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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
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.
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.
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.
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.
Americn Electric converts 16.0% of revenue into free cash flow ($3.5B). This strong cash generation earns a score of 65/100.
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.
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.
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.
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.
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
Earnings & Revenue
Americn Electric generated $21.9B in revenue in fiscal year 2025. This represents an increase of 10.9% from the prior year.
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.
Americn Electric reported $3.7B in net income in fiscal year 2025. This represents an increase of 24.2% from the prior year.
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
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.
Americn Electric held $197.0M in cash against $44.1B in long-term debt as of fiscal year 2025.
Americn Electric paid $3.74 per share in dividends in fiscal year 2025. This represents an increase of 4.8% from the prior year.
Americn Electric had 541M shares outstanding in fiscal year 2025. This represents an increase of 1.5% from the prior year.
Margins & Returns
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.
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.
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.
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
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.
Similar Companies
Frequently Asked Questions
What is Americn Electric's annual revenue?
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.
How fast is Americn Electric's revenue growing?
Americn Electric (AEP) revenue grew by 10.9% year-over-year, from $19.7B to $21.9B in fiscal year 2025.
Is Americn Electric profitable?
Yes, Americn Electric (AEP) reported a net income of $3.7B in fiscal year 2025, with a net profit margin of 16.9%.
What is Americn Electric's EBITDA?
Americn Electric (AEP) had EBITDA of $8.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Americn Electric have?
As of fiscal year 2025, Americn Electric (AEP) had $197.0M in cash and equivalents against $44.1B in long-term debt.
What is Americn Electric's gross margin?
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.
What is Americn Electric's operating margin?
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.
What is Americn Electric's net profit margin?
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.
Does Americn Electric pay dividends?
Yes, Americn Electric (AEP) paid $3.74 per share in dividends during fiscal year 2025.
What is Americn Electric's return on equity (ROE)?
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.
What is Americn Electric's free cash flow?
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.
What is Americn Electric's operating cash flow?
Americn Electric (AEP) generated $6.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Americn Electric's total assets?
Americn Electric (AEP) had $114.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Americn Electric's capital expenditures?
Americn Electric (AEP) invested $3.5B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Americn Electric's current ratio?
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.
What is Americn Electric's debt-to-equity ratio?
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.
What is Americn Electric's return on assets (ROA)?
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.
What is Americn Electric's Altman Z-Score?
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.
What is Americn Electric's Piotroski F-Score?
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.
Are Americn Electric's earnings high quality?
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.
Can Americn Electric cover its interest payments?
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.
How financially healthy is Americn Electric?
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.