Saturday 17 October 2026 Export AES’s income statement to Excel — free account

The AES Corporation

The AES Corporation’s revenue for fiscal 2025 (year ended December 2025) was $12.2 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 19.9%, EPS grew 500.0%, free cash flow fell 67.7% and total debt rose 6.10%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

14.95 0.02 −0.13%

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Market cap: $10.7B
P/E: 5.7×
Fwd P/E: 7.3×
Dividend yield: 5.89%
F-score: 4/9
Altman Z: 0.36
Beneish M: −2.80
Dividend safety: 16/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	0.00	0.00	7.95	44.22	293.75	0.00	0.00	53.72	5.38	11.38
Piotroski F-Score Full definition →	4	5	7	3	5	5	4	5	5	4
Altman Z-Score Full definition →	0.45	0.46	0.74	0.67	0.63	0.55	0.65	0.36	0.42	0.36
P/S ratio Full definition →	0.75	0.68	0.89	1.30	1.62	1.45	1.49	1.02	0.74	0.83
P/FCF ratio Full definition →	13.94	21.96	43.12	216.62	18.28	0.00	0.00	0.00	0.00	0.00
Altman Z″-Score (non-manufacturers) Full definition →	0.34	0.19	0.69	0.37	0.25	(0.03)	0.20	(0.37)	0.11	0.04
Beneish M-Score Full definition →	(3.11)	(2.98)	(2.50)	(2.85)	(2.99)	(2.59)	(2.63)	(3.04)	(2.58)	(2.80)
P/Operating CF Full definition →	10.76	8.94	14.46	19.12	23.39	30.94	17.61	17.85	8.35	6.86
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	16
P/B ratio Full definition →	1.35	1.48	1.71	2.53	3.31	4.34	5.12	2.51	1.18	1.12
Price to Tangible BV Full definition →	1.81	2.10	2.33	3.57	5.52	14.69	12.83	5.06	1.68	1.52
EV/Sales Full definition →	2.44	2.42	2.52	3.10	3.50	3.00	3.14	2.97	2.94	3.09
EV/EBITDA Full definition →	18.39	13.14	8.53	14.79	19.22	0.00	36.77	30.08	16.71	23.02
EV/Operating CF Full definition →	8.66	10.18	11.53	12.82	12.26	17.56	14.60	12.40	13.10	8.79
EV/FCF Full definition →	45.47	77.98	121.71	518.39	39.52	(156.09)	(21.59)	(8.02)	(7.77)	(23.33)
Quick Ratio Full definition →	0.66	0.52	0.78	0.64	0.56	0.61	0.68	0.37	0.43	0.46
Current Ratio Full definition →	1.22	1.06	1.14	1.03	1.01	1.13	1.18	0.68	0.80	0.77
Net Debt/EBITDA Full definition →	12.75	9.44	5.51	8.61	10.33	(2,152.50)	19.35	19.73	12.50	16.81
Debt/Assets Full definition →	53.85%	60.30%	59.33%	59.95%	57.45%	56.73%	61.25%	60.00%	61.21%	57.75%
Debt/Equity Full definition →	3.41	4.12	3.44	3.86	4.21	4.09	5.22	4.49	3.77	3.28
Asset Turnover Full definition →	0.28	0.30	0.33	0.31	0.28	0.33	0.35	0.30	0.27	0.25
Operating CF/Net income Full definition →	(2.56)	(2.16)	1.95	8.14	59.89	(4.65)	(4.97)	12.18	1.64	4.78
Capex/Depreciation Full definition →	(1.99)	(1.86)	(2.11)	(2.30)	(1.78)	(2.00)	(4.25)	(6.73)	(5.85)	(4.07)
ROE Full definition →	(19.04%)	(22.02%)	23.03%	5.59%	0.92%	(9.68%)	(14.77%)	5.65%	26.13%	10.71%
ROA Full definition →	(3.11%)	(3.35%)	3.67%	0.92%	0.13%	(1.21%)	(1.53%)	0.60%	3.64%	1.81%
ROIC Full definition →	0.51%	2.08%	5.87%	2.89%	1.88%	(3.05%)	0.01%	0.21%	1.61%	0.32%
Return on Tangible Assets Full definition →	(5.24%)	(5.62%)	5.47%	1.33%	0.20%	(1.99%)	(2.26%)	0.93%	5.34%	2.51%
Average Days of Receivables Full definition →	50.45	50.71	54.23	52.98	49.12	46.46	52.04	40.91	48.93	50.22
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	1.89%	2.04%	1.79%	1.92%	1.71%	1.49%	1.64%	2.01%	2.35%	1.97%
Intangible Assets out of Total Assets Full definition →	0.04	0.04	0.05	0.05	0.05	0.08	0.06	0.06	0.05	0.05
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	(3.12)	(3.05)	(2.29)	(1.75)	(1.57)	(1.42)	(1.40)	(2.49)	(3.62)	(3.54)
Graham Number Full definition →	0.00	0.00	18.62	8.93	3.57	0.00	0.00	7.89	24.22	19.04
Earnings Yield Full definition →	(14.75%)	(16.18%)	12.59%	2.26%	0.34%	(2.51%)	(2.92%)	1.86%	18.57%	8.79%
Free Cash Flow Yield Full definition →	7.17%	4.55%	2.32%	0.46%	5.47%	(1.32%)	(9.78%)	(36.25%)	(51.07%)	(15.90%)
Revenue per Share Full definition →	15.58	15.95	16.22	15.34	14.53	16.73	18.89	18.94	17.39	17.18
Operating CF per Share Full definition →	4.39	3.79	3.54	3.71	4.14	2.86	4.06	4.54	3.90	6.05
Capex per Share Full definition →	(3.55)	(3.30)	(3.20)	(3.62)	(2.86)	(3.18)	(6.81)	(11.55)	(10.47)	(8.33)
Free Cash Flow per Share Full definition →	0.84	0.50	0.34	0.09	1.29	(0.32)	(2.75)	(7.01)	(6.57)	(2.28)
Cash per Share Full definition →	3.11	2.50	2.79	2.66	2.59	2.22	3.95	3.28	2.89	3.16
Shareholders Equity per Share Full definition →	8.64	7.34	8.47	7.88	7.10	6.86	6.74	8.95	10.91	12.79
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	8.64	7.34	8.47	7.88	7.10	6.86	6.74	8.95	10.91	12.79
Free Cash Flow Full definition →	552.00	327.00	222.00	61.00	855.00	(214.00)	(1,836.00)	(4,690.00)	(4,640.00)	(1,623.00)
Working Capital Full definition →	1,139.00	370.00	616.00	135.00	52.00	624.00	1,152.00	(3,082.00)	(1,740.00)	(1,990.00)
Capital Expenditures Full definition →	(2,345.00)	(2,177.00)	(2,121.00)	(2,405.00)	(1,900.00)	(2,116.00)	(4,551.00)	(7,724.00)	(7,392.00)	(5,929.00)
Net Current Asset Value Full definition →	(24,008.00)	(21,869.00)	(21,902.00)	(23,188.00)	(24,469.00)	(23,040.00)	(26,216.00)	(32,165.00)	(32,871.00)	(36,161.00)
EV/EBIT Full definition →	132.80	33.07	12.48	28.93	48.97	0.00	6,605.91	361.78	40.34	201.38
Capex to Sales Full definition →	0.23	0.21	0.20	0.24	0.20	0.19	0.36	0.61	0.60	0.48
Price to Operating Income Full definition →	40.72	9.31	4.42	12.09	22.65	0.00	3,129.58	124.41	10.16	54.31
Other line items
Depreciation/Fixed assets Full definition →	0.06	0.06	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04
Cash ROIC Full definition →	2.03%	1.24%	0.83%	0.22%	3.25%	(0.86%)	(5.99%)	(13.38%)	(11.97%)	(3.93%)
Accounts Receivable Turnover Full definition →	5.52	7.30	7.02	6.63	6.95	8.20	7.84	7.87	8.01	7.35
Accounts Payable Turnover Full definition →	5.62	6.18	6.05	5.94	5.65	7.30	6.99	5.17	5.17	5.52
Inventory Turnover Full definition →	12.22	13.62	14.33	14.74	14.70	15.83	12.14	11.50	15.27	16.63
Average Days of Payables Full definition →	57.21	62.05	59.42	61.04	60.56	49.92	62.71	78.97	60.59	72.11
Days of Inventory on Hand Full definition →	28.75	25.43	25.80	22.67	24.15	26.15	38.24	25.57	21.72	22.29
Average Receivables Full definition →	1,861.50	1,442.00	1,529.00	1,537.00	1,389.50	1,359.00	1,608.50	1,609.50	1,533.00	1,664.50
Average Payables Full definition →	1,404.50	1,304.50	1,350.00	1,320.00	1,233.50	1,154.50	1,441.50	1,964.50	1,926.50	1,817.00
Average Inventory Full definition →	646.50	592.00	569.50	532.00	474.00	532.50	829.50	883.50	652.50	602.50
Average Assets Full definition →	36,297.00	34,618.00	32,816.50	33,084.50	34,125.50	33,783.00	35,663.00	41,581.00	46,102.50	49,587.00
Average Common Equity Full definition →	5,935.50	5,272.50	5,224.50	5,416.50	4,974.50	4,224.50	3,697.50	4,406.50	6,425.50	8,404.50

Fold the line items

Columns are period end dates

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