Companies: 10,795·Total market cap: $144.5T
PG&E Corporation

PG&E Corporation

PCGNYSEUtilities● Active
$16.46
$-0.66(-3.83%)
Market Cap$36.2B
P/E Ratio—
52W High$19.16
52W Low$12.97
Free Cash FlowFinancialsRevenue

PG&E Corporation (PCG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PCG · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was −$3.07B for FY2025 (fiscal year ending 2025-12-31), down 31.6% year-over-year The FCF margin was -12.3%.

FY2025 Free Cash Flow−$3.07B▼ -31.6% YoY
Trailing 12M (TTM)−$4.21Btrailing 4 quarters sum
FCF Margin-12.3%−$3.07B ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
pcg free cash flow history · pcg free cash flow chart · pcg free cash flow growth rate · pcg free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest−$3.07B▼ 31.6%-12.3%
FY2024−$2.33B▲ +53.0%-9.6%
FY2023−$4.97B▲ +15.3%-20.3%
FY2022−$5.86B▼ 8.0%-27.0%
FY2021−$5.43B▲ +79.8%-26.3%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
pcg free cash flow 2025 · pcg free cash flow 2024 · pcg free cash flow 2023 · pcg operating cash flow

FCF valuation metrics

PG&E Corporation (PCG) reported negative free cash flow of −$3.07B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)
N/A
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
N/A
TTM FCF ÷ Shares Outstanding
Price / FCF
N/A
Share Price ÷ FCF per Share
EV / FCF (TTM)
N/A
Enterprise Value basis
!

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
pcg price to free cash flow · pcg free cash flow yield · pcg free cash flow per share · pcg price to cash flow ratio

Cash flow statement summary

For FY2025, PG&E Corporation generated $8.72B in operating cash flow and spent 11.79B in capital expenditures, yielding −$3.07B in free cash flow.

Operating Activities
+$8.72B
Cash from core business operations
2025-12-31
Investing Activities
−$12.32B
CapEx, acquisitions & investments
2025-12-31
Financing Activities
+$3.36B
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($8.72B) − |CapEx| (11.79B) = FCF (−$3.07B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
pcg cash flow statement · pcg cash flow statement 2025 · pcg operating cash flow · pcg cash flow from operations

Free cash flow vs peers (Utilities)

#CompanyFree Cash FlowYoY
#1
PG&E Corporation
PG&E CorporationYOU
PCG
−$3.07B-31.6%
#2
GE Vernova Inc.
GE Vernova Inc.
GEV
$3.71B+118.3%#3
NextEra Energy, Inc.
NextEra Energy, Inc.
NEE
$3.21B-32.3%#4
Constellation Energy Corporation
Constellation Energy Corporation
CEG
$1.29B+125.6%#5
Duke Energy Corporation
Duke Energy Corporation
DUK
−$1.67B-3583.3%#6
The Southern Company
The Southern Company
SO
−$3.59B-531.0%
Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

PG&E Corporation (PCG) reported free cash flow of −$3.07B for FY2025 (fiscal year ending 2025-12-31), down 31.6% year-over-year. The FCF margin was -12.3%.

Based on available data, PG&E Corporation has maintained positive free cash flow for at least 2 fiscal year(s). FCF peaked at $336.0M in FY2017.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

PCG free cash flow · 8 questions

PG&E Corporation free cash flow was −$3.07B for FY2025, down 31.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$4.21B.

PCG free cash flowPCG FCFPCG FCF 2025PCG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · PG&E Corporation · PG&E Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026