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

PG&E Corporation is the larger business by last-quarter revenue ($6.9B vs $6.0B, roughly 1.2× Danaher Corporation). Danaher Corporation runs the higher net margin — 17.3% vs 12.9%, a 4.4% gap on every dollar of revenue. On growth, PG&E Corporation posted the faster year-over-year revenue change (15.0% vs 3.7%). Over the past eight quarters, PG&E Corporation's revenue compounded faster (7.2% CAGR vs 1.8%).

Danaher Corporation is an American healthcare company headquartered in Washington, D.C.. It develops products used for advances in biotechnology, life sciences, and diagnostics. The company operates three divisions: biotechnology, which develops products for the development of therapeutics; life sciences, which develops products to identify causes of disease, new therapies, and to test and manufacture new drugs, vaccines and gene editing technologies; and diagnostics, which develops instruments,...

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.

DHR vs PCG — Head-to-Head

Bigger by revenue
PCG
PCG
1.2× larger
PCG
$6.9B
$6.0B
DHR
Growing faster (revenue YoY)
PCG
PCG
+11.4% gap
PCG
15.0%
3.7%
DHR
Higher net margin
DHR
DHR
4.4% more per $
DHR
17.3%
12.9%
PCG
Faster 2-yr revenue CAGR
PCG
PCG
Annualised
PCG
7.2%
1.8%
DHR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
DHR
DHR
PCG
PCG
Revenue
$6.0B
$6.9B
Net Profit
$1.0B
$885.0M
Gross Margin
60.3%
Operating Margin
22.6%
21.4%
Net Margin
17.3%
12.9%
Revenue YoY
3.7%
15.0%
Net Profit YoY
7.9%
39.6%
EPS (diluted)
$1.45
$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
DHR
DHR
PCG
PCG
Q1 26
$6.0B
$6.9B
Q4 25
$6.8B
$6.8B
Q3 25
$6.1B
$6.3B
Q2 25
$5.9B
$5.9B
Q1 25
$5.7B
$6.0B
Q4 24
$6.5B
$6.6B
Q3 24
$5.8B
$5.9B
Q2 24
$5.7B
$6.0B
Net Profit
DHR
DHR
PCG
PCG
Q1 26
$1.0B
$885.0M
Q4 25
$1.2B
$670.0M
Q3 25
$908.0M
$850.0M
Q2 25
$555.0M
$549.0M
Q1 25
$954.0M
$634.0M
Q4 24
$1.1B
$674.0M
Q3 24
$818.0M
$579.0M
Q2 24
$907.0M
$524.0M
Gross Margin
DHR
DHR
PCG
PCG
Q1 26
60.3%
Q4 25
58.0%
Q3 25
58.2%
Q2 25
59.3%
Q1 25
61.2%
Q4 24
59.5%
Q3 24
58.7%
Q2 24
59.7%
Operating Margin
DHR
DHR
PCG
PCG
Q1 26
22.6%
21.4%
Q4 25
22.0%
18.0%
Q3 25
19.1%
19.3%
Q2 25
12.8%
18.6%
Q1 25
22.2%
20.4%
Q4 24
21.8%
15.4%
Q3 24
16.5%
17.3%
Q2 24
20.3%
18.9%
Net Margin
DHR
DHR
PCG
PCG
Q1 26
17.3%
12.9%
Q4 25
17.5%
9.8%
Q3 25
15.0%
13.6%
Q2 25
9.3%
9.3%
Q1 25
16.6%
10.6%
Q4 24
16.6%
10.2%
Q3 24
14.1%
9.7%
Q2 24
15.8%
8.8%
EPS (diluted)
DHR
DHR
PCG
PCG
Q1 26
$1.45
$0.39
Q4 25
$1.69
$0.29
Q3 25
$1.27
$0.37
Q2 25
$0.77
$0.24
Q1 25
$1.32
$0.28
Q4 24
$1.50
$0.30
Q3 24
$1.12
$0.27
Q2 24
$1.22
$0.24

Cash Flow & Capital Efficiency

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

Metric
DHR
DHR
PCG
PCG
Operating Cash FlowLast quarter
$1.3B
Free Cash FlowOCF − Capex
$1.1B
FCF MarginFCF / Revenue
18.2%
Capex IntensityCapex / Revenue
4.0%
Cash ConversionOCF / Net Profit
1.28×
TTM Free Cash FlowTrailing 4 quarters
$5.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHR
DHR
PCG
PCG
Q1 26
$1.3B
Q4 25
$2.1B
$2.0B
Q3 25
$1.7B
$2.9B
Q2 25
$1.3B
$1.1B
Q1 25
$1.3B
$2.8B
Q4 24
$2.0B
$1.9B
Q3 24
$1.5B
$3.1B
Q2 24
$1.4B
$711.0M
Free Cash Flow
DHR
DHR
PCG
PCG
Q1 26
$1.1B
Q4 25
$1.7B
$-1.2B
Q3 25
$1.4B
$-80.0M
Q2 25
$1.1B
$-2.0B
Q1 25
$1.1B
$213.0M
Q4 24
$1.5B
$-896.0M
Q3 24
$1.2B
$526.0M
Q2 24
$1.1B
$-1.6B
FCF Margin
DHR
DHR
PCG
PCG
Q1 26
18.2%
Q4 25
25.5%
-17.6%
Q3 25
22.6%
-1.3%
Q2 25
18.4%
-34.0%
Q1 25
18.4%
3.6%
Q4 24
23.0%
-13.5%
Q3 24
21.0%
8.9%
Q2 24
19.7%
-26.5%
Capex Intensity
DHR
DHR
PCG
PCG
Q1 26
4.0%
Q4 25
5.4%
46.4%
Q3 25
4.8%
46.9%
Q2 25
4.2%
52.0%
Q1 25
4.3%
44.0%
Q4 24
7.9%
42.6%
Q3 24
5.1%
43.8%
Q2 24
5.0%
38.4%
Cash Conversion
DHR
DHR
PCG
PCG
Q1 26
1.28×
Q4 25
1.77×
2.93×
Q3 25
1.83×
3.35×
Q2 25
2.41×
1.93×
Q1 25
1.36×
4.49×
Q4 24
1.86×
2.87×
Q3 24
1.85×
5.41×
Q2 24
1.56×
1.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHR
DHR

Segment breakdown not available.

PCG
PCG

Electric$5.0B72%
Other$1.9B28%

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