AEP

MKT CAP:$73B

American Electric Power Company, Inc.

Market Cap

$73B

Utilities·Regulated Electric·🇺🇸 United States·NASDAQ

Utilities·Regulated Electric·🇺🇸·NASDAQ

Stock Price

$134.78+$18.97 (+16.38%)

Apr 24, 2026

Company Details

American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through...

CEO

William J. Fehrman

IPO Date

Jan 2, 1962

Website

www.aep.com

Key Metrics TTM

Revenue

$20.5B

+4.2% YoY

Net Income

$2.8B

EPS (Diluted)

$5.19

Free Cash Flow

-$1.3B

Revenue / Share

$38.27

Gross Margin

31.6%

Operating Margin

23.7%

Net Margin

13.5%

FCF Margin

-6.3%

P/S

3.6x

P/E

26.5x

Earnings Reports

Q2 2025

May 5, 2026

PENDING

FY 2025

Feb 12, 2026

$21.8B+9.4%EPS $6.66

Q1 2025

May 6, 2025

$5.6B+10.7%EPS $1.50

FY 2024

Feb 13, 2025

$19.9B+2.8%EPS $5.58

Q4 2024

Feb 13, 2025

$4.7B+0.3%EPS $1.25

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$4.3B	$1.2B	$809M
Q2 21	$3.8B	$1.1B	$791M
Q3 21	$4.5B	$1.3B	$977M
Q4 21	$4.0B	$1.0B	$679M
Q1 22	$4.4B	$1.2B	$833M
Q2 22	$4.5B	$1.2B	$831M
Q3 22	$5.4B	$1.4B	$989M
Q4 22	$4.9B	$1.1B	$747M
Q2 23	$4.5B	$1.4B	$999M
Q3 23	$5.4B	$1.8B	$1.4B
Q4 23	$4.7B	$1.1B	$801M
Q1 24	$5.1B	$1.7B	$1.2B
Q2 24	$4.6B	$1.3B	$876M
Q3 24	$5.5B	$1.8B	$1.4B
Q4 24	$4.7B	$1.5B	$1.1B
Q1 25	$5.6B	$1.9B	$1.5B

Valuation

Quarter	P/S	P/E
Q1 21	2.8x	18.7x
Q2 21	2.7x	18.2x
Q3 21	2.5x	17.1x
Q4 21	2.7x	18.0x
Q1 22	2.9x	18.8x
Q2 22	2.8x	19.0x
Q3 22	2.5x	18.4x
Q4 22	2.6x	21.8x
Q2 23	2.3x	21.0x
Q3 23	1.9x	14.8x
Q4 23	2.3x	20.3x
Q1 24	2.3x	15.9x
Q2 24	2.4x	17.6x
Q3 24	2.7x	20.6x
Q4 24	2.5x	16.4x
Q1 25	2.9x	21.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	-$117M	-$1.7B
Q2 21	$1.2B	-$138M
Q3 21	$1.9B	$627M
Q4 21	$867M	-$747M
Q1 22	$1.6B	-$96M
Q2 22	$1.4B	-$120M
Q3 22	$1.7B	$108M
Q4 22	$555M	-$1.4B
Q2 23	$1.2B	-$868M
Q3 23	$1.8B	$90M
Q4 23	$1.3B	-$342M
Q1 24	$1.4B	-$353M
Q2 24	$1.5B	-$131M
Q3 24	$2.2B	$294M
Q4 24	$1.7B	-$776M
Q1 25	$1.4B	-$686M

Capital Expenditures

Quarter	CapEx
Q1 21	$1.5B
Q2 21	$1.3B
Q3 21	$1.3B
Q4 21	$1.6B
Q1 22	$1.7B
Q2 22	$1.5B
Q3 22	$1.6B
Q4 22	$1.9B
Q2 23	$2.0B
Q3 23	$1.7B
Q4 23	$1.7B
Q1 24	$1.8B
Q2 24	$1.6B
Q3 24	$1.9B
Q4 24	$2.5B
Q1 25	$2.1B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+13.9%	+15.9%
Q2 21	+9.3%	+9.0%
Q3 21	+10.9%	+12.7%
Q4 21	+11.8%	+10.5%
Q1 22	+3.7%	+3.9%
Q2 22	+18.6%	+22.2%
Q3 22	+20.3%	+25.6%
Q4 22	+22.6%	+25.1%
Q2 23	+1.3%	-3.0%
Q3 23	+18.5%	+8.1%
Q4 23	-13.3%	-12.0%
Q1 24	+3.0%	-8.3%
Q2 24	+2.9%	+7.2%
Q3 24	+2.5%	+2.0%
Q4 24	+0.3%	-7.2%
Q1 25	+10.7%	+8.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$63M	1.3%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$51M	1.1%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$676M	$209M	$884M
Q2 22	$575M	$192M	$767M
Q3 22	$522M	$202M	$724M
Q4 22	$509M	$188M	$697M
Q1 23	$344M	$195M	$538M
Q2 23	$305M	$203M	$507M
Q3 23	$353M	$211M	$564M
Q4 23	$330M	$214M	$544M
Q1 24	$231M	$217M	$448M
Q2 24	$203M	$226M	$428M
Q3 24	$246M	$229M	$474M
Q4 24	$203M	$215M	$418M
Q1 25	$257M	$207M	$464M
Q2 25	$227M	$212M	$439M
Q3 25	$1.1B	$225M	$1.3B
Q4 25	$268M	$220M	$488M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	498M	+0.1%	+0.3%
Q2 21	501M	+0.6%	+0.7%
Q3 21	503M	+0.3%	+1.0%
Q4 21	505M	+0.4%	+1.4%
Q1 22	508M	+0.6%	+1.9%
Q2 22	515M	+1.5%	+2.8%
Q3 22	515M	+0.0%	+2.5%
Q4 22	514M	-0.2%	+1.9%
Q2 23	516M	+0.4%	+1.7%
Q3 23	521M	+1.0%	+1.2%
Q4 23	524M	+0.5%	+1.7%
Q1 24	528M	+0.7%	+2.6%
Q2 24	530M	+0.5%	+2.7%
Q3 24	534M	+0.7%	+2.3%
Q4 24	531M	-0.4%	+1.4%
Q1 25	535M	+0.6%	+1.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	$255.0K	17K
Q2 21	$227.0K	17K
Q3 21	$267.8K	17K
Q4 21	$241.9K	17K
Q1 22	$266.1K	17K
Q2 22	$270.8K	17K
Q3 22	$324.0K	17K
Q4 22	$291.5K	17K
Q2 23	$265.0K	17K
Q3 23	$315.3K	17K
Q4 23	$271.8K	17K
Q1 24	$295.4K	17K
Q2 24	$268.3K	17K
Q3 24	$318.2K	17K
Q4 24	$280.0K	17K
Q1 25	$335.7K	17K

Revenue / Employee