AES vs. PCG: AES vs. PG&E Stock Comparison

November 11, 2026

How do AES (AES) and PG&E (PCG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

AES (AES) and PG&E (PCG) both fall under the Utilities industry group, but AES is classified in Independent Power and Renewable Electricity Producers while PCG is classified in Electric Utilities.

Company profile comparison for AES (AES) and PG&E (PCG)
Profile Item	AES	PCG
Name	The AES Corporation	PG&E Corporation
Country/Region	United States	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Independent Power and Renewable Electricity Producers	Electric Utilities
GICS Sub-Industry	Independent Power Producers & Energy Traders	Electric Utilities
Market Capitalization	10.61 billion USD	28.57 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 26, 1991	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AES

PCG

GSPC

AES (AES) vs. PG&E (PCG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for AES (AES) and PG&E (PCG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for AES (AES) and PG&E (PCG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for AES (AES) and PG&E (PCG)
Metric	AES	PCG
Total Return (1Y)	10.79%	-19.03%
Total Return (3Y, Annualized)	3.44%	-6.50%
Total Return (5Y, Annualized)	-5.12%	2.05%

Risk Profile

Drawdown History

AES

PCG

GSPC

AES (AES) vs. PG&E (PCG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for AES (AES) and PG&E (PCG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for AES (AES) and PG&E (PCG)
Metric	AES	PCG
Volatility (1Y, Annualized)	25.19%	34.84%
Beta (5Y)	0.93	0.17
Max Drawdown (5Y)	-63.43%	-43.92%
Avg. Volume (3M)	8.50M	39.33M

Risk-Adjusted Performance

Risk-Return Positioning

AES and PCG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for AES (AES) and PG&E (PCG)
Metric	AES	PCG
Sharpe Ratio (1Y)	0.26	-0.67
Sortino Ratio (1Y)	0.33	-0.81

Profitability

ROE (TTM)

Both AES (AES) at 8.68% and PG&E (PCG) at 8.89% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

AES

Utilities industry group

8.68%

Max: 17.99%
Q3: 12.01%
Median: 9.44%
AES: 8.68%
Q1: 7.56%
Min: 2.17%

PCG

Utilities industry group

8.89%

Max: 17.99%
Q3: 12.01%
Median: 9.44%
PCG: 8.89%
Q1: 7.56%
Min: 2.17%

AES (AES) vs. PG&E (PCG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both AES (AES) at 13.16% and PG&E (PCG) at 11.57% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

AES

Utilities industry group

13.16%

Max: 28.78%
Q3: 17.30%
AES: 13.16%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

PCG

Utilities industry group

11.57%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
PCG: 11.57%
Q1: 9.18%
Min: -0.20%

AES (AES) vs. PG&E (PCG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both AES (AES) at 23.89% and PG&E (PCG) at 23.64% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

AES

Utilities industry group

23.89%

Max: 53.83%
Q3: 31.12%
AES: 23.89%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

PCG

Utilities industry group

23.64%

Max: 53.83%
Q3: 31.12%
PCG: 23.64%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

AES (AES) vs. PG&E (PCG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for AES (AES) and PG&E (PCG)
Metric	AES	PCG
ROE (TTM)	8.68%	8.89%
ROA (TTM)	3.13%	2.59%
Net Margin (TTM)	13.16%	11.57%
Operating Margin (TTM)	23.89%	23.64%
Gross Margin (TTM)	21.34%	40.57%

Growth

Revenue Growth

Both AES (AES) at -0.37% and PG&E (PCG) at 2.11% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

AES (AES) vs. PG&E (PCG): A comparison of their Revenue Growth across different time periods.

EPS Growth

PG&E (PCG) at 2.61% is around its peer norm for EPS growth, while AES (AES) at -46.61% drops into the bottom quartile, signaling weaker earnings momentum.

AES (AES) vs. PG&E (PCG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for AES (AES) and PG&E (PCG)
Metric	AES	PCG
Revenue Growth (YoY)	-0.37%	2.11%
Revenue Growth (3Y CAGR)	-1.03%	4.77%
EPS Growth (YoY)	-46.61%	2.61%
EPS Growth (3Y CAGR)	--	12.00%

Financial Strength

Current Ratio (MRQ)

Both AES (AES) at 0.86 and PG&E (PCG) at 1.03 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

AES

Utilities industry group

0.86

Max: 1.90
Q3: 1.17
Median: 0.88
AES: 0.86
Q1: 0.66
Min: 0.29

PCG

Utilities industry group

1.03

Max: 1.90
Q3: 1.17
PCG: 1.03
Median: 0.88
Q1: 0.66
Min: 0.29

AES (AES) vs. PG&E (PCG): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both AES (AES) at 2.43 and PG&E (PCG) at 1.88 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

AES

Utilities industry group

2.43

Max: 2.63
AES: 2.43
Q3: 1.77
Median: 1.35
Q1: 0.84
Min: 0.00

PCG

Utilities industry group

1.88

Max: 2.63
PCG: 1.88
Q3: 1.77
Median: 1.35
Q1: 0.84
Min: 0.00

AES (AES) vs. PG&E (PCG): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for AES (AES) and PG&E (PCG)
Metric	AES	PCG
Current Ratio (MRQ)	0.86	1.03
Debt / Equity (MRQ)	2.43	1.88
Net Debt / EBITDA	7.28	6.05

Dividends

Dividend Yield (TTM)

AES (AES) at 4.73% delivers top-quartile income for its industry, while PG&E (PCG) at 1.51% pays a more typical yield — both are credible income propositions, AES the richer one.

AES

Utilities industry group

4.73%

Max: 6.66%
AES: 4.73%
Q3: 3.58%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

PCG

Utilities industry group

1.51%

Max: 6.66%
Q3: 3.58%
Median: 2.85%
PCG: 1.51%
Q1: 0.66%
Min: 0.00%

AES (AES) vs. PG&E (PCG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both AES (AES) at 28.27% and PG&E (PCG) at 14.81% pay out less of their earnings than their industries typically do, keeping retention high — common for businesses prioritizing reinvestment.

AES

Utilities industry group

28.27%

Max: 113.04%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
AES: 28.27%
Min: 0.00%

PCG

Utilities industry group

14.81%

Max: 113.04%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
PCG: 14.81%
Min: 0.00%

AES (AES) vs. PG&E (PCG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for AES (AES) and PG&E (PCG)
Metric	AES	PCG
Dividend Yield (TTM)	4.73%	1.51%
Dividend Payout Ratio (TTM)	28.27%	14.81%

Valuation

P/E Ratio (TTM)

Both AES (AES) at 5.97 and PG&E (PCG) at 9.61 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

AES

Utilities industry group

5.97

Max: 31.22
Q3: 23.30
Median: 19.64
Q1: 15.17
AES: 5.97
Min: 3.34

PCG

Utilities industry group

9.61

Max: 31.22
Q3: 23.30
Median: 19.64
Q1: 15.17
PCG: 9.61
Min: 3.34

AES (AES) vs. PG&E (PCG): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

Both AES (AES) at 0.78 and PG&E (PCG) at 1.11 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

AES

Utilities industry group

0.78

Max: 6.35
Q3: 3.63
Median: 2.63
Q1: 1.52
AES: 0.78
Min: 0.00

PCG

Utilities industry group

1.11

Max: 6.35
Q3: 3.63
Median: 2.63
Q1: 1.52
PCG: 1.11
Min: 0.00

AES (AES) vs. PG&E (PCG): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

PG&E (PCG) at 0.87 sits in the lower P/B ratio quartile against book while AES (AES) at 1.86 is valued near its industry’s middle — PCG is cheaper on assets, though weigh it against ROE and asset quality.

AES

Utilities industry group

1.86

Max: 3.12
Q3: 2.21
AES: 1.86
Median: 1.83
Q1: 1.46
Min: 0.34

PCG

Utilities industry group

0.87

Max: 3.12
Q3: 2.21
Median: 1.83
Q1: 1.46
PCG: 0.87
Min: 0.34

AES (AES) vs. PG&E (PCG): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for AES (AES) and PG&E (PCG)
Metric	AES	PCG
P/E Ratio (TTM)	5.97	9.61
P/S Ratio (TTM)	0.78	1.11
P/B Ratio (MRQ)	1.86	0.87
Free Cash Flow Yield (TTM)	-30.54%	-22.73%