Pg&E $PCG Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up PG&E CORP ($PCG). Last filing: 8-K (7.01 Regulation FD Disclosure), 2026-08-31. 12 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $24.9B (FY2025), total debt $58.2B. Experience: revenue up 2.1% on the year, up 4.8% a year over 4 years; operating margin 19.0%, up from 18.3%. Soundness: equity 23.0% of assets, return on equity 8.3%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $23.0B and $27.1B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $21.4B to $28.9B. A statistical range, not company guidance. Against peers (18 filers, $50M+ revenue, electric & other services combined): operating margin 19.0% against a 20.2% median; growth 2.1% against 13.8%.
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $8.7B · −$12.3B · $3.4B · −$3.1B |
| Investment book (cash · short · long) | $713M · — · — · current ratio 0.97 |
| Revenue swing · equity of assets | 5.2% · 23.0% |
Pg&E is growing faster than its size class, with steadier revenue. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $24.9B |
| Revenue, on the year | 2.1% |
| Revenue, a year over the record | 4.8% |
| Operating margin | 19.0% |
| Operating margin, prior year | 18.3% |
| Net margin | 10.8% |
| Research and development | not filed separately |
| Total debt | $58.2B |
| Equity of assets | 23.0% |
| Return on equity | 8.3% |
| Payout of profit | — |
| Dividend per share | $1.82 |
| Earnings per share | $1.18 |
| Book value per share | $14.78 |
| Revenue per share | $11.32 |
| Shares outstanding | 2,202,000,000 |
| Audited years read | 5 |
Peers: the median of 18 filers with $50M+ revenue in electric & other services combined.
Health HarborPg&E sails as: New ship
Health watch · 12 monthsDirector or officer change
Sailing speed follows growth: 4.8% a year crosses the harbor in 66 seconds.
🌊 Visit the Bay →No warning signs on the measures below.
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-08-31 · 7.01 Regulation FD Disclosure
- 8-K · 2026-08-04 · 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-07-23
- 8-K · 2026-07-23 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-23 · 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-03 · 8.01 Other Events; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company