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Side-by-side financial comparison of Ameren (AEE) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
Ameren is the larger business by last-quarter revenue ($1.8B vs $1.3B, roughly 1.4× Graham Holdings Co). Ameren runs the higher net margin — 14.2% vs 8.7%, a 5.5% gap on every dollar of revenue. On growth, Graham Holdings Co posted the faster year-over-year revenue change (0.4% vs -8.2%). Graham Holdings Co produced more free cash flow last quarter ($5.0M vs $-54.0M). Over the past eight quarters, Graham Holdings Co's revenue compounded faster (4.2% CAGR vs -0.9%).
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. It primarily generates electricity through coal, nucle...
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
AEE vs GHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.3B |
| Net Profit | $253.0M | $108.7M |
| Gross Margin | — | — |
| Operating Margin | 20.2% | 3.8% |
| Net Margin | 14.2% | 8.7% |
| Revenue YoY | -8.2% | 0.4% |
| Net Profit YoY | 21.6% | -80.2% |
| EPS (diluted) | $0.92 | $24.76 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.8B | $1.2B |
| Q4 25 | $253.0M | $108.7M | ||
| Q3 25 | $641.0M | $122.9M | ||
| Q2 25 | $277.0M | $36.7M | ||
| Q1 25 | $290.0M | $23.9M | ||
| Q4 24 | $208.0M | $548.8M | ||
| Q3 24 | $457.0M | $72.5M | ||
| Q2 24 | $260.0M | $-21.0M | ||
| Q1 24 | $262.0M | $124.4M |
| Q4 25 | 20.2% | 3.8% | ||
| Q3 25 | 30.6% | 5.2% | ||
| Q2 25 | 18.5% | 6.0% | ||
| Q1 25 | 20.5% | 4.1% | ||
| Q4 24 | 10.2% | 5.8% | ||
| Q3 24 | 27.0% | 6.8% | ||
| Q2 24 | 21.3% | 2.2% | ||
| Q1 24 | 20.4% | 3.1% |
| Q4 25 | 14.2% | 8.7% | ||
| Q3 25 | 23.7% | 9.6% | ||
| Q2 25 | 12.5% | 3.0% | ||
| Q1 25 | 13.8% | 2.0% | ||
| Q4 24 | 10.7% | 44.1% | ||
| Q3 24 | 21.0% | 6.0% | ||
| Q2 24 | 15.4% | -1.8% | ||
| Q1 24 | 14.4% | 10.8% |
| Q4 25 | $0.92 | $24.76 | ||
| Q3 25 | $2.35 | $27.91 | ||
| Q2 25 | $1.01 | $8.35 | ||
| Q1 25 | $1.07 | $5.45 | ||
| Q4 24 | $0.77 | $124.05 | ||
| Q3 24 | $1.70 | $16.42 | ||
| Q2 24 | $0.97 | $-4.79 | ||
| Q1 24 | $0.98 | $27.72 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.0M | $267.0M |
| Total DebtLower is stronger | $19.4B | — |
| Stockholders' EquityBook value | $13.4B | $4.8B |
| Total Assets | $48.5B | $8.4B |
| Debt / EquityLower = less leverage | 1.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.0M | $267.0M | ||
| Q3 25 | $9.0M | $190.8M | ||
| Q2 25 | $11.0M | $176.2M | ||
| Q1 25 | $23.0M | $156.7M | ||
| Q4 24 | $7.0M | $260.9M | ||
| Q3 24 | $17.0M | $244.4M | ||
| Q2 24 | $19.0M | $140.7M | ||
| Q1 24 | $85.0M | $130.9M |
| Q4 25 | $19.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $13.4B | $4.8B | ||
| Q3 25 | $12.8B | $4.5B | ||
| Q2 25 | $12.3B | $4.4B | ||
| Q1 25 | $12.2B | $4.3B | ||
| Q4 24 | $12.1B | $4.3B | ||
| Q3 24 | $11.8B | $4.0B | ||
| Q2 24 | $11.5B | $4.0B | ||
| Q1 24 | $11.4B | $4.0B |
| Q4 25 | $48.5B | $8.4B | ||
| Q3 25 | $47.4B | $7.9B | ||
| Q2 25 | $46.6B | $7.6B | ||
| Q1 25 | $45.7B | $7.6B | ||
| Q4 24 | $44.6B | $7.7B | ||
| Q3 24 | $43.3B | $7.4B | ||
| Q2 24 | $42.3B | $7.2B | ||
| Q1 24 | $41.3B | $7.3B |
| Q4 25 | 1.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $956.0M | $28.3M |
| Free Cash FlowOCF − Capex | $-54.0M | $5.0M |
| FCF MarginFCF / Revenue | -3.0% | 0.4% |
| Capex IntensityCapex / Revenue | 56.7% | 1.9% |
| Cash ConversionOCF / Net Profit | 3.78× | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | $-775.0M | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $956.0M | $28.3M | ||
| Q3 25 | $1.1B | $178.1M | ||
| Q2 25 | $862.0M | $94.8M | ||
| Q1 25 | $431.0M | $46.0M | ||
| Q4 24 | $817.0M | $116.3M | ||
| Q3 24 | $897.0M | $237.6M | ||
| Q2 24 | $557.0M | $52.0M | ||
| Q1 24 | $492.0M | $1.1M |
| Q4 25 | $-54.0M | $5.0M | ||
| Q3 25 | $116.0M | $161.8M | ||
| Q2 25 | $-204.0M | $78.0M | ||
| Q1 25 | $-633.0M | $30.5M | ||
| Q4 24 | $-473.0M | $91.1M | ||
| Q3 24 | $-240.0M | $219.4M | ||
| Q2 24 | $-445.0M | $33.7M | ||
| Q1 24 | $-398.0M | $-20.2M |
| Q4 25 | -3.0% | 0.4% | ||
| Q3 25 | 4.3% | 12.6% | ||
| Q2 25 | -9.2% | 6.4% | ||
| Q1 25 | -30.2% | 2.6% | ||
| Q4 24 | -24.4% | 7.3% | ||
| Q3 24 | -11.0% | 18.2% | ||
| Q2 24 | -26.3% | 2.8% | ||
| Q1 24 | -21.9% | -1.8% |
| Q4 25 | 56.7% | 1.9% | ||
| Q3 25 | 36.6% | 1.3% | ||
| Q2 25 | 48.0% | 1.4% | ||
| Q1 25 | 50.7% | 1.3% | ||
| Q4 24 | 66.5% | 2.0% | ||
| Q3 24 | 52.3% | 1.5% | ||
| Q2 24 | 59.2% | 1.5% | ||
| Q1 24 | 49.0% | 1.8% |
| Q4 25 | 3.78× | 0.26× | ||
| Q3 25 | 1.72× | 1.45× | ||
| Q2 25 | 3.11× | 2.58× | ||
| Q1 25 | 1.49× | 1.93× | ||
| Q4 24 | 3.93× | 0.21× | ||
| Q3 24 | 1.96× | 3.28× | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 1.88× | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AEE
Segment breakdown not available.
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
