PCGPG&E Corporation

$13.13-11% 1Y

$13.13

$11.9552 weeks$19.06

Is the business good?

Mixed

The checks split: earnings fully cash-backed (2.0×) and margins widening, but returns that lean on debt.

2 good, 1 to watch, 1 without data

Profits arrive as cash2.00×derived · Jun 30, 2026

Operating profit is fully backed by cash. Conversion is worsening vs a year ago.

Margin direction, 3 years+11.1 pts

Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.

Where ROE comes from4.3× leverage

Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 9% = margin × turnover × leverage.

Unless marked, from derived.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

FCF conversionbottom 2% of the market

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

PG&E Corporation earns 4.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

4.2%

Return on invested capital · cost of capital 9.0% · 4.8 points below what the capital costs: growth destroys value

Operating margin: 20%
Operating margin · Utilities - Regulated Electric median 22% · 12 months to Q2 2026
Cash conversion: 2.00×
Cash conversion · 2.60× a year ago · operating cash flow covers the operating profit after tax
Share count, year on year: +3.7%
Share count, year on year · shareholders own a smaller slice than a year ago

Details›

Operating margin12 months to Q2 2026: 20%
Net margin12 months to Q2 2026: 12%
Free cash flow margin: −17%
Revenue, trailing twelve months: $25.8B
Free cash flow, trailing twelve months: −$4.26B
Net income, trailing twelve months: $3.17B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash: 4.2%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

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