PPL
PPL · Electric Utilities
$34.98
1.0%WEC Energy Group
WEC · Electric Utilities
$111.09
0.9%The short version
- WEC Energy Group is the larger business, with $9.8B of revenue in fiscal 2025 against $9.0B for PPL.
- WEC Energy Group grew revenue faster (14.0%, against 6.9%).
- PPL kept more of each dollar of sales as operating profit (23.6% operating margin, against 22.9% operating margin).
- WEC Energy Group turned more of its sales into free cash flow (−10.4% FCF margin, against −15.5% FCF margin).
- WEC Energy Group earned a higher return on the capital invested in it (6.0%, against 5.4%).
| Latest fiscal year | PPL · FY25 | WEC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $26.5B | $36.5B |
| Revenue | $9.0B | $9.8B |
| Free cash flow | −$1.4B | −$1.0B |
| Net income | $1.2B | $1.6B |
| Growth | ||
| Revenue growth | 6.9% | 14.0% |
| 5-year growth | 10.6% | 6.2% |
| Share count change | 0.5% | 2.3% |
| Profitability | ||
| Gross margin | — | 66.7% |
| Operating margin | 23.6% | 22.9% |
| Net margin | 13.1% | 15.9% |
| FCF margin | −15.5% | −10.4% |
| Return on capital | 5.4% | 6.0% |
| Return on equity | 8.2% | 11.6% |
| Balance sheet | ||
| Net debt | $18.3B | $22.3B |
| Net debt / EBITDA | 5.3x | 6.0x |
| Dividends and buybacks | $794M | $1.1B |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 6 | 4 |
FY16
PPL $7.5B
WEC $7.5B
FY17
PPL $7.4B
WEC $7.6B
FY18
PPL $7.8B
WEC $7.7B
FY19
PPL $5.6B
WEC $7.5B
FY20
PPL $5.5B
WEC $7.2B
FY21
PPL $5.8B
WEC $8.3B
FY22
PPL $7.9B
WEC $9.6B
FY23
PPL $8.3B
WEC $8.9B
FY24
PPL $8.5B
WEC $8.6B
FY25
PPL $9.0B
WEC $9.8B
PPL
WEC
FY16
PPL 39.1%
WEC 22.7%
FY17
PPL 39.0%
WEC 23.2%
FY18
PPL 36.6%
WEC 19.1%
FY19
PPL 27.2%
WEC 20.4%
FY20
PPL 29.0%
WEC 23.6%
FY21
PPL 24.6%
WEC 20.6%
FY22
PPL 17.4%
WEC 20.1%
FY23
PPL 19.6%
WEC 21.5%
FY24
PPL 20.6%
WEC 25.0%
FY25
PPL 23.6%
WEC 22.9%
PPL
WEC
FY16
PPL −$30.0M
WEC $680M
FY17
PPL −$672M
WEC $119M
FY18
PPL −$417M
WEC $28.4M
FY19
PPL $184M
WEC −$184M
FY20
PPL $476M
WEC −$678M
FY21
PPL $297M
WEC −$340M
FY22
PPL −$425M
WEC −$636M
FY23
PPL −$632M
WEC $526M
FY24
PPL −$465M
WEC $431M
FY25
PPL −$1.4B
WEC −$1.0B
PPL
WEC
FY16
PPL 7.6%
WEC 5.5%
FY17
PPL 5.7%
WEC 7.0%
FY18
PPL 7.1%
WEC —
FY19
PPL 3.6%
WEC —
FY20
PPL 3.3%
WEC 6.0%
FY21
PPL 2.8%
WEC 5.8%
FY22
PPL 4.4%
WEC 5.6%
FY23
PPL 4.6%
WEC 5.5%
FY24
PPL 4.6%
WEC 5.9%
FY25
PPL 5.4%
WEC 6.0%
PPL
WEC
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.