AEP American Electric Power Company, Inc. - Common Stock
NASDAQ · Utilities · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 30, 2026AEP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| Oct. 31, 1962 | 2-for-1 | Forward |
About American Electric Power Company, Inc. - Common Stock Company overview from Wikipedia
American Electric Power Company, Inc. (AEP; railcar reporting mark: AEPX) is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.
American Electric Power Company is one of the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the United States. AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile (63,000 km) network that includes more 765 kilovolt ultra-high voltage transmission lines than all other U.S. transmission systems combined. AEP's transmission system directly or indirectly provides about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in the Electric Reliability Council of Texas, the transmission system that covers much of Texas.
AEP's utility units operate as, AEP Texas, Appalachian Power (in Virginia, West Virginia, and Tennessee), Indiana Michigan Power, Kentucky Power, Ohio Power Company, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP's headquarters are in Columbus, Ohio.
American Electric Power was the first utility to utilize 345 kV transmission lines which took place in 1953.
The company ranked 185th on the 2018 Fortune 500 of the largest United States corporations by revenue.
Subsidiaries
The company is divided into seven major geographic local operating companies:
Ohio Power Company
Ohio Power Company, formerly AEP Ohio, serves 1.5 million customers in central, southern and northwestern Ohio. For years, it consisted of two operating companies, Ohio Power and Columbus Southern Power. However, in 2014, Columbus Southern was merged into Ohio Power, leaving Ohio Power as the legal operating company for regulatory purposes.
AEP Texas
AEP Texas was formed from a merger of various predecessor utilities, and joined AEP as part of its acquisition of Central and South West Corporation in 1997. It consists of AEP Texas North Company (formerly West Texas Utilities), which operates in west Texas, and AEP Texas Central Company (formerly Central Power and Light), which operates in south Texas.
Appalachian Power
Appalachian Power (APCO) is based in Charleston, West Virginia. APCO serves about one million customers in central and Southern West Virginia, the Northern Panhandle of West Virginia, Southwest Virginia and parts of Northeast Tennessee, specifically Kingsport. Cities in the Appalachian Power service territory include Wheeling, Charleston and Huntington, West Virginia; Roanoke, Virginia, Lynchburg, Virginia, and Kingsport.
Until the 21st century, AEP's operations in Tennessee were part of a separate operating company, Kingsport Power Company. However, since the turn of the millennium, Kingsport Power's operations have been almost completely merged with those of Appalachian Power. While Kingsport Power still legally exists, the Kingsport Power name is almost never used anymore except for regulatory formality. AEP considers Appalachian Power to be the operating company in Kingsport.
Wheeling Power, based in Wheeling, was long treated as a de facto part of Ohio Power, but is now treated as part of Appalachian Power.
Indiana Michigan Power
Indiana Michigan Power (I&M) serves northeastern and east-central Indiana, including Muncie and Fort Wayne; and parts of north-central Indiana and southwest Michigan, including South Bend, St. Joseph, Benton Harbor and Three Rivers. The Donald C. Cook nuclear power plant is located in I&M's territory.
Kentucky Power
Kentucky Power serves most of Eastern Kentucky, the area abutting the Appalachian Power service area, including communities of Pikeville, Hazard and Ashland. Kentucky Power headquarters is in Ashland and they maintain a government relations office in Frankfort.
On October 26, 2021, the Liberty Utilities subsidiary of Algonquin Power & Utilities agreed to acquire AEP's Kentucky operations in a transaction valued at $2.8 billion (US). The purchase was expected to close in the second quarter of 2022, pending regulatory approval.
On April 17, 2023, the sale was terminated. The sale drew criticism from the Kentucky Attorney General and Kentucky lawmakers. In May 2022, Kentucky's Public Service Commission approved the sale, but only with modifications made to the sale. In December 2022, the U.S. Federal Energy Regulatory Commission refused approval, stating "the sales’ parties did not provide enough evidence to show the deal wouldn't have an adverse effect on rate payers." Although AEP and Liberty Utilities reapplied in February 2023, they later announced the termination of the sale.
Public Service Company of Oklahoma (PSO)
PSO was one of the four CSW operating companies when CSW merged with AEP. Incorporated in 1913, PSO serves approximately 540,000 customers in eastern and southwestern Oklahoma. Its headquarters are in Tulsa. PSO has 4,269 megawatts of generating capacity and provides electricity to 232 cities and towns across a service area encompassing 30,000 square miles.
In April 2014, Oklahoma Governor Mary Fallin signed into law an AEP-backed bill that would add a tax onto anyone in the state who adopted rooftop solar. This legislation was headed by Rep. Mike Turner (Oklahoma politician) (R. Edmond), known for his support of ending rooftop solar.
Southwestern Electric Power Company
Often called SWEPCO, the Southwestern Electric Power Company serves most of western Arkansas, northwestern Louisiana, and northeastern Texas. Like PSO, it was one of the four CSW Operating Companies.
Between 2013 and 2014, AEP, under subsidiary SWEPCO, tried to eliminate a fundamental solar policy, net metering, at the LPSC several times, and failed each time. SWEPCO also backed openly anti-solar candidate Eric Skrmetta, who has been widely criticized for receiving 2/3 of his campaign contributions from entities he regulates.
In Arkansas, SWEPCO is expected in 2015 to ask regulators to allow them to pass along the costs of building and running the John W. Turk Jr. Coal Plant, the most expensive project in state history, to Arkansas ratepayers. This process is expected to elicit similar controversy to what has plagued the plant since construction.
SWEPCO operated Dolet Hills Power Station was scheduled for closure in Louisiana in 2021, due to pressure by Beyond Coal.
Other subsidiaries
AEP also bought much of the town of Cheshire, Ohio, where the Gavin Power Plant is located, due to pollution issues.
In 2004, AEP announced their plans to build one, or more, integrated gasification combined cycle (IGCC) coal-fired power plant which is expected to reduce emissions while providing additional electricity capacity to the customers served by AEP.
In August 2008, AEP formed a joint venture company with Duke Energy to build and own new electric transmission assets.
It is the largest shareholder in the Ohio Valley Electric Corporation (OVEC). OVEC is an associate company of AEP, not a subsidiary, because AEP owns less than half of it.
Nuclear
AEP owns and operates the Donald C. Cook nuclear power plant. This accounts for 6% of the generation portfolio.
Hybrid technology
AEP is expanding its green efforts to include 18 more International DuraStar hybrid diesel trucks. AEP is also teaming with Ford for the integration of a Vehicle-To-Power grid communication system, which allows hybrid vehicles to communicate with power companies to determine where, how long, and what it would cost to re-charge a hybrid during travel.
Solar and wind energy
In 2009, AEP signed a deal with Wyandot Solar LLC to purchase power from one of the largest solar fields in the eastern United States of America, based in Upper Sandusky, Ohio.
AEP owns and operates the Desert Sky Wind Farm and the Trent Wind Farm.
In 2009, AEP partnered with other energy companies in commissioning a study of how to transmit wind energy generated in the Upper Midwest to consumers in the East.
In 2017, Invenergy and GE announced plans for the $4.5 billion, 2,000 MW Wind Catcher (a/k/a Windcatcher) project on a 300,000-acre site in Cimarron and Texas counties in the Oklahoma Panhandle, which would have been among the world's largest wind farms when completed in 2020. AEP utility subsidiaries PSO and SWEPCO asked utility regulators in Louisiana, Arkansas, Texas and Oklahoma to approve plans to purchase the wind farm from Invenergy upon completion of construction. However, the project ran into opposition and was finally canceled in July 2018.
PSO was approved in early 2020 by regulators in Oklahoma to own a 45.5% share (675 MW) of a massive 1,485 megawatt wind project known as the North Central Energy Facilities ("NCEF"), with SWEPCO owning the remaining 810 MW. The project includes three wind farms covering areas in Alfalfa, Blaine, Custer, Kingfisher, Garfield, Major and Woods counties of Oklahoma. Approval followed in Arkansas and Louisiana in May; however, the Texas Public Utility Commission denied the plan for the 309 megawatts intended for that state. Nevertheless, PSO and SWEPCO decided to go forward with the project, with Oklahoma to receive 675 megawatts, Louisiana 464 megawatts, and Arkansas 268 megawatts. The projects were to be completed in the 2020-2021 timeframe. The NCEF project differed from the abandoned Wind Catcher plan in that Wind Catcher envisioned a new 765-kilovolt transmission line which would have run hundreds of miles in Oklahoma, while the NCEF facilities are near an existing PSO/SWEPCO transmission system. Also, NCEF was scalable, so that the states which approved the project could increase the number of megawatts allocated to them if/when another state rejected the proposal. The 199 MW Sundance project, located northwest of Aline in Woods County, was completed in April 2021. The 287 MW Maverick and the 999 MW Traverse projects are scheduled to be in service later in 2021 and in early 2022, respectively.
PATH proposal
In 2007, AEP teamed with Allegheny Energy to propose the US$1.8 billion (changed to US$2.1 billion in 2011) Potomac-Appalachian Transmission Highline (PATH), a 290-mile (470 km), 765 kilovolt transmission line that would run through West Virginia, Virginia, and Maryland. According to Joe Denault, a volunteer spokesperson for the proposal, the PATH proposal would incorporate new technology to reduce carbon dioxide emissions by 380,000 short tons (340,000 t) a year; allow for the transmission of renewable energy sources, such as wind, solar, and hydroelectric; and generate 5,700 jobs, with $420 million in employee compensation annually. However, many of these claims are disputed and the proposal must pass several legal hurdles before moving forward. On August 24, 2012, PJM Interconnection officially removed the PATH project from its long-range expansion plans, citing a slow economy for reducing the projected growth in electricity use.
History
The American Gas and Electric Company, which would be renamed American Electric Power in 1958, was incorporated in 1906. It replaced Electric Company of America, a holding company that had existed since 1899. It built "the first plant in the world to reheat steam to do double duty in the process of generating electricity" at the Philo Power Plant in Philo, Ohio in 1923. Several of its holdings were divested following the passage of the Public Utility Holding Company Act in 1935; these holdings would include Atlantic City Electric (now a subsidiary of Exelon) and Scranton Electric (since absorbed by PPL). However, it retained its Central System, which ran between Michigan and Virginia. It moved its headquarters from New York City to Columbus, Ohio in the 1980s. On May 1, 1999, The North American electric power industry tested and cleared 75 percent of the U.S. electricity system for compliance with the Year 2000 computer glitch. On August 31, 2004, American Electric Power Company's $10 billion acquisition of the Central and South West Corporation was approved.
Acquisitions
1922 Indiana and Michigan Electric
1924 American Electric Power Company, a Philadelphia holding company
1925 Appalachian Power Company
1948 Indiana Service Corporation of Fort Wayne
1980 Columbus and Southern Ohio Electric Company
1997 Central and South West Corporation (completed in 2000)
Ownership
As of 2017, American Electric Power shares are mainly held by institutional investors, and large Single Family Offices (Vanguard group, BlackRock, State Street Corporation, and others)
Environmental record
The Political Economy Research Institute ranks American Electric Power 55th among corporations emitting airborne pollutants in the United States. The ranking is based on the quantity (2,240,000,000 pounds (1,020,000 t) in 2018) of toxic air released, as well as the toxicity and population exposure of the emissions. Major pollutants include sulfuric and hydrochloric acids, and chromium, manganese and nickel compounds. Overall, electric power plants, such as those operated by AEP, account for almost "70 percent of sulfur dioxide emissions each year and 30 percent of nitrogen oxides emissions." Individually, these pollutants cause serious respiratory damage and other illnesses; when combined, they create what's known as acid rain, which causes long term damage to the environment and deterioration of natural and man-made structures. Environmental Protection Agency has named American Electric a potentially responsible party at the Green River Disposal Inc. Superfund toxic waste site.
In February 2018, AEP announced plans to reduce carbon emissions 80 percent by 2050 through increased use of renewables, natural gas and energy efficiency.
In August 2018, AEP started a program in Ohio that incentivizes the installation of electric vehicle infrastructure by investing $10 million for the installation of up to 375 electric vehicle charging stations. According to Utility DIVE, "The program is part of a wave of EV charging rollouts utilities are spearheading in an effort to spur EV adoption."
Justice Department lawsuit
The United States Justice Department filed a lawsuit on November 3, 1999, against AEP and six other companies for violating the Clean Air Act. On October 8, 2007, AEP agreed to install US$4.6 billion in equipment to reduce emission, as well as pay a US$15 million civil fine and provide US$36 million for environmental projects and $24 million for environmental mitigation.
The company will cut 813,000 short tons (738,000 t) of air pollutants annually once all of the controls are installed. According to the press release, the agreement imposes caps on emissions of pollutants from 16 plants located in five states. The facilities are located in Moundsville (two facilities), St. Albans, Glasgow, and New Haven (two facilities), West Virginia; Louisa, Kentucky; Glen Lyn and Carbo, Virginia; Brilliant, Conesville, Cheshire, Lockbourne, and Beverly, Ohio; and Rockport and Lawrenceburg, Indiana.
Attempt to halt solar energy
AEP has come under criticism in many of the states they operate in for attacking rooftop solar. They have specifically attempted to halt distributed solar in Louisiana, Arkansas, Oklahoma, West Virginia, Indiana, Kentucky, and Ohio.
Carbon footprint
AEP reported Total CO2e emissions (Direct + Indirect) for the twelve months ending December 31, 2020, at 49,681 Kt (-29,610 /-37.3% y-o-y) and aims to reach net zero emissions by 2045.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | AEP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 20.7 | · | 22.9 | Overvalued | |
| PEG Ratio | ≈2.4 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | AEP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 23.0%5Y avg ≈20.6% | ≈20.6% | 22.1% | In line | |
| EBITDA Margin | 39.5%5Y avg ≈26.8% | ≈26.8% | 22.1% | In line | |
| Pretax Margin (TTM) | 15.8%5Y avg ≈14.3% | ≈14.3% | 13.1% | In line | |
| Net Profit Margin (TTM) | 14.3%5Y avg ≈14.0% | ≈14.0% | 13.3% | In line | |
| ROA (TTM) | 2.8%5Y avg ≈2.8% | ≈2.8% | 2.6% | Top tier | |
| ROE (TTM) | 10.5%5Y avg ≈10.9% | ≈10.9% | 9.9% | Top tier | |
| ROIC | 6.4%5Y avg ≈5.7% | ≈5.7% | 6.5% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | AEP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 1.65Y avg ≈1.6 | ≈1.6 | 1.7 | In line | |
| Current Ratio (MRQ) | 0.55Y avg ≈0.5 | ≈0.5 | 0.8 | Low liquidity | |
| Quick Ratio (MRQ) | 0.35Y avg ≈0.2 | ≈0.2 | 0.3 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 1.55Y avg ≈1.4 | ≈1.4 | 1.7 | Low debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | AEP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 10.9%5Y avg ≈8.2% | ≈8.2% | · | · | |
| Revenue CAGR 3Y | 3.7%5Y avg ≈5.8% | ≈5.8% | · | · | |
| Revenue CAGR 5Y | 8.0% | · | · | · | |
| EPS YoY | 19.4%5Y avg ≈9.6% | ≈9.6% | · | · | |
| Net Income YoY | 24.2%5Y avg ≈12.1% | ≈12.1% | · | · | |
| EPS CAGR 3Y | 14.0%5Y avg ≈5.6% | ≈5.6% | · | · | |
| EPS CAGR 5Y | 8.6% | · | · | · | |
| Net Income CAGR 3Y | 17.0%5Y avg ≈7.8% | ≈7.8% | · | · | |
| Net Income CAGR 5Y | 11.0% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | AEP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.25Y avg ≈0.2 | ≈0.2 | 0.2 | In line | |
| Receivables Turnover | 8.05Y avg ≈8.1 | ≈8.1 | 8.2 | Weak | |
| Revenue / Employee | ≈$1.2M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 10, 2026 | $0.95 | USD | ≈3.1% |
| May 8, 2026 | $0.95 | USD | ≈2.9% |
| Feb 10, 2026 | $0.95 | USD | ≈3.1% |
| Nov 10, 2025 | $0.95 | USD | ≈3.1% |
| Aug 8, 2025 | $0.93 | USD | ≈3.3% |
| May 9, 2025 | $0.93 | USD | ≈3.5% |
| Feb 10, 2025 | $0.93 | USD | ≈3.6% |
| Nov 8, 2024 | $0.93 | USD | ≈3.7% |
| Aug 9, 2024 | $0.88 | USD | ≈3.6% |
| May 9, 2024 | $0.88 | USD | ≈3.8% |
| Feb 8, 2024 | $0.88 | USD | — |
| Nov 9, 2023 | $0.88 | USD | — |
| Aug 9, 2023 | $0.83 | USD | — |
| May 9, 2023 | $0.83 | USD | — |
| Feb 9, 2023 | $0.83 | USD | — |
| Nov 9, 2022 | $0.83 | USD | — |
| Aug 9, 2022 | $0.78 | USD | — |
| May 9, 2022 | $0.78 | USD | — |
| Feb 9, 2022 | $0.78 | USD | — |
| Nov 9, 2021 | $0.78 | USD | — |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 28, 2026 | $1.36 | $1.51 | -10.0% |
| March 31, 2026 | $1.64 | $1.58 | 3.5% | |
| Dec. 31, 2025 | $1.19 | $1.16 | 2.6% | |
| Sept. 30, 2025 | $1.80 | $1.83 | -1.4% | |
| June 30, 2025 | $1.43 | $1.29 | 11.2% | |
| March 31, 2025 | $1.54 | $1.41 | 8.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.88B | $19.72B | $18.98B | $19.64B | $16.79B | $14.92B | $15.56B | $16.20B | $15.42B | $16.38B | $16.45B | $16.38B | |
| Operating Expenses | $16.56B | $15.42B | $15.43B | $16.16B | $13.38B | $11.93B | $12.97B | $13.51B | $11.90B | $15.22B | $13.12B | $13.25B | |
| Operating Income | $5.32B | $4.30B | $3.56B | $3.48B | $3.41B | $2.99B | $2.59B | $2.68B | $3.52B | $1.16B | $3.33B | $3.13B | |
| Interest Expense | · | · | $1.81B | $1.40B | $1.20B | $1.17B | $1.07B | $984M | $895M | $877M | $874M | $868M | |
| Other Non-op | $48M | $65M | $64M | $12M | $41M | $57M | $27M | $18M | $35M | · | · | · | |
| Pretax Income | $3.83B | $2.94B | $2.27B | $2.31B | $2.60B | $2.23B | $1.90B | $2.04B | $2.90B | $547M | $2.69B | $2.49B | |
| Income Tax | $129M | $-39M | $55M | $5M | $116M | $40M | $-13M | $115M | $970M | $-74M | $920M | $903M | |
| Net Income | $3.70B | $2.98B | $2.21B | $2.31B | $2.49B | $2.20B | $1.92B | $1.93B | $1.93B | $618M | $2.05B | $1.64B | |
| EPS (Basic) | $6.70 | $5.60 | $4.26 | $4.51 | $4.97 | $4.44 | $3.89 | $3.90 | $3.89 | $1.24 | $4.17 | $3.34 | |
| EPS (Diluted) | $6.66 | $5.58 | $4.24 | $4.49 | $4.96 | $4.42 | $3.88 | $3.90 | $3.88 | $1.24 | $4.17 | $3.34 | |
| Shares (Basic) | 534,535,444 | 530,092,672 | 518,903,682 | 511,841,946 | 500,522,177 | 495,718,223 | 493,694,345 | 492,774,600 | 491,814,651 | 491,495,458 | 490,340,522 | 488,592,997 | |
| Shares (Diluted) | 537,467,865 | 531,337,703 | 520,206,258 | 513,484,609 | 501,784,032 | 497,226,867 | 495,306,238 | 493,758,277 | 492,611,067 | 491,662,007 | 490,574,568 | 488,899,840 | |
| EBITDA | $8.64B | $7.45B | $3.56B | $3.48B | $3.41B | $2.99B | $2.59B | $2.68B | $3.57B | $1.21B | $3.33B | $3.23B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $197M | $203M | $330M | $509M | $403M | $393M | $247M | $234M | $215M | $210M | $176M | $162M | |
| Short-term Investments | $220M | $215M | $214M | $188M | $220M | $201M | $203M | $159M | $162M | $139M | $387M | $386M | |
| Receivables | $2.87B | $2.63B | $2.45B | $2.67B | $1.94B | $1.84B | $1.71B | $1.93B | $1.89B | $1.92B | $1.64B | $1.84B | |
| Prepaid Expense | $212M | $287M | $274M | $255M | $130M | $127M | $156M | $209M | $310M | $326M | $172M | $275M | |
| Current Assets | $6.05B | $5.79B | $6.08B | $6.78B | $7.81B | $4.35B | $4.08B | $4.11B | $4.25B | $6.03B | $4.07B | $4.48B | |
| PP&E (Net) | $736M | $715M | $564M | $73.34B | $66.00B | $63.90B | $60.14B | $55.10B | $50.26B | $45.64B | $46.13B | $43.64B | |
| PP&E (Gross) | $120.58B | $108.60B | $101.25B | $97.02B | $86.81B | $84.31B | $79.15B | $73.09B | $67.43B | $62.04B | $65.48B | $63.61B | |
| Accum. Depreciation | · | · | $24.55B | $23.68B | $20.81B | $20.41B | $19.01B | $17.99B | $17.17B | $16.40B | $19.35B | $19.97B | |
| Goodwill | $53M | $53M | $52M | $52M | $52M | $52M | $52M | $52M | $52M | $52M | $52M | $91M | |
| Other Non-current Assets | $16.03B | $14.87B | $13.91B | $3.76B | $4.40B | $3.85B | $3.41B | $2.58B | $2.55B | $2.09B | $2.11B | $2.13B | |
| Total Assets | $114.46B | $103.08B | $96.68B | $93.40B | $87.67B | $80.76B | $75.89B | $68.80B | $64.73B | $63.47B | $61.68B | $59.54B | |
| Accounts Payable | $3.43B | $2.64B | $2.03B | $2.67B | $2.05B | $1.71B | $2.09B | $1.87B | $2.07B | $1.69B | $1.42B | $1.26B | |
| Short-term Debt | $1.51B | $2.52B | $2.83B | $4.11B | $2.61B | $2.48B | $2.84B | $1.91B | $1.64B | $1.71B | $800M | $1.35B | |
| Current Liabilities | $13.31B | $13.01B | $11.58B | $13.27B | $12.43B | $9.93B | $10.30B | $8.65B | $8.27B | $9.50B | $7.11B | $7.97B | |
| Capital Leases | $578M | $504M | $519M | $552M | $493M | $638M | $735M | $0 | $239M | $242M | $247M | $440M | |
| Deferred Tax | $10.95B | $9.97B | $9.42B | $8.90B | $8.20B | $8.24B | $7.59B | $7.09B | $6.81B | $11.88B | $11.73B | $10.85B | |
| Other Non-current Liabilities | $905M | $801M | $546M | $607M | $601M | $728M | $720M | $783M | $831M | $775M | $891M | $896M | |
| Total Liabilities | $82.20B | $76.05B | $71.36B | $69.23B | $64.95B | $59.94B | $55.87B | $49.63B | $46.40B | $46.05B | $43.78B | $42.72B | |
| Long-term Debt | $47.32B | $42.64B | $40.14B | $36.80B | $33.45B | $31.07B | $26.73B | $23.35B | $21.17B | $20.26B | $19.57B | $18.51B | |
| Total Debt | $48.83B | $45.17B | $42.97B | $39.73B | $36.07B | $33.55B | $29.56B | $25.26B | $22.81B | $21.97B | $20.37B | $20.03B | |
| Common Stock | $3.52B | $3.47B | $3.43B | $3.41B | $3.41B | $3.36B | $3.34B | $3.34B | $3.33B | $3.33B | $3.32B | $3.31B | |
| Paid-in Capital | $12.14B | $9.61B | $9.07B | $8.05B | $7.17B | $6.59B | $6.54B | $6.49B | $6.40B | $6.33B | $6.30B | $6.20B | |
| Retained Earnings | $15.44B | $13.87B | $12.80B | $12.35B | $11.67B | $10.69B | $9.90B | $9.33B | $8.63B | $7.89B | $8.40B | $7.41B | |
| AOCI | $36M | $-3M | $-56M | $84M | $185M | $-85M | $-148M | $-120M | $-68M | $-156M | $-127M | $-103M | |
| Stockholders' Equity | $31.14B | $26.94B | $25.25B | $23.89B | $22.43B | $20.55B | $19.63B | $19.03B | $18.29B | $17.40B | $17.89B | $16.82B | |
| Liabilities + Equity | $114.46B | $103.08B | $96.68B | $93.40B | $87.67B | $80.76B | $75.89B | $68.80B | $64.73B | $63.47B | $61.68B | $59.54B |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3.33B | $3.15B | $2.93B | $3.07B | · | · | · | · | · | · | · | · | |
| Deferred Tax | $311M | $58M | $185M | $-137M | $108M | $196M | $-18M | $104M | $902M | $-50M | $808M | $869M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | $2M | $3M | $5M | |
| Other Non-cash | $-388M | $622M | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $6.94B | $6.80B | $5.01B | $5.29B | $3.84B | $3.83B | $4.27B | $5.22B | $4.27B | $4.52B | $4.75B | $4.60B | |
| CapEx | $3.45B | $399M | $155M | · | · | $0 | $918M | $0 | $0 | $108M | $5M | $65M | |
| Investing Cash Flow | $-11.94B | $-7.60B | $-6.27B | $-7.75B | $-6.43B | $-6.23B | $-7.14B | $-6.35B | $-3.66B | $-4.99B | $-4.56B | $-4.41B | |
| Debt Issued | $8.26B | $5.12B | $5.46B | $4.65B | $6.49B | $5.63B | $4.54B | $4.95B | $3.85B | $2.59B | $3.44B | $2.07B | |
| Net Debt Issued | $4.61B | $2.43B | $3.27B | $2.30B | $3.50B | $4.29B | $3.32B | $2.16B | $766M | $800M | $1.04B | $287M | |
| Stock Issued | $775M | $552M | $1.00B | $826M | $600M | $155M | $65M | $74M | $12M | $34M | $82M | $74M | |
| Net Stock Activity | $775M | $552M | $1000M | $826M | $600M | $155M | $65M | $74M | $12M | $34M | $82M | $73M | |
| Dividends Paid | $2.01B | $1.90B | $1.75B | $1.65B | $-1.52B | $1.42B | $1.35B | $1.26B | $1.19B | $1.12B | $1.06B | $998M | |
| Financing Cash Flow | $5.02B | $659M | $1.08B | $2.57B | $2.61B | $2.41B | $2.86B | $1.16B | $-605M | $504M | $-662M | $-151M | |
| Net Change in Cash | · | · | · | · | · | · | · | · | · | $34M | $14M | $45M | |
| Taxes Paid | $-84M | $-69M | $-24M | $117M | $13M | $-49M | $6M | $-25M | $-1M | $30M | $120M | $117M | |
| Free Cash Flow | $3.49B | · | · | · | · | $3.83B | $3.35B | $5.21B | $4.26B | $4.41B | $4.74B | $4.55B | |
| Levered FCF | · | · | · | · | · | $2.69B | $2.27B | $4.28B | $3.67B | $3.42B | $4.17B | $3.99B |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 24.3% | 21.8% | 18.7% | 17.7% | 20.3% | 20.0% | 16.7% | 16.6% | 23.2% | 7.4% | 20.3% | 19.0% | |
| Net Margin | 16.9% | 15.1% | 11.7% | 11.7% | 14.8% | 14.7% | 12.3% | 11.9% | 12.5% | 3.8% | 12.5% | 9.6% | |
| Pretax Margin | 17.5% | 14.9% | 11.9% | 11.8% | 15.5% | 15.0% | 12.2% | 12.6% | 18.8% | 3.3% | 16.3% | 15.2% | |
| EBITDA Margin | 39.5% | 37.8% | 18.7% | 17.7% | 20.3% | 20.0% | 16.7% | 16.6% | 23.2% | 7.4% | 20.3% | 19.0% | |
| ROA | 3.4% | 3.0% | 2.3% | 2.5% | 2.9% | 2.8% | 2.6% | 2.9% | 3.0% | 0.99% | 3.4% | 2.8% | |
| ROE | 12.7% | 11.4% | 9.0% | 10.0% | 11.6% | 10.9% | 9.9% | 10.3% | 10.8% | 3.5% | 11.8% | 10.0% | |
| ROIC | 6.4% | 6.0% | 5.1% | 5.5% | 5.6% | 5.4% | 5.3% | 5.7% | 5.8% | 3.5% | 5.7% | 5.6% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.5 | 0.4 | 0.5 | 0.6 | 0.6 | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | |
| Quick Ratio | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | |
| Debt / Equity | 1.6 | 1.7 | 1.7 | 1.7 | 1.6 | 1.6 | 1.5 | 1.3 | 1.2 | 1.3 | 1.1 | 1.2 | |
| LT Debt / Equity | 1.4 | 1.5 | 1.5 | 1.4 | 1.4 | 1.4 | 1.3 | 1.1 | 1.1 | 1.0 | 1.0 | 1.0 | |
| Interest Coverage | · | · | 2.0 | 2.5 | 2.8 | 2.6 | 2.4 | 2.7 | 4.0 | 1.4 | 3.8 | 3.7 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | |
| Receivables Turnover | 8.0 | 7.8 | 7.4 | 8.7 | 8.9 | 8.4 | 8.6 | 8.5 | 8.1 | 9.2 | 9.5 | 9.0 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $40.70 | $37.12 | $36.49 | $38.25 | $33.46 | $30.00 | $31.42 | $32.80 | $31.31 | $33.32 | $33.54 | $34.81 | |
| Cash Flow / Share | $12.92 | $12.81 | $9.63 | $10.30 | $7.65 | $7.71 | $8.62 | $10.58 | $8.67 | $9.20 | $9.68 | $9.44 | |
| Dividend / Share | $3.74 | $3.57 | $3.37 | $3.17 | $3.00 | $2.84 | $2.71 | $2.53 | $2.39 | $2.27 | $2.15 | $2.03 | |
| EPS (TTM) | $6.66 | $5.58 | $4.24 | $4.49 | $4.96 | $4.42 | $3.88 | $3.90 | $3.88 | $1.24 | $4.17 | $3.34 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 10.9% | 3.9% | -3.4% | 17.0% | 12.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.7% | 5.5% | 8.4% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 8.0% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 19.4% | 31.6% | -5.6% | -9.5% | 12.2% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 14.0% | 4.0% | -1.4% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 8.6% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 24.2% | 34.5% | -4.0% | -7.3% | 13.3% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 17.0% | 6.2% | 0.25% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 11.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 7.1% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $21.88B | $19.72B | $18.98B | $19.64B | $16.79B | $14.92B | $15.56B | $16.20B | $15.42B | $16.38B | $16.45B | $16.38B | |
| Net Income TTM | $3.70B | $2.98B | $2.21B | $2.31B | $2.49B | $2.20B | $1.92B | $1.93B | $1.93B | $618M | $2.05B | $1.64B | |
| P/E | 17.3 | 16.5 | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 5.8% | 6.0% | · | · | · | · | · | · | · | · | · | · | |
| Payout Ratio | 54.3% | 64.0% | -79.6% | 71.4% | 61.1% | 64.9% | 70.3% | 65.0% | 62.2% | 181.4% | 51.6% | 60.9% | |
| Annual Payout | $2.01B | $1.90B | $1.75B | $1.65B | $-1.52B | $1.42B | $1.35B | $1.26B | $1.19B | $1.12B | $1.06B | $998M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.45B | $6.02B | $5.32B | $6.01B | $5.09B | $5.46B | $4.70B | $5.42B | $4.58B | $5.03B | $4.58B | $5.34B | $4.37B | $4.69B | $4.88B | $5.53B | |
| Operating Expenses | $4.20B | $4.66B | $4.20B | $4.49B | $3.69B | $4.18B | $3.60B | $4.07B | $3.90B | $3.85B | $3.95B | $3.99B | $3.50B | $3.99B | $4.32B | $4.60B | |
| Operating Income | $1.25B | $1.36B | $1.11B | $1.52B | $1.40B | $1.28B | $1.10B | $1.35B | $684M | $1.17B | $623M | $1.35B | $875M | $705M | $560M | $930M | |
| Interest Expense | · | · | · | · | · | · | · | $499M | $466M | $436M | · | $470M | $460M | $416M | · | $361M | |
| Other Non-op | $14M | $6M | $13M | $12M | $15M | $8M | $10M | $28M | $13M | $14M | $23M | $12M | $14M | $15M | $17M | $5M | |
| Pretax Income | $770M | $922M | $801M | $1.12B | $1.02B | $889M | $792M | $982M | $324M | $839M | $351M | $1.00B | $525M | $391M | $158M | $657M | |
| Income Tax | $52M | $44M | $116M | $139M | $-251M | $125M | $59M | $38M | $7M | $-142M | $-48M | $64M | $29M | $10M | $-85M | $-16M | |
| Net Income | $747M | $903M | $605M | $1.00B | $1.29B | $802M | $666M | $962M | $342M | $1.01B | $338M | $958M | $516M | $400M | $546M | $521M | |
| EPS (Basic) | $1.31 | $1.61 | $1.09 | $1.82 | $2.29 | $1.50 | $1.25 | $1.80 | $0.64 | $1.91 | $0.65 | $1.83 | $1.01 | $0.77 | $0.75 | $1.33 | |
| EPS (Diluted) | $1.30 | $1.60 | $1.06 | $1.81 | $2.29 | $1.50 | $1.24 | $1.80 | $0.64 | $1.90 | $0.63 | $1.83 | $1.01 | $0.77 | $0.73 | $1.33 | |
| Shares (Basic) | 544,163,341 | 542,079,269 | · | 534,867,357 | 534,283,554 | 533,391,487 | · | 532,208,876 | 528,898,816 | 526,552,036 | · | 520,459,880 | 514,879,144 | 514,176,648 | · | 513,730,196 | |
| Shares (Diluted) | 550,628,111 | 547,054,104 | · | 537,988,799 | 536,425,635 | 534,663,493 | · | 533,600,842 | 530,140,990 | 527,596,395 | · | 521,444,125 | 516,242,919 | 515,598,090 | · | 515,315,994 | |
| EBITDA | $1.25B | $1.36B | · | $1.52B | $1.40B | $1.28B | · | $1.35B | · | $1.17B | · | $1.35B | $875M | $705M | · | $930M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $375M | $306M | $197M | $1.07B | $227M | $257M | $203M | $246M | $202M | $231M | · | $353M | $305M | $344M | · | $522M | |
| Short-term Investments | $228M | $210M | $220M | $225M | $212M | $207M | $215M | $229M | $226M | $217M | · | $211M | $202M | $195M | · | $202M | |
| Receivables | $3.04B | $2.97B | $2.87B | $2.83B | $2.80B | $2.62B | $2.63B | $2.60B | $2.65B | $2.42B | · | $2.56B | $2.39B | $2.30B | · | $2.40B | |
| Prepaid Expense | $299M | $385M | $212M | $261M | $284M | $325M | $287M | $448M | $411M | $373M | · | $323M | $310M | $341M | · | $316M | |
| Current Assets | $7.13B | $6.62B | $6.05B | $6.86B | $6.32B | $5.94B | $5.79B | $6.02B | $6.65B | $5.85B | · | $6.74B | $8.04B | $7.80B | · | $9.32B | |
| PP&E (Net) | · | · | $736M | · | · | · | $715M | $80.07B | $78.86B | $77.80B | · | $75.82B | $74.68B | $73.35B | · | $69.81B | |
| PP&E (Gross) | $124.20B | $123.31B | $120.58B | $115.89B | $113.79B | $110.17B | $108.60B | $105.93B | $104.25B | $102.83B | · | $100.00B | $98.42B | $96.71B | · | $92.11B | |
| Accum. Depreciation | · | · | · | · | · | · | · | $25.85B | $25.39B | $25.04B | · | $24.18B | $23.73B | $23.36B | · | $22.29B | |
| Goodwill | $53M | $53M | $53M | $52M | $52M | $52M | $53M | $52M | $52M | $52M | · | $52M | $52M | $52M | · | $52M | |
| Other Non-current Assets | $17.76B | $16.30B | $16.03B | $15.38B | $15.12B | $14.89B | $14.87B | $14.02B | $3.37B | $3.67B | · | $3.09B | $3.61B | $3.87B | · | $3.70B | |
| Total Assets | $121.57B | $117.78B | $114.46B | $110.25B | $107.78B | $104.39B | $103.08B | $100.12B | $99.62B | $97.74B | · | $95.13B | $96.00B | $94.52B | · | $91.25B | |
| Accounts Payable | $3.97B | $3.15B | $3.43B | $2.81B | $2.71B | $2.38B | $2.64B | $2.27B | $2.33B | $1.99B | · | $2.26B | $2.43B | $2.27B | · | $2.24B | |
| Short-term Debt | $2.03B | $1.55B | $1.51B | $1.16B | $1.50B | $3.35B | $2.52B | $1.66B | $1.68B | $3.74B | · | $2.73B | $3.87B | $3.62B | · | $2.70B | |
| Current Liabilities | $14.15B | $12.59B | $13.31B | $10.00B | $11.44B | $14.24B | $13.01B | $10.65B | $10.16B | $10.91B | · | $11.28B | $13.27B | $12.62B | · | $11.84B | |
| Capital Leases | $568M | $572M | $578M | $496M | $506M | $502M | $504M | $490M | $497M | $509M | · | $515M | $534M | $536M | · | $540M | |
| Deferred Tax | $11.48B | $11.25B | $10.95B | $10.71B | $10.52B | $10.20B | $9.97B | $9.96B | $9.79B | $9.66B | · | $9.27B | $9.16B | $8.99B | · | $8.54B | |
| Other Non-current Liabilities | $1.31B | $1.24B | $905M | $845M | $914M | $828M | $801M | $678M | $646M | $561M | · | $597M | $568M | $573M | · | $639M | |
| Total Liabilities | $88.22B | $84.75B | $82.20B | $78.71B | $76.76B | $76.98B | $76.05B | $73.39B | $73.39B | $71.85B | · | $69.70B | $71.81B | $70.49B | · | $66.66B | |
| Long-term Debt | $50.81B | $49.55B | $47.32B | $46.14B | $44.53B | $42.99B | $42.64B | $41.97B | $42.06B | $39.84B | · | $39.49B | $40.14B | $39.14B | · | $35.05B | |
| Total Debt | $52.84B | $51.11B | · | $47.30B | $46.03B | $46.34B | · | $43.63B | · | $43.57B | · | $42.22B | $44.01B | $42.77B | · | $37.75B | |
| Common Stock | $3.55B | $3.54B | $3.52B | $3.49B | $3.48B | $3.48B | $3.47B | $3.47B | $3.47B | $3.43B | · | $3.42B | $3.42B | $3.42B | · | $3.41B | |
| Paid-in Capital | $12.50B | $12.45B | $12.14B | $11.56B | $11.50B | $9.65B | $9.61B | $9.53B | $9.50B | $9.09B | · | $9.00B | $8.11B | $8.07B | · | $8.00B | |
| Retained Earnings | $15.99B | $15.79B | $15.44B | $15.37B | $14.90B | $14.17B | $13.87B | $13.70B | $13.21B | $13.34B | · | $12.93B | $12.41B | $12.31B | · | $12.39B | |
| AOCI | $45M | $22M | $36M | $-28M | $-13M | $20M | $-3M | $-87M | $-40M | $-62M | · | $-40M | $-36M | $-68M | · | $475M | |
| Stockholders' Equity | $32.08B | $31.81B | $31.14B | $30.39B | $29.87B | $27.32B | $26.94B | $26.62B | $26.14B | $25.80B | · | $25.31B | $23.90B | $23.74B | · | $24.28B | |
| Liabilities + Equity | $121.57B | $117.78B | $114.46B | $110.25B | $107.78B | $104.39B | $103.08B | $100.12B | $99.62B | $97.74B | · | $95.13B | $96.00B | $94.52B | · | $91.25B |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Tax | $144M | $188M | $187M | $177M | $-219M | $165M | $-32M | $146M | $57M | $-113M | $14M | $36M | $68M | $68M | $-154M | $-5M | |
| Operating Cash Flow | $1.90B | $1.52B | $1.81B | $2.46B | $1.22B | $1.45B | $1.73B | $2.17B | $1.46B | $1.44B | $1.34B | $1.79B | $1.16B | $718M | $555M | $1.74B | |
| CapEx | $350M | $965M | $1.80B | $298M | $1.36B | $0 | $399M | $0 | · | · | · | · | · | · | · | · | |
| Investing Cash Flow | $-3.03B | $-3.57B | $-4.19B | $-2.40B | $-3.25B | $-2.10B | $-2.83B | $-1.52B | $-1.58B | $-1.67B | $-1.62B | $-378M | $-2.02B | $-2.25B | $-1.93B | $-1.62B | |
| Debt Issued | $2.14B | $2.91B | $2.01B | $3.09B | $2.60B | $562M | $1.37B | $85M | $2.80B | $860M | $1.45B | $59M | $1.11B | $2.85B | $1.22B | $789M | |
| Net Debt Issued | · | $2.23B | · | · | · | $332M | · | · | · | $-302M | · | · | · | $2.33B | · | · | |
| Stock Issued | $47M | $358M | $588M | $56M | $56M | $75M | $39M | $37M | $435M | $41M | $41M | $882M | $36M | $41M | $-700.0K | $14M | |
| Net Stock Activity | · | $358M | · | · | · | $75M | · | · | · | $41M | · | · | · | $41M | · | · | |
| Dividends Paid | $519M | $520M | $510M | $497M | $500M | $500M | $495M | $467M | $469M | $467M | $458M | $430M | $432M | $432M | $433M | $409M | |
| Financing Cash Flow | $1.24B | $2.12B | $1.54B | $770M | $2.01B | $698M | $1.05B | $-602M | $84M | $130M | $259M | $-1.36B | $814M | $1.36B | $1.35B | $-163M | |
| Taxes Paid | $-32M | $-14M | $-144M | $800.0K | $52M | $-10M | $-157M | $27M | $45M | $16M | $-51M | $17M | $-6M | $16M | $13M | $9M | |
| Free Cash Flow | · | $554M | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 22.9% | 22.6% | · | 25.3% | 27.5% | 23.5% | · | 24.9% | · | 23.3% | · | 25.3% | 20.0% | 15.0% | · | 16.8% | |
| Net Margin | 13.7% | 15.0% | · | 16.6% | 25.3% | 14.7% | · | 17.7% | · | 20.0% | · | 9.7% | 11.8% | 8.5% | · | 12.4% | |
| Pretax Margin | 14.1% | 15.3% | · | 18.6% | 20.0% | 16.3% | · | 18.1% | · | 16.7% | · | 18.7% | 12.0% | 8.3% | · | 11.9% | |
| EBITDA Margin | 22.9% | 22.6% | · | 25.3% | 27.5% | 23.5% | · | 24.9% | · | 23.3% | · | 25.3% | 20.0% | 15.0% | · | 16.8% | |
| ROA | 0.65% | 0.81% | · | 0.95% | 1.2% | 0.79% | · | 0.99% | · | 1.1% | · | 0.55% | 0.55% | 0.43% | · | 0.77% | |
| ROE | 2.4% | 3.0% | · | 3.5% | 4.6% | 3.0% | · | 3.7% | · | 4.1% | · | 2.1% | 2.1% | 1.7% | · | 2.9% | |
| ROIC | 1.4% | 1.6% | · | 1.7% | 2.3% | 1.5% | · | 1.8% | · | 2.0% | · | 1.9% | 1.2% | 1.0% | · | 1.5% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.5 | 0.5 | · | 0.7 | 0.6 | 0.4 | · | 0.6 | · | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.8 | |
| Quick Ratio | 0.3 | 0.3 | · | 0.4 | 0.3 | 0.2 | · | 0.3 | · | 0.3 | · | 0.3 | 0.2 | 0.2 | · | 0.3 | |
| Debt / Equity | 1.6 | 1.6 | · | 1.6 | 1.5 | 1.7 | · | 1.6 | · | 1.7 | · | 1.7 | 1.8 | 1.8 | · | 1.6 | |
| LT Debt / Equity | 1.5 | 1.5 | · | 1.5 | 1.4 | 1.4 | · | 1.5 | · | 1.5 | · | 1.5 | 1.5 | 1.5 | · | 1.4 | |
| Interest Coverage | · | · | · | · | · | · | · | 2.7 | · | 2.7 | · | 2.9 | 1.9 | 1.7 | · | 2.6 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.1 | · | 0.1 | 0.0 | 0.1 | · | 0.1 | · | 0.1 | · | 0.1 | 0.0 | 0.1 | · | 0.1 | |
| Receivables Turnover | 1.9 | 2.2 | · | 2.2 | 1.9 | 2.2 | · | 2.1 | · | 2.1 | · | 2.2 | 1.8 | 2.2 | · | 2.5 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $9.89 | $11.00 | · | $11.17 | $9.48 | $10.22 | · | $10.16 | · | $9.53 | · | $10.24 | $8.47 | $9.10 | · | $10.72 | |
| Cash Flow / Share | · | $2.78 | · | · | · | $2.71 | · | · | · | $2.73 | · | · | · | $1.39 | · | · | |
| Dividend / Share | $0.95 | $0.95 | $0.95 | $0.93 | $0.93 | $0.93 | $0.93 | $0.88 | $0.88 | $0.88 | $0.88 | $0.83 | $0.83 | $0.83 | $0.78 | $0.83 | |
| EPS (TTM) | $5.77 | $6.76 | · | $6.84 | $6.83 | $5.18 | · | $4.97 | $5.00 | $5.37 | · | $4.34 | $3.84 | $3.85 | · | $4.84 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $22.79B | $22.43B | · | $21.26B | $20.67B | $20.16B | · | $19.60B | $19.52B | $19.32B | · | $19.29B | $19.47B | $19.74B | · | $18.82B | |
| Net Income TTM | $3.26B | $3.80B | · | $3.76B | $3.72B | $2.77B | · | $2.65B | $2.64B | $2.82B | · | $2.42B | $1.98B | $1.99B | · | $2.30B | |
| P/E | 23.7 | 19.4 | · | 16.4 | 15.2 | 21.1 | · | 20.6 | 17.5 | 16.0 | · | · | · | · | · | · | |
| Earnings Yield | 4.2% | 5.2% | · | 6.1% | 6.6% | 4.7% | · | 4.8% | 5.7% | 6.2% | · | · | · | · | · | · | |
| Payout Ratio | · | 57.6% | · | · | · | 62.5% | · | · | · | 46.4% | · | · | · | 107.8% | · | · | |
| Annual Payout | $2.05B | $2.03B | · | $1.99B | $1.96B | $1.93B | · | $1.86B | $1.82B | $1.79B | · | $1.73B | $1.71B | $1.68B | · | $-1.43B |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $21.88B | $19.72B | $18.98B | $19.64B | $16.79B |
| Operating Margin % | 24.3% | 21.8% | 18.7% | 17.7% | 20.3% |
| Net Income | $3.70B | $2.98B | $2.21B | $2.31B | $2.49B |
| Diluted EPS | $6.66 | $5.58 | $4.24 | $4.49 | $4.96 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 1.6 | 1.7 | 1.7 | 1.7 | 1.6 |
| Current Ratio | 0.5 | 0.4 | 0.5 | 0.6 | 0.6 |
| Quick Ratio | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $3.49B | · | · | · | · |
Institutional owners (13F) 2,124 filers · $74.1B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 147 (-114 vs prior Q) | 92 (-27 vs prior Q) | 890 (+149 vs prior Q) | 606 (-35 vs prior Q) | +57.3M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $6,980,601,396 | 51,024,057 | 9.41% | Shares |
| VANGUARD GROUP INC | $6,053,416,963 | 52,496,895 | 8.16% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $4,860,786,927 | 35,529,471 | 6.56% | Shares |
| STATE STREET CORP | $4,211,441,657 | 30,783,142 | 5.68% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,213,952,286 | 23,492,086 | 4.33% | Shares |
| Invesco Ltd. | $2,671,608,401 | 19,527,874 | 3.60% | Shares |
| MORGAN STANLEY | $2,596,714,806 | 18,980,444 | 3.50% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,962,851,721 | 14,404,302 | 2.65% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $1,897,829,005 | 13,872,005 | 2.56% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,678,638,318 | 12,269,851 | 2.26% | Shares |
| GOLDMAN SACHS GROUP INC | $1,500,187,373 | 10,965,480 | 2.02% | Shares |
| GQG Partners LLC | $1,404,093,904 | 10,263,074 | 1.89% | Shares |
| AMERIPRISE FINANCIAL INC | $1,333,235,649 | 9,728,413 | 1.80% | Shares |
| FMR LLC | $1,272,734,443 | 9,302,934 | 1.72% | Shares |
| FRANKLIN RESOURCES INC | $1,251,581,393 | 9,148,318 | 1.69% | Shares |
| Dodge & Cox | $1,186,738,508 | 8,674,355 | 1.60% | Shares |
| BARCLAYS PLC | $935,326,600 | 6,836,683 | 1.26% | Shares |
| ROYAL BANK OF CANADA | $819,661,000 | 5,991,251 | 1.11% | Shares |
| Nuveen, LLC | $783,898,307 | 5,729,832 | 1.06% | Shares |
| ALLIANCEBERNSTEIN L.P. | $707,598,678 | 5,398,220 | 0.95% | Shares |
| Legal & General Group Plc | $680,638,367 | 4,975,065 | 0.92% | Shares |
| NORTHERN TRUST CORP | $636,313,844 | 4,651,077 | 0.86% | Shares |
| MILLENNIUM MANAGEMENT LLC | $614,013,130 | 4,488,072 | 0.83% | Shares |
| Allspring Global Investments Holdings, LLC | $613,818,774 | 4,545,122 | 0.83% | Shares |
| CITIGROUP INC | $597,019,048 | 4,363,855 | 0.81% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $572,649,426 | 4,176,896 | 0.77% | Shares |
| WELLS FARGO & COMPANY/MN | $546,708,057 | 3,996,112 | 0.74% | Shares |
| Bank of New York Mellon Corp | $495,494,929 | 3,621,775 | 0.67% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $488,261,917 | 3,568,905 | 0.66% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $443,756,412 | 3,243,607 | 0.60% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $417,975,756 | 3,055,155 | 0.56% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $399,898,208 | 3,050,795 | 0.54% | Shares |
| Amundi | $396,976,241 | 2,901,661 | 0.54% | Shares |
| Pictet Asset Management Holding SA | $380,121,386 | 2,778,462 | 0.51% | Shares |
| JPMORGAN CHASE & CO | $344,025,721 | 2,493,480 | 0.46% | Shares |
| RAYMOND JAMES FINANCIAL INC | $342,746,383 | 2,505,273 | 0.46% | Shares |
| UBS Group AG | $339,575,144 | 2,482,093 | 0.46% | Shares |
| Mawer Investment Management Ltd. | $312,454,613 | 2,283,858 | 0.42% | Shares |
| DEUTSCHE BANK AG\ | $298,805,623 | 2,184,092 | 0.40% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $292,804,182 | 2,140,225 | 0.39% | Shares |
| JANUS HENDERSON GROUP PLC | $290,894,120 | 2,219,198 | 0.39% | Shares |
| TD Asset Management Inc | $289,616,646 | 2,116,926 | 0.39% | Shares |
| HighTower Advisors, LLC | $271,325,787 | 1,983,231 | 0.37% | Shares |
| National Pension Service | $269,620,907 | 1,970,769 | 0.36% | Shares |
| BANK OF MONTREAL /CAN/ | $266,610,804 | 1,948,767 | 0.36% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $253,860,810 | 1,855,418 | 0.34% | Shares |
| ANTIPODES PARTNERS Ltd | $232,488,894 | 1,699,356 | 0.31% | Shares |
| Point72 Asset Management, L.P. | $221,173,066 | 1,616,644 | 0.30% | Shares |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | $212,678,533 | 1,554,554 | 0.29% | Shares |
| Swiss National Bank | $209,757,092 | 1,533,200 | 0.28% | Shares |
Company insiders 79 insiders · 14 officers · 16 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| William Fehrman | CEO and President | Aug. 1, 2026 F | 133,539 | 0 | 0 | $0 |
| Trevor I Mihalik | Executive VP & CFO | March 10, 2026 F | 79,595 | 0 | 0 | $0 |
| Douglas A Cannon | President AEP Transmission | May 1, 2026 F | 25,655 | 0 | 0 | $0 |
| Alicia R Knapp | President Nuclear Development | March 10, 2026 F | 14,482 | 0 | 0 | $0 |
| Lisa M Barton | Exec VP, COO | May 5, 2022 S | 13,712 | 0 | 0 | $0 |
| Kate Sturgess | Controller, CAO | Sept. 8, 2026 S | 15,856 | 0 | 1 | $-250,000 |
| Greg B Hall | Executive Vice President | Aug. 1, 2026 F | 34,408 | 0 | 0 | $0 |
| Johannes G Eckert | Executive Vice President | March 10, 2026 F | 4,714 | 0 | 0 | $0 |
| Kelly J Ferneau | Executive Vice President | March 10, 2026 F | 20,199 | 0 | 2 | $-290,274 |
| Robert Berntsen | Executive Vice President | March 10, 2026 F | 21,397 | 0 | 0 | $0 |
| Phillip R. Ulrich | Executive Vice President | March 10, 2026 F | 42,323 | 0 | 1 | $-542,320 |
| David Matthew Feinberg | Executive Vice President | June 17, 2025 S | 10,274 | 0 | 0 | $0 |
| Quinton S Lies | Executive Vice President | May 19, 2025 S | 9,658 | 0 | 0 | $0 |
| Paul Chodak III | Executive Vice President | May 5, 2022 S | 7,731 | 0 | 0 | $0 |
| Joseph G Sauvage | Director | Sept. 30, 2026 A | · | 0 | 0 | $0 |
| Daryl Roberts | Director | Sept. 30, 2026 A | · | 0 | 0 | $0 |
| Daniel G. Stoddard | Director | Sept. 30, 2026 A | 1,645 | 0 | 0 | $0 |
| Charles J Meyers | Director | Sept. 30, 2026 A | · | 0 | 0 | $0 |
| Margaret M Mccarthy | Director | Sept. 30, 2026 A | · | 0 | 0 | $0 |
| Sara Martinez Tucker | Director | Sept. 30, 2026 A | 32,073 | 0 | 0 | $0 |
| David Sheets Marriott | Director | Sept. 30, 2026 A | · | 0 | 0 | $0 |
| Lewis Von Thaer | Director | Sept. 30, 2026 A | · | 0 | 0 | $0 |
| Sandra Beach Lin | Director | Sept. 30, 2026 A | 1,000 | 0 | 0 | $0 |
| Benjamin G S Fowke III | Director | Sept. 30, 2026 A | 25,898 | 0 | 3 | $-1,770,850 |
| Art A Garcia | Director | Sept. 30, 2026 A | 2,500 | 0 | 0 | $0 |
| Hunter Clark Gary | Director | March 31, 2026 A | · | 0 | 0 | $0 |
| Henry P Linginfelter | Director | March 31, 2026 A | · | 0 | 0 | $0 |
| Donna James | Director | June 30, 2025 A | · | 0 | 0 | $0 |
| Richard Oliver G III | Director | June 30, 2023 A | 2,195 | 0 | 0 | $0 |
| Antonio P Smyth | · | March 10, 2025 F | 11,901 | 0 | 0 | $0 |
| Therace Risch | · | March 10, 2025 F | 20,539 | 0 | 0 | $0 |
| Charles E Zebula | · | March 10, 2025 F | 78,647 | 0 | 0 | $0 |
| Linda Goodspeed | · | June 30, 2024 A | · | 0 | 0 | $0 |
| Christian T Beam | · | May 1, 2024 F | 7,787 | 0 | 0 | $0 |
| Peggy Simmons | · | May 1, 2024 F | 13,996 | 0 | 0 | $0 |
| Barnie J Beasley | · | April 2, 2024 A | 0 | 0 | 0 | $0 |
| Julia A Sloat | · | Feb. 21, 2024 F | 49,855 | 0 | 0 | $0 |
| Nicholas K Akins | · | May 2, 2023 S | 125,520 | 0 | 0 | $0 |
| Jospeh M Buonaiuto | · | May 1, 2023 F | 18,711 | 0 | 0 | $0 |
| Raja Sundararajan | · | Feb. 23, 2023 F | 12,737 | 0 | 0 | $0 |
| Ann P Kelly | · | Feb. 21, 2023 F | 5,621 | 0 | 0 | $0 |
| Charles R. Patton | · | May 1, 2022 F | 28,242 | 0 | 0 | $0 |
| Thomas E Hoaglin | · | March 31, 2022 A | 1,000 | 0 | 0 | $0 |
| David J Anderson | · | March 31, 2022 A | · | 0 | 0 | $0 |
| Stephen S Rasmussen | · | Dec. 31, 2021 A | · | 0 | 0 | $0 |
| Mark C Mccullough | · | Sept. 14, 2021 F | 4,072 | 0 | 0 | $0 |
| Brian X Tierney | · | July 8, 2021 F | 40,693 | 0 | 0 | $0 |
| Ralph D Crosby JR | · | March 31, 2021 A | · | 0 | 0 | $0 |
| NOTEBAERT RICHARD C | · | March 31, 2021 A | · | 0 | 0 | $0 |
| Lana L Hillebrand | · | Jan. 25, 2021 F | 10,255 | 0 | 0 | $0 |
| Lionel L Nowell III | · | March 31, 2020 A | 0 | 0 | 0 | $0 |
| Robert P Powers | · | May 1, 2017 M | 0 | 0 | 0 | $0 |
| Dennis E Welch | · | May 1, 2015 M | 1,767 | 0 | 0 | $0 |
| John F Turner | · | March 31, 2014 A | · | 0 | 0 | $0 |
| Michael G Morris | · | March 31, 2014 A | 268,285 | 0 | 0 | $0 |
| Richard L Sandor | · | March 31, 2014 A | · | 0 | 0 | $0 |
| James F Cordes | · | March 31, 2013 A | 2,000 | 0 | 0 | $0 |
| Lester A Hudson JR | · | March 31, 2012 A | · | 0 | 0 | $0 |
| Michael D. Miller | · | July 28, 2011 F | 24,881 | 0 | 0 | $0 |
| E R Brooks | · | March 31, 2011 A | 12,350 | 0 | 0 | $0 |
| Kathryn D Sullivan | · | March 31, 2011 A | · | 0 | 0 | $0 |
| Donald M Carlton | · | March 31, 2011 A | · | 0 | 0 | $0 |
| Susan Tomasky | · | Jan. 1, 2011 A | 0 | 0 | 0 | $0 |
| Carl L English | · | Jan. 1, 2011 A | 20,899 | 0 | 0 | $0 |
| Venita Mccellon-Allen | · | Nov. 17, 2009 I | 31 | 0 | 0 | $0 |
| John S Desbarres | · | Dec. 31, 2008 A | · | 0 | 0 | $0 |
| Stephen P Smith | · | May 30, 2008 M | 18,520 | 0 | 0 | $0 |
| Donald G Smith | · | March 31, 2008 A | · | 0 | 0 | $0 |
| Robert W Fri | · | March 31, 2008 A | · | 0 | 0 | $0 |
| William R Howell | · | March 31, 2008 A | · | 0 | 0 | $0 |
| Holly K Koeppel | · | Feb. 7, 2008 I | 1,775 | 0 | 0 | $0 |
| John B Keane | · | Jan. 22, 2008 A | 11,071 | 0 | 0 | $0 |
| Thomas M Hagan | · | Jan. 22, 2008 M | 10,493 | 0 | 0 | $0 |
| Coulter R Boyle | · | May 6, 2005 M | 0 | 0 | 0 | $0 |
| Leonard J Kujawa | · | March 31, 2005 A | · | 0 | 0 | $0 |
| Linda G Stuntz | · | March 31, 2004 A | · | 0 | 0 | $0 |
| Linn E Draper JR | · | Feb. 11, 2004 M | 755 | 0 | 0 | $0 |
| Thomas V Shockley III | · | Dec. 10, 2003 A | · | 0 | 0 | $0 |
| Henry W Fayne | · | Dec. 10, 2003 A | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 151 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| UTES · ETFis Series Trust I | 4.75% | 488,674 NS | July 31, 2026 | N-PORT |
| VPU · VANGUARD WORLD FUND | 4.73% | 3,721,202 SH | Aug. 19, 2026 | Daily |
| FUTY · FIDELITY COVINGTON TRUST | 4.53% | 822,824 NS | July 31, 2026 | N-PORT |
| IDU · iShares Trust | 4.31% | 451,472 SH | Sept. 11, 2026 | Daily |
| UTSL · Direxion Shares ETF Trust | 3.90% | 11,544 NS | July 31, 2026 | N-PORT |
| RSPU · Invesco Exchange-Traded Fund Trust | 3.32% | 130,990 SH | Oct. 2, 2026 | Daily |
| PUI · Invesco Exchange-Traded Fund Trust | 3.22% | 12,921 SH | Oct. 2, 2026 | Daily |
| JXI · iShares Trust | 3.08% | 74,917 SH | Sept. 11, 2026 | Daily |
| TBG · EA Series Trust | 2.95% | 59,979 NS | July 31, 2026 | N-PORT |
| POWR · iShares, Inc. | 2.70% | 99,851 SH | Sept. 11, 2026 | Daily |
| FXU · First Trust Exchange-Traded AlphaDE… | 2.38% | 154,498 NS | July 31, 2026 | N-PORT |
| IGF · iShares Trust | 1.92% | 1,615,908 SH | Sept. 11, 2026 | Daily |
| ELCV · Strategy Shares | 1.85% | 36,333 NS | July 31, 2026 | N-PORT |
| FPWR · First Trust Exchange-Traded Fund IV | 1.67% | 3,876 NS | July 31, 2026 | N-PORT |
| EMLP · First Trust Exchange-Traded Fund IV | 1.65% | 531,548 NS | July 31, 2026 | N-PORT |
| VRP · Invesco Exchange-Traded Fund Trust … | 1.58% | 49,272,000 | Oct. 2, 2026 | Daily |
| PWV · Invesco Exchange-Traded Fund Trust | 1.49% | 225,867 SH | Oct. 2, 2026 | Daily |
| IQRA · New York Life Investments Active ET… | 1.46% | 787 NS | July 31, 2026 | N-PORT |
| QNXT · iShares Trust | 1.29% | 2,846 SH | Sept. 11, 2026 | Daily |
| SPLV · Invesco Exchange-Traded Fund Trust … | 1.10% | 635,089 SH | Oct. 2, 2026 | Daily |
| FDVV · FIDELITY COVINGTON TRUST | 1.10% | 871,698 NS | July 31, 2026 | N-PORT |
| VRAI · ETFis Series Trust I | 1.04% | 1,515 NS | July 31, 2026 | N-PORT |
| QQQE · Direxion Shares ETF Trust | 1.03% | 107,307 NS | July 31, 2026 | N-PORT |
| NFRA · FlexShares Trust | 0.97% | 227,487 NS | July 31, 2026 | N-PORT |
| DVY · iShares Trust | 0.91% | 1,739,193 SH | Sept. 11, 2026 | Daily |
| VFMV · VANGUARD WELLINGTON FUND | 0.87% | 26,601 SH | Aug. 19, 2026 | Daily |
| ESUM · Strategy Shares | 0.84% | 12,029 NS | July 31, 2026 | N-PORT |
| EQIN · Columbia ETF Trust I | 0.73% | 17,428 NS | July 31, 2026 | N-PORT |
| SPVM · Invesco Exchange-Traded Fund Trust | 0.71% | 7,804 SH | Oct. 2, 2026 | Daily |
| TRFM · ETF Series Solutions | 0.71% | 13,739 NS | July 31, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 0.64% | 1,747,586 SH | Aug. 19, 2026 | Daily |
| LQAI · Exchange Listed Funds Trust | 0.63% | 109 NS | July 31, 2026 | N-PORT |
| IMCV · iShares Trust | 0.55% | 51,254 SH | Sept. 11, 2026 | Daily |
| USMV · iShares Trust | 0.47% | 911,683 SH | Sept. 11, 2026 | Daily |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.47% | 51,336 NS | July 31, 2026 | N-PORT |
| IMCB · iShares Trust | 0.47% | 63,636 SH | Sept. 11, 2026 | Daily |
| EIPX · First Trust Exchange-Traded Fund IV | 0.46% | 20,348 NS | July 31, 2026 | N-PORT |
| DGRO · iShares Trust | 0.44% | 1,514,710 SH | Sept. 11, 2026 | Daily |
| IMCG · iShares Trust | 0.39% | 126,831 SH | Sept. 11, 2026 | Daily |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.39% | 76,501 NS | July 31, 2026 | N-PORT |
| WLDR · Two Roads Shared Trust | 0.38% | 2,741 NS | July 31, 2026 | N-PORT |
| XOEF · iShares Trust | 0.38% | 683 SH | Sept. 10, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.37% | 13,115 NS | July 31, 2026 | N-PORT |
| VO · VANGUARD INDEX FUNDS | 0.36% | 5,895,495 SH | Aug. 19, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.35% | 10,091,000 | Oct. 2, 2026 | Daily |
| QLV · FlexShares Trust | 0.34% | 4,368 NS | July 31, 2026 | N-PORT |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.32% | 3,073,908 SH | Aug. 19, 2026 | Daily |
| PTNQ · Pacer Funds Trust | 0.32% | 29,754 NS | July 31, 2026 | N-PORT |
| QQWZ · Pacer Funds Trust | 0.32% | 1,263 NS | July 31, 2026 | N-PORT |
| VYM · VANGUARD WHITEHALL FUNDS | 0.31% | 2,173,472 SH | Aug. 19, 2026 | Daily |
| ROUS · Lattice Strategies Trust | 0.30% | 16,774 NS | July 31, 2026 | N-PORT |
| ESLV · Strategy Shares | 0.30% | 338 NS | July 31, 2026 | N-PORT |
| QSIX · Pacer Funds Trust | 0.29% | 420 NS | July 31, 2026 | N-PORT |
| VTV · VANGUARD INDEX FUNDS | 0.28% | 5,178,611 SH | Aug. 19, 2026 | Daily |
| QQQM · Invesco Exchange-Traded Fund Trust … | 0.27% | 2,504,348 SH | Oct. 2, 2026 | Daily |
| QQQ · Invesco QQQ Trust, Series 1 | 0.27% | 11,402,328 SH | Oct. 2, 2026 | Daily |
| FDLO · FIDELITY COVINGTON TRUST | 0.27% | 30,098 NS | July 31, 2026 | N-PORT |
| FDRR · FIDELITY COVINGTON TRUST | 0.27% | 15,437 NS | July 31, 2026 | N-PORT |
| QUVU · Hartford Funds Exchange-Traded Trust | 0.27% | 3,736 NS | July 31, 2026 | N-PORT |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.26% | 125,344 SH | Aug. 19, 2026 | Daily |
| FDMO · FIDELITY COVINGTON TRUST | 0.26% | 18,118 NS | July 31, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.25% | 30,899 NS | July 31, 2026 | N-PORT |
| IWX · iShares Trust | 0.25% | 78,550 SH | Sept. 11, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.25% | 336,000 | Oct. 2, 2026 | Daily |
| PFM · Invesco Exchange-Traded Fund Trust | 0.24% | 15,498 SH | Oct. 2, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.24% | 3,101 NS | July 31, 2026 | N-PORT |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.23% | 10,512,000 | Oct. 2, 2026 | Daily |
| IVE · iShares Trust | 0.23% | 902,805 SH | Sept. 11, 2026 | Daily |
| IUSV · iShares Trust | 0.21% | 476,860 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.21% | 328,871 SH | Aug. 19, 2026 | Daily |
| EUSA · iShares, Inc. | 0.20% | 30,902 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.20% | 13,177 SH | Oct. 2, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.20% | 1,565,616 SH | Oct. 2, 2026 | Daily |
| IWD · iShares Trust | 0.18% | 1,210,530 SH | Sept. 11, 2026 | Daily |
| MGV · VANGUARD WORLD FUND | 0.18% | 170,992 SH | Aug. 19, 2026 | Daily |
| SIZE · iShares Trust | 0.18% | 6,101 SH | Sept. 11, 2026 | Daily |
| ACWV · iShares, Inc. | 0.15% | 40,730 SH | Sept. 11, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.14% | 4,478,000 | Oct. 1, 2026 | Daily |
| VMAX · Lattice Strategies Trust | 0.14% | 552 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.14% | 113,636 SH | Oct. 2, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.13% | 18,384 SH | Oct. 2, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.13% | 4,658,000 | Oct. 2, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.13% | 33,258 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.12% | 328 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.12% | 118,971 NS | July 31, 2026 | N-PORT |
| LGDX · Tidal Trust III | 0.12% | 1,359 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.12% | 14,135,836 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.12% | 635,459 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.12% | 2,422 NS | July 31, 2026 | N-PORT |
| IWL · iShares Trust | 0.12% | 21,195 SH | Sept. 11, 2026 | Daily |
| ILCV · iShares Trust | 0.11% | 12,219 SH | Sept. 11, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.11% | 90,777 SH | Oct. 2, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.11% | 90,212 SH | Aug. 19, 2026 | Daily |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 74,981 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.11% | 27,362 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.11% | 9,195 NS | July 31, 2026 | N-PORT |
| JFLI · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 400 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.11% | 45,496 NS | July 31, 2026 | N-PORT |
| EWUS · iShares Trust | 0.11% | 16,687 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.10% | 170,822 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.10% | 6,858,303 SH | Sept. 11, 2026 | Daily |
| ILCB · iShares Trust | 0.10% | 10,532 SH | Sept. 11, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.10% | 3,240 SH | Oct. 2, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.10% | 17,274,078 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.10% | 45,830 SH | Aug. 19, 2026 | Daily |
| DYNF · BlackRock ETF Trust | 0.10% | 335,857 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.10% | 2,053 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.10% | 45 NS | July 31, 2026 | N-PORT |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.10% | 94,262 SH | Oct. 2, 2026 | Daily |
| QDPL · Pacer Funds Trust | 0.10% | 13,097 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.10% | 23,369 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.10% | 376,314 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.09% | 149,664 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.09% | 708,369 SH | Sept. 11, 2026 | Daily |
| PEVC · Pacer Funds Trust | 0.09% | 17 NS | July 31, 2026 | N-PORT |
| DIVB · iShares Trust | 0.09% | 14,677 SH | Sept. 11, 2026 | Daily |
| ILCG · iShares Trust | 0.09% | 22,197 SH | Sept. 11, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.09% | 3,784 NS | July 31, 2026 | N-PORT |
| VEGI · iShares, Inc. | 0.09% | 55,500 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.08% | 314,733 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.08% | 431 SH | Oct. 2, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.08% | 42,538 NS | July 31, 2026 | N-PORT |
| TOK · iShares Trust | 0.08% | 1,480 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.08% | 12,956 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.07% | 48,654 SH | Sept. 11, 2026 | Daily |
| MGC · VANGUARD WORLD FUND | 0.07% | 54,593 SH | Aug. 19, 2026 | Daily |
| ACWI · iShares Trust | 0.07% | 174,382 SH | Sept. 11, 2026 | Daily |
| USCL · iShares Trust | 0.06% | 14,277 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.06% | 448,019 SH | Aug. 19, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.05% | 19,171 SH | Oct. 2, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.04% | 462 NS | July 31, 2026 | N-PORT |
| IEUS · iShares Trust | 0.03% | 20,502 SH | Sept. 11, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.02% | 753,400 | Oct. 2, 2026 | Daily |
| GTOS · Invesco Actively Managed Exchange-T… | 0.01% | 16,000 | Oct. 2, 2026 | Daily |
| SCZ · iShares Trust | 0.01% | 610,532 SH | Sept. 11, 2026 | Daily |
| IEFA · iShares Trust | 0.00% | 1,273,008 SH | Sept. 11, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCRB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VPLS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VGMS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| IFRA · iShares Trust | · | 663,289 SH | Sept. 11, 2026 | Daily |
AEP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
20 analysts · 2026-09-28Mean target $142.97 +19.6%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AEP | · | 17.3 | 10.9% | 16.9% | 12.7% | · |
| NEE | $167.22B | 24.3 | 9.8% | 26.5% | 13.1% | · |
| SO | · | · | · | · | · | · |
| CEG | $110.22B | 47.7 | 8.3% | 9.1% | 16.8% | · |
| DUK | $91.19B | 18.6 | 5.6% | 15.7% | 9.7% | · |
| XEL | $46.06B | 21.6 | · | · | 9.4% | · |
| ETR | · | 23.6 | 9.0% | 13.7% | 11.1% | · |
| EXC | $44.59B | 15.3 | 5.3% | 11.4% | 9.9% | · |
| PCG | $35.32B | 13.6 | 2.1% | 10.8% | 8.6% | · |
| FE | $25.87B | 25.4 | 12.0% | 6.8% | 8.2% | · |
| PPL | · | · | · | · | · | · |
Latest News Recent headlines mentioning this company
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
No open signal right now — no card is filled, and that's honest.
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