PCGPG&E Corp
Electric & Other Services Combined
- Revenue
- $24.9B
- 2.1% YoY
- Operating margin
- 19.0%
- 4.3% YoY
- EBITDA
- $4.7B
- 6.5% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 11.9×
- $56.4B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear3361358× net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear1% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $20.6B | $21.7B | $24.4B | $24.4B | $24.9B | 2.1% |
| Operating income | $1.9B | $1.8B | $2.7B | $4.5B | $4.7B | 6.5% |
| Net income | −$102 | $2K | $2K | $2K | $3K | 4.8% |
| Operating cash flow | $2.3B | $3.7B | $4.7B | $8.0B | $8.7B | 8.5% |
| Capex | $7.7B | $9.6B | $9.7B | $10.4B | $11.8B | 14% |
| Stock-based comp | $56M | $115M | $91M | $98M | $134M | 37% |
| Dividends | — | $0 | $0 | $86M | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $92K · 1
- Open-market sells, 12 mo
- $89K · 1
- Net
- $2K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 130 | 145 |
| FY2024 | — | — | 163 | 129 |
| FY2023 | — | — | 145 | 112 |
| FY2022 | — | — | 130 | 119 |
| FY2021 | — | — | 97 | 117 |