PPL Corp (PPL) closed fiscal year 2025 with a gross margin of 42.1 % and a net margin of 12.9 %.
PPL Corp (PPL) closed fiscal year 2025 with a gross margin of 42.1 % and a net margin of 12.9 %. The same year shows an EBITDA margin of 38.7 % and an EBIT margin of 23.2 %. The free cash flow margin was -15.3 %. Against the previous year the gross margin moved +2.0 pp and the net margin +2.4 pp. Across the period the gross margin ranges between 36.5 % in 2022 and 42.1 % in 2025. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 36.54 % | 39.41 % | 40.10 % | 42.14 % |
| EBITDA margin (%) | — | — | — | 24.40 % | 26.34 % | 26.48 % | 47.78 % | 49.10 % | 49.20 % | 52.44 % | 53.79 % | 51.69 % | 45.22 % | 48.70 % | 43.59 % | 32.99 % | 35.67 % | 36.60 % | 38.66 % |
| EBIT margin (%) | — | — | 12.03 % | 21.90 % | 24.35 % | 24.94 % | 35.26 % | 36.51 % | 36.91 % | 39.06 % | 38.96 % | 36.63 % | 27.24 % | 28.97 % | 24.39 % | 17.39 % | 19.61 % | 20.56 % | 23.22 % |
| Net margin (%) | — | — | 5.46 % | 11.01 % | 11.74 % | 12.58 % | 15.56 % | 22.12 % | 8.89 % | 25.30 % | 15.15 % | 23.47 % | 31.17 % | 26.84 % | -25.35 % | 9.57 % | 8.90 % | 10.49 % | 12.88 % |
| FCF margin (%) | — | — | 8.42 % | 5.12 % | 0.16 % | -2.81 % | -10.64 % | -3.45 % | -11.97 % | -0.40 % | -9.02 % | -5.36 % | 3.28 % | 8.70 % | 5.09 % | -5.38 % | -7.60 % | -5.50 % | -15.28 % |
