Screener / SEC EDGAR /CIK 0001002910 /10-K filed Feb 18, 2026, compared with Feb 18, 2025 /Numbers from the XBRL of the 10-Ks
Utilities peers:
NYSE Utilities · Electric & Gas Utilities

Ameren AEE

Ameren, formed in 1997 and headquartered in St. 10-K, Item 1

Headquarters
St Louis, MO
Next results
around Feb 10, 2027
Compare with peers Embed

AEE among Utilities peers

Six ratios from the latest 10-K. Each corner is the share of 30 peers the company is above, not a score.

Compare
Revenue growth: 15.4%, above 87% of 30 peers (their median 9.7%) REVENUE GROWTH 15.4% · above 87% Operating margin: 24.9%, above 71% of 28 peers (their median 23.1%) OPERATING MARGIN 24.9% · above 71% Net margin: 17.9%, above 80% of 30 peers (their median 13.6%) NET MARGIN 17.9% · above 80% FCF margin: -16.0%, above 48% of 23 peers (their median -11.5%) FCF MARGIN -16.0% · above 48% Return on capital: 5.2%, above 43% of 28 peers (their median 5.3%) RETURN ON CAPITAL 5.2% · above 43%
AEE Peer median Below the median

What changed

4 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 18, 2026 against Feb 18, 2025.

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +26.7% vs revenue +15.4% (+11.2 pts)
  • Cash from operations $3.4B vs net income $1.5B (FY ending Dec 31, 2025)
9 more checks with nothing to note
  • Inventory +1.6% vs revenue +15.4% (-13.9 pts)
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Accounting for the Effects of Regulation
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

4 paragraphs in Risk Factors that were not in the 10-K filed Feb 18, 2025. Quoted as filed.

All 4 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    Realized energy demand from current and potential new customers may differ significantly from forecasts.

New risk paragraphs, against peers

Latest 10-K of each, Utilities companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$8.0B$7.5B$7.6B$8.8B
Net income$1.1B$1.2B$1.2B$1.5B
Operating cash flow$2.3B$2.6B$2.8B$3.4B
Free cash flow−$1.1B−$1.0B−$1.6B−$775.0M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$8.8B ▲ 15.4% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Ameren, St Louis, MO · from the 10-K filed Feb 18, 2026

Ameren, formed in 1997 and headquartered in St. Louis, Missouri, is a public utility holding company whose primary assets are its equity interests in its subsidiaries. Ameren’s subsidiaries are separate, independent legal entities with separate businesses, assets, and liabilities. Dividends on Ameren’s common stock and the payment of expenses by Ameren depend on distributions made to it by its subsidiaries. Below is a summary description of Ameren’s principal subsidiaries - Ameren Missouri, Ameren Illinois, and ATXI. Ameren also has other subsidiaries that conduct other activities, such as providing shared services.

Headquarters
St Louis, MO
Country
United States
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 5, 2026
Incorporated in
MO

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Sources

The 10-K filed Feb 18, 2026 (open at SEC), compared with the 10-K filed Feb 18, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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