Aes revenue and financials
$14.91Change from previous close: +0.07%Absolute change: +$0.01
In the fiscal year ended December 2025, Aes reported revenue of $12.23B (−0.37% year over year). Net income was $910M, a net margin of 7.4%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −0.37%
- 2025 vs 2024
- Net income growth
- −45.80%
- 2025 vs 2024
- Net margin
- 7.4%
- 2024: 13.7%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 4,306 | 2,752 | 3,034 | 2,715 | 1,902 | 2,755 | 2,466 | 2,343 | 2,504 | 2,897 |
| Depreciation and amortization | 1,457 | 1,264 | 1,147 | 1,072 | 1,056 | 1,068 | 1,045 | 1,003 | 1,169 | 1,176 |
| Capital expenditure | -5,929 | -7,392 | -7,724 | -4,551 | -2,116 | -1,900 | -2,405 | -2,121 | -2,177 | -2,345 |
| Investing cash flow | -6,210 | -7,700 | -8,188 | -5,836 | -3,051 | — | — | — | — | — |
| Financing cash flow | 1,975 | 4,963 | 5,405 | 3,758 | 797 | — | — | — | — | — |
| Dividends paid | -501 | -483 | -444 | -422 | -401 | -381 | -362 | -344 | -317 | -290 |
| Share repurchases | — | — | — | — | — | — | — | 0.0 | 0.0 | -79.0 |
| Debt issued | 10,610 | 15,492 | 13,024 | 11,412 | 4,453 | — | — | — | — | — |
| Debt repaid | -10,045 | -10,703 | -9,280 | -7,860 | — | — | — | — | — | — |
| Effect of exchange rates | -27.0 | -63.0 | -270 | -56.0 | -46.0 | — | — | — | — | — |
| Net change in cash | 123 | 49.0 | -97.0 | 603 | -343 | — | — | — | — | — |
| Free cash flow | -1,623 | -4,640 | -4,690 | -1,836 | -214 | — | — | — | — | — |
| Levered free cash flow | -3,086 | -6,709 | -4,731 | -3,330 | -761 | — | — | — | — | — |