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%
Market cap
$26.0B
P/E
20.7×
Fwd P/E
18.6×
Dividend yield
3.21%
F-score
5/9
Altman Z
0.95
Beneish M
−2.49
Dividend safety
24/100

PPL Corporation (PPL) Operating margin

Alert me on Operating margin

PPL Corporation's operating margin over the twelve months to 30 June 2026 was 24.1%, up 0.6 percentage points from fiscal 2025 (23.6%). Over the past ten years it has ranged from 17.4% (fiscal 2022) to 39.1% (fiscal 2016); the current reading is higher than 36% of that period. That is above the Utilities Regulated Electric industry median of 21.8% and above the Utilities sector median of 18.8%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 23.6% 2.99
FY2024 20.6% 0.95
FY2023 19.6% 2.22
FY2022 17.4% (7.23)
FY2021 24.6% (4.35)
FY2020 29.0% 1.73
FY2019 27.2% (9.39)
FY2018 36.6% (2.33)
FY2017 39.0% (0.10)
FY2016 39.1% 2.15

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 22.5% (4.36)
Mar 2026 26.9% 5.93
Dec 2025 20.9% (4.48)
Sep 2025 25.4% 5.36
42 more quarters

Against its own ten years

Low 17.4% High 39.1%
Ten-year median 27.2%
Current reading's percentile 48

Operating margin against peers

Company Operating margin
EIX Edison International compare 32.7%
FTS Fortis compare 28.3%
AEE Ameren Corporation compare 24.9%
PPL PPL Corporation 24.1%
CNP CenterPoint Energy, Inc. compare 23.2%
ES Eversource Energy compare 21.6%
PCG Pacific Gas & Electric Co. compare 20.0%
FE FirstEnergy Corporation compare 14.6%
DTE DTE Energy Company compare 13.3%
Utilities Regulated Electric industry median 21.8%
Utilities sector median 18.8%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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