Is AEP or WEC cheaper?

On trailing earnings, AEP is cheaper: AEP trades at a 19.09 P/E and WEC at 22.64.

Which has grown faster, AEP or WEC?

Over the past five years, AEP grew revenue faster — AEP at a 7.51% CAGR versus WEC at 5.21%.

Does AEP or WEC pay a bigger dividend?

AEP yields 2.93% and WEC yields 3.25% based on trailing dividends and the latest price.

Is AEP or WEC more profitable?

AEP runs the higher net margin — AEP at 16.49% versus WEC at 16.25%.

Which has been the better investment, AEP or WEC?

Over the past 10-year, AEP delivered the higher annualized total return — AEP at 10.61% versus WEC at 9.61%. Past performance doesn't predict future results.

American Electric Power Company, Inc. (AEP) vs WEC Energy Group, Inc. (WEC)

AEP leads on 9 of 13 compared metrics.

A side-by-side comparison of American Electric Power Company, Inc. and WEC Energy Group, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

AEP

American Electric Power Company, Inc.

$70.31B

$129.23Utilities

WEC

WEC Energy Group, Inc.

$36.95B

$113.44Utilities

Total return — AEP vs WEC

growth of $100 · last 30y

AEP +220.0%WEC +736.6%WEC compounded faster

AEP WEC

AEP vs WEC: by the numbers

•AEP is the larger company ($70.31B vs $36.95B market cap).
•AEP trades at the lower earnings multiple (19.09 vs 22.64 P/E).
•AEP converts more revenue to profit (16.49% vs 16.25% net margin).
•AEP grew revenue faster over the past five years (7.51% vs 5.21% CAGR).
•WEC pays the higher dividend yield (3.25% vs 2.93%).

Which is better, AEP or WEC?

Metric tally: AEP 9 · WEC 4

It depends on what you're optimizing for:

ValueAEP(lower P/E)

GrowthAEP(faster 5Y revenue CAGR)

IncomeWEC(higher dividend yield)

QualityWEC(higher ROIC)

Valuation

Metric	AEP	WEC
P/E ratio	19.09●	22.64
Forward P/E	18.86	18.90
P/S ratio	3.19●	3.69
P/B ratio	2.22●	2.63
PEG ratio	0.88●	21.18
EV / EBITDA	14.05●	14.36
FCF yield	10.82%	—

Profitability

Metric	AEP	WEC
Gross margin	40.39%	55.74%●
Operating margin	23.47%	23.97%●
Net margin	16.49%	16.25%
ROE	11.49%	11.57%
ROIC	4.71%	5.25%●

Dividends

Metric	AEP	WEC
Dividend yield	2.93%	3.25%●
Payout ratio	56.76%	75.93%

Growth (annualized)

Metric	AEP	WEC
Revenue CAGR (5Y)	7.51%●	5.21%
EPS CAGR (5Y)	8.45%●	5.04%
FCF CAGR (5Y)	41.49%●	11.42%
Total return CAGR (5Y)	12.78%●	7.64%

Frequently asked

Which is better, AEP or WEC?: It depends on your goal. value: AEP (lower P/E); growth: AEP (faster 5Y revenue CAGR); income: WEC (higher dividend yield); quality: WEC (higher ROIC). Across all compared metrics, AEP leads 9 to 4.
Is AEP or WEC cheaper?: On trailing earnings, AEP is cheaper: AEP trades at a 19.09 P/E and WEC at 22.64.
Which has grown faster, AEP or WEC?: Over the past five years, AEP grew revenue faster — AEP at a 7.51% CAGR versus WEC at 5.21%.
Does AEP or WEC pay a bigger dividend?: AEP yields 2.93% and WEC yields 3.25% based on trailing dividends and the latest price.
Is AEP or WEC more profitable?: AEP runs the higher net margin — AEP at 16.49% versus WEC at 16.25%.
Which has been the better investment, AEP or WEC?: Over the past 10-year, AEP delivered the higher annualized total return — AEP at 10.61% versus WEC at 9.61%. Past performance doesn't predict future results.

Go deeper

Full AEP analysis Full WEC analysis Interactive comparison tool

Dig into the metrics

American Electric Power P/E ratio WEC Energy P/E ratio American Electric Power dividend yield WEC Energy dividend yield American Electric Power ROE WEC Energy ROE American Electric Power operating margin WEC Energy operating margin American Electric Power revenue growth WEC Energy revenue growth American Electric Power free cash flow WEC Energy free cash flow

American Electric Power & WEC Energy appear in these rankings

Highest Dividend Yield Stocks Highest FCF Yield Stocks

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 June 14, 2026.