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Ameren Corp. (AEE)

Ameren is a public utility holding company formed in 1997 and headquartered in St. Louis, Missouri, whose primary assets are the equity interests in its subsidiaries. Ameren Missouri operates a rate-regulated electric generation, transmission and distribution business and a rate-regulated natural gas distribution business in Missouri. Ameren Illinois operates rate-regulated electric transmission, electric distribution and natural gas distribution businesses in Illinois. ATXI operates a transmission business regulated by the federal energy regulator within MISO. The four reportable segments follow those lines: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. Ameren had 8,913 employees at the end of 2025 with an average tenure of 13 years, of whom 3,767 were at Ameren Missouri, 3,168 at Ameren Illinois and 1,978 at Ameren Services.

Ameren Corp.

Ameren is a public utility holding company formed in 1997 and headquartered in St. Louis, Missouri, whose primary assets are the equity interests in its subsidiaries. Ameren Missouri operates a rate-regulated electric generation, transmission and distribution business and a rate-regulated natural gas distribution business in Missouri. Ameren Illinois operates rate-regulated electric transmission, electric distribution and natural gas distribution businesses in Illinois. ATXI operates a transmission business regulated by the federal energy regulator within MISO. The four reportable segments follow those lines: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. Ameren had 8,913 employees at the end of 2025 with an average tenure of 13 years, of whom 3,767 were at Ameren Missouri, 3,168 at Ameren Illinois and 1,978 at Ameren Services.

What it sells

Electricity sales were 69,416 million kilowatthours in 2025. Ameren Missouri's retail load was 31,796 million, made up of 13,972 million commercial, 13,675 million residential, 4,087 million industrial and 62 million to street lighting and public authorities, with off-system sales of 3,466 million on top. Ameren Illinois Electric Distribution carried 34,154 million, split 11,755 million commercial, 11,516 million residential, 10,485 million industrial and 398 million street lighting and public authority.

Natural gas sales were 192 million dekatherms. Ameren Illinois accounted for 171 million of that, with transport at 100 million and residential at 52 million; Ameren Missouri's 21 million was 9 million transport and 7 million residential.

Two different businesses under one roof

Ameren Missouri's electric supply is primarily generated from its own energy centres, and it buys power only for reasons such as an outage, meeting renewable requirements, extreme weather, or power being available below its own generation cost. In Illinois, transmission and distribution service rates are regulated but power supply prices are not, customers may buy power from an alternative retail electric supplier, and Ameren Illinois is required to be the provider of last resort. In 2025 it procured power on behalf of customers for 28 percent of its total kilowatthour sales, through processes run by the Illinois state power agency or through MISO markets, and passes the purchased power and procurement costs directly to those customers.

Rates are set by the Missouri utility regulator, the Illinois utility regulator and the federal energy regulator. The filing says decisions by those bodies are largely outside the company's control, and are influenced by the cost of providing service, the prudency of expenditures, the quality of service, regulatory staff knowledge and experience, customer intervention, economic conditions, and social and political views.

Generation

Ameren Missouri owns energy centres that rely on a diverse fuel portfolio including coal, nuclear and natural gas along with renewables. Both coal-fired energy centres were constructed before 1978. The Callaway nuclear energy centre began operation in 1984 and is licensed to operate until 2044. Ameren Missouri burned approximately 12.0 million tons of coal in 2025, approximately 96 percent of it bought from the Powder River Basin in Wyoming, which the filing notes has a limited number of suppliers, and the rest typically from the Illinois Basin. The filing says deliveries from the Powder River Basin have occasionally been restricted by rail congestion, staffing and equipment issues, infrastructure maintenance, derailments, weather and supplier financial hardship.

Ameren Illinois operates two solar generation facilities, two of the three pilot solar projects it is allowed to invest in under state law, with the third planned to be in service before the end of 2026.

What it plans to build

Ameren Missouri files a long-term non-binding preferred resource plan with the Missouri regulator every three years, and in February 2025 filed a change to its September 2023 plan to address load growth from data centre and manufacturing companies considering locating or expanding in its territory. That change estimates total load growth of 1.5 gigawatts by 2032 and 2.5 gigawatts by 2040, and sets out adding 1,600 MW of natural gas-fired simple-cycle generation by 2030 and a further 1,200 MW by 2043, 2,100 MW of natural gas-fired combined-cycle generation by 2035 and a further 1,200 MW by 2040, 3,200 MW of renewable generation by 2030 and a further 1,500 MW by 2035, and 1,000 MW of battery storage by 2030.

The transmission system

Ameren owns an integrated transmission system made up of the assets of all three utilities, and operates two MISO balancing authority areas. The Missouri area, which includes Ameren Missouri's load and most of its energy centres, had a peak demand of 7,487 MW in 2025; the Illinois area, which includes Ameren Illinois' load and certain Ameren Missouri energy centres located in Illinois, had a peak demand of 8,027 MW. The system connects directly with 15 other balancing authority areas for the exchange of electric energy.

Renewable requirements

Missouri utilities must purchase or generate electricity equal to at least 15 percent of native load sales from renewable sources, at least 2 percent of it from solar, subject to an average 1 percent annual limit on increases to customer rates over any 10-year period, and generation from facilities inside Missouri counts at 125 percent. In Illinois, Ameren Illinois must collect $4.58 per MWh from all electric distribution customers to fund state procurement of renewable energy credits, an amount that gains an annual inflation adjustment from June 2026.

From Ameren's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Ameren became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 6 November 2026
Revenue
$2.9 billion
+6.8% on the year · +37.8% on the quarter
Q4 FY2024Q3 FY2026
Net income
$676 million
+5.6% on the year · +115.3% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$2.42
+3.0% on the year · +114.2% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2025ended 31 December 2025 · 10-K filed 18 February 2026
Revenue
$8.8 billion
+15.4% on the year
FY2018FY2025
Net income
$1.5 billion
+23.2% on the year
FY2018FY2025
Diluted EPS
$5.35
+21.0% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsAmeren (AEE) reported revenue of $8.8 billion for fiscal 2025, the year ended 31 December 2025, up 15.4% on the year before. Net income was $1.5 billion and diluted earnings per share $5.35. Revenue was $7.6 billion in fiscal 2024, $7.5 billion in fiscal 2023, $8.0 billion in fiscal 2022 and $6.4 billion in fiscal 2021. Net income in the same years was $1.2 billion, $1.2 billion, $1.1 billion and $990 million. Over the twelve months to 30 September 2026, Ameren reported revenue of $8.9 billion and net income of $1.6 billion. Revenue grew 8.7% a year, compounded, over the five years to fiscal 2025. Ameren declared $2.96 a share in dividends over the last four quarters and had 277 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Ameren was $31.2 billion, 19.6 times its earnings over the last twelve months.

Ratios

From the filings

ROE11.3%
ROCE6.2%
Operating margin25.2%
Net margin17.9%
FCF margin-21.8%
Interest cover2.7x
Debt to equity1.55x
Cash conversion1.97x
Share count, last 12 months2.4%
Sales CAGR, 3 years3.4%
Profit CAGR, 3 years10.7%
EPS, TTM$5.75

At the close of 6 November 2026

Price$112.82
Market cap$31.2 billion
Stock P/E19.6x
Price to book2.2x
EV / EBITDA13.5x
Dividend yield2.6%
Market cap / sales3.5x
52-week high$118.32
52-week low$97.25
Price, 1 year10.6%
Price CAGR, 3 years13.1%
Price CAGR, 5 years5.7%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Ameren Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
AEEgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,5451,8791,7262,3062,0462,0621,7602,0601,6181,8161,6932,1731,9412,0972,2212,6991,7822,1762,0922,882
Operating income197331309599276351329614264371361586198430411825360532459900
Operating margin13%18%18%26%13%17%19%30%16%20%21%27%10%21%19%31%20%24%22%31%
Interest expense93.0104126126130127134152153154165173171175187208206204209216
Pre-tax income155287245531192302277563198306299514151340320693244418368796
Tax rate19%12%15%15%15%12%14%12%20%14%13%11%-38%15%13%8%-4%14%14%15%
Net income125252207452163264237493158261258456207289275640252357314676
Net margin8%13%12%20%8%13%13%24%10%14%15%21%11%14%12%24%14%16%15%23%
Diluted EPS$0.48$0.97$0.80$1.74$0.63$1.00$0.90$1.87$0.60$0.98$0.97$1.70$0.77$1.07$1.01$2.35$0.92$1.28$1.13$2.42
Operating cash flow4693884847276644966159205334925578978174318621,1049564217701,002
Capital expenditure8567747648999149318917491,0268901,0021,1371,2901,0641,0669881,0101,5741,0791,436
Free cash flow-387-386-280-172-250-435-276171-493-398-445-240-473-633-204116-54.0-1,153-309-434
Dividends paid142152153152153165165166166178178179179191193192192208206208
Shares outstanding258m258m258m258m262m263m263m263m266m267m267m267m270m270m270m270m276m277m277m277m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue7,5627,8697,1357,6386,1485,7815,8386,0536,0986,0766,1776,2915,9105,7946,3947,9577,5007,6238,7998,932
Operating income1,3591,3621,4169161,0331,1881,1841,2541,2591,3221,4101,3571,2671,3001,3331,5151,5581,5162,0262,251
Operating margin18.0%17.3%19.8%12.0%16.8%20.6%20.3%20.7%20.6%21.8%22.8%21.6%21.4%22.4%20.8%19.0%20.8%19.9%23.0%25.2%
Interest expense423440508497387392398341355382391401381419383486566663776835
Pre-tax income9869719564766918298299709481,0411,1051,0581,0161,0321,1521,2551,3401,2701,5971,826
Income tax33032733232525430731137736338257623718215515717618383.0136222
Effective tax rate33.5%33.7%34.7%68.3%36.8%37.0%37.5%38.9%38.3%36.7%52.1%22.4%17.9%15.0%13.6%14.0%13.7%6.5%8.5%12.2%
Net income618605612139519-9742895866306535238158288719901,0741,1521,1821,4561,599
Net margin8.2%7.7%8.6%1.8%8.4%-16.8%5.0%9.7%10.3%10.7%8.5%13.0%14.0%15.0%15.5%13.5%15.4%15.5%16.5%17.9%
Diluted EPSn/an/a$2.78$0.58$2.15-$4.01$1.18$2.40$2.59$2.68$2.14$3.32$3.35$3.50$3.84$4.14$4.38$4.42$5.35$5.75
Filing10-K10-K10-K10-K10-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Ameren Missouri2,8473,1763,3603,2523,5163,5263,5663,4703,4883,5893,2123,0693,3114,0123,8253,9604,76354.1%
Ameren Illinois Electric Distributionn/an/an/an/an/a1,4011,5291,5441,5641,5471,4871,4961,6352,2552,2172,0882,39327.2%
Ameren Illinois Gasn/an/an/an/an/a9767827537428157917609571,18089793896811.0%
Ameren Transmissionn/an/an/an/an/a1502193093824334014694915105616376757.7%
Ameren Illinois Company2,9573,0022,7842,5242,307n/an/an/an/an/an/an/an/an/an/an/an/an/a
Merchant Generation1,3221,459n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Other Segment914515020-2n/an/an/an/an/an/an/an/an/a
Intersegment Eliminationn/an/an/an/a0n/an/an/an/an/an/an/an/an/an/an/an/an/a
Ameren MissouriAmeren Illinois Electric Distribution FY2014 to FY2025Ameren Illinois Gas FY2014 to FY2025Ameren Transmission FY2014 to FY2025Other Segment FY2009 to FY2015Ameren Illinois Company FY2009 to FY2013Merchant Generation FY2009 to FY2010
7,638FY20105,838FY20136,076FY20165,891FY20197,957FY20228,799FY2025

$ million; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Intersegment Elimination is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart. Other Segment is below zero in FY2017 as the 10-K filed it, so it has no share or block for that year.

Profit by segment FY2009 to FY2023, 2 years left out

The net income each segment reports. Costs Ameren does not charge to a segment are left out, so the segments can add up to more than the company's own net income.

FY2009FY2010FY2011FY2012FY2013FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023Margin
FY2023
Ameren Missouri25936428741639535732347842643651856254514.2%
Ameren Illinois Electric Distributionn/an/an/an/an/a12613113614614316520225811.6%
Ameren Illinois Gasn/an/an/an/an/a596070849910812313414.9%
Ameren Transmissionn/an/an/an/an/a11714016418521623026329652.8%
Ameren Illinois Company127208193141160n/an/an/an/an/an/an/an/an/a
Merchant Generation247-409n/an/an/an/an/an/an/an/an/an/an/an/a
Other Segment-21-24-49-41-43-6-131-33n/an/an/an/an/an/a
Ameren MissouriAmeren Illinois Electric Distribution FY2016 to FY2023Ameren Illinois Company FY2009 to FY2013Ameren Illinois Gas FY2016 to FY2023Merchant Generation FY2009 to FY2010Ameren Transmission FY2016 to FY2023Other Segment FY2009 to FY2018
612FY2009431FY2011512FY2013523FY2017841FY20191,021FY20211,233FY2023

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2023Share of salesShare of profit
Ameren Missouri51%44%
Ameren Illinois Electric Distribution30%21%
Ameren Illinois Gas12%11%
Ameren Transmission7%24%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a net income figure. A margin is a segment's net income over its own sales.

Revenue by product or service FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Electric5,1965,3075,3394,9814,9115,2976,5816,4396,5407,66887.1%
Natural gas8808679529298831,0971,3761,0611,0831,13112.9%
ElectricNatural gas
6,174FY20175,910FY20196,394FY20217,500FY20238,799FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow1,1081,5241,9671,8231,8781,6901,6931,5652,0312,1172,1182,1702,1701,7271,6612,2632,5642,7633,3533,149
Capital expenditure1,3811,8961,7101,0428811,0631,3791,7851,9172,0762,1322,2862,4113,2333,4793,3513,5974,3194,1285,099
Free cash flow-273-372257781997627314-22011441.0-14.0-116-241-1,506-1,818-1,088-1,033-1,556-775-1,950
Free cash flow margin-3.6%-4.7%3.6%10.2%16.2%10.8%5.4%-3.6%1.9%0.7%-0.2%-1.8%-4.1%-26.0%-28.4%-13.7%-13.8%-20.4%-8.8%-21.8%
Cash from investing-1,468-2,097-1,781-1,096-1,048-1,310-1,723-1,717-1,976-2,158-2,205-2,336-2,435-3,329-3,528-3,370-3,798-4,456-4,145-5,187
Cash from financing578310344-804-1,120-426-149127232-2581022053341,7271,7211,1681,2901,7498842,128
Depreciation and amortisation7357057087466026336667107778358769381,0021,1531,2191,3731,4321,5241,6121,690
Share-based compensationn/an/an/a15.017.029.027.025.024.017.017.020.020.021.022.024.026.028.028.031.0
Buybacksn/an/an/an/an/an/an/an/an/a51.024.00.00.0n/an/an/an/an/an/an/a
Dividends paid527534338368375382388390402416431451472494565610662714768814
Dividend per share$2.54$2.54$1.54$1.54$1.55$1.60$1.60$1.61$1.66$1.72$1.78$1.85$1.92$2.00$2.20$2.36$2.52$2.68$2.84n/a
Diluted shares, weighted207m210m220m239m242m243m244m244m244m243m244m246m247m249m258m260m263m267m272m279m
Shares outstanding at period endn/a212m237m240m243m243m243m243m243m243m243m244m246m253m258m262m266m270m276m277m
Filing10-K10-K10-K10-K10-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity6,9696,9637,8537,7307,9196,6166,5446,7136,9467,1037,1847,6318,0598,9389,70010,50811,34912,11413,40114,207
Non-controlling interestn/a216204154149151142142142142142142142142129129129129129129
Short-term borrowingsn/a1,17420.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a496
Debtn/a6,9347,3177,7377,0046,1676,4066,9197,5767,8348,4199,0369,79711,57613,61215,09516,50618,72219,83022,017
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a29.0n/an/an/an/a67.073.0n/a
Other liabilitiesn/a7,3708,3087,8948,6519,2967,9508,5158,9769,62010,20010,40610,90611,37412,29412,17212,84613,56615,04315,918
Total liabilities and equityn/a22,65723,70223,51523,72322,23021,04222,28923,64024,69925,94527,21528,93332,03035,73537,90440,83044,59848,47652,767
Owned
Fixed assetsn/a16,56717,61017,85314,84815,34816,20517,42418,79920,11321,46622,81024,37626,80729,26131,26233,77636,30439,31342,239
Goodwilln/a831831411411411411411411411411411411411411411411411411411
Intangible assetsn/a1671297.07.014.022.0n/an/an/an/an/an/an/an/an/an/an/an/an/a
Securities held for sale or to maturityn/an/an/an/a430445458476477478508252273297328329354422486n/a
Cash and equivalents35592.062253824820930.05.02929.010.016.016.01398.010.025.07.013.040.0
Receivablesn/a516424517424354404423388437445463393415434600494525665853
Inventoryn/a842782707550570526524538527522483494521592667733762774873
Other assetsn/a3,6423,3043,4826,8054,8792,9863,0262,7352,7242,5832,7802,9703,4404,7014,6255,0376,1676,8148,351
Total assetsn/a22,65723,70223,51523,72322,23021,04222,28923,64024,69925,94527,21528,93332,03035,73537,90440,83044,59848,47652,767
Filing10-K10-K10-K10-K10-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded3.7%8.7%3.4%-0.3%
Profit growth, compounded8.7%10.8%10.7%13.3%
Return on equity, average9.8%10.2%10.3%10.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Ameren's revenue in fiscal 2025?

Ameren (AEE) reported revenue of $8.8 billion for fiscal 2025, the year ended 31 December 2025, up 15.4% on the year before.

How much did Ameren earn in fiscal 2025?

Net income was $1.5 billion for fiscal 2025, and diluted earnings per share $5.35.

What is Ameren's P/E ratio?

At the close of 6 November 2026, Ameren traded at 19.6 times its earnings over the twelve months to 30 September 2026.

What is Ameren's market cap?

The market cap of Ameren was $31.2 billion at the close of 6 November 2026.

Does Ameren pay a dividend?

Yes. Ameren declared $2.96 a share in dividends over the four quarters to 30 September 2026.

Peers: Utilities

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Duke Energy Corp. DUK$99.7 billion18.719.7%28.5%6.8%1.683.3%
Xcel Energy Inc. XEL$50.6 billion18.5710.5%21.7%4.5%1.592.9%
Exelon Corp. EXC$47.2 billion17.708.8%19.8%6.7%1.773.6%
Consolidated Edison Inc. ED$44.0 billion18.988.7%18.7%9.0%1.05n/a
WEC Energy Group, Inc. WEC$38.1 billion21.0412.1%23.5%8.1%1.523.2%
Public Service Enterprise Group Inc. PEG$36.2 billion20.5110.2%21.6%5.3%1.483.6%
Ameren Corp. AEE$31.2 billion19.6211.3%25.2%-0.3%1.552.6%
Pg&E Corp. PCG$28.6 billion9.618.6%20.2%4.1%1.88n/a
CMS Energy Corp. CMS$21.7 billion24.719.0%13.8%8.2%2.063.3%
Nisource Inc. NI$21.2 billion22.649.8%27.4%10.0%1.912.7%
Evergy, Inc. EVRG$20.5 billion19.499.7%27.4%8.5%1.473.2%
Alliant Energy Corp. LNT$18.9 billion20.2512.0%22.6%5.4%1.612.9%
All 96 in Utilities
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NextEra Energy Inc. NEE$182.3 billion15.6718.9%30.0%9.6%1.852.8%
Southern Co. SO$107.5 billion21.1311.1%24.7%7.9%1.653.2%
Duke Energy Corp. DUK$99.7 billion18.719.7%28.5%6.8%1.683.3%
Constellation Energy Corp. CEG$88.7 billion24.3410.8%14.7%26.0%0.770.7%
National Grid plc NGG *$86.4 billion19.038.2%30.7%-3.8%1.192.5%
Williams Companies, Inc. WMB$80.1 billion25.2319.9%37.5%8.8%2.023.2%
Enterprise Products Partners L.P. EPD$79.8 billion12.26n/a12.7%21.5%n/an/a
American Electric Power Co. Inc. AEP$68.9 billion20.6710.2%23.4%11.1%1.603.0%
Kinder Morgan, Inc. KMI$66.7 billion18.4911.4%29.0%11.7%1.053.9%
TC Energy Corporation TRP *$64.5 billion26.4412.9%52.7%10.7%2.203.9%
Dominion Energy, Inc. D$60.4 billion22.799.1%22.5%21.5%1.663.9%
Cheniere Energy, Inc. LNG$56.8 billion19.4046.3%28.1%22.5%3.680.8%
Targa Resources Corp. TRGP$56.7 billion23.4164.1%22.5%4.7%5.201.7%
ONEOK Inc. OKE$53.7 billion13.2317.4%14.2%36.8%1.225.0%
Entergy Corp. ETR$52.8 billion25.4110.3%24.6%10.3%1.752.3%
Sempra SRE$51.1 billion16.759.2%n/a-0.9%1.123.3%
Xcel Energy Inc. XEL$50.6 billion18.5710.5%21.7%4.5%1.592.9%
Exelon Corp. EXC$47.2 billion17.708.8%19.8%6.7%1.773.6%
Consolidated Edison Inc. ED$44.0 billion18.988.7%18.7%9.0%1.05n/a
Vistra Corp. VST$41.9 billion21.0440.5%18.5%3.8%3.570.7%
WEC Energy Group, Inc. WEC$38.1 billion21.0412.1%23.5%8.1%1.523.2%
Public Service Enterprise Group Inc. PEG$36.2 billion20.5110.2%21.6%5.3%1.483.6%
Ameren Corp. AEE$31.2 billion19.6211.3%25.2%-0.3%1.552.6%
American Water Works Company, Inc. AWK$29.9 billion26.059.5%37.0%5.4%1.372.3%
Atmos Energy Corp. ATO$29.3 billion20.679.2%37.0%6.5%0.682.0%
Venture Global, Inc. VG$28.8 billion9.0838.9%37.6%100.7%4.880.3%
Pg&E Corp. PCG$28.6 billion9.618.6%20.2%4.1%1.88n/a
DTE Energy Co. DTE$28.2 billion20.5810.8%13.1%12.4%2.253.3%
Cheniere Energy Partners, L.P. CQP$27.8 billionn/an/a34.2%13.2%n/an/a
Centerpoint Energy Inc. CNP$27.0 billion23.259.8%24.4%7.8%2.122.3%
PPL Corp. PPL$27.0 billion20.478.6%24.5%7.5%1.333.1%
Firstenergy Corp. FE$26.9 billion22.339.3%14.9%12.2%2.323.8%
Eversource Energy ES$26.3 billion18.438.7%21.5%4.6%1.764.5%
Edison International EIX$22.8 billion6.3220.3%31.8%2.6%2.335.9%
CMS Energy Corp. CMS$21.7 billion24.719.0%13.8%8.2%2.063.3%
Nisource Inc. NI$21.2 billion22.649.8%27.4%10.0%1.912.7%
Evergy, Inc. EVRG$20.5 billion19.499.7%27.4%8.5%1.473.2%
Alliant Energy Corp. LNT$18.9 billion20.2512.0%22.6%5.4%1.612.9%
NRG Energy, Inc. NRG$18.6 billion22.9217.5%6.1%12.8%4.822.1%
Western Midstream Partners, LP WES$16.5 billion12.91n/a38.5%22.3%n/an/a
Talen Energy Corp. TLN$16.0 billionn/a-16.1%2.0%71.9%6.06n/a
Essential Utilities, Inc. WTRG$13.0 billion22.847.9%72.4%9.2%1.223.2%
Pinnacle West Capital Corp. PNW$12.6 billion19.598.8%20.7%7.5%1.533.5%
DT Midstream, Inc. DTM$11.6 billion24.759.8%49.4%13.4%0.683.0%
OGE Energy Corp. OGE$10.5 billion19.0310.6%25.8%2.4%1.123.4%
Antero Midstream Corp. AM$9.0 billion13.3730.5%81.3%7.3%1.424.7%
Entergy Arkansas, LLC EAI$8.7 billion4.1910.3%24.6%n/a1.7513.4%
Idacorp Inc. IDA$8.6 billion22.519.2%23.5%4.5%0.952.4%
UGI Corp. UGI$7.9 billion12.3912.9%16.2%-0.5%1.354.0%
Kinetik Holdings Inc. KNTK$7.9 billion16.31n/a12.2%15.8%n/a6.6%
Clearway Energy, Inc. CWEN$7.0 billion44.271.7%13.4%9.9%1.665.4%
National Fuel Gas Co. NFG$7.0 billion10.2117.2%40.3%15.1%0.912.9%
Southwest Gas Holdings, Inc. SWX$6.6 billionn/an/an/an/a0.862.8%
Black Hills Corp. BKH$6.5 billion20.418.0%24.3%2.8%1.133.3%
Txnm Energy Inc. TXNM$6.4 billion28.076.3%24.4%10.0%1.652.9%
Ormat Technologies, Inc. ORA$5.7 billion42.745.1%16.7%28.6%0.600.5%
New Jersey Resources Corp. NJR$5.5 billion15.0113.9%24.8%6.4%1.403.5%
Portland General Electric Co. POR$5.5 billion19.736.3%14.4%1.2%1.164.6%
Spire Inc. SR$5.2 billion9.9015.3%19.7%4.1%2.033.7%
NorthWestern Energy Group, Inc. NWE$5.1 billion31.225.7%18.1%10.1%1.273.2%
One Gas, Inc. OGS$5.1 billion17.258.3%21.1%-1.9%1.003.3%
Archrock, Inc. AROC$4.8 billion14.2021.4%n/a3.7%1.473.2%
Kodiak Gas Services, Inc. KGS$4.2 billion49.563.7%27.4%8.2%1.264.6%
MDU Resources Group Inc. MDU$4.0 billion20.026.5%17.1%-0.7%0.873.0%
American States Water Co. AWR$3.6 billion24.6512.6%32.2%11.1%0.792.3%
Chesapeake Utilities Corp. CPK$3.4 billion22.129.0%27.2%13.9%1.042.0%
Avista Corp. AVA$3.4 billion13.498.7%18.9%-1.4%1.194.9%
Otter Tail Corp. OTTR$3.3 billion18.719.2%15.2%0.0%0.652.9%
California Water Service Group CWT$3.2 billion22.797.2%19.4%4.8%0.862.6%
H2O America HTO$3.0 billion24.704.8%20.7%4.2%0.952.8%
MGE Energy Inc. MGEE$3.0 billion18.5510.9%22.5%8.0%0.632.3%
Fervo Energy Co. FRVO$2.7 billionn/an/an/an/a0.08n/a
Northwest Natural Holding Co. NWN$2.2 billion17.138.3%22.9%3.2%1.843.8%
Centuri Holdings, Inc. CTRI$2.1 billion36.326.0%3.1%31.5%0.90n/a
NGL Energy Partners LP NGL$1.9 billionn/an/a1.9%18.0%n/an/a
NextDecade Corp. NEXT$1.6 billionn/a-83.8%n/an/a107.19n/a
Hawaiian Electric Industries Inc. HE$1.5 billion6.3912.8%10.5%13.6%1.28n/a
New Fortress Energy Inc. NFE$1.3 billionn/an/a-84.3%-36.9%n/an/a
Excelerate Energy, Inc. EE$1.2 billion25.252.1%23.8%16.2%0.460.9%
Middlesex Water Co. MSEX$1.1 billion21.639.5%30.5%8.9%0.802.4%
Unitil Corp. UTL$1.0 billion18.318.6%18.6%21.1%1.543.3%
Xplr Infrastructure, LP XIFR$689 million4.601.4%6.4%-1.1%0.57n/a
York Water Co. YORW$530 million19.678.5%37.9%13.7%0.652.8%
Hallador Energy Co. HNRG$476 million505.00-0.5%3.7%6.5%0.23n/a
Genie Energy Ltd. GNE$462 million16.1810.9%5.2%1.7%0.031.7%
Consolidated Water Co. Ltd. CWCO$436 million27.527.2%12.3%-1.2%0.002.1%
Clean Energy Fuels Corp. CLNE$421 millionn/a-13.6%-4.0%6.3%0.39n/a
Montauk Renewables, Inc. MNTK$388 million54.203.0%0.6%4.3%0.57n/a
Artesian Resources Corp. ARTNA$354 million15.049.2%25.0%5.9%0.723.7%
Cadiz Inc. CDZI$300 millionn/a-789.7%-236.1%-21.3%18.65n/a
Summit Midstream Corp. SMC$288 millionn/a-0.6%14.6%20.9%2.07n/a
Pure Cycle Corp. PCYO$262 million17.859.7%37.7%22.9%0.09n/a
RGC Resources Inc. RGCO$241 million17.2911.4%17.3%13.8%1.213.7%
Global Water Resources, Inc. GWRS$219 million81.112.6%12.6%9.8%1.414.1%
Stabilis Solutions, Inc. SLNG$67 millionn/a-15.0%-19.4%-30.3%0.14n/a
Ocean Power Technologies, Inc. OPTT$4 millionn/an/a-1,088.8%-25.8%1.17n/a
15 companies share its SEC industry code (Electric & Other Services Combined); the rest are the names nearest in size in its wider industry, Utilities, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on AEE

Dividends$2.96 a share over the four quarters to 30 September 2026, a 2.62% yield
Filings27 in twelve months: 17 current reports (8-K), about 13 other events; 4 results of operations; 2 officer or director change; 2 regulation FD disclosure; 1 shareholder vote
Planned insider sales8 Form 144 notices in twelve months, $6.3 million; latest 3 November 2026
Options tapeput/call 0.28 by open interest at the 6 November 2026 close; the straddle prices a 3.7% move to 20 November 2026
13F holders957 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading22 sales and 0 purchases on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest15.3 million shares short, 7.26 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20266 November 2026EDGAR
10-Q30 June 20263 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202518 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20254 August 2025EDGAR
10-Q31 March 20255 May 2025EDGAR
10-K31 December 202418 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20245 August 2024EDGAR

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