AES Corp
AES- Exchange
- NYSE
- Industry
- Cogeneration Services & Small Power Producers
- SEC CIK
- 0000874761
No open-market purchases or sales by AES Corp insiders were filed in the last 90 days; 709 institutions reported holding it in 13F filings for Q2 2026, worth $9.38B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 5, 2026, 12:07 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | Feb 28, 2025 | Feb 26, 2024 | Feb 27, 2023 | – |
| Revenue | $12.2B | $12.3B | $12.7B | $12.6B | $11.1B |
| Cost of revenue | $10.0B | $9.96B | $10.2B | $10.1B | $8.43B |
| Gross profit | $2.21B | $2.31B | $2.50B | $2.55B | $2.71B |
| Selling, general and administrative | $241.0M | $288.0M | $255.0M | $207.0M | $166.0M |
| Interest expense | $1.41B | $1.49B | $1.32B | $1.12B | $911.0M |
| Income tax | -$181.0M | $59.0M | $261.0M | $265.0M | -$133.0M |
| Net income | $910.0M | $1.68B | $249.0M | -$546.0M | -$409.0M |
| EPS, basic | $1.26 | $2.38 | $0.37 | $-0.82 | $-0.61 |
| EPS, diluted | $1.26 | $2.36 | $0.35 | $-0.82 | $-0.61 |
| Weighted shares, basic | 712.0M | 706.0M | 669.0M | 668.0M | 666.0M |
| Weighted shares, diluted | 714.0M | 713.0M | 712.0M | 668.0M | 666.0M |
| Margins and growth | |||||
| Gross margin | 18.1% | 18.8% | 19.8% | 20.2% | 24.3% |
| Net margin | 7.4% | 13.7% | 2.0% | -4.3% | -3.7% |
| Revenue growth, year over year | −0.4% | −3.1% | +0.4% | +13.2% | +15.3% |
| Net income growth, year over year | −45.8% | +574.3% | – | – | −989.1% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | Feb 28, 2025 | Feb 26, 2024 | Feb 27, 2023 | – |
| Cash and equivalents | $1.38B | $1.52B | $1.43B | $1.37B | $943.0M |
| Short-term investments | $174.0M | $79.0M | $395.0M | $730.0M | $232.0M |
| Accounts receivable | $1.68B | $1.65B | $1.42B | $1.80B | $1.42B |
| Inventory | $612.0M | $593.0M | $712.0M | $1.05B | $604.0M |
| Total current assets | $6.50B | $6.83B | $6.65B | $7.64B | $5.36B |
| Property, plant and equipment | $37.8B | $33.2B | $30.0B | $23.0B | $19.9B |
| Goodwill | $342.0M | $345.0M | $348.0M | $362.0M | $1.18B |
| Intangible assets | $2.04B | $1.95B | $2.24B | $1.84B | $1.45B |
| Total assets | $51.8B | $47.4B | $44.8B | $38.4B | $33.0B |
| Accounts payable | $1.98B | $1.65B | $2.20B | $1.73B | $1.15B |
| Total current liabilities | $8.49B | $8.57B | $9.73B | $6.49B | $4.73B |
| Shareholders' equity | $9.11B | $7.70B | $5.99B | $4.50B | $4.57B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | Feb 28, 2025 | Feb 26, 2024 | Feb 27, 2023 | – |
| Operating cash flow | $4.31B | $2.75B | $3.03B | $2.71B | $1.90B |
| Capital expenditures | $5.93B | $7.39B | $7.72B | $4.55B | $2.12B |
| Free cash flow | -$1.62B | -$4.64B | -$4.69B | -$1.84B | -$214.0M |
| Depreciation and amortization | $1.46B | $1.26B | $1.13B | $1.05B | $1.06B |
| Stock-based compensation | $14.0M | $12.0M | $2.00M | $23.0M | $14.0M |
| Dividends paid | $501.0M | $483.0M | $444.0M | $422.0M | $401.0M |
| Investing cash flow | -$6.21B | -$7.70B | -$8.19B | -$5.84B | -$3.05B |
| Financing cash flow | $1.98B | $4.96B | $5.41B | $3.76B | $797.0M |
| Net change in cash | $123.0M | $49.0M | -$97.0M | $603.0M | -$343.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.1% | 0.1% | 0.0% | 0.2% | 0.1% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 30, 2026 | 713.6M | +0.2% | SEC |
| Jul 31, 2026 | 713.4M | +0.2% | SEC |
| May 1, 2026 | 713.2M | +0.2% | SEC |
| Feb 24, 2026 | 712.6M | +0.1% | SEC |
| Oct 31, 2025 | 712.1M | +0.2% | SEC |
| Jul 30, 2025 | 712.0M | +0.2% | SEC |
| Apr 29, 2025 | 711.9M | +0.2% | SEC |
| Apr 10, 2025 | 711.9M | +0.2% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.