What is AES's renewables — goodwill?

AES (AES) reported renewables — goodwill of $315M in Q4 2025.

What does renewables — goodwill mean?

Represents the intangible asset value recorded when the Renewables segment acquires other businesses for a price exceeding the fair market value of their net identifiable assets. This reflects the premium paid for synergies, brand reputation, and market positioning within the renewable energy sector.

AES (AES) Renewables — Goodwill

Screener

Other segment segments

Energy Infrastructure

$27M0.0%

New Energy Technologies

$0—

Utilities

$0—

Similar metrics at other companies

CLMTMontana Renewables — Goodwill

$0—

ENBRenewable Power Generation — Goodwill

$395M-4.6%

GEVORenewable Natural Gas Segment — Goodwill

$0—

VREXIndustrial — Goodwill

$118.2M—

VREXMedical — Goodwill

$173.5M—

DCGOCorporate — Goodwill

$0—

Other financials

Income statement

See full

Revenue$3.2B+8.7%

Gross profit$640.0M+45.1%

Net income$487.0M+959%

EPS (diluted)$0.68+871%

Balance sheet

See full

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

See full

Operating cash flow$1.2B+120%

CapEx$1.8B+40.8%

Free cash flow-$565.0M+20.3%

Valuation

See full

Market cap$10.49B+14.7%

P/E7.8×-2.2×

P/S0.8×+0.1×

Profitability

See full

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 source filing: AES’s 10-K, filed March 2, 2026.

Filed: Mar 2, 2026, 4:19 PM EST
Fiscal year: FY2025
Accession: 0000874761-26-000063

Balance as of December 31, 2024	Renewables SBU	Utilities SBU	Energy Infrastructure SBU	New Energy Technologies SBU	Total
Goodwill	$353	$2,709	$683	—	$3,745
Accumulated impairment losses	(35)	(2,709)	(656)	—	(3,400)
Net balance	318	—	27	—	345
Goodwill derecognized during the year	(3)	—	—	—	(3)
Balance as of December 31, 2025
Goodwill	350	2,709	683	—	3,742
Accumulated impairment losses	(35)	(2,709)	(656)	—	(3,400)
Net balance	$315	—	$27	—	$342

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is AES's renewables — goodwill?: AES (AES) reported renewables — goodwill of $315M in Q4 2025.
What does renewables — goodwill mean?: Represents the intangible asset value recorded when the Renewables segment acquires other businesses for a price exceeding the fair market value of their net identifiable assets. This reflects the premium paid for synergies, brand reputation, and market positioning within the renewable energy sector.