The AES Corp
AES
14.93
0.00
0.00%
The AES Corp
US · AES
#1415 by market cap
Listed 1970
14.93
0.00
0.00%
Live - 5344 symbols - heartbeat 283s ago
· 2026-10-08 04:19
Pre-market
14.98
+0.31%
After-hours
14.91
-0.12%
Overnight
14.84
-0.60%
- Market cap
- 10.65B
- P/E (TTM)i
- 5.70
- P/Bi
- 2.16
- EPSi
- 1.26
- Div yieldi
- 4.72%
- 52W posi
- 49%
Reader sentiment
Are you bullish or bearish on AES?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.48, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -0.37% YoY
Margins
- Gross margin
- 18.07%
- Operating margin
- 16.10%
- Net margin
- 7.36%
Key ratios & quality
- Enterprise valuei
- 38.99B
- Altman Z-Scorei
- 0.48
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.74B | 10.19B | 9.66B | 11.14B | 12.62B | 12.67B | 12.28B | 12.23B |
| Gross profit | 2.57B | 2.35B | 2.69B | 2.71B | 2.55B | 2.50B | 2.31B | 2.21B |
| Selling & admin expenses | 192.00M | 196.00M | 165.00M | 166.00M | 207.00M | 255.00M | 288.00M | 241.00M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 2.37B | 2.15B | 2.53B | 2.55B | 2.34B | 2.25B | 2.03B | 1.97B |
| Pretax profit | 2.02B | 1.00B | 488.00M | -1.06B | -169.00M | 104.00M | 894.00M | 75.00M |
| Tax | 708.00M | 352.00M | 216.00M | -133.00M | 265.00M | 261.00M | 59.00M | -181.00M |
| Net profit | 1.57B | 478.00M | 152.00M | -951.00M | -505.00M | -182.00M | 802.00M | 162.00M |
| Basic EPS | 2 | 0 | 0 | -1 | -1 | 0 | 2 | 1 |
| Diluted EPS | 1.81 | 0.45 | 0.07 | -0.61 | -0.82 | 0.35 | 2.36 | 1.26 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 2.93B | 2.86B | 3.35B | 3.10B | 3.18B | 3.42B |
| Gross profit | 441.00M | 453.00M | 735.00M | 582.00M | 640.00M | 692.00M |
| Selling & admin expenses | 77.00M | 49.00M | 46.00M | 69.00M | 55.00M | 62.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 364.00M | 404.00M | 689.00M | 513.00M | 585.00M | 630.00M |
| Pretax profit | -22.00M | 39.00M | 327.00M | -269.00M | 242.00M | 449.00M |
| Tax | 17.00M | 167.00M | -226.00M | -139.00M | -41.00M | 28.00M |
| Net profit | -73.00M | -150.00M | 517.00M | -132.00M | 275.00M | 387.00M |
| Basic EPS | 0 | 0 | 1 | 0 | 1 | 1 |
| Diluted EPS | 0.07 | -0.15 | 0.89 | 0.45 | 0.68 | 0.60 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 5.02B | 5.23B | 5.41B | 5.36B | 7.64B | 6.65B | 6.83B | 6.50B |
| Cash & ST investments | 1.48B | 1.43B | 1.42B | 1.18B | 2.10B | 1.82B | 1.60B | 1.56B |
| Inventory | 577.00M | 487.00M | 461.00M | 604.00M | 1.06B | 712.00M | 593.00M | 612.00M |
| Total assets | 32.52B | 33.65B | 34.60B | 32.96B | 38.36B | 44.80B | 47.41B | 51.77B |
| Total current liabilities | 4.40B | 5.10B | 5.36B | 4.73B | 6.49B | 9.73B | 8.57B | 8.49B |
| Short-term debt | 1.66B | 1.87B | 1.43B | 1.37B | 1.76B | 4.13B | 3.59B | 3.11B |
| Long-term debt | 17.64B | 18.31B | 18.45B | 17.33B | 21.74B | 22.75B | 25.43B | 26.79B |
| Total liabilities | 26,917,000,000.00 | 28,419,000,000.00 | 29,883,000,000.00 | 28,396,000,000.00 | 33,859,000,000.00 | 38,814,000,000.00 | 39,702,000,000.00 | 42,663,000,000.00 |
| Total equity | 5.60B | 5.23B | 4.72B | 4.57B | 4.50B | 5.99B | 7.70B | 9.11B |
| Retained earnings | -1.01B | -692.00M | -680.00M | -1.09B | -1.64B | -1.39B | 293.00M | 641.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 7.88B | 6.32B | 6.82B | 6.50B | 6.11B | 6.40B |
| Cash & ST investments | 1.82B | 1.35B | 1.76B | 1.56B | 1.65B | 1.85B |
| Inventory | 624.00M | 647.00M | 607.00M | 612.00M | 648.00M | 618.00M |
| Total assets | 48.62B | 48.54B | 50.78B | 51.77B | 52.82B | 54.24B |
| Total current liabilities | 9.34B | 7.68B | 9.43B | 8.49B | 8.37B | 8.58B |
| Short-term debt | 4.17B | 3.72B | 4.39B | 3.11B | 3.20B | 3.46B |
| Long-term debt | 26.41B | 26.55B | 26.46B | 26.79B | 27.80B | 28.66B |
| Total liabilities | 40,890,000,000.00 | 40,859,000,000.00 | 42,375,000,000.00 | 42,663,000,000.00 | 43,463,000,000.00 | 44,466,000,000.00 |
| Total equity | 7.73B | 7.68B | 8.41B | 9.11B | 9.36B | 9.77B |
| Retained earnings | 214.00M | -79.00M | 555.00M | 641.00M | 1.00B | 1.43B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.34B | 2.47B | 2.76B | 1.90B | 2.72B | 3.03B | 2.75B | 4.31B |
| Depreciation & amortization | 1.00B | 1.05B | 1.07B | 1.06B | 1.07B | 1.15B | 1.26B | 1.46B |
| Free cash flow | 222.00M | 61.00M | 855.00M | -214.00M | -1.84B | -4.69B | -4.64B | -1.62B |
| Dividends paid | -344.00M | -362.00M | -381.00M | -401.00M | -422.00M | -444.00M | -483.00M | -501.00M |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 2.00B | 1.57B | 1.83B | 1.48B | 2.09B | 1.99B | 2.04B | 2.16B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 545.00M | 976.00M | 1.30B | 1.49B | 1.20B | 1.05B |
| Depreciation & amortization | 337.00M | 354.00M | 365.00M | 401.00M | 433.00M | 434.00M |
| Free cash flow | -709.00M | -356.00M | -511.00M | -47.00M | -565.00M | -597.00M |
| Dividends paid | -125.00M | -125.00M | -126.00M | -125.00M | -125.00M | -126.00M |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 2.57B | 2.20B | 2.55B | 2.16B | 2.32B | 2.38B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 42.41 | 9.77 | 1.63 | -17.76 | -30.57 | 15.33 | 63.43 | 23.36 |
| ROA %i | 3.67 | 0.92 | 0.13 | -1.21 | -1.53 | 0.60 | 3.64 | 1.82 |
| ROIC %i | 7.51 | 3.41 | 2.66 | 0.58 | 0.13 | 3.19 | 8.84 | 5.36 |
| 5-year avg ROE %i | -2.73 | -4.35 | -5.67 | -1.63 | 1.07 | -4.35 | 6.38 | 10.73 |
| EBIT margin %i | 28.63 | 20.13 | 15.80 | -1.37 | 7.51 | 11.23 | 19.38 | 12.11 |
| FCF / sales %i | 2.07 | 0.60 | 8.85 | -- | -- | -- | -- | -- |
| Current ratioi | 1.14 | 1.03 | 1.01 | 1.13 | 1.18 | 0.68 | 0.80 | 0.77 |
| Quick ratioi | 0.70 | 0.57 | 0.51 | 0.55 | 0.60 | 0.33 | 0.38 | 0.38 |
| Debt / assetsi | 59.33 | 59.95 | 57.45 | 56.73 | 61.25 | 60.00 | 61.21 | 57.75 |
| LT debt / equityi | 549.75 | 610.98 | 700.49 | 884.29 | 1,359.60 | 1,378.55 | 697.89 | 659.27 |
| Interest coveragei | 2.91 | 1.95 | 1.47 | -0.17 | 0.85 | 1.08 | 1.60 | 1.05 |
| Revenue CAGR (3Y) %i | -1.58 | -0.30 | -2.83 | 1.24 | 7.38 | 9.46 | 3.29 | -1.03 |
| Net income CAGR (3Y) %i | 57.83 | -- | -- | -- | -- | 75.58 | -- | -- |
| FCF CAGR (3Y) %i | -- | -52.01 | 37.77 | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 40.80 | 28.24 | 29.13 | 23.36 | 34.00 | 45.05 |
| ROA %i | 2.72 | 1.89 | 2.07 | 1.82 | 2.64 | 3.64 |
| ROIC %i | 6.76 | 5.47 | 5.71 | 5.36 | 5.82 | 7.26 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 17.04 | 16.22 | 15.83 | 12.11 | 14.07 | 16.72 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.84 | 0.82 | 0.72 | 0.77 | 0.73 | 0.75 |
| Quick ratioi | 0.38 | 0.42 | 0.38 | 0.38 | 0.39 | 0.44 |
| Debt / assetsi | 62.89 | 62.36 | 60.75 | 57.75 | 58.69 | 59.21 |
| LT debt / equityi | 761.51 | 788.19 | 684.68 | 659.27 | 628.94 | 579.83 |
| Interest coveragei | 1.40 | 1.36 | 1.37 | 1.05 | 1.24 | 1.52 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Diversified
- Energy Infrastructure Strategic Business Unit (SBU) is the largest reported line at 43.72% of revenue, across 5 reported segments.
- No single line clears half of revenue; Utilities Strategic Business Unit (SBU) is next at 29.75%, spreading the business across more than one real driver.
Revenue breakdown most recent period
Business
Energy Infrastructure Strategic Business Unit (SBU)43.72%
Utilities Strategic Business Unit (SBU)29.75%
Renewables Strategic Business Unit (SBU)27.44%
Corporate and Other1.14%
Quote time 2026-10-08 04:19:58 · For reference only, not investment advice and not tailored to your situation.