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AES AES Gross margin

Gross margin at other companies

Quanta Services logo
Quanta ServicesPWR
15.1%+0.1pp
Argan logo
ArganAGX
20.9%+3.3pp
GE Vernova logo
GE VernovaGEV
19.9%+2.0pp
MTZ
MasTecMTZ
12.8%-0.3pp
Hut 8 Mining Corp. logo
Hut 8 Mining Corp.HUT
59.7%+17.9pp
Albemarle logo
AlbemarleALB
18.4%+14.9pp

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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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 gross margin?
AES (AES) reported gross margin of 19.3% in Q1 2026.
How has AES's gross margin changed year-over-year?
AES's gross margin increased by 9.5% year-over-year, from 17.6% to 19.3%.
What is the long-term trend for AES's gross margin?
Over 5 years (2020 to 2025), AES's gross margin has grown at a -8.3% compound annual growth rate (CAGR), from 27.9% to 18.1%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.