Based on the latest figures, PG&E reports a gross margin of 39.8%, an operating margin of 20%, an EBITDA margin of 40.8%, and a net margin of 12.3%. Net margin had the largest improvement, expanding by 2.3 percentage points, while the other available margins also increased.
PCG margin history
Over the last 3 years, PG&E recorded average margins of 37.65% gross, 17.26% operating, 37.63% EBITDA, and 10.57% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.
PCG margin expansion
All available margins expanded year over year, led by net margin with an increase of 2.3 percentage points.
PCG Gross margin
Across the last 3 years, PG&E had an average gross margin of 37.65%. Against its three-year average, PG&E's gross margin is currently 39.8%, 2.2 percentage points above its three-year average. Looking back over the last 3 years, PG&E's gross margin reached 39.8% at its highest point in Jun 2026 and 34% at its lowest in Dec 2023.
PCG Operating margin
Over the last 3 years, PG&E's operating margin averaged 17.26%. Currently, PG&E's current operating margin is 20%, which is 2.7 percentage points above its three-year average. During this period, operating margin reached a high of 20% in Jun 2026 and a low of 10.9% in Dec 2023.
PCG EBITDA margin
Over the last 3 years, PG&E's EBITDA margin averaged 37.63%. Currently, PG&E's current EBITDA margin is 40.8%, which is 3.2 percentage points above its three-year average. During this period, EBITDA margin reached a high of 40.8% in Jun 2026 and a low of 29.8% in Dec 2023.
PCG Net margin
Over the last 3 years, PG&E's net margin averaged 10.57%. The current net margin of 12.3% is 1.7 percentage points above its three-year average. During this period, net margin reached a high of 12.3% in Jun 2026 and a low of 9.2% in Dec 2023.
PCG margin group comparison
With a gross margin of 39.8%, PCG stands lower than the Utilities sector, the industry and its peers average. Looking at the Utilities sector average of 42.8%, PG&E's gross margin is 7% lower.
PCG margin peer comparison
Frequently asked questions
What is PG&E's gross margin?
As of Jun 30, 2026, PCG has a gross margin of 39.8%.
What is PG&E's operating margin?
The current operating margin for PCG is 20% as of Jun 30, 2026.
What is PG&E's EBITDA margin?
The current EBITDA margin for PCG is 40.8% as of Jun 30, 2026.
What is PG&E's net margin?
For the period ending Jun 30, 2026, PCG recorded a net margin of 12.3%.
What are the average margins of PCG?
Over the last 3 years, PG&E's margins averaged 37.7% gross, 17.3% operating, 37.6% EBITDA, and 10.6% net.
What are the highest historical margins of PCG?
Within the 5-year period, PCG recorded its highest margins at 39.8% gross in Jun 2026, 20% operating in Jun 2026, 40.8% EBITDA in Jun 2026, and 12.3% net in Jun 2026.
What are the lowest historical margins of PCG?
Within the 5-year period, PCG recorded its lowest margins at 28.6% gross in Mar 2022, 7.3% operating in Sep 2023, 27% EBITDA in Jun 2022, and -0.5% net in Dec 2021.