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) Operating margin
The AES Corporation's operating margin over the twelve months to 30 June 2026 was 6.53%, up 5.0 percentage points from fiscal 2025 (1.54%). Over the past ten years it has ranged from −9.55% (fiscal 2021) to 20.2% (fiscal 2018); the current reading is higher than 36% of that period. That is below the Utilities Diversified industry median of 18.9% and below the Utilities sector median of 18.8%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 1.54% | (5.74) |
| FY2024 | 7.28% | 6.46 |
| FY2023 | 0.82% | 0.77 |
| FY2022 | 0.05% | 9.60 |
| FY2021 | −9.55% | (16.69) |
| FY2020 | 7.14% | (3.59) |
| FY2019 | 10.7% | (9.44) |
| FY2018 | 20.2% | 12.85 |
| FY2017 | 7.32% | 5.48 |
| FY2016 | 1.84% | (6.94) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 13.1% | 5.51 |
| Mar 2026 | 7.61% | 14.00 |
| Dec 2025 | −6.39% | (17.10) |
| Sep 2025 | 10.7% | 8.99 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| BIP Brookfield Infrastructure Partners LP compare | 24.8% |
| SRE Sempra compare | 20.7% |
| UTL Unitil Corporation compare | 18.9% |
| AVA Avista Corporation compare | 18.8% |
| AES The AES Corporation | 6.53% |
| ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR compare | — |
| Utilities Diversified industry median | 18.9% |
| Utilities sector median | 18.8% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on AES
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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