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Side-by-side financial comparison of GE Vernova (GEV) and PG&E Corporation (PCG). Click either name above to swap in a different company.
GE Vernova is the larger business by last-quarter revenue ($9.3B vs $6.9B, roughly 1.4× PG&E Corporation). GE Vernova runs the higher net margin — 50.9% vs 12.9%, a 38.0% gap on every dollar of revenue. On growth, GE Vernova posted the faster year-over-year revenue change (16.3% vs 15.0%). Over the past eight quarters, PG&E Corporation's revenue compounded faster (7.2% CAGR vs 6.7%).
GE Vernova, Inc. is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts. The company operates through three main segments: Power, which designs, manufactures, and services gas, nuclear, hydro, and steam technologies; Wind, which provides onshore and offshore wind turbines and blades; and Electrification, which offers grid solutions, power conversion, solar and storage solutions, and digital technologies for the transmission, distribution, and manag...
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.
GEV vs PCG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.3B | $6.9B |
| Net Profit | $4.8B | $885.0M |
| Gross Margin | — | — |
| Operating Margin | — | 21.4% |
| Net Margin | 50.9% | 12.9% |
| Revenue YoY | 16.3% | 15.0% |
| Net Profit YoY | 5.9% | 39.6% |
| EPS (diluted) | $17.44 | $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.
| Q1 26 | $9.3B | $6.9B | ||
| Q4 25 | $11.0B | $6.8B | ||
| Q3 25 | $10.0B | $6.3B | ||
| Q2 25 | $9.1B | $5.9B | ||
| Q1 25 | $8.0B | $6.0B | ||
| Q4 24 | $10.6B | $6.6B | ||
| Q3 24 | $8.9B | $5.9B | ||
| Q2 24 | $8.2B | $6.0B |
| Q1 26 | $4.8B | $885.0M | ||
| Q4 25 | $3.7B | $670.0M | ||
| Q3 25 | $452.0M | $850.0M | ||
| Q2 25 | $514.0M | $549.0M | ||
| Q1 25 | $254.0M | $634.0M | ||
| Q4 24 | $484.0M | $674.0M | ||
| Q3 24 | $-96.0M | $579.0M | ||
| Q2 24 | $1.3B | $524.0M |
| Q1 26 | — | — | ||
| Q4 25 | 21.2% | — | ||
| Q3 25 | 19.0% | — | ||
| Q2 25 | 20.3% | — | ||
| Q1 25 | 18.3% | — | ||
| Q4 24 | 20.1% | — | ||
| Q3 24 | 12.4% | — | ||
| Q2 24 | 20.7% | — |
| Q1 26 | — | 21.4% | ||
| Q4 25 | 5.5% | 18.0% | ||
| Q3 25 | 3.7% | 19.3% | ||
| Q2 25 | 4.1% | 18.6% | ||
| Q1 25 | 0.5% | 20.4% | ||
| Q4 24 | 5.6% | 15.4% | ||
| Q3 24 | -4.0% | 17.3% | ||
| Q2 24 | 6.4% | 18.9% |
| Q1 26 | 50.9% | 12.9% | ||
| Q4 25 | 33.4% | 9.8% | ||
| Q3 25 | 4.5% | 13.6% | ||
| Q2 25 | 5.6% | 9.3% | ||
| Q1 25 | 3.2% | 10.6% | ||
| Q4 24 | 4.6% | 10.2% | ||
| Q3 24 | -1.1% | 9.7% | ||
| Q2 24 | 15.8% | 8.8% |
| Q1 26 | $17.44 | $0.39 | ||
| Q4 25 | $13.28 | $0.29 | ||
| Q3 25 | $1.64 | $0.37 | ||
| Q2 25 | $1.86 | $0.24 | ||
| Q1 25 | $0.91 | $0.28 | ||
| Q4 24 | $1.75 | $0.30 | ||
| Q3 24 | $-0.35 | $0.27 | ||
| Q2 24 | $4.65 | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | $4.8B | — |
| FCF MarginFCF / Revenue | 51.3% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $2.0B | ||
| Q3 25 | $980.0M | $2.9B | ||
| Q2 25 | $367.0M | $1.1B | ||
| Q1 25 | $1.2B | $2.8B | ||
| Q4 24 | $921.0M | $1.9B | ||
| Q3 24 | $1.1B | $3.1B | ||
| Q2 24 | $979.0M | $711.0M |
| Q1 26 | $4.8B | — | ||
| Q4 25 | $1.8B | $-1.2B | ||
| Q3 25 | $733.0M | $-80.0M | ||
| Q2 25 | $194.0M | $-2.0B | ||
| Q1 25 | $975.0M | $213.0M | ||
| Q4 24 | $571.0M | $-896.0M | ||
| Q3 24 | $968.0M | $526.0M | ||
| Q2 24 | $822.0M | $-1.6B |
| Q1 26 | 51.3% | — | ||
| Q4 25 | 16.5% | -17.6% | ||
| Q3 25 | 7.4% | -1.3% | ||
| Q2 25 | 2.1% | -34.0% | ||
| Q1 25 | 12.1% | 3.6% | ||
| Q4 24 | 5.4% | -13.5% | ||
| Q3 24 | 10.9% | 8.9% | ||
| Q2 24 | 10.0% | -26.5% |
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 46.4% | ||
| Q3 25 | 2.5% | 46.9% | ||
| Q2 25 | 1.9% | 52.0% | ||
| Q1 25 | 2.3% | 44.0% | ||
| Q4 24 | 3.3% | 42.6% | ||
| Q3 24 | 1.8% | 43.8% | ||
| Q2 24 | 1.9% | 38.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 2.93× | ||
| Q3 25 | 2.17× | 3.35× | ||
| Q2 25 | 0.71× | 1.93× | ||
| Q1 25 | 4.57× | 4.49× | ||
| Q4 24 | 1.90× | 2.87× | ||
| Q3 24 | — | 5.41× | ||
| Q2 24 | 0.76× | 1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GEV
Segment breakdown not available.
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
