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) Return on invested capital

Alert me on Return on invested capital

The AES Corporation's return on invested capital over the twelve months to 30 September 2026 was 1.51%, up 1.2 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 3.71% and below the Utilities sector median of 3.92%.

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

Low −3.05% High 5.87%
Ten-year median 1.61%
Current reading's percentile 36

Return on invested capital against peers

Company Return on invested capital
UTL Unitil Corporation compare 5.14%
BIP Brookfield Infrastructure Partners LP compare 4.24%
AVA Avista Corporation compare 3.71%
AES The AES Corporation 1.51%
SRE Sempra compare 0.00%
ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR compare —
Utilities Diversified industry median 3.71%
Utilities sector median 3.92%
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)

The full definition of Return on invested capital →

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