Ppl's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Ppl (PPL) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Ppl vs Its Competitors
- TTM: Trailing 12-month revenue of 9,312M vs 897,818M combined for tracked competitors (1.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+19.2% annualized vs trailing 12 months), vs accelerating (+7.4%) for its tracked peer group.
- Growth: Ppl generated 10.8% revenue growth year over year in Q1 2026, vs 11.6% for its tracked competitors combined.
- Profitability: Its 16.3% net margin compares with 12.9% for the peer group.
- Scale: Ppl ranks #19 of 74 companies by market capitalization in the Electric Utilities industry, holding 1.8% of industry market cap.
- Peer revenue share: Ppl accounted for 1.1% of combined revenue among its tracked peer group, down from 1.2% a year earlier.
- Peer differentiation: Revenue per employee of $0.93M compares with $1.03M for the peer group (0.9x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
PPL Sales vs. its Competitors, Q1 2026
Ppl reported revenue growth of 10.78 % year on year in Q1 2026, below its competitors' combined revenue growth of 11.63 %.
With a net margin of 16.29 %, Ppl achieved higher profitability than its competitors (12.91 %).
Ppl generated 1.14 % of the combined sales of its peer group, down from 1.15 % a year earlier.
Ppl vs. its Competitors, Q1 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Ppl and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Ppl Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Ppl's competitor groups requires a Commercial License.
For context: the Electric Utilities industry grew revenue 13.3% year over year, combined, vs 10.8% for Ppl. Ppl's share of combined industry revenue moved from 0.60% to 0.59%, a loss of 0.01 percentage points.
Ppl's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Ppl Corporation | Yes | Yes | No | No |
| Competitors combined (37) | ||||
| High-Confidence Competitors (1) | - | |||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 25.00 % (2 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
PPL Stock Performance relative to its Competitors
PPL Stock Performance relative to High-Confidence Competitors
PPL Stock Performance relative to Similar-Size Competitors
PPL Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Canadian Natural Resources Limited | 282.9% | Outperformed |
| 2 | Oneok Inc | 282.9% | Outperformed |
| 3 | The Aes Corporation | 282.9% | Outperformed |
| 4 | American Electric Power Co Inc | 282.9% | Outperformed |
| 5 | Mdu Resources Group Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Ppl's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Ppl's Comment on Competition and Industry Peers
Although WPD operates in non-exclusive concession areas in the U.K., it currently faces little competition with respect to end-users connected to its network. WPDs four distribution businesses, WPD (South West), WPD (South Wales), WPD (West Midlands) and WPD (East Midlands) are, therefore, regulated monopolies which operate under regulatory price controls.
There are currently no other electric public utilities operating within the electric service areas of LKE. From time to time, bills are introduced into the Kentucky General Assembly which seek to authorize, promote or mandate increased distributed generation, customer choice or other developments. Neither the Kentucky General Assembly nor the KPSC has adopted or approved a plan or timetable for retail electric industry competition in Kentucky. The nature or timing of any legislative or regulatory actions regarding industry restructuring and their impact on LKE, which may be significant, cannot currently be predicted. Virginia, formerly a deregulated jurisdiction, has enacted legislation that implemented a hybrid model of cost-based regulation. KUs operations in Virginia have been and remain regulated.
Alternative energy sources such as electricity, oil, propane and other fuels provide indirect competition for natural gas revenues of LKE. Marketers may also compete to sell natural gas to certain large end-users. LG&Es natural gas tariffs include gas price pass-through mechanisms relating to its sale of natural gas as a commodity; therefore, customer natural gas purchases from alternative suppliers do not generally impact profitability. However, some large industrial and commercial customers may physically bypass LG&Es facilities and seek delivery service directly from interstate pipelines or other natural gas distribution systems.
Pursuant to authorizations from the Commonwealth of Pennsylvania and the PUC, PPL Electric operates a regulated distribution monopoly in its service area. Accordingly, PPL Electric does not face competition in its electricity distribution business. Pursuant to the Customer Choice Act, generation of electricity is a competitive business in Pennsylvania.
The PPL Electric transmission business, operating under a FERC-approved PJM Open Access Transmission Tariff, is subject to competition pursuant to FERC Order 1000 from entities that are not incumbent PJM transmission owners with respect to the construction and ownership of transmission facilities within PJM.
Since the early 1990s, there has been increased competition in U.S. energy markets because of federal and state competitive market initiatives. Although some states, such as Pennsylvania and Montana, have created a competitive market for electricity generation, other states continue to consider different types of regulatory initiatives concerning competition in the power and gas industries. Some states that were considering creating competitive markets have slowed their plans or postponed further consideration. In addition, states that have created competitive markets have, from time to time, considered new market rules and re-regulation measures that could result in more limited opportunities for competitive energy suppliers. Interest in re-regulation, however, has slowed due to recent declining power prices. As such, the markets in which PPL Energy Supply participates are highly competitive.
Publicly Traded Peers of Ppl Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Ppl Corporation | 24,312.34 | 9,312.00 |
| Canadian Natural Resources Limited | 99,755.43 | 29,691.69 |
| The Southern Company | 92,890.80 | 30,174.00 |
| Constellation Energy Corporation | 92,192.22 | 29,867.00 |
| Duke Energy Corporation | 88,346.39 | 33,166.00 |
| Williams companies inc | 84,500.50 | 12,204.00 |
| SUBTOTAL | 1,388,421.02 | 976,148.24 |
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Sources: Ppl Corporation's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Ppl Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Ppl's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Talen Energy | Named by the company | 85% |
| The PPL Electric | Named by the company | 85% |
| PPL Energy | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Ppl's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Ppl's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Williams companies inc | Transmission And Gulf Of Mexico 44.10 % |
| American Electric Power Co Inc | Vertically Integrated Utilities 57.14 % |
| Sea Limited | E Commerce Shopee 72.21 % |
| Oneok Inc | Refined Products and Crude Oil 59.21 % |
| Entergy Corporation | Utility 99.46 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Ppl's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Ppl Corporation | 24,312 | 926,383 | 121,269 |
| Canadian Natural Resources Limited | 99,755 | 4,431,596 | 1,237,033 |
| The Southern Company | 92,891 | 1,012,550 | 142,248 |
| Constellation Energy Corporation | 92,192 | 1,947,128 | 247,539 |
| Duke Energy Corporation | 88,346 | 1,254,340 | 198,328 |
| Williams companies inc | 84,501 | 2,038,417 | 541,841 |
| PEERS TOTAL | 1,364,109 | 1,028,158 | 176,076 |
Ppl's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Sea Limited | Southeast Asia excluding Singapore 62.69 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Ppl's Position in Industry Market Structure
Market-capitalization share and concentration across all 65 companies in Ppl's industry classification, broader than the peer set above. Market cap in millions of $.Ppl ranks #19 of 65 companies by market capitalization in its industry, holding 1.81 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 441, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Nextera Energy Inc | 157,955 | 11.78 % |
| 2 | The Southern Company | 92,891 | 6.93 % |
| 3 | Constellation Energy Corporation | 92,192 | 6.88 % |
| 4 | Duke Energy Corporation | 88,346 | 6.59 % |
| 5 | American Electric Power Co Inc | 1,234 | 5.2% |
| 6 | Dominion Energy Inc | 1,234 | 5.2% |
| 7 | Sempra | 1,234 | 5.2% |
| 8 | Vistra Corp | 1,234 | 5.2% |
| 9 | Entergy Corporation | 1,234 | 5.2% |
| 10 | Xcel Energy Inc | 1,234 | 5.2% |
| 19 | Ppl Corporation | 24,312 | 1.81 % |
Market cap and industry share for the rest of Ppl's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Ppl's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 14 | Public Service Enterprise Group Incorporated | 33,298 | -17.31 % |
| 15 | Ameren Corporation | 27,700 | -1.56 % |
| 16 | Pg and e Corp | 27,306 | -16.27 % |
| 17 | Dte Energy Co | 25,133 | -11.89 % |
| 18 | Firstenergy Corp | 1,234 | 12.3% |
| 19 | Ppl Corporation | 24,312 | -11.70 % |
| 20 | Centerpoint Energy Inc | 1,234 | 12.3% |
| 21 | Eversource Energy | 1,234 | 12.3% |
| 22 | Nrg Energy Inc | 1,234 | 12.3% |
| 23 | Algonquin Power and Utilities Corp | 1,234 | 12.3% |
| 24 | Edison International | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Ppl's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Ppl's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Electric Utilities industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (83 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 74.10 % | 58.29 % (avg) | +15.8 pp |
| Operating Margin | 23.58 % | industry median | +3.1 pp |
| EBITDA Margin | 36.15 % | 27.06 % (avg) | +9.1 pp |
| Capital Intensity (Capex / Revenue) | 46.14 % | 34.89 % (avg) | +11.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Ppl's Valuation vs Competitive Position
Valuation multiples vs the Electric Utilities industry average (83 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 23.1x | 24.9x | -1.8x |
| EV / EBITDA | 13.9x | 16.1x | -2.2x |
| P/B | 2.0x | 2.1x | -0.1x |
| Return on Equity | 8.32 % | industry aggregate | -2.51 % |
| Return on Invested Capital | 4.55 % | 2.48 % (avg) | 2.07 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Ppl's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -0.93 % | 4.54 % | -0.21 % | -2.09 % | - | - | 1.80 % | 6.85 % |
| Operating Margin | 41.20 % | 36.63 % | 36.56 % | 36.85 % | - | 17.39 % | 20.56 % | 23.55 % |
| Return on Invested Capital | 5.98 % | 5.22 % | 4.92 % | 4.65 % | - | 3.14 % | 3.90 % | 4.51 % |
| P/E | 20.5x | 11.7x | 14.7x | 14.7x | - | 28.2x | 27.3x | 22.2x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Ppl's Strategic Group Map
Every company in Ppl's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Ppl is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Ppl's BCG Growth-Share Matrix
Relative market share (vs Ppl's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Ppl falls in the Dog quadrant: relative market share of 0.15x vs its largest competitor, in an industry growing revenue 8.9% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Ppl's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 441 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 46.14 % vs industry average 34.89 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Ppl's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Ppl's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Ppl's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Ppl falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Ppl's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+19.2% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.15x).
Opportunities
- Trades at a lower P/E than the industry average (23.1x vs 24.9x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Ppl's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Ppl Corporation | 0.20 | 0.80 | 1.30 |
| Canadian Natural Resources Limited | 0.04 | 0.47 | 0.63 |
| The Southern Company | 0.11 | 0.70 | 1.86 |
| Constellation Energy Corporation | 0.32 | 1.46 | 0.63 |
| Duke Energy Corporation | 0.04 | 0.62 | 1.66 |
| Williams companies inc | - | 0.54 | 1.94 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Ppl's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Ppl Corporation | Q1 2026 | +10.8 % | +9.2 % |
| Canadian Natural Resources Limited | Q4 2025 | +8.7 % | +77.2 % |
| The Southern Company | Q1 2026 | +8.0 % | +0.3 % |
| Constellation Energy Corporation | Q1 2026 | +63.8 % | +1,142.6 % |
| Duke Energy Corporation | Q1 2026 | +11.3 % | +12.3 % |
| Williams companies inc | Q2 2026 | +9.8 % | +50.3 % |
| PEERS TOTAL | +13.6 % | +64.8 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Ppl's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Ppl Corporation | Q1 2026 | -3.2 % | +33.6 % |
| Canadian Natural Resources Limited | Q4 2025 | - | - |
| The Southern Company | Q1 2026 | +2.1 % | +20.8 % |
| Constellation Energy Corporation | Q1 2026 | +15.2 % | +58.2 % |
| Duke Energy Corporation | Q1 2026 | +16.9 % | +29.9 % |
| Williams companies inc | Q2 2026 | - | +88.7 % |
Ppl's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Ppl Corporation | 2.74% | 3.62% | 8.32% |
| Canadian Natural Resources Limited | 11.78% | 14.30% | 24.39% |
| The Southern Company | 2.76% | 2.74% | 10.98% |
| Constellation Energy Corporation | 5.77% | 5.64% | 19.68% |
| Duke Energy Corporation | 2.70% | 3.54% | 9.79% |
| Williams companies inc | 5.53% | 6.55% | 21.49% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Ppl's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Ppl Corporation | 19.58 | 2.61 |
| Canadian Natural Resources Limited | 9.22 | 3.36 |
| The Southern Company | 21.06 | 3.08 |
| Constellation Energy Corporation | 22.63 | 3.09 |
| Duke Energy Corporation | 17.38 | 2.66 |
| Williams companies inc | 27.48 | 6.92 |
| PEERS AVERAGE | 8.32 | 1.42 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.