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Side-by-side financial comparison of Mastercard (MA) and PG&E Corporation (PCG). Click either name above to swap in a different company.
Mastercard is the larger business by last-quarter revenue ($8.8B vs $6.9B, roughly 1.3× PG&E Corporation). Mastercard runs the higher net margin — 46.1% vs 12.9%, a 33.2% gap on every dollar of revenue. On growth, Mastercard posted the faster year-over-year revenue change (17.6% vs 15.0%). Over the past eight quarters, Mastercard's revenue compounded faster (17.8% CAGR vs 7.2%).
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
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.
MA vs PCG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.8B | $6.9B |
| Net Profit | $4.1B | $885.0M |
| Gross Margin | — | — |
| Operating Margin | 55.8% | 21.4% |
| Net Margin | 46.1% | 12.9% |
| Revenue YoY | 17.6% | 15.0% |
| Net Profit YoY | 21.5% | 39.6% |
| EPS (diluted) | $4.52 | $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 | $8.8B | $6.8B | ||
| Q3 25 | $8.6B | $6.3B | ||
| Q2 25 | $8.1B | $5.9B | ||
| Q1 25 | $7.3B | $6.0B | ||
| Q4 24 | $7.5B | $6.6B | ||
| Q3 24 | $7.4B | $5.9B | ||
| Q2 24 | $7.0B | $6.0B |
| Q1 26 | — | $885.0M | ||
| Q4 25 | $4.1B | $670.0M | ||
| Q3 25 | $3.9B | $850.0M | ||
| Q2 25 | $3.7B | $549.0M | ||
| Q1 25 | $3.3B | $634.0M | ||
| Q4 24 | $3.3B | $674.0M | ||
| Q3 24 | $3.3B | $579.0M | ||
| Q2 24 | $3.3B | $524.0M |
| Q1 26 | — | 21.4% | ||
| Q4 25 | 55.8% | 18.0% | ||
| Q3 25 | 58.8% | 19.3% | ||
| Q2 25 | 58.7% | 18.6% | ||
| Q1 25 | 57.2% | 20.4% | ||
| Q4 24 | 52.6% | 15.4% | ||
| Q3 24 | 54.3% | 17.3% | ||
| Q2 24 | 58.0% | 18.9% |
| Q1 26 | — | 12.9% | ||
| Q4 25 | 46.1% | 9.8% | ||
| Q3 25 | 45.7% | 13.6% | ||
| Q2 25 | 45.5% | 9.3% | ||
| Q1 25 | 45.2% | 10.6% | ||
| Q4 24 | 44.6% | 10.2% | ||
| Q3 24 | 44.3% | 9.7% | ||
| Q2 24 | 46.8% | 8.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $4.52 | $0.29 | ||
| Q3 25 | $4.34 | $0.37 | ||
| Q2 25 | $4.07 | $0.24 | ||
| Q1 25 | $3.59 | $0.28 | ||
| Q4 24 | $3.64 | $0.30 | ||
| Q3 24 | $3.53 | $0.27 | ||
| Q2 24 | $3.50 | $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 | $10.6B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7B | — |
| Total Assets | $54.2B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $10.6B | $713.0M | ||
| Q3 25 | $10.3B | $404.0M | ||
| Q2 25 | $9.0B | $494.0M | ||
| Q1 25 | $7.6B | $2.0B | ||
| Q4 24 | $8.4B | $940.0M | ||
| Q3 24 | $11.1B | $895.0M | ||
| Q2 24 | $7.0B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | $57.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $53.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $7.7B | $32.5B | ||
| Q3 25 | $7.9B | $32.0B | ||
| Q2 25 | $7.9B | $31.2B | ||
| Q1 25 | $6.7B | $30.7B | ||
| Q4 24 | $6.5B | $30.1B | ||
| Q3 24 | $7.4B | $26.8B | ||
| Q2 24 | $7.4B | $26.3B |
| Q1 26 | — | — | ||
| Q4 25 | $54.2B | $141.6B | ||
| Q3 25 | $53.3B | $138.2B | ||
| Q2 25 | $51.4B | $136.4B | ||
| Q1 25 | $48.5B | $135.4B | ||
| Q4 24 | $48.1B | $133.7B | ||
| Q3 24 | $47.2B | $132.3B | ||
| Q2 24 | $42.3B | $130.8B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.0B | — |
| Free Cash FlowOCF − Capex | $4.9B | — |
| FCF MarginFCF / Revenue | 55.5% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 1.23× | — |
| TTM Free Cash FlowTrailing 4 quarters | $17.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0B | $2.0B | ||
| Q3 25 | $5.7B | $2.9B | ||
| Q2 25 | $4.6B | $1.1B | ||
| Q1 25 | $2.4B | $2.8B | ||
| Q4 24 | $4.8B | $1.9B | ||
| Q3 24 | $5.1B | $3.1B | ||
| Q2 24 | $3.1B | $711.0M |
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $-1.2B | ||
| Q3 25 | $5.5B | $-80.0M | ||
| Q2 25 | $4.6B | $-2.0B | ||
| Q1 25 | $2.2B | $213.0M | ||
| Q4 24 | $4.7B | $-896.0M | ||
| Q3 24 | $5.0B | $526.0M | ||
| Q2 24 | $3.0B | $-1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 55.5% | -17.6% | ||
| Q3 25 | 63.8% | -1.3% | ||
| Q2 25 | 56.1% | -34.0% | ||
| Q1 25 | 30.6% | 3.6% | ||
| Q4 24 | 63.3% | -13.5% | ||
| Q3 24 | 68.2% | 8.9% | ||
| Q2 24 | 43.4% | -26.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 46.4% | ||
| Q3 25 | 2.1% | 46.9% | ||
| Q2 25 | 0.5% | 52.0% | ||
| Q1 25 | 2.2% | 44.0% | ||
| Q4 24 | 1.3% | 42.6% | ||
| Q3 24 | 1.5% | 43.8% | ||
| Q2 24 | 1.7% | 38.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 2.93× | ||
| Q3 25 | 1.44× | 3.35× | ||
| Q2 25 | 1.24× | 1.93× | ||
| Q1 25 | 0.73× | 4.49× | ||
| Q4 24 | 1.45× | 2.87× | ||
| Q3 24 | 1.57× | 5.41× | ||
| Q2 24 | 0.96× | 1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
