PG&E vs Xcel Energy: revenue, profit, margins and growth compared
PG&E brought in $24.9B of revenue in fiscal 2025, Xcel Energy $14.7B in fiscal 2025. Revenue changed by +2.1% at PG&E and +9.1% at Xcel Energy on the year before, so Xcel Energy grew faster. PG&E kept 10.4% of its revenue as net profit, Xcel Energy 13.8%. Free cash flow was -$3.1B at PG&E and -$6.8B at Xcel Energy.
Fiscal years as each company reports them; the two may end in different months.
Questions about PG&E and Xcel Energy
Which is bigger by revenue, PG&E or Xcel Energy?
PG&E is bigger by revenue: $24.9B in fiscal 2025, against $14.7B for Xcel Energy in fiscal 2025.
Which keeps more of its revenue as profit, PG&E or Xcel Energy?
PG&E had a net margin of 10.4% in fiscal 2025; Xcel Energy had 13.8% in fiscal 2025.
Which grew revenue faster, PG&E or Xcel Energy?
In their latest fiscal years revenue changed by +2.1% at PG&E and +9.1% at Xcel Energy.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.