tradmap

AEP Financials American Electric Power

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 3.8% per year over the past 5 years.
  • Net income has grown faster than revenue (11.0% vs 3.8% per year).
  • Free cash flow has declined 15.2% per year over the past 5 years.

Financial health

  • Total debt ($48.8B) exceeds cash ($197M); net debt is $48.6B.
  • Total debt has grown faster than revenue (7.8% vs 3.8% per year).
  • Operating income covered interest expense 2.6× in the latest year.
  • Total debt is 5.6× EBITDA.

Shareholder returns

  • Dividends have been paid for 4 consecutive years, consuming 54.3% of earnings and 57.5% of free cash flow.
  • The dividend has grown 7.1% per year over the past 5 years.
Revenue & net income
$0 $11B $22B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 12% 25% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $3B $6B 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $24B $49B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$12B -$2B $7B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $21.7B $3.7B 0.0% 24.5% $3.5B $48.8B $197M
2024 $20.0B $3.0B 0.0% 21.6% $6.4B $45.2B $203M
2023 $19.5B $2.2B 0.0% 18.3% $4.9B $43.0B $330M
2022 $19.4B $2.3B 0.0% 18.0% — $40.9B $509M
2021 — $2.5B — — — $37.2B $403M
2020 — $2.2B — — — $33.6B $393M
2019 — $1.9B — — — $29.6B $247M
2018 — $1.9B — — — $25.3B $234M
2017 — $1.9B — — — $22.8B $215M
2016 — $618M — — — $22.0B $211M
2015 — $2.1B — — — $20.4B $176M
2014 — $1.6B — — — $19.9B $163M
2013 — $1.5B — — — $19.1B $118M
2012 — $1.3B — — — $18.7B $279M
2011 — $1.9B — — — $18.2B $221M

Valuation over time

How the market has priced AEP 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.

Price / earnings (P/E)
0.0 12.6 25.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.7 3.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 2.1 4.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is AEP growing its revenue and profit?

Over the past 5 years, American Electric Power's revenue has grown 3.8% per year, and net income grown 11.0% per year. These are computed facts, not advice.

How much debt does AEP have?

As of FY2025, American Electric Power reported $48.8B of total debt against $197M of cash; operating income covered interest expense 2.6×.

What is AEP's profit margin?

In FY2025, gross margin was —, operating margin 24.5%, and net margin 17.0%.

What is AEP's P/E ratio?

As of Jun '26, American Electric Power traded at a price-to-earnings ratio of about 20.2× (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.