American Electric Power Co Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of American Electric Power Co Inc (AEP) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: American Electric Power Co Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 22,433M vs 527,006M combined for its competitors (4.1% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+7.3% annualized vs trailing 12 months), vs accelerating (+13.3%) for its tracked peer group.
- Growth: American Electric Power Co Inc generated 10.2% revenue growth year over year in Q1 2026, vs 15.9% for its competitors combined.
- Profitability: Its 15.0% net margin compares with 13.9% for the peer group.
- Scale: American Electric Power Co Inc ranks #5 of 74 companies by market capitalization in the Electric Utilities industry, holding 4.8% of industry market cap.
- Peer revenue share: American Electric Power Co Inc accounted for 3.9% of combined revenue among its tracked peer group, down from 4.1% a year earlier.
- Peer differentiation: Revenue per employee of $1.28M compares with $1.08M for the peer group (1.2x).
- Structure: American Electric Power Co Inc operates in the following segments: Vertically Integrated Utilities, Transmission and Distribution Companies, Generation and Marketing, Transmission Operations, AEP Transmission Holdco, Corporate and Unallocated; and reports the following subsidiaries: AEP Texas Central Transition Funding III LLC, AEP Texas Inc., AEP Texas Restoration Funding LLC, AEP Transmission Company, LLC, Appalachian Consumer Rate Relief Funding LLC, APPALACHIAN POWER CO, INDIANA MICHIGAN POWER CO, Kentucky Power Cost Recovery LLC, OHIO POWER CO, PUBLIC SERVICE CO OF OKLAHOMA, SOUTHWESTERN ELECTRIC POWER CO, SWEPCO Storm Recovery Funding LLC.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
AEP Sales vs. its Competitors, Q1 2026
American Electric Power Co Inc reported revenue growth of 10.19 % year on year in Q1 2026, below its competitors' combined revenue growth of 15.86 %.
With a net margin of 15.00 %, American Electric Power Co Inc achieved higher profitability than its competitors (13.91 %).
American Electric Power Co Inc generated 3.88 % of the combined sales of its peer group, down from 4.07 % a year earlier.
American Electric Power Co Inc vs. its Competitors, Q1 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in American Electric Power Co Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across American Electric Power Co Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| American Electric Power Co Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (2) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across American Electric Power Co Inc's competitor groups requires a Commercial License.
For context: the Electric Utilities industry grew revenue 1,586.2% year over year, combined, vs 10.2% for American Electric Power Co Inc. American Electric Power Co Inc's share of combined industry revenue moved from 1.80% to 0.12%, a loss of 1.69 percentage points.
American Electric Power Co Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| American Electric Power Co Inc | Yes | Yes | Yes | No |
| Competitors combined (33) | ||||
| High-Confidence Competitors (3) | ||||
| Similar-Size Competitors (9) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AEP Stock Performance relative to its Competitors
AEP Stock Performance relative to High-Confidence Competitors
AEP Stock Performance relative to Similar-Size Competitors
AEP Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Csx Corporation | 282.9% | Outperformed |
| 2 | Union Pacific Corp | 282.9% | Outperformed |
| 3 | Sunoco Lp | 282.9% | Outperformed |
| 4 | Consolidated Edison Inc | 282.9% | Outperformed |
| 5 | Norfolk Southern Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for American Electric Power Co Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
American Electric Power Co Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of American Electric Power Co Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 American Electric Power Co Inc |
69,350.05 | 22,432.60 |
 Union Pacific Corp |
177,131.28 | 26,516.00 |
 The Southern Company |
105,287.52 | 30,174.00 |
 Duke Energy Corporation |
101,332.32 | 33,166.00 |
 Csx Corporation |
94,187.99 | 14,942.00 |
 Constellation Energy Corporation |
84,836.10 | 29,867.00 |
| SUBTOTAL | 1,542,860.33 | 565,213.58 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on American Electric Power Co Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
American Electric Power Co Inc's Competitors Named by the Company
Competitive relationships identified from American Electric Power Co Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Controladora Vuela Compania De Aviacion S a b De C v | Company report | 85% |
| AEGCo | Company report | 85% |
| AGR | Company report | 85% |
| American Airlines Group Inc | Company report | 85% |
| Clean Energy Technologies Inc | Company report | 85% |
| Evergy Inc | Company report | 85% |
| Constellation Energy Corporation | Company report | 85% |
| Ameren Corporation | Company report | 85% |
| The Aes Corporation | Company report | 85% |
| Exelon Corporation | Company report | 85% |
| Xcel Energy Inc | Company report | 85% |
| Firstenergy Corp | Company report | 85% |
| Nisource Inc | Company report | 85% |
| Nrg Energy Inc | Company report | 85% |
| Ppl Corporation | Company report | 85% |
| Dte Energy Co | Company report | 85% |
| Nextera Energy Inc | Company report | 85% |
| The Southern Company | Company report | 85% |
| Edison International | Company report | 85% |
| Cms energy Corporation | Company report | 85% |
| Mdu Resources Group Inc | Company report | 85% |
| Eversource Energy | Company report | 85% |
| Wec Energy Group Inc | Company report | 85% |
| Pg and e Corp | Company report | 85% |
| Dominion Energy Inc | Company report | 85% |
| Sempra | Company report | 85% |
| Entergy Corporation | Company report | 85% |
| Public Service Enterprise Group Incorporated | Company report | 85% |
| Duke Energy Corporation | Company report | 85% |
| Centerpoint Energy Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for American Electric Power Co Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
American Electric Power Co Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| American Electric Power Co Inc | Vertically Integrated Utilities 57.14 % |
| Union Pacific Corp | Reportable 99.00 % |
| Csx Corporation | Rail 94.35 % |
| Williams companies inc | Transmission, Power & Gulf 47.62 % |
| Norfolk Southern Corp | Railway Operating Revenues Market Group Merchandise 62.05 % |
| Entergy Corporation | Utility 99.46 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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American Electric Power Co Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| American Electric Power Co Inc | 69,350 | 1,275,957 | 215,960 |
| Union Pacific Corp | 177,131 | 905,385 | 260,115 |
| The Southern Company | 105,288 | 1,012,550 | 142,248 |
| Duke Energy Corporation | 101,332 | 1,254,340 | 198,328 |
| Csx Corporation | 94,188 | 649,652 | 155,696 |
| Constellation Energy Corporation | 84,836 | 1,947,128 | 247,539 |
| PEERS TOTAL | 1,473,510 | 1,075,964 | 146,331 |
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American Electric Power Co Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 65 companies in American Electric Power Co Inc's industry classification, broader than the peer set above. Market cap in millions of $.American Electric Power Co Inc ranks #5 of 65 companies by market capitalization in its industry, holding 4.77 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 461, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Nextera Energy Inc | 184,654 | 12.69 % |
| 2 | The Southern Company | 105,288 | 7.24 % |
| 3 | Duke Energy Corporation | 101,332 | 6.97 % |
| 4 | Constellation Energy Corporation | 84,836 | 5.83 % |
| 5 | American Electric Power Co Inc | 69,350 | 4.77 % |
| 6 | Dominion Energy Inc | 1,234 | 5.2% |
| 7 | Sempra | 1,234 | 5.2% |
| 8 | Entergy Corporation | 1,234 | 5.2% |
| 9 | Xcel Energy Inc | 1,234 | 5.2% |
| 10 | Exelon Corporation | 1,234 | 5.2% |
Market cap and industry share for the rest of American Electric Power Co Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-05.
American Electric Power Co Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Nextera Energy Inc | 184,654 | 9.82 % |
| 2 | The Southern Company | 105,288 | 1.80 % |
| 3 | Duke Energy Corporation | 101,332 | 6.42 % |
| 4 | Constellation Energy Corporation | 84,836 | -33.98 % |
| 5 | American Electric Power Co Inc | 69,350 | 8.18 % |
| 6 | Dominion Energy Inc | 1,234 | 12.3% |
| 7 | Sempra | 1,234 | 12.3% |
| 8 | Entergy Corporation | 1,234 | 12.3% |
| 9 | Xcel Energy Inc | 1,234 | 12.3% |
| 10 | Exelon Corporation | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of American Electric Power Co Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-05. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
American Electric Power Co Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Electric Utilities industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (104 companies). See the full Electric Utilities industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 67.48 % | 42.57 % (avg) | +24.9 pp |
| Operating Margin | 24.05 % | industry median | +7.4 pp |
| EBITDA Margin | 35.93 % | 27.18 % (avg) | +8.7 pp |
| Capital Intensity (Capex / Revenue) | 69.99 % | 32.49 % (avg) | +37.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
American Electric Power Co Inc's Valuation vs Competitive Position
Valuation multiples vs the Electric Utilities industry average (104 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Electric Utilities industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 18.5x | 23.8x | -5.3x |
| EV / EBITDA | 14.4x | 16.0x | -1.6x |
| P/B | 2.1x | 2.2x | 0.0x |
| Return on Equity | 11.90 % | industry aggregate | 1.36 % |
| Return on Invested Capital | 4.05 % | 1.88 % (avg) | 2.17 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
American Electric Power Co Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 5.00 % | -3.92 % | -4.13 % | 12.56 % | 16.96 % | -3.35 % | 3.89 % | 10.93 % |
| Operating Margin | 16.56 % | 16.66 % | 20.03 % | 20.32 % | 17.73 % | 18.73 % | 21.82 % | 24.31 % |
| Return on Invested Capital | 3.33 % | 2.95 % | 3.19 % | 3.34 % | 3.21 % | 3.15 % | 3.57 % | 4.16 % |
| P/E | 19.5x | 24.2x | 18.9x | 17.4x | 20.9x | 18.2x | 17.3x | 17.7x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
American Electric Power Co Inc's Strategic Group Map
American Electric Power Co Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
American Electric Power Co Inc's trailing-12-month revenue growth of 11.3% and operating margin of 24.1% compares with an average of 10.4% growth and 23.1% margin across its 8 closest peers by combined growth, margin and ROIC -- American Electric Power Co Inc sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
American Electric Power Co Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
American Electric Power Co Inc falls in the Dog quadrant: relative market share of 0.38x vs its largest competitor, in an industry growing revenue 9.0% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
American Electric Power Co Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 461 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 69.99 % vs industry average 32.49 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on American Electric Power Co Inc's dedicated Suppliers and Customers pages, not here.
American Electric Power Co Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
American Electric Power Co Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
American Electric Power Co Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 7.4 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+7.3% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.38x).
Opportunities
- Trades at a lower P/E than the industry average (18.5x vs 23.8x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
- Losing revenue share to the broader industry (-1.7 points over the past year).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
American Electric Power Co Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| American Electric Power Co Inc | 0.04 | 0.55 | 1.51 |
| Union Pacific Corp | 0.28 | 1.00 | 1.53 |
| The Southern Company | 0.11 | 0.70 | 1.86 |
| Duke Energy Corporation | 0.04 | 0.62 | 1.66 |
| Csx Corporation | - | 0.86 | 2.05 |
| Constellation Energy Corporation | 0.32 | 1.46 | 0.63 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
American Electric Power Co Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| American Electric Power Co Inc | Q1 2026 | +10.2 % | +12.6 % |
| Union Pacific Corp | Q3 2026 | +16.4 % | +16.1 % |
| The Southern Company | Q1 2026 | +8.0 % | +0.3 % |
| Duke Energy Corporation | Q1 2026 | +11.3 % | +12.3 % |
| Csx Corporation | Q3 2026 | +12.0 % | +51.6 % |
| Constellation Energy Corporation | Q1 2026 | +63.8 % | +1,142.6 % |
| PEERS TOTAL | +17.4 % | +34.3 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
American Electric Power Co Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| American Electric Power Co Inc | Q1 2026 | +14.3 % | - |
| Union Pacific Corp | Q3 2026 | +68.8 % | +7.8 % |
| The Southern Company | Q1 2026 | +2.1 % | +20.8 % |
| Duke Energy Corporation | Q1 2026 | +16.9 % | +29.9 % |
| Csx Corporation | Q3 2026 | +60.5 % | -18.8 % |
| Constellation Energy Corporation | Q1 2026 | +15.2 % | +58.2 % |
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American Electric Power Co Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| American Electric Power Co Inc | 3.37% | 3.75% | 11.90% |
| Union Pacific Corp | 10.76% | 11.49% | 37.82% |
| The Southern Company | 2.76% | 2.74% | 10.98% |
| Duke Energy Corporation | 2.70% | 3.54% | 9.79% |
| Csx Corporation | 8.06% | 6.66% | 25.94% |
| Constellation Energy Corporation | 5.77% | 5.64% | 19.68% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
American Electric Power Co Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| American Electric Power Co Inc | 18.70 | 3.09 |
| Union Pacific Corp | 23.24 | 6.68 |
| The Southern Company | 23.34 | 3.49 |
| Duke Energy Corporation | 19.93 | 3.06 |
| Csx Corporation | 26.47 | 6.30 |
| Constellation Energy Corporation | 20.80 | 2.84 |
| PEERS AVERAGE | 19.88 | 2.73 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.