PG&E Corp. income statement & cash flow
In the fiscal year ended Dec 31, 2025, PG&E Corp. reported net income of $2.70B on revenue of $24.93B. Operating cash flow was $8.72B and capital expenditures were $11.79B, leaving −$3.07B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.67B | $17.14B | $16.76B | $17.13B | $18.47B | $20.64B | $21.68B | $24.43B | $24.42B | $24.93B |
| Operating income | $2.08B | $2.90B | −$9.70B | −$10.09B | $1.75B | $1.88B | $1.84B | $2.67B | $4.46B | $4.75B |
| Net income | $1.41B | $1.66B | −$6.84B | −$7.64B | −$1.30B | −$88.00M | $1.81B | $2.26B | $2.51B | $2.70B |
| Diluted EPS | $2.78 | $3.21 | −$13.25 | −$14.50 | −$1.05 | −$0.05 | $0.84 | $1.05 | $1.15 | $1.18 |
| Operating cash flow | $4.41B | $5.98B | $4.75B | $4.82B | −$19.13B | $2.26B | $3.72B | $4.75B | $8.04B | $8.72B |
| Capital expenditures | $5.71B | $5.64B | $6.51B | $6.31B | $7.69B | $7.69B | $9.58B | $9.71B | $10.37B | $11.79B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 19.0% | 10.8% |
| Dec 2024 | — | 18.3% | 10.3% |
| Dec 2023 | — | 10.9% | 9.2% |
| Dec 2022 | — | 8.5% | 8.4% |
| Dec 2021 | — | 9.1% | -0.4% |
Source: SEC EDGAR XBRL company facts for CIK 1004980 (raw data). Most recent filing in this dataset: 10-Q filed Jul 23, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.