.

Return on Equity

2.2%

YoY+0.5pp

QoQ-0.4pp

5Y change+0.4pp

10Y change+1.0pp

PG&E Corporation's ROE was 2.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$3.0B

YoY-3.2%

QoQ-11.6%

5Y CAGR+10.0%

10Y CAGR+7.6%

PG&E Corporation invested $3.0B in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 3.2% from the same quarter a year earlier. Against the prior quarter it is down 11.6%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

PCG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PCG quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$25.8B	$24.9B+2.1%	$24.4B0.0%	$24.4B+12.7%	$21.7B+5.0%	$20.6B+11.8%	$18.5B+7.8%	$17.1B+2.2%	$16.8B-2.2%	$17.1B-3.0%	$17.7B+4.9%	$16.8B-1.5%	$17.1B+9.6%	$15.6B+3.7%	$15.0B+0.6%	$15.0B
Operating Income	$5.2B	$4.7B+6.5%	$4.5B+66.9%	$2.7B+45.4%	$1.8B-2.4%	$1.9B+7.3%	$1.8B+117.4%	-$10.1B-4.1%	-$9.7B-433.9%	$2.9B+39.7%	$2.1B+37.9%	$1.5B-38.4%	$2.5B+39.0%	$1.8B+4.1%	$1.7B-12.8%	$1.9B
Interest Expense	$3.1B	$3.0B-0.8%	$3.1B+7.1%	$2.9B+48.7%	$1.9B+19.7%	$1.6B+27.1%	$1.3B+34.9%	$934.0M+0.5%	$929.0M+4.6%	$888.0M+7.1%	$829.0M+7.2%	$773.0M+5.3%	$734.0M+2.7%	$715.0M+1.7%	$703.0M+0.4%	$700.0M
Income Tax	-$406.0M	-$280.0M-40.0%	-$200.0M+87.2%	-$1.6B-16.4%	-$1.3B-260.0%	$836.0M+130.9%	$362.0M+110.6%	-$3.4B-3.3%	-$3.3B-744.2%	$511.0M+829.1%	$55.0M+303.7%	-$27.0M-107.8%	$345.0M+28.7%	$268.0M+13.1%	$237.0M-46.1%	$440.0M
Net Income	$463.0M	$3K+4.8%	$2K+10.4%	$2K+24.6%	$2K+1864.7%	-$102+100.0%	-$1.3B+82.9%	-$7.6B-11.8%	-$6.8B-511.9%	$1.7B+18.0%	$1.4B+58.4%	$888.0M-38.8%	$1.4B+75.1%	$828.0M-0.2%	$830.0M-3.3%	$858.0M
EPS (Basic)	N/A	$1.18+1.7%	$1.16+6.4%	$1.09+19.8%	$0.91+1920.0%	-$0.05+95.2%	-$1.05+92.8%	-$14.50-9.4%	-$13.25-512.8%	$3.21+15.1%	$2.79+54.1%	$1.81-41.0%	$3.07+67.8%	$1.83-4.7%	$1.92-8.6%	$2.10
EPS (Diluted)	$1.38	$1.18+2.6%	$1.15+9.5%	$1.05+25.0%	$0.84+1780.0%	-$0.05	-$1.05	-$14.50-9.4%	-$13.25-512.8%	$3.21+15.5%	$2.78+55.3%	$1.79-41.5%	$3.06+67.2%	$1.83-4.7%	$1.92-8.6%	$2.10
Diluted Shares (Avg)	N/A	2.20B+2.6%	2.15B+0.4%	2.14B+0.3%	2.13B+7.4%	1.99B	1.26B	528M+2.1%	517M+0.8%	513M+2.4%	501M+2.9%	487M+3.6%	470M+5.6%	445M+4.7%	425M+5.7%	402M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$5.9B+0.1%	$6.9B+15.0%	$6.8B+2.6%	$6.3B+5.2%	$5.9B-1.5%	$6.0B+2.1%	$6.6B-5.8%	$5.9B+0.9%
Operating Income	$1.3B+15.2%	$1.5B+20.5%	$1.2B+20.0%	$1.2B+17.5%	$1.1B-3.4%	$1.2B-4.4%	$1.0B-10.1%	$1.0B+156.6%
Interest Expense	$796.0M+0.5%	$803.0M+9.4%	$732.0M+0.4%	$770.0M-3.1%	$792.0M-2.5%	$734.0M+2.7%	$729.0M-21.3%	$795.0M+16.6%
Income Tax	-$87.0M-535.0%	$20.0M-48.7%	-$119.0M+44.7%	-$220.0M-107.5%	$20.0M-75.6%	$39.0M0.0%	-$215.0M+53.1%	-$106.0M+74.5%
Net Income	$761.0M+38.6%	$885.0M+39.6%	-$2.0B-10.6%	$850.0M+46.8%	$549.0M+4.8%	$634.0M-13.7%	-$1.8B-37.9%	$579.0M+65.0%
EPS (Basic)	$0.33+37.5%	$0.39+39.3%	$0.29-3.3%	$0.37+37.0%	$0.240.0%	$0.28-17.6%	$0.30-31.8%	$0.27+68.8%
EPS (Diluted)	$0.33+37.5%	$0.39+39.3%	$0.29-3.3%	$0.37+37.0%	$0.240.0%	$0.28-17.6%	$0.30-30.2%	$0.27+68.8%
Diluted Shares (Avg)	2.29B+3.7%	2.28B+3.7%	N/A	2.28B+6.4%	2.20B+2.8%	2.20B+2.9%	N/A	2.14B+0.1%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EBITDA.

PCG Balance Sheet

PCG quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$141.6B+5.9%	$133.7B+6.3%	$125.7B+5.9%	$118.6B+14.8%	$103.3B+5.6%	$97.9B+14.9%	$85.2B+10.7%	$77.0B+13.2%	$68.0B-0.9%	$68.6B+8.5%	$63.2B+5.2%	$60.1B+8.1%	$55.6B+6.0%	$52.4B+5.4%	$49.8B
Current Assets	$15.8B-8.1%	$17.2B+19.7%	$14.4B+12.2%	$12.8B+15.7%	$11.1B+15.4%	$9.6B-5.5%	$10.2B+10.5%	$9.2B+46.4%	$6.3B+1.9%	$6.2B+6.0%	$5.8B-9.0%	$6.4B+6.9%	$6.0B+16.7%	$5.1B-21.0%	$6.5B
Cash & Equivalents	$713.0M-24.1%	$940.0M+48.0%	$635.0M-13.5%	$734.0M+152.2%	$291.0M-39.9%	$484.0M-69.2%	$1.6B-5.9%	$1.7B+271.5%	$449.0M+153.7%	$177.0M+43.9%	$123.0M-18.5%	$151.0M-49.0%	$296.0M-26.2%	$401.0M-21.8%	$513.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$75.0M+44.2%	$52.0M-20.0%	$65.0M-28.6%	$91.0M+106.8%	$44.0M-53.7%	$95.0M-2.1%	$97.0M-12.6%	$111.0M-3.5%	$115.0M-1.7%	$117.0M-7.1%	$126.0M-26.7%	$172.0M+25.5%	$137.0M+1.5%	$135.0M-15.1%	$159.0M
Accounts Receivable	$2.3B+2.1%	$2.2B+8.4%	$2.0B-22.6%	$2.6B+12.8%	$2.3B+24.5%	$1.9B+46.3%	$1.3B+12.1%	$1.1B-7.6%	$1.2B-0.7%	$1.3B+13.2%	$1.1B+15.2%	$960.0M-12.0%	$1.1B+16.4%	$937.0M-5.5%	$992.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$109.1B+5.4%	$103.5B+2.8%	$100.7B+5.0%	$95.8B+16.3%	$82.4B+7.2%	$76.9B-4.0%	$80.1B+24.4%	$64.3B+31.9%	$48.8B-3.7%	$50.7B+8.6%	$46.7B+5.1%	$44.4B+7.6%	$41.3B+4.8%	$39.4B+4.6%	$37.6B
Current Liabilities	$16.3B-0.2%	$16.3B-5.7%	$17.3B+9.7%	$15.8B-9.4%	$17.4B+28.3%	$13.6B+78.0%	$7.6B-81.7%	$41.7B+484.9%	$7.1B-5.8%	$7.6B+18.9%	$6.4B+7.5%	$5.9B-21.0%	$7.5B+19.8%	$6.3B-19.3%	$7.7B
Non-Current Liabilities	$92.5B+6.4%	$86.9B+4.6%	$83.1B+4.2%	$79.8B+23.4%	$64.7B+2.6%	$63.0B+191.4%	$21.6B-3.4%	$22.4B-45.9%	$41.4B-3.3%	$42.8B+7.0%	$40.0B+4.8%	$38.2B+14.0%	$33.5B+2.0%	$32.9B+10.9%	$29.6B
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	N/A	$22.1B+24.3%	$17.8B+9.5%	$16.2B+1.9%	$15.9B+5.8%	$15.1B+18.3%	$12.7B+1.6%	$12.5B+6.4%	$11.8B
Total Equity	$32.5B+7.9%	$30.1B+20.4%	$25.0B+9.7%	$22.8B+8.8%	$21.0B-0.1%	$21.0B+308.9%	$5.1B-59.4%	$12.7B-34.2%	$19.2B+7.1%	$17.9B+8.2%	$16.6B+5.3%	$15.7B+9.8%	$14.3B+9.7%	$13.1B+8.0%	$12.1B
Retained Earnings	-$650.0M+78.1%	-$3.0B+44.3%	-$5.3B+29.4%	-$7.5B+18.8%	-$9.3B-1.0%	-$9.2B-16.5%	-$7.9B-3056.8%	-$250.0M-103.8%	$6.6B+14.7%	$5.8B+8.5%	$5.3B-0.3%	$5.3B+12.1%	$4.7B-0.1%	$4.7B+0.7%	$4.7B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$145.1B+6.4%	$142.0B+4.8%	$141.6B+5.9%	$138.2B+4.5%	$136.4B+4.3%	$135.4B+6.1%	$133.7B+6.3%	$132.3B+7.6%
Current Assets	$15.4B+1.6%	$14.8B-12.4%	$15.8B-8.1%	$14.4B-18.0%	$15.2B-9.4%	$16.9B+10.9%	$17.2B+19.7%	$17.5B+37.0%
Cash & Equivalents	$972.0M+96.8%	$1.1B-44.1%	$713.0M-24.1%	$404.0M-54.9%	$494.0M-62.4%	$2.0B+207.4%	$940.0M+48.0%	$895.0M+52.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$70.0M-4.1%	$68.0M+51.1%	$75.0M+44.2%	$74.0M+45.1%	$73.0M+30.4%	$45.0M+2.3%	$52.0M-20.0%	$51.0M-22.7%
Accounts Receivable	$1.9B-7.0%	$1.9B-9.6%	$2.3B+2.1%	$2.3B+1.8%	$2.0B+2.2%	$2.1B-1.3%	$2.2B+8.4%	$2.3B+5.7%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$111.2B+5.7%	$108.7B+3.8%	$109.1B+5.4%	$106.3B+0.7%	$105.2B+0.6%	$104.8B+2.8%	$103.5B+2.8%	$105.5B+6.7%
Current Liabilities	$12.7B-21.7%	$12.3B-30.7%	$16.3B-0.2%	$15.3B-9.4%	$16.2B-12.7%	$17.8B+15.3%	$16.3B-5.7%	$16.9B+11.3%
Non-Current Liabilities	$98.3B+10.7%	$96.1B+10.9%	$92.5B+6.4%	$90.7B+2.7%	$88.8B+3.5%	$86.7B+0.6%	$86.9B+4.6%	$88.3B+5.9%
Long-Term Debt	$61.8B+14.4%	$60.1B+14.2%	$57.4B+7.1%	$55.5B+1.4%	$54.0B+2.5%	$52.7B-1.4%	$53.6B+5.1%	$54.7B+8.7%
Total Equity	$33.9B+8.7%	$33.3B+8.4%	$32.5B+7.9%	$32.0B+19.2%	$31.2B+18.8%	$30.7B+19.3%	$30.1B+20.4%	$26.8B+11.2%
Retained Earnings	$719.0M+136.9%	$97.0M+104.0%	-$650.0M+78.1%	-$1.2B+66.8%	-$1.9B+52.6%	-$2.4B+47.6%	-$3.0B+44.3%	-$3.6B+42.8%

Not reported in any period shown, so not listed: Goodwill.

PCG Cash Flow Statement

PCG quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$8.1B	$8.7B+8.5%	$8.0B+69.3%	$4.7B+27.6%	$3.7B+64.5%	$2.3B+111.8%	-$19.1B-497.2%	$4.8B+1.3%	$4.8B-20.5%	$6.0B+35.6%	$4.4B+16.6%	$3.8B+2.4%	$3.7B+7.7%	$3.4B-29.8%	$4.9B+30.6%	$3.7B
Stock-Based Compensation	N/A	$134.0M+36.7%	$98.0M+7.7%	$91.0M-20.9%	$115.0M+105.4%	$56.0M+60.0%	$35.0M-30.0%	$50.0M-43.8%	$89.0M+4.7%	$85.0M-21.3%	$108.0M+16.1%	$93.0M+19.2%	$78.0M+21.9%	$64.0M+12.3%	$57.0M+119.2%	$26.0M
Capital Expenditures	$12.4B	$11.8B+13.7%	$10.4B+6.7%	$9.7B+1.4%	$9.6B+24.6%	$7.7B0.0%	$7.7B+21.8%	$6.3B-3.1%	$6.5B+15.5%	$5.6B-1.2%	$5.7B+10.4%	$5.2B+7.0%	$4.8B-7.2%	$5.2B+12.6%	$4.6B+14.5%	$4.0B
Free Cash Flow	-$4.3B	-$3.1B-31.6%	-$2.3B+53.0%	-$5.0B+15.3%	-$5.9B-8.0%	-$5.4B+79.8%	-$26.8B-1691.6%	-$1.5B+15.0%	-$1.8B-624.4%	$336.0M+125.8%	-$1.3B+6.7%	-$1.4B-21.9%	-$1.1B+35.8%	-$1.8B-789.9%	$258.0M+186.3%	-$299.0M
Investing Cash Flow	-$12.2B	-$12.3B-8.3%	-$11.4B-24.2%	-$9.2B+10.3%	-$10.2B-47.9%	-$6.9B+10.9%	-$7.7B-21.5%	-$6.4B+2.8%	-$6.6B-16.2%	-$5.7B+1.8%	-$5.8B-10.4%	-$5.2B-10.5%	-$4.7B+7.7%	-$5.1B-12.8%	-$4.5B-13.5%	-$4.0B
Financing Cash Flow	$4.6B	$3.4B-7.2%	$3.6B-17.7%	$4.4B-38.3%	$7.1B+65.0%	$4.3B-83.3%	$25.9B+1671.0%	$1.5B-51.7%	$3.0B+5610.9%	-$55.0M-104.7%	$1.2B-16.5%	$1.4B+59.6%	$879.0M-44.2%	$1.6B+436.5%	-$468.0M-199.8%	$469.0M
Dividends Paid	N/A	N/A	$86.0M	$0	$0	N/A	N/A	$0	$0-100.0%	$1.0B+10.9%	$921.0M+7.6%	$856.0M+3.4%	$828.0M+5.9%	$782.0M+4.8%	$746.0M+6.0%	$704.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$906.0M-14.3%	$2.4B-14.7%	$2.0B+1.4%	$2.9B-8.9%	$1.1B+48.7%	$2.8B+26.0%	$1.9B+305.0%	$3.1B+73.0%
Capital Expenditures	$3.0B-3.2%	$3.4B+27.4%	$3.2B+11.6%	$2.9B+12.5%	$3.1B+33.4%	$2.6B-0.1%	$2.8B+8.2%	$2.6B+7.6%
Free Cash Flow	-$2.1B-2.6%	-$926.0M-534.7%	-$1.2B-33.5%	-$80.0M-115.2%	-$2.0B-26.5%	$213.0M+156.5%	-$896.0M+58.1%	$526.0M+186.1%
Investing Cash Flow	-$2.9B+4.9%	-$3.3B-1.2%	-$3.1B+2.9%	-$3.0B+0.4%	-$3.0B-30.9%	-$3.3B-11.4%	-$3.2B-28.8%	-$3.0B-30.7%
Financing Cash Flow	$1.7B+557.0%	$1.4B-13.6%	$1.3B+8.2%	$188.0M+141.0%	$256.0M-87.9%	$1.6B+112.5%	$1.2B-37.9%	-$459.0M-220.5%
Dividends Paid	N/A	N/A	N/A	$56.0M+166.7%	$55.0M+150.0%	$55.0M+161.9%	$22.0M	$21.0M

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Share Buybacks.

PCG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PCG quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	19.1%+0.8pp	18.3%+7.3pp	10.9%+2.5pp	8.5%-0.7pp	9.1%-0.4pp	9.5%+68.4pp	-58.9%-1.1pp	-57.9%-74.8pp	17.0%+5.2pp	11.8%+2.8pp	9.0%-5.4pp	14.3%+3.0pp	11.3%0.0pp	11.3%-1.7pp	13.0%
Net Margin	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%+7.1pp	-7.1%+37.5pp	-44.6%-3.8pp	-40.8%-50.5pp	9.7%+1.7pp	8.0%+2.7pp	5.3%-3.2pp	8.5%+3.2pp	5.3%-0.2pp	5.5%-0.2pp	5.7%
Return on Equity	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%+6.2pp	-6.2%+142.6pp	-148.8%-94.8pp	-54.0%-62.7pp	8.6%+0.8pp	7.8%+2.5pp	5.4%-3.9pp	9.2%+3.4pp	5.8%-0.6pp	6.3%-0.7pp	7.1%
Return on Assets	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%+1.3pp	-1.3%+7.6pp	-9.0%-0.1pp	-8.9%-11.3pp	2.4%+0.4pp	2.1%+0.7pp	1.4%-1.0pp	2.4%+0.9pp	1.5%-0.1pp	1.6%-0.1pp	1.7%
Current Ratio	0.97-0.1x	1.05+0.2x	0.830.0x	0.81+0.2x	0.64-0.1x	0.71-0.6x	1.33+1.1x	0.22-0.7x	0.88+0.1x	0.81-0.1x	0.91-0.2x	1.08+0.3x	0.800.0x	0.820.0x	0.84
Debt-to-Equity	1.760.0x	1.78-0.3x	2.04-0.1x	2.09+0.3x	1.820.0x	1.78-13.8x	15.59+13.8x	1.74+0.8x	0.920.0x	0.90-0.1x	0.960.0x	0.96+0.1x	0.89-0.1x	0.960.0x	0.97
Asset Turnover	0.180.0x	0.180.0x	0.190.0x	0.180.0x	0.200.0x	0.190.0x	0.200.0x	0.220.0x	0.250.0x	0.260.0x	0.270.0x	0.280.0x	0.280.0x	0.290.0x	0.30
FCF Margin	-12.3%-2.8pp	-9.6%+10.8pp	-20.3%+6.7pp	-27.0%-0.7pp	-26.3%	-145.2%	-8.7%+1.8pp	-10.5%-12.5pp	2.0%+9.3pp	-7.4%+0.9pp	-8.3%-1.6pp	-6.7%+4.7pp	-11.4%-13.1pp	1.7%+3.7pp	-2.0%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	21.4%+2.8pp	21.4%+1.0pp	18.0%+2.6pp	19.3%+2.0pp	18.6%-0.4pp	20.4%-1.4pp	15.4%-0.7pp	17.3%+10.5pp
Net Margin	12.9%+3.6pp	12.9%+2.3pp	-29.9%-2.2pp	13.6%+3.9pp	9.3%+0.6pp	10.6%-1.9pp	-27.7%-8.8pp	9.8%+3.8pp
Return on Equity	2.2%+0.5pp	2.7%+0.6pp	-6.2%-0.2pp	2.7%+0.5pp	1.8%-0.2pp	2.1%-0.8pp	-6.1%-0.8pp	2.2%+0.7pp
Return on Assets	0.5%+0.1pp	0.6%+0.1pp	-1.4%-0.1pp	0.6%+0.2pp	0.4%0.0pp	0.5%-0.1pp	-1.4%-0.3pp	0.4%+0.2pp
Current Ratio	1.22+0.3x	1.20+0.3x	0.97-0.1x	0.94-0.1x	0.940.0x	0.950.0x	1.05+0.2x	1.04+0.2x
Debt-to-Equity	1.82+0.1x	1.81+0.1x	1.760.0x	1.74-0.3x	1.73-0.3x	1.72-0.4x	1.78-0.3x	2.040.0x
Asset Turnover	0.040.0x	0.050.0x	0.050.0x	0.050.0x	0.040.0x	0.040.0x	0.050.0x	0.040.0x
FCF Margin	-34.9%-0.9pp	-13.5%-17.0pp	-17.6%-4.1pp	-1.3%-10.1pp	-34.1%-7.5pp	3.6%+10.0pp	-13.5%+16.8pp	8.8%+19.2pp

Not reported in any period shown, so not listed: Gross Margin.

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

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
PG&E Corporation PCG	FY2025	$24.9B	$3K	0.0%	$36.8B	46/100
WEC Energy Group, Inc. WEC	FY2025	$9.8B	$1.6B	15.9%	$33.4B	42/100
Consolidated Edison, Inc. ED	FY2025	$16.9B	$2.0M	0.0%	$38.2B	47/100
Entergy Corporation ETR	FY2025	$12.9B	$1.8B	13.7%	$47.7B	47/100
DTE Energy Company DTE	FY2025	N/A	$1.5B	N/A	$25.5B	—
Public Service Enterprise Group Incorporated PEG	FY2025	$12.2B	$2.1B	17.3%	$33.7B	63/100

Where PG&E Corporation Ranks

Frequently Asked Questions

What is PG&E Corporation's annual revenue?

PG&E Corporation (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 Corporation's revenue growing?

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

Is PG&E Corporation profitable?

Yes, PG&E Corporation (PCG) reported a net income of $3K in fiscal year 2025, with a net profit margin of 0.0%.

How much debt does PG&E Corporation have?

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

What is PG&E Corporation's operating margin?

PG&E Corporation (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 Corporation's net profit margin?

PG&E Corporation (PCG) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

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

PG&E Corporation (PCG) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

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

PG&E Corporation (PCG) recorded an outflow of $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 Corporation's operating cash flow?

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

What are PG&E Corporation's total assets?

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

What are PG&E Corporation's capital expenditures?

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

How many shares does PG&E Corporation have outstanding?

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

What is PG&E Corporation's current ratio?

PG&E Corporation (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 Corporation's debt-to-equity ratio?

PG&E Corporation (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 Corporation's return on assets (ROA)?

PG&E Corporation (PCG) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is PG&E Corporation's P/E ratio?

PG&E Corporation (PCG) trades at 79.4x earnings, its market capitalization divided by net income of $463.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $36.8B as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is PG&E Corporation's price-to-sales ratio?

PG&E Corporation (PCG) trades at 1.4x sales, its market capitalization divided by revenue of $25.8B revenue, trailing 12 months to June 30, 2026. The market capitalization is $36.8B as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

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

PG&E Corporation (PCG) has an Altman Z-Score of 0.48, 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 Corporation's Piotroski F-Score?

PG&E Corporation (PCG) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are PG&E Corporation's earnings high quality?

PG&E Corporation (PCG) reported $3K of net income while generating $8.7B in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. 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 Corporation cover its interest payments?

PG&E Corporation (PCG) has an interest coverage ratio of 1.57x, 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 Corporation?

PG&E Corporation (PCG) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.