Regulated Electric
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PPL vs WEC
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Electric
PPL vs WEC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Regulated Electric | Regulated Electric |
| Market Cap | $27.48B | $37.11B |
| Revenue (TTM) | $9.04B | $10.08B |
| Net Income (TTM) | $1.18B | $1.64B |
| Gross Margin | 39.1% | 55.7% |
| Operating Margin | 23.6% | 24.0% |
| Forward P/E | 18.9x | 20.4x |
| Total Debt | $18.45B | $22.31B |
| Cash & Equiv. | $1.07B | $28M |
PPL vs WEC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| PPL Corporation (PPL) | 100 | 132.0 | +32.0% |
| WEC Energy Group, I… (WEC) | 100 | 124.2 | +24.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PPL vs WEC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
PPL is the clearest fit if your priority is growth exposure and sleep-well-at-night.
- Rev growth 6.9%, EPS growth 33.3%, 3Y rev CAGR 4.6%
- Lower volatility, beta 0.05, Low D/E 85.3%, current ratio 1.14x
- Beta 0.05, yield 2.9%, current ratio 1.14x
WEC carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 23 yrs, beta -0.03, yield 3.1%
- 138.3% 10Y total return vs PPL's 31.7%
- 14.0% revenue growth vs PPL's 6.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 14.0% revenue growth vs PPL's 6.9% | |
| Value | Lower P/E (18.9x vs 20.4x) | |
| Quality / Margins | 16.2% margin vs PPL's 13.1% | |
| Stability / Safety | Lower D/E ratio (85.3% vs 158.8%) | |
| Dividends | 3.1% yield, 23-year raise streak, vs PPL's 2.9% | |
| Momentum (1Y) | +7.1% vs PPL's +5.2% | |
| Efficiency (ROA) | 3.3% ROA vs PPL's 2.6%, ROIC 5.1% vs 4.6% |
PPL vs WEC — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
PPL vs WEC — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
WEC leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
WEC and PPL operate at a comparable scale, with $10.1B and $9.0B in trailing revenue. Profitability is closely matched — net margins range from 16.2% (WEC) to 13.1% (PPL). On growth, WEC holds the edge at +9.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $9.0B | $10.1B |
| EBITDAEarnings before interest/tax | $3.5B | $3.9B |
| Net IncomeAfter-tax profit | $1.2B | $1.6B |
| Free Cash FlowCash after capex | -$1.4B | -$1.1B |
| Gross MarginGross profit ÷ Revenue | +39.1% | +55.7% |
| Operating MarginEBIT ÷ Revenue | +23.6% | +24.0% |
| Net MarginNet income ÷ Revenue | +13.1% | +16.2% |
| FCF MarginFCF ÷ Revenue | -15.5% | -11.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.8% | +9.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +50.0% | +7.9% |
Valuation Metrics
PPL leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
At 23.1x trailing earnings, PPL trades at a 2% valuation discount to WEC's 23.6x P/E. On an enterprise value basis, PPL's 12.7x EV/EBITDA is more attractive than WEC's 15.4x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $27.5B | $37.1B |
| Enterprise ValueMkt cap + debt − cash | $44.9B | $59.4B |
| Trailing P/EPrice ÷ TTM EPS | 23.05x | 23.59x |
| Forward P/EPrice ÷ next-FY EPS est. | 18.91x | 20.36x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.75x |
| EV / EBITDAEnterprise value multiple | 12.69x | 15.41x |
| Price / SalesMarket cap ÷ Revenue | 3.04x | 3.79x |
| Price / BookPrice ÷ Book value/share | 1.27x | 2.66x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
WEC leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
WEC delivers a 11.6% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $5 for PPL. PPL carries lower financial leverage with a 0.85x debt-to-equity ratio, signaling a more conservative balance sheet compared to WEC's 1.59x. On the Piotroski fundamental quality scale (0–9), PPL scores 6/9 vs WEC's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +5.5% | +11.6% |
| ROA (TTM)Return on assets | +2.6% | +3.3% |
| ROICReturn on invested capital | +4.6% | +5.1% |
| ROCEReturn on capital employed | +5.3% | +5.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 0.85x | 1.59x |
| Net DebtTotal debt minus cash | $17.4B | $22.3B |
| Cash & Equiv.Liquid assets | $1.1B | $28M |
| Total DebtShort + long-term debt | $18.4B | $22.3B |
| Interest CoverageEBIT ÷ Interest expense | 2.64x | 2.87x |
Total Returns (Dividends Reinvested)
Evenly matched — PPL and WEC each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PPL five years ago would be worth $14,690 today (with dividends reinvested), compared to $13,258 for WEC. Over the past 12 months, WEC leads with a +7.1% total return vs PPL's +5.2%. The 3-year compound annual growth rate (CAGR) favors PPL at 11.8% vs WEC's 9.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +5.9% | +7.9% |
| 1-Year ReturnPast 12 months | +5.2% | +7.1% |
| 3-Year ReturnCumulative with dividends | +39.9% | +30.6% |
| 5-Year ReturnCumulative with dividends | +46.9% | +32.6% |
| 10-Year ReturnCumulative with dividends | +31.7% | +138.3% |
| CAGR (3Y)Annualised 3-year return | +11.8% | +9.3% |
Risk & Volatility
WEC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
WEC is the less volatile stock with a -0.03 beta — it tends to amplify market swings less than PPL's 0.05 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WEC currently trades 95.3% from its 52-week high vs PPL's 92.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.05x | -0.03x |
| 52-Week HighHighest price in past year | $40.10 | $119.62 |
| 52-Week LowLowest price in past year | $33.12 | $100.61 |
| % of 52W HighCurrent price vs 52-week peak | +92.0% | +95.3% |
| RSI (14)Momentum oscillator 0–100 | 39.4 | 48.5 |
| Avg Volume (50D)Average daily shares traded | 7.5M | 1.8M |
Analyst Outlook
WEC leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates PPL as "Buy" and WEC as "Hold". Consensus price targets imply 12.7% upside for PPL (target: $42) vs 7.8% for WEC (target: $123). For income investors, WEC offers the higher dividend yield at 3.07% vs PPL's 2.89%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $41.57 | $122.78 |
| # AnalystsCovering analysts | 29 | 34 |
| Dividend YieldAnnual dividend ÷ price | +2.9% | +3.1% |
| Dividend StreakConsecutive years of raises | 2 | 23 |
| Dividend / ShareAnnual DPS | $1.07 | $3.50 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.0% |
WEC leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). PPL leads in 1 (Valuation Metrics). 1 tied.
PPL vs WEC: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PPL or WEC a better buy right now?
For growth investors, WEC Energy Group, Inc.
(WEC) is the stronger pick with 14. 0% revenue growth year-over-year, versus 6. 9% for PPL Corporation (PPL). PPL Corporation (PPL) offers the better valuation at 23. 1x trailing P/E (18. 9x forward), making it the more compelling value choice. Analysts rate PPL Corporation (PPL) a "Buy" — based on 29 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — PPL or WEC?
On trailing P/E, PPL Corporation (PPL) is the cheapest at 23.
1x versus WEC Energy Group, Inc. at 23. 6x. On forward P/E, PPL Corporation is actually cheaper at 18. 9x.
03Which is the better long-term investment — PPL or WEC?
Over the past 5 years, PPL Corporation (PPL) delivered a total return of +46.
9%, compared to +32. 6% for WEC Energy Group, Inc. (WEC). Over 10 years, the gap is even starker: WEC returned +138. 3% versus PPL's +31. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — PPL or WEC?
By beta (market sensitivity over 5 years), WEC Energy Group, Inc.
(WEC) is the lower-risk stock at -0. 03β versus PPL Corporation's 0. 05β — meaning PPL is approximately -278% more volatile than WEC relative to the S&P 500. On balance sheet safety, PPL Corporation (PPL) carries a lower debt/equity ratio of 85% versus 159% for WEC Energy Group, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — PPL or WEC?
By revenue growth (latest reported year), WEC Energy Group, Inc.
(WEC) is pulling ahead at 14. 0% versus 6. 9% for PPL Corporation (PPL). On earnings-per-share growth, the picture is similar: PPL Corporation grew EPS 33. 3% year-over-year, compared to 0. 0% for WEC Energy Group, Inc.. Over a 3-year CAGR, PPL leads at 4. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — PPL or WEC?
WEC Energy Group, Inc.
(WEC) is the more profitable company, earning 15. 9% net margin versus 13. 1% for PPL Corporation — meaning it keeps 15. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WEC leads at 24. 2% versus 23. 6% for PPL. At the gross margin level — before operating expenses — WEC leads at 50. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is PPL or WEC more undervalued right now?
On forward earnings alone, PPL Corporation (PPL) trades at 18.
9x forward P/E versus 20. 4x for WEC Energy Group, Inc. — 1. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PPL: 12. 7% to $41. 57.
08Which pays a better dividend — PPL or WEC?
All stocks in this comparison pay dividends.
WEC Energy Group, Inc. (WEC) offers the highest yield at 3. 1%, versus 2. 9% for PPL Corporation (PPL).
09Is PPL or WEC better for a retirement portfolio?
For long-horizon retirement investors, WEC Energy Group, Inc.
(WEC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 03), 3. 1% yield, +138. 3% 10Y return). Both have compounded well over 10 years (WEC: +138. 3%, PPL: +31. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between PPL and WEC?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: PPL is a mid-cap quality compounder stock; WEC is a mid-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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