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AES AES CapEx

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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%
Free cash flow-$565.0M+20.3%

Valuation

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Market cap$10.49B+14.7%
P/E7.8×-2.2×
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

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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:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: AES’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000874761-26-000120
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Increase (decrease) in other liabilities1325
Net cash provided by operating activities1,201545
INVESTING ACTIVITIES:
Capital expenditures(1,766)(1,254)
Acquisitions of business interests, net of cash and restricted cash acquired(4)
Proceeds from the sale of business interests, net of cash and restricted cash sold5
Sale of short-term investments12633
Purchase of short-term investments(18)

Item 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is AES's capex?
AES (AES) reported capex of $1.77B in Q1 2026.
How has AES's capex changed year-over-year?
AES's capex increased by 40.8% year-over-year, from $1.25B to $1.77B.
What is the long-term trend for AES's capex?
Over 4 years (2021 to 2025), AES's capex has grown at a 29.4% compound annual growth rate (CAGR), from $2.12B to $5.93B.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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