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Side-by-side financial comparison of GAP INC (GAP) 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 $3.9B, roughly 1.7× GAP INC). PG&E Corporation runs the higher net margin — 12.9% vs 6.0%, a 6.9% gap on every dollar of revenue. On growth, PG&E Corporation posted the faster year-over-year revenue change (15.0% vs 3.0%). Over the past eight quarters, PG&E Corporation's revenue compounded faster (7.2% CAGR vs -4.2%).

The Gap, Inc., commonly known as Gap Inc., is an American multinational clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: the namesake Gap, Banana Republic, Old Navy, and Athleta. Gap Inc. is one of the largest apparel retailers in the United States, and is third in total international locations, behind Inditex Group and H&M. As of early 2023, Gap emplo...

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.

GAP vs PCG — Head-to-Head

Bigger by revenue
PCG
PCG
1.7× larger
PCG
$6.9B
$3.9B
GAP
Growing faster (revenue YoY)
PCG
PCG
+12.1% gap
PCG
15.0%
3.0%
GAP
Higher net margin
PCG
PCG
6.9% more per $
PCG
12.9%
6.0%
GAP
Faster 2-yr revenue CAGR
PCG
PCG
Annualised
PCG
7.2%
-4.2%
GAP

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
GAP
GAP
PCG
PCG
Revenue
$3.9B
$6.9B
Net Profit
$236.0M
$885.0M
Gross Margin
42.4%
Operating Margin
8.5%
21.4%
Net Margin
6.0%
12.9%
Revenue YoY
3.0%
15.0%
Net Profit YoY
-13.9%
39.6%
EPS (diluted)
$0.62
$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
GAP
GAP
PCG
PCG
Q1 26
$6.9B
Q4 25
$3.9B
$6.8B
Q3 25
$3.7B
$6.3B
Q2 25
$3.5B
$5.9B
Q1 25
$4.1B
$6.0B
Q4 24
$3.8B
$6.6B
Q3 24
$3.7B
$5.9B
Q2 24
$3.4B
$6.0B
Net Profit
GAP
GAP
PCG
PCG
Q1 26
$885.0M
Q4 25
$236.0M
$670.0M
Q3 25
$216.0M
$850.0M
Q2 25
$193.0M
$549.0M
Q1 25
$206.0M
$634.0M
Q4 24
$274.0M
$674.0M
Q3 24
$206.0M
$579.0M
Q2 24
$158.0M
$524.0M
Gross Margin
GAP
GAP
PCG
PCG
Q1 26
Q4 25
42.4%
Q3 25
41.2%
Q2 25
41.8%
Q1 25
38.9%
Q4 24
42.7%
Q3 24
42.6%
Q2 24
41.2%
Operating Margin
GAP
GAP
PCG
PCG
Q1 26
21.4%
Q4 25
8.5%
18.0%
Q3 25
7.8%
19.3%
Q2 25
7.5%
18.6%
Q1 25
6.2%
20.4%
Q4 24
9.3%
15.4%
Q3 24
7.9%
17.3%
Q2 24
6.1%
18.9%
Net Margin
GAP
GAP
PCG
PCG
Q1 26
12.9%
Q4 25
6.0%
9.8%
Q3 25
5.8%
13.6%
Q2 25
5.6%
9.3%
Q1 25
5.0%
10.6%
Q4 24
7.2%
10.2%
Q3 24
5.5%
9.7%
Q2 24
4.7%
8.8%
EPS (diluted)
GAP
GAP
PCG
PCG
Q1 26
$0.39
Q4 25
$0.62
$0.29
Q3 25
$0.57
$0.37
Q2 25
$0.51
$0.24
Q1 25
$0.53
$0.28
Q4 24
$0.72
$0.30
Q3 24
$0.54
$0.27
Q2 24
$0.41
$0.24

Balance Sheet & Financial Strength

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

Metric
GAP
GAP
PCG
PCG
Cash + ST InvestmentsLiquidity on hand
$2.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
Total Assets
$12.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GAP
GAP
PCG
PCG
Q1 26
Q4 25
$2.5B
$713.0M
Q3 25
$2.4B
$404.0M
Q2 25
$2.2B
$494.0M
Q1 25
$2.6B
$2.0B
Q4 24
$2.2B
$940.0M
Q3 24
$2.1B
$895.0M
Q2 24
$1.7B
$1.3B
Total Debt
GAP
GAP
PCG
PCG
Q1 26
Q4 25
$57.4B
Q3 25
Q2 25
Q1 25
Q4 24
$53.6B
Q3 24
Q2 24
Stockholders' Equity
GAP
GAP
PCG
PCG
Q1 26
Q4 25
$3.6B
$32.5B
Q3 25
$3.4B
$32.0B
Q2 25
$3.3B
$31.2B
Q1 25
$3.3B
$30.7B
Q4 24
$3.1B
$30.1B
Q3 24
$2.9B
$26.8B
Q2 24
$2.7B
$26.3B
Total Assets
GAP
GAP
PCG
PCG
Q1 26
Q4 25
$12.4B
$141.6B
Q3 25
$12.1B
$138.2B
Q2 25
$11.6B
$136.4B
Q1 25
$11.9B
$135.4B
Q4 24
$11.9B
$133.7B
Q3 24
$11.5B
$132.3B
Q2 24
$10.9B
$130.8B
Debt / Equity
GAP
GAP
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
GAP
GAP
PCG
PCG
Operating Cash FlowLast quarter
$299.0M
Free Cash FlowOCF − Capex
$153.0M
FCF MarginFCF / Revenue
3.9%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
1.27×
TTM Free Cash FlowTrailing 4 quarters
$779.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GAP
GAP
PCG
PCG
Q1 26
Q4 25
$299.0M
$2.0B
Q3 25
$448.0M
$2.9B
Q2 25
$-140.0M
$1.1B
Q1 25
$616.0M
$2.8B
Q4 24
$291.0M
$1.9B
Q3 24
$549.0M
$3.1B
Q2 24
$30.0M
$711.0M
Free Cash Flow
GAP
GAP
PCG
PCG
Q1 26
Q4 25
$153.0M
$-1.2B
Q3 25
$350.0M
$-80.0M
Q2 25
$-223.0M
$-2.0B
Q1 25
$499.0M
$213.0M
Q4 24
$143.0M
$-896.0M
Q3 24
$460.0M
$526.0M
Q2 24
$-63.0M
$-1.6B
FCF Margin
GAP
GAP
PCG
PCG
Q1 26
Q4 25
3.9%
-17.6%
Q3 25
9.4%
-1.3%
Q2 25
-6.4%
-34.0%
Q1 25
12.0%
3.6%
Q4 24
3.7%
-13.5%
Q3 24
12.4%
8.9%
Q2 24
-1.9%
-26.5%
Capex Intensity
GAP
GAP
PCG
PCG
Q1 26
Q4 25
3.7%
46.4%
Q3 25
2.6%
46.9%
Q2 25
2.4%
52.0%
Q1 25
2.8%
44.0%
Q4 24
3.9%
42.6%
Q3 24
2.4%
43.8%
Q2 24
2.7%
38.4%
Cash Conversion
GAP
GAP
PCG
PCG
Q1 26
Q4 25
1.27×
2.93×
Q3 25
2.07×
3.35×
Q2 25
-0.73×
1.93×
Q1 25
2.99×
4.49×
Q4 24
1.06×
2.87×
Q3 24
2.67×
5.41×
Q2 24
0.19×
1.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GAP
GAP

Other$2.2B55%
Online Sales$1.6B40%
CA$191.0M5%
Other Regions$13.0M0%

PCG
PCG

Electric$5.0B72%
Other$1.9B28%

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