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Side-by-side financial comparison of LEAR CORP (LEA) 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 1.1× LEAR CORP). PG&E Corporation runs the higher net margin — 12.9% vs 1.4%, a 11.5% gap on every dollar of revenue. On growth, PG&E Corporation posted the faster year-over-year revenue change (15.0% vs 4.8%). Over the past eight quarters, PG&E Corporation's revenue compounded faster (7.2% CAGR vs -0.1%).
Lear Corporation is an American company that manufactures automotive seating and electrical systems. In 2019, it ranked #147 and in 2018, it ranked #148 on the Fortune 500 list.
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.
LEA vs PCG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $6.9B |
| Net Profit | $82.7M | $885.0M |
| Gross Margin | 5.7% | — |
| Operating Margin | 2.6% | 21.4% |
| Net Margin | 1.4% | 12.9% |
| Revenue YoY | 4.8% | 15.0% |
| Net Profit YoY | -6.1% | 39.6% |
| EPS (diluted) | $1.58 | $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 | — | $6.9B | ||
| Q4 25 | $6.0B | $6.8B | ||
| Q3 25 | $5.7B | $6.3B | ||
| Q2 25 | $6.0B | $5.9B | ||
| Q1 25 | $5.6B | $6.0B | ||
| Q4 24 | $5.7B | $6.6B | ||
| Q3 24 | $5.6B | $5.9B | ||
| Q2 24 | $6.0B | $6.0B |
| Q1 26 | — | $885.0M | ||
| Q4 25 | $82.7M | $670.0M | ||
| Q3 25 | $108.2M | $850.0M | ||
| Q2 25 | $165.2M | $549.0M | ||
| Q1 25 | $80.7M | $634.0M | ||
| Q4 24 | $88.1M | $674.0M | ||
| Q3 24 | $135.8M | $579.0M | ||
| Q2 24 | $173.1M | $524.0M |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | 7.3% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 7.5% | — |
| Q1 26 | — | 21.4% | ||
| Q4 25 | 2.6% | 18.0% | ||
| Q3 25 | 3.4% | 19.3% | ||
| Q2 25 | 4.1% | 18.6% | ||
| Q1 25 | 3.3% | 20.4% | ||
| Q4 24 | 3.7% | 15.4% | ||
| Q3 24 | 3.9% | 17.3% | ||
| Q2 24 | 4.3% | 18.9% |
| Q1 26 | — | 12.9% | ||
| Q4 25 | 1.4% | 9.8% | ||
| Q3 25 | 1.9% | 13.6% | ||
| Q2 25 | 2.7% | 9.3% | ||
| Q1 25 | 1.5% | 10.6% | ||
| Q4 24 | 1.5% | 10.2% | ||
| Q3 24 | 2.4% | 9.7% | ||
| Q2 24 | 2.9% | 8.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $1.58 | $0.29 | ||
| Q3 25 | $2.02 | $0.37 | ||
| Q2 25 | $3.06 | $0.24 | ||
| Q1 25 | $1.49 | $0.28 | ||
| Q4 24 | $1.64 | $0.30 | ||
| Q3 24 | $2.41 | $0.27 | ||
| Q2 24 | $3.02 | $0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | — |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $5.0B | — |
| Total Assets | $14.8B | — |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $713.0M | ||
| Q3 25 | $1.0B | $404.0M | ||
| Q2 25 | $887.9M | $494.0M | ||
| Q1 25 | $779.9M | $2.0B | ||
| Q4 24 | $1.1B | $940.0M | ||
| Q3 24 | $763.9M | $895.0M | ||
| Q2 24 | $950.3M | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $57.4B | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | $53.6B | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | $5.0B | $32.5B | ||
| Q3 25 | $5.1B | $32.0B | ||
| Q2 25 | $5.1B | $31.2B | ||
| Q1 25 | $4.7B | $30.7B | ||
| Q4 24 | $4.5B | $30.1B | ||
| Q3 24 | $4.8B | $26.8B | ||
| Q2 24 | $4.8B | $26.3B |
| Q1 26 | — | — | ||
| Q4 25 | $14.8B | $141.6B | ||
| Q3 25 | $15.2B | $138.2B | ||
| Q2 25 | $15.3B | $136.4B | ||
| Q1 25 | $14.6B | $135.4B | ||
| Q4 24 | $14.0B | $133.7B | ||
| Q3 24 | $14.8B | $132.3B | ||
| Q2 24 | $14.7B | $130.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.54× | 1.76× | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.61× | 1.78× | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.57× | — |
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 | $475.9M | — |
| Free Cash FlowOCF − Capex | $281.1M | — |
| FCF MarginFCF / Revenue | 4.7% | — |
| Capex IntensityCapex / Revenue | 3.3% | — |
| Cash ConversionOCF / Net Profit | 5.75× | — |
| TTM Free Cash FlowTrailing 4 quarters | $527.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $475.9M | $2.0B | ||
| Q3 25 | $444.4M | $2.9B | ||
| Q2 25 | $296.2M | $1.1B | ||
| Q1 25 | $-127.7M | $2.8B | ||
| Q4 24 | $680.8M | $1.9B | ||
| Q3 24 | $182.7M | $3.1B | ||
| Q2 24 | $291.2M | $711.0M |
| Q1 26 | — | — | ||
| Q4 25 | $281.1M | $-1.2B | ||
| Q3 25 | $307.0M | $-80.0M | ||
| Q2 25 | $170.8M | $-2.0B | ||
| Q1 25 | $-231.7M | $213.0M | ||
| Q4 24 | $488.7M | $-896.0M | ||
| Q3 24 | $50.5M | $526.0M | ||
| Q2 24 | $170.4M | $-1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | -17.6% | ||
| Q3 25 | 5.4% | -1.3% | ||
| Q2 25 | 2.8% | -34.0% | ||
| Q1 25 | -4.2% | 3.6% | ||
| Q4 24 | 8.6% | -13.5% | ||
| Q3 24 | 0.9% | 8.9% | ||
| Q2 24 | 2.8% | -26.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 46.4% | ||
| Q3 25 | 2.4% | 46.9% | ||
| Q2 25 | 2.1% | 52.0% | ||
| Q1 25 | 1.9% | 44.0% | ||
| Q4 24 | 3.4% | 42.6% | ||
| Q3 24 | 2.4% | 43.8% | ||
| Q2 24 | 2.0% | 38.4% |
| Q1 26 | — | — | ||
| Q4 25 | 5.75× | 2.93× | ||
| Q3 25 | 4.11× | 3.35× | ||
| Q2 25 | 1.79× | 1.93× | ||
| Q1 25 | -1.58× | 4.49× | ||
| Q4 24 | 7.73× | 2.87× | ||
| Q3 24 | 1.35× | 5.41× | ||
| Q2 24 | 1.68× | 1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LEA
| Other | $3.5B | 59% |
| Seating Segment | $1.9B | 32% |
| E Systems Segment | $520.6M | 9% |
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
