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: 4.71%
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 '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
P/E ratio Full definition →	11.38	5.38	53.72	0.00	0.00	293.75	44.22	7.95	0.00	0.00
Piotroski F-Score Full definition →	4	5	5	4	5	5	3	7	5	4
Altman Z-Score Full definition →	0.36	0.42	0.36	0.65	0.55	0.63	0.67	0.74	0.46	0.45
P/S ratio Full definition →	0.83	0.74	1.02	1.49	1.45	1.62	1.30	0.89	0.68	0.75
P/FCF ratio Full definition →	0.00	0.00	0.00	0.00	0.00	18.28	216.62	43.12	21.96	13.94
Altman Z″-Score (non-manufacturers) Full definition →	0.04	0.11	(0.37)	0.20	(0.03)	0.25	0.37	0.69	0.19	0.34
Beneish M-Score Full definition →	(2.80)	(2.58)	(3.04)	(2.63)	(2.59)	(2.99)	(2.85)	(2.50)	(2.98)	(3.11)
P/Operating CF Full definition →	6.86	8.35	17.85	17.61	30.94	23.39	19.12	14.46	8.94	10.76
Dividend Safety Score Full definition →	16	—	—	—	—	—	—	—	—	—
P/B ratio Full definition →	1.12	1.18	2.51	5.12	4.34	3.31	2.53	1.71	1.48	1.35
Price to Tangible BV Full definition →	1.52	1.68	5.06	12.83	14.69	5.52	3.57	2.33	2.10	1.81
EV/Sales Full definition →	3.09	2.94	2.97	3.14	3.00	3.50	3.10	2.52	2.42	2.44
EV/EBITDA Full definition →	23.02	16.71	30.08	36.77	0.00	19.22	14.79	8.53	13.14	18.39
EV/Operating CF Full definition →	8.79	13.10	12.40	14.60	17.56	12.26	12.82	11.53	10.18	8.66
EV/FCF Full definition →	(23.33)	(7.77)	(8.02)	(21.59)	(156.09)	39.52	518.39	121.71	77.98	45.47
Quick Ratio Full definition →	0.46	0.43	0.37	0.68	0.61	0.56	0.64	0.78	0.52	0.66
Current Ratio Full definition →	0.77	0.80	0.68	1.18	1.13	1.01	1.03	1.14	1.06	1.22
Net Debt/EBITDA Full definition →	16.81	12.50	19.73	19.35	(2,152.50)	10.33	8.61	5.51	9.44	12.75
Debt/Assets Full definition →	57.75%	61.21%	60.00%	61.25%	56.73%	57.45%	59.95%	59.33%	60.30%	53.85%
Debt/Equity Full definition →	3.28	3.77	4.49	5.22	4.09	4.21	3.86	3.44	4.12	3.41
Asset Turnover Full definition →	0.25	0.27	0.30	0.35	0.33	0.28	0.31	0.33	0.30	0.28
Operating CF/Net income Full definition →	4.78	1.64	12.18	(4.97)	(4.65)	59.89	8.14	1.95	(2.16)	(2.56)
Capex/Depreciation Full definition →	(4.07)	(5.85)	(6.73)	(4.25)	(2.00)	(1.78)	(2.30)	(2.11)	(1.86)	(1.99)
ROE Full definition →	10.71%	26.13%	5.65%	(14.77%)	(9.68%)	0.92%	5.59%	23.03%	(22.02%)	(19.04%)
ROA Full definition →	1.81%	3.64%	0.60%	(1.53%)	(1.21%)	0.13%	0.92%	3.67%	(3.35%)	(3.11%)
ROIC Full definition →	0.32%	1.61%	0.21%	0.01%	(3.05%)	1.88%	2.89%	5.87%	2.08%	0.51%
Return on Tangible Assets Full definition →	2.51%	5.34%	0.93%	(2.26%)	(1.99%)	0.20%	1.33%	5.47%	(5.62%)	(5.24%)
Average Days of Receivables Full definition →	50.22	48.93	40.91	52.04	46.46	49.12	52.98	54.23	50.71	50.45
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 →	1.97%	2.35%	2.01%	1.64%	1.49%	1.71%	1.92%	1.79%	2.04%	1.89%
Intangible Assets out of Total Assets Full definition →	0.05	0.05	0.06	0.06	0.08	0.05	0.05	0.05	0.04	0.04
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 →	(3.54)	(3.62)	(2.49)	(1.40)	(1.42)	(1.57)	(1.75)	(2.29)	(3.05)	(3.12)
Graham Number Full definition →	19.04	24.22	7.89	0.00	0.00	3.57	8.93	18.62	0.00	0.00
Earnings Yield Full definition →	8.79%	18.57%	1.86%	(2.92%)	(2.51%)	0.34%	2.26%	12.59%	(16.18%)	(14.75%)
Free Cash Flow Yield Full definition →	(15.90%)	(51.07%)	(36.25%)	(9.78%)	(1.32%)	5.47%	0.46%	2.32%	4.55%	7.17%
Revenue per Share Full definition →	17.18	17.39	18.94	18.89	16.73	14.53	15.34	16.22	15.95	15.58
Operating CF per Share Full definition →	6.05	3.90	4.54	4.06	2.86	4.14	3.71	3.54	3.79	4.39
Capex per Share Full definition →	(8.33)	(10.47)	(11.55)	(6.81)	(3.18)	(2.86)	(3.62)	(3.20)	(3.30)	(3.55)
Free Cash Flow per Share Full definition →	(2.28)	(6.57)	(7.01)	(2.75)	(0.32)	1.29	0.09	0.34	0.50	0.84
Cash per Share Full definition →	3.16	2.89	3.28	3.95	2.22	2.59	2.66	2.79	2.50	3.11
Shareholders Equity per Share Full definition →	12.79	10.91	8.95	6.74	6.86	7.10	7.88	8.47	7.34	8.64
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 →	12.79	10.91	8.95	6.74	6.86	7.10	7.88	8.47	7.34	8.64
Free Cash Flow Full definition →	(1,623.00)	(4,640.00)	(4,690.00)	(1,836.00)	(214.00)	855.00	61.00	222.00	327.00	552.00
Working Capital Full definition →	(1,990.00)	(1,740.00)	(3,082.00)	1,152.00	624.00	52.00	135.00	616.00	370.00	1,139.00
Capital Expenditures Full definition →	(5,929.00)	(7,392.00)	(7,724.00)	(4,551.00)	(2,116.00)	(1,900.00)	(2,405.00)	(2,121.00)	(2,177.00)	(2,345.00)
Net Current Asset Value Full definition →	(36,161.00)	(32,871.00)	(32,165.00)	(26,216.00)	(23,040.00)	(24,469.00)	(23,188.00)	(21,902.00)	(21,869.00)	(24,008.00)
EV/EBIT Full definition →	201.38	40.34	361.78	6,605.91	0.00	48.97	28.93	12.48	33.07	132.80
Capex to Sales Full definition →	0.48	0.60	0.61	0.36	0.19	0.20	0.24	0.20	0.21	0.23
Price to Operating Income Full definition →	54.31	10.16	124.41	3,129.58	0.00	22.65	12.09	4.42	9.31	40.72
Other line items
Depreciation/Fixed assets Full definition →	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.06	0.06
Cash ROIC Full definition →	(3.93%)	(11.97%)	(13.38%)	(5.99%)	(0.86%)	3.25%	0.22%	0.83%	1.24%	2.03%
Accounts Receivable Turnover Full definition →	7.35	8.01	7.87	7.84	8.20	6.95	6.63	7.02	7.30	5.52
Accounts Payable Turnover Full definition →	5.52	5.17	5.17	6.99	7.30	5.65	5.94	6.05	6.18	5.62
Inventory Turnover Full definition →	16.63	15.27	11.50	12.14	15.83	14.70	14.74	14.33	13.62	12.22
Average Days of Payables Full definition →	72.11	60.59	78.97	62.71	49.92	60.56	61.04	59.42	62.05	57.21
Days of Inventory on Hand Full definition →	22.29	21.72	25.57	38.24	26.15	24.15	22.67	25.80	25.43	28.75
Average Receivables Full definition →	1,664.50	1,533.00	1,609.50	1,608.50	1,359.00	1,389.50	1,537.00	1,529.00	1,442.00	1,861.50
Average Payables Full definition →	1,817.00	1,926.50	1,964.50	1,441.50	1,154.50	1,233.50	1,320.00	1,350.00	1,304.50	1,404.50
Average Inventory Full definition →	602.50	652.50	883.50	829.50	532.50	474.00	532.00	569.50	592.00	646.50
Average Assets Full definition →	49,587.00	46,102.50	41,581.00	35,663.00	33,783.00	34,125.50	33,084.50	32,816.50	34,618.00	36,297.00
Average Common Equity Full definition →	8,404.50	6,425.50	4,406.50	3,697.50	4,224.50	4,974.50	5,416.50	5,224.50	5,272.50	5,935.50

Fold the line items

Columns are period end dates

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