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PG&E PCG Return on invested capital

Return on invested capital at other companies

Edison International logo
Edison InternationalEIX
9%+0.9pp
Sempra Energy logo
Sempra EnergySRE
4.1%-5.4pp
Public Service Enterprise Group logo
Public Service Enterprise GroupPEG
7.2%+0.6pp
Xcel Energy logo
Xcel EnergyXEL
4.7%-0.2pp
CMS
CMS EnergyCMS
5.1%-0.5pp
Exelon logo
ExelonEXC
5.8%-0.2pp

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
Net margin11.4%+1.6pp

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 return on invested capital?
PG&E (PCG) reported return on invested capital of 5.6% in Q1 2026.
How has PG&E's return on invested capital changed year-over-year?
PG&E's return on invested capital increased by 6.0% year-over-year, from 5.3% to 5.6%.
What is the long-term trend for PG&E's return on invested capital?
Over 4 years (2021 to 2025), PG&E's return on invested capital has grown at a 12.9% compound annual growth rate (CAGR), from 13% to 21.1%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.