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.
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The AES Corporation (AES) EBITDA
The AES Corporation's EBITDA for fiscal 2025 was $1.6B, down 23.8% from $2.2B in fiscal 2024. Over the twelve months to 30 June 2026 it was $2.5B. Over the past ten years it has ranged from −$8.0M (fiscal 2021) to $3.2B (fiscal 2018); the current reading is higher than 45% of that period. The AES Corporation ranks 3rd of 5 Utilities Diversified companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $1.6B | (23.77%) |
| FY2024 | $2.2B | 72.50% |
| FY2023 | $1.3B | 16.05% |
| FY2022 | $1.1B | — |
| FY2021 | −$8.0M | — |
| FY2020 | $1.8B | (17.77%) |
| FY2019 | $2.1B | (32.51%) |
| FY2018 | $3.2B | 63.30% |
| FY2017 | $1.9B | 42.12% |
| FY2016 | $1.4B | (36.01%) |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Jun 2026 | $883.0M | 30.81% |
| Mar 2026 | $675.0M | 232.51% |
| Dec 2025 | $203.0M | (71.96%) |
| Sep 2025 | $724.0M | 79.65% |
| 42 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| BIP Brookfield Infrastructure Partners LP compare | $10.5B |
| SRE Sempra compare | $5.3B |
| AES The AES Corporation | $2.5B |
| AVA Avista Corporation compare | $643.0M |
| UTL Unitil Corporation compare | $205.7M |
| ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR compare | — |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
More on AES
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement