Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $18,469 | $20,642 | $21,680 | $24,428 | $24,419 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $1,755 | $1,883 | $1,837 | $2,671 | $4,459 |
| Net Income | -$1,304 | -$88 | $1,814 | $2,256 | $2,512 |
Over the five-year period, PG&E CORP’s revenue steadily increased from USD 18,469 million in 2020 to around USD 24,428 million in 2023, before stabilizing at USD 24,419 million in 2024. Although the gross profit is reported as zero each year—which might indicate internal reporting conventions or a specific treatment of cost of goods sold in the utility industry—the operating and net income figures tell an informative story. Operating income started at USD 1,755 million in 2020, experienced modest growth through 2021 and 2022, and then saw a substantial jump from USD 2,671 million in 2023 to USD 4,459 million in 2024. This over 66% increase in operating income is notable, especially when set against nearly flat revenue in the latter period, suggesting significant improvements in operating efficiency or cost management practices. Net income shows a similar turnaround. After recording losses in 2020 (–USD 1,304 million) and 2021 (–USD 88 million), the company achieved profitability in 2022, with net income rising to USD 1,814 million, and further improving to USD 2,256 million in 2023 and USD 2,512 million in 2024. The marked year-over-year recovery beginning in 2022 indicates effective measures to address earlier deficits. Overall, these metrics portray a company that, after recent challenges, has strengthened its financial health, achieving better margins and a consistent, albeit gradual, increase in key profitability figures. Such trends, particularly in the highly regulated utility sector, point toward enhanced operational performance and suggest a more sustainable financial outlook moving forward.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.