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Pacific Gas & Electric Co.

PCG Utilities Utilities Regulated Electric

Pacific Gas & Electric Co.’s revenue for fiscal 2025 (year ended December 2025) was $24.9 billion, up 2.11% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 37.5%, free cash flow fell 2.64% and total debt rose 8.52%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

13.10 0.14 +1.08%
Market cap
$28.5B
P/E
9.5×
Fwd P/E
11.2×
Dividend yield
1.53%
F-score
3/9
Altman Z
0.47
Beneish M
−2.68
Dividend safety
33/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 0.21
Total sells 7.90
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 1 — — — — — — — — — 1 —
Sell — — — 2 3 2 — 2 2 — 1 —
Insider Ownership 0.54%

Capital & Financial Ratios $m

Market Cap 28,540.00
Revenue 25,837.00
Net Income 3,166.00
Free Cash Flow (4,263.00)
Net Debt 62,997.00
Current Ratio 1.22
Debt/Equity 1.88
P/E ratio 9.49
Fwd P/E 11.20
P/S ratio 1.12
P/B ratio 0.89
Past 5Y EPS Growth —
This Y EPS Growth 10.23%
Next Y EPS Growth 8.73%
Next Y revenue growth 2.38%
Next 5Y EPS Growth 9.21%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.6×, against a ten-year median of 3.2×; over the ten years it ranged from 0.2× in 2019 to 4.2× in 2024.
P/E against its own 10 years 0.82%
10-year low 10-year high
P/S against its own 10 years 28.71%
10-year low 10-year high
P/B against its own 10 years 13.79%
10-year low 10-year high
EV/Sales against its own 10 years 63.51%
10-year low 10-year high

Dividends

Payout Ratio 0.14
Annual Dividend Rate 0.20
Annual Dividend Yield 1.53%
total individual payouts
2026 0.15
0.05
0.05
0.05
2025 0.25
0.03
0.03
0.03
0.05
2024 0.06
0.01
0.01
0.01
0.03
2023 0.01
0.01
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 1.55
0.49
0.53
0.53
2016 1.93
0.46
0.49
0.49
0.49
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 932 1,213 972 1,221
Receivables 3,542 4,030 3,986 3,706
Inventory 870 820 820 855
Other 9,039 11,153 10,052 9,622
14,383 17,216 15,830 15,404
2023 2024 2025 Q'26
Payables 4,829 6,665 7,401 6,066
ST’ Debt 5,347 3,669 3,496 2,450
Other 6,120 4,574 4,549 3,227
17,314 16,330 16,300 12,667

Compound Annual Growth %

10y 5y 3y
Sales 4.01% 6.19% 4.77%
Cash Flow 8.71% 0.00% 32.81%
Earnings 11.49% 0.00% 12.94%
Book Value 6.90% 9.06% 12.43%

Revenue $m

Mar Jun Sep Dec Year
’26 6,881 5,902 — — —
’25 5,983 5,898 6,250 6,804 24,935
’24 5,861 5,986 5,941 6,631 24,419
’23 6,209 5,290 5,888 7,041 24,428
’22 5,798 5,118 5,394 5,370 21,680
’21 4,716 5,215 5,465 5,246 20,642
’20 4,306 4,533 4,882 4,748 18,469
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 2,430 906 — — —
’25 2,848 1,057 2,851 1,960 8,716
’24 2,261 711 3,131 1,932 8,035
’23 1,185 1,275 1,810 477 4,747
’22 1,661 (22) 1,073 1,009 3,721
’21 1,198 32 823 209 2,262
’20 1,605 1,686 (22,510) 89 (19,130)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (926) (2,061) — — —
’25 213 (2,008) (80) (1,196) (3,071)
’24 (377) (1,587) 526 (896) (2,334)
’23 (1,103) (1,117) (611) (2,136) (4,967)
’22 (649) (2,251) (1,799) (1,164) (5,863)
’21 (580) (1,810) (1,025) (2,012) (5,427)
’20 (36) (72) (24,586) (2,126) (26,820)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.39 0.33 — — —
’25 0.28 0.24 0.37 0.29 1.18
’24 0.34 0.24 0.27 0.30 1.15
’23 0.27 0.19 0.16 0.43 1.05
’22 0.22 0.17 0.21 0.24 0.84
’21 0.06 0.18 (0.55) 0.22 (0.05)
’20 0.57 (3.73) 0.04 0.09 (1.05)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 50.65 41.61 17.26 3.55 6.25 8.24 9.64 14.71 15.94 12.97

Analyst estimates 2026–2028

Powerpack
High 65.43 71.57 49.42 25.19 18.34 12.66 16.49 18.32 21.72 20.43
People
People Employees 24,000 23,000 24,000 23,000 24,000 26,000 26,010 28,010 28,410 29,010
Revenue/emp, $m 0.74 0.75 0.70 0.74 0.77 0.79 0.83 0.87 0.86 0.86
Income, $m
Income, $m Revenue 17,666 17,135 16,759 17,129 18,469 20,642 21,680 24,428 24,419 24,935
Gross margin, % 69.55 70.50 73.15 77.65 78.89 78.78 77.60 82.82 85.86 85.10
EBT 1,462 2,171 (10,129) (11,042) (942) 748 476 699 2,312 2,423
EBT margin, % 8.28 12.67 (60.44) (64.46) (5.10) 3.62 2.20 2.86 9.47 9.72
Net income 1,407 1,660 (6,837) (7,642) (1,304) (88) 1,814 2,256 2,512 2,703
Depreciation 2,755 2,854 3,036 3,234 3,468 3,403 3,856 3,738 4,189 4,634
Per share, $
Per share, $ Revenue 35.40 33.47 32.42 32.44 14.69 10.40 10.91 11.84 11.41 11.35
Earnings 2.79 3.21 (13.25) (14.50) (1.05) (0.05) 0.91 1.09 1.16 1.18
Cash flow 8.84 11.67 9.19 9.12 (15.22) 1.14 1.87 2.30 3.75 3.97
Capex (11.44) (11.02) (12.60) (11.96) (6.12) (3.87) (4.82) (4.71) (4.84) (5.36)
Free cash flow (2.61) 0.66 (3.41) (2.84) (21.34) (2.73) (2.95) (2.41) (1.09) (1.40)
Book value 36.46 38.03 24.96 10.20 16.91 10.69 11.61 12.25 14.20 14.93
Shares, m 499 512 517 528 1,257 1,985 1,987 2,064 2,141 2,197
Valuation, ×
Valuation, × P/E 21.87 13.86 0.00 0.00 0.00 0.00 17.62 16.56 17.55 13.62
P/S 1.71 1.33 0.73 0.34 0.85 1.17 1.44 1.53 1.77 1.42
P/B 1.66 1.17 0.95 1.07 0.74 1.14 1.35 1.47 1.50 1.13
EV/Sales 2.74 2.42 3.04 1.76 3.03 3.33 3.79 3.82 4.06 3.82
EV/FCF (37.22) 123.39 (28.95) (20.13) (2.08) (12.66) (14.03) (18.76) (42.52) (31.01)
Cash, $m
Cash, $m Operating cash flow 4,409 5,977 4,752 4,816 (19,130) 2,262 3,721 4,747 8,035 8,716
Capex (5,709) (5,641) (6,514) (6,313) (7,690) (7,689) (9,584) (9,714) (10,369) (11,787)
Free cash flow (1,300) 336 (1,762) (1,497) (26,820) (5,427) (5,863) (4,967) (2,334) (3,071)
Balance, $m
Balance, $m Working capital (1,400) (848) (32,500) 2,534 (3,979) (6,350) (2,973) (2,931) 886 (470)
Total debt 18,436 19,129 22,003 25,971 40,863 44,890 52,065 56,876 57,242 60,885
Net debt 18,259 18,680 20,335 24,394 40,236 44,583 51,118 55,944 56,029 59,913
Shareholders’ equity 18,192 19,472 12,903 5,388 21,253 21,223 23,075 25,292 30,401 32,792
Returns, %
Returns, % ROA 2.11 2.41 (9.45) (9.44) (1.44) (0.10) 1.62 1.84 1.91 1.88
ROIC 3.57 4.76 (18.24) (21.18) 1.78 1.79 1.55 2.05 3.22 3.20
ROE 7.96 8.74 (42.32) (83.71) (9.89) (0.48) 8.13 9.27 9.15 8.64
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Pacific Gas & Electric Co. vs peers in Utilities Regulated Electric (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WEC WEC Energy Group, Inc. $34.6B 21.0× 20.2× +2.62% (above 0%: growing) +19.48% (above 0%: growing) −1,365.55% (below 0%: shrinking) 73.06% 20.99% Compare
AEE Ameren Corporation $28.7B 18.5× 20.3× −5.81% (below 0%: shrinking) +11.76% (above 0%: growing) −51.22% (below 0%: shrinking) 73.90% 21.94% Compare
PCG Pacific Gas & Electric Co. $28.5B 9.5× 11.2× +0.07% (above 0%: growing) +37.50% (above 0%: growing) −2.64% (below 0%: shrinking) 84.50% 21.40%
FTS Fortis $27.9B 22.6× 21.5× +4.02% (above 0%: growing) +1.82% (above 0%: growing) +29.48% (above 0%: growing) 45.92% 27.43% Compare
DTE DTE Energy Company $26.7B 20.5× 19.4× −1.46% (below 0%: shrinking) +22.73% (above 0%: growing) −179.77% (below 0%: shrinking) 51.91% 13.59% Compare
FE FirstEnergy Corporation $26.4B 24.6× 16.8× +8.82% (above 0%: growing) +8.70% (above 0%: growing) −143.84% (below 0%: shrinking) 64.30% 18.41% Compare
CNP CenterPoint Energy, Inc. $26.2B 23.9× 22.8× +10.70% (above 0%: growing) +23.33% (above 0%: growing) −4.04% (below 0%: shrinking) 86.94% 24.81% Compare
PPL PPL Corporation $26.0B 20.7× 18.6× +4.25% (above 0%: growing) +24.00% (above 0%: growing) −112.80% (below 0%: shrinking) 71.67% 22.50% Compare
ES Eversource Energy $24.9B 17.3× 15.4× +2.29% (above 0%: growing) −85.42% (below 0%: shrinking) +398.93% (above 0%: growing) 67.64% 18.63% Compare
Median of peers $26.5B 20.8× 19.8× +3.32% +15.62% −82.01% 69.66% 21.47%

All 40 Utilities Regulated Electric stocks →

PCG metrics, ten years each

Pacific Gas & Electric Co. (PCG) key facts

  • Strength: Pacific Gas & Electric Co.’s revenue for fiscal 2025 (year ended December 2025) was $24.9 billion, up 2.11% from fiscal 2024.
  • Strength: Net income was $2.7 billion, or $1.18 per share (basic), a net margin of 10.4%.
  • Pacific Gas & Electric Co. (PCG) is an Utilities Regulated Electric company in the Utilities sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, PCG traded at $13.10, a market capitalization of $28.5 billion.
  • At that price the stock trades at 9.5× trailing-twelve-month earnings and 1.1× sales; its P/E is higher than 1% of its own readings over the past ten years.
  • Pacific Gas & Electric Co. pays an annual dividend of $0.20 per share, a yield of 1.53%, with a payout ratio of 14.5%.
  • Return on equity was 8.64% and debt-to-equity 1.88.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 0.47 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Pacific Gas & Electric Co. (PCG) Latest News

31 Aug

Impact 5 ·
stockrow.com/PCG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com