American Electric Power Co Inc (AEP)

American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments. The company generates electricity using coal and lignite, nuclear, natural gas, renewable, hydro, solar, wind, and other energy sources; owns, operates, maintains, and invests in transmission infrastructure; and engages in the retail supply, and wholesale energy trading and marketing businesses. It operates approximately 252,000 circuit miles of distribution lines; 38,000 circuit miles of transmission lines; and 25,000 MWs of regulated owned generating capacity. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio.

Symbol: AEP
Exchange: Nasdaq
Sector: Utilities
Industry: Utilities - Regulated Electric
Market cap: $64.82B
52 week range: 111.73 - 140.58

Valuation

Share price: $119.57 (close of 2026-10-02)
P/E (TTM): 17.56x
Price to book: 1.97x
Price to free cash flow: 24.98x
Enterprise value: $116.08B
Book value per share: $60.84

Price performance

Period	Change
1 day	-0.15%
5 days	+1.03%
1 month	-3.24%
3 months	-13.67%
6 months	-9.88%
Year to date	+3.69%
1 year	+5.39%
3 years	+66.44%
5 years	+46.93%
10 years	+86.22%
All time	+290.37%

Members of Congress who disclosed AEP trades

David Taylor · George Whitesides · Rick Larsen · Virginia Foxx

Super investors holding AEP

Dodge & Cox (Dodge & Cox Funds) · George Soros (Soros Fund Mgmt) · Carl Icahn (Icahn Capital Management) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates) · David Katz (Matrix Asset Advisors Inc)

Profitability and growth

Return on equity: 11.47%
Return on invested capital: 6.38%
Return on assets: 3.23%
Return on capital employed: 5.26%
Gross margin: 24.51%
Net margin: 17.03%
EBITDA margin: 39.83%
Revenue growth: 8.67%
Net income growth: 24.19%
Free cash flow growth: -45.50%

Cash flow and balance sheet

Free cash flow yield (TTM): 4.00%
Current ratio: 0.53x
Net debt to EBITDA: 5.45x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $21.70B
Cost of revenue: $16.38B
Gross profit: $5.32B
EBITDA: $8.64B
Net income: $3.70B
Earnings per share: $6.70
Shares outstanding: 534.54M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$21.70B	$5.32B	$3.70B	$6.70
2024-12-31	$19.97B	$4.30B	$2.98B	$5.60
2023-12-31	$19.46B	$3.56B	$2.21B	$4.26
2022-12-31	$19.39B	$3.48B	$2.31B	$4.51
2021-12-31	$16.79B	$3.41B	$2.49B	$4.97
2020-12-31	$14.92B	$2.99B	$2.20B	$4.44
2019-12-31	$15.56B	$2.59B	$1.92B	$3.89
2018-12-31	$16.20B	$2.68B	$1.93B	$3.90
2017-12-31	$15.42B	$3.52B	$1.93B	$3.89
2016-12-31	$16.38B	$1.16B	$618.00M	$1.24

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	24.51%	17.03%	11.47%	6.38%
2024-12-31	21.55%	14.90%	11.03%	5.95%
2023-12-31	18.28%	11.37%	8.75%	5.12%
2022-12-31	17.96%	11.89%	9.56%	5.35%
2021-12-31	20.32%	14.82%	10.97%	5.82%
2020-12-31	20.03%	14.72%	10.57%	5.62%
2019-12-31	16.66%	12.34%	9.64%	5.46%
2018-12-31	16.56%	11.92%	10.13%	6.07%
2017-12-31	22.85%	12.51%	10.53%	6.53%
2016-12-31	7.11%	3.77%	3.55%	3.12%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$417.00M	$44.13B
2024-12-31	$418.00M	$39.31B
2023-12-31	$544.40M	$37.65B
2022-12-31	$697.00M	$34.31B
2021-12-31	$623.80M	$31.30B
2020-12-31	$593.50M	$28.99B
2019-12-31	$449.50M	$25.13B
2018-12-31	$393.20M	$21.65B
2017-12-31	$376.30M	$19.42B
2016-12-31	$349.20M	$17.38B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$3.49B	$53.00M
2024-12-31	$6.41B	$53.00M
2023-12-31	$4.86B	$51.00M
2022-12-31	$5.29B	$63.30M
2021-12-31	$3.84B	-
2020-12-31	$3.83B	-
2019-12-31	$3.35B	-
2018-12-31	$5.22B	-
2017-12-31	$4.27B	-
2016-12-31	$4.41B	-

Dividend history

Most recent payment: 2026-08-10
Paid in the last twelve months: $3.80

Payment date	Dividend per share
2026-08-10	$0.95
2026-05-08	$0.95
2026-02-10	$0.95
2025-11-10	$0.95
2025-08-08	$0.93
2025-05-09	$0.93
2025-02-10	$0.93
2024-11-08	$0.93

Investor relations

Next earnings report

Next confirmed report: 2026-10-28
Consensus EPS estimate: $1.98

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-30	Jun/2026	$1.49
2026-05-05	Mar/2026	$1.55
2026-02-12	Dec/2025	$1.16
2025-10-29	Sep/2025	$1.81
2025-07-30	Jun/2025	$1.28
2025-05-06	Mar/2025	$1.39
2025-02-24	-	-
2025-02-13	Dec/2024	$1.24

Filings and sources

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

Similar companies

Dominion Energy, Inc (D) · Duke Energy Corp (DUK) · Entergy Corp (ETR) · Southern Co (SO) · Xcel Energy Inc (XEL) · NextEra Energy Inc (NEE) · Exelon Corp (EXC) · NRG Energy, Inc. (NRG)

All Utilities companies

Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades