Stocks · Utilities · Electric & Other Services Combined

Ameren

AEE Clue Score41
United States Fiscal year ends December CIK 0001002910
$102.19 +0.34% Close, 9 Oct 2026
Price $102.19 +25.74% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue6.08Operating income1.32Net income0.65EPS, diluted2.68Fiscal year 2017Revenue6.17 +1.6%Operating income1.41Net income0.52 −19.9%EPS, diluted2.14 −20.1%Fiscal year 2018Revenue6.29 +1.9%Operating income1.36Net income0.82 +57.0%EPS, diluted3.32 +55.1%Fiscal year 2019Revenue5.91 −6.1%Operating income1.27Net income0.83 +1.6%EPS, diluted3.35 +0.9%Fiscal year 2020Revenue5.79 −2.0%Operating income1.30Net income0.88 +5.2%EPS, diluted3.50 +4.5%Fiscal year 2021Revenue6.39 +10.4%Operating income1.33Net income1.00 +13.5%EPS, diluted3.84 +9.7%Fiscal year 2022Revenue7.96 +24.4%Operating income1.52Net income1.08 +8.4%EPS, diluted4.14 +7.8%Fiscal year 2023Revenue7.50 −5.7%Operating income1.56Net income1.16 +7.2%EPS, diluted4.38 +5.8%Fiscal year 2024Revenue7.62 +1.6%Operating income1.52Net income1.19 +2.6%EPS, diluted4.42 +0.9%Fiscal year 2025Revenue8.80 +15.4%Operating income2.03Net income1.46 +23.1%EPS, diluted5.35 +21.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 6.08 6.17 6.29 5.91 5.79 6.39 7.96 7.50 7.62 8.80
Growth +1.6% +1.9% −6.1% −2.0% +10.4% +24.4% −5.7% +1.6% +15.4%
Operating income 1.32 1.41 1.36 1.27 1.30 1.33 1.52 1.56 1.52 2.03
Net income 0.65 0.52 0.82 0.83 0.88 1.00 1.08 1.16 1.19 1.46
Growth −19.9% +57.0% +1.6% +5.2% +13.5% +8.4% +7.2% +2.6% +23.1%
EPS, diluted 2.68 2.14 3.32 3.35 3.50 3.84 4.14 4.38 4.42 5.35
Growth −20.1% +55.1% +0.9% +4.5% +9.7% +7.8% +5.8% +0.9% +21.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin21.8%Net margin10.7%Free cash flow margin0.7%Fiscal year 2017Operating margin22.8%Net margin8.5%Free cash flow margin−0.2%Fiscal year 2018Operating margin21.6%Net margin13.1%Free cash flow margin−1.8%Fiscal year 2019Operating margin21.4%Net margin14.1%Free cash flow margin−4.1%Fiscal year 2020Operating margin22.4%Net margin15.1%Free cash flow margin−26.0%Fiscal year 2021Operating margin20.8%Net margin15.6%Free cash flow margin−28.4%Fiscal year 2022Operating margin19.0%Net margin13.6%Free cash flow margin−13.7%Fiscal year 2023Operating margin20.8%Net margin15.4%Free cash flow margin−13.8%Fiscal year 2024Operating margin19.9%Net margin15.6%Free cash flow margin−20.4%Fiscal year 2025Operating margin23.0%Net margin16.6%Free cash flow margin−8.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 21.8% 22.8% 21.6% 21.4% 22.4% 20.8% 19.0% 20.8% 19.9% 23.0%
Net margin 10.7% 8.5% 13.1% 14.1% 15.1% 15.6% 13.6% 15.4% 15.6% 16.6%
Free cash flow margin 0.7% −0.2% −1.8% −4.1% −26.0% −28.4% −13.7% −13.8% −20.4% −8.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow2.12Capital expenditure−2.08Free cash flow0.04Buybacks−0.05Dividends paid−0.42Fiscal year 2017Operating cash flow2.12Capital expenditure−2.13Free cash flow−0.01 −134.1%Buybacks−0.02Dividends paid−0.43Fiscal year 2018Operating cash flow2.17Capital expenditure−2.29Free cash flow−0.12Buybacks0.00Dividends paid−0.45Fiscal year 2019Operating cash flow2.17Capital expenditure−2.41Free cash flow−0.24Buybacks0.00Dividends paid−0.47Fiscal year 2020Operating cash flow1.73Capital expenditure−3.23Free cash flow−1.51Dividends paid−0.49Fiscal year 2021Operating cash flow1.66Capital expenditure−3.48Free cash flow−1.82Dividends paid−0.57Fiscal year 2022Operating cash flow2.26Capital expenditure−3.35Free cash flow−1.09Dividends paid−0.61Fiscal year 2023Operating cash flow2.56Capital expenditure−3.60Free cash flow−1.03Dividends paid−0.66Fiscal year 2024Operating cash flow2.76Capital expenditure−4.32Free cash flow−1.56Dividends paid−0.71Fiscal year 2025Operating cash flow3.35Capital expenditure−4.13Free cash flow−0.78Dividends paid−0.77
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.12 2.12 2.17 2.17 1.73 1.66 2.26 2.56 2.76 3.35
Capital expenditure −2.08 −2.13 −2.29 −2.41 −3.23 −3.48 −3.35 −3.60 −4.32 −4.13
Free cash flow 0.04 −0.01 −0.12 −0.24 −1.51 −1.82 −1.09 −1.03 −1.56 −0.78
Growth −134.1%
Buybacks −0.05 −0.02 0.00 0.00 n/a n/a n/a n/a n/a n/a
Dividends paid −0.42 −0.43 −0.45 −0.47 −0.49 −0.57 −0.61 −0.66 −0.71 −0.77

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.01Total debt7.28Net cash (debt)−7.27Shareholders’ equity7.10Debt to equity1.02Fiscal year 2017Cash0.01Total debt7.94Net cash (debt)−7.93Shareholders’ equity7.18Debt to equity1.10Fiscal year 2018Cash0.02Total debt8.44Net cash (debt)−8.42Shareholders’ equity7.63Debt to equity1.11Fiscal year 2019Cash0.02Total debt9.36Net cash (debt)−9.34Shareholders’ equity8.06Debt to equity1.16Fiscal year 2020Cash0.14Total debt11.09Net cash (debt)−10.95Shareholders’ equity8.94Debt to equity1.24Fiscal year 2021Cash0.01Total debt13.07Net cash (debt)−13.06Shareholders’ equity9.70Debt to equity1.35Fiscal year 2022Cash0.01Total debt14.03Net cash (debt)−14.02Shareholders’ equity10.51Debt to equity1.33Fiscal year 2023Cash0.03Total debt15.97Net cash (debt)−15.95Shareholders’ equity11.35Debt to equity1.41Fiscal year 2024Cash0.01Total debt17.58Net cash (debt)−17.57Shareholders’ equity12.11Debt to equity1.45Fiscal year 2025Cash0.01Total debt19.19Net cash (debt)−19.17Shareholders’ equity13.40Debt to equity1.43
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.01 0.01 0.02 0.02 0.14 0.01 0.01 0.03 0.01 0.01
Total debt 7.28 7.94 8.44 9.36 11.09 13.07 14.03 15.97 17.58 19.19
Net cash (debt) −7.27 −7.93 −8.42 −9.34 −10.95 −13.06 −14.02 −15.95 −17.57 −19.17
Shareholders’ equity 7.10 7.18 7.63 8.06 8.94 9.70 10.51 11.35 12.11 13.40
Debt to equity 1.02 1.10 1.11 1.16 1.24 1.35 1.33 1.41 1.45 1.43

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
6.08 6.17 6.29 5.91 5.79 6.39 7.96 7.50 7.62 8.80
Growth +1.6% +1.9% −6.1% −2.0% +10.4% +24.4% −5.7% +1.6% +15.4%
1.32 1.41 1.36 1.27 1.30 1.33 1.52 1.56 1.52 2.03
Growth +6.7% −3.8% −6.6% +2.6% +2.5% +13.7% +2.8% −2.7% +33.6%
1.04 1.11 1.06 1.02 1.03 1.15 1.26 1.34 1.27 1.60
0.38 0.58 0.24 0.18 0.16 0.16 0.18 0.18 0.08 0.14
0.65 0.52 0.82 0.83 0.88 1.00 1.08 1.16 1.19 1.46
Growth −19.9% +57.0% +1.6% +5.2% +13.5% +8.4% +7.2% +2.6% +23.1%
Per share
2.69 2.16 3.34 3.37 3.53 3.86 4.16 4.39 4.43 5.38
2.68 2.14 3.32 3.35 3.50 3.84 4.14 4.38 4.42 5.35
Growth −20.1% +55.1% +0.9% +4.5% +9.7% +7.8% +5.8% +0.9% +21.0%
242.6 242.6 243.8 245.6 247.0 256.3 258.4 262.8 266.8 270.5
243.4 244.2 245.8 247.1 248.7 257.6 259.5 263.4 267.4 272.2
Growth +0.3% +0.7% +0.5% +0.6% +3.6% +0.7% +1.5% +1.5% +1.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 8.7% a year over five years, and earnings per share grew 8.9% a year.
  • The diluted share count rose 9.4% in five years, which is dilution.
  • Operating margin is flat at 23.0%.
  • Profitable in every one of the 10 years on file.