MARKETS / NYSE / POR

NYSE · ELECTRIC SERVICES · LARGE CAP

Portland General Electric Co. POR

18 fiscal years on record · USD · FY2025 reported · SEC filings only

17 YEARS OF DIVIDEND GROWTH

Revenue

$3.6B

▲ 2.2% YoY

Net income

$306.0M

▼ 2.2% YoY

Free cash flow

$-71.0M

In brief

What this company does

Portland General Electric Company is a vertically-integrated electric utility, with corporate headquarters in Portland, Oregon, engaged in the generation, wholesale purchase and sale, transmission, distribution, and retail sale of electricity to customers in the state of Oregon. PGE's State-approved service area allocation of 4,000 square miles is located entirely within Oregon and includes 51 incorporated cities. During 2025, the company added 10,000 customers, and as of December 31, 2025, served a total of approximately 960,000 retail customers. The company operates as a single business segment, with revenues and costs related to its business activities maintained and analyzed on a total electric operations basis. PGE was incorporated in 1930 and is publicly-owned, with its common stock listed on the New York Stock Exchange.

Written from the business description in PORTLAND GENERAL ELECTRIC COMPANY's annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth

USD 3.6B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 3.6 · Net income 0.3

Compound annual growth

Revenue

+10.5%

+10.6%

Net income

+9.5%

+14.6%

+5.9%

EPS, diluted

+2.1%

+10.0%

+3.1%

+3.5%

Dividend / share

+5.1%

+5.5%

+5.8%

+4.7%

Returned to shareholders

+8.5%

+10.0%

+8.8%

+7.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +10.6% a year over five years — but profit grew faster: net income at +14.6%, earnings per share at +10.0%.

The share count rose from 0.09B to 0.12B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

9 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 15.9% · Net 8.8%

ROE

FY2015 · ROE 9.0%

Gross margin—

Operating margin15.9%

Net margin8.8%

Return on assets2.4%

EBITDAUSD 1.1B

Cash & shareholders

USD 225.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF -71.0

Net buybacks $M Dividends $M

FY2025 · Dividends 225.0 · Net buybacks —

Dividends paidUSD 225.0M

Net buybacks—

Share of profit73.5%

Consecutive raises17 years

USD 225.0M in dividends — 74% of the year's profit went back to shareholders.

Total assetsUSD 13.2B

CashUSD 76.0M

Gross debtUSD 4.7B

Net debtUSD 4.6B

Current ratio1.08×

Not available: we don't have the shareholders' equity figure for this period.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	3.6	3.5	2.9	2.6	2.4	2.2	2.1	2.0	2.0	1.9	·	·	·	·	·	·	·	·
Operating income $B	0.6	0.5	0.4	0.4	0.4	0.3	0.4	0.3	0.4	0.3	0.3	0.3	0.2	0.3	0.3	0.3	0.2	0.2
EBITDA $B	1.1	1.0	0.9	0.8	0.8	0.7	0.8	0.7	0.7	0.7	0.6	0.6	0.5	0.6	0.5	0.5	0.4	0.4
Income tax $B	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.0	0.1	0.0	0.1	0.1	0.1	0.0	0.0
Net income $B	0.3	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1
Free cash flow $B	−0.1	−0.5	−0.9	−0.1	−0.1	−0.2	−0.1	0.0	0.1	−0.0	−0.1	−0.5	−0.1	0.2	0.2	−0.1	−0.3	−0.2
EPS, diluted $	2.77	3.01	2.33	2.60	2.72	1.72	2.39	2.37	2.10	2.16	2.04	2.18	1.35	1.87	1.95	1.66	1.31	1.39
Dividend / sh $	2.08	1.98	1.88	1.79	1.70	1.58	1.52	1.43	1.34	1.26	1.18	1.11	1.09	1.07	1.05	1.03	1.01	0.97
Payout %	74	64	79	68	61	90	63	59	63	57	56	50	80	57	54	62	76	69
ROE %	·	·	·	·	·	·	·	·	·	·	9.0	9.4	5.9	8.3	9.0	8.0	6.2	·
Shares out B	0.12	0.11	0.10	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.08	0.08	0.08	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 6 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityElectric Services

Listed onNYSE

Incorporated inOregon

Fiscal year endsDecember 31

Data on record since2008