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Screener / SEC EDGAR /CIK 0000922224 /10-K filed Feb 20, 2026, compared with Feb 13, 2025 /Numbers from the XBRL of the 10-Ks
Utilities peers:
NICNPWECPPLCMSAEE
NYSE Utilities · Electric Utilities

PPL Corporation PPL

PPL quote by TradingView

PPL, headquartered in Allentown, Pennsylvania, is a utility holding company, incorporated in 1994. 10-K, Item 1

Headquarters
Allentown, PA
Next results
around Feb 19, 2027
Compare with peers Embed

PPL among Utilities peers

Six ratios from the latest 10-K. Each corner is the share of 30 peers the company is above, not a score.

Compare
Revenue growth: 8.6%, above 33% of 30 peers (their median 9.7%) REVENUE GROWTH 8.6% · above 33% Operating margin: 23.3%, above 57% of 28 peers (their median 23.1%) OPERATING MARGIN 23.3% · above 57% Net margin: 13.0%, above 37% of 30 peers (their median 14.1%) NET MARGIN 13.0% · above 37% FCF margin: -17.2%, above 35% of 23 peers (their median -11.5%) FCF MARGIN -17.2% · above 35% Return on capital: 4.8%, above 25% of 28 peers (their median 5.3%) RETURN ON CAPITAL 4.8% · above 25%
PPL Peer median Below the median

What changed

6 new risk paragraphs. 10-K filed Feb 20, 2026 against Feb 13, 2025.

Risk factors
6 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
10 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 10 checks found nothing to note

  • Receivables +15.3% vs revenue +8.6% (+6.7 pts)
  • Cash from operations $2.6B vs net income $1.2B (FY ending Dec 31, 2025)
  • Inventory +7.8% vs revenue +8.6% (-0.8 pts)
7 more checks with nothing to note
  • Same auditor in both 10-Ks: Deloitte & Touche LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

6 paragraphs in Risk Factors that were not in the 10-K filed Feb 13, 2025. Quoted as filed.

All 6 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    The business and capital investment plans of PPL depend, in part, on the continued growth and viability of data centers and large load customers in its service territories. PPL is anticipating increases in load demand, creating a business need for new power generating resources and transmission facilities. Much of this demand is driven…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    PPL is anticipating increases in load demand, creating the need for new power generating resources and transmission facilities. A substantial portion of this demand is driven by the current and projected power needs of data centers to serve an increasingly digital economy and to support artificial intelligence. Extending service to…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    Many of these environmental law considerations are also applicable to the operations of our key suppliers or customers, such as coal producers, power producers and industrial power users, and may impact the costs of their products and demand for our services.
  4. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    Because AI technologies remain in the early stages of development and industry standards are still emerging, their use, whether by PPL, its subsidiaries or third-party vendors, presents inherent risks. Although we seek contractual protections and conduct due diligence with third-party vendors that incorporate AI technologies into their…

New risk paragraphs, against peers

Latest 10-K of each, Utilities companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$7.9B$8.3B$8.5B$9.2B
Net income$756.0M$740.0M$888.0M$1.2B
Operating cash flow$1.7B$1.8B$2.3B$2.6B
Free cash flow−$425.0M−$632.0M−$465.0M−$1.4B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$9.2B ▲ 8.4% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

PPL Corporation, Allentown, PA · from the 10-K filed Feb 20, 2026

PPL, headquartered in Allentown, Pennsylvania, is a utility holding company, incorporated in 1994. PPL, through its regulated utility subsidiaries, delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky. PPL's principal subsidiaries at December 31, 2025 are shown below (* denotes a Registrant).

Headquarters
Allentown, PA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 6, 2026

Email alerts

Sources

The 10-K filed Feb 20, 2026 (open at SEC), compared with the 10-K filed Feb 13, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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