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%

Follow PPL

Alert me

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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 0.25

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	1	—	—	—	—

Insider Ownership 0.18%

Capital & Financial Ratios $m

Market Cap 25,950.00

Revenue 9,398.00

Net Income 1,266.00

Free Cash Flow (1,992.00)

Net Debt 19,991.00

Current Ratio 0.91

Debt/Equity 1.35

P/E ratio 20.69

Fwd P/E 18.60

P/S ratio 2.82

P/B ratio 1.76

Past 5Y EPS Growth (3.60%)

This Y EPS Growth 7.69%

Next Y EPS Growth 8.73%

Next Y revenue growth 6.70%

Next 5Y EPS Growth 8.29%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 50.45%

10-year low 10-year high

P/S against its own 10 years 28.90%

10-year low 10-year high

P/B against its own 10 years 48.80%

10-year low 10-year high

EV/Sales against its own 10 years 30.74%

10-year low 10-year high

Dividends

Payout Ratio 0.67

Annual Dividend Rate 1.13

Annual Dividend Yield 3.21%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.14	0.29 0.29 0.29
2025	1.09	0.27 0.27 0.27 0.27
2024	1.03	0.26 0.26 0.26 0.26
2023	0.96	0.24 0.24 0.24 0.24
2022	0.88	0.20 0.23 0.23 0.23
2021	1.66	0.42 0.42 0.42 0.42
2020	1.66	0.42 0.42 0.42 0.42
2019	1.65	0.41 0.41 0.41 0.41
2018	1.64	0.41 0.41 0.41 0.41
2017	1.58	0.40 0.40 0.40 0.40
2016	1.52	0.38 0.38 0.38 0.38

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	331	306	1,071	332
Receivables	1,221	1,037	1,225	1,248
Inventory	505	511	551	597
Other	772	890	978	810
	2,932	2,880	3,931	3,165

	2023	2024	2025	Q'26
Payables	1,104	1,196	1,559	1,360
ST’ Debt	993	854	1,360	534
Other	816	837	1,044	1,074
	3,340	3,333	4,546	3,497

Compound Annual Growth %

	10y	5y	3y
Sales	1.66%	10.56%	4.59%
Cash Flow	0.05%	(0.87%)	14.97%
Earnings	5.63%	(4.30%)	16.02%
Book Value	4.14%	2.16%	2.26%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,774	2,111	—	—	—
’25	2,504	2,025	2,239	2,274	9,042
’24	2,304	1,881	2,066	2,211	8,462
’23	2,415	1,823	2,043	2,031	8,312
’22	1,782	1,696	2,134	2,290	7,902
’21	1,498	1,288	1,512	1,485	5,783
’20	1,440	1,263	1,400	1,371	5,474

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	557	583	—	—	—
’25	513	602	966	548	2,629
’24	282	766	781	511	2,340
’23	430	412	806	110	1,758
’22	502	477	532	219	1,730
’21	663	858	457	292	2,270
’20	692	607	948	499	2,746

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(501)	(698)	—	—	—
’25	(280)	(328)	(179)	(614)	(1,401)
’24	(314)	96	102	(349)	(465)
’23	(69)	(179)	155	(539)	(632)
’22	75	(105)	26	(421)	(425)
’21	192	360	(34)	(221)	297
’20	76	65	416	(81)	476

Fiscal quarters ending in the months shown.

EPS $

	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

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	32.08	30.74	25.30	27.80	18.12	26.15	23.47	22.20	25.35	31.22	Analyst estimates 2026–2028 Powerpack
	High	39.92	40.20	32.46	36.28	36.83	30.72	30.99	31.74	35.15	38.27
People
People	Employees	12,689	12,512	12,444	12,280	12,318	5,607	6,527	6,629	6,653	6,546
	Revenue/emp, $m	0.59	0.60	0.63	0.46	0.44	1.03	1.21	1.25	1.27	1.38
Income, $m
Income, $m	Revenue	7,517	7,447	7,785	5,602	5,474	5,783	7,902	8,312	8,462	9,042
	Gross margin, %	80.09	80.61	80.17	74.44	76.87	74.72	66.88	69.03	70.91	69.62
	EBT	2,550	1,912	2,285	919	954	521	915	924	1,116	1,472
	EBT margin, %	33.92	25.67	29.35	16.40	17.43	9.01	11.58	11.12	13.19	16.28
	Net income	1,902	1,128	1,827	1,746	1,469	(1,480)	756	740	888	1,181
	Depreciation	1,006	1,105	1,172	1,007	1,080	1,121	1,233	1,335	1,357	1,416
Per share, $
Per share, $	Revenue	11.09	10.87	11.05	7.69	7.12	7.58	10.74	11.28	11.47	12.23
	Earnings	2.80	1.64	2.59	2.39	1.91	(1.93)	1.03	1.00	1.20	1.60
	Cash flow	4.27	3.59	4.00	3.33	3.57	2.98	2.35	2.39	3.17	3.56
	Capex	(4.31)	(4.57)	(4.60)	(3.08)	(2.95)	(2.59)	(2.93)	(3.24)	(3.80)	(5.45)
	Free cash flow	(0.04)	(0.98)	(0.59)	0.25	0.62	0.39	(0.58)	(0.86)	(0.63)	(1.89)
	Book value	14.61	15.70	16.55	17.83	17.40	17.99	18.91	18.90	19.08	20.13
	Shares, m	678	685	704	729	769	763	736	737	738	739
Valuation, ×
Valuation, ×	P/E	12.15	18.55	10.94	14.89	14.69	0.00	28.63	27.51	26.83	21.89
	P/S	3.07	2.82	2.56	4.67	3.96	3.97	2.72	2.44	2.83	2.86
	P/B	2.33	1.95	1.71	2.01	1.62	1.67	1.54	1.46	1.70	1.74
	EV/Sales	5.58	5.61	5.31	8.63	6.78	5.29	4.48	4.28	4.78	4.89
	EV/FCF	(723.56)	(59.83)	(93.37)	306.13	82.42	112.81	(78.41)	(54.03)	(82.38)	(30.96)
Cash, $m
Cash, $m	Operating cash flow	2,890	2,461	2,821	2,427	2,746	2,270	1,730	1,758	2,340	2,629
	Capex	(2,920)	(3,133)	(3,238)	(2,243)	(2,270)	(1,973)	(2,155)	(2,390)	(2,805)	(4,030)
	Free cash flow	(30)	(672)	(417)	184	476	297	(425)	(632)	(465)	(1,401)
Balance, $m
Balance, $m	Working capital	(1,770)	(1,729)	(2,131)	(2,133)	5,845	2,684	(965)	(408)	(453)	(615)
	Total debt	19,249	21,275	22,029	23,044	15,857	11,209	14,228	15,604	16,806	19,350
	Net debt	18,908	20,790	21,408	22,229	15,415	7,638	13,872	15,273	16,500	18,279
	Shareholders’ equity	9,899	10,761	11,657	12,991	13,373	13,723	13,918	13,933	14,077	14,881
Returns, %
Returns, %	ROA	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
	ROE	19.19	10.92	16.30	14.17	11.14	(10.92)	5.46	5.31	6.33	8.14

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AEE Ameren Corporation	$28.7B	18.5×	20.3×	−5.81% (below 0%: shrinking)	+11.76% (above 0%: growing)	−51.22% (below 0%: shrinking)	73.90%	21.94%	Compare
PCG Pacific Gas & Electric Co.	$28.5B	9.5×	11.2×	+0.07% (above 0%: growing)	+37.50% (above 0%: growing)	−2.64% (below 0%: shrinking)	84.50%	21.40%	Compare
FTS Fortis	$27.9B	22.6×	21.5×	+4.02% (above 0%: growing)	+1.82% (above 0%: growing)	+29.48% (above 0%: growing)	45.92%	27.43%	Compare
DTE DTE Energy Company	$26.7B	20.5×	19.4×	−1.46% (below 0%: shrinking)	+22.73% (above 0%: growing)	−179.77% (below 0%: shrinking)	51.91%	13.59%	Compare
FE FirstEnergy Corporation	$26.4B	24.6×	16.8×	+8.82% (above 0%: growing)	+8.70% (above 0%: growing)	−143.84% (below 0%: shrinking)	64.30%	18.41%	Compare
CNP CenterPoint Energy, Inc.	$26.2B	23.9×	22.8×	+10.70% (above 0%: growing)	+23.33% (above 0%: growing)	−4.04% (below 0%: shrinking)	86.94%	24.81%	Compare
PPL PPL Corporation	$26.0B	20.7×	18.6×	+4.25% (above 0%: growing)	+24.00% (above 0%: growing)	−112.80% (below 0%: shrinking)	71.67%	22.50%
ES Eversource Energy	$24.9B	17.3×	15.4×	+2.29% (above 0%: growing)	−85.42% (below 0%: shrinking)	+398.93% (above 0%: growing)	67.64%	18.63%	Compare
EIX Edison International	$21.4B	5.7×	12.2×	−4.09% (below 0%: shrinking)	+56.18% (above 0%: growing)	+30.60% (above 0%: growing)	73.90%	25.06%	Compare
Median of peers	$26.5B	19.5×	18.1×	+1.18%	+17.25%	−3.34%	70.77%	21.67%

All 40 Utilities Regulated Electric stocks →

PPL Corporation (PPL) key facts

Strength: PPL Corporation’s revenue for fiscal 2025 (year ended December 2025) was $9.0 billion, up 6.85% from fiscal 2024.
Strength: Net income was $1.2 billion, or $1.60 per share (basic), a net margin of 13.0%.
PPL Corporation (PPL) is an Utilities Regulated Electric company in the Utilities sector, listed on the New York Stock Exchange.
As of October 16, 2026, PPL traded at $35.17, a market capitalization of $26.0 billion.
At that price the stock trades at 20.7× trailing-twelve-month earnings and 2.8× sales; its P/E is higher than 50% of its own readings over the past ten years.
PPL Corporation pays an annual dividend of $1.13 per share, a yield of 3.21%, with a payout ratio of 66.7%.
Return on equity was 8.14% and debt-to-equity 1.35.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.95 (distress zone) for fiscal 2025.