POR FY 2025 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2025 Earnings

Reported February 17, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$3.5B	—	$3.4B	—	0.4%
Op. Income	$578M	—	$512M	—	12.9%
Gross Margin	41.7%	—	46.1%	—	-4.4pp
Net Margin	8.9%	—	9.1%	—	-0.2pp
EPS (Diluted)	$2.77	—	$3.01	—	-8.0%
Free Cash Flow	-$71M	—	-$490M	—	85.5%

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$471M
Operating Expenses	$861M
Cost & Expenses	$2.9B
OPERATING INCOME	$578M
Interest Income	$0
Interest Expense	$232M
Other Income/Expenses	-$219M
INCOME BEFORE TAX	$359M
Income Tax Expense	$53M
Net Income from Continuing Ops	$306M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$306M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$306M
D&A	$578M
EBIT	$602M
EBITDA	$1.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$471M
Operating Expenses	$861M
Cost & Expenses	$2.9B
OPERATING INCOME	$578M
Interest Income	$0
Interest Expense	$232M
Other Income/Expenses	-$219M
INCOME BEFORE TAX	$359M
Income Tax Expense	$53M
Net Income from Continuing Ops	$306M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$306M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$306M
D&A	$578M
EBIT	$602M
EBITDA	$1.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$306M
Depreciation & Amortization	$578M
Stock-Based Compensation	$16M
Deferred Income Tax	$37M
Other Non-Cash Items	$219M
Change in Working Capital	-$38M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$1.2B
Acquisitions (Net)	$0
Purchases of Investments	-$9M
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$140M
Common Stock Repurchased	$0
Common Dividends Paid	-$225M
Other Financing Activities	-$23M
NET CASH FROM FINANCING	$142M
FREE CASH FLOW	-$71M
Net Change in Cash	$64M

Balance Sheet

Item	Amount
Cash & Equivalents	$76M
Short-Term Investments	$0
Net Receivables	$460M
Inventory	$124M
Other Current Assets	$316M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$10.9B
Goodwill	$0
Intangible Assets	$366M
Long-Term Investments	$43M
Tax Assets	$0
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$12.4B
TOTAL ASSETS	$13.5B
Account Payables	$330M
Short-Term Debt	$53M
Deferred Revenue	$0
Other Current Liabilities	$460M
TOTAL CURRENT LIABILITIES	$993M
Long-Term Debt	$4.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.1B
Other Non-Current Liabilities	$1.8B
TOTAL NON-CURRENT LIABILITIES	$8.4B
TOTAL LIABILITIES	$9.4B
Common Stock	$2.4B
Additional Paid-In Capital	$0
Retained Earnings	$1.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.1B
Minority Interest	$0
TOTAL EQUITY	$4.1B
TOTAL LIABILITIES & EQUITY	$13.5B
Total Debt	$5.5B
Net Debt	$5.5B