AEE vs. NGG: Ameren vs. National Grid Stock Comparison
How do Ameren (AEE) and National Grid (NGG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Ameren (AEE) and National Grid (NGG) are both classified in the Multi-Utilities sub-industry within the broader Multi-Utilities industry, placing them in the closest GICS peer bucket.
Ameren (AEE) trades as ordinary local shares, while National Grid (NGG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | AEE | NGG |
|---|---|---|
| Name | Ameren Corporation | National Grid plc Sponsored ADR |
| Country/Region | United States | United Kingdom |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Multi-Utilities | Multi-Utilities |
| GICS Sub-Industry | Multi-Utilities | Multi-Utilities |
| Market Capitalization | 31.24 billion USD | 83.60 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | January 2, 1998 | August 10, 2005 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AEE | NGG |
|---|---|---|
| Total Return (1Y) | 11.92% | 13.00% |
| Total Return (3Y, Annualized) | 17.94% | 19.82% |
| Total Return (5Y, Annualized) | 9.71% | 12.34% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AEE | NGG |
|---|---|---|
| Volatility (1Y, Annualized) | 17.76% | 22.32% |
| Beta (5Y) | 0.40 | 0.73 |
| Max Drawdown (5Y) | -27.46% | -39.20% |
| Avg. Volume (3M) | 1.74M | 911.70K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AEE | NGG |
|---|---|---|
| Sharpe Ratio (1Y) | 0.43 | 0.39 |
| Sortino Ratio (1Y) | 0.62 | 0.54 |
Profitability
ROE (TTM)
Both Ameren (AEE) at 11.78% and National Grid (NGG) at 10.31% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
AEE
Utilities industry group
11.78%
- Max
- 17.99%
- Q3
- 12.01%
- AEE
- 11.78%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
NGG
Utilities industry group
10.31%
- Max
- 17.99%
- Q3
- 12.01%
- NGG
- 10.31%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
Net Margin (TTM)
For every dollar of sales, both Ameren (AEE) at 18.59% and National Grid (NGG) at 21.15% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
AEE
Utilities industry group
18.59%
- Max
- 28.78%
- AEE
- 18.59%
- Q3
- 17.30%
- Median
- 12.73%
- Q1
- 9.18%
- Min
- -0.20%
NGG
Utilities industry group
21.15%
- Max
- 28.78%
- NGG
- 21.15%
- Q3
- 17.30%
- Median
- 12.73%
- Q1
- 9.18%
- Min
- -0.20%
Operating Margin (TTM)
Ameren (AEE) at 31.23% operates in the top operating margin quartile, ahead of National Grid (NGG) at 28.64%, which runs around its industry’s norm.
AEE
Utilities industry group
31.23%
- Max
- 53.83%
- AEE
- 31.23%
- Q3
- 31.12%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
NGG
Utilities industry group
28.64%
- Max
- 53.83%
- Q3
- 31.12%
- NGG
- 28.64%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
Profitability Metrics
| Metric | AEE | NGG |
|---|---|---|
| ROE (TTM) | 11.78% | 10.31% |
| ROA (TTM) | 3.12% | 3.33% |
| Net Margin (TTM) | 18.59% | 21.15% |
| Operating Margin (TTM) | 31.23% | 28.64% |
| Gross Margin (TTM) | 52.47% | 100.00% |
Growth
Revenue Growth
Ameren (AEE) at 15.43% sits in the top revenue growth quartile, while National Grid (NGG) at -3.76% is in the bottom quartile, showing a clear gap in revenue momentum.
EPS Growth
Only one side can be read here: Ameren (AEE) reports EPS growth of 21.04%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.
Growth Metrics
| Metric | AEE | NGG |
|---|---|---|
| Revenue Growth (YoY) | 15.43% | -3.76% |
| Revenue Growth (3Y CAGR) | 3.41% | -6.53% |
| EPS Growth (YoY) | 21.04% | -- |
| EPS Growth (3Y CAGR) | 8.92% | -30.59% |
Financial Strength
Current Ratio (MRQ)
Ameren (AEE) at 0.74 keeps current ratio within its industry’s typical mid-range, while National Grid (NGG) at 0.62 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NGG.
AEE
Utilities industry group
0.74
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- AEE
- 0.74
- Q1
- 0.66
- Min
- 0.29
NGG
Utilities industry group
0.62
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- NGG
- 0.62
- Min
- 0.29
Debt / Equity (MRQ)
Both Ameren (AEE) at 1.57 and National Grid (NGG) at 1.32 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
AEE
Utilities industry group
1.57
- Max
- 2.63
- Q3
- 1.77
- AEE
- 1.57
- Median
- 1.35
- Q1
- 0.84
- Min
- 0.00
NGG
Utilities industry group
1.32
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- NGG
- 1.32
- Q1
- 0.84
- Min
- 0.00
Financial Strength Metrics
| Metric | AEE | NGG |
|---|---|---|
| Current Ratio (MRQ) | 0.74 | 0.62 |
| Debt / Equity (MRQ) | 1.57 | 1.32 |
| Net Debt / EBITDA | 5.55 | 6.32 |
Dividends
Dividend Yield (TTM)
Both Ameren (AEE) at 0.63% and National Grid (NGG) at 0.57% offer bottom-quartile dividend income relative to share price versus industry peers.
AEE
Utilities industry group
0.63%
- Max
- 6.66%
- Q3
- 3.58%
- Median
- 2.85%
- Q1
- 0.66%
- AEE
- 0.63%
- Min
- 0.00%
NGG
Utilities industry group
0.57%
- Max
- 6.66%
- Q3
- 3.58%
- Median
- 2.85%
- Q1
- 0.66%
- NGG
- 0.57%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Ameren (AEE) at 51.48% pays out a band-typical share of earnings, while National Grid (NGG) at 71.97% distributes more than its industry norm — less retained, thinner cover.
AEE
Utilities industry group
51.48%
- Max
- 113.04%
- Q3
- 68.72%
- Median
- 56.38%
- AEE
- 51.48%
- Q1
- 32.38%
- Min
- 0.00%
NGG
Utilities industry group
71.97%
- Max
- 113.04%
- NGG
- 71.97%
- Q3
- 68.72%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
Dividend Metrics
| Metric | AEE | NGG |
|---|---|---|
| Dividend Yield (TTM) | 0.63% | 0.57% |
| Dividend Payout Ratio (TTM) | 51.48% | 71.97% |
Valuation
P/E Ratio (TTM)
Both Ameren (AEE) at 19.63 and National Grid (NGG) at 15.54 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
AEE
Utilities industry group
19.63
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- AEE
- 19.63
- Q1
- 15.17
- Min
- 3.34
NGG
Utilities industry group
15.54
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- NGG
- 15.54
- Q1
- 15.17
- Min
- 3.34
P/S Ratio (TTM)
Both Ameren (AEE) at 3.63 and National Grid (NGG) at 4.46 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
AEE
Utilities industry group
3.63
- Max
- 6.35
- AEE
- 3.63
- Q3
- 3.63
- Median
- 2.63
- Q1
- 1.52
- Min
- 0.00
NGG
Utilities industry group
4.46
- Max
- 6.35
- NGG
- 4.46
- Q3
- 3.63
- Median
- 2.63
- Q1
- 1.52
- Min
- 0.00
P/B Ratio (MRQ)
Ameren (AEE) at 2.20 sits near its industry’s typical P/B ratio, while National Grid (NGG) at 9.36 prices above its benchmark range — NGG looks rich relative to book.
AEE
Utilities industry group
2.20
- Max
- 3.12
- Q3
- 2.21
- AEE
- 2.20
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
NGG
Utilities industry group
9.36
- NGG
- 9.36
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
Valuation Metrics
| Metric | AEE | NGG |
|---|---|---|
| P/E Ratio (TTM) | 19.63 | 15.54 |
| P/S Ratio (TTM) | 3.63 | 4.46 |
| P/B Ratio (MRQ) | 2.20 | 9.36 |
| Free Cash Flow Yield (TTM) | -8.06% | -5.94% |