Ameren vs CenterPoint Energy
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The short version
- CenterPoint Energy is the larger business, with $9.4B of revenue in fiscal 2025 against $8.8B for Ameren.
- Ameren grew revenue faster (15.4%, against 8.3%).
- Ameren turned more of its sales into free cash flow (−8.8% FCF margin, against −25.5%).
- Investors pay more for each dollar of CenterPoint Energy’s earnings: a P/E of 25.2x against 19.0x for Ameren.
| Latest fiscal year | AEE · FY25 | CNP · FY25 |
|---|---|---|
| Size | ||
| Market cap | $30.1B | $27.1B |
| Revenue | $8.8B | $9.4B |
| Free cash flow | −$775M | −$2.4B |
| Net income | $1.5B | $1.1B |
| Growth | ||
| Revenue growth | 15.4% | 8.3% |
| 5-year growth | 8.7% | 4.8% |
| Share count change | 1.8% | 1.8% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 23.0% | 22.6% |
| Net margin | 16.6% | 11.2% |
| FCF margin | −8.8% | −25.5% |
| Return on capital | 5.7% | 5.7% |
| Return on equity | 11.5% | 9.6% |
| Balance sheet | ||
| Net debt | $20.1B | $20.5B |
| Net debt / EBITDA | 5.5x | 5.6x |
| Dividends and buybacks | $768M | $574M |
| Valuation & quality | ||
| P/E | 19.0x | 25.2x |
| Piotroski F-score | 6 | 4 |
FY16
AEE $6.1B
CNP $7.5B
FY17
AEE $6.2B
CNP $9.6B
FY18
AEE $6.3B
CNP $6.3B
FY19
AEE $5.9B
CNP $7.6B
FY20
AEE $5.8B
CNP $7.4B
FY21
AEE $6.4B
CNP $8.4B
FY22
AEE $8.0B
CNP $9.3B
FY23
AEE $7.5B
CNP $8.7B
FY24
AEE $7.6B
CNP $8.6B
FY25
AEE $8.8B
CNP $9.4B
AEE
CNP
FY16
AEE 21.8%
CNP 13.6%
FY17
AEE 22.8%
CNP 11.8%
FY18
AEE 21.6%
CNP 13.8%
FY19
AEE 21.4%
CNP 14.2%
FY20
AEE 22.4%
CNP 14.0%
FY21
AEE 20.9%
CNP 16.3%
FY22
AEE 19.0%
CNP 16.8%
FY23
AEE 20.8%
CNP 20.2%
FY24
AEE 19.9%
CNP 23.0%
FY25
AEE 23.0%
CNP 22.6%
AEE
CNP
FY16
AEE $41.0M
CNP $509M
FY17
AEE −$14.0M
CNP −$9.0M
FY18
AEE −$116M
CNP $485M
FY19
AEE −$241M
CNP −$868M
FY20
AEE −$1.5B
CNP −$601M
FY21
AEE −$1.8B
CNP −$3.1B
FY22
AEE −$1.1B
CNP −$2.6B
FY23
AEE −$1.0B
CNP −$524M
FY24
AEE −$1.6B
CNP −$2.4B
FY25
AEE −$775M
CNP −$2.4B
AEE
CNP
FY16
AEE 5.7%
CNP 5.9%
FY17
AEE 4.6%
CNP 10.1%
FY18
AEE 6.5%
CNP 5.3%
FY19
AEE 6.0%
CNP 6.0%
FY20
AEE 5.7%
CNP 4.4%
FY21
AEE 5.2%
CNP 5.6%
FY22
AEE 5.3%
CNP 4.9%
FY23
AEE 5.0%
CNP 5.8%
FY24
AEE 4.8%
CNP 5.8%
FY25
AEE 5.7%
CNP 5.7%
AEE
CNP
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.