PG&E Corp (PCG) Financial Statements
Industry: Electric & Other Services Combined
In fiscal 2025, PG&E reported revenue of $24.93B, up 2.1% from $24.42B the year before. Net income was $2.70B (a 10.8% net margin), or $1.18 per diluted share. Gross margin was 100.0% and operating margin was 19.0%. Operating activities generated $8.72B of cash, leaving -$3.07B of free cash flow. At fiscal year end, PG&E held $141.61B in total assets against $109.07B in total liabilities, including $713.0M of cash and equivalents.
Open the full interactive PG&E financials → Quarterly statements, key ratios, valuation history and price charts.
PG&E Key Stats
| Share Price | $13.33 |
|---|---|
| Market Cap | $30.46B |
| P/E Ratio | 11.3 |
| Revenue YoY Growth | +2.1% |
| 52-Week Range | $11.90 – $18.92 |
| Shares Outstanding | 2.20 billion (basic, 2026 Q2) |
PG&E Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $18.47B | $20.64B | $21.68B | $24.43B | $24.42B | $24.93B |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $18.47B | $20.64B | $21.68B | $24.43B | $24.42B | $24.93B |
| Operating Income | $1.75B | $1.88B | $1.84B | $2.67B | $4.46B | $4.75B |
| Pre-Tax Income | -$942.0M | $748.0M | $476.0M | $699.0M | $2.31B | $2.42B |
| Income Tax | $362.0M | $836.0M | -$1.34B | -$1.56B | -$200.0M | -$280.0M |
| Net Income | -$1.30B | -$88.0M | $1.81B | $2.26B | $2.51B | $2.70B |
| Diluted EPS | -$1.05 | -$0.05 | $0.84 | $1.05 | $1.15 | $1.18 |
PG&E Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $6.25B | $6.80B | $6.88B | $5.90B |
| Net Income | $850.0M | $670.0M | $885.0M | $761.0M |
| Diluted EPS | $0.37 | $0.30 | $0.39 | $0.33 |
PG&E Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $484.0M | $291.0M | $734.0M | $635.0M | $940.0M | $713.0M |
| Current Assets | $9.60B | $11.08B | $12.81B | $14.38B | $17.22B | $15.83B |
| Total Assets | $97.86B | $103.33B | $118.64B | $125.70B | $133.66B | $141.61B |
| Current Liabilities | $13.58B | $17.43B | $15.79B | $17.31B | $16.33B | $16.30B |
| Total Long-Term Debt | $37.32B | $42.71B | $50.01B | $52.35B | $55.72B | $58.21B |
| Total Liabilities | $76.86B | $82.36B | $95.82B | $100.66B | $103.51B | $109.07B |
| Shareholders' Equity | $21.00B | $20.97B | $22.82B | $25.04B | $30.15B | $32.54B |
PG&E Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$19.13B | $2.26B | $3.72B | $4.75B | $8.04B | $8.72B |
| Cash From Investing | -$7.75B | -$6.91B | -$10.21B | -$9.16B | -$11.38B | -$12.32B |
| Cash From Financing | $25.93B | $4.32B | $7.13B | $4.40B | $3.62B | $3.36B |
| Free Cash Flow | -$26.82B | -$5.43B | -$5.86B | -$4.97B | -$2.33B | -$3.07B |
Figures from PG&E's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full PG&E financials page for every line item.
PG&E Company Profile
| Ticker | PCG |
|---|---|
| Exchange | NYSE |
| Industry | Electric & Other Services Combined |
| Headquarters | Oakland, California |
| Incorporated in | California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001004980 |
Frequently Asked Questions
What was PG&E's revenue in fiscal 2025?
PG&E (PCG) reported revenue of $24.93B for fiscal 2025.
What is PG&E's annual revenue history?
PG&E's annual revenue by fiscal year: 2020: $18.47B; 2021: $20.64B; 2022: $21.68B; 2023: $24.43B; 2024: $24.42B; 2025: $24.93B.
What was PG&E's net income in fiscal 2025?
PG&E reported net income of $2.70B for fiscal 2025.
What was PG&E's earnings per share (EPS) in fiscal 2025?
PG&E's diluted EPS was $1.18 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did PG&E generate in fiscal 2025?
PG&E generated -$3.07B of free cash flow in fiscal 2025.
What was PG&E's revenue last quarter?
In its most recent reported quarter (2026 Q2), PG&E reported revenue of $5.90B.
How much debt does PG&E have?
PG&E reported $58.21B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of PG&E are outstanding?
PG&E reported a weighted average of 2.20 billion basic shares outstanding in 2026 Q2.
What is PG&E's market cap?
Based on its latest closing price, PG&E (PCG) has a market capitalization of about $30.46B.
When does PG&E's fiscal year end?
PG&E's fiscal year end, as registered with the SEC, is December 31.
Where is PG&E headquartered?
PG&E lists its business address in Oakland, California in its SEC filings.