PPL Corp
PPL Corp
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Related Party | 601 | 450 | 15 | -54 | 457 | 353 | 360 | 413 | 450 | 434 | 447 | 488 | |||||
Nonrelated Party | 601 | 450 | 15 | -54 | 457 | 353 | 360 | 413 | 450 | 434 | 447 | 488 | |||||
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 1,241 | 1,071 | 1,102 | 294 | 312 | 306 | 542 | 282 | 276 | 331 | 353 | 326 | |||||
Receivables Net Current | |||||||||||||||||
Accounts Receivable Net Current | 1,331 | 1,108 | 1,002 | 998 | 1,208 | 961 | 939 | 933 | 999 | 950 | 1,019 | 979 | |||||
Nontrade Receivables Current | 92 | 117 | 101 | 122 | 93 | 76 | 61 | 109 | 271 | 271 | 49 | 70 | |||||
Unbilled Contracts Receivable | 413 | 558 | 355 | 418 | 377 | 485 | 319 | 357 | 371 | 428 | 328 | 322 | |||||
Inventory Net | 536 | 551 | 517 | 504 | 476 | 511 | 517 | 502 | 477 | 505 | 488 | 474 | |||||
Prepaid Expense Current | 190 | 106 | 145 | 192 | 223 | 136 | 179 | 211 | 212 | 103 | 143 | 189 | |||||
Regulatory Assets Current | 375 | 308 | 312 | 303 | 274 | 320 | 342 | 335 | 330 | 293 | 315 | 331 | |||||
Other Assets Current | 143 | 112 | 98 | 92 | 133 | 85 | 75 | 69 | 101 | 51 | 59 | 34 | |||||
Assets Current | 4,321 | 3,931 | 3,632 | 2,923 | 3,096 | 2,880 | 2,974 | 2,798 | 3,037 | 2,932 | 2,754 | 2,725 | |||||
Public Utilities Property Plant And Equipment Plan… | 43,480 | 42,953 | 41,776 | 41,171 | 40,648 | 40,391 | 40,097 | 39,656 | 39,031 | 38,608 | 38,148 | 37,743 | |||||
Public Utilities Property Plant And Equipment Accu… | 10,493 | 10,303 | 10,182 | 9,950 | 9,751 | 9,682 | 9,647 | 9,482 | 9,327 | 9,156 | 8,976 | 8,771 | |||||
Public Utilities Property Plant And Equipment Net | 32,987 | 32,650 | 31,594 | 31,221 | 30,897 | 30,709 | 30,450 | 30,174 | 29,704 | 29,452 | 29,172 | 28,972 | |||||
Property Plant And Equipment Other | 91 | 71 | 81 | 80 | 80 | 79 | 76 | 71 | 71 | 72 | 70 | 68 | |||||
Accumulated Depreciation Depletion And Amortizatio… | 29 | 26 | 35 | 33 | 30 | 29 | 28 | 26 | 24 | 23 | 21 | 22 | |||||
Construction In Progress Gross | 3,688 | 3,437 | 3,513 | 3,088 | 2,695 | 2,390 | 2,129 | 1,954 | 1,996 | 1,917 | 1,849 | 1,744 | |||||
Property Plant And Equipment Net | 36,737 | 36,132 | 35,153 | 34,356 | 33,642 | 33,149 | 32,627 | 32,173 | 31,747 | 31,418 | 31,070 | 30,762 | |||||
Regulatory Assets Noncurrent | 2,100 | 2,092 | 2,058 | 2,055 | 2,049 | 2,060 | 1,894 | 1,889 | 1,859 | 1,874 | 1,787 | 1,826 | |||||
Goodwill | 2,247 | 2,247 | 2,247 | 2,247 | 2,247 | 2,247 | 2,247 | 2,247 | 2,247 | 2,247 | 2,247 | 2,247 | |||||
Intangible Assets Net Excluding Goodwill | 326 | 327 | 312 | 312 | 312 | 314 | 314 | 314 | 304 | 306 | 307 | 309 | |||||
Other Assets Noncurrent | 573 | 515 | 537 | 470 | 463 | 419 | 416 | 418 | 437 | 459 | 464 | 427 | |||||
Assets Noncurrent | 5,246 | 5,181 | 5,154 | 5,084 | 5,071 | 5,040 | 4,871 | 4,868 | 4,847 | 4,886 | 4,805 | 4,809 | |||||
Assets | 46,304 | 45,244 | 43,939 | 42,363 | 41,809 | 41,069 | 40,472 | 39,839 | 39,631 | 39,236 | 38,629 | 38,296 | |||||
Liabilities Current | |||||||||||||||||
Short Term Borrowings | 220 | 456 | 595 | 1,286 | 778 | 303 | 0 | 389 | 291 | 992 | 287 | 243 | |||||
Long Term Debt Current | 994 | 904 | 1,455 | 1,219 | 569 | 551 | 1 | 1 | 1 | 1 | 91 | 91 | |||||
Accounts Payable Current | 1,403 | 1,559 | 1,188 | 1,135 | 1,097 | 1,196 | 920 | 980 | 903 | 1,104 | 1,178 | 975 | |||||
Taxes Payable Current | 142 | 190 | 132 | 143 | 143 | 103 | 122 | 109 | 83 | 130 | 109 | 93 | |||||
Interest Payable Current | 244 | 195 | 237 | 152 | 224 | 157 | 228 | 145 | 214 | 124 | 220 | 141 | |||||
Dividends Payable Current | 210 | 198 | 197 | 197 | 197 | 186 | 186 | 186 | 186 | 173 | 173 | 173 | |||||
Regulatory Liability Current | 389 | 376 | 291 | 273 | 274 | 223 | 246 | 226 | 223 | 225 | 280 | 280 | |||||
Other Liabilities Current | 705 | 668 | 596 | 573 | 545 | 614 | 603 | 479 | 474 | 591 | 541 | 509 | |||||
Liabilities Current | 4,307 | 4,546 | 4,691 | 4,978 | 3,827 | 3,333 | 2,306 | 2,515 | 2,375 | 3,340 | 2,879 | 2,505 | |||||
Long Term Debt | |||||||||||||||||
Long Term Debt Noncurrent | 19,024 | 17,990 | 16,936 | 15,292 | 15,938 | 15,952 | 16,499 | 15,756 | 15,753 | 14,611 | 14,484 | 14,481 | |||||
Liabilities Noncurrent | |||||||||||||||||
Deferred Income Tax Liabilities Net | 3,623 | 3,506 | 3,575 | 3,501 | 3,421 | 3,356 | 3,305 | 3,263 | 3,195 | 3,105 | 3,049 | 3,138 | |||||
Defined Benefit Pension Plan Liabilities Noncurren… | 272 | 281 | 284 | 294 | 298 | 317 | 218 | 234 | 255 | 275 | 199 | 192 | |||||
Asset Retirement Obligations Noncurrent | 112 | 133 | 141 | 141 | 130 | 136 | 139 | 137 | 127 | 133 | 140 | 128 | |||||
Regulatory Liability Noncurrent | 3,283 | 3,318 | 3,322 | 3,335 | 3,338 | 3,335 | 3,371 | 3,350 | 3,351 | 3,340 | 3,384 | 3,421 | |||||
Other Liabilities Noncurrent | 556 | 480 | 468 | 426 | 449 | 452 | 430 | 407 | 404 | 385 | 368 | 357 | |||||
Liabilities Other Than Longterm Debt Noncurrent | 7,954 | 7,827 | 7,899 | 7,807 | 7,747 | 7,707 | 7,575 | 7,503 | 7,445 | 7,352 | 7,254 | 7,351 | |||||
Common Stock Value | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |||||
Additional Paid In Capital Common Stock | 12,316 | 12,443 | 12,356 | 12,343 | 12,330 | 12,346 | 12,328 | 12,321 | 12,314 | 12,326 | 12,319 | 12,316 | |||||
Minority Interest | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Treasury Stock Common Value | -548 | -575 | -901 | -902 | -904 | -928 | -929 | -930 | -931 | -948 | -948 | -949 | |||||
Retained Earnings Accumulated Deficit | 3,443 | 3,207 | 3,143 | 3,027 | 3,047 | 2,835 | 2,848 | 2,826 | 2,828 | 2,710 | 2,775 | 2,721 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -200 | -202 | -193 | -190 | -184 | -184 | -163 | -160 | -161 | -163 | -142 | -137 | |||||
Stockholders Equity | 15,019 | 14,881 | 14,413 | 14,286 | 14,297 | 14,077 | 14,092 | 14,065 | 14,058 | 13,933 | 14,012 | 13,959 | |||||
Liabilities And Stockholders Equity | 46,304 | 45,244 | 43,939 | 42,363 | 41,809 | 41,069 | 40,472 | 39,839 | 39,631 | 39,236 | 38,629 | 38,296 | |||||
Assets Current | |||||||||||||||||
Allowance For Doubtful Accounts Receivable Current | 158 | 133 | 133 | 171 | 166 | 147 | 137 | 133 | 146 | 123 | 114 | 103 | |||||
Allowance For Doubtful Accounts Receivable Noncurr… | 2 | 1 | 2 | 2 | 2 | 1 | 2 | 2 | 3 | 2 | 3 | 1 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | |||||
Common Stock Shares Issued | 771 | 771 | 771 | 771 | 770 | 770 | 770 | 770 | 770 | 770 | 770 | 770 | |||||
Shares Outstanding | 752 | 751 | 740 | 739 | 739 | 738 | 738 | 738 | 738 | 737 | 737 | 737 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.45% | 3.92% | 1.67% | - | - | - | - | - | - | - | - | - |
| 2025 | -5.01% | -6.73% | -0.62% | 3.39% | 0.77% | 5.71% | 1.46% | -2.76% | 0.37% | 3.63% | 6.70% | -3.37% |
| 2024 | 2.43% | 0.77% | 3.15% | 3.75% | 6.79% | 7.45% | 9.16% | 3.56% | 6.18% | -0.99% | 0.95% | 5.96% |
| 2023 | - | - | - | -3.11% | -2.69% | -7.99% | 4.90% | 7.92% | 4.66% | 3.02% | 3.17% | 6.47% |
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Performance and Valuation Metrics
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Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.00 | 0.86 | 0.77 | 0.59 | 0.81 | 0.86 | 1.29 | 1.11 | 1.28 | 0.88 | 0.96 | 1.09 | |||||
| Quick Ratio | 0.83 | 0.72 | 0.63 | 0.45 | 0.63 | 0.67 | 0.99 | 0.83 | 0.99 | 0.70 | 0.74 | 0.82 | |||||
| Working Capital | 14.00M | -615.00M | -1.06B | -2.06B | -731.00M | -453.00M | 668.00M | 283.00M | 662.00M | -408.00M | -125.00M | 220.00M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.29 | 0.31 | 0.33 | 0.35 | 0.27 | 0.24 | 0.16 | 0.18 | 0.17 | 0.24 | 0.21 | 0.18 | |||||
| Interest Coverage TTM | 2.61 | 2.63 | 2.58 | 2.47 | 2.50 | 2.36 | 2.43 | 2.52 | 2.46 | 2.45 | 2.44 | 2.40 | |||||
| Debt Ratio | 0.09 | 0.10 | 0.11 | 0.12 | 0.09 | 0.08 | 0.06 | 0.06 | 0.06 | 0.09 | 0.07 | 0.07 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.22 | 0.23 | 0.23 | |||||
| Days Sales Outstanding TTM | 49.76 | 41.76 | 39.45 | 40.02 | 46.50 | 41.21 | 43.15 | 42.25 | 45.22 | 40.53 | 39.07 | 36.89 | |||||
| Receivables Turnover TTM | 7.34 | 8.74 | 9.25 | 9.12 | 7.85 | 8.86 | 8.46 | 8.64 | 8.07 | 9.01 | 9.34 | 9.89 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 1.61 | 1.59 | 1.47 | 1.33 | 1.34 | 1.20 | 1.11 | 1.14 | 1.03 | 1.00 | 1.11 | 1.03 | |||||
| Free Cash Flow Per Share TTM | -2.16 | -1.89 | -1.54 | -1.16 | -0.58 | -0.63 | -0.89 | -0.82 | -1.19 | -0.86 | -0.70 | -0.87 | |||||
| Dividend Per Share TTM | 1.07 | 1.07 | 1.06 | 1.04 | 1.03 | 1.01 | 1.00 | 0.98 | 0.96 | 0.96 | 0.94 | 0.93 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 90.96% | 91.06% | 91.22% | 91.30% | 91.35% | 91.28% | 91.29% | 91.55% | 91.70% | 91.99% | 92.46% | 92.88% | |||||
| Operating Profit Margin TTM | 23.58% | 23.55% | 22.61% | 21.45% | 21.62% | 20.56% | 21.17% | 21.33% | 20.45% | 19.61% | 18.39% | 17.09% | |||||
| Net Profit Margin TTM | 13.09% | 13.06% | 12.16% | 11.22% | 11.49% | 10.49% | 9.95% | 10.17% | 9.29% | 8.90% | 9.53% | 8.79% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 7.50% | 6.85% | 8.42% | 6.62% | 5.62% | 1.80% | -3.37% | -4.65% | -3.91% | 5.19% | 20.77% | 33.78% | |||||
| Net Income Growth (1Y) | 22.51% | 33.00% | 32.52% | 17.62% | 30.58% | 20.00% | 0.86% | 10.38% | -0.78% | -2.12% | 16.71% | 3.82% | |||||
| EPS Growth (1Y) | 20.38% | 32.70% | 32.21% | 17.38% | 30.37% | 19.88% | 0.77% | 10.28% | -0.87% | -2.25% | 16.58% | 3.67% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 23.37 | 21.59 | 24.58 | 24.58 | 25.77 | 25.72 | 28.03 | 22.80 | 24.79 | 24.87 | 19.41 | 23.17 | |||||
| P/B TTM | 1.90 | 1.71 | 1.86 | 1.70 | 1.79 | 1.62 | 1.64 | 1.36 | 1.34 | 1.32 | 1.13 | 1.26 | |||||
| P/S TTM | 3.06 | 2.82 | 2.99 | 2.76 | 2.96 | 2.70 | 2.79 | 2.32 | 2.30 | 2.21 | 1.85 | 2.04 | |||||
| Market Cap | 28.49B | 25.50B | 26.84B | 24.28B | 25.65B | 22.84B | 23.10B | 19.15B | 18.89B | 18.40B | 15.85B | 17.63B | |||||
| Enterprise Value | 47.48B | 43.76B | 44.72B | 41.79B | 42.62B | 39.31B | 39.05B | 34.97B | 34.61B | 33.62B | 30.36B | 32.12B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -1.62B | -1.40B | -1.14B | -855.00M | -431.00M | -465.00M | -655.00M | -602.00M | -877.00M | -632.00M | -514.00M | -643.00M | |||||
| Net Debt | 18.99B | 18.26B | 17.88B | 17.50B | 16.97B | 16.47B | 15.96B | 15.82B | 15.72B | 15.22B | 14.51B | 14.49B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| EV Revenue TTM | |||||||||||||||||
| EV FCF TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Institutional Ownership
PPL Corp (PPL) — SEC Financial Statements & Analysis
PPL Corp (PPL) is a electric services company. PPL Corp trades on NYSE as: PPL, PPLC. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), PPL Corp reported a 7.50% year-over-year revenue growth, a Gross Profit Margin of 90.96% (TTM), a Debt-to-Equity ratio of 0.29x, a Price-to-Sales (P/S) ratio of 3.06x (TTM), a Price-to-Book (P/B) ratio of 1.90x (TTM), at a market cap of $28.49B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 7.50%
- Gross Profit Margin TTM
- 90.96%
- Debt To Equity
- 0.29x
- P/S TTM
- 3.06x
- P/B TTM
- 1.90x
- Market Cap
- $28.49B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is PPL Corp in?
PPL Corp (PPL) operates in the Electric Services industry.
What is PPL's market cap?
PPL Corp (PPL) has a market capitalization of $28.49B as of 2026-03-31.
What is PPL's P/E ratio?
PPL Corp (PPL)'s trailing twelve month P/E ratio is 23.37x as of 2026-03-31.
What exchange does PPL trade on?
PPL Corp (PPL) trades on the NYSE.