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

The AES Corporation

AES Utilities Utilities Diversified

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%
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

The AES Corporation (AES) Debt to equity

Alert me on Debt to equity

The AES Corporation's debt to equity at the end of the quarter to 30 June 2026 was 3.3×, up 0.0× from fiscal 2025 (3.3×). Over the past ten years it has ranged from 3.3× (fiscal 2015) to 5.2× (fiscal 2022); the current reading is higher than 18% of that period. That is above the Utilities Diversified industry median of 1.2× and above the Utilities sector median of 1.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 3.3× (12.82%)
FY2024 3.8× (16.13%)
FY2023 4.5× (13.92%)
FY2022 5.2× 27.42%
FY2021 4.1× (2.79%)
FY2020 4.2× 9.18%
FY2019 3.9× 12.05%
FY2018 3.4× (16.44%)
FY2017 4.1× 20.74%
FY2016 3.4× 4.88%

Quarterly newest first

Period Debt to equity Change
Jun 2026 3.3× (0.81%)
Mar 2026 3.3× 0.90%
Dec 2025 3.3× (10.50%)
Sep 2025 3.7× (6.88%)
42 more quarters

Against its own ten years

Low 3.3× High 5.2×
Ten-year median 3.9×
Current reading's percentile 18

Debt to equity against peers

Company Debt to equity
SRE Sempra compare 0.9×
UTL Unitil Corporation compare 1.1×
AVA Avista Corporation compare 1.2×
BIP Brookfield Infrastructure Partners LP compare 1.9×
AES The AES Corporation 3.3×
ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR compare —
Utilities Diversified industry median 1.2×
Utilities sector median 1.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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