What is AES's energy infrastructure — goodwill?

AES (AES) reported energy infrastructure — goodwill of $27M in Q4 2025.

What does energy infrastructure — goodwill mean?

The value of intangible assets like brand reputation and market position acquired in the Energy Infrastructure segment.

How do you interpret energy infrastructure — goodwill?

An increase suggests recent acquisitions, while a decrease may indicate impairment or divestiture.

How does energy infrastructure — goodwill compare across companies?

Common across capital-intensive utility and energy firms that grow through M&A.

AES AES Energy Infrastructure — Goodwill

Other segment segments

Renewables

$315M-0.9%

New Energy Technologies

$0—

Utilities

$0—

Similar metrics at other companies

CNP

CNPEnergy Services — Goodwill

$62M-43.6%

CNP

CNPInfrastructure Services — Goodwill

$220M—

IES

IESCInfrastructure Solutions — Goodwill

$65.48M+59.6%

DOVEnergy — Goodwill

$1.05B+0.7%

CNP

CNPElectric — Goodwill

$936M0.0%

JInfrastructure & Advanced Facilities — Goodwill

$3.35B0.0%

Other financials

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 debt$1.2B+17.8%

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

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Market cap$10.43B+13.6%

P/E7.7×+0.6×

P/S0.8×+0.1×

Profitability

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Gross margin19.3%+1.7pp

Net margin10.8%+0.2pp

FCF margin-11.8%-4.4pp

Returns & leverage

See full

Return on equity34.3%-6.4pp

Debt / equity0.3×0.0×

Current ratio0.7×-0.1×

Where this comes from

Reported directly by AES in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: AES’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AES's energy infrastructure — goodwill?: AES (AES) reported energy infrastructure — goodwill of $27M in Q4 2025.
What does energy infrastructure — goodwill mean?: The value of intangible assets like brand reputation and market position acquired in the Energy Infrastructure segment.
How do you interpret energy infrastructure — goodwill?: An increase suggests recent acquisitions, while a decrease may indicate impairment or divestiture.
How does energy infrastructure — goodwill compare across companies?: Common across capital-intensive utility and energy firms that grow through M&A.