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Side-by-side financial comparison of Ameren (AEE) and STIFEL FINANCIAL CORP (SF). Click either name above to swap in a different company.

Ameren is the larger business by last-quarter revenue ($1.8B vs $1.1B, roughly 1.6× STIFEL FINANCIAL CORP). STIFEL FINANCIAL CORP runs the higher net margin — 23.5% vs 14.2%, a 9.3% gap on every dollar of revenue. On growth, STIFEL FINANCIAL CORP posted the faster year-over-year revenue change (23.0% vs -8.2%). STIFEL FINANCIAL CORP produced more free cash flow last quarter ($369.0M vs $-54.0M). Over the past eight quarters, STIFEL FINANCIAL CORP's revenue compounded faster (21.1% 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...

Stifel Financial Corp. is an American multinational independent investment bank and financial services company created under the Stifel name in July 1983 and listed on the New York Stock Exchange on November 24, 1986. Its predecessor company was founded in 1890 as the Altheimer and Rawlings Investment Company and is headquartered in downtown St. Louis, Missouri.

AEE vs SF — Head-to-Head

Bigger by revenue
AEE
AEE
1.6× larger
AEE
$1.8B
$1.1B
SF
Growing faster (revenue YoY)
SF
SF
+31.2% gap
SF
23.0%
-8.2%
AEE
Higher net margin
SF
SF
9.3% more per $
SF
23.5%
14.2%
AEE
More free cash flow
SF
SF
$423.0M more FCF
SF
$369.0M
$-54.0M
AEE
Faster 2-yr revenue CAGR
SF
SF
Annualised
SF
21.1%
-0.9%
AEE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AEE
AEE
SF
SF
Revenue
$1.8B
$1.1B
Net Profit
$253.0M
$264.4M
Gross Margin
Operating Margin
20.2%
27.3%
Net Margin
14.2%
23.5%
Revenue YoY
-8.2%
23.0%
Net Profit YoY
21.6%
8.3%
EPS (diluted)
$0.92
$2.30

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
SF
SF
Q4 25
$1.8B
$1.1B
Q3 25
$2.7B
$962.6M
Q2 25
$2.2B
$838.9M
Q1 25
$2.1B
$842.5M
Q4 24
$1.9B
$916.0M
Q3 24
$2.2B
$810.9M
Q2 24
$1.7B
$798.9M
Q1 24
$1.8B
$768.1M
Net Profit
AEE
AEE
SF
SF
Q4 25
$253.0M
$264.4M
Q3 25
$641.0M
$211.4M
Q2 25
$277.0M
$155.1M
Q1 25
$290.0M
$53.0M
Q4 24
$208.0M
$244.0M
Q3 24
$457.0M
$158.5M
Q2 24
$260.0M
$165.3M
Q1 24
$262.0M
$163.6M
Operating Margin
AEE
AEE
SF
SF
Q4 25
20.2%
27.3%
Q3 25
30.6%
29.7%
Q2 25
18.5%
25.5%
Q1 25
20.5%
7.5%
Q4 24
10.2%
29.1%
Q3 24
27.0%
26.7%
Q2 24
21.3%
28.4%
Q1 24
20.4%
28.5%
Net Margin
AEE
AEE
SF
SF
Q4 25
14.2%
23.5%
Q3 25
23.7%
22.0%
Q2 25
12.5%
18.5%
Q1 25
13.8%
6.3%
Q4 24
10.7%
26.6%
Q3 24
21.0%
19.5%
Q2 24
15.4%
20.7%
Q1 24
14.4%
21.3%
EPS (diluted)
AEE
AEE
SF
SF
Q4 25
$0.92
$2.30
Q3 25
$2.35
$1.84
Q2 25
$1.01
$1.34
Q1 25
$1.07
$0.39
Q4 24
$0.77
$2.10
Q3 24
$1.70
$1.34
Q2 24
$0.97
$1.41
Q1 24
$0.98
$1.40

Balance Sheet & Financial Strength

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

Metric
AEE
AEE
SF
SF
Cash + ST InvestmentsLiquidity on hand
$13.0M
$2.3B
Total DebtLower is stronger
$19.4B
$617.4M
Stockholders' EquityBook value
$13.4B
$6.0B
Total Assets
$48.5B
$41.3B
Debt / EquityLower = less leverage
1.45×
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AEE
AEE
SF
SF
Q4 25
$13.0M
$2.3B
Q3 25
$9.0M
$3.2B
Q2 25
$11.0M
$1.9B
Q1 25
$23.0M
$2.7B
Q4 24
$7.0M
$2.6B
Q3 24
$17.0M
$1.9B
Q2 24
$19.0M
$2.6B
Q1 24
$85.0M
$3.4B
Total Debt
AEE
AEE
SF
SF
Q4 25
$19.4B
$617.4M
Q3 25
$617.2M
Q2 25
$617.0M
Q1 25
$616.8M
Q4 24
$17.8B
$616.6M
Q3 24
$616.4M
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
AEE
AEE
SF
SF
Q4 25
$13.4B
$6.0B
Q3 25
$12.8B
$5.8B
Q2 25
$12.3B
$5.6B
Q1 25
$12.2B
$5.5B
Q4 24
$12.1B
$5.7B
Q3 24
$11.8B
$5.6B
Q2 24
$11.5B
$5.4B
Q1 24
$11.4B
$5.3B
Total Assets
AEE
AEE
SF
SF
Q4 25
$48.5B
$41.3B
Q3 25
$47.4B
$41.7B
Q2 25
$46.6B
$39.9B
Q1 25
$45.7B
$40.4B
Q4 24
$44.6B
$39.9B
Q3 24
$43.3B
$38.9B
Q2 24
$42.3B
$37.8B
Q1 24
$41.3B
$38.3B
Debt / Equity
AEE
AEE
SF
SF
Q4 25
1.45×
0.10×
Q3 25
0.11×
Q2 25
0.11×
Q1 25
0.11×
Q4 24
1.47×
0.11×
Q3 24
0.11×
Q2 24
0.21×
Q1 24
0.21×

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
SF
SF
Operating Cash FlowLast quarter
$956.0M
$382.4M
Free Cash FlowOCF − Capex
$-54.0M
$369.0M
FCF MarginFCF / Revenue
-3.0%
32.7%
Capex IntensityCapex / Revenue
56.7%
1.2%
Cash ConversionOCF / Net Profit
3.78×
1.45×
TTM Free Cash FlowTrailing 4 quarters
$-775.0M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AEE
AEE
SF
SF
Q4 25
$956.0M
$382.4M
Q3 25
$1.1B
$338.3M
Q2 25
$862.0M
$607.5M
Q1 25
$431.0M
$-211.2M
Q4 24
$817.0M
$694.6M
Q3 24
$897.0M
$198.3M
Q2 24
$557.0M
$207.2M
Q1 24
$492.0M
$-609.7M
Free Cash Flow
AEE
AEE
SF
SF
Q4 25
$-54.0M
$369.0M
Q3 25
$116.0M
$321.1M
Q2 25
$-204.0M
$592.7M
Q1 25
$-633.0M
$-227.8M
Q4 24
$-473.0M
$677.2M
Q3 24
$-240.0M
$185.6M
Q2 24
$-445.0M
$173.3M
Q1 24
$-398.0M
$-619.4M
FCF Margin
AEE
AEE
SF
SF
Q4 25
-3.0%
32.7%
Q3 25
4.3%
33.4%
Q2 25
-9.2%
70.6%
Q1 25
-30.2%
-27.0%
Q4 24
-24.4%
73.9%
Q3 24
-11.0%
22.9%
Q2 24
-26.3%
21.7%
Q1 24
-21.9%
-80.6%
Capex Intensity
AEE
AEE
SF
SF
Q4 25
56.7%
1.2%
Q3 25
36.6%
1.8%
Q2 25
48.0%
1.8%
Q1 25
50.7%
2.0%
Q4 24
66.5%
1.9%
Q3 24
52.3%
1.6%
Q2 24
59.2%
4.2%
Q1 24
49.0%
1.3%
Cash Conversion
AEE
AEE
SF
SF
Q4 25
3.78×
1.45×
Q3 25
1.72×
1.60×
Q2 25
3.11×
3.92×
Q1 25
1.49×
-3.99×
Q4 24
3.93×
2.85×
Q3 24
1.96×
1.25×
Q2 24
2.14×
1.25×
Q1 24
1.88×
-3.73×

Financial Flow Comparison

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

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