PPL Corporation (PPL)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 740,000 | 756,000 | -1,480,000 | 1,469,000 | 1,746,000 |
| Revenue | US$ in thousands | 8,312,000 | 7,902,000 | 5,783,000 | 5,474,000 | 5,602,000 |
| Net profit margin | 8.90% | 9.57% | -25.59% | 26.84% | 31.17% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $740,000K ÷ $8,312,000K
= 8.90%
The net profit margin of PPL Corp has shown variability over the past five years. In 2023, the net profit margin stood at 8.89%, slightly lower than the previous year's figure of 9.55%. However, it marked an improvement compared to 2021 when the net profit margin was negative at -25.59%. The significant negative figure in 2021 indicates that the company's expenses exceeded its revenues for that year.
The positive net profit margins in 2023, 2022, 2020, and 2019 indicate that the company was able to generate profits after accounting for all expenses and taxes. The net profit margins of 2019 and 2020 were notably higher at 22.46% and 19.30%, respectively, indicating the company's ability to efficiently convert revenue into profit during those years.
Overall, the trend in PPL Corp's net profit margin suggests some fluctuations, but the company has demonstrated an ability to generate profits in most years, with some years showing more favorable profitability levels than others.
Peer comparison
Dec 31, 2023