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AES

AES

AES Corporation is a global energy company focused on accelerating the transition to sustainable power through a diversified portfolio of generation and utility assets.

Market cap
$10.58B+13.6%
Revenue$12.5B+3.0%
Net income$1.4B+4.5%
Free cash flow-$1.5B+57.6%
EPS (diluted)$1.87+2.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$3.1B
EPS estimate$0.45

Financials

Q1 2026

Income statement

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Revenue$3.2B+8.7%
Gross profit$640.0M+45.1%
Net income$487.0M+959%
EPS (diluted)$0.68+871%

Balance sheet

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Cash & equivalents$2.3B-9.6%
Total equity$4.4B+27.5%
Total assets$52.8B+8.6%

Cash flow

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Operating cash flow$1.2B+120%
CapEx$1.8B+40.8%
Free cash flow-$565.0M+20.3%

Valuation & ratios

Valuation

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Market cap$10.58B+13.6%
P/E7.8×-2.6×
P/S0.9×0.0×

Profitability

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Gross margin19.3%+1.7pp
Net margin10.8%+0.2pp
FCF margin-11.8%-4.4pp

Returns & leverage

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Return on equity34.3%-6.4pp
Current ratio0.7×-0.1×

Segments

By segment

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Energy Infrastructure$1.3B-4.8%
Utilities$1.1B+12.6%
New Energy Technologies-
Corporate Other And Other Eliminations-$32.0M+53.6%

Competitors

Profile

AES Corporation is a global energy company focused on accelerating the transition to sustainable power through a diversified portfolio of generation and utility assets. The company partners with large corporations and governments to deliver renewable energy, energy storage, and traditional thermal power while operating regulated utilities that provide essential electricity services. AES is a leading global seller of renewable energy to corporate customers, particularly supporting the high-power demands of data centers and industrial operations.

Competitive position

AES is a leading global provider of renewable energy to corporate customers and a pioneer in battery energy storage through its Fluence joint venture. It maintains a significant competitive advantage in the U.S. data center power market due to its large development pipeline and existing utility infrastructure.

GeographiesUnited States, Chile, Colombia, Argentina, Panama, Dominican Republic, Mexico, Bulgaria, Vietnam, Jordan, El Salvador
Customer segmentsB2B, B2G, B2C
Business modelRegulated Utility, Long-term PPA, Build-Operate-Transfer (BOT), SaaS, Asset-heavy
SuppliersSolar panel and wind turbine manufacturers, Battery cell suppliers, Natural gas and coal producers, LNG suppliers, Construction and EPC contractors
CustomersResidential and commercial retail customers, Hyperscale technology companies, State-owned national power grids, Industrial mining operations, Wholesale power marketers
Listed1991
Employees9.6K
CEOAndres Ricardo Gluski Weilert
SectorUtilities
Websiteaes.com
FilingsSEC EDGAR

Questions, answered.

What is AES's market cap?
AES (AES) has a market capitalization of $10.6B and trades on NYSE.
What is AES's revenue and profitability?
AES generated $12.5B in trailing twelve-month revenue with net income of $1.4B, representing a net margin of 10.8%. Gross margin stands at 19.3%, with free cash flow of -$1.5B. These figures are based on the Q1 2026 filing.
Who are AES's competitors?
AES's key competitors include Duke Energy, NextEra Energy, Constellation Energy Corporation Common Stock, and others. These companies compete in similar markets and product categories.
Who does AES partner with?
AES's notable partners include Amazon, Microsoft, Google, and others.
What subsidiaries does AES have?
AES's subsidiaries include AES Indiana, AES Ohio, Fluence Energy, Inc., and others.
Where is AES headquartered?
AES is headquartered in United States of America and employs approximately 9,600 people. It has been publicly traded since 1991.