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Portland General Electric Co key statistics and ratios

In fiscal 2025, Portland General Electric Co had return on equity of 7.7%, an operating margin of 15.5%, debt equal to 113.2% of equity and a current ratio of 1.08. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Operating margin17.7%18.9%17.4%16.6%12.5%15.8%15.0%13.5%14.9%15.5%14.4%
Net margin10.0%9.3%10.6%10.1%7.2%10.2%8.8%7.8%9.1%8.6%7.7%
Free-cash-flow margin−1.1%4.1%1.8%−2.8%−10.1%−4.3%−3.5%−32.1%−14.2%−2.0%−11.7%
Return on equity8.2%7.9%8.6%8.4%6.0%9.2%8.5%7.5%8.8%7.7%6.5%
Return on assets2.6%2.4%2.7%2.6%1.8%2.6%2.3%2.1%2.6%2.4%2.0%
Asset turnover0.260.260.250.260.250.260.270.270.290.280.26
Current ratio0.801.220.810.960.880.900.810.840.921.081.15
Debt to equity100.7%100.8%99.3%100.7%122.8%121.9%131.7%124.9%119.6%113.2%123.0%
Interest cover (operating income ÷ interest)3.0x3.2x2.8x2.8x2.0x2.8x2.5x2.3x2.4x2.4x2.1x
Effective tax rate20.6%31.5%7.4%11.2%0.0%8.6%14.3%16.5%10.6%14.8%12.5%
Capital spending as % of revenue30.4%25.6%29.9%28.5%36.6%26.5%28.9%46.5%36.9%33.2%38.7%
Free cash flow ÷ net income−11.4%44.4%16.5%−28.0%−140.0%−42.6%−39.5%−411.4%−156.5%−23.2%−152.4%
Dividends ÷ net income57.0%63.1%59.0%62.6%90.3%61.5%67.8%78.5%63.9%73.5%88.6%
Dividends and buybacks ÷ free cash flow—142.2%357.1%————————

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 7 checks passed · September 30, 2026
What it owns · $13.8bn
Short-term assets $1.0bnLonger-term assets $12.8bn
What it owes, and who funded it · $13.8bn
Short-term liabilities $912mLonger-term liabilities $8.6bnShareholders' equity $4.3bn
  • Short-term assets cover short-term liabilities $1.0bn of assets due within a year against $912m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.0bn short-term assets against $8.6bn of longer-dated liabilities.
  • More cash than debt $69m of cash against $5.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 116% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 121% to 116% over five years.
  • A year's operating cash flow covers at least 20% of debt $959m of operating cash flow against $5.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of $510m against $242m of interest.

From Portland General Electric Co's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

27 /100

Weak moat

How hard Portland General Electric's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Net income has been a median 2.5% of total assets over 10 years.

  • Durability 14 / 20

    Operating margin has been a median 15.6%; its worst year was 12.8%.

  • Cash conversion 1 / 20

    Free cash flow was positive in 1 of 9 years, at a median -6.5% of revenue.

  • Discipline 5 / 20

    The diluted share count rose 29.4% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: OGE vs PORHE vs PORLNT vs PORELPC vs POR

More: Electric Utilities stocks compared, Utilities sector, rankings of US companies

Figures from Portland General Electric Co's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Portland General Electric Co.