Skip to main content
AES logo

AES

Aes Corp
$14.78 +0.05 (+0.34%) At close · Jul 10
Market Cap
$10.54B
Shares
713,157,713

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue
$12.23B -0.4%
FY2025 Revenue FY2009–FY2025
Net Income
$910M -45.8%
FY2025 Net Income FY2006–FY2025
Gross Margin
18.07% -0.8pp
FY2025 Gross Margin FY2009–FY2025
Diluted EPS
$1.26 -46.6%
FY2025 Diluted EPS FY2006–FY2025
Operating Cash Flow
$4.31B +56.5%
FY2025 Operating Cash Flow FY2006–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008 FY2007 FY2006
$12.49B $12.23B $12.28B $12.67B $12.62B $11.14B $9.66B $10.19B $10.74B $10.53B $10.28B $11.26B $16.12B $15.89B $17.16B $16.1B $15.44B $12.97B
$426M $415M $475M $490M $478M $520M $514M $530M
$10.08B $10.02B $9.96B $10.16B $10.07B $8.43B $6.97B $7.84B $8.16B $8.07B $7.9B
$2.41B $2.21B $2.31B $2.5B $2.55B $2.71B $2.69B $2.35B $2.57B $2.47B $2.38B $2.66B $2.98B $3.25B $3.58B $4.04B $3.82B $3.29B $3.42B $3.3B $3.42B
18.07% 18.85% 19.77% 20.19% 24.33% 27.88% 23.05% 23.97% 23.41% 23.18% 23.65% 18.48% 20.43% 20.88% 25.1% 24.74% 25.39%
$219M $241M $288M $255M $207M $166M $165M $196M $192M $215M $194M $196M $187M $220M $274M $346M $391M $339M $369M $378M $301M
$94M $88M $82M $71M $69M $54M $45M $47M $34M $37M $47M $57M $29M $115M $20M $14M
-$1.55B -$1.46B -$1.26B -$1.15B -$1.07B $1.06B $1.07B $1.05B $1B $1.17B $1.18B $1.14B $1.25B $1.29B $1.39B $1.18B $1.03B $884M $899M $942M $933M
$5M
$1.42B $1.41B $1.49B $1.32B $1.12B $911M $1.04B $1.05B $1.06B $1.17B $1.13B $1.15B $1.45B $1.48B $1.54B $1.53B $1.45B $1.41B $1.75B $1.76B $1.77B
$283M $287M $381M $551M $389M $298M $268M $318M $310M $244M $245M $256M $320M $275M $348M $398M $407M $344M $515M $489M $434M
-$29M -$55M -$26M -$32M -$71M -$24M -$123M -$172M $39M $71M $36M $105M $19M $25M $35M -$2M $184M $91M $33M $76M $73M
$339M $75M $894M $104M $96M $644M -$192M -$277M -$509M -$521M -$354M $513M $578M $1.05B $230M $2.26B $1.89B $2.26B $2.53B $1.46B $914M
-$239M -$181M $59M $261M $265M -$133M $216M $352M $708M $990M $32M $412M $371M $343M $685M $656M $593M $553M $719M $676M $359M
$1.35B $910M $1.68B $249M -$546M -$409M $46M $303M $1.2B -$1.16B -$1.13B $306M $769M $114M -$912M $58M $9M $658M $1.23B -$95M $247M
7.44% 13.67% 1.97% -4.33% -3.67% 0.48% 2.97% 11.21% -11.03% -10.99% 2.72% 4.77% 0.72% -5.31% 0.36% 0.06% 5.07%
-$841M -$748M -$877M -$431M $41M $542M $542M -$106M $398M $364M $456M $378M $437M $555M $1.47B $1.05B $1.1B $798M $452M $460M
$900M $1.68B $249M
$1.51B $987M $1.93B $385M $116M -$221M -$11M $149M $989M -$248M -$3M -$304M $325M $152M -$1.07B -$317M $388M $952M $763M
USD/shares $1.26 $2.38 $0.37 -$0.82 -$0.61 $0.07 $0.46 $1.82 -$1.76 -$1.72 $0.45 $1.07 $0.15 -$1.21 $0.07 $0.01 $0.99 $1.84 -$0.14 $0.37
USD/shares $1.26 $2.36 $0.35 -$0.82 -$0.61 $0.07 $0.45 $1.81 -$1.76 -$1.72 $0.44 $1.06 $0.15 -$1.21 $0.07 $0.01 $0.98 $1.82 -$0.14 $0.37
shares 712M 706M 669M 668M 666M 665M 664M 662M 660M 660M 687M 720M 743M 755M 778M 769M 667M 669M
shares 714M 713M 712M 668M 666M 668M 667M 665M 660M 660M 689M 724M 748M 755M 783M 774M 670M 689M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2006–FY2025: $2.01B in buybacks, $4.51B in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
EV/EBIT
P/E (TTM)
7.90×
Utilities - Diversified median 16.82×

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Energy Infrastructure $5,402,000,000 $6,207,000,000 $6,805,000,000 $7,204,000,000 $6,702,000,000
Utilities $4,122,000,000 $3,608,000,000 $3,495,000,000 $3,617,000,000 $2,944,000,000
Renewables $2,913,000,000 $2,617,000,000 $2,416,000,000 $1,893,000,000 $1,562,000,000
AES Andes $900,000,000
Corporate Other and Other $149,000,000 $162,000,000 $138,000,000
New Energy Technologies $1,000,000 $1,000,000 $76,000,000 $3,000,000 $7,000,000
Corporate Other and Other Eliminations -$20,000,000 -$15,000,000 -$11,000,000 -$6,000,000 -$10,000,000
Eliminations -$262,000,000 -$216,000,000
EURASIA $1,217,000,000 $1,123,000,000 $828,000,000 $1,047,000,000 $1,255,000,000
MCAC $2,868,000,000 $2,157,000,000 $1,766,000,000 $1,882,000,000 $1,728,000,000
South America SBU $3,539,000,000 $3,541,000,000 $3,159,000,000 $3,208,000,000 $3,533,000,000
US and Utilities Domain $5,013,000,000 $4,335,000,000 $3,918,000,000 $4,058,000,000 $4,230,000,000
South America $3,208,000,000 $3,533,000,000

By Geography (USD)

Component 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total Non-US $7,177,000,000 $7,589,000,000 $8,229,000,000 $8,524,000,000 $7,610,000,000 $6,417,000,000 $6,959,000,000 $7,274,000,000
United States $5,056,000,000 $4,689,000,000 $4,439,000,000 $4,093,000,000 $3,531,000,000 $3,243,000,000 $3,230,000,000 $3,462,000,000
Chile $1,516,000,000 $1,534,000,000 $1,932,000,000 $2,064,000,000 $2,297,000,000 $2,092,000,000 $1,839,000,000 $2,087,000,000
Dominican Republic $1,363,000,000 $1,451,000,000 $1,400,000,000 $1,591,000,000 $1,087,000,000 $896,000,000 $877,000,000 $884,000,000
El Salvador $1,086,000,000 $1,036,000,000 $935,000,000 $902,000,000 $792,000,000 $666,000,000 $824,000,000 $768,000,000
Mexico $760,000,000 $462,000,000 $536,000,000 $595,000,000 $471,000,000 $349,000,000 $402,000,000 $399,000,000
Bulgaria $687,000,000 $478,000,000 $528,000,000 $790,000,000 $700,000,000 $444,000,000 $459,000,000 $426,000,000
Panama $649,000,000 $666,000,000 $644,000,000 $678,000,000 $595,000,000 $519,000,000 $601,000,000 $438,000,000
Colombia $422,000,000 $686,000,000 $706,000,000 $417,000,000 $383,000,000 $358,000,000 $472,000,000 $428,000,000
Puerto Rico $404,000,000 $426,000,000 $269,000,000 $293,000,000 $311,000,000 $298,000,000 $294,000,000 $257,000,000
Argentina $366,000,000 $318,000,000 $407,000,000 $501,000,000 $390,000,000 $308,000,000 $373,000,000 $487,000,000
Vietnam $321,000,000 $312,000,000 $344,000,000 $323,000,000 $320,000,000 $285,000,000 $343,000,000 $245,000,000
Jordan $6,000,000 $28,000,000 $97,000,000 $102,000,000 $98,000,000 $96,000,000 $95,000,000 $95,000,000
Other Non-US $1,000,000 $2,000,000 $3,000,000 $1,000,000 $6,000,000 $3,000,000 $2,000,000 $7,000,000
Brazil $0 $616,000,000 $697,000,000 $560,000,000 $471,000,000 $401,000,000 $525,000,000 $527,000,000
Vietnam $343,000,000 $245,000,000
United Kingdom $0 $0 $147,000,000 $390,000,000
Kazakhstan $0 $0
Philippines $0 $0 $93,000,000

By Product & Service (USD)

Component 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Nonregulated Revenue $8,195,000,000 $8,756,000,000 $9,245,000,000 $9,079,000,000 $8,273,000,000 $6,999,000,000 $7,161,000,000 $7,797,000,000
Regulated Revenue $4,038,000,000 $3,522,000,000 $3,423,000,000 $3,538,000,000 $2,868,000,000 $2,661,000,000 $3,028,000,000 $2,939,000,000
Key facts CIK 874761 CUSIP 00130H105 13F (30d) 40 filings 36 filers Visit website Investor relations