Ameren
Ameren returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 5.82% | 4.85% | 14.67% | 12.02% | 3.21% | 1.4 pp |
| FY 2026 Q1 | Mar 31, 2026 | 5.81% | 4.81% | 15.69% | 11.83% | 3.2% | 1.4 pp |
| FY 2025 Q4 | Dec 31, 2025 | 5.76% | 4.73% | 18.27% | 11.41% | 3.14% | 1.4 pp |
| FY 2025 Q3 | Sep 30, 2025 | 5.55% | 4.42% | 13.87% | 11.47% | 3.12% | 1.2 pp |
| FY 2025 Q2 | Jun 30, 2025 | 4.89% | 3.94% | 4.21% | 10.29% | 2.77% | 0.5 pp |
| FY 2025 Q1 | Mar 31, 2025 | 4.84% | 3.91% | 3.44% | 10.23% | 2.79% | 0.4 pp |
| FY 2024 Q4 | Dec 31, 2024 | 4.81% | 3.85% | 2.39% | 10.08% | 2.78% | 0.4 pp |
| FY 2024 Q3 | Sep 30, 2024 | 4.76% | 4.2% | -0.02% | 9.91% | 2.75% | 0.4 pp |
| FY 2024 Q2 | Jun 30, 2024 | 4.92% | 4.31% | 1.78% | 10.52% | 2.89% | 0.5 pp |
| FY 2024 Q1 | Mar 31, 2024 | 4.93% | 4.32% | 1.5% | 10.42% | 2.91% | 0.5 pp |
| FY 2023 Q4 | Dec 31, 2023 | 5.01% | 4.33% | 1.91% | 10.54% | 2.94% | 0.6 pp |
| FY 2023 Q3 | Sep 30, 2023 | 5.21% | 4.48% | 7.36% | 10.89% | 3.01% | 0.8 pp |
| FY 2023 Q2 | Jun 30, 2023 | 5.21% | 4.49% | 7.4% | 10.85% | 2.95% | 0.8 pp |
| FY 2023 Q1 | Mar 31, 2023 | 5.24% | 4.49% | 7.34% | 10.64% | 2.94% | 0.8 pp |
| FY 2022 Q4 | Dec 31, 2022 | 5.3% | 4.49% | 6.61% | 10.63% | 2.93% | 0.9 pp |
| FY 2022 Q3 | Sep 30, 2022 | 5.1% | 4.3% | 2.37% | 10.42% | 2.88% | 0.7 pp |
| FY 2022 Q2 | Jun 30, 2022 | 5.01% | 4.2% | 1.81% | 10.49% | 2.86% | 0.6 pp |
| FY 2022 Q1 | Mar 31, 2022 | 5.07% | 4.24% | -0.75% | 10.65% | 2.94% | 0.7 pp |
| FY 2021 Q4 | Dec 31, 2021 | 5.24% | 4.25% | 1.6% | 10.62% | 2.94% | 0.8 pp |
| FY 2021 Q3 | Sep 30, 2021 | 5.53% | 4.44% | 2.9% | 10.78% | 3.02% | 1.1 pp |
| FY 2021 Q2 | Jun 30, 2021 | 5.49% | 4.37% | 2.19% | 10.49% | 2.9% | 1.1 pp |
| FY 2021 Q1 | Mar 31, 2021 | 5.86% | 4.79% | 5.72% | 11.12% | 3.11% | 1.5 pp |
| FY 2020 Q4 | Dec 31, 2020 | 5.74% | 4.62% | 2.55% | 10.25% | 2.88% | 1.3 pp |
| FY 2020 Q3 | Sep 30, 2020 | 5.76% | 4.64% | 2.26% | 10.27% | 2.9% | 1.4 pp |
| FY 2020 Q2 | Jun 30, 2020 | 5.82% | 4.85% | 2.24% | 10.58% | 2.94% | 1.4 pp |
| FY 2020 Q1 | Mar 31, 2020 | 5.58% | 4.69% | -6.96% | 9.92% | 2.78% | 1.2 pp |
| FY 2019 Q4 | Dec 31, 2019 | 5.98% | 4.97% | -1.09% | 10.55% | 2.97% | 1.6 pp |
| FY 2019 Q3 | Sep 30, 2019 | 6.02% | 4.95% | 13.19% | 10.2% | 2.91% | 1.6 pp |
| FY 2019 Q2 | Jun 30, 2019 | 6.05% | 5.14% | 22.51% | 10.48% | 2.93% | 1.7 pp |
| FY 2019 Q1 | Mar 31, 2019 | 6.53% | 5.73% | 35.66% | 11.45% | 3.21% | 2.1 pp |
| FY 2018 Q4 | Dec 31, 2018 | 6.47% | 5.71% | 33.56% | 11% | 3.09% | 2.1 pp |
| FY 2018 Q3 | Sep 30, 2018 | 5.47% | 5.97% | 4.68% | 9.16% | 2.63% | 1.1 pp |
| FY 2018 Q2 | Jun 30, 2018 | 4.98% | 6.31% | -14.13% | 8.5% | 2.39% | 0.6 pp |
| FY 2018 Q1 | Mar 31, 2018 | 4.74% | 6.6% | -14.49% | 8% | 2.26% | 0.3 pp |
| FY 2017 Q4 | Dec 31, 2017 | 4.53% | 6.48% | -26.5% | 7.32% | 2.07% | 0.1 pp |
| FY 2017 Q3 | Sep 30, 2017 | 5.47% | 6.14% | -4.59% | 8.46% | 2.47% | 1.1 pp |
| FY 2017 Q2 | Jun 30, 2017 | 6.06% | 6.79% | 12.41% | 9.89% | 2.84% | 1.7 pp |
| FY 2017 Q1 | Mar 31, 2017 | 5.82% | 6.49% | 11.35% | 9.33% | 2.7% | 1.4 pp |
| FY 2016 Q4 | Dec 31, 2016 | 5.94% | 6.34% | 13.94% | 9.3% | 2.7% | 1.5 pp |
| FY 2016 Q3 | Sep 30, 2016 | 5.94% | 6.43% | 11.54% | 9.15% | 2.73% | 1.5 pp |
| FY 2016 Q2 | Jun 30, 2016 | 5.74% | 6.25% | 14.81% | 9.12% | 2.66% | 1.3 pp |
| FY 2016 Q1 | Mar 31, 2016 | 5.46% | 5.84% | 0.99% | 9.24% | 2.71% | 1.1 pp |
| FY 2015 Q4 | Dec 31, 2015 | 5.51% | 6% | 1.81% | 9.22% | 2.72% | 1.1 pp |
| FY 2015 Q3 | Sep 30, 2015 | 5.63% | 6.11% | -1.5% | 9.41% | 2.86% | 1.2 pp |
| FY 2015 Q2 | Jun 30, 2015 | 5.3% | 5.91% | -10.25% | 8.98% | 2.68% | 0.9 pp |
| FY 2015 Q1 | Mar 31, 2015 | 5.7% | 6.51% | 0.18% | 9.05% | 2.72% | 1.3 pp |
| FY 2014 Q4 | Dec 31, 2014 | 5.71% | 6.43% | 3.61% | 8.84% | 2.68% | 1.3 pp |
| FY 2014 Q3 | Sep 30, 2014 | 6.03% | 6.68% | — | 8.62% | 2.6% | 1.6 pp |
| FY 2014 Q2 | Jun 30, 2014 | 6.23% | 6.83% | — | 9.02% | 2.66% | 1.8 pp |
| FY 2014 Q1 | Mar 31, 2014 | 6.03% | 6.58% | — | 8.23% | 2.46% | 1.6 pp |
| FY 2013 Q4 | Dec 31, 2013 | 5.56% | 6.12% | — | 4.39% | 1.35% | 1.2 pp |
| FY 2013 Q3 | Sep 30, 2013 | — | -3.91% | — | -12.51% | -3.94% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | -3.64% | — | -11.95% | -3.68% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | -3.11% | — | -10.38% | -3.19% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | -5.91% | — | -13.4% | -4.28% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 3.33% | — | — | 0.88% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 2.97% | — | — | 0.51% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 2.77% | — | 0.59% | 0.19% | — |
| FY 2011 Q4 | Dec 31, 2011 | 5.31% | 5.71% | 243.9% | 6.63% | 2.2% | 0.9 pp |
| FY 2011 Q3 | Sep 30, 2011 | 5.53% | 5.97% | 240.17% | — | 2.32% | 1.1 pp |
| FY 2011 Q2 | Jun 30, 2011 | 1.44% | 3.79% | — | — | 0.4% | -3 pp |
| FY 2011 Q1 | Mar 31, 2011 | 1.63% | 3.88% | — | 1.38% | 0.46% | -2.8 pp |
| FY 2010 Q4 | Dec 31, 2010 | 1.98% | 4.19% | — | 1.78% | 0.59% | -2.4 pp |
| FY 2010 Q3 | Sep 30, 2010 | 2.22% | 4.44% | — | 2.13% | 0.7% | -2.2 pp |
| FY 2010 Q2 | Jun 30, 2010 | 5.64% | 6.35% | — | 7.4% | 2.38% | 1.2 pp |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 4.4%, rounded from the Utility · General benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · AEE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.