The AES Corporation
NYSE•AES
CEO: Mr. Andres Ricardo Gluski Weilert Ph.D.
Sector: Utilities
Industry: Diversified Utilities
Listing Date: 1991-06-26
The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market. It uses various fuels and technologies to generate electricity, such as coal, gas, hydro, wind, solar, and biomass, as well as renewables comprising energy storage and landfill gas. The company owns and/or operates a generation portfolio of approximately 34,596 megawatts and distributes power to 2.6 million customers. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was incorporated in 1981 and is headquartered in Arlington, Virginia.
Contact Information
Market Cap
$10.13B
P/E (TTM)
11.3
25.4
Dividend Yield
4.9%
52W High
$17.65
52W Low
$9.46
52W Range
Rank50Top 68.9%
3.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$3.10B+0.00%
4-Quarter Trend
EPS
-$0.09+0.00%
4-Quarter Trend
FCF
-$47.00M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Utilities Revenue Increased 14% Utilities SBU revenue grew 14% to $4.12B USD, driven by higher rates and favorable weather demand.
Renewables Margin Grew 26% Renewables SBU Operating Margin increased 26% to $503M USD, boosted by U.S. development services.
Operating Cash Flow Surged Net cash provided by operating activities increased 56% to $4.31B USD, showing strong liquidity generation.
Renewable Backlog Reached 12.0 GW Signed 4.0 GW of new long-term PPAs in 2025, bringing total contracted backlog to 12.0 GW.
Risk Factors
Global Economic Uncertainty Risks Global economy faces considerable uncertainty, increasing risks impacting electricity demand in key operating markets.
Wholesale Price Volatility Exposure Generation businesses face exposure to rising and falling wholesale electricity prices reflecting variable fuel costs.
Subsidiary Debt Default Triggers Subsidiary defaults could trigger cross-default provisions in Parent Company debt agreements, impacting liquidity.
Cyber Attacks Threaten Operations Reliance on electronic systems exposes infrastructure to cyber-attacks, potentially interrupting operations and causing damage.
Outlook
Focus on Data Center Partnerships Strategy focuses on partnering with large corporations, especially data centers, for customized renewable energy solutions.
U.S. Utilities Rate Base Growth AES Indiana and AES Ohio project double-digit rate base growth through 2027 based on necessary infrastructure investments.
New Energy Tech Advancements New Energy Technologies advancing Maximo AI robot for solar installation efficiency and growing Fluence storage pipeline.
Continued Renewable Project Execution Completed 3.2 GW of solar, wind, and storage construction in 2025, supporting future contracted growth targets.
Peer Comparison
Revenue (TTM)
$12.23B
$7.61B
$5.34B
Gross Margin (Latest Quarter)
41.9%
41.2%
36.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| PNW | $12.18B | 19.8 | 8.9% | 56.3% |
| WTRG | $11.20B | 18.2 | 9.2% | 41.9% |
| AES | $10.13B | 11.3 | 20.4% | 58.6% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.0%
Moderate Growth
4Q Net Income CAGR
91.3%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Mar 31, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data