PCG vs. PNW: PG&E vs. Pinnacle West Capital Stock Comparison
How do PG&E (PCG) and Pinnacle West Capital (PNW) 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
PG&E (PCG) and Pinnacle West Capital (PNW) are both classified in the Electric Utilities sub-industry within the broader Electric Utilities industry, placing them in the closest GICS peer bucket.
| Profile Item | PCG | PNW |
|---|---|---|
| Name | PG&E Corporation | Pinnacle West Capital 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 | 28.57 billion USD | 12.63 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 1, 1972 | February 21, 1973 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | PCG | PNW |
|---|---|---|
| Total Return (1Y) | -19.03% | 24.23% |
| Total Return (3Y, Annualized) | -6.50% | 18.78% |
| Total Return (5Y, Annualized) | 2.05% | 15.87% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | PCG | PNW |
|---|---|---|
| Volatility (1Y, Annualized) | 34.84% | 17.21% |
| Beta (5Y) | 0.17 | 0.48 |
| Max Drawdown (5Y) | -43.92% | -24.02% |
| Avg. Volume (3M) | 39.33M | 1.28M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | PCG | PNW |
|---|---|---|
| Sharpe Ratio (1Y) | -0.67 | 1.16 |
| Sortino Ratio (1Y) | -0.81 | 1.77 |
Profitability
ROE (TTM)
Both PG&E (PCG) at 8.89% and Pinnacle West Capital (PNW) at 9.09% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
PCG
Utilities industry group
8.89%
- Max
- 17.99%
- Q3
- 12.01%
- Median
- 9.44%
- PCG
- 8.89%
- Q1
- 7.56%
- Min
- 2.17%
PNW
Utilities industry group
9.09%
- Max
- 17.99%
- Q3
- 12.01%
- Median
- 9.44%
- PNW
- 9.09%
- Q1
- 7.56%
- Min
- 2.17%
Net Margin (TTM)
Both PG&E (PCG) at 11.57% and Pinnacle West Capital (PNW) at 11.59% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
PCG
Utilities industry group
11.57%
- Max
- 28.78%
- Q3
- 17.30%
- Median
- 12.73%
- PCG
- 11.57%
- Q1
- 9.18%
- Min
- -0.20%
PNW
Utilities industry group
11.59%
- Max
- 28.78%
- Q3
- 17.30%
- Median
- 12.73%
- PNW
- 11.59%
- Q1
- 9.18%
- Min
- -0.20%
Operating Margin (TTM)
Pinnacle West Capital (PNW) at 31.70% operates in the top operating margin quartile, ahead of PG&E (PCG) at 23.64%, which runs around its industry’s norm.
PCG
Utilities industry group
23.64%
- Max
- 53.83%
- Q3
- 31.12%
- PCG
- 23.64%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
PNW
Utilities industry group
31.70%
- Max
- 53.83%
- PNW
- 31.70%
- Q3
- 31.12%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
Profitability Metrics
| Metric | PCG | PNW |
|---|---|---|
| ROE (TTM) | 8.89% | 9.09% |
| ROA (TTM) | 2.59% | 2.36% |
| Net Margin (TTM) | 11.57% | 11.59% |
| Operating Margin (TTM) | 23.64% | 31.70% |
| Gross Margin (TTM) | 40.57% | 43.84% |
Growth
Revenue Growth
Pinnacle West Capital (PNW) at 4.20% 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.
EPS Growth
Both PG&E (PCG) at 2.61% and Pinnacle West Capital (PNW) at -3.63% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | PCG | PNW |
|---|---|---|
| Revenue Growth (YoY) | 2.11% | 4.20% |
| Revenue Growth (3Y CAGR) | 4.77% | 7.28% |
| EPS Growth (YoY) | 2.61% | -3.63% |
| EPS Growth (3Y CAGR) | 12.00% | 5.83% |
Financial Strength
Current Ratio (MRQ)
Both PG&E (PCG) at 1.03 and Pinnacle West Capital (PNW) at 0.71 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
PCG
Utilities industry group
1.03
- Max
- 1.90
- Q3
- 1.17
- PCG
- 1.03
- Median
- 0.88
- Q1
- 0.66
- Min
- 0.29
PNW
Utilities industry group
0.71
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- PNW
- 0.71
- Q1
- 0.66
- Min
- 0.29
Debt / Equity (MRQ)
Both PG&E (PCG) at 1.88 and Pinnacle West Capital (PNW) at 2.26 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.
PCG
Utilities industry group
1.88
- Max
- 2.63
- PCG
- 1.88
- Q3
- 1.77
- Median
- 1.35
- Q1
- 0.84
- Min
- 0.00
PNW
Utilities industry group
2.26
- Max
- 2.63
- PNW
- 2.26
- Q3
- 1.77
- Median
- 1.35
- Q1
- 0.84
- Min
- 0.00
Financial Strength Metrics
| Metric | PCG | PNW |
|---|---|---|
| Current Ratio (MRQ) | 1.03 | 0.71 |
| Debt / Equity (MRQ) | 1.88 | 2.26 |
| Net Debt / EBITDA | 6.05 | 7.67 |
Dividends
Dividend Yield (TTM)
Both PG&E (PCG) at 1.51% and Pinnacle West Capital (PNW) at 3.51% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
PCG
Utilities industry group
1.51%
- Max
- 6.66%
- Q3
- 3.58%
- Median
- 2.85%
- PCG
- 1.51%
- Q1
- 0.66%
- Min
- 0.00%
PNW
Utilities industry group
3.51%
- Max
- 6.66%
- Q3
- 3.58%
- PNW
- 3.51%
- Median
- 2.85%
- Q1
- 0.66%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Pinnacle West Capital (PNW) at 68.42% keeps its payout within the industry’s typical band; PG&E (PCG) at 14.81% pays out less than peers usually do, retaining more of its earnings — a policy difference more than a quality gap.
PCG
Utilities industry group
14.81%
- Max
- 113.04%
- Q3
- 68.72%
- Median
- 56.38%
- Q1
- 32.38%
- PCG
- 14.81%
- Min
- 0.00%
PNW
Utilities industry group
68.42%
- Max
- 113.04%
- Q3
- 68.72%
- PNW
- 68.42%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
Dividend Metrics
| Metric | PCG | PNW |
|---|---|---|
| Dividend Yield (TTM) | 1.51% | 3.51% |
| Dividend Payout Ratio (TTM) | 14.81% | 68.42% |
Valuation
P/E Ratio (TTM)
PG&E (PCG) at 9.61 sits in the cheaper P/E ratio quartile, while Pinnacle West Capital (PNW) at 19.59 is closer to its industry’s usual earnings multiple — a discount for PCG, though growth and earnings durability still matter.
PCG
Utilities industry group
9.61
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- Q1
- 15.17
- PCG
- 9.61
- Min
- 3.34
PNW
Utilities industry group
19.59
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- PNW
- 19.59
- Q1
- 15.17
- Min
- 3.34
P/S Ratio (TTM)
PG&E (PCG) at 1.11 sits in the cheaper P/S ratio quartile while Pinnacle West Capital (PNW) at 2.21 prices around its industry’s middle — PCG costs less per dollar of sales, though read it alongside growth and margins.
PCG
Utilities industry group
1.11
- Max
- 6.35
- Q3
- 3.63
- Median
- 2.63
- Q1
- 1.52
- PCG
- 1.11
- Min
- 0.00
PNW
Utilities industry group
2.21
- Max
- 6.35
- Q3
- 3.63
- Median
- 2.63
- PNW
- 2.21
- Q1
- 1.52
- Min
- 0.00
P/B Ratio (MRQ)
PG&E (PCG) at 0.87 sits in the lower P/B ratio quartile against book while Pinnacle West Capital (PNW) at 1.69 is valued near its industry’s middle — PCG is cheaper on assets, though weigh it against ROE and asset quality.
PCG
Utilities industry group
0.87
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- Q1
- 1.46
- PCG
- 0.87
- Min
- 0.34
PNW
Utilities industry group
1.69
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- PNW
- 1.69
- Q1
- 1.46
- Min
- 0.34
Valuation Metrics
| Metric | PCG | PNW |
|---|---|---|
| P/E Ratio (TTM) | 9.61 | 19.59 |
| P/S Ratio (TTM) | 1.11 | 2.21 |
| P/B Ratio (MRQ) | 0.87 | 1.69 |
| Free Cash Flow Yield (TTM) | -22.73% | -7.90% |