Portland General Electric Company(POR)Earnings, Financials & Key Ratios

POR•NYSE•Utilities

$48.82

$5.65B mkt cap·17.7× P/E·Price updated May 6, 2026

SectorUtilities IndustryElectric Utilities Sub-IndustryVertically integrated electric utilities

AboutPortland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2021, the company owned an electric transmission system consisting of 1,274 circuit miles, including 287 circuit miles of 500 kilovolt line, 415 circuit miles of 230 kilovolt line, and 572 miles of 115 kilovolt line. It has 28,206 circuit miles of distribution lines. The company also purchases and sells wholesale natural gas in the United States and Canada. It serves approximately 917 thousand residential, commercial, and industrial customers in 51 cities. The company was founded in 1889 and is headquartered in Portland, Oregon.Show more

Revenue$3.37B-1.9%
EBITDA$1.13B+12.2%
Net Income$306M-2.2%
Free Cash Flow-$71M+85.5%
EBITDA Margin33.53%+14.4%
Net Margin9.07%-0.3%
ROE7.72%-12.3%
Interest Coverage2.38-3.3%
Debt/Equity1.34-1.8%
Net Debt/EBITDA4.82-5.7%
CapEx / Revenue35.25%-4.4%
CapEx Coverage0.94+53.2%

Technical→

POR Key Insights

Portland General Electric Company (POR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓11 years of consecutive dividend growth
✓11 consecutive years of dividend growth
✓Healthy dividend yield of 4.2%
✓Trading at only 1.3x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

POR Price & Volume

Portland General Electric Company (POR) stock price & volume — 10-year historical chart

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POR Growth Metrics

Portland General Electric Company (POR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.92%

5 Years9.48%

3 Years8.41%

TTM1.13%

Profit CAGR

10 Years5.93%

5 Years14.57%

3 Years9.51%

TTM-17.43%

EPS CAGR

10 Years3.07%

5 Years9.92%

3 Years2.01%

TTM-20.98%

Return on Capital

10 Years4.55%

5 Years4.49%

3 Years4.51%

Last Year4.62%

POR Recent Earnings

Portland General Electric Company (POR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 5/12 qtrs (42%)●Beat Revenue 7/12 qtrs (58%)

Q2 2026Latest

May 1, 2026

EPS

$0.58

Est $0.77

-24.4%

Revenue

$879M

Est $953M

-7.8%

Q1 2026

Feb 17, 2026

EPS

$0.47

Est $0.59

-20.5%

Revenue

$889M

Est $863M

+3.0%

Q4 2025

Oct 31, 2025

EPS

$1.00

Est $0.98

+2.0%

Revenue

$878M

Est $892M

-1.6%

Q3 2025

Jul 25, 2025

EPS

$0.66

Est $0.65

+1.5%

Revenue

$807M

Est $975M

-17.2%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 1, 2026	$0.58vs $0.77-24.4%	$879Mvs $953M-7.8%
Q1 2026	Feb 17, 2026	$0.47vs $0.59-20.5%	$889Mvs $863M+3.0%
Q4 2025	Oct 31, 2025	$1.00vs $0.98+2.0%	$878Mvs $892M-1.6%
Q3 2025	Jul 25, 2025	$0.66vs $0.65+1.5%	$807Mvs $975M-17.2%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
AVAAvista CorporationDirect Competitor	3.35B	40.58	17.05	1.34%	9.83%	7.25%	1.25
IDAIDACORP, Inc.Direct Competitor	7.98B	144.08	24.42	-0.75%	18.61%	9.4%	1.02
NWENorthwestern Energy Group IncDirect Competitor	4.37B	71.08	24.18	6.38%	10.21%	5.8%	1.14
PNWPinnacle West Capital CorporationDirect Competitor	12.14B	100.17	19.84	4.2%	11.99%	9.27%	2.52
OTTROtter Tail CorporationDirect Competitor	3.73B	88.89	13.57	-1.99%	21.34%	15.21%	0.59
HEHawaiian Electric Industries, Inc.Direct Competitor	1.94B	15.28	-1.36	-2.06%	0.62%	1.07%	2.20
PCGPG&E CorporationProduct Competitor	35.62B	16.18	13.71	2.11%	11.43%	9.09%	1.87
EIXEdison InternationalProduct Competitor	26.47B	68.80	5.96	9.76%	18.87%	19.39%	2.21

Compare POR vs Peers

Portland General Electric Company (POR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AVA

Most directly comparable listed peer for POR.

Scale Benchmark

vs NEE

Larger-name benchmark to compare POR against a more recognizable public peer.

Peer Set

Compare Top 5

vs AVA, IDA, NWE, PNW

POR Income Statement

Portland General Electric Company (POR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Revenue	2.01B	1.99B	2.12B	2.15B	2.4B	2.65B	2.92B	3.44B	3.37B	3.48B
Revenue Growth %	4.47%	-0.9%	6.63%	1.04%	11.7%	10.48%	10.43%	17.69%	-1.95%	1.13%
Cost of Revenue	901M	863M	937M	1B	1.13B	1.34B	1.56B	1.85B	2.24B	1.81B
Gross Profit	1.11B▲ 0%	1.13B▲ 1.8%	1.19B▲ 5.1%	1.14B▼ 3.5%	1.26B▲ 10.5%	1.31B▲ 3.7%	1.36B▲ 3.7%	1.59B▲ 16.7%	1.14B▼ 28.4%	1.67B▲ 0%
Gross Margin %	55.15%	56.65%	55.86%	53.33%	52.75%	49.53%	46.49%	46.1%	33.65%	47.96%
Gross Profit Growth %	8.63%	1.81%	5.14%	-3.54%	10.49%	3.72%	3.66%	16.7%	-28.44%	-
Operating Expenses	728M	782M	833M	875M	886M	914M	963M	1.07B	582M	1.14B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA	725M	728M	762M	723M	782M	814M	854M	1.01B	1.13B	1.11B
EBITDA Margin %	36.09%	36.56%	35.89%	33.71%	32.64%	30.75%	29.22%	29.3%	33.53%	31.97%
EBITDA Growth %	9.68%	0.41%	4.67%	-5.12%	8.16%	4.09%	4.91%	18.03%	12.2%	7.65%
Depreciation & Amortization	345M	382M	409M	454M	404M	417M	458M	496M	578M	582M
D&A / Revenue %	17.17%	19.19%	19.27%	21.17%	16.86%	15.75%	15.67%	14.42%	17.14%	16.73%
Operating Income (EBIT)	380M▲ 0%	346M▼ 8.9%	353M▲ 2.0%	269M▼ 23.8%	378M▲ 40.5%	397M▲ 5.0%	396M▼ 0.3%	512M▲ 29.3%	553M▲ 8.0%	530M▲ 0%
Operating Margin %	18.91%	17.38%	16.63%	12.54%	15.78%	15%	13.55%	14.88%	16.39%	15.24%
Operating Income Growth %	11.76%	-8.95%	2.02%	-23.8%	40.52%	5.03%	-0.25%	29.29%	8.01%	-
Interest Expense	120M	124M	128M	136M	137M	156M	173M	211M	232M	4M
Interest Coverage	3.11x	2.70x	2.72x	1.94x	2.72x	2.63x	2.32x	2.46x	2.38x	-
Interest / Revenue %	5.97%	6.23%	6.03%	6.34%	5.72%	5.89%	5.92%	6.13%	6.88%	0.12%
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-4M
Pretax Income	273M▲ 0%	229M▼ 16.1%	241M▲ 5.2%	155M▼ 35.7%	267M▲ 72.3%	272M▲ 1.9%	273M▲ 0.4%	350M▲ 28.2%	359M▲ 2.6%	291M▲ 0%
Pretax Margin %	13.59%	11.5%	11.35%	7.23%	11.14%	10.28%	9.34%	10.17%	10.64%	8.37%
Income Tax	86M	17M	27M	0	23M	39M	45M	37M	53M	40M
Effective Tax Rate %	31.5%	7.42%	11.2%	0%	8.61%	14.34%	16.48%	10.57%	14.76%	13.75%
Net Income	187M▲ 0%	212M▲ 13.4%	214M▲ 0.9%	155M▼ 27.6%	244M▲ 57.4%	233M▼ 4.5%	228M▼ 2.1%	313M▲ 37.3%	306M▼ 2.2%	251M▲ 0%
Net Margin %	9.31%	10.65%	10.08%	7.23%	10.18%	8.8%	7.8%	9.1%	9.07%	7.22%
Net Income Growth %	-3.11%	13.37%	0.94%	-27.57%	57.42%	-4.51%	-2.15%	37.28%	-2.24%	-17.43%
EPS (Diluted)	2.10▲ 0%	2.37▲ 12.9%	2.39▲ 0.8%	1.72▼ 28.0%	2.72▲ 58.1%	2.60▼ 4.4%	2.33▼ 10.4%	3.01▲ 29.2%	2.76▼ 8.3%	2.27▲ 0%
EPS Growth %	-2.78%	12.86%	0.84%	-28.03%	58.14%	-4.41%	-10.38%	29.18%	-8.31%	-20.98%
EPS (Basic)	2.10	2.38	2.39	1.73	2.72	2.61	2.33	3.01	2.77	-
Diluted Shares Outstanding	89.18M	89.35M	89.56M	89.64M	89.63M	89.64M	97.95M	104.16M	110.74M	110.74M

POR Balance Sheet

Portland General Electric Company (POR) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Assets	7.84B	8.11B	8.39B	9.07B	9.49B	10.46B	11.21B	12.54B	13.51B	13.2B
Asset Growth %	4.13%	3.47%	3.5%	8.04%	4.69%	10.16%	7.16%	11.92%	7.73%	30.77%
PP&E (Net)	6.43B	6.47B	6.82B	7.22B	7.68B	8.18B	9.19B	10.3B	10.93B	11.1B
PP&E / Total Assets %	82.04%	79.83%	81.25%	79.59%	80.91%	78.2%	81.99%	82.08%	80.88%	84.09%
Total Current Assets	526M	643M	500M	721M	688M	1.21B	935M	1.02B	1.07B	1.01B
Cash & Equivalents	39M	119M	30M	257M	52M	165M	5M	12M	76M	8M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	78M	84M	96M	72M	78M	95M	113M	114M	124M	130M
Other Current Assets	85M	97M	58M	64M	163M	483M	335M	362M	316M	467M
Long-Term Investments	0	0	0	0	0	0	0	0	43M	162M
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	311M	413M	392M	365M	348M	308M	375M	361M	366M	0
Other Assets	571M	580M	682M	765M	776M	762M	709M	862M	1.1B	1.02B
Total Liabilities	5.42B	5.6B	5.8B	6.46B	6.79B	7.68B	7.89B	8.75B	9.38B	9.08B
Total Debt	2.43B	2.53B	2.8B	3.38B	3.6B	3.98B	4.46B	5.17B	5.53B	4.95B
Net Debt	2.39B	2.41B	2.77B	3.13B	3.55B	3.82B	4.45B	5.16B	5.46B	4.95B
Long-Term Debt	2.43B	2.18B	2.6B	2.89B	3.29B	3.39B	3.9B	4.39B	4.94B	4.66B
Short-Term Borrowings	0	304M	0	310M	0	260M	226M	170M	53M	9M
Capital Lease Obligations	49M	49M	202M	189M	319M	336M	328M	615M	540M	1.42B
Total Current Liabilities	432M	791M	519M	815M	768M	1.5B	1.11B	1.12B	993M	929M
Accounts Payable	132M	168M	165M	153M	244M	457M	347M	365M	330M	277M
Accrued Expenses	87M	93M	99M	96M	96M	97M	114M	129M	87M	708M
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	213M	224M	231M	232M	404M	658M	402M	402M	460M	167M
Deferred Taxes	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K	3.14B
Other Liabilities	2.52B	2.22B	2.13B	2.22B	2.44B	2.05B	2.1B	2.09B	1.83B	2.62B
Total Equity	2.42B▲ 0%	2.51B▲ 3.7%	2.59B▲ 3.4%	2.61B▲ 0.8%	2.71B▲ 3.6%	2.78B▲ 2.7%	3.32B▲ 19.4%	3.79B▲ 14.3%	4.13B▲ 8.9%	4.12B▲ 0%
Equity Growth %	3.07%	3.73%	3.39%	0.85%	3.6%	2.66%	19.43%	14.31%	8.94%	35.49%
Shareholders Equity	2.42B	2.51B	2.59B	2.61B	2.71B	2.78B	3.32B	3.79B	4.13B	4.12B
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	1.21B	1.21B	1.22B	1.23B	1.24B	1.25B	1.75B	2.12B	2.38B	2.39B
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	1.22B	1.3B	1.38B	1.39B	1.48B	1.53B	1.57B	1.68B	1.75B	1.74B
Accumulated OCI	-8M	-7M	-10M	-11M	-10M	-4M	-5M	-4M	-4M	-4M
Return on Assets (ROA)	2.43%	2.66%	2.59%	1.78%	2.63%	2.34%	2.1%	2.64%	2.35%	1.92%
Return on Equity (ROE)	7.86%	8.61%	8.4%	5.96%	9.17%	8.49%	7.48%	8.8%	7.72%	6.25%
Debt / Equity	1.00x	1.01x	1.08x	1.30x	1.33x	1.43x	1.34x	1.36x	1.34x	1.34x
Debt / Assets	30.95%	31.21%	33.35%	37.33%	37.96%	38.07%	39.78%	41.22%	40.94%	37.51%
Net Debt / EBITDA	3.29x	3.31x	3.63x	4.33x	4.54x	4.69x	5.22x	5.12x	4.82x	4.82x
Book Value per Share	27.09	28.05	28.93	29.15	30.2	31	33.88	36.43	37.32	37.2

POR Cash Flow Statement

Portland General Electric Company (POR) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	597M	630M	546M	567M	532M	674M	420M	778M	1.12B	1.12B
Operating CF Growth %	7.96%	5.53%	-13.33%	3.85%	-6.17%	26.69%	-37.69%	85.24%	43.7%	146.02%
Operating CF / Revenue %	29.72%	31.64%	25.72%	26.43%	22.2%	25.46%	14.37%	22.62%	33.15%	32.14%
Net Income	187M	212M	214M	155M	244M	233M	228M	313M	306M	251M
Depreciation & Amortization	345M	382M	409M	454M	404M	417M	458M	496M	578M	582M
Deferred Taxes	70M	-17M	6M	-23M	5M	6M	8M	23M	37M	31M
Other Non-Cash Items	21M	83M	29M	22M	-57M	28M	100M	70M	219M	236M
Working Capital Changes	-26M	-30M	-112M	-41M	-64M	-10M	-374M	-124M	-38M	55M
Capital Expenditures	-514M	-595M	-606M	-784M	-636M	-766M	-1.36B	-1.27B	-1.19B	-1.09B
CapEx / Revenue %	25.58%	29.88%	28.54%	36.55%	26.54%	28.94%	46.46%	36.86%	35.25%	31.31%
CapEx / D&A	1.49x	1.56x	1.48x	1.73x	1.57x	1.84x	2.97x	2.56x	2.06x	1.87x
CapEx Coverage (OCF/CapEx)	1.16x	1.06x	0.90x	0.72x	0.84x	0.88x	0.31x	0.61x	0.94x	1.03x
Cash from Investing	-514M	-471M	-604M	-787M	-656M	-758M	-1.36B	-1.3B	-1.2B	-1.08B
Acquisitions	0	595M	606M	784M	636M	13M	0	0	0	0
Purchase of Investments	-18M	-12M	-8M	-6M	-10M	-3M	-1M	-8M	-9M	-10M
Sale of Investments	21M	15M	13M	9M	12M	3M	1M	0	0	3M
Other Investing	-3M	-474M	-609M	-790M	-658M	-5M	0	-21M	2M	14M
Cash from Financing	-50M	-79M	-31M	447M	-81M	197M	778M	526M	142M	-76M
Dividends Paid	-118M	-125M	-134M	-140M	-150M	-158M	-179M	-200M	-225M	-230M
Dividend Payout Ratio %	63.1%	58.96%	62.62%	90.32%	61.48%	67.81%	78.51%	63.9%	73.53%	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Stock Issued	0	0	0	0	0	0	485M	346M	250M	250M
Share Repurchases	0	0	0	0	-12M	-18M	0	0	0	0
Other Financing	-7M	-5M	-17M	-14M	-9M	-12M	-14M	-14M	-23M	-37M
Net Change in Cash	33M▲ 0%	80M▲ 142.4%	-89M▼ 211.2%	227M▲ 355.1%	-205M▼ 190.3%	113M▲ 155.1%	-160M▼ 241.6%	7M▲ 104.4%	64M▲ 814.3%	22M▲ 0%
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	25M
Cash at Beginning	6M	39M	119M	30M	257M	52M	165M	5M	12M	76M
Cash at End	39M	119M	30M	257M	52M	165M	5M	12M	76M	8M
Free Cash Flow	83M▲ 0%	35M▼ 57.8%	-60M▼ 271.4%	-217M▼ 261.7%	-104M▲ 52.1%	-92M▲ 11.5%	-938M▼ 919.6%	-490M▲ 47.8%	-71M▲ 85.5%	66M▲ 0%
FCF Growth %	367.74%	-57.83%	-271.43%	-261.67%	52.07%	11.54%	-919.57%	47.76%	85.51%	114.1%
FCF Margin %	4.13%	1.76%	-2.83%	-10.12%	-4.34%	-3.48%	-32.09%	-14.24%	-2.1%	1.9%
FCF / Net Income %	44.39%	16.51%	-28.04%	-140%	-42.62%	-39.48%	-411.4%	-156.55%	-23.2%	26.29%

POR Key Ratios

Portland General Electric Company (POR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	7.86%	8.61%	8.4%	5.96%	9.17%	8.49%	7.48%	8.8%	7.72%	6.25%
EBITDA Margin	36.09%	36.56%	35.89%	33.71%	32.64%	30.75%	29.22%	29.3%	33.53%	31.97%
Net Debt / EBITDA	3.29x	3.31x	3.63x	4.33x	4.54x	4.69x	5.22x	5.12x	4.82x	4.82x
Interest Coverage	3.11x	2.70x	2.72x	1.94x	2.72x	2.63x	2.32x	2.46x	2.38x	-
CapEx / Revenue	25.58%	29.88%	28.54%	36.55%	26.54%	28.94%	46.46%	36.86%	35.25%	31.31%
Dividend Payout Ratio	63.1%	58.96%	62.62%	90.32%	61.48%	67.81%	78.51%	63.9%	73.53%	91.63%
Debt / Equity	1.00x	1.01x	1.08x	1.30x	1.33x	1.43x	1.34x	1.36x	1.34x	1.34x
EPS Growth	-2.78%	12.86%	0.84%	-28.03%	58.14%	-4.41%	-10.38%	29.18%	-8.31%	-20.98%

POR SEC Filings & Documents

Portland General Electric Company (POR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 1, 2026·SEC

Material company update

Apr 28, 2026·SEC

Material company update

Mar 24, 2026·SEC

10-K Annual Reports

FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 20, 2024·SEC

10-Q Quarterly Reports

FY 2025

Oct 31, 2025·SEC

FY 2025

Jul 25, 2025·SEC

FY 2025

Apr 25, 2025·SEC

POR Frequently Asked Questions

Portland General Electric Company (POR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Portland General Electric Company (POR) reported $3.48B in revenue for fiscal year 2025. This represents a 213% increase from $1.11B in 1996.

Portland General Electric Company (POR) saw revenue decline by 1.9% over the past year.

Yes, Portland General Electric Company (POR) is profitable, generating $251.0M in net income for fiscal year 2025 (9.1% net margin).

Dividend & Returns

Yes, Portland General Electric Company (POR) pays a dividend with a yield of 4.16%. This makes it attractive for income-focused investors.

Portland General Electric Company (POR) has a return on equity (ROE) of 7.7%. This is below average, suggesting room for improvement.

Portland General Electric Company (POR) generated $66.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Portland General Electric Company (POR) has a dividend payout ratio of 74%. The dividend is reasonably covered.

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Portland General Electric Company (POR) financial analysis — history, returns, DCA and operating performance tools

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Portland General Electric Company(POR)Earnings, Financials & Key Ratios

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