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Side-by-side financial comparison of PG&E Corporation (PCG) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
PG&E Corporation is the larger business by last-quarter revenue ($6.9B vs $3.7B, roughly 1.9× SHOPIFY INC.). SHOPIFY INC. runs the higher net margin — 20.2% vs 12.9%, a 7.4% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 15.0%). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 7.2%).
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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
PCG vs SHOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.9B | $3.7B |
| Net Profit | $885.0M | $743.0M |
| Gross Margin | — | 46.1% |
| Operating Margin | 21.4% | 17.2% |
| Net Margin | 12.9% | 20.2% |
| Revenue YoY | 15.0% | 30.6% |
| Net Profit YoY | 39.6% | -42.5% |
| EPS (diluted) | $0.39 | $0.58 |
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 | $6.8B | $3.7B | ||
| Q3 25 | $6.3B | $2.8B | ||
| Q2 25 | $5.9B | $2.7B | ||
| Q1 25 | $6.0B | $2.4B | ||
| Q4 24 | $6.6B | $2.8B | ||
| Q3 24 | $5.9B | $2.2B | ||
| Q2 24 | $6.0B | $2.0B |
| Q1 26 | $885.0M | — | ||
| Q4 25 | $670.0M | $743.0M | ||
| Q3 25 | $850.0M | $264.0M | ||
| Q2 25 | $549.0M | $906.0M | ||
| Q1 25 | $634.0M | $-682.0M | ||
| Q4 24 | $674.0M | $1.3B | ||
| Q3 24 | $579.0M | $828.0M | ||
| Q2 24 | $524.0M | $171.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% |
| Q1 26 | 21.4% | — | ||
| Q4 25 | 18.0% | 17.2% | ||
| Q3 25 | 19.3% | 12.1% | ||
| Q2 25 | 18.6% | 10.9% | ||
| Q1 25 | 20.4% | 8.6% | ||
| Q4 24 | 15.4% | 16.5% | ||
| Q3 24 | 17.3% | 13.1% | ||
| Q2 24 | 18.9% | 11.8% |
| Q1 26 | 12.9% | — | ||
| Q4 25 | 9.8% | 20.2% | ||
| Q3 25 | 13.6% | 9.3% | ||
| Q2 25 | 9.3% | 33.8% | ||
| Q1 25 | 10.6% | -28.9% | ||
| Q4 24 | 10.2% | 46.0% | ||
| Q3 24 | 9.7% | 38.3% | ||
| Q2 24 | 8.8% | 8.4% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.29 | $0.58 | ||
| Q3 25 | $0.37 | $0.20 | ||
| Q2 25 | $0.24 | $0.69 | ||
| Q1 25 | $0.28 | $-0.53 | ||
| Q4 24 | $0.30 | $0.99 | ||
| Q3 24 | $0.27 | $0.64 | ||
| Q2 24 | $0.24 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $5.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $13.5B |
| Total Assets | — | $15.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $713.0M | $5.8B | ||
| Q3 25 | $404.0M | $6.3B | ||
| Q2 25 | $494.0M | $5.8B | ||
| Q1 25 | $2.0B | $5.5B | ||
| Q4 24 | $940.0M | $5.5B | ||
| Q3 24 | $895.0M | — | ||
| Q2 24 | $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 | $32.5B | $13.5B | ||
| Q3 25 | $32.0B | $12.5B | ||
| Q2 25 | $31.2B | $12.1B | ||
| Q1 25 | $30.7B | $11.1B | ||
| Q4 24 | $30.1B | $11.6B | ||
| Q3 24 | $26.8B | $10.1B | ||
| Q2 24 | $26.3B | $9.2B |
| Q1 26 | — | — | ||
| Q4 25 | $141.6B | $15.2B | ||
| Q3 25 | $138.2B | $15.0B | ||
| Q2 25 | $136.4B | $14.6B | ||
| Q1 25 | $135.4B | $13.4B | ||
| Q4 24 | $133.7B | $13.9B | ||
| Q3 24 | $132.3B | — | ||
| Q2 24 | $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 | — | $725.0M |
| Free Cash FlowOCF − Capex | — | $715.0M |
| FCF MarginFCF / Revenue | — | 19.5% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $725.0M | ||
| Q3 25 | $2.9B | $513.0M | ||
| Q2 25 | $1.1B | $428.0M | ||
| Q1 25 | $2.8B | $367.0M | ||
| Q4 24 | $1.9B | $615.0M | ||
| Q3 24 | $3.1B | $423.0M | ||
| Q2 24 | $711.0M | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $715.0M | ||
| Q3 25 | $-80.0M | $507.0M | ||
| Q2 25 | $-2.0B | $422.0M | ||
| Q1 25 | $213.0M | $363.0M | ||
| Q4 24 | $-896.0M | $611.0M | ||
| Q3 24 | $526.0M | $421.0M | ||
| Q2 24 | $-1.6B | $333.0M |
| Q1 26 | — | — | ||
| Q4 25 | -17.6% | 19.5% | ||
| Q3 25 | -1.3% | 17.8% | ||
| Q2 25 | -34.0% | 15.7% | ||
| Q1 25 | 3.6% | 15.4% | ||
| Q4 24 | -13.5% | 21.7% | ||
| Q3 24 | 8.9% | 19.5% | ||
| Q2 24 | -26.5% | 16.3% |
| Q1 26 | — | — | ||
| Q4 25 | 46.4% | 0.3% | ||
| Q3 25 | 46.9% | 0.2% | ||
| Q2 25 | 52.0% | 0.2% | ||
| Q1 25 | 44.0% | 0.2% | ||
| Q4 24 | 42.6% | 0.1% | ||
| Q3 24 | 43.8% | 0.1% | ||
| Q2 24 | 38.4% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.93× | 0.98× | ||
| Q3 25 | 3.35× | 1.94× | ||
| Q2 25 | 1.93× | 0.47× | ||
| Q1 25 | 4.49× | — | ||
| Q4 24 | 2.87× | 0.48× | ||
| Q3 24 | 5.41× | 0.51× | ||
| Q2 24 | 1.36× | 1.99× |
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% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
