Ameren Corp (AEE)

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution business and natural gas transmission and distribution business. The company also generates electricity through coal, nuclear, and natural gas, as well as renewable energy, including hydroelectric, wind, methane gas, and solar energy centers. It serves residential, commercial, and industrial customers. Ameren Corporation was founded in 1881 and is headquartered in Saint Louis, Missouri.

Symbol: AEE
Exchange: NYSE
Sector: Utilities
Industry: Utilities - Regulated Electric
Market cap: $27.66B
52 week range: 96.57 - 118.32

Valuation

Share price: $99.94 (close of 2026-10-02)
P/E (TTM): 17.47x
Price to book: 2.00x
Price to free cash flow: -19.76x
Enterprise value: $48.24B
Book value per share: $49.91

Price performance

Period	Change
1 day	+0.30%
5 days	+0.55%
1 month	-5.62%
3 months	-13.11%
6 months	-10.51%
Year to date	+0.08%
1 year	-2.90%
3 years	+40.50%
5 years	+23.98%
10 years	+103.21%
All time	+133.45%

Members of Congress who disclosed AEE trades

Julie Johnson · Robert Bresnahan

Super investors holding AEE

Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity: 10.80%
Return on invested capital: 5.67%
Return on assets: 3.01%
Return on capital employed: 4.55%
Gross margin: 23.03%
Net margin: 16.60%
EBITDA margin: 41.35%
Revenue growth: 15.43%
Net income growth: 23.08%
Free cash flow growth: 50.19%

Cash flow and balance sheet

Free cash flow yield (TTM): -5.06%
Current ratio: 0.53x
Net debt to EBITDA: 5.52x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $8.80B
Cost of revenue: $6.77B
Gross profit: $2.03B
EBITDA: $3.64B
Net income: $1.46B
Earnings per share: $5.38
Interest expense: $776.00M
Shares outstanding: 270.50M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$8.80B	$2.03B	$1.46B	$5.38
2024-12-31	$7.62B	$1.52B	$1.19B	$4.43
2023-12-31	$7.50B	$1.56B	$1.16B	$4.39
2022-12-31	$7.96B	$1.51B	$1.08B	$4.16
2021-12-31	$6.39B	$1.33B	$995.00M	$3.86
2020-12-31	$5.79B	$1.30B	$877.00M	$3.53
2019-12-31	$5.91B	$1.27B	$834.00M	$3.37
2018-12-31	$6.29B	$1.36B	$821.00M	$3.34
2017-12-31	$6.17B	$1.41B	$523.00M	$2.16
2016-12-31	$6.08B	$1.32B	$653.00M	$2.69

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	23.03%	16.60%	10.80%	5.67%
2024-12-31	19.89%	15.57%	9.70%	4.63%
2023-12-31	20.77%	15.43%	10.08%	4.92%
2022-12-31	19.04%	13.56%	10.14%	5.21%
2021-12-31	20.85%	15.56%	10.12%	5.14%
2020-12-31	22.44%	15.14%	9.66%	5.72%
2019-12-31	21.44%	14.11%	10.17%	6.17%
2018-12-31	21.57%	13.05%	10.56%	6.92%
2017-12-31	22.84%	8.47%	7.14%	5.47%
2016-12-31	21.76%	10.75%	9.01%	6.48%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$13.00M	$18.21B
2024-12-31	$7.00M	$17.26B
2023-12-31	$25.00M	$15.12B
2022-12-31	$10.00M	$13.69B
2021-12-31	$8.00M	$12.56B
2020-12-31	$139.00M	$11.08B
2019-12-31	$16.00M	$8.91B
2018-12-31	$16.00M	$7.86B
2017-12-31	$10.00M	$7.09B
2016-12-31	$9.00M	$6.59B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	-$775.00M	$28.00M
2024-12-31	-$1.56B	$28.00M
2023-12-31	-$1.03B	$26.00M
2022-12-31	-$1.09B	$24.00M
2021-12-31	-$1.82B	$22.00M
2020-12-31	-$1.51B	$21.00M
2019-12-31	-$241.00M	$20.00M
2018-12-31	-$116.00M	$20.00M
2017-12-31	-$14.00M	$17.00M
2016-12-31	$41.00M	$17.00M

Dividend history

Most recent payment: 2026-09-08
Paid in the last twelve months: $2.96

Payment date	Dividend per share
2026-09-08	$0.75
2026-06-09	$0.75
2026-03-10	$0.75
2025-12-09	$0.71
2025-09-09	$0.71
2025-06-10	$0.71
2025-03-11	$0.71
2024-12-11	$0.67

Investor relations

Next earnings report

Next confirmed report: 2026-11-04
Consensus EPS estimate: $2.27

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-30	Jun/2026	$1.08
2026-05-05	Mar/2026	$1.17
2026-02-11	Dec/2025	$0.77
2025-11-05	Sep/2025	$2.10
2025-07-31	Jun/2025	$1.00
2025-07-30	-	-
2025-05-01	Mar/2025	$1.08
2025-04-30	-	-

Filings and sources

Company website: amereninvestors.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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