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) EV/FCF
As of 16 October 2026, The AES Corporation (AES) trades at a EV/FCF of −23.5×. Over the past ten years it has ranged from −2,941× (October 2021) to 3,306× (June 2016); the current reading is higher than 29% of that period.
EV/FCF, daily
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Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | −23.3× | — |
| FY2024 | −7.8× | — |
| FY2023 | −8.0× | — |
| FY2022 | −21.6× | — |
| FY2021 | −156× | — |
| FY2020 | 39.5× | (92.38%) |
| FY2019 | 518× | 325.94% |
| FY2018 | 122× | 56.08% |
| FY2017 | 78.0× | 71.50% |
| FY2016 | 45.5× | — |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Jun 2026 | −23.4× | — |
| Mar 2026 | −26.2× | — |
| Dec 2025 | −23.3× | — |
| Sep 2025 | −17.1× | — |
| 42 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| BIP Brookfield Infrastructure Partners LP compare | −79.7× |
| AVA Avista Corporation compare | −60.4× |
| UTL Unitil Corporation compare | −36.9× |
| AES The AES Corporation | −23.5× |
| SRE Sempra compare | −17.4× |
| ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR compare | — |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
More on AES
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- 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
- 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