COVERAGE / AEP / Utilities

AMERICAN ELECTRIC POWER CO INC

Electric Services

COVERAGE STATUSACTIVE

DATA THROUGH2025-12-31

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$21.7bn

Prior / $19.97bn

Change / +8.67%

SOURCE / 2026-02-12

Operating income

$5.32bn

Prior / $4.3bn

Change / +23.58%

SOURCE / 2026-02-12

Net income

$3.7bn

Prior / $2.98bn

Change / +24.19%

SOURCE / 2026-02-12

Diluted EPS

$6.66

Prior / $5.58

Change / +19.35%

SOURCE / 2026-02-12

Free cash flow

Not available

Prior / Not available

Change / Unavailable

SOURCE / 2026-02-12

Gross margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Operating margin

24.51%

Prior / 21.55%

Change / +2.96 pp

SOURCE / 2026-02-12

Return on avg. equity

12.73%

Prior / 11.40%

Change / +1.32 pp

SOURCE / 2026-02-12

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 21702000000,
    "accn": "0000004904-26-000013",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-12",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 3696000000,
    "accn": "0000004904-26-000013",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-12",
    "frame": "CY2025",
    "tag": "us-gaap:ProfitLoss",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 5319000000,
    "accn": "0000004904-26-000013",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-12",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 6.66,
    "accn": "0000004904-26-000013",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-12",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 6944000000,
    "accn": "0000004904-26-000013",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-12",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 114460000000,
    "accn": "0000004904-26-000013",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-12",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-12-31",
    "val": 82204000000,
    "accn": "0000004904-26-000013",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-12",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 31138000000,
    "accn": "0000004904-26-000013",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-12",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-12-31",
    "val": 6052000000,
    "accn": "0000004904-26-000013",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-12",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-12-31",
    "val": 13314000000,
    "accn": "0000004904-26-000013",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-12",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-12-31	$21.7bn	$3.7bn	Not available	$6.66
2024-12-31	$19.97bn	$2.98bn	Not available	$5.58
2023-12-31	$19.46bn	$2.21bn	Not available	$4.24
2022-12-31	$19.39bn	$2.31bn	Not available	$4.49

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	18.26x	Unavailable	20.46x	6
P/S	3.05x	Unavailable	3.42x	3
P/B	2.13x	Unavailable	2.13x	3
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	Unavailable	Unavailable	1.38%	1

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-05-05 DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 121.62,
  "tradingDate": "2026-09-17",
  "marketCap": 66174044627.1,
  "source": "Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-05-05"
}

Company & operating context

AMERICAN ELECTRIC POWER CO INC is an SEC-reporting issuer listed on NASDAQ under AEP. Its SEC industry description is Electric Services. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Regulated networks and generation businesses have different exposure to tariffs, commodity costs and investment cycles.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-02-12PERIOD / 2025-12-31

Annual-disclosure reading guide for AEP: Capital expenditure, allowed returns, financing needs and operating cash flow. Filing metadata only; this note is not a substantive review of the full document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0008AEPCompany Research

AEP: reading the FY2025 financial structure ↗

AMERICAN ELECTRIC POWER CO INC

Research abstract

Annual revenue of USD 21.702 billion and net income of USD 3.696 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Rate decisions, financing costs, weather, asset reliability and large construction projects.

Capital expenditure, allowed returns, financing needs and operating cash flow.

UTILITIES SYSTEM ↗

Sources & dates

SEC annual filing · 2025-12-31 ↗Source date 2026-02-12
SEC annual filing · 2024-12-31 ↗Source date 2026-02-12
SEC annual filing · 2023-12-31 ↗Source date 2026-02-12
SEC annual filing · 2022-12-31 ↗Source date 2025-02-13
SEC issuer record ↗Source date 2026-09-18