Portland General Electric (POR) Financials

$45.81 +0.45 (+0.99%)

Closing price 10/23/2025 03:59 PM Eastern

Extended Trading

$45.80 -0.01 (-0.01%)

As of 10/23/2025 06:55 PM Eastern

Annual Income Statements for Portland General Electric

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	172	193	187	212	214	155	244	233	228	313
Consolidated Net Income / (Loss)	172	193	187	212	214	155	244	233	228	313
Net Income / (Loss) Continuing Operations	172	193	187	212	214	155	244	233	228	313
Total Pre-Tax Income	217	243	273	229	241	155	267	272	273	350
Total Operating Income	309	340	380	346	353	269	378	397	396	512
Total Gross Profit	971	1,020	1,108	1,128	1,186	1,144	1,264	1,311	1,359	1,586
Total Revenue	1,898	1,923	2,009	1,991	2,123	2,145	2,396	2,647	2,923	3,440
Operating Revenue	1,898	1,923	2,009	1,991	2,123	2,145	2,396	2,647	2,923	3,440
Total Cost of Revenue	927	903	901	863	937	1,001	1,132	1,336	1,564	1,854
Operating Cost of Revenue	927	903	901	863	937	1,001	1,132	1,336	1,564	1,854
Total Operating Expenses	662	680	728	782	833	875	886	914	963	1,074
Selling, General & Admin Expense	241	240	260	271	290	283	336	340	341	403
Depreciation Expense	305	321	345	382	409	454	404	417	458	496
Other Operating Expenses / (Income)	116	119	123	129	134	138	146	157	164	175
Total Other Income / (Expense), net	-92	-97	-107	-117	-112	-114	-111	-125	50	-162
Interest Expense	114	112	120	124	128	136	137	156	173	211
Interest & Investment Income	21	21	12	11	10	16	17	14	19	23
Other Income / (Expense), net	1.00	-6.00	1.00	-4.00	6.00	6.00	9.00	17	31	26
Income Tax Expense	45	50	86	17	27	0.00	23	39	45	37
Basic Earnings per Share	$2.05	$2.17	$2.10	$2.38	$2.39	$1.73	$2.72	$2.61	$2.33	$3.02
Weighted Average Basic Shares Outstanding	84.18M	88.90M	89.06M	89.22M	89.35M	89.49M	89.48M	89.29M	97.76M	103.95M
Diluted Earnings per Share	$2.04	$2.16	$2.10	$2.37	$2.39	$1.72	$2.72	$2.60	$2.33	$3.01
Weighted Average Diluted Shares Outstanding	84.34M	89.05M	89.18M	89.35M	89.56M	89.65M	89.63M	89.64M	97.95M	104.16M
Weighted Average Basic & Diluted Shares Outstanding	83.90M	88.90M	89M	89.10M	89.39M	89.54M	89.43M	89.31M	101.16M	109.35M
Cash Dividends to Common per Share	$1.18	$1.26	$1.34	$1.43	$1.52	$1.59	$1.70	$1.79	$1.88	$1.98

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	58	51	74	39	47	68	109	72	94	38	100
Consolidated Net Income / (Loss)	58	51	74	39	47	68	109	72	94	38	100
Net Income / (Loss) Continuing Operations	58	51	74	39	47	68	109	72	94	38	100
Total Pre-Tax Income	70	54	88	49	53	83	122	79	105	44	122
Total Operating Income	92	87	117	81	85	113	162	116	146	88	168
Total Gross Profit	323	316	351	327	331	350	425	376	418	367	450
Total Revenue	743	687	748	648	802	725	929	758	929	824	928
Operating Revenue	743	687	748	648	802	725	929	758	929	824	928
Total Cost of Revenue	420	371	397	321	471	375	504	382	511	457	478
Operating Cost of Revenue	420	371	397	321	471	375	504	382	511	457	478
Total Operating Expenses	231	229	234	246	246	237	263	260	272	279	282
Selling, General & Admin Expense	84	83	80	93	89	79	95	97	102	109	96
Depreciation Expense	108	107	111	113	116	118	121	122	126	127	140
Other Operating Expenses / (Income)	39	39	43	40	41	40	47	41	44	43	46
Total Other Income / (Expense), net	-22	-33	-29	-32	-32	143	-40	-37	-41	-44	-46
Interest Expense	39	41	44	41	42	46	51	52	53	55	56
Interest & Investment Income	4.00	4.00	3.00	4.00	5.00	7.00	5.00	6.00	6.00	6.00	5.00
Other Income / (Expense), net	13	4.00	12	5.00	5.00	9.00	6.00	9.00	6.00	5.00	5.00
Income Tax Expense	12	3.00	14	10	6.00	15	13	7.00	11	6.00	22
Weighted Average Basic Shares Outstanding	89.26M	89.29M	91.84M	97.09M	100.85M	97.76M	101.30M	103.03M	103.85M	103.95M	109.42M
Diluted Earnings per Share	$0.65	$0.56	$0.80	$0.39	$0.46	$0.68	$1.08	$0.69	$0.90	$0.34	$0.91
Weighted Average Diluted Shares Outstanding	89.45M	89.64M	92.57M	97.63M	101.10M	97.95M	101.47M	103.23M	104.34M	104.16M	109.68M
Weighted Average Basic & Diluted Shares Outstanding	89.27M	89.31M	96.62M	101.09M	101.12M	101.16M	103.03M	103.07M	105.46M	109.35M	109.51M
Cash Dividends to Common per Share	$0.45	-	$0.45	$0.48	$0.48	-	$0.48	$0.50	$0.50	-	$0.50

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-123	2.00	33	80	-89	227	-205	113	-160	7.00
Net Cash From Operating Activities	520	562	597	630	546	567	532	674	420	778
Net Cash From Continuing Operating Activities	520	562	597	630	546	567	532	674	420	778
Net Income / (Loss) Continuing Operations	172	193	187	212	214	155	244	233	228	313
Consolidated Net Income / (Loss)	172	193	187	212	214	155	244	233	228	313
Depreciation Expense	305	321	345	382	409	454	404	417	458	496
Amortization Expense	14	-6.00	-22	-2.00	-2.00	6.00	29	-11	-11	40
Non-Cash Adjustments To Reconcile Net Income	41	19	43	80	22	-16	84	109	-117	48
Changes in Operating Assets and Liabilities, net	-12	35	44	-42	-97	-32	-229	-74	-138	-119
Net Cash From Investing Activities	-522	-585	-514	-471	-604	-787	-656	-758	-1,358	-1,297
Net Cash From Continuing Investing Activities	-522	-585	-514	-471	-604	-787	-656	-758	-1,358	-1,297
Purchase of Property, Plant & Equipment	-598	-584	-514	-595	-606	-784	-636	-766	-1,358	-1,268
Purchase of Investments	-19	-25	-18	-12	-8.00	-6.00	-10	-3.00	-1.00	-8.00
Sale and/or Maturity of Investments	72	27	21	15	13	9.00	12	3.00	1.00	2.00
Other Investing Activities, net	23	-3.00	-3.00	121	-3.00	-6.00	-22	8.00	0.00	-23
Net Cash From Financing Activities	-121	25	-50	-79	-31	447	-81	197	778	526
Net Cash From Continuing Financing Activities	-121	25	-50	-79	-31	447	-81	197	778	526
Repayment of Debt	-446	-149	-157	-29	-367	-237	-519	-12	-128	-144
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-12	-18	0.00	0.00
Payment of Dividends	-97	-110	-118	-125	-134	-140	-150	-158	-179	-200
Issuance of Debt	151	284	225	75	470	824	600	385	600	524
Issuance of Common Equity	271	-	-	-	-	-	0.00	0.00	485	346
Cash Interest Paid	108	104	110	117	116	113	120	128	136	174
Cash Income Taxes Paid	3.00	16	18	25	33	17	16	37	12	0.00

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-73	147	-153	1.00	34	-42	171	-170	29	-23	-1.00
Net Cash From Operating Activities	123	100	-39	182	188	89	175	189	244	170	231
Net Cash From Continuing Operating Activities	123	100	-39	182	188	89	175	189	244	170	231
Net Income / (Loss) Continuing Operations	58	51	74	39	47	68	109	72	94	38	100
Consolidated Net Income / (Loss)	58	51	74	39	47	68	109	72	94	38	100
Depreciation Expense	108	107	111	113	116	118	121	122	126	127	140
Amortization Expense	-	-	-3.00	-2.00	-1.00	-5.00	11	3.00	13	13	4.00
Non-Cash Adjustments To Reconcile Net Income	-1.00	72	8.00	16	14	-155	19	25	33	-29	30
Changes in Operating Assets and Liabilities, net	-42	-119	-229	16	12	63	-85	-33	-22	21	-43
Net Cash From Investing Activities	-194	-230	-276	-298	-358	-426	-331	-308	-261	-397	-376
Net Cash From Continuing Investing Activities	-194	-230	-276	-298	-358	-426	-331	-308	-261	-397	-376
Purchase of Property, Plant & Equipment	-196	-225	-274	-299	-358	-427	-325	-298	-253	-392	-359
Purchase of Investments	-	-	0.00	-	-1.00	-	0.00	-4.00	-	-4.00	-2.00
Other Investing Activities, net	1.00	8.00	-4.00	1.00	-	3.00	-6.00	-6.00	-8.00	-3.00	-15
Net Cash From Financing Activities	-2.00	277	162	117	204	295	327	-51	46	204	144
Net Cash From Continuing Financing Activities	-2.00	277	162	117	204	295	327	-51	46	204	144
Repayment of Debt	38	-42	-266	-3.00	-2.00	143	-7.00	-3.00	-2.00	-132	-111
Payment of Dividends	-40	-41	-40	-44	-47	-48	-48	-48	-52	-52	-55
Issuance of Debt	-	385	168	72	160	200	304	-	-	220	310
Issuance of Common Equity	-	-	300	92	93	-	78	-	100	168	0.00
Cash Interest Paid	18	47	22	48	21	45	26	55	40	53	43
Cash Income Taxes Paid	2.00	19	2.00	14	9.00	-13	2.00	-12	-4.00	14	-1.00

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	7,210	7,527	7,838	8,110	8,394	9,069	9,494	10,459	11,208	12,544
Total Current Assets	557	463	526	643	500	721	688	1,210	935	1,025
Cash & Equivalents	4.00	6.00	39	119	-	257	52	165	5.00	12
Accounts Receivable	253	262	274	289	253	271	329	398	414	456
Inventories, net	83	82	78	84	96	72	78	95	113	114
Other Current Assets	217	113	135	151	121	121	229	552	403	443
Plant, Property, & Equipment, net	6,012	6,434	6,741	6,887	7,161	7,539	8,005	8,465	9,546	10,345
Plant, Property & Equipment, gross	9,105	9,747	10,305	10,690	11,256	11,403	12,151	12,888	14,303	15,430
Accumulated Depreciation	3,093	3,313	3,564	3,803	4,095	3,864	4,146	4,423	4,757	5,085
Total Noncurrent Assets	641	630	571	580	733	809	801	784	727	1,174
Other Noncurrent Operating Assets	641	630	571	580	733	809	801	784	727	1,174
Total Liabilities & Shareholders' Equity	7,210	7,527	7,838	8,110	8,394	9,069	9,494	10,459	11,208	12,544
Total Liabilities	4,952	5,183	5,422	5,604	5,803	6,456	6,787	7,680	7,889	8,750
Total Current Liabilities	626	577	432	791	519	815	768	1,496	1,112	1,119
Short-Term Debt	139	150	0.00	300	0.00	326	0.00	260	226	197
Accounts Payable	98	129	132	168	165	153	244	457	347	365
Other Current Liabilities	389	298	300	323	354	336	524	779	539	557
Total Noncurrent Liabilities	4,326	4,606	4,990	4,813	5,284	5,641	6,019	6,184	6,777	7,631
Long-Term Debt	2,060	2,200	2,426	2,178	2,597	2,886	3,285	3,386	3,905	4,354
Capital Lease Obligations	-	-	-	0.00	135	129	273	294	289	276
Asset Retirement Reserve & Litigation Obligation	1,079	1,119	1,455	1,552	1,640	1,639	1,598	1,646	1,670	1,732
Noncurrent Deferred & Payable Income Tax Liabilities	632	669	376	369	378	374	413	439	488	625
Noncurrent Employee Benefit Liabilities	365	386	390	410	350	400	301	253	251	214
Other Noncurrent Operating Liabilities	190	232	343	304	184	213	149	166	174	430
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,258	2,344	2,416	2,506	2,591	2,613	2,707	2,779	3,319	3,794
Total Preferred & Common Equity	2,258	2,344	2,416	2,506	2,591	2,613	2,707	2,779	3,319	3,794
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,258	2,344	2,416	2,506	2,591	2,613	2,707	2,779	3,319	3,794
Common Stock	1,196	1,201	1,207	1,212	1,220	1,231	1,241	1,249	1,750	2,118
Retained Earnings	1,070	1,150	1,217	1,301	1,381	1,393	1,476	1,534	1,574	1,680
Accumulated Other Comprehensive Income / (Loss)	-8.00	-7.00	-8.00	-7.00	-10	-11	-10	-4.00	-5.00	-4.00

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

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	9,849	10,151	10,370	10,603	11,588	11,582	11,881	12,695
Total Current Assets	750	766	676	724	1,082	848	950	974
Restricted Cash	18	12	13	47	176	6.00	35	11
Accounts Receivable	345	362	310	364	412	385	459	473
Inventories, net	91	95	108	109	114	117	115	111
Other Current Assets	296	297	245	204	380	340	341	379
Plant, Property, & Equipment, net	8,292	8,611	8,841	9,078	9,663	9,873	10,075	10,534
Total Noncurrent Assets	807	774	853	801	843	861	856	1,187
Other Noncurrent Operating Assets	807	774	853	801	843	861	856	1,187
Total Liabilities & Shareholders' Equity	9,849	10,151	10,370	10,603	11,588	11,582	11,881	12,695
Total Liabilities	7,089	7,039	7,170	7,308	8,129	8,098	8,251	8,851
Total Current Liabilities	990	751	761	636	885	850	972	922
Short-Term Debt	40	68	140	0.00	80	80	80	68
Accounts Payable	287	242	227	187	289	259	351	281
Other Current Liabilities	663	441	394	449	516	511	541	573
Total Noncurrent Liabilities	6,099	6,288	6,409	6,672	7,244	7,248	7,279	7,929
Long-Term Debt	3,286	3,485	3,486	3,786	4,353	4,353	4,354	4,663
Capital Lease Obligations	296	293	292	291	285	283	279	273
Asset Retirement Reserve & Litigation Obligation	1,636	1,648	1,672	1,679	1,679	1,680	1,686	1,705
Noncurrent Deferred & Payable Income Tax Liabilities	435	447	452	445	534	540	552	654
Noncurrent Employee Benefit Liabilities	91	81	79	78	78	76	76	73
Other Noncurrent Operating Liabilities	355	334	428	393	315	316	332	561
Commitments & Contingencies	-	0.00	0.00	0.00	-	0.00	-	0.00
Total Equity & Noncontrolling Interests	2,760	3,112	3,200	3,295	3,459	3,484	3,630	3,844
Total Preferred & Common Equity	2,760	3,112	3,200	3,295	3,459	3,484	3,630	3,844
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,760	3,112	3,200	3,295	3,459	3,484	3,630	3,844
Common Stock	1,245	1,548	1,647	1,744	1,828	1,833	1,938	2,123
Retained Earnings	1,524	1,568	1,556	1,554	1,635	1,655	1,697	1,725
Accumulated Other Comprehensive Income / (Loss)	-9.00	-4.00	-3.00	-3.00	-4.00	-4.00	-5.00	-4.00

This table displays calculated financial ratios and metrics derived from Portland General Electric's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.11%	1.32%	4.47%	-0.90%	6.63%	1.04%	11.70%	10.48%	10.43%	17.69%
EBITDA Growth	4.66%	3.18%	8.47%	2.56%	6.09%	-4.05%	11.56%	0.00%	6.59%	22.88%
EBIT Growth	5.44%	7.74%	14.07%	-10.24%	4.97%	-23.40%	40.73%	6.98%	3.14%	26.00%
NOPAT Growth	12.90%	10.26%	-3.61%	23.06%	-2.14%	-14.18%	28.42%	-1.55%	-2.75%	38.45%
Net Income Growth	-1.15%	12.21%	-3.11%	13.37%	0.94%	-27.57%	57.42%	-4.51%	-2.15%	37.28%
EPS Growth	-6.42%	5.88%	-2.78%	12.86%	0.84%	-28.03%	58.14%	-4.41%	-10.38%	29.18%
Operating Cash Flow Growth	0.00%	8.08%	6.23%	5.53%	-13.33%	3.85%	-6.17%	26.69%	-37.69%	85.24%
Free Cash Flow Firm Growth	117.52%	-54.45%	314.64%	77.79%	-144.34%	-17.85%	-26.34%	99.46%	-91,932.96%	50.88%
Invested Capital Growth	3.92%	5.28%	2.45%	1.29%	8.80%	7.63%	9.06%	5.49%	18.00%	11.31%
Revenue Q/Q Growth	-0.05%	1.32%	-0.45%	0.45%	1.14%	-20.35%	34.00%	3.08%	1.32%	2.96%
EBITDA Q/Q Growth	4.66%	2.37%	1.15%	-2.96%	5.22%	1.66%	-1.09%	-1.91%	3.68%	-0.19%
EBIT Q/Q Growth	4.38%	7.05%	0.53%	-10.00%	8.13%	-6.78%	7.20%	-3.04%	7.83%	-5.11%
NOPAT Q/Q Growth	6.60%	7.71%	-11.16%	10.20%	1.26%	-3.89%	5.72%	-3.58%	3.36%	-3.30%
Net Income Q/Q Growth	4.88%	5.46%	-9.22%	3.41%	5.94%	-5.49%	6.09%	-6.05%	8.06%	-8.75%
EPS Q/Q Growth	1.49%	4.85%	-8.70%	3.04%	5.75%	-6.01%	6.25%	-6.14%	5.43%	-10.15%
Operating Cash Flow Q/Q Growth	7.00%	-2.77%	2.23%	2.61%	-8.39%	16.67%	-24.75%	28.63%	-2.55%	11.62%
Free Cash Flow Firm Q/Q Growth	6,277.04%	-26.57%	-3.12%	-3.50%	-157.68%	19.70%	-436.11%	99.58%	-32.48%	18.13%
Invested Capital Q/Q Growth	2.51%	3.10%	2.41%	3.23%	4.46%	3.30%	7.29%	2.99%	5.58%	3.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.16%	53.04%	55.15%	56.65%	55.86%	53.33%	52.75%	49.53%	46.49%	46.10%
EBITDA Margin	33.14%	33.75%	35.04%	36.26%	36.08%	34.27%	34.22%	30.98%	29.90%	31.22%
Operating Margin	16.28%	17.68%	18.91%	17.38%	16.63%	12.54%	15.78%	15.00%	13.55%	14.88%
EBIT Margin	16.33%	17.37%	18.96%	17.18%	16.91%	12.82%	16.15%	15.64%	14.61%	15.64%
Profit (Net Income) Margin	9.06%	10.04%	9.31%	10.65%	10.08%	7.23%	10.18%	8.80%	7.80%	9.10%
Tax Burden Percent	79.26%	79.42%	68.50%	92.58%	88.80%	100.00%	91.39%	85.66%	83.52%	89.43%
Interest Burden Percent	70.00%	72.75%	71.65%	66.96%	67.13%	56.36%	68.99%	65.70%	63.93%	65.06%
Effective Tax Rate	20.74%	20.58%	31.50%	7.42%	11.20%	0.00%	8.61%	14.34%	16.48%	10.57%
Return on Invested Capital (ROIC)	5.61%	5.91%	5.49%	6.63%	6.17%	4.90%	5.80%	5.33%	4.63%	5.60%
ROIC Less NNEP Spread (ROIC-NNEP)	2.41%	2.51%	2.39%	2.06%	2.24%	0.95%	2.72%	2.39%	2.12%	2.46%
Return on Net Nonoperating Assets (RNNOA)	2.65%	2.48%	2.37%	1.99%	2.23%	1.06%	3.37%	3.17%	2.85%	3.20%
Return on Equity (ROE)	8.25%	8.39%	7.86%	8.61%	8.40%	5.96%	9.17%	8.49%	7.48%	8.80%
Cash Return on Invested Capital (CROIC)	1.76%	0.77%	3.06%	5.34%	-2.26%	-2.46%	-2.86%	-0.01%	-11.89%	-5.10%
Operating Return on Assets (OROA)	4.35%	4.53%	4.96%	4.29%	4.35%	3.15%	4.17%	4.15%	3.94%	4.53%
Return on Assets (ROA)	2.41%	2.62%	2.43%	2.66%	2.59%	1.78%	2.63%	2.34%	2.10%	2.64%
Return on Common Equity (ROCE)	8.25%	8.39%	7.86%	8.61%	8.40%	5.96%	9.17%	8.49%	7.48%	8.80%
Return on Equity Simple (ROE_SIMPLE)	7.62%	8.23%	7.74%	8.46%	8.26%	5.93%	9.01%	8.38%	6.87%	8.25%
Net Operating Profit after Tax (NOPAT)	245	270	260	320	313	269	345	340	331	458
NOPAT Margin	12.90%	14.04%	12.96%	16.09%	14.76%	12.54%	14.42%	12.85%	11.31%	13.31%
Net Nonoperating Expense Percent (NNEP)	3.19%	3.39%	3.10%	4.56%	3.93%	3.94%	3.08%	2.94%	2.51%	3.14%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.06%	4.27%	5.31%
Cost of Revenue to Revenue	48.84%	46.96%	44.85%	43.35%	44.14%	46.67%	47.25%	50.47%	53.51%	53.90%
SG&A Expenses to Revenue	12.70%	12.48%	12.94%	13.61%	13.66%	13.19%	14.02%	12.84%	11.67%	11.72%
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	34.88%	35.36%	36.24%	39.28%	39.24%	40.79%	36.98%	34.53%	32.95%	31.22%
Earnings before Interest and Taxes (EBIT)	310	334	381	342	359	275	387	414	427	538
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	629	649	704	722	766	735	820	820	874	1,074
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.06	1.26	1.33	1.33	1.61	1.28	1.58	1.44	1.26	1.21
Price to Tangible Book Value (P/TBV)	1.06	1.26	1.33	1.33	1.61	1.28	1.58	1.44	1.26	1.21
Price to Revenue (P/Rev)	1.26	1.53	1.59	1.68	1.97	1.56	1.78	1.51	1.43	1.34
Price to Earnings (P/E)	13.96	15.29	17.13	15.73	19.52	21.55	17.52	17.20	18.37	14.70
Dividend Yield	4.36%	3.80%	3.73%	3.82%	3.25%	4.25%	3.55%	3.98%	4.53%	4.53%
Earnings Yield	7.17%	6.54%	5.84%	6.36%	5.12%	4.64%	5.71%	5.81%	5.44%	6.80%
Enterprise Value to Invested Capital (EV/IC)	1.03	1.13	1.16	1.17	1.30	1.13	1.25	1.19	1.11	1.09
Enterprise Value to Revenue (EV/Rev)	2.42	2.75	2.78	2.86	3.24	2.99	3.25	2.94	2.94	2.74
Enterprise Value to EBITDA (EV/EBITDA)	7.31	8.16	7.94	7.89	8.98	8.74	9.49	9.49	9.84	8.77
Enterprise Value to EBIT (EV/EBIT)	14.82	15.85	14.67	16.65	19.16	23.36	20.10	18.80	20.15	17.50
Enterprise Value to NOPAT (EV/NOPAT)	18.76	19.61	21.47	17.78	21.95	23.88	22.52	22.89	26.02	20.56
Enterprise Value to Operating Cash Flow (EV/OCF)	8.84	9.42	9.36	9.04	12.60	11.33	14.62	11.55	20.49	12.10
Enterprise Value to Free Cash Flow (EV/FCFF)	59.74	151.12	38.47	22.04	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.97	1.00	1.00	0.99	1.05	1.28	1.31	1.42	1.33	1.27
Long-Term Debt to Equity	0.91	0.94	1.00	0.87	1.05	1.15	1.31	1.32	1.26	1.22
Financial Leverage	1.10	0.99	0.99	0.96	0.99	1.11	1.24	1.33	1.34	1.30
Leverage Ratio	3.42	3.20	3.23	3.24	3.24	3.36	3.49	3.64	3.55	3.34
Compound Leverage Factor	2.39	2.33	2.31	2.17	2.17	1.89	2.41	2.39	2.27	2.17
Debt to Total Capital	49.34%	50.06%	50.10%	49.72%	51.32%	56.11%	56.79%	58.64%	57.11%	55.99%
Short-Term Debt to Total Capital	3.12%	3.20%	0.00%	6.02%	0.00%	5.48%	0.00%	3.87%	2.92%	2.29%
Long-Term Debt to Total Capital	46.22%	46.87%	50.10%	43.70%	51.32%	50.64%	56.79%	54.77%	54.19%	53.71%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.66%	49.94%	49.90%	50.28%	48.68%	43.89%	43.21%	41.36%	42.89%	44.01%
Debt to EBITDA	3.50	3.62	3.45	3.43	3.57	4.55	4.34	4.80	5.06	4.49
Net Debt to EBITDA	3.49	3.61	3.39	3.27	3.53	4.20	4.28	4.60	5.05	4.48
Long-Term Debt to EBITDA	3.28	3.39	3.45	3.02	3.57	4.10	4.34	4.49	4.80	4.31
Debt to NOPAT	8.98	8.70	9.32	7.74	8.72	12.42	10.30	11.59	13.36	10.54
Net Debt to NOPAT	8.96	8.68	9.17	7.36	8.62	11.46	10.15	11.10	13.35	10.52
Long-Term Debt to NOPAT	8.41	8.15	9.32	6.80	8.72	11.21	10.30	10.82	12.68	10.11
Altman Z-Score	0.89	0.94	1.00	0.94	1.05	0.85	0.97	0.87	0.88	0.91
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.89	0.80	1.22	0.81	0.96	0.88	0.90	0.81	0.84	0.92
Quick Ratio	0.41	0.46	0.72	0.52	0.49	0.65	0.50	0.38	0.38	0.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	77	35	145	258	-115	-135	-171	-0.92	-849	-417
Operating Cash Flow to CapEx	86.96%	96.23%	116.15%	105.88%	90.10%	72.32%	83.65%	87.99%	30.93%	61.36%
Free Cash Flow to Firm to Interest Expense	0.67	0.31	1.21	2.08	-0.89	-0.99	-1.25	-0.01	-4.91	-1.98
Operating Cash Flow to Interest Expense	4.56	5.02	4.98	5.08	4.27	4.17	3.88	4.32	2.43	3.69
Operating Cash Flow Less CapEx to Interest Expense	-0.68	-0.20	0.69	0.28	-0.47	-1.60	-0.76	-0.59	-5.42	-2.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.26	0.26	0.25	0.26	0.25	0.26	0.27	0.27	0.29
Accounts Receivable Turnover	7.67	7.47	7.50	7.07	7.83	8.19	7.99	7.28	7.20	7.91
Inventory Turnover	11.24	10.95	11.26	10.65	10.41	11.92	15.09	15.45	15.04	16.33
Fixed Asset Turnover	0.32	0.31	0.31	0.29	0.30	0.29	0.31	0.32	0.32	0.35
Accounts Payable Turnover	7.30	7.96	6.90	5.75	5.63	6.30	5.70	3.81	3.89	5.21
Days Sales Outstanding (DSO)	47.60	48.88	48.69	51.61	46.59	44.58	45.70	50.12	50.70	46.16
Days Inventory Outstanding (DIO)	32.48	33.35	32.41	34.26	35.06	30.63	24.18	23.63	24.27	22.34
Days Payable Outstanding (DPO)	50.01	45.88	52.87	63.44	64.86	57.98	64.00	95.76	93.82	70.09
Cash Conversion Cycle (CCC)	30.07	36.35	28.23	22.42	16.79	17.24	5.88	-22.00	-18.85	-1.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,453	4,688	4,803	4,865	5,293	5,697	6,213	6,554	7,734	8,609
Invested Capital Turnover	0.43	0.42	0.42	0.41	0.42	0.39	0.40	0.41	0.41	0.42
Increase / (Decrease) in Invested Capital	168	235	115	62	428	404	516	341	1,180	875
Enterprise Value (EV)	4,595	5,295	5,590	5,694	6,880	6,424	7,780	7,783	8,604	9,415
Market Capitalization	2,400	2,951	3,203	3,335	4,178	3,340	4,274	4,008	4,189	4,600
Book Value per Share	$25.44	$26.36	$27.12	$28.08	$28.99	$29.19	$30.28	$31.13	$32.82	$35.98
Tangible Book Value per Share	$25.44	$26.36	$27.12	$28.08	$28.99	$29.19	$30.28	$31.13	$32.82	$35.98
Total Capital	4,457	4,694	4,842	4,984	5,323	5,954	6,265	6,719	7,739	8,621
Total Debt	2,199	2,350	2,426	2,478	2,732	3,341	3,558	3,940	4,420	4,827
Total Long-Term Debt	2,060	2,200	2,426	2,178	2,732	3,015	3,558	3,680	4,194	4,630
Net Debt	2,195	2,344	2,387	2,359	2,702	3,084	3,506	3,775	4,415	4,815
Capital Expenditures (CapEx)	598	584	514	595	606	784	636	766	1,358	1,268
Debt-free, Cash-free Net Working Capital (DFCFNWC)	66	30	55	33	-49	-25	-132	-191	44	91
Debt-free Net Working Capital (DFNWC)	70	36	94	152	-19	232	-80	-26	49	103
Net Working Capital (NWC)	-69	-114	94	-148	-19	-94	-80	-286	-177	-94
Net Nonoperating Expense (NNE)	73	77	73	108	99	114	101	107	103	145
Net Nonoperating Obligations (NNO)	2,195	2,344	2,387	2,359	2,702	3,084	3,506	3,775	4,415	4,815
Total Depreciation and Amortization (D&A)	319	315	323	380	407	460	433	406	447	536
Debt-free, Cash-free Net Working Capital to Revenue	3.48%	1.56%	2.74%	1.66%	-2.31%	-1.17%	-5.51%	-7.22%	1.51%	2.65%
Debt-free Net Working Capital to Revenue	3.69%	1.87%	4.68%	7.63%	-0.90%	10.82%	-3.34%	-0.98%	1.68%	2.99%
Net Working Capital to Revenue	-3.64%	-5.93%	4.68%	-7.43%	-0.90%	-4.38%	-3.34%	-10.80%	-6.06%	-2.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.05	$2.17	$2.10	$2.38	$2.39	$1.73	$2.72	$2.61	$2.33	$3.02
Adjusted Weighted Average Basic Shares Outstanding	84.18M	88.90M	89.06M	89.22M	89.35M	89.49M	89.48M	89.29M	97.76M	103.95M
Adjusted Diluted Earnings per Share	$2.04	$2.16	$2.10	$2.37	$2.39	$1.72	$2.72	$2.60	$2.33	$3.01
Adjusted Weighted Average Diluted Shares Outstanding	84.34M	89.05M	89.18M	89.35M	89.56M	89.65M	89.63M	89.64M	97.95M	104.16M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	88.79M	88.95M	89.11M	89.27M	89.39M	89.54M	89.43M	89.31M	101.16M	109.35M
Normalized Net Operating Profit after Tax (NOPAT)	245	270	260	320	313	188	345	340	331	458
Normalized NOPAT Margin	12.90%	14.04%	12.96%	16.09%	14.76%	8.78%	14.42%	12.85%	11.31%	13.31%
Pre Tax Income Margin	11.43%	12.64%	13.59%	11.50%	11.35%	7.23%	11.14%	10.28%	9.34%	10.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.72	2.98	3.18	2.76	2.80	2.02	2.82	2.65	2.47	2.55
NOPAT to Interest Expense	2.15	2.41	2.17	2.58	2.45	1.98	2.52	2.18	1.91	2.17
EBIT Less CapEx to Interest Expense	-2.53	-2.23	-1.11	-2.04	-1.93	-3.74	-1.82	-2.26	-5.38	-3.46
NOPAT Less CapEx to Interest Expense	-3.10	-2.80	-2.11	-2.22	-2.29	-3.79	-2.12	-2.73	-5.94	-3.84
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	56.40%	56.99%	63.10%	58.96%	62.62%	90.32%	61.48%	67.81%	78.51%	63.90%
Augmented Payout Ratio	56.40%	56.99%	63.10%	58.96%	62.62%	90.32%	66.39%	75.54%	78.51%	63.90%

This table displays calculated financial ratios and metrics derived from Portland General Electric's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.73%	12.99%	19.49%	9.64%	7.94%	5.53%	24.20%	16.98%	15.84%	13.66%	-0.11%
EBITDA Growth	8.12%	-5.26%	15.61%	-8.37%	-3.76%	18.69%	26.58%	26.90%	41.95%	-0.85%	5.67%
EBIT Growth	25.00%	-12.50%	21.70%	-23.21%	-14.29%	34.07%	30.23%	45.35%	68.89%	-23.77%	2.98%
NOPAT Growth	1.03%	-12.48%	9.83%	-30.75%	-1.12%	12.67%	47.11%	63.99%	73.40%	-17.91%	-4.86%
Net Income Growth	16.00%	-22.73%	23.33%	-39.06%	-18.97%	33.33%	47.30%	84.62%	100.00%	-44.12%	-8.26%
EPS Growth	16.07%	-23.29%	19.40%	-45.83%	-29.23%	21.43%	35.00%	76.92%	95.65%	-50.00%	-15.74%
Operating Cash Flow Growth	-59.80%	300.00%	-115.66%	-9.90%	52.85%	-11.00%	548.72%	3.85%	29.79%	91.01%	32.00%
Free Cash Flow Firm Growth	-147.71%	38.68%	-107.11%	-213.06%	-78.28%	-320.12%	-37.17%	-21.31%	3.76%	26.52%	23.29%
Invested Capital Growth	9.89%	5.49%	12.32%	14.04%	15.10%	18.00%	15.19%	15.33%	13.42%	11.31%	10.45%
Revenue Q/Q Growth	25.72%	-7.54%	8.88%	-13.37%	23.77%	-9.60%	28.14%	-18.41%	22.56%	-11.30%	12.62%
EBITDA Q/Q Growth	-0.93%	-7.04%	19.70%	-16.88%	4.06%	14.63%	25.00%	-16.67%	16.40%	-19.93%	36.05%
EBIT Q/Q Growth	-6.25%	-13.33%	41.76%	-33.33%	4.65%	35.56%	37.70%	-25.60%	21.60%	-38.82%	86.02%
NOPAT Q/Q Growth	-18.11%	7.79%	19.74%	-34.47%	16.92%	22.82%	56.34%	-26.96%	23.63%	-41.85%	81.19%
Net Income Q/Q Growth	-9.38%	-12.07%	45.10%	-47.30%	20.51%	44.68%	60.29%	-33.95%	30.56%	-59.57%	163.16%
EPS Q/Q Growth	-9.72%	-13.85%	42.86%	-51.25%	17.95%	47.83%	58.82%	-36.11%	30.43%	-62.22%	167.65%
Operating Cash Flow Q/Q Growth	-39.11%	-18.70%	-139.00%	566.67%	3.30%	-52.66%	96.63%	8.00%	29.10%	-30.33%	35.88%
Free Cash Flow Firm Q/Q Growth	-91.87%	47.90%	-156.39%	-22.14%	-9.26%	-22.79%	16.29%	-8.02%	13.32%	6.25%	12.60%
Invested Capital Q/Q Growth	2.15%	2.99%	5.98%	2.29%	3.10%	5.58%	3.45%	2.41%	1.39%	3.62%	2.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.47%	46.00%	46.93%	50.46%	41.27%	48.28%	45.75%	49.60%	44.99%	44.54%	48.49%
EBITDA Margin	28.67%	28.82%	31.68%	30.40%	25.56%	32.41%	32.29%	32.98%	31.32%	28.28%	34.16%
Operating Margin	12.38%	12.66%	15.64%	12.50%	10.60%	15.59%	17.44%	15.30%	15.72%	10.68%	18.10%
EBIT Margin	14.13%	13.25%	17.25%	13.27%	11.22%	16.83%	18.08%	16.49%	16.36%	11.29%	18.64%
Profit (Net Income) Margin	7.81%	7.42%	9.89%	6.02%	5.86%	9.38%	11.73%	9.50%	10.12%	4.61%	10.78%
Tax Burden Percent	82.86%	94.44%	84.09%	79.59%	88.68%	81.93%	89.34%	91.14%	89.52%	86.36%	81.97%
Interest Burden Percent	66.67%	59.34%	68.22%	56.98%	58.89%	68.03%	72.62%	63.20%	69.08%	47.31%	70.52%
Effective Tax Rate	17.14%	5.56%	15.91%	20.41%	11.32%	18.07%	10.66%	8.86%	10.48%	13.64%	18.03%
Return on Invested Capital (ROIC)	4.34%	4.96%	5.55%	4.22%	3.96%	5.22%	6.47%	5.86%	6.01%	3.88%	6.06%
ROIC Less NNEP Spread (ROIC-NNEP)	3.79%	4.10%	4.88%	3.53%	3.22%	4.62%	5.62%	5.08%	5.17%	3.06%	5.27%
Return on Net Nonoperating Assets (RNNOA)	4.69%	5.45%	6.13%	4.40%	4.06%	6.21%	7.16%	6.54%	6.50%	3.97%	6.88%
Return on Equity (ROE)	9.02%	10.41%	11.68%	8.61%	8.02%	11.44%	13.63%	12.40%	12.52%	7.85%	12.94%
Cash Return on Invested Capital (CROIC)	-3.63%	-0.01%	-6.30%	-8.31%	-9.37%	-11.89%	-9.06%	-8.77%	-6.52%	-5.10%	-4.59%
Operating Return on Assets (OROA)	3.74%	3.51%	4.81%	3.72%	3.17%	4.54%	5.16%	4.83%	4.86%	3.27%	5.28%
Return on Assets (ROA)	2.07%	1.97%	2.76%	1.69%	1.65%	2.53%	3.35%	2.78%	3.01%	1.34%	3.05%
Return on Common Equity (ROCE)	9.02%	10.41%	11.68%	8.61%	8.02%	11.44%	13.63%	12.40%	12.52%	7.85%	12.94%
Return on Equity Simple (ROE_SIMPLE)	8.99%	0.00%	7.94%	6.94%	6.40%	0.00%	7.60%	8.50%	9.45%	0.00%	7.91%
Net Operating Profit after Tax (NOPAT)	76	82	98	64	75	93	145	106	131	76	138
NOPAT Margin	10.26%	11.96%	13.15%	9.95%	9.40%	12.77%	15.58%	13.95%	14.07%	9.22%	14.84%
Net Nonoperating Expense Percent (NNEP)	0.54%	0.86%	0.67%	0.69%	0.74%	0.60%	0.85%	0.78%	0.84%	0.82%	0.79%
Return On Investment Capital (ROIC_SIMPLE)	-	1.22%	-	-	-	1.20%	-	-	-	0.88%	1.56%
Cost of Revenue to Revenue	56.53%	54.00%	53.07%	49.54%	58.73%	51.72%	54.25%	50.40%	55.01%	55.46%	51.51%
SG&A Expenses to Revenue	11.31%	12.08%	10.70%	14.35%	11.10%	10.90%	10.23%	12.80%	10.98%	13.23%	10.34%
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	31.09%	33.33%	31.28%	37.96%	30.67%	32.69%	28.31%	34.30%	29.28%	33.86%	30.39%
Earnings before Interest and Taxes (EBIT)	105	91	129	86	90	122	168	125	152	93	173
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	213	198	237	197	205	235	300	250	291	233	317
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.30	1.44	1.33	1.35	1.19	1.26	1.21	1.28	1.36	1.21	1.27
Price to Tangible Book Value (P/TBV)	1.30	1.44	1.33	1.35	1.19	1.26	1.21	1.28	1.36	1.21	1.27
Price to Revenue (P/Rev)	1.40	1.51	1.49	1.53	1.36	1.43	1.35	1.39	1.48	1.34	1.42
Price to Earnings (P/E)	14.51	17.20	16.72	19.48	18.54	18.37	15.96	15.05	14.39	14.70	16.04
Dividend Yield	4.38%	3.98%	3.91%	4.10%	4.79%	4.53%	4.58%	4.45%	4.07%	4.53%	4.48%
Earnings Yield	6.89%	5.81%	5.98%	5.13%	5.39%	5.44%	6.27%	6.64%	6.95%	6.80%	6.23%
Enterprise Value to Invested Capital (EV/IC)	1.13	1.19	1.15	1.16	1.08	1.11	1.09	1.12	1.16	1.09	1.12
Enterprise Value to Revenue (EV/Rev)	2.80	2.94	2.88	2.91	2.75	2.94	2.82	2.85	2.88	2.74	2.87
Enterprise Value to EBITDA (EV/EBITDA)	8.62	9.49	9.20	9.68	9.42	9.84	9.33	9.26	8.94	8.77	9.05
Enterprise Value to EBIT (EV/EBIT)	16.87	18.80	18.23	20.02	20.06	20.15	18.75	18.15	16.96	17.50	18.18
Enterprise Value to NOPAT (EV/NOPAT)	20.42	22.89	22.84	25.66	24.82	26.02	23.13	21.92	20.31	20.56	21.94
Enterprise Value to Operating Cash Flow (EV/OCF)	13.75	11.55	20.63	22.48	18.43	20.49	13.78	14.30	13.79	12.10	11.83
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.31	1.42	1.24	1.22	1.24	1.33	1.36	1.35	1.30	1.27	1.30
Long-Term Debt to Equity	1.30	1.32	1.21	1.18	1.24	1.26	1.34	1.33	1.28	1.22	1.28
Financial Leverage	1.24	1.33	1.26	1.25	1.26	1.34	1.27	1.29	1.26	1.30	1.31
Leverage Ratio	3.57	3.64	3.41	3.39	3.38	3.55	3.31	3.28	3.25	3.34	3.33
Compound Leverage Factor	2.38	2.16	2.33	1.93	1.99	2.42	2.40	2.08	2.24	1.58	2.34
Debt to Total Capital	56.75%	58.64%	55.27%	55.04%	55.30%	57.11%	57.70%	57.51%	56.49%	55.99%	56.56%
Short-Term Debt to Total Capital	0.63%	3.87%	0.98%	1.97%	0.00%	2.92%	0.98%	0.98%	0.96%	2.29%	0.77%
Long-Term Debt to Total Capital	56.13%	54.77%	54.30%	53.08%	55.30%	54.19%	56.72%	56.54%	55.53%	53.71%	55.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.25%	41.36%	44.73%	44.96%	44.70%	42.89%	42.30%	42.49%	43.51%	44.01%	43.44%
Debt to EBITDA	4.33	4.80	4.44	4.61	4.84	5.06	5.04	4.76	4.38	4.49	4.59
Net Debt to EBITDA	4.31	4.60	4.43	4.59	4.78	5.05	4.85	4.76	4.35	4.48	4.58
Long-Term Debt to EBITDA	4.28	4.49	4.36	4.44	4.84	4.80	4.95	4.68	4.31	4.31	4.52
Debt to NOPAT	10.27	11.59	11.03	12.22	12.74	13.36	12.49	11.28	9.95	10.54	11.12
Net Debt to NOPAT	10.22	11.10	10.99	12.18	12.60	13.35	12.02	11.27	9.88	10.52	11.10
Long-Term Debt to NOPAT	10.16	10.82	10.83	11.78	12.74	12.68	12.28	11.09	9.78	10.11	10.97
Altman Z-Score	0.79	0.77	0.88	0.86	0.84	0.79	0.84	0.84	0.88	0.79	0.84
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.76	0.81	1.02	0.89	1.14	0.84	1.22	1.00	0.98	0.92	1.06
Quick Ratio	0.35	0.38	0.48	0.41	0.57	0.38	0.47	0.45	0.47	0.42	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-497	-259	-664	-811	-886	-1,087	-910	-983	-852	-799	-698
Operating Cash Flow to CapEx	63.08%	44.44%	-14.34%	60.87%	52.51%	20.84%	53.85%	63.42%	96.44%	43.37%	64.35%
Free Cash Flow to Firm to Interest Expense	-12.74	-6.31	-15.08	-19.77	-21.09	-23.64	-17.85	-18.91	-16.08	-14.53	-12.47
Operating Cash Flow to Interest Expense	3.15	2.44	-0.89	4.44	4.48	1.93	3.43	3.63	4.60	3.09	4.13
Operating Cash Flow Less CapEx to Interest Expense	-1.85	-3.05	-7.07	-2.85	-4.05	-7.35	-2.94	-2.10	-0.17	-4.04	-2.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.26	0.27	0.28	0.28	0.28	0.27	0.29	0.29	0.30	0.29	0.28
Accounts Receivable Turnover	8.31	7.28	8.33	9.44	8.14	7.20	8.02	9.25	8.12	7.91	7.77
Inventory Turnover	15.04	15.45	17.26	14.79	15.60	15.04	15.99	15.40	15.82	16.33	16.25
Fixed Asset Turnover	0.32	0.32	0.33	0.33	0.33	0.32	0.34	0.34	0.35	0.35	0.34
Accounts Payable Turnover	5.11	3.81	7.01	7.22	6.58	3.89	6.29	7.13	6.59	5.21	6.41
Days Sales Outstanding (DSO)	43.92	50.12	43.83	38.68	44.85	50.70	45.51	39.46	44.96	46.16	46.97
Days Inventory Outstanding (DIO)	24.27	23.63	21.15	24.67	23.40	24.27	22.83	23.71	23.07	22.34	22.46
Days Payable Outstanding (DPO)	71.36	95.76	52.05	50.55	55.45	93.82	57.99	51.21	55.41	70.09	56.91
Cash Conversion Cycle (CCC)	-3.17	-22.00	12.93	12.80	12.80	-18.85	10.34	11.96	12.62	-1.59	12.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,364	6,554	6,946	7,105	7,325	7,734	8,001	8,194	8,308	8,609	8,837
Invested Capital Turnover	0.42	0.41	0.42	0.42	0.42	0.41	0.42	0.42	0.43	0.42	0.41
Increase / (Decrease) in Invested Capital	573	341	762	875	961	1,180	1,055	1,089	983	875	836
Enterprise Value (EV)	7,202	7,783	7,965	8,229	7,943	8,604	8,739	9,165	9,615	9,415	9,870
Market Capitalization	3,598	4,008	4,131	4,324	3,913	4,189	4,197	4,455	4,937	4,600	4,877
Book Value per Share	$30.93	$31.13	$34.84	$33.12	$32.59	$32.82	$34.15	$33.82	$35.22	$35.98	$35.15
Tangible Book Value per Share	$30.93	$31.13	$34.84	$33.12	$32.59	$32.82	$34.15	$33.82	$35.22	$35.98	$35.15
Total Capital	6,382	6,719	6,958	7,118	7,372	7,739	8,177	8,200	8,343	8,621	8,848
Total Debt	3,622	3,940	3,846	3,918	4,077	4,420	4,718	4,716	4,713	4,827	5,004
Total Long-Term Debt	3,582	3,680	3,778	3,778	4,077	4,194	4,638	4,636	4,633	4,630	4,936
Net Debt	3,604	3,775	3,834	3,905	4,030	4,415	4,542	4,710	4,678	4,815	4,993
Capital Expenditures (CapEx)	195	225	272	299	358	427	325	298	253	392	359
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-218	-191	71	42	41	44	101	72	23	91	109
Debt-free Net Working Capital (DFNWC)	-200	-26	83	55	88	49	277	78	58	103	120
Net Working Capital (NWC)	-240	-286	15	-85	88	-177	197	-2.00	-22	-94	52
Net Nonoperating Expense (NNE)	18	31	24	25	28	25	36	34	37	38	38
Net Nonoperating Obligations (NNO)	3,604	3,775	3,834	3,905	4,030	4,415	4,542	4,710	4,678	4,815	4,993
Total Depreciation and Amortization (D&A)	108	107	108	111	115	113	132	125	139	140	144
Debt-free, Cash-free Net Working Capital to Revenue	-8.49%	-7.22%	2.56%	1.49%	1.42%	1.51%	3.25%	2.24%	0.69%	2.65%	3.17%
Debt-free Net Working Capital to Revenue	-7.79%	-0.98%	3.00%	1.95%	3.05%	1.68%	8.92%	2.43%	1.74%	2.99%	3.49%
Net Working Capital to Revenue	-9.35%	-10.80%	0.54%	-3.01%	3.05%	-6.06%	6.35%	-0.06%	-0.66%	-2.73%	1.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.65	$0.00	$0.81	$0.00	$0.47	$0.66	$1.08	$0.69	$0.91	$0.34	$0.00
Adjusted Weighted Average Basic Shares Outstanding	89.26M	89.29M	91.84M	97.09M	100.85M	97.76M	101.30M	103.03M	103.85M	103.95M	109.42M
Adjusted Diluted Earnings per Share	$0.65	$0.56	$0.80	$0.39	$0.46	$0.68	$1.08	$0.69	$0.90	$0.34	$0.91
Adjusted Weighted Average Diluted Shares Outstanding	89.45M	89.64M	92.57M	97.63M	101.10M	97.95M	101.47M	103.23M	104.34M	104.16M	109.68M
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	89.27M	89.31M	96.62M	101.09M	101.12M	101.16M	103.03M	103.07M	105.46M	109.35M	109.51M
Normalized Net Operating Profit after Tax (NOPAT)	76	82	98	64	75	93	145	106	131	76	138
Normalized NOPAT Margin	10.26%	11.96%	13.15%	9.95%	9.40%	12.77%	15.58%	13.95%	14.07%	9.22%	14.84%
Pre Tax Income Margin	9.42%	7.86%	11.76%	7.56%	6.61%	11.45%	13.13%	10.42%	11.30%	5.34%	13.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.69	2.22	2.93	2.10	2.14	2.65	3.29	2.40	2.87	1.69	3.09
NOPAT to Interest Expense	1.95	2.00	2.24	1.57	1.79	2.01	2.84	2.03	2.47	1.38	2.46
EBIT Less CapEx to Interest Expense	-2.31	-3.27	-3.25	-5.20	-6.38	-6.63	-3.08	-3.33	-1.91	-5.44	-3.32
NOPAT Less CapEx to Interest Expense	-3.05	-3.48	-3.95	-5.72	-6.73	-7.27	-3.53	-3.70	-2.31	-5.75	-3.95
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	62.50%	67.81%	64.78%	74.32%	81.52%	78.51%	71.10%	64.53%	57.14%	63.90%	68.09%
Augmented Payout Ratio	69.76%	75.54%	64.78%	74.32%	81.52%	78.51%	71.10%	64.53%	57.14%	63.90%	68.09%

Financials Breakdown Chart

Key Financial Trends

Portland General Electric (NYSE: POR) has demonstrated a generally positive financial performance over the last four years with notable trends in revenue, profitability, cash flow, and balance sheet strength.

Income Statement Highlights:

Operating revenue has shown steady growth from approximately $648 million in Q2 2023 to $928 million in Q1 2025, reflecting rising business scale or improved pricing.
Net income has generally increased, with Q1 2025 delivering $100 million compared to $39 million in Q2 2023, indicating improved profitability.
Diluted earnings per share have improved significantly, from $0.39 in Q2 2023 to $0.91 in Q1 2025, benefiting from both rising earnings and controlled share dilution.
Interest expense has risen along with long-term debt, reaching $56 million in Q1 2025 from $41 million in Q2 2023, which puts increased pressure on net income margins.
Other operating and SG&A expenses have increased but remain proportional to revenue growth, showing cost discipline.

Cash Flow Statement Highlights:

Net cash from operating activities has increased from $182 million in Q2 2023 to $231 million in Q1 2025, evidencing stronger operational cash generation.
Capital expenditures remain high, around $325 million to $359 million quarterly, reflecting heavy investment requirements and pressure on free cash flow.
Net cash from financing activities fluctuated, with notable debt issuances partially offset by repayments and stable dividend payouts around $0.45 to $0.50 per share quarterly.

Balance Sheet Highlights:

Total assets grew from about $10.3 billion in mid-2023 to $12.7 billion by Q1 2025, driven largely by plant, property, and equipment investments, signaling capacity expansion.
Total liabilities increased significantly from roughly $7.2 billion to $8.9 billion over this period, with long-term debt rising from ~$3.5 billion to approximately $4.66 billion, increasing leverage and interest obligations.
Equity increased moderately, supporting a stable shareholder base but indicating the company relies more on debt financing for growth.

Summary Analysis:

Portland General Electric has posted solid revenue and profitability growth over the past four years. The company has steadily increased capital expenditure to support infrastructure and growth initiatives, which has led to higher long-term debt and interest expenses. Despite this, operating cash flows remain robust, supporting dividend payments and debt servicing. The rising earnings per share signal effective earnings growth relative to share count increases.

Investors should be mindful of the increasing leverage and interest costs that could pressure margins if earnings growth slows or interest rates rise. However, strong cash flows and expanding asset base reflect a company investing for the future while maintaining dividend consistency, which may appeal to income-focused investors.

10/24/25 04:17 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Portland General Electric's Financials

When does Portland General Electric's financial year end?

According to the most recent income statement we have on file, Portland General Electric's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Portland General Electric's net income changed over the last 9 years?

Portland General Electric's net income appears to be on an upward trend, with a most recent value of $313 million in 2024, rising from $172 million in 2015. The previous period was $228 million in 2023. Check out Portland General Electric's forecast to explore projected trends and price targets.

What is Portland General Electric's operating income?

Portland General Electric's total operating income in 2024 was $512 million, based on the following breakdown:

Total Gross Profit: $1.59 billion
Total Operating Expenses: $1.07 billion

How has Portland General Electric's revenue changed over the last 9 years?

Over the last 9 years, Portland General Electric's total revenue changed from $1.90 billion in 2015 to $3.44 billion in 2024, a change of 81.2%.

How much debt does Portland General Electric have?

Portland General Electric's total liabilities were at $8.75 billion at the end of 2024, a 10.9% increase from 2023, and a 76.7% increase since 2015.

How much cash does Portland General Electric have?

In the past 9 years, Portland General Electric's cash and equivalents has ranged from $0.00 in 2019 to $257 million in 2020, and is currently $12 million as of their latest financial filing in 2024.

How has Portland General Electric's book value per share changed over the last 9 years?

Over the last 9 years, Portland General Electric's book value per share changed from 25.44 in 2015 to 35.98 in 2024, a change of 41.4%.

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This page (NYSE:POR) was last updated on 10/24/2025 by MarketBeat.com Staff

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Portland General Electric (POR) Financials

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Portland General Electric (POR) Financials

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