PPL Corporation — Earnings Quality Grade F
PPL · Utilities
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 45 days, change +3 days YoY
AR growth 15.3% exceeds revenue growth 6.9%
Revenue 6.9%, CFFO 12.4%. Cash follows revenue
Expense Quality
Inventory 7.8% vs COGS 2.2%. Normal
CapEx growth 43.7% is >2x revenue growth 6.9%
Insufficient data
Gross margin 42.7%, change +2.6pp. Stable
Cash Flow Quality
CFFO/NI = 2.23. Profits backed by cash
FCF < 50% of Net Income for 3 years
Accruals ratio = -3.2%. Low accruals
Cash $1.1B covers only 6% of debt $19.4B
Balance Sheet Health
Goodwill+Intangibles $2.6B = 17% of equity. Manageable
Debt/EBITDA = 5.2x (>4x). Financial stress
Other assets grew 22.9% vs revenue 6.9%
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Goodwill+Intangibles change 1% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10