PG&E (PCG) Financials

$17.05 +0.15 (+0.86%)

Closing price 05/29/2025 03:59 PM Eastern

Extended Trading

$17.03 -0.02 (-0.09%)

As of 05/29/2025 07:12 PM Eastern

Annual Income Statements for PG&E

This table shows PG&E's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,475	2,242	1,800	-102	-1,318	-7,656	-6,851	1,646	1,393	874
Consolidated Net Income / (Loss)	2,512	2,256	1,814	-88	-1,304	-7,642	-6,837	1,660	1,407	888
Net Income / (Loss) Continuing Operations	2,512	2,256	1,814	-88	-1,304	-7,642	-6,837	1,660	1,407	888
Total Pre-Tax Income	2,312	699	476	748	-942	-11,042	-10,129	2,171	1,462	861
Total Operating Income	4,459	2,671	1,837	1,883	1,755	-10,094	-9,700	2,905	2,080	1,508
Total Gross Profit	20,933	18,964	7,015	6,061	5,887	13,300	5,107	5,759	12,286	4,120
Total Revenue	24,386	23,161	21,680	20,642	18,469	17,129	16,759	17,135	17,666	16,833
Operating Revenue	24,386	23,161	21,680	20,642	18,469	17,129	16,759	17,135	17,666	16,833
Total Cost of Revenue	3,453	4,197	14,665	14,581	12,582	3,829	11,652	11,376	5,380	12,713
Operating Cost of Revenue	3,453	4,197	14,665	14,581	12,582	3,829	11,652	11,376	5,380	12,713
Total Operating Expenses	16,474	16,293	5,178	4,178	4,132	23,394	14,807	2,854	10,206	2,612
Depreciation Expense	4,189	3,738	3,856	3,403	3,468	3,234	3,036	2,854	2,755	2,612
Other Operating Expenses / (Income)	11,902	11,988	845	258	251	20,160	11,771	0.00	7,451	-
Other Special Charges / (Income)	383	567	477	517	413	0.00	0.00	-	-	-
Total Other Income / (Expense), net	-2,147	-1,972	-1,361	-1,135	-2,697	-948	-429	-734	-618	-647
Interest Expense	3,051	2,850	1,917	1,601	1,260	934	929	888	829	773
Interest & Investment Income	604	606	162	20	39	82	76	-	23	9.00
Other Income / (Expense), net	300	272	394	446	-1,476	-96	424	154	188	117
Income Tax Expense	-200	-1,557	-1,338	836	362	-3,400	-3,292	511	55	-27
Preferred Stock Dividends Declared	37	14	14	14	14	14	28	14	14	14
Basic Earnings per Share	$1.16	$1.09	$0.91	($0.05)	($1.05)	($14.50)	($13.25)	$3.21	$2.79	$1.81
Weighted Average Basic Shares Outstanding	2.14B	2.06B	1.99B	1.99B	1.26B	528M	517M	512M	499M	484M
Diluted Earnings per Share	$1.15	$1.05	$0.84	($0.05)	($1.05)	($14.50)	($13.25)	$3.21	$2.78	$1.79
Weighted Average Diluted Shares Outstanding	2.15B	2.14B	2.13B	1.99B	1.26B	528M	517M	513M	501M	487M
Weighted Average Basic & Diluted Shares Outstanding	2.94B	5.49B	5.20B	5.19B	2.25B	793.63M	517.10M	512.80M	-	757.21M
Cash Dividends to Common per Share	$0.06	-	-	-	-	-	-	-	-	$0.00

This table shows PG&E's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	607	647	576	520	732	919	348	406	569	513	456
Consolidated Net Income / (Loss)	634	674	579	524	735	923	351	410	572	517	459
Net Income / (Loss) Continuing Operations	634	674	579	524	735	923	351	410	572	517	459
Total Pre-Tax Income	673	459	473	606	774	465	-65	75	224	-192	362
Total Operating Income	1,220	1,020	1,029	1,134	1,276	1,135	401	506	629	130	726
Total Gross Profit	2,442	8,676	4,984	2,262	5,011	8,020	4,538	1,908	4,498	1,847	1,855
Total Revenue	5,983	6,631	5,908	5,986	5,861	6,393	5,542	5,290	5,936	5,370	5,394
Operating Revenue	5,983	6,631	5,908	5,986	5,861	6,393	5,542	5,290	5,936	5,370	5,394
Total Cost of Revenue	3,541	-2,045	924	3,724	850	-1,627	1,004	3,382	1,438	3,523	3,539
Operating Cost of Revenue	3,541	-2,045	924	3,724	850	-1,627	1,004	3,382	1,438	3,523	3,539
Total Operating Expenses	1,222	7,656	3,955	1,128	3,735	6,885	4,137	1,402	3,869	1,717	1,129
Depreciation Expense	1,097	1,055	1,059	1,053	1,022	853	811	997	1,077	941	1,002
Other Operating Expenses / (Income)	49	6,513	2,757	-3.00	2,635	5,918	3,107	288	2,675	652	9.00
Other Special Charges / (Income)	76	88	139	78	78	114	219	117	117	124	118
Total Other Income / (Expense), net	-547	-561	-556	-528	-502	-670	-466	-431	-405	-322	-364
Interest Expense	734	729	795	812	715	926	682	640	602	562	525
Interest & Investment Income	117	109	156	202	137	197	154	143	112	92	43
Other Income / (Expense), net	70	59	83	82	76	59	62	66	85	148	118
Income Tax Expense	39	-215	-106	82	39	-458	-416	-335	-348	-709	-97
Preferred Stock Dividends Declared	27	27	3.00	4.00	3.00	4.00	3.00	4.00	3.00	4.00	3.00
Basic Earnings per Share	$0.28	$0.31	$0.27	$0.24	$0.34	$0.44	$0.16	$0.20	$0.29	$0.26	$0.23
Weighted Average Basic Shares Outstanding	2.20B	2.14B	2.14B	2.14B	2.13B	2.06B	2.11B	2.02B	1.99B	1.99B	1.99B
Diluted Earnings per Share	$0.28	$0.30	$0.27	$0.24	$0.34	$0.43	$0.16	$0.19	$0.27	$0.24	$0.21
Weighted Average Diluted Shares Outstanding	2.20B	2.15B	2.14B	2.14B	2.14B	2.14B	2.14B	2.14B	2.13B	2.13B	2.13B
Weighted Average Basic & Diluted Shares Outstanding	2.94B	2.94B	2.88B	2.88B	2.88B	5.49B	5.49B	5.40B	5.21B	5.20B	5.20B
Cash Dividends to Common per Share	$0.03	-	$0.01	-	-	-	-	-	-	-	-

This table details how cash moves in and out of PG&E's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	281	-15	640	-320	-950	-98	1,064	8,304	6,845	-
Net Cash From Operating Activities	8,035	4,747	3,721	2,262	-19,130	4,816	4,752	5,888	5,558	-
Net Cash From Continuing Operating Activities	8,035	4,747	3,721	2,262	-19,130	4,816	4,752	5,888	5,558	-
Net Income / (Loss) Continuing Operations	2,512	2,256	1,814	-88	-1,304	-7,642	-6,837	1,660	2,809	-
Consolidated Net Income / (Loss)	2,512	2,256	1,814	-88	-1,304	-7,642	-6,837	1,660	2,809	-
Depreciation Expense	4,189	3,738	3,856	3,403	3,468	3,234	3,036	2,854	2,755	-
Non-Cash Adjustments To Reconcile Net Income	531	522	442	877	-3,162	735	13,620	-82	1,704	-
Changes in Operating Assets and Liabilities, net	803	-1,769	-2,391	-1,930	-18,132	8,489	1,485	1,666	4,528	-
Net Cash From Investing Activities	-11,375	-9,162	-10,214	-6,905	-7,748	-6,378	-6,564	1,314	-44	-
Net Cash From Continuing Investing Activities	-11,375	-9,162	-10,214	-6,905	-7,748	-6,378	-6,564	1,314	-44	-
Purchase of Property, Plant & Equipment	-10,369	-9,714	-9,584	-7,689	-7,690	-6,313	-	-	-	-
Purchase of Investments	-2,521	-2,252	-4,230	-1,702	-1,590	-1,032	-	-	-	-
Sale and/or Maturity of Investments	2,378	2,791	3,566	1,678	1,518	956	2,897	1,291	2,647	-
Other Investing Activities, net	-863	13	34	59	14	11	-23	-23	-13	-
Net Cash From Financing Activities	3,621	4,400	7,133	4,323	25,928	1,464	2,876	1,102	1,331	-
Net Cash From Continuing Financing Activities	3,621	4,400	7,133	4,323	25,928	1,464	2,876	1,102	1,331	-
Repayment of Debt	-13,581	-10,330	-15,965	-11,242	-6,862	-471	-202	-840	-53	-
Payment of Dividends	-86	0.00	0.00	-	-	-	-	1,021	-921	-
Issuance of Debt	13,776	14,898	22,837	14,354	23,999	1,850	7,673	3,963	1,483	-
Issuance of Preferred Equity	1,579	0.00	0.00	-	-	-	-	-	-	-
Issuance of Common Equity	1,128	0.00	0.00	-	8,886	0.00	0.00	-	822	-
Other Financing Activities, net	805	-168	261	1,211	-95	85	45	-	0.00	-
Cash Interest Paid	2,421	2,286	1,607	1,404	1,563	10	786	790	726	-

This table details how cash moves in and out of PG&E's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	1,193	-17	-322	532	88	-30	-100	-353	468	540	92
Net Cash From Operating Activities	2,848	1,932	3,131	711	2,261	477	1,810	1,275	1,185	1,009	1,073
Net Cash From Continuing Operating Activities	2,848	1,932	3,131	711	2,261	477	1,810	1,275	1,185	1,009	1,073
Net Income / (Loss) Continuing Operations	634	674	579	524	735	923	351	410	572	517	459
Consolidated Net Income / (Loss)	634	674	579	524	735	923	351	410	572	517	459
Depreciation Expense	1,097	1,055	1,059	1,053	1,022	853	811	997	1,077	941	1,002
Non-Cash Adjustments To Reconcile Net Income	176	-8.00	248	143	148	-483	478	271	256	-36	167
Changes in Operating Assets and Liabilities, net	941	211	1,245	-1,009	356	-816	170	-403	-720	-413	-555
Net Cash From Investing Activities	-3,264	-3,156	-2,994	-2,295	-2,930	-2,451	-2,291	-2,280	-2,140	-1,896	-3,338
Net Cash From Continuing Investing Activities	-3,264	-3,156	-2,994	-2,295	-2,930	-2,451	-2,291	-2,280	-2,140	-1,896	-3,338
Purchase of Property, Plant & Equipment	-2,635	-2,828	-2,605	-2,298	-2,638	-2,613	-2,421	-2,392	-2,288	-2,173	-2,872
Purchase of Investments	-986	-576	-428	-683	-834	-950	-500	-499	-303	-1,084	-1,320
Sale and/or Maturity of Investments	377	677	483	680	538	1,110	626	609	446	1,431	766
Other Investing Activities, net	-20	-429	-444	6.00	4.00	2.00	4.00	2.00	5.00	-70	88
Net Cash From Financing Activities	1,609	1,207	-459	2,116	757	1,944	381	652	1,423	1,427	2,357
Net Cash From Continuing Financing Activities	1,609	1,207	-459	2,116	757	1,944	381	652	1,423	1,427	2,357
Repayment of Debt	-24	-2,251	-5,946	-1,236	-4,148	-543	-1,717	-3,213	-4,857	-2,617	-3,614
Payment of Dividends	-55	-22	-21	-22	-21	-	-	-	0.00	-	-
Issuance of Debt	1,735	838	5,151	3,070	4,717	2,550	2,122	3,932	6,294	3,783	5,971
Issuance of Preferred Equity	-23	-	-	-	-	-	-	-	-	-	-
Other Financing Activities, net	-24	-65	357	304	209	-63	-24	-67	-14	-	-
Cash Interest Paid	707	510	712	487	712	525	693	470	598	312	592

This table presents PG&E's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	133,660	125,698	118,644	57,290	97,856	85,196	76,995	68,012	68,598	63,234
Total Current Assets	17,216	14,383	12,815	8,271	9,602	10,165	9,195	6,281	6,164	5,813
Cash & Equivalents	940	635	734	291	484	1,570	1,668	449	177	123
Restricted Cash	273	297	213	16	143	7.00	-	-	0.00	234
Accounts Receivable	5,517	3,542	4,269	1,784	3,055	6,987	3,834	2,104	2,053	1,392
Inventories, net	820	870	842	596	628	647	554	481	463	439
Other Current Assets	9,666	9,039	6,757	5,584	5,292	954	3,116	3,247	3,311	3,470
Plant, Property, & Equipment, net	88,229	82,321	76,208	3,479	66,136	61,635	58,557	53,789	50,581	46,723
Plant, Property & Equipment, gross	246,254	114,627	107,135	3,479	93,894	88,090	83,272	77,248	72,595	67,342
Accumulated Depreciation	35,305	33,093	30,946	-	27,758	26,455	24,715	23,459	22,014	20,619
Total Noncurrent Assets	29,029	28,994	29,621	45,540	22,118	13,396	9,243	7,942	11,853	10,698
Noncurrent Note & Lease Receivables	814	-	-	-	-	-	-	-	-	-
Noncurrent Deferred & Refundable Income Taxes	1.00	24	9.00	9.00	67	67	69	65	70	135
Other Noncurrent Operating Assets	28,214	28,970	29,612	45,531	22,051	13,329	9,174	7,877	11,783	10,563
Total Liabilities & Shareholders' Equity	133,660	125,698	118,644	70,399	97,856	85,196	76,995	68,012	68,598	63,234
Total Liabilities	103,259	100,147	95,569	39,892	76,603	79,808	64,092	48,540	50,406	46,406
Total Current Liabilities	16,330	17,314	15,788	17,427	13,581	7,631	41,695	7,129	7,564	6,363
Short-Term Debt	3,669	5,347	4,323	6,665	3,575	0.00	21,994	1,376	2,216	1,179
Accounts Payable	6,665	3,160	3,666	3,534	2,982	4,317	2,439	2,163	1,928	1,812
Other Current Liabilities	5,236	7,869	7,173	6,747	6,526	3,310	17,034	2,812	3,204	3,166
Other Current Nonoperating Liabilities	760	679	626	481	498	4.00	228	217	216	206
Total Noncurrent Liabilities	86,929	83,092	79,781	22,465	63,022	72,177	22,397	41,411	42,842	40,043
Long-Term Debt	53,569	50,975	47,742	-	37,288	0.00	-	17,753	16,220	15,925
Capital Lease Obligations	4.00	-	-	-	-	-	-	-	-	-
Asset Retirement Reserve & Litigation Obligation	24,861	24,956	23,542	17,297	16,836	15,124	14,533	13,578	11,489	9,964
Noncurrent Deferred & Payable Income Tax Liabilities	3,082	1,980	2,732	-	1,398	320	3,281	5,822	10,213	9,206
Noncurrent Employee Benefit Liabilities	808	476	231	860	2,444	1,884	2,119	2,128	2,641	2,622
Other Noncurrent Operating Liabilities	4,605	4,705	5,534	4,308	5,056	54,849	2,464	2,130	2,279	2,326
Total Equity & Noncontrolling Interests	30,401	25,292	23,075	21,223	21,253	5,388	12,903	19,472	18,192	16,828
Total Preferred & Common Equity	30,149	25,040	22,823	20,971	21,001	5,136	12,651	19,220	17,940	16,576
Preferred Stock	1,579	-	-	-	-	-	-	-	-	-
Total Common Equity	28,570	25,040	22,823	30,255	21,001	5,136	12,651	19,220	17,940	16,576
Common Stock	31,555	30,374	32,887	35,129	30,224	13,038	12,910	12,632	12,198	11,282
Retained Earnings	-2,966	-5,321	-7,542	-	-9,196	-7,892	-250	6,596	5,751	5,301
Accumulated Other Comprehensive Income / (Loss)	-19	-13	-5.00	-20	-27	-10	-9.00	-8.00	-9.00	-7.00
Noncontrolling Interest	252	252	252	252	252	252	252	252	252	252

This table presents PG&E's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	135,443	133,660	132,319	130,788	127,645	125,698	123,009	120,705	69,018	118,644	117,012
Total Current Assets	16,893	17,216	17,547	16,739	15,231	14,383	12,809	12,681	9,269	12,815	12,210
Cash & Equivalents	2,023	940	895	1,315	658	635	589	805	1,028	734	262
Restricted Cash	383	273	335	237	362	297	373	257	387	213	145
Accounts Receivable	1,879	5,517	3,941	3,387	3,669	3,542	3,357	3,121	1,381	4,269	4,987
Inventories, net	789	820	812	823	821	870	888	888	835	842	748
Other Current Assets	9,686	9,666	11,564	10,977	9,721	9,039	7,602	7,610	5,638	6,757	6,068
Plant, Property, & Equipment, net	89,671	88,229	86,379	85,242	83,651	82,321	81,046	78,773	4,280	76,208	75,075
Plant, Property & Equipment, gross	124,891	246,254	120,158	118,852	116,585	114,627	112,883	110,972	4,280	107,135	105,513
Accumulated Depreciation	36,034	35,305	34,594	34,396	33,718	33,093	32,625	32,199	-	30,946	30,438
Total Noncurrent Assets	28,879	29,029	28,393	28,807	28,763	28,994	29,154	29,251	55,469	29,621	29,727
Noncurrent Deferred & Refundable Income Taxes	1.00	1.00	1.00	1.00	24	24	9.00	9.00	9.00	9.00	9.00
Other Noncurrent Operating Assets	28,878	28,214	28,392	28,806	28,739	28,970	29,145	29,242	55,460	29,612	29,718
Total Liabilities & Shareholders' Equity	135,443	133,660	132,319	130,788	127,645	125,698	123,009	120,705	74,021	118,644	117,012
Total Liabilities	103,692	103,259	104,649	103,504	101,391	100,147	98,371	96,690	43,462	95,569	94,526
Total Current Liabilities	17,822	16,330	16,883	18,543	15,453	17,314	15,172	13,202	14,801	15,788	14,027
Short-Term Debt	6,223	3,669	4,150	6,550	3,744	5,347	4,179	3,874	5,021	4,323	2,825
Accounts Payable	3,311	6,665	3,137	3,045	2,991	3,160	3,494	3,141	3,075	3,666	3,597
Other Current Liabilities	7,600	5,236	8,361	7,446	7,866	7,869	6,653	5,525	6,139	7,173	7,166
Other Current Nonoperating Liabilities	688	760	651	723	581	679	592	662	566	626	439
Total Noncurrent Liabilities	85,870	86,929	88,350	85,740	86,209	83,092	83,453	83,488	28,661	79,781	80,499
Long-Term Debt	52,659	53,569	54,748	52,664	53,415	50,975	50,343	50,230	-	47,742	47,854
Capital Lease Obligations	4.00	4.00	-	-	-	-	-	-	-	-	-
Asset Retirement Reserve & Litigation Obligation	25,146	24,861	25,785	25,464	25,172	24,956	24,874	24,489	24,035	23,542	23,144
Noncurrent Deferred & Payable Income Tax Liabilities	3,251	3,082	2,670	2,484	2,225	1,980	2,181	2,422	-	2,732	3,224
Noncurrent Employee Benefit Liabilities	813	808	454	464	474	476	220	226	232	231	669
Other Noncurrent Operating Liabilities	3,997	4,605	4,693	4,664	4,923	4,705	5,835	6,121	4,394	5,534	5,608
Total Equity & Noncontrolling Interests	30,937	30,401	27,086	26,505	25,983	25,292	24,384	24,015	23,586	23,075	22,486
Total Preferred & Common Equity	30,685	30,149	26,834	26,253	25,731	25,040	24,132	23,763	23,334	22,823	22,234
Preferred Stock	1,579	1,579	-	-	-	-	-	-	-	-	-
Total Common Equity	29,106	28,570	26,834	26,253	25,731	25,040	24,132	23,763	30,307	22,823	22,234
Common Stock	31,532	31,555	30,402	30,379	30,356	30,374	31,041	31,628	32,214	32,887	34,164
Retained Earnings	-2,414	-2,966	-3,558	-4,112	-4,611	-5,321	-6,219	-6,567	-	-7,542	-8,055
Accumulated Other Comprehensive Income / (Loss)	-12	-19	-10	-14	-14	-13	-2.00	0.00	0.00	-5.00	-37
Noncontrolling Interest	252	252	252	252	252	252	252	252	252	252	252

This table displays calculated financial ratios and metrics derived from PG&E's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.29%	6.83%	5.03%	11.77%	7.82%	2.21%	-2.19%	-3.01%	4.95%	-1.50%
EBITDA Growth	33.93%	9.76%	6.19%	52.98%	153.87%	-11.47%	-205.53%	17.72%	18.55%	-14.44%
EBIT Growth	61.71%	31.91%	-4.21%	734.77%	102.74%	-9.85%	-403.24%	34.88%	39.57%	-35.49%
NOPAT Growth	-43.80%	23.14%	3,260.15%	-118.03%	117.39%	-4.06%	-405.69%	10.96%	28.71%	-29.79%
Net Income Growth	11.35%	24.37%	2,161.36%	93.25%	82.94%	-11.77%	-511.87%	17.98%	58.45%	-69.23%
EPS Growth	9.52%	25.00%	1,780.00%	95.24%	92.76%	-9.43%	-512.77%	15.47%	55.31%	-70.75%
Operating Cash Flow Growth	69.26%	27.57%	64.50%	111.82%	-497.22%	1.35%	-19.29%	5.94%	0.00%	0.00%
Free Cash Flow Firm Growth	-184.60%	104.18%	-216.13%	165.90%	-352.23%	1,302.14%	-461.69%	158.72%	-109.04%	196.62%
Invested Capital Growth	7.82%	9.09%	208.70%	-60.90%	1,524.82%	-88.60%	-12.80%	4.64%	8.54%	-19.57%
Revenue Q/Q Growth	0.99%	7.58%	0.58%	2.47%	0.03%	3.98%	-0.07%	-3.45%	3.19%	-0.83%
EBITDA Q/Q Growth	0.98%	14.15%	-5.51%	1.74%	386.03%	42.13%	-273.43%	-5.10%	22.27%	-2.80%
EBIT Q/Q Growth	-2.36%	45.19%	-16.25%	5.86%	105.96%	33.10%	-1,593.72%	-10.87%	69.13%	-7.51%
NOPAT Q/Q Growth	-11.08%	-88.25%	65.81%	77.71%	158.34%	33.94%	-4,027.13%	-35.28%	49.27%	-4.57%
Net Income Q/Q Growth	-9.02%	21.95%	2.31%	75.56%	74.54%	29.88%	-4,658.00%	-18.71%	34.64%	-61.74%
EPS Q/Q Growth	-10.16%	22.09%	-2.33%	-102.84%	89.48%	30.72%	-5,196.15%	-26.54%	66.47%	-63.24%
Operating Cash Flow Q/Q Growth	22.11%	-10.08%	27.39%	5.60%	-3.57%	0.25%	-8.01%	-16.03%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	12.08%	-97.32%	-703.06%	837.75%	-2.54%	2.41%	-62.58%	-96.13%	61.37%	822.01%
Invested Capital Q/Q Growth	2.34%	3.59%	2.22%	-61.86%	4.26%	-36.69%	-13.70%	2.48%	-22.67%	-22.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	85.84%	81.88%	32.36%	29.36%	31.88%	77.65%	30.47%	33.61%	69.55%	24.48%
EBITDA Margin	36.69%	28.85%	28.08%	27.77%	20.29%	-40.61%	-37.23%	34.51%	28.43%	25.17%
Operating Margin	18.29%	11.53%	8.47%	9.12%	9.50%	-58.93%	-57.88%	16.95%	11.77%	8.96%
EBIT Margin	19.52%	12.71%	10.29%	11.28%	1.51%	-59.49%	-55.35%	17.85%	12.84%	9.65%
Profit (Net Income) Margin	10.30%	9.74%	8.37%	-0.43%	-7.06%	-44.61%	-40.80%	9.69%	7.96%	5.28%
Tax Burden Percent	108.65%	322.75%	381.09%	-11.76%	138.43%	69.21%	67.50%	76.46%	96.24%	103.14%
Interest Burden Percent	48.58%	23.75%	21.34%	32.12%	-337.63%	108.36%	109.20%	70.97%	64.46%	52.98%
Effective Tax Rate	-8.65%	-222.75%	-281.09%	111.76%	0.00%	0.00%	0.00%	23.54%	3.76%	-3.14%
Return on Invested Capital (ROIC)	5.71%	11.02%	14.13%	-0.51%	3.73%	-37.91%	-18.91%	5.92%	5.68%	4.10%
ROIC Less NNEP Spread (ROIC-NNEP)	1.62%	-0.76%	-4.81%	0.10%	-9.20%	-43.99%	-19.15%	2.92%	2.33%	1.00%
Return on Net Nonoperating Assets (RNNOA)	3.31%	-1.69%	-5.94%	0.10%	-13.52%	-45.65%	-23.33%	2.89%	2.35%	1.31%
Return on Equity (ROE)	9.02%	9.33%	8.19%	-0.41%	-9.79%	-83.56%	-42.24%	8.81%	8.04%	5.41%
Cash Return on Invested Capital (CROIC)	-1.81%	2.33%	-87.99%	87.05%	-173.08%	121.14%	-5.23%	1.38%	-2.51%	25.80%
Operating Return on Assets (OROA)	3.67%	2.41%	2.54%	3.00%	0.30%	-12.57%	-12.79%	4.48%	3.44%	2.67%
Return on Assets (ROA)	1.94%	1.85%	2.06%	-0.11%	-1.42%	-9.42%	-9.43%	2.43%	2.13%	1.46%
Return on Common Equity (ROCE)	8.68%	9.23%	9.81%	-0.50%	-9.60%	-81.26%	-41.58%	8.70%	7.92%	2.73%
Return on Equity Simple (ROE_SIMPLE)	8.33%	9.01%	7.95%	-0.42%	-6.21%	-148.79%	-54.04%	8.64%	7.84%	5.36%
Net Operating Profit after Tax (NOPAT)	4,845	8,621	7,001	-222	1,229	-7,066	-6,790	2,221	2,002	1,555
NOPAT Margin	19.87%	37.22%	32.29%	-1.07%	6.65%	-41.25%	-40.52%	12.96%	11.33%	9.24%
Net Nonoperating Expense Percent (NNEP)	4.10%	11.78%	18.94%	-0.61%	12.93%	6.07%	0.24%	3.00%	3.36%	3.11%
Return On Investment Capital (ROIC_SIMPLE)	5.53%	10.56%	9.32%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	14.16%	18.12%	67.64%	70.64%	68.13%	22.35%	69.53%	66.39%	30.45%	75.52%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	67.56%	70.35%	23.88%	20.24%	22.37%	136.58%	88.35%	16.66%	57.77%	15.52%
Earnings before Interest and Taxes (EBIT)	4,759	2,943	2,231	2,329	279	-10,190	-9,276	3,059	2,268	1,625
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8,948	6,681	6,087	5,732	3,747	-6,956	-6,240	5,913	5,023	4,237
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.03	2.06	1.94	1.28	1.33	1.68	1.47	1.81	2.54	2.29
Price to Tangible Book Value (P/TBV)	2.03	2.06	1.94	1.28	1.33	1.68	1.47	1.81	2.54	2.29
Price to Revenue (P/Rev)	2.38	2.23	2.04	1.88	1.51	0.50	1.11	2.03	2.58	2.25
Price to Earnings (P/E)	23.48	23.06	24.57	0.00	0.00	0.00	0.00	21.17	32.77	43.42
Dividend Yield	0.27%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	4.56%	3.25%	3.62%
Earnings Yield	4.26%	4.34%	4.07%	0.00%	0.00%	0.00%	0.00%	4.72%	3.05%	2.30%
Enterprise Value to Invested Capital (EV/IC)	1.32	1.32	1.28	1.88	1.10	1.91	1.17	1.40	1.75	1.63
Enterprise Value to Revenue (EV/Rev)	4.76	4.63	4.41	2.20	3.71	0.43	2.34	3.14	3.63	3.26
Enterprise Value to EBITDA (EV/EBITDA)	12.96	16.07	15.71	7.93	18.27	0.00	0.00	9.10	12.77	12.97
Enterprise Value to EBIT (EV/EBIT)	24.37	36.47	42.85	19.52	245.38	0.00	0.00	17.58	28.29	33.82
Enterprise Value to NOPAT (EV/NOPAT)	23.94	12.45	13.66	0.00	55.73	0.00	0.00	24.21	32.05	35.33
Enterprise Value to Operating Cash Flow (EV/OCF)	14.43	22.61	25.69	20.09	0.00	1.51	8.24	9.13	11.54	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	58.99	0.00	1.21	0.00	0.32	0.00	103.58	0.00	5.62
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.88	2.23	2.26	0.31	1.92	0.00	1.70	0.98	1.01	1.02
Long-Term Debt to Equity	1.76	2.02	2.07	0.00	1.75	0.00	0.00	0.91	0.89	0.95
Financial Leverage	2.05	2.23	1.24	1.03	1.47	1.04	1.22	0.99	1.01	1.31
Leverage Ratio	4.66	5.05	3.97	3.65	6.87	8.87	4.48	3.63	3.76	3.71
Compound Leverage Factor	2.26	1.20	0.85	1.17	-23.20	9.61	4.89	2.57	2.43	1.97
Debt to Total Capital	65.31%	69.01%	69.29%	23.90%	65.79%	0.00%	63.03%	49.56%	50.33%	50.41%
Short-Term Debt to Total Capital	4.19%	6.55%	5.75%	23.90%	5.76%	0.00%	63.03%	3.56%	6.05%	3.47%
Long-Term Debt to Total Capital	61.13%	62.46%	63.54%	0.00%	60.03%	0.00%	0.00%	45.99%	44.28%	46.93%
Preferred Equity to Total Capital	1.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.29%	0.31%	0.34%	0.90%	0.41%	4.68%	0.72%	0.65%	0.69%	0.74%
Common Equity to Total Capital	32.60%	30.68%	30.37%	108.49%	33.81%	95.32%	36.25%	49.79%	48.98%	48.85%
Debt to EBITDA	6.40	8.43	8.55	1.16	10.91	0.00	-3.52	3.24	3.67	4.04
Net Debt to EBITDA	6.26	8.29	8.40	1.11	10.74	0.00	-3.26	3.16	3.64	3.95
Long-Term Debt to EBITDA	5.99	7.63	7.84	0.00	9.95	0.00	0.00	3.00	3.23	3.76
Debt to NOPAT	11.82	6.53	7.44	-30.09	33.26	0.00	-3.24	8.61	9.21	11.00
Net Debt to NOPAT	11.56	6.43	7.30	-28.70	32.75	0.00	-2.99	8.41	9.12	10.77
Long-Term Debt to NOPAT	11.06	5.91	6.82	0.00	30.35	0.00	0.00	7.99	8.10	10.24
Altman Z-Score	0.61	0.48	0.40	0.89	0.24	-0.22	-0.52	0.95	1.00	0.95
Noncontrolling Interest Sharing Ratio	3.74%	1.04%	-19.82%	-20.67%	1.89%	2.76%	1.56%	1.34%	1.44%	49.51%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.05	0.83	0.81	0.47	0.71	1.33	0.22	0.88	0.81	0.91
Quick Ratio	0.40	0.24	0.32	0.12	0.26	1.12	0.13	0.36	0.29	0.24
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,539	1,820	-43,581	37,528	-56,944	22,576	-1,878	519	-884	9,777
Operating Cash Flow to CapEx	77.49%	48.87%	38.83%	32.59%	-248.76%	76.29%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-0.50	0.64	-22.73	23.44	-45.19	24.17	-2.02	0.58	-1.07	12.65
Operating Cash Flow to Interest Expense	2.63	1.67	1.94	1.41	-15.18	5.16	5.12	6.63	6.70	0.00
Operating Cash Flow Less CapEx to Interest Expense	-0.77	-1.74	-3.06	-2.92	-21.29	-1.60	12.13	6.63	6.70	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.19	0.19	0.25	0.27	0.20	0.21	0.23	0.25	0.27	0.28
Accounts Receivable Turnover	5.38	5.93	7.16	8.53	3.68	3.17	5.64	8.24	10.26	19.03
Inventory Turnover	4.09	4.90	20.40	23.83	19.74	6.38	22.52	24.10	11.93	27.79
Fixed Asset Turnover	0.29	0.29	0.54	0.59	0.29	0.29	0.30	0.33	0.36	0.37
Accounts Payable Turnover	0.70	1.23	4.07	4.48	3.45	1.13	5.06	5.56	2.88	11.11
Days Sales Outstanding (DSO)	67.80	61.55	50.95	42.78	99.23	115.29	64.66	44.28	35.59	19.18
Days Inventory Outstanding (DIO)	89.32	74.44	17.90	15.32	18.49	57.24	16.21	15.14	30.60	13.14
Days Payable Outstanding (DPO)	519.28	296.82	89.60	81.56	105.87	322.01	72.08	65.63	126.87	32.85
Cash Conversion Cycle (CCC)	-362.16	-160.83	-20.75	-23.45	11.85	-149.47	8.79	-6.21	-60.68	-0.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	88,004	81,620	74,819	24,237	61,987	3,815	33,457	38,369	36,667	33,781
Invested Capital Turnover	0.29	0.30	0.44	0.48	0.56	0.92	0.47	0.46	0.50	0.44
Increase / (Decrease) in Invested Capital	6,384	6,801	50,582	-37,750	58,172	-29,642	-4,912	1,702	2,886	-8,222
Enterprise Value (EV)	115,972	107,338	95,602	45,454	68,461	7,286	39,143	53,785	64,160	54,951
Market Capitalization	58,112	51,696	44,232	38,844	27,973	8,611	18,565	34,853	45,649	37,952
Book Value per Share	$9.92	$8.71	$8.36	$9.44	$9.34	$6.47	$16.16	$24.68	$23.30	$21.96
Tangible Book Value per Share	$9.92	$8.71	$8.36	$9.44	$9.34	$6.47	$16.16	$24.68	$23.30	$21.96
Total Capital	87,643	81,614	75,140	27,888	62,116	5,388	34,897	38,601	36,628	33,932
Total Debt	57,242	56,322	52,065	6,665	40,863	0.00	21,994	19,129	18,436	17,104
Total Long-Term Debt	53,573	50,975	47,742	0.00	37,288	0.00	0.00	17,753	16,220	15,925
Net Debt	56,029	55,390	51,118	6,358	40,236	-1,577	20,326	18,680	18,259	16,747
Capital Expenditures (CapEx)	10,369	9,714	9,584	6,940	7,690	6,313	-6,514	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,342	1,484	403	-2,798	-1,031	957	-12,174	79	639	272
Debt-free Net Working Capital (DFNWC)	4,555	2,416	1,350	-2,491	-404	2,534	-10,506	528	816	629
Net Working Capital (NWC)	886	-2,931	-2,973	-9,156	-3,979	2,534	-32,500	-848	-1,400	-550
Net Nonoperating Expense (NNE)	2,333	6,365	5,187	-134	2,533	576	47	561	595	667
Net Nonoperating Obligations (NNO)	57,603	56,328	51,744	3,014	40,734	-1,573	20,554	18,897	18,475	16,953
Total Depreciation and Amortization (D&A)	4,189	3,738	3,856	3,403	3,468	3,234	3,036	2,854	2,755	2,612
Debt-free, Cash-free Net Working Capital to Revenue	13.70%	6.41%	1.86%	-13.55%	-5.58%	5.59%	-72.64%	0.46%	3.62%	1.62%
Debt-free Net Working Capital to Revenue	18.68%	10.43%	6.23%	-12.07%	-2.19%	14.79%	-62.69%	3.08%	4.62%	3.74%
Net Working Capital to Revenue	3.63%	-12.65%	-13.71%	-44.36%	-21.54%	14.79%	-193.93%	-4.95%	-7.92%	-3.27%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.16	$1.09	$0.91	($0.05)	($1.05)	($14.50)	($13.25)	$3.21	$0.00	$3.62
Adjusted Weighted Average Basic Shares Outstanding	2.14B	2.06B	1.99B	1.99B	1.26B	528M	517M	512M	0.00	968M
Adjusted Diluted Earnings per Share	$1.15	$1.05	$0.84	($0.05)	($1.05)	($14.50)	($13.25)	$3.21	$0.00	$3.58
Adjusted Weighted Average Diluted Shares Outstanding	2.15B	2.14B	2.13B	1.99B	1.26B	528M	517M	513M	0.00	974M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($13.25)	$3.21	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.94B	5.49B	5.20B	5.19B	2.25B	793.63M	791.94M	779.34M	0.00	757.21M
Normalized Net Operating Profit after Tax (NOPAT)	3,389	2,267	1,620	1,680	1,518	-7,066	-6,790	2,221	2,002	1,056
Normalized NOPAT Margin	13.90%	9.79%	7.47%	8.14%	8.22%	-41.25%	-40.52%	12.96%	11.33%	6.27%
Pre Tax Income Margin	9.48%	3.02%	2.20%	3.62%	-5.10%	-64.46%	-60.44%	12.67%	8.28%	5.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.56	1.03	1.16	1.45	0.22	-10.91	-9.98	3.44	2.74	2.10
NOPAT to Interest Expense	1.59	3.02	3.65	-0.14	0.98	-7.57	-7.31	2.50	2.41	2.01
EBIT Less CapEx to Interest Expense	-1.84	-2.38	-3.84	-2.88	-5.88	-17.67	-2.97	3.44	2.74	2.10
NOPAT Less CapEx to Interest Expense	-1.81	-0.38	-1.35	-4.47	-5.13	-14.32	-0.30	2.50	2.41	2.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-61.51%	65.46%	0.00%
Augmented Payout Ratio	3.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-61.51%	65.46%	0.00%

This table displays calculated financial ratios and metrics derived from PG&E's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.08%	3.72%	6.60%	13.16%	-1.26%	19.05%	2.74%	3.36%	2.38%	2.36%	-1.30%
EBITDA Growth	0.55%	4.25%	70.41%	44.61%	32.55%	67.92%	-30.99%	14.95%	8.09%	-22.55%	49.23%
EBIT Growth	-4.59%	-9.63%	140.17%	112.59%	89.36%	329.50%	-45.14%	34.91%	4.23%	-60.90%	93.58%
NOPAT Growth	-5.15%	-33.52%	348.74%	-64.55%	-24.56%	2,375.73%	-69.51%	-44.75%	71.77%	-90.52%	110.30%
Net Income Growth	-13.74%	-26.98%	64.96%	27.80%	28.50%	78.53%	-23.53%	13.89%	19.67%	8.61%	142.19%
EPS Growth	-17.65%	-30.23%	68.75%	26.32%	25.93%	79.17%	-23.81%	11.76%	22.73%	-7.69%	138.18%
Operating Cash Flow Growth	25.96%	305.03%	72.98%	-44.24%	90.80%	-52.73%	68.69%	5,895.45%	-28.66%	382.78%	30.38%
Free Cash Flow Firm Growth	94.88%	-7.43%	-11.80%	-58.62%	-233.06%	90.99%	39.14%	-337.31%	1,051.07%	-230.44%	33.02%
Invested Capital Growth	4.59%	7.82%	9.14%	10.23%	179.11%	9.09%	7.64%	10.15%	-55.78%	208.70%	15.18%
Revenue Q/Q Growth	-9.77%	12.24%	-1.30%	2.13%	-8.32%	15.36%	4.76%	-10.88%	24.65%	-0.44%	5.39%
EBITDA Q/Q Growth	11.86%	-1.70%	-4.32%	-4.42%	15.97%	60.68%	-18.80%	-12.40%	46.92%	-33.97%	35.24%
EBIT Q/Q Growth	19.56%	-2.97%	-8.55%	-10.06%	13.23%	157.88%	-19.06%	-19.89%	156.83%	-67.06%	99.06%
NOPAT Q/Q Growth	-23.27%	18.91%	28.46%	-19.08%	-46.22%	702.61%	-89.85%	72.22%	1,665.05%	-90.11%	-81.61%
Net Income Q/Q Growth	-5.93%	16.41%	10.50%	-28.71%	-20.37%	162.96%	-14.39%	-28.32%	10.64%	12.64%	27.50%
EPS Q/Q Growth	-6.67%	11.11%	12.50%	-29.41%	-20.93%	168.75%	-15.79%	-29.63%	12.50%	14.29%	23.53%
Operating Cash Flow Q/Q Growth	47.41%	-38.29%	340.37%	-68.55%	374.00%	-73.65%	41.96%	7.59%	17.44%	-5.96%	4,977.27%
Free Cash Flow Firm Q/Q Growth	45.51%	17.73%	14.78%	86.61%	-1,044.09%	14.39%	-20.90%	-111.24%	177.45%	-478.46%	-768.72%
Invested Capital Q/Q Growth	-1.38%	2.34%	0.37%	3.25%	1.66%	3.59%	1.38%	161.43%	-60.27%	2.22%	3.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.82%	130.84%	84.36%	37.79%	85.50%	125.45%	81.88%	36.07%	75.77%	34.39%	34.39%
EBITDA Margin	39.90%	32.18%	36.75%	37.91%	40.51%	32.02%	22.99%	29.66%	30.17%	22.70%	34.22%
Operating Margin	20.39%	15.38%	17.42%	18.94%	21.77%	17.75%	7.24%	9.57%	10.60%	2.42%	13.46%
EBIT Margin	21.56%	16.27%	18.82%	20.31%	23.07%	18.68%	8.35%	10.81%	12.03%	5.18%	15.65%
Profit (Net Income) Margin	10.60%	10.16%	9.80%	8.75%	12.54%	14.44%	6.33%	7.75%	9.64%	9.63%	8.51%
Tax Burden Percent	94.21%	146.84%	122.41%	86.47%	94.96%	198.49%	-540.00%	546.67%	255.36%	-269.27%	126.80%
Interest Burden Percent	52.17%	42.54%	42.54%	49.84%	57.25%	38.94%	-14.04%	13.11%	31.37%	-69.06%	42.89%
Effective Tax Rate	5.79%	-46.84%	-22.41%	13.53%	5.04%	-98.49%	0.00%	-446.67%	-155.36%	0.00%	-26.80%
Return on Invested Capital (ROIC)	5.55%	6.49%	6.25%	4.77%	8.47%	10.43%	1.44%	15.08%	11.84%	0.74%	5.38%
ROIC Less NNEP Spread (ROIC-NNEP)	4.63%	5.05%	5.05%	3.96%	6.96%	7.97%	1.57%	10.47%	7.84%	2.30%	4.39%
Return on Net Nonoperating Assets (RNNOA)	9.18%	10.33%	11.11%	8.85%	8.86%	17.82%	3.52%	23.26%	8.97%	2.84%	9.51%
Return on Equity (ROE)	14.73%	16.82%	17.36%	13.61%	17.33%	28.25%	4.95%	38.34%	20.80%	3.58%	14.89%
Cash Return on Invested Capital (CROIC)	1.17%	-1.81%	-2.13%	-2.86%	-83.09%	2.33%	89.21%	1.55%	95.19%	-87.99%	-7.94%
Operating Return on Assets (OROA)	4.02%	3.06%	3.56%	3.84%	5.42%	3.54%	1.50%	1.97%	2.95%	1.28%	3.06%
Return on Assets (ROA)	1.97%	1.91%	1.85%	1.66%	2.94%	2.74%	1.14%	1.41%	2.36%	2.37%	1.66%
Return on Common Equity (ROCE)	14.19%	16.19%	17.19%	13.48%	19.60%	27.96%	4.90%	37.92%	23.78%	4.29%	14.72%
Return on Equity Simple (ROE_SIMPLE)	7.86%	0.00%	10.29%	9.65%	9.40%	0.00%	7.67%	8.24%	8.18%	0.00%	7.97%
Net Operating Profit after Tax (NOPAT)	1,149	1,498	1,260	981	1,212	2,253	281	2,766	1,606	91	921
NOPAT Margin	19.21%	22.59%	21.32%	16.38%	20.67%	35.24%	5.07%	52.29%	27.06%	1.69%	17.07%
Net Nonoperating Expense Percent (NNEP)	0.91%	1.45%	1.20%	0.81%	1.51%	2.46%	-0.13%	4.61%	4.00%	-1.56%	0.99%
Return On Investment Capital (ROIC_SIMPLE)	1.28%	1.71%	-	-	-	2.76%	-	-	-	0.12%	-
Cost of Revenue to Revenue	59.18%	-30.84%	15.64%	62.21%	14.50%	-25.45%	18.12%	63.93%	24.23%	65.61%	65.61%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.42%	115.46%	66.94%	18.84%	63.73%	107.70%	74.65%	26.50%	65.18%	31.97%	20.93%
Earnings before Interest and Taxes (EBIT)	1,290	1,079	1,112	1,216	1,352	1,194	463	572	714	278	844
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,387	2,134	2,171	2,269	2,374	2,047	1,274	1,569	1,791	1,219	1,846
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.73	2.03	2.12	1.91	1.87	2.06	1.89	1.99	1.45	1.94	1.53
Price to Tangible Book Value (P/TBV)	1.73	2.03	2.12	1.91	1.87	2.06	1.89	1.99	1.45	1.94	1.53
Price to Revenue (P/Rev)	2.06	2.38	2.36	2.11	2.09	2.23	2.12	2.21	2.08	2.04	1.58
Price to Earnings (P/E)	21.46	23.48	20.72	19.96	20.03	23.06	24.84	24.29	23.27	24.57	19.36
Dividend Yield	0.41%	0.27%	0.20%	0.17%	0.12%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.66%	4.26%	4.83%	5.01%	4.99%	4.34%	4.03%	4.12%	4.30%	4.07%	5.16%
Enterprise Value to Invested Capital (EV/IC)	1.25	1.32	1.34	1.26	1.26	1.32	1.26	1.29	1.61	1.28	1.16
Enterprise Value to Revenue (EV/Rev)	4.44	4.76	4.76	4.55	4.53	4.63	4.62	4.70	2.26	4.41	3.92
Enterprise Value to EBITDA (EV/EBITDA)	12.14	12.96	12.96	13.58	14.39	16.07	16.98	15.65	7.71	15.71	13.13
Enterprise Value to EBIT (EV/EBIT)	23.15	24.37	23.56	25.61	29.20	36.47	49.04	41.75	21.21	42.85	31.75
Enterprise Value to NOPAT (EV/NOPAT)	22.65	23.94	21.08	19.27	16.27	12.45	1.35	12.09	5.55	13.66	20.03
Enterprise Value to Operating Cash Flow (EV/OCF)	12.61	14.43	17.45	20.57	17.96	22.61	18.83	22.13	14.77	25.69	28.96
Enterprise Value to Free Cash Flow (EV/FCFF)	109.92	0.00	0.00	0.00	0.00	58.99	1.47	87.25	1.04	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.90	1.88	2.17	2.23	2.20	2.23	2.24	2.25	0.21	2.26	2.25
Long-Term Debt to Equity	1.70	1.76	2.02	1.99	2.06	2.02	2.06	2.09	0.00	2.07	2.13
Financial Leverage	1.98	2.05	2.20	2.23	1.27	2.23	2.24	2.22	1.14	1.24	2.16
Leverage Ratio	4.62	4.66	4.96	4.98	3.97	5.05	5.12	5.09	3.82	3.97	5.10
Compound Leverage Factor	2.41	1.98	2.11	2.48	2.27	1.97	-0.72	0.67	1.20	-2.74	2.19
Debt to Total Capital	65.56%	65.31%	68.50%	69.08%	68.75%	69.01%	69.10%	69.26%	17.55%	69.29%	69.27%
Short-Term Debt to Total Capital	6.93%	4.19%	4.83%	7.64%	4.50%	6.55%	5.30%	4.96%	17.55%	5.75%	3.86%
Long-Term Debt to Total Capital	58.63%	61.13%	63.67%	61.44%	64.25%	62.46%	63.80%	64.30%	0.00%	63.54%	65.41%
Preferred Equity to Total Capital	1.76%	1.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.28%	0.29%	0.29%	0.29%	0.30%	0.31%	0.32%	0.32%	0.88%	0.34%	0.34%
Common Equity to Total Capital	32.40%	32.60%	31.21%	30.63%	30.95%	30.68%	30.58%	30.42%	105.94%	30.37%	30.39%
Debt to EBITDA	6.57	6.40	6.65	7.44	7.87	8.43	9.32	8.42	0.81	8.55	7.87
Net Debt to EBITDA	6.30	6.26	6.51	7.24	7.73	8.29	9.15	8.26	0.58	8.40	7.80
Long-Term Debt to EBITDA	5.88	5.99	6.18	6.61	7.35	7.63	8.60	7.82	0.00	7.84	7.43
Debt to NOPAT	12.26	11.82	10.81	10.55	8.89	6.53	0.74	6.51	0.58	7.44	12.00
Net Debt to NOPAT	11.76	11.56	10.58	10.27	8.74	6.43	0.73	6.38	0.42	7.30	11.91
Long-Term Debt to NOPAT	10.97	11.06	10.05	9.38	8.31	5.91	0.69	6.04	0.00	6.82	11.33
Altman Z-Score	0.47	0.52	0.51	0.44	0.45	0.44	0.37	0.40	0.85	0.35	0.31
Noncontrolling Interest Sharing Ratio	3.66%	3.74%	0.98%	1.00%	-13.05%	1.04%	1.08%	1.09%	-14.30%	-19.82%	1.17%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.95	1.05	1.04	0.90	0.99	0.83	0.84	0.96	0.63	0.81	0.87
Quick Ratio	0.22	0.40	0.29	0.25	0.28	0.24	0.26	0.30	0.16	0.32	0.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,663	-4,886	-5,939	-6,969	-52,034	-4,548	-5,312	-4,394	39,107	-50,491	-8,728
Operating Cash Flow to CapEx	108.08%	68.32%	120.19%	30.94%	85.71%	18.25%	74.76%	53.30%	51.79%	46.43%	37.36%
Free Cash Flow to Firm to Interest Expense	-3.63	-6.70	-7.47	-8.58	-72.78	-4.91	-7.79	-6.87	64.96	-89.84	-16.63
Operating Cash Flow to Interest Expense	3.88	2.65	3.94	0.88	3.16	0.52	2.65	1.99	1.97	1.80	2.04
Operating Cash Flow Less CapEx to Interest Expense	0.29	-1.23	0.66	-1.95	-0.53	-2.31	-0.90	-1.75	-1.83	-2.07	-3.43
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.19	0.19	0.19	0.19	0.23	0.19	0.18	0.18	0.25	0.25	0.20
Accounts Receivable Turnover	8.83	5.38	6.62	7.31	9.14	5.93	5.16	5.88	8.23	7.16	4.88
Inventory Turnover	4.36	4.09	18.58	18.56	18.76	4.90	0.00	2.63	2.92	20.40	25.98
Fixed Asset Turnover	0.28	0.29	0.29	0.29	0.53	0.29	0.28	0.28	0.56	0.54	0.30
Accounts Payable Turnover	1.11	0.70	4.76	5.13	5.12	1.23	0.00	0.60	0.68	4.07	4.92
Days Sales Outstanding (DSO)	41.31	67.80	55.16	49.94	39.92	61.55	70.73	62.05	44.36	50.95	74.72
Days Inventory Outstanding (DIO)	83.76	89.32	19.64	19.67	19.46	74.44	0.00	138.83	125.02	17.90	14.05
Days Payable Outstanding (DPO)	327.85	519.28	76.62	71.11	71.27	296.82	0.00	606.75	540.19	89.60	74.14
Cash Conversion Cycle (CCC)	-202.78	-362.16	-1.82	-1.50	-11.89	-160.83	70.73	-405.86	-370.80	-20.75	14.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	86,786	88,004	85,989	85,669	82,974	81,620	78,790	77,719	29,728	74,819	73,197
Invested Capital Turnover	0.29	0.29	0.29	0.29	0.41	0.30	0.28	0.29	0.44	0.44	0.32
Increase / (Decrease) in Invested Capital	3,812	6,384	7,199	7,950	53,246	6,801	5,593	7,160	-37,501	50,582	9,649
Enterprise Value (EV)	108,746	115,972	114,849	108,186	104,559	107,338	99,412	100,522	47,935	95,602	84,587
Market Capitalization	50,435	58,112	56,929	50,272	48,168	51,696	45,600	47,228	44,077	44,232	34,063
Book Value per Share	$9.91	$9.92	$9.32	$9.12	$12.06	$8.71	$8.52	$8.68	$11.10	$8.36	$8.15
Tangible Book Value per Share	$9.91	$9.92	$9.32	$9.12	$12.06	$8.71	$8.52	$8.68	$11.10	$8.36	$8.15
Total Capital	89,823	87,643	85,984	85,719	83,142	81,614	78,906	78,119	28,607	75,140	73,165
Total Debt	58,886	57,242	58,898	59,214	57,159	56,322	54,522	54,104	5,021	52,065	50,679
Total Long-Term Debt	52,663	53,573	54,748	52,664	53,415	50,975	50,343	50,230	0.00	47,742	47,854
Net Debt	56,480	56,029	57,668	57,662	56,139	55,390	53,560	53,042	3,606	51,118	50,272
Capital Expenditures (CapEx)	2,635	2,828	2,605	2,298	2,638	2,613	2,421	2,392	2,288	2,173	2,872
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,888	3,342	3,584	3,194	2,502	1,484	854	2,291	-1,926	403	601
Debt-free Net Working Capital (DFNWC)	5,294	4,555	4,814	4,746	3,522	2,416	1,816	3,353	-511	1,350	1,008
Net Working Capital (NWC)	-929	886	664	-1,804	-222	-2,931	-2,363	-521	-5,532	-2,973	-1,817
Net Nonoperating Expense (NNE)	515	824	681	457	477	1,330	-70	2,356	1,034	-426	462
Net Nonoperating Obligations (NNO)	55,849	57,603	58,903	59,164	56,991	56,328	54,406	53,704	6,142	51,744	50,711
Total Depreciation and Amortization (D&A)	1,097	1,055	1,059	1,053	1,022	853	811	997	1,077	941	1,002
Debt-free, Cash-free Net Working Capital to Revenue	11.78%	13.70%	14.84%	13.43%	10.84%	6.41%	3.97%	10.71%	-9.08%	1.86%	2.79%
Debt-free Net Working Capital to Revenue	21.60%	18.68%	19.94%	19.96%	15.26%	10.43%	8.43%	15.68%	-2.41%	6.23%	4.68%
Net Working Capital to Revenue	-3.79%	3.63%	2.75%	-7.59%	-0.96%	-12.65%	-10.98%	-2.44%	-26.08%	-13.71%	-8.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.28	$0.31	$0.27	$0.24	$0.34	$0.44	$0.16	$0.20	$0.29	$0.26	$0.23
Adjusted Weighted Average Basic Shares Outstanding	2.20B	2.14B	2.14B	2.14B	2.13B	2.06B	2.11B	2.02B	1.99B	1.99B	1.99B
Adjusted Diluted Earnings per Share	$0.28	$0.30	$0.27	$0.24	$0.34	$0.43	$0.16	$0.19	$0.27	$0.24	$0.21
Adjusted Weighted Average Diluted Shares Outstanding	2.20B	2.15B	2.14B	2.14B	2.14B	2.14B	2.14B	2.14B	2.13B	2.13B	2.13B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.94B	2.94B	2.88B	2.88B	2.88B	5.49B	5.49B	5.40B	5.21B	5.20B	5.20B
Normalized Net Operating Profit after Tax (NOPAT)	1,221	776	818	1,048	1,286	874	434	436	522	178	591
Normalized NOPAT Margin	20.41%	11.70%	13.84%	17.51%	21.94%	13.68%	7.83%	8.24%	8.80%	3.31%	10.95%
Pre Tax Income Margin	11.25%	6.92%	8.01%	10.12%	13.21%	7.27%	-1.17%	1.42%	3.77%	-3.58%	6.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.76	1.48	1.40	1.50	1.89	1.29	0.68	0.89	1.19	0.49	1.61
NOPAT to Interest Expense	1.57	2.05	1.58	1.21	1.69	2.43	0.41	4.32	2.67	0.16	1.75
EBIT Less CapEx to Interest Expense	-1.83	-2.40	-1.88	-1.33	-1.80	-1.53	-2.87	-2.84	-2.61	-3.37	-3.86
NOPAT Less CapEx to Interest Expense	-2.02	-1.82	-1.69	-1.62	-1.99	-0.39	-3.14	0.58	-1.13	-3.70	-3.72
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.98%	3.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	4.98%	3.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About PG&E's Financials

When does PG&E's fiscal year end?

According to the most recent income statement we have on file, PG&E's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has PG&E's net income changed over the last 9 years?

PG&E's net income appears to be on a downward trend, with a most recent value of $2.51 billion in 2024, rising from $888 million in 2015. The previous period was $2.26 billion in 2023. View PG&E's forecast to see where analysts expect PG&E to go next.

What is PG&E's operating income?

PG&E's total operating income in 2024 was $4.46 billion, based on the following breakdown:

Total Gross Profit: $20.93 billion
Total Operating Expenses: $16.47 billion

How has PG&E revenue changed over the last 9 years?

Over the last 9 years, PG&E's total revenue changed from $16.83 billion in 2015 to $24.39 billion in 2024, a change of 44.9%.

How much debt does PG&E have?

PG&E's total liabilities were at $103.26 billion at the end of 2024, a 3.1% increase from 2023, and a 122.5% increase since 2015.

How much cash does PG&E have?

In the past 9 years, PG&E's cash and equivalents has ranged from $123 million in 2015 to $1.67 billion in 2018, and is currently $940 million as of their latest financial filing in 2024.

How has PG&E's book value per share changed over the last 9 years?

Over the last 9 years, PG&E's book value per share changed from 21.96 in 2015 to 9.92 in 2024, a change of -54.8%.

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This page (NYSE:PCG) was last updated on 5/30/2025 by MarketBeat.com Staff

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