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AES AES Free cash flow margin

Free cash flow margin at other companies

Nextra Energy logo
Nextra EnergyNEE
10.5%-8.7pp
Duke Energy logo
Duke EnergyDUK
-1.8%
Quanta Services logo
Quanta ServicesPWR
5.6%-0.2pp
Argan logo
ArganAGX
46.7%+27.1pp
CMS
CMS EnergyCMS
12.8%-8.1pp
Entergy logo
EntergyETR
-20.9%+3,135pp

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

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

Calculated from AES’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
AES (AES) reported free cash flow margin of -11.8% in Q1 2026.
How has AES's free cash flow margin changed year-over-year?
AES's free cash flow margin increased by 58.8% year-over-year, from -28.8% to -11.8%.
What is the long-term trend for AES's free cash flow margin?
Over 4 years (2020 to 2025), AES's free cash flow margin has grown at a 10.6% compound annual growth rate (CAGR), from 8.9% to -13.3%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.