NYSE : POR
Portland General Electric Company — Financial statements
Utilities · Utilities - Regulated Electric · United States
Last price 44.42 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 5.29B
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Financial statements
Portland General Electric Company (POR) reported revenue of 3.55B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.55B | 3.58B | 3.44B | 2.92B | 2.65B | 2.40B |
| Fuel & Purchased Power | 1.42B | 1.41B | 1.42B | 1.19B | 988.00M | 822.00M |
| Selling, General & Admin | 370.00M | 379.00M | 403.00M | 341.00M | 340.00M | 336.00M |
| Depreciation & Amortization | 584.00M | 578.00M | 496.00M | 458.00M | 417.00M | 404.00M |
| Other Operating Expenses | 661.00M | 643.00M | 607.00M | 532.00M | 491.00M | 461.00M |
| Total Operating Expenses | 3.03B | 3.01B | 2.92B | 2.52B | 2.24B | 2.02B |
| Operating Income | 521.00M | 565.00M | 516.00M | 402.00M | 411.00M | 373.00M |
| Interest Expense | -254.00M | -243.00M | -226.00M | -186.00M | -163.00M | -137.00M |
| Net Interest Expense | -254.00M | -243.00M | -226.00M | -186.00M | -163.00M | -137.00M |
| Allowance for Equity Funds for Construction | 20.00M | 18.00M | 23.00M | 19.00M | 14.00M | 17.00M |
| Allowance for Borrowed Funds for Construction | 12.00M | 11.00M | 15.00M | 13.00M | 7.00M | |
| Other Non-Operating Income (Expenses) | 26.00M | 21.00M | 22.00M | 25.00M | 3.00M | 14.00M |
| EBT Excluding Unusual Items | 325.00M | 372.00M | 350.00M | 273.00M | 272.00M | 267.00M |
| Other Unusual Items | -13.00M | -13.00M | ||||
| Pretax Income | 312.00M | 359.00M | 350.00M | 273.00M | 272.00M | 267.00M |
| Income Tax Expense | 39.00M | 53.00M | 37.00M | 45.00M | 39.00M | 23.00M |
| Net Income | 273.00M | 306.00M | 313.00M | 228.00M | 233.00M | 244.00M |
| Net Income to Common | 273.00M | 306.00M | 313.00M | 228.00M | 233.00M | 244.00M |
| Shares Outstanding (Basic) | 115.59M | 110.47M | 103.95M | 97.76M | 89.29M | 89.48M |
| Shares Outstanding (Diluted) | 116.08M | 110.74M | 104.16M | 97.95M | 89.64M | 89.63M |
| EPS (Basic) | 2.36 | 2.77 | 3.01 | 2.33 | 2.61 | 2.73 |
| EPS (Diluted) | 2.36 | 2.77 | 3.01 | 2.33 | 2.60 | 2.72 |
| Free Cash Flow | -416.00M | -71.00M | -490.00M | -938.00M | -92.00M | -104.00M |
| Free Cash Flow Per Share | -3.58 | -0.64 | -4.70 | -9.58 | -1.03 | -1.16 |
| Dividend Per Share | 2.13 | 2.08 | 1.98 | 1.88 | 1.79 | 1.70 |
| Profit Margin | 7.68% | 8.56% | 9.10% | 7.80% | 8.80% | 10.18% |
| Free Cash Flow Margin | -11.71% | -1.98% | -14.24% | -32.09% | -3.48% | -4.34% |
| EBITDA | 1.10B | 1.14B | 1.01B | 860.00M | 828.00M | 777.00M |
| EBITDA Margin | 31.10% | 31.96% | 29.42% | 29.42% | 31.28% | 32.43% |
| D&A For EBITDA | 584.00M | 578.00M | 496.00M | 458.00M | 417.00M | 404.00M |
| EBIT | 521.00M | 565.00M | 516.00M | 402.00M | 411.00M | 373.00M |
| EBIT Margin | 14.66% | 15.80% | 15.00% | 13.75% | 15.53% | 15.57% |
| Effective Tax Rate | 12.50% | 14.76% | 10.57% | 16.48% | 14.34% | 8.61% |
| Revenue as Reported | 3.55B | 3.58B | 3.44B | 2.92B | 2.65B | 2.40B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 69.00M | 76.00M | 12.00M | 5.00M | 165.00M | 52.00M |
| Accounts Receivable | 442.00M | 460.00M | 456.00M | 414.00M | 398.00M | 329.00M |
| Inventory | 127.00M | 124.00M | 114.00M | 113.00M | 95.00M | 78.00M |
| Prepaid Expenses | 93.00M | 96.00M | 81.00M | 68.00M | 69.00M | 66.00M |
| Other Current Assets | 314.00M | 316.00M | 362.00M | 335.00M | 483.00M | 163.00M |
| Total Current Assets | 1.04B | 1.07B | 1.02B | 935.00M | 1.21B | 688.00M |
| Property, Plant & Equipment | 11.71B | 10.93B | 10.30B | 9.19B | 8.18B | 7.68B |
| Regulatory Assets | 513.00M | 619.00M | 632.00M | 492.00M | 473.00M | 533.00M |
| Other Intangible Assets | 366.00M | 361.00M | 375.00M | 308.00M | 348.00M | |
| Other Long-Term Assets | 523.00M | 243.00M | 230.00M | 217.00M | 289.00M | 243.00M |
| Total Assets | 13.81B | 13.23B | 12.54B | 11.21B | 10.46B | 9.49B |
| Accounts Payable | 310.00M | 330.00M | 365.00M | 347.00M | 457.00M | 244.00M |
| Accrued Expenses | 120.00M | 140.00M | 129.00M | 114.00M | 97.00M | 96.00M |
| Short-Term Debt | 146.00M | |||||
| Current Portion of Long-Term Debt | 170.00M | 80.00M | 260.00M | |||
| Current Portion of Leases | 27.00M | 53.00M | 53.00M | 23.00M | 24.00M | 24.00M |
| Current Income Taxes Payable | 67.00M | 38.00M | 36.00M | 30.00M | 29.00M | 46.00M |
| Other Current Liabilities | 388.00M | 432.00M | 366.00M | 372.00M | 629.00M | 358.00M |
| Total Current Liabilities | 912.00M | 993.00M | 1.12B | 1.11B | 1.50B | 768.00M |
| Long-Term Debt | 5.43B | 4.69B | 4.35B | 3.90B | 3.39B | 3.29B |
| Long-Term Leases | 253.00M | 540.00M | 562.00M | 305.00M | 312.00M | 295.00M |
| Pension & Post-Retirement Benefits | 155.00M | 177.00M | 214.00M | 251.00M | 253.00M | 301.00M |
| Long-Term Deferred Tax Liabilities | 1.07B | 1.02B | 804.00M | 665.00M | 633.00M | 621.00M |
| Other Long-Term Liabilities | 1.66B | 1.67B | 1.70B | 1.65B | 1.60B | 1.52B |
| Total Liabilities | 9.48B | 9.10B | 8.75B | 7.89B | 7.68B | 6.79B |
| Common Stock | 2.54B | 2.38B | 2.12B | 1.75B | 1.25B | 1.24B |
| Retained Earnings | 1.79B | 1.75B | 1.68B | 1.57B | 1.53B | 1.48B |
| Comprehensive Income & Other | -3.00M | -4.00M | -4.00M | -5.00M | -4.00M | -10.00M |
| Shareholders' Equity | 4.33B | 4.13B | 3.79B | 3.32B | 2.78B | 2.71B |
| Total Liabilities & Equity | 13.81B | 13.23B | 12.54B | 11.21B | 10.46B | 9.49B |
| Total Debt | 5.71B | 5.29B | 5.14B | 4.46B | 3.98B | 3.60B |
| Net Cash (Debt) | -5.64B | -5.21B | -5.13B | -4.45B | -3.82B | -3.55B |
| Net Cash Per Share | -48.62 | -47.05 | -49.22 | -45.47 | -42.58 | -39.63 |
| Filing Date Shares Outstanding | 119.10M | 115.56M | 109.35M | 101.16M | 89.31M | 89.43M |
| Total Common Shares Outstanding | 118.91M | 115.56M | 109.34M | 101.16M | 89.28M | 89.41M |
| Working Capital | 133.00M | 79.00M | -94.00M | -177.00M | -286.00M | -80.00M |
| Book Value Per Share | 36.43 | 35.77 | 34.70 | 32.81 | 31.13 | 30.28 |
| Tangible Book Value | 4.33B | 3.77B | 3.43B | 2.94B | 2.47B | 2.36B |
| Tangible Book Value Per Share | 36.43 | 32.60 | 31.40 | 29.10 | 27.68 | 26.38 |
| Machinery | 16.47B | 15.01B | 13.89B | 12.40B | 11.61B | 11.04B |
| Construction In Progress | 954.00M | 416.00M | 567.00M | 974.00M | 467.00M | 313.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 273.00M | 306.00M | 313.00M | 228.00M | 233.00M | 244.00M |
| Depreciation & Amortization | 584.00M | 578.00M | 496.00M | 458.00M | 417.00M | 404.00M |
| Stock-Based Compensation | 16.00M | 16.00M | 24.00M | 17.00M | 15.00M | 14.00M |
| Change in Accounts Receivable | 3.00M | -16.00M | -66.00M | -29.00M | -66.00M | -64.00M |
| Change in Accounts Payable | 21.00M | 44.00M | 47.00M | -166.00M | 157.00M | 61.00M |
| Change in Other Net Operating Assets | -24.00M | 15.00M | -45.00M | -131.00M | -20.00M | 8.00M |
| Other Operating Activities | 79.00M | 175.00M | 9.00M | 43.00M | -62.00M | -135.00M |
| Operating Cash Flow | 959.00M | 1.12B | 778.00M | 420.00M | 674.00M | 532.00M |
| Capital Expenditures | -1.38B | -1.19B | -1.27B | -1.36B | -766.00M | -636.00M |
| Contributions to Nuclear Demissioning Trust | -3.00M | -9.00M | -8.00M | -1.00M | -3.00M | -10.00M |
| Other Investing Activities | -5.00M | 2.00M | -21.00M | 1.00M | 11.00M | -10.00M |
| Investing Cash Flow | -1.38B | -1.20B | -1.30B | -1.36B | -758.00M | -656.00M |
| Short-Term Debt Issued | 146.00M | 200.00M | ||||
| Long-Term Debt Issued | 310.00M | 670.00M | 600.00M | 385.00M | 400.00M | |
| Total Debt Issued | 350.00M | 310.00M | 670.00M | 746.00M | 385.00M | 600.00M |
| Short-Term Debt Repaid | -146.00M | -350.00M | ||||
| Long-Term Debt Repaid | -170.00M | -130.00M | -260.00M | -160.00M | ||
| Total Debt Repaid | -68.00M | -170.00M | -276.00M | -260.00M | -510.00M | |
| Net Debt Issued (Repaid) | 282.00M | 140.00M | 394.00M | 486.00M | 385.00M | 90.00M |
| Issuance of Common Stock | 357.00M | 250.00M | 346.00M | 485.00M | ||
| Repurchase of Common Stock | -18.00M | -12.00M | ||||
| Common Dividends Paid | -242.00M | -225.00M | -200.00M | -179.00M | -158.00M | -150.00M |
| Other Financing Activities | -41.00M | -23.00M | -14.00M | -14.00M | -12.00M | -9.00M |
| Financing Cash Flow | 356.00M | 142.00M | 526.00M | 778.00M | 197.00M | -81.00M |
| Net Cash Flow | -68.00M | 64.00M | 7.00M | -160.00M | 113.00M | -205.00M |
| Free Cash Flow | -416.00M | -71.00M | -490.00M | -938.00M | -92.00M | -104.00M |
| Free Cash Flow Margin | -11.71% | -1.98% | -14.24% | -32.09% | -3.48% | -4.34% |
| Free Cash Flow Per Share | -3.58 | -0.64 | -4.70 | -9.58 | -1.03 | -1.16 |
| Levered Free Cash Flow | -667.12M | -332.75M | -616.75M | -982.00M | -120.00M | 20.50M |
| Unlevered Free Cash Flow | -508.38M | -180.88M | -475.50M | -865.75M | -18.12M | 106.12M |
| Cash Interest Paid | 207.00M | 198.00M | 174.00M | 136.00M | 128.00M | 120.00M |
| Cash Income Tax Paid | -162.00M | -90.00M | 12.00M | 37.00M | 16.00M | |
| Change in Working Capital | 7.00M | 43.00M | -64.00M | -326.00M | 71.00M | 5.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.44B | 5.40B | 4.60B | 4.38B | 4.37B | 4.73B |
| Enterprise Value | 11.08B | 10.64B | 9.30B | 8.43B | 8.00B | 7.86B |
| PE Ratio | 19.37 | 17.64 | 14.70 | 19.22 | 18.77 | 19.39 |
| PS Ratio | 1.50 | 1.51 | 1.34 | 1.50 | 1.65 | 1.98 |
| PB Ratio | 1.22 | 1.31 | 1.21 | 1.32 | 1.57 | 1.75 |
| P/OCF Ratio | 5.57 | 4.83 | 5.91 | 10.44 | 6.49 | 8.89 |
| EV/Sales Ratio | 3.09 | 2.98 | 2.71 | 2.88 | 3.02 | 3.28 |
| EV/EBITDA Ratio | 9.94 | 9.31 | 9.19 | 9.80 | 9.66 | 10.12 |
| EV/EBIT Ratio | 21.09 | 18.84 | 18.03 | 20.98 | 19.46 | 21.08 |
| Debt / Equity Ratio | 1.32 | 1.28 | 1.35 | 1.34 | 1.43 | 1.33 |
| Debt / EBITDA Ratio | 4.95 | 4.44 | 4.93 | 4.97 | 4.61 | 4.45 |
| Net Debt / Equity Ratio | 1.30 | 1.26 | 1.35 | 1.34 | 1.37 | 1.31 |
| Net Debt / EBITDA Ratio | 5.11 | 4.56 | 5.07 | 5.18 | 4.61 | 4.57 |
| Net Debt / FCF Ratio | -13.57 | -73.38 | -10.46 | -4.75 | -41.49 | -34.15 |
| Quick Ratio | 0.56 | 0.54 | 0.42 | 0.38 | 0.38 | 0.50 |
| Current Ratio | 1.15 | 1.08 | 0.92 | 0.84 | 0.81 | 0.90 |
| Asset Turnover | 0.27 | 0.28 | 0.29 | 0.27 | 0.27 | 0.26 |
| Return on Equity (ROE) | 6.59% | 7.72% | 8.80% | 7.48% | 8.49% | 9.17% |
| Return on Assets (ROA) | 2.43% | 2.74% | 2.72% | 2.32% | 2.57% | 2.51% |
| Return on Capital Employed (ROCE) | 4.00% | 4.60% | 4.50% | 4.00% | 4.60% | 4.30% |
| Earnings Yield | 5.16% | 5.67% | 6.80% | 5.20% | 5.33% | 5.16% |
| FCF Yield | -7.79% | -1.31% | -10.65% | -21.40% | -2.10% | -2.20% |
| Dividend Yield | 4.84% | 4.44% | 4.70% | 4.33% | 3.65% | 3.21% |
| Payout Ratio | 93.56% | 73.53% | 63.90% | 78.51% | 67.81% | 61.48% |
| Buyback Yield / Dilution | -6.10% | -6.32% | -6.34% | -9.27% | -0.02% | 0.02% |
| Total Shareholder Return | -1.20% | -1.88% | -1.64% | -4.93% | 3.63% | 3.23% |