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PLDT Inc. (PHI) financial health, profit and balance sheet · Scorvest

PHI · NYSE · United States · Telephone Communications (No Radiotelephone)

PLDT Inc.

Makati Metro Manila · Fiscal year ends in December · Figures in PHP

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In shortPLDT Inc. is profitable, generates cash and carries heavy debt, with revenue growing (+2.8% last year).

Financial health

Mixed

Built from five areas over the last five annual reports. Tap an area to see the figures behind it.

How is this score calculated? →

Profitability85

Operating marginShare of each sale left after running the business, before interest and tax.	23.3%	94/100
Net marginShare of each sale left as profit after every cost, interest and tax.	14.9%	80/100
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	29.3%	100/100
Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.	9.7%	65/100

Weight in the score: 25%

Balance sheet12

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.	0.34×	0/100
Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.	2.44×	0/100
Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.	2.55×	41/100
Interest coverageHow many times operating profit covers interest. Below 2 is risky.	3.26×	17/100
Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.	-0.35	0/100

Weight in the score: 25%

Cash generation42

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	7.4%	50/100
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	0.50×	25/100
Years with positive free cash flow (last 5)	3 of 5	50/100

Weight in the score: 20%

Stability78
Profitable years (last 5) 5 of 5 100/100
Years of revenue decline (last 5) 0 of 5 100/100
Revenue growth volatility 1.9% 100/100
Operating margin volatility 10.6% 13/100
Weight in the score: 20%
Growth50
Revenue growth, 3-year average 4.1% 39/100
EPS growth, 3-year average 7.0% 60/100
Weight in the score: 10%

Profitable years (last 5)	5 of 5	100/100
Years of revenue decline (last 5)	0 of 5	100/100
Revenue growth volatility	1.9%	100/100
Operating margin volatility	10.6%	13/100

Revenue growth, 3-year average	4.1%	39/100
EPS growth, 3-year average	7.0%	60/100

Fiscal year 2024 · change vs prior year

Revenue: PHP 216.8B; ▲ 2.8%
Net income: PHP 32.3B; ▲ 21.4%
Free cash flow: PHP 16.1B; ▲ 69.1%
Operating margin: 23.3%; +4.0 pts
Cash & investments: PHP 10.0B; –
Total debt: PHP 281.6B; ▲ 10.5%
Diluted EPS: PHP149.26; ▲ 21.4%
Return on equity: 29.3%; –

Trends

Annual figures as reported. Hover a bar or point for the exact value.

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Revenue and net income

RevenueNet income

Margins

Statements

The last 5 fiscal years from the company's annual reports.

PHP millions; negative values in parentheses.

Fiscal year	FY20	FY21	FY22	FY23	FY24
Revenue	181,004	192,186	204,362	210,953	216,833
Cost of revenue	12,295	12,917	14,172	15,092	14,011
Gross profit	168,709	179,269	190,190	195,861	202,822
Selling, general & admin	75,255	77,686	84,476	81,876	78,308
Operating income	36,182	40,871	(5,065)	40,694	50,487
Interest expense	10,086	10,402	11,759	13,755	15,500
Pre-tax income	33,021	34,154	13,509	36,436	42,693
Income tax	8,441	7,478	2,774	9,612	10,138
Net income	24,284	26,367	10,485	26,614	32,307
Diluted EPS	PHP112.12	PHP121.76	PHP48.26	PHP122.91	PHP149.26
Diluted shares (millions)	216	216	216	216	216

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Risk checks

Altman Z'' score

−0.35 Distress zone

Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.

Piotroski F-score

7/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: passed
Positive operating cash flow: passed
Return on assets improved: passed
Cash flow exceeds net income: passed
Long-term debt ratio fell: failed
Current ratio improved: failed
No share dilution: passed
Gross margin improved: passed
Asset turnover improved: passed

Sources

20-FPeriod ending Dec 31, 2025Filed Apr 27, 2026Open the report ↗
20-FPeriod ending Dec 31, 2024Filed Mar 13, 2025Open the report ↗
20-FPeriod ending Dec 31, 2023Filed Mar 27, 2024Open the report ↗
20-FPeriod ending Dec 31, 2022Filed Mar 24, 2023Open the report ↗
20-FPeriod ending Dec 31, 2021Filed Apr 6, 2022Open the report ↗
20-FPeriod ending Dec 31, 2020Filed Apr 23, 2021Open the report ↗
20-FPeriod ending Dec 31, 2019Filed Apr 23, 2020Open the report ↗
20-FPeriod ending Dec 31, 2018Filed Apr 15, 2019Open the report ↗