AEP vs. AES: American Electric Power vs. AES Stock Comparison
How do American Electric Power (AEP) and AES (AES) 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
American Electric Power (AEP) and AES (AES) both fall under the Utilities industry group, but AEP is classified in Electric Utilities while AES is classified in Independent Power and Renewable Electricity Producers.
| Profile Item | AEP | AES |
|---|---|---|
| Name | American Electric Power Company, Inc. | The AES Corporation |
| Country/Region | United States | United States |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Electric Utilities | Independent Power and Renewable Electricity Producers |
| GICS Sub-Industry | Electric Utilities | Independent Power Producers & Energy Traders |
| Market Capitalization | 68.90 billion USD | 10.61 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | January 2, 1962 | June 26, 1991 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AEP | AES |
|---|---|---|
| Total Return (1Y) | 8.60% | 10.79% |
| Total Return (3Y, Annualized) | 22.18% | 3.44% |
| Total Return (5Y, Annualized) | 12.81% | -5.12% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AEP | AES |
|---|---|---|
| Volatility (1Y, Annualized) | 18.45% | 25.19% |
| Beta (5Y) | 0.46 | 0.93 |
| Max Drawdown (5Y) | -29.56% | -63.43% |
| Avg. Volume (3M) | 3.64M | 8.50M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AEP | AES |
|---|---|---|
| Sharpe Ratio (1Y) | 0.23 | 0.26 |
| Sortino Ratio (1Y) | 0.33 | 0.33 |
Profitability
ROE (TTM)
Both American Electric Power (AEP) at 10.60% and AES (AES) at 8.68% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
AEP
Utilities industry group
10.60%
- Max
- 17.99%
- Q3
- 12.01%
- AEP
- 10.60%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
AES
Utilities industry group
8.68%
- Max
- 17.99%
- Q3
- 12.01%
- Median
- 9.44%
- AES
- 8.68%
- Q1
- 7.56%
- Min
- 2.17%
Net Margin (TTM)
Both American Electric Power (AEP) at 14.21% and AES (AES) at 13.16% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
AEP
Utilities industry group
14.21%
- Max
- 28.78%
- Q3
- 17.30%
- AEP
- 14.21%
- Median
- 12.73%
- Q1
- 9.18%
- Min
- -0.20%
AES
Utilities industry group
13.16%
- Max
- 28.78%
- Q3
- 17.30%
- AES
- 13.16%
- Median
- 12.73%
- Q1
- 9.18%
- Min
- -0.20%
Operating Margin (TTM)
Both American Electric Power (AEP) at 26.89% and AES (AES) at 23.89% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
AEP
Utilities industry group
26.89%
- Max
- 53.83%
- Q3
- 31.12%
- AEP
- 26.89%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
AES
Utilities industry group
23.89%
- Max
- 53.83%
- Q3
- 31.12%
- AES
- 23.89%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
Profitability Metrics
| Metric | AEP | AES |
|---|---|---|
| ROE (TTM) | 10.60% | 8.68% |
| ROA (TTM) | 3.04% | 3.13% |
| Net Margin (TTM) | 14.21% | 13.16% |
| Operating Margin (TTM) | 26.89% | 23.89% |
| Gross Margin (TTM) | 46.62% | 21.34% |
Growth
Revenue Growth
American Electric Power (AEP) at 10.93% is around its peer norm for revenue growth, while AES (AES) at -0.37% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
American Electric Power (AEP) at 19.35% is around its peer norm for EPS growth, while AES (AES) at -46.61% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | AEP | AES |
|---|---|---|
| Revenue Growth (YoY) | 10.93% | -0.37% |
| Revenue Growth (3Y CAGR) | 3.66% | -1.03% |
| EPS Growth (YoY) | 19.35% | -46.61% |
| EPS Growth (3Y CAGR) | 14.04% | -- |
Financial Strength
Current Ratio (MRQ)
AES (AES) at 0.86 keeps current ratio within its industry’s typical mid-range, while American Electric Power (AEP) at 0.51 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for AEP.
AEP
Utilities industry group
0.51
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- AEP
- 0.51
- Min
- 0.29
AES
Utilities industry group
0.86
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- AES
- 0.86
- Q1
- 0.66
- Min
- 0.29
Debt / Equity (MRQ)
American Electric Power (AEP) at 1.62 carries an industry-typical debt-to-equity mix, while AES (AES) at 2.43 uses more debt funding than most peers.
AEP
Utilities industry group
1.62
- Max
- 2.63
- Q3
- 1.77
- AEP
- 1.62
- Median
- 1.35
- Q1
- 0.84
- Min
- 0.00
AES
Utilities industry group
2.43
- Max
- 2.63
- AES
- 2.43
- Q3
- 1.77
- Median
- 1.35
- Q1
- 0.84
- Min
- 0.00
Financial Strength Metrics
| Metric | AEP | AES |
|---|---|---|
| Current Ratio (MRQ) | 0.51 | 0.86 |
| Debt / Equity (MRQ) | 1.62 | 2.43 |
| Net Debt / EBITDA | 5.76 | 7.28 |
Dividends
Dividend Yield (TTM)
AES (AES) at 4.73% delivers top-quartile income for its industry, while American Electric Power (AEP) at 3.00% pays a more typical yield — both are credible income propositions, AES the richer one.
AEP
Utilities industry group
3.00%
- Max
- 6.66%
- Q3
- 3.58%
- AEP
- 3.00%
- Median
- 2.85%
- Q1
- 0.66%
- Min
- 0.00%
AES
Utilities industry group
4.73%
- Max
- 6.66%
- AES
- 4.73%
- Q3
- 3.58%
- Median
- 2.85%
- Q1
- 0.66%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
American Electric Power (AEP) at 62.09% keeps its payout within the industry’s typical band; AES (AES) at 28.27% pays out less than peers usually do, retaining more of its earnings — a policy difference more than a quality gap.
AEP
Utilities industry group
62.09%
- Max
- 113.04%
- Q3
- 68.72%
- AEP
- 62.09%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
AES
Utilities industry group
28.27%
- Max
- 113.04%
- Q3
- 68.72%
- Median
- 56.38%
- Q1
- 32.38%
- AES
- 28.27%
- Min
- 0.00%
Dividend Metrics
| Metric | AEP | AES |
|---|---|---|
| Dividend Yield (TTM) | 3.00% | 4.73% |
| Dividend Payout Ratio (TTM) | 62.09% | 28.27% |
Valuation
P/E Ratio (TTM)
AES (AES) at 5.97 sits in the cheaper P/E ratio quartile, while American Electric Power (AEP) at 20.67 is closer to its industry’s usual earnings multiple — a discount for AES, though growth and earnings durability still matter.
AEP
Utilities industry group
20.67
- Max
- 31.22
- Q3
- 23.30
- AEP
- 20.67
- Median
- 19.64
- Q1
- 15.17
- Min
- 3.34
AES
Utilities industry group
5.97
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- Q1
- 15.17
- AES
- 5.97
- Min
- 3.34
P/S Ratio (TTM)
AES (AES) at 0.78 sits in the cheaper P/S ratio quartile while American Electric Power (AEP) at 2.92 prices around its industry’s middle — AES costs less per dollar of sales, though read it alongside growth and margins.
AEP
Utilities industry group
2.92
- Max
- 6.35
- Q3
- 3.63
- AEP
- 2.92
- Median
- 2.63
- Q1
- 1.52
- Min
- 0.00
AES
Utilities industry group
0.78
- Max
- 6.35
- Q3
- 3.63
- Median
- 2.63
- Q1
- 1.52
- AES
- 0.78
- Min
- 0.00
P/B Ratio (MRQ)
On P/B ratio, both American Electric Power (AEP) at 2.10 and AES (AES) at 1.86 are valued close to their industries’ norm against book — neither stands out from peers.
AEP
Utilities industry group
2.10
- Max
- 3.12
- Q3
- 2.21
- AEP
- 2.10
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
AES
Utilities industry group
1.86
- Max
- 3.12
- Q3
- 2.21
- AES
- 1.86
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
Valuation Metrics
| Metric | AEP | AES |
|---|---|---|
| P/E Ratio (TTM) | 20.67 | 5.97 |
| P/S Ratio (TTM) | 2.92 | 0.78 |
| P/B Ratio (MRQ) | 2.10 | 1.86 |
| Free Cash Flow Yield (TTM) | -11.28% | -30.54% |