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) Free cash flow
The AES Corporation's free cash flow for fiscal 2025 was −$1.6B, compared with −$4.6B in fiscal 2024. Over the twelve months to 30 June 2026 it was −$1.7B. Over the past ten years it has ranged from −$4.7B (fiscal 2023) to $855.0M (fiscal 2020); the current reading is higher than 36% of that period. The AES Corporation ranks 4th of 5 Utilities Diversified companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | −$1.6B | — |
| FY2024 | −$4.6B | — |
| FY2023 | −$4.7B | — |
| FY2022 | −$1.8B | — |
| FY2021 | −$214.0M | — |
| FY2020 | $855.0M | 1,301.64% |
| FY2019 | $61.0M | (72.52%) |
| FY2018 | $222.0M | (32.11%) |
| FY2017 | $327.0M | (40.76%) |
| FY2016 | $552.0M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | −$597.0M | — |
| Mar 2026 | −$565.0M | — |
| Dec 2025 | −$47.0M | — |
| Sep 2025 | −$511.0M | — |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| UTL Unitil Corporation compare | −$45.5M |
| AVA Avista Corporation compare | −$104.0M |
| BIP Brookfield Infrastructure Partners LP compare | −$901.0M |
| AES The AES Corporation | −$1.7B |
| SRE Sempra compare | −$5.2B |
| ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR compare | — |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on AES
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- 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