What is Portland General's earnings per share (EPS)?

Portland General (POR) reported diluted earnings per share of $2.77 for fiscal year 2025. This represents a -8.0% 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.

Portland General Financials

POR

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

This page shows Portland General (POR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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 40/100

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

Profitability

Portland General has an operating margin of 15.5%, meaning the company retains $16 of operating profit per $100 of revenue. This results in a moderate score of 57/100, indicating healthy but not exceptional operating efficiency. This is up from 14.9% the prior year.

Growth

Portland General's revenue grew a modest 4.0% year-over-year to $3.6B. This slow but positive growth earns a score of 40/100.

Leverage

Portland General carries a low D/E ratio of 1.13, meaning only $1.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Portland General's current ratio of 1.08 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 17/100, which could limit financial flexibility.

Cash Flow

While Portland General generated $1.1B in operating cash flow, capex of $1.2B consumed most of it, leaving -$71.0M in free cash flow. This results in a low score of 20/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Portland General generates a 7.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is down from 8.3% the prior year.

Altman Z-Score Distress

1.01

Portland General scores 1.01, 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

Portland General passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

3.65x

For every $1 of reported earnings, Portland General generates $3.65 in operating cash flow ($1.1B OCF vs $306.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.4x

Portland General earns $2.4 in operating income for every $1 of interest expense ($555.0M vs $232.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.6B

YoY+4.0%

5Y CAGR+10.8%

Portland General generated $3.6B in revenue in fiscal year 2025. This represents an increase of 4.0% from the prior year.

EBITDA

$1.1B

YoY+12.4%

5Y CAGR+9.4%

10Y CAGR+6.3%

Portland General's EBITDA was $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.4% from the prior year.

Net Income

$306.0M

YoY-2.2%

5Y CAGR+14.6%

10Y CAGR+5.9%

Portland General reported $306.0M in net income in fiscal year 2025. This represents a decrease of 2.2% from the prior year.

EPS (Diluted)

$2.77

YoY-8.0%

5Y CAGR+10.0%

10Y CAGR+3.1%

Portland General earned $2.77 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 8.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$71.0M

YoY+85.5%

Portland General generated -$71.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 85.5% from the prior year.

Cash & Debt

$76.0M

YoY+533.3%

5Y CAGR-21.6%

10Y CAGR+34.2%

Portland General held $76.0M in cash against $4.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.08

YoY+5.1%

5Y CAGR+5.5%

10Y CAGR+5.8%

Portland General paid $2.08 per share in dividends in fiscal year 2025. This represents an increase of 5.1% from the prior year.

Shares Outstanding

116M

YoY+5.7%

5Y CAGR+5.2%

10Y CAGR+2.7%

Portland General had 116M shares outstanding in fiscal year 2025. This represents an increase of 5.7% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

15.5%

YoY+0.6pp

5Y CAGR+3.0pp

Portland General's operating margin was 15.5% in fiscal year 2025, reflecting core business profitability. This is up 0.6 percentage points from the prior year.

Net Margin

8.6%

YoY-0.5pp

5Y CAGR+1.3pp

Portland General's net profit margin was 8.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.5 percentage points from the prior year.

Return on Equity

7.4%

YoY-0.9pp

5Y CAGR+1.5pp

10Y CAGR-0.2pp

Portland General's ROE was 7.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.2B

YoY-6.2%

5Y CAGR+8.7%

10Y CAGR+7.1%

Portland General invested $1.2B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 6.2% from the prior year.

POR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$3.6B+4.0%	$3.4B+17.7%	$2.9B+10.4%	$2.6B+10.5%	$2.4B+11.7%	$2.1B
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	$392.0M-2.7%	$403.0M+18.2%	$341.0M+0.3%	$340.0M+1.2%	$336.0M+18.7%	$283.0M
Operating Income	$555.0M+8.4%	$512.0M+29.3%	$396.0M-0.3%	$397.0M+5.0%	$378.0M+40.5%	$269.0M
Interest Expense	$232.0M+10.0%	$211.0M+22.0%	$173.0M+10.9%	$156.0M+13.9%	$137.0M+0.7%	$136.0M
Income Tax	$53.0M+43.2%	$37.0M-17.8%	$45.0M+15.4%	$39.0M+69.6%	$23.0M	$0
Net Income	$306.0M-2.2%	$313.0M+37.3%	$228.0M-2.1%	$233.0M-4.5%	$244.0M+57.4%	$155.0M
EPS (Diluted)	$2.77-8.0%	$3.01+29.2%	$2.33-10.4%	$2.60-4.4%	$2.72+58.1%	$1.72

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$889.0M-6.6%	$952.0M+18.0%	$807.0M-13.0%	$928.0M+12.6%	$824.0M-11.3%	$929.0M+22.6%	$758.0M-18.4%	$929.0M
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	$101.0M+2.0%	$99.0M+3.1%	$96.0M0.0%	$96.0M-11.9%	$109.0M+6.9%	$102.0M+5.2%	$97.0M+2.1%	$95.0M
Operating Income	$95.0M-45.4%	$174.0M+47.5%	$118.0M-29.8%	$168.0M+90.9%	$88.0M-39.7%	$146.0M+25.9%	$116.0M-28.4%	$162.0M
Interest Expense	$59.0M-1.7%	$60.0M+5.3%	$57.0M+1.8%	$56.0M+1.8%	$55.0M+3.8%	$53.0M+1.9%	$52.0M+2.0%	$51.0M
Income Tax	-$1.0M-105.0%	$20.0M+66.7%	$12.0M-45.5%	$22.0M+266.7%	$6.0M-45.5%	$11.0M+57.1%	$7.0M-46.2%	$13.0M
Net Income	$41.0M-60.2%	$103.0M+66.1%	$62.0M-38.0%	$100.0M+163.2%	$38.0M-59.6%	$94.0M+30.6%	$72.0M-33.9%	$109.0M
EPS (Diluted)	N/A	$0.94+67.9%	$0.56-38.5%	$0.91	N/A	$0.90+30.4%	$0.69-36.1%	$1.08

POR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$13.2B+5.5%	$12.5B+11.9%	$11.2B+7.2%	$10.5B+10.2%	$9.5B+4.7%	$9.1B
Current Assets	$1.1B+4.6%	$1.0B+9.6%	$935.0M-22.7%	$1.2B+75.9%	$688.0M-4.6%	$721.0M
Cash & Equivalents	$76.0M+533.3%	$12.0M+140.0%	$5.0M-97.0%	$165.0M+217.3%	$52.0M-79.8%	$257.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$460.0M+0.9%	$456.0M+10.1%	$414.0M+4.0%	$398.0M+21.0%	$329.0M+21.4%	$271.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$9.1B+4.0%	$8.8B+10.9%	$7.9B+2.7%	$7.7B+13.2%	$6.8B+5.1%	$6.5B
Current Liabilities	$993.0M-11.3%	$1.1B+0.6%	$1.1B-25.7%	$1.5B+94.8%	$768.0M-5.8%	$815.0M
Long-Term Debt	$4.7B+7.1%	$4.4B+11.5%	$3.9B+15.3%	$3.4B+3.1%	$3.3B+13.8%	$2.9B
Total Equity	$4.1B+8.9%	$3.8B+14.3%	$3.3B+19.4%	$2.8B+2.7%	$2.7B+3.6%	$2.6B
Retained Earnings	$1.8B+4.5%	$1.7B+6.7%	$1.6B+2.6%	$1.5B+3.9%	$1.5B+6.0%	$1.4B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$13.2B+1.7%	$13.0B+2.6%	$12.7B-0.1%	$12.7B+1.2%	$12.5B+5.6%	$11.9B+2.6%	$11.6B-0.1%	$11.6B
Current Assets	$1.1B+1.2%	$1.1B+19.0%	$890.0M-8.6%	$974.0M-5.0%	$1.0B+7.9%	$950.0M+12.0%	$848.0M-21.6%	$1.1B
Cash & Equivalents	$76.0M-44.5%	$137.0M+144.6%	$56.0M+409.1%	$11.0M-8.3%	$12.0M-65.7%	$35.0M+483.3%	$6.0M-96.6%	$176.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$460.0M+1.1%	$455.0M+14.6%	$397.0M-16.1%	$473.0M+3.7%	$456.0M-0.7%	$459.0M+19.2%	$385.0M-6.6%	$412.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$9.1B+0.4%	$9.1B+2.7%	$8.8B-0.2%	$8.9B+1.2%	$8.8B+6.0%	$8.3B+1.9%	$8.1B-0.4%	$8.1B
Current Liabilities	$993.0M+0.8%	$985.0M+7.9%	$913.0M-1.0%	$922.0M-17.6%	$1.1B+15.1%	$972.0M+14.4%	$850.0M-4.0%	$885.0M
Long-Term Debt	$4.7B0.0%	$4.7B0.0%	$4.7B0.0%	$4.7B+7.1%	$4.4B0.0%	$4.4B0.0%	$4.4B0.0%	$4.4B
Total Equity	$4.1B+4.6%	$4.0B+2.5%	$3.9B+0.2%	$3.8B+1.3%	$3.8B+4.5%	$3.6B+4.2%	$3.5B+0.7%	$3.5B
Retained Earnings	$1.8B-1.1%	$1.8B+2.6%	$1.7B+0.2%	$1.7B+2.7%	$1.7B-1.0%	$1.7B+2.5%	$1.7B+1.2%	$1.6B

POR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.1B+43.7%	$778.0M+85.2%	$420.0M-37.7%	$674.0M+26.7%	$532.0M-6.2%	$567.0M
Capital Expenditures	$1.2B-6.2%	$1.3B-6.6%	$1.4B+77.3%	$766.0M+20.4%	$636.0M-18.9%	$784.0M
Free Cash Flow	-$71.0M+85.5%	-$490.0M+47.8%	-$938.0M-919.6%	-$92.0M+11.5%	-$104.0M+52.1%	-$217.0M
Investing Cash Flow	-$1.2B+7.8%	-$1.3B+4.5%	-$1.4B-79.2%	-$758.0M-15.5%	-$656.0M+16.6%	-$787.0M
Financing Cash Flow	$142.0M-73.0%	$526.0M-32.4%	$778.0M+294.9%	$197.0M+343.2%	-$81.0M-118.1%	$447.0M
Dividends Paid	$225.0M+12.5%	$200.0M+11.7%	$179.0M+13.3%	$158.0M+5.3%	$150.0M+7.1%	$140.0M
Share Buybacks	N/A	$0	$0-100.0%	$18.0M+50.0%	$12.0M	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$148.0M-63.3%	$403.0M+19.9%	$336.0M+45.5%	$231.0M+35.9%	$170.0M-30.3%	$244.0M+29.1%	$189.0M+8.0%	$175.0M
Capital Expenditures	$290.0M-4.3%	$303.0M+27.8%	$237.0M-34.0%	$359.0M-8.4%	$392.0M+54.9%	$253.0M-15.1%	$298.0M-8.3%	$325.0M
Free Cash Flow	-$142.0M-242.0%	$100.0M+1.0%	$99.0M+177.3%	-$128.0M+42.3%	-$222.0M-2366.7%	-$9.0M+91.7%	-$109.0M+27.3%	-$150.0M
Investing Cash Flow	-$280.0M+8.8%	-$307.0M-31.8%	-$233.0M+38.0%	-$376.0M+5.3%	-$397.0M-52.1%	-$261.0M+15.3%	-$308.0M+6.9%	-$331.0M
Financing Cash Flow	$71.0M+573.3%	-$15.0M+74.1%	-$58.0M-140.3%	$144.0M-29.4%	$204.0M+343.5%	$46.0M+190.2%	-$51.0M-115.6%	$327.0M
Dividends Paid	$58.0M0.0%	$58.0M+7.4%	$54.0M-1.8%	$55.0M+5.8%	$52.0M0.0%	$52.0M+8.3%	$48.0M0.0%	$48.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

POR 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	15.5%+0.6pp	14.9%+1.3pp	13.6%-1.4pp	15.0%-0.8pp	15.8%+3.2pp	12.5%
Net Margin	8.6%-0.5pp	9.1%+1.3pp	7.8%-1.0pp	8.8%-1.4pp	10.2%+2.9pp	7.2%
Return on Equity	7.4%-0.9pp	8.3%+1.4pp	6.9%-1.5pp	8.4%-0.6pp	9.0%+3.1pp	5.9%
Return on Assets	2.3%-0.2pp	2.5%+0.5pp	2.0%-0.2pp	2.2%-0.3pp	2.6%+0.9pp	1.7%
Current Ratio	1.08+0.2	0.92+0.1	0.84+0.0	0.81-0.1	0.90+0.0	0.88
Debt-to-Equity	1.13-0.0	1.15-0.0	1.18-0.0	1.220.0	1.21+0.1	1.10
FCF Margin	-2.0%+12.3pp	-14.2%+17.9pp	-32.1%-28.6pp	-3.5%+0.9pp	-4.3%+5.8pp	-10.1%

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	10.7%-7.6pp	18.3%+3.7pp	14.6%-3.5pp	18.1%+7.4pp	10.7%-5.0pp	15.7%+0.4pp	15.3%-2.1pp	17.4%
Net Margin	4.6%-6.2pp	10.8%+3.1pp	7.7%-3.1pp	10.8%+6.2pp	4.6%-5.5pp	10.1%+0.6pp	9.5%-2.2pp	11.7%
Return on Equity	1.0%-1.6pp	2.6%+1.0pp	1.6%-1.0pp	2.6%+1.6pp	1.0%-1.6pp	2.6%+0.5pp	2.1%-1.1pp	3.1%
Return on Assets	0.3%-0.5pp	0.8%+0.3pp	0.5%-0.3pp	0.8%+0.5pp	0.3%-0.5pp	0.8%+0.2pp	0.6%-0.3pp	0.9%
Current Ratio	1.080.0	1.08+0.1	0.97-0.1	1.06+0.1	0.92-0.1	0.98-0.0	1.00-0.2	1.22
Debt-to-Equity	1.13-0.1	1.18-0.0	1.210.0	1.21+0.1	1.15-0.1	1.20-0.1	1.250.0	1.26
FCF Margin	-16.0%-26.5pp	10.5%-1.8pp	12.3%+26.1pp	-13.8%+13.1pp	-26.9%-26.0pp	-1.0%+13.4pp	-14.4%+1.8pp	-16.2%

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Frequently Asked Questions

What is Portland General's annual revenue?

Portland General (POR) reported $3.6B in total revenue for fiscal year 2025. This represents a 4.0% 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 Portland General's revenue growing?

Portland General (POR) revenue grew by 4% year-over-year, from $3.4B to $3.6B in fiscal year 2025.

Is Portland General profitable?

Yes, Portland General (POR) reported a net income of $306.0M in fiscal year 2025, with a net profit margin of 8.6%.

What is Portland General's EBITDA?

Portland General (POR) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Portland General have?

As of fiscal year 2025, Portland General (POR) had $76.0M in cash and equivalents against $4.7B in long-term debt.

What is Portland General's operating margin?

Portland General (POR) had an operating margin of 15.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Portland General's net profit margin?

Portland General (POR) had a net profit margin of 8.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Portland General pay dividends?

Yes, Portland General (POR) paid $2.08 per share in dividends during fiscal year 2025.

What is Portland General's return on equity (ROE)?

Portland General (POR) has a return on equity of 7.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Portland General's free cash flow?

Portland General (POR) generated -$71.0M in free cash flow during fiscal year 2025. This represents a 85.5% 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 Portland General's operating cash flow?

Portland General (POR) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Portland General's total assets?

Portland General (POR) had $13.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Portland General's capital expenditures?

Portland General (POR) invested $1.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Portland General have outstanding?

Portland General (POR) had 116M shares outstanding as of fiscal year 2025.

What is Portland General's current ratio?

Portland General (POR) had a current ratio of 1.08 as of fiscal year 2025, which is considered adequate.

What is Portland General's debt-to-equity ratio?

Portland General (POR) had a debt-to-equity ratio of 1.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Portland General's return on assets (ROA)?

Portland General (POR) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Portland General's Altman Z-Score?

Portland General (POR) has an Altman Z-Score of 1.01, 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 Portland General's Piotroski F-Score?

Portland General (POR) 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 Portland General's earnings high quality?

Portland General (POR) has an earnings quality ratio of 3.65x, 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 Portland General cover its interest payments?

Portland General (POR) has an interest coverage ratio of 2.4x, meaning it can adequately 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 Portland General?

Portland General (POR) scores 40 out of 100 on our Financial Profile, indicating moderate 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.