vs
Side-by-side financial comparison of Netflix (NFLX) and PG&E Corporation (PCG). Click either name above to swap in a different company.
Netflix is the larger business by last-quarter revenue ($12.2B vs $6.9B, roughly 1.8× PG&E Corporation). Netflix runs the higher net margin — 43.1% vs 12.9%, a 30.3% gap on every dollar of revenue. On growth, Netflix posted the faster year-over-year revenue change (16.2% vs 15.0%). Over the past eight quarters, Netflix's revenue compounded faster (13.2% CAGR vs 7.2%).
Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres. It is available internationally in multiple languages.
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.
NFLX vs PCG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $12.2B | $6.9B |
| Net Profit | $5.3B | $885.0M |
| Gross Margin | 51.9% | — |
| Operating Margin | 32.3% | 21.4% |
| Net Margin | 43.1% | 12.9% |
| Revenue YoY | 16.2% | 15.0% |
| Net Profit YoY | 82.8% | 39.6% |
| EPS (diluted) | $1.23 | $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 | $12.2B | $6.9B | ||
| Q4 25 | $12.1B | $6.8B | ||
| Q3 25 | $11.5B | $6.3B | ||
| Q2 25 | $11.1B | $5.9B | ||
| Q1 25 | $10.5B | $6.0B | ||
| Q4 24 | $10.2B | $6.6B | ||
| Q3 24 | $9.8B | $5.9B | ||
| Q2 24 | $9.6B | $6.0B |
| Q1 26 | $5.3B | $885.0M | ||
| Q4 25 | $2.4B | $670.0M | ||
| Q3 25 | $2.5B | $850.0M | ||
| Q2 25 | $3.1B | $549.0M | ||
| Q1 25 | $2.9B | $634.0M | ||
| Q4 24 | $1.9B | $674.0M | ||
| Q3 24 | $2.4B | $579.0M | ||
| Q2 24 | $2.1B | $524.0M |
| Q1 26 | 51.9% | — | ||
| Q4 25 | 45.9% | — | ||
| Q3 25 | 46.4% | — | ||
| Q2 25 | 51.9% | — | ||
| Q1 25 | 50.1% | — | ||
| Q4 24 | 43.7% | — | ||
| Q3 24 | 47.9% | — | ||
| Q2 24 | 45.9% | — |
| Q1 26 | 32.3% | 21.4% | ||
| Q4 25 | 24.5% | 18.0% | ||
| Q3 25 | 28.2% | 19.3% | ||
| Q2 25 | 34.1% | 18.6% | ||
| Q1 25 | 31.7% | 20.4% | ||
| Q4 24 | 22.2% | 15.4% | ||
| Q3 24 | 29.6% | 17.3% | ||
| Q2 24 | 27.2% | 18.9% |
| Q1 26 | 43.1% | 12.9% | ||
| Q4 25 | 20.1% | 9.8% | ||
| Q3 25 | 22.1% | 13.6% | ||
| Q2 25 | 28.2% | 9.3% | ||
| Q1 25 | 27.4% | 10.6% | ||
| Q4 24 | 18.2% | 10.2% | ||
| Q3 24 | 24.1% | 9.7% | ||
| Q2 24 | 22.5% | 8.8% |
| Q1 26 | $1.23 | $0.39 | ||
| Q4 25 | $-17.14 | $0.29 | ||
| Q3 25 | $5.87 | $0.37 | ||
| Q2 25 | $7.19 | $0.24 | ||
| Q1 25 | $0.66 | $0.28 | ||
| Q4 24 | $4.27 | $0.30 | ||
| Q3 24 | $5.40 | $0.27 | ||
| Q2 24 | $4.88 | $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 | $12.3B | — |
| Total DebtLower is stronger | $13.4B | — |
| Stockholders' EquityBook value | $31.1B | — |
| Total Assets | $61.0B | — |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $12.3B | — | ||
| Q4 25 | $9.1B | $713.0M | ||
| Q3 25 | $9.3B | $404.0M | ||
| Q2 25 | $8.4B | $494.0M | ||
| Q1 25 | $8.4B | $2.0B | ||
| Q4 24 | $9.6B | $940.0M | ||
| Q3 24 | $9.2B | $895.0M | ||
| Q2 24 | $6.7B | $1.3B |
| Q1 26 | $13.4B | — | ||
| Q4 25 | $13.5B | $57.4B | ||
| Q3 25 | $14.5B | — | ||
| Q2 25 | $14.5B | — | ||
| Q1 25 | $14.0B | — | ||
| Q4 24 | $13.8B | $53.6B | ||
| Q3 24 | $14.2B | — | ||
| Q2 24 | $12.2B | — |
| Q1 26 | $31.1B | — | ||
| Q4 25 | $26.6B | $32.5B | ||
| Q3 25 | $26.0B | $32.0B | ||
| Q2 25 | $25.0B | $31.2B | ||
| Q1 25 | $24.0B | $30.7B | ||
| Q4 24 | $24.7B | $30.1B | ||
| Q3 24 | $22.7B | $26.8B | ||
| Q2 24 | $22.1B | $26.3B |
| Q1 26 | $61.0B | — | ||
| Q4 25 | $55.6B | $141.6B | ||
| Q3 25 | $54.9B | $138.2B | ||
| Q2 25 | $53.1B | $136.4B | ||
| Q1 25 | $52.1B | $135.4B | ||
| Q4 24 | $53.6B | $133.7B | ||
| Q3 24 | $52.3B | $132.3B | ||
| Q2 24 | $49.1B | $130.8B |
| Q1 26 | 0.43× | — | ||
| Q4 25 | 0.51× | 1.76× | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | 0.56× | 1.78× | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.55× | — |
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 | $5.3B | — |
| Free Cash FlowOCF − Capex | $5.1B | — |
| FCF MarginFCF / Revenue | 41.6% | — |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | 1.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $11.9B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $5.3B | — | ||
| Q4 25 | $2.1B | $2.0B | ||
| Q3 25 | $2.8B | $2.9B | ||
| Q2 25 | $2.4B | $1.1B | ||
| Q1 25 | $2.8B | $2.8B | ||
| Q4 24 | $1.5B | $1.9B | ||
| Q3 24 | $2.3B | $3.1B | ||
| Q2 24 | $1.3B | $711.0M |
| Q1 26 | $5.1B | — | ||
| Q4 25 | $1.9B | $-1.2B | ||
| Q3 25 | $2.7B | $-80.0M | ||
| Q2 25 | $2.3B | $-2.0B | ||
| Q1 25 | $2.7B | $213.0M | ||
| Q4 24 | $1.4B | $-896.0M | ||
| Q3 24 | $2.2B | $526.0M | ||
| Q2 24 | $1.2B | $-1.6B |
| Q1 26 | 41.6% | — | ||
| Q4 25 | 15.5% | -17.6% | ||
| Q3 25 | 23.1% | -1.3% | ||
| Q2 25 | 20.5% | -34.0% | ||
| Q1 25 | 25.2% | 3.6% | ||
| Q4 24 | 13.5% | -13.5% | ||
| Q3 24 | 22.3% | 8.9% | ||
| Q2 24 | 12.7% | -26.5% |
| Q1 26 | 1.6% | — | ||
| Q4 25 | 2.0% | 46.4% | ||
| Q3 25 | 1.4% | 46.9% | ||
| Q2 25 | 1.4% | 52.0% | ||
| Q1 25 | 1.2% | 44.0% | ||
| Q4 24 | 1.5% | 42.6% | ||
| Q3 24 | 1.3% | 43.8% | ||
| Q2 24 | 0.8% | 38.4% |
| Q1 26 | 1.00× | — | ||
| Q4 25 | 0.87× | 2.93× | ||
| Q3 25 | 1.11× | 3.35× | ||
| Q2 25 | 0.78× | 1.93× | ||
| Q1 25 | 0.97× | 4.49× | ||
| Q4 24 | 0.82× | 2.87× | ||
| Q3 24 | 0.98× | 5.41× | ||
| Q2 24 | 0.60× | 1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFLX
Segment breakdown not available.
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
