PPL Corporation (PPL) - Net Assets
Based on the latest financial reports, PPL Corporation (PPL) has net assets worth $21.93 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($46.30 Billion) and total liabilities ($24.38 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PPL Corporation (PPL) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $21.93 Billion |
| % of Total Assets | 47.35% |
| Annual Growth Rate | 5.41% |
| 5-Year Change | 8.44% |
| 10-Year Change | 50.33% |
| Growth Volatility | 17.07 |
PPL Corporation - Net Assets Trend (1995–2025)
This chart illustrates how PPL Corporation's net assets have evolved over time, based on quarterly financial data. See PPL Corporation defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for PPL Corporation (1995–2025)
The table below shows the annual net assets of PPL Corporation from 1995 to 2025. For live valuation and market cap data, see PPL market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $14.88 Billion | +5.71% |
| 2024-12-31 | $14.08 Billion | +1.03% |
| 2023-12-31 | $13.93 Billion | +0.11% |
| 2022-12-31 | $13.92 Billion | +1.42% |
| 2021-12-31 | $13.72 Billion | +2.62% |
| 2020-12-31 | $13.37 Billion | +2.94% |
| 2019-12-31 | $12.99 Billion | +11.44% |
| 2018-12-31 | $11.66 Billion | +8.33% |
| 2017-12-31 | $10.76 Billion | +8.71% |
| 2016-12-31 | $9.90 Billion | -0.20% |
| 2015-12-31 | $9.92 Billion | -27.22% |
| 2014-12-31 | $13.63 Billion | +9.32% |
| 2013-12-31 | $12.47 Billion | +18.75% |
| 2012-12-31 | $10.50 Billion | -4.94% |
| 2011-12-31 | $11.04 Billion | +30.25% |
| 2010-12-31 | $8.48 Billion | +45.80% |
| 2009-12-31 | $5.82 Billion | +14.13% |
| 2008-12-31 | $5.09 Billion | -8.61% |
| 2007-12-31 | $5.58 Billion | +7.58% |
| 2006-12-31 | $5.18 Billion | +14.52% |
| 2005-12-31 | $4.53 Billion | +4.12% |
| 2004-12-31 | $4.35 Billion | +29.19% |
| 2003-12-31 | $3.36 Billion | +43.64% |
| 2002-12-31 | $2.34 Billion | +18.46% |
| 2001-12-31 | $1.98 Billion | -8.60% |
| 2000-12-31 | $2.16 Billion | +21.93% |
| 1999-12-31 | $1.77 Billion | -5.99% |
| 1998-12-31 | $1.89 Billion | -35.07% |
| 1997-12-31 | $2.91 Billion | -9.50% |
| 1996-12-31 | $3.21 Billion | +4.81% |
| 1995-12-31 | $3.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PPL Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 196.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.21 Billion | 21.55% |
| Common Stock | $8.00 Million | 0.05% |
| Other Comprehensive Income | $-202.00 Million | -1.36% |
| Other Components | $11.87 Billion | 79.75% |
| Total Equity | $14.88 Billion | 100.00% |
PPL Corporation Competitors by Market Cap
The table below lists competitors of PPL Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ACM Research Shanghai Inc
SHG:688082
|
$26.61 Billion |
|
PTT Public Company Limited
F:NVA3
|
$26.62 Billion |
|
Hanwha Ocean Co., Ltd
KO:042660
|
$26.66 Billion |
|
Bank Leumi Le-Israel B.M
TA:LUMI
|
$26.70 Billion |
|
Airports Of Thailand PCL
BK:AOT
|
$26.61 Billion |
|
Expedia Group Inc.
NASDAQ:EXPE
|
$26.58 Billion |
|
Huntington Bancshares Incorporated
NASDAQ:HBAN
|
$26.55 Billion |
|
CK HUTCHISON HLDGS ADR 1
F:2CKA
|
$26.54 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PPL Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,077,000,000 to 14,881,000,000, a change of 804,000,000 (5.7%).
- Net income of 1,181,000,000 contributed positively to equity growth.
- Dividend payments of 794,000,000 reduced retained earnings.
- Share repurchases of 401,000,000 reduced equity.
- New share issuances of 401,000,000 increased equity.
- Other comprehensive income decreased equity by 18,000,000.
- Other factors increased equity by 435,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.18 Billion | +7.94% |
| Dividends Paid | $794.00 Million | -5.34% |
| Share Repurchases | $401.00 Million | -2.69% |
| Share Issuances | $401.00 Million | +2.69% |
| Other Comprehensive Income | $-18.00 Million | -0.12% |
| Other Changes | $435.00 Million | +2.92% |
| Total Change | $- | 5.71% |
Book Value vs Market Value Analysis
This analysis compares PPL Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.77x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.64x to 1.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $9.73 | $35.38 | x |
| 1996-12-31 | $10.00 | $35.38 | x |
| 1997-12-31 | $8.84 | $35.38 | x |
| 1998-12-31 | $5.65 | $35.38 | x |
| 1999-12-31 | $5.62 | $35.38 | x |
| 2000-12-31 | $7.28 | $35.38 | x |
| 2001-12-31 | $6.61 | $35.38 | x |
| 2002-12-31 | $7.54 | $35.38 | x |
| 2003-12-31 | $9.44 | $35.38 | x |
| 2004-12-31 | $11.53 | $35.38 | x |
| 2005-12-31 | $10.91 | $35.38 | x |
| 2006-12-31 | $14.11 | $35.38 | x |
| 2007-12-31 | $14.45 | $35.38 | x |
| 2008-12-31 | $13.54 | $35.38 | x |
| 2009-12-31 | $14.60 | $35.38 | x |
| 2010-12-31 | $19.02 | $35.38 | x |
| 2011-12-31 | $19.56 | $35.38 | x |
| 2012-12-31 | $18.02 | $35.38 | x |
| 2013-12-31 | $18.80 | $35.38 | x |
| 2014-12-31 | $20.46 | $35.38 | x |
| 2015-12-31 | $14.75 | $35.38 | x |
| 2016-12-31 | $14.55 | $35.38 | x |
| 2017-12-31 | $15.66 | $35.38 | x |
| 2018-12-31 | $16.45 | $35.38 | x |
| 2019-12-31 | $17.63 | $35.38 | x |
| 2020-12-31 | $17.38 | $35.38 | x |
| 2021-12-31 | $17.94 | $35.38 | x |
| 2022-12-31 | $18.88 | $35.38 | x |
| 2023-12-31 | $18.88 | $35.38 | x |
| 2024-12-31 | $19.03 | $35.38 | x |
| 2025-12-31 | $19.97 | $35.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PPL Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.06%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 3.04x
- Recent ROE (7.94%) is below the historical average (11.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 11.44% | 12.74% | 0.29x | 3.10x | $44.15 Million |
| 1996 | 11.12% | 12.27% | 0.30x | 3.00x | $35.90 Million |
| 1997 | 11.01% | 10.40% | 0.32x | 3.26x | $29.40 Million |
| 1998 | -28.83% | -14.37% | 0.39x | 5.09x | $-732.70 Million |
| 1999 | 26.78% | 9.98% | 0.41x | 6.53x | $287.00 Million |
| 2000 | 24.85% | 11.53% | 0.37x | 5.86x | $313.10 Million |
| 2001 | 11.91% | 4.52% | 0.41x | 6.48x | $37.10 Million |
| 2002 | 11.93% | 5.02% | 0.35x | 6.75x | $44.40 Million |
| 2003 | 23.05% | 13.66% | 0.33x | 5.17x | $432.00 Million |
| 2004 | 16.22% | 12.10% | 0.32x | 4.14x | $267.00 Million |
| 2005 | 15.17% | 12.24% | 0.31x | 4.01x | $231.10 Million |
| 2006 | 16.15% | 13.49% | 0.31x | 3.86x | $314.80 Million |
| 2007 | 23.51% | 20.10% | 0.33x | 3.59x | $750.40 Million |
| 2008 | 18.32% | 11.61% | 0.37x | 4.22x | $422.30 Million |
| 2009 | 7.41% | 5.46% | 0.34x | 4.03x | $-142.60 Million |
| 2010 | 11.43% | 11.01% | 0.26x | 4.00x | $117.00 Million |
| 2011 | 13.87% | 11.74% | 0.30x | 3.96x | $417.50 Million |
| 2012 | 14.56% | 12.58% | 0.28x | 4.16x | $478.00 Million |
| 2013 | 9.06% | 15.56% | 0.16x | 3.71x | $-116.60 Million |
| 2014 | 12.75% | 22.12% | 0.16x | 3.59x | $374.20 Million |
| 2015 | 6.88% | 8.89% | 0.20x | 3.96x | $-309.90 Million |
| 2016 | 19.21% | 25.30% | 0.20x | 3.87x | $912.10 Million |
| 2017 | 10.48% | 15.15% | 0.18x | 3.85x | $51.90 Million |
| 2018 | 15.67% | 23.47% | 0.18x | 3.72x | $661.30 Million |
| 2019 | 13.44% | 31.17% | 0.12x | 3.52x | $446.90 Million |
| 2020 | 10.98% | 26.84% | 0.11x | 3.60x | $131.70 Million |
| 2021 | -10.78% | -25.59% | 0.17x | 2.42x | $-2.85 Billion |
| 2022 | 5.43% | 9.57% | 0.21x | 2.72x | $-635.50 Million |
| 2023 | 5.31% | 8.90% | 0.21x | 2.82x | $-653.30 Million |
| 2024 | 6.31% | 10.49% | 0.21x | 2.92x | $-519.70 Million |
| 2025 | 7.94% | 13.06% | 0.20x | 3.04x | $-307.10 Million |
Industry Comparison
This section compares PPL Corporation's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $28,542,420,000
- Average return on equity (ROE) among peers: 1.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PPL Corporation (PPL) | $21.93 Billion | 11.44% | 1.11x | $26.61 Billion |
| Ameren Corp (AEE) | $6.69 Billion | 4.32% | 2.15x | $30.07 Billion |
| American Electric Power Co Inc (AEP) | $22.68 Billion | 10.97% | 2.87x | $69.48 Billion |
| CMS Energy Corporation (CMS) | $3.49 Billion | 12.95% | 3.99x | $22.43 Billion |
| CenterPoint Energy Inc (CNP) | $3.20 Billion | 13.82% | 5.29x | $27.65 Billion |
| Dominion Energy Inc (D) | $12.04 Billion | 23.32% | 2.56x | $58.27 Billion |
| DTE Energy Company (DTE) | $11.84 Billion | 9.88% | 2.57x | $30.36 Billion |
| Duke Energy Corporation (DUK) | $53.02 Billion | 9.37% | 2.69x | $96.56 Billion |
| Consolidated Edison Inc (ED) | $18.21 Billion | 7.37% | 2.19x | $39.18 Billion |
| Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) | $143.55 Billion | -90.20% | 2.23x | $519.48 Million |
| Edison International (EIX) | $10.71 Billion | 11.35% | 3.17x | $27.16 Billion |
About PPL Corporation
PPL Corporation provides electricity and natural gas to approximately 3.6 million customers in the United States. It operates in three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company engages in the transmission and distribution of electricity in eastern and central Pennsylvania; generation, transmission, distribution, and sale of electricity in Kentuc… Read more