| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | 1 | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 1.14 |
—
—
—
|
| 2025 | 1.09 |
—
—
—
—
|
| 2024 | 1.03 |
—
—
—
—
|
| 2023 | 0.96 |
—
—
—
—
|
| 2022 | 0.88 |
—
—
—
—
|
| 2021 | 1.66 |
—
—
—
—
|
| 2020 | 1.66 |
—
—
—
—
|
| 2019 | 1.65 |
—
—
—
—
|
| 2018 | 1.64 |
—
—
—
—
|
| 2017 | 1.58 |
—
—
—
—
|
| 2016 | 1.52 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 331.00 | 306.00 | 1,071.00 | 332.00 |
| Receivables | 1,221.00 | 1,037.00 | 1,225.00 | 1,248.00 |
| Inventory | 505.00 | 511.00 | 551.00 | 597.00 |
| Other | 772.00 | 890.00 | 978.00 | 810.00 |
| 2,932.00 | 2,880.00 | 3,931.00 | 3,165.00 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 1,104.00 | 1,196.00 | 1,559.00 | 1,360.00 |
| ST’ Debt | 993.00 | 854.00 | 1,360.00 | 534.00 |
| Other | 816.00 | 837.00 | 1,044.00 | 1,074.00 |
| 3,340.00 | 3,333.00 | 4,546.00 | 3,497.00 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 2,774.00 | 2,111.00 | — | — |
—
|
| ’25 | 2,504.00 | 2,025.00 | 2,239.00 | 2,274.00 |
9,042.00
|
| ’24 | 2,304.00 | 1,881.00 | 2,066.00 | 2,211.00 |
8,462.00
|
| ’23 | 2,415.00 | 1,823.00 | 2,043.00 | 2,031.00 |
8,312.00
|
| ’22 | 1,782.00 | 1,696.00 | 2,134.00 | 2,290.00 |
7,902.00
|
| ’21 | 1,498.00 | 1,288.00 | 1,512.00 | 1,485.00 |
5,783.00
|
| ’20 | 1,440.00 | 1,263.00 | 1,400.00 | 1,371.00 |
5,474.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 557.00 | 583.00 | — | — |
—
|
| ’25 | 513.00 | 602.00 | 966.00 | 548.00 |
2,629.00
|
| ’24 | 282.00 | 766.00 | 781.00 | 511.00 |
2,340.00
|
| ’23 | 430.00 | 412.00 | 806.00 | 110.00 |
1,758.00
|
| ’22 | 502.00 | 477.00 | 532.00 | 219.00 |
1,730.00
|
| ’21 | 663.00 | 858.00 | 457.00 | 292.00 |
2,270.00
|
| ’20 | 692.00 | 607.00 | 948.00 | 499.00 |
2,746.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (501.00) | (698.00) | — | — |
—
|
| ’25 | (280.00) | (328.00) | (179.00) | (614.00) |
(1,401.00)
|
| ’24 | (314.00) | 96.00 | 102.00 | (349.00) |
(465.00)
|
| ’23 | (69.00) | (179.00) | 155.00 | (539.00) |
(632.00)
|
| ’22 | 75.00 | (105.00) | 26.00 | (421.00) |
(425.00)
|
| ’21 | 192.00 | 360.00 | (34.00) | (221.00) |
297.00
|
| ’20 | 76.00 | 65.00 | 416.00 | (81.00) |
476.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.60 | 0.30 | — | — |
—
|
| ’25 | 0.56 | 0.25 | 0.43 | 0.36 |
1.59
|
| ’24 | 0.42 | 0.26 | 0.29 | 0.24 |
1.20
|
| ’23 | 0.39 | 0.15 | 0.31 | 0.15 |
1.00
|
| ’22 | 0.37 | 0.16 | 0.24 | 0.26 |
1.02
|
| ’21 | (2.39) | 0.03 | 0.27 | 0.18 |
(1.93)
|
| ’20 | 0.72 | 0.45 | 0.37 | 0.38 |
1.91
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.47 | 22.20 | 25.35 | 31.22 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.99 | 31.74 | 35.15 | 38.27 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6,527 | 6,629 | 6,653 | 6,546 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.21 | 1.25 | 1.27 | 1.38 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7,902.00 | 8,312.00 | 8,462.00 | 9,042.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 66.88% | 69.03% | 70.91% | 69.62% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 915.00 | 924.00 | 1,116.00 | 1,472.00 | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.58% | 11.12% | 13.19% | 16.28% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 756.00 | 740.00 | 888.00 | 1,181.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,233.00 | 1,335.00 | 1,357.00 | 1,416.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.74 | 11.28 | 11.47 | 12.23 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 1.03 | 1.00 | 1.20 | 1.60 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.35 | 2.39 | 3.17 | 3.56 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.93) | (3.24) | (3.80) | (5.45) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.58) | (0.86) | (0.63) | (1.89) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 18.91 | 18.90 | 19.08 | 20.13 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 736.03 | 737.04 | 737.76 | 739.41 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | 28.63 | 27.51 | 26.83 | 21.89 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.72 | 2.44 | 2.83 | 2.86 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.54 | 1.46 | 1.70 | 1.74 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.48 | 4.28 | 4.78 | 4.89 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (78.41) | (54.03) | (82.38) | (30.96) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,730.00 | 1,758.00 | 2,340.00 | 2,629.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2,155.00) | (2,390.00) | (2,805.00) | (4,030.00) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (425.00) | (632.00) | (465.00) | (1,401.00) | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (965.00) | (408.00) | (453.00) | (615.00) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14,228.00 | 15,604.00 | 16,806.00 | 19,350.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13,872.00 | 15,273.00 | 16,500.00 | 18,279.00 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13,918.00 | 13,933.00 | 14,077.00 | 14,881.00 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.12% | 1.92% | 2.21% | 2.73% | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.09% | 3.49% | 3.56% | 4.01% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.46% | 5.31% | 6.33% | 8.14% | ‡‡‡‡‡ | — | — |
ROE
|
PPL Corporation has transformed into a pure-play regulated electric utility following its 2022 spin-off of Talen Energy, slashing headcount by over 55% and driving explosive efficiency gains—revenue per employee surged 186% to $1.27 million in 2024. Revenues rebounded robustly from a pandemic low, reaching $8.46 billion in 2024 (up 15.6% from 2022), with projections accelerating to $10 billion by 2027 amid grid upgrades, electrification trends, and supportive Pennsylvania regulation. Profitability metrics reflect this pivot: EPS climbed from a 2021 loss to $1.20 in 2024 (projected 76% growth through 2027), ROE stabilized at 6.3% with further upside, and margins expanded despite spin-off disruptions.
The balance sheet remains resilient with debt reduced post-spin but rising to fund aggressive capex ($2.81 billion annually), yielding chronic negative free cash flow—a hallmark of growth utilities. Trading near highs with a forward PE compressing to 18x by 2027, the stock embeds 6% consensus upside (high-end 16%), offering defensive yield and undervaluation potential per DCF models. However, insider selling (zero buys, $992K in executive sales) signals caution amid escalating capex risks, interest rates, and regulatory uncertainties.
Forward tailwinds like AI data center demand position PPL for 6-8% earnings growth, outpacing the sector, but watch FCF gaps and Q1 2026 updates for confirmation.
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