PG&E: revenue, profit and dividends

In fiscal 2025, PG&E had revenue of $24.9B, up 4.0% a year on average since 2015, and net income of $2.59B (10.4% of revenue). It has 352% more shares than in 2015.

Revenue, fiscal 2025

$24.9B+4.0% a year

average annual revenue growth since 2015 · +2.1% vs 2024

Net income, 2025

$2.59B

10.4% of revenue

Diluted EPS, 2025

$1.18

−4.1% a year since 2015

Revenue growth, 5 years

6.2% a year

since 2020

Shares, 2025

2.2B

+352.2% since 2015

Free cash flow, 2025

−$3.07B

$8.72B from operations − $11.8B capex

Ticker: PCG · NYSE
Sector: Utilities
Sub-industry: Multi-Utilities
Headquarters: Oakland, California
Founded: 1905
In the S&P 500 since: October 3, 2022
Latest fiscal year: 2025, ended December 31, 2025
SEC filer: PG&E Corp · CIK 0001004980

Revenue and net income

Revenue went from $13.2B in 2007 to $24.9B in 2025. Net loss in 2018–2021.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $2.78 in 2007 to $1.18 in 2025. Ten-year growth: −4.1% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

No dividend per share for 2025 in the data.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

352.2% more shares in 2025 than in 2015 (487M → 2.2B): new shares outweighed buybacks.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was −$3.07B in 2025, −12.3% of revenue. Negative in 2008–2011, 2013–2016, 2018–2025.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2025	$24.9B	$2.59B	10.4%	$1.18	—	2.2B	$8.72B	$11.8B	−$3.07B
2024	$24.4B	$2.48B	10.1%	$1.15	—	2.15B	$8.04B	$10.4B	−$2.33B
2023	$24.4B	$2.24B	9.2%	$1.05	—	2.14B	$4.75B	$9.71B	−$4.97B
2022	$21.7B	$1.8B	8.3%	$0.84	—	2.13B	$3.72B	$9.58B	−$5.86B
2021	$20.6B	−$102M	−0.5%	−$0.05	—	1.99B	$2.26B	$7.69B	−$5.43B
2020	$18.5B	−$1.32B	−7.1%	−$1.05	—	1.26B	−$19.1B	$7.69B	−$26.8B
2019	$17.1B	−$7.66B	−44.7%	−$14.50	—	528M	$4.82B	$6.31B	−$1.5B
2018	$16.8B	−$6.85B	−40.9%	−$13.25	—	517M	$4.75B	$6.51B	−$1.76B
2017	$17.1B	$1.65B	9.6%	$3.21	—	513M	$5.98B	$5.64B	$336M
2016	$17.7B	$1.39B	7.9%	$2.78	—	501M	$4.41B	$5.71B	−$1.3B
2015	$16.8B	$874M	5.2%	$1.79	—	487M	$3.78B	$5.17B	−$1.39B
2014	$17.1B	$1.44B	8.4%	$3.06	—	470M	$3.69B	$4.83B	−$1.14B
2013	$15.6B	$814M	5.2%	$1.83	—	445M	$3.43B	$5.21B	−$1.78B
2012	$15B	$816M	5.4%	$1.92	$1.82	425M	$4.88B	$4.62B	$258M
2011	$15B	$844M	5.6%	$2.10	$1.82	402M	$3.74B	$4.04B	−$299M
2010	$13.8B	$1.1B	7.9%	$2.82	$1.82	392M	$3.21B	$3.8B	−$596M
2009	$13.4B	$1.22B	9.1%	$3.20	$1.68	386M	$3.04B	$3.96B	−$919M
2008	$14.6B	$1.34B	9.1%	$3.63	$1.56	358M	$2.76B	$3.63B	−$865M
2007	$13.2B	$1.01B	7.6%	$2.78	$1.44	353M	$2.56B	−$2.77B	$5.33B