AES
The AES Corporation
NYSE: AES · UTILITIES · UTILITIES - DIVERSIFIED
$14.45
-0.21% today
Updated 2026-04-29
Market cap
$10.30B
P/E ratio
11.03
P/S ratio
0.84x
EPS (TTM)
$1.31
Dividend yield
4.86%
52W range
$9 – $18
Volume
14.0M
The AES Corporation (AES) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.30B | $13.59B | $16.07B | $13.93B | $16.57B | $17.34B | $18.13B | $15.88B | $17.11B | $14.11B | $10.17B | $10.51B | $10.74B | $10.19B | $9.66B | $11.14B | $12.62B | $12.68B | $12.28B | $12.23B |
| Revenue growth (YoY) | — | +10.5% | +18.3% | -13.3% | +18.9% | +4.7% | +4.5% | -12.4% | +7.7% | -17.5% | -27.9% | +3.3% | +2.3% | -5.1% | -5.2% | +15.3% | +13.2% | +0.5% | -3.1% | -0.4% |
| Cost of revenue | $7.23B | $10.18B | $12.36B | $10.59B | $12.68B | $13.12B | $14.42B | $12.64B | $13.14B | $8.60B | $7.90B | $8.04B | $8.16B | $7.84B | $6.97B | $8.43B | $10.07B | $10.16B | $9.96B | $10.02B |
| Gross profit | $12.30B | $3.41B | $3.71B | $3.35B | $3.89B | $4.22B | $3.71B | $3.24B | $3.07B | $2.80B | $2.33B | $2.45B | $2.58B | $2.36B | $2.69B | $2.71B | $2.55B | $2.52B | $2.32B | $2.21B |
| Gross margin | 100.0% | 25.1% | 23.1% | 24.0% | 23.5% | 24.3% | 20.5% | 20.4% | 17.9% | 19.8% | 22.9% | 23.3% | 24.0% | 23.2% | 27.9% | 24.3% | 20.2% | 19.8% | 18.9% | 18.1% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| SG&A | $305.00M | $305.00M | $371.00M | $345.00M | $391.00M | $346.00M | $274.00M | $220.00M | $187.00M | $196.00M | $194.00M | $215.00M | $192.00M | $196.00M | $165.00M | $166.00M | $207.00M | $255.00M | $288.00M | $241.00M |
| Operating income | $3.10B | $3.03B | $3.34B | $3.00B | $3.50B | $3.83B | $3.41B | $3.02B | $2.88B | $2.60B | $2.13B | $2.24B | $2.39B | $2.17B | $2.53B | $2.55B | $2.34B | $2.26B | $2.03B | $1.97B |
| Operating margin | 25.2% | 22.3% | 20.8% | 21.5% | 21.1% | 22.1% | 18.8% | 19.0% | 16.8% | 18.5% | 21.0% | 21.3% | 22.2% | 21.3% | 26.2% | 22.9% | 18.6% | 17.8% | 16.5% | 16.1% |
| EBITDA | $4.47B | $4.34B | $5.60B | $4.78B | $3.63B | $4.91B | $3.13B | $3.69B | $4.15B | $3.53B | $2.39B | $3.03B | $4.03B | $3.07B | $2.53B | $818.00M | $1.94B | $2.53B | $3.67B | $2.94B |
| EBITDA margin | 36.3% | 32.0% | 34.8% | 34.3% | 21.9% | 28.3% | 17.3% | 23.2% | 24.2% | 25.0% | 23.5% | 28.9% | 37.5% | 30.1% | 26.2% | 7.3% | 15.4% | 20.0% | 29.9% | 24.0% |
| EBIT | $3.53B | $3.40B | $4.59B | $3.73B | $2.45B | $3.64B | $1.73B | $2.39B | $2.90B | $2.39B | $1.21B | $1.86B | $3.02B | $2.02B | $1.47B | $-238.00M | $890.00M | $1.41B | $2.41B | $1.48B |
| Interest expense | $1.80B | $1.79B | $1.84B | $1.39B | $1.41B | $1.46B | $1.42B | $1.34B | $1.33B | $1.23B | $1.03B | $1.09B | $1.01B | $1.02B | $978.00M | $826.00M | $1.06B | $1.30B | $1.52B | $1.42B |
| Income tax | $403.00M | $679.00M | $771.00M | $599.00M | $593.00M | $656.00M | $685.00M | $343.00M | $371.00M | $412.00M | $32.00M | $990.00M | $708.00M | $352.00M | $216.00M | $-133.00M | $265.00M | $261.00M | $59.00M | — |
| Effective tax rate | 60.7% | 54.5% | 38.6% | 42.6% | 110.2% | 104.5% | -281.9% | 56.3% | 31.0% | 57.4% | 152.4% | 225.0% | 41.4% | 53.8% | 83.4% | 24.4% | -94.3% | 51.9% | 3.4% | 0.0% |
| Net income | $261.00M | $566.00M | $1.23B | $808.00M | $-55.00M | $-28.00M | $-928.00M | $266.00M | $825.00M | $306.00M | $-11.00M | $-550.00M | $1.00B | $302.00M | $43.00M | $-413.00M | $-546.00M | $242.00M | $1.69B | $949.00M |
| Net income growth (YoY) | — | +116.9% | +117.0% | -34.2% | -106.8% | +49.1% | -3214.3% | +128.7% | +210.2% | -62.9% | -103.6% | -4900.0% | +282.5% | -69.9% | -85.8% | -1060.5% | -32.2% | +144.3% | +596.7% | -43.7% |
| Profit margin | 2.1% | 4.2% | 7.6% | 5.8% | -0.3% | -0.2% | -5.1% | 1.7% | 4.8% | 2.2% | -0.1% | -5.2% | 9.3% | 3.0% | 0.4% | -3.7% | -4.3% | 1.9% | 13.7% | 7.8% |