Recent PPL shows a gross margin of 24.5%, an operating margin of 26.2%, an EBITDA margin of 49.5%, and a net margin of 13.6%. All available margins expanded year over year, led by EBITDA margin with an increase of 2.5 percentage points.
PPL margin history
Over the last 3 years, PPL's margins averaged 22.04% gross, 22.95% operating, 42.02% EBITDA, and 11.42% net. All four current margins are above their three-year averages.
PPL margin expansion
Gross margin expanded by 1.9 percentage points, operating margin by 2.3 percentage points, EBITDA margin by 2.5 percentage points, and net margin by 1.4 percentage points, led by EBITDA margin with an increase of 2.5 percentage points.
PPL Gross margin
The average gross margin for PPL was 22.04% across the past 3 years. PPL's current gross margin is 24.5% and is 2.5 percentage points above its three-year average. The gross margin for PPL moved between 19.6% in Dec 2023 and 24.5% in Sep 2026.
PPL Operating margin
PPL recorded an average operating margin of 22.95% across the last 3 years. PPL currently reports an operating margin of 26.2%, 3.3 percentage points above its three-year average. Looking back over the last 3 years, PPL's operating margin reached 26.2% at its highest point in Sep 2026 and 19.1% at its lowest in Dec 2023.
PPL EBITDA margin
Throughout the last 3 years, PPL had an average EBITDA margin of 42.02%. Against its three-year average, PPL's EBITDA margin is currently 49.5%, 7.5 percentage points above its three-year average. Looking back over the last 3 years, PPL's EBITDA margin reached 49.5% at its highest point in Sep 2026 and 35.2% at its lowest in Dec 2023.
PPL Net margin
Over the last 3 years, PPL's net margin averaged 11.42%. The current net margin of 13.6% is 2.2 percentage points above its three-year average. During this period, net margin reached a high of 13.6% in Sep 2026 and a low of 8.9% in Dec 2023.
PPL margin group comparison
PPL's gross margin of 24.5% is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 42.7%, PPL's gross margin is 43% lower.
PPL margin peer comparison
Frequently asked questions
What is PPL's gross margin?
As of Sep 30, 2026, PPL has a gross margin of 24.5%.
What is PPL's operating margin?
For the period ending Sep 30, 2026, PPL recorded an operating margin of 26.2%.
What is PPL's EBITDA margin?
The current EBITDA margin for PPL is 49.5% as of Sep 30, 2026.
What is PPL's net margin?
As of Sep 30, 2026, PPL has a net margin of 13.6%.
What are the average margins of PPL?
PPL's average margins over the last 3 years were 22.0% gross, 23.0% operating, 42.0% EBITDA, and 11.4% net.
What are the highest historical margins of PPL?
Over the last 5 years, PPL's highest margins were 24.6% gross in Dec 2021, 26.2% operating in Sep 2026, 51.8% EBITDA in Mar 2022, and 13.6% net in Sep 2026.
What are the lowest historical margins of PPL?
PPL's lowest recorded margins during the past 5 years were 16.6% gross in Mar 2023, 17.6% operating in Mar 2023, 18.4% EBITDA in Dec 2021, and -25.6% net in Dec 2021.