AEE Financials Ameren

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:13 UTC Overview →

Growth & profitability

Revenue has grown 8.7% per year over the past 5 years.
Net income has grown faster than revenue (10.7% vs 8.7% per year).
Operating margin has been roughly flat, at 23.0% in the latest year.

Financial health

Total debt ($20.1B) exceeds cash ($13M); net debt is $20.1B.
Total debt has grown in line with revenue (11.4% vs 8.7% per year).
Operating income covered interest expense 2.6× in the latest year, down from 3.1× 5 years ago.
Total debt is 5.5× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 52.6% of earnings.
The dividend has grown 9.2% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$8.8B	$1.5B	0.0%	23.0%	10.9%	3.0%	-$775M	$20.1B	$13M
2024	$7.6B	$1.2B	0.0%	19.9%	9.8%	2.7%	-$1.6B	$18.9B	$7M
2023	$7.5B	$1.2B	0.0%	20.8%	10.2%	2.8%	-$1.0B	$16.6B	$25M
2022	$8.0B	$1.1B	0.0%	19.0%	10.3%	2.8%	-$1.1B	$15.2B	$10M
2021	$6.4B	$995M	0.0%	20.8%	10.3%	2.8%	-$1.8B	$13.7B	$8M
2020	$5.8B	$877M	0.0%	22.4%	9.8%	2.7%	-$1.5B	$11.7B	$139M
2019	$5.9B	$834M	0.0%	21.4%	10.3%	2.9%	-$241M	$9.9B	$16M
2018	$6.3B	$821M	0.0%	21.6%	10.8%	3.0%	-$116M	$9.1B	$16M
2017	$6.2B	$529M	0.0%	22.8%	7.4%	2.0%	-$14M	$8.5B	$10M
2016	$6.1B	$659M	0.0%	21.8%	9.3%	2.7%	$41M	$7.9B	$9M
2015	$6.1B	$636M	0.0%	20.6%	9.2%	2.7%	$114M	$7.6B	$292M
2014	$6.1B	$592M	0.0%	20.7%	8.8%	2.7%	-$220M	$7.0B	$5M
2013	$5.8B	$295M	0.0%	20.3%	4.5%	1.4%	$314M	$6.4B	$30M
2012	$5.8B	-$974M	0.0%	20.6%	-14.7%	-4.4%	$627M	$6.2B	$209M
2011	$6.1B	$526M	0.0%	16.8%	6.6%	2.2%	$997M	$7.0B	$248M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$2.1B	$316M	0.0%	21.9%	2.3%	0.6%	-$309M	$21.8B	$12M
Mar '26	$2.2B	$358M	0.0%	24.4%	2.6%	0.7%	-$1.2B	$21.3B	$13M
Dec '25	$1.8B	$253M	0.0%	20.2%	1.9%	0.5%	-$54M	$20.1B	$13M
Sep '25	$2.7B	$641M	0.0%	30.6%	5.0%	1.4%	$116M	$20.1B	$9M
Jun '25	$2.2B	$277M	0.0%	18.5%	2.2%	0.6%	-$204M	$20.0B	$11M
Mar '25	$2.1B	$290M	0.0%	20.5%	2.4%	0.6%	-$633M	$19.6B	$23M
Dec '24	$1.9B	$208M	0.0%	10.2%	1.7%	0.5%	-$473M	$18.9B	$7M
Sep '24	$2.2B	$457M	0.0%	27.0%	3.9%	1.1%	-$240M	$18.3B	$17M
Jun '24	$1.7B	$260M	0.0%	21.3%	2.3%	0.6%	-$445M	$17.8B	$19M
Mar '24	$1.8B	$262M	0.0%	20.4%	2.3%	0.6%	-$398M	$17.2B	$85M
Dec '23	$1.6B	$159M	0.0%	16.3%	1.4%	0.4%	-$493M	$16.6B	$25M
Sep '23	$2.1B	$494M	0.0%	29.8%	4.5%	1.2%	$171M	$16.0B	$8M
Jun '23	$1.8B	$239M	0.0%	18.7%	2.2%	0.6%	-$276M	$16.0B	$7M
Mar '23	$2.1B	$265M	0.0%	17.0%	2.5%	0.7%	-$435M	$15.5B	$10M
Dec '22	$2.0B	$164M	0.0%	13.5%	1.6%	0.4%	-$250M	$15.2B	$10M
Sep '22	$2.3B	$453M	0.0%	26.0%	4.4%	1.2%	-$172M	$15.0B	$7M
Jun '22	$1.7B	$209M	0.0%	17.9%	2.1%	0.6%	-$280M	$14.6B	$7M
Mar '22	$1.9B	$253M	0.0%	17.6%	2.6%	0.7%	-$386M	$14.2B	$7M
Dec '21	$1.5B	$126M	0.0%	12.8%	1.3%	0.4%	-$397M	$13.7B	$8M
Sep '21	$1.8B	$426M	0.0%	29.5%	4.4%	1.2%	-$94M	$13.1B	$7M

Valuation over time

How the market has priced AEE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 22.2× (Mar '23) to 21.1× (Nov '26).
The price-to-sales ratio has risen from 3.0× (Mar '23) to 3.5× (Nov '26).
The dividend yield has fallen from 2.5% (Mar '23) to 2.5% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is AEE growing its revenue and profit?

Over the past 5 years, Ameren's revenue has grown 8.7% per year, and net income grown 10.7% per year. These are computed facts, not advice.

How much debt does AEE have?

As of FY2025, Ameren reported $20.1B of total debt against $13M of cash; operating income covered interest expense 2.6×.

What is AEE's profit margin?

In FY2025, gross margin was —, operating margin 23.0%, and net margin 16.6%.

What is AEE's P/E ratio?

Ameren's P/E (TTM) is 19.67 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the AEE stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 21.1× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.