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Other financials

Income statement

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Revenue$879.0M-5.3%
Operating income$107.0M-36.3%
Net income$45.0M-55.0%
EPS (diluted)$0.38-58.2%

Balance sheet

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Cash & equivalents$8.0M-27.3%
Total debt$5.0B-1.6%
Total equity$4.1B+7.2%
Total assets$13.2B+4.0%

Cash flow

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Operating cash flow$268.0M+16.0%
CapEx$259.0M-27.9%
Free cash flow$9.0M+107%

Valuation

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Market cap$5.71B+23.8%
Enterprise value$10.65B+11.2%
P/E22.7×+7.1×
P/S1.6×+0.3×

Profitability

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Operating margin14%-1.1pp
Net margin7.1%-1.7pp
FCF margin-13.6%-4.3pp

Returns & leverage

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Return on equity6.3%-2.0pp
Debt / equity1.2×-0.1×
Current ratio1.1×0.0×

Where this comes from

Reported directly by Portland General Electric in its filing.

Tagged under the XBRL concept us-gaap:ShareBasedCompensation.

The source filing: Portland General Electric’s 10-K, filed February 17, 2026.

Filed
Feb 17, 2026, 6:06 AM EST
Fiscal year
FY2025
Accession
0001193125-26-052750
Line itemYears Ended December 31, 2025Years Ended December 31, 2024Years Ended December 31, 2023
Allowance for equity funds used during construction(18)(23)(19)
Pension and other postretirement benefits1265
Alternative revenue programs(21)40(11)
Stock-based compensation162417
Regulatory assets24(126)20
Regulatory liabilities(21)(20)24
Tax credit sales17911224
Other non-cash income and expenses, net645740

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

FAQ

What is Portland General Electric's stock-based comp?
Portland General Electric (POR) reported stock-based comp of $4M in Q4 2025.
How has Portland General Electric's stock-based comp changed year-over-year?
Portland General Electric's stock-based comp decreased by 33.3% year-over-year, from $6M to $4M.
What is the long-term trend for Portland General Electric's stock-based comp?
Over 4 years (2021 to 2025), Portland General Electric's stock-based comp has grown at a 3.4% compound annual growth rate (CAGR), from $14M to $16M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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