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 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
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
FCF
Total debt
Cash
2025
$8.8B
$1.5B
0.0%
23.0%
-$775M
$20.1B
$13M
2024
$7.6B
$1.2B
0.0%
19.9%
-$1.6B
$18.9B
$7M
2023
$7.5B
$1.2B
0.0%
20.8%
-$1.0B
$16.6B
$25M
2022
$8.0B
$1.1B
0.0%
19.0%
-$1.1B
$15.2B
$10M
2021
$6.4B
$995M
0.0%
20.8%
-$1.8B
$13.7B
$8M
2020
$5.8B
$877M
0.0%
22.4%
-$1.5B
$11.7B
$139M
2019
$5.9B
$834M
0.0%
21.4%
-$241M
$9.9B
$16M
2018
$6.3B
$821M
0.0%
21.6%
-$116M
$9.1B
$16M
2017
$6.2B
$529M
0.0%
22.8%
-$14M
$8.5B
$10M
2016
$6.1B
$659M
0.0%
21.8%
$41M
$7.9B
$9M
2015
$6.1B
$636M
0.0%
20.6%
$114M
$7.6B
$292M
2014
$6.1B
$592M
0.0%
20.7%
-$220M
$7.0B
$5M
2013
$5.8B
$295M
0.0%
20.3%
$314M
$6.4B
$30M
2012
$5.8B
-$974M
0.0%
20.6%
$627M
$6.2B
$209M
2011
$6.1B
$526M
0.0%
16.8%
$997M
$7.0B
$248M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$2.2B
$358M
0.0%
24.4%
-$1.2B
$21.3B
$13M
Dec '25
$1.8B
$253M
0.0%
20.2%
-$54M
$20.1B
$13M
Sep '25
$2.7B
$641M
0.0%
30.6%
$116M
$20.1B
$9M
Jun '25
$2.2B
$277M
0.0%
18.5%
-$204M
$20.0B
$11M
Mar '25
$2.1B
$290M
0.0%
20.5%
-$633M
$19.6B
$23M
Dec '24
$1.9B
$208M
0.0%
10.2%
-$473M
$18.9B
$7M
Sep '24
$2.2B
$457M
0.0%
27.0%
-$240M
$18.3B
$17M
Jun '24
$1.7B
$260M
0.0%
21.3%
-$445M
$17.8B
$19M
Mar '24
$1.8B
$262M
0.0%
20.4%
-$398M
$17.2B
$85M
Dec '23
$1.6B
$159M
0.0%
16.3%
-$493M
$16.6B
$25M
Sep '23
$2.1B
$494M
0.0%
29.8%
$171M
$16.0B
$8M
Jun '23
$1.8B
$239M
0.0%
18.7%
-$276M
$16.0B
$7M
Mar '23
$2.1B
$265M
0.0%
17.0%
-$435M
$15.5B
$10M
Dec '22
$2.0B
$164M
0.0%
13.5%
-$250M
$15.2B
$10M
Sep '22
$2.3B
$453M
0.0%
26.0%
-$172M
$15.0B
$7M
Jun '22
$1.7B
$209M
0.0%
17.9%
-$280M
$14.6B
$7M
Mar '22
$1.9B
$253M
0.0%
17.6%
-$386M
$14.2B
$7M
Dec '21
$1.5B
$126M
0.0%
12.8%
-$397M
$13.7B
$8M
Sep '21
$1.8B
$426M
0.0%
29.5%
-$94M
$13.1B
$7M
Jun '21
$1.5B
$208M
0.0%
19.4%
-$405M
$12.9B
$99M
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 21.7× (Jun '26).
The price-to-sales ratio has risen from 3.0× (Mar '23) to 3.6× (Jun '26).
The dividend yield has fallen from 2.6% (Mar '23) to 2.4% (Jun '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?
As of Jun '26, Ameren traded at a price-to-earnings ratio of about 21.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.