What is AES's free cash flow?

AES (AES) reported free cash flow of -$565M in Q1 2026.

How has AES's free cash flow changed year-over-year?

AES's free cash flow increased by 20.3% year-over-year, from -$709M to -$565M.

What is the long-term trend for AES's free cash flow?

Over 3 years (2022 to 2025), AES's free cash flow has grown at a -4.0% compound annual growth rate (CAGR), from -$1.84B to -$1.62B.

AES AES Free cash flow

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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

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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%

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.

$1.2Bnet cash from operating−$1.8Bcapital expenditures=-$565M

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?: AES (AES) reported free cash flow of -$565M in Q1 2026.
How has AES's free cash flow changed year-over-year?: AES's free cash flow increased by 20.3% year-over-year, from -$709M to -$565M.
What is the long-term trend for AES's free cash flow?: Over 3 years (2022 to 2025), AES's free cash flow has grown at a -4.0% compound annual growth rate (CAGR), from -$1.84B to -$1.62B.