{ "ok": true, "cik": "1004980", "ticker": "PCG", "name": "PG&E CORP", "filings": [ { "form": "8-K", "filed": "2026-08-31", "items": [ "7.01 Regulation FD Disclosure" ], "url": "https://www.sec.gov/Archives/edgar/data/1004980/000199937126019256/0001999371-26-019256-index.htm" }, { "form": "8-K", "filed": "2026-08-04", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1004980/000119312526332848/0001193125-26-332848-index.htm" }, { "form": "10-Q", "filed": "2026-07-23", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1004980/000100498026000048/0001004980-26-000048-index.htm" }, { "form": "8-K", "filed": "2026-07-23", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1004980/000100498026000047/0001004980-26-000047-index.htm" }, { "form": "8-K", "filed": "2026-06-23", "items": [ "1.01 Entry into a Material Definitive Agreement", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1004980/000119312526279461/0001193125-26-279461-index.htm" }, { "form": "8-K", "filed": "2026-06-03", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1004980/000119312526255485/0001193125-26-255485-index.htm" } ], "events12m": 14, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2025-12-17", "url": "https://www.sec.gov/Archives/edgar/data/1004980/000199937125020477/0001999371-25-020477-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001004980.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1004980" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up PG&E CORP ($PCG). Last filing: 8-K (7.01 Regulation FD Disclosure), 2026-08-31. 14 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 24935000000, "revenueGrowth1y": 0.021131086449076575, "revenueGrowthPerYear": 0.048369553329811854, "yearsOfData": 5, "operatingMargin": 0.1904551834770403, "operatingMarginPrior": 0.18260371022564398, "netMargin": 0.10840184479647083, "operatingCashFlow": 8716000000, "capitalSpending": 11787000000, "freeCashFlow": -3071000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 713000000, "longTermDebt": 58208000000, "longTermDebtChange": 0.044745580184869516, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 20642000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 21680000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 24428000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 24419000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 24935000000 } ], "totalEquity": 32540000000, "totalAssets": 141611000000, "equityRatio": 0.22978440940322434, "returnOnEquity": 0.08306699446834664, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": 1.82, "dividendYearsRising": 0, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 1.18, "sharesOutstanding": 2202000000, "bookValuePerShare": 14.77747502270663, "revenuePerShare": 11.323796548592188, "range80": { "low": 22995840704.77661, "high": 27059103364.733643, "baseline": 25793545211.26872, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.05215840313542207, "classVolatility": 0.06659579566308972, "volatility": 0.059814291844162155 }, "ifPaceHeld": { "low": 22995840704.77661, "high": 27059103364.733643 } }, "edgarette": "🔖 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; on a year the method never saw, 83.4% landed inside). 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%.", "peers": { "sic": 4931, "sicDescription": "Electric & Other Services Combined", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4931", "growth": [ 0.1379, 18 ], "opMargin": [ 0.2023, 18 ], "equityRatio": [ 0.2856, 15 ], "returnOnEquity": [ 0.0823, 13 ], "payoutRatio": [ 0.5996, 11 ] }, "summary": "Pg&E (PCG) grew revenue 2.1% in FY2025 to $24.9 billion, operating margin 19.0% against a 20.2% median for electric & other services combined, equity 23.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
PG&E CORP against its own record and its peers
Operating marginPeer median 20.2%19.0%Revenue, on the yearPeer median 13.8%2.1%Equity of assetsPeer median 28.6%23.0%Return on equityPeer median 8.2%8.3%Gold tick: the median of 13–15 peers with $50M+ revenue in electric & other services combined
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profitHanded back per share$1.82Revenue growth it managed2.1%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 15, "hits": 12, "rate": 0.8, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:34:35.196Z", "hash": "837b42334744f6f5", "status": "open" }, "caution": "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.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Pg&E (PCG) grew revenue 2.1% in FY2025 to $24.9 billion, operating margin 19.0% against a 20.2% median for electric & other services combined, equity 23.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 24935000000, "totalDebt": 58208000000, "cash": 713000000 }, "experience": { "revenueGrowth1y": 0.021131086449076575, "revenueGrowthPerYear": 0.048369553329811854, "operatingMargin": 0.1904551834770403, "operatingMarginPrior": 0.18260371022564398, "netMargin": 0.10840184479647083, "freeCashFlow": -3071000000 }, "soundness": { "equityRatio": 0.22978440940322434, "returnOnEquity": 0.08306699446834664, "payoutRatio": null, "dividendPerShare": 1.82, "dividendYearsRising": 0, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 4931, "sicDescription": "Electric & Other Services Combined", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4931", "growth": [ 0.1379, 18 ], "opMargin": [ 0.2023, 18 ], "equityRatio": [ 0.2856, 15 ], "returnOnEquity": [ 0.0823, 13 ], "payoutRatio": [ 0.5996, 11 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2025-12-17", "url": "https://www.sec.gov/Archives/edgar/data/1004980/000199937125020477/0001999371-25-020477-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 22995840704.77661, "high": 27059103364.733643, "baseline": 25793545211.26872, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.05215840313542207, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.059814291844162155, "k": 3 }, "stress": { "low": 21409548039.380264, "high": 28882146188.665318, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 12, "rate": 0.8, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:34:35.196Z", "hash": "837b42334744f6f5", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "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.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001004980.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1004980" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.3495, "growth3y": 0.0477, "volatility": 0.0522, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.2298, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "between", "inside": "Turns 34.9% of revenue into operating cash; revenue growing 4.8% a year over three years; no common dividend.", "outside": "Among $10B+ companies: 89th percentile for cash, 53rd for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$10B+", "cashPctInClass": 89, "growthPctInClass": 53, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "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.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 8716000000, "investing": -12316000000, "financing": 3359000000, "capitalSpending": 11787000000, "free": -3071000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 2262000000, "free": -5427000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 3721000000, "free": -5863000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 4747000000, "free": -4967000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 8035000000, "free": -2334000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 8716000000, "free": -3071000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 713000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 141611000000, "ladder": null, "currentRatio": 0.97, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.3495, "growth3y": 0.0477, "volatility": 0.0522, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.2298, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "between", "inside": "Turns 34.9% of revenue into operating cash; revenue growing 4.8% a year over three years; no common dividend.", "outside": "Among $10B+ companies: 89th percentile for cash, 53rd for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$10B+", "cashPctInClass": 89, "growthPctInClass": 53, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "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.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 8716000000, "investing": -12316000000, "financing": 3359000000, "capitalSpending": 11787000000, "free": -3071000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 2262000000, "free": -5427000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 3721000000, "free": -5863000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 4747000000, "free": -4967000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 8035000000, "free": -2334000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 8716000000, "free": -3071000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 713000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 141611000000, "ladder": null, "currentRatio": 0.97, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }