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) Return on invested capital
The AES Corporation's return on invested capital over the twelve months to 30 June 2026 was 1.35%, up 1.0 percentage points from fiscal 2025 (0.32%). Over the past ten years it has ranged from −3.05% (fiscal 2021) to 5.87% (fiscal 2018); the current reading is higher than 36% of that period. That is below the Utilities Diversified industry median of 3.72% and below the Utilities sector median of 3.63%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 0.32% | (1.29) |
| FY2024 | 1.61% | 1.40 |
| FY2023 | 0.21% | 0.20 |
| FY2022 | 0.01% | 3.06 |
| FY2021 | −3.05% | (4.93) |
| FY2020 | 1.88% | (1.01) |
| FY2019 | 2.89% | (2.98) |
| FY2018 | 5.87% | 3.79 |
| FY2017 | 2.08% | 1.57 |
| FY2016 | 0.51% | (2.04) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| UTL Unitil Corporation compare | 5.21% |
| BIP Brookfield Infrastructure Partners LP compare | 4.24% |
| AVA Avista Corporation compare | 3.72% |
| SRE Sempra compare | 2.29% |
| AES The AES Corporation | 1.35% |
| ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR compare | — |
| Utilities Diversified industry median | 3.72% |
| Utilities sector median | 3.63% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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
- EV/FCF
- Return on equity
- Return on assets
- 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