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

The AES Corporation (AES) Net margin

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The AES Corporation's net margin over the twelve months to 30 September 2026 was 13.1%, up 5.8 percentage points from fiscal 2025 (7.36%). Over the past ten years it has ranged from −11.0% (fiscal 2017) to 13.7% (fiscal 2024); the current reading is higher than 82% of that period. That is in line with the Utilities Diversified industry median of 12.8% and above the Utilities sector median of 11.6%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 7.36% (6.31)
FY2024 13.7% 11.70
FY2023 1.97% 6.30
FY2022 −4.33% (0.66)
FY2021 −3.67% (4.15)
FY2020 0.48% (2.49)
FY2019 2.97% (8.24)
FY2018 11.2% 22.24
FY2017 −11.0% (0.04)
FY2016 −11.0% (13.71)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 14.1% 1.60
Jun 2026 12.5% (2.86)
Mar 2026 15.3% 4.83
Dec 2025 10.5% (8.44)
43 more quarters

Against its own ten years

Low −11.0% High 13.7%
Ten-year median 1.97%
Current reading's percentile 95

Net margin against peers

Company Net margin
SRE Sempra compare 22.5%
AES The AES Corporation 13.1%
AVA Avista Corporation compare 12.8%
UTL Unitil Corporation compare 9.06%
BIP Brookfield Infrastructure Partners LP compare 1.27%
ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR compare —
Utilities Diversified industry median 12.8%
Utilities sector median 11.6%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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