Ppl CorpPpl Corp
Ppl Corp

Ppl Corp

PPL
Utilities·Electric Utilities

PPL Corp. engages in the generation, transmission and distribution of electricity. It operates through the following segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The Kentucky Regulated segment consists of LKE's regulated electricity generation, transmission and distribution operations of Louisville Gas and Electric Company and Kentucky Utilities Company as well as regulated distribution and sale of natural gas of Louisville Gas and Electric Company. The Rhode Island Regulated segment primarily consists of regulated electricity transmission and distribution operations and regulated distribution and sale of natural gas conducted by RIE. The Pennsylvania Regulated segment consists of the regulated electricity transmission and distribution operations of PPL Electric Utilities Corporation. The company was founded on June 4, 1920 and is headquartered in Allentown, PA.

Pennsylvania; U.S.A
Market cap
No dataNo data
Revenue
$9BNo data
Net income
$1.2BNo data
Free cash flow
$-1.4BNo data

Market

Listed stock
PPLPriceNYSE
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Financial performance

Revenue
$9BNo data
Operating income
$2.1BNo data
Net income
$1.2BNo data
Free cash flow
$-1.4BNo data

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $5.8B, 2022 $7.9B, 2023 $8.3B, 2024 $8.5B, 2025 $9B. Operating income: 2021 $1.4B, 2022 $1.4B, 2023 $1.6B, 2024 $1.7B, 2025 $2.1B. Net income: 2021 $-1.5B, 2022 $756M, 2023 $740M, 2024 $888M, 2025 $1.2B. Free cash flow: 2021 $297M, 2022 $-425M, 2023 $-632M, 2024 $-465M, 2025 $-1.4B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
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Gross margin
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Operating margin
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FCF margin
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Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $1.4B, 2022-12-31 $1.4B, 2023-12-31 $1.6B, 2024-12-31 $1.7B, 2025-12-31 $2.1B. Net income: 2021-12-31 $-1.5B, 2022-12-31 $756M, 2023-12-31 $740M, 2024-12-31 $888M, 2025-12-31 $1.2B. Free cash flow: 2021-12-31 $297M, 2022-12-31 $-425M, 2023-12-31 $-632M, 2024-12-31 $-465M, 2025-12-31 $-1.4B

Growth heatmap

2022202320242025CAGR
Revenue
+36.6%
+5.2%
+1.8%
+6.9%
+11.8%
Gross profit
+38.4%
+8.7%
+1.3%
+6.6%
+12.9%
Operating income
-3.5%
+18.6%
+6.7%
+22.4%
+10.6%
Free cash flow
-243.1%
-48.7%
+26.4%
-201.3%
No data

Earnings quality

Operating cash flow
$2.6BNo data
Net income
$1.2BNo data
Free cash flow
$-1.4BNo data
Diluted EPS
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Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 223%, 2024-12-31 264%, 2023-12-31 238%, 2022-12-31 229%, 2021-12-31 -153%. Free cash flow: 2025-12-31 -119%, 2024-12-31 -52%, 2023-12-31 -85%, 2022-12-31 -56%, 2021-12-31 -20%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
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FCF / share
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
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Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
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Return on capital

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Valuation

Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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