PPL Corporation (PPLC) Key Metrics
PPLC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPPLC returns How much profit the business earns on the capital it uses.
Return on equity+1.8 pts
8.2%
2025 · hover or tap a bar for each year
20162025
Return on invested capital+0.7 pts
5.4%
2025 · hover or tap a bar for each year
20162025
Return on assets+0.5 pts
2.7%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin−10.0 pts
−15.5%
2025 · hover or tap a bar for each year
20162025
Cash conversion (OCF / net income)−15.5%
2.23
2025 · hover or tap a bar for each year
20162025
Asset turnover−0.6%
0.21
2025 · hover or tap a bar for each year
20162025
PPLC per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+6.4%
$12.16
2025 · hover or tap a bar for each year
20162025
Earnings per share+32.4%
$1.59
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
−$1.88
2025 · hover or tap a bar for each year
20162025
Book value per share+5.2%
$20.02
2025 · hover or tap a bar for each year
20162025
Dividends per share+5.8%
$1.07
2025 · hover or tap a bar for each year
20162025
Shares outstanding+0.5%
743.3M
2025 · hover or tap a bar for each year
20162025
PPLC financial health Debt, liquidity and how easily interest is covered.
Debt / equity+8.9%
1.30
2025 · hover or tap a bar for each year
20162025
Net debt+$1.8B
$18.28B
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA−0.19
4.95
2025 · hover or tap a bar for each year
20162025
Current ratio+0.1%
0.86
2025 · hover or tap a bar for each year
20162025
Interest coverage+11.8%
2.6
2025 · hover or tap a bar for each year
20162025
Debt / assets+4.5%
0.43
2025 · hover or tap a bar for each year
20162025
PPLC efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−2 days
65 days
2025 · hover or tap a bar for each year
20162025
Days of inventory+1 days
37 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding+14 days
97 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle−15 days
6 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue+11.4 pts
44.6%
2025 · hover or tap a bar for each year
20162025
PPLC returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PPLC debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PPLC cash returned to shareholders
DividendsBuybacksFree cash flow
PPLC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Per share | ||||||||||
| Revenue per share | $12.16 | $11.44 | $11.26 | $10.72 | $7.56 | $7.11 | $7.60 | $10.99 | $10.83 | $11.05 |
| Earnings per share | $1.59 | $1.20 | $1.00 | $1.03 | −$1.94 | $1.91 | $2.37 | $2.58 | $1.64 | $2.80 |
| Operating cash flow per share | $3.54 | $3.16 | $2.38 | $2.35 | $2.97 | $3.57 | $3.29 | $3.98 | $3.58 | $4.25 |
| Free cash flow per share | −$1.88 | −$0.63 | −$0.86 | −$0.58 | $0.39 | $0.62 | −$0.89 | −$0.59 | −$1.03 | −$0.10 |
| Cash per share | $1.44 | $0.41 | $0.45 | $0.48 | $4.67 | $0.57 | $1.11 | $0.88 | $0.71 | $0.50 |
| Book value per share | $20.02 | $19.03 | $18.88 | $18.88 | $17.94 | $17.38 | $17.63 | $16.45 | $15.66 | $14.55 |
| Tangible book value per share | $16.56 | $15.57 | $15.42 | $15.41 | $16.56 | $15.99 | $12.28 | $10.98 | $9.90 | $9.02 |
| Dividends per share | $1.07 | $1.01 | $0.95 | $1.07 | $1.67 | $1.66 | $1.62 | $1.60 | $1.56 | $1.51 |
| Capex per share | $5.42 | $3.79 | $3.24 | $2.92 | $2.58 | $2.95 | $4.18 | $4.57 | $4.56 | $4.29 |
| Debt per share | $26.03 | $22.72 | $21.14 | $19.31 | $14.66 | $20.61 | $31.28 | $31.09 | $30.95 | $28.29 |
| Shares outstanding | 743.3M | 739.9M | 738.2M | 736.9M | 764.8M | 769.4M | 736.8M | 708.6M | 687.3M | 680.4M |
| Change in shares outstanding | +0.5% | +0.2% | +0.2% | −3.7% | −0.6% | +4.4% | +4.0% | +3.1% | +1.0% | +1.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 8.2% | 6.3% | 5.3% | 5.5% | −10.9% | 11.1% | 14.2% | 16.3% | 10.9% | 19.2% |
| Return on invested capital (ROIC) | 5.4% | 4.6% | 4.6% | 4.4% | 2.8% | 3.3% | 3.6% | 7.1% | 5.7% | 7.6% |
| Return on assets (ROA) | 2.7% | 2.2% | 1.9% | 2.1% | −3.6% | 3.1% | 3.9% | 4.3% | 2.8% | 4.9% |
| Return on tangible assets | 2.8% | 2.3% | 2.0% | 2.1% | −4.6% | 3.1% | 4.2% | 4.6% | 3.0% | 5.5% |
| Free cash flow margin | −15.5% | −5.5% | −7.6% | −5.4% | 5.1% | 8.7% | −11.7% | −5.4% | −9.5% | −0.9% |
| Income quality (OCF / net income) | 2.23 | 2.64 | 2.38 | 2.29 | — | 1.87 | 1.39 | 1.54 | 2.18 | 1.52 |
| Financial health | ||||||||||
| Total debt | $19.35B | $16.81B | $15.60B | $14.23B | $11.21B | $15.86B | $23.04B | $22.03B | $21.27B | $19.25B |
| Cash & short-term investments | $1.07B | $306.0M | $331.0M | $356.0M | $3.57B | $442.0M | $815.0M | $621.0M | $485.0M | $341.0M |
| Net debt | $18.28B | $16.50B | $15.27B | $13.87B | $7.64B | $15.41B | $22.23B | $21.41B | $20.79B | $18.91B |
| Debt / equity | 1.30 | 1.19 | 1.12 | 1.02 | 0.82 | 1.19 | 1.77 | 1.89 | 1.98 | 1.94 |
| Debt / assets | 0.43 | 0.41 | 0.40 | 0.38 | 0.34 | 0.33 | 0.50 | 0.51 | 0.51 | 0.50 |
| Net debt / EBITDA | 4.95 | 5.14 | 5.22 | 5.21 | 2.98 | 5.78 | 8.73 | 4.84 | 5.31 | 4.25 |
| Current ratio | 0.86 | 0.86 | 0.88 | 0.75 | 2.16 | 1.39 | 0.56 | 0.53 | 0.57 | 0.54 |
| Quick ratio | 0.74 | 0.71 | 0.73 | 0.63 | 2.02 | 1.37 | 0.50 | 0.47 | 0.49 | 0.45 |
| Interest coverage | 2.6 | 2.4 | 2.4 | 2.7 | 1.6 | 2.5 | 2.5 | 3.0 | 3.2 | 3.3 |
| Working capital | −$615.0M | −$453.0M | −$408.0M | −$965.0M | $2.68B | $5.84B | −$2.13B | −$2.13B | −$1.73B | −$1.77B |
| Invested capital | $33.16B | $30.58B | $29.21B | $27.79B | $21.36B | $28.79B | $35.22B | $33.06B | $31.55B | $28.81B |
| Tangible asset value | $12.31B | $11.52B | $11.38B | $11.36B | $12.66B | $12.31B | $9.05B | $7.78B | $6.81B | $6.14B |
| Net current asset value | −$26.43B | −$24.11B | −$22.37B | −$21.09B | −$14.49B | −$13.84B | −$29.92B | −$29.31B | −$28.42B | −$26.35B |
| Graham number | $26.75 | $22.67 | $20.63 | $20.88 | — | $27.33 | $30.66 | $30.89 | $24.04 | $30.25 |
| Graham net-net per share | −$37.24 | −$34.26 | −$31.81 | −$30.20 | −$19.74 | −$43.50 | −$41.72 | −$42.47 | −$42.42 | −$39.73 |
| Capital allocation | ||||||||||
| Dividends paid | $794.0M | $747.0M | $704.0M | $787.0M | $1.28B | $1.27B | $1.19B | $1.13B | $1.07B | $1.03B |
| Share buybacks (net) | — | — | $0 | $0 | $1.00B | — | — | — | — | — |
| Dividend payout ratio | 67.2% | 84.1% | 95.1% | 104.1% | — | 86.8% | 68.3% | 62.0% | 95.0% | 54.2% |
| Dividends + buybacks / free cash flow | — | — | — | — | 768.4% | 267.9% | — | — | — | — |
| Capex / revenue | 44.6% | 33.1% | 28.8% | 27.3% | 34.1% | 41.5% | 55.0% | 41.6% | 42.1% | 38.8% |
| Capex / operating cash flow | 153.3% | 119.9% | 135.9% | 124.6% | 86.9% | 82.7% | 127.0% | 114.8% | 127.3% | 101.0% |
| Capex / depreciation | 2.85 | 2.07 | 1.79 | 1.75 | 1.76 | 2.10 | 3.06 | 2.76 | 2.84 | 2.90 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.4% | 0.5% | 0.6% | 0.5% | 0.6% | 0.3% | 0.5% | 0.4% |
| SG&A / revenue | — | — | 0.5% | 0.6% | 0.4% | 0.0% | 0.1% | 3.3% | 2.2% | 1.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 65.2 | 66.7 | 68.0 | 54.0 | 56.6 | 73.3 | 80.0 | 55.9 | 58.1 | 55.2 |
| Days of inventory on hand | 37.4 | 36.6 | 34.4 | 27.8 | 37.1 | 43.1 | 39.4 | 32.2 | 38.0 | 38.8 |
| Days payables outstanding | 97.1 | 82.8 | 83.5 | 68.4 | 84.7 | 115.6 | 120.7 | 99.0 | 98.1 | 88.8 |
| Cash conversion cycle (days) | 5.5 | 20.5 | 18.8 | 13.4 | 9.1 | 0.8 | -1.3 | -10.9 | -2.0 | 5.2 |
| Receivables turnover | 5.60 | 5.47 | 5.37 | 6.76 | 6.45 | 4.98 | 4.56 | 6.53 | 6.28 | 6.62 |
| Payables turnover | 3.76 | 4.41 | 4.37 | 5.34 | 4.31 | 3.16 | 3.02 | 3.69 | 3.72 | 4.11 |
| Inventory turnover | 9.75 | 9.98 | 10.62 | 13.11 | 9.84 | 8.47 | 9.26 | 11.32 | 9.60 | 9.41 |
| Asset turnover | 0.21 | 0.21 | 0.22 | 0.22 | 0.14 | 0.12 | 0.13 | 0.18 | 0.19 | 0.19 |
| Average receivables | $1.61B | $1.55B | $1.55B | $1.17B | $897.0M | $1.10B | $1.23B | $1.19B | $1.19B | $1.14B |
| Average payables | $1.38B | $1.15B | $1.15B | $940.0M | $712.0M | $850.5M | $972.5M | $956.5M | $872.0M | $816.0M |
| Average inventory | $531.0M | $508.0M | $474.0M | $382.5M | $312.0M | $317.0M | $317.5M | $311.5M | $338.0M | $356.5M |
| Intangibles / total assets | 5.7% | 6.2% | 6.5% | 6.8% | 3.2% | 2.2% | 8.6% | 8.9% | 9.5% | 9.8% |
Computed from PPLC's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PPLC valuation and financial ratios
PPL earned a return on equity of 8.2% and a return on invested capital of 5.4% in fiscal 2025. It ended the year with $19.4 billion of debt and $1.1 billion in cash and short-term investments, net debt of $18.3 billion. It returned $794.0 million to shareholders: $794.0 million in dividends and $0 in share buybacks. The share count rose 9.2% from 680.4M to 743.3M over 9 years.
See the PPLC income statement, the PPLC chart for price history, or the PPLC stock overview for the latest quote and news.
PPLC key metrics FAQ
What is PPL's return on equity?
PPL's return on equity (ROE) was 8.2% in fiscal 2025: net income of $1.2 billion on average shareholders' equity of $14.5 billion.
What is PPL's ROIC?
PPL's return on invested capital was 5.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does PPL have?
PPL had total debt of $19.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.30 and $18.3 billion of net debt (4.95 times EBITDA).
What is PPL's current ratio?
PPL's current ratio was 0.86 at the end of fiscal 2025: current assets were 0.86 times current liabilities.
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