AES Corporation (AES) Financial Statements
Historical financial data — 42 statements covering FY2018–FY2025
AES is a global power company that operates in 15 countries. Its generation portfolio totals over 32 gigawatts, including renewable energy, gas, coal, and oil. AES has majority ownership in and ope...
AES Corporation's revenue decreased 0.4% year over year, from $12.28B to $12.23B.
Net income decreased 45.8% over the same period, from $1.68B to $910.0M.
Over the 7-year period from FY2018 to FY2025, revenue grew by 14% in total.
Total debt remained relatively stable at $31.35B.
The debt-to-equity ratio stands at 7.72, indicating a high leverage profile.
Operating cash flow grew 56.5% to $4.31B.
AES Corporation maintains a moderate net profit margin of 7.4%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $3.29B+11.8% | $502.0M | $722.0M | $722.0M | $985.0M | $50.08B | $31.82B | $3.29B |
| Q4 FY2024 | $2.96B-9.9% | $560.0M | $420.0M | $420.0M | $1.09B | $47.41B | $30.19B | $3.64B |
| Q1 FY2025 | $2.93B-1.2% | $46.0M | $441.0M | $441.0M | $545.0M | $48.62B | $30.58B | $3.47B |
| Q2 FY2025 | $2.85B-2.4% | $-95.0M | $453.0M | $453.0M | $976.0M | $48.54B | $30.27B | $3.37B |
| Q3 FY2025 | $3.35B+17.4% | $639.0M | $735.0M | $735.0M | $1.30B | $50.78B | $30.85B | $3.87B |
| Q4 FY2025 | $3.10B-7.5% | $320.0M | $582.0M | $582.0M | $1.49B | $51.77B | $31.35B | $4.06B |
| Q1 FY2026 | $3.18B+2.5% | $487.0M | $640.0M | $640.0M | $1.20B | $52.82B | $31.80B | $12.25B |
| Q2 FY2026 | $3.42B+7.6% | $426.0M | $692.0M | $692.0M | $1.05B | $54.24B | $32.94B | $12.82B |
Balance Sheet Summary (Q2 FY2026)
AES Corporation (AES) Financial Statements & Revenue History
AES Corporation (AES) is a US-listed stock operating in the Utilities sector, specifically the Cogeneration Services & Small Power Producers industry trading at $14.93 with a market capitalization of $11. This page provides 42 historical financial statements for AES Corporation, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, AES Corporation reported revenue of $12.2 billion, a 0.4% decline from the prior year. The net profit margin of 7.4% indicates moderate profitability. The debt-to-equity ratio of 7.72 signals high leverage.
AES Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows AES Corporation's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether AES is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track AES's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently AES Corporation converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of AES's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use AES Financial Data
Investors use AES Corporation's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare AES's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how AES's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View AES's financial health score, earnings, and pre-market pricing.
Financial data is sourced from AES Corporation's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.AES trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.