15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $12.2B | $910M | 18.1% | 0.0% | 22.4% | 1.8% | -$1.6B | — | $1.4B |
| 2024 | $12.3B | $1.7B | 18.8% | 0.0% | 46.1% | 3.5% | -$4.6B | — | $1.5B |
| 2023 | $12.7B | $249M | 19.8% | 0.0% | 10.0% | 0.6% | -$4.7B | — | $1.4B |
| 2022 | $12.6B | -$546M | 20.2% | 0.0% | -22.4% | -1.4% | -$1.8B | — | $1.4B |
| 2021 | $11.1B | -$409M | 24.3% | 0.0% | -14.6% | -1.2% | -$214M | — | $943M |
| 2020 | $9.7B | $46M | 27.9% | 0.0% | 1.7% | 0.1% | $855M | — | $1.1B |
| 2019 | $10.2B | $303M | 23.1% | 0.0% | 10.1% | 0.9% | $61M | — | $1.0B |
| 2018 | $10.7B | $1.2B | 24.0% | 0.0% | 37.5% | 3.7% | $222M | — | $1.2B |
| 2017 | $10.5B | -$1.2B | 23.4% | 0.0% | -47.1% | -3.5% | $327M | — | $949M |
| 2016 | $10.3B | -$1.1B | 23.2% | 0.0% | -40.4% | -3.1% | $552M | — | $1.2B |
| 2015 | $11.3B | $306M | 23.7% | 0.0% | 9.7% | 0.8% | -$174M | — | $1.2B |
| 2014 | $16.1B | $769M | 18.5% | 0.0% | 18.0% | 2.0% | -$225M | — | $1.5B |
| 2013 | $15.9B | $114M | 20.4% | 0.0% | 2.6% | 0.3% | $727M | — | $1.6B |
| 2012 | $17.2B | -$912M | 20.9% | 0.0% | -20.0% | -2.2% | $793M | — | $1.9B |
| 2011 | $16.1B | $58M | 25.1% | 0.0% | 1.0% | 0.1% | $454M | — | $1.6B |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $3.4B | $426M | 20.2% | 0.0% | 8.6% | 0.8% | -$597M | — | $1.8B |
| Mar '26 | $3.2B | $487M | 20.1% | 0.0% | 11.0% | 0.9% | -$565M | — | $1.6B |
| Dec '25 | $3.1B | $320M | 18.8% | 0.0% | 7.9% | 0.6% | -$47M | — | $1.4B |
| Sep '25 | $3.4B | $639M | 21.9% | 0.0% | 16.5% | 1.3% | -$511M | — | $1.8B |
| Jun '25 | $2.9B | -$95M | 15.9% | 0.0% | -2.8% | -0.2% | -$356M | — | $1.4B |
| Mar '25 | $2.9B | $46M | 15.1% | 0.0% | 1.3% | 0.1% | -$709M | — | $1.8B |
| Dec '24 | $3.0B | $467M | 14.2% | 0.0% | 12.8% | 1.0% | -$639M | — | $1.5B |
| Sep '24 | $3.3B | $504M | 22.0% | 0.0% | 14.9% | 1.0% | -$847M | — | $1.9B |
| Jun '24 | $2.9B | $276M | 18.8% | 0.0% | 8.7% | 0.6% | -$1.3B | — | $1.8B |
| Mar '24 | $3.1B | $432M | 20.1% | 0.0% | 14.9% | 0.9% | -$1.9B | — | $2.0B |
| Dec '23 | $3.0B | -$94M | 16.6% | 0.0% | -3.8% | -0.2% | -$1.7B | — | $1.4B |
| Sep '23 | $3.4B | $231M | 26.7% | 0.0% | 8.3% | 0.5% | -$777M | — | $1.8B |
| Jun '23 | $3.0B | -$39M | 16.5% | 0.0% | -1.6% | -0.1% | -$1.3B | — | $1.3B |
| Mar '23 | $3.2B | $151M | 18.3% | 0.0% | 6.4% | 0.4% | -$926M | — | $1.4B |
| Dec '22 | $3.1B | -$903M | 18.4% | 0.0% | -37.1% | -2.4% | -$774M | — | $1.4B |
| Sep '22 | $3.6B | $421M | 24.6% | 0.0% | 12.3% | 1.1% | -$268M | — | $1.6B |
| Jun '22 | $3.1B | -$179M | 18.3% | 0.0% | -6.0% | -0.5% | -$485M | — | $1.1B |
| Mar '22 | $2.9B | $115M | 18.6% | 0.0% | 3.8% | 0.3% | -$309M | — | $1.1B |
| Dec '21 | $2.8B | -$632M | 20.2% | 0.0% | -22.6% | -1.9% | -$59M | — | $943M |
| Sep '21 | $3.0B | $343M | 25.0% | 0.0% | 9.9% | 1.0% | $240M | — | $1.4B |
How the market has priced AES against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, AES Corporation's revenue has grown 4.8% per year, and net income grown 81.7% per year. These are computed facts, not advice.
As of FY2025, AES Corporation reported — of total debt against $1.4B of cash.
In FY2025, gross margin was 18.1%, operating margin —, and net margin 7.4%.
As of Sep '26, AES Corporation traded at a price-to-earnings ratio of about 11.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.