Analyst Ratings

Date	Action	Analyst	Rating	Target
Jun-05-26	Reiterated	Mizuho Securities		$39 → $37
Jun-05-26	Reiterated	BMO Capital	Outperform	$40 → $39
May-11-26	Reiterated	Barclays	Overweight	$37 → $39
May-11-26	Reiterated	BMO Capital	Outperform	$41 → $40
Apr-21-26	Reiterated	Morgan Stanley	Overweight	$42 → $43
Apr-20-26	Reiterated	Seaport Global	Buy	$40 → $42
Apr-13-26	Reiterated	Jefferies	Buy	$39 → $48
Feb-24-26	Upgrade	Barclays	Equal Weight → Overweight
Feb-23-26	Reiterated	UBS	Neutral	$36 → $41
Feb-20-26	Reiterated	Morgan Stanley	Overweight	$40 → $42

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	9,313	9,042	8,462	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	6,035	5,511	5,069
Gross Profit	3,278	3,531	3,393
Selling, General and Administrative Excl. Other	0	0	0
Research and Development	0	0	0
Other Operating Expense	1,087	1,400	1,653
Operating Income	2,191	2,131	1,740
Interest Expense	841	808	738
Unusual Expense	—	—	—
Non-Operating Income (Expense)	-166	-149	-114
Net Income Before Taxes	1,516	1,472	1,116
Income Taxes	297	291	228
Consolidated Net Income	1,219	1,181	888
Net Income From Continuing Operations	1,219	1,181	888
Net Income	1,219	1,181	888
EPS (Recurring)	1.64	1.60	1.20
EPS (Basic, Before Extraordinaries)	1.64	1.60	1.20
EPS (Diluted)	1.64	1.60	1.20
EBITDA	3,810	3,684	3,211
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	21.57	21.89	—
Price To Sales Ratio	2.86	2.87	—
Gross Margin	35.20	39.05	40.10
Operating Margin	23.53	23.57	20.56
Net Margin	13.09	13.06	10.49
Shares Outstanding	752	740	738
Market Capitalization	26,606	25,915	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Cornett John Gregory	President of a PPL Subsidiary	Jun 12 '26	Sale	35.56	7,051	250,734	7,769	Jun 15 12:00 AM
Bellar Lonnie E	EVP-Eng, Constr and Gen	Apr 24 '26	Option Exercise	19.38	162	3,156	42,242	Apr 28 12:00 AM
Bonenberger David J	EVP & COO-Utilities	Apr 24 '26	Option Exercise	19.38	434	8,390	72,056	Apr 28 12:00 AM
Bonenberger David J	EVP & COO-Utilities	Feb 20 '26	Option Exercise	18.72	15,750	294,840	75,215	Feb 24 12:00 AM
Beers Marlene C	Vice President and Controller	Feb 20 '26	Option Exercise	18.72	6,564	122,878	55,898	Feb 24 12:00 AM
Crockett John R III	President of a PPL Subsidiary	Feb 20 '26	Option Exercise	18.72	18,454	345,459	56,341	Feb 24 12:00 AM
Martin Christine M	President of a PPL Subsidiary	Feb 20 '26	Option Exercise	18.72	5,986	112,058	47,588	Feb 24 12:00 AM
Gosman Angela K	EVP and CHRO	Feb 20 '26	Option Exercise	18.72	17,340	324,605	60,456	Feb 24 12:00 AM
Stark Wendy E	EVP & CLO	Feb 20 '26	Option Exercise	18.72	29,242	547,410	111,026	Feb 24 12:00 AM
Cornett John Gregory	President of a PPL Subsidiary	Feb 20 '26	Option Exercise	18.72	4,152	77,725	15,450	Feb 24 12:00 AM
Henninger Tadd J	SVP-Finance and Treasurer	Feb 20 '26	Option Exercise	18.72	6,748	126,323	23,936	Feb 24 12:00 AM
Sorgi Vincent	President and CEO	Feb 20 '26	Option Exercise	18.72	137,550	2,574,936	675,595	Feb 24 12:00 AM
Bellar Lonnie E	EVP-Eng, Constr and Gen	Feb 20 '26	Option Exercise	18.72	7,066	132,276	43,197	Feb 24 12:00 AM
Bergstein Joseph P Jr	EVP and CFO	Feb 20 '26	Option Exercise	18.72	42,236	790,658	223,740	Feb 24 12:00 AM
Crockett John R III	President of a PPL Subsidiary	Jan 30 '26	Option Exercise	18.13	2,854	51,732	47,757	Feb 02 12:00 AM


Market Cap	26.58B	Forward P/E	16.70	EPS next Y	2.12	Insider Trans	0.15%	Shs Float	-	Perf Month	0.37%


Enterprise Value	45.57B	PEG	1.01	EPS next Q	0.35	Inst Own	-	Short Float	-	Perf Quarter	-6.03%


Income	1.22B	P/S	2.85	EPS this Y	18.97%	Inst Trans	-	Short Ratio	-	Perf Half Y	4.12%


Sales	9.31B	P/B	1.77	EPS next Y	8.58%	ROA	2.63%	Short Interest	-	Perf YTD	1.03%


Book/sh	19.96	P/C	9.94	EPS next 5Y	8.01%	ROE	8.32%	52W High	40.10 -11.77%	Perf Year	5.77%


Cash/sh	1.66	P/FCF	-	EPS past 3/5Y	-	ROIC	4.08%	52W Low	33.17 6.66%	Perf 3Y	-


Dividend Est.	1.11 (3.15%)	EV/EBITDA	11.96	Sales past 3/5Y	4.59% 10.56%	Gross Margin	35.20%	Volatility	1.55% 1.31%	Perf 5Y	-


Dividend TTM	1.11 (3.15%)	EV/Sales	4.89	EPS Y/Y TTM	53.33%	Oper. Margin	23.53%	ATR (14)	0.72	Perf 10Y	-


Dividend Ex-Date	Jun 10, 2026	Quick Ratio	0.88	Sales Y/Y TTM	10.06%	Profit Margin	13.09%	RSI (14)	44.55	Recom	2.11


Dividend Gr. 3/5Y	7.60% -8.07%	Current Ratio	1.00	EPS Q/Q	5.00%	SMA20	-0.57%	Beta	0.07	Target Price	41.25


Payout	66.12%	Debt/Eq	1.35	Sales Q/Q	10.82%	SMA50	-3.90%	Rel Volume	1.81	Prev Close	35.33


Employees	6,653	LT Debt/Eq	1.21	Earnings	Jul 30	SMA200	-3.26%	Avg Volume	9.10M	Price	35.38


IPO Date	Mar 17, 1980	Option/Short	Yes / Yes	EPS/Sales Surpr.	2.27% 10.61%	Net Debt/EBITDA	4.98	Volume	16,493,881	Change	0.14%

PPL