Ameren Corporation (AEE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AEE SEC filings page.
Ameren Corporation (AEE) reported $8.7B in revenue over the twelve months to Jun 30, 2026, up 3.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Ameren is a capital-intensive utility where rising earnings are paired with heavy reinvestment, persistent financing needs, and elevated leverage.
From FY2021 to FY2025, operating cash flow climbed from$1.7B to$3.4B , yet FY2025 free cash flow was-$775M because capital spending remained higher than internally generated cash. That improvement still did not create surplus cash: reinvestment remains a recurring financing requirement rather than a use funded entirely from operations.
FY2025 revenue reached
A 1.4x debt-to-equity ratio alongside a 0.7x current ratio shows the company funds a large asset base with substantial long-term obligations and has less current-asset coverage than current liabilities. Assets grew from
Financial Health Signals
Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Ameren Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Ameren Corporation has an operating margin of 23.0%, meaning the company retains $23 of operating profit per $100 of revenue. This strong profitability earns a score of 67/100, reflecting efficient cost management and pricing power. This is up from 19.9% the prior year.
Ameren Corporation's revenue surged 15.4% year-over-year to $8.8B, reflecting rapid business expansion. This strong growth earns a score of 76/100.
Ameren Corporation has a moderate D/E ratio of 1.36. This balance of debt and equity financing earns a leverage score of 30/100.
Ameren Corporation's current ratio of 0.66 is below the typical benchmark, resulting in a score of 29/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Ameren Corporation generated $3.4B in operating cash flow, capex of $4.1B consumed most of it, leaving -$775.0M in free cash flow. This results in a low score of 34/100, reflecting heavy capital investment rather than weak cash generation.
Ameren Corporation's ROE of 10.9% shows moderate profitability relative to equity, earning a score of 51/100. This is up from 9.8% the prior year.
Ameren Corporation scores 0.94, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($29.4B) relative to total liabilities ($35.1B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Ameren Corporation passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Ameren Corporation generates $2.30 in operating cash flow ($3.4B OCF vs $1.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Ameren Corporation earns $2.61 in operating income for every $1 of interest expense ($2.0B vs $776.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Ameren Corporation generated $2.1B in revenue in Q2 2026. This represents a decrease of 5.8% from the same quarter a year earlier. Against the prior quarter it is down 3.9%.
Ameren Corporation's EBITDA was $883.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.1% from the same quarter a year earlier. Against the prior quarter it is down 7.0%.
Ameren Corporation reported $316.0M in net income in Q2 2026. This represents an increase of 14.1% from the same quarter a year earlier. Against the prior quarter it is down 11.7%.
Ameren Corporation earned $1.13 per diluted share (EPS) in Q2 2026. This represents an increase of 11.9% from the same quarter a year earlier. Against the prior quarter it is down 11.7%.
Cash & Balance Sheet
Ameren Corporation recorded an outflow of $309.0M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 51.5% from the same quarter a year earlier. Against the prior quarter it is up 73.2%.
Ameren Corporation held $12.0M in cash against $19.1B in long-term debt as of Q2 2026.
Ameren Corporation paid $0.75 per share in dividends in Q2 2026. This represents an increase of 5.6% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Ameren Corporation's operating margin was 21.9% in Q2 2026, reflecting core business profitability. This is up 3.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.
Ameren Corporation's net profit margin was 15.1% in Q2 2026, showing the share of revenue converted to profit. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.3 percentage points.
Ameren Corporation's ROE was 2.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.
Not reported for Q2 2026.
Capital Allocation
Ameren Corporation invested $1.1B in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 1.2% from the same quarter a year earlier. Against the prior quarter it is down 31.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
AEE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B-5.8% | $2.2B+3.8% | $1.8B-8.2% | $2.7B+24.2% | $2.2B+31.2% | $2.1B+15.5% | $1.9B+20.0% | $2.2B+5.5% |
| Operating Income | $459.0M+11.7% | $532.0M+23.7% | $360.0M+81.8% | $825.0M+40.8% | $411.0M+13.9% | $430.0M+15.9% | $198.0M-25.0% | $586.0M-4.6% |
| EBITDA | $883.0M+9.1% | $949.0M+15.0% | $773.0M+33.3% | $1.2B+27.2% | $809.0M+9.0% | $825.0M+10.0% | $580.0M-8.4% | $968.0M-0.6% |
| Interest Expense | $209.0M+11.8% | $204.0M+16.6% | $206.0M+20.5% | $208.0M+20.2% | $187.0M+13.3% | $175.0M+13.6% | $171.0M+11.8% | $173.0M+13.8% |
| Income Tax | $52.0M+20.9% | $60.0M+20.0% | -$9.0M+84.2% | $52.0M-8.8% | $43.0M+10.3% | $50.0M+13.6% | -$57.0M-246.2% | $57.0M-17.4% |
| Net Income | $316.0M+14.1% | $358.0M+23.4% | $253.0M+21.6% | $641.0M+40.3% | $277.0M+6.5% | $290.0M+10.7% | $208.0M+30.8% | $457.0M-7.5% |
| EPS (Basic) | $1.14+11.8% | $1.29+20.6% | $0.92+19.5% | $2.37+38.6% | $1.02+5.2% | $1.07+9.2% | $0.77+28.3% | $1.71-9.0% |
| EPS (Diluted) | $1.13+11.9% | $1.28+19.6% | $0.92+19.5% | $2.35+38.2% | $1.01+4.1% | $1.07+9.2% | $0.77+28.3% | $1.70-9.1% |
| Diluted Shares (Avg) | 279M+2.6% | 278M+2.6% | N/A | 272M+1.8% | 272M+1.8% | 271M+1.7% | N/A | 267M+1.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
AEE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $51.2B+9.8% | $49.8B+9.2% | $48.5B+8.7% | $47.4B+9.5% | $46.6B+10.1% | $45.7B+10.6% | $44.6B+9.2% | $43.3B+9.3% |
| Current Assets | $2.6B+6.9% | $2.6B+4.6% | $2.6B+13.6% | $2.6B+15.6% | $2.5B+11.6% | $2.5B+17.8% | $2.3B+3.8% | $2.3B+8.3% |
| Cash & Equivalents | $12.0M+9.1% | $13.0M-43.5% | $13.0M+85.7% | $9.0M-47.1% | $11.0M-42.1% | $23.0M-72.9% | $7.0M-72.0% | $17.0M+112.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $800.0M+8.4% | $733.0M+9.6% | $774.0M+1.6% | $804.0M+1.5% | $738.0M-0.3% | $669.0M-1.5% | $762.0M+4.0% | $792.0M+4.2% |
| Accounts Receivable | $600.0M+5.8% | $703.0M+5.4% | $665.0M+26.7% | $794.0M+22.0% | $567.0M+10.3% | $667.0M+31.6% | $525.0M+6.3% | $651.0M+9.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $411.0M0.0% | $411.0M0.0% | $411.0M0.0% | $411.0M0.0% | $411.0M0.0% | $411.0M0.0% | $411.0M0.0% | $411.0M0.0% |
| Total Liabilities | $37.5B+9.4% | $36.3B+8.5% | $35.1B+8.0% | $34.6B+10.1% | $34.3B+11.4% | $33.4B+12.0% | $32.5B+10.2% | $31.5B+10.2% |
| Current Liabilities | $5.0B+61.3% | $4.1B+44.1% | $3.9B+14.5% | $2.8B-21.4% | $3.1B-6.3% | $2.9B-18.3% | $3.4B+2.0% | $3.6B-11.2% |
| Non-Current Liabilities | $32.6B+4.2% | $32.2B+5.2% | $31.2B+7.2% | $31.8B+14.1% | $31.2B+13.5% | $30.6B+16.0% | $29.1B+11.2% | $27.9B+13.7% |
| Long-Term Debt | $19.1B+1.3% | $19.0B+3.5% | $18.2B+5.5% | $19.2B+16.7% | $18.8B+15.5% | $18.4B+21.0% | $17.3B+14.2% | $16.4B+18.8% |
| Total Equity | $13.7B+11.1% | $13.6B+10.9% | $13.4B+10.6% | $12.8B+8.0% | $12.3B+6.7% | $12.2B+6.8% | $12.1B+6.7% | $11.8B+7.2% |
| Retained Earnings | $5.5B+16.0% | $5.4B+15.7% | $5.3B+14.9% | $5.2B+14.3% | $4.8B+11.3% | $4.7B+11.4% | $4.6B+11.3% | $4.6B+10.4% |
AEE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $770.0M-10.7% | $421.0M-2.3% | $956.0M+17.0% | $1.1B+23.1% | $862.0M+54.8% | $431.0M-12.4% | $817.0M+53.3% | $897.0M-2.5% |
| Depreciation & Amortization | $424.0M+6.5% | $417.0M+5.6% | $413.0M+8.1% | $406.0M+6.3% | $398.0M+4.5% | $395.0M+4.2% | $382.0M+3.5% | $382.0M+6.1% |
| Stock-Based Compensation | N/A | $8.0M+14.3% | N/A | N/A | N/A | $7.0M-12.5% | N/A | N/A |
| Capital Expenditures | $1.1B+1.2% | $1.6B+47.9% | $1.0B-21.7% | $988.0M-13.1% | $1.1B+6.4% | $1.1B+19.6% | $1.3B+25.7% | $1.1B+51.8% |
| Free Cash Flow | -$309.0M-51.5% | -$1.2B-82.1% | -$54.0M+88.6% | $116.0M+148.3% | -$204.0M+54.2% | -$633.0M-59.0% | -$473.0M+4.1% | -$240.0M-240.4% |
| Investing Cash Flow | -$1.1B-6.6% | -$1.6B-48.5% | -$1.0B+23.5% | -$1.0B+14.7% | -$1.0B+0.2% | -$1.1B-20.0% | -$1.4B-18.2% | -$1.2B-53.1% |
| Financing Cash Flow | $307.0M+70.6% | $1.3B+78.7% | $62.0M-88.5% | -$62.0M-120.7% | $180.0M-56.6% | $704.0M+41.6% | $537.0M-15.4% | $300.0M+296.1% |
| Dividends Paid | $206.0M+6.7% | $208.0M+8.9% | $192.0M+7.3% | $192.0M+7.3% | $193.0M+8.4% | $191.0M+7.3% | $179.0M+7.8% | $179.0M+7.8% |
Not reported in any period shown, so not listed: Share Buybacks.
AEE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 21.9%+3.4pp | 24.4%+3.9pp | 20.2%+10.0pp | 30.6%+3.6pp | 18.5%-2.8pp | 20.5%+0.1pp | 10.2%-6.1pp | 27.0%-2.8pp |
| Net Margin | 15.1%+2.6pp | 16.4%+2.6pp | 14.2%+3.5pp | 23.8%+2.7pp | 12.5%-2.9pp | 13.8%-0.6pp | 10.7%+0.9pp | 21.0%-3.0pp |
| Return on Equity | 2.3%+0.1pp | 2.6%+0.3pp | 1.9%+0.2pp | 5.0%+1.2pp | 2.3%0.0pp | 2.4%+0.1pp | 1.7%+0.3pp | 3.9%-0.6pp |
| Return on Assets | 0.6%0.0pp | 0.7%+0.1pp | 0.5%0.0pp | 1.4%+0.3pp | 0.6%0.0pp | 0.6%0.0pp | 0.5%+0.1pp | 1.1%-0.2pp |
| Current Ratio | 0.53-0.3x | 0.62-0.2x | 0.660.0x | 0.93+0.3x | 0.80+0.1x | 0.86+0.3x | 0.660.0x | 0.63+0.1x |
| Debt-to-Equity | 1.39-0.1x | 1.40-0.1x | 1.36-0.1x | 1.50+0.1x | 1.53+0.1x | 1.50+0.2x | 1.43+0.1x | 1.39+0.1x |
| Asset Turnover | 0.040.0x | 0.040.0x | 0.040.0x | 0.060.0x | 0.050.0x | 0.050.0x | 0.040.0x | 0.050.0x |
| FCF Margin | -14.8%-5.6pp | -53.0%-22.8pp | -3.0%+21.3pp | 4.3%+15.3pp | -9.2%+17.1pp | -30.2%-8.3pp | -24.4%+6.1pp | -11.0%-19.3pp |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (0.66), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Ameren Corporation AEE | FY2025 | $8.8B | $1.5B | 16.6% | $29.4B | 48/100 |
| DTE Energy Company DTE | FY2025 | N/A | $1.5B | N/A | $27.0B | — |
| PPL Corporation PPL | FY2025 | $9.0B | $1.2B | 13.1% | $26.5B | 51/100 |
| WEC Energy Group, Inc. WEC | FY2025 | $9.8B | $1.6B | 15.9% | $35.4B | 42/100 |
| FirstEnergy Corp. FE | FY2025 | $15.1B | $1.0B | 6.8% | $26.7B | 43/100 |
Where Ameren Corporation Ranks
Frequently Asked Questions
What is Ameren Corporation's annual revenue?
Ameren Corporation (AEE) reported $8.8B in total revenue for fiscal year 2025. This represents a 15.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ameren Corporation's revenue growing?
Ameren Corporation (AEE) revenue grew by 15.4% year-over-year, from $7.6B to $8.8B in fiscal year 2025.
Is Ameren Corporation profitable?
Yes, Ameren Corporation (AEE) reported a net income of $1.5B in fiscal year 2025, with a net profit margin of 16.6%.
What is Ameren Corporation's EBITDA?
Ameren Corporation (AEE) had EBITDA of $3.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Ameren Corporation have?
As of fiscal year 2025, Ameren Corporation (AEE) had $13.0M in cash and equivalents against $18.2B in long-term debt.
What is Ameren Corporation's operating margin?
Ameren Corporation (AEE) had an operating margin of 23.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Ameren Corporation's net profit margin?
Ameren Corporation (AEE) had a net profit margin of 16.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Ameren Corporation pay dividends?
Yes, Ameren Corporation (AEE) paid $2.84 per share in dividends during fiscal year 2025.
What is Ameren Corporation's return on equity (ROE)?
Ameren Corporation (AEE) has a return on equity of 10.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ameren Corporation's free cash flow?
Ameren Corporation (AEE) recorded an outflow of $775.0M in free cash flow during fiscal year 2025. This represents a 50.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ameren Corporation's operating cash flow?
Ameren Corporation (AEE) generated $3.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ameren Corporation's total assets?
Ameren Corporation (AEE) had $48.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ameren Corporation's capital expenditures?
Ameren Corporation (AEE) invested $4.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Ameren Corporation's current ratio?
Ameren Corporation (AEE) had a current ratio of 0.66 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Ameren Corporation's debt-to-equity ratio?
Ameren Corporation (AEE) had a debt-to-equity ratio of 1.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ameren Corporation's return on assets (ROA)?
Ameren Corporation (AEE) had a return on assets of 3.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ameren Corporation's P/E ratio?
Ameren Corporation (AEE) trades at 18.7x earnings, its market capitalization divided by net income of $1.6B net income, trailing 12 months to June 30, 2026. The market capitalization is $29.4B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Ameren Corporation's price-to-sales ratio?
Ameren Corporation (AEE) trades at 3.4x sales, its market capitalization divided by revenue of $8.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $29.4B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Ameren Corporation's Altman Z-Score?
Ameren Corporation (AEE) has an Altman Z-Score of 0.94, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Ameren Corporation's Piotroski F-Score?
Ameren Corporation (AEE) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ameren Corporation's earnings high quality?
Ameren Corporation (AEE) has an earnings quality ratio of 2.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ameren Corporation cover its interest payments?
Ameren Corporation (AEE) has an interest coverage ratio of 2.61x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ameren Corporation?
Ameren Corporation (AEE) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.