Portland General Electric Co. (POR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.67	$0.64	-4.5%	—	$814M	—
Q1 26	$0.77	$0.58	-24.7%	—	$879M	—
Q4 25	$0.56	$0.47	-16.1%	—	$889M	—
Q3 25	$0.99	$1	+1.0%	—	$952M	—
Q2 25	$0.64	$0.66	+3.1%	—	$807M	—
Q1 25	$0.99	$0.91	-8.1%	—	$928M	—
Q4 24	$0.35	$0.36	+2.9%	—	$824M	—
Q3 24	$0.87	$0.9	+3.4%	—	$929M	—
Q2 24	$0.65	$0.69	+6.2%	—	$758M	—
Q1 24	$1.09	$1.21	+11.0%	—	$929M	—
Q4 23	$0.87	$0.67	-23.0%	—	$725M	—
Q3 23	$0.54	$0.46	-14.8%	—	$802M	—
Q2 23	$0.49	$0.44	-10.2%	—	$648M	—
Q1 23	$0.79	$0.8	+1.3%	—	$748M	—
Q4 22	$0.62	$0.7	+12.9%	—	$687M	—
Q3 22	$0.61	$0.65	+6.6%	—	$743M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.77	—	—	$3.6B	—
FY24	—	$3.02	—	—	$3.4B	—
FY23	—	$2.33	—	—	$2.9B	—
FY22	—	$2.61	—	—	$2.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.9B	$2B	$2B	$2.1B	$2.1B	$2.4B	$2.6B	$2.9B	$3.4B	$3.6B
YoY change	+1.32%	+4.47%	-0.9%	+6.63%	+1.04%	+11.7%	+10.5%	+10.4%	+17.7%	+3.95%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.9B	2B	2B	2.1B	2.1B	2.4B	2.6B	2.9B	3.4B	3.6B
Cost of revenue	617M	901M	863M	937M	1B	1.1B	1.3B	1.6B	1.9B	1.9B
Gross profit	1.3B	1.1B	1.1B	1.2B	1.1B	1.3B	1.3B	1.4B	1.6B	1.7B
Gross margin	67.9%	55.2%	56.7%	55.9%	53.3%	52.8%	49.5%	46.5%	46.1%	48%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	526M	260M	271M	290M	283M	336M	340M	341M	403M	392M
Operating expenses	489M	569M	563M	613M	576M	646M	688M	715M	403M	392M
Operating income	340M	380M	346M	353M	269M	378M	397M	396M	512M	555M
Operating margin	17.7%	18.9%	17.4%	16.6%	12.5%	15.8%	15%	13.5%	14.9%	15.5%
Non-operating income, net	15M	13M	7M	16M	22M	26M	31M	50M	49M	36M
Pretax income	243M	273M	229M	241M	155M	267M	272M	273M	350M	359M
Income tax	50M	86M	17M	27M	0	23M	39M	45M	37M	53M
Net income	193M	187M	212M	214M	155M	244M	233M	228M	313M	306M
Net margin	10%	9.31%	10.6%	10.1%	7.23%	10.2%	8.8%	7.8%	9.1%	8.56%
EBITDA	655M	726M	724M	768M	729M	791M	831M	885M	1B	1.2B
EPS	2.17	2.1	2.38	2.39	1.73	2.72	2.61	2.33	3.02	2.77
Diluted EPS	2.16	2.1	2.37	2.39	1.72	2.72	2.6	2.33	3.01	2.77

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	802M	725M	929M	758M	929M	824M	928M	807M	952M	889M	879M	814M
Cost of revenue	471M	375M	504M	382M	511M	457M	478M	408M	484M	491M	471M	408M
Gross profit	331M	350M	425M	376M	418M	367M	450M	399M	468M	398M	408M	406M
Gross margin	41.3%	48.3%	45.7%	49.6%	45%	44.5%	48.5%	49.4%	49.2%	44.8%	46.4%	49.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	89M	79M	95M	97M	102M	109M	96M	96M	99M	101M	106M	90M
Operating expenses	174M	174M	194M	204M	102M	109M	96M	96M	99M	101M	106M	90M
Operating income	85M	113M	162M	116M	146M	88M	168M	118M	174M	95M	107M	121M
Operating margin	10.6%	15.6%	17.4%	15.3%	15.7%	10.7%	18.1%	14.6%	18.3%	10.7%	12.2%	14.9%
Non-operating income, net	10M	16M	11M	15M	12M	11M	10M	13M	9M	4M	7M	20M
Pretax income	53M	83M	122M	79M	105M	44M	122M	74M	123M	40M	54M	80M
Income tax	6M	15M	13M	7M	11M	6M	22M	12M	20M	-1M	9M	12M
Net income	47M	68M	109M	72M	94M	38M	100M	62M	103M	41M	45M	68M
Net margin	5.86%	9.38%	11.7%	9.5%	10.1%	4.61%	10.8%	7.68%	10.8%	4.61%	5.12%	8.35%
EBITDA	206M	240M	289M	247M	278M	220M	313M	264M	327M	247M	255M	278M
EPS	0.47	—	1.08	0.69	0.91	—	0.91	0.56	0.94	—	0.39	0.59
Diluted EPS	0.46	—	1.08	0.69	0.9	—	0.91	0.56	0.94	—	0.38	0.59

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.9B	4.1B	4.1B	5B	3.8B	4.7B	4.4B	4.2B	4.5B	5.3B	5.2B
Enterprise value	6.2B	6.4B	6.4B	7.7B	6.9B	8.3B	8.2B	8.7B	9.3B	10.2B	11.1B
Shares outstanding	88.9M	89.1M	89.2M	89.4M	89.5M	89.5M	89.3M	97.8M	103.9M	110.5M	110.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	20	21.7	19.3	23.3	24.7	19.4	18.8	18.6	14.5	17.3	19.4
P/S	2	2.02	2.05	2.35	1.78	1.98	1.65	1.45	1.32	1.48	1.46
P/B	1.64	1.68	1.63	1.92	1.46	1.75	1.57	1.28	1.2	1.28	1.23
EV/EBITDA	9.46	8.88	8.91	10	9.48	10.4	9.83	9.8	9.04	8.84	10.1
EV/Sales	3.22	3.21	3.24	3.63	3.22	3.45	3.09	2.97	2.72	2.85	3.14
Earnings yield	5.01%	4.61%	5.18%	4.29%	4.05%	5.15%	5.33%	5.38%	6.9%	5.77%	5.14%
FCF yield	-0.57%	2.04%	0.86%	-1.2%	-5.67%	-2.2%	-2.1%	-22.1%	-10.8%	-1.34%	-8%
PEG	—	—	—	—	—	—	—	—	—	—	3.63

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	67.9%	55.2%	56.7%	55.9%	53.3%	52.8%	49.5%	46.5%	46.1%	48%	49.9%
Operating margin	17.7%	18.9%	17.4%	16.6%	12.5%	15.8%	15%	13.5%	14.9%	15.5%	15%
Net margin	10%	9.31%	10.6%	10.1%	7.23%	10.2%	8.8%	7.8%	9.1%	8.56%	7.27%
ROE	8.23%	7.74%	8.46%	8.26%	5.93%	9.01%	8.38%	6.87%	8.25%	7.4%	6.44%
ROA	2.56%	2.39%	2.61%	2.55%	1.71%	2.57%	2.23%	2.03%	2.5%	2.31%	2.41%
ROIC	5.76%	5.42%	6.58%	5.9%	4.72%	5.54%	5.17%	4.27%	5.32%	5.25%	4.62%
Return on tangible assets	2.56%	2.39%	2.61%	2.55%	1.71%	2.57%	2.23%	2.03%	2.5%	2.31%	1.88%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.8	1.22	0.81	0.96	0.88	0.9	0.81	0.84	0.92	1.08	0.98
Quick ratio	0.66	1.04	0.71	0.78	0.8	0.79	0.75	0.74	0.81	0.95	0.86
Debt / equity	1	1	0.99	1.06	1.28	1.32	1.42	1.34	1.27	1.2	1.36
Debt / assets	0.31	0.31	0.31	0.33	0.37	0.38	0.38	0.4	0.38	0.37	0.38
Net debt / EBITDA	3.58	3.29	3.26	3.54	4.23	4.46	4.57	5.01	4.66	4.24	4.68
Interest coverage	3.17	3.27	2.85	2.88	2.14	2.95	2.74	2.58	2.66	2.55	2.24
Effective tax rate	20.6%	31.5%	7.42%	11.2%	0%	8.61%	14.3%	16.5%	10.6%	14.8%	13.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	21.6	22.6	22.3	23.8	24	26.8	29.6	29.9	33.1	32.4	31.1
EPS (basic)	2.17	2.1	2.38	2.39	1.73	2.72	2.61	2.33	3.02	2.77	2.77
EPS (diluted)	2.16	2.1	2.37	2.39	1.72	2.72	2.6	2.33	3.01	2.77	2.26
Book value per share	26.4	27.1	28.1	29	29.2	30.3	31.1	34	36.5	37.4	35.6
FCF per share	-0.25	0.93	0.39	-0.67	-2.42	-1.16	-1.03	-9.59	-4.71	-0.64	-1.62
Cash per share	0.07	0.44	1.33	0.34	2.87	0.58	1.85	0.05	0.12	0.69	0.3
Capex per share	—	—	—	0	0	0.04	0.15	—	—	10.8	10.6

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	0%	0%	0.17%	0.49%	—	—	33.2%	34.7%
Capex / operating cash flow	—	—	—	0%	0%	0.89%	2.58%	—	—	106.4%	118.2%
Payout ratio	57%	63.1%	59%	62.6%	90.3%	61.5%	67.8%	78.5%	63.9%	73.5%	94.1%
Dividend yield	2.86%	2.91%	3.06%	2.69%	3.66%	3.17%	3.61%	4.22%	4.41%	4.24%	4.99%

Yield

4.99%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.551

ex-dividend Sep 25, 2026

Payout ratio

94%

of earnings

Dividend growth

19 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 25, 2026	$0.551
Jun 25, 2026	$0.551
Mar 23, 2026	$0.525

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$802M	$725M	$929M	$758M	$929M	$824M	$928M	$807M	$952M	$889M	$879M	$814M
YoY change	+7.94%	+5.53%	+24.2%	+17%	+15.8%	+13.7%	-0.11%	+6.46%	+2.48%	+7.89%	-5.28%	+0.87%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	6M	39M	119M	30M	257M	52M	165M	5M	12M	76M
Receivables	155M	168M	193M	253M	271M	329M	398M	414M	456M	460M
Inventory	82M	78M	84M	96M	72M	78M	95M	113M	114M	124M
Total current assets	463M	526M	643M	500M	721M	688M	1.2B	935M	1B	1.1B
Property, plant & equipment	-3.1B	-3.2B	-3.5B	-3.8B	-3.4B	-3.8B	-4B	-3.8B	-4.5B	-5B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	7.5B	7.8B	8.1B	8.4B	9.1B	9.5B	10.5B	11.2B	12.5B	13.2B
Accounts payable	129M	132M	168M	165M	153M	244M	457M	347M	365M	330M
Short-term debt	150M	—	300M	16M	326M	20M	280M	246M	197M	27M
Total current liabilities	577M	432M	791M	519M	815M	768M	1.5B	1.1B	1.1B	993M
Long-term debt	2.2B	2.4B	2.2B	2.7B	3B	3.6B	3.7B	4.2B	4.6B	4.9B
Total liabilities	5.2B	5.4B	5.6B	5.8B	6.5B	6.8B	7.7B	7.9B	8.8B	9.1B
Shareholders' equity	2.3B	2.4B	2.5B	2.6B	2.6B	2.7B	2.8B	3.3B	3.8B	4.1B
Total debt	2.4B	2.4B	2.5B	2.7B	3.3B	3.6B	4B	4.4B	4.8B	5B
Net debt	2.3B	2.4B	2.4B	2.7B	3.1B	3.5B	3.8B	4.4B	4.8B	4.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	47M	5M	176M	6M	35M	12M	11M	56M	137M	76M	8M	35M
Receivables	364M	414M	412M	385M	459M	456M	473M	397M	455M	460M	405M	410M
Inventory	109M	113M	114M	117M	115M	114M	111M	123M	124M	124M	130M	126M
Total current assets	724M	935M	1.1B	848M	950M	1B	974M	890M	1.1B	1.1B	1B	1B
Property, plant & equipment	-4B	-3.8B	-4.2B	-4.3B	-4.2B	-4.5B	-4.5B	-4.6B	-5B	-5B	-5.1B	-4.7B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	10.6B	11.2B	11.6B	11.6B	11.9B	12.5B	12.7B	12.7B	13B	13.2B	13.2B	13.6B
Accounts payable	187M	347M	289M	259M	351M	365M	281M	267M	276M	330M	277M	451M
Short-term debt	20M	246M	103M	104M	106M	197M	95M	95M	95M	27M	36M	27M
Total current liabilities	636M	1.1B	885M	850M	972M	1.1B	922M	913M	985M	993M	929M	1.1B
Long-term debt	4.1B	4.2B	4.6B	4.6B	4.6B	4.6B	4.9B	4.9B	4.9B	4.9B	4.9B	5.2B
Total liabilities	7.3B	7.9B	8.1B	8.1B	8.3B	8.8B	8.9B	8.8B	9.1B	9.1B	9.1B	9.5B
Shareholders' equity	3.3B	3.3B	3.5B	3.5B	3.6B	3.8B	3.8B	3.9B	4B	4.1B	4.1B	4.1B
Total debt	4.1B	4.4B	4.7B	4.7B	4.7B	4.8B	5B	5B	5B	5B	5B	5.2B
Net debt	4B	4.4B	4.6B	4.7B	4.7B	4.8B	5B	5B	4.9B	4.9B	4.9B	5.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	193M	187M	212M	214M	155M	244M	233M	228M	313M	306M
Depreciation & amortization	321M	345M	382M	409M	454M	404M	417M	458M	496M	578M
Stock-based compensation	—	7M	5M	9M	11M	14M	15M	17M	24M	16M
Change in working capital	37M	-8M	-50M	18M	1M	-56M	-86M	-160M	-111M	-1M
Operating cash flow	544M	565M	544M	541M	519M	447M	504M	581M	725M	1.1B
Capital expenditure	—	—	—	0	0	4M	13M	—	—	-1.2B
Investing cash flow	-1M	0	124M	2M	-3M	-16M	21M	0	-29M	-1.2B
Dividends paid	-110M	-118M	-125M	-134M	-140M	-150M	-158M	-179M	-200M	-225M
Share repurchases	—	—	—	0	0	-12M	-18M	0	0	—
Financing cash flow	25M	-50M	-79M	-31M	322M	-431M	197M	778M	526M	142M
Net change in cash	568M	515M	589M	512M	838M	0	722M	1.4B	1.2B	64M
Free cash flow	-22M	83M	35M	-60M	-217M	-104M	-92M	-938M	-490M	-71M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	47M	68M	109M	72M	94M	38M	100M	62M	103M	41M	45M	68M
Depreciation & amortization	116M	118M	121M	122M	126M	127M	140M	139M	148M	151M	144M	143M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-50M	-157M	5M	50M	-90M	-78M	10M	140M	-66M	-95M	91M	24M
Operating cash flow	135M	42M	150M	245M	139M	162M	266M	336M	403M	148M	268M	220M
Capital expenditure	0	—	0	0	0	—	—	-237M	-303M	-290M	-259M	-376M
Investing cash flow	0	0	-6M	-10M	-8M	-5M	-17M	-233M	-307M	-280M	-262M	-388M
Dividends paid	-47M	-48M	-48M	-48M	-52M	-52M	-55M	-54M	-58M	-58M	-60M	-60M
Share repurchases	0	0	—	—	—	—	—	—	—	—	—	—
Financing cash flow	204M	295M	327M	-51M	46M	204M	144M	-58M	-15M	71M	-74M	204M
Net change in cash	339M	337M	471M	184M	177M	361M	393M	45M	81M	-61M	-68M	36M
Free cash flow	-170M	-338M	-150M	-109M	-9M	-222M	-128M	99M	100M	-142M	9M	-156M

Portland General Electric Co. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement