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PCG · Power & utilities · U.S.

PG&E

Supplies electricity and gas to Northern and Central California.

Company Health

34
/100
Weak
A quick check of the business from its yearly reports (2022–2025). It doesn’t say whether the stock is a good buy.
Does it make money?
17 of 25 · Okay
$11 of every $100 in sales was left as profit last year.
Is it growing?
14 of 25 · Okay
Sales grew about 5% a year over the last 3 years.
Can it handle what it owes?
3 of 25 · Poor
It would take about 12 years of the cash its business brings in to pay off everything it owes.
Does it bring in spare cash?
0 of 25 · Poor
It spent more cash than it brought in: $12 of every $100 in sales.

Who owns it

1 of 23 own it · Nobody changed their stake
bought lately
owns it
doesn’t own it
Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Light Street, Lone Pine, Third Point, TCI, Pershing Square, Duquesne, Himalaya Capital, Giverny Capital, Fundsmith, Semper Augustus, Akre
Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Kingdom Capital, Saga Partners
From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From PG&E’s yearly reports. Tap a year to see its figures.

Sales and profit

Sales grew from $18.5 billion in 2020 to $24.9 billion in 2025, and it made a profit in 4 of the 6 years.
2025
Sales
$24.9 billion
Profit
$2.70 billion

Spare cash each year

It spent more cash than it brought in every year: $3.07 billion more in 2025.
2025
Cash shortfall
$3.07 billion
Spare cash is the cash its business brought in, minus what it spent on buildings and equipment.

What it owns and what it owes

At the end of 2025 it owned $142 billion, including $713 million in cash, and owed $109 billion.

Key facts

From its yearly report for 2025.
Sales
$24.9 billion
Profit
$2.70 billion
Cash shortfall
$3.07 billion
Cash in the bank
$713 million
Everything it owes
$109 billion
Year ends
December
Money shown in
U.S. dollars
Latest yearly report
10-K, filed Feb 12, 2026
Figures from PG&E’s yearly reports to the SEC (EDGAR), collected Oct 12, 2026.
Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works
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