The Tip Desk

PPL Corp

Company Stats

Market Cap
$24.8B
as of Sep 30, 2026
Enterprise Value
$42.8B
Shares Outstanding
752.5M
Free Float
99.8%

Income Statement

Revenue
$9.2B
Operating Income
$2.1B
Net Income
$1.2B
EBITDA
$3.4B
Revenue Growth, 3Y
5.6%
FCF Margin, 3Y Avg
-9.5%
FCF Margin, Worst Year
-15.3%

Cash Flow

Free Cash Flow
-$1.4B
FCF Yield
-5.7%
Owner FCF Yield
-5.9%

Balance Sheet

Cash & Equivalents
$1.1B
Total Debt
$19.1B
Net Debt
$18.0B
Net Debt / EBITDA
5.24x
EV / EBITDA
12.43x
Net Debt / EBIT
8.46x

Returns & Capital

Dividends Paid
$794.0M
Dividend Yield
3.2%
Dividend Payout, 3Y Avg
82.2%
SBC, 3Y Avg
$42.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$9.2B-$1.4B-15.3%
FY2024$8.4B-$465.0M-5.5%
FY2023$8.3B-$632.0M-7.6%
FY2022$7.8B-$425.0M-5.5%
FY2021$5.8B$297.0M5.1%

Annual filing data through FY ended December 31, 2025; shares and float as of October 25, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage