8-K Announcements
6Mar 24, 2026·SEC
Mar 13, 2026·SEC
Mar 6, 2026·SEC
PPL Corporation (PPL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
PPL Corporation (PPL) stock price & volume — 10-year historical chart
PPL Corporation (PPL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
PPL Corporation (PPL) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 20, 2026 | $0.41vs $0.41+0.2% | $2.3Bvs $2.4B-6.0% |
| Q4 2025 | Nov 5, 2025 | $0.48vs $0.46+4.4% | $2.2Bvs $2.1B+9.0% |
| Q3 2025 | Jul 31, 2025 | $0.32vs $0.39-16.9% | $2.0Bvs $1.8B+11.6% |
| Q2 2025 | Apr 30, 2025 | $0.60vs $0.55+8.5% | $2.5Bvs $2.2B+16.4% |
PPL Corporation (PPL) competitors in Electric and gas combination utilities — business model, growth, and fundamentals comparison
PPL Corporation (PPL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PPL Corporation (PPL) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.45B | 7.79B | 5.6B | 5.47B | 5.78B | 7.9B | 8.31B | 8.46B | 9.04B |
| Revenue Growth % | -0.93% | 4.54% | -28.04% | -2.28% | 5.64% | 36.64% | 5.19% | 1.8% | 6.85% |
| Cost of Revenue | 3.25B | 3.53B | 2.94B | 2.69B | 3.07B | 5.01B | 5.04B | 5.07B | 5.51B |
| Gross Profit | 4.2B▲ 0% | 4.26B▲ 1.4% | 2.66B▼ 37.5% | 2.79B▲ 4.8% | 2.71B▼ 2.7% | 2.89B▲ 6.4% | 3.28B▲ 13.5% | 3.39B▲ 3.6% | 3.53B▲ 4.1% |
| Gross Margin % | 56.41% | 54.69% | 47.5% | 50.93% | 46.91% | 36.54% | 39.41% | 40.1% | 39.05% |
| Gross Profit Growth % | 0.91% | 1.36% | -37.51% | 4.77% | -2.69% | 6.41% | 13.47% | 3.57% | 4.07% |
| Operating Expenses | 1.3B | 1.41B | 1.14B | 1.2B | 1.29B | 1.51B | 1.65B | 1.65B | 1.4B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| EBITDA | 4.01B | 4.02B | 2.53B | 2.67B | 2.54B | 2.61B | 2.96B | 3.1B | 3.54B |
| EBITDA Margin % | 53.79% | 51.69% | 45.22% | 48.7% | 44.01% | 32.99% | 35.67% | 36.6% | 39.1% |
| EBITDA Growth % | 1.62% | 0.45% | -37.05% | 5.25% | -4.54% | 2.44% | 13.73% | 4.45% | 14.14% |
| Depreciation & Amortization | 1.1B | 1.17B | 1.01B | 1.08B | 1.12B | 1.23B | 1.33B | 1.36B | 1.4B |
| D&A / Revenue % | 14.84% | 15.05% | 17.98% | 19.73% | 19.38% | 15.6% | 16.06% | 16.04% | 15.53% |
| Operating Income (EBIT) | 2.9B▲ 0% | 2.85B▼ 1.7% | 1.53B▼ 46.5% | 1.59B▲ 3.9% | 1.42B▼ 10.2% | 1.37B▼ 3.5% | 1.63B▲ 18.6% | 1.74B▲ 6.7% | 2.13B▲ 22.5% |
| Operating Margin % | 38.96% | 36.63% | 27.24% | 28.97% | 24.62% | 17.39% | 19.61% | 20.56% | 23.57% |
| Operating Income Growth % | -1.19% | -1.69% | -46.49% | 3.93% | -10.21% | -3.51% | 18.63% | 6.75% | 22.47% |
| Interest Expense | 901M | 963M | 621M | 634M | 918M | 513M | 666M | 738M | 808M |
| Interest Coverage | 3.22x | 2.96x | 2.46x | 2.50x | 1.55x | 2.68x | 2.45x | 2.36x | 2.64x |
| Interest / Revenue % | 12.1% | 12.37% | 11.09% | 11.58% | 15.87% | 6.49% | 8.01% | 8.72% | 8.94% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Pretax Income | 1.91B▲ 0% | 2.29B▲ 19.5% | 919M▼ 59.8% | 954M▲ 3.8% | 521M▼ 45.4% | 915M▲ 75.6% | 924M▲ 1.0% | 1.12B▲ 20.8% | 1.47B▲ 31.9% |
| Pretax Margin % | 25.67% | 29.35% | 16.4% | 17.43% | 9.01% | 11.58% | 11.12% | 13.19% | 16.28% |
| Income Tax | 784M | 458M | 183M | 314M | 503M | 201M | 184M | 228M | 291M |
| Effective Tax Rate % | 41% | 20.04% | 19.91% | 32.91% | 96.55% | 21.97% | 19.91% | 20.43% | 19.77% |
| Net Income | 1.13B▲ 0% | 1.83B▲ 62.0% | 1.75B▼ 4.4% | 1.47B▼ 15.9% | -1.48B▼ 200.7% | 756M▲ 151.1% | 740M▼ 2.1% | 888M▲ 20.0% | 1.18B▲ 33.0% |
| Net Margin % | 15.15% | 23.47% | 31.17% | 26.84% | -25.59% | 9.57% | 8.9% | 10.49% | 13.06% |
| Net Income Growth % | -40.69% | 61.97% | -4.43% | -15.86% | -200.75% | 151.08% | -2.12% | 20% | 33% |
| EPS (Diluted) | 1.64▲ 0% | 2.58▲ 57.3% | 2.37▼ 8.1% | 1.91▼ 19.4% | -1.93▼ 201.0% | 1.02▲ 152.8% | 1.00▼ 2.0% | 1.20▲ 20.0% | 1.60▲ 33.3% |
| EPS Growth % | -41.22% | 57.32% | -8.14% | -19.41% | -201.05% | 152.85% | -1.96% | 20% | 33.33% |
| EPS (Basic) | 1.64 | 2.59 | 2.39 | 1.91 | -1.93 | 1.02 | 1.00 | 1.20 | 1.60 |
| Diluted Shares Outstanding | 687.33M | 708.62M | 736.75M | 769.38M | 764.82M | 736.9M | 738.17M | 739.85M | 745.14M |
PPL Corporation (PPL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 41.48B | 43.4B | 45.68B | 48.12B | 33.22B | 37.84B | 39.24B | 41.07B | 45.24B |
| Asset Growth % | 8.26% | 4.62% | 5.26% | 5.33% | -30.95% | 13.89% | 3.7% | 4.67% | 10.17% |
| PP&E (Net) | 33.09B | 34.46B | 36.48B | 24.5B | 25.47B | 30.24B | 31.42B | 33.15B | 71M |
| PP&E / Total Assets % | 79.78% | 79.4% | 79.86% | 50.92% | 76.66% | 79.92% | 80.07% | 80.72% | 0.16% |
| Total Current Assets | 2.29B | 2.43B | 2.77B | 20.9B | 5.01B | 2.82B | 2.93B | 2.88B | 2.3B |
| Cash & Equivalents | 485M | 621M | 815M | 442M | 3.57B | 356M | 331M | 306M | 1.07B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 320M | 303M | 332M | 302M | 322M | 443M | 505M | 511M | 0 |
| Other Current Assets | 199M | 279M | 245M | 19.2B | 164M | 485M | 344M | 481M | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 0 |
| Goodwill | 3.26B | 3.16B | 3.2B | 716M | 716M | 2.25B | 2.25B | 2.25B | 2.25B |
| Intangible Assets | 697M | 717M | 743M | 351M | 343M | 313M | 306M | 314M | 327M |
| Other Assets | 2.14B | 2.63B | 2.49B | 1.65B | 1.69B | 2.21B | 2.33B | 2.48B | 0 |
| Total Liabilities | 30.72B | 31.74B | 32.69B | 34.74B | 19.5B | 23.92B | 25.3B | 26.99B | 23.62B |
| Total Debt | 21.27B | 22.03B | 23.04B | 15.86B | 11.21B | 14.23B | 15.6B | 16.81B | 18.45B |
| Net Debt | 20.79B | 21.41B | 22.23B | 15.41B | 7.64B | 13.87B | 15.27B | 16.5B | 17.38B |
| Long-Term Debt | 19.85B | 20.07B | 20.72B | 13.62B | 10.67B | 12.89B | 14.61B | 15.95B | 17.99B |
| Short-Term Borrowings | 1.43B | 1.96B | 2.32B | 2.24B | 543M | 1.34B | 993M | 854M | 456M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 4.02B | 4.56B | 4.9B | 15.05B | 2.32B | 3.79B | 3.34B | 3.33B | 2.02B |
| Accounts Payable | 924M | 989M | 956M | 745M | 679M | 1.2B | 1.1B | 1.2B | 1.56B |
| Accrued Expenses | 282M | 278M | 294M | 113M | 81M | 97M | 124M | 157M | 0 |
| Deferred Revenue | 292M | 257M | 261M | 300M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 719M | 673M | 650M | 11.27B | 619M | 862M | 816M | 837M | 0 |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Liabilities | 4.26B | 4.18B | 3.86B | 3.42B | 3.24B | 4.12B | 4.13B | 4.24B | 0 |
| Total Equity | 10.76B▲ 0% | 11.66B▲ 8.3% | 12.99B▲ 11.4% | 13.37B▲ 2.9% | 13.72B▲ 2.6% | 13.92B▲ 1.4% | 13.93B▲ 0.1% | 14.08B▲ 1.0% | 21.62B▲ 53.6% |
| Equity Growth % | 8.71% | 8.33% | 11.44% | 2.94% | 2.62% | 1.42% | 0.11% | 1.03% | 53.61% |
| Shareholders Equity | 10.76B | 11.66B | 12.99B | 13.37B | 13.72B | 13.91B | 13.93B | 14.08B | 14.88B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 3M | 0 | 0 | 0 |
| Common Stock | 7M | 7M | 8M | 8M | 8M | 8M | 8M | 8M | 8M |
| Additional Paid-in Capital | 10.3B | 11.02B | 12.21B | 12.27B | 12.3B | 12.32B | 12.33B | 12.35B | 12.44B |
| Retained Earnings | 3.87B | 4.59B | 5.13B | 5.32B | 2.57B | 2.68B | 2.71B | 2.83B | 3.21B |
| Accumulated OCI | -3.42B | -3.96B | -4.36B | -4.22B | -157M | -124M | -163M | -184M | -202M |
| Return on Assets (ROA) | 2.83% | 4.31% | 3.92% | 3.13% | -3.64% | 2.13% | 1.92% | 2.21% | 2.74% |
| Return on Equity (ROE) | 10.92% | 16.3% | 14.17% | 11.14% | -10.92% | 5.47% | 5.31% | 6.34% | 6.62% |
| Debt / Equity | 1.98x | 1.89x | 1.77x | 1.19x | 0.82x | 1.02x | 1.12x | 1.19x | 0.85x |
| Debt / Assets | 51.29% | 50.76% | 50.45% | 32.96% | 33.74% | 37.6% | 39.77% | 40.92% | 40.77% |
| Net Debt / EBITDA | 5.19x | 5.32x | 8.78x | 5.78x | 3.00x | 5.32x | 5.15x | 5.33x | 4.92x |
| Book Value per Share | 15.66 | 16.45 | 17.63 | 17.38 | 17.94 | 18.89 | 18.88 | 19.03 | 29.02 |
PPL Corporation (PPL) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 2.46B | 2.82B | 2.43B | 2.75B | 2.27B | 1.73B | 1.76B | 2.34B | 2.63B |
| Operating CF Growth % | -14.84% | 14.63% | -13.97% | 13.14% | -17.33% | -23.79% | 1.62% | 33.11% | 12.35% |
| Operating CF / Revenue % | 33.05% | 36.24% | 43.32% | 50.16% | 39.25% | 21.89% | 21.15% | 27.65% | 29.08% |
| Net Income | 1.13B | 1.83B | 736M | 640M | 18M | 714M | 740M | 888M | 1.18B |
| Depreciation & Amortization | 1.1B | 1.17B | 1.01B | 1.08B | 1.12B | 1.23B | 1.33B | 1.36B | 1.42B |
| Deferred Taxes | 707M | 355M | 169M | 169M | 87M | 179M | 322M | 196M | 192M |
| Other Non-Cash Items | -471M | -712M | 656M | 713M | 985M | -41M | -533M | -140M | -87M |
| Working Capital Changes | -46M | 153M | -177M | 115M | 22M | -392M | -139M | -7M | -79M |
| Capital Expenditures | -3.13B | -3.24B | -3.08B | -2.27B | 7.96B | -5.65B | -2.39B | -2.81B | -4.03B |
| CapEx / Revenue % | 42.58% | 41.59% | 55.03% | 59.35% | 137.59% | 71.55% | 28.75% | 33.15% | 44.57% |
| CapEx / D&A | 2.87x | 2.76x | 3.06x | 3.01x | 7.10x | 4.59x | 1.79x | 2.07x | 2.83x |
| CapEx Coverage (OCF/CapEx) | 0.78x | 0.87x | 0.79x | 0.85x | 0.29x | 0.31x | 0.74x | 0.83x | 0.65x |
| Cash from Investing | -3.16B | -3.36B | -3.08B | -3.26B | 7.96B | -5.65B | -2.38B | -2.82B | -4B |
| Acquisitions | 0 | 0 | 0 | 0 | 10.56B | -3.51B | 0 | 0 | 0 |
| Purchase of Investments | 0 | -65M | -55M | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 1000K | 1000K | 0 | 1000K | 0 | 0 | 0 |
| Other Investing | -28M | -64M | -11M | -18M | -630M | -131M | 7M | -13M | 26M |
| Cash from Financing | 824M | 690M | 836M | 386M | -7.39B | 709M | 650M | 435M | 2.12B |
| Dividends Paid | -1.07B | -1.13B | -1.19B | -1.27B | -1.28B | -787M | -704M | -747M | -794M |
| Dividend Payout Ratio % | 95.04% | 62.01% | 68.27% | 86.79% | - | 104.1% | 95.14% | 84.12% | 67.23% |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K |
| Stock Issued | 453M | 698M | 1.17B | 0 | 9M | 0 | 0 | 0 | 401M |
| Share Repurchases | 0 | 0 | 0 | 0 | -1B | 0 | 0 | 0 | 0 |
| Other Financing | -19M | -20M | -26M | 458M | -72M | -6M | -51M | -23M | -67M |
| Net Change in Cash | 144M▲ 0% | 132M▼ 8.3% | 193M▲ 46.2% | -375M▼ 294.3% | 3.13B▲ 934.4% | -3.21B▼ 202.7% | 25M▲ 100.8% | -43M▼ 272.0% | 747M▲ 1837.2% |
| Exchange Rate Effect | 1000K | -1000K | 1000K | -1000K | 1000K | 0 | 0 | 0 | 0 |
| Cash at Beginning | 341M | 511M | 643M | 818M | 443M | 3.57B | 357M | 382M | 339M |
| Cash at End | 485M | 643M | 836M | 443M | 3.57B | 357M | 382M | 339M | 1.09B |
| Free Cash Flow | -710M▲ 0% | -417M▲ 41.3% | -656M▼ 57.3% | 476M▲ 172.6% | 10.23B▲ 2048.5% | -3.92B▼ 138.4% | -632M▲ 83.9% | -465M▲ 26.4% | -1.4B▼ 201.3% |
| FCF Growth % | -959.7% | 41.27% | -57.31% | 172.56% | 2048.53% | -138.37% | 83.89% | 26.42% | -201.29% |
| FCF Margin % | -9.53% | -5.36% | -11.71% | 8.7% | 176.85% | -49.66% | -7.6% | -5.5% | -15.49% |
| FCF / Net Income % | -62.94% | -22.82% | -37.57% | 32.4% | -691.01% | -519.05% | -85.41% | -52.36% | -118.63% |
PPL Corporation (PPL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 19.19% | 10.92% | 16.3% | 14.17% | 11.14% | -10.92% | 5.47% | 5.31% | 6.34% | 6.62% |
| EBITDA Margin | 52.44% | 53.79% | 51.69% | 45.22% | 48.7% | 44.01% | 32.99% | 35.67% | 36.6% | 39.1% |
| Net Debt / EBITDA | 4.80x | 5.19x | 5.32x | 8.78x | 5.78x | 3.00x | 5.32x | 5.15x | 5.33x | 4.92x |
| Interest Coverage | 3.31x | 3.22x | 2.96x | 2.46x | 2.50x | 1.55x | 2.68x | 2.45x | 2.36x | 2.64x |
| CapEx / Revenue | 39.34% | 42.58% | 41.59% | 55.03% | 59.35% | 137.59% | 71.55% | 28.75% | 33.15% | 44.57% |
| Dividend Payout Ratio | 54.15% | 95.04% | 62.01% | 68.27% | 86.79% | - | 104.1% | 95.14% | 84.12% | 67.23% |
| Debt / Equity | 1.94x | 1.98x | 1.89x | 1.77x | 1.19x | 0.82x | 1.02x | 1.12x | 1.19x | 0.85x |
| EPS Growth | 176.24% | -41.22% | 57.32% | -8.14% | -19.41% | -201.05% | 152.85% | -1.96% | 20% | 33.33% |
PPL Corporation (PPL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 24, 2026·SEC
Mar 13, 2026·SEC
Mar 6, 2026·SEC
PPL Corporation (PPL) stock FAQ — growth, dividends, profitability & financials explained
PPL Corporation (PPL) reported $9.04B in revenue for fiscal year 2025. This represents a 211% increase from $2.91B in 1996.
PPL Corporation (PPL) grew revenue by 6.9% over the past year. This is steady growth.
Yes, PPL Corporation (PPL) is profitable, generating $1.18B in net income for fiscal year 2025 (13.1% net margin).
Yes, PPL Corporation (PPL) pays a dividend with a yield of 2.89%. This makes it attractive for income-focused investors.
PPL Corporation (PPL) has a return on equity (ROE) of 6.6%. This is below average, suggesting room for improvement.
PPL Corporation (PPL) had negative free cash flow of $1.40B in fiscal year 2025, likely due to heavy capital investments.
PPL Corporation (PPL) has a dividend payout ratio of 67%. This suggests the dividend is well-covered and sustainable.
PPL Corporation (PPL) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates