Is AES Corporation (AES) overvalued or fairly valued?

MarketChacha shows AES Corporation's valuation in context — a trailing P/E of about 7.4, a forward P/E of about 6.3, a price-to-book of about 2.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does AES Corporation's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (3.56×) from reported figures — education, not a rating.

What is AES Corporation's revenue?

AES Corporation reported revenue of $12.2B for FY2025, with net profit of $910.0M, per official filings.

What is the share price of AES Corporation (AES)?

AES Corporation last traded at $14.95 (-0.1% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

AES Corporation

AES · NYSE · Utilities · United States

Snapshot

TickerAES

ExchangeNYSE

SectorUtilities

IndustryUtilities - Diversified

CountryUnited States

Employees8,336

HeadquartersArlington, United States

Websitewww.aes.com

Filings tracked18

About AES Corporation

The AES Corporation, together with its subsidiaries, operates as a power generation and utility company. It operates through four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market, as well as investments in technologies to support leading-edge greener energy solutions. It uses various fuels and technologies to generate electricity, such as solar, hydro, wind, coal, and gas, as well as renewables comprising energy storage and landfill gas. The company owns and/or operates a generation portfolio of approximately 34,740 megawatts and distributes power to 2.7 million customers. The company operates in the United States, Chile, Dominican Republic, El Salvador, Mexico, Bulgaria, Panama, Colombia, Argentina, Vietnam, Jordan, Puerto Rico, and internationally. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was incorporated in 1981 and is based in Arlington, Virginia.

Who owns it

Insiders0.6%
Institutions91.0%
Public & other8.5%

941 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.6.91%
Vanguard Capital Management LLC6.52%
State Street Corporation6.01%
Vanguard Portfolio Management LLC4.96%
Balyasny Asset Management LP4.85%
Geode Capital Management, LLC3.52%
Millennium Management Llc2.99%
Morgan Stanley2.94%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion3.56×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend2.0% → 7.4%

Margin has expanded by about 5.5 points — the business is getting more profitable.

Return on equity22.4%

Latest ROE of 22.4% — capital is generating a healthy return.

Growth qualityrev -2% · PAT 91%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $3.2B · EPS 0.59

Est. earnings growth -27.4%

Next fiscal year

Rev $13.4B · EPS 2.37

Est. earnings growth +3.6%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$12.2B

Net margin

7.4%

ROE

22.4%

Revenue CAGR (2y)

-1.7%

Profit CAGR (2y)

+91.2%

EPS (FY2025)

1.26

Net profit (FY2025)

$910.0M

Ask MarketChacha about AES

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$12.2B	$910.0M	1.26	7.4%	22.4%
FY2024	$12.3B	$1.7B	2.36	13.7%	46.1%
FY2023	$12.7B	$249.0M	0.35	2.0%	10.0%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$3.4B	$426.0M	0.60	12.4%
2026Q1	$3.2B	$487.0M	0.68	15.3%
2025Q3	$3.4B	$639.0M	0.89	19.1%
2025Q2	$2.9B	$-95.0M	-0.15	-3.3%
2025Q1	$2.9B	$46.0M	0.07	1.6%
2024Q3	$3.3B	$504.0M	0.71	15.3%
2024Q2	$2.9B	$276.0M	0.39	9.4%
2024Q1	$3.1B	$432.0M	0.60	14.0%
2023Q3	$3.4B	$231.0M	0.32	6.7%
2023Q2	$3.0B	$-39.0M	-0.06	-1.3%
2023Q1	$3.2B	$151.0M	0.21	4.7%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events
SEC8/27/2026material
8-K — Material agreement, Exhibits
SEC8/5/2026material
10-Q filing
SEC8/4/2026
8-K — Auditor change, Exhibits
SEC7/27/2026material
8-K — Shareholder vote results, Reg FD disclosure, Other events, Exhibits
SEC6/26/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC6/16/2026material
8-K — Other events
SEC6/12/2026material
10-Q filing
SEC5/5/2026
8-K — Shareholder vote results
SEC4/30/2026material
8-K — Executive/director change
SEC4/16/2026material
8-K — Material agreement, Exhibits
SEC3/19/2026material
8-K — Material agreement, Executive/director change, Reg FD disclosure, Exhibits
SEC3/2/2026material
10-K filing
SEC3/2/2026
8-K — Material impairment, Exhibits
SEC1/16/2026material

2025

10-Q filing
SEC11/4/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC11/4/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/1/2025material
10-Q filing
SEC8/1/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.