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PPL Corporation(PPL)

F

Financial data as of Dec 31, 2025Declining · Utilities

FCF Margin-15.5%Free Cash Flow / Revenue
Cash Conversion222.6%Operating CF / Net Income
Free Cash Flow-$1.4B
Revenue$9.0B
Net Cash-$18.3BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.86Tight short-term liquidity
YoY FCF Growth-75.9%0 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Current ratio below 1.0 (0.86)
→
-1Negative FCF in 4 of last 4 quarters
→
-1Significant YoY FCF decline (-75.9%)
→
-1Only 0 positive quarters recently
→
FinalF

Analysis Summary

Strengths

  • Excellent cash conversion (223%)

Concerns

  • Negative FCF margin (-15.5%)
  • Net debt position ($18.3B)
  • Current ratio below 1.0 — tight short-term liquidity
  • Only 0 positive FCF quarters recently
  • Significant YoY FCF decline (-75.9%)
Heavy CapEx — Operating cash flow is strong (29% margin) but most is reinvested

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-15.5%
Net Margin13.1%
Operating CF Margin29.1%
CapEx Ratio44.6%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$18.3BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.86Tight liquidity
Debt / Equity1.30Moderate leverage

Quarterly FCF Trend

-75.9% YoYDeclining (-75.9%)

Free cash flow per quarter

Sector Comparison — Utilities

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NamePPL Corporation
SectorUtilities
Free Cash Flow-$1.4B
Revenue$9.0B
Net Income$1.2B
Operating Cash Flow$2.6B
Capital Expenditure$4.0B
FCF Margin-15.5%
Cash Conversion Rate222.6%
Net Margin13.1%
Total Debt$19.4B
Total Cash$1.1B
Net Cash-$18.3B
Current Ratio0.86
Debt / Equity1.30
Debt / FCFN/A
YoY FCF Growth-75.9%
Positive Quarters0 of 5
Trend DirectionDeclining
Report DateDec 31, 2025
GradeF
Data SourceYahoo Finance