SuperworthPG&E profit margin PCG
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 12.3%
- Operating margin, 12 months
- 20.0%
- Net margin on a year earlier
- +2.3 pts
- Peer median
- 12.1%
Over the twelve months to Jun 30, 2026, PG&E kept 12.3% of its revenue as net profit, with an operating margin of 20.0% and a gross margin of 84.3%.
Five years earlier its net margin was 4.2%.
The median for 10 electric utilities of a similar size is 12.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 10.8% | 19.0% | 85.1% |
| FY2024 | 10.3% | 18.3% | 85.9% |
| FY2023 | 9.2% | 10.9% | 82.8% |
| FY2022 | 8.4% | 8.5% | 77.6% |
| FY2021 | −0.4% | 9.1% | 78.8% |
| FY2020 | −7.1% | 9.5% | 78.9% |
| FY2019 | −44.6% | −58.9% | 77.6% |
| FY2018 | −40.8% | −57.9% | 73.2% |
| FY2017 | 9.7% | 17.0% | 70.5% |
| FY2016 | 8.0% | 12.3% | 69.5% |
| FY2015 | 5.3% | 9.0% | 65.8% |
| FY2014 | 8.5% | 14.3% | 61.6% |
| FY2013 | 5.3% | 11.3% | 61.6% |
| FY2012 | 5.5% | 11.3% | 66.6% |
| FY2011 | 5.7% | 13.0% | 64.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 12.3% | +2.3 pts | 20.0% | |
| Q1 FY26 | 11.4% | +1.6 pts | 19.4% | |
| Q4 FY25 | 10.8% | +0.6 pts | 19.0% | |
| Q3 FY25 | 10.9% | −0.2 pts | 18.4% | |
| Q2 FY25 | 10.0% | −0.3 pts | 17.9% | |
| Q1 FY25 | 9.8% | −0.2 pts | 17.9% | |
| Q4 FY24 | 10.3% | +1.1 pts | 18.3% | |
| Q3 FY24 | 11.1% | +3.0 pts | 18.4% | |
| Q2 FY24 | 10.2% | +1.4 pts | 15.9% | |
| Q1 FY24 | 10.0% | +1.4 pts | 13.8% | |
| Q4 FY23 | 9.2% | +0.9 pts | 10.9% | |
| Q3 FY23 | 8.1% | −0.1 pts | 7.3% |
Against its peers
Companies in Regulated Electric nearest PG&E's size, closest first, today.
| Company | Profit margin |
|---|---|
| PCGPG&E | 12.3% |
| PEGPublic Service Enterprise | 16.0% |
| WECWEC Energy | 16.7% |
| AEEAmeren | 17.9% |
| DTEDTE Energy | 8.0% |
| CNPCenterPoint Energy | 11.6% |
| EDConsolidated Edison | 12.5% |
| FEFirstEnergy | 6.9% |
| PPLPPL | 13.5% |
| ESEversource Energy | 10.4% |
| EXCExelon | 11.0% |
| Peer median | 12.1% |
Where PG&E ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on PG&E
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.