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Side-by-side financial comparison of Ameren (AEE) and Qnity Electronics, Inc. (Q). 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× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 14.2%, a 2.3% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -8.2%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $-54.0M).

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...

AEE vs Q — Head-to-Head

Bigger by revenue
AEE
AEE
1.4× larger
AEE
$1.8B
$1.3B
Q
Growing faster (revenue YoY)
Q
Q
+19.3% gap
Q
11.1%
-8.2%
AEE
Higher net margin
Q
Q
2.3% more per $
Q
16.5%
14.2%
AEE
More free cash flow
Q
Q
$622.0M more FCF
Q
$568.0M
$-54.0M
AEE

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AEE
AEE
Q
Q
Revenue
$1.8B
$1.3B
Net Profit
$253.0M
$211.0M
Gross Margin
45.1%
Operating Margin
20.2%
21.3%
Net Margin
14.2%
16.5%
Revenue YoY
-8.2%
11.1%
Net Profit YoY
21.6%
6.0%
EPS (diluted)
$0.92
$1.01

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.

Revenue
AEE
AEE
Q
Q
Q4 25
$1.8B
Q3 25
$2.7B
$1.3B
Q2 25
$2.2B
Q1 25
$2.1B
Q4 24
$1.9B
Q3 24
$2.2B
$1.1B
Q2 24
$1.7B
Q1 24
$1.8B
Net Profit
AEE
AEE
Q
Q
Q4 25
$253.0M
Q3 25
$641.0M
$211.0M
Q2 25
$277.0M
Q1 25
$290.0M
Q4 24
$208.0M
Q3 24
$457.0M
$199.0M
Q2 24
$260.0M
Q1 24
$262.0M
Gross Margin
AEE
AEE
Q
Q
Q4 25
Q3 25
45.1%
Q2 25
Q1 25
Q4 24
Q3 24
47.0%
Q2 24
Q1 24
Operating Margin
AEE
AEE
Q
Q
Q4 25
20.2%
Q3 25
30.6%
21.3%
Q2 25
18.5%
Q1 25
20.5%
Q4 24
10.2%
Q3 24
27.0%
21.8%
Q2 24
21.3%
Q1 24
20.4%
Net Margin
AEE
AEE
Q
Q
Q4 25
14.2%
Q3 25
23.7%
16.5%
Q2 25
12.5%
Q1 25
13.8%
Q4 24
10.7%
Q3 24
21.0%
17.3%
Q2 24
15.4%
Q1 24
14.4%
EPS (diluted)
AEE
AEE
Q
Q
Q4 25
$0.92
Q3 25
$2.35
$1.01
Q2 25
$1.01
Q1 25
$1.07
Q4 24
$0.77
Q3 24
$1.70
$0.95
Q2 24
$0.97
Q1 24
$0.98

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AEE
AEE
Q
Q
Cash + ST InvestmentsLiquidity on hand
$13.0M
$128.0M
Total DebtLower is stronger
$19.4B
$1.7B
Stockholders' EquityBook value
$13.4B
$9.1B
Total Assets
$48.5B
$12.5B
Debt / EquityLower = less leverage
1.45×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AEE
AEE
Q
Q
Q4 25
$13.0M
Q3 25
$9.0M
$128.0M
Q2 25
$11.0M
Q1 25
$23.0M
Q4 24
$7.0M
Q3 24
$17.0M
Q2 24
$19.0M
Q1 24
$85.0M
Total Debt
AEE
AEE
Q
Q
Q4 25
$19.4B
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
$17.8B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AEE
AEE
Q
Q
Q4 25
$13.4B
Q3 25
$12.8B
$9.1B
Q2 25
$12.3B
Q1 25
$12.2B
Q4 24
$12.1B
Q3 24
$11.8B
$11.1B
Q2 24
$11.5B
Q1 24
$11.4B
Total Assets
AEE
AEE
Q
Q
Q4 25
$48.5B
Q3 25
$47.4B
$12.5B
Q2 25
$46.6B
Q1 25
$45.7B
Q4 24
$44.6B
Q3 24
$43.3B
Q2 24
$42.3B
Q1 24
$41.3B
Debt / Equity
AEE
AEE
Q
Q
Q4 25
1.45×
Q3 25
0.19×
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
AEE
AEE
Q
Q
Operating Cash FlowLast quarter
$956.0M
$782.0M
Free Cash FlowOCF − Capex
$-54.0M
$568.0M
FCF MarginFCF / Revenue
-3.0%
44.5%
Capex IntensityCapex / Revenue
56.7%
16.8%
Cash ConversionOCF / Net Profit
3.78×
3.71×
TTM Free Cash FlowTrailing 4 quarters
$-775.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AEE
AEE
Q
Q
Q4 25
$956.0M
Q3 25
$1.1B
$782.0M
Q2 25
$862.0M
Q1 25
$431.0M
Q4 24
$817.0M
Q3 24
$897.0M
Q2 24
$557.0M
Q1 24
$492.0M
Free Cash Flow
AEE
AEE
Q
Q
Q4 25
$-54.0M
Q3 25
$116.0M
$568.0M
Q2 25
$-204.0M
Q1 25
$-633.0M
Q4 24
$-473.0M
Q3 24
$-240.0M
Q2 24
$-445.0M
Q1 24
$-398.0M
FCF Margin
AEE
AEE
Q
Q
Q4 25
-3.0%
Q3 25
4.3%
44.5%
Q2 25
-9.2%
Q1 25
-30.2%
Q4 24
-24.4%
Q3 24
-11.0%
Q2 24
-26.3%
Q1 24
-21.9%
Capex Intensity
AEE
AEE
Q
Q
Q4 25
56.7%
Q3 25
36.6%
16.8%
Q2 25
48.0%
Q1 25
50.7%
Q4 24
66.5%
Q3 24
52.3%
Q2 24
59.2%
Q1 24
49.0%
Cash Conversion
AEE
AEE
Q
Q
Q4 25
3.78×
Q3 25
1.72×
3.71×
Q2 25
3.11×
Q1 25
1.49×
Q4 24
3.93×
Q3 24
1.96×
Q2 24
2.14×
Q1 24
1.88×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AEE
AEE

Segment breakdown not available.

Q
Q

Semiconductor Technologies$693.0M54%
Interconnect Solutions$583.0M46%

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