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Side-by-side financial comparison of PACS Group, Inc. (PACS) and PPL Corporation (PPL). Click either name above to swap in a different company.

PPL Corporation is the larger business by last-quarter revenue ($2.3B vs $1.4B, roughly 1.7× PACS Group, Inc.). PPL Corporation runs the higher net margin — 11.3% vs 4.4%, a 6.9% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 7.2%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 1.0%).

PPL Corporation is a leading US-based energy utility holding company headquartered in Allentown, Pennsylvania. It delivers electricity and natural gas to approximately 3.5 million residential, commercial and industrial customers across Pennsylvania, Kentucky and Rhode Island, with core focuses on grid modernization, affordable clean energy transition, and reliable sustainable energy services for local communities.

PACS vs PPL — Head-to-Head

Bigger by revenue
PPL
PPL
1.7× larger
PPL
$2.3B
$1.4B
PACS
Growing faster (revenue YoY)
PACS
PACS
+11.2% gap
PACS
18.4%
7.2%
PPL
Higher net margin
PPL
PPL
6.9% more per $
PPL
11.3%
4.4%
PACS
Faster 2-yr revenue CAGR
PACS
PACS
Annualised
PACS
20.5%
1.0%
PPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PACS
PACS
PPL
PPL
Revenue
$1.4B
$2.3B
Net Profit
$59.7M
$266.0M
Gross Margin
Operating Margin
7.0%
20.3%
Net Margin
4.4%
11.3%
Revenue YoY
18.4%
7.2%
Net Profit YoY
3022.5%
50.3%
EPS (diluted)
$0.42
$0.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PACS
PACS
PPL
PPL
Q4 25
$1.4B
$2.3B
Q3 25
$1.3B
$2.2B
Q2 25
$1.3B
$2.0B
Q1 25
$1.3B
$2.5B
Q4 24
$1.1B
$2.2B
Q3 24
$1.0B
$2.1B
Q2 24
$981.4M
$1.9B
Q1 24
$934.3M
$2.3B
Net Profit
PACS
PACS
PPL
PPL
Q4 25
$59.7M
$266.0M
Q3 25
$52.4M
$318.0M
Q2 25
$51.0M
$183.0M
Q1 25
$28.5M
$414.0M
Q4 24
$1.9M
$177.0M
Q3 24
$15.6M
$214.0M
Q2 24
$-10.9M
$190.0M
Q1 24
$49.1M
$307.0M
Gross Margin
PACS
PACS
PPL
PPL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
17.1%
Q2 24
22.3%
Q1 24
21.2%
Operating Margin
PACS
PACS
PPL
PPL
Q4 25
7.0%
20.3%
Q3 25
6.4%
25.4%
Q2 25
6.2%
19.9%
Q1 25
3.8%
26.6%
Q4 24
1.7%
17.2%
Q3 24
2.2%
20.6%
Q2 24
0.1%
20.8%
Q1 24
8.6%
23.7%
Net Margin
PACS
PACS
PPL
PPL
Q4 25
4.4%
11.3%
Q3 25
3.9%
14.2%
Q2 25
3.9%
9.0%
Q1 25
2.2%
16.3%
Q4 24
0.2%
8.1%
Q3 24
1.5%
10.3%
Q2 24
-1.1%
10.1%
Q1 24
5.3%
13.3%
EPS (diluted)
PACS
PACS
PPL
PPL
Q4 25
$0.42
$0.35
Q3 25
$0.32
$0.43
Q2 25
$0.31
$0.25
Q1 25
$0.17
$0.56
Q4 24
$-0.03
$0.23
Q3 24
$0.10
$0.29
Q2 24
$-0.07
$0.26
Q1 24
$0.38
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PACS
PACS
PPL
PPL
Cash + ST InvestmentsLiquidity on hand
$197.0M
$1.1B
Total DebtLower is stronger
$353.2M
$18.9B
Stockholders' EquityBook value
$946.8M
$14.9B
Total Assets
$5.6B
$45.2B
Debt / EquityLower = less leverage
0.37×
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACS
PACS
PPL
PPL
Q4 25
$197.0M
$1.1B
Q3 25
$355.7M
$1.1B
Q2 25
$294.2M
$294.0M
Q1 25
$287.5M
$312.0M
Q4 24
$157.7M
$306.0M
Q3 24
$49.5M
$542.0M
Q2 24
$73.4M
$282.0M
Q1 24
$81.2M
$276.0M
Total Debt
PACS
PACS
PPL
PPL
Q4 25
$353.2M
$18.9B
Q3 25
Q2 25
Q1 25
Q4 24
$411.9M
$16.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PACS
PACS
PPL
PPL
Q4 25
$946.8M
$14.9B
Q3 25
$871.3M
$14.4B
Q2 25
$806.8M
$14.3B
Q1 25
$750.2M
$14.3B
Q4 24
$709.6M
$14.1B
Q3 24
$660.0M
$14.1B
Q2 24
$572.1M
$14.1B
Q1 24
$128.0M
$14.1B
Total Assets
PACS
PACS
PPL
PPL
Q4 25
$5.6B
$45.2B
Q3 25
$5.6B
$43.9B
Q2 25
$5.5B
$42.4B
Q1 25
$5.5B
$41.8B
Q4 24
$5.2B
$41.1B
Q3 24
$4.5B
$40.5B
Q2 24
$3.9B
$39.8B
Q1 24
$3.9B
$39.6B
Debt / Equity
PACS
PACS
PPL
PPL
Q4 25
0.37×
1.27×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
1.17×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PACS
PACS
PPL
PPL
Operating Cash FlowLast quarter
$-3.4M
$548.0M
Free Cash FlowOCF − Capex
$-614.0M
FCF MarginFCF / Revenue
-26.1%
Capex IntensityCapex / Revenue
49.5%
Cash ConversionOCF / Net Profit
-0.06×
2.06×
TTM Free Cash FlowTrailing 4 quarters
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACS
PACS
PPL
PPL
Q4 25
$-3.4M
$548.0M
Q3 25
$204.8M
$966.0M
Q2 25
$52.6M
$602.0M
Q1 25
$150.2M
$513.0M
Q4 24
$64.6M
$511.0M
Q3 24
$209.2M
$781.0M
Q2 24
$34.8M
$766.0M
Q1 24
$58.8M
$282.0M
Free Cash Flow
PACS
PACS
PPL
PPL
Q4 25
$-614.0M
Q3 25
$-179.0M
Q2 25
$-328.0M
Q1 25
$-280.0M
Q4 24
$-349.0M
Q3 24
$102.0M
Q2 24
$96.0M
Q1 24
$-314.0M
FCF Margin
PACS
PACS
PPL
PPL
Q4 25
-26.1%
Q3 25
-8.0%
Q2 25
-16.1%
Q1 25
-11.0%
Q4 24
-15.9%
Q3 24
4.9%
Q2 24
5.1%
Q1 24
-13.6%
Capex Intensity
PACS
PACS
PPL
PPL
Q4 25
49.5%
Q3 25
51.2%
Q2 25
45.6%
Q1 25
31.2%
Q4 24
39.3%
Q3 24
32.7%
Q2 24
35.8%
Q1 24
25.9%
Cash Conversion
PACS
PACS
PPL
PPL
Q4 25
-0.06×
2.06×
Q3 25
3.91×
3.04×
Q2 25
1.03×
3.29×
Q1 25
5.28×
1.24×
Q4 24
33.78×
2.89×
Q3 24
13.39×
3.65×
Q2 24
4.03×
Q1 24
1.20×
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PACS
PACS

Segment breakdown not available.

PPL
PPL

Rhode Island Regulated$539.0M23%
Other$532.0M23%
Residential$451.0M19%
Nonrelated Party$425.0M18%
Transmission$228.0M10%
Commercial$117.0M5%
Wholesale Other$23.0M1%
Industrial$14.0M1%
Related Party$13.0M1%
Wholesale Municipal$6.0M0%

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