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AES AES Net margin

Net margin at other companies

Nextra Energy logo
Nextra EnergyNEE
29.6%+7.8pp
Duke Energy logo
Duke EnergyDUK
15.7%+1.3pp
Quanta Services logo
Quanta ServicesPWR
3.7%-0.1pp
Argan logo
ArganAGX
15.5%+4.5pp
CMS
CMS EnergyCMS
12.5%-0.6pp
Entergy logo
EntergyETR
14.4%-0.4pp

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
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 net margin?
AES (AES) reported net margin of 10.8% in Q1 2026.
How has AES's net margin changed year-over-year?
AES's net margin increased by 1.4% year-over-year, from 10.7% to 10.8%.
What is the long-term trend for AES's net margin?
Over 5 years (2020 to 2025), AES's net margin has grown at a 73.3% compound annual growth rate (CAGR), from 0.5% to 7.4%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.