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Ameren vs Evergy: AEE and EVRG compared
Ameren is the larger company: $2.9B of revenue in its latest quarter (Q3 2026) against $2.1B for Evergy (Q3 2026). Evergy is growing faster (+16% against +7% a year earlier). Evergy is more profitable, with an operating margin of 38.6% against 31.2%.
Where the money goes: AEE and EVRG
Ameren (AEE) · Q3 2026
Ameren, Q3 2026: revenue $2.9B (+7% year over year), operating margin 31.2%, net earnings $677M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
Evergy (EVRG) · Q3 2026
Evergy, Q3 2026: revenue $2.1B (+16% year over year), operating margin 38.6%, net earnings $613M, operating cash flow $988M. The chart follows the revenue to costs, profit and cash.
| Ameren (AEE) | Evergy (EVRG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.9B | $2.1B |
| Revenue growth, Y/Y | +7% | +16% |
| Operating margin | 31.2% | 38.6% |
| Net earnings | $677M | $613M |
| Net margin | 23.5% | 29.2% |
| Operating cash flow | $1.0B | $988M |
| Free cash flow | — | $85.3M |
| Market value | $31.5B | $20.5B |
| P/E | 19.6× | 23.1× |
| Analysts’ mean target | $116.28 | $91.50 |
Where the revenue comes from
Ameren
- Electric: $2.7B (94%)
- Natural gas: $160M (6%)
Questions
Which is bigger, Ameren or Evergy?
Ameren is the larger company: $2.9B of revenue in its latest quarter (Q3 2026) against $2.1B for Evergy (Q3 2026).
Is Ameren or Evergy growing faster?
Evergy is growing faster (+16% against +7% a year earlier).
Which is more profitable, Ameren or Evergy?
Evergy is more profitable, with an operating margin of 38.6% against 31.2%.
More: Ameren earnings · how Ameren makes money · Evergy earnings · how Evergy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.