PPL Corporation

PPLNYSEUtilities● Active

$35.62

$-0.12(-0.34%)

Market Cap$26.8B

P/E Ratio—

52W High$40.11

52W Low$33.17

Avg Volume7.9M

Open$35.27

Beta0.60

Overview

PPL Corporation (PPL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PPL · free cash flow · updated Jun 8, 2026

Core FCF metrics

PPL · FCF · TTM · margin & CAGR

Free cash flow was −$1.40B for FY2025 (fiscal year ending 2025-12-31), down 201.3% year-over-year The FCF margin was -15.5%.

FY2025 Free Cash Flow−$1.40B▼ -201.3% YoY

Trailing 12M (TTM)−$1.62Btrailing 4 quarters sum

FCF Margin-15.5%−$1.40B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PPL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.63B(4.03B)−$1.40B▼ 201.3%-15.5%

FY2024$2.34B(2.81B)−$465.0M▲ +26.4%-5.5%

FY2023$1.76B(2.39B)−$632.0M▼ 48.7%-7.6%

FY2022$1.73B(2.15B)−$425.0M▼ 243.1%-5.4%

FY2021$2.27B(1.97B)$297.0M▼ 37.6%5.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PPL · P/FCF · FCF yield · FCF per share

PPL Corporation (PPL) reported negative free cash flow of −$1.40B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PPL · cash flow statement · operating / investing / financing

For FY2025, PPL Corporation generated $2.63B in operating cash flow and spent 4.03B in capital expenditures, yielding −$1.40B in free cash flow.

Operating Activities

+$2.63B

Cash from core business operations

2025-12-31

Investing Activities

−$4.00B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$2.12B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.63B) − |CapEx| (4.03B) = FCF (−$1.40B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

PPL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

PPL CorporationYOU

PPL

−$1.40B-201.3%-15.5%

Loss

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

PPL Corporation (PPL) reported free cash flow of −$1.40B for FY2025 (fiscal year ending 2025-12-31), down 201.3% year-over-year. The FCF margin was -15.5%.

Based on available data, PPL Corporation has maintained positive free cash flow for at least 3 fiscal year(s). FCF peaked at $476.0M in FY2020.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PPL free cash flow · 8 questions

PPL Corporation free cash flow was −$1.40B for FY2025, down 201.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$1.62B.

PPL free cash flowPPL FCFPPL FCF 2025PPL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · PPL Corporation · PPL Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026