TORVANTA
Utilities · S&P 500 · data as of 2026-10-05

PPL stock analysis: PPL Corp

PPL Corp (PPL) is an S&P 500 company in Electric Utilities. It grades weakest on value and profitability.

The model's view of PPL · subscribers

Where PPL ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with PPL · updated 2026-10-05 · from prices and SEC filings

PPL price performance

PPL against the S&P 500, one year
-10%+0%+10%+20%S&P 500 +18%PPL -8%2025-09-292026-10-05
Year to date-3.6%S&P 500 +14.5% · behind by 18.2 pts
1 year-7.3%S&P 500 +17.0% · behind by 24.3 pts
3 years+58.5%S&P 500 +89.3% · behind by 30.8 pts
5 years+38.6%S&P 500 +91.3% · behind by 52.7 pts

Total returns with dividends reinvested.

PPL factor grades

Each grade compares PPL with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C-ValueP/E 20.1x (industry 20.2x)FCF yield -6.5% (industry -3.1%)
B-GrowthRevenue growth +8% (industry +8%)EPS growth +21% (industry +8%)
D+ProfitabilityOperating margin 23.6% (industry 23.1%)ROIC 5.2% (industry 6.2%)
B-Momentum12-month change -7%From 52-wk high -16%

PPL in plain numbers

PPL key statistics

SectorUtilities
IndustryElectric Utilities
IndexS&P 500
Market value$24.8B
Revenue growth (y/y)+8%
Free-cash-flow yield-6.5%
Dividend yield3.4%
Next earnings (expected)2026-11-04
Valuation measures
Market value$24.8B
Enterprise value$43.6B
P/E (trailing)20.1x
Forward P/E (Torvanta estimate)18.7x
PEG (Torvanta estimate)2.50
Price / sales2.7x
Price / book1.7x
EV / revenue4.7x
EV / EBITDA19.8x
Financial highlights
Revenue, last 12 months$9.3B
Net income, last 12 months$1.2B
EPS, last 12 months (GAAP)$1.64
Operating margin23.6%
Net margin13.1%
Return on equity8.3%
Return on invested capital5.2%
Cash$1.2B
Total debt$20.0B
Debt / equity1.33x
Free cash flow, last 12 months-$1.6B
Interest cover2.6x
Current ratio1.00x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

PPL earnings trends

Revenue vs earnings
$0$693.5M$1.4B$2.1B$2.8BJun 2024 Revenue: $1.9BSep 2024 Revenue: $2.1BDec 2024 Revenue: $2.2BMar 2025 Revenue: $2.5BJun 2025 Revenue: $2.0BSep 2025 Revenue: $2.2BDec 2025 Revenue: $2.3BMar 2026 Revenue: $2.8BJun 2024 Net income: $190.0MSep 2024 Net income: $214.0MDec 2024 Net income: $177.0MMar 2025 Net income: $414.0MJun 2025 Net income: $183.0MSep 2025 Net income: $318.0MDec 2025 Net income: $266.0MMar 2026 Net income: $452.0MJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Net margin: 10.1%Net margin: 10.4%Net margin: 8.0%Net margin: 16.5%Net margin: 9.0%Net margin: 14.2%Net margin: 11.7%Net margin: 16.3%0%8%17%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.2$0.3$0.5$0.6Jun 2024 EPS (GAAP, diluted): $0.3Sep 2024 EPS (GAAP, diluted): $0.3Dec 2024 EPS (GAAP, diluted): $0.2Mar 2025 EPS (GAAP, diluted): $0.6Jun 2025 EPS (GAAP, diluted): $0.3Sep 2025 EPS (GAAP, diluted): $0.4Dec 2025 EPS (GAAP, diluted): $0.4Mar 2026 EPS (GAAP, diluted): $0.6Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026■ EPS (GAAP, diluted) Change from a year earlier: Jun 2025 -4% · Sep 2025 +48% · Dec 2025 +50% · Mar 2026 +7%

From the company's 10-Q and 10-K filings with the SEC.

PPL Corp financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$5.8B$7.9B$8.3B$8.5B$9.0B
Net income-$1.5B$756.0M$740.0M$888.0M$1.2B
EPS (GAAP)$-1.92$1.02$1.00$1.21$1.60
Free cash flow$297.0M-$425.0M-$632.0M-$465.0M-$1.4B

PPL earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-05-08$0.60+7%+11%-2.5%
2026-02-20$0.36+50%+3%+1.1%
2025-11-05$0.43+48%+8%+1.4%
2025-07-31$0.25-4%+8%+1.0%
2025-04-30$0.56+33%+9%-1.6%
2025-02-13$0.24+60%+9%-3.3%

About PPL Corp

HeadquartersAllentown, PA
Industry (SEC code)Electric Services
Fiscal year endsDecember 31
Listed onNYSE, NYSE
FormerlyPP&L RESOURCES INC

From the company's SEC registration record.

Companies similar to PPL

CompanyMarket valueP/ERevenue growthOperating margin12-month change
PPL PPL Corp$24.8B20.1x+8%23.6%-7%
ES Eversource$24.4B16.8x+8%21.5%-7%compare
FE FirstEnergy$25.2B23.8x+11%14.7%-1%compare
EIX Edison International$20.9B5.9x+13%30.8%+4%compare
WEC WEC Energy$33.0Bn/a+9%22.8%-8%
EVRG Evergy$18.2B21.0x+2%25.9%+7%
PEG Public Service Enterprise$34.2B17.1x+13%23.1%-13%

All Utilities stock ratings

Frequently asked questions

Is PPL stock a buy?

Torvanta does not tell individuals what to buy. Its grades for PPL are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is PPL's P/E ratio?

PPL trades at about 20.1 times its last 12 months of GAAP earnings reported to the SEC, and about 18.7 times Torvanta's own estimate of the next 12 months.

When does PPL report earnings next?

Based on its filing history, Torvanta expects PPL Corp to report around 2026-11-04.

Does PPL pay a dividend?

Yes. Its dividend yield is about 3.4%, and it has raised its dividend 3 years in a row.

How has PPL performed against the S&P 500?

Over the past year PPL returned -7.3%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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