American Electric Power Company, Inc. (AEP)财务
NASDAQ · Utilities · Regulated Electric · 员工17,581人 · CEO William J. Fehrman
- 股价
- $126.53 -0.19%
- 市值
- $689亿
- 企业价值
- $1240亿
- 最近财报
- Q3 '26 2026-10-28提交
- 下次财报
- 2027-02-11 EPS预期 $1.36
营收(TTM)$233亿+8.9% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)28.6%+3.1 百分点 对比去年同期营业利润 $66.8亿
净利润(TTM)$33.6亿-8.4% 对比去年同期税后,含营业外收益
自由现金流(TTM)$60.1亿+64.9% 对比去年同期资本支出 $14.9亿
稀释EPS(TTM)$6.13-10.5% 对比去年同期最近4个季度之和
净现金-$544亿-16.9% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $689亿 EV $1240亿
- 营收
- $233亿 过去12个月
- 营收增速
- +9% FY2026年一致预期
- 净利润率
- 14.4% 净利润 / 营收,TTM
- P/E
- 20.5× 预期 19.5×(FY2026)
- P/S
- 3.0× 股价 / 营收,TTM
- EV / EBITDA
- 13.7× TTM
- 自由现金流
- $60.1亿 过去12个月
- 净利润
- $33.6亿 过去12个月
- 营收预期
- $238亿 FY2026年一致预期
- 盈利
- 2027-02-11 营收预期 $54.8亿
- 股息
- $3.80 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-28):营收超预期4.4%,EPS 超预期8.8%营收$68.3亿,预期$65.5亿(+4.4%);EPS $2.23,预期$2.05(+8.8%)。
- 营收增长加速:同比13.7%Q3 '26营收$68.3亿,此前四个季度的平均值为7.6%。
- 营业利润率28.6%(TTM),较去年同期+3.1 百分点营收增长8.9%,营业利润增长21.9%。
- 税前利润的78.0%被营业外亏损吞噬税前利润$37.5亿,营业利润$66.8亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的6.4%(去年为15.0%)最近4个季度投入$14.9亿(同比-53.6%)。自由现金流$60.1亿,相当于净利润的179.0%。
- 股东回报$20.7亿 = 自由现金流的34.4%回购$0(去年为$0),股息$20.7亿,股权激励$0(TTM)。
- 稀释股数一年内增加2.3%Q3 '26稀释股数5.5亿,一年前为5.38亿。
- 净债务 $544亿现金 + 短期投资 $6.7亿,含租赁债务 $551亿;一年前净债务 $466亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $68.3亿 | $60.1亿 | +13.7% |
| 毛利率 | 26.5% | 47.0% | -20.5 百分点 |
| 营业利润 | $18.1亿 | $15.2亿 | +19.1% |
| 营业利润率 | 26.5% | 25.3% | +1.2 百分点 |
| 净利润 | $11.9亿 | $9.72亿 | +22.1% |
| 稀释EPS | $2.16 | $1.81 | +19.3% |
| 经营现金流 | $23.5亿 | $24.6亿 | -4.6% |
| 资本支出 | $35亿 | $6.65亿 | +426.5% |
| 自由现金流 | -$11.6亿 | $17.9亿 | -164.4% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $0 | $0 | – |
实际 vs 一致预期
2026-10-28| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $68.3亿 | $65.5亿 | +4.4% |
| EPS(一致预期口径) | $2.23 | $2.05 | +8.8% |
来自2026-10-28发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Total Retail Revenues | $39.8亿 | – | 73.1% | – | – | |
| Total Wholesale and Competitive Retail Revenues | $13.1亿 | – | 24.0% | – | – | |
| Other Revenues | $1.74亿 | – | 3.2% | – | – | |
| Total Other Revenues | -$1600万 | – | -0.3% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $75亿
- 资本支出
- -$14.9亿
- 股票回购
- $0
- 股息
- -$20.7亿
- 收购
- -$16.9亿
- 债务净发行
- $66.1亿
- 股权激励费用
- $0
- 自由现金流
- $60.1亿
- 股东回报 / FCF
- 34.4%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 20.5× | 18.4× | 16.5× – 21.1× |
| EV / EBITDA | 13.7× | 12.0× | 11.7× – 12.6× |
| EV / 营收 | 5.3× | 4.7× | 4.4× – 5.0× |
| 股价 / FCF | 11.5× | 8.8× 5年中的1年 | 8.8× – 8.8× |
| 股价 / 净资产 | 2.1× | 1.9× | 1.7× – 2.0× |
| FCF收益率 | 8.7% | -0.8% | -5.9% – 11.4% |
| 投入资本回报率 | 5.2% | 4.4% | 3.9% – 5.0% |
| 净资产收益率 | 10.5% | 10.4% | 8.7% – 11.5% |
分析师
一致目标价 $140.54 (+11.1%)
区间 $129.00 – $153.00 · 评级 Buy
强烈买入0
买入24
持有13
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $238亿 | +9.4% | $6.47 | -2.8% | 19.5× | 11 |
| FY2027 | $253亿 | +5.9% | $6.91 | +6.7% | 18.3× | 12 |
| FY2028 | $273亿 | +8.0% | $7.59 | +9.9% | 16.7× | 6 |
| FY2029 | $301亿 | +10.4% | $8.38 | +10.4% | 15.1× | 3 |
| FY2030 | $322亿 | +6.9% | $9.21 | +9.9% | 13.7× | 2 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
American Electric Power Company, Inc.在近期10-Q / 10-K文件中标记的全部301项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $31.5亿 | $23.8亿 | +32.2% | $34.3亿 | $26.4亿 | +30.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $29.7亿 | $26.2亿 | +13.4% | $28.7亿 | $26.3亿 | +8.9% |
| Accounts Receivable, Allowance for Credit Loss, Current | $5800万 | $6290万 | -7.8% | $5200万 | $6100万 | -14.8% |
| Accounts Receivable, before Allowance for Credit Loss, Current | $13.4亿 | $11.2亿 | +19.5% | $11.7亿 | $11亿 | +6.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $2200万 | $2030万 | +8.4% | $3600万 | -$300万 | +1,300.0% |
| Additional Paid in Capital | $124亿 | $96.5亿 | +29.0% | $121亿 | $96.1亿 | +26.4% |
| Allowance for Funds Used During Construction, Capitalized Interest | – | – | – | $1.54亿 | $1.3亿 | +18.5% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | – | 0 | 0 | – |
| Asset Retirement Obligation | $37.1亿2025-12-31 | $36.1亿 | +2.8% | $37.1亿 | $36.1亿 | +2.8% |
| Asset Retirement Obligation, Accretion Expense | $4260万2025-12-31 | $4280万 | -0.5% | $1.7亿 | $1.4亿 | +21.4% |
| Asset Retirement Obligation, Liabilities Incurred | $2380万2025-12-31 | $600万 | +296.7% | $4500万 | $6.12亿 | -92.6% |
| Asset Retirement Obligation, Liabilities Settled | $3470万2025-12-31 | $2170万 | +59.9% | $1.03亿 | $1.02亿 | +1.0% |
| Asset Retirement Obligation, Revision of Estimate | -$4820万2025-12-31 | -$1.92亿 | +74.9% | -$1200万 | -$6900万 | +82.6% |
| Asset Retirement Obligations, Noncurrent | $36.1亿 | $35.5亿 | +1.6% | $35.6亿 | $35.3亿 | +0.7% |
| Assets | $1180亿 | $1040亿 | +12.8% | $1140亿 | $1030亿 | +11.0% |
| Assets, Current | $66.2亿 | $59.4亿 | +11.6% | $60.5亿 | $57.9亿 | +4.5% |
| Assets, Fair Value Disclosure | $55.3亿 | $51.1亿 | +8.2% | $58.2亿 | $51.5亿 | +13.0% |
| Cash and Cash Equivalents, at Carrying Value | $3.06亿 | $2.57亿 | +19.2% | $1.97亿 | $2.03亿 | -3.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $3.39亿 | $2.92亿 | +16.1% | $2.68亿 | $2.46亿 | +8.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | $7100万 | $4600万 | +54.3% | $2200万 | -$1.33亿 | +116.5% |
| Commercial Paper | $6.51亿 | $24.4亿 | -73.3% | $6.05亿 | $16.2亿 | -62.6% |
| Common Stock, Dividends, Per Share, Declared | $0.95 | $0.93 | +2.2% | $3.74 | $3.57 | +4.8% |
| Common Stock, Par or Stated Value Per Share | $6.50 | $6.50 | 0.0% | $6.50 | $6.50 | 0.0% |
| Common Stock, Shares Authorized | 6亿 | 6亿 | 0.0% | 6亿 | 6亿 | 0.0% |
| Common Stock, Shares, Issued | 5.45亿 | 5.35亿 | +1.9% | 5.42亿 | 5.34亿 | +1.5% |
| Common Stock, Value, Issued | $35.4亿 | $34.8亿 | +1.9% | $35.2亿 | $34.7亿 | +1.5% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $2900万 | $200万 | +1,350.0% | $1.16亿 | $900万 | +1,188.9% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $8.6亿 | $8.24亿 | +4.4% | $36.2亿 | $30.2亿 | +19.9% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $8.89亿 | $8.26亿 | +7.6% | $37.4亿 | $30.3亿 | +23.3% |
| Construction in Progress Expenditures Incurred but Not yet Paid | $14.3亿 | $10.4亿 | +37.8% | $19.4亿 | $13.1亿 | +47.5% |
| Construction in Progress, Gross | $83.1亿 | $68.4亿 | +21.6% | $76.4亿 | $63.5亿 | +20.3% |
| Contract with Customer, Liability, Current | $5.21亿 | $4.68亿 | +11.4% | $5.07亿 | $4.55亿 | +11.4% |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | $21.2亿 | $18.5亿 | +14.3% | $70.3亿 | $59.4亿 | +18.4% |
| Costs and Expenses | $46.6亿 | $41.8亿 | +11.5% | $166亿 | $154亿 | +7.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$2.09亿 | -$300万 | -6,866.7% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $2800万 | -$500万 | +660.0% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterest | $48亿 | $43.1亿 | +11.5% | $44亿2024-12-31 | $38.6亿 | +13.9% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $2.98亿 | -$5800万 | +613.8% |
| Deferred Income Tax Expense (Benefit) | $1.88亿 | $1.65亿 | +13.9% | $3.11亿 | $5800万 | +436.2% |
| Deferred Income Tax Liabilities, Net | $112亿 | $102亿 | +10.3% | $110亿 | $99.7亿 | +9.8% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $1200万 | $2700万 | -55.6% |
| Deferred Tax Assets, Gross | $27.9亿2025-12-31 | $26.5亿 | +5.1% | $27.9亿 | $26.5亿 | +5.1% |
| Deferred Tax Assets, Operating Loss Carryforwards | $1.55亿2025-12-31 | $1.1亿 | +40.9% | $1.55亿 | $1.1亿 | +40.9% |
| Deferred Tax Assets, Tax Credit Carryforwards, General Business | $1.48亿2025-12-31 | $1.98亿 | -25.3% | $1.48亿 | $1.98亿 | -25.3% |
| Deferred Tax Assets, Valuation Allowance | $4900万2025-12-31 | $3500万 | +40.0% | $4900万 | $3500万 | +40.0% |
| Deferred Tax Liabilities, Gross | $137亿2025-12-31 | $126亿 | +8.8% | $137亿 | $126亿 | +8.8% |
| Deferred Tax Liabilities, Investments | $3.06亿2025-12-31 | $3.02亿 | +1.3% | $3.06亿 | $3.02亿 | +1.3% |
| Deferred Tax Liabilities, Net | $110亿2025-12-31 | $99.7亿 | +9.8% | $110亿 | $99.7亿 | +9.8% |
| Defined Benefit Plan, Accumulated Benefit Obligation | $36亿2025-12-31 | $36.5亿 | -1.2% | $36亿 | $36.5亿 | -1.2% |
| Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year | 6.0%2025-12-31 | 6.5% | -7.7% | 6.0% | 6.5% | -7.7% |
| Defined Benefit Plan, Pension Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation | $4500万2025-12-31 | $4700万 | -4.3% | $4500万 | $4700万 | -4.3% |
| Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Accumulated Benefit Obligation | $8400万2025-12-31 | $2.06亿 | -59.2% | $8400万 | $2.06亿 | -59.2% |
| Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Plan Assets | $37.6亿2025-12-31 | $36.7亿 | +2.5% | $37.6亿 | $36.7亿 | +2.5% |
| Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation | $38.4亿2025-12-31 | $38.7亿 | -0.7% | $38.4亿 | $38.7亿 | -0.7% |
| Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Accumulated Benefit Obligation | $4500万2025-12-31 | $4700万 | -4.3% | $4500万 | $4700万 | -4.3% |
| Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Plan Assets | $02025-12-31 | $0 | – | $0 | $0 | – |
| Defined Benefit Plan, Ultimate Health Care Cost Trend Rate | 4.5%2025-12-31 | 4.5% | 0.0% | 4.5% | 4.5% | 0.0% |
| Defined Contribution Plan, Cost | – | – | – | $8400万 | $8200万 | +2.4% |
| Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement | $8000万 | $6820万 | +17.3% | $6600万 | $5600万 | +17.9% |
| Depreciation, Depletion and Amortization | – | – | – | $33.3亿 | $31.5亿 | +5.6% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-09