PPL Corporation (PPL)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,630,000 | 1,576,000 | 1,480,000 | 1,418,000 | 1,374,000 | 1,346,000 | 1,436,000 | 1,463,000 | 1,424,000 | 1,494,000 | 1,500,000 | 1,577,000 | 1,586,000 | 1,901,000 | 2,190,000 | 2,483,000 | 2,840,000 | 2,804,000 | 2,764,000 | 2,782,000 |
| Revenue (ttm) | US$ in thousands | 8,312,000 | 8,571,000 | 8,662,000 | 8,535,000 | 7,902,000 | 7,097,000 | 6,475,000 | 6,067,000 | 5,783,000 | 5,669,000 | 5,557,000 | 5,532,000 | 5,474,000 | 6,057,000 | 6,590,000 | 7,130,000 | 7,769,000 | 7,754,000 | 7,693,000 | 7,738,000 |
| Operating profit margin | 19.61% | 18.39% | 17.09% | 16.61% | 17.39% | 18.97% | 22.18% | 24.11% | 24.62% | 26.35% | 26.99% | 28.51% | 28.97% | 31.39% | 33.23% | 34.82% | 36.56% | 36.16% | 35.93% | 35.95% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,630,000K ÷ $8,312,000K
= 19.61%
The operating profit margin for PPL Corp has shown fluctuations over the past eight quarters. The trend indicates a gradual decline from Q1 2022 to Q2 2023, with the highest margin recorded in Q1 2022 at 24.11% and the lowest in Q1 2023 at 16.61%. This suggests that the company's ability to generate profits from its core operations has been somewhat inconsistent.
While the operating profit margin experienced a significant decrease in Q2 2022, it rebounded in the following quarter (Q3 2022). However, the margins have since been on a downward trajectory leading up to Q4 2023. This decline could be a cause for concern as it may indicate challenges in managing costs and expenses relative to the revenue generated.
Overall, PPL Corp's operating profit margin has fluctuated within a range of 16.61% to 24.11% over the past eight quarters, suggesting that the company's efficiency in generating profits from its operations has been volatile. Further analysis of the underlying factors influencing these fluctuations would be beneficial in understanding the company's financial performance in greater detail.
Peer comparison
Dec 31, 2023