American Electric Power
AEP
122.08
+0.41
+0.34%
American Electric Power
US · AEP
#343 by market cap
Listed 1970
122.08
+0.41
+0.34%
Live - 5344 symbols - heartbeat 79s ago
· 2026-10-08 06:28
Pre-market
122.52
+0.36%
After-hours
122.11
+0.02%
Overnight
121.92
-0.13%
- Market cap
- 66.46B
- P/E (TTM)i
- 21.16
- P/Bi
- 2.07
- EPSi
- 6.66
- Div yieldi
- 3.10%
- 52W posi
- 41%
Reader sentiment
Are you bullish or bearish on AEP?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.94, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +10.93% YoY
Margins
- Gross margin
- 61.01%
- Operating margin
- 24.62%
- Net margin
- 16.37%
Key ratios & quality
- Enterprise valuei
- 114.97B
- PEG ratioi
- 1.34
- Altman Z-Scorei
- 0.94
PEG uses trailing P/E against the 3-year net income growth rate (15.77%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16.20B | 15.56B | 14.92B | 16.79B | 19.64B | 18.98B | 19.72B | 21.88B |
| Gross profit | 9.16B | 9.24B | 9.54B | 10.20B | 11.29B | 11.13B | 12.46B | 13.35B |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 2.75B | 2.75B | 2.99B | 3.42B | 3.78B | 3.74B | 4.45B | 5.39B |
| Pretax profit | 1.97B | 1.83B | 2.15B | 2.51B | 2.42B | 2.21B | 2.84B | 3.72B |
| Tax | 115.30M | -12.90M | 40.50M | 115.50M | 5.40M | 55.00M | -39.00M | 129.00M |
| Net profit | 1.93B | 1.92B | 2.20B | 2.49B | 2.31B | 2.21B | 2.98B | 3.70B |
| Basic EPS | 4 | 4 | 4 | 5 | 5 | 4 | 6 | 7 |
| Diluted EPS | 3.90 | 3.88 | 4.42 | 4.96 | 4.49 | 4.24 | 5.58 | 6.66 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 5.46B | 5.09B | 6.01B | 5.32B | 6.02B | 5.45B |
| Gross profit | 3.29B | 3.16B | 3.63B | 3.27B | 3.49B | 3.40B |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.28B | 1.40B | 1.52B | 1.18B | 1.39B | 1.25B |
| Pretax profit | 889.00M | 1.02B | 1.12B | 699.80M | 922.00M | 770.00M |
| Tax | 125.00M | -251.00M | 138.70M | 115.70M | 44.00M | 52.00M |
| Net profit | 802.00M | 1.29B | 1.00B | 605.20M | 903.00M | 747.00M |
| Basic EPS | 2 | 2 | 2 | 1 | 2 | 1 |
| Diluted EPS | 1.50 | 2.29 | 1.81 | 1.07 | 1.60 | 1.30 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 4.11B | 4.08B | 4.35B | 7.81B | 6.78B | 6.08B | 5.79B | 6.05B |
| Cash & ST investments | 393.20M | 449.50M | 593.50M | 623.80M | 697.00M | 544.40M | 418.00M | 417.00M |
| Inventory | 921.10M | 1.17B | 1.31B | 989.20M | 1.35B | 1.88B | 1.72B | 1.62B |
| Total assets | 68.80B | 75.89B | 80.76B | 87.67B | 93.40B | 96.68B | 103.08B | 114.46B |
| Total current liabilities | 8.65B | 10.30B | 9.93B | 12.43B | 13.27B | 11.58B | 13.01B | 13.31B |
| Short-term debt | 3.61B | 4.67B | 4.81B | 4.87B | 6.71B | 5.44B | 5.95B | 4.80B |
| Long-term debt | 21.65B | 25.13B | 28.99B | 31.30B | 34.31B | 37.65B | 39.31B | 44.13B |
| Total liabilities | 49,743,400,000.00 | 55,979,100,000.00 | 59,982,700,000.00 | 64,988,500,000.00 | 69,280,900,000.00 | 71,398,100,000.00 | 76,092,000,000.00 | 82,242,000,000.00 |
| Total equity | 19.06B | 19.91B | 20.77B | 22.68B | 24.12B | 25.29B | 26.99B | 32.22B |
| Retained earnings | 9.33B | 9.90B | 10.69B | 11.67B | 12.35B | 12.80B | 13.87B | 15.44B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 5.94B | 6.32B | 6.86B | 6.05B | 6.62B | 7.13B |
| Cash & ST investments | 463.60M | 439.30M | 1.29B | 417.00M | 516.00M | 603.00M |
| Inventory | 1.58B | 1.62B | 1.59B | 1.62B | 1.67B | 1.79B |
| Total assets | 104.39B | 107.78B | 110.25B | 114.46B | 117.78B | 121.57B |
| Total current liabilities | 14.24B | 11.44B | 10.00B | 13.31B | 12.59B | 14.16B |
| Short-term debt | 7.62B | 4.81B | 3.15B | 4.80B | 4.35B | 4.94B |
| Long-term debt | 38.81B | 41.31B | 44.24B | 44.13B | 46.85B | 47.99B |
| Total liabilities | 77,030,600,000.00 | 76,810,100,000.00 | 78,774,200,000.00 | 82,242,000,000.00 | 84,798,000,000.00 | 88,281,000,000.00 |
| Total equity | 27.36B | 30.97B | 31.48B | 32.22B | 32.98B | 33.29B |
| Retained earnings | 14.17B | 14.90B | 15.37B | 15.44B | 15.80B | 15.99B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 5.22B | 4.27B | 3.83B | 3.84B | 5.29B | 5.01B | 6.80B | 6.94B |
| Depreciation & amortization | 2.40B | 2.74B | 2.91B | 3.05B | 3.29B | 3.19B | 3.39B | 3.49B |
| Free cash flow | -1.13B | -1.87B | -2.48B | -1.92B | -1.48B | -2.49B | -967.00M | -1.64B |
| Dividends paid | -1.26B | -1.35B | -1.42B | -1.52B | -1.65B | -1.75B | -1.90B | -2.01B |
| Stock buybacks / issuance | 73.60M | 65.30M | 155.00M | 600.50M | 826.50M | 1.00B | 552.00M | 775.00M |
| Ending cash balance | 444.10M | 432.60M | 438.30M | 451.40M | 556.50M | 379.00M | 246.00M | 268.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 1.45B | 1.22B | 2.46B | 1.81B | 1.52B | 1.90B |
| Depreciation & amortization | 833.00M | 854.00M | 879.10M | 922.90M | 907.00M | 910.00M |
| Free cash flow | -686.00M | -2.07B | 1.79B | -679.70M | -2.29B | -1.26B |
| Dividends paid | -500.00M | -499.00M | -498.90M | -510.10M | -520.00M | -519.00M |
| Stock buybacks / issuance | 75.00M | 57.00M | 55.50M | 587.50M | 358.00M | 47.00M |
| Ending cash balance | 292.00M | 279.00M | 1.11B | 268.00M | 339.00M | 447.00M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 10.31 | 9.94 | 10.95 | 11.58 | 9.96 | 8.99 | 11.37 | 12.33 |
| ROA %i | 2.88 | 2.66 | 2.81 | 2.95 | 2.55 | 2.32 | 2.97 | 3.29 |
| ROIC %i | 6.65 | 5.73 | 6.36 | 6.37 | 6.00 | 5.96 | 6.15 | 7.22 |
| 5-year avg ROE %i | 9.24 | 9.25 | 9.08 | 10.70 | 10.55 | 10.28 | 10.57 | 10.84 |
| EBIT margin %i | 18.26 | 18.68 | 22.20 | 22.10 | 19.43 | 21.15 | 23.86 | 26.28 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.48 | 0.40 | 0.44 | 0.63 | 0.51 | 0.53 | 0.45 | 0.45 |
| Quick ratioi | 0.27 | 0.22 | 0.26 | 0.22 | 0.26 | 0.27 | 0.24 | 0.25 |
| Debt / assetsi | 36.71 | 40.23 | 42.64 | 41.82 | 44.52 | 45.10 | 44.40 | 43.25 |
| LT debt / equityi | 113.77 | 131.73 | 144.15 | 141.73 | 145.93 | 151.20 | 147.76 | 143.57 |
| Interest coveragei | 3.00 | 2.71 | 2.84 | 3.09 | 2.73 | 2.22 | 2.53 | 2.84 |
| Revenue CAGR (3Y) %i | -0.52 | -1.69 | -1.11 | 1.21 | 8.07 | 8.36 | 5.51 | 3.66 |
| Net income CAGR (3Y) %i | -2.05 | 46.51 | 4.78 | 8.95 | 6.29 | 0.12 | 6.04 | 15.77 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 10.41 | 13.03 | 12.85 | 12.33 | 12.36 | 10.14 |
| ROA %i | 2.73 | 3.52 | 3.48 | 3.29 | 3.29 | 2.74 |
| ROIC %i | 6.29 | 6.94 | 7.48 | 7.22 | 7.24 | 6.30 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 23.89 | 26.77 | 26.71 | 26.28 | 26.03 | 24.96 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.42 | 0.55 | 0.69 | 0.45 | 0.53 | 0.50 |
| Quick ratioi | 0.22 | 0.29 | 0.42 | 0.25 | 0.29 | 0.28 |
| Debt / assetsi | 44.95 | 43.26 | 43.44 | 43.25 | 43.96 | 44.01 |
| LT debt / equityi | 143.89 | 140.00 | 147.21 | 143.57 | 149.09 | 151.36 |
| Interest coveragei | 2.51 | 2.84 | 2.90 | 2.84 | 2.80 | 2.61 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Vertically Integrated Utilities (VIU) is the largest reported line at 57.30% of revenue, across 6 reported segments.
- Transmission and Distribution Utilities (T&D) follows at 29.07%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Vertically Integrated Utilities (VIU)57.30%
Transmission and Distribution Utilities (T&D)29.07%
Generation & Marketing (G&M)13.02%
American Electric Power Transmission Holdco (AEPTHCo)11.20%
Corporate and Other0.55%
Quote time 2026-10-08 06:28:48 · For reference only, not investment advice and not tailored to your situation.