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

Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $2.3B, roughly 1.1× PPL Corporation). Tapestry, Inc. runs the higher net margin — 22.4% vs 11.3%, a 11.1% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (14.0% vs 7.2%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $-614.0M). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% 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.

Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.

PPL vs TPR — Head-to-Head

Bigger by revenue
TPR
TPR
1.1× larger
TPR
$2.5B
$2.3B
PPL
Growing faster (revenue YoY)
TPR
TPR
+6.8% gap
TPR
14.0%
7.2%
PPL
Higher net margin
TPR
TPR
11.1% more per $
TPR
22.4%
11.3%
PPL
More free cash flow
TPR
TPR
$1.7B more FCF
TPR
$1.0B
$-614.0M
PPL
Faster 2-yr revenue CAGR
TPR
TPR
Annualised
TPR
29.9%
1.0%
PPL

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
PPL
PPL
TPR
TPR
Revenue
$2.3B
$2.5B
Net Profit
$266.0M
$561.3M
Gross Margin
75.5%
Operating Margin
20.3%
28.6%
Net Margin
11.3%
22.4%
Revenue YoY
7.2%
14.0%
Net Profit YoY
50.3%
80.8%
EPS (diluted)
$0.35
$2.68

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
PPL
PPL
TPR
TPR
Q4 25
$2.3B
$2.5B
Q3 25
$2.2B
$1.7B
Q2 25
$2.0B
$1.7B
Q1 25
$2.5B
$1.6B
Q4 24
$2.2B
$2.2B
Q3 24
$2.1B
$1.5B
Q2 24
$1.9B
$1.6B
Q1 24
$2.3B
$1.5B
Net Profit
PPL
PPL
TPR
TPR
Q4 25
$266.0M
$561.3M
Q3 25
$318.0M
$274.8M
Q2 25
$183.0M
$-517.1M
Q1 25
$414.0M
$203.3M
Q4 24
$177.0M
$310.4M
Q3 24
$214.0M
$186.6M
Q2 24
$190.0M
$159.3M
Q1 24
$307.0M
$139.4M
Gross Margin
PPL
PPL
TPR
TPR
Q4 25
75.5%
Q3 25
76.3%
Q2 25
76.3%
Q1 25
76.1%
Q4 24
74.4%
Q3 24
75.3%
Q2 24
74.9%
Q1 24
74.7%
Operating Margin
PPL
PPL
TPR
TPR
Q4 25
20.3%
28.6%
Q3 25
25.4%
19.3%
Q2 25
19.9%
-33.9%
Q1 25
26.6%
16.0%
Q4 24
17.2%
22.4%
Q3 24
20.6%
16.7%
Q2 24
20.8%
14.8%
Q1 24
23.7%
13.8%
Net Margin
PPL
PPL
TPR
TPR
Q4 25
11.3%
22.4%
Q3 25
14.2%
16.1%
Q2 25
9.0%
-30.0%
Q1 25
16.3%
12.8%
Q4 24
8.1%
14.1%
Q3 24
10.3%
12.4%
Q2 24
10.1%
10.0%
Q1 24
13.3%
9.4%
EPS (diluted)
PPL
PPL
TPR
TPR
Q4 25
$0.35
$2.68
Q3 25
$0.43
$1.28
Q2 25
$0.25
$-2.30
Q1 25
$0.56
$0.95
Q4 24
$0.23
$1.38
Q3 24
$0.29
$0.79
Q2 24
$0.26
$0.67
Q1 24
$0.42
$0.60

Balance Sheet & Financial Strength

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

Metric
PPL
PPL
TPR
TPR
Cash + ST InvestmentsLiquidity on hand
$1.1B
$1.1B
Total DebtLower is stronger
$18.9B
$2.4B
Stockholders' EquityBook value
$14.9B
$551.2M
Total Assets
$45.2B
$6.5B
Debt / EquityLower = less leverage
1.27×
4.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PPL
PPL
TPR
TPR
Q4 25
$1.1B
$1.1B
Q3 25
$1.1B
$743.2M
Q2 25
$294.0M
$1.1B
Q1 25
$312.0M
$1.1B
Q4 24
$306.0M
$1.0B
Q3 24
$542.0M
$7.3B
Q2 24
$282.0M
$7.2B
Q1 24
$276.0M
$7.4B
Total Debt
PPL
PPL
TPR
TPR
Q4 25
$18.9B
$2.4B
Q3 25
$2.4B
Q2 25
$2.4B
Q1 25
$2.4B
Q4 24
$16.5B
$2.4B
Q3 24
$7.0B
Q2 24
$6.9B
Q1 24
$7.7B
Stockholders' Equity
PPL
PPL
TPR
TPR
Q4 25
$14.9B
$551.2M
Q3 25
$14.4B
$399.5M
Q2 25
$14.3B
$857.8M
Q1 25
$14.3B
$1.5B
Q4 24
$14.1B
$1.3B
Q3 24
$14.1B
$3.0B
Q2 24
$14.1B
$2.9B
Q1 24
$14.1B
$2.8B
Total Assets
PPL
PPL
TPR
TPR
Q4 25
$45.2B
$6.5B
Q3 25
$43.9B
$6.4B
Q2 25
$42.4B
$6.6B
Q1 25
$41.8B
$7.3B
Q4 24
$41.1B
$7.3B
Q3 24
$40.5B
$13.7B
Q2 24
$39.8B
$13.4B
Q1 24
$39.6B
$13.7B
Debt / Equity
PPL
PPL
TPR
TPR
Q4 25
1.27×
4.32×
Q3 25
5.95×
Q2 25
2.77×
Q1 25
1.59×
Q4 24
1.17×
1.78×
Q3 24
2.35×
Q2 24
2.39×
Q1 24
2.77×

Cash Flow & Capital Efficiency

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

Metric
PPL
PPL
TPR
TPR
Operating Cash FlowLast quarter
$548.0M
$1.1B
Free Cash FlowOCF − Capex
$-614.0M
$1.0B
FCF MarginFCF / Revenue
-26.1%
41.5%
Capex IntensityCapex / Revenue
49.5%
1.7%
Cash ConversionOCF / Net Profit
2.06×
1.93×
TTM Free Cash FlowTrailing 4 quarters
$-1.4B
$1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PPL
PPL
TPR
TPR
Q4 25
$548.0M
$1.1B
Q3 25
$966.0M
$112.6M
Q2 25
$602.0M
$446.8M
Q1 25
$513.0M
$144.3M
Q4 24
$511.0M
$506.0M
Q3 24
$781.0M
$119.5M
Q2 24
$766.0M
$256.0M
Q1 24
$282.0M
$97.8M
Free Cash Flow
PPL
PPL
TPR
TPR
Q4 25
$-614.0M
$1.0B
Q3 25
$-179.0M
$80.2M
Q2 25
$-328.0M
$411.5M
Q1 25
$-280.0M
$113.4M
Q4 24
$-349.0M
$475.1M
Q3 24
$102.0M
$93.9M
Q2 24
$96.0M
$209.8M
Q1 24
$-314.0M
$78.8M
FCF Margin
PPL
PPL
TPR
TPR
Q4 25
-26.1%
41.5%
Q3 25
-8.0%
4.7%
Q2 25
-16.1%
23.9%
Q1 25
-11.0%
7.2%
Q4 24
-15.9%
21.6%
Q3 24
4.9%
6.2%
Q2 24
5.1%
13.2%
Q1 24
-13.6%
5.3%
Capex Intensity
PPL
PPL
TPR
TPR
Q4 25
49.5%
1.7%
Q3 25
51.2%
1.9%
Q2 25
45.6%
2.0%
Q1 25
31.2%
2.0%
Q4 24
39.3%
1.4%
Q3 24
32.7%
1.7%
Q2 24
35.8%
2.9%
Q1 24
25.9%
1.3%
Cash Conversion
PPL
PPL
TPR
TPR
Q4 25
2.06×
1.93×
Q3 25
3.04×
0.41×
Q2 25
3.29×
Q1 25
1.24×
0.71×
Q4 24
2.89×
1.63×
Q3 24
3.65×
0.64×
Q2 24
4.03×
1.61×
Q1 24
0.92×
0.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

TPR
TPR

Coach$1.4B57%
Other$787.0M31%
Kate Spade Company$290.0M12%

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