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AES AES CapEx

CapEx at other companies

Nextra Energy logo
Nextra EnergyNEE
$3.05B+30.1%
Duke Energy logo
Duke EnergyDUK
$3.28B+9.5%
Quanta Services logo
Quanta ServicesPWR
$220.09M+65.8%
Argan logo
ArganAGX
$2.43M+516%
Constellation Energy logo
Constellation EnergyCEG
CMS
CMS EnergyCMS

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$10.43B+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

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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 official record: AES’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 long-term assets like infrastructure and equipment.
How do you interpret capex?
High levels indicate significant investment in future growth or asset maintenance, while low levels may suggest reduced capital intensity or deferred maintenance.
How does capex compare across companies?
High capital intensity is standard for utility companies; peers are often compared based on the ratio of CapEx to revenue.