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AEE logoAmeren Corporation(AEE)Earnings, Financials & Key Ratios

AEE•NYSE•Utilities
$109.59
$30.32B mkt cap·20.5× P/E·Price updated May 6, 2026
SectorUtilitiesIndustryElectric UtilitiesSub-IndustryElectric 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 Margin41.98%+2.5%
  • Net Margin16.55%+6.7%
  • ROE11.3%+13.4%
  • Interest Coverage2.61-10.5%
  • Debt/Equity1.47-4.2%
  • Net Debt/EBITDA5.36-10.5%
  • CapEx / Revenue46.91%-18.9%
  • CapEx Coverage0.81+29.6%
Analysis→Technical→

AEE Key Insights

Ameren Corporation (AEE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓16 years of consecutive dividend growth
  • ✓16 consecutive years of dividend growth
  • ✓Healthy dividend yield of 2.6%

✗Weaknesses

  • ✗High leverage: 5.4x Debt/EBITDA

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

AEE Price & Volume

Ameren Corporation (AEE) stock price & volume — 10-year historical chart

Loading chart...

AEE Growth Metrics

Ameren Corporation (AEE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years3.73%
5 Years8.72%
3 Years3.41%
TTM12.32%

Profit CAGR

10 Years8.74%
5 Years10.82%
3 Years10.68%
TTM25.95%

EPS CAGR

10 Years7.52%
5 Years8.86%
3 Years8.92%
TTM23.28%

Return on Capital

10 Years4.93%
5 Years4.33%
3 Years4.3%
Last Year4.73%

AEE Recent Earnings

Ameren Corporation (AEE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 5, 2026
EPS
$1.28
Est $1.17
+9.4%
Revenue
$2.2B
Est $2.2B
-3.0%
Q1 2026
Feb 11, 2026
EPS
$0.78
Est $0.77
+1.2%
Revenue
$1.8B
Est $1.6B
+11.3%
Q4 2025
Nov 5, 2025
EPS
$2.17
Est $2.11
+2.8%
Revenue
$2.7B
Est $2.5B
+8.7%
Q3 2025
Jul 31, 2025
EPS
$1.01
Est $0.99
+2.3%
Revenue
$2.2B
Est $1.8B
+24.7%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$1.28vs $1.17+9.4%
$2.2Bvs $2.2B-3.0%
Q1 2026Feb 11, 2026
$0.78vs $0.77+1.2%
$1.8Bvs $1.6B+11.3%
Q4 2025Nov 5, 2025
$2.17vs $2.11+2.8%
$2.7Bvs $2.5B+8.7%
Q3 2025Jul 31, 2025
$1.01vs $0.99+2.3%
$2.2Bvs $1.8B+24.7%
Based on last 12 quarters of dataView full earnings history →

AEE Peer Comparison

Ameren Corporation (AEE) competitors in Electric and gas combination utilities — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
WEC logoWECWEC Energy Group, Inc.Direct Competitor37.11B113.9423.5913.96%16.25%11.64%1.59
EVRG logoEVRGEvergy, Inc.Direct Competitor18.65B80.9922.132.37%14.63%8.22%0.07
OGE logoOGEOGE Energy Corp.Direct Competitor9.85B47.7320.579.21%14.03%9.47%1.14
NWE logoNWENorthwestern Energy Group IncDirect Competitor4.37B71.0824.186.38%10.21%5.8%1.14
AVA logoAVAAvista CorporationDirect Competitor3.35B40.5817.051.34%9.83%7.25%1.25
OTTR logoOTTROtter Tail CorporationDirect Competitor3.73B88.8913.57-1.99%21.34%15.21%0.59
DUK logoDUKDuke Energy CorporationProduct Competitor97.7B125.5419.906.19%15.44%9.6%1.71
SO logoSOThe Southern CompanyProduct Competitor105.41B93.5123.8510.59%14.46%11.3%1.69

Compare AEE vs Peers

Ameren Corporation (AEE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WEC

Most directly comparable listed peer for AEE.

Scale Benchmark

vs GE

Larger-name benchmark to compare AEE against a more recognizable public peer.

Peer Set

Compare Top 5

vs WEC, EVRG, OGE, NWE

AEE Income Statement

Ameren Corporation (AEE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue6.17B6.29B5.91B5.79B6.39B7.96B7.5B7.62B8.8B8.88B
Revenue Growth %1.61%1.9%-6.06%-1.96%10.36%24.44%-5.74%1.64%15.43%12.32%
Cost of Revenue3.39B3.5B3.17B2.94B3.4B4.61B4.03B3.97B6.2B4.29B
Gross Profit
2.78B▲ 0%
2.79B▲ 0.4%
2.74B▼ 1.9%
2.86B▲ 4.2%
2.99B▲ 4.7%
3.34B▲ 11.8%
3.47B▲ 3.7%
3.65B▲ 5.4%
2.6B▼ 28.7%
4.59B▲ 0%
Gross Margin %45.08%44.43%46.41%49.33%46.78%42.01%46.23%47.92%29.58%51.71%
Gross Profit Growth %5.66%0.43%-1.86%4.19%4.65%11.77%3.71%5.36%-28.74%-
Operating Expenses1.37B1.44B1.48B1.56B1.66B1.83B1.91B2.14B577M2.46B
Other Operating Expenses----------
EBITDA2.36B2.39B2.35B2.45B2.61B2.95B3.06B3.12B3.69B3.74B
EBITDA Margin %38.26%37.99%39.73%42.34%40.82%37.11%40.77%40.94%41.98%42.12%
EBITDA Growth %5.21%1.19%-1.76%4.47%6.4%13.14%3.56%2.06%18.36%14.73%
Depreciation & Amortization952M1.03B1.08B1.15B1.28B1.44B1.5B1.6B1.67B1.61B
D&A / Revenue %15.42%16.42%18.29%19.9%19.97%18.07%20%21.05%18.96%18.15%
Operating Income (EBIT)
1.41B▲ 0%
1.36B▼ 3.8%
1.27B▼ 6.6%
1.3B▲ 2.6%
1.33B▲ 2.5%
1.51B▲ 13.7%
1.56B▲ 2.8%
1.52B▼ 2.7%
2.03B▲ 33.6%
2.13B▲ 0%
Operating Margin %22.84%21.57%21.44%22.44%20.85%19.04%20.77%19.89%23.03%23.97%
Operating Income Growth %6.66%-3.76%-6.63%2.6%2.54%13.65%2.84%-2.7%33.64%-
Interest Expense391M401M381M419M383M486M566M663M776M4M
Interest Coverage3.83x3.64x3.67x3.46x4.01x3.58x3.37x2.92x2.61x-
Interest / Revenue %6.33%6.37%6.45%7.23%5.99%6.11%7.55%8.7%8.82%0.05%
Non-Operating Income-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-4M
Pretax Income
1.1B▲ 0%
1.06B▼ 4.3%
1.02B▼ 4.0%
1.03B▲ 1.6%
1.15B▲ 11.6%
1.25B▲ 8.9%
1.34B▲ 6.8%
1.27B▼ 5.2%
1.6B▲ 25.7%
1.68B▲ 0%
Pretax Margin %17.9%16.82%17.19%17.81%18.02%15.77%17.87%16.66%18.15%18.87%
Income Tax576M237M182M155M157M176M183M83M136M147M
Effective Tax Rate %52.13%22.4%17.91%15.02%13.63%14.02%13.66%6.54%8.52%8.78%
Net Income
523M▲ 0%
815M▲ 55.8%
828M▲ 1.6%
871M▲ 5.2%
990M▲ 13.7%
1.07B▲ 8.5%
1.15B▲ 7.3%
1.18B▲ 2.6%
1.46B▲ 23.2%
1.52B▲ 0%
Net Margin %8.47%12.96%14.01%15.03%15.48%13.5%15.36%15.51%16.55%17.17%
Net Income Growth %-19.91%55.83%1.6%5.19%13.66%8.48%7.26%2.6%23.18%25.95%
EPS (Diluted)
2.14▲ 0%
3.32▲ 55.1%
3.35▲ 0.9%
3.50▲ 4.5%
3.84▲ 9.7%
4.14▲ 7.8%
4.38▲ 5.8%
4.42▲ 0.9%
5.35▲ 21.0%
5.47▲ 0%
EPS Growth %-20.15%55.14%0.9%4.48%9.71%7.81%5.8%0.91%21.04%23.28%
EPS (Basic)2.163.343.373.533.864.164.384.435.38-
Diluted Shares Outstanding244.2M245.8M247.1M248.7M257.6M259.5M263.4M267.4M272.2M278.4M

AEE Balance Sheet

Ameren Corporation (AEE) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets25.95B27.21B28.93B32.03B35.73B37.9B40.83B44.6B48.48B49.85B
Asset Growth %5.04%4.9%6.31%10.7%11.57%6.07%7.72%9.23%8.7%37.5%
PP&E (Net)21.47B22.81B24.38B26.81B29.26B31.26B33.78B36.3B39.31B40.47B
PP&E / Total Assets %82.74%83.81%84.25%83.69%81.88%82.48%82.72%81.4%81.1%81.19%
Total Current Assets1.61B1.53B1.43B1.65B1.97B2.67B2.18B2.26B2.57B2.57B
Cash & Equivalents10M16M16M139M8M10M25M7M13M13M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory522M483M494M521M592M667M733M762M774M733M
Other Current Assets242M197M187M244M532M651M491M528M597M1.12B
Long-Term Investments1.38B1.45B847M982M1.16B958M1.15B1.34B1.53B11.25B
Goodwill411M411M411M411M411M411M411M411M411M411M
Intangible Assets0000000000
Other Assets55M-103M1.87B2.18B2.94B906M3.31B3.9B4.66B-411M
Total Liabilities18.62B19.44B20.73B22.95B25.91B27.27B29.35B32.35B34.95B36.16B
Total Debt8.42B9.04B9.8B11.58B13.61B15.1B16.51B18.72B19.83B1.12B
Net Debt8.41B9.02B9.78B11.44B13.6B15.09B16.48B18.71B19.82B1.11B
Long-Term Debt7.09B7.86B8.91B11.08B12.56B13.69B15.12B17.26B18.21B0
Short-Term Borrowings1.32B1.18B882M498M1.05B1.41B1.39B1.46B1.62B1.12B
Capital Lease Obligations0000000000
Total Current Liabilities2.94B2.69B2.5B2.18B2.83B3.37B3.35B3.41B3.91B4.13B
Accounts Payable902M817M874M958M1.09B1.16B1.14B1.06B1.25B0
Accrued Expenses105M2M94M114M2M02M000
Deferred Revenue108M000000223M0239M
Other Current Liabilities448M638M655M610M679M797M822M671M1.04B2.76B
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K20.45B
Other Liabilities6.03B6.23B6.39B6.48B7.02B6.41B6.71B7.21B7.64B26.72B
Total Equity
7.33B▲ 0%
7.77B▲ 6.1%
8.2B▲ 5.5%
9.08B▲ 10.7%
9.83B▲ 8.2%
10.64B▲ 8.2%
11.48B▲ 7.9%
12.24B▲ 6.7%
13.53B▲ 10.5%
13.69B▲ 0%
Equity Growth %1.12%6.1%5.51%10.72%8.25%8.22%7.91%6.66%10.51%35.9%
Shareholders Equity7.18B7.63B8.06B8.94B9.7B10.51B11.35B12.11B13.4B13.56B
Minority Interest142M142M142M142M129M129M129M129M129M129M
Common Stock2M2M2M3M3M3M3M3M3M8.12B
Additional Paid-in Capital5.54B5.63B5.69B6.18B6.5B6.86B7.22B7.51B8.11B0
Retained Earnings1.66B2.02B2.38B2.76B3.18B3.65B4.14B4.6B5.29B5.44B
Accumulated OCI-18M-22M-17M-1M13M-1M-6M-6M0-2M
Return on Assets (ROA)2.07%3.07%2.95%2.86%2.92%2.92%2.93%2.77%3.13%3.17%
Return on Equity (ROE)7.18%10.8%10.37%10.08%10.47%10.5%10.42%9.97%11.3%11.6%
Debt / Equity1.15x1.16x1.19x1.27x1.38x1.42x1.44x1.53x1.47x1.47x
Debt / Assets32.45%33.2%33.86%36.14%38.09%39.82%40.43%41.98%40.91%2.25%
Net Debt / EBITDA3.56x3.77x4.17x4.66x5.21x5.11x5.39x6.00x5.36x5.36x
Book Value per Share3031.6233.1936.5138.1640.9943.5845.7949.7149.16

AEE Cash Flow Statement

Ameren Corporation (AEE) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations2.12B2.17B2.17B1.73B1.66B2.26B2.56B2.76B3.35B3.35B
Operating CF Growth %0.05%2.46%0%-20.41%-3.82%36.24%13.3%7.76%21.35%92.53%
Operating CF / Revenue %34.31%34.49%36.72%29.81%25.98%28.44%34.19%36.25%38.11%37.77%
Net Income529M821M834M877M995M1.08B1.16B1.19B1.46B1.52B
Depreciation & Amortization952M1.03B1.08B1.15B1.28B1.44B1.5B1.6B1.67B1.6B
Deferred Taxes539M224M167M148M156M170M229M127M253M-118M
Other Non-Cash Items-12M28M-23M12M-1M46M-22M30M-1M82M
Working Capital Changes93M44M91M-484M-788M-494M-326M-214M-51M228M
Capital Expenditures-2.19B-2.34B-2.44B-3.3B-3.52B-3.38B-3.77B-4.41B-4.13B-4.65B
CapEx / Revenue %1.02%0.83%0.52%1.14%55.1%42.48%50.28%57.85%46.91%52.33%
CapEx / D&A0.07x0.05x0.03x0.06x2.76x2.35x2.51x2.75x2.47x2.90x
CapEx Coverage (OCF/CapEx)33.62x41.73x70.00x26.17x0.47x0.67x0.68x0.63x0.81x0.72x
Cash from Investing-2.2B-2.34B-2.44B-3.33B-3.53B-3.37B-3.8B-4.46B-4.14B-4.67B
Acquisitions0000000000
Purchase of Investments-321M-315M-463M-224M-452M-229M-266M-584M-440M-420M
Sale of Investments305M299M467M183M439M216M240M564M0-25M
Other Investing-2.13B-2.27B-2.41B-3.22B8M23M-1M-26M423M419M
Cash from Financing102M205M334M1.73B1.72B1.17B1.29B1.75B884M1.44B
Dividends Paid-431M-451M-472M-494M-565M-610M-662M-714M-768M-785M
Dividend Payout Ratio %82.41%55.34%57%56.72%57.07%56.8%57.47%60.41%52.75%-
Debt Issuance (Net)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Stock Issued074M68M476M308M333M346M273M574M573M
Share Repurchases0000-13M00000
Other Financing-57M-41M-52M-46M-53M-39M-56M-59M-18M1.45B
Net Change in Cash
16M▲ 0%
39M▲ 143.8%
69M▲ 76.9%
125M▲ 81.2%
-146M▼ 216.8%
61M▲ 141.8%
56M▼ 8.2%
56M▲ 0.0%
92M▲ 64.3%
33M▲ 0%
Exchange Rate Effect000000000-76M
Cash at Beginning52M68M107M176M301M155M216M272M328M420M
Cash at End68M107M176M301M155M216M272M328M420M485M
Free Cash Flow
-77M▲ 0%
-168M▼ 118.2%
-272M▼ 61.9%
-1.57B▼ 477.9%
-1.86B▼ 18.4%
-1.12B▲ 40.0%
-1.21B▼ 8.1%
-1.65B▼ 36.5%
-775M▲ 52.9%
-1.3B▲ 0%
FCF Growth %-450%-118.18%-61.9%-477.94%-18.45%40.01%-8.06%-36.45%52.94%30.99%
FCF Margin %-1.25%-2.67%-4.6%-27.13%-29.12%-14.04%-16.09%-21.61%-8.81%-14.68%
FCF / Net Income %-14.72%-20.61%-32.85%-180.48%-188.08%-104%-104.77%-139.34%-53.23%-85.5%

AEE Key Ratios

Ameren Corporation (AEE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)7.18%10.8%10.37%10.08%10.47%10.5%10.42%9.97%11.3%11.6%
EBITDA Margin38.26%37.99%39.73%42.34%40.82%37.11%40.77%40.94%41.98%42.12%
Net Debt / EBITDA3.56x3.77x4.17x4.66x5.21x5.11x5.39x6.00x5.36x5.36x
Interest Coverage3.83x3.64x3.67x3.46x4.01x3.58x3.37x2.92x2.61x-
CapEx / Revenue1.02%0.83%0.52%1.14%55.1%42.48%50.28%57.85%46.91%52.33%
Dividend Payout Ratio82.41%55.34%57%56.72%57.07%56.8%57.47%60.41%52.75%51.51%
Debt / Equity1.15x1.16x1.19x1.27x1.38x1.42x1.44x1.53x1.47x1.47x
EPS Growth-20.15%55.14%0.9%4.48%9.71%7.81%5.8%0.91%21.04%23.28%

AEE SEC Filings & Documents

Ameren Corporation (AEE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Mar 4, 2026·SEC

Material company update

Feb 27, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 18, 2025·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 4, 2025·SEC

FY 2025

May 5, 2025·SEC

AEE Frequently Asked Questions

Ameren Corporation (AEE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Ameren Corporation (AEE) reported $8.88B in revenue for fiscal year 2025. This represents a 167% increase from $3.33B in 1997.

Ameren Corporation (AEE) grew revenue by 15.4% over the past year. This is strong growth.

Yes, Ameren Corporation (AEE) is profitable, generating $1.52B in net income for fiscal year 2025 (16.5% net margin).

Dividend & Returns

Yes, Ameren Corporation (AEE) pays a dividend with a yield of 2.57%. This makes it attractive for income-focused investors.

Ameren Corporation (AEE) has a return on equity (ROE) of 11.3%. This is reasonable for most industries.

Ameren Corporation (AEE) had negative free cash flow of $1.30B in fiscal year 2025, likely due to heavy capital investments.

Industry Metrics

Ameren Corporation (AEE) has a dividend payout ratio of 53%. This suggests the dividend is well-covered and sustainable.

Explore More AEE

Ameren Corporation (AEE) financial analysis — history, returns, DCA and operating performance tools

Full AEE Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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