PPL Corporation (PPL) Operating Margin: 23.53%
Is PPL Corporation’s operating margin high or low?
PPL Corporation's operating margin of 23.53% is in line with its 5-year average of 22.45%, around the middle of its 5-year range (17.39%–28.97%).
As of Sunday, June 21, 2026. 6.64% above its 12-month average of 22.06%.
PPL Operating Margin Chart
PPL Average Operating Margin Chart
PPL Current vs Average Operating Margin Chart
PPL Operating Margin Metrics
OPERATING MARGIN
23.53%
OPERATING MARGIN AVG TTM
22.06%
OPERATING MARGIN AVG 3Y
20.28%
OPERATING MARGIN AVG 5Y
22.45%
OPERATING MARGIN AVG 10Y
28.50%
OPERATING MARGIN AVG 15Y
28.53%
OPERATING MARGIN AVG 20Y
26.88%
CURRENT VS TTM AVG
+6.64%
CURRENT VS 3Y AVG
+16.01%
CURRENT VS 5Y AVG
+4.80%
CURRENT VS 10Y AVG
-17.44%
CURRENT VS 15Y AVG
-17.53%
CURRENT VS 20Y AVG
-12.45%
PPL Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PPL Corporation (PPL) | $26.62B | 23.53% | 22.06% | 20.28% | 22.45% |
| FirstEnergy Corp. (FE)vs › | $26.87B | 18.72% | 18.20% | 17.33% | 17.48% |
| Eversource Energy (ES)vs › | $26.17B | 22.52% | 22.40% | 20.71% | 20.89% |
| CenterPoint Energy, Inc. (CNP)vs › | $28.01B | 22.51% | 22.79% | 20.65% | 18.82% |
| Atmos Energy Corporation (ATO)vs › | $28.39B | 35.87% | 32.86% | 28.15% | 28.06% |
| NRG Energy, Inc. (NRG)vs › | $28.50B | 3.00% | 7.32% | 5.59% | 7.82% |
| American Water Works Company, Inc. (AWK)vs › | $24.42B | 36.48% | 36.62% | 35.58% | 34.30% |
| Ameren Corporation (AEE)vs › | $30.07B | 23.97% | 21.46% | 20.68% | 21.00% |
| CMS Energy Corporation (CMS)vs › | $22.67B | 19.53% | 20.00% | 17.70% | 17.60% |
| NiSource Inc. (NI)vs › | $22.66B | 27.78% | 27.16% | 24.87% | 21.96% |
Operating Efficiency
Gross Margin
35.2%
Operating Margin
23.5%
PPL Corporation Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
PPL Corporation Operating Margin FAQ
- What is the operating margin for PPL Corporation (PPL)?
- The operating margin for PPL stock is 23.53%.
- Is PPL Corporation's operating margin high or low?
- PPL Corporation's operating margin of 23.53% is in line with its 5-year average of 22.45%, around the middle of its 5-year range (17.39%–28.97%).
- What is the TTM average operating margin for PPL Corporation (PPL)?
- The TTM average operating margin for PPL stock is 22.06%.
- What is the 3Y average operating margin for PPL Corporation (PPL)?
- The 3Y average operating margin for PPL stock is 20.28%.
- What is the 5Y average operating margin for PPL Corporation (PPL)?
- The 5Y average operating margin for PPL stock is 22.45%.
- What is the 10Y average operating margin for PPL Corporation (PPL)?
- The 10Y average operating margin for PPL stock is 28.50%.
- What is the 15Y average operating margin for PPL Corporation (PPL)?
- The 15Y average operating margin for PPL stock is 28.53%.
- What is the 20Y average operating margin for PPL Corporation (PPL)?
- The 20Y average operating margin for PPL stock is 26.88%.
PPL Corporation Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 23.57% |
| 2024-12-31 | 20.56% |
| 2023-12-31 | 19.61% |
| 2022-12-31 | 17.39% |
| 2021-12-31 | 24.62% |
| 2020-12-31 | 28.97% |
| 2019-12-31 | 27.24% |
| 2018-12-31 | 36.63% |
| 2017-12-31 | 38.96% |
| 2016-12-31 | 39.06% |
| 2015-12-31 | 36.91% |
| 2014-12-31 | 36.51% |
| 2013-12-31 | 35.26% |
| 2012-12-31 | 24.94% |
| 2011-12-31 | 24.35% |
| 2010-12-31 | 21.90% |
| 2009-12-31 | 12.03% |
| 2008-12-31 | 22.39% |
| 2007-12-31 | 25.90% |
| 2006-12-31 | 24.61% |
| 2005-12-31 | 22.98% |
| 2004-12-31 | 24.44% |
| 2003-12-31 | 24.46% |
| 2002-12-31 | 22.73% |
| 2001-12-31 | 16.62% |
| 2000-12-31 | 26.27% |
| 1999-12-31 | 19.00% |
| 1998-12-31 | 24.30% |
| 1997-12-31 | 26.00% |
| 1996-12-31 | 27.80% |
About PPL Corporation
PPL Corporation functions as a utility holding company, primarily engaged in the distribution of electricity and natural gas throughout both the United States and the United Kingdom. Its operational footprint in the U.S. is segmented into two regulated divisions: one in Kentucky and another in Pennsylvania. In Kentucky, the company supplies electricity to approximately 429,000 customers and natural gas to about 333,000 in the Louisville region and surrounding areas. It also serves an additional 538,000 electric customers across central, southeastern, and western parts of the state. Furthermore, PPL reaches around 28,000 electric customers in five counties located in southwestern Virginia. Its most significant customer base is in Pennsylvania, where it provides electric services to roughly 1.4 million individuals. Beyond mere delivery, PPL is also involved in electricity generation within Kentucky, utilizing a mix of sources including coal, natural gas, hydro, and solar power. The company also sells wholesale electricity to two municipalities in Kentucky. PPL Corporation was established in 1920 and its main office is situated in Allentown, Pennsylvania.
- Sector
- Utilities
- Industry
- Regulated Electric
- CEO
- Vincent Sorgi