PCG Pacific Gas & Electric Co. Common Stock
About Pacific Gas & Electric Co. Common Stock Company overview from Wikipedia
PCG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
PCG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $0.0500 |
| March 31, 2026 | $0.0500 |
| Dec. 31, 2025 | $0.0500 |
| Sept. 30, 2025 | $0.0250 |
| June 30, 2025 | $0.0250 |
| March 31, 2025 | $0.0250 |
| Dec. 31, 2024 | $0.0250 |
| Sept. 30, 2024 | $0.0100 |
| June 28, 2024 | $0.0100 |
| March 27, 2024 | $0.0100 |
| Dec. 28, 2023 | $0.0100 |
| Sept. 28, 2017 | $0.5300 |
| June 28, 2017 | $0.5300 |
| March 29, 2017 | $0.4900 |
| Dec. 28, 2016 | $0.4900 |
| Sept. 28, 2016 | $0.4900 |
| June 28, 2016 | $0.4900 |
| March 29, 2016 | $0.4550 |
| Dec. 29, 2015 | $0.4550 |
| Sept. 28, 2015 | $0.4550 |
PCG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 5 22.7%
- Buy 11 50.0%
- Hold 6 27.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
16 analysts · 2026-08-18Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.40 | $0.37 | 0.03% |
| March 31, 2026 | $0.48 | $0.40 | 0.08% |
| Dec. 31, 2025 | $0.36 | $0.37 | -0.01% |
| Sept. 30, 2025 | $0.50 | $0.42 | 0.08% |
| June 30, 2025 | $0.31 | $0.32 | -0.01% |
| March 31, 2025 | $0.33 | $0.34 | -0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| PCG | $35.32B | 13.6 | 2.1% | 10.8% | 8.6% | — |
| CEG | $110.22B | 47.7 | 8.3% | 9.1% | 16.8% | — |
| AEP | — | 17.3 | 10.9% | 16.9% | 12.7% | — |
| ETR | — | 23.6 | 9.0% | 13.7% | 11.1% | — |
| XEL | $46.06B | 21.6 | — | — | 9.4% | — |
| EXC | $44.59B | 15.3 | 5.3% | 11.4% | 9.9% | — |
| EIX | $23.09B | 5.2 | 9.8% | 23.1% | 26.9% | — |
| FE | $25.87B | 25.4 | 12.0% | 6.8% | 8.2% | — |
| ES | $25.28B | 14.8 | 13.8% | 12.6% | 10.7% | — |
| PPL | — | — | — | — | — | — |
| NRG | $30.32B | 39.7 | 9.2% | 2.8% | 43.5% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.93B | $24.42B | $24.43B | $21.68B | $20.64B | $18.47B | $17.13B | $16.76B | $17.14B | $17.67B | $16.83B | $17.09B | |
| Operating Income | $4.75B | $4.46B | $2.67B | $1.84B | $1.88B | $1.75B | $-10.09B | $-9.70B | $2.90B | $2.08B | $1.51B | $2.45B | |
| Interest Expense | · | · | $2.85B | $1.92B | $1.60B | $1.26B | $934M | $929M | $888M | $829M | $773M | $734M | |
| Interest Income | $520M | $604M | $606M | $162M | $20M | $39M | $82M | $76M | $31M | $23M | $9M | $9M | |
| Other Non-op | $182M | $300M | $272M | $394M | $457M | $483M | $250M | $424M | $123M | $188M | $117M | $70M | |
| Pretax Income | $2.42B | $2.31B | $699M | $476M | $748M | $-942M | $-11.04B | $-10.13B | $2.17B | $1.46B | $861M | $1.79B | |
| Income Tax | $-280M | $-200M | $-1.56B | $-1.34B | $836M | $362M | $-3.40B | $-3.29B | $511M | $55M | $-27M | $345M | |
| Net Income | $2.70B | $2.51B | $2.26B | $1.81B | $-88M | $-1.30B | $-7.64B | $-6.84B | $1.66B | $1.41B | $888M | $1.45B | |
| EPS (Basic) | $1.18 | $1.16 | $1.09 | $0.91 | $-0.05 | $-1.05 | $-14.50 | $-13.25 | $3.21 | $2.79 | $1.81 | $3.07 | |
| EPS (Diluted) | $1.18 | $1.15 | $1.05 | $0.84 | $-0.05 | $-1.05 | $-14.50 | $-13.25 | $3.21 | $2.78 | $1.79 | $3.06 | |
| Shares (Basic) | 2,197,000,000 | 2,141,000,000 | 2,064,000,000 | 1,987,000,000 | 1,985,000,000 | 1,257,000,000 | 528,000,000 | 517,000,000 | 512,000,000 | 499,000,000 | 484,000,000 | 468,000,000 | |
| Shares (Diluted) | 2,202,000,000 | 2,147,000,000 | 2,138,000,000 | 2,132,000,000 | 1,985,000,000 | 1,257,000,000 | 528,000,000 | 517,000,000 | 513,000,000 | 501,000,000 | 487,000,000 | 470,000,000 | |
| EBITDA | $4.75B | $4.46B | $2.67B | $1.84B | $1.88B | $1.75B | · | · | $2.96B | $2.18B | $1.51B | · |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $713M | $940M | $635M | $734M | $291M | $484M | $1.57B | $1.67B | $449M | $177M | $123M | $151M | |
| Receivables | $2.27B | $2.22B | $2.05B | $2.65B | $2.35B | $1.88B | $1.29B | $1.15B | $1.24B | $1.25B | $1.11B | $960M | |
| Inventory | $75M | $52M | $65M | $91M | $44M | $95M | $97M | $111M | $115M | $117M | $126M | $172M | |
| Other Current Assets | $644M | $999M | $1.38B | $1.43B | $882M | $1.33B | $639M | $448M | $464M | $290M | $338M | $443M | |
| Current Assets | $15.83B | $17.22B | $14.38B | $12.81B | $11.08B | $9.60B | $10.16B | $9.20B | $6.28B | $6.16B | $5.81B | $6.39B | |
| PP&E (Net) | · | · | · | · | · | $66.14B | $61.63B | $58.56B | $53.79B | $50.58B | $46.72B | $43.94B | |
| PP&E (Gross) | $128.99B | $118.26B | · | · | · | $93.89B | $88.09B | $83.27B | $77.25B | $72.59B | $67.34B | $63.06B | |
| Accum. Depreciation | · | · | · | · | · | $27.76B | $26.45B | $24.71B | $23.46B | $22.01B | $20.62B | $19.12B | |
| Other Non-current Assets | $4.24B | $3.85B | $3.08B | $2.97B | $2.86B | $1.98B | $1.80B | $1.48B | $1.22B | $1.23B | $1.06B | $963M | |
| Total Assets | $141.61B | $133.66B | $125.70B | $118.64B | $103.33B | $97.86B | $85.20B | $77.00B | $68.01B | $68.60B | $63.23B | $60.13B | |
| Accounts Payable | · | · | · | · | · | · | · | $1.98B | $1.65B | $1.50B | $1.41B | $1.24B | |
| Short-term Debt | $2.67B | $1.52B | $3.97B | $2.06B | $2.18B | $3.55B | $0 | $3.44B | $931M | $1.52B | $1.02B | $633M | |
| Current Liabilities | $16.30B | $16.33B | $17.31B | $15.79B | $17.43B | $13.58B | $7.63B | $41.70B | $7.13B | $7.56B | $6.36B | $5.92B | |
| Capital Leases | $360M | $439M | $518M | $1.24B | $810M | $1.21B | $1.73B | · | · | · | · | · | |
| Deferred Tax | $4.13B | $3.08B | $1.98B | $2.73B | $3.18B | $1.40B | $320M | $3.28B | $5.82B | $10.21B | $9.21B | $8.51B | |
| Other Non-current Liabilities | $4.46B | $4.17B | $3.63B | $4.29B | $4.31B | $3.85B | $2.57B | $2.46B | $2.13B | $2.28B | $2.33B | $2.22B | |
| Long-term Debt | $57.39B | $53.57B | $50.98B | $47.74B | $42.71B | $37.32B | $0 | $40.63B | $350M | $352M | $16.09B | $15.05B | |
| Total Debt | $60.88B | $57.24B | $56.32B | $52.06B | $44.89B | $40.86B | · | · | $19.13B | $18.44B | $17.21B | · | |
| Common Stock | $31.64B | $31.55B | $30.37B | $32.89B | $35.13B | $30.22B | $13.04B | $12.91B | $12.63B | $12.20B | $11.28B | $10.42B | |
| Retained Earnings | $-650M | $-2.97B | $-5.32B | $-7.54B | $-9.28B | $-9.20B | $-7.89B | $-250M | $6.60B | $5.75B | $5.30B | $5.32B | |
| Treasury Stock | · | · | $0 | $2.52B | $4.85B | $0 | · | · | · | · | · | · | |
| AOCI | $-25M | $-19M | $-13M | $-5M | $-20M | $-27M | $-10M | $-9M | $-8M | $-9M | $-7M | $11M | |
| Stockholders' Equity | $32.54B | $30.15B | $25.04B | $22.82B | $20.97B | $21.00B | $5.14B | $12.65B | $19.22B | $17.94B | $16.58B | $15.75B | |
| Liabilities + Equity | $141.61B | $133.66B | $125.70B | $118.64B | $103.33B | $97.86B | $85.20B | $77.00B | $68.01B | $68.60B | $63.23B | $60.13B | |
| Shares Outstanding | 2,197,942,874 | 2,193,573,536 | 2,133,597,758 | 1,987,784,948 | 1,985,400,540 | 1,984,678,673 | 529,236,741 | 520,338,710 | 514,755,845 | 506,891,874 | 492,025,443 | 475,913,404 |
Cash Flow 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.72B | $8.04B | $4.75B | $3.72B | $2.26B | $-19.13B | $4.82B | $4.75B | $5.98B | $4.41B | $3.78B | $3.69B | |
| CapEx | $11.79B | $10.37B | $9.71B | $9.58B | $7.69B | $7.69B | $6.31B | $6.51B | $5.64B | $5.71B | $5.17B | $4.83B | |
| Investing Cash Flow | $-12.32B | $-11.38B | $-9.16B | $-10.21B | $-6.91B | $-7.75B | $-6.38B | $-6.56B | $-5.65B | $-5.75B | $-5.21B | $-4.71B | |
| Net Debt Issued | $-3.88B | $-800M | $-3.08B | $-5.97B | $-87M | $-764M | · | · | $-1.45B | $-160M | $0 | · | |
| Stock Issued | $0 | $1.13B | $0 | $0 | · | · | $85M | $200M | $395M | $822M | $780M | $802M | |
| Net Stock Activity | $0 | $1.13B | · | · | · | · | · | · | $395M | $822M | $780M | · | |
| Dividends Paid | · | $86M | $0 | $0 | · | · | $0 | $0 | $1.02B | $921M | $856M | $828M | |
| Financing Cash Flow | $3.36B | $3.62B | $4.40B | $7.13B | $4.32B | $25.93B | $1.46B | $3.03B | $-55M | $1.17B | $1.40B | $879M | |
| Net Change in Cash | $-241M | $281M | $-15M | $640M | $-320M | $-950M | $-98M | $1.22B | $272M | $54M | $-28M | $-145M | |
| Taxes Paid | · | · | $0 | $0 | $-99M | $0 | $0 | $-49M | $162M | $231M | $-77M | $-501M | |
| Free Cash Flow | $-3.07B | $-2.33B | $-4.97B | $-5.86B | $-5.43B | $-26.82B | · | · | $336M | $-1.30B | $-1.42B | · | |
| Levered FCF | · | · | $-14.17B | $-13.17B | $-5.24B | $-28.56B | · | · | $-343M | $-2.10B | $-2.22B | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 19.1% | 18.3% | 10.9% | 8.5% | 9.1% | 9.5% | · | · | 17.2% | 12.3% | 9.0% | · | |
| Net Margin | 10.8% | 10.3% | 9.2% | 8.4% | -0.43% | -7.1% | · | · | 9.7% | 8.0% | 5.3% | · | |
| Pretax Margin | 9.7% | 9.5% | 2.9% | 2.2% | 3.6% | -5.1% | · | · | 12.7% | 8.3% | 5.1% | · | |
| EBITDA Margin | 19.1% | 18.3% | 10.9% | 8.5% | 9.1% | 9.5% | · | · | 17.2% | 12.3% | 9.0% | · | |
| ROA | 2.0% | 1.9% | 1.8% | 1.6% | -0.09% | -1.4% | · | · | 2.4% | 2.1% | 1.4% | · | |
| ROE | 8.6% | 9.1% | 9.4% | 8.3% | -0.42% | -10.0% | · | · | 8.9% | 8.2% | 5.5% | · | |
| ROIC | 5.7% | 5.5% | 10.6% | 9.3% | -0.34% | 3.9% | · | · | 5.9% | 5.8% | 4.6% | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.1 | 0.8 | 0.8 | 0.6 | 0.7 | · | · | 0.9 | 0.8 | 0.9 | · | |
| Quick Ratio | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | · | · | 0.2 | 0.2 | 0.2 | · | |
| Debt / Equity | 1.9 | 1.9 | 2.2 | 2.3 | 2.1 | 1.9 | · | · | 1.0 | 1.0 | 1.0 | · | |
| LT Debt / Equity | 1.8 | 1.8 | 2.0 | 2.1 | 1.8 | 1.8 | · | · | 0.9 | 0.9 | 1.0 | · | |
| Interest Coverage | · | · | 0.9 | 1.0 | 1.2 | 1.4 | · | · | 3.3 | 2.6 | 2.0 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | · | · | 0.3 | 0.3 | 0.3 | · | |
| Receivables Turnover | 11.1 | 11.4 | 10.4 | 8.7 | 9.8 | 11.7 | · | · | 13.7 | 15.0 | 16.3 | · |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 2.1% | -0.04% | 12.7% | 5.0% | 11.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 4.8% | 5.8% | 9.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.2% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 2.6% | 9.5% | 25.0% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 12.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 7.6% | 11.3% | 24.4% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 14.2% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $24.93B | $24.42B | $24.43B | $21.68B | $20.64B | $18.47B | $17.13B | $16.76B | $17.14B | $17.67B | $16.83B | $17.09B | |
| Net Income TTM | $2.70B | $2.51B | $2.26B | $1.81B | $-88M | $-1.30B | $-7.64B | $-6.84B | $1.66B | $1.41B | $888M | $1.45B | |
| Market Cap | $35.32B | $44.27B | $38.47B | $32.32B | $24.10B | $24.73B | · | · | $23.08B | $30.80B | $26.17B | · | |
| Enterprise Value | $95.49B | $100.56B | $94.16B | $83.65B | $68.70B | $65.11B | · | · | $41.76B | $49.06B | $43.26B | · | |
| P/E | 13.6 | 17.5 | 17.2 | 19.4 | -242.8 | -11.9 | -0.7 | -1.8 | 14.0 | 21.9 | 29.7 | 17.4 | |
| P/S | 1.4 | 1.8 | 1.6 | 1.5 | 1.2 | 1.3 | · | · | 1.3 | 1.7 | 1.6 | · | |
| P/B | 1.1 | 1.5 | 1.5 | 1.4 | 1.1 | 1.2 | · | · | 1.2 | 1.7 | 1.6 | · | |
| P / Tangible Book | 1.1 | 1.5 | 1.5 | 1.4 | 1.1 | 1.2 | · | · | · | · | · | · | |
| P / Cash Flow | 4.1 | 5.5 | 8.1 | 8.7 | 10.7 | -1.3 | · | · | 3.9 | 7.0 | 7.0 | · | |
| P / FCF | -11.5 | -19.0 | -7.7 | -5.5 | -4.4 | -0.9 | · | · | 68.7 | -23.7 | -18.4 | · | |
| EV / EBITDA | 20.1 | 22.6 | 35.3 | 45.5 | 36.5 | 37.1 | · | · | 14.1 | 22.5 | 28.7 | · | |
| EV / FCF | -31.1 | -43.1 | -19.0 | -14.3 | -12.7 | -2.4 | · | · | 124.3 | -37.7 | -30.5 | · | |
| EV / Revenue | 3.8 | 4.1 | 3.9 | 3.9 | 3.3 | 3.5 | · | · | 2.4 | 2.8 | 2.6 | · | |
| Dividend Yield | · | 0.19% | 0.00% | 0.00% | · | · | · | · | 4.4% | 3.0% | 3.3% | · | |
| Earnings Yield | 7.3% | 5.7% | 5.8% | 5.2% | -0.41% | -8.4% | -133.4% | -55.8% | 7.2% | 4.6% | 3.4% | 5.8% | |
| Payout Ratio | · | 3.4% | · | · | · | · | · | · | 61.5% | 65.5% | 96.4% | · | |
| Annual Payout | · | $86M | $0 | $0 | · | · | $0 | $0 | $1.02B | $921M | $856M | $828M |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.90B | $6.88B | $6.80B | $6.25B | $5.90B | $5.98B | $6.63B | $5.94B | $5.99B | $5.86B | $7.04B | $5.89B | $5.29B | $6.21B | $5.37B | $5.39B | |
| Operating Income | $1.26B | $1.47B | $1.22B | $1.21B | $1.10B | $1.22B | $1.02B | $1.03B | $1.13B | $1.28B | $1.14B | $401M | $506M | $629M | $130M | $726M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $715M | · | $682M | $640M | $602M | · | $525M | |
| Interest Income | $110M | $122M | $128M | $94M | $181M | $117M | $109M | $156M | $202M | $137M | $197M | $154M | $143M | $112M | $92M | $43M | |
| Other Non-op | $97M | $116M | $-69M | $97M | $84M | $70M | $59M | $83M | $82M | $76M | $59M | $62M | $66M | $85M | $148M | $118M | |
| Pretax Income | $674M | $905M | $551M | $630M | $569M | $673M | $459M | $473M | $606M | $774M | $465M | $-65M | $75M | $224M | $-192M | $362M | |
| Income Tax | $-87M | $20M | $-119M | $-220M | $20M | $39M | $-215M | $-106M | $82M | $39M | $-458M | $-416M | $-335M | $-348M | $-709M | $-97M | |
| Net Income | $761M | $885M | $670M | $850M | $549M | $634M | $674M | $579M | $524M | $735M | $923M | $351M | $410M | $572M | $517M | $459M | |
| EPS (Basic) | $0.33 | $0.39 | $0.29 | $0.37 | $0.24 | $0.28 | $0.31 | $0.27 | $0.24 | $0.34 | $0.44 | $0.16 | $0.20 | $0.29 | $0.26 | $0.23 | |
| EPS (Diluted) | $0.33 | $0.39 | $0.29 | $0.37 | $0.24 | $0.28 | $0.30 | $0.27 | $0.24 | $0.34 | $0.43 | $0.16 | $0.19 | $0.27 | $0.24 | $0.21 | |
| Shares (Basic) | 2,202,000,000 | 2,199,000,000 | -4,394,000,000 | 2,198,000,000 | 2,198,000,000 | 2,195,000,000 | -4,267,000,000 | 2,137,000,000 | 2,137,000,000 | 2,134,000,000 | -4,057,000,000 | 2,111,000,000 | 2,019,000,000 | 1,991,000,000 | -3,973,000,000 | 1,987,000,000 | |
| Shares (Diluted) | 2,285,000,000 | 2,281,000,000 | -4,482,000,000 | 2,281,000,000 | 2,203,000,000 | 2,200,000,000 | -4,277,000,000 | 2,143,000,000 | 2,142,000,000 | 2,139,000,000 | -4,273,000,000 | 2,140,000,000 | 2,139,000,000 | 2,132,000,000 | -4,275,000,000 | 2,132,000,000 | |
| EBITDA | $1.26B | $1.47B | · | $1.21B | $1.10B | $1.22B | · | $1.03B | $1.13B | $1.28B | · | $401M | $506M | $629M | · | $726M |
Balance Sheet 22
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $972M | $1.13B | $713M | $404M | $494M | $2.02B | $940M | $895M | $1.31B | $658M | $635M | $589M | $805M | $1.03B | $734M | $262M | |
| Receivables | $1.88B | $1.93B | $2.27B | $2.34B | $2.02B | $2.13B | $2.22B | $2.30B | $1.98B | $2.16B | · | $2.18B | $2.11B | $2.57B | · | $2.73B | |
| Inventory | $70M | $68M | $75M | $74M | $73M | $45M | $52M | $51M | $56M | $44M | · | $66M | $55M | $34M | · | $82M | |
| Other Current Assets | $787M | $704M | $644M | $563M | $452M | $973M | $999M | $2.28B | $1.68B | $1.40B | · | $538M | $648M | $740M | · | $1.10B | |
| Current Assets | $15.40B | $14.80B | $15.83B | $14.39B | $15.16B | $16.89B | $17.22B | $17.55B | $16.74B | $15.23B | · | $12.81B | $12.68B | $12.30B | · | $12.21B | |
| PP&E (Gross) | $133.88B | $131.32B | $128.99B | $125.27B | $123.44B | $120.26B | $118.26B | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $4.39B | $4.21B | $4.24B | $4.42B | $4.22B | $4.02B | $3.85B | $3.75B | $3.47B | $3.24B | · | $3.94B | $3.24B | $3.10B | · | $3.08B | |
| Total Assets | $145.08B | $141.95B | $141.61B | $138.25B | $136.38B | $135.44B | $133.66B | $132.32B | $130.79B | $127.64B | · | $123.01B | $120.70B | $119.61B | · | $117.01B | |
| Short-term Debt | $1.38B | $1.68B | $2.67B | $1.02B | $1.52B | $1.52B | $1.52B | $2.02B | $4.97B | $2.82B | · | $580M | $125M | $1.29B | · | $1.79B | |
| Current Liabilities | $12.67B | $12.35B | $16.30B | $15.29B | $16.18B | $17.82B | $16.33B | $16.88B | $18.54B | $15.45B | · | $15.17B | $13.20B | $14.80B | · | $14.03B | |
| Capital Leases | $394M | $409M | $360M | $375M | $412M | $425M | $439M | $462M | $492M | $505M | · | $540M | $1.47B | $1.47B | · | $996M | |
| Deferred Tax | $4.72B | $4.42B | $4.13B | $3.78B | $3.55B | $3.25B | $3.08B | $2.67B | $2.48B | $2.23B | · | $2.18B | $2.42B | $2.59B | · | $3.22B | |
| Other Non-current Liabilities | $4.89B | $4.82B | $4.46B | $4.79B | $4.60B | $4.39B | $4.17B | $4.23B | $4.13B | $3.87B | · | $4.74B | $4.65B | $4.39B | · | $4.61B | |
| Long-term Debt | $62.84B | $60.77B | $57.39B | $58.30B | $57.65B | $57.36B | $53.57B | $56.88B | $54.24B | $54.34B | · | $53.94B | $53.98B | $52.23B | · | $48.88B | |
| Total Debt | $64.22B | $62.44B | · | $59.33B | $59.17B | $58.88B | · | $58.90B | $59.21B | $57.16B | · | $54.52B | $54.10B | $53.53B | · | $50.68B | |
| Common Stock | $31.64B | $31.61B | $31.64B | $31.59B | $31.56B | $31.53B | $31.55B | $30.40B | $30.38B | $30.36B | · | $31.04B | $31.63B | $32.21B | · | $34.16B | |
| Retained Earnings | $719M | $97M | $-650M | $-1.18B | $-1.95B | $-2.41B | $-2.97B | $-3.56B | $-4.11B | $-4.61B | · | $-6.22B | $-6.57B | $-6.97B | · | $-8.05B | |
| Treasury Stock | · | · | · | · | · | · | · | · | · | $0 | · | $688M | $1.30B | $1.91B | · | $3.84B | |
| AOCI | $-33M | $-31M | $-25M | $-8M | $-4M | $-12M | $-19M | $-10M | $-14M | $-14M | · | $-2M | $0 | $0 | · | $-37M | |
| Stockholders' Equity | $33.90B | $33.25B | $32.54B | $31.98B | $31.19B | $30.68B | $30.15B | $26.83B | $26.25B | $25.73B | · | $24.13B | $23.76B | $23.33B | · | $22.23B | |
| Liabilities + Equity | $145.08B | $141.95B | $141.61B | $138.25B | $136.38B | $135.44B | $133.66B | $132.32B | $130.79B | $127.64B | · | $123.01B | $120.70B | $119.61B | · | $117.01B | |
| Shares Outstanding | 2,202,366,726 | 2,202,224,728 | 2,197,942,874 | 2,197,837,402 | 2,197,837,402 | 2,197,685,013 | 2,193,573,536 | 2,137,544,854 | 2,137,460,355 | 2,137,156,228 | 2,133,597,758 | 2,133,508,181 | 2,062,781,659 | 1,995,774,083 | 1,987,784,948 | 1,987,700,085 |
Cash Flow 9
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $906M | $2.43B | $1.96B | $2.85B | $1.06B | $2.85B | $1.93B | $3.13B | $711M | $2.26B | $477M | $1.81B | $1.27B | $1.19B | $1.01B | $1.07B | |
| CapEx | $2.97B | $3.36B | $3.16B | $2.93B | $3.06B | $2.63B | $2.83B | $2.60B | $2.30B | $2.64B | $2.61B | $2.42B | $2.39B | $2.29B | $2.17B | $2.87B | |
| Investing Cash Flow | $-2.86B | $-3.30B | $-3.07B | $-2.98B | $-3.00B | $-3.26B | $-3.16B | $-2.99B | $-2.29B | $-2.93B | $-2.45B | $-2.29B | $-2.28B | $-2.14B | $-1.90B | $-3.34B | |
| Net Debt Issued | · | $-600M | · | · | · | $0 | · | · | · | $-450M | · | · | · | $-7M | · | · | |
| Dividends Paid | · | · | · | $56M | $55M | $55M | · | $21M | $22M | $21M | · | $0 | $0 | $0 | · | · | |
| Financing Cash Flow | $1.68B | $1.39B | $1.31B | $188M | $256M | $1.61B | $1.21B | $-459M | $2.12B | $757M | $1.94B | $381M | $652M | $1.42B | $1.43B | $2.36B | |
| Net Change in Cash | $-269M | $518M | $200M | $57M | $-1.69B | $1.19B | $-17M | $-322M | $532M | $88M | $-30M | $-100M | $-353M | $468M | $540M | $92M | |
| Free Cash Flow | · | $-926M | · | · | · | $213M | · | · | · | $-377M | · | · | · | $-1.10B | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-1.06B | · | · | · | $-2.64B | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 21.4% | 21.4% | · | 19.3% | 18.6% | 20.4% | · | 17.3% | 18.9% | 21.8% | · | 6.8% | 9.6% | 10.1% | · | 13.5% | |
| Net Margin | 12.9% | 12.9% | · | 13.6% | 9.3% | 10.6% | · | 9.8% | 8.8% | 12.5% | · | 6.0% | 7.8% | 9.2% | · | 8.5% | |
| Pretax Margin | 11.4% | 13.2% | · | 10.1% | 9.7% | 11.2% | · | 8.0% | 10.1% | 13.2% | · | -1.1% | 1.4% | 3.6% | · | 6.7% | |
| EBITDA Margin | 21.4% | 21.4% | · | 19.3% | 18.6% | 20.4% | · | 17.3% | 18.9% | 21.8% | · | 6.8% | 9.6% | 10.1% | · | 13.5% | |
| ROA | 0.54% | 0.64% | · | 0.63% | 0.41% | 0.48% | · | 0.45% | 0.42% | 0.59% | · | 0.29% | 0.35% | 0.51% | · | 0.42% | |
| ROE | 2.3% | 2.8% | · | 2.9% | 1.9% | 2.2% | · | 2.3% | 2.1% | 3.0% | · | 1.5% | 1.8% | 2.6% | · | 2.1% | |
| ROIC | 1.5% | 1.5% | · | 1.8% | 1.2% | 1.3% | · | 1.5% | 1.1% | 1.5% | · | -2.8% | 3.5% | 2.1% | · | 1.3% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.2 | · | 0.9 | 0.9 | 0.9 | · | 1.0 | 0.9 | 1.0 | · | 0.8 | 1.0 | 0.8 | · | 0.9 | |
| Quick Ratio | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Debt / Equity | 1.9 | 1.9 | · | 1.9 | 1.9 | 1.9 | · | 2.2 | 2.3 | 2.2 | · | 2.3 | 2.3 | 2.3 | · | 2.3 | |
| LT Debt / Equity | 1.8 | 1.8 | · | 1.7 | 1.7 | 1.7 | · | 2.0 | 2.0 | 2.1 | · | 2.1 | 2.1 | 2.1 | · | 2.2 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 1.8 | · | 0.6 | 0.8 | 1.0 | · | 1.4 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.1 | · | 0.0 | |
| Receivables Turnover | 3.0 | 3.4 | · | 2.7 | 2.9 | 2.8 | · | 2.7 | 2.9 | 2.5 | · | 2.4 | 2.5 | 2.7 | · | 2.4 |
Valuation (TTM) 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $24.93B | $25.01B | · | $24.07B | $23.81B | $23.77B | · | $23.68B | $23.02B | $23.25B | · | $22.78B | $22.01B | $22.52B | · | $21.77B | |
| Net Income TTM | $3.04B | $2.92B | · | $2.61B | $2.29B | $2.47B | · | $2.19B | $2.02B | $2.07B | · | $1.79B | $1.80B | $1.87B | · | $209M | |
| Market Cap | $37.04B | $38.69B | · | $33.14B | $30.64B | $37.76B | · | $42.26B | $37.32B | $35.82B | · | $34.41B | $35.64B | $32.27B | · | $24.85B | |
| Enterprise Value | $100.29B | $100.01B | · | $92.06B | $89.31B | $94.62B | · | $100.26B | $95.22B | $92.32B | · | $88.35B | $88.94B | $84.77B | · | $75.26B | |
| P/E | 12.6 | 13.7 | · | 13.0 | 13.5 | 15.2 | · | 19.6 | 18.8 | 17.5 | · | 19.4 | 20.6 | 18.6 | · | 250.0 | |
| P/S | 1.5 | 1.5 | · | 1.4 | 1.3 | 1.6 | · | 1.8 | 1.6 | 1.5 | · | 1.5 | 1.6 | 1.4 | · | 1.1 | |
| P/B | 1.1 | 1.2 | · | 1.0 | 1.0 | 1.2 | · | 1.6 | 1.4 | 1.4 | · | 1.4 | 1.5 | 1.4 | · | 1.1 | |
| P / Tangible Book | 1.1 | 1.2 | · | 1.0 | 1.0 | 1.2 | · | 1.6 | 1.4 | 1.4 | · | 1.4 | 1.5 | 1.4 | · | 1.1 | |
| P / Cash Flow | · | 15.9 | · | · | · | 13.3 | · | · | · | 15.8 | · | · | · | 27.2 | · | · | |
| P / FCF | · | -41.8 | · | · | · | 177.3 | · | · | · | -95.0 | · | · | · | -29.3 | · | · | |
| EV / EBITDA | 79.4 | 68.0 | · | 76.1 | 81.5 | 77.6 | · | 97.4 | 84.0 | 72.4 | · | 220.3 | 175.8 | 134.8 | · | 103.7 | |
| EV / FCF | · | -108.0 | · | · | · | 444.2 | · | · | · | -244.9 | · | · | · | -76.9 | · | · | |
| EV / Revenue | 4.0 | 4.0 | · | 3.8 | 3.8 | 4.0 | · | 4.2 | 4.1 | 4.0 | · | 3.9 | 4.0 | 3.8 | · | 3.5 | |
| Earnings Yield | 7.9% | 7.3% | · | 7.7% | 7.4% | 6.6% | · | 5.1% | 5.3% | 5.7% | · | 5.1% | 4.9% | 5.4% | · | 0.40% | |
| Payout Ratio | · | · | · | · | · | 8.7% | · | · | · | 2.9% | · | · | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $24.93B | $24.42B | $24.43B | $21.68B | $20.64B |
| Operating Margin % | 19.1% | 18.3% | 10.9% | 8.5% | 9.1% |
| Net Income | $2.70B | $2.51B | $2.26B | $1.81B | $-88M |
| Diluted EPS | $1.18 | $1.15 | $1.05 | $0.84 | $-0.05 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.9 | 1.9 | 2.2 | 2.3 | 2.1 |
| Current Ratio | 1.0 | 1.1 | 0.8 | 0.8 | 0.6 |
| Quick Ratio | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-3.07B | $-2.33B | $-4.97B | $-5.86B | $-5.43B |
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Institutional owners (13F) 1,063 filers · $23.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 134 (-16 vs prior Q) | 73 (-10 vs prior Q) | 411 (-3 vs prior Q) | 316 (+41 vs prior Q) | +479.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $2,389,051,979 | 142,036,384 | 10.16% | Shares |
| STATE STREET CORP | $2,167,422,246 | 128,484,925 | 9.22% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,865,082,992 | 110,884,839 | 7.93% | Shares |
| FMR LLC | $1,324,050,343 | 78,718,807 | 5.63% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,045,918,158 | 59,768,195 | 4.45% | Shares |
| AMERIPRISE FINANCIAL INC | $598,535,061 | 35,595,125 | 2.55% | Shares |
| NORGES BANK | $538,172,300 | 31,995,975 | 2.29% | Shares |
| PointState Capital LP | $529,830,000 | 31,500,000 | 2.25% | Call option |
| Sessa Capital IM, L.P. | $413,403,659 | 24,578,101 | 1.76% | Shares |
| PointState Capital LP | $341,000,606 | 20,273,520 | 1.45% | Shares |
| TWO SIGMA INVESTMENTS, LP | $328,192,715 | 19,512,052 | 1.40% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $320,819,903 | 19,073,716 | 1.36% | Shares |
| NOMURA HOLDINGS INC | $310,608,212 | 18,466,600 | 1.32% | Call option |
| Gallagher Fiduciary Advisors, LLC | $300,893,950 | 38,625,667 | 1.28% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $263,524,356 | 15,667,322 | 1.12% | Shares |
| ATLAS Infrastructure Partners (UK) Ltd. | $262,883,783 | 15,629,238 | 1.12% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $236,925,477 | 14,085,938 | 1.01% | Shares |
| Sixth Street Partners Management Company, L.P. | $228,908,224 | 13,609,288 | 0.97% | Shares |
| MACKENZIE FINANCIAL CORP | $223,344,605 | 13,278,514 | 0.95% | Shares |
| Clearbridge Investments, LLC | $210,813,647 | 12,533,511 | 0.90% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $207,195,152 | 12,318,380 | 0.88% | Shares |
| Capital Research Global Investors | $201,615,999 | 11,985,839 | 0.86% | Shares |
| Eurizon Capital SGR S.p.A. | $195,241,419 | 11,572,384 | 0.83% | Shares |
| MILLENNIUM MANAGEMENT LLC | $188,033,892 | 11,179,185 | 0.80% | Shares |
| JANE STREET GROUP, LLC | $186,971,120 | 11,116,000 | 0.80% | Call option |
| Pictet Asset Management Holding SA | $172,916,974 | 10,280,065 | 0.74% | Shares |
| Zimmer Partners, LP | $166,250,814 | 9,884,115 | 0.71% | Shares |
| CITADEL ADVISORS LLC | $151,007,403 | 8,977,848 | 0.64% | Shares |
| Balyasny Asset Management L.P. | $149,593,329 | 8,893,777 | 0.64% | Shares |
| Covalis Capital LLP | $147,545,444 | 8,772,024 | 0.63% | Shares |
| JENNISON ASSOCIATES LLC | $145,889,448 | 8,673,570 | 0.62% | Shares |
| 140 Summer Partners LP | $143,848,004 | 8,552,200 | 0.61% | Call option |
| Qube Research & Technologies Ltd | $143,027,255 | 8,503,404 | 0.61% | Shares |
| ECP ControlCo, LLC | $119,837,790 | 7,124,720 | 0.51% | Shares |
| BlackRock, Inc. | $105,827,504 | 6,291,766 | 0.45% | Shares |
| Swiss National Bank | $104,474,066 | 6,211,300 | 0.44% | Shares |
| CITIGROUP INC | $102,928,308 | 6,119,400 | 0.44% | Call option |
| DIMENSIONAL FUND ADVISORS LP | $101,365,165 | 6,026,467 | 0.43% | Shares |
| Bridgewater Associates, LP | $99,764,701 | 5,931,314 | 0.42% | Shares |
| DME Capital Management, LP | $94,092,627 | 5,594,092 | 0.40% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $91,462,114 | 5,437,700 | 0.39% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $90,898,005 | 5,404,162 | 0.39% | Shares |
| LOCUST WOOD CAPITAL ADVISERS, LLC | $89,310,796 | 5,309,798 | 0.38% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $88,809,600 | 5,280,000 | 0.38% | Call option |
| BARCLAYS PLC | $87,942,631 | 5,228,456 | 0.37% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $87,519,153 | 5,203,279 | 0.37% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $86,927,408 | 5,168,098 | 0.37% | Shares |
| PRUDENTIAL FINANCIAL INC | $85,567,663 | 5,087,257 | 0.36% | Shares |
| National Pension Service | $83,947,594 | 4,990,939 | 0.36% | Shares |
| Brookfield Corp /ON/ | $83,212,947 | 4,947,262 | 0.35% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $81,514,000 | 4,846,268 | 0.35% | Shares |
| California Public Employees Retirement System | $79,620,262 | 4,733,666 | 0.34% | Shares |
| Vanguard Global Advisers, LLC | $79,619,001 | 4,733,591 | 0.34% | Shares |
| Owl Creek Asset Management, L.P. | $79,497,846 | 4,726,388 | 0.34% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $79,463,079 | 4,724,321 | 0.34% | Shares |
| Legal & General Group Plc | $76,944,369 | 4,574,576 | 0.33% | Shares |
| Danica Pension, Livsforsikringsaktieselskab | $76,720,595 | 4,561,272 | 0.33% | Shares |
| Rokos Capital Management LLP | $76,201,729 | 4,531,771 | 0.32% | Shares |
| RHUMBLINE ADVISERS | $74,623,499 | 4,436,600 | 0.32% | Shares |
| Ensign Peak Advisors, Inc | $74,076,390 | 4,404,066 | 0.32% | Shares |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | $73,249,839 | 4,354,925 | 0.31% | Shares |
| IEQ CAPITAL, LLC | $72,738,576 | 4,324,529 | 0.31% | Shares |
| CITADEL ADVISORS LLC | $72,112,386 | 4,287,300 | 0.31% | Call option |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $69,547,506 | 4,134,810 | 0.30% | Shares |
| Aberdeen Group plc | $68,452,236 | 4,069,693 | 0.29% | Shares |
| TUDOR INVESTMENT CORP ET AL | $68,263,415 | 4,058,467 | 0.29% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $66,111,834 | 3,930,549 | 0.28% | Shares |
| Point72 Asset Management, L.P. | $64,590,078 | 3,840,076 | 0.27% | Shares |
| BANK OF AMERICA CORP /DE/ | $64,463,306 | 3,832,539 | 0.27% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $64,279,682 | 3,821,622 | 0.27% | Shares |
| Squarepoint Ops LLC | $63,321,934 | 3,764,681 | 0.27% | Shares |
| Electron Capital Partners, LLC | $61,887,844 | 3,679,420 | 0.26% | Shares |
| BANK OF NOVA SCOTIA | $61,711,218 | 3,668,919 | 0.26% | Shares |
| Caisse de depot et placement du Quebec | $59,232,252 | 3,521,537 | 0.25% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $57,108,256 | 3,395,259 | 0.24% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $57,090,447 | 3,249,314 | 0.24% | Shares |
| GOLDMAN SACHS GROUP INC | $53,740,053 | 3,195,009 | 0.23% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $52,648,569 | 3,130,117 | 0.22% | Shares |
| NOMURA HOLDINGS INC | $52,199,339 | 3,103,409 | 0.22% | Shares |
| Portman Square Capital LLP | $52,197,506 | 3,103,300 | 0.22% | Put option |
| FIRST TRUST ADVISORS LP | $52,154,163 | 3,100,723 | 0.22% | Shares |
| Balyasny Asset Management L.P. | $50,609,698 | 3,008,900 | 0.22% | Call option |
| Focus Partners Wealth | $49,587,023 | 2,947,922 | 0.21% | Shares |
| Mariner, LLC | $48,826,356 | 2,902,564 | 0.21% | Shares |
| ALLIANCEBERNSTEIN L.P. | $48,078,074 | 2,736,373 | 0.20% | Shares |
| Nuveen Asset Management, LLC | $47,829,324 | 2,370,135 | 0.20% | Shares |
| JANE STREET GROUP, LLC | $45,519,293 | 2,706,260 | 0.19% | Shares |
| UBS Group AG | $44,482,172 | 2,644,600 | 0.19% | Call option |
| UniSuper Management Pty Ltd | $43,481,382 | 2,585,100 | 0.18% | Shares |
| NATIXIS | $43,342,365 | 2,576,835 | 0.18% | Shares |
| MUFG Securities EMEA plc | $41,433,867 | 2,463,369 | 0.18% | Shares |
| CWM, LLC | $41,322,486 | 2,351,877 | 0.18% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $41,197,226 | 2,449,300 | 0.18% | Put option |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $41,033,769 | 2,439,582 | 0.17% | Shares |
| MANGROVE PARTNERS IM, LLC | $40,597,004 | 2,413,615 | 0.17% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $39,692,140 | 1,663,882 | 0.17% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $39,046,436 | 2,321,429 | 0.17% | Shares |
| Korea Investment CORP | $38,823,689 | 2,308,186 | 0.17% | Shares |
| DNB Asset Management AS | $38,802,277 | 2,306,913 | 0.17% | Shares |
| Life Cycle Investment Partners Ltd | $37,448,317 | 2,226,416 | 0.16% | Shares |
Company insiders 92 insiders · 39 officers · 45 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Patricia K Poppe | Chief Executive Officer | March 3, 2025 A | 216,921 | 0 | 0 | $0 |
| William D Johnson | CEO and President | March 6, 2020 A | 139,718 | 0 | 0 | $0 |
| Andrew Vesey | CEO & Pres, Pacific Gas & Elec | Feb. 21, 2020 F | 37,206 | 0 | 0 | $0 |
| Geisha J Williams | CEO and President | Aug. 17, 2018 G | 61,361 | 0 | 0 | $0 |
| Peter A Darbee | Chairman, President and CEO | March 7, 2011 S | 201,796 | 0 | 0 | $0 |
| Nancy E Mcfadden | SVP and Sr. Advisor to CEO | March 10, 2010 A | 12,789 | 0 | 0 | $0 |
| William T Morrow | President & CEO of Utility | July 16, 2008 D | 60,258 | 0 | 0 | $0 |
| Carolyn Jeanne Burke | EVP and CFO | March 16, 2025 F | 48,004 | 0 | 0 | $0 |
| Christopher A Foster | EVP & Chief Financial Officer | March 22, 2023 F | 61,472 | 0 | 0 | $0 |
| Jason P. Wells | EVP and CFO | Aug. 16, 2020 A | 148,668 | 0 | 0 | $0 |
| Thomas B King | President | July 11, 2007 D | 17,898 | 0 | 0 | $0 |
| Sumeet Singh | EVP, Ops &COO at PG&E Company | March 3, 2025 A | 231,733 | 0 | 0 | $0 |
| Alejandro T Vallejo | EVP, Chief People Officer | Aug. 1, 2026 F | 70,143 | 0 | 0 | $0 |
| Carla J Peterman | President, EVP Cust&Corp Afrs | June 15, 2026 S | 163,305 | 0 | 1 | $-530,190 |
| Kaled Awada | EVP, Chief People Officer | March 14, 2025 A | 79,955 | 0 | 0 | $0 |
| Stephanie N Williams | VP and Controller | March 6, 2025 S | 22,915 | 0 | 0 | $0 |
| Ajay Waghray | EVP & Chf Information Ofc | March 3, 2025 A | 174,786 | 0 | 0 | $0 |
| John R Simon | EVP, GC, Chief E&C Officer | March 3, 2025 A | 104,404 | 0 | 0 | $0 |
| Julius Cox | EVP/Ppl, Shrd Svcs & Spply Chn | March 1, 2023 F | 40,316 | 0 | 0 | $0 |
| David S. Thomason | VP and Controller | March 1, 2021 F | 7,967 | 0 | 0 | $0 |
| Michael A Lewis | Interim Pres, PacificGas&Elec | Aug. 1, 2020 F | 2,240 | 0 | 0 | $0 |
| Janet C. Loduca | SVP, General Counsel | March 2, 2020 F | 21,056 | 0 | 0 | $0 |
| Julie Kane | SVP, Chief Compliance Officer | March 1, 2019 F | 15,181 | 0 | 0 | $0 |
| Dinyar B Mistry | SVP HR | March 1, 2019 F | 27,648 | 0 | 0 | $0 |
| Hyun Park | SVP & Special Cnsl to Chairman | May 5, 2017 A | 19,026 | 0 | 0 | $0 |
| Anthony F Earley JR | Executive Chair | May 5, 2017 A | 365,166 | 0 | 0 | $0 |
| Kent M Harvey | SVP, Finance | March 4, 2016 S | 25,422 | 0 | 0 | $0 |
| Helen A Burt | SVP, Ext. Affairs & Pub.Policy | March 1, 2016 F | 38,052 | 0 | 0 | $0 |
| Greg S Pruett | SVP, Corporate Affairs | March 6, 2014 S | 24,602 | 0 | 0 | $0 |
| Rand L Rosenberg | SVP Corp. Strategy & Dev. | March 4, 2011 S | 30,156 | 0 | 0 | $0 |
| Stephen J Cairns | Vice President and Controller | March 4, 2010 S | 5,956 | 0 | 0 | $0 |
| Robert G Powell | Vice President and Controller | Jan. 2, 2008 S | 4,773 | 0 | 0 | $0 |
| Leslie H Everett | SVP, Comm. & Public Affairs | Jan. 4, 2007 S | 14,040 | 0 | 0 | $0 |
| Russell M Jackson | SVP, Human Resources | Jan. 3, 2007 M | 11,079 | 0 | 0 | $0 |
| Bruce R Worthington | SVP and General Counsel | Aug. 29, 2006 M | 19,457 | 0 | 0 | $0 |
| Daniel D Richard JR | SVP - Pub Policy & Gov Affairs | Jan. 3, 2006 D | 18,673 | 0 | 0 | $0 |
| Gordon R Smith | Senior Vice President | Aug. 16, 2005 M | 12,534 | 0 | 0 | $0 |
| Brent G Stanley | SVP - Human Resources | Jan. 2, 2004 I | 29,270 | 0 | 0 | $0 |
| Chrisman P Iribe | Senior Vice President | Aug. 8, 2003 A | — | 0 | 0 | $0 |
| Kerry Whorton Cooper | Director | July 22, 2026 S | 88,475 | 0 | 2 | $-43,125 |
| Leo P Denault | Director | June 30, 2026 A | 16,875 | 0 | 0 | $0 |
| Iii Mark E Ferguson | Director | June 5, 2026 G | 10,675 | 0 | 0 | $0 |
| Edward G Cannizzaro | Director | May 22, 2025 A | 31,183 | 0 | 0 | $0 |
| Arno Lockheart Harris | Director | May 22, 2025 A | 68,952 | 0 | 0 | $0 |
| William Craig Fugate | Director | May 22, 2025 A | 68,953 | 0 | 0 | $0 |
| Benjamin Francis Wilson | Director | May 22, 2025 A | 69,133 | 0 | 0 | $0 |
| Cheryl F. Campbell | Director | May 22, 2025 A | 74,457 | 0 | 0 | $0 |
| Jessica Denecour | Director | May 22, 2025 A | 70,429 | 0 | 0 | $0 |
| John O Larsen | Director | May 22, 2025 A | 10,575 | 0 | 0 | $0 |
| William Lloyd Smith | Director | May 22, 2025 A | 242,364 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 26 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| PG&E Fire Victim Trust, Cathy Yanni, solely in her capacity as Trustee of the PG&E Fire Victim Trust ×10 filings | July 14, 2023 | — | Initial filing | — | SEC |
| March 31, 2020 | — | Initial filing | — | SEC | |
| March 31, 2020 | — | Initial filing | — | SEC | |
| March 2, 2020 | — | Initial filing | — | SEC | |
| March 2, 2020 | — | Initial filing | — | SEC | |
| Jan. 23, 2020 | — | Initial filing | — | SEC | |
| Knighthead Capital Management, LLC ×4 filings | Jan. 23, 2020 | — | Initial filing | — | SEC |
| Dec. 27, 2019 | — | Initial filing | — | SEC | |
| Dec. 27, 2019 | — | Initial filing | — | SEC | |
| Dec. 17, 2019 | — | Initial filing | — | SEC | |
| Dec. 17, 2019 | — | Initial filing | — | SEC | |
| Dec. 11, 2019 | — | Initial filing | — | SEC | |
| Dec. 11, 2019 | — | Initial filing | — | SEC | |
| Nov. 18, 2019 | — | Initial filing | — | SEC | |
| Sept. 13, 2019 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 175 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FXU · First Trust Exchange-Traded AlphaDE… | 3.93% | 2,121,198 NS | April 30, 2026 | N-PORT |
| RSPU · Invesco Exchange-Traded Fund Trust | 3.39% | 1,034,362 SH | Aug. 8, 2026 | Daily |
| ADPV · Series Portfolios Trust | 3.32% | 342,701 NS | April 30, 2026 | N-PORT |
| PUI · Invesco Exchange-Traded Fund Trust | 2.62% | 81,978 SH | Aug. 8, 2026 | Daily |
| NUKZ · EXCHANGE TRADED CONCEPTS TRUST | 2.47% | 1,344,080 NS | May 31, 2026 | N-PORT |
| VPU · VANGUARD WORLD FUND | 2.36% | 15,076,296 SH | Aug. 8, 2026 | Daily |
| IDU · iShares Trust | 2.34% | 1,871,478 SH | Aug. 8, 2026 | Daily |
| FUTY · FIDELITY COVINGTON TRUST | 2.28% | 3,367,497 NS | April 30, 2026 | N-PORT |
| UPW · ProShares Trust | 1.94% | 22,855 NS | May 31, 2026 | N-PORT |
| BRNY · EA Series Trust | 1.72% | 571,084 NS | April 30, 2026 | N-PORT |
| JXI · iShares Trust | 1.69% | 303,846 SH | Aug. 8, 2026 | Daily |
| TOLZ · ProShares Trust | 1.65% | 175,594 NS | May 31, 2026 | N-PORT |
| UTSL · Direxion Shares ETF Trust | 1.56% | 40,793 NS | April 30, 2026 | N-PORT |
| LQAI · Exchange Listed Funds Trust | 1.46% | 1,857 NS | April 30, 2026 | N-PORT |
| POWR · iShares, Inc. | 1.45% | 388,388 SH | Aug. 8, 2026 | Daily |
| BRCE · MFS Active Exchange Traded Funds Tr… | 1.29% | 26,312 NS | May 31, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 1.08% | 29,564,001 | Aug. 8, 2026 | Daily |
| IFRA · iShares Trust | 1.04% | 2,816,955 SH | Aug. 8, 2026 | Daily |
| IGF · iShares Trust | 1.02% | 6,390,835 SH | Aug. 8, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 1.01% | 49,541,000 SH | Aug. 8, 2026 | Daily |
| IQRA · New York Life Investments Active ET… | 0.99% | 4,133 NS | April 30, 2026 | N-PORT |
| MMID · MFS Active Exchange Traded Funds Tr… | 0.92% | 19,152 NS | May 31, 2026 | N-PORT |
| AIPO · Tidal Trust II | 0.91% | 419,339 NS | May 31, 2026 | N-PORT |
| VRP · Invesco Exchange-Traded Fund Trust … | 0.90% | 26,295,000 | Aug. 8, 2026 | Daily |
| FBCV · FIDELITY COVINGTON TRUST | 0.86% | 82,209 NS | April 30, 2026 | N-PORT |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.82% | 644,211 NS | April 30, 2026 | N-PORT |
| RPV · Invesco Exchange-Traded Fund Trust | 0.82% | 803,120 SH | Aug. 8, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.80% | 28,679,000 | Aug. 8, 2026 | Daily |
| FFLV · FIDELITY COVINGTON TRUST | 0.79% | 8,250 NS | April 30, 2026 | N-PORT |
| POW · Tidal Trust III | 0.78% | 32,282 NS | May 31, 2026 | N-PORT |
| VGMS · VANGUARD MALVERN FUNDS | 0.69% | 1,585,000 PA | Aug. 8, 2026 | Daily |
| LGDX · Tidal Trust III | 0.69% | 57,019 NS | April 30, 2026 | N-PORT |
| PFF · iShares Trust | 0.68% | 2,269,075 SH | Aug. 8, 2026 | Daily |
| CGMM · Capital Group Equity ETF Trust I | 0.62% | 1,062,046 NS | May 31, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 0.62% | 13,772,238 SH | Aug. 8, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | 0.54% | 5,245,000 PA | Aug. 8, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | 0.53% | 65,045,000 PA | Aug. 8, 2026 | Daily |
| VLUE · iShares Trust | 0.52% | 2,902,271 SH | Aug. 8, 2026 | Daily |
| IMCV · iShares Trust | 0.52% | 350,260 SH | Aug. 8, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.51% | 14,413,000 | Aug. 8, 2026 | Daily |
| FFSM · FIDELITY COVINGTON TRUST | 0.48% | 370,155 NS | April 30, 2026 | N-PORT |
| EMLP · First Trust Exchange-Traded Fund IV | 0.42% | 1,036,477 NS | April 30, 2026 | N-PORT |
| REVS · Columbia ETF Trust I | 0.42% | 71,919 NS | April 30, 2026 | N-PORT |
| GTO · Invesco Actively Managed Exchange-T… | 0.41% | 12,228,000 | Aug. 8, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.41% | 33,979 NS | April 30, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.39% | 349,600 NS | April 30, 2026 | N-PORT |
| VCSH · VANGUARD SCOTTSDALE FUNDS | 0.38% | 208,807,391 PA | Aug. 8, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | 0.37% | 6,742,000 PA | Aug. 8, 2026 | Daily |
| ABCS · EA Series Trust | 0.36% | 2,506 NS | May 29, 2026 | N-PORT |
| IWS · iShares Trust | 0.36% | 3,310,383 SH | Aug. 8, 2026 | Daily |