AEE · Ameren Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.18B | - | $2.70B | $2.22B | $2.10B | - | $2.17B | $1.69B | $1.82B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $1.64B | - | $1.87B | $1.81B | $1.67B | - | $1.59B | $1.33B | $1.45B | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $532.00M | - | $825.00M | $411.00M | $430.00M | - | $586.00M | $361.00M | $371.00M | - |
| Interest Expense | $204.00M | - | $208.00M | $187.00M | $175.00M | - | $173.00M | $165.00M | $154.00M | - |
| Income Tax | $60.00M | - | $52.00M | $43.00M | $50.00M | - | $57.00M | $39.00M | $44.00M | - |
| Net Income | $357.00M | - | $640.00M | $275.00M | $289.00M | - | $456.00M | $258.00M | $261.00M | - |
| EPS - Basic | $1.29 | - | $2.37 | $1.02 | $1.07 | - | $1.71 | $0.97 | $0.98 | - |
| EPS - Diluted | $1.28 | - | $2.35 | $1.01 | $1.07 | - | $1.70 | $0.97 | $0.98 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $13.00M | $13.00M | $9.00M | $11.00M | $23.00M | $7.00M | $17.00M | $19.00M | $85.00M | $25.00M |
| Accounts Receivable | $703.00M | $665.00M | $794.00M | $567.00M | $667.00M | $525.00M | $651.00M | $514.00M | $507.00M | $494.00M |
| Inventory | $733.00M | $774.00M | $804.00M | $738.00M | $669.00M | $762.00M | $792.00M | $740.00M | $679.00M | $733.00M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $2.57B | $2.57B | $2.61B | $2.47B | $2.46B | $2.26B | $2.26B | $2.22B | $2.08B | $2.18B |
| Total Assets | $49.85B | $48.48B | $47.42B | $46.63B | $45.66B | $44.60B | $43.30B | $42.33B | $41.31B | $40.83B |
| Current Liabilities | $4.13B | $3.91B | $2.81B | $3.09B | $2.86B | $3.41B | $3.57B | $3.29B | $3.50B | $3.35B |
| Long-term Debt | $19.00B | $18.21B | $19.17B | $18.81B | $18.35B | $17.26B | $16.42B | $16.28B | $15.17B | $15.12B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $13.56B | $13.40B | $12.78B | $12.31B | $12.22B | $12.11B | $11.83B | $11.54B | $11.44B | $11.35B |
| Retained Earnings | $5.44B | $5.29B | $5.23B | $4.78B | $4.70B | $4.60B | $4.58B | $4.30B | $4.22B | $4.14B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $421.00M | - | - | - | $431.00M | - | - | - | $492.00M | - |
| Investing Cash Flow | ($1.61B) | - | - | - | ($1.09B) | - | - | - | ($906.00M) | - |
| Financing Cash Flow | $1.26B | - | - | - | $704.00M | - | - | - | $497.00M | - |
| CapEx | $1.57B | - | $988.00M | $1.07B | $1.06B | - | $1.14B | $1.00B | $890.00M | - |
| Free Cash Flow | ($1.15B) | - | - | - | ($633.00M) | - | - | - | ($398.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 24.4% | - | 30.6% | 18.5% | 20.5% | - | 27.0% | 21.3% | 20.4% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 16.4% | - | 23.7% | 12.4% | 13.8% | - | 21.0% | 15.2% | 14.4% | - |
| Free cash flow margin | -53.0% | - | - | - | -30.2% | - | - | - | -21.9% | - |
| FCF / Net income | -3.23 | - | - | - | -2.19 | - | - | - | -1.52 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 14.4% | - | 7.5% | 13.5% | 14.7% | - | 11.1% | 13.1% | 14.4% | - |
| Return on assets | 0.7% | - | 1.3% | 0.6% | 0.6% | - | 1.1% | 0.6% | 0.6% | - |
| Return on equity | 2.6% | - | 5.0% | 2.2% | 2.4% | - | 3.9% | 2.2% | 2.3% | - |
| Return on invested capital | 1.4% | - | 2.4% | 1.1% | 1.2% | - | 1.8% | 1.1% | 1.2% | - |
| Liquidity | ||||||||||
| Current ratio | 0.62 | 0.66 | 0.93 | 0.80 | 0.86 | 0.66 | 0.63 | 0.67 | 0.59 | 0.65 |
| Quick ratio | 0.44 | 0.46 | 0.64 | 0.56 | 0.62 | 0.44 | 0.41 | 0.45 | 0.40 | 0.43 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.02 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | 1.40 | 1.36 | 1.50 | 1.53 | 1.50 | 1.42 | 1.39 | 1.41 | 1.33 | 1.33 |
| Debt / Assets | 0.38 | 0.38 | 0.40 | 0.40 | 0.40 | 0.39 | 0.38 | 0.38 | 0.37 | 0.37 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 2.6x | - | 4.0x | 2.2x | 2.5x | - | 3.4x | 2.2x | 2.4x | - |
| Equity multiplier | 3.68 | 3.62 | 3.71 | 3.79 | 3.74 | 3.68 | 3.66 | 3.67 | 3.61 | 3.60 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.06 | 0.05 | 0.05 | - | 0.05 | 0.04 | 0.04 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 118d | - | 107d | 93d | 116d | - | 109d | 111d | 102d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 85.9x | - | 44.4x | 95.1x | 93.8x | - | 51.4x | 73.3x | 75.5x | - |
| P / B | 2.3x | - | 2.2x | 2.1x | 2.2x | - | 2.0x | 1.6x | 1.7x | - |
| P / S | 14.1x | - | 10.5x | 11.7x | 13.0x | - | 10.8x | 11.2x | 10.9x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.8% | - | 24.2% | 31.2% | 15.5% | - | 5.5% | -3.8% | -11.9% | - |
| Revenue CAGR (3y) | 1.8% | - | 5.4% | 8.8% | 3.7% | - | 10.1% | 4.8% | 8.0% | - |
| Revenue CAGR (5y) | 8.6% | - | - | - | - | - | 5.8% | 4.2% | 3.1% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 23.7% | - | 40.8% | 13.9% | 15.9% | - | -4.6% | 9.7% | 5.7% | - |
| Net income growth (YoY) | 23.5% | - | 40.4% | 6.6% | 10.7% | - | -7.5% | 8.9% | -1.1% | - |
| EPS growth (YoY) | 19.6% | - | 38.2% | 4.1% | 9.2% | - | -9.1% | 7.8% | -2.0% | - |
| EPS CAGR (3y) | 8.6% | - | 10.5% | 8.1% | 3.3% | - | 1.0% | 6.6% | 18.4% | - |
| EPS CAGR (5y) | 16.8% | - | 9.8% | 0.6% | - | - | 2.9% | 6.1% | - | - |
| FCF growth (YoY) | -82.1% | - | - | - | -59.0% | - | - | - | 8.5% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 10.9% | 10.6% | 8.0% | 6.7% | 6.8% | 6.7% | 7.2% | 7.9% | 7.9% | 8.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$9.66B totalUnion Electric Company$4.79B · 49.6%
Ameren Illinois Electric Distribution$2.40B · 24.8%
Ameren Illinois Gas$968.00M · 10.0%
Ameren Transmission$862.00M · 8.9%
Ameren Illinois Transmission$637.00M · 6.6%
Product / service
$4.79B totalElectricity$4.63B · 96.6%
Natural Gas Reserves$164.00M · 3.4%
Peer comparison
Same SIC group: Electric & Other Services Combined
Comparing AMEREN CORP against the 5 most active filers in the same SIC group.
Dividends
$2.88/share trailing 12 months · +5.9% YoY
| Ex-date | Per share |
|---|---|
| Mar 10, 2026 | $0.7500 |
| Dec 9, 2025 | $0.7100 |
| Sep 9, 2025 | $0.7100 |
| Jun 10, 2025 | $0.7100 |
| Mar 11, 2025 | $0.7100 |
| Dec 11, 2024 | $0.6700 |
| Sep 11, 2024 | $0.6700 |
| Jun 12, 2024 | $0.6700 |
| Mar 12, 2024 | $0.6700 |
| Dec 12, 2023 | $0.6300 |
| Sep 12, 2023 | $0.6300 |
| Jun 13, 2023 | $0.6300 |
| Mar 14, 2023 | $0.6300 |
| Dec 6, 2022 | $0.5900 |
| Sep 6, 2022 | $0.5900 |
| Jun 7, 2022 | $0.5900 |
| Mar 8, 2022 | $0.5900 |
| Dec 7, 2021 | $0.5500 |
| Sep 7, 2021 | $0.5500 |
| Jun 8, 2021 | $0.5500 |
| Mar 9, 2021 | $0.5500 |
| Dec 8, 2020 | $0.5150 |
| Sep 8, 2020 | $0.4950 |
| Jun 9, 2020 | $0.4950 |