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Side-by-side financial comparison of CBRE Group (CBRE) and PG&E Corporation (PCG). Click either name above to swap in a different company.

CBRE Group is the larger business by last-quarter revenue ($10.5B vs $6.9B, roughly 1.5× PG&E Corporation). PG&E Corporation runs the higher net margin — 12.9% vs 3.0%, a 9.8% gap on every dollar of revenue. On growth, CBRE Group posted the faster year-over-year revenue change (22.0% vs 15.0%). Over the past eight quarters, CBRE Group's revenue compounded faster (13.0% CAGR vs 7.2%).

CBRE can refer to:Canadian Brotherhood of Railway Employees, a railway trade union in Canada Chemical, Biological, Radiological and Explosive Defence Group, a counter-terrorism unit in Singapore CBRE Group, a multinational real estate corporation Certified broadcast radio engineer, a professional title regulated by The Society of Broadcast Engineers

Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at Kaiser Center, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.

CBRE vs PCG — Head-to-Head

Bigger by revenue
CBRE
CBRE
1.5× larger
CBRE
$10.5B
$6.9B
PCG
Growing faster (revenue YoY)
CBRE
CBRE
+7.0% gap
CBRE
22.0%
15.0%
PCG
Higher net margin
PCG
PCG
9.8% more per $
PCG
12.9%
3.0%
CBRE
Faster 2-yr revenue CAGR
CBRE
CBRE
Annualised
CBRE
13.0%
7.2%
PCG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CBRE
CBRE
PCG
PCG
Revenue
$10.5B
$6.9B
Net Profit
$318.0M
$885.0M
Gross Margin
17.6%
Operating Margin
4.9%
21.4%
Net Margin
3.0%
12.9%
Revenue YoY
22.0%
15.0%
Net Profit YoY
95.1%
39.6%
EPS (diluted)
$0.39

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CBRE
CBRE
PCG
PCG
Q1 26
$10.5B
$6.9B
Q4 25
$11.5B
$6.8B
Q3 25
$10.1B
$6.3B
Q2 25
$9.6B
$5.9B
Q1 25
$8.8B
$6.0B
Q4 24
$10.2B
$6.6B
Q3 24
$8.8B
$5.9B
Q2 24
$8.2B
$6.0B
Net Profit
CBRE
CBRE
PCG
PCG
Q1 26
$318.0M
$885.0M
Q4 25
$416.0M
$670.0M
Q3 25
$363.0M
$850.0M
Q2 25
$215.0M
$549.0M
Q1 25
$163.0M
$634.0M
Q4 24
$487.0M
$674.0M
Q3 24
$225.0M
$579.0M
Q2 24
$130.0M
$524.0M
Gross Margin
CBRE
CBRE
PCG
PCG
Q1 26
17.6%
Q4 25
17.3%
Q3 25
17.7%
Q2 25
17.1%
Q1 25
17.1%
Q4 24
18.7%
Q3 24
18.1%
Q2 24
17.6%
Operating Margin
CBRE
CBRE
PCG
PCG
Q1 26
4.9%
21.4%
Q4 25
5.4%
18.0%
Q3 25
4.8%
19.3%
Q2 25
3.9%
18.6%
Q1 25
3.1%
20.4%
Q4 24
5.8%
15.4%
Q3 24
4.2%
17.3%
Q2 24
3.0%
18.9%
Net Margin
CBRE
CBRE
PCG
PCG
Q1 26
3.0%
12.9%
Q4 25
3.6%
9.8%
Q3 25
3.6%
13.6%
Q2 25
2.2%
9.3%
Q1 25
1.9%
10.6%
Q4 24
4.8%
10.2%
Q3 24
2.5%
9.7%
Q2 24
1.6%
8.8%
EPS (diluted)
CBRE
CBRE
PCG
PCG
Q1 26
$0.39
Q4 25
$1.38
$0.29
Q3 25
$1.21
$0.37
Q2 25
$0.72
$0.24
Q1 25
$0.54
$0.28
Q4 24
$1.58
$0.30
Q3 24
$0.73
$0.27
Q2 24
$0.42
$0.24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CBRE
CBRE
PCG
PCG
Cash + ST InvestmentsLiquidity on hand
$1.7B
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$8.9B
Total Assets
$30.2B
Debt / EquityLower = less leverage
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBRE
CBRE
PCG
PCG
Q1 26
$1.7B
Q4 25
$1.9B
$713.0M
Q3 25
$1.7B
$404.0M
Q2 25
$1.4B
$494.0M
Q1 25
$1.4B
$2.0B
Q4 24
$1.1B
$940.0M
Q3 24
$1.0B
$895.0M
Q2 24
$928.0M
$1.3B
Total Debt
CBRE
CBRE
PCG
PCG
Q1 26
$5.1B
Q4 25
$57.4B
Q3 25
Q2 25
Q1 25
Q4 24
$53.6B
Q3 24
Q2 24
Stockholders' Equity
CBRE
CBRE
PCG
PCG
Q1 26
$8.9B
Q4 25
$8.9B
$32.5B
Q3 25
$8.5B
$32.0B
Q2 25
$8.3B
$31.2B
Q1 25
$8.3B
$30.7B
Q4 24
$8.4B
$30.1B
Q3 24
$8.7B
$26.8B
Q2 24
$8.4B
$26.3B
Total Assets
CBRE
CBRE
PCG
PCG
Q1 26
$30.2B
Q4 25
$30.9B
$141.6B
Q3 25
$28.6B
$138.2B
Q2 25
$27.7B
$136.4B
Q1 25
$26.4B
$135.4B
Q4 24
$24.4B
$133.7B
Q3 24
$24.8B
$132.3B
Q2 24
$23.5B
$130.8B
Debt / Equity
CBRE
CBRE
PCG
PCG
Q1 26
0.57×
Q4 25
1.76×
Q3 25
Q2 25
Q1 25
Q4 24
1.78×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CBRE
CBRE
PCG
PCG
Operating Cash FlowLast quarter
$-825.0M
Free Cash FlowOCF − Capex
$-605.0M
FCF MarginFCF / Revenue
-5.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
-2.59×
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBRE
CBRE
PCG
PCG
Q1 26
$-825.0M
Q4 25
$1.2B
$2.0B
Q3 25
$827.0M
$2.9B
Q2 25
$57.0M
$1.1B
Q1 25
$-546.0M
$2.8B
Q4 24
$1.3B
$1.9B
Q3 24
$573.0M
$3.1B
Q2 24
$287.0M
$711.0M
Free Cash Flow
CBRE
CBRE
PCG
PCG
Q1 26
$-605.0M
Q4 25
$1.1B
$-1.2B
Q3 25
$743.0M
$-80.0M
Q2 25
$-17.0M
$-2.0B
Q1 25
$-610.0M
$213.0M
Q4 24
$1.2B
$-896.0M
Q3 24
$494.0M
$526.0M
Q2 24
$220.0M
$-1.6B
FCF Margin
CBRE
CBRE
PCG
PCG
Q1 26
-5.7%
Q4 25
9.4%
-17.6%
Q3 25
7.4%
-1.3%
Q2 25
-0.2%
-34.0%
Q1 25
-7.0%
3.6%
Q4 24
12.2%
-13.5%
Q3 24
5.6%
8.9%
Q2 24
2.7%
-26.5%
Capex Intensity
CBRE
CBRE
PCG
PCG
Q1 26
0.8%
Q4 25
1.3%
46.4%
Q3 25
0.8%
46.9%
Q2 25
0.8%
52.0%
Q1 25
0.7%
44.0%
Q4 24
0.9%
42.6%
Q3 24
0.9%
43.8%
Q2 24
0.8%
38.4%
Cash Conversion
CBRE
CBRE
PCG
PCG
Q1 26
-2.59×
Q4 25
2.94×
2.93×
Q3 25
2.28×
3.35×
Q2 25
0.27×
1.93×
Q1 25
-3.35×
4.49×
Q4 24
2.75×
2.87×
Q3 24
2.55×
5.41×
Q2 24
2.21×
1.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CBRE
CBRE

Segment breakdown not available.

PCG
PCG

Electric$5.0B72%
Other$1.9B28%

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