PPL Corporation (PPL)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	1,630,000	1,374,000	1,424,000	1,586,000	1,526,000
Revenue	US$ in thousands	8,312,000	7,902,000	5,783,000	5,474,000	5,602,000
Operating profit margin		19.61%	17.39%	24.62%	28.97%	27.24%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,630,000K ÷ $8,312,000K
= 19.61%

The operating profit margin of PPL Corp has shown a fluctuating trend over the past five years. In 2023, the operating profit margin was 19.61%, exhibiting a slight increase from 17.39% in 2022 but lower than the margins recorded in 2021 (24.62%), 2020 (36.85%), and 2019 (36.56%). This indicates a downward trend in profitability from the peak levels seen in 2020 and 2019. It is important to further investigate the reasons behind these fluctuations, such as changes in revenue, expenses, or other operational factors, to assess the overall financial health and performance of PPL Corp.