Portland General Electric (POR) Financials

$48.22 -0.18 (-0.37%)

Closing price 05/13/2026 03:59 PM Eastern

Extended Trading

$47.98 -0.24 (-0.51%)

As of 08:41 AM 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	172	193	187	212	214	155	244	233	228	313	306
Consolidated Net Income / (Loss)	172	193	187	212	214	155	244	233	228	313	306
Net Income / (Loss) Continuing Operations	172	193	187	212	214	155	244	233	228	313	306
Total Pre-Tax Income	217	243	273	229	241	155	267	272	273	350	359
Total Operating Income	309	340	380	346	353	269	378	397	396	512	555
Total Gross Profit	971	1,020	1,108	1,128	1,186	1,144	1,264	1,311	1,359	1,586	1,715
Total Revenue	1,898	1,923	2,009	1,991	2,123	2,145	2,396	2,647	2,923	3,440	3,576
Operating Revenue	1,898	1,923	2,009	1,991	2,123	2,145	2,396	2,647	2,923	3,440	3,576
Total Cost of Revenue	927	903	901	863	937	1,001	1,132	1,336	1,564	1,854	1,861
Operating Cost of Revenue	927	903	901	863	937	1,001	1,132	1,336	1,564	1,854	1,861
Total Operating Expenses	662	680	728	782	833	875	886	914	963	1,074	1,160
Selling, General & Admin Expense	241	240	260	271	290	283	336	340	341	403	392
Depreciation Expense	305	321	345	382	409	454	404	417	458	496	578
Other Operating Expenses / (Income)	116	119	123	129	134	138	146	157	164	175	190
Total Other Income / (Expense), net	-92	-97	-107	-117	-112	-114	-111	-125	-123	-162	-196
Interest Expense	114	112	120	124	128	136	137	156	173	211	232
Interest & Investment Income	21	21	12	11	10	16	17	14	19	23	18
Other Income / (Expense), net	1.00	-6.00	1.00	-4.00	6.00	6.00	9.00	17	31	26	18
Income Tax Expense	45	50	86	17	27	0.00	23	39	45	37	53
Basic Earnings per Share	$2.05	$2.17	$2.10	$2.38	$2.39	$1.73	$2.72	$2.61	$2.33	$3.02	$2.77
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	110.47M
Diluted Earnings per Share	$2.04	$2.16	$2.10	$2.37	$2.39	$1.72	$2.72	$2.60	$2.33	$3.01	$2.77
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	110.74M
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	115.56M
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	$2.08

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	47	68	109	72	94	38	100	62	103	41	45
Consolidated Net Income / (Loss)	47	68	109	72	94	38	100	62	103	41	45
Net Income / (Loss) Continuing Operations	47	68	109	72	94	38	100	62	103	41	45
Total Pre-Tax Income	53	83	122	79	105	44	122	74	123	40	54
Total Operating Income	85	113	162	116	146	88	168	118	174	95	107
Total Gross Profit	331	350	425	376	418	367	450	399	468	398	408
Total Revenue	802	725	929	758	929	824	928	807	952	889	879
Operating Revenue	802	725	929	758	929	824	928	807	952	889	879
Total Cost of Revenue	471	375	504	382	511	457	478	408	484	491	471
Operating Cost of Revenue	471	375	504	382	511	457	478	408	484	491	471
Total Operating Expenses	246	237	263	260	272	279	282	281	294	303	301
Selling, General & Admin Expense	89	79	95	97	102	109	96	96	99	101	106
Depreciation Expense	116	118	121	122	126	127	140	139	148	151	144
Other Operating Expenses / (Income)	41	40	47	41	44	43	46	46	47	51	51
Total Other Income / (Expense), net	-32	143	-40	-37	-41	-44	-46	-44	-51	-55	-53
Interest Expense	42	46	51	52	53	55	56	57	60	59	60
Interest & Investment Income	5.00	7.00	5.00	6.00	6.00	6.00	5.00	6.00	4.00	3.00	3.00
Other Income / (Expense), net	5.00	9.00	6.00	9.00	6.00	5.00	5.00	7.00	5.00	1.00	4.00
Income Tax Expense	6.00	15	13	7.00	11	6.00	22	12	20	-1.00	9.00
Basic Earnings per Share	$0.47	$0.66	-	$0.69	$0.91	$0.34	$0.91	$0.56	$0.94	-	$0.39
Weighted Average Basic Shares Outstanding	100.85M	97.76M	101.30M	103.03M	103.85M	103.95M	109.42M	109.52M	110.17M	110.47M	115.64M
Diluted Earnings per Share	$0.46	$0.68	$1.08	$0.69	$0.90	$0.34	$0.91	$0.56	$0.94	$0.36	$0.38
Weighted Average Diluted Shares Outstanding	101.10M	97.95M	101.47M	103.23M	104.34M	104.16M	109.68M	109.77M	110.42M	110.74M	116.14M
Weighted Average Basic & Diluted Shares Outstanding	101.12M	101.16M	103.03M	103.07M	105.46M	109.35M	109.51M	109.56M	112.49M	115.56M	115.73M
Cash Dividends to Common per Share	$0.48	-	$0.48	$0.50	$0.50	-	$0.50	$0.53	$0.53	-	$0.53

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	-123	2.00	33	80	-89	227	-205	113	-160	7.00	64
Net Cash From Operating Activities	520	562	597	630	546	567	532	674	420	778	1,118
Net Cash From Continuing Operating Activities	520	562	597	630	546	567	532	674	420	778	1,118
Net Income / (Loss) Continuing Operations	172	193	187	212	214	155	244	233	228	313	306
Consolidated Net Income / (Loss)	172	193	187	212	214	155	244	233	228	313	306
Depreciation Expense	305	321	345	382	409	454	404	417	458	496	578
Amortization Expense	14	-6.00	-22	-2.00	-2.00	6.00	29	-11	-11	40	-21
Non-Cash Adjustments To Reconcile Net Income	41	19	43	80	22	-16	84	109	42	160	240
Changes in Operating Assets and Liabilities, net	-12	35	44	-42	-97	-32	-229	-74	-297	-231	15
Net Cash From Investing Activities	-522	-585	-514	-471	-604	-787	-656	-758	-1,358	-1,297	-1,196
Net Cash From Continuing Investing Activities	-522	-585	-514	-471	-604	-787	-656	-758	-1,358	-1,297	-1,196
Purchase of Property, Plant & Equipment	-598	-584	-514	-595	-606	-784	-636	-766	-1,358	-1,268	-1,189
Purchase of Investments	-19	-25	-18	-12	-8.00	-6.00	-10	-3.00	-1.00	-8.00	-9.00
Sale and/or Maturity of Investments	72	27	21	15	13	9.00	12	3.00	1.00	2.00	4.00
Other Investing Activities, net	23	-3.00	-3.00	121	-3.00	-6.00	-22	8.00	0.00	-23	-2.00
Net Cash From Financing Activities	-121	25	-50	-79	-31	447	-81	197	778	526	142
Net Cash From Continuing Financing Activities	-121	25	-50	-79	-31	447	-81	197	778	526	142
Repayment of Debt	-446	-149	-157	-29	-367	-237	-519	-12	-274	-144	-193
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-12	-18	0.00	0.00	0.00
Payment of Dividends	-97	-110	-118	-125	-134	-140	-150	-158	-179	-200	-225
Issuance of Debt	151	284	225	75	470	824	600	385	746	524	310
Issuance of Common Equity	271	-	-	-	-	-	0.00	0.00	485	346	250
Cash Interest Paid	108	104	110	117	116	113	120	128	136	174	198
Cash Income Taxes Paid	3.00	16	18	25	33	17	16	37	12	-90	-162

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	34	-42	171	-170	29	-23	-1.00	45	81	-61	-68
Net Cash From Operating Activities	188	89	175	189	244	170	231	336	403	148	268
Net Cash From Continuing Operating Activities	188	89	173	189	244	170	231	336	403	148	268
Net Income / (Loss) Continuing Operations	47	68	109	72	94	38	100	62	103	41	45
Consolidated Net Income / (Loss)	47	68	109	72	94	38	100	62	103	41	45
Depreciation Expense	116	118	121	122	126	127	140	139	148	151	144
Amortization Expense	-1.00	-5.00	11	3.00	13	13	4.00	-9.00	-6.00	-10	-16
Non-Cash Adjustments To Reconcile Net Income	14	-155	17	25	33	-29	30	21	156	33	43
Changes in Operating Assets and Liabilities, net	12	63	-85	-33	-22	21	-43	123	2.00	-67	52
Net Cash From Investing Activities	-358	-426	-331	-308	-261	-397	-376	-233	-307	-280	-262
Net Cash From Continuing Investing Activities	-358	-426	-331	-308	-261	-397	-376	-233	-307	-280	-262
Purchase of Property, Plant & Equipment	-358	-427	-325	-298	-253	-392	-359	-237	-303	-290	-259
Purchase of Investments	-1.00	-	0.00	-4.00	-	-4.00	-2.00	-1.00	-6.00	-	-3.00
Sale and/or Maturity of Investments	-	-	-	-	-	2.00	0.00	-	3.00	-	3.00
Other Investing Activities, net	-	3.00	-6.00	-6.00	-8.00	-3.00	-15	4.00	-1.00	10	-3.00
Net Cash From Financing Activities	204	295	327	-51	46	204	144	-58	-15	71	-74
Net Cash From Continuing Financing Activities	204	295	327	-51	46	204	144	-58	-15	71	-74
Repayment of Debt	-2.00	143	-7.00	-3.00	-2.00	-132	-111	-4.00	-6.00	-72	-23
Payment of Dividends	-47	-48	-48	-48	-52	-52	-55	-54	-58	-58	-60
Issuance of Debt	160	200	304	-	-	220	310	-	-	-	9.00
Issuance of Common Equity	93	-	78	-	100	168	0.00	-	49	201	0.00
Cash Interest Paid	21	45	26	55	40	53	43	51	52	52	51
Cash Income Taxes Paid	9.00	-13	2.00	-12	-4.00	14	-1.00	-2.00	-134	-25	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	2025
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	12/31/2025
Total Assets	7,210	7,527	7,838	8,110	8,394	9,069	9,494	10,459	11,208	12,544	13,230
Total Current Assets	557	463	526	643	500	721	688	1,210	935	1,025	1,072
Cash & Equivalents	4.00	6.00	39	119	-	257	52	165	5.00	-	76
Accounts Receivable	253	262	274	289	253	271	329	398	414	456	460
Inventories, net	83	82	78	84	96	72	78	95	113	114	124
Other Current Assets	217	113	135	151	121	121	229	552	403	443	412
Plant, Property, & Equipment, net	6,012	6,434	6,741	6,887	7,161	7,539	8,005	8,465	9,546	10,345	10,993
Total Noncurrent Assets	641	630	571	580	733	809	801	784	727	1,174	1,165
Other Noncurrent Operating Assets	641	630	571	580	733	809	801	784	727	1,174	1,165
Total Liabilities & Shareholders' Equity	7,210	7,527	7,838	8,110	8,394	9,069	9,494	10,459	11,208	12,544	13,230
Total Liabilities	4,952	5,183	5,422	5,604	5,803	6,456	6,787	7,680	7,889	8,750	9,097
Total Current Liabilities	626	577	432	791	519	815	768	1,496	1,112	1,119	993
Short-Term Debt	139	150	0.00	300	0.00	326	0.00	260	226	170	0.00
Accounts Payable	98	129	132	168	165	153	244	457	347	365	330
Other Current Liabilities	389	298	300	323	354	336	524	779	539	584	663
Total Noncurrent Liabilities	4,326	4,606	4,990	4,813	5,284	5,641	6,019	6,184	6,777	7,631	8,104
Long-Term Debt	2,060	2,200	2,426	2,178	2,597	2,886	3,285	3,386	3,905	4,354	4,662
Capital Lease Obligations	-	-	-	0.00	135	129	273	294	289	276	263
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	1,789
Noncurrent Deferred & Payable Income Tax Liabilities	632	669	376	369	378	374	413	439	488	625	795
Noncurrent Employee Benefit Liabilities	365	386	390	410	350	400	301	253	251	214	177
Other Noncurrent Operating Liabilities	190	232	343	304	184	213	149	166	174	430	418
Commitments & Contingencies	-	0.00	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	4,133
Total Preferred & Common Equity	2,258	2,344	2,416	2,506	2,591	2,613	2,707	2,779	3,319	3,794	4,133
Preferred Stock	0.00	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	4,133
Common Stock	1,196	1,201	1,207	1,212	1,220	1,231	1,241	1,249	1,750	2,118	2,382
Retained Earnings	1,070	1,150	1,217	1,301	1,381	1,393	1,476	1,534	1,574	1,680	1,755
Accumulated Other Comprehensive Income / (Loss)	-8.00	-7.00	-8.00	-7.00	-10	-11	-10	-4.00	-5.00	-4.00	-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	Q2 2025	Q3 2025	Q1 2026
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	6/30/2025	9/30/2025	3/31/2026
Total Assets	9,849	10,151	10,370	10,603	11,588	11,582	11,881	12,695	12,681	13,014	13,204
Total Current Assets	750	766	676	724	1,082	848	950	974	890	1,059	1,010
Cash & Equivalents	-	-	-	-	-	-	-	-	-	-	8.00
Accounts Receivable	345	362	310	364	412	385	459	473	397	455	405
Inventories, net	91	95	108	109	114	117	115	111	123	124	130
Other Current Assets	296	297	245	204	380	340	341	379	314	343	467
Plant, Property, & Equipment, net	8,292	8,611	8,841	9,078	9,663	9,873	10,075	10,534	10,645	10,804	11,103
Total Noncurrent Assets	807	774	853	801	843	861	856	1,187	1,146	1,151	1,091
Other Noncurrent Operating Assets	807	774	853	801	843	861	856	1,187	1,146	1,151	1,091
Total Liabilities & Shareholders' Equity	9,849	10,151	10,370	10,603	11,588	11,582	11,881	12,695	12,681	13,014	13,204
Total Liabilities	7,089	7,039	7,170	7,308	8,129	8,098	8,251	8,851	8,829	9,064	9,084
Total Current Liabilities	990	751	761	636	885	850	972	922	913	985	929
Short-Term Debt	40	68	140	0.00	80	80	80	68	68	68	9.00
Accounts Payable	287	242	227	187	289	259	351	281	267	276	277
Other Current Liabilities	663	441	394	449	516	511	541	573	578	641	643
Total Noncurrent Liabilities	6,099	6,288	6,409	6,672	7,244	7,248	7,279	7,929	7,916	8,079	8,155
Long-Term Debt	3,286	3,485	3,486	3,786	4,353	4,353	4,354	4,663	4,663	4,662	4,658
Capital Lease Obligations	296	293	292	291	285	283	279	273	270	266	259
Asset Retirement Reserve & Litigation Obligation	1,636	1,648	1,672	1,679	1,679	1,680	1,686	1,705	1,713	1,784	1,804
Noncurrent Deferred & Payable Income Tax Liabilities	435	447	452	445	534	540	552	654	671	767	816
Noncurrent Employee Benefit Liabilities	91	81	79	78	78	76	76	73	71	70	161
Other Noncurrent Operating Liabilities	355	334	428	393	315	316	332	561	528	530	457
Commitments & Contingencies	-	0.00	0.00	0.00	-	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	3,852	3,950	4,120
Total Preferred & Common Equity	2,760	3,112	3,200	3,295	3,459	3,484	3,630	3,844	3,852	3,950	4,120
Preferred Stock	0.00	0.00	0.00	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	3,852	3,950	4,120
Common Stock	1,245	1,548	1,647	1,744	1,828	1,833	1,938	2,123	2,127	2,179	2,386
Retained Earnings	1,524	1,568	1,556	1,554	1,635	1,655	1,697	1,725	1,729	1,774	1,738
Accumulated Other Comprehensive Income / (Loss)	-9.00	-4.00	-3.00	-3.00	-4.00	-4.00	-5.00	-4.00	-4.00	-3.00	-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	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.11%	1.32%	4.47%	-0.90%	6.63%	1.04%	11.70%	10.48%	10.43%	17.69%	3.95%
EBITDA Growth	4.66%	3.18%	8.47%	2.56%	6.09%	-4.05%	11.56%	0.00%	6.59%	22.88%	5.21%
EBIT Growth	5.44%	7.74%	14.07%	-10.24%	4.97%	-23.40%	40.73%	6.98%	3.14%	26.00%	6.51%
NOPAT Growth	12.90%	10.26%	-3.61%	23.06%	-2.14%	-14.18%	28.42%	-1.55%	-2.75%	38.45%	3.32%
Net Income Growth	-1.15%	12.21%	-3.11%	13.37%	0.94%	-27.57%	57.42%	-4.51%	-2.15%	37.28%	-2.24%
EPS Growth	-6.42%	5.88%	-2.78%	12.86%	0.84%	-28.03%	58.14%	-4.41%	-10.38%	29.18%	-7.97%
Operating Cash Flow Growth	0.00%	8.08%	6.23%	5.53%	-13.33%	3.85%	-6.17%	26.69%	-37.69%	85.24%	43.70%
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%	118.73%
Invested Capital Growth	3.92%	5.28%	2.45%	1.29%	8.80%	7.63%	9.06%	5.49%	18.00%	11.31%	4.66%
Revenue Q/Q Growth	-0.05%	1.32%	-0.45%	0.45%	1.14%	-20.35%	34.00%	3.08%	1.32%	2.96%	1.85%
EBITDA Q/Q Growth	4.66%	2.37%	1.15%	-2.96%	5.22%	1.66%	-1.09%	-1.91%	3.68%	-0.19%	0.36%
EBIT Q/Q Growth	4.38%	7.05%	0.53%	-10.00%	8.13%	-6.78%	7.20%	-3.04%	7.83%	-5.11%	0.53%
NOPAT Q/Q Growth	6.60%	7.71%	-11.16%	10.20%	1.26%	-3.89%	5.72%	-3.58%	3.36%	-3.30%	3.42%
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%	0.99%
EPS Q/Q Growth	1.49%	4.85%	-8.70%	3.04%	5.75%	-6.01%	6.25%	-6.14%	5.43%	-10.15%	0.73%
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%	-1.93%
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%	267.66%
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%	1.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.16%	53.04%	55.15%	56.65%	55.86%	53.33%	52.75%	49.53%	46.49%	46.10%	47.96%
EBITDA Margin	33.14%	33.75%	35.04%	36.26%	36.08%	34.27%	34.22%	30.98%	29.90%	31.22%	31.60%
Operating Margin	16.28%	17.68%	18.91%	17.38%	16.63%	12.54%	15.78%	15.00%	13.55%	14.88%	15.52%
EBIT Margin	16.33%	17.37%	18.96%	17.18%	16.91%	12.82%	16.15%	15.64%	14.61%	15.64%	16.02%
Profit (Net Income) Margin	9.06%	10.04%	9.31%	10.65%	10.08%	7.23%	10.18%	8.80%	7.80%	9.10%	8.56%
Tax Burden Percent	79.26%	79.42%	68.50%	92.58%	88.80%	100.00%	91.39%	85.66%	83.52%	89.43%	85.24%
Interest Burden Percent	70.00%	72.75%	71.65%	66.96%	67.13%	56.36%	68.99%	65.70%	63.93%	65.06%	62.65%
Effective Tax Rate	20.74%	20.58%	31.50%	7.42%	11.20%	0.00%	8.61%	14.34%	16.48%	10.57%	14.76%
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%	5.39%
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%	1.92%
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%	2.33%
Return on Equity (ROE)	8.25%	8.39%	7.86%	8.61%	8.40%	5.96%	9.17%	8.49%	7.48%	8.80%	7.72%
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%	0.83%
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%	4.45%
Return on Assets (ROA)	2.41%	2.62%	2.43%	2.66%	2.59%	1.78%	2.63%	2.34%	2.10%	2.64%	2.37%
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%	7.72%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	245	270	260	320	313	269	345	340	331	458	473
NOPAT Margin	12.90%	14.04%	12.96%	16.09%	14.76%	12.54%	14.42%	12.85%	11.31%	13.31%	13.23%
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%	3.47%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.06%	4.27%	5.31%	5.22%
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%	52.04%
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%	10.96%
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	34.88%	35.36%	36.24%	39.28%	39.24%	40.79%	36.98%	34.53%	32.95%	31.22%	32.44%
Earnings before Interest and Taxes (EBIT)	310	334	381	342	359	275	387	414	427	538	573
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	629	649	704	722	766	735	820	820	874	1,074	1,130
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	1.31
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	1.31
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	1.51
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	17.64
Dividend Yield	4.36%	3.80%	3.73%	3.82%	3.25%	4.25%	3.55%	3.98%	4.53%	4.53%	4.32%
Earnings Yield	7.17%	6.54%	5.84%	6.36%	5.12%	4.64%	5.71%	5.81%	5.44%	6.80%	5.67%
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	1.14
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	2.87
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	9.07
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	17.88
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	21.66
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	9.17
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	140.25
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	1.19
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	1.19
Financial Leverage	1.10	0.99	0.99	0.96	0.99	1.11	1.24	1.33	1.34	1.30	1.22
Leverage Ratio	3.42	3.20	3.23	3.24	3.24	3.36	3.49	3.64	3.55	3.34	3.25
Compound Leverage Factor	2.39	2.33	2.31	2.17	2.17	1.89	2.41	2.39	2.27	2.17	2.04
Debt to Total Capital	49.34%	50.06%	50.10%	49.72%	51.32%	56.11%	56.79%	58.64%	57.11%	55.99%	54.37%
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%	0.00%
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%	54.37%
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	50.66%	49.94%	49.90%	50.28%	48.68%	43.89%	43.21%	41.36%	42.89%	44.01%	45.63%
Debt to EBITDA	3.50	3.62	3.45	3.43	3.57	4.55	4.34	4.80	5.06	4.49	4.36
Net Debt to EBITDA	3.49	3.61	3.39	3.27	3.53	4.20	4.28	4.60	5.05	4.48	4.29
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	4.36
Debt to NOPAT	8.98	8.70	9.32	7.74	8.72	12.42	10.30	11.59	13.36	10.54	10.41
Net Debt to NOPAT	8.96	8.68	9.17	7.36	8.62	11.46	10.15	11.10	13.35	10.52	10.25
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	10.41
Altman Z-Score	0.89	0.94	1.00	0.94	1.05	0.85	0.97	0.87	0.88	0.91	0.96
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	0.89	0.80	1.22	0.81	0.96	0.88	0.90	0.81	0.84	0.92	1.08
Quick Ratio	0.41	0.46	0.72	0.52	0.49	0.65	0.50	0.38	0.38	0.42	0.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	77	35	145	258	-115	-135	-171	-0.92	-849	-417	73
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%	94.03%
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	0.31
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	4.82
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	-0.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.26	0.26	0.25	0.26	0.25	0.26	0.27	0.27	0.29	0.28
Accounts Receivable Turnover	7.67	7.47	7.50	7.07	7.83	8.19	7.99	7.28	7.20	7.91	7.81
Inventory Turnover	11.24	10.95	11.26	10.65	10.41	11.92	15.09	15.45	15.04	16.33	15.64
Fixed Asset Turnover	0.32	0.31	0.31	0.29	0.30	0.29	0.31	0.32	0.32	0.35	0.34
Accounts Payable Turnover	7.30	7.96	6.90	5.75	5.63	6.30	5.70	3.81	3.89	5.21	5.36
Days Sales Outstanding (DSO)	47.60	48.88	48.69	51.61	46.59	44.58	45.70	50.12	50.70	46.16	46.75
Days Inventory Outstanding (DIO)	32.48	33.35	32.41	34.26	35.06	30.63	24.18	23.63	24.27	22.34	23.34
Days Payable Outstanding (DPO)	50.01	45.88	52.87	63.44	64.86	57.98	64.00	95.76	93.82	70.09	68.16
Cash Conversion Cycle (CCC)	30.07	36.35	28.23	22.42	16.79	17.24	5.88	-22.00	-18.85	-1.59	1.93
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	8,982
Invested Capital Turnover	0.43	0.42	0.42	0.41	0.42	0.39	0.40	0.41	0.41	0.42	0.41
Increase / (Decrease) in Invested Capital	168	235	115	62	428	404	516	341	1,180	875	400
Enterprise Value (EV)	4,595	5,295	5,590	5,694	6,880	6,424	7,780	7,783	8,604	9,415	10,247
Market Capitalization	2,400	2,951	3,203	3,335	4,178	3,340	4,274	4,008	4,189	4,600	5,398
Book Value per Share	$25.44	$26.36	$27.12	$28.08	$28.99	$29.19	$30.28	$31.13	$32.82	$35.98	$36.74
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	$36.74
Total Capital	4,457	4,694	4,842	4,984	5,323	5,954	6,265	6,719	7,739	8,621	9,058
Total Debt	2,199	2,350	2,426	2,478	2,732	3,341	3,558	3,940	4,420	4,827	4,925
Total Long-Term Debt	2,060	2,200	2,426	2,178	2,732	3,015	3,558	3,680	4,194	4,630	4,925
Net Debt	2,195	2,344	2,387	2,359	2,702	3,084	3,506	3,775	4,415	4,815	4,849
Capital Expenditures (CapEx)	598	584	514	595	606	784	636	766	1,358	1,268	1,189
Debt-free, Cash-free Net Working Capital (DFCFNWC)	66	30	55	33	-49	-25	-132	-191	44	91	3.00
Debt-free Net Working Capital (DFNWC)	70	36	94	152	-19	232	-80	-26	49	103	79
Net Working Capital (NWC)	-69	-114	94	-148	-19	-94	-80	-286	-177	-94	79
Net Nonoperating Expense (NNE)	73	77	73	108	99	114	101	107	103	145	167
Net Nonoperating Obligations (NNO)	2,195	2,344	2,387	2,359	2,702	3,084	3,506	3,775	4,415	4,815	4,849
Total Depreciation and Amortization (D&A)	319	315	323	380	407	460	433	406	447	536	557
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%	0.08%
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%	2.21%
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%	2.21%
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	$2.77
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	110.47M
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	$2.77
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	110.74M
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	88.79M	88.95M	89.11M	89.27M	89.39M	89.54M	89.43M	89.31M	101.16M	109.35M	115.56M
Normalized Net Operating Profit after Tax (NOPAT)	245	270	260	320	313	188	345	340	331	458	473
Normalized NOPAT Margin	12.90%	14.04%	12.96%	16.09%	14.76%	8.78%	14.42%	12.85%	11.31%	13.31%	13.23%
Pre Tax Income Margin	11.43%	12.64%	13.59%	11.50%	11.35%	7.23%	11.14%	10.28%	9.34%	10.17%	10.04%
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	2.47
NOPAT to Interest Expense	2.15	2.41	2.17	2.58	2.45	1.98	2.52	2.18	1.91	2.17	2.04
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	-2.66
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	-3.09
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%	73.53%
Augmented Payout Ratio	56.40%	56.99%	63.10%	58.96%	62.62%	90.32%	66.39%	75.54%	78.51%	63.90%	73.53%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	115,561,705.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	115,561,705.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.39
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.94%	5.53%	24.20%	16.98%	15.84%	13.66%	-0.11%	6.46%	2.48%	7.89%	-5.28%
EBITDA Growth	-3.76%	18.69%	26.58%	26.90%	41.95%	-0.85%	5.67%	2.00%	10.31%	1.72%	-24.61%
EBIT Growth	-14.29%	34.07%	30.23%	45.35%	68.89%	-23.77%	2.98%	0.00%	17.76%	3.23%	-35.84%
NOPAT Growth	-1.12%	12.67%	47.11%	63.99%	73.40%	-17.91%	-4.86%	-6.49%	11.48%	28.13%	-35.25%
Net Income Growth	-18.97%	33.33%	47.30%	84.62%	100.00%	-44.12%	-8.26%	-13.89%	9.57%	7.89%	-55.00%
EPS Growth	-29.23%	21.43%	35.00%	76.92%	95.65%	-50.00%	-15.74%	-18.84%	4.44%	5.88%	-58.24%
Operating Cash Flow Growth	52.85%	-11.00%	548.72%	3.85%	29.79%	91.01%	32.00%	77.78%	65.16%	-12.94%	16.02%
Free Cash Flow Firm Growth	-78.28%	-320.12%	-37.17%	-21.31%	3.76%	26.52%	23.29%	48.73%	58.31%	60.80%	83.98%
Invested Capital Growth	15.10%	18.00%	15.19%	15.33%	13.42%	11.31%	10.45%	7.36%	6.03%	4.66%	2.27%
Revenue Q/Q Growth	23.77%	-9.60%	28.14%	-18.41%	22.56%	-11.30%	12.62%	-13.04%	17.97%	-6.62%	-1.12%
EBITDA Q/Q Growth	4.06%	14.63%	25.00%	-16.67%	16.40%	-19.93%	36.05%	-19.56%	25.88%	-26.17%	0.84%
EBIT Q/Q Growth	4.65%	35.56%	37.70%	-25.60%	21.60%	-38.82%	86.02%	-27.75%	43.20%	-46.37%	15.63%
NOPAT Q/Q Growth	16.92%	22.82%	56.34%	-26.96%	23.63%	-41.85%	81.19%	-28.21%	47.38%	-33.17%	-8.43%
Net Income Q/Q Growth	20.51%	44.68%	60.29%	-33.95%	30.56%	-59.57%	163.16%	-38.00%	66.13%	-60.19%	9.76%
EPS Q/Q Growth	17.95%	47.83%	58.82%	-36.11%	30.43%	-62.22%	167.65%	-38.46%	67.86%	-61.70%	5.56%
Operating Cash Flow Q/Q Growth	3.30%	-52.66%	96.63%	8.00%	29.10%	-30.33%	35.88%	45.45%	19.94%	-63.28%	81.08%
Free Cash Flow Firm Q/Q Growth	-9.26%	-22.79%	16.29%	-8.02%	13.32%	6.25%	12.60%	27.80%	29.52%	14.82%	63.05%
Invested Capital Q/Q Growth	3.10%	5.58%	3.45%	2.41%	1.39%	3.62%	2.65%	-0.45%	0.14%	1.96%	0.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	41.27%	48.28%	45.75%	49.60%	44.99%	44.54%	48.49%	49.44%	49.16%	44.77%	46.42%
EBITDA Margin	25.56%	32.41%	32.29%	32.98%	31.32%	28.28%	34.16%	31.60%	33.72%	26.66%	27.19%
Operating Margin	10.60%	15.59%	17.44%	15.30%	15.72%	10.68%	18.10%	14.62%	18.28%	10.69%	12.17%
EBIT Margin	11.22%	16.83%	18.08%	16.49%	16.36%	11.29%	18.64%	15.49%	18.80%	10.80%	12.63%
Profit (Net Income) Margin	5.86%	9.38%	11.73%	9.50%	10.12%	4.61%	10.78%	7.68%	10.82%	4.61%	5.12%
Tax Burden Percent	88.68%	81.93%	89.34%	91.14%	89.52%	86.36%	81.97%	83.78%	83.74%	102.50%	83.33%
Interest Burden Percent	58.89%	68.03%	72.62%	63.20%	69.08%	47.31%	70.52%	59.20%	68.72%	41.67%	48.65%
Effective Tax Rate	11.32%	18.07%	10.66%	8.86%	10.48%	13.64%	18.03%	16.22%	16.26%	-2.50%	16.67%
Return on Invested Capital (ROIC)	3.96%	5.22%	6.47%	5.86%	6.01%	3.88%	6.06%	5.03%	6.28%	4.46%	4.00%
ROIC Less NNEP Spread (ROIC-NNEP)	3.22%	4.62%	5.62%	5.08%	5.17%	3.06%	5.27%	4.27%	5.38%	3.29%	3.11%
Return on Net Nonoperating Assets (RNNOA)	4.06%	6.21%	7.16%	6.54%	6.50%	3.97%	6.88%	5.61%	6.77%	4.00%	3.87%
Return on Equity (ROE)	8.02%	11.44%	13.63%	12.40%	12.52%	7.85%	12.94%	10.64%	13.05%	8.46%	7.88%
Cash Return on Invested Capital (CROIC)	-9.37%	-11.89%	-9.06%	-8.77%	-6.52%	-5.10%	-4.59%	-1.88%	-0.51%	0.83%	2.52%
Operating Return on Assets (OROA)	3.17%	4.54%	5.16%	4.83%	4.86%	3.27%	5.28%	4.45%	5.30%	3.00%	3.44%
Return on Assets (ROA)	1.65%	2.53%	3.35%	2.78%	3.01%	1.34%	3.05%	2.21%	3.05%	1.28%	1.39%
Return on Common Equity (ROCE)	8.02%	11.44%	13.63%	12.40%	12.52%	7.85%	12.94%	10.64%	13.05%	8.46%	7.88%
Return on Equity Simple (ROE_SIMPLE)	6.40%	0.00%	7.60%	8.50%	9.45%	0.00%	7.91%	7.63%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	75	93	145	106	131	76	138	99	146	97	89
NOPAT Margin	9.40%	12.77%	15.58%	13.95%	14.07%	9.22%	14.84%	12.25%	15.31%	10.95%	10.14%
Net Nonoperating Expense Percent (NNEP)	0.74%	0.60%	0.85%	0.78%	0.84%	0.82%	0.79%	0.76%	0.90%	1.17%	0.89%
Return On Investment Capital (ROIC_SIMPLE)	-	1.20%	-	-	-	0.88%	1.56%	1.12%	1.63%	1.08%	0.99%
Cost of Revenue to Revenue	58.73%	51.72%	54.25%	50.40%	55.01%	55.46%	51.51%	50.56%	50.84%	55.23%	53.58%
SG&A Expenses to Revenue	11.10%	10.90%	10.23%	12.80%	10.98%	13.23%	10.34%	11.90%	10.40%	11.36%	12.06%
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	30.67%	32.69%	28.31%	34.30%	29.28%	33.86%	30.39%	34.82%	30.88%	34.08%	34.24%
Earnings before Interest and Taxes (EBIT)	90	122	168	125	152	93	173	125	179	96	111
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	205	235	300	250	291	233	317	255	321	237	239
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.19	1.26	1.21	1.28	1.36	1.21	1.27	1.16	1.22	1.31	1.48
Price to Tangible Book Value (P/TBV)	1.19	1.26	1.21	1.28	1.36	1.21	1.27	1.16	1.22	1.31	1.48
Price to Revenue (P/Rev)	1.36	1.43	1.35	1.39	1.48	1.34	1.42	1.28	1.37	1.51	1.73
Price to Earnings (P/E)	18.54	18.37	15.96	15.05	14.39	14.70	16.04	15.13	15.91	17.64	24.30
Dividend Yield	4.79%	4.53%	4.58%	4.45%	4.07%	4.53%	4.48%	4.98%	4.66%	4.32%	3.98%
Earnings Yield	5.39%	5.44%	6.27%	6.64%	6.95%	6.80%	6.23%	6.61%	6.29%	5.67%	4.12%
Enterprise Value to Invested Capital (EV/IC)	1.08	1.11	1.09	1.12	1.16	1.09	1.12	1.07	1.10	1.14	1.22
Enterprise Value to Revenue (EV/Rev)	2.75	2.94	2.82	2.85	2.88	2.74	2.87	2.69	2.76	2.87	3.12
Enterprise Value to EBITDA (EV/EBITDA)	9.42	9.84	9.33	9.26	8.94	8.77	9.05	8.57	8.60	9.07	10.47
Enterprise Value to EBIT (EV/EBIT)	20.06	20.15	18.75	18.15	16.96	17.50	18.18	17.30	16.98	17.88	21.56
Enterprise Value to NOPAT (EV/NOPAT)	24.82	26.02	23.13	21.92	20.31	20.56	21.94	21.20	21.16	21.66	25.85
Enterprise Value to Operating Cash Flow (EV/OCF)	18.43	20.49	13.78	14.30	13.79	12.10	11.83	9.58	8.49	9.17	9.54
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	140.25	48.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.24	1.33	1.36	1.35	1.30	1.27	1.30	1.30	1.26	1.19	1.20
Long-Term Debt to Equity	1.24	1.26	1.34	1.33	1.28	1.22	1.28	1.28	1.25	1.19	1.19
Financial Leverage	1.26	1.34	1.27	1.29	1.26	1.30	1.31	1.32	1.26	1.22	1.24
Leverage Ratio	3.38	3.55	3.31	3.28	3.25	3.34	3.33	3.31	3.28	3.25	3.25
Compound Leverage Factor	1.99	2.42	2.40	2.08	2.24	1.58	2.34	1.96	2.26	1.35	1.58
Debt to Total Capital	55.30%	57.11%	57.70%	57.51%	56.49%	55.99%	56.56%	56.49%	55.85%	54.37%	54.46%
Short-Term Debt to Total Capital	0.00%	2.92%	0.98%	0.98%	0.96%	2.29%	0.77%	0.77%	0.76%	0.00%	0.10%
Long-Term Debt to Total Capital	55.30%	54.19%	56.72%	56.54%	55.53%	53.71%	55.79%	55.72%	55.09%	54.37%	54.36%
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	44.70%	42.89%	42.30%	42.49%	43.51%	44.01%	43.44%	43.51%	44.15%	45.63%	45.55%
Debt to EBITDA	4.84	5.06	5.04	4.76	4.38	4.49	4.59	4.56	4.44	4.36	4.68
Net Debt to EBITDA	4.78	5.05	4.85	4.76	4.35	4.48	4.58	4.51	4.32	4.29	4.67
Long-Term Debt to EBITDA	4.84	4.80	4.95	4.68	4.31	4.31	4.52	4.50	4.38	4.36	4.67
Debt to NOPAT	12.74	13.36	12.49	11.28	9.95	10.54	11.12	11.29	10.92	10.41	11.56
Net Debt to NOPAT	12.60	13.35	12.02	11.27	9.88	10.52	11.10	11.16	10.62	10.25	11.54
Long-Term Debt to NOPAT	12.74	12.68	12.28	11.09	9.78	10.11	10.97	11.13	10.77	10.41	11.54
Altman Z-Score	0.84	0.79	0.84	0.84	0.88	0.79	0.84	0.80	0.83	0.84	0.89
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	1.14	0.84	1.22	1.00	0.98	0.92	1.06	0.97	1.08	1.08	1.09
Quick Ratio	0.57	0.38	0.47	0.45	0.47	0.42	0.51	0.43	0.46	0.54	0.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-886	-1,087	-910	-983	-852	-799	-698	-504	-355	-303	-112
Operating Cash Flow to CapEx	52.51%	20.84%	53.85%	63.42%	96.44%	43.37%	64.35%	141.77%	133.00%	51.03%	103.47%
Free Cash Flow to Firm to Interest Expense	-21.09	-23.64	-17.85	-18.91	-16.08	-14.53	-12.47	-8.84	-5.92	-5.13	-1.86
Operating Cash Flow to Interest Expense	4.48	1.93	3.43	3.63	4.60	3.09	4.13	5.89	6.72	2.51	4.47
Operating Cash Flow Less CapEx to Interest Expense	-4.05	-7.35	-2.94	-2.10	-0.17	-4.04	-2.29	1.74	1.67	-2.41	0.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.27	0.29	0.29	0.30	0.29	0.28	0.29	0.28	0.28	0.27
Accounts Receivable Turnover	8.14	7.20	8.02	9.25	8.12	7.91	7.77	8.92	7.68	7.81	8.03
Inventory Turnover	15.60	15.04	15.99	15.40	15.82	16.33	16.25	15.45	15.29	15.64	15.39
Fixed Asset Turnover	0.33	0.32	0.34	0.34	0.35	0.35	0.34	0.34	0.34	0.34	0.33
Accounts Payable Turnover	6.58	3.89	6.29	7.13	6.59	5.21	6.41	7.05	5.83	5.36	6.65
Days Sales Outstanding (DSO)	44.85	50.70	45.51	39.46	44.96	46.16	46.97	40.92	47.51	46.75	45.43
Days Inventory Outstanding (DIO)	23.40	24.27	22.83	23.71	23.07	22.34	22.46	23.62	23.87	23.34	23.72
Days Payable Outstanding (DPO)	55.45	93.82	57.99	51.21	55.41	70.09	56.91	51.78	62.63	68.16	54.93
Cash Conversion Cycle (CCC)	12.80	-18.85	10.34	11.96	12.62	-1.59	12.52	12.76	8.75	1.93	14.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,325	7,734	8,001	8,194	8,308	8,609	8,837	8,797	8,809	8,982	9,038
Invested Capital Turnover	0.42	0.41	0.42	0.42	0.43	0.42	0.41	0.41	0.41	0.41	0.39
Increase / (Decrease) in Invested Capital	961	1,180	1,055	1,089	983	875	836	603	501	400	201
Enterprise Value (EV)	7,943	8,604	8,739	9,165	9,615	9,415	9,870	9,395	9,680	10,247	11,016
Market Capitalization	3,913	4,189	4,197	4,455	4,937	4,600	4,877	4,450	4,821	5,398	6,098
Book Value per Share	$32.59	$32.82	$34.15	$33.82	$35.22	$35.98	$35.15	$35.17	$36.05	$36.74	$35.65
Tangible Book Value per Share	$32.59	$32.82	$34.15	$33.82	$35.22	$35.98	$35.15	$35.17	$36.05	$36.74	$35.65
Total Capital	7,372	7,739	8,177	8,200	8,343	8,621	8,848	8,853	8,946	9,058	9,046
Total Debt	4,077	4,420	4,718	4,716	4,713	4,827	5,004	5,001	4,996	4,925	4,926
Total Long-Term Debt	4,077	4,194	4,638	4,636	4,633	4,630	4,936	4,933	4,928	4,925	4,917
Net Debt	4,030	4,415	4,542	4,710	4,678	4,815	4,993	4,945	4,859	4,849	4,918
Capital Expenditures (CapEx)	358	427	325	298	253	392	359	237	303	290	259
Debt-free, Cash-free Net Working Capital (DFCFNWC)	41	44	101	72	23	91	109	-11	5.00	3.00	82
Debt-free Net Working Capital (DFNWC)	88	49	277	78	58	103	120	45	142	79	90
Net Working Capital (NWC)	88	-177	197	-2.00	-22	-94	52	-23	74	79	81
Net Nonoperating Expense (NNE)	28	25	36	34	37	38	38	37	43	56	44
Net Nonoperating Obligations (NNO)	4,030	4,415	4,542	4,710	4,678	4,815	4,993	4,945	4,859	4,849	4,918
Total Depreciation and Amortization (D&A)	115	113	132	125	139	140	144	130	142	141	128
Debt-free, Cash-free Net Working Capital to Revenue	1.42%	1.51%	3.25%	2.24%	0.69%	2.65%	3.17%	-0.32%	0.14%	0.08%	2.32%
Debt-free Net Working Capital to Revenue	3.05%	1.68%	8.92%	2.43%	1.74%	2.99%	3.49%	1.29%	4.04%	2.21%	2.55%
Net Working Capital to Revenue	3.05%	-6.06%	6.35%	-0.06%	-0.66%	-2.73%	1.51%	-0.66%	2.11%	2.21%	2.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.47	$0.66	$1.08	$0.69	$0.91	$0.34	$0.00	$0.56	$0.94	$0.00	$0.39
Adjusted Weighted Average Basic Shares Outstanding	100.85M	97.76M	101.30M	103.03M	103.85M	103.95M	109.42M	109.52M	110.17M	110.47M	115.64M
Adjusted Diluted Earnings per Share	$0.46	$0.68	$1.08	$0.69	$0.90	$0.34	$0.91	$0.56	$0.94	$0.36	$0.38
Adjusted Weighted Average Diluted Shares Outstanding	101.10M	97.95M	101.47M	103.23M	104.34M	104.16M	109.68M	109.77M	110.42M	110.74M	116.14M
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	101.12M	101.16M	103.03M	103.07M	105.46M	109.35M	109.51M	109.56M	112.49M	115.56M	115.73M
Normalized Net Operating Profit after Tax (NOPAT)	75	93	145	106	131	76	138	99	146	67	89
Normalized NOPAT Margin	9.40%	12.77%	15.58%	13.95%	14.07%	9.22%	14.84%	12.25%	15.31%	7.48%	10.14%
Pre Tax Income Margin	6.61%	11.45%	13.13%	10.42%	11.30%	5.34%	13.15%	9.17%	12.92%	4.50%	6.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.14	2.65	3.29	2.40	2.87	1.69	3.09	2.19	2.98	1.63	1.85
NOPAT to Interest Expense	1.79	2.01	2.84	2.03	2.47	1.38	2.46	1.73	2.43	1.65	1.49
EBIT Less CapEx to Interest Expense	-6.38	-6.63	-3.08	-3.33	-1.91	-5.44	-3.32	-1.96	-2.07	-3.29	-2.47
NOPAT Less CapEx to Interest Expense	-6.73	-7.27	-3.53	-3.70	-2.31	-5.75	-3.95	-2.42	-2.62	-3.26	-2.83
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	81.52%	78.51%	71.10%	64.53%	57.14%	63.90%	68.09%	72.45%	72.28%	73.53%	91.63%
Augmented Payout Ratio	81.52%	78.51%	71.10%	64.53%	57.14%	63.90%	68.09%	72.45%	72.28%	73.53%	91.63%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for Portland General Electric (POR) based on the quarterly financials provided, focusing on the last four years of data and highlighting trends in revenue, profitability, cash flow, and the balance sheet.

In Q3 2025, net cash from continuing operating activities was $403 million, highlighting strong quarterly operating cash flow.
In 2025 POR raised about $371 million of common equity (Q2: $120.9M, Q3: $49.0M, Q4: $201.0M) to fund capital investments.
Q3 2025 net income to common shareholders reached $103 million, marking a strong quarterly profitability level.
Q3 2025 total operating income was $174 million, signaling improved operating profitability in that quarter.
Across 2025, operating revenue held steady in the $0.8–0.95 billion range, with Q3 peaking at $952 million.
Retained earnings grew to about $1.774 billion by Q4 2025, reflecting accumulated profitability.
Long-term debt remained roughly $4.66 billion through 2025, indicating a stable leverage profile.
Capital expenditures remained elevated, with quarterly PPE purchases about $237–$359 million, signaling ongoing infrastructure investments.
Dividends per share held at $0.525, providing a steady cash return to shareholders.
Total assets were about $13.0 billion in 2025, with liabilities and equity aligning to a similar level on the balance sheet.

05/14/26 06:14 AM ETAI Generated. May Contain Errors.

Portland General Electric Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Portland General Electric's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Portland General Electric's net income appears to be on an upward trend, with a most recent value of $306 million in 2025, rising from $172 million in 2015. The previous period was $313 million in 2024. See Portland General Electric's forecast for analyst expectations on what's next for the company.

Portland General Electric's total operating income in 2025 was $555 million, based on the following breakdown:

Total Gross Profit: $1.72 billion
Total Operating Expenses: $1.16 billion

Over the last 10 years, Portland General Electric's total revenue changed from $1.90 billion in 2015 to $3.58 billion in 2025, a change of 88.4%.

Portland General Electric's total liabilities were at $9.10 billion at the end of 2025, a 4.0% increase from 2024, and a 83.7% increase since 2015.

In the past 10 years, Portland General Electric's cash and equivalents has ranged from $0.00 in 2019 to $257 million in 2020, and is currently $76 million as of their latest financial filing in 2025.

Over the last 10 years, Portland General Electric's book value per share changed from 25.44 in 2015 to 36.74 in 2025, a change of 44.4%.

Related Companies

Financial statements for NYSE:POR last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Portland General Electric (POR) Financials

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