TORVANTA
Utilities · S&P 500 · data as of 2026-10-05

AEE stock analysis: Ameren

Ameren (AEE) is an S&P 500 company in Multi-Utilities.

The model's view of AEE · subscribers

Where AEE ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with AEE · updated 2026-10-05 · from prices and SEC filings

AEE price performance

AEE against the S&P 500, one year
+0%+10%+20%S&P 500 +18%AEE -1%2025-09-292026-10-05
Year to date+1.9%S&P 500 +14.5% · behind by 12.6 pts
1 year-1.2%S&P 500 +17.0% · behind by 18.2 pts
3 years+49.2%S&P 500 +89.3% · behind by 40.1 pts
5 years+41.6%S&P 500 +91.3% · behind by 49.8 pts

Total returns with dividends reinvested.

AEE factor grades

Each grade compares AEE with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B-ValueP/E 17.6x (industry 18.8x)FCF yield -5.1% (industry -5.1%)
C+GrowthRevenue growth +4% (industry +7%)EPS growth +25% (industry +9%)
B-ProfitabilityOperating margin 24.9% (industry 20.0%)ROIC 5.8% (industry 5.5%)
B-Momentum12-month change -1%From 52-wk high -15%

AEE in plain numbers

AEE key statistics

SectorUtilities
IndustryMulti-Utilities
IndexS&P 500
Market value$27.6B
Revenue growth (y/y)+4%
Free-cash-flow yield-5.1%
Dividend yield3.0%
Next earnings (expected)2026-11-04
Valuation measures
Market value$27.6B
Enterprise value$48.2B
P/E (trailing)17.6x
Forward P/E (Torvanta estimate)16.3x
PEG (Torvanta estimate)2.22
Price / sales3.2x
Price / book2.0x
EV / revenue5.5x
EV / EBITDA12.6x
Financial highlights
Revenue, last 12 months$8.7B
Net income, last 12 months$1.6B
EPS, last 12 months (GAAP)$5.68
Operating margin24.9%
Net margin17.9%
Return on equity12.1%
Return on invested capital5.8%
Cash$12.0M
Total debt$20.6B
Debt / equity1.50x
Free cash flow, last 12 months-$1.4B
Interest cover2.6x
Current ratio0.53x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

AEE earnings trends

Revenue vs earnings
$0$674.8M$1.3B$2.0B$2.7BSep 2024 Revenue: $2.2BDec 2024 Revenue: $1.9BMar 2025 Revenue: $2.1BJun 2025 Revenue: $2.2BSep 2025 Revenue: $2.7BDec 2025 Revenue: $1.8BMar 2026 Revenue: $2.2BJun 2026 Revenue: $2.1BSep 2024 Net income: $457.0MDec 2024 Net income: $208.0MMar 2025 Net income: $290.0MJun 2025 Net income: $277.0MSep 2025 Net income: $641.0MDec 2025 Net income: $253.0MMar 2026 Net income: $358.0MJun 2026 Net income: $316.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 21.0%Net margin: 10.7%Net margin: 13.8%Net margin: 12.5%Net margin: 23.7%Net margin: 14.2%Net margin: 16.5%Net margin: 15.1%0%12%24%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.6$1.2$1.8$2.4Sep 2024 EPS (GAAP, diluted): $1.7Dec 2024 EPS (GAAP, diluted): $0.8Mar 2025 EPS (GAAP, diluted): $1.1Jun 2025 EPS (GAAP, diluted): $1.0Sep 2025 EPS (GAAP, diluted): $2.4Dec 2025 EPS (GAAP, diluted): $0.9Mar 2026 EPS (GAAP, diluted): $1.3Jun 2026 EPS (GAAP, diluted): $1.1Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +38% · Dec 2025 +19% · Mar 2026 +20% · Jun 2026 +12%

From the company's 10-Q and 10-K filings with the SEC.

Ameren financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$6.4B$8.0B$7.5B$7.6B$8.8B
Net income$1.0B$1.1B$1.2B$1.2B$1.5B
EPS (GAAP)$3.84$4.14$4.37$4.42$5.35
Free cash flow-$1.6B-$1.1B-$1.0B-$1.6B-$775.0M

AEE earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-30$1.13+12%-6%-2.7%
2026-05-05$1.28+20%+4%-4.7%
2026-02-11$0.92+19%-8%+4.9%
2025-11-05$2.35+38%+24%+0.8%
2025-07-31$1.01+4%+31%+4.3%
2025-05-01$1.07+9%+15%-2.0%

About Ameren

HeadquartersSt Louis, MO
Industry (SEC code)Electric & Other Services Combined
Fiscal year endsDecember 31
Incorporated inMO
Listed onNYSE

From the company's SEC registration record.

Companies similar to AEE

CompanyMarket valueP/ERevenue growthOperating margin12-month change
AEE Ameren$27.6B17.6x+4%24.9%-1%
CNP CenterPoint$24.7B23.2x+5%22.5%-1%compare
PCG PG&E$33.1B8.9x+6%20.0%-21%compare
CMS CMS Energy$20.1B19.2x+10%18.9%-8%compare
ED Consolidated Edison$38.1B17.4x+9%17.4%+8%
NI NiSource$19.0B21.0x+17%16.4%-7%
SRE Sempra$51.1B26.5x+2%n/a-12%

All Utilities stock ratings

Frequently asked questions

Is AEE stock a buy?

Torvanta does not tell individuals what to buy. Its grades for AEE are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is AEE's P/E ratio?

AEE trades at about 17.6 times its last 12 months of GAAP earnings reported to the SEC, and about 16.3 times Torvanta's own estimate of the next 12 months.

When does AEE report earnings next?

Based on its filing history, Torvanta expects Ameren to report around 2026-11-04.

Does AEE pay a dividend?

Yes. Its dividend yield is about 3.0%, and it has raised its dividend 8 years in a row.

How has AEE performed against the S&P 500?

Over the past year AEE returned -1.2%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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