Regulated Electric
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PCG vs ED
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Electric
PCG vs ED — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Regulated Electric | Regulated Electric |
| Market Cap | $35.62B | $25.17B |
| Revenue (TTM) | $25.83B | $16.59B |
| Net Income (TTM) | $2.95B | $2.04B |
| Gross Margin | 45.9% | 64.4% |
| Operating Margin | 19.4% | 17.8% |
| Forward P/E | 9.8x | 17.5x |
| Total Debt | $61.34B | $315M |
| Cash & Equiv. | $713M | $1M |
PCG vs ED — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| PG&E Corporation (PCG) | 100 | 136.4 | +36.4% |
| Consolidated Edison… (ED) | 100 | 142.4 | +42.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PCG vs ED
Each card shows where this stock fits in a portfolio — not just who wins on paper.
PCG is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 0.45, current ratio 0.97x
- Beta 0.45, yield 0.6%, current ratio 0.97x
- Lower P/E (9.8x vs 17.5x)
ED carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta -0.41, yield 3.0%
- Rev growth 10.9%, EPS growth 7.6%, 3Y rev CAGR 2.6%
- 85.6% 10Y total return vs PCG's -67.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 10.9% revenue growth vs PCG's 2.1% | |
| Value | Lower P/E (9.8x vs 17.5x) | |
| Quality / Margins | 12.3% margin vs PCG's 11.4% | |
| Stability / Safety | Lower D/E ratio (1.3% vs 187.0%) | |
| Dividends | 3.0% yield, vs PCG's 0.6% | |
| Momentum (1Y) | -0.1% vs PCG's -4.2% | |
| Efficiency (ROA) | 2.8% ROA vs PCG's 2.1%, ROIC 6.0% vs 4.0% |
PCG vs ED — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
PCG vs ED — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — PCG and ED each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PCG is the larger business by revenue, generating $25.8B annually — 1.6x ED's $16.6B. Profitability is closely matched — net margins range from 12.3% (ED) to 11.4% (PCG). On growth, PCG holds the edge at +15.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $25.8B | $16.6B |
| EBITDAEarnings before interest/tax | $9.6B | $5.2B |
| Net IncomeAfter-tax profit | $3.0B | $2.0B |
| Free Cash FlowCash after capex | -$4.2B | $3.4B |
| Gross MarginGross profit ÷ Revenue | +45.9% | +64.4% |
| Operating MarginEBIT ÷ Revenue | +19.4% | +17.8% |
| Net MarginNet income ÷ Revenue | +11.4% | +12.3% |
| FCF MarginFCF ÷ Revenue | -16.3% | +20.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +15.0% | +10.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +39.3% | +12.4% |
Valuation Metrics
PCG leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 13.7x trailing earnings, PCG trades at a 28% valuation discount to ED's 18.9x P/E. On an enterprise value basis, ED's 4.8x EV/EBITDA is more attractive than PCG's 9.8x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $35.6B | $25.2B |
| Enterprise ValueMkt cap + debt − cash | $96.2B | $25.5B |
| Trailing P/EPrice ÷ TTM EPS | 13.71x | 18.95x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.83x | 17.52x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.65x |
| EV / EBITDAEnterprise value multiple | 9.75x | 4.85x |
| Price / SalesMarket cap ÷ Revenue | 1.43x | 1.49x |
| Price / BookPrice ÷ Book value/share | 1.09x | 1.58x |
| Price / FCFMarket cap ÷ FCF | — | 5.56x |
Profitability & Efficiency
ED leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
PCG delivers a 9.1% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $8 for ED. ED carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to PCG's 1.87x. On the Piotroski fundamental quality scale (0–9), ED scores 7/9 vs PCG's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +9.1% | +8.4% |
| ROA (TTM)Return on assets | +2.1% | +2.8% |
| ROICReturn on invested capital | +4.0% | +6.0% |
| ROCEReturn on capital employed | +4.0% | +6.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 1.87x | 0.01x |
| Net DebtTotal debt minus cash | $60.6B | $314M |
| Cash & Equiv.Liquid assets | $713M | $1M |
| Total DebtShort + long-term debt | $61.3B | $315M |
| Interest CoverageEBIT ÷ Interest expense | 1.61x | 0.77x |
Total Returns (Dividends Reinvested)
ED leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ED five years ago would be worth $15,824 today (with dividends reinvested), compared to $15,005 for PCG. Over the past 12 months, ED leads with a -0.1% total return vs PCG's -4.2%. The 3-year compound annual growth rate (CAGR) favors ED at 5.7% vs PCG's -1.9% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -0.3% | +7.8% |
| 1-Year ReturnPast 12 months | -4.2% | -0.1% |
| 3-Year ReturnCumulative with dividends | -5.7% | +18.1% |
| 5-Year ReturnCumulative with dividends | +50.0% | +58.2% |
| 10-Year ReturnCumulative with dividends | -67.1% | +85.6% |
| CAGR (3Y)Annualised 3-year return | -1.9% | +5.7% |
Risk & Volatility
ED leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ED is the less volatile stock with a -0.41 beta — it tends to amplify market swings less than PCG's 0.45 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ED currently trades 92.0% from its 52-week high vs PCG's 84.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.45x | -0.41x |
| 52-Week HighHighest price in past year | $19.16 | $116.17 |
| 52-Week LowLowest price in past year | $12.97 | $94.96 |
| % of 52W HighCurrent price vs 52-week peak | +84.4% | +92.0% |
| RSI (14)Momentum oscillator 0–100 | 35.6 | 44.4 |
| Avg Volume (50D)Average daily shares traded | 21.2M | 1.8M |
Analyst Outlook
Evenly matched — PCG and ED each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates PCG as "Buy" and ED as "Hold". Consensus price targets imply 42.2% upside for PCG (target: $23) vs 1.8% for ED (target: $109). For income investors, ED offers the higher dividend yield at 2.96% vs PCG's 0.62%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $23.00 | $108.78 |
| # AnalystsCovering analysts | 29 | 27 |
| Dividend YieldAnnual dividend ÷ price | +0.6% | +3.0% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | $0.10 | $3.16 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
ED leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). PCG leads in 1 (Valuation Metrics). 2 tied.
PCG vs ED: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PCG or ED a better buy right now?
For growth investors, Consolidated Edison, Inc.
(ED) is the stronger pick with 10. 9% revenue growth year-over-year, versus 2. 1% for PG&E Corporation (PCG). PG&E Corporation (PCG) offers the better valuation at 13. 7x trailing P/E (9. 8x forward), making it the more compelling value choice. Analysts rate PG&E Corporation (PCG) a "Buy" — based on 29 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — PCG or ED?
On trailing P/E, PG&E Corporation (PCG) is the cheapest at 13.
7x versus Consolidated Edison, Inc. at 18. 9x. On forward P/E, PG&E Corporation is actually cheaper at 9. 8x.
03Which is the better long-term investment — PCG or ED?
Over the past 5 years, Consolidated Edison, Inc.
(ED) delivered a total return of +58. 2%, compared to +50. 0% for PG&E Corporation (PCG). Over 10 years, the gap is even starker: ED returned +85. 6% versus PCG's -67. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — PCG or ED?
By beta (market sensitivity over 5 years), Consolidated Edison, Inc.
(ED) is the lower-risk stock at -0. 41β versus PG&E Corporation's 0. 45β — meaning PCG is approximately -208% more volatile than ED relative to the S&P 500. On balance sheet safety, Consolidated Edison, Inc. (ED) carries a lower debt/equity ratio of 1% versus 187% for PG&E Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — PCG or ED?
By revenue growth (latest reported year), Consolidated Edison, Inc.
(ED) is pulling ahead at 10. 9% versus 2. 1% for PG&E Corporation (PCG). On earnings-per-share growth, the picture is similar: Consolidated Edison, Inc. grew EPS 7. 6% year-over-year, compared to 2. 6% for PG&E Corporation. Over a 3-year CAGR, PCG leads at 4. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — PCG or ED?
Consolidated Edison, Inc.
(ED) is the more profitable company, earning 12. 0% net margin versus 10. 8% for PG&E Corporation — meaning it keeps 12. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PCG leads at 19. 6% versus 17. 3% for ED. At the gross margin level — before operating expenses — ED leads at 81. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is PCG or ED more undervalued right now?
On forward earnings alone, PG&E Corporation (PCG) trades at 9.
8x forward P/E versus 17. 5x for Consolidated Edison, Inc. — 7. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PCG: 42. 2% to $23. 00.
08Which pays a better dividend — PCG or ED?
All stocks in this comparison pay dividends.
Consolidated Edison, Inc. (ED) offers the highest yield at 3. 0%, versus 0. 6% for PG&E Corporation (PCG).
09Is PCG or ED better for a retirement portfolio?
For long-horizon retirement investors, Consolidated Edison, Inc.
(ED) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 41), 3. 0% yield). Both have compounded well over 10 years (ED: +85. 6%, PCG: -67. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between PCG and ED?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: PCG is a mid-cap deep-value stock; ED is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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