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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
Xcel Energy logo
Xcel EnergyXEL
4.7%-0.2pp
CMS
CMS EnergyCMS
5.1%-0.5pp
Exelon logo
ExelonEXC
5.7%-0.2pp
NorthWestern Energy Group, Inc. logo
NorthWestern Energy Group, Inc.NWE
5.2%-0.8pp

Other financials

Income statement

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Revenue$5.9B+0.1%
Operating income$1.3B+15.2%
Net income$761.0M+38.6%
EPS (diluted)$0.33+37.5%

Balance sheet

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Cash & equivalents$1.2B+70.8%
Total debt$63.6B+13.6%
Total equity$33.9B+8.7%
Total assets$145.08B+6.4%

Cash flow

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Operating cash flow$906.0M-14.3%
CapEx$3.0B-3.2%
Free cash flow-$2.1B-2.6%

Valuation

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Market cap$38.28B+15.8%
Enterprise value$100.68B+13.9%
P/E12.1×-1.5×
P/S1.5×+0.1×

Profitability

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Operating margin20%+2.1pp
Net margin12.3%+2.3pp
FCF margin-16.5%

Returns & leverage

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Return on equity9.7%+1.2pp
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 source filing: PG&E’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 22, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001004980-26-000048

FAQ

What is PG&E's return on invested capital?
PG&E (PCG) reported return on invested capital of 5.7% in Q2 2026.
How has PG&E's return on invested capital changed year-over-year?
PG&E's return on invested capital increased by 10.2% year-over-year, from 5.1% to 5.7%.
What is the long-term trend for PG&E's return on invested capital?
Over 5 years (2020 to 2025), PG&E's return on invested capital has grown at a 1.0% compound annual growth rate (CAGR), from 5.1% to 5.4%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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