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

PG&E Corporation is the larger business by last-quarter revenue ($6.9B vs $6.3B, roughly 1.1× Block, Inc.). PG&E Corporation runs the higher net margin — 12.9% vs 1.9%, a 11.0% gap on every dollar of revenue. On growth, PG&E Corporation posted the faster year-over-year revenue change (15.0% vs 3.6%). Over the past eight quarters, PG&E Corporation's revenue compounded faster (7.2% CAGR vs 2.4%).

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.

Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.

PCG vs XYZ — Head-to-Head

Bigger by revenue
PCG
PCG
1.1× larger
PCG
$6.9B
$6.3B
XYZ
Growing faster (revenue YoY)
PCG
PCG
+11.4% gap
PCG
15.0%
3.6%
XYZ
Higher net margin
PCG
PCG
11.0% more per $
PCG
12.9%
1.9%
XYZ
Faster 2-yr revenue CAGR
PCG
PCG
Annualised
PCG
7.2%
2.4%
XYZ

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PCG
PCG
XYZ
XYZ
Revenue
$6.9B
$6.3B
Net Profit
$885.0M
$115.8M
Gross Margin
45.9%
Operating Margin
21.4%
7.8%
Net Margin
12.9%
1.9%
Revenue YoY
15.0%
3.6%
Net Profit YoY
39.6%
-94.1%
EPS (diluted)
$0.39
$0.19

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
XYZ
XYZ
Q1 26
$6.9B
Q4 25
$6.8B
$6.3B
Q3 25
$6.3B
$6.1B
Q2 25
$5.9B
$6.1B
Q1 25
$6.0B
$5.8B
Q4 24
$6.6B
$6.0B
Q3 24
$5.9B
$6.0B
Q2 24
$6.0B
$6.2B
Net Profit
PCG
PCG
XYZ
XYZ
Q1 26
$885.0M
Q4 25
$670.0M
$115.8M
Q3 25
$850.0M
$461.5M
Q2 25
$549.0M
$538.5M
Q1 25
$634.0M
$189.9M
Q4 24
$674.0M
$1.9B
Q3 24
$579.0M
$283.8M
Q2 24
$524.0M
$195.3M
Gross Margin
PCG
PCG
XYZ
XYZ
Q1 26
Q4 25
45.9%
Q3 25
43.5%
Q2 25
41.9%
Q1 25
39.7%
Q4 24
38.3%
Q3 24
37.6%
Q2 24
36.3%
Operating Margin
PCG
PCG
XYZ
XYZ
Q1 26
21.4%
Q4 25
18.0%
7.8%
Q3 25
19.3%
6.7%
Q2 25
18.6%
8.0%
Q1 25
20.4%
5.7%
Q4 24
15.4%
0.2%
Q3 24
17.3%
5.4%
Q2 24
18.9%
5.0%
Net Margin
PCG
PCG
XYZ
XYZ
Q1 26
12.9%
Q4 25
9.8%
1.9%
Q3 25
13.6%
7.5%
Q2 25
9.3%
8.9%
Q1 25
10.6%
3.3%
Q4 24
10.2%
32.3%
Q3 24
9.7%
4.7%
Q2 24
8.8%
3.2%
EPS (diluted)
PCG
PCG
XYZ
XYZ
Q1 26
$0.39
Q4 25
$0.29
$0.19
Q3 25
$0.37
$0.74
Q2 25
$0.24
$0.87
Q1 25
$0.28
$0.30
Q4 24
$0.30
$3.06
Q3 24
$0.27
$0.45
Q2 24
$0.24
$0.31

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PCG
PCG
XYZ
XYZ
Cash + ST InvestmentsLiquidity on hand
$6.6B
Total DebtLower is stronger
Stockholders' EquityBook value
$22.2B
Total Assets
$39.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCG
PCG
XYZ
XYZ
Q1 26
Q4 25
$713.0M
$6.6B
Q3 25
$404.0M
$8.3B
Q2 25
$494.0M
$6.4B
Q1 25
$2.0B
$7.1B
Q4 24
$940.0M
$8.1B
Q3 24
$895.0M
$8.3B
Q2 24
$1.3B
$7.8B
Total Debt
PCG
PCG
XYZ
XYZ
Q1 26
Q4 25
$57.4B
Q3 25
$7.3B
Q2 25
$5.1B
Q1 25
$5.1B
Q4 24
$53.6B
$6.1B
Q3 24
$6.1B
Q2 24
$6.1B
Stockholders' Equity
PCG
PCG
XYZ
XYZ
Q1 26
Q4 25
$32.5B
$22.2B
Q3 25
$32.0B
$22.5B
Q2 25
$31.2B
$22.2B
Q1 25
$30.7B
$21.5B
Q4 24
$30.1B
$21.3B
Q3 24
$26.8B
$19.9B
Q2 24
$26.3B
$19.3B
Total Assets
PCG
PCG
XYZ
XYZ
Q1 26
Q4 25
$141.6B
$39.5B
Q3 25
$138.2B
$39.2B
Q2 25
$136.4B
$36.9B
Q1 25
$135.4B
$36.4B
Q4 24
$133.7B
$36.8B
Q3 24
$132.3B
$36.4B
Q2 24
$130.8B
$37.5B
Debt / Equity
PCG
PCG
XYZ
XYZ
Q1 26
Q4 25
1.76×
Q3 25
0.32×
Q2 25
0.23×
Q1 25
0.24×
Q4 24
1.78×
0.29×
Q3 24
0.31×
Q2 24
0.32×

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
XYZ
XYZ
Operating Cash FlowLast quarter
$621.0M
Free Cash FlowOCF − Capex
$579.8M
FCF MarginFCF / Revenue
9.3%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
5.36×
TTM Free Cash FlowTrailing 4 quarters
$2.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCG
PCG
XYZ
XYZ
Q1 26
Q4 25
$2.0B
$621.0M
Q3 25
$2.9B
$1.5B
Q2 25
$1.1B
$374.3M
Q1 25
$2.8B
$133.3M
Q4 24
$1.9B
$13.8M
Q3 24
$3.1B
$684.8M
Q2 24
$711.0M
$519.4M
Free Cash Flow
PCG
PCG
XYZ
XYZ
Q1 26
Q4 25
$-1.2B
$579.8M
Q3 25
$-80.0M
$1.4B
Q2 25
$-2.0B
$343.0M
Q1 25
$213.0M
$101.5M
Q4 24
$-896.0M
$-13.2M
Q3 24
$526.0M
$628.2M
Q2 24
$-1.6B
$481.0M
FCF Margin
PCG
PCG
XYZ
XYZ
Q1 26
Q4 25
-17.6%
9.3%
Q3 25
-1.3%
22.9%
Q2 25
-34.0%
5.7%
Q1 25
3.6%
1.8%
Q4 24
-13.5%
-0.2%
Q3 24
8.9%
10.5%
Q2 24
-26.5%
7.8%
Capex Intensity
PCG
PCG
XYZ
XYZ
Q1 26
Q4 25
46.4%
0.7%
Q3 25
46.9%
0.8%
Q2 25
52.0%
0.5%
Q1 25
44.0%
0.6%
Q4 24
42.6%
0.4%
Q3 24
43.8%
0.9%
Q2 24
38.4%
0.6%
Cash Conversion
PCG
PCG
XYZ
XYZ
Q1 26
Q4 25
2.93×
5.36×
Q3 25
3.35×
3.14×
Q2 25
1.93×
0.70×
Q1 25
4.49×
0.70×
Q4 24
2.87×
0.01×
Q3 24
5.41×
2.41×
Q2 24
1.36×
2.66×

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%

XYZ
XYZ

US$5.7B91%
Non Us$560.9M9%

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