Ameren (AEE): financials, SEC filings and peers
Ameren (AEE) is a multi-utilities company in the Utilities sector of the S&P 500, headquartered in St. Louis, Missouri.
It was founded in 1902 and joined the S&P 500 on September 19, 1991.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Electric & Other Services Combined”.
Ameren at a glance
- Revenue (12 months)
- $8.7B
- Revenue growth
- +3.8%
- Operating margin
- 24.9%
- Net income (12 months)
- $1.6B
- Free cash flow (12 months)
- −$1.4B
- Cash
- $12M
- Debt
- $21.8B
- Diluted EPS (12 months)
- $5.68
Twelve months to June 30, 2026, from the 10-Q filed August 3, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Ameren reported revenue of $8.7 billion, about the same as a year earlier (+3.8%).
Its operating margin was 24.9%, up 5.6 percentage points from a year earlier: for every $100 of sales, about $25 was left as operating profit.
Net income was $1.6 billion (17.9% of revenue), 27.3% higher than a year earlier.
Operating cash flow was $3.3 billion and capital spending $4.7 billion, leaving free cash flow of −$1.4 billion (-16.0% of revenue). Capital spending equal to 53% of revenue is high; the company is investing heavily.
At the end of the period it held $12 million in cash and $21.8 billion in debt, a net debt position of $21.8 billion.
The diluted share count rose 2.6% in a year, which dilutes existing shareholders.
Five-year trend
- Revenue went from $5.8 billion in fiscal 2020 to $8.8 billion in fiscal 2025, about 8.7% a year.
- Operating margin has been steady, around 23.0%.
- Free cash flow was negative in 6 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.4B | $8.0B | $7.5B | $7.6B | $8.8B |
| Revenue growth | 10.4% | 24.4% | -5.7% | 1.6% | 15.4% |
| Operating margin | 20.8% | 19.0% | 20.8% | 19.9% | 23.0% |
| Net income | $995M | $1.1B | $1.2B | $1.2B | $1.5B |
| Free cash flow | −$1.8B | −$1.1B | −$1.0B | −$1.6B | −$775M |
| Diluted EPS | $3.84 | $4.14 | $4.38 | $4.42 | $5.35 |
Fiscal years as reported in Ameren’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 18, 2026 — Other event
- 8-K filed August 24, 2026 — Other event
- 8-K filed August 4, 2026 — Other event
- 10-Q filed August 3, 2026 — quarterly report
- 8-K filed July 30, 2026 — Earnings results; Other event
- 8-K filed June 29, 2026 — Other event
- 8-K filed June 26, 2026 — Other event
- 8-K filed May 18, 2026 — Shareholder vote results
Companies like Ameren
Other S&P 500 companies in Multi-Utilities:
- CMSCMS EnergyJackson, Michigan
- CNPCenterPoint EnergyHouston, Texas
- DDominion EnergyRichmond, Virginia
- DTEDTE EnergyDetroit, Michigan
- EDConsolidated EdisonNew York City, New York
- NEENextEra EnergyJuno Beach, Florida
- NINiSourceMerrillville, Indiana
- PCGPG&E CorporationOakland, California
More from Utilities
Questions about Ameren
Is Ameren's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $8.7 billion, up 3.8% from a year earlier, according to its SEC filings.
Is Ameren profitable?
Yes. It earned $1.6 billion in net income over the twelve months to June 30, 2026, a net margin of 17.9%.
Does Ameren have more cash or more debt?
At June 30, 2026 it had $12 million in cash and $21.8 billion in debt, so more debt than cash.
When did Ameren last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 3, 2026.
Which companies are similar to Ameren?
In the S&P 500, Ameren is grouped in Multi-Utilities within the Utilities sector. CMS Energy (CMS), CenterPoint Energy (CNP), Dominion Energy (D), DTE Energy (DTE), Consolidated Edison (ED) are in the same group.
Understand the numbers
Source: Ameren’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.