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PG&E vs Consolidated Edison: PCG and ED compared
PG&E is the larger company: $6.2B of revenue in its latest quarter (Q3 2026) against $4.9B for Consolidated Edison (Q3 2026). Consolidated Edison is growing faster (+8% against -1% a year earlier). Consolidated Edison is more profitable, with an operating margin of 23.8% against 20.2%.
Where the money goes: PCG and ED
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.
Consolidated Edison (ED) · Q3 2026
Consolidated Edison, Q3 2026: revenue $4.9B (+8% year over year), operating margin 23.8%, net earnings $766M, operating cash flow $854M. The chart follows the revenue to costs, profit and cash.
| PG&E (PCG) | Consolidated Edison (ED) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $6.2B | $4.9B |
| Revenue growth, Y/Y | -1% | +8% |
| Operating margin | 20.2% | 23.8% |
| Net earnings | $749M | $766M |
| Net margin | 12.1% | 15.6% |
| Operating cash flow | $2.5B | $854M |
| Market value | $30.2B | $44.3B |
| P/E | 9.5× | 161.5× |
| Analysts’ mean target | $17.62 | $109.50 |
Where the revenue comes from
PG&E
- Electric: $4.7B (75%)
- Natural Gas, US Regulated: $1.5B (25%)
Consolidated Edison
- Electric: $4.4B (89%)
- Gas: $455M (9%)
- Steam: $62.0M (1%)
Questions
Which is bigger, PG&E or Consolidated Edison?
PG&E is the larger company: $6.2B of revenue in its latest quarter (Q3 2026) against $4.9B for Consolidated Edison (Q3 2026).
Is PG&E or Consolidated Edison growing faster?
Consolidated Edison is growing faster (+8% against -1% a year earlier).
Which is more profitable, PG&E or Consolidated Edison?
Consolidated Edison is more profitable, with an operating margin of 23.8% against 20.2%.
More: PG&E earnings · how PG&E makes money · Consolidated Edison earnings · how Consolidated Edison makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.