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Side-by-side financial comparison of EMCOR Group, Inc. (EME) 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 $4.6B, roughly 1.5× EMCOR Group, Inc.). PG&E Corporation runs the higher net margin — 12.9% vs 6.6%, a 6.3% gap on every dollar of revenue. On growth, EMCOR Group, Inc. posted the faster year-over-year revenue change (19.7% vs 15.0%). Over the past eight quarters, EMCOR Group, Inc.'s revenue compounded faster (12.3% CAGR vs 7.2%).

EMCOR Group, Inc., is an engineering, construction, and property management company headquartered in Norwalk, Connecticut.

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.

EME vs PCG — Head-to-Head

Bigger by revenue
PCG
PCG
1.5× larger
PCG
$6.9B
$4.6B
EME
Growing faster (revenue YoY)
EME
EME
+4.7% gap
EME
19.7%
15.0%
PCG
Higher net margin
PCG
PCG
6.3% more per $
PCG
12.9%
6.6%
EME
Faster 2-yr revenue CAGR
EME
EME
Annualised
EME
12.3%
7.2%
PCG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EME
EME
PCG
PCG
Revenue
$4.6B
$6.9B
Net Profit
$305.5M
$885.0M
Gross Margin
18.7%
Operating Margin
8.7%
21.4%
Net Margin
6.6%
12.9%
Revenue YoY
19.7%
15.0%
Net Profit YoY
26.9%
39.6%
EPS (diluted)
$6.84
$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
EME
EME
PCG
PCG
Q1 26
$4.6B
$6.9B
Q4 25
$4.5B
$6.8B
Q3 25
$4.3B
$6.3B
Q2 25
$4.3B
$5.9B
Q1 25
$3.9B
$6.0B
Q4 24
$3.8B
$6.6B
Q3 24
$3.7B
$5.9B
Q2 24
$3.7B
$6.0B
Net Profit
EME
EME
PCG
PCG
Q1 26
$305.5M
$885.0M
Q4 25
$434.6M
$670.0M
Q3 25
$295.4M
$850.0M
Q2 25
$302.2M
$549.0M
Q1 25
$240.7M
$634.0M
Q4 24
$292.2M
$674.0M
Q3 24
$270.3M
$579.0M
Q2 24
$247.6M
$524.0M
Gross Margin
EME
EME
PCG
PCG
Q1 26
18.7%
Q4 25
19.7%
Q3 25
19.4%
Q2 25
19.4%
Q1 25
18.7%
Q4 24
20.1%
Q3 24
19.9%
Q2 24
18.7%
Operating Margin
EME
EME
PCG
PCG
Q1 26
8.7%
21.4%
Q4 25
12.7%
18.0%
Q3 25
9.4%
19.3%
Q2 25
9.6%
18.6%
Q1 25
8.2%
20.4%
Q4 24
10.3%
15.4%
Q3 24
9.8%
17.3%
Q2 24
9.1%
18.9%
Net Margin
EME
EME
PCG
PCG
Q1 26
6.6%
12.9%
Q4 25
9.6%
9.8%
Q3 25
6.9%
13.6%
Q2 25
7.0%
9.3%
Q1 25
6.2%
10.6%
Q4 24
7.7%
10.2%
Q3 24
7.3%
9.7%
Q2 24
6.8%
8.8%
EPS (diluted)
EME
EME
PCG
PCG
Q1 26
$6.84
$0.39
Q4 25
$9.64
$0.29
Q3 25
$6.57
$0.37
Q2 25
$6.72
$0.24
Q1 25
$5.26
$0.28
Q4 24
$6.30
$0.30
Q3 24
$5.80
$0.27
Q2 24
$5.25
$0.24

Balance Sheet & Financial Strength

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

Metric
EME
EME
PCG
PCG
Cash + ST InvestmentsLiquidity on hand
$916.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.9B
Total Assets
$9.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EME
EME
PCG
PCG
Q1 26
$916.4M
Q4 25
$1.1B
$713.0M
Q3 25
$655.1M
$404.0M
Q2 25
$486.0M
$494.0M
Q1 25
$576.7M
$2.0B
Q4 24
$1.3B
$940.0M
Q3 24
$1.0B
$895.0M
Q2 24
$807.3M
$1.3B
Total Debt
EME
EME
PCG
PCG
Q1 26
Q4 25
$57.4B
Q3 25
Q2 25
Q1 25
Q4 24
$53.6B
Q3 24
Q2 24
Stockholders' Equity
EME
EME
PCG
PCG
Q1 26
$3.9B
Q4 25
$3.7B
$32.5B
Q3 25
$3.3B
$32.0B
Q2 25
$3.1B
$31.2B
Q1 25
$2.9B
$30.7B
Q4 24
$2.9B
$30.1B
Q3 24
$2.8B
$26.8B
Q2 24
$2.7B
$26.3B
Total Assets
EME
EME
PCG
PCG
Q1 26
$9.5B
Q4 25
$9.3B
$141.6B
Q3 25
$8.6B
$138.2B
Q2 25
$8.4B
$136.4B
Q1 25
$8.1B
$135.4B
Q4 24
$7.7B
$133.7B
Q3 24
$7.3B
$132.3B
Q2 24
$7.1B
$130.8B
Debt / Equity
EME
EME
PCG
PCG
Q1 26
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
EME
EME
PCG
PCG
Operating Cash FlowLast quarter
$558.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.00×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EME
EME
PCG
PCG
Q1 26
$558.0K
Q4 25
$524.4M
$2.0B
Q3 25
$475.5M
$2.9B
Q2 25
$193.7M
$1.1B
Q1 25
$108.5M
$2.8B
Q4 24
$469.5M
$1.9B
Q3 24
$526.4M
$3.1B
Q2 24
$279.7M
$711.0M
Free Cash Flow
EME
EME
PCG
PCG
Q1 26
Q4 25
$492.5M
$-1.2B
Q3 25
$448.8M
$-80.0M
Q2 25
$165.6M
$-2.0B
Q1 25
$82.3M
$213.0M
Q4 24
$451.8M
$-896.0M
Q3 24
$508.7M
$526.0M
Q2 24
$260.4M
$-1.6B
FCF Margin
EME
EME
PCG
PCG
Q1 26
Q4 25
10.9%
-17.6%
Q3 25
10.4%
-1.3%
Q2 25
3.8%
-34.0%
Q1 25
2.1%
3.6%
Q4 24
12.0%
-13.5%
Q3 24
13.8%
8.9%
Q2 24
7.1%
-26.5%
Capex Intensity
EME
EME
PCG
PCG
Q1 26
Q4 25
0.7%
46.4%
Q3 25
0.6%
46.9%
Q2 25
0.7%
52.0%
Q1 25
0.7%
44.0%
Q4 24
0.5%
42.6%
Q3 24
0.5%
43.8%
Q2 24
0.5%
38.4%
Cash Conversion
EME
EME
PCG
PCG
Q1 26
0.00×
Q4 25
1.21×
2.93×
Q3 25
1.61×
3.35×
Q2 25
0.64×
1.93×
Q1 25
0.45×
4.49×
Q4 24
1.61×
2.87×
Q3 24
1.95×
5.41×
Q2 24
1.13×
1.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EME
EME

Segment breakdown not available.

PCG
PCG

Electric$5.0B72%
Other$1.9B28%

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