Pacific Gas & Electric (PCG) vs Pinnacle West Capital (PNW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Pinnacle West Capital (PNW) has outperformed Pacific Gas & Electric (PCG) over the past year, gaining 6.6% versus a loss of 24.2%. Over five years, PNW leads with a +44.0% price change compared with +13.1% for PCG. Pacific Gas & Electric is the larger company by market cap ($38.04 billion vs $11.87 billion), about 3.2 times the size, while Pinnacle West Capital is growing revenue faster (+4.2% vs +2.1%).
On valuation, Pacific Gas & Electric trades at a lower forward P/E (7.0x vs 17.5x for Pinnacle West Capital). Pinnacle West Capital offers the higher dividend yield (3.70% vs 1.38%). Pinnacle West Capital converts more of its revenue into profit, with a net margin of 11.8% versus 10.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | PCG | PNW |
|---|---|---|
| Share price | $12.67 | $97.98 |
| Market cap | $38.04B | $11.87B |
| 1-day change | -0.94% | +0.45% |
| YTD return | -21.16% | +10.46% |
| 1-year return | -24.22% | +6.56% |
| 5-year return | +13.13% | +44.05% |
| P/E ratio (TTM) | 9.18 | 18.81 |
| Forward P/E | 7.03 | 17.54 |
| EPS (TTM) | $1.38 | $5.21 |
| Dividend yield | 1.38% | 3.70% |
| Annual dividend | $0.175 | $3.63 |
| Revenue (latest FY) | $24.93B | $5.34B |
| Revenue growth (YoY) | +2.11% | +4.20% |
| Net income (latest FY) | $2.70B | $631.64M |
| Gross margin | — | 63.79% |
| Operating margin | 19.05% | 19.99% |
| Net margin | 10.84% | 11.83% |
| 52-week high | $19.16 | $111.16 |
| 52-week low | $11.77 | $86.18 |
| Distance from 52-week high | -33.87% | -11.86% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +48.46% | +5.05% |
| Average volume | 36.62M | 1.18M |
| Shares outstanding | 2.20B | 121.20M |
| Employees | 29,010 | 6,610 |
| Sector | Utilities | Utilities |
| Industry | Utilities - Regulated Electric | Utilities - Regulated Electric |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Pacific Gas & Electric is about 3.2 times larger than Pinnacle West Capital by market value ($38.04B vs $11.87B).
- PNW has outperformed PCG by 30.8 percentage points over the past year.
- Pinnacle West Capital trades at a higher earnings multiple (18.8x vs 9.2x trailing P/E).
- Pinnacle West Capital offers a meaningfully higher dividend yield (3.70% vs 1.38%).
About Pacific Gas & Electric
PCG stock →PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cells, and photovoltaic sources.
Utilities · Utilities - Regulated Electric · 29,010 employees
About Pinnacle West Capital
PNW stock →Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities.
Utilities · Utilities - Regulated Electric · 6,610 employees
PCG vs PNW FAQ
Which is bigger, Pacific Gas & Electric or Pinnacle West Capital?
Pacific Gas & Electric (PCG) is larger, with a market capitalization of $38.04B compared with $11.87B for Pinnacle West Capital (PNW).
Which stock has performed better over the past year, PCG or PNW?
PNW returned +6.56% over the past 12 months, compared with -24.22% for PCG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, PCG or PNW?
PCG has the lower trailing P/E at 9.2, versus 18.8 for PNW. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Pacific Gas & Electric or Pinnacle West Capital?
Pinnacle West Capital has the higher yield at 3.70%, compared with 1.38% for Pacific Gas & Electric.
Are Pacific Gas & Electric and Pinnacle West Capital in the same industry?
Yes. Both are classified in the Utilities - Regulated Electric industry within the Utilities sector.