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PG&E PCG Net margin

Net margin at other companies

Edison International logo
Edison InternationalEIX
18.1%+2.4pp
Sempra Energy logo
Sempra EnergySRE
17.1%-9.6pp
Public Service Enterprise Group logo
Public Service Enterprise GroupPEG
17.7%+0.7pp
CMS
CMS EnergyCMS
12.5%-0.6pp
Exelon logo
ExelonEXC
11.2%-0.2pp
Duke Energy logo
Duke EnergyDUK
15.7%+1.3pp

Other financials

Income statement

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Revenue$6.9B+15.0%
Operating income$1.5B+20.5%
Net income$885.0M+39.6%
EPS (diluted)$0.39+39.3%

Balance sheet

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Cash & equivalents$1.5B-38.1%
Total debt$62.3B+12.8%
Total equity$33.3B+8.4%
Total assets$141.95B+4.8%

Cash flow

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Operating cash flow$2.4B-14.7%
CapEx$3.4B+27.4%
Free cash flow-$926.0M-535%

Valuation

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Market cap$36.2B+2.5%
Enterprise value$97.03B+9.8%
P/E12.3×-2.4×
P/S1.4×0.0×

Profitability

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Operating margin19.4%+1.4pp

Returns & leverage

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Return on equity9.2%+0.7pp
Debt / equity1.9×+0.1×
Current ratio1.2×+0.3×

Where this comes from

Calculated from PG&E’s reported figures.

Based on trailing twelve months.

The official record: PG&E’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PG&E's net margin?
PG&E (PCG) reported net margin of 11.4% in Q1 2026.
How has PG&E's net margin changed year-over-year?
PG&E's net margin increased by 16.4% year-over-year, from 9.8% to 11.4%.
What is the long-term trend for PG&E's net margin?
Over 2 years (2023 to 2025), PG&E's net margin has grown at a 9.3% compound annual growth rate (CAGR), from 34.8% to 41.6%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.