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Ameren vs Consolidated Edison: revenue, profit, margins and growth compared

Ameren brought in $8.8B of revenue in fiscal 2025, Consolidated Edison $17B in fiscal 2025. Revenue changed by +15.4% at Ameren and +10.2% at Consolidated Edison on the year before, so Ameren grew faster. Ameren kept 16.5% of its revenue as net profit, Consolidated Edison 11.9%.

Side by side, latest fiscal year

AEEED
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$8.8B$17B
Revenue growth+15.4%+10.2%
Net income$1.5B$2B
Net margin16.5%11.9%
Free cash flow-$775Mn/a
Free cash flow margin-8.8%n/a
Earnings per share (diluted)$5.35$5.64
Cash$13M$1.6B
Debt$19.4B$25.8B
Price to earnings18.618.3
Market value$27.5B$38.1B
Dividend yield2.86%n/a
Rank by revenue in sector#33 of 109 · Utilities#15 of 109 · Utilities

Over the years

Revenue
AEE FY2018: $6.3BAEE FY2019: $5.9BAEE FY2020: $5.8BAEE FY2021: $6.4BAEE FY2022: $8BAEE FY2023: $7.5BAEE FY2024: $7.6BAEE FY2025: $8.8BED FY2018: $12.3BED FY2019: $12.6BED FY2020: $12.2BED FY2021: $13.7BED FY2022: $15.7BED FY2023: $14.7BED FY2024: $15.5BED FY2025: $17BFY18FY19FY20FY21FY22FY23FY24FY25
AEE $8.8BED $17B
Net income
AEE FY2018: $815MAEE FY2019: $828MAEE FY2020: $871MAEE FY2021: $990MAEE FY2022: $1.1BAEE FY2023: $1.2BAEE FY2024: $1.2BAEE FY2025: $1.5BED FY2018: $1.4BED FY2019: $1.3BED FY2020: $1.1BED FY2021: $1.3BED FY2022: $1.7BED FY2023: $2.5BED FY2024: $1.8BED FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25
AEE $1.5BED $2B
Net margin
AEE FY2018: 13.0%AEE FY2019: 14.0%AEE FY2020: 15.0%AEE FY2021: 15.5%AEE FY2022: 13.5%AEE FY2023: 15.4%AEE FY2024: 15.5%AEE FY2025: 16.5%ED FY2018: 11.2%ED FY2019: 10.7%ED FY2020: 9.0%ED FY2021: 9.8%ED FY2022: 10.6%ED FY2023: 17.2%ED FY2024: 11.8%ED FY2025: 11.9%FY18FY19FY20FY21FY22FY23FY24FY25
AEE 16.5%ED 11.9%
Revenue growth
AEE FY2019: -6.1%AEE FY2020: -2.0%AEE FY2021: +10.4%AEE FY2022: +24.4%AEE FY2023: -5.7%AEE FY2024: +1.6%AEE FY2025: +15.4%ED FY2019: +1.9%ED FY2020: -2.6%ED FY2021: +11.7%ED FY2022: +14.6%ED FY2023: -6.4%ED FY2024: +5.5%ED FY2025: +10.2%FY19FY20FY21FY22FY23FY24FY25
AEE +15.4%ED +10.2%
Free cash flow
AEE FY2018: -$116MAEE FY2019: -$241MAEE FY2020: -$1.5BAEE FY2021: -$1.8BAEE FY2022: -$1.1BAEE FY2023: -$1BAEE FY2024: -$1.6BAEE FY2025: -$775MED FY2018: -$2.6BED FY2019: -$542MED FY2020: -$1.9BED FY2021: -$1.2BED FY2022: -$530MFY18FY19FY20FY21FY22FY23FY24FY25
AEE -$775MED -$530M

Fiscal years as each company reports them; the two may end in different months.

Questions about Ameren and Consolidated Edison

Which is bigger by revenue, Ameren or Consolidated Edison?

Consolidated Edison is bigger by revenue: $17B in fiscal 2025, against $8.8B for Ameren in fiscal 2025.

Which keeps more of its revenue as profit, Ameren or Consolidated Edison?

Ameren had a net margin of 16.5% in fiscal 2025; Consolidated Edison had 11.9% in fiscal 2025.

Which grew revenue faster, Ameren or Consolidated Edison?

In their latest fiscal years revenue changed by +15.4% at Ameren and +10.2% at Consolidated Edison.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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