Ameren: revenue, profit and dividends

In fiscal 2025, Ameren had revenue of $8.8B, up 3.7% a year on average since 2015, and net income of $1.46B (16.5% of revenue). Its dividend per share has gone up 12 years in a row, to $2.84. It has 12% more shares than in 2015.

Revenue, fiscal 2025

$8.8B+3.7% a year

average annual revenue growth since 2015 · +15.4% vs 2024

Net income, 2025

$1.46B

16.5% of revenue

Diluted EPS, 2025

$5.35

7.5% a year since 2015

Dividend per share, 2025

$2.84

raised 12 years in a row

Revenue growth, 5 years

8.7% a year

since 2020

Shares, 2025

272M

+11.7% since 2015

Free cash flow, 2025

−$775M

$3.35B from operations − $4.13B capex

Ticker: AEE · NYSE
Sector: Utilities
Sub-industry: Multi-Utilities
Headquarters: St. Louis, Missouri
Founded: 1902
In the S&P 500 since: September 19, 1991
Latest fiscal year: 2025, ended December 31, 2025
SEC filer: Ameren Corp · CIK 0001002910

Revenue and net income

Revenue went from $7.56B in 2007 to $8.8B in 2025. Net loss in 2012.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $2.78 in 2009 to $5.35 in 2025. Ten-year growth: 7.5% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 12 years in a row, every year from 2014 to 2025. Ten-year growth: 5.5% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

11.7% more shares in 2025 than in 2015 (244M → 272M): new shares outweighed buybacks.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was −$775M in 2025, −8.8% of revenue. Negative in 2007–2008, 2014, 2017–2025.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2025	$8.8B	$1.46B	16.5%	$5.35	$2.84	272M	$3.35B	$4.13B	−$775M
2024	$7.62B	$1.18B	15.5%	$4.42	$2.68	267M	$2.76B	$4.32B	−$1.56B
2023	$7.5B	$1.15B	15.4%	$4.38	$2.52	263M	$2.56B	$3.6B	−$1.03B
2022	$7.96B	$1.07B	13.5%	$4.14	$2.36	260M	$2.26B	$3.35B	−$1.09B
2021	$6.39B	$990M	15.5%	$3.84	$2.20	258M	$1.66B	$3.48B	−$1.82B
2020	$5.79B	$871M	15.0%	$3.50	$2.00	249M	$1.73B	$3.23B	−$1.51B
2019	$5.91B	$828M	14.0%	$3.35	$1.92	247M	$2.17B	$2.41B	−$241M
2018	$6.29B	$815M	13.0%	$3.32	$1.85	246M	$2.17B	$2.29B	−$116M
2017	$6.17B	$523M	8.5%	$2.14	$1.78	244M	$2.12B	$2.13B	−$14M
2016	$6.08B	$653M	10.7%	$2.68	$1.72	243M	$2.12B	$2.08B	$41M
2015	$6.1B	$630M	10.3%	$2.59	$1.66	244M	$2.03B	$1.92B	$114M
2014	$6.05B	$586M	9.7%	$2.40	$1.61	244M	$1.56B	$1.78B	−$220M
2013	$5.84B	$289M	5.0%	$1.18	$1.60	244M	$1.69B	$1.38B	$314M
2012	$5.78B	−$974M	−16.8%	−$4.01	$1.60	243M	$1.69B	$1.06B	$627M
2011	$6.15B	$519M	8.4%	$2.15	$1.55	242M	$1.88B	$881M	$997M
2010	$7.64B	$139M	1.8%	$0.58	$1.54	—	$1.82B	$1.04B	$781M
2009	$7.13B	$612M	8.6%	$2.78	$1.54	—	$1.97B	$1.71B	$257M
2008	$7.87B	$605M	7.7%	—	$2.54	—	$1.52B	$1.9B	−$372M
2007	$7.56B	$618M	8.2%	—	$2.54	—	$1.11B	$1.38B	−$273M