PLDT Inc (PHI) Key Metrics
PHI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · PHPPHI returns How much profit the business earns on the capital it uses.
PHI financial health Debt, liquidity and how easily interest is covered.
PHI efficiency & capital use Working capital cycle and where the cash goes.
PHI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PHI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PHI cash returned to shareholders
PHI key metrics in PHP
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 25.3% | 29.3% | 24.9% | 9.0% | 22.1% | 21.4% | 20.1% | 17.3% | 12.4% | 18.0% |
| Return on invested capital (ROIC) | 9.3% | 19.9% | 19.5% | 21.6% | 21.7% | 21.6% | 22.7% | 22.8% | 25.0% | 23.0% |
| Return on assets (ROA) | 4.9% | 5.2% | 4.3% | 1.7% | 4.4% | 4.4% | 4.5% | 4.0% | 2.9% | 4.3% |
| Return on tangible assets | 6.1% | 5.8% | 4.9% | 1.9% | 4.7% | 4.8% | 4.9% | 4.6% | 3.4% | 4.9% |
| Free cash flow margin | 10.7% | 6.2% | 3.5% | −9.5% | −5.5% | 6.1% | −8.6% | 8.5% | 12.2% | 4.0% |
| Income quality (OCF / net income) | 2.78 | 2.53 | 3.22 | 7.27 | 3.48 | 3.60 | 3.26 | 3.23 | 4.39 | 2.45 |
| Financial health | ||||||||||
| Total debt | ₱359.04B | ₱335.62B | ₱302.34B | ₱292.01B | ₱274.24B | ₱242.79B | ₱208.87B | ₱176.28B | ₱172.61B | ₱185.03B |
| Cash & short-term investments | ₱12.23B | ₱11.00B | ₱17.09B | ₱25.80B | ₱33.42B | ₱48.57B | ₱35.68B | ₱61.43B | ₱34.08B | ₱41.79B |
| Net debt | ₱346.81B | ₱324.62B | ₱285.26B | ₱266.21B | ₱240.82B | ₱194.22B | ₱173.19B | ₱114.84B | ₱138.53B | ₱143.25B |
| Debt / equity | 2.83 | 2.91 | 2.87 | 2.69 | 2.23 | 2.10 | 1.87 | 1.57 | 1.62 | 1.71 |
| Debt / assets | 0.57 | 0.54 | 0.50 | 0.47 | 0.44 | 0.42 | 0.40 | 0.37 | 0.38 | 0.39 |
| Net debt / EBITDA | 3.43 | 2.84 | 2.81 | 1.77 | 2.40 | 2.06 | 2.05 | 1.41 | 1.58 | 2.34 |
| Current ratio | 0.44 | 0.34 | 0.36 | 0.33 | 0.33 | 0.41 | 0.37 | 0.52 | 0.53 | 0.47 |
| Quick ratio | 0.42 | 0.32 | 0.34 | 0.31 | 0.31 | 0.39 | 0.35 | 0.50 | 0.51 | 0.45 |
| Interest coverage | 3.1 | 7.0 | 7.4 | 8.6 | 9.1 | 424.3 | 498.6 | 9.4 | 9.3 | 8.4 |
| Working capital | −₱89.69B | −₱124.63B | −₱126.55B | −₱165.67B | −₱150.34B | −₱126.10B | −₱128.87B | −₱93.09B | −₱78.42B | −₱95.88B |
| Invested capital | ₱473.64B | ₱440.04B | ₱390.47B | ₱374.94B | ₱364.04B | ₱309.63B | ₱285.18B | ₱227.20B | ₱245.37B | ₱251.42B |
| Tangible asset value | ₱689.1M | ₱52.27B | ₱46.05B | ₱49.41B | ₱64.93B | ₱54.34B | ₱48.47B | ₱48.08B | ₱41.42B | ₱38.26B |
| Net current asset value | −₱437.11B | −₱442.71B | −₱429.01B | −₱428.87B | −₱424.93B | −₱368.74B | −₱333.16B | −₱266.51B | −₱258.59B | −₱280.45B |
| Capital allocation | ||||||||||
| Dividends paid | ₱21.05B | ₱20.75B | ₱23.33B | ₱25.23B | ₱17.71B | ₱16.72B | ₱15.59B | ₱13.93B | ₱16.62B | ₱22.99B |
| Share buybacks (net) | — | — | — | — | — | — | ₱4.0M | ₱0 | ₱0 | ₱0 |
| Dividend payout ratio | 68.6% | 64.2% | 87.7% | 240.7% | 67.2% | 68.9% | 69.2% | 73.6% | 124.3% | 114.9% |
| Dividends + buybacks / free cash flow | 88.3% | 154.3% | 318.3% | — | — | 151.8% | — | 100.6% | 85.8% | 350.5% |
| Capex / revenue | 27.5% | 31.5% | 37.2% | 46.8% | 53.3% | 42.3% | 52.0% | 29.0% | 24.7% | 25.7% |
| Capex / operating cash flow | 72.1% | 83.5% | 91.5% | 125.4% | 111.5% | 87.4% | 119.9% | 77.3% | 67.0% | 86.6% |
| Capex / depreciation | 1.01 | 1.21 | 1.34 | 0.97 | 1.86 | 1.53 | 2.18 | 0.98 | 0.74 | 1.20 |
| Stock-based compensation / revenue | — | — | 0.4% | 0.6% | 0.6% | 0.6% | 0.4% | 0.1% | 0.5% | — |
| SG&A / revenue | 17.7% | 19.5% | 21.9% | 25.1% | 23.9% | 25.3% | 27.5% | 32.3% | 32.4% | 28.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 53.5 | 50.9 | 47.8 | 45.8 | 44.9 | 48.7 | 54.7 | 67.2 | 66.8 | 54.5 |
| Days of inventory on hand | 10.4 | 20.7 | 22.6 | 26.6 | 33.6 | 37.0 | 30.6 | 34.7 | 41.3 | 34.3 |
| Days payables outstanding | 237.5 | 429.9 | 581.5 | 693.5 | 717.7 | 726.9 | 682.2 | 648.8 | 567.9 | 404.8 |
| Cash conversion cycle (days) | -173.5 | -358.3 | -511.1 | -621.1 | -639.1 | -641.2 | -597.0 | -546.8 | -459.8 | -316.1 |
| Receivables turnover | 6.82 | 7.17 | 7.63 | 7.97 | 8.12 | 7.50 | 6.68 | 5.43 | 5.46 | 6.70 |
| Payables turnover | 1.54 | 0.85 | 0.63 | 0.53 | 0.51 | 0.50 | 0.54 | 0.56 | 0.64 | 0.90 |
| Inventory turnover | 35.07 | 17.63 | 16.15 | 13.72 | 10.85 | 9.85 | 11.94 | 10.51 | 8.83 | 10.65 |
| Asset turnover | 0.36 | 0.35 | 0.34 | 0.33 | 0.32 | 0.33 | 0.34 | 0.35 | 0.34 | 0.36 |
| Average receivables | ₱32.76B | ₱30.24B | ₱27.65B | ₱25.65B | ₱23.66B | ₱24.14B | ₱25.34B | ₱30.00B | ₱29.10B | ₱24.67B |
| Average payables | ₱58.73B | ₱68.99B | ₱88.87B | ₱94.25B | ₱82.65B | ₱73.55B | ₱70.18B | ₱63.60B | ₱52.76B | ₱49.37B |
| Average inventory | ₱2.57B | ₱3.32B | ₱3.45B | ₱3.62B | ₱3.87B | ₱3.75B | ₱3.15B | ₱3.41B | ₱3.84B | ₱4.18B |
| Intangibles / total assets | 20.1% | 10.3% | 10.6% | 10.3% | 10.0% | 11.3% | 12.9% | 14.2% | 15.2% | 14.8% |
Computed from PHI's annual financial statements (latest annual report filed April 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in PHP; data from EODHD. Averages use the opening and closing balance of each year.
PHI valuation and financial ratios
PLDT earned a return on equity of 25.3% and a return on invested capital of 9.3% in fiscal 2025. It ended the year with ₱359.0 billion of debt and ₱12.2 billion in cash and short-term investments, net debt of ₱346.8 billion. It returned ₱21.1 billion to shareholders: ₱21.1 billion in dividends and ₱0 in share buybacks, 88% of free cash flow.
See the PHI income statement, the PHI chart for price history, or the PHI stock overview for the latest quote and news.
PHI key metrics FAQ
What is PLDT's return on equity?
PLDT's return on equity (ROE) was 25.3% in fiscal 2025: net income of ₱30.7 billion on average shareholders' equity of ₱121.1 billion.
What is PLDT's ROIC?
PLDT's return on invested capital was 9.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does PLDT have?
PLDT had total debt of ₱359.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.83 and ₱346.8 billion of net debt (3.43 times EBITDA).
What is PLDT's current ratio?
PLDT's current ratio was 0.44 at the end of fiscal 2025: current assets were 0.44 times current liabilities.