Ameren Corporation (AEE) 10-Year Financial Performance & Capital Metrics

AEE • • Utilities

UtilitiesElectric UtilitiesElectric and gas combination utilities

AboutAmeren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. It primarily generates electricity through coal, nuclear, and natural gas, as well as renewable sources, such as hydroelectric, wind, methane gas, and solar. The company serves residential, commercial, and industrial customers. Ameren Corporation was founded in 1881 and is headquartered in St. Louis, Missouri.Show more

Revenue $8.8B +15.4%
EBITDA $3.69B +18.4%
Net Income $1.46B +23.2%
Free Cash Flow -$775M +52.9%
EBITDA Margin 41.98% +2.5%
Net Margin 16.55% +6.7%
ROE 11.3% +13.4%
Interest Coverage 2.61 +14.2%
Debt/Equity 1.47 -4.2%
Net Debt/EBITDA 5.36 -10.5%
CapEx / Revenue 46.91% -18.9%
CapEx Coverage 0.81 +29.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓16 years of consecutive dividend growth
✓16 consecutive years of dividend growth
✓Healthy dividend yield of 2.5%
✓Trading near 52-week high

✗Weaknesses

✗High leverage: 5.4x Debt/EBITDA

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y3.73%

5Y8.72%

3Y3.41%

TTM15.43%

Profit (Net Income) CAGR

10Y8.74%

5Y10.82%

3Y10.68%

TTM23.18%

EPS CAGR

10Y7.52%

5Y8.86%

3Y8.92%

TTM21.04%

ROCE

10Y Avg4.93%

5Y Avg4.33%

3Y Avg4.3%

Latest4.73%

Peer Comparison

Electric and gas combination utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ESEversource Energy	28.59B	76.21	33.57	-0.08%	10.22%	8.3%		1.92
ETREntergy Corporation	48.45B	107.11	27.39	8.98%	13.68%	10.28%		1.80
LNTAlliant Energy Corporation	18.6B	72.34	26.89	-1.14%	19.13%	11.19%		1.49
XELXcel Energy Inc.	49.3B	83.36	24.23	-5.38%	13.46%	9.04%		1.55
WECWEC Energy Group, Inc.	38.07B	116.96	24.22	13.96%	15.9%	3.82%		0.09
FTSFortis Inc.	29.17B	57.50	23.14	5.75%	14.79%	6.48%		1.34
CMSCMS Energy Corporation	6.57B	78.07	22.12	13.63%	12.62%	11.1%	34.04%	1.99
AEEAmeren Corporation	31.31B	113.28	21.17	15.43%	16.55%	10.76%		1.47

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	6.08B	6.17B	6.29B	5.91B	5.79B	6.39B	7.96B	7.5B	7.62B	8.8B
Revenue Growth %	-0.36%	1.61%	1.9%	-6.06%	-1.96%	10.36%	24.44%	-5.74%	1.64%	15.43%
Cost of Revenue	3.44B	3.39B	3.5B	3.17B	2.94B	3.4B	4.61B	4.03B	3.97B	6.2B
Gross Profit+	2.63B	2.78B	2.79B	2.74B	2.86B	2.99B	3.34B	3.47B	3.65B	2.6B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	1.42%	5.66%	0.43%	-1.86%	4.19%	4.65%	11.77%	3.71%	5.36%	-28.74%
Operating Expenses+	1.31B	1.37B	1.44B	1.48B	1.56B	1.66B	1.83B	1.91B	2.14B	577M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	2.25B	2.36B	2.39B	2.35B	2.45B	2.61B	2.95B	3.06B	3.12B	3.69B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	5.25%	5.21%	1.19%	-1.76%	4.47%	6.4%	13.14%	3.56%	2.06%	18.36%
Depreciation & Amortization+	923M	952M	1.03B	1.08B	1.15B	1.28B	1.44B	1.5B	1.6B	1.67B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	1.32B	1.41B	1.36B	1.27B	1.3B	1.33B	1.51B	1.56B	1.52B	2.03B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	5%	6.66%	-3.76%	-6.63%	2.6%	2.54%	13.65%	2.84%	-2.7%	33.64%
Interest Expense+	382M	391M	401M	381M	419M	383M	486M	566M	663M	776M
Interest Coverage	3.46x	3.61x	3.38x	3.33x	3.10x	3.48x	3.12x	2.75x	2.29x	2.61x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	1.04B	1.1B	1.06B	1.02B	1.03B	1.15B	1.25B	1.34B	1.27B	1.6B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	382M	576M	237M	182M	155M	157M	176M	183M	83M	136M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	653M	523M	815M	828M	871M	990M	1.07B	1.15B	1.18B	1.46B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	3.65%	-19.91%	55.83%	1.6%	5.19%	13.66%	8.48%	7.26%	2.6%	23.18%
EPS (Diluted)+	2.68	2.14	3.32	3.35	3.50	3.84	4.14	4.38	4.42	5.35
EPS Growth %	3.47%	-20.15%	55.14%	0.9%	4.48%	9.71%	7.81%	5.8%	0.91%	21.04%
EPS (Basic)	2.69	2.16	3.34	3.37	3.53	3.86	4.16	4.38	4.43	5.38
Diluted Shares Outstanding	243.4M	244.2M	245.8M	247.1M	248.7M	257.6M	259.5M	263.4M	267.4M	272.2M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	24.7B	25.95B	27.21B	28.93B	32.03B	35.73B	37.9B	40.83B	44.6B	48.48B
Asset Growth %	4.48%	5.04%	4.9%	6.31%	10.7%	11.57%	6.07%	7.72%	9.23%	8.7%
PP&E (Net)+	20.11B	21.47B	22.81B	24.38B	26.81B	29.26B	31.26B	33.78B	36.3B	39.31B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	1.59B	1.61B	1.53B	1.43B	1.65B	1.97B	2.67B	2.18B	2.26B	2.57B
Cash & Equivalents	9M	10M	16M	16M	139M	8M	10M	25M	7M	13M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	527M	522M	483M	494M	521M	592M	667M	733M	762M	774M
Other Current Assets	262M	242M	197M	187M	244M	532M	651M	491M	528M	597M
Long-Term Investments	607M	1.38B	1.45B	847M	982M	1.16B	958M	1.15B	1.34B	1.53B
Goodwill	411M	411M	411M	411M	411M	411M	411M	411M	411M	411M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Other Assets	1.98B	55M	-103M	1.87B	2.18B	2.94B	906M	3.31B	3.9B	4.66B
Total Liabilities	17.45B	18.62B	19.44B	20.73B	22.95B	25.91B	27.27B	29.35B	32.35B	34.95B
Total Debt+	7.83B	8.42B	9.04B	9.8B	11.58B	13.61B	15.1B	16.51B	18.72B	19.83B
Net Debt	7.83B	8.41B	9.02B	9.78B	11.44B	13.6B	15.09B	16.48B	18.71B	19.82B
Long-Term Debt	6.59B	7.09B	7.86B	8.91B	11.08B	12.56B	13.69B	15.12B	17.26B	18.21B
Short-Term Borrowings	1.24B	1.32B	1.18B	882M	498M	1.05B	1.41B	1.39B	1.46B	1.62B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities+	2.67B	2.94B	2.69B	2.5B	2.18B	2.83B	3.37B	3.35B	3.41B	3.91B
Accounts Payable	805M	902M	817M	874M	958M	1.09B	1.16B	1.14B	1.06B	1.25B
Accrued Expenses	93M	105M	2M	94M	114M	2M	0	2M	0	0
Deferred Revenue	107M	108M	0	0	0	0	0	0	223M	0
Other Current Liabilities	384M	448M	638M	655M	610M	679M	797M	822M	671M	1.04B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	3.87B	6.03B	6.23B	6.39B	6.48B	7.02B	6.41B	6.71B	7.21B	7.64B
Total Equity+	7.25B	7.33B	7.77B	8.2B	9.08B	9.83B	10.64B	11.48B	12.24B	13.53B
Equity Growth %	2.21%	1.12%	6.1%	5.51%	10.72%	8.25%	8.22%	7.91%	6.66%	10.51%
Shareholders Equity	7.1B	7.18B	7.63B	8.06B	8.94B	9.7B	10.51B	11.35B	12.11B	13.4B
Minority Interest	142M	142M	142M	142M	142M	129M	129M	129M	129M	129M
Common Stock	2M	2M	2M	2M	3M	3M	3M	3M	3M	3M
Additional Paid-in Capital	5.56B	5.54B	5.63B	5.69B	6.18B	6.5B	6.86B	7.22B	7.51B	8.11B
Retained Earnings	1.57B	1.66B	2.02B	2.38B	2.76B	3.18B	3.65B	4.14B	4.6B	5.29B
Accumulated OCI	-23M	-18M	-22M	-17M	-1M	13M	-1M	-6M	-6M	0
Return on Assets (ROA)	2.7%	2.07%	3.07%	2.95%	2.86%	2.92%	2.92%	2.93%	2.77%	3.13%
Return on Equity (ROE)	9.11%	7.18%	10.8%	10.37%	10.08%	10.47%	10.5%	10.42%	9.97%	11.3%
Debt / Equity	1.08x	1.15x	1.16x	1.19x	1.27x	1.38x	1.42x	1.44x	1.53x	1.47x
Debt / Assets	31.72%	32.45%	33.2%	33.86%	36.14%	38.09%	39.82%	40.43%	41.98%	40.91%
Net Debt / EBITDA	3.49x	3.56x	3.77x	4.17x	4.66x	5.21x	5.11x	5.39x	6.00x	5.36x
Book Value per Share	29.77	30	31.62	33.19	36.51	38.16	40.99	43.58	45.79	49.71

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	2.12B	2.12B	2.17B	2.17B	1.73B	1.66B	2.26B	2.56B	2.76B	3.35B
Operating CF Growth %	4.23%	0.05%	2.46%	0%	-20.41%	-3.82%	36.24%	13.3%	7.76%	21.35%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	659M	529M	821M	834M	877M	995M	1.08B	1.16B	1.19B	1.46B
Depreciation & Amortization	923M	952M	1.03B	1.08B	1.15B	1.28B	1.44B	1.5B	1.6B	1.67B
Deferred Taxes	386M	539M	224M	167M	148M	156M	170M	229M	127M	253M
Other Non-Cash Items	-1M	-12M	28M	-23M	12M	-1M	46M	-22M	30M	-1M
Working Capital Changes	133M	93M	44M	91M	-484M	-788M	-494M	-326M	-214M	-51M
Capital Expenditures+	-2.13B	-2.19B	-2.34B	-2.44B	-3.3B	-3.52B	-3.38B	-3.77B	-4.41B	-4.13B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-2.16B	-2.2B	-2.34B	-2.44B	-3.33B	-3.53B	-3.37B	-3.8B	-4.46B	-4.14B
Acquisitions	0	0	0	0	0	0	0	0	0	0
Purchase of Investments	-322M	-321M	-315M	-463M	-224M	-452M	-229M	-266M	-584M	-440M
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Investing	-2.08B	-2.13B	-2.27B	-2.41B	-3.22B	8M	23M	-1M	-26M	423M
Cash from Financing+	-258M	102M	205M	334M	1.73B	1.72B	1.17B	1.29B	1.75B	884M
Dividends Paid	-416M	-431M	-451M	-472M	-494M	-565M	-610M	-662M	-714M	-768M
Dividend Payout Ratio %	63.71%	82.41%	55.34%	57%	56.72%	57.07%	56.8%	57.47%	60.41%	52.75%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	0	0	74M	68M	476M	308M	333M	346M	273M	574M
Share Repurchases	0	0	0	0	0	-13M	0	0	0	0
Other Financing	-100M	-57M	-41M	-52M	-46M	-53M	-39M	-56M	-59M	-18M
Net Change in Cash+	-299M	16M	39M	69M	125M	-146M	61M	56M	56M	92M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	351M	52M	68M	107M	176M	301M	155M	216M	272M	328M
Cash at End	52M	68M	107M	176M	301M	155M	216M	272M	328M	420M
Free Cash Flow+	-14M	-77M	-168M	-272M	-1.57B	-1.86B	-1.12B	-1.21B	-1.65B	-775M
FCF Growth %	-122.58%	-450%	-118.18%	-61.9%	-477.94%	-18.45%	40.01%	-8.06%	-36.45%	52.94%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	9.11%	7.18%	10.8%	10.37%	10.08%	10.47%	10.5%	10.42%	9.97%	11.3%
EBITDA Margin	36.95%	38.26%	37.99%	39.73%	42.34%	40.82%	37.11%	40.77%	40.94%	41.98%
Net Debt / EBITDA	3.49x	3.56x	3.77x	4.17x	4.66x	5.21x	5.11x	5.39x	6.00x	5.36x
Interest Coverage	3.46x	3.61x	3.38x	3.33x	3.10x	3.48x	3.12x	2.75x	2.29x	2.61x
CapEx / Revenue	0.91%	1.02%	0.83%	0.52%	1.14%	55.1%	42.48%	50.28%	57.85%	46.91%
Dividend Payout Ratio	63.71%	82.41%	55.34%	57%	56.72%	57.07%	56.8%	57.47%	60.41%	52.75%
Debt / Equity	1.08x	1.15x	1.16x	1.19x	1.27x	1.38x	1.42x	1.44x	1.53x	1.47x
EPS Growth	3.47%	-20.15%	55.14%	0.9%	4.48%	9.71%	7.81%	5.8%	0.91%	21.04%

US Stock Screener

...

Ameren Corporation (AEE) 10-Year Financial Performance & Capital Metrics

AEE • • Utilities

UtilitiesElectric UtilitiesElectric and gas combination utilities

Revenue $8.8B +15.4%
EBITDA $3.69B +18.4%
Net Income $1.46B +23.2%
Free Cash Flow -$775M +52.9%
EBITDA Margin 41.98% +2.5%
Net Margin 16.55% +6.7%
ROE 11.3% +13.4%
Interest Coverage 2.61 +14.2%
Debt/Equity 1.47 -4.2%
Net Debt/EBITDA 5.36 -10.5%
CapEx / Revenue 46.91% -18.9%
CapEx Coverage 0.81 +29.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓16 years of consecutive dividend growth
✓16 consecutive years of dividend growth
✓Healthy dividend yield of 2.5%
✓Trading near 52-week high

✗Weaknesses

✗High leverage: 5.4x Debt/EBITDA

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y3.73%

5Y8.72%

3Y3.41%

TTM15.43%

Profit (Net Income) CAGR

10Y8.74%

5Y10.82%

3Y10.68%

TTM23.18%

EPS CAGR

10Y7.52%

5Y8.86%

3Y8.92%

TTM21.04%

ROCE

10Y Avg4.93%

5Y Avg4.33%

3Y Avg4.3%

Latest4.73%

Peer Comparison

Electric and gas combination utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ESEversource Energy	28.59B	76.21	33.57	-0.08%	10.22%	8.3%		1.92
ETREntergy Corporation	48.45B	107.11	27.39	8.98%	13.68%	10.28%		1.80
LNTAlliant Energy Corporation	18.6B	72.34	26.89	-1.14%	19.13%	11.19%		1.49
XELXcel Energy Inc.	49.3B	83.36	24.23	-5.38%	13.46%	9.04%		1.55
WECWEC Energy Group, Inc.	38.07B	116.96	24.22	13.96%	15.9%	3.82%		0.09
FTSFortis Inc.	29.17B	57.50	23.14	5.75%	14.79%	6.48%		1.34
CMSCMS Energy Corporation	6.57B	78.07	22.12	13.63%	12.62%	11.1%	34.04%	1.99
AEEAmeren Corporation	31.31B	113.28	21.17	15.43%	16.55%	10.76%		1.47

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	6.08B	6.17B	6.29B	5.91B	5.79B	6.39B	7.96B	7.5B	7.62B	8.8B
Revenue Growth %	-0.36%	1.61%	1.9%	-6.06%	-1.96%	10.36%	24.44%	-5.74%	1.64%	15.43%
Cost of Revenue	3.44B	3.39B	3.5B	3.17B	2.94B	3.4B	4.61B	4.03B	3.97B	6.2B
Gross Profit+	2.63B	2.78B	2.79B	2.74B	2.86B	2.99B	3.34B	3.47B	3.65B	2.6B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	1.42%	5.66%	0.43%	-1.86%	4.19%	4.65%	11.77%	3.71%	5.36%	-28.74%
Operating Expenses+	1.31B	1.37B	1.44B	1.48B	1.56B	1.66B	1.83B	1.91B	2.14B	577M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	2.25B	2.36B	2.39B	2.35B	2.45B	2.61B	2.95B	3.06B	3.12B	3.69B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	5.25%	5.21%	1.19%	-1.76%	4.47%	6.4%	13.14%	3.56%	2.06%	18.36%
Depreciation & Amortization+	923M	952M	1.03B	1.08B	1.15B	1.28B	1.44B	1.5B	1.6B	1.67B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	1.32B	1.41B	1.36B	1.27B	1.3B	1.33B	1.51B	1.56B	1.52B	2.03B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	5%	6.66%	-3.76%	-6.63%	2.6%	2.54%	13.65%	2.84%	-2.7%	33.64%
Interest Expense+	382M	391M	401M	381M	419M	383M	486M	566M	663M	776M
Interest Coverage	3.46x	3.61x	3.38x	3.33x	3.10x	3.48x	3.12x	2.75x	2.29x	2.61x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	1.04B	1.1B	1.06B	1.02B	1.03B	1.15B	1.25B	1.34B	1.27B	1.6B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	382M	576M	237M	182M	155M	157M	176M	183M	83M	136M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	653M	523M	815M	828M	871M	990M	1.07B	1.15B	1.18B	1.46B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	3.65%	-19.91%	55.83%	1.6%	5.19%	13.66%	8.48%	7.26%	2.6%	23.18%
EPS (Diluted)+	2.68	2.14	3.32	3.35	3.50	3.84	4.14	4.38	4.42	5.35
EPS Growth %	3.47%	-20.15%	55.14%	0.9%	4.48%	9.71%	7.81%	5.8%	0.91%	21.04%
EPS (Basic)	2.69	2.16	3.34	3.37	3.53	3.86	4.16	4.38	4.43	5.38
Diluted Shares Outstanding	243.4M	244.2M	245.8M	247.1M	248.7M	257.6M	259.5M	263.4M	267.4M	272.2M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	24.7B	25.95B	27.21B	28.93B	32.03B	35.73B	37.9B	40.83B	44.6B	48.48B
Asset Growth %	4.48%	5.04%	4.9%	6.31%	10.7%	11.57%	6.07%	7.72%	9.23%	8.7%
PP&E (Net)+	20.11B	21.47B	22.81B	24.38B	26.81B	29.26B	31.26B	33.78B	36.3B	39.31B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	1.59B	1.61B	1.53B	1.43B	1.65B	1.97B	2.67B	2.18B	2.26B	2.57B
Cash & Equivalents	9M	10M	16M	16M	139M	8M	10M	25M	7M	13M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	527M	522M	483M	494M	521M	592M	667M	733M	762M	774M
Other Current Assets	262M	242M	197M	187M	244M	532M	651M	491M	528M	597M
Long-Term Investments	607M	1.38B	1.45B	847M	982M	1.16B	958M	1.15B	1.34B	1.53B
Goodwill	411M	411M	411M	411M	411M	411M	411M	411M	411M	411M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Other Assets	1.98B	55M	-103M	1.87B	2.18B	2.94B	906M	3.31B	3.9B	4.66B
Total Liabilities	17.45B	18.62B	19.44B	20.73B	22.95B	25.91B	27.27B	29.35B	32.35B	34.95B
Total Debt+	7.83B	8.42B	9.04B	9.8B	11.58B	13.61B	15.1B	16.51B	18.72B	19.83B
Net Debt	7.83B	8.41B	9.02B	9.78B	11.44B	13.6B	15.09B	16.48B	18.71B	19.82B
Long-Term Debt	6.59B	7.09B	7.86B	8.91B	11.08B	12.56B	13.69B	15.12B	17.26B	18.21B
Short-Term Borrowings	1.24B	1.32B	1.18B	882M	498M	1.05B	1.41B	1.39B	1.46B	1.62B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities+	2.67B	2.94B	2.69B	2.5B	2.18B	2.83B	3.37B	3.35B	3.41B	3.91B
Accounts Payable	805M	902M	817M	874M	958M	1.09B	1.16B	1.14B	1.06B	1.25B
Accrued Expenses	93M	105M	2M	94M	114M	2M	0	2M	0	0
Deferred Revenue	107M	108M	0	0	0	0	0	0	223M	0
Other Current Liabilities	384M	448M	638M	655M	610M	679M	797M	822M	671M	1.04B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	3.87B	6.03B	6.23B	6.39B	6.48B	7.02B	6.41B	6.71B	7.21B	7.64B
Total Equity+	7.25B	7.33B	7.77B	8.2B	9.08B	9.83B	10.64B	11.48B	12.24B	13.53B
Equity Growth %	2.21%	1.12%	6.1%	5.51%	10.72%	8.25%	8.22%	7.91%	6.66%	10.51%
Shareholders Equity	7.1B	7.18B	7.63B	8.06B	8.94B	9.7B	10.51B	11.35B	12.11B	13.4B
Minority Interest	142M	142M	142M	142M	142M	129M	129M	129M	129M	129M
Common Stock	2M	2M	2M	2M	3M	3M	3M	3M	3M	3M
Additional Paid-in Capital	5.56B	5.54B	5.63B	5.69B	6.18B	6.5B	6.86B	7.22B	7.51B	8.11B
Retained Earnings	1.57B	1.66B	2.02B	2.38B	2.76B	3.18B	3.65B	4.14B	4.6B	5.29B
Accumulated OCI	-23M	-18M	-22M	-17M	-1M	13M	-1M	-6M	-6M	0
Return on Assets (ROA)	2.7%	2.07%	3.07%	2.95%	2.86%	2.92%	2.92%	2.93%	2.77%	3.13%
Return on Equity (ROE)	9.11%	7.18%	10.8%	10.37%	10.08%	10.47%	10.5%	10.42%	9.97%	11.3%
Debt / Equity	1.08x	1.15x	1.16x	1.19x	1.27x	1.38x	1.42x	1.44x	1.53x	1.47x
Debt / Assets	31.72%	32.45%	33.2%	33.86%	36.14%	38.09%	39.82%	40.43%	41.98%	40.91%
Net Debt / EBITDA	3.49x	3.56x	3.77x	4.17x	4.66x	5.21x	5.11x	5.39x	6.00x	5.36x
Book Value per Share	29.77	30	31.62	33.19	36.51	38.16	40.99	43.58	45.79	49.71

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	2.12B	2.12B	2.17B	2.17B	1.73B	1.66B	2.26B	2.56B	2.76B	3.35B
Operating CF Growth %	4.23%	0.05%	2.46%	0%	-20.41%	-3.82%	36.24%	13.3%	7.76%	21.35%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	659M	529M	821M	834M	877M	995M	1.08B	1.16B	1.19B	1.46B
Depreciation & Amortization	923M	952M	1.03B	1.08B	1.15B	1.28B	1.44B	1.5B	1.6B	1.67B
Deferred Taxes	386M	539M	224M	167M	148M	156M	170M	229M	127M	253M
Other Non-Cash Items	-1M	-12M	28M	-23M	12M	-1M	46M	-22M	30M	-1M
Working Capital Changes	133M	93M	44M	91M	-484M	-788M	-494M	-326M	-214M	-51M
Capital Expenditures+	-2.13B	-2.19B	-2.34B	-2.44B	-3.3B	-3.52B	-3.38B	-3.77B	-4.41B	-4.13B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-2.16B	-2.2B	-2.34B	-2.44B	-3.33B	-3.53B	-3.37B	-3.8B	-4.46B	-4.14B
Acquisitions	0	0	0	0	0	0	0	0	0	0
Purchase of Investments	-322M	-321M	-315M	-463M	-224M	-452M	-229M	-266M	-584M	-440M
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Investing	-2.08B	-2.13B	-2.27B	-2.41B	-3.22B	8M	23M	-1M	-26M	423M
Cash from Financing+	-258M	102M	205M	334M	1.73B	1.72B	1.17B	1.29B	1.75B	884M
Dividends Paid	-416M	-431M	-451M	-472M	-494M	-565M	-610M	-662M	-714M	-768M
Dividend Payout Ratio %	63.71%	82.41%	55.34%	57%	56.72%	57.07%	56.8%	57.47%	60.41%	52.75%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	0	0	74M	68M	476M	308M	333M	346M	273M	574M
Share Repurchases	0	0	0	0	0	-13M	0	0	0	0
Other Financing	-100M	-57M	-41M	-52M	-46M	-53M	-39M	-56M	-59M	-18M
Net Change in Cash+	-299M	16M	39M	69M	125M	-146M	61M	56M	56M	92M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	351M	52M	68M	107M	176M	301M	155M	216M	272M	328M
Cash at End	52M	68M	107M	176M	301M	155M	216M	272M	328M	420M
Free Cash Flow+	-14M	-77M	-168M	-272M	-1.57B	-1.86B	-1.12B	-1.21B	-1.65B	-775M
FCF Growth %	-122.58%	-450%	-118.18%	-61.9%	-477.94%	-18.45%	40.01%	-8.06%	-36.45%	52.94%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	9.11%	7.18%	10.8%	10.37%	10.08%	10.47%	10.5%	10.42%	9.97%	11.3%
EBITDA Margin	36.95%	38.26%	37.99%	39.73%	42.34%	40.82%	37.11%	40.77%	40.94%	41.98%
Net Debt / EBITDA	3.49x	3.56x	3.77x	4.17x	4.66x	5.21x	5.11x	5.39x	6.00x	5.36x
Interest Coverage	3.46x	3.61x	3.38x	3.33x	3.10x	3.48x	3.12x	2.75x	2.29x	2.61x
CapEx / Revenue	0.91%	1.02%	0.83%	0.52%	1.14%	55.1%	42.48%	50.28%	57.85%	46.91%
Dividend Payout Ratio	63.71%	82.41%	55.34%	57%	56.72%	57.07%	56.8%	57.47%	60.41%	52.75%
Debt / Equity	1.08x	1.15x	1.16x	1.19x	1.27x	1.38x	1.42x	1.44x	1.53x	1.47x
EPS Growth	3.47%	-20.15%	55.14%	0.9%	4.48%	9.71%	7.81%	5.8%	0.91%	21.04%

Ameren Corporation (AEE) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare AEE vs Peers

vs DUK

vs XEL

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Ameren Corporation (AEE) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare AEE vs Peers

vs DUK

vs XEL

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios