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AES AES Free cash flow yield

Free cash flow yield at other companies

Nextra Energy logo
Nextra EnergyNEE
1.5%-1.8pp
Duke Energy logo
Duke EnergyDUK
-0.6%
Quanta Services logo
Quanta ServicesPWR
2%-1.8pp
Argan logo
ArganAGX
5.2%-3.6pp
CMS
CMS EnergyCMS
4.7%-2.5pp
Entergy logo
EntergyETR
-22.1%+37.2pp

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

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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 yield?
AES (AES) reported free cash flow yield of -14.7% in Q1 2026.
How has AES's free cash flow yield changed year-over-year?
AES's free cash flow yield increased by 62.7% year-over-year, from -39.4% to -14.7%.
What is the long-term trend for AES's free cash flow yield?
Over 4 years (2020 to 2025), AES's free cash flow yield has grown at a 30.6% compound annual growth rate (CAGR), from 5.5% to -15.9%.
What does free cash flow yield mean?
The spendable cash the business throws off each year as a percentage of its market price.
How do you interpret free cash flow yield?
Higher yield can mean better value — you pay less for each dollar of cash generated. A useful sanity check against earnings-based multiples, which non-cash items can distort.
How does free cash flow yield compare across companies?
Comparable across cash-generative companies; less meaningful for firms in heavy-investment phases with temporarily negative FCF.