# AES Corporation (AES)

**Exchange:** NYSE  
**Sector:** Utilities  
**Market cap:** $10.47B  
**Price:** $14.67 (+0.27%)

> AES Corporation is a global power company focused on electricity generation, transmission, distribution, and energy infrastructure. The company operates a diversified portfolio that includes renewable energy, natural gas, coal, hydro, wind, solar, and battery storage assets, serving utilities, industrial customers, businesses, and public-sector users across multiple regions. AES Corporation also provides utility services through regulated operations in select markets, supplying end-user customers with reliable power. In addition, it develops and operates LNG infrastructure and works with large corporate buyers seeking clean energy solutions. Headquartered in Arlington, Virginia, and founded in 1981, AES Corporation plays a significant role in the modern energy market through its broad mix of conventional and lower-carbon power assets.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $12.23B | $2.21B | — | $910M | — |
| 2024 | $12.28B | $2.31B | — | $1.68B | — |
| 2023 | $12.67B | $2.50B | — | $249M | — |
| 2022 | $12.62B | $2.55B | — | -$546M | — |
| 2021 | $11.14B | $2.71B | — | -$409M | — |
| 2020 | $9.66B | $2.69B | — | $46M | — |
| 2019 | $10.19B | $2.35B | — | $303M | — |
| 2018 | $10.74B | $2.57B | — | $1.20B | — |
| 2017 | $10.53B | $2.46B | — | -$1.16B | — |
| 2016 | $10.28B | $2.38B | — | -$1.13B | — |
| 2015 | $11.26B | $2.66B | — | $306M | — |
| 2014 | $16.12B | $2.98B | — | $769M | — |
| 2013 | $15.89B | $3.25B | — | $114M | — |
| 2012 | $17.16B | $3.58B | — | -$912M | — |
| 2011 | $16.10B | $4.04B | — | $58M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $51.77B | — | $4.06B | $1.38B | — |
| 2024 | $47.41B | — | $3.64B | $1.52B | — |
| 2023 | $44.80B | — | $2.49B | $1.43B | — |
| 2022 | $38.36B | — | $2.44B | $1.37B | — |
| 2021 | $32.96B | — | $2.80B | $943M | — |
| 2020 | $34.60B | — | $2.63B | $1.09B | — |
| 2019 | $33.65B | — | $3.00B | $1.03B | — |
| 2018 | $32.52B | — | $3.21B | $1.17B | — |
| 2017 | $33.11B | — | $2.46B | $949M | — |
| 2016 | $36.12B | — | $2.79B | $1.24B | — |
| 2015 | $36.55B | — | $3.15B | $1.22B | — |
| 2014 | $38.56B | — | $4.27B | $1.52B | — |
| 2013 | $40.41B | — | $4.33B | $1.64B | — |
| 2012 | $41.83B | — | $4.57B | $1.90B | — |
| 2011 | $45.35B | — | $5.95B | $1.62B | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $4.31B | $5.93B | -$1.62B |
| 2024 | $2.75B | $7.39B | -$4.64B |
| 2023 | $3.03B | $7.72B | -$4.69B |
| 2022 | $2.71B | $4.55B | -$1.84B |
| 2021 | $1.90B | $2.12B | -$214M |
| 2020 | $2.75B | $1.90B | $855M |
| 2019 | $2.47B | $2.40B | $61M |
| 2018 | $2.34B | $2.12B | $222M |
| 2017 | $2.50B | $2.18B | $327M |
| 2016 | $2.90B | $2.35B | $552M |
| 2015 | $2.13B | $2.31B | -$174M |
| 2014 | $1.79B | $2.02B | -$225M |
| 2013 | $2.71B | $1.99B | $727M |
| 2012 | $2.90B | $2.11B | $793M |
| 2011 | $2.88B | $2.43B | $454M |

Source: [CompaniesByCap](https://companiesbycap.com/company/AES)