A converter module for converting electrical power by means of a converter circuit having at least one power electronic semiconductor switch driven in a clocked manner is disclosed. The converter module includes a housing, a first DC link circuit terminal, and a capacitance arranged in the housing and connected to the first DC link circuit terminal and to the converter circuit and serving for stabilizing a DC voltage present at the first DC link circuit terminal. The converter module includes a second DC link circuit terminal, which is connected to the capacitance and to the first DC link circuit terminal, wherein the first and second DC link circuit terminals are designed for connection to DC link circuit terminals of further converter modules for converting electrical power. An inverter can be formed by at least two converter modules which are connected to one another via a respective one of their DC link circuit terminals.