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PBA vs PPL
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Electric
PBA vs PPL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Midstream | Regulated Electric |
| Market Cap | $26.12B | $27.40B |
| Revenue (TTM) | $7.81B | $9.04B |
| Net Income (TTM) | $1.69B | $1.18B |
| Gross Margin | 39.5% | 39.1% |
| Operating Margin | 36.0% | 23.6% |
| Forward P/E | 15.1x | 18.9x |
| Total Debt | $13.31B | $18.45B |
| Cash & Equiv. | $106M | $1.07B |
PBA vs PPL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Pembina Pipeline Co… (PBA) | 100 | 179.5 | +79.5% |
| PPL Corporation (PPL) | 100 | 131.6 | +31.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PBA vs PPL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
PBA carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 2 yrs, beta 0.00, yield 5.0%
- 127.9% 10Y total return vs PPL's 31.0%
- Lower volatility, beta 0.00, Low D/E 79.4%, current ratio 0.61x
PPL is the clearest fit if your priority is growth exposure.
- Rev growth 6.9%, EPS growth 33.3%, 3Y rev CAGR 4.6%
- 6.9% revenue growth vs PBA's 5.3%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 6.9% revenue growth vs PBA's 5.3% | |
| Value | Lower P/E (15.1x vs 18.9x) | |
| Quality / Margins | 21.7% margin vs PPL's 13.1% | |
| Stability / Safety | Beta 0.00 vs PPL's 0.05, lower leverage | |
| Dividends | 5.0% yield, 2-year raise streak, vs PPL's 2.9% | |
| Momentum (1Y) | +19.2% vs PPL's +4.2% | |
| Efficiency (ROA) | 4.8% ROA vs PPL's 2.6%, ROIC 6.9% vs 4.6% |
PBA vs PPL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
PBA vs PPL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
PBA leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PPL and PBA operate at a comparable scale, with $9.0B and $7.8B in trailing revenue. PBA is the more profitable business, keeping 21.7% of every revenue dollar as net income compared to PPL's 13.1%. On growth, PPL holds the edge at +2.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $7.8B | $9.0B |
| EBITDAEarnings before interest/tax | $3.8B | $3.5B |
| Net IncomeAfter-tax profit | $1.7B | $1.2B |
| Free Cash FlowCash after capex | $2.3B | -$1.4B |
| Gross MarginGross profit ÷ Revenue | +39.5% | +39.1% |
| Operating MarginEBIT ÷ Revenue | +36.0% | +23.6% |
| Net MarginNet income ÷ Revenue | +21.7% | +13.1% |
| FCF MarginFCF ÷ Revenue | +29.4% | -15.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -10.8% | +2.8% |
| EPS Growth (YoY)Latest quarter vs prior year | -15.2% | +50.0% |
Valuation Metrics
PPL leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 23.0x trailing earnings, PPL trades at a 0% valuation discount to PBA's 23.1x P/E. On an enterprise value basis, PPL's 12.7x EV/EBITDA is more attractive than PBA's 12.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $26.1B | $27.4B |
| Enterprise ValueMkt cap + debt − cash | $35.8B | $44.8B |
| Trailing P/EPrice ÷ TTM EPS | 23.05x | 22.98x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.09x | 18.86x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 12.87x | 12.67x |
| Price / SalesMarket cap ÷ Revenue | 4.58x | 3.03x |
| Price / BookPrice ÷ Book value/share | 2.13x | 1.27x |
| Price / FCFMarket cap ÷ FCF | 14.32x | — |
Profitability & Efficiency
PBA leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
PBA delivers a 9.9% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $5 for PPL. PBA carries lower financial leverage with a 0.79x debt-to-equity ratio, signaling a more conservative balance sheet compared to PPL's 0.85x. On the Piotroski fundamental quality scale (0–9), PPL scores 6/9 vs PBA's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +9.9% | +5.5% |
| ROA (TTM)Return on assets | +4.8% | +2.6% |
| ROICReturn on invested capital | +6.9% | +4.6% |
| ROCEReturn on capital employed | +8.4% | +5.3% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.79x | 0.85x |
| Net DebtTotal debt minus cash | $13.2B | $17.4B |
| Cash & Equiv.Liquid assets | $106M | $1.1B |
| Total DebtShort + long-term debt | $13.3B | $18.4B |
| Interest CoverageEBIT ÷ Interest expense | 4.76x | 2.64x |
Total Returns (Dividends Reinvested)
PBA leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PBA five years ago would be worth $17,521 today (with dividends reinvested), compared to $14,446 for PPL. Over the past 12 months, PBA leads with a +19.2% total return vs PPL's +4.2%. The 3-year compound annual growth rate (CAGR) favors PBA at 16.3% vs PPL's 11.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +17.9% | +5.5% |
| 1-Year ReturnPast 12 months | +19.2% | +4.2% |
| 3-Year ReturnCumulative with dividends | +57.3% | +39.5% |
| 5-Year ReturnCumulative with dividends | +75.2% | +44.5% |
| 10-Year ReturnCumulative with dividends | +127.9% | +31.0% |
| CAGR (3Y)Annualised 3-year return | +16.3% | +11.7% |
Risk & Volatility
PBA leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
PBA is the less volatile stock with a 0.00 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. PBA currently trades 96.2% from its 52-week high vs PPL's 91.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.00x | 0.05x |
| 52-Week HighHighest price in past year | $46.73 | $40.10 |
| 52-Week LowLowest price in past year | $35.45 | $33.12 |
| % of 52W HighCurrent price vs 52-week peak | +96.2% | +91.7% |
| RSI (14)Momentum oscillator 0–100 | 52.6 | 35.7 |
| Avg Volume (50D)Average daily shares traded | 1.2M | 7.3M |
Analyst Outlook
PBA leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates PBA as "Buy" and PPL as "Buy". Consensus price targets imply 13.1% upside for PPL (target: $42) vs -13.8% for PBA (target: $39). For income investors, PBA offers the higher dividend yield at 4.97% vs PPL's 2.90%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $38.76 | $41.57 |
| # AnalystsCovering analysts | 16 | 29 |
| Dividend YieldAnnual dividend ÷ price | +5.0% | +2.9% |
| Dividend StreakConsecutive years of raises | 2 | 2 |
| Dividend / ShareAnnual DPS | $3.04 | $1.07 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
PBA leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). PPL leads in 1 (Valuation Metrics).
PBA vs PPL: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PBA or PPL a better buy right now?
For growth investors, PPL Corporation (PPL) is the stronger pick with 6.
9% revenue growth year-over-year, versus 5. 3% for Pembina Pipeline Corporation (PBA). PPL Corporation (PPL) offers the better valuation at 23. 0x trailing P/E (18. 9x forward), making it the more compelling value choice. Analysts rate Pembina Pipeline Corporation (PBA) a "Buy" — based on 16 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 — PBA or PPL?
On trailing P/E, PPL Corporation (PPL) is the cheapest at 23.
0x versus Pembina Pipeline Corporation at 23. 1x. On forward P/E, Pembina Pipeline Corporation is actually cheaper at 15. 1x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — PBA or PPL?
Over the past 5 years, Pembina Pipeline Corporation (PBA) delivered a total return of +75.
2%, compared to +44. 5% for PPL Corporation (PPL). Over 10 years, the gap is even starker: PBA returned +127. 9% versus PPL's +31. 0%. 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 — PBA or PPL?
By beta (market sensitivity over 5 years), Pembina Pipeline Corporation (PBA) is the lower-risk stock at 0.
00β versus PPL Corporation's 0. 05β — meaning PPL is approximately 1049% more volatile than PBA relative to the S&P 500. On balance sheet safety, Pembina Pipeline Corporation (PBA) carries a lower debt/equity ratio of 79% versus 85% for PPL Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — PBA or PPL?
By revenue growth (latest reported year), PPL Corporation (PPL) is pulling ahead at 6.
9% versus 5. 3% for Pembina Pipeline Corporation (PBA). On earnings-per-share growth, the picture is similar: PPL Corporation grew EPS 33. 3% year-over-year, compared to -11. 3% for Pembina Pipeline Corporation. 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 — PBA or PPL?
Pembina Pipeline Corporation (PBA) is the more profitable company, earning 21.
8% net margin versus 13. 1% for PPL Corporation — meaning it keeps 21. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PBA leads at 36. 1% versus 23. 6% for PPL. At the gross margin level — before operating expenses — PPL leads at 39. 1%, 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 PBA or PPL more undervalued right now?
On forward earnings alone, Pembina Pipeline Corporation (PBA) trades at 15.
1x forward P/E versus 18. 9x for PPL Corporation — 3. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PPL: 13. 1% to $41. 57.
08Which pays a better dividend — PBA or PPL?
All stocks in this comparison pay dividends.
Pembina Pipeline Corporation (PBA) offers the highest yield at 5. 0%, versus 2. 9% for PPL Corporation (PPL).
09Is PBA or PPL better for a retirement portfolio?
For long-horizon retirement investors, Pembina Pipeline Corporation (PBA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
00), 5. 0% yield, +127. 9% 10Y return). Both have compounded well over 10 years (PBA: +127. 9%, PPL: +31. 0%), 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 PBA and PPL?
These companies operate in different sectors (PBA (Energy) and PPL (Utilities)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: PBA is a mid-cap income-oriented stock; PPL is a mid-cap quality compounder 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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