What is American Electric Power Company, Inc.'s earnings per share (EPS)?

American Electric Power Company, Inc. (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.

American Electric Power Company, Inc. (AEP) Financials

AEP

Trailing 12 months to March 31, 2026

Revenue $22.4B +11.3% YoY

Net Income $3.8B +37.0% YoY

EPS (Diluted) $6.77 +30.7% YoY

Free Cash Flow $2.6B YoY not available

Market Cap $68.7B as of Oct 14, 2026

Price / Sales 3.1x on $22.4B revenue, trailing 12 months to March 31, 2026

Price / Earnings 18.1x on $3.8B net income, trailing 12 months to March 31, 2026

Price / Book 2.2x on $31.8B equity, Q1 FY2026

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 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AEP SEC filings page.

American Electric Power Company, Inc. (AEP) reported $22.4B in revenue over the twelve months to Mar 31, 2026, up 11.3% 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).

Rhea AI AEP FY2025 2026-10-03

Higher margins are converting more revenue into operating cash, but infrastructure investment is absorbing much of that improvement.

Operating margin expanded from 18.7% in FY2023 to 24.3% in FY2025, indicating that recent growth has produced more operating profit per dollar of revenue. Yet FY2025 free cash flow fell to $3.5B as capital spending reached $3.5B, so the margin improvement is not translating proportionally into cash available after reinvestment.

The balance sheet is expanding alongside investment: assets reached $114.5B while long-term debt reached $44.1B in FY2025. Debt-to-equity nevertheless eased to 1.4x from 1.5x in FY2023, indicating equity grew faster than debt despite heavier borrowing.

A FY2025 current ratio of 0.5x means near-term obligations materially exceed current assets, leaving the business structured around recurring cash generation and financing rather than a large liquid cushion. The FY2025 financing inflow of $5.0B alongside $11.9B of investing outflow shows expansion was not funded by operations alone.

Financial Health Signals

Financial Health Score 55/100

Scored as: Utilities peer group

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 American Electric Power Company, Inc.'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.

Profitability

American Electric Power Company, Inc. 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 66/100, reflecting efficient cost management and pricing power. This is up from 21.8% the prior year.

Growth

American Electric Power Company, Inc.'s revenue grew 10.9% year-over-year to $21.9B, a solid pace of expansion. This earns a growth score of 68/100.

Leverage

American Electric Power Company, Inc. has elevated debt relative to equity (D/E of 1.42), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 27/100, reflecting increased financial risk.

Liquidity

American Electric Power Company, Inc.'s current ratio of 0.45 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

American Electric Power Company, Inc. converts 16.0% of revenue into free cash flow ($3.5B). This strong cash generation earns a score of 99/100.

Returns

American Electric Power Company, Inc.'s ROE of 11.9% shows moderate profitability relative to equity, earning a score of 60/100. This is up from 11.1% the prior year.

Altman Z-Score Distress

0.96

American Electric Power Company, Inc. scores 0.96, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($68.7B) relative to total liabilities ($82.2B). 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.

Piotroski F-Score Neutral

5/9

American Electric Power Company, Inc. 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, American Electric Power Company, Inc. 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

2.63x

American Electric Power Company, Inc. earns $2.63 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

$6.0B

YoY+10.2%

QoQ+13.2%

5Y CAGR+7.1%

10Y CAGR+4.1%

American Electric Power Company, Inc. generated $6.0B in revenue in Q1 2026. This represents an increase of 10.2% from the same quarter a year earlier. Against the prior quarter it is up 13.2%.

Net Income

$903.0M

YoY+12.6%

QoQ+49.2%

5Y CAGR+9.3%

10Y CAGR+6.0%

American Electric Power Company, Inc. reported $903.0M in net income in Q1 2026. This represents an increase of 12.6% from the same quarter a year earlier. Against the prior quarter it is up 49.2%.

EPS (Diluted)

$1.60

YoY+6.7%

QoQ+49.5%

5Y CAGR+6.8%

10Y CAGR+4.6%

American Electric Power Company, Inc. earned $1.60 per diluted share (EPS) in Q1 2026. This represents an increase of 6.7% from the same quarter a year earlier. Against the prior quarter it is up 49.5%.

EBITDA

Not reported for Q1 2026.

Cash & Balance Sheet

Free Cash Flow

$554.0M

YoY-61.8%

QoQ+3065.7%

American Electric Power Company, Inc. generated $554.0M in free cash flow in Q1 2026, representing cash available after capex. This represents a decrease of 61.8% from the same quarter a year earlier. Against the prior quarter it is up 3065.7%.

Cash & Debt

$306.0M

YoY+19.2%

QoQ+55.3%

5Y CAGR+2.3%

10Y CAGR+4.9%

American Electric Power Company, Inc. held $306.0M in cash against $46.9B in long-term debt as of Q1 2026.

Shares Outstanding

544M

YoY+1.9%

QoQ+0.6%

5Y CAGR+1.7%

10Y CAGR+1.0%

American Electric Power Company, Inc. had 544M shares outstanding in Q1 2026. This represents an increase of 1.9% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Gross Margin

64.8%

YoY-1.3pp

QoQ-4.0pp

American Electric Power Company, Inc.'s gross margin was 64.8% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.0 percentage points.

Operating Margin

22.6%

YoY-0.9pp

QoQ+1.6pp

5Y change+3.7pp

10Y change+0.5pp

American Electric Power Company, Inc.'s operating margin was 22.6% in Q1 2026, reflecting core business profitability. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.

Net Margin

15.0%

YoY+0.3pp

QoQ+3.6pp

5Y change+1.5pp

10Y change+2.6pp

American Electric Power Company, Inc.'s net profit margin was 15.0% in Q1 2026, showing the share of revenue converted to profit. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.6 percentage points.

Return on Equity

2.8%

YoY-0.1pp

QoQ+0.9pp

5Y change+0.1pp

10Y change+0.1pp

American Electric Power Company, Inc.'s ROE was 2.8% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.

Capital Allocation

Capital Expenditures

$965.0M

QoQ-46.3%

American Electric Power Company, Inc. invested $965.0M in capex in Q1 2026, funding long-term assets and infrastructure. Against the prior quarter it is down 46.3%.

R&D Spending

Not reported for Q1 2026.

Share Buybacks

Not reported for Q1 2026.

AEP 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.

AEP quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$22.4B	$21.9B+10.9%	$19.7B+3.9%	$19.0B-3.3%	$19.6B+17.0%	$16.8B+12.6%	$14.9B-4.1%	$15.6B-3.9%	$16.2B+5.0%	$15.4B-5.8%	$16.4B-0.4%	$16.5B+0.5%	$16.4B+10.6%	$14.8B-0.9%	$14.9B-1.1%	$15.1B
Cost of Revenue	$7.3B	$7.0B+18.4%	$5.9B-9.8%	$6.6B-7.3%	$7.1B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$15.1B	$14.8B+7.7%	$13.8B+11.1%	$12.4B-1.1%	$12.5B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$5.4B	$5.3B+23.6%	$4.3B+21.0%	$3.6B+2.1%	$3.5B+2.1%	$3.4B+14.2%	$3.0B+15.3%	$2.6B-3.4%	$2.7B-23.9%	$3.5B+202.9%	$1.2B-65.1%	$3.3B+6.6%	$3.1B+10.8%	$2.8B+6.3%	$2.7B-4.5%	$2.8B
EBITDA	N/A	$8.6B+16.0%	$7.5B+15.0%	$6.5B-1.1%	$6.6B+5.7%	$6.2B+12.0%	$5.5B+13.8%	$4.9B+3.3%	$4.7B-11.1%	$5.3B+85.7%	$2.9B-43.0%	$5.0B+6.5%	$4.7B+10.0%	$4.3B+2.0%	$4.2B	N/A
Interest Expense	$2.1B	$2.0B+8.7%	$1.9B+3.1%	$1.8B+29.4%	$1.4B+16.4%	$1.2B+2.9%	$1.2B+8.7%	$1.1B+8.9%	$984.4M+10.0%	$895.0M+2.0%	$877.2M+0.4%	$873.9M+0.7%	$868.0M-2.5%	$890.0M-9.9%	$988.0M+5.9%	$933.0M
Income Tax	$48.0M	$129.0M+430.8%	-$39.0M-170.9%	$55.0M+918.5%	$5.4M-95.3%	$115.5M+185.2%	$40.5M+414.0%	-$12.9M-111.2%	$115.3M-88.1%	$969.7M+1415.7%	-$73.7M-108.0%	$919.6M+1.9%	$902.6M+33.2%	$677.7M+12.2%	$604.0M-26.2%	$818.0M
Net Income	$3.8B	$3.7B+24.2%	$3.0B+34.5%	$2.2B-4.0%	$2.3B-7.3%	$2.5B+13.3%	$2.2B+14.4%	$1.9B-0.6%	$1.9B+0.1%	$1.9B+212.1%	$618.0M-69.9%	$2.1B+25.3%	$1.6B+10.7%	$1.5B+17.6%	$1.3B-35.3%	$1.9B
EPS (Basic)	N/A	$6.70+19.6%	$5.60+31.5%	$4.26-5.5%	$4.51-9.3%	$4.97+11.9%	$4.44+14.1%	$3.89-0.3%	$3.90+0.3%	$3.89+213.7%	$1.24-70.3%	$4.17+24.9%	$3.34+9.9%	$3.04+16.9%	$2.60-35.3%	$4.02
EPS (Diluted)	$6.77	$6.66+19.4%	$5.58+31.6%	$4.24-5.6%	$4.49-9.5%	$4.96+12.2%	$4.42+13.9%	$3.88-0.5%	$3.90+0.5%	$3.88+212.9%	$1.24-70.3%	$4.17+24.9%	$3.34+9.9%	$3.04+16.9%	$2.60-35.3%	$4.02
Diluted Shares (Avg)	N/A	537M+1.2%	531M+2.1%	520M+1.3%	513M+2.3%	502M+0.9%	497M+0.4%	495M+0.3%	494M+0.2%	493M+0.2%	492M+0.2%	491M+0.3%	489M+0.4%	487M+0.4%	485M+0.5%	482M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$6.0B+10.2%	$5.3B+13.2%	$6.0B+10.9%	$5.1B+11.1%	$5.5B+8.7%	$4.7B+2.6%	$5.4B+1.5%	$4.6B+4.7%
Cost of Revenue	$2.1B+14.3%	$1.7B+24.3%	$2.0B+19.3%	$1.5B+12.6%	$1.9B+17.6%	$1.3B	$1.7B	$1.4B
Gross Profit	$3.9B+8.1%	$3.7B+8.8%	$4.0B+7.2%	$3.5B+10.4%	$3.6B+4.6%	$3.4B	$3.8B	$3.2B
Operating Income	$1.4B+5.9%	$1.1B+1.7%	$1.5B+12.6%	$1.4B+104.6%	$1.3B+9.5%	$1.1B+75.9%	$1.4B-0.1%	$683.9M-21.8%
Interest Expense	$552.0M+11.5%	$533.0M+15.1%	$508.5M+1.9%	$489.5M+5.1%	$495.0M+13.6%	$463.0M+0.5%	$498.8M+6.1%	$465.6M+1.2%
Income Tax	$44.0M-64.8%	$116.2M+98.0%	$138.7M+269.9%	-$250.9M-3844.8%	$125.0M+188.1%	$58.7M+221.8%	$37.5M-41.6%	$6.7M-76.6%
Net Income	$903.0M+12.6%	$605.4M-9.1%	$1.0B+4.0%	$1.3B+276.1%	$802.0M-20.3%	$666.1M+97.0%	$961.7M+0.4%	$342.5M-33.6%
EPS (Basic)	$1.61+7.3%	$1.09-12.8%	$1.82+1.1%	$2.29+257.8%	$1.50-21.5%	$1.25+95.3%	$1.80-1.6%	$0.64-36.6%
EPS (Diluted)	$1.60+6.7%	$1.07-13.7%	$1.81+0.6%	$2.29+257.8%	$1.50-21.1%	$1.24+100.0%	$1.80-1.6%	$0.64-36.6%
Diluted Shares (Avg)	547M+2.3%	N/A	538M+0.8%	536M+1.2%	535M+1.3%	N/A	534M+2.3%	530M+2.7%

Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, EBITDA.

AEP Balance Sheet

AEP quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$114.5B+11.0%	$103.1B+6.6%	$96.7B+3.5%	$93.4B+6.5%	$87.7B+8.6%	$80.8B+6.4%	$75.9B+10.3%	$68.8B+6.3%	$64.7B+2.0%	$63.5B+2.9%	$61.7B+3.6%	$59.5B+5.7%	$56.3B+3.6%	$54.4B+4.1%	$52.2B
Current Assets	$6.1B+4.5%	$5.8B-4.8%	$6.1B-10.2%	$6.8B+35.9%	$5.0B+14.5%	$4.4B+6.7%	$4.1B-0.9%	$4.1B-3.3%	$4.3B-29.5%	$6.0B+48.2%	$4.1B-9.1%	$4.5B+3.9%	$4.3B-6.1%	$4.6B+9.7%	$4.2B
Cash & Equivalents	$197.0M-3.0%	$203.0M-38.5%	$330.1M-35.2%	$509.4M+26.3%	$403.4M+2.7%	$392.7M+59.1%	$246.8M+5.4%	$234.1M+9.1%	$214.6M+1.9%	$210.5M+19.3%	$176.4M+8.6%	$162.5M+38.3%	$117.5M-57.8%	$278.7M+26.1%	$221.0M
Short-Term Investments	$220.0M+2.3%	$215.0M+0.3%	$214.3M+14.2%	$187.6M-14.9%	$220.4M+9.8%	$200.8M-0.9%	$202.7M+27.4%	$159.1M-1.6%	$161.7M+16.6%	$138.7M-64.1%	$386.8M+0.3%	$385.6M+9.2%	$353.0M+9.0%	$324.0M+10.2%	$294.0M
Accounts Receivable	$2.9B+8.9%	$2.6B+7.5%	$2.4B-8.3%	$2.7B+35.1%	$2.0B+7.2%	$1.8B+8.1%	$1.7B-11.5%	$1.9B+1.9%	$1.9B-1.3%	$1.9B+16.8%	$1.6B-10.6%	$1.8B-1.3%	$1.9B-0.6%	$1.9B+2.0%	$1.8B
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$53.0M0.0%	$53.0M+1.0%	$52.5M0.0%	$52.5M0.0%	$52.5M0.0%	$52.5M0.0%	$52.5M0.0%	$52.5M0.0%	$52.5M0.0%	$52.5M0.0%	$52.5M-42.5%	$91.3M+0.3%	$91.0M0.0%	$91.0M+19.7%	$76.0M
Total Liabilities	$82.2B+8.1%	$76.1B+6.6%	$71.4B+3.1%	$69.2B+6.6%	$64.9B+8.4%	$59.9B+7.3%	$55.9B+12.6%	$49.6B+7.0%	$46.4B+0.8%	$46.0B+5.2%	$43.8B+2.5%	$42.7B+5.9%	$40.3B+3.1%	$39.1B+4.2%	$37.6B
Current Liabilities	$13.3B+2.3%	$13.0B+12.3%	$11.6B-12.7%	$13.3B+21.6%	$10.9B+9.9%	$9.9B-3.6%	$10.3B+19.1%	$8.6B+4.6%	$8.3B-12.9%	$9.5B+33.6%	$7.1B-10.8%	$8.0B+30.3%	$6.1B-10.4%	$6.8B+3.2%	$6.6B
Non-Current Liabilities	$68.9B+9.3%	$63.0B+5.5%	$59.8B+6.8%	$56.0B+3.6%	$54.0B+8.1%	$50.0B+9.7%	$45.6B+11.2%	$41.0B+7.5%	$38.1B+4.3%	$36.5B-0.3%	$36.7B+5.5%	$34.8B+1.6%	$34.2B+5.9%	$32.3B+4.4%	$30.9B
Long-Term Debt	$44.1B+12.3%	$39.3B+4.4%	$37.7B+9.7%	$34.3B+6.6%	$32.2B+11.1%	$29.0B+15.4%	$25.1B+16.1%	$21.6B+11.5%	$19.4B+11.7%	$17.4B-2.0%	$17.7B+10.8%	$16.0B-4.8%	$16.8B+8.0%	$15.6B+3.3%	$15.1B
Total Equity	$31.1B+15.6%	$26.9B+6.7%	$25.2B+5.7%	$23.9B+6.5%	$22.4B+9.2%	$20.6B+4.7%	$19.6B+3.2%	$19.0B+4.1%	$18.3B+5.1%	$17.4B-2.8%	$17.9B+6.4%	$16.8B+4.6%	$16.1B+5.6%	$15.2B+3.9%	$14.7B
Retained Earnings	$15.4B+11.3%	$13.9B+8.3%	$12.8B+3.7%	$12.3B+5.8%	$11.7B+9.2%	$10.7B+7.9%	$9.9B+6.2%	$9.3B+8.1%	$8.6B+9.3%	$7.9B-6.0%	$8.4B+13.4%	$7.4B+9.5%	$6.8B+8.5%	$6.2B+5.9%	$5.9B

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$117.8B+12.8%	$114.5B+11.0%	$110.3B+10.1%	$107.8B+8.2%	$104.4B+6.8%	$103.1B+6.6%	$100.1B+5.2%	$99.6B+3.8%
Current Assets	$6.6B+11.6%	$6.1B+4.5%	$6.9B+13.9%	$6.3B-5.0%	$5.9B+1.5%	$5.8B-4.8%	$6.0B-10.6%	$6.7B-17.3%
Cash & Equivalents	$306.0M+19.2%	$197.0M-3.0%	$1.1B+334.4%	$227.3M+12.2%	$256.8M+11.3%	$203.0M-38.5%	$245.8M-30.4%	$202.5M-33.6%
Short-Term Investments	$210.0M+1.5%	$220.0M+2.3%	$225.4M-1.4%	$212.0M-6.1%	$206.8M-4.7%	$215.0M+0.3%	$228.6M+8.3%	$225.7M+11.5%
Accounts Receivable	$3.0B+13.4%	$2.9B+8.9%	$2.8B+9.1%	$2.8B+5.5%	$2.6B+8.4%	$2.6B+7.5%	$2.6B+1.3%	$2.7B+11.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$53.0M+1.0%	$53.0M0.0%	$52.5M0.0%	$52.5M0.0%	$52.5M0.0%	$53.0M+1.0%	$52.5M0.0%	$52.5M0.0%
Total Liabilities	$84.7B+10.1%	$82.2B+8.1%	$78.7B+7.2%	$76.8B+4.6%	$77.0B+7.1%	$76.1B+6.6%	$73.4B+5.3%	$73.4B+2.2%
Current Liabilities	$12.6B-11.6%	$13.3B+2.3%	$10.0B-6.1%	$11.4B+12.6%	$14.2B+30.6%	$13.0B+12.3%	$10.6B-5.6%	$10.2B-23.4%
Non-Current Liabilities	$72.2B+15.0%	$68.9B+9.3%	$68.7B+9.5%	$65.3B+3.3%	$62.7B+3.0%	$63.0B+5.5%	$62.7B+7.4%	$63.2B+8.0%
Long-Term Debt	$46.9B+20.7%	$44.1B+12.3%	$44.2B+13.0%	$41.3B+3.3%	$38.8B+0.4%	$39.3B+4.4%	$39.1B+6.6%	$40.0B+8.8%
Total Equity	$31.8B+16.4%	$31.1B+15.6%	$30.4B+14.2%	$29.9B+14.3%	$27.3B+5.9%	$26.9B+6.7%	$26.6B+5.2%	$26.1B+9.3%
Retained Earnings	$15.8B+11.5%	$15.4B+11.3%	$15.4B+12.2%	$14.9B+12.8%	$14.2B+6.2%	$13.9B+8.3%	$13.7B+6.0%	$13.2B+6.5%

Not reported in any period shown, so not listed: Inventory.

AEP Cash Flow Statement

AEP quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$7.0B	$6.9B+2.1%	$6.8B+35.8%	$5.0B-5.2%	$5.3B+37.7%	$3.8B+0.2%	$3.8B-10.2%	$4.3B-18.2%	$5.2B+22.3%	$4.3B-5.6%	$4.5B-4.8%	$4.7B+3.2%	$4.6B+12.4%	$4.1B+7.7%	$3.8B+0.4%	$3.8B
Depreciation & Amortization	N/A	$3.3B+5.6%	$3.1B+7.6%	$2.9B-4.7%	$3.1B+10.1%	$2.8B+9.5%	$2.5B+12.1%	$2.3B+12.2%	$2.0B+14.2%	$1.8B+5.0%	$1.7B+0.8%	$1.7B+6.2%	$1.6B+8.5%	$1.5B-5.4%	$1.5B	N/A
Stock-Based Compensation	N/A	$53.0M0.0%	$53.0M+3.9%	$51.0M-19.4%	$63.3M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	$4.4B	$3.5B+765.4%	$399.0M+157.4%	$155.0M	N/A	N/A	$0-100.0%	$918.4M	$0	$0-100.0%	$107.9M+1935.8%	$5.3M-91.8%	$64.8M+102.5%	$32.0M-66.0%	$94.0M+394.7%	$19.0M
Free Cash Flow	$2.6B	$3.5B-45.5%	$6.4B+31.9%	$4.9B	N/A	N/A	$3.8B+14.4%	$3.4B-35.8%	$5.2B+22.3%	$4.3B-3.3%	$4.4B-6.9%	$4.7B+4.5%	$4.5B+11.6%	$4.1B+9.5%	$3.7B-1.6%	$3.8B
Investing Cash Flow	-$13.4B	-$11.9B-57.2%	-$7.6B-21.2%	-$6.3B+19.2%	-$7.8B-20.5%	-$6.4B-3.2%	-$6.2B+12.7%	-$7.1B-12.4%	-$6.4B-73.8%	-$3.7B+26.7%	-$5.0B-9.3%	-$4.6B-3.6%	-$4.4B-15.4%	-$3.8B-12.6%	-$3.4B-17.3%	-$2.9B
Financing Cash Flow	$6.4B	$5.0B+661.3%	$659.0M-38.8%	$1.1B-58.1%	$2.6B-1.5%	$2.6B+8.3%	$2.4B-15.9%	$2.9B+146.4%	$1.2B+292.1%	-$604.9M-220.0%	$503.9M+176.2%	-$661.7M-338.5%	-$150.9M+65.6%	-$438.7M-23.6%	-$355.0M+63.4%	-$971.0M
Dividends Paid	$2.0B	$2.0B+5.8%	$1.9B+8.3%	$1.8B+6.5%	$1.6B+208.3%	-$1.5B-206.6%	$1.4B+5.5%	$1.4B+7.5%	$1.3B+5.3%	$1.2B+6.3%	$1.1B+5.9%	$1.1B+6.2%	$997.6M+4.5%	$954.3M+4.2%	$916.0M+2.0%	$898.0M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$1.5B+4.8%	$1.8B+5.0%	$2.5B+13.2%	$1.2B-16.5%	$1.4B+0.5%	$1.7B+29.2%	$2.2B+21.1%	$1.5B+25.6%
Capital Expenditures	$965.0M	$1.8B+350.1%	$298.0M	$1.4B	$0	$399.0M	$0	N/A
Free Cash Flow	$554.0M-61.8%	$17.5M-98.7%	$2.2B-0.5%	-$138.2M	$1.4B	$1.3B	$2.2B	N/A
Investing Cash Flow	-$3.6B-69.8%	-$4.2B-48.2%	-$2.4B-58.0%	-$3.2B-105.3%	-$2.1B-25.9%	-$2.8B-74.1%	-$1.5B-302.1%	-$1.6B+21.8%
Financing Cash Flow	$2.1B+203.9%	$1.5B+47.0%	$770.3M+228.0%	$2.0B+2279.6%	$698.0M+437.3%	$1.0B+304.6%	-$601.6M+55.8%	$84.5M-89.6%
Dividends Paid	$520.0M+4.0%	$510.1M+3.0%	$497.4M+6.6%	$500.5M+6.7%	$500.0M+7.1%	$495.3M+8.1%	$466.7M+8.5%	$469.1M+8.6%

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Share Buybacks.

AEP 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.

AEP quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	67.9%-2.0pp	69.9%+4.5pp	65.3%+1.5pp	63.9%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	24.3%+2.5pp	21.8%+3.1pp	18.7%+1.0pp	17.7%-2.6pp	20.3%+0.3pp	20.0%+3.4pp	16.7%+0.1pp	16.6%-6.3pp	22.9%+15.7pp	7.1%-13.2pp	20.3%+1.2pp	19.1%0.0pp	19.1%+1.3pp	17.8%-0.6pp	18.4%
Net Margin	16.9%+1.8pp	15.1%+3.4pp	11.7%-0.1pp	11.7%-3.1pp	14.8%+0.1pp	14.7%+2.4pp	12.3%+0.4pp	11.9%-0.6pp	12.5%+8.7pp	3.8%-8.7pp	12.5%+2.5pp	10.0%0.0pp	10.0%+1.6pp	8.4%-4.5pp	12.9%
Return on Equity	11.9%+0.8pp	11.1%+2.3pp	8.8%-0.9pp	9.7%-1.4pp	11.1%+0.4pp	10.7%+0.9pp	9.8%-0.4pp	10.2%-0.4pp	10.5%+7.0pp	3.5%-7.9pp	11.5%+1.7pp	9.7%+0.5pp	9.2%+0.9pp	8.3%-5.0pp	13.3%
Return on Assets	3.2%+0.3pp	2.9%+0.6pp	2.3%-0.2pp	2.5%-0.4pp	2.8%+0.1pp	2.7%+0.2pp	2.5%-0.3pp	2.8%-0.2pp	3.0%+2.0pp	1.0%-2.4pp	3.3%+0.6pp	2.8%+0.1pp	2.6%+0.3pp	2.3%-1.4pp	3.7%
Current Ratio	0.450.0x	0.45-0.1x	0.530.0x	0.51+0.1x	0.460.0x	0.440.0x	0.40-0.1x	0.480.0x	0.51-0.1x	0.64+0.1x	0.570.0x	0.56-0.1x	0.710.0x	0.670.0x	0.63
Debt-to-Equity	1.420.0x	1.460.0x	1.49+0.1x	1.440.0x	1.440.0x	1.41+0.1x	1.28+0.1x	1.14+0.1x	1.06+0.1x	1.000.0x	0.990.0x	0.95-0.1x	1.050.0x	1.020.0x	1.03
Asset Turnover	0.190.0x	0.190.0x	0.200.0x	0.210.0x	0.190.0x	0.180.0x	0.200.0x	0.240.0x	0.240.0x	0.260.0x	0.270.0x	0.280.0x	0.260.0x	0.270.0x	0.29
FCF Margin	16.0%-16.5pp	32.5%+6.9pp	25.6%	N/A	N/A	25.7%+4.2pp	21.5%-10.7pp	32.3%+4.6pp	27.7%+0.7pp	27.0%-1.9pp	28.8%+1.1pp	27.7%+0.3pp	27.4%+2.6pp	24.8%-0.1pp	24.9%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	64.8%-1.3pp	68.8%-2.8pp	67.0%-2.3pp	69.7%-0.4pp	66.1%-2.6pp	71.6%	69.4%	70.1%
Operating Margin	22.6%-0.9pp	21.0%-2.4pp	25.3%+0.4pp	27.5%+12.6pp	23.5%+0.2pp	23.3%+9.7pp	24.9%-0.4pp	14.9%-5.1pp
Net Margin	15.0%+0.3pp	11.4%-2.8pp	16.6%-1.1pp	25.3%+17.9pp	14.7%-5.3pp	14.2%+6.8pp	17.7%-0.2pp	7.5%-4.3pp
Return on Equity	2.8%-0.1pp	1.9%-0.5pp	3.3%-0.3pp	4.3%+3.0pp	2.9%-1.0pp	2.5%+1.1pp	3.6%-0.2pp	1.3%-0.9pp
Return on Assets	0.8%0.0pp	0.5%-0.1pp	0.9%0.0pp	1.2%+0.9pp	0.8%-0.3pp	0.7%+0.3pp	1.0%-0.1pp	0.3%-0.2pp
Current Ratio	0.53+0.1x	0.450.0x	0.69+0.1x	0.55-0.1x	0.42-0.1x	0.45-0.1x	0.570.0x	0.650.0x
Debt-to-Equity	1.47+0.1x	1.420.0x	1.460.0x	1.38-0.1x	1.42-0.1x	1.460.0x	1.470.0x	1.530.0x
Asset Turnover	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.050.0x
FCF Margin	9.2%-17.3pp	0.3%-27.9pp	36.0%-4.1pp	-2.7%	26.5%	28.3%	40.1%	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.

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
American Electric Power Company, Inc. AEP	FY2025	$21.9B	$3.7B	16.9%	$68.7B	55/100
Dominion Energy, Inc D	FY2025	$16.5B	$3.0B	18.2%	$54.9B	36/100
Exelon Corporation EXC	FY2025	$24.3B	$2.8B	11.4%	$43.4B	51/100
Xcel Energy, Inc. XEL	FY2025	N/A	$2.0B	N/A	$46.3B	—
Public Service Enterprise Group Incorporated PEG	FY2025	$12.2B	$2.1B	17.3%	$35.3B	63/100

Where American Electric Power Company, Inc. Ranks

Frequently Asked Questions

What is American Electric Power Company, Inc.'s annual revenue?

American Electric Power Company, Inc. (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.

How fast is American Electric Power Company, Inc.'s revenue growing?

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

Is American Electric Power Company, Inc. profitable?

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

What is American Electric Power Company, Inc.'s EBITDA?

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

How much debt does American Electric Power Company, Inc. have?

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

What is American Electric Power Company, Inc.'s gross margin?

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

What is American Electric Power Company, Inc.'s operating margin?

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

What is American Electric Power Company, Inc.'s net profit margin?

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

What is American Electric Power Company, Inc.'s return on equity (ROE)?

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

What is American Electric Power Company, Inc.'s free cash flow?

American Electric Power Company, Inc. (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.

What is American Electric Power Company, Inc.'s operating cash flow?

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

What are American Electric Power Company, Inc.'s total assets?

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

What are American Electric Power Company, Inc.'s capital expenditures?

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

How many shares does American Electric Power Company, Inc. have outstanding?

American Electric Power Company, Inc. (AEP) had 541M shares outstanding as of fiscal year 2025.

What is American Electric Power Company, Inc.'s current ratio?

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

What is American Electric Power Company, Inc.'s debt-to-equity ratio?

American Electric Power Company, Inc. (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.

What is American Electric Power Company, Inc.'s return on assets (ROA)?

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

What is American Electric Power Company, Inc.'s P/E ratio?

American Electric Power Company, Inc. (AEP) trades at 18.1x earnings, its market capitalization divided by net income of $3.8B net income, trailing 12 months to March 31, 2026. The market capitalization is $68.7B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is American Electric Power Company, Inc.'s price-to-sales ratio?

American Electric Power Company, Inc. (AEP) trades at 3.1x sales, its market capitalization divided by revenue of $22.4B revenue, trailing 12 months to March 31, 2026. The market capitalization is $68.7B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is American Electric Power Company, Inc.'s Altman Z-Score?

American Electric Power Company, Inc. (AEP) has an Altman Z-Score of 0.96, 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 American Electric Power Company, Inc.'s Piotroski F-Score?

American Electric Power Company, Inc. (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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are American Electric Power Company, Inc.'s earnings high quality?

American Electric Power Company, Inc. (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.

Can American Electric Power Company, Inc. cover its interest payments?

American Electric Power Company, Inc. (AEP) has an interest coverage ratio of 2.63x, 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 American Electric Power Company, Inc.?

American Electric Power Company, Inc. (AEP) scores 55 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.