{ "ok": true, "cik": "922224", "ticker": "PPL", "name": "PPL Corp", "filings": [ { "form": "8-K", "filed": "2026-08-27", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/922224/000092222426000048/0000922224-26-000048-index.htm" }, { "form": "8-K", "filed": "2026-08-17", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/922224/000092222426000046/0000922224-26-000046-index.htm" }, { "form": "10-Q", "filed": "2026-08-07", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/922224/000092222426000044/0000922224-26-000044-index.htm" }, { "form": "8-K", "filed": "2026-08-07", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/922224/000092222426000042/0000922224-26-000042-index.htm" }, { "form": "8-K", "filed": "2026-06-30", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/922224/000092222426000040/0000922224-26-000040-index.htm" }, { "form": "8-K", "filed": "2026-06-04", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/922224/000092222426000036/0000922224-26-000036-index.htm" } ], "events12m": 25, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-06-30", "url": "https://www.sec.gov/Archives/edgar/data/922224/000092222426000040/0000922224-26-000040-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000922224.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=922224" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up PPL Corp ($PPL). Last filing: 8-K (8.01 Other Events), 2026-08-27. 25 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 9170000000, "revenueGrowth1y": 0.08366816355471518, "revenueGrowthPerYear": 0.11950570543707029, "yearsOfData": 5, "operatingMargin": 0.2321701199563795, "operatingMarginPrior": 0.2056251477192153, "netMargin": 0.12878953107960742, "operatingCashFlow": 2629000000, "capitalSpending": 4030000000, "freeCashFlow": -1401000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 1071000000, "longTermDebt": 18894000000, "longTermDebtChange": 0.14488274859116523, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 5838000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 7902000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 8312000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 8462000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 9170000000 } ], "totalEquity": 14881000000, "totalAssets": 45244000000, "equityRatio": 0.32890549023074883, "returnOnEquity": 0.07936294603857268, "dividendsPaid": 794000000, "payoutRatio": 0.672311600338696, "dividendPerShare": 1.09, "dividendYearsRising": 3, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 1.6, "sharesOutstanding": 743348000, "bookValuePerShare": 20.01888751970813, "revenuePerShare": 12.336079467490327, "range80": { "low": 8131751632.14668, "high": 11245070078.140453, "baseline": 9786803221.553465, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.12910583046823235, "classVolatility": 0.07701947805587882, "volatility": 0.10630220002636812 }, "ifPaceHeld": { "low": 8131751632.14668, "high": 11245070078.140453 } }, "edgarette": "🔖 Exposure: revenue $9.2B (FY2025), total debt $18.9B. Experience: revenue up 8.4% on the year, up 12.0% a year over 4 years; operating margin 23.2%, up from 20.6%. Soundness: equity 32.9% of assets, return on equity 7.9%, payout 67.2% of profit, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $8.1B and $11.2B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $7.2B to $12.7B. A statistical range, not company guidance. Against peers (40 filers, $50M+ revenue, electric services): operating margin 23.2% against a 20.3% median; growth 8.4% against 9.4%.", "peers": { "sic": 4911, "sicDescription": "Electric Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4911", "growth": [ 0.0937, 40 ], "opMargin": [ 0.2032, 40 ], "equityRatio": [ 0.2453, 26 ], "returnOnEquity": [ 0.0943, 21 ], "payoutRatio": [ 0.5107, 22 ] }, "summary": "Ppl (PPL) grew revenue 8.4% in FY2025 to $9.2 billion, operating margin 23.2% against a 20.3% median for electric services, equity 32.9% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
PPL Corp against its own record and its peers
Operating marginPeer median 20.3%23.2%Revenue, on the yearPeer median 9.4%8.4%Equity of assetsPeer median 24.5%32.9%Return on equityPeer median 9.4%7.9%Payout of profitPeer median 51.1%67.2%Gold tick: the median of 21–26 peers with $50M+ revenue in electric services
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit67.2% paid out32.8% keptHanded back per share$1.09up 3 years runningGrowth its own profit can fund2.6%retained x return on equityRevenue growth it managed8.4%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 13, "hits": 9, "rate": 0.6923076923076923, "method": "v4", "byYear": { "2013": [ 0, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 0, 1 ], "2020": [ 0, 1 ], "2021": [ 1, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:36:31.278Z", "hash": "755130895385bbcf", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Ppl (PPL) grew revenue 8.4% in FY2025 to $9.2 billion, operating margin 23.2% against a 20.3% median for electric services, equity 32.9% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 9170000000, "totalDebt": 18894000000, "cash": 1071000000 }, "experience": { "revenueGrowth1y": 0.08366816355471518, "revenueGrowthPerYear": 0.11950570543707029, "operatingMargin": 0.2321701199563795, "operatingMarginPrior": 0.2056251477192153, "netMargin": 0.12878953107960742, "freeCashFlow": -1401000000 }, "soundness": { "equityRatio": 0.32890549023074883, "returnOnEquity": 0.07936294603857268, "payoutRatio": 0.672311600338696, "dividendPerShare": 1.09, "dividendYearsRising": 3, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 4911, "sicDescription": "Electric Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4911", "growth": [ 0.0937, 40 ], "opMargin": [ 0.2032, 40 ], "equityRatio": [ 0.2453, 26 ], "returnOnEquity": [ 0.0943, 21 ], "payoutRatio": [ 0.5107, 22 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-06-30", "url": "https://www.sec.gov/Archives/edgar/data/922224/000092222426000040/0000922224-26-000040-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 8131751632.14668, "high": 11245070078.140453, "baseline": 9786803221.553465, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.12910583046823235, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.10630220002636812, "k": 3 }, "stress": { "low": 7223884467.822973, "high": 12659749943.423838, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 13, "hits": 9, "rate": 0.6923076923076923, "method": "v4", "byYear": { "2013": [ 0, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 0, 1 ], "2020": [ 0, 1 ], "2021": [ 1, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:36:31.278Z", "hash": "755130895385bbcf", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000922224.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=922224" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2867, "growth3y": 0.0509, "volatility": 0.1291, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.3289, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "between", "inside": "Turns 28.7% of revenue into operating cash; revenue growing 5.1% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 80th percentile for cash, 52nd for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$1B-10B", "cashPctInClass": 80, "growthPctInClass": 52, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 2629000000, "investing": -4004000000, "financing": 2122000000, "capitalSpending": 4030000000, "free": -1401000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 2270000000, "free": 297000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 1730000000, "free": -425000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 1758000000, "free": -632000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 2340000000, "free": -465000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 2629000000, "free": -1401000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 1071000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 45244000000, "ladder": null, "currentRatio": 0.86, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2867, "growth3y": 0.0509, "volatility": 0.1291, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.3289, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "between", "inside": "Turns 28.7% of revenue into operating cash; revenue growing 5.1% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 80th percentile for cash, 52nd for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$1B-10B", "cashPctInClass": 80, "growthPctInClass": 52, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 2629000000, "investing": -4004000000, "financing": 2122000000, "capitalSpending": 4030000000, "free": -1401000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 2270000000, "free": 297000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 1730000000, "free": -425000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 1758000000, "free": -632000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 2340000000, "free": -465000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 2629000000, "free": -1401000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 1071000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 45244000000, "ladder": null, "currentRatio": 0.86, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }