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Side-by-side financial comparison of PG&E Corporation (PCG) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
PG&E Corporation is the larger business by last-quarter revenue ($6.9B vs $4.5B, roughly 1.5× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 21.3% vs 12.9%, a 8.5% gap on every dollar of revenue. On growth, PG&E Corporation posted the faster year-over-year revenue change (15.0% vs 11.3%). Over the past eight quarters, PG&E Corporation's revenue compounded faster (7.2% CAGR vs 4.1%).
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.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
PCG vs RCL — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.9B | $4.5B |
| Net Profit | $885.0M | $950.0M |
| Gross Margin | — | — |
| Operating Margin | 21.4% | 26.1% |
| Net Margin | 12.9% | 21.3% |
| Revenue YoY | 15.0% | 11.3% |
| Net Profit YoY | 39.6% | 29.1% |
| EPS (diluted) | $0.39 | $3.48 |
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 | $4.5B | ||
| Q4 25 | $6.8B | $4.3B | ||
| Q3 25 | $6.3B | $5.1B | ||
| Q2 25 | $5.9B | $4.5B | ||
| Q1 25 | $6.0B | $4.0B | ||
| Q4 24 | $6.6B | $3.8B | ||
| Q3 24 | $5.9B | $4.9B | ||
| Q2 24 | $6.0B | $4.1B |
| Q1 26 | $885.0M | $950.0M | ||
| Q4 25 | $670.0M | $753.0M | ||
| Q3 25 | $850.0M | $1.6B | ||
| Q2 25 | $549.0M | $1.2B | ||
| Q1 25 | $634.0M | $730.0M | ||
| Q4 24 | $674.0M | $552.0M | ||
| Q3 24 | $579.0M | $1.1B | ||
| Q2 24 | $524.0M | $854.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% |
| Q1 26 | 21.4% | 26.1% | ||
| Q4 25 | 18.0% | 21.9% | ||
| Q3 25 | 19.3% | 33.1% | ||
| Q2 25 | 18.6% | 29.3% | ||
| Q1 25 | 20.4% | 23.6% | ||
| Q4 24 | 15.4% | 16.6% | ||
| Q3 24 | 17.3% | 33.4% | ||
| Q2 24 | 18.9% | 26.7% |
| Q1 26 | 12.9% | 21.3% | ||
| Q4 25 | 9.8% | 17.7% | ||
| Q3 25 | 13.6% | 30.6% | ||
| Q2 25 | 9.3% | 26.7% | ||
| Q1 25 | 10.6% | 18.3% | ||
| Q4 24 | 10.2% | 14.7% | ||
| Q3 24 | 9.7% | 22.7% | ||
| Q2 24 | 8.8% | 20.8% |
| Q1 26 | $0.39 | $3.48 | ||
| Q4 25 | $0.29 | $2.76 | ||
| Q3 25 | $0.37 | $5.74 | ||
| Q2 25 | $0.24 | $4.41 | ||
| Q1 25 | $0.28 | $2.70 | ||
| Q4 24 | $0.30 | $2.27 | ||
| Q3 24 | $0.27 | $4.21 | ||
| Q2 24 | $0.24 | $3.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $512.0M |
| Total DebtLower is stronger | — | $21.1B |
| Stockholders' EquityBook value | — | $10.0B |
| Total Assets | — | $42.0B |
| Debt / EquityLower = less leverage | — | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.0M | ||
| Q4 25 | $713.0M | $825.0M | ||
| Q3 25 | $404.0M | $432.0M | ||
| Q2 25 | $494.0M | $735.0M | ||
| Q1 25 | $2.0B | $386.0M | ||
| Q4 24 | $940.0M | $388.0M | ||
| Q3 24 | $895.0M | $418.0M | ||
| Q2 24 | $1.3B | $391.0M |
| Q1 26 | — | $21.1B | ||
| Q4 25 | $57.4B | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | $53.6B | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
| Q1 26 | — | $10.0B | ||
| Q4 25 | $32.5B | $10.0B | ||
| Q3 25 | $32.0B | $10.1B | ||
| Q2 25 | $31.2B | $9.2B | ||
| Q1 25 | $30.7B | $8.0B | ||
| Q4 24 | $30.1B | $7.6B | ||
| Q3 24 | $26.8B | $7.0B | ||
| Q2 24 | $26.3B | $6.0B |
| Q1 26 | — | $42.0B | ||
| Q4 25 | $141.6B | $41.6B | ||
| Q3 25 | $138.2B | $40.1B | ||
| Q2 25 | $136.4B | $38.5B | ||
| Q1 25 | $135.4B | $37.5B | ||
| Q4 24 | $133.7B | $37.1B | ||
| Q3 24 | $132.3B | $37.1B | ||
| Q2 24 | $130.8B | $37.0B |
| Q1 26 | — | 2.11× | ||
| Q4 25 | 1.76× | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | 1.78× | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× |
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 | — | $1.8B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.0B | $1.6B | ||
| Q3 25 | $2.9B | $1.5B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $2.8B | $1.6B | ||
| Q4 24 | $1.9B | $1.5B | ||
| Q3 24 | $3.1B | $897.0M | ||
| Q2 24 | $711.0M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $116.0M | ||
| Q3 25 | $-80.0M | $-989.0M | ||
| Q2 25 | $-2.0B | $910.0M | ||
| Q1 25 | $213.0M | $1.2B | ||
| Q4 24 | $-896.0M | $915.0M | ||
| Q3 24 | $526.0M | $563.0M | ||
| Q2 24 | $-1.6B | $-567.0M |
| Q1 26 | — | — | ||
| Q4 25 | -17.6% | 2.7% | ||
| Q3 25 | -1.3% | -19.2% | ||
| Q2 25 | -34.0% | 20.1% | ||
| Q1 25 | 3.6% | 30.0% | ||
| Q4 24 | -13.5% | 24.3% | ||
| Q3 24 | 8.9% | 11.5% | ||
| Q2 24 | -26.5% | -13.8% |
| Q1 26 | — | — | ||
| Q4 25 | 46.4% | 35.4% | ||
| Q3 25 | 46.9% | 47.8% | ||
| Q2 25 | 52.0% | 18.4% | ||
| Q1 25 | 44.0% | 10.7% | ||
| Q4 24 | 42.6% | 14.7% | ||
| Q3 24 | 43.8% | 6.8% | ||
| Q2 24 | 38.4% | 52.1% |
| Q1 26 | — | 1.93× | ||
| Q4 25 | 2.93× | 2.16× | ||
| Q3 25 | 3.35× | 0.93× | ||
| Q2 25 | 1.93× | 1.44× | ||
| Q1 25 | 4.49× | 2.23× | ||
| Q4 24 | 2.87× | 2.66× | ||
| Q3 24 | 5.41× | 0.81× | ||
| Q2 24 | 1.36× | 1.84× |
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% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
