Pg&E (PCG) Operating Margin (2009 - 2026)
Pg&E (PCG) recorded Operating Margin of 21.40% in Q2 2026, up 2.82 percentage points from 18.58% a year earlier and up 0.04 percentage points from the prior quarter.
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Analysis
Pg&E (PCG) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Pg&E's Operating Margin came in at 19.99% as of Jun 30, 2026, up 2.14 percentage points year-over-year; for FY2025, it came in at 19.05%, up 0.79 percentage points from FY2024.
- Annual Operating Margin has increased for three straight years, with a five-year change of +9.54 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 18.26% in FY2024 (+7.33 pp), 10.93% in FY2023 (+2.46 pp), 8.47% in FY2022 (-0.65 pp) and 9.12% in FY2021 (-0.38 pp).
- The Q2 2026 figure is the highest quarterly Operating Margin since Q1 2024.
- On a year-over-year basis, Operating Margin has increased for four consecutive quarters, with an average year-over-year change of +2.06 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 13.70 percentage points in Q4 2023, against a drop of 9.80 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 21.36% (Q1 2026), 17.99% (Q4 2025) and 19.34% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 162.78 Bn | 152.72 Bn | - | 29.71% |
| 2 | Southern | 100.19 Bn | 91.25 Bn | 5.92 Bn | 25.46% |
| 3 | Duke Energy | 91.91 Bn | 88.50 Bn | 6.74 Bn | 29.69% |
| 4 | National Grid | 77.40 Bn | 49.69 Bn | - | - |
| 5 | American Electric Power | 68.36 Bn | 65.53 Bn | 3.84 Bn | 22.90% |
| 6 | Dominion Energy | 54.82 Bn | 52.81 Bn | - | 7.34% |
| 7 | Sempra | 53.87 Bn | 52.99 Bn | 2.89 Bn | 23.72% |
| 8 | Entergy | 48.18 Bn | 37.31 Bn | - | 24.13% |
| 9 | Xcel Energy | 46.63 Bn | 41.53 Bn | - | 22.64% |
| 10 | Pg&E | 29.32 Bn | 26.10 Bn | 4.99 Bn | 21.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.40% |
| Mar 31, 2026 | 21.36% |
| Dec 31, 2025 | 17.99% |
| Sep 30, 2025 | 19.34% |
| Jun 30, 2025 | 18.58% |
| Mar 31, 2025 | 20.39% |
| Dec 31, 2024 | 15.38% |
| Sep 30, 2024 | 17.32% |
| Jun 30, 2024 | 18.94% |
| Mar 31, 2024 | 21.77% |
| Dec 31, 2023 | 16.12% |
| Sep 30, 2023 | 6.81% |
| Jun 30, 2023 | 9.57% |
| Mar 31, 2023 | 10.13% |
| Dec 31, 2022 | 2.42% |
| Sep 30, 2022 | 13.46% |
| Jun 30, 2022 | 8.69% |
| Mar 31, 2022 | 9.24% |
| Dec 31, 2021 | 12.22% |
| Sep 30, 2021 | 5.56% |
API Access
Pg&E Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=PCG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "PCG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=PCG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();