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Americn Electric Financials

AEP
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Americn Electric (AEP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 51 / 100
Financial Profile 51/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
76

Americn Electric has an operating margin of 24.3%, meaning the company retains $24 of operating profit per $100 of revenue. This strong profitability earns a score of 76/100, reflecting efficient cost management and pricing power. This is up from 21.8% the prior year.

Growth
52

Americn Electric's revenue grew 10.9% year-over-year to $21.9B, a solid pace of expansion. This earns a growth score of 52/100.

Leverage
73

Americn Electric carries a low D/E ratio of 1.42, meaning only $1.42 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 73/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
3

Americn Electric's current ratio of 0.45 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 3/100, which could limit financial flexibility.

Cash Flow
65

Americn Electric converts 16.0% of revenue into free cash flow ($3.5B). This strong cash generation earns a score of 65/100.

Returns
37

Americn Electric's ROE of 11.9% shows moderate profitability relative to equity, earning a score of 37/100. This is up from 11.1% the prior year.

Altman Z-Score Distress
0.98

Americn Electric scores 0.98, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($72.1B) relative to total liabilities ($82.2B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral
5/9

Americn Electric passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.88x

For every $1 of reported earnings, Americn Electric generates $1.88 in operating cash flow ($6.9B OCF vs $3.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
2.6x

Americn Electric earns $2.6 in operating income for every $1 of interest expense ($5.3B vs $2.0B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$21.9B
YoY+10.9%
5Y CAGR+8.0%
10Y CAGR+2.9%

Americn Electric generated $21.9B in revenue in fiscal year 2025. This represents an increase of 10.9% from the prior year.

EBITDA
$8.6B
YoY+16.0%
5Y CAGR+9.3%
10Y CAGR+5.6%

Americn Electric's EBITDA was $8.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.0% from the prior year.

Net Income
$3.7B
YoY+24.2%
5Y CAGR+11.0%
10Y CAGR+6.1%

Americn Electric reported $3.7B in net income in fiscal year 2025. This represents an increase of 24.2% from the prior year.

EPS (Diluted)
$6.66
YoY+19.4%
5Y CAGR+8.5%
10Y CAGR+4.8%

Americn Electric earned $6.66 per diluted share (EPS) in fiscal year 2025. This represents an increase of 19.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$3.5B
YoY-45.5%
5Y CAGR-1.9%
10Y CAGR-3.0%

Americn Electric generated $3.5B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 45.5% from the prior year.

Cash & Debt
$197.0M
YoY-3.0%
5Y CAGR-12.9%
10Y CAGR+1.1%

Americn Electric held $197.0M in cash against $44.1B in long-term debt as of fiscal year 2025.

Dividends Per Share
$3.74
YoY+4.8%
5Y CAGR+5.7%
10Y CAGR+5.7%

Americn Electric paid $3.74 per share in dividends in fiscal year 2025. This represents an increase of 4.8% from the prior year.

Shares Outstanding
541M
YoY+1.5%
5Y CAGR+1.7%
10Y CAGR+1.0%

Americn Electric had 541M shares outstanding in fiscal year 2025. This represents an increase of 1.5% from the prior year.

Margins & Returns

Gross Margin
67.9%
YoY-2.0pp

Americn Electric's gross margin was 67.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.0 percentage points from the prior year.

Operating Margin
24.3%
YoY+2.5pp
5Y CAGR+4.3pp
10Y CAGR+4.1pp

Americn Electric's operating margin was 24.3% in fiscal year 2025, reflecting core business profitability. This is up 2.5 percentage points from the prior year.

Net Margin
16.9%
YoY+1.8pp
5Y CAGR+2.2pp
10Y CAGR+4.4pp

Americn Electric's net profit margin was 16.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.8 percentage points from the prior year.

Return on Equity
11.9%
YoY+0.8pp
5Y CAGR+1.2pp
10Y CAGR+0.4pp

Americn Electric's ROE was 11.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$3.5B
YoY+765.4%
10Y CAGR+91.2%

Americn Electric invested $3.5B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 765.4% from the prior year.

AEP Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $5.3B-11.6% $6.0B+18.2% $5.1B-6.9% $5.5B+16.3% $4.7B-13.4% $5.4B+18.4% $4.6B-8.9% $5.0B
Cost of Revenue $1.7B-16.3% $2.0B+28.5% $1.5B-16.8% $1.9B+39.1% $1.3B-19.7% $1.7B+21.2% $1.4B-13.2% $1.6B
Gross Profit $3.7B-9.2% $4.0B+13.7% $3.5B-1.8% $3.6B+7.3% $3.4B-10.6% $3.8B+17.1% $3.2B-6.9% $3.4B
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income $1.1B-26.8% $1.5B+8.7% $1.4B+8.9% $1.3B+17.2% $1.1B-18.9% $1.4B+97.6% $683.9M-41.7% $1.2B
Interest Expense $533.1M+4.8% $508.5M+3.9% $489.5M-1.1% $494.9M+6.9% $463.0M-7.2% $498.8M+7.1% $465.6M+6.9% $435.6M
Income Tax $115.7M-16.6% $138.7M+155.3% -$250.9M-299.9% $125.5M+113.8% $58.7M+56.5% $37.5M+459.7% $6.7M+104.7% -$141.9M
Net Income $605.2M-39.5% $1.0B-22.4% $1.3B+60.6% $802.2M+20.4% $666.1M-30.7% $961.7M+180.8% $342.5M-65.9% $1.0B
EPS (Diluted) N/A $1.81-21.0% $2.29+52.7% $1.50 N/A $1.80+181.3% $0.64-66.3% $1.90

AEP Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $114.5B+3.8% $110.3B+2.3% $107.8B+3.2% $104.4B+1.3% $103.1B+3.0% $100.1B+0.5% $99.6B+1.9% $97.7B
Current Assets $6.1B-11.8% $6.9B+8.5% $6.3B+6.5% $5.9B+2.6% $5.8B-3.8% $6.0B-9.5% $6.7B+13.7% $5.8B
Cash & Equivalents $197.0M-81.5% $1.1B+369.7% $227.3M-11.5% $256.8M+26.5% $203.0M-17.4% $245.8M+21.4% $202.5M-12.2% $230.7M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $2.9B+1.2% $2.8B+1.3% $2.8B+6.8% $2.6B-0.5% $2.6B+1.3% $2.6B-2.1% $2.7B+9.8% $2.4B
Goodwill $53.0M+1.0% $52.5M0.0% $52.5M0.0% $52.5M-0.9% $53.0M+1.0% $52.5M0.0% $52.5M0.0% $52.5M
Total Liabilities $82.2B+4.4% $78.7B+2.5% $76.8B-0.3% $77.0B+1.2% $76.1B+3.6% $73.4B0.0% $73.4B+2.1% $71.8B
Current Liabilities $13.3B+33.2% $10.0B-12.6% $11.4B-19.7% $14.2B+9.5% $13.0B+22.2% $10.6B+4.8% $10.2B-6.8% $10.9B
Long-Term Debt $44.1B-0.3% $44.2B+7.1% $41.3B+6.4% $38.8B-1.3% $39.3B+0.4% $39.1B-2.1% $40.0B+3.5% $38.6B
Total Equity $31.1B+2.5% $30.4B+1.7% $29.9B+9.3% $27.3B+1.4% $26.9B+1.2% $26.6B+1.8% $26.1B+1.3% $25.8B
Retained Earnings $15.4B+0.5% $15.4B+3.2% $14.9B+5.1% $14.2B+2.2% $13.9B+1.2% $13.7B+3.7% $13.2B-0.9% $13.3B

AEP Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $1.8B-26.3% $2.5B+101.4% $1.2B-15.8% $1.4B-16.0% $1.7B-20.5% $2.2B+48.6% $1.5B+1.4% $1.4B
Capital Expenditures $1.8B+502.6% $298.0M N/A N/A $399.0M $0 N/A N/A
Free Cash Flow $17.5M-99.2% $2.2B N/A N/A $1.3B-38.9% $2.2B N/A N/A
Investing Cash Flow -$4.2B-74.4% -$2.4B+26.0% -$3.2B-54.4% -$2.1B+25.6% -$2.8B-86.0% -$1.5B+3.8% -$1.6B+5.3% -$1.7B
Financing Cash Flow $1.5B+99.6% $770.3M-61.7% $2.0B+188.1% $698.0M-33.3% $1.0B+273.9% -$601.6M-812.0% $84.5M-34.9% $129.9M
Dividends Paid $510.1M+2.6% $497.4M-0.4% $499.5M-0.3% $501.0M+1.2% $495.3M+6.1% $466.7M-0.5% $469.1M+0.5% $466.9M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

AEP Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 68.8%+1.8pp 67.0%-2.6pp 69.7%+3.6pp 66.1%-5.5pp 71.6%+2.2pp 69.4%-0.7pp 70.1%+1.5pp 68.7%
Operating Margin 21.0%-4.3pp 25.3%-2.2pp 27.5%+4.0pp 23.5%+0.2pp 23.3%-1.6pp 24.9%+10.0pp 14.9%-8.4pp 23.3%
Net Margin 11.4%-5.2pp 16.6%-8.7pp 25.3%+10.7pp 14.7%+0.5pp 14.2%-3.6pp 17.7%+10.3pp 7.5%-12.5pp 20.0%
Return on Equity 1.9%-1.3pp 3.3%-1.0pp 4.3%+1.4pp 2.9%+0.5pp 2.5%-1.1pp 3.6%+2.3pp 1.3%-2.6pp 3.9%
Return on Assets 0.5%-0.4pp 0.9%-0.3pp 1.2%+0.4pp 0.8%+0.1pp 0.7%-0.3pp 1.0%+0.6pp 0.3%-0.7pp 1.0%
Current Ratio 0.45-0.2 0.69+0.1 0.55+0.1 0.42-0.0 0.45-0.1 0.57-0.1 0.65+0.1 0.54
Debt-to-Equity 1.42-0.0 1.46+0.1 1.38-0.0 1.42-0.0 1.46-0.0 1.47-0.1 1.53+0.0 1.50
FCF Margin 0.3%-35.6pp 36.0% N/A N/A 28.3%-11.8pp 40.1% N/A N/A

Note: The current ratio is below 1.0 (0.45), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Americn Electric (AEP) reported $21.9B in total revenue for fiscal year 2025. This represents a 10.9% 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.

Americn Electric (AEP) revenue grew by 10.9% year-over-year, from $19.7B to $21.9B in fiscal year 2025.

Yes, Americn Electric (AEP) reported a net income of $3.7B in fiscal year 2025, with a net profit margin of 16.9%.

Americn Electric (AEP) reported diluted earnings per share of $6.66 for fiscal year 2025. This represents a 19.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Americn Electric (AEP) had EBITDA of $8.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Americn Electric (AEP) had $197.0M in cash and equivalents against $44.1B in long-term debt.

Americn Electric (AEP) had a gross margin of 67.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Americn Electric (AEP) had an operating margin of 24.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Americn Electric (AEP) had a net profit margin of 16.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Americn Electric (AEP) paid $3.74 per share in dividends during fiscal year 2025.

Americn Electric (AEP) has a return on equity of 11.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Americn Electric (AEP) generated $3.5B in free cash flow during fiscal year 2025. This represents a -45.5% 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.

Americn Electric (AEP) generated $6.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Americn Electric (AEP) had $114.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Americn Electric (AEP) invested $3.5B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Americn Electric (AEP) had 541M shares outstanding as of fiscal year 2025.

Americn Electric (AEP) had a current ratio of 0.45 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Americn Electric (AEP) had a debt-to-equity ratio of 1.42 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Americn Electric (AEP) had a return on assets of 3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Americn Electric (AEP) has an Altman Z-Score of 0.98, 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.

Americn Electric (AEP) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Americn Electric (AEP) has an earnings quality ratio of 1.88x, 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.

Americn Electric (AEP) has an interest coverage ratio of 2.6x, 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.

Americn Electric (AEP) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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