PG&E

PCG · Utilities · Market cap $46.9B

Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 12, 2026

Revenue$6.8B +3% year over year

Gross profit–

Operating profit$1.2B

Net profit$0.7B 10% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.8	100%	+3%
Electricity	5	74%	+5%
Natural Gas US Regulated	1.8	26%	−4%
Operating expenses	−5.6	82%	+0pp
Operating profit	1.2	18% margin	+3pp
Interest & other costs	−0.6
Net profit	0.7	10%	+0pp

All figures in billions of U.S. dollars, for Q4 FY24 (period ends Dec 31, 2024).
Item	Value	Share of revenue	Year over year
Revenue	6.6	100%	−6%
Electricity	4.8	73%	−4%
Natural Gas US Regulated	1.9	29%	−11%
Operating expenses	−5.6	85%	+0pp
Operating profit	1	15% margin	−1pp
Interest & other costs	−0.5
Net profit	0.7	10%	−3pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q4 FY25	Oct 1 – Dec 31, 2025	Feb 12, 2026	$6.8B	+3%	18%	$0.7B	10%
Q4 FY24	Oct 1 – Dec 31, 2024	Feb 13, 2025	$6.6B	−6%	15%	$0.7B	10%