AMEREN CORP AEE

Utilities SIC 4931 - Electric & Other Services Combined NAICS Utilities › Electric Power Generation, Transmission and Distribution derived NYSE

Ameren, formed in 1997 and headquartered in St. Louis, Missouri, is a public utility holding company whose primary assets are its equity interests in its subsidiaries. Ameren's subsidiaries are separate, independent legal entities with separate businesses, assets, and liabilities. Dividends on Ameren's common stock and the payment of expenses by Ameren depend on distributions made to it by its subsidiaries.

Below is a summary description of Ameren's principal subsidiaries – Ameren Missouri, Ameren Illinois, and ATXI. Ameren also has other subsidiaries that conduct other activities, such as providing shared services. A more detailed description can be found in Note 1 – Summary of Significant Accounting Policies under Part II, Item 8, of this report.

Last close 108.04 2026-10-23
Market cap $29.91B 2026-06-30 share count
52-week range 96.57 - 118.32

Valuation FY2025 figures against the last close

P/S3.4x
P/E20.2x
P/FCF—
EV/EBITDA13.5x
Dividend yield2.6%
Diluted EPS5.35

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $8.80B$7.62B$7.50B$7.96B$6.39B$5.79B$5.91B$6.29B$6.17B$6.08B
Total operating expenses $6.77B$6.11B$5.94B$6.44B$5.06B$4.49B$4.64B$4.93B$4.76B$4.75B
Operating income $2.03B$1.52B$1.56B$1.51B$1.33B$1.30B$1.27B$1.36B$1.41B$1.32B
Interest expense $776.0M$663.0M$566.0M$486.0M$383.0M$419.0M$381.0M$401.0M$391.0M$382.0M
Pre-tax income $1.60B$1.27B$1.34B$1.25B$1.15B$1.03B$1.02B$1.06B$1.10B$1.04B
Income tax $136.0M$83.0M$183.0M$176.0M$157.0M$155.0M$182.0M$237.0M$576.0M$382.0M
Net income $1.46B$1.19B$1.16B$1.08B$995.0M$877.0M$834.0M$821.0M$529.0M$659.0M
EPS, basic 5.384.434.394.163.863.533.373.342.162.69
EPS, diluted 5.354.424.384.143.843.503.353.322.142.68
Shares, diluted (wtd. avg.) 272.2M267.4M263.4M259.5M257.6M248.7M247.1M245.8M244.2M243.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $13.0M$7.0M$272.0M$216.0M$155.0M$301.0M$176.0M$107.0M$68.0M$52.0M
Receivables $665.0M$525.0M$494.0M$600.0M$434.0M$415.0M$393.0M$463.0M$445.0M$437.0M
Inventory $774.0M$762.0M$733.0M$667.0M$592.0M$521.0M$494.0M$483.0M$522.0M$527.0M
Total current assets $2.57B$2.26B$2.18B$2.67B$1.97B$1.65B$1.43B$1.53B$1.61B$1.59B
Property, plant and equipment $39.31B$36.30B$33.78B$31.26B$29.26B$26.81B$24.38B$22.81B$21.47B$20.11B
Goodwill $411.0M$411.0M$411.0M$411.0M$411.0M$411.0M$411.0M$411.0M$411.0M$411.0M
Total assets $48.48B$44.60B$40.83B$37.90B$35.73B$32.03B$28.93B$27.21B$25.95B$24.70B
Accounts payable $1.25B$1.06B$1.14B$1.16B$1.09B$958.0M$874.0M$817.0M$902.0M$805.0M
Short-term debt $973.0M$317.0M$849.0M$340.0M$505.0M$8.0M$442.0M$580.0M$841.0M$681.0M
Total current liabilities $3.91B$3.41B$3.35B$3.37B$2.83B$2.18B$2.50B$2.69B$2.94B$2.67B
Long-term debt $18.21B$17.26B$15.12B$13.69B$12.56B$11.08B$8.91B$7.86B$7.09B$6.59B
Retained earnings $5.29B$4.60B$4.14B$3.65B$3.18B$2.76B$2.38B$2.02B$1.66B$1.57B
Total equity $13.40B$12.11B$11.48B$10.64B$9.83B$9.08B$8.20B$7.77B$7.33B$7.25B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.35B$2.76B$2.56B$2.26B$1.66B$1.73B$2.17B$2.17B$2.12B$2.12B
Depreciation and amortisation $1.61B$1.52B$1.43B$1.37B$1.22B$1.15B$1.00B$938.0M$876.0M$835.0M
Stock-based compensation $28.0M$28.0M$26.0M$24.0M$22.0M$21.0M$20.0M$20.0M$17.0M$17.0M
Capital expenditure $4.13B$4.32B$3.60B$3.35B$3.48B$3.23B$2.41B$2.29B$2.13B$2.08B
Investing cash flow -$4.14B-$4.46B-$3.80B-$3.37B-$3.53B-$3.33B-$2.44B-$2.34B-$2.20B-$2.16B
Financing cash flow $884.0M$1.75B$1.29B$1.17B$1.72B$1.73B$334.0M$205.0M$102.0M-$258.0M
Dividends paid $768.0M$714.0M$662.0M$610.0M$565.0M$494.0M$472.0M$451.0M$431.0M$416.0M
Buybacks ——————$0$0$24.0M$51.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001002910-26-000009.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2.5B 5B 7.5B 10B Revenue, FY2016: 6.1B Net income, FY2016: 659M Revenue, FY2017: 6.2B Net income, FY2017: 529M Revenue, FY2018: 6.3B Net income, FY2018: 821M Revenue, FY2019: 5.9B Net income, FY2019: 834M Revenue, FY2020: 5.8B Net income, FY2020: 877M Revenue, FY2021: 6.4B Net income, FY2021: 995M Revenue, FY2022: 8B Net income, FY2022: 1.1B Revenue, FY2023: 7.5B Net income, FY2023: 1.2B Revenue, FY2024: 7.6B Net income, FY2024: 1.2B Revenue, FY2025: 8.8B Net income, FY2025: 1.5B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $6.08B $6.17B $6.29B $5.91B $5.79B $6.39B $7.96B $7.50B $7.62B $8.80B
Gross profit — — — — — — — — — —
Net income $659.0M $529.0M $821.0M $834.0M $877.0M $995.0M $1.08B $1.16B $1.19B $1.46B

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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