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| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $18,469 | $20,642 | $21,680 | $24,428 | $24,419 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $1,755 | $1,883 | $1,837 | $2,671 | $4,459 |
| Net Income | -$1,304 | -$88 | $1,814 | $2,256 | $2,512 |
Over the past five years, PG&E CORP’s revenue has grown modestly from USD 18.5 billion in 2020 to about USD 24.4 billion in 2023, with a slight dip in 2024. Although gross profit data is consistently reported as zero, likely due to the company's cost structure reporting, operating income and net income tell a more encouraging story. Operating income increased steadily from USD 1.76 billion in 2020 to a notable USD 4.46 billion in 2024, with significant year-over-year jumps in 2023 (approximately 45% over 2022) and 2024 (nearly a 67% increase over 2023). Net income, which was negative in 2020 (USD –1.30 billion) and 2021 (USD –88 million), turned positive in 2022 at USD 1.81 billion and continued to improve, reaching USD 2.51 billion in 2024. This rapid turnaround in profitability indicates a marked operational improvement and enhanced efficiency over this period. Considering PG&E CORP operates in the highly regulated utility sector—a market that typically experiences stable yet modest growth—the significant improvements in operating and net income reflect effective cost management, operational resilience, or possibly regulatory adjustments that improved margins. The one-time challenges in 2020 and 2021 could be attributed to industry-specific issues or external market headwinds, while the robust recoveries in subsequent years underscore a sustainable financial trajectory. Overall, while revenue growth remains moderate, the substantial gains in operating and net income suggest that PG&E CORP has strengthened its financial health and sustainability, positioning the company well to navigate future challenges in a competitive utility market.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.