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

Running CAGR since the earliest displayed year.

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	-7.7%	-11.8%	-6.0%	+10.8%	—
Accounts Receivable	+10.2%	+10.7%	+12.3%	+37.4%	—
Other Current Assets	-15.1%	-19.6%	-23.5%	-35.3%	—
Total Current Assets	-6.2%	-9.5%	-11.7%	-13.2%	—
Property,Plant and Equipment	+8.8%	+7.7%	+7.8%	+11.1%	—
Regulatory Assets	+5.1%	+6.6%	+7.5%	+10.9%	—
Other Noncurrent Assets	+21.2%	+24.5%	+33.4%	-9.3%	—
Total Assets	+6.9%	+5.5%	+5.0%	+6.5%	—
Liabilities
Current Portion of Long Term Debt	-0.3%	+7.1%	+5.6%	+38.4%	—
Other Current Liabilities	+3.0%	-2.3%	-9.6%	-12.9%	—
Total Current Liabilities	+1.7%	+1.5%	-3.5%	+6.8%	—
Long Term Debt	+9.0%	+7.9%	+9.7%	+9.6%	—
Regulatory Liabilities	-0.9%	-1.3%	-2.9%	-6.6%	—
Other Noncurrent Liabilities	+7.0%	+7.1%	+5.5%	+8.0%	—
Total Liabilities	+6.1%	+5.4%	+4.8%	+6.6%	—
Equity
Total Stockholders Equity	+8.5%	+6.3%	+6.1%	+6.5%	—
Common Stock	+0.8%	+0.6%	+0.3%	+0.1%	—
Additional Paid In Capital	+14.1%	+10.2%	+12.5%	+12.2%	—
Retained Earnings	+7.3%	+5.9%	+4.7%	+5.8%	—
Accumulated Other Comprehensive Income	-33.6%	—	—	-54.7%	—
Noncontrolling Interest	+44.6%	-44.6%	-60.2%	-7.3%	—
Temporary Equity and Other	-3.2%	-4.3%	-0.9%	+6.0%	—
Total Liabilitiesand Equity	+6.9%	+5.5%	+5.0%	+6.5%	—

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	-10.2%	-16.3%	-24.8%	-41.5%	—
Expenses Cost of Revenue	—	—	—	—	—
Expenses Selling,General and Administrative	+7.5%	+5.7%	+6.7%	+11.4%	—
Expenses Depreciation and Amortization	—	—	—	—	—
Expenses Other Operating Expenses	+4.1%	+7.2%	+6.5%	+16.5%	—
Other Income Expense Operating Income	+11.7%	+8.1%	+2.1%	+2.1%	—
Other Income Expense Interest Expense	+14.0%	+15.8%	+22.8%	+16.4%	—
Other Income Expense Other Income/expense	+9.5%	+10.3%	+23.9%	+11.4%	—
Other Income Expense Income Before Tax	+10.3%	+4.2%	-6.2%	-3.6%	—
Income Tax Income Tax Expense	+2.8%	—	-31.0%	-95.3%	—
net Income Other Items Below Tax	—	—	—	—	—
net Income net Income	+10.4%	+6.2%	-5.7%	-7.3%	—
Earnings Per Share Diluted Eps	+7.6%	+4.0%	-7.5%	-9.5%	—
Earnings Per Share Weighted Average Shares Basic	+1.7%	+1.9%	+1.8%	+2.3%	—
Earnings Per Share Weighted Average Shares Diluted	+1.7%	+1.9%	+1.8%	+2.3%	—

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	+16.0%	+21.0%	+14.2%	+37.7%	—
Operating Activities net Income	+10.4%	+6.2%	-5.7%	-7.3%	—
Operating Activities Depreciation and Amortization	+3.4%	+3.7%	+2.3%	+7.9%	—
Operating Activities Other Non Cash Items	—	—	—	—	—
Investing Activities Capital Expenditures	—	—	—	—	—
Investing Activities Other Investing Activities	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Proceeds From Debt	+2.2%	-9.5%	-8.9%	-30.4%	—
Financing Activities Repayment of Debt	—	—	—	—	—
Financing Activities Dividends Paid	—	—	—	—	—
Financing Activities Other Financing Activities	+150.6%	+67.6%	—	+3212.2%	—
Financing Activities net Cash From Financing Activities	+17.8%	-36.8%	-35.7%	-1.5%	—
Cash Reconciliation net Change In Cash	+13.8%	—	—	+702.3%	—

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

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