American Electric Power Company, Inc.

AEPNASDAQUtilities● Active

$126.77

$-2.37(-1.84%)

Market Cap$69.0B

P/E Ratio—

52W High$139.44

52W Low$100.72

Avg Volume3.8M

Open$129.07

Beta0.52

Free Cash Flow Financials Revenue

American Electric Power Company, Inc. (AEP) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AEP · free cash flow · updated Jun 8, 2026

Core FCF metrics

AEP · FCF · TTM · margin & CAGR

Free cash flow was $6.81B for FY2025 (fiscal year ending 2025-12-31), up 2.2% year-over-year The FCF margin was 31.3%.

FY2025 Free Cash Flow$6.81B▲ +2.2% YoY

Trailing 12M (TTM)$6.18Btrailing 4 quarters sum

FCF Margin31.3%$6.81B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AEP · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$6.94B(130M)$6.81B▲ +2.2%31.3%

FY2024$6.80B(140M)$6.66B▲ +367.2%33.5%

FY2023$5.01B(7.51B)−$2.49B▼ 68.0%-12.9%

FY2022$5.29B(6.77B)−$1.48B▲ +22.9%-7.7%

FY2021$3.84B(5.76B)−$1.92B▲ +22.5%-11.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AEP · P/FCF · FCF yield · FCF per share

American Electric Power Company, Inc. (AEP) trades at a FCF yield of 8.90% and a price-to-free-cash-flow ratio of 10.7x. FCF per share stands at $11.90, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

8.90%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$11.90

TTM FCF ÷ Shares Outstanding

Price / FCF

x10.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x19.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

AEP · cash flow statement · operating / investing / financing

For FY2025, American Electric Power Company, Inc. generated $6.94B in operating cash flow and spent 130M in capital expenditures, yielding $6.81B in free cash flow.

Operating Activities

+$6.94B

Cash from core business operations

2025-12-31

Investing Activities

−$9.12B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$2.20B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($6.94B) − |CapEx| (130M) = FCF ($6.81B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

AEP vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

American Electric Power Company, Inc.YOU

AEP

$6.81B+2.2%31.3%

100%

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

19%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

American Electric Power Company, Inc. (AEP) reported free cash flow of $6.81B for FY2025 (fiscal year ending 2025-12-31), up 2.2% year-over-year. The FCF margin was 31.3%.

Based on available data, American Electric Power Company, Inc. has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $6.81B in FY2025.

American Electric Power Company, Inc.'s FCF yield is 8.90% and price-to-FCF ratio is 10.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AEP free cash flow · 8 questions

American Electric Power Company, Inc. free cash flow was $6.81B for FY2025, up 2.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $6.18B.

AEP free cash flowAEP FCFAEP FCF 2025AEP free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · American Electric Power Company, Inc. · American Electric Power Company, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026