Saturday 17 October 2026
Export PPL’s income statement to Excel — free account
PPL Corporation
PPL Utilities Utilities Regulated Electric
PPL Corporation’s revenue for fiscal 2025 (year ended December 2025) was $9.0 billion, up 6.85% from fiscal 2024. In the quarter to June 2026, revenue grew 4.25%, EPS grew 24.0%, free cash flow fell 112.8% and total debt rose 14.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for five, operating cash flow growth for three.
35.17
0.69
+2.00%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
12.15 | 18.55 | 10.94 | 14.89 | 14.69 | 0.00 | 28.63 | 27.51 | 26.83 | 21.89 |
Piotroski F-Score |
6 | 5 | 5 | 5 | 6 | 6 | 6 | 5 | 5 | 5 |
P/S ratio |
3.07 | 2.82 | 2.56 | 4.67 | 3.96 | 3.97 | 2.72 | 2.44 | 2.83 | 2.86 |
Altman Z-Score |
1.02 | 0.91 | 0.86 | 0.81 | 0.90 | 1.23 | 0.94 | 0.91 | 0.96 | 0.95 |
Altman Z″-Score (non-manufacturers) |
0.90 | 0.87 | 0.85 | 0.70 | 1.78 | 1.81 | 0.92 | 1.01 | 0.99 | 0.97 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 165.44 | 48.17 | 84.62 | 0.00 | 0.00 | 0.00 | 0.00 |
Beneish M-Score |
(2.64) | (2.58) | (2.59) | (2.47) | (3.12) | (2.55) | (1.88) | (2.49) | (2.81) | (2.49) |
P/Operating CF |
34.94 | 29.66 | 32.66 | 48.50 | 43.44 | 78.54 | 98.14 | 184.33 | 46.86 | 47.25 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 24 |
P/B ratio |
2.33 | 1.95 | 1.71 | 2.01 | 1.62 | 1.67 | 1.54 | 1.46 | 1.70 | 1.74 |
Price to Tangible BV |
3.76 | 3.08 | 2.57 | 2.89 | 1.76 | 1.81 | 1.89 | 1.78 | 2.08 | 2.10 |
EV/Sales |
5.58 | 5.61 | 5.31 | 8.63 | 6.78 | 5.29 | 4.48 | 4.28 | 4.78 | 4.89 |
EV/EBITDA |
10.65 | 10.42 | 10.28 | 19.10 | 13.91 | 12.01 | 13.57 | 11.99 | 13.06 | 12.46 |
EV/Operating CF |
14.52 | 16.97 | 14.66 | 19.93 | 13.51 | 13.47 | 20.44 | 20.22 | 17.29 | 16.80 |
EV/FCF |
(723.56) | (59.83) | (93.37) | 306.13 | 82.42 | 112.81 | (78.41) | (54.03) | (82.38) | (30.96) |
Quick Ratio |
0.27 | 0.31 | 0.30 | 0.33 | 0.08 | 1.81 | 0.37 | 0.46 | 0.40 | 0.51 |
Current Ratio |
0.54 | 0.57 | 0.53 | 0.56 | 1.39 | 2.16 | 0.75 | 0.88 | 0.86 | 0.86 |
Net Debt/EBITDA |
4.80 | 5.19 | 5.32 | 8.78 | 5.78 | 3.00 | 5.32 | 5.15 | 5.33 | 5.16 |
Debt/Assets |
50.24% | 51.29% | 50.76% | 50.45% | 32.96% | 33.74% | 37.60% | 39.77% | 40.92% | 42.77% |
Debt/Equity |
1.94 | 1.98 | 1.89 | 1.77 | 1.19 | 0.82 | 1.02 | 1.12 | 1.19 | 1.30 |
Asset Turnover |
0.19 | 0.19 | 0.18 | 0.13 | 0.12 | 0.14 | 0.22 | 0.22 | 0.21 | 0.21 |
Operating CF/Net income |
1.52 | 2.18 | 1.54 | 1.39 | 1.87 | (1.53) | 2.29 | 2.38 | 2.64 | 2.23 |
Capex/Depreciation |
(2.90) | (2.84) | (2.76) | (2.23) | (2.10) | (1.76) | (1.75) | (1.79) | (2.07) | (2.85) |
Interest Coverage |
3.31 | 3.22 | 2.96 | 2.46 | 2.50 | 1.55 | 2.68 | 2.45 | 2.36 | 2.63 |
| 19.19% | 10.92% | 16.30% | 14.17% | 11.14% | (10.92%) | 5.46% | 5.31% | 6.33% | 8.14% | |
| 4.90% | 2.83% | 4.31% | 3.92% | 3.13% | (3.64%) | 2.12% | 1.92% | 2.21% | 2.73% | |
ROIC |
6.37% | 5.75% | 5.39% | 2.71% | 3.44% | 4.17% | 3.09% | 3.49% | 3.56% | 4.01% |
Return on Tangible Assets |
6.72% | 3.60% | 5.65% | 5.08% | 4.84% | (5.26%) | 2.58% | 2.38% | 2.71% | 3.32% |
Average Days of Receivables |
34.57 | 38.28 | 36.10 | 51.60 | 45.94 | 40.46 | 48.32 | 53.62 | 44.73 | 49.45 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
28.71% | 28.12% | 29.48% | 30.26% | 29.23% | 31.39% | 34.55% | 34.34% | 35.23% | 31.56% |
Intangible Assets out of Total Assets |
0.10 | 0.10 | 0.09 | 0.09 | 0.02 | 0.03 | 0.07 | 0.07 | 0.06 | 0.06 |
Share Based Compensation of Revenue |
0.37% | 0.51% | 0.33% | 0.64% | 0.53% | 0.64% | 0.47% | 0.40% | 0.54% | 0.54% |
Graham Net Nets |
(1.14) | (1.36) | (1.47) | (1.14) | (0.64) | (0.63) | (0.98) | (1.10) | (1.01) | (1.02) |
Graham Number |
30.34 | 24.15 | 31.05 | 31.10 | 27.42 | 0.00 | 20.83 | 20.62 | 22.79 | 26.92 |
Earnings Yield |
8.23% | 5.39% | 9.14% | 6.72% | 6.81% | (6.35%) | 3.49% | 3.64% | 3.73% | 4.57% |
Free Cash Flow Yield |
(0.25%) | (3.33%) | (2.22%) | 0.60% | 2.08% | 1.18% | (2.10%) | (3.25%) | (2.05%) | (5.51%) |
Revenue per Share |
11.09 | 10.87 | 11.05 | 7.69 | 7.12 | 7.58 | 10.74 | 11.28 | 11.47 | 12.23 |
Operating CF per Share |
4.27 | 3.59 | 4.00 | 3.33 | 3.57 | 2.98 | 2.35 | 2.39 | 3.17 | 3.56 |
Capex per Share |
(4.31) | (4.57) | (4.60) | (3.08) | (2.95) | (2.59) | (2.93) | (3.24) | (3.80) | (5.45) |
Free Cash Flow per Share |
(0.04) | (0.98) | (0.59) | 0.25 | 0.62 | 0.39 | (0.58) | (0.86) | (0.63) | (1.89) |
Cash per Share |
0.50 | 0.71 | 0.88 | 1.12 | 0.58 | 4.68 | 0.48 | 0.45 | 0.41 | 1.45 |
Shareholders Equity per Share |
14.61 | 15.70 | 16.55 | 17.83 | 17.40 | 17.99 | 18.91 | 18.90 | 19.08 | 20.13 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
14.61 | 15.70 | 16.55 | 17.83 | 17.40 | 17.99 | 18.91 | 18.90 | 19.08 | 20.13 |
Free Cash Flow |
(30.00) | (672.00) | (417.00) | 184.00 | 476.00 | 297.00 | (425.00) | (632.00) | (465.00) | (1,401.00) |
Working Capital |
(1,770.00) | (1,729.00) | (2,131.00) | (2,133.00) | 5,845.00 | 2,684.00 | (965.00) | (408.00) | (453.00) | (615.00) |
Capital Expenditures |
(2,920.00) | (3,133.00) | (3,238.00) | (2,243.00) | (2,270.00) | (1,973.00) | (2,155.00) | (2,390.00) | (2,805.00) | (4,030.00) |
Net Current Asset Value |
(26,349.00) | (28,424.00) | (29,307.00) | (29,922.00) | (13,843.00) | (14,493.00) | (21,095.00) | (22,371.00) | (24,112.00) | (26,432.00) |
EV/EBIT |
14.29 | 14.39 | 14.50 | 31.70 | 23.39 | 21.47 | 25.74 | 21.81 | 23.25 | 20.75 |
Capex to Sales |
0.39 | 0.42 | 0.42 | 0.40 | 0.41 | 0.34 | 0.27 | 0.29 | 0.33 | 0.45 |
Price to Operating Income |
7.85 | 7.23 | 7.00 | 17.13 | 13.67 | 16.10 | 15.64 | 12.44 | 13.76 | 12.16 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
Cash ROIC |
(0.10%) | (2.07%) | (1.22%) | 0.50% | 1.60% | 1.04% | (1.49%) | (2.12%) | (1.49%) | (3.97%) |
Accounts Receivable Turnover |
10.41 | 9.98 | 10.04 | 7.17 | 7.39 | 8.70 | 9.37 | 7.33 | 7.50 | 7.99 |
Accounts Payable Turnover |
1.83 | 1.66 | 1.61 | 1.47 | 1.49 | 2.05 | 2.78 | 2.23 | 2.14 | 1.99 |
Inventory Turnover |
4.20 | 4.27 | 4.96 | 4.51 | 3.99 | 4.69 | 6.84 | 5.43 | 4.85 | 5.17 |
Average Days of Payables |
199.93 | 233.56 | 233.80 | 243.67 | 214.79 | 169.52 | 167.51 | 156.55 | 177.31 | 207.15 |
Days of Inventory on Hand |
86.80 | 80.89 | 71.63 | 84.62 | 87.07 | 80.39 | 61.79 | 71.61 | 75.76 | 73.21 |
Average Receivables |
722.00 | 746.50 | 775.50 | 781.00 | 740.50 | 665.00 | 843.50 | 1,133.50 | 1,129.00 | 1,131.00 |
Average Payables |
816.00 | 872.00 | 956.50 | 972.50 | 850.50 | 712.00 | 940.00 | 1,152.50 | 1,150.00 | 1,377.50 |
Average Inventory |
356.50 | 338.00 | 311.50 | 317.50 | 317.00 | 312.00 | 382.50 | 474.00 | 508.00 | 531.00 |
Average Assets |
38,808.00 | 39,897.00 | 42,437.50 | 44,538.00 | 46,898.00 | 40,669.50 | 35,530.00 | 38,536.50 | 40,152.50 | 43,156.50 |
Average Common Equity |
9,909.00 | 10,330.00 | 11,209.00 | 12,324.00 | 13,182.00 | 13,548.00 | 13,820.50 | 13,925.50 | 14,005.00 | 14,479.00 |
Columns are period end dates