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Side-by-side financial comparison of PG&E Corporation (PCG) and PPG Industries (PPG). 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 1.8× PPG Industries). PG&E Corporation runs the higher net margin — 12.9% vs 9.8%, a 3.1% gap on every dollar of revenue. On growth, PG&E Corporation posted the faster year-over-year revenue change (15.0% vs 6.7%). Over the past eight quarters, PG&E Corporation's revenue compounded faster (7.2% CAGR vs -9.5%).
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.
PPG Industries, Inc. is an American supplier of paints, coatings, and specialty materials based in Pittsburgh, Pennsylvania. It operates in more than 70 countries globally. A member of the Fortune 500, PPG is the second largest coatings company in the world by revenue, behind Sherwin-Williams. It is headquartered in PPG Place, an office and retail complex in downtown Pittsburgh, and is known for its glass facade designed by Postmodern architect Philip Johnson.
PCG vs PPG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.9B | $3.9B |
| Net Profit | $885.0M | $385.0M |
| Gross Margin | — | — |
| Operating Margin | 21.4% | — |
| Net Margin | 12.9% | 9.8% |
| Revenue YoY | 15.0% | 6.7% |
| Net Profit YoY | 39.6% | 1.9% |
| EPS (diluted) | $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 | $3.9B | ||
| Q4 25 | $6.8B | $3.9B | ||
| Q3 25 | $6.3B | $4.1B | ||
| Q2 25 | $5.9B | $4.2B | ||
| Q1 25 | $6.0B | $3.7B | ||
| Q4 24 | $6.6B | $2.2B | ||
| Q3 24 | $5.9B | $4.6B | ||
| Q2 24 | $6.0B | $4.8B |
| Q1 26 | $885.0M | $385.0M | ||
| Q4 25 | $670.0M | $300.0M | ||
| Q3 25 | $850.0M | $453.0M | ||
| Q2 25 | $549.0M | $450.0M | ||
| Q1 25 | $634.0M | $373.0M | ||
| Q4 24 | $674.0M | $-280.0M | ||
| Q3 24 | $579.0M | $468.0M | ||
| Q2 24 | $524.0M | $528.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.8% | ||
| Q3 25 | — | 40.6% | ||
| Q2 25 | — | 42.0% | ||
| Q1 25 | — | 41.9% | ||
| Q4 24 | — | 34.9% | ||
| Q3 24 | — | 41.8% | ||
| Q2 24 | — | 43.0% |
| Q1 26 | 21.4% | — | ||
| Q4 25 | 18.0% | 9.9% | ||
| Q3 25 | 19.3% | 16.9% | ||
| Q2 25 | 18.6% | 17.7% | ||
| Q1 25 | 20.4% | 16.5% | ||
| Q4 24 | 15.4% | 0.5% | ||
| Q3 24 | 17.3% | 15.6% | ||
| Q2 24 | 18.9% | 17.3% |
| Q1 26 | 12.9% | 9.8% | ||
| Q4 25 | 9.8% | 7.7% | ||
| Q3 25 | 13.6% | 11.1% | ||
| Q2 25 | 9.3% | 10.7% | ||
| Q1 25 | 10.6% | 10.1% | ||
| Q4 24 | 10.2% | -12.9% | ||
| Q3 24 | 9.7% | 10.2% | ||
| Q2 24 | 8.8% | 11.0% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.29 | $1.33 | ||
| Q3 25 | $0.37 | $2.00 | ||
| Q2 25 | $0.24 | $1.98 | ||
| Q1 25 | $0.28 | $1.63 | ||
| Q4 24 | $0.30 | $-1.18 | ||
| Q3 24 | $0.27 | $2.00 | ||
| Q2 24 | $0.24 | $2.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.6B |
| Total DebtLower is stronger | — | $6.4B |
| Stockholders' EquityBook value | — | — |
| Total Assets | — | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $713.0M | $2.2B | ||
| Q3 25 | $404.0M | $1.9B | ||
| Q2 25 | $494.0M | $1.6B | ||
| Q1 25 | $2.0B | $1.9B | ||
| Q4 24 | $940.0M | $1.4B | ||
| Q3 24 | $895.0M | $1.3B | ||
| Q2 24 | $1.3B | $1.2B |
| Q1 26 | — | $6.4B | ||
| Q4 25 | $57.4B | $7.3B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.3B | ||
| Q1 25 | — | $7.2B | ||
| Q4 24 | $53.6B | $5.8B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | $32.5B | $7.9B | ||
| Q3 25 | $32.0B | $7.8B | ||
| Q2 25 | $31.2B | $7.6B | ||
| Q1 25 | $30.7B | $6.9B | ||
| Q4 24 | $30.1B | $6.8B | ||
| Q3 24 | $26.8B | $7.8B | ||
| Q2 24 | $26.3B | $7.8B |
| Q1 26 | — | — | ||
| Q4 25 | $141.6B | $22.1B | ||
| Q3 25 | $138.2B | $22.1B | ||
| Q2 25 | $136.4B | $22.1B | ||
| Q1 25 | $135.4B | $21.1B | ||
| Q4 24 | $133.7B | $19.4B | ||
| Q3 24 | $132.3B | $21.9B | ||
| Q2 24 | $130.8B | $21.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.76× | 0.92× | ||
| Q3 25 | — | 0.94× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | 1.78× | 0.86× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | 0.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
PPG
| Industrial Coatings | $1.6B | 42% |
| Performance Coatings | $1.3B | 34% |
| Global Architectural Coatings | $965.0M | 25% |
