FE vs. PCG: FirstEnergy vs. PG&E Stock Comparison

November 11, 2026

How do FirstEnergy (FE) 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

FirstEnergy (FE) and PG&E (PCG) are both classified in the Electric Utilities sub-industry within the broader Electric Utilities industry, placing them in the closest GICS peer bucket.

Company profile comparison for FirstEnergy (FE) and PG&E (PCG)
Profile Item	FE	PCG
Name	FirstEnergy Corp.	PG&E Corporation
Country/Region	United States	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Electric Utilities	Electric Utilities
GICS Sub-Industry	Electric Utilities	Electric Utilities
Market Capitalization	26.88 billion USD	28.57 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 10, 1997	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

PCG

GSPC

FirstEnergy (FE) 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 FirstEnergy (FE) and PG&E (PCG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for FirstEnergy (FE) and PG&E (PCG)
Metric	FE	PCG
Total Return (1Y)	5.62%	-19.03%
Total Return (3Y, Annualized)	14.20%	-6.50%
Total Return (5Y, Annualized)	8.32%	2.05%

Risk Profile

Drawdown History

PCG

GSPC

FirstEnergy (FE) 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 FirstEnergy (FE) and PG&E (PCG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for FirstEnergy (FE) and PG&E (PCG)
Metric	FE	PCG
Volatility (1Y, Annualized)	16.31%	34.84%
Beta (5Y)	0.39	0.17
Max Drawdown (5Y)	-28.59%	-43.92%
Avg. Volume (3M)	4.29M	39.33M

Risk-Adjusted Performance

Risk-Return Positioning

FE 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 FirstEnergy (FE) and PG&E (PCG)
Metric	FE	PCG
Sharpe Ratio (1Y)	0.08	-0.67
Sortino Ratio (1Y)	0.11	-0.81

Profitability

ROE (TTM)

Both FirstEnergy (FE) at 10.04% 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.

FE

Utilities industry group

10.04%

Max: 17.99%
Q3: 12.01%
FE: 10.04%
Median: 9.44%
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%

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

Net Margin (TTM)

PG&E (PCG) at 11.57% keeps about the industry-typical share of revenue as profit, while FirstEnergy (FE) at 7.49% retains only a bottom-quartile share.

FE

Utilities industry group

7.49%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
Q1: 9.18%
FE: 7.49%
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%

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

Operating Margin (TTM)

Both FirstEnergy (FE) at 21.24% and PG&E (PCG) at 23.64% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FE

Utilities industry group

21.24%

Max: 53.83%
Q3: 31.12%
Median: 23.62%
FE: 21.24%
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%

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

Profitability Metrics

Profitability metrics for FirstEnergy (FE) and PG&E (PCG)
Metric	FE	PCG
ROE (TTM)	10.04%	8.89%
ROA (TTM)	3.66%	2.59%
Net Margin (TTM)	7.49%	11.57%
Operating Margin (TTM)	21.24%	23.64%
Gross Margin (TTM)	69.63%	40.57%

Growth

Revenue Growth

FirstEnergy (FE) at 12.01% is around its peer norm for revenue growth, while PG&E (PCG) at 2.11% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

Both FirstEnergy (FE) at 3.53% and PG&E (PCG) at 2.61% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for FirstEnergy (FE) and PG&E (PCG)
Metric	FE	PCG
Revenue Growth (YoY)	12.01%	2.11%
Revenue Growth (3Y CAGR)	6.59%	4.77%
EPS Growth (YoY)	3.53%	2.61%
EPS Growth (3Y CAGR)	35.34%	12.00%

Financial Strength

Current Ratio (MRQ)

PG&E (PCG) at 1.03 keeps current ratio within its industry’s typical mid-range, while FirstEnergy (FE) at 0.38 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for FE.

FE

Utilities industry group

0.38

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
FE: 0.38
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

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

Debt / Equity (MRQ)

Both FirstEnergy (FE) at 2.07 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.

FE

Utilities industry group

2.07

Max: 2.63
FE: 2.07
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

FirstEnergy (FE) 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 FirstEnergy (FE) and PG&E (PCG)
Metric	FE	PCG
Current Ratio (MRQ)	0.38	1.03
Debt / Equity (MRQ)	2.07	1.88
Net Debt / EBITDA	5.85	6.05

Dividends

Dividend Yield (TTM)

FirstEnergy (FE) at 3.90% delivers top-quartile income for its industry, while PG&E (PCG) at 1.51% pays a more typical yield — both are credible income propositions, FE the richer one.

FE

Utilities industry group

3.90%

Max: 6.66%
FE: 3.90%
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%

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

Dividend Payout Ratio (TTM)

PG&E (PCG) at 14.81% retains more earnings than its industry usually does; FirstEnergy (FE) at 87.92% distributes an above-typical share — opposite departures from the band, with the risk sitting on FE’s side.

FE

Utilities industry group

87.92%

Max: 113.04%
FE: 87.92%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
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%

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

Dividend Metrics

Dividend metrics for FirstEnergy (FE) and PG&E (PCG)
Metric	FE	PCG
Dividend Yield (TTM)	3.90%	1.51%
Dividend Payout Ratio (TTM)	87.92%	14.81%

Valuation

P/E Ratio (TTM)

PG&E (PCG) at 9.61 sits in the cheaper P/E ratio quartile, while FirstEnergy (FE) at 22.43 is closer to its industry’s usual earnings multiple — a discount for PCG, though growth and earnings durability still matter.

FE

Utilities industry group

22.43

Max: 31.22
Q3: 23.30
FE: 22.43
Median: 19.64
Q1: 15.17
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

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

P/S Ratio (TTM)

PG&E (PCG) at 1.11 sits in the cheaper P/S ratio quartile while FirstEnergy (FE) at 1.68 prices around its industry’s middle — PCG costs less per dollar of sales, though read it alongside growth and margins.

FE

Utilities industry group

1.68

Max: 6.35
Q3: 3.63
Median: 2.63
FE: 1.68
Q1: 1.52
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

FirstEnergy (FE) 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 FirstEnergy (FE) at 2.07 is valued near its industry’s middle — PCG is cheaper on assets, though weigh it against ROE and asset quality.

FE

Utilities industry group

2.07

Max: 3.12
Q3: 2.21
FE: 2.07
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

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

Valuation Metrics

Valuation metrics for FirstEnergy (FE) and PG&E (PCG)
Metric	FE	PCG
P/E Ratio (TTM)	22.43	9.61
P/S Ratio (TTM)	1.68	1.11
P/B Ratio (MRQ)	2.07	0.87
Free Cash Flow Yield (TTM)	-9.48%	-22.73%