Consolidated Edison vs PG&E
PG&E is the larger business, with $24.93bn of revenue in fiscal 2025 against $16.92bn for Consolidated Edison (1.5 times as much). Consolidated Edison grew faster (10.9% against 2.1%). Consolidated Edison kept more of each dollar of sales as profit: a net margin of 12.0% against 10.4%. Consolidated Edison carries less debt relative to equity (113.2% against 187.1%).
| Latest fiscal year | Consolidated EdisonED, 2025 | PG&EPCG, 2025 |
|---|---|---|
| Revenue | $16.92bn | $24.93bn |
| Revenue growth | 10.9% | 2.1% |
| Net income | $2.02bn | $2.59bn |
| Operating margin | 17.3% | 19.0% |
| Net margin | 12.0% | 10.4% |
| Return on equity | 8.8% | 8.3% |
| Free cash flow | $4.80bn | −$3.07bn |
| Cash | $1.63bn | $713m |
| Total debt | $27.38bn | $60.88bn |
| Debt to equity | 113.2% | 187.1% |
| Dividend per share | — | — |
| Dividend yield | 2.8% | 0.6% |
| Share buybacks | $0 | — |
| Employees | 15,407 | — |
| Market value | $42.16bn | $29.06bn |
| Price vs our value range | Within our value range | — |
| Moat score | 46 (Moderate) | 16 (Weak) |
| Insider trades, 12 months | 4 buys, 3 sales | 2 buys, 13 sales |