American Electric Power

Utilities Electric Utilities Columbus, Ohio Last filing Feb 12, 2026 · FY2025

                    Revenue
                    FY2025
                
$21.9B
                    3y CAGR +3.7%
                    
                    P57
                    
                    +10.9%
                    
                    Net income
                    FY2025
                
$3.7B
                    Net margin +16.9%
                    
                    P77
                    
                    +24.2%
                    
                    Total assets
                    FY2025
                
$114.5B
                    ROA +3.2%
                    
                    P84
                    
                    +11.0%
                    
                    Operating cash flow
                    FY2025
                
$6.9B
                    FCF margin -22.7%
                    
                    P24
                    
                    +2.1%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

23 accounts · 5 years

Total assets $114.5B

Total liabilities $82.2B

Shareholders equity $31.1B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	0.4%	0.4%	0.6%	0.8%	0.8%
Accounts Receivable	2.5%	2.6%	2.5%	2.9%	2.2%
Other Current Assets	2.4%	2.6%	3.1%	3.6%	5.9%
Total Current Assets	5.3%	5.6%	6.3%	7.3%	8.9%
Property,Plant and Equipment	80.7%	80.0%	79.3%	78.5%	75.3%
Regulatory Assets	5.0%	5.5%	5.6%	5.6%	5.4%
Other Noncurrent Assets	9.0%	8.9%	8.8%	4.6%	5.4%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Current Portion of Long Term Debt	4.1%	5.7%	5.5%	7.1%	5.4%
Other Current Liabilities	7.5%	6.9%	6.5%	7.1%	8.7%
Total Current Liabilities	11.6%	12.6%	12.0%	14.2%	14.2%
Long Term Debt	38.6%	38.1%	38.9%	36.7%	35.7%
Regulatory Liabilities	7.3%	8.1%	8.5%	8.7%	9.9%
Other Noncurrent Liabilities	14.3%	14.9%	14.4%	14.5%	14.3%
Total Liabilities	71.8%	73.8%	73.8%	74.1%	74.1%
Equity
Total Stockholders Equity	27.2%	26.1%	26.1%	25.6%	25.6%
Common Stock	3.1%	3.4%	3.5%	3.7%	3.9%
Additional Paid In Capital	10.6%	9.3%	9.4%	8.6%	8.2%
Retained Earnings	13.5%	13.5%	13.2%	13.2%	13.3%
Accumulated Other Comprehensive Income	0.0%	-0.0%	-0.1%	0.1%	0.2%
Noncontrolling Interest	0.9%	0.0%	0.0%	0.2%	0.3%
Temporary Equity and Other	0.0%	0.0%	0.0%	0.0%	0.0%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $21.9B

Operating income $5.3B

Net income $3.7B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	19.1%	19.1%	19.6%	21.0%	38.3%
Expenses Cost of Revenue	6.1%	5.8%	6.8%	7.6%	—
Expenses Selling,General and Administrative	1.3%	1.3%	1.3%	1.3%	1.3%
Expenses Depreciation and Amortization	3.0%	3.2%	3.2%	3.4%	—
Expenses Other Operating Expenses	4.1%	4.7%	4.6%	4.9%	4.5%
Other Income Expense Operating Income	4.6%	4.2%	3.7%	3.7%	3.9%
Other Income Expense Interest Expense	1.8%	1.8%	1.9%	1.5%	1.4%
Other Income Expense Other Income/expense	0.4%	0.4%	0.5%	0.4%	0.3%
Other Income Expense Income Before Tax	3.3%	2.8%	2.3%	2.6%	2.9%
Income Tax Income Tax Expense	0.1%	-0.0%	0.1%	0.0%	0.1%
net Income Other Items Below Tax	0.1%	0.1%	0.1%	-0.1%	-3.1%
net Income net Income	3.2%	2.9%	2.3%	2.5%	2.8%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.5%	0.5%	0.5%	0.5%	0.6%
Earnings Per Share Weighted Average Shares Diluted	0.5%	0.5%	0.5%	0.5%	0.6%

Cash Flow Statement

Operating, investing, and financing flows

13 accounts · 5 years

Operating cash flow $6.9B

Investing cash flow $-11.9B

Financing cash flow $5.0B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Cash From Operating Activities	6.1%	6.6%	5.2%	5.7%	4.4%
Operating Activities net Income	3.2%	2.9%	2.3%	2.5%	2.8%
Operating Activities Depreciation and Amortization	3.0%	3.3%	3.3%	3.5%	3.5%
Operating Activities Other Non Cash Items	-0.2%	0.4%	-0.4%	-0.3%	-1.9%
Investing Activities Capital Expenditures	-10.4%	-7.8%	-7.8%	-8.4%	-6.5%
Investing Activities Other Investing Activities	-0.0%	0.4%	1.3%	0.1%	-0.0%
Investing Activities net Cash From Investing Activities	-10.4%	-7.4%	-6.5%	-8.3%	-7.3%
Financing Activities Proceeds From Debt	7.5%	5.7%	6.8%	5.9%	9.0%
Financing Activities Repayment of Debt	-3.8%	-3.5%	-3.5%	-3.9%	-4.4%
Financing Activities Dividends Paid	-1.8%	-1.8%	-1.8%	-1.8%	1.7%
Financing Activities Other Financing Activities	2.5%	0.3%	-0.3%	2.5%	0.1%
Financing Activities net Cash From Financing Activities	4.4%	0.6%	1.1%	2.8%	3.0%
Cash Reconciliation net Change In Cash	0.0%	-0.1%	-0.2%	0.1%	0.0%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+67.9%	+69.9%	+65.3%	+63.9%	—
Operating margin	+24.3%	+21.8%	+18.7%	+17.7%	+10.2%
Net margin	+16.9%	+15.1%	+11.7%	+11.7%	+7.4%
FCF margin	-22.7%	-6.2%	-13.3%	-13.2%	-5.4%
Growth
Revenue CAGR (3y)	+3.7%	-16.3%	-14.0%	-14.2%	+1.2%
Returns
ROE	+11.9%	+11.0%	+8.8%	+9.6%	+11.1%
ROA	+3.2%	+2.9%	+2.3%	+2.5%	+2.8%
ROIC	+6.5%	+6.0%	+5.1%	+5.4%	+5.6%
Liquidity
Current ratio	0.45x	0.44x	0.53x	0.51x	0.63x
Quick ratio	0.25x	0.24x	0.26x	0.26x	0.21x
Leverage
D/E	2.64x	2.82x	2.83x	2.90x	2.90x
Interest coverage	2.63x	2.31x	1.97x	2.49x	2.84x
Efficiency
Asset turnover	0.19x	0.19x	0.20x	0.21x	0.38x
Cash conversion cycle	—	—	—	—	—

Valuation

Price against fundamentals

AEP $133 · 2026-04-02 · 212d old · FY2025

Market cap $71.3B

P/E 19.29x

P/S 3.26x

P/B 2.29x

EV $119.7B

EV/EBITDA 13.75x

FCF yield -7.0%

Dividend yield +2.8%

Notes

Your annotations

Not watched