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.
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PPL Corporation (PPL) Debt to equity
PPL Corporation's debt to equity at the end of the quarter to 30 June 2026 was 1.4×, up 0.1× from fiscal 2025 (1.3×). Over the past ten years it has ranged from 0.8× (fiscal 2021) to 2.0× (fiscal 2015); the current reading is higher than 55% of that period. That is below the Utilities Regulated Electric industry median of 1.5× and above the Utilities sector median of 1.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.3× | 8.91% |
| FY2024 | 1.2× | 6.61% |
| FY2023 | 1.1× | 9.55% |
| FY2022 | 1.0× | 25.16% |
| FY2021 | 0.8× | (31.11%) |
| FY2020 | 1.2× | (33.15%) |
| FY2019 | 1.8× | (6.14%) |
| FY2018 | 1.9× | (4.41%) |
| FY2017 | 2.0× | 1.67% |
| FY2016 | 1.9× | (3.39%) |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 1.4× | 0.24% |
| Mar 2026 | 1.3× | 3.63% |
| Dec 2025 | 1.3× | (1.29%) |
| Sep 2025 | 1.3× | 5.74% |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| FTS Fortis compare | 1.3× |
| PPL PPL Corporation | 1.4× |
| AEE Ameren Corporation compare | 1.5× |
| ES Eversource Energy compare | 1.8× |
| PCG Pacific Gas & Electric Co. compare | 1.9× |
| FE FirstEnergy Corporation compare | 2.0× |
| CNP CenterPoint Energy, Inc. compare | 2.1× |
| EIX Edison International compare | 2.2× |
| DTE DTE Energy Company compare | 2.3× |
| Utilities Regulated Electric industry median | 1.5× |
| Utilities sector median | 1.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on PPL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement