Ameren Corporation (AEE) vs FirstEnergy Corp. (FE)
A side-by-side comparison of Ameren Corporation and FirstEnergy Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
AEE
Ameren Corporation
$103.02UtilitiesDelayed quote: Sep 15, 2026, 4:00 PM EDT
FE
FirstEnergy Corp.
$45.33UtilitiesDelayed quote: Sep 15, 2026, 4:00 PM EDT
Total return — AEE vs FE
growth of $100 · dividends reinvested · last 10yAEE +179.8% (+10.8%/yr)FE +107.4% (+7.6%/yr)AEE compounded faster over this window
AEE FE
AEE vs FE: by the numbers
- •AEE is the larger company ($28.51B vs $26.23B market cap).
- •AEE trades at the lower trailing earnings multiple (18.14 vs 24.17 P/E), one valuation lens rather than an overall verdict.
- •AEE converts more revenue to profit (17.86% vs 6.86% net margin).
- •AEE grew revenue faster over the past five years (7.86% vs 7.73% CAGR).
- •FE pays the higher dividend yield (3.95% vs 2.78%).
Metrics side by side
Valuation
| Metric | AEE | FE |
|---|---|---|
| P/E ratio | 18.14 | 24.17 |
| Forward P/E | 19.11 | 16.60 |
| P/S ratio | 3.26 | 1.66 |
| P/B ratio | 2.08 | 2.03 |
| EV / EBITDA | 13.21 | 11.78 |
Profitability
| Metric | AEE | FE |
|---|---|---|
| Gross margin | 29.58% | 53.43% |
| Operating margin | 24.87% | 18.57% |
| Net margin | 17.86% | 6.86% |
| ROE | 11.42% | 8.40% |
| ROIC | 4.04% | 4.43% |
Dividends
| Metric | AEE | FE |
|---|---|---|
| Dividend yield | 2.78% | 3.95% |
| Payout ratio | 51.41% | 97.06% |
Growth (annualized)
| Metric | AEE | FE |
|---|---|---|
| Revenue CAGR (5Y) | 7.86% | 7.73% |
| EPS CAGR (5Y) | 8.79% | -2.32% |
| FCF CAGR (5Y) | N/A | 122.43% |
| Total return CAGR (5Y) | 6.91% | 8.44% |
Frequently asked
- Which has the lower trailing P/E, AEE or FE?
- AEE has the lower trailing P/E: AEE trades at 18.14 and FE at 24.17. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, AEE or FE?
- Over the past five years, AEE grew revenue faster — AEE at a 7.86% CAGR versus FE at 7.73%.
- Does AEE or FE pay a bigger dividend?
- AEE yields 2.78% and FE yields 3.95% based on trailing dividends and the latest price.
- Is AEE or FE more profitable?
- AEE runs the higher net margin — AEE at 17.86% versus FE at 6.86%.
- How have AEE and FE total returns compared?
- Over the past 10 years, AEE delivered 11.28% and FE delivered 7.89% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Ameren P/E ratioFirstEnergy P/E ratioAmeren dividend yieldFirstEnergy dividend yieldAmeren ROEFirstEnergy ROEAmeren operating marginFirstEnergy operating marginAmeren revenue growthFirstEnergy revenue growthAmeren free cash flowFirstEnergy free cash flow
Ameren & FirstEnergy appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.