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Exelon vs PG&E: EXC and PCG compared
Exelon is the larger company: $7.2B of revenue in its latest quarter (Q1 2026) against $6.2B for PG&E (Q3 2026). Exelon is growing faster (+8% against -1% a year earlier). Exelon is more profitable, with an operating margin of 22.2% against 20.2%.
Where the money goes: EXC and PCG
Exelon (EXC) · Q1 2026
Exelon, Q1 2026: revenue $7.2B (+8% year over year), operating margin 22.2%, net earnings $919M, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
PG&E (PCG) · Q3 2026
PG&E, Q3 2026: revenue $6.2B (-1% year over year), operating margin 20.2%, net earnings $749M, operating cash flow $2.5B. The chart follows the revenue to costs, profit and cash.
| Exelon (EXC) | PG&E (PCG) | |
|---|---|---|
| Latest quarter | Q1 2026 | Q3 2026 |
| Revenue | $7.2B | $6.2B |
| Revenue growth, Y/Y | +8% | -1% |
| Operating margin | 22.2% | 20.2% |
| Net earnings | $919M | $749M |
| Net margin | 12.7% | 12.1% |
| Operating cash flow | $1.7B | $2.5B |
| Market value | $47.7B | $30.2B |
| P/E | 17.2× | 9.5× |
| Analysts’ mean target | $47.76 | $17.62 |
Where the revenue comes from
PG&E
- Electric: $4.7B (75%)
- Natural Gas, US Regulated: $1.5B (25%)
Questions
Which is bigger, Exelon or PG&E?
Exelon is the larger company: $7.2B of revenue in its latest quarter (Q1 2026) against $6.2B for PG&E (Q3 2026).
Is Exelon or PG&E growing faster?
Exelon is growing faster (+8% against -1% a year earlier).
Which is more profitable, Exelon or PG&E?
Exelon is more profitable, with an operating margin of 22.2% against 20.2%.
More: Exelon earnings · how Exelon makes money · PG&E earnings · how PG&E makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed May 6, 2026; 10-Q filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.