AEP American Electric Power margins

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Relative Growth: Rel. Growth: 50
Relative Strength: Rel. Strength: 41
Relative Valuation: Rel. Valuation: 53
Relative Profitability: Rel. Profitability: 51
Gross margin
38.8%
Operating margin
23%
EBITDA margin
40.3%
Net margin
13.8%

Using the latest TTM figures, American Electric Power shows a gross margin of 38.8%, an operating margin of 23%, an EBITDA margin of 40.3%, and a net margin of 13.8%. Net margin had the largest decline, contracting by 3.9 percentage points, while the other available margins also decreased.

AEP margin history

Gross, operating, EBITDA and net margin trends

Looking back over the last 3 years, American Electric Power recorded average margins of 38.5% gross, 21.78% operating, 40.22% EBITDA, and 14.58% net. American Electric Power's current metrics show that gross, operating, and EBITDA margins are above their three-year averages and net margin is below its three-year average.

AEP margin expansion

Year-over-year margin changes in percentage points

The biggest contraction was in net margin, which fell by 3.9 percentage points. The other available margins also declined.

Gross margin expansion
-2.3pp
Operating margin expansion
-1.8pp
EBITDA margin expansion
-2.9pp
Net margin expansion
-3.9pp

AEP Gross margin

American Electric Power recorded an average gross margin of 38.5% across the last 3 years. American Electric Power currently reports a gross margin of 38.8%, 0.3 percentage points above its three-year average. The highest gross margin for American Electric Power was 41.1% in Jun 2025, while the lowest was 35.4% in Sep 2023.

AEP Operating margin

The average operating margin for American Electric Power was 21.78% across the past 3 years. Right now, the current operating margin for American Electric Power is 23%, 1.2 percentage points above its three-year average. The operating margin for American Electric Power moved between 18.1% in Sep 2023 and 24.9% in Sep 2025.

AEP EBITDA margin

Over the last 3 years, the average EBITDA margin for American Electric Power was 40.22%. The latest EBITDA margin for American Electric Power is 40.3%, 0.1 percentage points above its three-year average. American Electric Power's EBITDA margin ranged from a low of 36.9% in Sep 2023 to a high of 43.2% in Jun 2025.

AEP Net margin

American Electric Power's net margin averaged 14.58% in the last 3 years. The latest net margin for American Electric Power is 13.8%, 0.8 percentage points below its three-year average. Over the last 3 years, American Electric Power's net margin peaked at 17.7% in Jun 2025 and reached a low of 11.6% in Dec 2023.

AEP margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 38.8%, AEP ranks higher than its peers average but lower than the Utilities sector and the industry average. In comparison with the Utilities sector average of 42.8%, American Electric Power's gross margin is 9% lower.

AEP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is American Electric Power's gross margin?

The current gross margin for AEP is 38.8% as of Jun 30, 2026.

What is American Electric Power's operating margin?

For the period ending Jun 30, 2026, AEP recorded an operating margin of 23%.

What is American Electric Power's EBITDA margin?

As of Jun 30, 2026, AEP has an EBITDA margin of 40.3%.

What is American Electric Power's net margin?

The current net margin for AEP is 13.8% as of Jun 30, 2026.

What are the average margins of AEP?

The three-year average margins for AEP were 38.5% gross, 21.8% operating, 40.2% EBITDA, and 14.6% net.

What are the highest historical margins of AEP?

Across the 5-year period, AEP posted its highest margins at 41.1% gross in Jun 2025, 24.9% operating in Sep 2025, 43.2% EBITDA in Jun 2025, and 17.7% net in Jun 2025.

What are the lowest historical margins of AEP?

Over the last 5 years, American Electric Power's lowest margins were 34% gross in Jun 2023, 15.8% operating in Jun 2023, 33.6% EBITDA in Mar 2023, and 10.1% net in Mar 2023.