Edwyn
Over the past five years, PG&E CORP’s revenue has shown a steady upward trajectory, increasing from USD 18,469 million in 2020 to nearly USD 24,419 million in 2024. This growth, albeit modest in annual increments, reflects a cumulative increase of about 32% over the period. Notably, gross profit is recorded as zero throughout the period, which indicates that either gross profit was not applicable in this dataset or the metric may be reported differently for regulatory or operational reasons within the utility industry. Operating income started at USD 1,755 million in 2020, experienced moderate fluctuations, and then surged significantly to USD 4,459 million in 2024, marking a substantial increase—especially the over 66% rise from 2023 to 2024. The turnaround in net income is also significant: from losses of USD 1,304 million in 2020 and USD 88 million in 2021 to positive net incomes of USD 1,814 million, USD 2,256 million, and USD 2,512 million in 2022, 2023, and 2024 respectively. This marked improvement in profitability suggests that PG&E may have benefited from factors such as enhanced operational efficiency, cost management, and possibly regulatory rate adjustments typical within the utilities sector. The steep year-over-year increases in operating income could be driven by economies of scale or strategic initiatives that have bolstered margins, while the positive swing in net income indicates a healthier bottom line following a period of losses. Overall, based on these metrics, PG&E CORP appears to be on a positive financial trajectory with sustainable income growth and improving profitability, though the persistent absence of a gross profit metric warrants a closer look into the company’s reporting practices for a full assessment.
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.