ED vs PCG
Consolidated Edison Inc. and PG&E Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ED | PCG |
|---|---|---|
| Revenue | $17.0B | $24.9B |
| Net income | $2.0B | $2.7B |
| Gross margin | · | · |
| Net margin | 11.9% | 10.8% |
| Return on equity | 8.8% | 8.6% |
| Diluted EPS | $5.64 | $1.18 |
| Dividend / share | · | · |
| Payout ratio | 57.6% | · |
| Free cash flow | · | $-3.1B |
| Equity | $24.2B | $32.5B |
| Net debt / equity | 1.00× | 1.77× |
| Current ratio | 1.02× | 0.97× |
| Revenue CAGR 5y | 6.8% | 6.2% |
| Profit CAGR 5y | 12.9% | · |
PCG bills 1.5× the revenue of ED, and ED keeps more of each dollar of revenue as profit (11.9% against 10.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ED | PCG |
|---|---|---|
| FY2025 | $17.0B | $24.9B |
| FY2024 | $15.5B | $24.4B |
| FY2023 | $14.7B | $24.4B |
| FY2022 | $15.7B | $21.7B |
| FY2021 | $13.7B | $20.6B |
| FY2020 | $12.2B | $18.5B |
| FY2019 | $12.6B | $17.1B |
| FY2018 | $12.3B | $16.8B |
| FY2017 | $12.0B | $17.1B |
| FY2016 | $12.1B | $17.7B |
Bottom line
| Fiscal year | ED | PCG |
|---|---|---|
| FY2025 | $2.0B | $2.7B |
| FY2024 | $1.8B | $2.5B |
| FY2023 | $2.5B | $2.3B |
| FY2022 | $1.7B | $1.8B |
| FY2021 | $1.3B | $-88.0M |
| FY2020 | $1.1B | $-1.3B |
| FY2019 | $1.3B | $-7.6B |
| FY2018 | $1.4B | $-6.8B |
| FY2017 | $1.5B | $1.7B |
| FY2016 | $1.2B | $1.4B |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$7,886,000,000 | PCG |
| FY2024 | −$8,950,000,000 | PCG |
| FY2023 | −$9,765,000,000 | PCG |
| FY2022 | −$6,010,000,000 | PCG |
| FY2021 | −$6,966,000,000 | PCG |
| FY2020 | −$6,223,000,000 | PCG |
| FY2019 | −$4,555,000,000 | PCG |
| FY2018 | −$4,422,000,000 | PCG |
| FY2017 | −$5,102,000,000 | PCG |
| FY2016 | −$5,591,000,000 | PCG |
| FY2015 | −$4,279,000,000 | PCG |
| FY2014 | −$4,171,000,000 | PCG |
| FY2013 | −$3,244,000,000 | PCG |
| FY2012 | −$2,852,000,000 | PCG |
| FY2011 | −$2,070,000,000 | PCG |
| FY2010 | −$516,000,000 | PCG |
| FY2009 | −$367,000,000 | PCG |
PCG has reported the higher revenue in every one of these 17 fiscal years. The gap has widened since the earliest year compared.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +1.0 pp | ED |
| FY2024 | +1.5 pp | ED |
| FY2023 | +8.4 pp | ED |
| FY2022 | +2.1 pp | ED |
| FY2021 | +9.4 pp | ED |
| FY2020 | +16.7 pp | ED |
| FY2019 | +56.4 pp | ED |
| FY2018 | +52.3 pp | ED |
| FY2017 | +3.3 pp | ED |
| FY2016 | +2.6 pp | ED |
| FY2015 | +4.5 pp | ED |
| FY2014 | +0.2 pp | ED |
| FY2013 | +3.5 pp | ED |
| FY2012 | +4.1 pp | ED |
| FY2011 | +2.5 pp | ED |
| FY2010 | −0.5 pp | PCG |
| FY2009 | −2.5 pp | PCG |
The higher net margin has changed hands between ED and PCG over this period.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PCG's net margin has been more volatile than ED's over the 17 comparable fiscal years — 16.4 percentage points of standard deviation against 2.4.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ED and PCG over these 17 fiscal years — ED led in 15 and PCG in 2.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PCG's return on equity has been more volatile than ED's over the 16 comparable fiscal years — 25.1 percentage points of standard deviation against 1.3.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ED and PCG over these 16 fiscal years — ED led in 12 and PCG in 4.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.