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AES

AES Corporation

UtilitiesElectric, Gas & WaterS&P 500
Ticker AESARLINGTON, VAFiscal year ends DecemberBook value per share $6.91Diluted shares 715.0M

The AES Corporation (NYSE: AES) develops, owns and operates power generation facilities and regulated electric utilities, supplying electricity to utilities, corporations, industrial users and residential, commercial, industrial and government customers. Its generation portfolio spans renewables, including solar,… From the company’s description.

In fiscal 2025, AES Corporation reported revenue of $12.23B, down 0.4% from fiscal 2024, and net income of $162.00M. Its operating margin was 14.3%, and operations generated $4.31B in cash. Over the twelve months to Jun 30, 2026, revenue was $13.05B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$12.23BFY2025
−0.4% year over year
Last 12 mo $13.05B
14.27%FY2025
+0.8 percentage points
$162.00MFY2025
−79.8% year over year
Last 12 mo $1.05B
22.40%FY2025
−34.6 percentage points
Last 12 mo 37.88%
Cash & financing
$4.31BFY2025
+56.5% year over year
Last 12 mo $5.03B
$-1.62BFY2025
+65.0% year over year
Last 12 mo $-1.72B
7.14FY2025
Was 7.72× a year earlier
Last 12 mo 5.80
714.0MFY2025
+0.4% year over year
Last 12 mo 715.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What AES Corporation does

In the company’s own words

The AES Corporation (NYSE: AES) develops, owns and operates power generation facilities and regulated electric utilities, supplying electricity to utilities, corporations, industrial users and residential, commercial, industrial and government customers. Its generation portfolio spans renewables, including solar, wind, hydro and energy storage, as well as natural gas, LNG, coal, pet coke, diesel and oil; it also sells ancillary services and renewable energy credits. AES is organized into four technology-oriented strategic business units: Renewables, Utilities, Energy Infrastructure and New Energy Technologies. Its utility businesses include AES Indiana, AES Ohio and four utilities in El Salvador, which together distribute power to 2.7 million customers. In 2025, AES owned or operated 34,740 MW of generation capacity, including 17,836 MW in Renewables, and reported a 12.0 GW backlog of contracted projects. AES was incorporated in 1981 and has expanded from its generation and utility base into renewable energy, storage and other energy technologies. Its website is www.aes.com.

Company details
Sector
Utilities
Industry (SIC)
Electric, Gas & Water
Headquarters
ARLINGTON, VA
Fiscal year end
December
CIK
874761
SIC
4991

Financial performance, year by year

Fiscal 2013–2025 · USD
$-2.76B$2.67B$8.10B$13.53B$18.96B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns AES Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

510
funds hold it
0 of 35
superinvestors hold it
$3.50B
held by funds, at market
33.6%
of shares held by funds
29
bond issues held by funds

Largest fund holders · AES Corporation’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.13%of fund net assets
Invesco S&P 500 Equal Weight ETF
RSP · Invesco Exchange-Traded Fund Trust
—of fund net assets
0.74%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

AES Corporation’s bonds, as funds hold them

Funds report holding 29 issues of AES Corporation’s debt, $2.70B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.69%, maturing 2026 to 2055.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do AES Corporation and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of AES Corporation's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in AES Corporation's last four quarterly filings that the numbers alone won't show?”
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