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Friday 6 November 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.

Revenue
+15.6%
EPS
−17.0%
Free cash flow
+39.9%
Total debt
+7.83%

Quarter to September 2026, against a year earlier

14.90 0.00 0.00%
Market cap
$10.6B
P/E
6.0×
Fwd P/E
7.3×
Dividend yield
4.72%
F-score
4/9
Altman Z
0.36
Beneish M
−2.80
Dividend safety
16/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

The AES Corporation (AES) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, The AES Corporation (AES) trades at a EV/EBITDA of 15.4×. Over the past ten years it has ranged from 0.0× (March 2022) to 177× (September 2022); the current reading is higher than 38% of that period. That is above the Utilities Diversified industry median of 10.5× and above the Utilities sector median of 12.3×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 23.0× 37.72%
FY2024 16.7× (44.43%)
FY2023 30.1× (18.20%)
FY2022 36.8× —
FY2021 0.0× —
FY2020 19.2× 29.95%
FY2019 14.8× 73.42%
FY2018 8.5× (35.11%)
FY2017 13.1× (28.52%)
FY2016 18.4× 59.21%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 15.4× (4.74%)
Jun 2026 16.2× (16.42%)
Mar 2026 19.3× (15.93%)
Dec 2025 23.0× 17.54%
43 more quarters

Against its own ten years

Low 0.0× High 177×
Ten-year median 16.6×
Current reading's percentile 38

EV/EBITDA against peers

Company EV/EBITDA
BIP Brookfield Infrastructure Partners LP compare 6.9×
UTL Unitil Corporation compare 8.4×
AVA Avista Corporation compare 10.5×
AES The AES Corporation 15.4×
SRE Sempra compare 16.9×
ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR compare —
Utilities Diversified industry median 10.5×
Utilities sector median 12.3×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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