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Ameren vs Public Service Enterprise: revenue, profit, margins and growth compared

Ameren brought in $8.8B of revenue in fiscal 2025, Public Service Enterprise $12.2B in fiscal 2025. Revenue changed by +15.4% at Ameren and +18.3% at Public Service Enterprise on the year before, so Public Service Enterprise grew faster. Ameren kept 16.5% of its revenue as net profit, Public Service Enterprise 17.3%. Free cash flow was -$775M at Ameren and $26M at Public Service Enterprise.

Side by side, latest fiscal year

AEEPEG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$8.8B$12.2B
Revenue growth+15.4%+18.3%
Net income$1.5B$2.1B
Net margin16.5%17.3%
Free cash flow-$775M$26M
Free cash flow margin-8.8%0.2%
Earnings per share (diluted)$5.35$4.22
Cash$13M$132M
Debt$19.4B$22.5B
Price to earnings18.615.9
Market value$27.5B$33.4B
Dividend yield2.86%3.76%
Rank by revenue in sector#33 of 109 · Utilities#27 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: $8.8BPEG FY2018: $9.7BPEG FY2019: $10.1BPEG FY2020: $9.6BPEG FY2021: $10.3BPEG FY2022: $11.2BPEG FY2023: $11.2BPEG FY2024: $10.3BPEG FY2025: $12.2BFY18FY19FY20FY21FY22FY23FY24FY25
AEE $8.8BPEG $12.2B
Net income
AEE FY2018: $815MAEE FY2019: $828MAEE FY2020: $871MAEE FY2021: $990MAEE FY2022: $1.1BAEE FY2023: $1.2BAEE FY2024: $1.2BAEE FY2025: $1.5BPEG FY2018: $1.4BPEG FY2019: $1.7BPEG FY2020: $1.9BPEG FY2021: -$648MPEG FY2022: $1BPEG FY2023: $2.6BPEG FY2024: $1.8BPEG FY2025: $2.1BFY18FY19FY20FY21FY22FY23FY24FY25
AEE $1.5BPEG $2.1B
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%PEG FY2018: 14.8%PEG FY2019: 16.8%PEG FY2020: 19.8%PEG FY2021: -6.3%PEG FY2022: 9.2%PEG FY2023: 22.8%PEG FY2024: 17.2%PEG FY2025: 17.3%FY18FY19FY20FY21FY22FY23FY24FY25
AEE 16.5%PEG 17.3%
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%PEG FY2019: +3.9%PEG FY2020: -4.7%PEG FY2021: +7.4%PEG FY2022: +8.9%PEG FY2023: +0.1%PEG FY2024: -8.4%PEG FY2025: +18.3%FY19FY20FY21FY22FY23FY24FY25
AEE +15.4%PEG +18.3%
Free cash flow
AEE FY2018: -$116MAEE FY2019: -$241MAEE FY2020: -$1.5BAEE FY2021: -$1.8BAEE FY2022: -$1.1BAEE FY2023: -$1BAEE FY2024: -$1.6BAEE FY2025: -$775MPEG FY2018: -$999MPEG FY2019: $213MPEG FY2020: $179MPEG FY2021: -$983MPEG FY2022: -$1.4BPEG FY2023: $481MPEG FY2024: -$1.2BPEG FY2025: $26MFY18FY19FY20FY21FY22FY23FY24FY25
AEE -$775MPEG $26M

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

Questions about Ameren and Public Service Enterprise

Which is bigger by revenue, Ameren or Public Service Enterprise?

Public Service Enterprise is bigger by revenue: $12.2B in fiscal 2025, against $8.8B for Ameren in fiscal 2025.

Which keeps more of its revenue as profit, Ameren or Public Service Enterprise?

Ameren had a net margin of 16.5% in fiscal 2025; Public Service Enterprise had 17.3% in fiscal 2025.

Which grew revenue faster, Ameren or Public Service Enterprise?

In their latest fiscal years revenue changed by +15.4% at Ameren and +18.3% at Public Service Enterprise.

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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