AEENYSEElectric & Other Services CombinedFiscal year ends December 31
AMEREN CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$104.01−2.07 (-1.95%)
Close on Oct 19, 2026
- Market cap
- $28.99B
- P/E (TTM)
- 18.3
- Dividend yield
- 2.73%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
23.0%+0.6 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +15.4% | +3.4% | +8.7% | +3.7% | |
| Operating income | +33.6% | +10.2% | +9.3% | +4.9% | |
| EPS, diluted | +21.0% | +8.9% | +8.9% | +7.5% | |
| Dividend per share | +6.0% | +6.4% | +7.3% | +5.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.3% | – | – | |
| Return on assets | 2.7% | – | – | |
| Current ratio | 0.60 | 0.76 | 0.66 | |
| Debt to equity | 1.10 | 1.30 | 1.48 | |
| Net debt to EBITDA | 3.61× | 4.60× | 5.45× | |
| Interest coverage | 3.5× | 3.1× | 2.6× | |
| Capex to revenue | 34.2% | 55.8% | 46.9% | |
| Diluted shares | 243M | 249M | 272M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ameren generated $12.60B from operations and spent $22.19B on capital expenditure, dividends and share buybacks. 85% of that went back into the business.
Generated
$12.60B
Used
$22.19B
Capital expenditure$18.87B85%Dividends$3.32B15%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.5%
×Asset turnover0.24×
×Equity multiplier3.54×
=Return on equity, FY20177.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2017 | 8.5% | 0.24× | 3.54× | 7.3% |
| FY2016 | 10.7% | 0.25× | 3.44× | 9.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 5 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$3.35B
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$3.35B vs –
- Less leverageLong-term debt to assets fell38.7% → 37.6%
- Better liquidityCurrent ratio rose0.66 → 0.66
- No dilutionShare count did not rise267M → 272M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.19 → 0.20