Based on the latest figures, PG&E reports a gross margin of 40.6%, an operating margin of 20.2%, an EBITDA margin of 41.6%, and a net margin of 12%. Gross margin had the largest improvement, expanding by 2.6 percentage points, while the other available margins also increased.
PCG margin history
Over the last 3 years, PG&E recorded average margins of 37.89% gross, 17.51% operating, 37.96% EBITDA, and 10.69% 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 gross margin with an increase of 2.6 percentage points.
PCG Gross margin
Across the last 3 years, PG&E had an average gross margin of 37.89%. Against its three-year average, PG&E's gross margin is currently 40.6%, 2.7 percentage points above its three-year average. Looking back over the last 3 years, PG&E's gross margin reached 40.6% at its highest point in Sep 2026 and 34% at its lowest in Dec 2023.
PCG Operating margin
Over the last 3 years, PG&E's operating margin averaged 17.51%. Currently, PG&E's current operating margin is 20.2%, which is 2.7 percentage points above its three-year average. During this period, operating margin reached a high of 20.2% in Sep 2026 and a low of 10.9% in Dec 2023.
PCG EBITDA margin
Over the last 3 years, PG&E's EBITDA margin averaged 37.96%. Currently, PG&E's current EBITDA margin is 41.6%, which is 3.6 percentage points above its three-year average. During this period, EBITDA margin reached a high of 41.6% in Sep 2026 and a low of 29.8% in Dec 2023.
PCG Net margin
Over the last 3 years, PG&E's net margin averaged 10.69%. The current net margin of 12% is 1.3 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 40.6%, PCG stands lower than the Utilities sector, the industry and its peers average. Looking at the Utilities sector average of 43.2%, PG&E's gross margin is 6% lower.
PCG margin peer comparison
Frequently asked questions
What is PG&E's gross margin?
As of Sep 30, 2026, PCG has a gross margin of 40.6%.
What is PG&E's operating margin?
The current operating margin for PCG is 20.2% as of Sep 30, 2026.
What is PG&E's EBITDA margin?
The current EBITDA margin for PCG is 41.6% as of Sep 30, 2026.
What is PG&E's net margin?
For the period ending Sep 30, 2026, PCG recorded a net margin of 12%.
What are the average margins of PCG?
Over the last 3 years, PG&E's margins averaged 37.9% gross, 17.5% operating, 38.0% EBITDA, and 10.7% net.
What are the highest historical margins of PCG?
Within the 5-year period, PCG recorded its highest margins at 40.6% gross in Sep 2026, 20.2% operating in Sep 2026, 41.6% EBITDA in Sep 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.