PG&E Corporation (PCG) Income Statement

NYSE: PCGRevenue, profits, margins and EPS over 10 years.

PCG 2025 at a glance

Fiscal year ended December 31, 2025 · U.S. dollars
Revenue+2.1%
$24.93B
2025 · hover or tap a bar for each year
2016: $17.67B (+4.9%)2017: $17.14B (−3.0%)2018: $16.76B (−2.2%)2019: $17.13B (+2.2%)2020: $18.47B (+7.8%)2021: $20.64B (+11.8%)2022: $21.68B (+5.0%)2023: $24.43B (+12.7%)2024: $24.42B (−0.0%)2025: $24.93B (+2.1%)
20162025
Gross profit−46.7%
$4.88B
2025 · hover or tap a bar for each year
2016: $2.89B (+21.7%)2017: $2.98B (+3.1%)2018: $2.32B (−22.4%)2019: $1.49B (−35.5%)2020: $2.01B (+34.4%)2021: $2.14B (+6.7%)2022: $2.68B (+25.3%)2023: $4.00B (+49.2%)2024: $9.16B (+128.8%)2025: $4.88B (−46.7%)
20162025
Operating income+9.5%
$4.88B
2025 · hover or tap a bar for each year
2016: $2.89B (+21.7%)2017: $2.98B (+3.1%)2018: $2.32B (−22.4%)2019: $1.49B (−35.5%)2020: $2.01B (+34.4%)2021: $2.14B (+6.7%)2022: $2.68B (+25.3%)2023: $4.00B (+49.2%)2024: $4.46B (+11.4%)2025: $4.88B (+9.5%)
20162025
Net income+7.6%
$2.70B
2025 · hover or tap a bar for each year
2016: $1.41B (+58.4%)2017: $1.66B (+18.0%)2018: −$6.84B (−511.9%)2019: −$7.64B2020: −$1.30B2021: −$88.0M2022: $1.81B2023: $2.26B (+24.4%)2024: $2.51B (+11.3%)2025: $2.70B (+7.6%)
20162025
EPS (diluted)+10.3%
$1.50
2025 · hover or tap a bar for each year
2016: $3.75 (+20.2%)2017: $3.67 (−2.1%)2018: $4.00 (+9.0%)2019: $3.93 (−1.7%)2020: $2.35 (−40.2%)2021: $1.02 (−56.6%)2022: $1.10 (+7.8%)2023: $1.23 (+11.8%)2024: $1.36 (+10.6%)2025: $1.50 (+10.3%)
20162025
Net profit margin+0.6 pts
10.8%
2025 · hover or tap a point for each year
2016: 8.0% (+2.7 pts)2017: 9.7% (+1.7 pts)2018: −40.8% (−50.5 pts)2019: −44.6% (−3.8 pts)2020: −7.1% (+37.6 pts)2021: −0.4% (+6.6 pts)2022: 8.4% (+8.8 pts)2023: 9.2% (+0.9 pts)2024: 10.3% (+1.1 pts)2025: 10.8% (+0.6 pts)
20162025

PCG revenue and net income

RevenueNet incomeNet margin (right axis)

Where PCG's revenue goes

2025
Revenue
$24.93B100.0%
Cost of revenue
−$20.05B−80.4%
Gross profit
$4.88B19.6%
Sales, general & admin
−$402.0M−1.6%
Other operating expenses
$609.0M2.4%
Operating income
$4.88B19.6%
Interest & other expense
−$2.46B−9.9%
Income taxes
$280.0M1.1%
Net income
$2.70B10.8%

Each bar shows an amount and its share of revenue. PCG kept 10.8% of revenue as net income.

PCG profit margins

GrossOperatingNet

PCG growth rates

to 2025
1 year3 years5 years10 years
Revenue+2.1%+4.8%+6.2%+4.0%
Gross profit−46.7%+22.1%+19.5%+7.5%
Operating income+9.5%+22.1%+19.5%+7.5%
Net income+7.6%+14.2%—+11.8%
EPS (diluted)+10.3%+10.9%−8.6%−7.1%

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

PCG quarterly EPS vs estimates

Reported EPSAnalyst estimate

PG&E beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.41).

PCG income statement

2025202420232022202120202019201820172016
Revenue$24.93B$24.42B$24.43B$21.68B$20.64B$18.47B$17.13B$16.76B$17.14B$17.67B
Cost of revenue$20.05B$15.26B$20.43B$19.00B$18.50B$16.46B$15.64B$14.44B$14.15B$14.77B
Gross profit$4.88B$9.16B$4.00B$2.68B$2.14B$2.01B$1.49B$2.32B$2.98B$2.89B
Research & development———————$0$0$0
Sales, general & admin$402.0M$341.0M$636.0M$143.0M$154.0M—$36.0M$52.0M$1.0M$12.0M
Total operating expenses−$207.0M$4.70B$5.64B$5.25B$4.18B$4.13B$14.67B$14.81B$2.93B$2.91B
Operating income$4.88B$4.46B$4.00B$2.68B$2.14B$2.01B$1.49B$2.32B$2.98B$2.89B
Interest income$520.0M$604.0M$501.0M$162.0M$20.0M$39.0M$852.0M$76.0M$31.0M$23.0M
Interest expense$3.03B$3.05B$2.85B$1.92B$1.60B$1.26B$934.0M$929.0M$888.0M$829.0M
Income before taxes$2.42B$2.31B$699.0M$476.0M$748.0M−$942.0M−$11.04B−$10.13B$2.17B$1.46B
Income taxes−$280.0M−$200.0M−$1.56B−$1.34B$836.0M$362.0M−$3.40B−$3.29B$511.0M$55.0M
Net income$2.70B$2.51B$2.26B$1.81B−$88.0M−$1.30B−$7.64B−$6.84B$1.66B$1.41B
EBITDA$10.44B$9.94B$7.85B$6.73B$6.27B$4.20B−$6.87B−$6.16B$5.91B$5.05B
EPS (diluted)$1.50$1.36$1.23$1.10$1.02$2.35$3.93$4.00$3.67$3.75
Gross margin19.6%37.5%16.4%12.4%10.4%10.9%8.7%13.8%17.4%16.4%
Operating margin19.6%18.3%16.4%12.4%10.4%10.9%8.7%13.8%17.4%16.4%
Net margin10.8%10.3%9.2%8.4%−0.4%−7.1%−44.6%−40.8%9.7%8.0%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PCG's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.

PCG financial results

In fiscal year 2025 (ended December 31, 2025), PG&E reported revenue of $24.9 billion, up 2.1% from the year before. It had net income of $2.7 billion (up 7.6%), a net profit margin of 10.8%. Diluted earnings per share came to $1.50. Over five years revenue grew at an average rate of 6.2% a year.

See the PCG stock overview for the latest quote and news, or the PCG chart for price history and technical indicators.

PCG income statement FAQ

What is PG&E's annual revenue?

PG&E reported total revenue of $24.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 2.1% from $24.4 billion the previous year.

Is PG&E profitable?

Yes. PG&E reported net income of $2.7 billion in fiscal 2025, a net profit margin of 10.8%; its operating margin was 19.6%.

What is PG&E's gross margin?

PG&E's gross margin was 19.6% in fiscal 2025: for every $100 of revenue, PG&E kept $20 after the direct cost of its products and services.

How fast is PG&E growing?

Revenue grew 6.2% a year on average over the last five fiscal years, from $18.5 billion to $24.9 billion.

What are PG&E's earnings per share?

PG&E earned $1.50 per diluted share in fiscal 2025, compared with $1.36 a year earlier.

When will PG&E report its next earnings?

PG&E is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.

When does PG&E's fiscal year end?

PG&E's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.

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