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Side-by-side financial comparison of PG&E Corporation (PCG) and Textron (TXT). Click either name above to swap in a different company.

PG&E Corporation is the larger business by last-quarter revenue ($6.9B vs $4.2B, roughly 1.6× Textron). PG&E Corporation runs the higher net margin — 12.9% vs 5.6%, a 7.2% gap on every dollar of revenue. On growth, Textron posted the faster year-over-year revenue change (15.6% vs 15.0%). Over the past eight quarters, Textron's revenue compounded faster (15.4% 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.

Textron Inc. is an American industrial conglomerate based in Providence, Rhode Island. Textron's subsidiaries include Bell Textron, Kautex, Textron Aviation, and Lycoming Engines. It was founded by Royal Little in 1923 as the Special Yarns Company. In 2020, Textron employed over 33,000 people in 25 countries. The company ranked 265th on the 2021 Fortune 500 of the largest United States corporations by revenue.

PCG vs TXT — Head-to-Head

Bigger by revenue
PCG
PCG
1.6× larger
PCG
$6.9B
$4.2B
TXT
Growing faster (revenue YoY)
TXT
TXT
+0.5% gap
TXT
15.6%
15.0%
PCG
Higher net margin
PCG
PCG
7.2% more per $
PCG
12.9%
5.6%
TXT
Faster 2-yr revenue CAGR
TXT
TXT
Annualised
TXT
15.4%
7.2%
PCG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PCG
PCG
TXT
TXT
Revenue
$6.9B
$4.2B
Net Profit
$885.0M
$235.0M
Gross Margin
Operating Margin
21.4%
Net Margin
12.9%
5.6%
Revenue YoY
15.0%
15.6%
Net Profit YoY
39.6%
66.7%
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.

Revenue
PCG
PCG
TXT
TXT
Q1 26
$6.9B
Q4 25
$6.8B
$4.2B
Q3 25
$6.3B
$3.6B
Q2 25
$5.9B
$3.7B
Q1 25
$6.0B
$3.3B
Q4 24
$6.6B
$3.6B
Q3 24
$5.9B
$3.4B
Q2 24
$6.0B
$3.5B
Net Profit
PCG
PCG
TXT
TXT
Q1 26
$885.0M
Q4 25
$670.0M
$235.0M
Q3 25
$850.0M
$234.0M
Q2 25
$549.0M
$245.0M
Q1 25
$634.0M
$207.0M
Q4 24
$674.0M
$141.0M
Q3 24
$579.0M
$223.0M
Q2 24
$524.0M
$259.0M
Operating Margin
PCG
PCG
TXT
TXT
Q1 26
21.4%
Q4 25
18.0%
Q3 25
19.3%
Q2 25
18.6%
Q1 25
20.4%
Q4 24
15.4%
3.6%
Q3 24
17.3%
7.4%
Q2 24
18.9%
9.2%
Net Margin
PCG
PCG
TXT
TXT
Q1 26
12.9%
Q4 25
9.8%
5.6%
Q3 25
13.6%
6.5%
Q2 25
9.3%
6.6%
Q1 25
10.6%
6.3%
Q4 24
10.2%
3.9%
Q3 24
9.7%
6.5%
Q2 24
8.8%
7.3%
EPS (diluted)
PCG
PCG
TXT
TXT
Q1 26
$0.39
Q4 25
$0.29
Q3 25
$0.37
Q2 25
$0.24
Q1 25
$0.28
$1.13
Q4 24
$0.30
Q3 24
$0.27
Q2 24
$0.24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PCG
PCG
TXT
TXT
Operating Cash FlowLast quarter
$700.0M
Free Cash FlowOCF − Capex
$527.0M
FCF MarginFCF / Revenue
12.6%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
2.98×
TTM Free Cash FlowTrailing 4 quarters
$929.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCG
PCG
TXT
TXT
Q1 26
Q4 25
$2.0B
$700.0M
Q3 25
$2.9B
$349.0M
Q2 25
$1.1B
$387.0M
Q1 25
$2.8B
$-124.0M
Q4 24
$1.9B
$446.0M
Q3 24
$3.1B
$208.0M
Q2 24
$711.0M
$367.0M
Free Cash Flow
PCG
PCG
TXT
TXT
Q1 26
Q4 25
$-1.2B
$527.0M
Q3 25
$-80.0M
$273.0M
Q2 25
$-2.0B
$309.0M
Q1 25
$213.0M
$-180.0M
Q4 24
$-896.0M
$293.0M
Q3 24
$526.0M
$137.0M
Q2 24
$-1.6B
$293.0M
FCF Margin
PCG
PCG
TXT
TXT
Q1 26
Q4 25
-17.6%
12.6%
Q3 25
-1.3%
7.6%
Q2 25
-34.0%
8.3%
Q1 25
3.6%
-5.4%
Q4 24
-13.5%
8.1%
Q3 24
8.9%
4.0%
Q2 24
-26.5%
8.3%
Capex Intensity
PCG
PCG
TXT
TXT
Q1 26
Q4 25
46.4%
4.1%
Q3 25
46.9%
2.1%
Q2 25
52.0%
2.1%
Q1 25
44.0%
1.7%
Q4 24
42.6%
4.2%
Q3 24
43.8%
2.1%
Q2 24
38.4%
2.1%
Cash Conversion
PCG
PCG
TXT
TXT
Q1 26
Q4 25
2.93×
2.98×
Q3 25
3.35×
1.49×
Q2 25
1.93×
1.58×
Q1 25
4.49×
-0.60×
Q4 24
2.87×
3.16×
Q3 24
5.41×
0.93×
Q2 24
1.36×
1.42×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PCG
PCG

Electric$5.0B72%
Other$1.9B28%

TXT
TXT

Aircraft$1.2B29%
Military Aircraft And Support Programs$655.0M16%
Aftermarket Parts And Services$551.0M13%
Services$507.0M12%
Fuel Systems And Functional Components$480.0M11%
Textron Systems$323.0M8%
Other$317.0M8%
US Government$119.0M3%
Finance$18.0M0%
Textron E Aviation Segment$7.0M0%

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