AEP vs ETR: American Electric Power Co and Entergy compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- American Electric Power Co is the larger company, worth $65.4B, about 1.4 times Entergy.
- Entergy grew revenue faster over the last year (+12.0% vs +10.2%).
- American Electric Power Co keeps more of each dollar of revenue as operating profit (24.1% vs 23.1%).
- On earnings, American Electric Power Co is the cheaper stock (17.8x vs 25.8x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | AEP | ETR |
|---|---|---|
| Market cap | $65.4B | $46.3B |
| Share price | $122.81 | $102.80 |
| Revenue (last fiscal year) | $21.9B | $12.9B |
| Free cash flow (last fiscal year) | $3.5B | -$2.5B |
| Revenue growth, last year | +10.2% | +12.0% |
| Revenue growth per year, last 5 fiscal years | +6.8% | +2.5% |
| Operating margin | 24.1% | 23.1% |
| Net margin | 16.3% | 13.4% |
| Return on equity | 11.5% | 10.3% |
| P/E (trailing) | 17.8x | 25.8x |
| Price / free cash flow | 9.59x | — |
| EV / EBITDA | 13.0x | 12.4x |
| FCF growth the price implies | 4.1% | — |
| Dividend yield | 3.0% | 2.5% |
| Debt / equity | 2.66x | 3.36x |
| Fundamental grade | C | D |
| Superinvestors holding it | 6 | 0 |
| Insider purchases, last 12 months | 4 | 1 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
American Electric Power Co
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $16.8B | — | 20.3% |
| 2022 | $19.6B | — | 17.7% |
| 2023 | $19.0B | $4.9B | 18.7% |
| 2024 | $19.7B | $6.4B | 21.8% |
| 2025 | $21.9B | $3.5B | 24.3% |
Entergy
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $11.7B | $2.1B | 15.7% |
| 2022 | $13.8B | -$2.5B | 14.9% |
| 2023 | $12.1B | -$146M | 21.6% |
| 2024 | $11.9B | -$350M | 22.3% |
| 2025 | $12.9B | -$2.5B | 24.7% |
Where the revenue comes from
American Electric Power Co · by segments, 2025
VIU$12.8B54%
T&D$6.1B25%
G&M$2.7B11%
AEPTHCo$2.3B10%
Entergy · by segments, 2025
Utility$12.9B100%
Corporate Segment and Other Operating Segment$59M0%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open AEP in InvestinglyQuestions
Which is bigger, American Electric Power Co or Entergy?
American Electric Power Co (AEP), at $65.4B against $46.3B.
Is AEP or ETR cheaper?
By trailing P/E, American Electric Power Co (17.8x) is cheaper than Entergy (25.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, AEP or ETR?
Entergy: revenue grew +12.0% over the last year, against +10.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.