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Stocks / United States / PPL · Electric Services · NYSE

PPL Corp. (PPL)

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PPL Corp. (PPL) reported revenue of $2.8 billion for Q1 FY2026, the quarter ended 31 March 2026, up 10.8% on the same quarter a year earlier. Net income was $452 million, up 9.2% on the year, and diluted earnings per share $0.60. The figures are the company's own, from the 10-Q it filed with the SEC on 8 May 2026.

Revenue$2.8 billionup 10.8%
Net income$452 millionup 9.2%
Diluted EPS$0.60
QuarterQ1 FY2026ended 31 March 2026

Ratios

From the filings

ROE8.1%
ROCE6.5%
Operating margin23.6%
Net margin13.1%
FCF margin-17.4%
Interest cover2.61
Debt to equity1.27
Cash conversion2.19
Share count, 1 year1.8%
Sales CAGR, 3 years4.6%
Profit CAGR, 3 years16.0%
EPS, TTM$1.63

At the close of 21 September 2026

Price$33.05
Market cap$24.9 billion
Stock P/E20.28
Price to book1.66
EV / EBITDAn/a
Dividend yield3.3%
Market cap / sales2.67
52-week high$39.81
52-week low$33.05
Price, 1 year-7.4%
Price CAGR, 3 years9.6%
Price CAGR, 5 years3.0%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as PPL Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on PPL

Filings34 in twelve months: 25 current reports (8-K), about 14 other events; 7 regulation fd disclosure; 4 results of operations; 4 new financial obligation; 3 material agreement
Planned insider sales1 Form 144 notice in twelve months, $250,734; latest 12 June 2026
Options tapeput/call 0.07 by open interest on 23 September 2026; the straddle prices a 4.2% move to 16 October 2026
Holders10 of the followed funds hold it; largest Geode Capital Management; 7 Schedule 13D or 13G filings in twelve months
Insider trading1 sale and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest37.4 million shares short, 4.75 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026
Revenue1,8232,0432,0312,3041,8812,0662,2112,5042,0252,2392,2742,774
Operating income305437390545390428377678406569476745
Operating margin17%21%19%24%21%21%17%27%20%25%21%27%
Interest expense165165172179182188189190199210209224
Pre-tax income145288127388240272216516230398328560
Tax rate23%20%11%21%21%21%18%20%20%20%19%19%
Net income112230113307190214177414183318266452
Net margin6%11%6%13%10%10%8%17%9%14%12%16%
Diluted EPS$0.15$0.31$0.15$0.42$0.26$0.29$0.23$0.56$0.25$0.43$0.35$0.60
Operating cash flow412806110282766781511513602966548557
Capital expenditure5916516495966706798607939301,1451,1621,058
Free cash flow-179155-539-31496.0102-349-280-328-179-614-501
Dividends paid177178178177190190190190202201201202
Shares outstanding737m737m737m738m738m738m738m739m739m740m751m752m
Filing10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015FY2016 FY2017 FY2018FY2019 FY2020 FY2021FY2022FY2023FY2024FY2025TTM
Revenue7,8527,6697,5177,4477,7855,6025,4745,7837,9028,3128,4629,0429,312
Operating income2,8672,8312,9362,9012,8521,5261,5861,4241,3741,6301,7402,1292,196
Operating margin36.5%36.9%39.1%39.0%36.6%27.2%29.0%24.6%17.4%19.6%20.6%23.5%23.6%
Interest expense843871888901963621634918513666738808842
Pre-tax income2,1292,0682,5501,9122,2859199545219159241,1161,4721,516
Income tax692465648784458183314503201184228291297
Effective tax rate32.5%22.5%25.4%41.0%20.0%19.9%32.9%96.5%22.0%19.9%20.4%19.8%19.6%
Net income1,7376801,9021,1281,8271,7461,469-1,4807567408881,1811,219
Net margin22.1%8.9%25.3%15.1%23.5%31.2%26.8%-25.6%9.6%8.9%10.5%13.1%13.1%
Diluted EPS$2.61$1.01$2.79$1.64$2.58$2.37$1.91-$1.93$1.02$1.00$1.20$1.59$1.63
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015FY2016 FY2017 FY2018FY2019 FY2020 FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow3,4032,6152,8902,4612,8212,4272,7462,2701,7301,7582,3402,6292,673
Capital expenditure3,6743,5332,9203,1333,2382,2432,2701,9732,1552,3902,8054,0304,295
Free cash flow-271-918-30.0-672-417184476297-425-632-465-1,401-1,622
Free cash flow margin-3.5%-12.0%-0.4%-9.0%-5.4%3.3%8.7%5.1%-5.4%-7.6%-5.5%-15.5%-17.4%
Share-based compensation64.031.028.038.026.036.029.037.037.033.046.049.0n/a
Buybacks0.00.0n/an/an/a0.00.01,0030.00.0n/an/an/a
Dividends paid9671,0041,0301,0721,1331,1921,2751,279787704747794806
Dividend per share$1.49$1.50$1.52$1.58$1.64$1.65$1.66$1.66$0.88$0.96$1.03$1.09n/a
Diluted shares, weighted666m673m680m687m709m737m769m765m737m738m740m743m757m
Shares outstanding at period end666m674m680m693m720m767m769m735m736m737m738m751m752m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015FY2016 FY2017 FY2018FY2019 FY2020 FY2021FY2022FY2023FY2024FY2025TTM
Total assets48,60639,30138,31541,47943,39645,68048,11633,22337,83739,23641,06945,24446,304
Cash and equivalents1,3998363414856218154423,5713563313061,0711,241
Receivables7376736666816636876035838969509611,1081,331
Inventory381357356320303332302322443505511551536
Goodwill3,6673,5503,0603,2583,1623,1987167162,2482,2472,2472,2472,247
Long-term debt18,05419,04817,80819,84720,59921,89314,68911,14013,24314,61216,50318,89419,024
Borrowings, as the company tags them18,18819,17118,39920,28220,69422,00214,83511,25113,35314,77516,67419,089n/a
Operating lease liabilitiesn/an/an/an/an/an/an/a47.042.063.00.00.0n/a
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/a6.00.00.0n/a
Shareholders' equity13,6289,9199,89910,76111,65712,99113,37313,72313,91513,93314,07714,88115,019
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.7%10.6%4.6%7.5%
Profit growth, compounded5.7%-4.3%16.0%22.5%
Return on equity, average8.4%2.8%6.5%7.9%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Electric Services

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NextEra Energy Inc. NEE$166.0 billion20.2114.8%31.8%7.5%1.702.9%
Southern Co. SO$96.3 billion21.8610.9%24.2%8.3%1.683.4%
Constellation Energy Corp. CEG$93.0 billion25.5510.8%14.7%26.0%0.600.1%
American Electric Power Co. Inc. AEP$65.3 billion17.7611.5%24.0%11.3%1.563.1%
Dominion Energy, Inc. D$55.2 billion18.5910.1%26.3%17.1%1.554.3%
Vistra Corp. VST$47.3 billion23.7440.5%18.5%3.8%3.570.6%
Entergy Corp. ETR$46.5 billion25.9110.3%23.1%11.4%1.882.4%
Firstenergy Corp. FE$26.0 billion24.448.4%14.7%11.3%2.084.0%
Eversource Energy ES$25.2 billion17.378.9%21.5%7.8%1.634.5%
PPL Corp. PPL$24.9 billion20.288.1%23.6%7.5%1.273.3%
Centerpoint Energy Inc. CNP$24.9 billion23.319.4%22.5%5.2%1.962.3%
DTE Energy Co. DTE$22.9 billion20.6811.1%12.0%16.1%1.122.7%
NRG Energy, Inc. NRG$21.7 billion26.8317.5%6.1%12.8%4.821.7%
Edison International EIX$21.1 billion5.9720.5%30.8%13.1%2.336.1%
Pinnacle West Capital Corp. PNW$11.3 billion17.919.1%20.5%5.7%1.393.9%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202520 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-K31 December 202413 February 2025EDGAR
10-Q30 September 20241 November 2024EDGAR
10-Q30 June 20242 August 2024EDGAR
10-Q31 March 20241 May 2024EDGAR

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