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) Net margin
The AES Corporation's net margin over the twelve months to 30 June 2026 was 14.3%, up 7.0 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 above the Utilities Diversified industry median of 11.8% and above the Utilities sector median of 11.5%.
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) |
|---|---|---|
| Jun 2026 | 12.5% | (2.86) |
| Mar 2026 | 15.3% | 4.99 |
| Dec 2025 | 10.3% | (8.75) |
| Sep 2025 | 19.1% | 22.75 |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| SRE Sempra compare | 16.7% |
| AES The AES Corporation | 14.3% |
| AVA Avista Corporation compare | 11.8% |
| UTL Unitil Corporation compare | 9.44% |
| BIP Brookfield Infrastructure Partners LP compare | 1.27% |
| ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR compare | — |
| Utilities Diversified industry median | 11.8% |
| Utilities sector median | 11.5% |
| Market median | 0.45% |
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
More on AES
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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