Pricing Log in Create free account
Saturday 17 October 2026 Export AEP’s income statement to Excel — free account

American Electric Power Company, Inc.

AEP Utilities Utilities Regulated Electric

American Electric Power Company, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $21.9 billion, up 10.9% from fiscal 2024. In the quarter to June 2026, revenue grew 7.04%, EPS fell 42.8%, free cash flow fell 28.8% and total debt rose 14.8%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years.

127.14 2.85 +2.29%
Market cap
$67.7B
P/E
21.8×
Fwd P/E
20.3×
Dividend yield
2.99%
F-score
6/9
Altman Z
0.91
Beneish M
−2.50
Dividend safety
43/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 2.15
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 1 — 2 — — — — — — 1 —
Insider Ownership 0.13%

Capital & Financial Ratios $m

Market Cap 67,660.00
Revenue 22,791.00
Net Income 3,255.00
Free Cash Flow (2,456.00)
Net Debt 52,161.00
Current Ratio 0.50 (below 1: weak)
Debt/Equity 1.59
P/E ratio 21.81
Fwd P/E 20.30
P/S ratio 3.04
P/B ratio 2.08
Past 5Y EPS Growth 8.58%
This Y EPS Growth 7.05%
Next Y EPS Growth 7.56%
Next Y revenue growth 7.69%
Next 5Y EPS Growth 8.31%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.3×, against a ten-year median of 4.6×; over the ten years it ranged from 3.0× in 2016 to 5.6× in 2026.
P/E against its own 10 years 78.88%
10-year low 10-year high
P/S against its own 10 years 93.51%
10-year low 10-year high
P/B against its own 10 years 76.93%
10-year low 10-year high
EV/Sales against its own 10 years 95.91%
10-year low 10-year high

Dividends

Payout Ratio 0.65
Annual Dividend Rate 3.80
Annual Dividend Yield 2.99%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 3.85
0.95
0.95
0.95
2025 3.74
0.93
0.93
0.93
0.95
2024 3.57
0.88
0.88
0.88
0.93
2023 3.37
0.83
0.83
0.83
0.88
2022 3.17
0.78
0.78
0.78
0.83
2021 3.00
0.74
0.74
0.74
0.78
2020 2.84
0.70
0.70
0.70
0.74
2019 2.71
0.67
0.67
0.67
0.70
2018 2.53
0.62
0.62
0.62
0.67
2017 2.39
0.59
0.59
0.59
0.62
2016 2.27
0.56
0.56
0.56
0.59
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 593 461 488 675
Receivables 2,447 2,632 2,867 3,035
Inventory 1,880 1,715 1,622 1,789
Other 888 694 863 1,336
6,082 5,789 6,052 7,134
2023 2024 2025 Q'26
Payables 2,033 2,638 3,429 3,969
ST’ Debt 5,321 5,859 4,702 4,849
Other 1,904 2,045 2,537 2,854
11,584 13,009 13,314 14,155

Compound Annual Growth %

10y 5y 3y
Sales 2.89% 7.96% 3.66%
Cash Flow 3.87% 12.62% 9.51%
Earnings 5.75% 10.23% 15.77%
Book Value 6.05% 9.17% 10.13%

Revenue $m

Mar Jun Sep Dec Year
’26 6,020 5,445 — — —
’25 5,463 5,087 6,010 5,316 21,876
’24 5,026 4,579 5,420 4,696 19,721
’23 4,691 4,373 5,342 4,577 18,982
’22 4,593 4,640 5,526 4,881 19,640
’21 4,281 3,827 4,623 4,061 16,792
’20 3,748 3,494 4,066 3,611 14,919
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,519 1,902 — — —
’25 1,450 1,221 2,460 1,813 6,944
’24 1,442 1,462 2,173 1,727 6,804
’23 718 1,164 1,794 1,336 5,012
’22 1,622 1,369 1,743 555 5,288
’21 (117) 1,161 1,929 867 3,840
’20 616 1,131 1,176 911 3,833
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1,324) (912) — — —
’25 (686) (708) 447 (667) (1,614)
’24 (353) (131) 659 (780) (605)
’23 (1,374) (868) 1,425 (336) (1,153)
’22 (95) 89 115 (1,375) (1,266)
’21 (1,666) (125) 631 (645) (1,805)
’20 (1,178) (358) (300) (575) (2,412)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.61 1.31 — — —
’25 1.50 2.29 1.82 1.09 6.70
’24 1.91 0.64 1.80 1.25 5.60
’23 0.77 1.01 1.83 0.64 4.26
’22 1.41 1.02 1.33 0.75 4.51
’21 1.16 1.16 1.59 1.07 4.97
’20 1.00 1.05 1.51 0.88 4.44
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 56.75 61.82 62.71 72.26 65.14 74.80 80.30 69.38 75.22 89.91

Analyst estimates 2026–2028

Powerpack
High 71.32 78.07 81.05 96.22 104.97 91.49 105.60 98.32 105.18 124.80
People
People Employees 17,634 17,666 17,582 17,408 16,787 16,688 16,974 17,250 16,330 17,581
Revenue/emp, $m 0.93 0.87 0.92 0.89 0.89 1.01 1.16 1.10 1.21 1.24
Income, $m
Income, $m Revenue 16,380 15,425 16,196 15,561 14,919 16,792 19,640 18,982 19,721 21,876
Gross margin, % 65.02 65.56 64.27 67.19 70.71 67.45 63.86 65.35 69.90 67.86
EBT 476 2,816 1,974 1,835 2,146 2,512 2,420 2,209 2,843 3,724
EBT margin, % 2.90 18.26 12.19 11.79 14.39 14.96 12.32 11.64 14.42 17.02
Net income 618 1,929 1,931 1,920 2,197 2,488 2,306 2,213 2,976 3,696
Depreciation 2,091 2,126 2,400 2,740 2,907 3,046 3,286 3,187 3,393 3,489
Per share, $
Per share, $ Revenue 33.33 31.36 32.87 31.52 30.09 33.55 38.37 36.58 37.20 40.93
Earnings 1.24 3.89 3.90 3.89 4.44 4.97 4.51 4.26 5.60 6.70
Cash flow 9.20 8.68 10.60 8.65 7.73 7.67 10.33 9.66 12.84 12.99
Capex (10.21) (7.40) (12.90) (12.44) (12.60) (11.28) (12.81) (11.88) (13.98) (16.01)
Free cash flow (1.01) 1.28 (2.30) (3.80) (4.87) (3.61) (2.47) (2.22) (1.14) (3.02)
Book value 35.44 37.24 38.68 40.34 41.91 45.31 47.13 48.73 50.91 60.27
Shares, m 491 492 493 494 496 501 512 519 530 535
Valuation, ×
Valuation, × P/E 50.61 18.66 19.16 24.30 18.75 17.87 21.04 19.57 16.47 17.21
P/S 1.88 2.31 2.27 3.00 2.77 2.65 2.47 2.27 2.48 2.82
P/B 1.77 1.94 1.93 2.34 1.99 1.96 2.01 1.71 1.81 1.91
EV/Sales 3.19 3.75 3.80 4.86 4.97 4.76 4.52 4.51 4.75 5.03
EV/FCF (105.45) 91.72 (54.23) (40.34) (30.76) (44.27) (70.06) (74.19) (154.70) (68.14)
Cash, $m
Cash, $m Operating cash flow 4,522 4,270 5,223 4,270 3,833 3,840 5,288 5,012 6,804 6,944
Capex (5,017) (3,640) (6,357) (6,144) (6,245) (5,645) (6,554) (6,165) (7,409) (8,558)
Free cash flow (496) 631 (1,134) (1,874) (2,412) (1,805) (1,266) (1,153) (605) (1,614)
Balance, $m
Balance, $m Working capital (3,464) (4,018) (4,535) (6,221) (5,575) (4,617) (6,491) (5,501) (7,220) (7,262)
Total debt 21,969 22,812 25,257 29,564 33,552 36,069 40,913 42,973 45,167 48,830
Net debt 21,427 22,238 24,654 28,929 32,913 35,397 40,169 42,380 44,706 48,342
Shareholders’ equity 17,420 18,314 19,059 19,913 20,775 22,680 24,122 25,286 26,986 32,218
Returns, %
Returns, % ROA 0.98 2.98 2.88 2.66 2.81 2.95 2.55 2.32 2.97 3.29
ROIC 1.87 5.43 3.84 3.32 3.48 3.67 3.39 3.28 3.75 4.13
ROE 3.46 10.70 10.30 9.86 10.81 11.45 9.86 8.94 11.35 12.09
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

American Electric Power Company, Inc. vs peers in Utilities Regulated Electric (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SO Southern Company (The) $102.6B 21.9× 20.8× +0.06% (above 0%: growing) +28.75% (above 0%: growing) +23.51% (above 0%: growing) 75.71% 25.46% Compare
DUK Duke Energy Corporation $92.7B 18.2× 18.4× +1.12% (above 0%: growing) +10.40% (above 0%: growing) −233.81% (below 0%: shrinking) 73.06% 26.99% Compare
NGG National Grid Transco, PLC $79.5B 22.3× 13.6× +10.37% (above 0%: growing) +115.14% (above 0%: growing) −2,663.95% (below 0%: shrinking) 23.34% 0.00% Compare
AEP American Electric Power Company, Inc. $67.7B 21.8× 20.3× +7.04% (above 0%: growing) −42.79% (below 0%: shrinking) −28.81% (below 0%: shrinking) 70.56% 22.90%
D Dominion Energy Inc. $55.3B 22.2× 18.6× +17.59% (above 0%: growing) −57.95% (below 0%: shrinking) +31.64% (above 0%: growing) 67.68% 7.34% Compare
ETR Entergy Corporation $49.7B 26.5× 25.3× +5.85% (above 0%: growing) −1.87% (below 0%: shrinking) −16.71% (below 0%: shrinking) 69.73% 24.13% Compare
XEL Xcel Energy Inc. $46.9B 20.8× 19.2× −5.11% (below 0%: shrinking) +23.68% (above 0%: growing) −37.30% (below 0%: shrinking) 75.22% 22.64% Compare
EXC Exelon Corporation $43.9B 15.9× 16.0× +9.95% (above 0%: growing) 0.00% +49.00% (above 0%: growing) 62.95% 16.41% Compare
ED Consolidated Edison Inc $40.5B 18.4× 17.0× +13.18% (above 0%: growing) +22.06% (above 0%: growing) −30.76% (below 0%: shrinking) 74.22% 13.57% Compare
Median of peers $52.5B 21.3× 18.5× +7.90% +16.23% −23.73% 71.40% 19.52%

All 40 Utilities Regulated Electric stocks →

AEP metrics, ten years each

American Electric Power Company, Inc. (AEP) key facts

  • Strength: American Electric Power Company, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $21.9 billion, up 10.9% from fiscal 2024.
  • Strength: Net income was $3.7 billion, or $6.70 per share (basic), a net margin of 16.4%.
  • American Electric Power Company, Inc. (AEP) is an Utilities Regulated Electric company in the Utilities sector, listed on Nasdaq.
  • As of October 16, 2026, AEP traded at $127.14, a market capitalization of $67.7 billion.
  • At that price the stock trades at 21.8× trailing-twelve-month earnings and 3.0× sales; its P/E is higher than 79% of its own readings over the past ten years.
  • American Electric Power Company, Inc. pays an annual dividend of $3.80 per share, a yield of 2.99%, with a payout ratio of 65.2%.
  • Return on equity was 12.1% and debt-to-equity 1.59.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.91 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

American Electric Power Company, Inc. (AEP) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/AEP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com