AES Corporation

Utilities Independent Power Producers & Energy Traders Arlington, Virginia Last filing Mar 2, 2026 · FY2025

                    Revenue
                    FY2025
                
$12.2B
                    3y CAGR -1.0%
                    
                    P16
                    
                    n/a
                    
                    Net income
                    FY2025
                
$910.0M
                    Net margin +7.4%
                    
                    P13
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$51.8B
                    ROA +1.8%
                    
                    P6
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$4.3B
                    FCF margin -13.3%
                    
                    P42
                    
                    n/a

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

30 accounts · 1 year

Total assets $51.8B

Total liabilities $8.5B

Shareholders equity $4.1B

Account	2025	Trend
Assets
Cash and Cash Equivalents	$1.4B
Short Term Investments	$174.0M
Accounts Receivable	$1.7B
Inventory	$612.0M
Prepaid Expenses	$192.0M
Other Current Assets	$1.7B
Total Current Assets	$6.5B
Property,Plant and Equipment	$37.8B
Goodwill	$342.0M
Intangible Assets	$2.0B
Long Term Investments	$174.0M
Other Noncurrent Assets	$2.8B
Total Assets	$51.8B
Liabilities
Accounts Payable	$2.0B
Accrued Liabilities	$2.2B
Other Current Liabilities	$268.0M
Total Current Liabilities	$8.5B
Deferred Revenue Noncurrent	$374.0M
Deferred Tax Liabilities	$1.6B
Other Noncurrent Liabilities	$3.0B
Total Liabilities	$8.5B
Equity
Preferred Stock	$0
Common Stock	$9.0M
Additional Paid In Capital	$5.9B
Retained Earnings	$641.0M
Treasury Stock	$1.8B
Accumulated Other Comprehensive Income	$-698.0M
Noncontrolling Interest	$5.0B
Total Stockholders Equity	$4.1B
Total Liabilitiesand Equity	$51.8B

Income Statement

Revenue, expense, and profitability

19 accounts · 1 year

Revenue $12.2B

Operating income $949.0M

Net income $910.0M

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	$12.2B
Expenses Cost of Revenue	$10.0B
Expenses Selling,General and Administrative	$241.0M
Expenses Depreciation and Amortization	$1.5B
Expenses Share Based Compensation	$14.0M
Expenses Restructuring and Asset Impairment	$5.0M
Other Income Expense Gross Profit	$2.2B
Other Income Expense Operating Income	$949.0M
Other Income Expense Interest Income	$287.0M
Other Income Expense Interest Expense	$1.4B
Other Income Expense Other Income/expense	$113.0M
Other Income Expense Income Before Tax	$75.0M
Income Tax Income Tax Expense	$-181.0M
net Income net Income	$910.0M
net Income Comprehensive Income	$987.0M
Earnings Per Share Basic Eps	$1
Earnings Per Share Diluted Eps	$1
Earnings Per Share Weighted Average Shares Basic	$712.0M
Earnings Per Share Weighted Average Shares Diluted	$714.0M

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 1 year

Operating cash flow $4.3B

Investing cash flow $-6.2B

Financing cash flow $2.0B

Account	2025	Trend
CashFlow
Operating Activities net Income	$910.0M
Operating Activities Depreciation and Amortization	$1.5B
Operating Activities Stock Based Compensation	$14.0M
Operating Activities Deferred Income Taxes	$92.0M
Operating Activities Changes In Operating Assets and Liabilities	$-111.0M
Operating Activities Other Non Cash Items	$-32.0M
Operating Activities net Cash From Operating Activities	$4.3B
Investing Activities Capital Expenditures	$5.9B
Investing Activities Business Acquisitions	$108.0M
Investing Activities Purchases of Investments	$185.0M
Investing Activities Other Investing Activities	$-139.0M
Investing Activities net Cash From Investing Activities	$-6.2B
Financing Activities Proceeds From Debt	$3.9B
Financing Activities Repayment of Debt	$5.3B
Financing Activities Dividends Paid	$501.0M
Financing Activities Other Financing Activities	$-59.0M
Financing Activities net Cash From Financing Activities	$2.0B
Cash Reconciliation Effect of Exchange Rate On Cash	$-27.0M
Cash Reconciliation net Change In Cash	$123.0M
Cash Reconciliation Cash At Beginning of Period	$2.2B
Cash Reconciliation Cash At End of Period	$2.2B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+18.1%
Operating margin	+7.8%
Net margin	+7.4%
FCF margin	-13.3%
Growth
Revenue CAGR (3y)	-1.0%
Returns
ROE	+22.4%
ROA	+1.8%
ROIC	—
Liquidity
Current ratio	0.77x
Quick ratio	0.36x
Leverage
D/E	2.09x
Interest coverage	0.67x
Efficiency
Asset turnover	0.24x
Cash conversion cycle	+0d

Valuation

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FY2025 fundamentals · no price

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AES Corporation

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